Basanite announces interim CFO resignation; LoRicco remains CEO/Chairman

Rhea-AI Filing Summary

Basanite, Inc. reported that on October 15, 2025, Ronald LoRicco, Sr. resigned from his role as Acting Interim Chief Financial Officer. He continues to serve as Acting Interim Chief Executive Officer and Chairman of the Board. The update reflects a change in finance leadership while maintaining continuity at the top executive and board levels.

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UNITED STATES
SECURITIES 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): October 16, 2025 (October 15, 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 Employer Identification No.)

20 Thompson Road, Branford, CT 06405

(Address of principal executive offices) (Zip Code)

888-501-1176

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since 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))

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; 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

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

FAQ

What leadership change did Basanite (BASA) disclose?

Ronald LoRicco, Sr. resigned as Acting Interim Chief Financial Officer.

Who remains CEO and Chairman at Basanite (BASA)?

Ronald LoRicco, Sr. remains the Acting Interim Chief Executive Officer and Chairman of the Board.

What is the effective date of the CFO resignation at Basanite (BASA)?

The resignation occurred on October 15, 2025.

What SEC form did Basanite (BASA) file for this update?

A Form 8-K under Item 5.02 (departure and appointment of certain officers).

Does the filing mention any change to Ronald LoRicco, Sr.’s CEO role at Basanite (BASA)?

No change; he remains Acting Interim Chief Executive Officer.