---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-027956"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2022-05-18T23:59:59+00:00"
generated_at: "2026-06-25T09:42:37.214716+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# SG Blocks terminates interim CFO Sheeran, appoints CEO Galvin as interim CFO

## Summary
- Gerald Sheeran terminated as interim CFO effective May 12, 2022.
- Paul Galvin, current CEO and Chairman, appointed interim CFO on May 18, 2022.
- Galvin's employment agreement provides $400K base salary and bonus up to 50% of base upon $2M EBITDA.
- Galvin also assigned a $100K promissory note from CPF GP to the company in January 2022.

## SEC filing metadata
- accession: 0001213900-22-027956
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2022-05-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390022027956/0001213900-22-027956-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390022027956/ea160265-8k_sgblocks.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-027956
- JSON: https://secwatch.observer/filing/0001213900-22-027956.json
- Plain text: https://secwatch.observer/filing/0001213900-22-027956.txt

## Key facts
- Executive change
  Paul Galvin was appointed as Interim Chief Financial Officer at OLENOX INDUSTRIES INC..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: on May 18, 2022, the board of directors of SG Blocks, Inc. (the “Company”) appointed Paul Galvin as Interim Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390022027956/0001213900-22-027956-index.htm
- Executive change
  Gerald Sheeran was terminated as Interim Chief Financial Officer at OLENOX INDUSTRIES INC..
  - Action: terminated
  - Role: Interim Chief Financial Officer
  source text: On May 12, 2022, Gerald Sheeran was terminated as Interim Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390022027956/0001213900-22-027956-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.