Basanite, Inc. Reports Board and Officer Changes
Ticker: BASA · Form: 8-K · Filed: Aug 15, 2025 · CIK: 1448705
Sentiment: neutral
Topics: management-change, board-of-directors, officer-compensation
TL;DR
Board shakeup at Basanite, Inc. - new directors in, some out. Check the details.
AI Summary
Basanite, Inc. filed an 8-K on August 15, 2025, reporting changes related to its board of directors and officers, including the departure of certain individuals and the election of new directors. The filing also addresses compensatory arrangements for its officers. The report covers events occurring on August 13, 2025.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and officer compensation can introduce uncertainty regarding future strategy and financial stability.
Key Players & Entities
- Basanite, Inc. (company) — Registrant
- August 15, 2025 (date) — Filing Date
- August 13, 2025 (date) — Earliest Event Date
- Nevada (jurisdiction) — State of Incorporation
- 20-4959207 (ein) — IRS Employer Identification Number
FAQ
What specific changes were made to Basanite, Inc.'s board of directors?
The 8-K filing indicates the departure of certain directors and the election of new directors, though specific names are not detailed in the provided excerpt.
Were there any changes to Basanite, Inc.'s executive officers?
Yes, the filing mentions changes related to 'Certain Officers,' implying potential appointments or departures, but specific details are not in the excerpt.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on August 13, 2025.
What is the filing date of this 8-K report for Basanite, Inc.?
This 8-K report for Basanite, Inc. was filed on August 15, 2025.
What is Basanite, Inc.'s state of incorporation and IRS Employer Identification Number?
Basanite, Inc. is incorporated in Nevada and its IRS Employer Identification Number is 20-4959207.
Filing Stats: 516 words · 2 min read · ~2 pages · Grade level 12.9 · Accepted 2025-08-15 13:12:41
Filing Documents
- basa_8k.htm (8-K) — 19KB
- 0001079973-25-001333.txt ( ) — 173KB
- basa-20250813.xsd (EX-101.SCH) — 3KB
- basa-20250813_lab.xml (EX-101.LAB) — 33KB
- basa-20250813_pre.xml (EX-101.PRE) — 22KB
- basa_8k_htm.xml (XML) — 3KB
02 Departure of directors or certain officers; election
Item 5.02 Departure of directors or certain officers; election of directors; appointment of certain officers; compensatory arrangements of certain officers Departure of Directors On August 13, 2025, Andrew Acquarulo, Jr. remitted his resignation to the Chairman and Board of Directors from his role as Director. Mr. Acquarulo resigned due to time investments in personal and professional matters that make him unable to attend to the duties and responsibilities as a Director on the Company's Board. On August 14, 2025, Paul Sallarulo remitted his resignation to the Chairman of the Board of Directors and the Acting Interim Chief Financial Officer notifying the Board and Management of his retirement from Basanite's Board. On August 14, 2025, Sergio Salani remitted his resignation to the Chairman of the Board of Directors and the Acting Interim Chief Financial Officer notifying the Board and Management of his retirement from Basanite's Board. On August 15, 2025, Jackie Placeres remitted her resignation to the Chairman of the Board of Directors and Directors notifying the Board and Management of her departure from the Company. Her resignation is effective as of end of business day August 15, 2025.
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: August 15, 2025 BASANITE, INC. By: /s/ Jackie Placeres Name: Jackie Placeres Title: Acting Interim Chief Financial Officer