UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
November 11, 2010
------------------------------------------------
Date of Report (date of earliest event reported)
BION ENVIRONMENTAL TECHNOLOGIES, INC.
----------------------------------------------------
Exact name of Registrant as Specified in its Charter
Colorado 000-19333 84-1176672
--------------------------- --------------- ---------------------------
State or Other Jurisdiction Commission File IRS Employer Identification
of Incorporation Number Number
Box 566/1774 Summitview Way, Crestone, Colorado 81131
----------------------------------------------------------
Address of Principal Executive Offices, Including Zip Code
(212) 758-6622
--------------------------------------------------
Registrant's Telephone Number, Including Area Code
Not applicable
-----------------------------------------------------------
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS.
(c) Effective November 16, 2010 the Company reached an agreement with
William O'Neill (age 50) pursuant to which he will become Bion's CEO on
January 1, 2011. Mr. O'Neill will also join the Company's Board of Directors
at that date. Prior to joining the Company, Mr. O'Neill served as Vice
President - Business Development of Advanced Brands until its sale during
2010. The 'short-form' agreement (which will be incorporated into a longer,
more formal agreement before calendar year end) is attached hereto as Exhibit
10.1. A press release regarding the hiring of Mr. O'Neill is attached hereto
as Exhibit 99.2. Mr. O'Neill's resume is attached as Exhibit 10.2 hereto.
ITEM 7.01 REGULATION FD DISCLOSURE.
On November 11, 2010, the Company issued a press release regarding the
formal ground breaking held November 10, 2010 for its Kreider Phase 1 dairy
waste treatment system in Lancaster County, Pennsylvania. The press release
has been attached hereto as an Exhibit 99.1 and will also be posted on our
websites: www.bionpa.com & www.bionoswegoproject.com.
On November 22, 2010, the Company issued a press release regarding its
hiring of Mr. William O'Neill. The press release has been attached hereto as
Exhibit 99.2 and will also be posted on our website: www.biontech.com.
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 10.1 - Short Form of Agreement with William O'Neill
Exhibit 10.2 - Resume of William O'Neill
Exhibit 99.1 - Press Release dated November 11, 2010
Regarding Commencement of Construction on
Pennsylvania Dairy Farm Waste Management
System
Exhibit 99.2 - Press Release dated November 22, 2010
Regarding Announcement of New Chief Executive
Officer and Director
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Bion Environmental Technologies, Inc.
Date: November 22, 2010 By:/s/ Mark A. Smith
Mark A. Smith, President