Corporate GovernanceAug 13, 2026, 05:02 PM
Bion Environmental Adopts Director Compensation Policy
AI Summary
Bion Environmental Technologies' Board of Directors adopted a Director Compensation Policy for non-employee directors, establishing an annual retainer of $50,000 for fiscal years 2026 and 2027, and $25,000 thereafter, payable in common stock. Compensation for the initial two fiscal years is conditional on the closing of a Note Conversion Financing. The Board also amended its bylaws to create a "Lead Director" position, who will receive an additional $25,000 annual retainer, also payable in stock.
Key Highlights
- Non-employee directors to receive an annual retainer.
- Annual retainer set at $50,000 for fiscal years ending June 30, 2026 and June 30, 2027.
- Annual retainer set at $25,000 for each fiscal year thereafter.
- Retainers are payable entirely in shares of the Company’s common stock.
- Compensation for FY2026 and FY2027 is conditional on closing of Note Conversion Financing.
- Board amended bylaws to establish a "Lead Director" position.
- Lead Director to receive an additional annual retainer of $25,000 in shares.
Price Impact
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