COO William Rogers departs role, becomes Project Development Advisor under settlement agreement

OLENOX INDUSTRIES INC.

Settlement payment of $75,000 for lost vacation, life insurance, and related costs through Dec 31, 2023.
Employment agreement extended through Dec 31, 2023; title changes from COO to Project Development Advisor, reporting to David Villarreal.
Non-compete extended through Dec 31, 2023; mutual release of claims; non-disparagement clause.
Consulting agreement with Safe and Green Development Corp. from Jan 1, 2024: $15,000/month + $250/hour over 60 hours; COBRA, RSU eligibility.
Executive eligible for RSU grants under subsidiary's stock incentive plan, subject to board approval.

item 5.02 item 9.01

Executive movements

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Role change

William Rogers

Project Development Advisor

OLOX · OLENOX INDUSTRIES INC.

Effective: 2023-10-20
Filed: October 25, 2023, 7:59 PM ET

the parties agreed that Mr. Rogers’ title under the Employment Agreement will change from COO to Project Development Advisor

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

William Rogers changed role as Project Development Advisor at OLENOX INDUSTRIES INC..

Action: changed
Role: Project Development Advisor

Exact text from the filing

the parties agreed that Mr. Rogers’ title under the Employment Agreement will change from COO to Project Development Advisor

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Source: SEC EDGAR

accession 0001013762-23-006638

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