secwatch.observer — SEC 8-K summary
======================================

Issuer:     BASANITE, INC. (BASA)
CIK:        0001448705
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001079973-23-001053
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1448705/000107997323001053/0001079973-23-001053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1448705/000107997323001053/basa_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-23-001053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer