SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: June 22, 1999
(Date of earliest event reported)
Bion Environmental Technologies, Inc.
(Exact Name of Registrant as Specified in its Charter
Colorado 0-19333 84-1176672
(State of (Commission (I.R.S. Employer
Incorporation) File No.) Identification No.)
555 17th Street, Suite 3310, Denver, Colorado 80202
(Address and Zip Code of Principal Executive Offices)
Registrant's telephone number including area code: (303) 294-0750
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ITEM 5. OTHER EVENTS.
1. Bion Environmental Technologies, Inc. (the "Company") distributed the
declared May 21, 1999 stock dividend on June 22, 1999. In this
distribution, the Company's stock transfer agent mistakenly issued ten (10)
shares for every one (1) share outstanding (a 1,000% dividend), rather than
the Company declared one (1) share for every (10) shares held (a 10%
dividend). A "stop" was placed on the invalid certificates and valid
certificates will be issued reflecting the correct dividend amount. See
exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
SIGNATURES
Pursuant to the requirements of the Securities and 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: June 24, 1999 By: /s/ M. Duane Stutzman
-----------------------------
M. Duane Stutzman, Chief
Financial Officer
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INDEX TO EXHIBITS
Financial Statements and Exhibits.
99.1 Letter sent from the Company's stock transfer agent identifying the
dividend certificate error.
June 23, 1999
Dear Bion Environmental Technologies, Inc. Shareholder
You have recently received a stock certificate(s) representing shares of Bion
Environmental Technologies, Inc. (the "Company") stock that were incorrectly
issued to you in connection with a stock dividend declared by the Company.
Instead of a dividend of one share for each ten shares outstanding as was
declared by the Company (a 10% dividend), the certificate(s) that you received
erroneously reflects a dividend of ten shares for each one share that is
outstanding (a 1,000% dividend). Accordingly, we have placed a "stop" on the
certificate(s) that you recently received and it has been canceled on the books
of the Company.
Please return the invalid certificate(s) to us in the enclosed postage-paid
envelope. Upon our receipt of the invalid certificate(s), we will send you a new
certificate(s) for the correct amount of shares.
We apologize for any inconvenience that this situation may cause you. If you
should have any questions, please do not hesitate to call.
Best regards,
/s/CORPORATE STOCK TRANSFER, INC.
CORPORATE STOCK TRANSFER, INC.
