Basanite engages Tom Richmond as Interim CEO with $33,333/month and 4M options through Dec 2023

BASANITE, INC.

Tom Richmond appointed Interim CEO of Basanite, effective July 31, 2023, through December 31, 2023.
Monthly compensation of $33,333 as independent contractor; no health or 401(k) benefits.
Issued non-statutory stock options to purchase 4 million shares at $0.045 per share, 5-year term.
Previous interim engagement expired Aug 31; new agreement extends to year-end 2023.

item 1.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Tom Richmond

Interim Chief Executive Officer

BASA · BASANITE, INC.

Effective: 2023-07-31
Filed: August 4, 2023, 7:59 PM ET

On July 31 st , 2023 the Board of Directors, conferred and elected to offer Mr. Richmond an engagement agreement wherein the Company will compensate him at a monthly rate of $33,333 and we issued him non-statutory stock Options to purchase a total of four (4) million shares common stock over a term of five years at the price of $0.045 per share.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Tom Richmond was appointed as Interim Chief Executive Officer at BASANITE, INC..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

On July 31 st , 2023 the Board of Directors, conferred and elected to offer Mr. Richmond an engagement agreement wherein the Company will compensate him at a monthly rate of $33,333 and we issued him non-statutory stock Options to purchase a total of four (4) million shares common stock over a term of five years at the price of $0.045 per share.

View on SEC.gov

BASANITE, INC. filing history →

Source: SEC EDGAR

accession 0001079973-23-001053

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.