Safe & Green Holdings appoints Michael McLaren as CEO and director, effective January 3, 2025

OLENOX INDUSTRIES INC.

Michael McLaren appointed CEO and director of Safe & Green Holdings effective Jan 3, 2025; employment term 2 years starting Jan 6, 2025.
Base salary $250k, rising to $400k upon capital event that cures Nasdaq stockholders' equity deficiency.
Signing bonus of $50k payable within 30 days; eligible for long-term incentive bonus of 2-4 times base salary (board approval).
McLaren brings 30+ years energy industry experience; also appointed as director until 2025 annual meeting.
No family relationships with directors/officers; subject to one-year non-compete and non-solicit.

item 5.02 item 9.01

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Appointed

Michael McLaren

director

OLOX · OLENOX INDUSTRIES INC.

Effective: 2025-01-03
Filed: January 7, 2025, 6:59 PM ET

On January 3, 2025, the Board of Directors (the “Board”) appointed Michael McLaren as a director of the Company.

Appointed

Michael McLaren

Chief Executive Officer

OLOX · OLENOX INDUSTRIES INC.

Effective: 2025-01-03
Filed: January 7, 2025, 6:59 PM ET

On January 3, 2025, the Board of Directors (the “Board”) of Safe & Green Holdings Corp (the “Company”) approved the appointment of Michael McLaren as the Company’s Chief Executive Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael McLaren was appointed as director at OLENOX INDUSTRIES INC..

Action: appointed
Role: director

Exact text from the filing

On January 3, 2025, the Board of Directors (the “Board”) appointed Michael McLaren as a director of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael McLaren was appointed as Chief Executive Officer at OLENOX INDUSTRIES INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On January 3, 2025, the Board of Directors (the “Board”) of Safe & Green Holdings Corp (the “Company”) approved the appointment of Michael McLaren as the Company’s Chief Executive Officer

View on SEC.gov

OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-25-001309

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