Safe & Green Holdings Corp. Files 8-K for Director/Officer Changes
Ticker: OLOX · Form: 8-K · Filed: Jan 21, 2025 · CIK: 1023994
Sentiment: neutral
Topics: leadership-change, corporate-governance, filing
Related Tickers: SGH
TL;DR
SGH board shakeup, new execs appointed, check comp plans.
AI Summary
Safe & Green Holdings Corp. announced on January 16, 2025, changes related to its board of directors and executive officers, including the election of new directors and the appointment of certain officers. The company also disclosed information regarding compensatory arrangements for its key executives. This filing is a current report under the Securities Exchange Act of 1934.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and executive compensation can introduce uncertainty regarding the company's future direction and financial stability.
Key Players & Entities
- SAFE & GREEN HOLDINGS CORP. (company) — Registrant
- SG BLOCKS, INC. (company) — Former Company Name
- CDSI HOLDINGS INC (company) — Former Company Name
- PC411 INC (company) — Former Company Name
FAQ
What specific changes were made to the board of directors and executive officers?
The filing indicates the departure of directors, election of new directors, and appointment of certain officers, but the specific names and roles are detailed within the full document.
What is the effective date of the reported changes?
The earliest event reported is dated January 16, 2025.
What other items are covered in this 8-K filing?
Besides director and officer changes, the filing also covers compensatory arrangements of certain officers and includes financial statements and exhibits.
What is the company's former name?
The company was formerly known as SG BLOCKS, INC., CDSI HOLDINGS INC, and PC411 INC.
What is the company's primary business sector?
Safe & Green Holdings Corp. is in the Wholesale - Lumber & Other Construction Materials sector.
Filing Stats: 805 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2025-01-21 08:00:28
Key Financial Figures
- $0.01 — ch Registered Common Stock, par value $0.01 SGBX The Nasdaq Stock Market LLC
- $200,000 — t provides for an annual base salary of $200,000, a restricted stock grant under the Com
Filing Documents
- ea0228133-8k_safeandgreen.htm (8-K) — 29KB
- ea022813301ex10-1_safe.htm (EX-10.1) — 37KB
- 0001213900-25-004768.txt ( ) — 249KB
- sgbx-20250116.xsd (EX-101.SCH) — 3KB
- sgbx-20250116_lab.xml (EX-101.LAB) — 33KB
- sgbx-20250116_pre.xml (EX-101.PRE) — 22KB
- ea0228133-8k_safeandgreen_htm.xml (XML) — 4KB
02. Departure of Directors or Certain
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 16, 2025, Safe & Green Holdings Corp (the "Company") appointed Jim Pendergast as the Company's Chief Operating Officer and entered into an employment agreement with Mr. Pendergast (the "Employment Agreement") to employ Mr. Pendergast in such capacity for an initial term of two (2) years, which Employment Agreement provides for an annual base salary of $200,000, a restricted stock grant under the Company's Stock Incentive Plan for 200,000 shares of the Company's common stock, vesting quarterly on a pro-rata basis over the next eighteen (18) months of continuous service, and an annual performance bonus of up to 20% of Mr. Pendergast's then-base salary, payable in cash and/or equity, as determined by Company's by the Company's Board of Directors. Mr. Pendergast brings over 25 years of leadership in corporate operations, having served as CEO, CFO, and COO across public and private companies in the energy, construction, manufacturing, and agricultural sectors. He has expertise in mergers and acquisitions, corporate restructuring, and equity and debt financing. His previous roles include COO at MGO Systems Ltd., where he oversaw more than 50 construction projects during his time there, and CEO/CFO at Paramount Structures Inc., leading its acquisition and financial restructuring. As CEO of FP Genetics Inc., he refocused the company on profitable growth. Earlier, at Agrium Inc., he managed large-scale business development projects and represented the company to investors. He has also served on the boards of several companies, providing leadership in corporate governance, strategic planning, and financial management. He holds an MBA in International Business and Finance from McMaster University and a BA (Honors) in Political Studies and Economics from Queen's University. Mr. Pendergast is subject to a one
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibit Number Description 10.1 Employment Agreement, dated January 20, 2025, between Safe & Green Holdings Corp. and Jim Pendergast 104 Cover Page Interactive Data File (embedded within the inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SAFE & GREEN HOLDINGS CORP. Dated: January 21, 2025 By: /s/ Patricia Kaelin Name: Paticia Kaelin Title: Chief Financial Officer 2