---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-018046"
form_type: "8-K"
ticker: "OLOX"
cik: "0001023994"
company_name: "OLENOX INDUSTRIES INC."
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T01:56:28.758008+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Olenox settles debt with CEO via 1.2M shares; appoints Paula Dobriansky to board

## Summary
- Settled $338,670 outstanding note with CEO Michael McLaren by issuing 626,325 common shares at $0.5407 (50% of VWAP).
- Issued 585,000 restricted common shares to CEO in exchange for surrender of 39,000 Series A preferred shares and release of merger claims.
- Appointed Ambassador Paula J. Dobriansky as director; receives standard $40k cash retainer + $50k annual RSU grant.
- Total share issuance of ~1.21M shares represents material dilution for existing shareholders.

## SEC filing metadata
- accession: 0001213900-26-018046
- form_type: 8-K
- ticker: OLOX
- cik: 0001023994
- company_name: OLENOX INDUSTRIES INC.
- filed_at: 2026-02-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023994/000121390026018046/0001213900-26-018046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023994/000121390026018046/ea0277598-8k_olenox.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-018046
- JSON: https://secwatch.observer/filing/0001213900-26-018046.json
- Plain text: https://secwatch.observer/filing/0001213900-26-018046.txt

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