---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-001053"
form_type: "8-K"
ticker: "BASA"
cik: "0001448705"
company_name: "BASANITE, INC."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T05:52:11.265976+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001079973-23-001053
- form_type: 8-K
- ticker: BASA
- cik: 0001448705
- company_name: BASANITE, INC.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1448705/000107997323001053/0001079973-23-001053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1448705/000107997323001053/basa_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-001053
- JSON: https://secwatch.observer/filing/0001079973-23-001053.json
- Plain text: https://secwatch.observer/filing/0001079973-23-001053.txt

## Key facts
- Executive change
  Tom Richmond was appointed as Interim Chief Executive Officer at BASANITE, INC..
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1448705/000107997323001053/0001079973-23-001053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.