Basanite, Inc. announced Michael Barbara was resigning his position as Chairman of the Board of the Company but would remain as a member of the Board. Also, on September 21, 2022, the Board appointed Ronald J. LoRicco, Sr. (an existing member of the Board) as the new Chairman of the Board and approved a reconstitution of the Audit, Compensation and Nominating and Corporate Governance Committees of the Board. As a result, the current members of each Board committee are as follows: Audit Committee Ronald J. LoRicco, Sr. Sergio S. Salani Paul M. Sallarulo Committee Members Compensation Committee Adam Falkoff Manuel A. Rodriguez Paul M. Sallarulo Committee Members Nominating and Corporate Governance Committee Michael Barbara Adam Falkoff Sergio S. Salani Committee Members.