---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-082507"
form_type: "8-K/A"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2022-12-23T23:59:59+00:00"
generated_at: "2026-06-20T23:13:28.394310+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Safe & Green appoints Shafron Hawkins to board, regains Nasdaq compliance after director gap

## Summary
- Director Joseph Safina resigned effective Dec 20, causing temporary non-compliance with Nasdaq independence rules.
- Safe & Green appointed Shafron E. Hawkins to Board and Audit/Comp Committees on Dec 22, restoring compliance.
- Hawkins brings experience as President of Opportunity Funds Association and former Senate tax/trade counsel.
- Hawkins will receive $80K annual fee and $80K RSU grant (vesting one year) for board service.

## SEC filing metadata
- accession: 0001213900-22-082507
- form_type: 8-K/A
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2022-12-23T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390022082507/0001213900-22-082507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390022082507/ea170828-8ka1_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-082507
- JSON: https://secwatch.observer/filing/0001213900-22-082507.json
- Plain text: https://secwatch.observer/filing/0001213900-22-082507.txt

## Key facts
- Listing & Compliance Notices
  OLENOX INDUSTRIES INC. received a nasdaq compliance regained notice regarding audit committee (rules 5605(b)(1), 5605(c)(2)(A)).
  - Exchange: nasdaq
  - Notice: compliance regained
  - Deficiency: audit committee
  - Rules: 5605(b)(1), 5605(c)(2)(A)
  source text: of the Company and also served as a member of the Audit Committee and Compensation Committee of the Board. After giving effect to Mr. Safina’s resignation, on December 20, 2022 the Company’s Board of Directors no longer had a majority of independent directors as required by NASDAQ Marketplace Rule 5605(b)(1) and the audit committee of the Board no longer had three members as required by NASDAQ Marketplace Rule 5605(c)(2)(A). The Company informed NASDAQ of the foregoing on December 21, 2022. On December 22, 2022, with the appointment of Shafron E. Hawkins to the Board and to the Audit Committe
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390022082507/0001213900-22-082507-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/1023994/000121390022082507/0001213900-22-082507-index.htm
- Executive change
  Shafron E. Hawkins was appointed as Director at OLENOX INDUSTRIES INC..
  - Action: appointed
  - Role: Director
  source text: On December 22, 2022, the Board appointed Shafron E. Hawkins to serve as a director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390022082507/0001213900-22-082507-index.htm

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