---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-061972"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T16:32:45.455866+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Shareholders reject proposal to increase authorized shares from 25M to 75M at Safe & Green special meeting

## Summary
- Proposal to amend charter to increase authorized common shares to 75M and reduce preferred par value to $0.01 failed to pass.
- Vote: 6,117,825 for, 1,227,765 against, 3,155,007 abstentions; quorum was present with >1/3 of shares.
- As of June 9, 2023 record date, 15,935,009 shares outstanding; proposal required majority of votes cast (excluding abstentions) but not met.

## SEC filing metadata
- accession: 0001213900-23-061972
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390023061972/0001213900-23-061972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390023061972/ea182700-8k_safeandgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-061972
- JSON: https://secwatch.observer/filing/0001213900-23-061972.json
- Plain text: https://secwatch.observer/filing/0001213900-23-061972.txt

## Key facts
- Shareholder Votes
  OLENOX INDUSTRIES INC. shareholders rejected Increase in Number of Authorized Shares of Common Stock and Preferred Stock at the 2023-07-31 meeting.
  - Proposal: charter amendment
  - Outcome: failed
  - Meeting: 2023-07-31
  source text: Proposal 1. Increase in Number of Authorized Shares of Common Stock and Preferred Stock Proposal . The approval of an amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended, to increase the number of authorized shares of common stock, par value $0.01 per share, from 25,000,000 to 75,000,000 and decrease the par value of the authorized shares of preferred stock from $1.00 per share to $0.01 per share. Based on the tabulation of votes, Proposal 1 did not receive the requisite votes and did not pass. The results of the voting for this proposal were as follows: Votes For Votes Against Abstentions Broker Non-Votes 6,117,825 1,227,765 3,155,007 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390023061972/0001213900-23-061972-index.htm

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