---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-012336"
form_type: "8-K"
ticker: "TECH"
cik: "0000842023"
company_name: "BIO-TECHNE Corp"
filed_at: "2022-08-05T23:59:59+00:00"
generated_at: "2026-06-24T03:32:37.245143+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Bio-Techne CEO Chuck Kummeth plans to retire by June 30, 2024; board begins successor search

## Summary
- Revenue grew from $311M in FY2013 to $1.1B in FY2022 (CAGR >15%); employees grew from 800 to 3,000+.
- Kummeth to receive 150k performance-vesting stock options for FY2023 and another 150k for FY2024, plus a $5M RSU award vesting over three years.
- No base salary increase; bonus target remains at 160% of salary. Kummeth will stay on as CEO during the two-year transition.
- Board evaluating internal and external CEO candidates; Kummeth is expected to remain on the board after retirement.

## SEC filing metadata
- accession: 0001558370-22-012336
- form_type: 8-K
- ticker: TECH
- cik: 0000842023
- company_name: BIO-TECHNE Corp
- filed_at: 2022-08-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842023/000155837022012336/0001558370-22-012336-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842023/000155837022012336/tmb-20220804x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-012336
- JSON: https://secwatch.observer/filing/0001558370-22-012336.json
- Plain text: https://secwatch.observer/filing/0001558370-22-012336.txt

## Key facts
- Executive change
  Chuck Kummeth departed as Chief Executive Officer at BIO-TECHNE Corp.
  - Action: retire
  - Role: Chief Executive Officer
  source text: On August 4, 2022, Bio-Techne Corporation (the “Company”) announced Chuck Kummeth’s plan to retire from his position as Chief Executive Officer effective June 30, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/842023/000155837022012336/0001558370-22-012336-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.