---
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"
generated_at: "2026-06-26T11:55:28.457441+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Basanite appoints Simon R. Kay as CEO, President, and Acting Interim CFO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-22-000279
- JSON: https://secwatch.observer/filing/0001553350-22-000279.json
- Plain text: https://secwatch.observer/filing/0001553350-22-000279.txt

## Key facts
- Executive change
  Simon R. Kay was appointed as Chief Executive Officer, President, and Acting Interim Chief Financial Officer at BASANITE, INC..
  - Action: appointed
  - Role: Chief Executive Officer, President, and Acting Interim Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000279/0001553350-22-000279-index.htm

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