Basanite Inc.
08/15/2025 | Press release | Distributed by Public on 08/15/2025 11:13
Management Change/Compensation (Form 8-K)
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.
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