secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001013762-23-006638
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000101376223006638/0001013762-23-006638-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000101376223006638/ea187247-8k_safeandgreen.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-006638

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