---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-082238"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2022-12-22T23:59:59+00:00"
generated_at: "2026-06-20T23:48:38.513076+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Safe & Green director resigns, loses independent majority; Hawkins appointed to cure non-compliance

## Summary
- Joseph Safina resigned from SGBX Board effective Dec 20, 2022; no disagreement cited.
- Resignation caused loss of independent director majority and Audit Committee below three members, violating Nasdaq rules.
- On Dec 22, 2022, Shafron E. Hawkins appointed to Board, Audit Committee, and Compensation Committee, restoring compliance.
- Hawkins has background in public policy, Opportunity Zones; will receive $80k annual fee plus $80k RSU grant.

## SEC filing metadata
- accession: 0001213900-22-082238
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2022-12-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390022082238/0001213900-22-082238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390022082238/ea170758-8k_safegreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-082238
- JSON: https://secwatch.observer/filing/0001213900-22-082238.json
- Plain text: https://secwatch.observer/filing/0001213900-22-082238.txt

## Key facts
- Listing & Compliance Notices
  OLENOX INDUSTRIES INC. received a nasdaq compliance regained notice regarding audit committee (rules 5605(c)(2)(A)).
  - Exchange: nasdaq
  - Notice: compliance regained
  - Deficiency: audit committee
  - Rules: 5605(c)(2)(A)
  source text: December 22, 2022, with the appointment of Shafron E. Hawkins to the Board and to the Audit Committee and Compensation Committee of the Board, the Company regained compliance with NASDAQ Marketplace Rule 5605(b)(1) and NASDAQ Marketplace Rule 5605(c)(2)(A).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390022082238/0001213900-22-082238-index.htm
- Listing & Compliance Notices
  OLENOX INDUSTRIES INC. received a nasdaq compliance regained notice regarding board independence (rules 5605(b)(1)).
  - Exchange: nasdaq
  - Notice: compliance regained
  - Deficiency: board independence
  - Rules: 5605(b)(1)
  source text: December 22, 2022, with the appointment of Shafron E. Hawkins to the Board and to the Audit Committee and Compensation Committee of the Board, the Company regained compliance with NASDAQ Marketplace Rule 5605(b)(1) and NASDAQ Marketplace Rule 5605(c)(2)(A).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390022082238/0001213900-22-082238-index.htm
- Executive change
  Shafron E. Hawkins was appointed as Director at OLENOX INDUSTRIES INC..
  - Action: appointed
  - Role: Director
  source text: On December 5, 2022, the Board appointed Shafron E. Hawkins to serve as a director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390022082238/0001213900-22-082238-index.htm
- Executive change
  Joseph Safina resigned as Director at OLENOX INDUSTRIES INC..
  - Action: resigned
  - Role: Director
  source text: The information regarding Mr. Safina’s resignation contained in Item 3.01 is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390022082238/0001213900-22-082238-index.htm

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