---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-008455"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-19T23:42:20.207325+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001213900-23-008455
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390023008455/0001213900-23-008455-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390023008455/ea172827-8k_safegreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-008455
- JSON: https://secwatch.observer/filing/0001213900-23-008455.json
- Plain text: https://secwatch.observer/filing/0001213900-23-008455.txt

## Key facts
- Executive change
  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
  source text: appointed David Villarreal as the Company’s President and Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023008455/0001213900-23-008455-index.htm

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