Safe and Green Development appoints three new directors after Resource Group acquisition; three prior directors resign

RenX Enterprises Corp.

Paul M. Galvin and Alyssa Richardson resigned June 17; Yaniv Blumenfeld resigned June 23; no disagreement with company.
Board appointed Bjarne Borg (Class I), James D. Burnham (Class III), and Anthony M. Cialone (Class II) effective June 17.
Burnham and Cialone entered consulting agreements: $25,000/month fee plus $1,250 car reimbursement; termination payment of $600,000 each.
At closing, company issued common stock, Series A Convertible Preferred, and 6% promissory notes to Borg, Burnham, and Cialone for their Resource Group interests.
Resource Group US issued an 11.5% note of $1,255,000 to Burnham for prior advances, due April 2026.

item 5.02item 8.01item 9.01

Executive movements

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Appointed

James D. Burnham

Director

RENX · RenX Enterprises Corp.

Effective: 2025-06-17
Filed: Jun 24, 2025 23:59 UTC

on June 17, 2025, the Board appointed Bjarne Borg, James D. Burnham and Anthony M. Cialone, each of whom was designated by a majority in interest of the former members of Resource Group, as directors of the Company, in Classes I, III and II, respectively.

Appointed

Bjarne Borg

Director

RENX · RenX Enterprises Corp.

Effective: 2025-06-17
Filed: Jun 24, 2025 23:59 UTC

on June 17, 2025, the Board appointed Bjarne Borg, James D. Burnham and Anthony M. Cialone, each of whom was designated by a majority in interest of the former members of Resource Group, as directors of the Company, in Classes I, III and II, respectively.

Departed

Paul M. Galvin

Director

RENX · RenX Enterprises Corp.

Effective: 2025-06-17
Filed: Jun 24, 2025 23:59 UTC

On June 17, 2025, Paul M. Galvin (Class I Director) and Alyssa Richardson (Class III Director) each notified the Company of their decision to resign, effective immediately, from their position as a member of the Board.

Departed

Alyssa Richardson

Director

RENX · RenX Enterprises Corp.

Effective: 2025-06-17
Filed: Jun 24, 2025 23:59 UTC

On June 17, 2025, Paul M. Galvin (Class I Director) and Alyssa Richardson (Class III Director) each notified the Company of their decision to resign, effective immediately, from their position as a member of the Board.

Departed

Yaniv Blumenfeld

Director

RENX · RenX Enterprises Corp.

Effective: 2025-06-23
Filed: Jun 24, 2025 23:59 UTC

On June 23, 2025, Yaniv Blumenfeld (Class III Director) notified the Company of his decision to resign, effective immediately, from his position as a member of the Board.

Appointed

Anthony M. Cialone

Director

RENX · RenX Enterprises Corp.

Effective: 2025-06-17
Filed: Jun 24, 2025 23:59 UTC

on June 17, 2025, the Board appointed Bjarne Borg, James D. Burnham and Anthony M. Cialone, each of whom was designated by a majority in interest of the former members of Resource Group, as directors of the Company, in Classes I, III and II, respectively.

Source: SEC EDGAR

accession 0001213900-25-057258

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