Olenox Industries (OLOX) Proxy Filing summary

Executive summary

• The 2024 Annual Meeting is scheduled for September 27, 2024, in New York, with voting on seven key proposals, including director elections, auditor ratification, executive compensation, share issuances, and potential adjournment.

• The Board recommends voting in favor of all proposals, including the election of six directors, ratification of M&K CPAS PLLC as auditor, and approval of share issuances related to Armistice and Peak One agreements.

• Proxy materials are provided online to reduce costs and environmental impact, with paper copies available upon request.

Voting matters and shareholder proposals

• Proposals include electing six directors, ratifying the auditor, advisory votes on executive compensation and its frequency, approval of share issuances under Armistice and Peak One agreements, and adjournment if needed.

• Shareholder approval is sought for share issuances exceeding 20% of outstanding stock to comply with Nasdaq rules.

• Stockholders can submit proposals for the 2025 meeting by April 15, 2025, and must comply with SEC and bylaw requirements.

Board of directors and corporate governance

• Six nominees for director, including Paul Galvin (Chair/CEO), are recommended for election; the Board values diversity and independence, with a majority of independent directors.

• The Board is led by a combined Chair/CEO and a Lead Independent Director, with regular assessment of leadership structure.

• Committees include Audit, Compensation, and Nominating/ESG, all composed of independent directors.

• Stockholders can communicate directly with the Board, and a Code of Business Conduct and Ethics is in place.