{"schema_version":"secwatch.filing_event.v1","accession":"0001553350-22-000932","form_type":"8-K","ticker":"BASA","cik":"0001448705","company_name":"BASANITE, INC.","filed_at":"2022-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.702252+00:00","generated_at":"2026-06-21T15:47:14.132057+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CEO Simon Kay departs abruptly; Board names Michael V. Barbera as Acting Interim CEO","bullets":["CEO Simon Kay terminated employment effective Nov 14, 2022, citing 'Good Reason' under his employment agreement and claiming unpaid wages.","Board appointed director Michael V. Barbera as Acting Interim CEO; he previously served as Chairman since Jan 2020.","Board ratified Sept 21, 2022 appointment of Ronald J. LoRicco, Sr. as Chairman.","Company states it will defend against any claims from Kay regarding unpaid wages."],"urls":{"canonical":"https://secwatch.observer/filing/0001553350-22-000932","json":"https://secwatch.observer/filing/0001553350-22-000932.json","markdown":"https://secwatch.observer/filing/0001553350-22-000932.md","text":"https://secwatch.observer/filing/0001553350-22-000932.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1448705/000155335022000932/0001553350-22-000932-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1448705/000155335022000932/basa_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T15:47:14.132057+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":"67f33a44e4","claim":"Ronald J. LoRicco, Sr. was appointed as Chairman of the Board at BASANITE, INC..","evidence_excerpt":"The Board also ratified and approved its September 21, 2022 appointment of Ronald J. LoRicco, Sr. as Chairman of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1448705/000155335022000932/0001553350-22-000932-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ratified appointment"},{"label":"Role","value":"Chairman of the Board"}],"fact_type":"executive_change"},{"claim_id":"c17a2c6ff5","claim":"Michael V. Barbera was appointed as Acting Interim Chief Executive Officer at BASANITE, INC..","evidence_excerpt":"On November 17, 2022, the Board appointed Michael V. Barbera, a director of the Corporation, as Acting Interim Chief Executive Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1448705/000155335022000932/0001553350-22-000932-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Acting Interim Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}