COO David L. Anderson resigns; company denies 'Good Reason' separation claim

BASANITE, INC.

David L. Anderson, EVP and COO, resigned effective February 24, 2022; company accepted resignation immediately.
Company denied Anderson's claim of 'Good Reason' and any separation payment under his employment agreement.
Anderson provided resignation notice on February 20, 2022, asserting entitlement to payments; company disputes.

item 5.02 item 9.01

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Departed

David L. Anderson

Executive Vice President and Chief Operating Officer

BASA · BASANITE, INC.

Effective: 2022-02-24
Filed: February 24, 2022, 6:59 PM ET

On February 20, 2022, David L. Anderson (“Anderson”), the Executive Vice President and Chief Operating Officer of Basanite, Inc. (the “Company”), provided written notice to the Board of Directors of the Company of his resignation from the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

David L. Anderson resigned as Executive Vice President and Chief Operating Officer at BASANITE, INC..

Action: resigned
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

On February 20, 2022, David L. Anderson (“Anderson”), the Executive Vice President and Chief Operating Officer of Basanite, Inc. (the “Company”), provided written notice to the Board of Directors of the Company of his resignation from the Company.

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BASANITE, INC. filing history →

Source: SEC EDGAR

accession 0001553350-22-000184

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