---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-002247"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2023-01-20T23:59:59+00:00"
generated_at: "2026-06-20T12:42:47.052264+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# AmBase extends CEO contract to 2028; warns cash may be insufficient, seeks ~$7M funding

## Summary
- CEO Richard Bianco employment term extended from May 31, 2023 to May 31, 2028 via Third Amendment.
- Scott Salant appointed to board, effective Jan 20, 2023; annual director fee $12,000 plus meeting fees.
- NY Court partially denied motions to dismiss in 111 W57th litigation; breach-of-pledge claims survive against Apollo lenders.
- Company appealing Dec 2022 order; Apollo lenders also appealed; discovery to resume.
- Company seeks approximately $7M in funding via third parties, shareholders, or debt; CEO may provide working capital line.

## SEC filing metadata
- accession: 0001140361-23-002247
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2023-01-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20639/000114036123002247/0001140361-23-002247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036123002247/brhc10046827_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-002247
- JSON: https://secwatch.observer/filing/0001140361-23-002247.json
- Plain text: https://secwatch.observer/filing/0001140361-23-002247.txt

## Key facts
- Executive change
  Scott M. Salant was appointed as Director at AmBase Corp.
  - Action: appointed
  - Role: Director
  source text: The Board has appointed Mr. Scott M. Salant (“Mr. Salant”) as a member of the Board effective as of January 20, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/20639/000114036123002247/0001140361-23-002247-index.htm

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