---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-22-000184"
form_type: "8-K"
ticker: "BASA"
cik: "0001448705"
company_name: "BASANITE, INC."
filed_at: "2022-02-24T23:59:59+00:00"
generated_at: "2026-06-27T04:44:16.092532+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001553350-22-000184
- form_type: 8-K
- ticker: BASA
- cik: 0001448705
- company_name: BASANITE, INC.
- filed_at: 2022-02-24T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000184/0001553350-22-000184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000184/basa_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-22-000184
- JSON: https://secwatch.observer/filing/0001553350-22-000184.json
- Plain text: https://secwatch.observer/filing/0001553350-22-000184.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000184/0001553350-22-000184-index.htm

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