---
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"
generated_at: "2026-05-25T16:26:44.443929+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bio-Techne ordered to pay former CEO $35.98M over option expiration error

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: litigation
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-002177
- JSON: https://secwatch.observer/filing/0001558370-25-002177.json
- Plain text: https://secwatch.observer/filing/0001558370-25-002177.txt

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