secwatch.observer — SEC 8-K summary
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Issuer:     BASANITE, INC. (BASA)
CIK:        0001448705
Form:       8-K
Filed at:   2022-08-22T23:59:59+00:00
Accession:  0001553350-22-000713
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Basanite appoints Lisa Gainsborg as CFO, grants 750,000 options
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1448705/000155335022000713/0001553350-22-000713-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1448705/000155335022000713/basa_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000713

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