---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-035724"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-15T23:56:05.451978+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-035724
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390023035724/0001213900-23-035724-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390023035724/ea177871-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-035724
- JSON: https://secwatch.observer/filing/0001213900-23-035724.json
- Plain text: https://secwatch.observer/filing/0001213900-23-035724.txt

## Key facts
- Executive change
  Yaniv Blumenfeld resigned as Director at OLENOX INDUSTRIES INC..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023035724/0001213900-23-035724-index.htm
- Executive change
  Patricia Kaelin was appointed as Chief Financial Officer at OLENOX INDUSTRIES INC..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023035724/0001213900-23-035724-index.htm

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