---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-22-000713"
form_type: "8-K"
ticker: "BASA"
cik: "0001448705"
company_name: "BASANITE, INC."
filed_at: "2022-08-22T23:59:59+00:00"
generated_at: "2026-06-23T22:14:10.211268+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Basanite appoints Lisa Gainsborg as CFO, grants 750,000 options

## Summary
- Appointed Lisa H. Gainsborg, CPA, as CFO, Treasurer and Secretary, effective August 17, 2022.
- Base salary of $125,000 per year; reviewed upon listing on a national exchange.
- Received 5-year non-qualified option to purchase 750,000 shares at $0.109 per share.
- Option vests: 500,000 shares quarterly over 2 years; 250,000 shares upon two consecutive quarters of positive cash flow.
- Gainsborg may maintain consulting practice with at least 75% of time dedicated to the company.

## SEC filing metadata
- accession: 0001553350-22-000713
- form_type: 8-K
- ticker: BASA
- cik: 0001448705
- company_name: BASANITE, INC.
- filed_at: 2022-08-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000713/0001553350-22-000713-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000713/basa_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-22-000713
- JSON: https://secwatch.observer/filing/0001553350-22-000713.json
- Plain text: https://secwatch.observer/filing/0001553350-22-000713.txt

## Key facts
- Executive change
  Lisa H. Gainsborg was appointed as Chief Financial Officer, Treasurer and Secretary at BASANITE, INC..
  - Action: appointed
  - Role: Chief Financial Officer, Treasurer and Secretary
  source text: Effective August 17, 2022, the Board of Directors (the “ Board ”) of Basanite, Inc. (the “ Company ”) appointed Lisa H. Gainsborg, CPA as Chief Financial Officer, Treasurer and Secretary of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000713/0001553350-22-000713-index.htm

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