secwatch.observer — SEC 8-K summary
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Issuer:     BASANITE, INC. (BASA)
CIK:        0001448705
Form:       8-K
Filed at:   2022-12-12T23:59:59+00:00
Accession:  0001553350-22-000996
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1448705/000155335022000996/0001553350-22-000996-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1448705/000155335022000996/basa_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000996

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer