Basanite, Inc. Reports Director/Officer Changes & Compensation
Ticker: BASA · Form: 8-K · Filed: Apr 23, 2025 · CIK: 1448705
Sentiment: neutral
Topics: management-change, officer-appointment, director-election, compensation
TL;DR
Basanite's board and execs are changing, with new compensation details filed.
AI Summary
Basanite, Inc. filed an 8-K on April 23, 2025, reporting events as of April 18, 2025. The filing pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. The company, previously known as PayMeOn, Inc., MMAX MEDIA, INC., and Nevada Processing Solutions, is incorporated in Nevada and based in Pompano Beach, Florida.
Why It Matters
Changes in a company's board of directors and executive officers, along with details on their compensation, can signal shifts in strategy or governance that may impact investors.
Risk Assessment
Risk Level: medium — Changes in key personnel and compensation can indicate internal shifts that may affect future performance or strategy.
Key Players & Entities
- BASANITE, INC. (company) — Registrant
- PayMeOn, Inc. (company) — Former Company Name
- MMAX MEDIA, INC. (company) — Former Company Name
- Nevada Processing Solutions (company) — Former Company Name
- 20250418 (date) — Earliest event date
- 20250423 (date) — Filing date
FAQ
What specific changes occurred regarding directors or officers?
The filing indicates the departure of directors or certain officers, the election of directors, and the appointment of certain officers.
When were the events reported in this 8-K effective?
The earliest event reported was as of April 18, 2025.
What is the filing date of this 8-K?
This 8-K was filed on April 23, 2025.
What are the previous names of Basanite, Inc.?
Basanite, Inc. was formerly known as PayMeOn, Inc., MMAX MEDIA, INC., and Nevada Processing Solutions.
What specific compensatory arrangements are detailed in this filing?
The filing mentions compensatory arrangements of certain officers.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on April 23, 2025 regarding BASANITE, INC. (BASA).