---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-037250"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:20:19.118618+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Safe & Green receives Nasdaq delisting notice for late filing; director resigns over audit dispute

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-037250
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390024037250/0001213900-24-037250-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390024037250/ea0204912-8k_safegreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-037250
- JSON: https://secwatch.observer/filing/0001213900-24-037250.json
- Plain text: https://secwatch.observer/filing/0001213900-24-037250.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390024037250/0001213900-24-037250-index.htm
- Executive change
  Christopher Melton resigned as Director at OLENOX INDUSTRIES INC..
  - Action: resigned
  - Role: Director
  source text: from Christopher Melton pursuant to which he resigned as a member of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390024037250/0001213900-24-037250-index.htm
- Executive change
  Christopher Melton was appointed as Director at OLENOX INDUSTRIES INC..
  - Action: appointed
  - Role: Director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023994/000121390024037250/0001213900-24-037250-index.htm

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