{"url_path":"/sec/olox/8-k/2026-02-10/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-02-10","source_url":"https://www.sec.gov/Archives/edgar/data/1023994/0001213900-26-013951-index.html","accession_number":"0001213900-26-013951","cik":"0001023994","ticker":"OLOX","issuer_name":"OLENOX INDUSTRIES INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1023994/0001213900-26-013951-index.html","primary_entity_key":"0001023994","primary_entity_name":"OLENOX INDUSTRIES INC."},"word_count":713,"has_tables":true,"body_markdown":"**Item 5.02.\nDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain\nOfficers.**\n\n \n\nOn\nFebruary 6, 2026, the Board appointed Erik Blum and Adam Falkoff as directors of the Company to fill board seat vacancies. Mr.\nBlum and Mr. Falkoff will each serve until the date of the Company’s 2025 Annual Meeting of Shareholders and until his successor\nis duly elected and qualified.\n\n \n\nAs non-employee directors, Mr.\nBlum and Mr. Falkoff will participate in the Company’s previously disclosed non-employee director compensation program, which consists\nof: (i) an annual cash retainer of $40,000 which is paid in quarterly installments, (ii) an annual cash retainer of $10,000 per committee\nchair position held, and (ii) an annual equity grant of restricted stock units under the Company’s Stock Incentive Plan with a grant\ndate value of approximately $50,000 that will vest quarterly over two years, subject to continued service as a director through such date.\nIn connection with their appointment, each of Mr. Blum and Mr. Falkoff will receive a pro-rata portion of each to reflect the fact that\nthey were appointed in February 2026.\n\n \n\nA\nbrief description of the qualifications and experiences of Mr. Blum and Mr. Falkoff are set forth below:\n\n \n\n**Erik\nBlum, age 60***,* was appointed as a director of the Company on February 3, 3026. Mr. Blum currently serves as Chief Executive\nOfficer of Fynntechnical Innovations Inc (FYNN), where he has lead the corporate turnaround of a publicly traded company, taking FYNN\nfrom a non-reporting pink sheet status to a fully audited, fully reporting entity under the 1934 Act as of November 2023. With over 30\nyears’ experience in debt, corporate finance, and company management, Mr. Blum has extensive expertise in equity and debt markets.\nBeginning in 2001, Mr. Blum structured CMOs with a specialization in inverse floaters for Fannie Mae and Freddie Mac. In 2005, he created\na reverse convertible bond desk for Stern Agee. He was a registered principal compliance offer for close to 27 years on Wall Street. He\nleft Wall Street in 2010 to found JW Price LLC, a corporate consulting firm, which focused on providing business development services\nto microcaps and other small public companies. During his time at JW Price, Mr. Blum helped multiple companies become successful public\ntrade entities. He has sat as CEO, CFO, and director of multiple companies and has been instrumental in enabling their turnaround.\n\n \n\n**Adam\nFalkoff, age 57**, was appointed as a director of the Company on February 3, 2026. Mr. Falkoff has over 20 years of experience in\npublic policy, international relations, and business development and diplomacy. He has advised CEOs and Boards of the Fortune 100, Presidents,\nPrime Ministers, Cabinet Ministers and Ambassadors. He is a life member of the Council on Foreign Relations and a member of The Trilateral\nCommission. Mr. Falkoff is the President of CapitalKeys, a bipartisan global public policy and strategic consulting firm based in Washington\nD.C. with offices in London and Singapore. Mr. Falkoff has been serving as the Global Managing Partner of Strategic Ventures at Microsoft.\nPrior to Microsoft, he was the Global Head of Government Relations and Philanthropy at Amazon. Previously he served Chairman of the House\nInternational Relations Committee, Congressman Ben Gilman, and also served, in the United States Senate, Chairman of the Banking Committee\nSenator Alfonse D’Amato as professional staff and was the White House Liaison. Mr. Falkoff also served Vice President Dan Quayle.\nMr. Falkoff is a recipient of the Ellis Island Medal of Honor, one of the nation’s highest honors, for achievement and inspired\nservice to the United States. He was twice named to the Washington, D.C. Power 100, a list of the 100 most influential non-elected people\nin Washington, D.C. He was appointed by Secretary of State as a United States Public Diplomacy Envoy. Mr. Falkoff received a B.A. from\nDuke University and both an M.B.A. and M.I.M. (Master of International Management) from the Thunderbird School of Global Management.\n\n \n\nThere are no family relationships\nbetween Mr. Blum, Mr. Falkoff, and any of the Company’s directors or executive officers. In addition, as set forth above, neither\nMr. Blum nor Mr. Falkoff are a party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of\nRegulation S-K."}