Safe & Green Holdings appoints David Villarreal as CEO of subsidiary Safe and Green Development Corp.

OLENOX INDUSTRIES INC.

Appointed David Villarreal as President & CEO of Safe and Green Development Corp., effective Feb 6, 2023.
Employment agreement: 2-year initial term, $300,000 annual base salary, discretionary bonus up to 25% of base.
Grant of 650,000 restricted shares of DevCorp common stock; 50% vests upon issuance, balance quarterly over 18 months.
Spin-off of 30% of DevCorp intended to focus on core competency and unlock shareholder value (previously announced).

item 5.02 item 8.01 item 9.01

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Appointed

David Villarreal

President and Chief Executive Officer

OLOX · OLENOX INDUSTRIES INC.

Effective: 2023-02-03
Filed: February 6, 2023, 6:59 PM ET

appointed David Villarreal as the Company’s President and Chief Executive Officer

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Executive change SEC 8-K Item 5.02 confidence 1.0

David Villarreal was appointed as President and Chief Executive Officer at OLENOX INDUSTRIES INC..

Action: Appointed as President and CEO
Role: President and Chief Executive Officer

Exact text from the filing

appointed David Villarreal as the Company’s President and Chief Executive Officer

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Source: SEC EDGAR

accession 0001213900-23-008455

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