Olenox Industries (OLOX) Proxy Filing summary

Executive summary

• Special Shareholders Meeting scheduled for August 25, 2025, to be held virtually, with record date set as July 11, 2025.

• Three key proposals: reverse stock split, issuance of Series B Preferred Stock conversion shares, and potential adjournment to solicit more proxies.

• Board recommends voting in favor of all proposals.

Voting matters and shareholder proposals

• Proposal 1: Authorize board to effect a reverse stock split at a ratio between 1-for-10 and 1-for-100 within one year to regain Nasdaq compliance.

• Proposal 2: Approve issuance of Series B Preferred Stock conversion shares exceeding 19.99% of outstanding common stock, as required by Nasdaq rules.

• Proposal 3: Approve adjournment of the meeting if more time is needed to solicit proxies for the above proposals.

• No dissenters' rights are provided for any proposal.

Board of directors and corporate governance

• Board led by combined Chair/CEO, with a Lead Independent Director to ensure independent oversight.

• Majority of board and all committee members are independent per Nasdaq rules.

• Board diversity matrix disclosed; regular assessment of leadership structure.

• Standing committees: Audit, Compensation, Nominating/ESG, and Executive; all operate under written charters.

• Code of Business Conduct and Ethics applies to all directors, officers, and employees.