8-K
filed December 11, 2023, 6:59 PM ET
ticker OLOX
CIK 0001023994
other material
confidence high
sentiment neutral
materiality 0.60
Safe & Green shareholders approve reverse stock split and 2023 Subsidiaries Equity Incentive Plan
OLENOX INDUSTRIES INC.
- Shareholders approved a reverse stock split at a ratio between 1-for-10 and 1-for-20, with exact ratio to be set by the Board.
- Adoption of 2023 Subsidiaries Equity Incentive Plan approved, reserving 20% of each subsidiary's outstanding equity for awards.
- Seven directors re-elected: Paul Galvin, David Villarreal, Christopher Melton, Shafron Hawkins, Vanessa Villaverde, Jill Anderson, Thomas Meharey.
- Ratified Whitley Penn LLP as independent registered public accounting firm for fiscal year 2023.
- Advisory say-on-pay proposal passed with 6,547,033 votes for, 723,357 against, 46,336 abstentions.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
OLENOX INDUSTRIES INC. shareholders approved Ratification of Whitley Penn LLP as the Company's independent registered public accounting firm for the year ended December 31, 2023 at the 2023-12-06 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-12-06
Exact text from the filing
Proposal No. 2 The stockholders ratified and approved the appointment of Whitley Penn LLP as the Company's independent registered public accounting firm for the year ended December 31, 2023 based on the votes set forth below: For Against Abstain Broker Non-Votes 10,145,576 351,138 26,671 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
OLENOX INDUSTRIES INC. shareholders approved Approval of the adjournment of the 2023 Annual Meeting if necessary to solicit additional proxies (not needed as Proposals 4 and 5 passed) at the 2023-12-06 meeting.
- Outcome
- passed
- Meeting
- 2023-12-06
Exact text from the filing
Proposal No. 6 The stockholders approved the adjournment of the 2023 Annual Meeting, based on the votes set forth below; however, an adjournment was not needed as Proposals 4 and 5 received a sufficient number of votes for approval. The results of the voting for this proposal were as follows: For Against Abstain Broker Non-Votes 9,201,983 1,303,106 18,296 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
OLENOX INDUSTRIES INC. shareholders approved Advisory vote on the compensation of the Company's named executive officers (say-on-pay) at the 2023-12-06 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-12-06
Exact text from the filing
Proposal No. 3 The stockholders approved, on an advisory, non-binding basis, the compensation of the Company's named executive officers ("say-on-pay"), as disclosed in the Definitive Proxy Statement. The results of the voting for this proposal were as follows: For Against Abstain Broker Non-Votes 6,547,033 723,357 46,336 3,206,661
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
OLENOX INDUSTRIES INC. shareholders approved Adoption of the 2023 Subsidiaries Equity Incentive Plan at the 2023-12-06 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-12-06
Exact text from the filing
Proposal No. 5 The stockholders approved the adoption of the 2023 Subsidiaries Equity Incentive Plan. The results of the voting for this proposal were as follows: For Against Abstain Broker Non-Votes 6,393,690 885,346 37,690 3,206,661
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
OLENOX INDUSTRIES INC. shareholders approved Approval of an amendment to the Certificate of Incorporation to effect a reverse stock split at a ratio in the range of 1-for-10 to 1-for-20 at the 2023-12-06 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-12-06
Exact text from the filing
Proposal No. 4 The stockholders approved an amendment to the Company's Certificate of Incorporation, at a ratio of 1-for-10 to 1-for-20 (the "Range"), with the ratio within such Range to be determined at the discretion of the Board and included in a public announcement. The results of the voting for this proposal were as follows: For Against Abstain Broker Non-Votes 9,147,943 1,361,482 13,962 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
OLENOX INDUSTRIES INC. shareholders approved Election of seven directors to serve a one-year term expiring at the 2024 Annual Meeting at the 2023-12-06 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-12-06
Exact text from the filing
Proposal No. 1 The following seven (7) individuals were re-elected as directors, each to serve a one year term expiring at the 2024 Annual Meeting of Stockholders and until such director's successor is duly elected and qualified with the following votes: For Withheld Broker Non-Votes Paul M. Galvin 6,870,729 445,997 3,206,661 David Villarreal 6,924,207 392,519 3,206,661 Christopher Melton 6,448,532 868,194 3,206,661 Shafron Hawkins 6,663,884 652,842 3,206,661 Vanessa Villaverde 6,913,397 403,329 3,206,661 Jill Anderson 6,977,703 339,023 3,206,661 Thomas Meharey 6,919,562 397,164 3,206,661
View on SEC.gov
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