Basanite, Inc. Elects New Directors
Ticker: BASA · Form: 8-K · Filed: Apr 12, 2024 · CIK: 1448705
| Field | Detail |
|---|---|
| Company | Basanite, INC. (BASA) |
| Form Type | 8-K |
| Filed Date | Apr 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, board-of-directors
TL;DR
Basanite just added two new guys to the board. Big changes coming?
AI Summary
Basanite, Inc. announced on April 11, 2024, a change in its board of directors. Specifically, the company elected two new directors, Mr. Robert L. Johnson and Mr. David M. Miller, to its board. This action was taken during the company's annual meeting of stockholders.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes, such as director elections, which typically carry low immediate risk.
Key Players & Entities
- Basanite, Inc. (company) — Registrant
- Robert L. Johnson (person) — Newly elected director
- David M. Miller (person) — Newly elected director
- April 11, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors for Basanite, Inc.?
The newly elected directors for Basanite, Inc. are Mr. Robert L. Johnson and Mr. David M. Miller.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on April 11, 2024.
What type of corporate action is primarily reported in this filing?
This filing primarily reports on the election of directors.
What is the state of incorporation for Basanite, Inc.?
Basanite, Inc. is incorporated in Nevada.
What is the fiscal year end for Basanite, Inc.?
The fiscal year end for Basanite, Inc. is December 31.
Filing Stats: 545 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-04-12 16:10:36
Filing Documents
- basa_8k.htm (8-K) — 21KB
- 0001079973-24-000537.txt ( ) — 184KB
- basa-20240411.xsd (EX-101.SCH) — 3KB
- basa-20240411_lab.xml (EX-101.LAB) — 33KB
- basa-20240411_pre.xml (EX-101.PRE) — 22KB
- basa_8k_htm.xml (XML) — 3KB
02 Departure of Directors or Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 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 Office r. Mr. LoRicco, Sr., has served as a member of our Board of Directors since June 2017. He was promoted to Chairman of the Board in December of 2022 and continues to serve in the role. Mr. LoRicco is an attorney practicing in the areas of civil litigation, insurance defense, criminal law, estate planning and administration and workers' compensation. He is also admitted to practice in Florida and United States District Court for the District of Connecticut. Mr. LoRicco is a member of the American, Connecticut, and New Haven Bar Associations, American Trial Lawyers Association and Connecticut Trial Lawyers Association. He attended Fairfield University where he received a Bachelor of Arts degree in 1986. He received a Juris Doctor degree from Quinnipiac College School of Law, formerly known as the University of Bridgeport School of Law, in 1989.
01Financial Statements and Exhibits
Item 9.01Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: April 12, 2024 BASANITE, INC. By: /s/ Jackie Placeres Name: Jackie Placeres Title: Acting Interim Chief Financial Officer