{"schema_version":"secwatch.filing_event.v1","accession":"0001553350-22-000279","form_type":"8-K","ticker":"BASA","cik":"0001448705","company_name":"BASANITE, INC.","filed_at":"2022-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:04:06.521390+00:00","generated_at":"2026-06-26T11:55:28.457441+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Basanite appoints Simon R. Kay as CEO, President, and Acting Interim CFO","bullets":["Simon R. Kay appointed CEO and President, effective March 25, 2022; also serves as Acting Interim CFO.","Employment agreement: two-year term, annual base salary of $250,000, automatically renews year-to-year.","Kay receives warrant for 2M shares at $0.33, vesting 1M immediately and 1M on first anniversary; 5-year term.","Cash bonus of $100,000 if Company uplists from OTCQB to NYSE/Nasdaq and achieves positive cash flow for a quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0001553350-22-000279","json":"https://secwatch.observer/filing/0001553350-22-000279.json","markdown":"https://secwatch.observer/filing/0001553350-22-000279.md","text":"https://secwatch.observer/filing/0001553350-22-000279.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1448705/000155335022000279/0001553350-22-000279-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1448705/000155335022000279/basa_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T11:55:28.457441+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1bba7f2bee","claim":"Simon R. Kay was appointed as Chief Executive Officer, President, and Acting Interim Chief Financial Officer at BASANITE, INC..","evidence_excerpt":"On March 25, 2022, the Board of Directors (the “ Board ”) of Basanite, Inc. (the “ Company ”) appointed Simon R. Kay (“ Kay ”) as the Company’s Chief Executive Officer and President.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1448705/000155335022000279/0001553350-22-000279-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer, President, and Acting Interim Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}