Safe & Green Holdings appoints Patricia Kaelin as CFO; director Yaniv Blumenfeld resigns

OLENOX INDUSTRIES INC.

Director Yaniv Blumenfeld resigned from board effective April 28, 2023; will serve on subsidiary SG DevCo board and remain as non-voting board observer.
Patricia Kaelin appointed CFO effective May 2, 2023; terms include $250k base salary, 60,000-share restricted stock grant vesting over 18 months.
Kaelin brings 25+ years experience; previously CFO at Buddies Brand, 1933 Industries, Clifton Larson Allen.
Employment agreement also provides discretionary bonus up to 20% and severance for termination without cause after Sept 30.
CEO Paul Galvin cited Kaelin's capital markets experience as helpful for planned spinoff of SG DevCo later this year.

item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Yaniv Blumenfeld

Director

OLOX · OLENOX INDUSTRIES INC.

Effective: 2023-04-28
Filed: May 3, 2023, 7:59 PM ET

In connection with his appointment to the SGDevCo board of directors, Mr. Blumenfeld resigned, effective as of April 28, 2023, from his position as a member of the Company’s Board.

Appointed

Patricia Kaelin

Chief Financial Officer

OLOX · OLENOX INDUSTRIES INC.

Effective: 2023-05-01
Filed: May 3, 2023, 7:59 PM ET

On May 1, 2023, the Company appointed Patricia Kaelin as the Company’s Chief Financial Officer and entered into an employment agreement with Patricia Kaelin (the “Employment Agreement”) to employ Ms. Kaelin in such capacity for an initial term of two (2) years.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Yaniv Blumenfeld resigned as Director at OLENOX INDUSTRIES INC..

Action: resigned
Role: Director

Exact text from the filing

In connection with his appointment to the SGDevCo board of directors, Mr. Blumenfeld resigned, effective as of April 28, 2023, from his position as a member of the Company’s Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Patricia Kaelin was appointed as Chief Financial Officer at OLENOX INDUSTRIES INC..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On May 1, 2023, the Company appointed Patricia Kaelin as the Company’s Chief Financial Officer and entered into an employment agreement with Patricia Kaelin (the “Employment Agreement”) to employ Ms. Kaelin in such capacity for an initial term of two (2) years.

View on SEC.gov

OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-035724

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