secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2022-05-18T23:59:59+00:00
Accession:  0001213900-22-027956
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SG Blocks terminates interim CFO Sheeran, appoints CEO Galvin as interim CFO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390022027956/0001213900-22-027956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390022027956/ea160265-8k_sgblocks.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-027956

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer