---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-057258"
form_type: "8-K"
ticker: "RENX"
cik: "0001959023"
company_name: "RenX Enterprises Corp."
filed_at: "2025-06-24T23:59:59+00:00"
generated_at: "2026-05-18T22:59:21.821124+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-057258
- form_type: 8-K
- ticker: RENX
- cik: 0001959023
- company_name: RenX Enterprises Corp.
- filed_at: 2025-06-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959023/000121390025057258/0001213900-25-057258-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959023/000121390025057258/ea0246306-8k_safe.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-057258
- JSON: https://secwatch.observer/filing/0001213900-25-057258.json
- Plain text: https://secwatch.observer/filing/0001213900-25-057258.txt

## Key facts
- Executive change
  James D. Burnham was appointed as Director at RenX Enterprises Corp..
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390025057258/0001213900-25-057258-index.htm
- Executive change
  Bjarne Borg was appointed as Director at RenX Enterprises Corp..
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390025057258/0001213900-25-057258-index.htm
- Executive change
  Paul M. Galvin resigned as Director at RenX Enterprises Corp..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390025057258/0001213900-25-057258-index.htm
- Executive change
  Alyssa Richardson resigned as Director at RenX Enterprises Corp..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390025057258/0001213900-25-057258-index.htm
- Executive change
  Yaniv Blumenfeld resigned as Director at RenX Enterprises Corp..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390025057258/0001213900-25-057258-index.htm
- Executive change
  Anthony M. Cialone was appointed as Director at RenX Enterprises Corp..
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959023/000121390025057258/0001213900-25-057258-index.htm

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