Olenox Industries (OLOX) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for September 27, 2024, with voting on director elections, auditor ratification, executive compensation, share issuance proposals, and potential adjournment if needed.

• The Board recommends voting for all proposals, including the election of six directors, ratification of the auditor, approval of executive compensation, and share issuances related to Armistice and Peak One agreements.

• Shareholders can vote by mail, internet, or phone, and may attend the meeting in person with proper identification.

Voting matters and shareholder proposals

• Proposals include electing six directors, ratifying M&K CPAS PLLC as auditor, advisory votes on executive compensation and its frequency, approval of share issuances under Armistice and Peak One agreements, and adjournment if necessary.

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

• Stockholders may submit proposals for the 2025 annual meeting, following specific deadlines and requirements.

Board of directors and corporate governance

• Six nominees for director are presented, with a focus on diverse experience in real estate, finance, healthcare, and government.

• The Board includes a Chair/CEO, Lead Independent Director, and a majority of independent directors.

• Committees include Audit, Compensation, and Nominating, Environmental, Social and Corporate Governance, all with independent members.

• The Board has adopted a Code of Business Conduct and Ethics and maintains anti-hedging and anti-pledging policies.