Basanite, Inc. Reports Director and Officer Changes
Ticker: BASA · Form: 8-K · Filed: Oct 16, 2025 · CIK: 1448705
Sentiment: neutral
Topics: management-change, governance
TL;DR
Basanite leadership shakeup announced, expect changes.
AI Summary
Basanite, Inc. filed an 8-K on October 16, 2025, reporting changes related to its board of directors and officers, as well as compensatory arrangements. The filing indicates a shift in the company's leadership structure and potential adjustments to executive compensation.
Why It Matters
Changes in a company's board and executive team can signal strategic shifts or governance adjustments that may impact future performance and investor confidence.
Risk Assessment
Risk Level: medium — Changes in directors and officers can introduce uncertainty regarding future strategy and execution.
Key Players & Entities
- Basanite, Inc. (company) — Registrant
- Nevada (jurisdiction) — State of incorporation
- October 16, 2025 (date) — Report date
- October 15, 2025 (date) — Earliest event date
FAQ
What specific changes were made to the board of directors or officers?
The filing indicates changes related to the departure of directors, election of directors, appointment of officers, and compensatory arrangements, but the specific names and details of these changes are not provided in the excerpt.
When were these changes effective?
The earliest event reported was on October 15, 2025, and the report was filed on October 16, 2025.
What is Basanite, Inc.'s state of incorporation?
Basanite, Inc. is incorporated in Nevada.
What is the company's SIC code?
The Standard Industrial Classification code for Basanite, Inc. is 3990, which falls under Miscellaneous Manufacturing Industries.
What other items are covered in this 8-K filing?
Besides director and officer changes, the filing also covers compensatory arrangements of certain officers.
Filing Stats: 395 words · 2 min read · ~1 pages · Grade level 11.6 · Accepted 2025-10-16 16:23:03
Filing Documents
- basa_8k.htm (8-K) — 18KB
- 0001079973-25-001617.txt ( ) — 172KB
- basa-20251015.xsd (EX-101.SCH) — 3KB
- basa-20251015_lab.xml (EX-101.LAB) — 33KB
- basa-20251015_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 On October 15, 2025, Ronald LoRicco, Sr. remitted his resignation as the Acting Interim Chief Financial Officer notifying the Board and Management of his departure from the role. Mr. LoRicco remains the Acting Interim Chief Executive Officer and the Chairman of the Board of Directors.
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: October 16, 2025 BASANITE, INC. By: /s/ Ronald LoRicco, Sr. Name: Ronald LoRicco, Sr. Title: Acting Interim Chief Executive Officer