{"url_path":"/sec/olox/8-k/2026-02-18/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-02-18","source_url":"https://www.sec.gov/Archives/edgar/data/1023994/0001213900-26-018046-index.html","accession_number":"0001213900-26-018046","cik":"0001023994","ticker":"OLOX","issuer_name":"OLENOX INDUSTRIES INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1023994/0001213900-26-018046-index.html","primary_entity_key":"0001023994","primary_entity_name":"OLENOX INDUSTRIES INC."},"word_count":471,"has_tables":true,"body_markdown":"**Item 5.02. Departure of Directors or Certain Officers; Election\nof Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**\n\n \n\nOn February 16, 2026, the Board appointed Ambassador\nPaula J. Dobriansky as a director of the Company to fill a board seat vacancy. Ambassador Dobriansky will serve until the date of the\nCompany’s 2025 Annual Meeting of Shareholders, and until her successor is duly elected and qualified.\n\n \n\nAs a non-employee director, Ambassador Dobriansky\nwill participate in the Company’s previously disclosed non-employee director compensation program, which consists of: (i) an annual\ncash retainer of $40,000 which is paid in quarterly installments, (ii) an annual cash retainer of $10,000 per committee chair position\nheld, and (ii) an annual equity grant of restricted stock units under the Company’s Stock Incentive Plan with a grant date value\nof approximately $50,000 that will vest quarterly over two years, subject to continued service as a director through such date. In connection\nwith her appointment, Ambassador Dobriansky will receive a pro-rata portion of each to reflect the fact that she was appointed in February\n2026.\n\n \n\n****\n\n****\n\n1\n\n \n\n** **\n\nA brief description of the qualifications and experiences of Ambassador\nDobriansky is set forth below:\n\n** **\n\n**Ambassador Paula J. Dobriansky, age 70**,\nwas appointed as a director of the Company on February 3, 2026. Ambassador Dobriansky is a foreign policy expert and diplomat specializing\nin national security affairs, is Vice Chair of the Atlantic Council’ Scowcroft Center for Strategy & Security and Senior Fellow,\nHarvard University Belfer Center. She brings over 30 years of government and international experience across senior levels of diplomacy,\nbusiness, and defense. She was Senior Vice President and Global Head of Government and Regulatory Affairs at Thomson Reuters and held\nthe Distinguished National Security Chair at the U.S. Naval Academy. Her high-level government positions include Under Secretary of State\nfor Global Affairs, President’s Envoy to Northern Ireland (for which she received the Secretary of State’s highest honor —\nthe Distinguished Service Medal, and National Security Council Director of European and Soviet Affairs. A member of the Council on Foreign\nRelations and the American Academy of Diplomacy, Dobriansky also served on the Defense Policy Board, the Secretary of State’s Foreign\nPolicy Board and as Chair of ExIm Bank’s Council on China Competition. She has a BSFS summa cum laude from Georgetown University\nSchool of Foreign Service and an MA and Ph.D. in Soviet political/military affairs from Harvard University. She has received high-level\ninternational recognition from the governments of Poland, Ukraine, Hungary, Romania, Lithuania and Colombia and is the recipient of five\nhonorary degrees.\n\n** **\n\nThere are no family relationships between Ambassador\nDobriansky and any of the Company’s directors or executive officers. In addition, as set forth above, Ambassador Dobriansky is not\na party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K."}