---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-23-000259"
form_type: "8-K"
ticker: "BASA"
cik: "0001448705"
company_name: "BASANITE, INC."
filed_at: "2023-04-12T23:59:59+00:00"
generated_at: "2026-06-17T03:01:54.480691+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001553350-23-000259
- form_type: 8-K
- ticker: BASA
- cik: 0001448705
- company_name: BASANITE, INC.
- filed_at: 2023-04-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1448705/000155335023000259/0001553350-23-000259-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1448705/000155335023000259/basa_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-23-000259
- JSON: https://secwatch.observer/filing/0001553350-23-000259.json
- Plain text: https://secwatch.observer/filing/0001553350-23-000259.txt

## Key facts
- Executive change
  Tom Richmond was appointed as Interim Chief Executive Officer at BASANITE, INC..
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1448705/000155335023000259/0001553350-23-000259-index.htm
- Executive change
  Michael V. Barbera departed as Acting Interim Chief Executive Officer at BASANITE, INC..
  - Action: stepped down
  - Role: Acting Interim Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1448705/000155335023000259/0001553350-23-000259-index.htm

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