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
June 30, 2010
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Date of Report (date of earliest event reported)
BION ENVIRONMENTAL TECHNOLOGIES, INC.
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Exact name of Registrant as Specified in its Charter
Colorado 000-19333 84-1176672
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State or Other Jurisdiction Commission File IRS Employer Identification
of Incorporation Number Number
Box 566/1774 Summitview Way, Crestone, Colorado 81131
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Address of Principal Executive Offices, Including Zip Code
(212) 758-6622
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Registrant's Telephone Number, Including Area Code
Not applicable
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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.
(e) Effective June 30, 2010 Dominic Bassani, Director-Strategic
Planning and Special Projects of our Bion Integrated Projects Group, Inc.
subsidiary and full-time consultant to the Company, extended the maturity
date of the $150,000 convertible obligation due to him to July 1, 2011. In
connection with the extension, Mr. Bassani received a $15,000 bonus which was
added to the principal of the obligation and the obligation was made interest
bearing at a 10% annual simple interest rate. The obligation continues to be
convertible into the Company's restricted common stock at a price of $1.50
per share.
ITEM 7.01 REGULATION FD DISCLOSURE.
On July 8, 2008, the Company issued a press release regarding an
educational issues forum at SUNY-Oswego to be held related to the proposed
beef/renewable energy/biofuels Integrated Project which the Company may
develop in Oswego County, New York.
The Company has placed on its website, www.biontech.com, a powerpoint
presentation which representatives of the Company intend to use in connection
with presentations to be made in Europe from July 12-15 to a number of
European institutions and individuals (each of whom will be roughly
equivalent to brokers, investment advisors, investment and hedge funds,
private equity firms and/or mutual funds, all of whom will be accredited
investors).
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 99.1 SUNY-Oswego Forum Press Release dated July 8, 2010
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: July 9, 2010 By:/s/ Mark A. Smith
Mark A. Smith, President