---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-22-000996"
form_type: "8-K"
ticker: "BASA"
cik: "0001448705"
company_name: "BASANITE, INC."
filed_at: "2022-12-12T23:59:59+00:00"
generated_at: "2026-06-21T06:05:07.864863+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001553350-22-000996
- form_type: 8-K
- ticker: BASA
- cik: 0001448705
- company_name: BASANITE, INC.
- filed_at: 2022-12-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000996/0001553350-22-000996-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000996/basa_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-22-000996
- JSON: https://secwatch.observer/filing/0001553350-22-000996.json
- Plain text: https://secwatch.observer/filing/0001553350-22-000996.txt

## Key facts
- Executive change
  Lisa Gainsborg resigned as Chief Financial Officer, Treasurer and Secretary at BASANITE, INC..
  - Action: resigned
  - Role: Chief Financial Officer, Treasurer and Secretary
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000996/0001553350-22-000996-index.htm
- Executive change
  Jacqueline Placeres was appointed as Chief Financial Officer, Treasurer and Secretary at BASANITE, INC..
  - Action: appointed
  - Role: Chief Financial Officer, Treasurer and Secretary
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000996/0001553350-22-000996-index.htm

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