{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-25-002177","form_type":"8-K","ticker":"TECH","cik":"0000842023","company_name":"BIO-TECHNE Corp","filed_at":"2025-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.488771+00:00","generated_at":"2026-05-25T16:26:44.443929+00:00","sec_items":["5.02","9.01"],"event_type":"litigation","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bio-Techne ordered to pay former CEO $35.98M over option expiration error","bullets":["Arbitrator awarded former CEO Charles Kummeth $35.978M for options lost due to administrative error.","Options expired August 9, 2024 per award agreements; company's platform erroneously showed October 26, 2024.","Interest of $980,000 and legal fees/costs of $234,000 also awarded to Kummeth.","Award calculated using average closing price of TECH common stock over 30 days before actual expiration."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-25-002177","json":"https://secwatch.observer/filing/0001558370-25-002177.json","markdown":"https://secwatch.observer/filing/0001558370-25-002177.md","text":"https://secwatch.observer/filing/0001558370-25-002177.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/842023/000155837025002177/0001558370-25-002177-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/842023/000155837025002177/tech-20250226x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T16:26:44.443929+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}