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BNET > SEC Filings for BNET > Form 8-K on 3-Aug-2012All Recent SEC Filings

Show all filings for BION ENVIRONMENTAL TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for BION ENVIRONMENTAL TECHNOLOGIES INC


3-Aug-2012

Change in Directors or Principal Officers, Regulation FD Disc


ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On July 31, 2012 the Company memorialized the agreement, effective June 30, 2012, for Dominic Bassani, the Company's CEO, to extend the maturity date of certain convertible deferred compensation totaling $198,000 (principal plus accrued interest) to January 15, 2014. See Exhibit 10.1.



ITEM 7.01 REGULATION FD DISCLOSURE.

On August 1, 2012, the Company issued a press release (attached hereto as Exhibit 99.1) entitled 'Bion's Nutrient Credit Verification Plan and Full Water Quality Management Permit for Kreider Dairy Farm System Approved by Pennsylvania Department of Environmental Protection' and has placed the press release on its website: www.biontech.com.

On August 2, 2012, the Company issued a press release (attached hereto as Exhibit 99.2) entitled 'Bion Announces Initial Success of Advanced Separation Technology Pilot - Enables Improved Asset Recovery, Further Reductions of N & P, Increased Sustainability at Lower Cost' and has placed the press release on its website: www.biontech.com.



ITEM 8.01 OTHER EVENTS.

On August 1, 2012 the Pennsylvania Department of Environmental Protection (PA DEP) issued a final and full Water Quality Management Permit for Bion's micro-aerobic livestock waste treatment facility located at the Kreider Dairy Farm in Manheim, Lancaster County, Pennsylvania. The full WQMP replaces the 'Water Quality Management Experimental Permit' issued by the PA DEP to Bion prior to the construction of the Kreider facility. Incorporated within the permit is Bion's verification plan approval which spells out the sampling and reporting requirements for the issuance of verified credit reductions from the PA DEP. See Exhibit 10.2.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(a)

Financial Statements of Businesses Acquired

Not Applicable.

(b)

Pro Forma Financial Information

Not Applicable.

(c)

Shell Company Transactions

Not Applicable.

(d)

Exhibits:


Exhibit      Description
Number

10.1         Memorialization of extension of Maturity of Bassani convertible
             deferred compensation (dated July 31, 2012).

10.2         Kreider Permit (dated August 1, 2012).

99.1         Press release (dated August 1, 2012) (filed electronically herewith)
             entitled 'Bion's Nutrient Credit Verification Plan and Full Water
             Quality Management Permit for Kreider Dairy Farm System Approved by
             Pennsylvania Department of Environmental Protection'

99.2         Press release (dated August 2, 2012) (filed electronically herewith)
             entitled 'Bion Announces Initial Success of Advanced Separation
             Technology Pilot - Enables Improved Asset Recovery, Further
             Reductions of N & P, Increased Sustainability at Lower Cost'

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