OLENOX INDUSTRIES INC. (OLOX): Nasdaq/NYSE listing notice — Safe & Green receives Nasdaq delisting notice for late filing; director resigns over audit dispute

OLENOX INDUSTRIES INC.

Nasdaq notified SGBX on Apr 19 it failed to timely file periodic reports under Listing Rule 5250(c)(1).
Company has until June 18, 2024 to submit a plan to regain compliance; extension possible until Oct 14, 2024.
Director Christopher Melton resigned Apr 17 due to disagreement with the company's 2023 audit practices.
Board reappointed Melton on Apr 23 as independent director and Audit Committee chair.
Melton will receive pro-rata cash retainer ($80K/yr) and RSUs ($80K/yr) under non-employee director program.

item 3.01 item 5.02 item 9.01

Executive movements

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Departed

Christopher Melton

Director

OLOX · OLENOX INDUSTRIES INC.

Effective: 2024-04-17
Filed: April 29, 2024, 7:59 PM ET

from Christopher Melton pursuant to which he resigned as a member of the Board, effective immediately.

Appointed

Christopher Melton

Director

OLOX · OLENOX INDUSTRIES INC.

Effective: 2024-04-23
Filed: April 29, 2024, 7:59 PM ET

on April 23, 2024, the Board appointed Mr. Melton to fill the vacancy that his resignation had created and to serve as an independent member of the Board

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

OLENOX INDUSTRIES INC. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

April 19, 2024, Safe & Green Holdings Corp. (the “Company”) received a delinquency letter (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the continued listing requirements set forth in Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires timely filing of periodic reports with the Securities and Exchange Commission (the “SEC”) for continued listing. Nasdaq rules require public announcement to disclose the Company’s receipt of the Notice within four business days of receipt. In accordance with Nasdaq rules, the Company ha

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Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Melton resigned as Director at OLENOX INDUSTRIES INC..

Action: resigned
Role: Director

Exact text from the filing

from Christopher Melton pursuant to which he resigned as a member of the Board, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Melton was appointed as Director at OLENOX INDUSTRIES INC..

Action: appointed
Role: Director

Exact text from the filing

on April 23, 2024, the Board appointed Mr. Melton to fill the vacancy that his resignation had created and to serve as an independent member of the Board

View on SEC.gov

20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-037250

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