secwatch.observer — SEC 8-K summary
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Issuer:     BASANITE, INC. (BASA)
CIK:        0001448705
Form:       8-K
Filed at:   2023-04-12T23:59:59+00:00
Accession:  0001553350-23-000259
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1448705/000155335023000259/0001553350-23-000259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1448705/000155335023000259/basa_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-23-000259

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