Basanite appoints Tom Richmond as Interim CEO; former CEO Barbera retires

BASANITE, INC.

Michael Barbera stepped down as Acting Interim CEO on April 6, 2023 to retire; remains on Board.
Tom Richmond, 64, appointed Interim CEO through August 31, 2023 with 35+ years senior management experience.
Richmond receives $12,500/month, 1M restricted shares, and warrants for 4M shares at $0.045 if $5M financing obtained.
Richmond also received $25,000 upfront for work performed in March and April 2023.

item 5.02 item 9.01

Executive movements

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Appointed (interim)

Tom Richmond

Interim Chief Executive Officer

BASA · BASANITE, INC.

Effective: 2023-04-06
Filed: April 12, 2023, 7:59 PM ET

On April 6, 2023, the Board of Directors, through a vote of Unanimous Written Consent engaged Mr. Tom Richmond, 64, to serve as the Interim Chief Executive Officer through August 31, 2023.

Departed

Michael V. Barbera

Acting Interim Chief Executive Officer

BASA · BASANITE, INC.

Effective: 2023-04-06
Successor: Tom Richmond
Filed: April 12, 2023, 7:59 PM ET

On April 6, 2023, Mr. Michael V. Barbera stepped down from the role of Acting Interim Chief Executive Officer of the Company to retire for personal reasons while remaining on the Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Tom Richmond was appointed as Interim Chief Executive Officer at BASANITE, INC..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

On April 6, 2023, the Board of Directors, through a vote of Unanimous Written Consent engaged Mr. Tom Richmond, 64, to serve as the Interim Chief Executive Officer through August 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael V. Barbera departed as Acting Interim Chief Executive Officer at BASANITE, INC..

Action: stepped down
Role: Acting Interim Chief Executive Officer

Exact text from the filing

On April 6, 2023, Mr. Michael V. Barbera stepped down from the role of Acting Interim Chief Executive Officer of the Company to retire for personal reasons while remaining on the Board of Directors.

View on SEC.gov

BASANITE, INC. filing history →

Source: SEC EDGAR

accession 0001553350-23-000259

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