8-K
BASANITE, INC. (BASA)
UNITED STATESSECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April23, 2025 (April 18, 2025)
Basanite, Inc.
(Exact name of registrant as specified in its charter)
| Nevada | 000-53574 | 20-4959207 |
|---|---|---|
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S EmployerIdentification No.) |
2660NW 15th Court, PompanoBeach, Florida 33069
(Address of principal executive offices) (ZipCode)
954-532-4653
(Registrant’s telephone number, includingarea code)
N/A
(Former name or former address, if changedsince last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of directors or certain officers; electionof directors; appointment of certain officers; compensatory arrangements of certain officers
Appointment 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.
Mr. LoRicco previously served as Acting Interim Chief Executive Officer of the Company from April 12, 2024 through October 1, 2024, during which time he led multiple strategic and operational initiatives. His return to the role reflects the Board’s confidence in his leadership and vision for the Company’s growth and provides continuity while the Company engages in a search for a new Chief Executive Offer.
The reappointment follows Mike Nelson’s departure from the role of Chief Executive Officer and reflects the Company’s ongoing focus on strategic continuity and execution.
There are no arrangements or understandings between Mr. LoRicco and any other person pursuant to which he was selected as Acting Interim Chief Executive Officer. Mr. LoRicco has no family relationships with any director or executive officer of the Company and has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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 23, 2025 | BASANITE, INC. | |
|---|---|---|
| By: | /s/ Jackie Placeres | |
| Name: Jackie Placeres | ||
| Title: Acting Interim Chief Financial Officer |