secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2021-10-01T23:59:59+00:00
Accession:  0001213900-21-050958
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SG Blocks appoints William Rogers as COO and Gerald Sheeran as Acting CFO
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- William Rogers named COO; employment agreement provides $300K base salary, 25% bonus, and 237,500 restricted stock shares (37,500 immediate vest, 200,000 monthly over 2 years).
- Gerald Sheeran named Acting CFO and Controller; agreement provides $225K base salary, 25% bonus, $500/month car allowance, and 100,000 restricted stock shares vesting quarterly over 2 years.
- Both agreements have 2-year initial terms, one-year non-compete/non-solicit, and severance equal to one year's salary and benefits for termination without cause.
- Rogers will work from NYC headquarters; Sheeran will work from Texas office.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390021050958/0001213900-21-050958-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390021050958/ea148195-8k_sgblocks.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-050958

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