Mike Nelson
The reappointment follows Mike Nelson’s departure from the role of Chief Executive Officer
Highest-materiality recent filing
Basanite terminates auditor Hudgens CPA after discovering PCAOB withdrawal
Hudgens CPA withdrew from PCAOB and ceased operations as of Nov/Dec 2025 without notifying Basanite.
Basanite's Acting Interim CFO resigns; LoRicco stays as CEO and Chairman
Ronald LoRicco, Sr. resigned as Acting Interim CFO on October 15, 2025.
Basanite director and CTO Frederick Tingberg resigns effective August 15, 2025
Frederick Tingberg resigned from the Board of Directors and as Chief Technology Officer, effective August 15, 2025.
Basanite loses four board members including CFO; departures effective Aug 13-15
Andrew Acquarulo Jr. resigned as Director on Aug 13 due to personal/professional commitments.
Basanite reappoints Ronald LoRicco as Acting Interim CEO after Mike Nelson's departure
Ronald LoRicco returns as Acting Interim CEO effective April 18, 2025; previously held role from April to October 2024.
Basanite appoints Michael Dennis Nelson as CEO with deferred salary and 7M option grant
Mr. Nelson, 47, named CEO effective March 18, 2025; contract runs through April 1, 2028.
Basanite appoints Andrew Acquarulo Jr. to Board of Directors
Andrew Acquarulo Jr., age 62, appointed to Board of Directors effective March 17, 2025.
Basanite appoints Ali Manav as Interim CEO; grants 25M stock options at $0.0275
Ali Manav named Acting CEO through June 30, 2025; monthly fee $17,250 deferred until $1M raised.
Basanite receives OTCQB delisting notice for sub-$0.01 bid price
OTCQB notice on July 30, 2024: BASA's bid price below $0.01 for 30+ days, violating continued listing standards.
Basanite appoints Ronald LoRicco, Sr. as Acting Interim CEO
Ronald LoRicco, Sr., 59, appointed Acting Interim CEO on April 11, 2024.
Basanite interim CEO Thomas Richmond departs Dec 31, 2023; company begins CEO search
Thomas Richmond's engagement as acting Interim CEO ended Dec 31, 2023; no extension granted.
Basanite engages Tom Richmond as Interim CEO with $33,333/month and 4M options through Dec 2023
Tom Richmond appointed Interim CEO of Basanite, effective July 31, 2023, through December 31, 2023.
Basanite appoints Tom Richmond as Interim CEO; former CEO Barbera retires
Michael Barbera stepped down as Acting Interim CEO on April 6, 2023 to retire; remains on Board.
Basanite appoints Michael Giorgi as Interim Chief Growth Officer
Appointment effective April 6, 2023; Giorgi will lead business development and operational improvements.
Basanite appoints Hudgens CPA as new independent auditor for fiscal 2022
Hudgens CPA engaged as independent registered public accounting firm effective December 12, 2022.
CFO Lisa Gainsborg resigns; Jacqueline Placeres named CFO of Basanite, Inc.
Lisa Gainsborg resigned as CFO, Treasurer and Secretary effective Dec 15, 2022; leaves company Dec 9.
Basanite's auditor Cherry Bekaert resigns; company seeking new independent accounting firm
Cherry Bekaert LLP resigned as Basanite's independent auditor effective November 22, 2022, due to expiration of engagement.
CEO Simon Kay departs abruptly; Board names Michael V. Barbera as Acting Interim CEO
CEO Simon Kay terminated employment effective Nov 14, 2022, citing 'Good Reason' under his employment agreement and claiming unpaid wages.
Basanite Chairman Michael Barbara resigns; Ronald J. LoRicco, Sr. appointed as new Chairman
Michael Barbara resigned as Chairman on Sep 21, 2022 (personal reasons); remains on board.
Basanite appoints Lisa Gainsborg as CFO, grants 750,000 options
Appointed Lisa H. Gainsborg, CPA, as CFO, Treasurer and Secretary, effective August 17, 2022.
Basanite appoints Sergio S. Salani to board of directors
Sergio S. Salani joined the Basanite board on August 9, 2022.
Basanite grants Key Honey warrant for 2M shares at $0.33; appoints Fred Tingberg as CTO
Fred Tingberg Jr. retained as CTO via consulting agreement with Technicon Consulting Group, effective Feb 21, 2022.
Basanite leases $450k manufacturing machine from affiliate; purchase required at term end
Leased a BasaMax Tetrad basalt rebar pultrusion machine from affiliate First New Haven Mortgage Co.
Basanite appoints Simon R. Kay as CEO, President, and Acting Interim CFO
Simon R. Kay appointed CEO and President, effective March 25, 2022; also serves as Acting Interim CFO.
COO David L. Anderson resigns; company denies 'Good Reason' separation claim
David L. Anderson, EVP and COO, resigned effective February 24, 2022; company accepted resignation immediately.
Basanite raises $600,000 in private placement of units at $0.33/unit; up to $5M total
Initial closings on Jan 28 and Feb 3, 2022 raised $600,000 through sale of 1,818,182 units.
Basanite enters transition agreement with interim CEO Kay; search for permanent CEO begins
Simon Kay will step down as Acting Interim CFO; continues as Acting Interim CEO and President during transition period (ends by June 30, 2022).
Basanite enters exclusive supply and distribution agreements; appoints two directors
Exclusive Supplier Agreement with CPPB to supply basalt fiber and BFRP products for concrete.
Basanite closes private placement raising $5.33M gross; issues 19.4M shares and warrants
Closed private placement of units at $0.275 each to 17 accredited investors, raising ~$5.33M gross.
Two directors resign from Basanite Board effective June 30, 2021
Gregory D. Cline and Kelly Paterson resigned as directors and from the Audit and Compensation Committee.
The reappointment follows Mike Nelson’s departure from the role of Chief Executive Officer
On April 18, 2025 the Board of Directors of Basanite, Inc. (the “Company”) approved the reappointment of Ronald LoRicco, Sr. as the Company’s Acting Interim Chief Executive Officer, effective immediately.
On March 18, 2025, Michael Dennis Nelson agreed to become the Chief Executive Officer of Basanite, Inc. (the “Company”) through April 1, 2028.
On March 17, 2025, the Board of Directors, through a vote of its Chairman and Directors appointed Mr. Andrew Acquarulo, Jr., 62, to serve a member of its Board of Directors.
On October 2, 2024, Ali Manav agreed to become the Acting Chief Executive Officer of Basanite, Inc. (the “Company”) through June 30, 2025.
On April 11, 2024, the Board of Directors, through a vote of Unanimous Written Consent appointed Mr. Ronald LoRicco, Sr, 59, to serve as the Acting Interim Chief Executive Officer.
On July 31, 2023, Basanite, Inc. (the “Company”) entered into an engagement letter with Thomas Richmond to join our Company as acting Interim Chief Executive Officer and as an independent contractor until December 31, 2023. As the engagement letter has not been extended by the Company, Mr. Richmond’s services with Basanite have terminated and he is no longer affiliated with the Company.
On July 31 st , 2023 the Board of Directors, conferred and elected to offer Mr. Richmond an engagement agreement wherein the Company will compensate him at a monthly rate of $33,333 and we issued him non-statutory stock Options to purchase a total of four (4) million shares common stock over a term of five years at the price of $0.045 per share.
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.
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.
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.
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.
Max materiality 0.85 · Median 0.55 · Most common event leadership