OLENOX INDUSTRIES INC. 8-K

What Happened

• Olenox Industries Inc. (OLOX) announced in an 8‑K filed Feb. 10, 2026 that its Board appointed Erik Blum and Adam Falkoff as non‑employee directors (the filing states the appointments were made on February 6, 2026). The filing says each will serve “until the date of the Company’s 2025 Annual Meeting of Shareholders and until his successor is duly elected and qualified.” The document also contains apparent typographical inconsistencies (it elsewhere lists Feb. 3, 3026 as an appointment date and references the 2025 meeting year).

Key Details

• Director compensation: annual cash retainer $40,000 (paid quarterly); additional $10,000 per committee chair; annual equity grant of restricted stock units with a grant‑date value of approximately $50,000 that vests quarterly over two years. Blum and Falkoff will receive pro‑rata portions for their Feb. 2026 appointments.
• Erik Blum (age 60): current CEO of Fynntechnical Innovations Inc. (FYNN); 30+ years in debt and corporate finance; past roles include structuring CMOs, founding JW Price LLC, and serving as CEO/CFO/director of multiple public companies.
• Adam Falkoff (age 57): 20+ years in public policy, international relations and strategic consulting; President of CapitalKeys; has held senior government relations roles at Microsoft and Amazon and senior staff roles in Congress and the White House; holds degrees from Duke and Thunderbird.
• No family relationships between the new directors and Olenox’s current directors/executive officers; no related‑party transactions required to be disclosed under Item 404(a) of Regulation S‑K.

Why It Matters

• For investors, the filing signals a change in board composition with two experienced hires—one with deep finance and turnaround experience and one with extensive government relations and global policy experience. Their compensation is a mix of cash and equity, which will be a recurring governance expense and aligns their interests with shareholders while vesting over time. Note the filing’s inconsistent dates; investors seeking clarity on term lengths or timing may want to monitor or request corrective disclosure.