CFO Lisa Gainsborg resigns; Jacqueline Placeres named CFO of Basanite, Inc.

BASANITE, INC.

Lisa Gainsborg resigned as CFO, Treasurer and Secretary effective Dec 15, 2022; leaves company Dec 9.
Board appointed Jacqueline Placeres as CFO, Treasurer and Secretary effective Dec 9, 2022.
Placeres previously served as company Controller since 2021; base salary $175,000/year.
Granted 750,000 non-qualified stock options at $0.055 exercise price; 500,000 vest over 2 years quarterly, 250,000 vest upon two consecutive quarters of positive cash flow.

item 5.02 item 9.01

Executive movements

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Departed

Lisa Gainsborg

Chief Financial Officer, Treasurer and Secretary

BASA · BASANITE, INC.

Effective: 2022-12-15
Successor: Jacqueline Placeres
Filed: December 12, 2022, 6:59 PM ET

On December 6, 2022, Lisa Gainsborg, the Chief Financial Officer, Treasurer and Secretary of Basanite, Inc. (the “ Company ”), sent Michael Barbera, the Company’s Acting Interim Chief Executive Officer, a notice of her voluntary resignation from the Company, effective December 15, 2022.

Appointed

Jacqueline Placeres

Chief Financial Officer, Treasurer and Secretary

BASA · BASANITE, INC.

Effective: 2022-12-09
Filed: December 12, 2022, 6:59 PM ET

On December 9, 2022 (the “ Start Date ”), the Board of Directors of the Company (the “ Board ”) appointed Jacqueline Placeres as Chief Financial Officer, Treasurer and Secretary of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Lisa Gainsborg resigned as Chief Financial Officer, Treasurer and Secretary at BASANITE, INC..

Action: resigned
Role: Chief Financial Officer, Treasurer and Secretary

Exact text from the filing

On December 6, 2022, Lisa Gainsborg, the Chief Financial Officer, Treasurer and Secretary of Basanite, Inc. (the “ Company ”), sent Michael Barbera, the Company’s Acting Interim Chief Executive Officer, a notice of her voluntary resignation from the Company, effective December 15, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jacqueline Placeres was appointed as Chief Financial Officer, Treasurer and Secretary at BASANITE, INC..

Action: appointed
Role: Chief Financial Officer, Treasurer and Secretary

Exact text from the filing

On December 9, 2022 (the “ Start Date ”), the Board of Directors of the Company (the “ Board ”) appointed Jacqueline Placeres as Chief Financial Officer, Treasurer and Secretary of the Company.

View on SEC.gov

BASANITE, INC. filing history →

Source: SEC EDGAR

accession 0001553350-22-000996

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