secwatch.observer — SEC 8-K summary
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Issuer:     OLENOX INDUSTRIES INC. (OLOX)
CIK:        0001023994
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001213900-24-037250
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023994/000121390024037250/0001213900-24-037250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023994/000121390024037250/ea0204912-8k_safegreen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-037250

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