OLOX · Olenox Industries Inc.
$0.99
-0.10 (-8.87%)
At close · Aug 31
Going-concern doubt
— flagged Aug 19, 2026
Substantial doubt about the company's ability to continue as a going concern.
“The Company has incurred losses since its inception, has negative working capital of approximately $22.9 million and has negative operating cash flows, which raise substantial doubt about the Company's ability to continue as a going concern.”View the 10-Q filed Aug 19, 2026
Market Cap
$1.81M
Shares
1.66M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Paul M. Galvin | Chairman and Chief Executive Officer | $746,527 |
| William Rogers | Former Chief Operating Officer | $380,500 |
| Patricia Kaelin | Chief Financial Officer | $251,172 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Paul M. Galvin | Chairman and Chief Executive Officer | $1,039,205 |
| Gerald Sheeran | Former Acting Chief Financial Officer and Controller | $428,939 |
| William Rogers | Former Chief Operating Officer | $401,210 |
| Patricia Kaelin | Chief Financial Officer | — |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Paul M. Galvin | Chairman and Chief Executive Officer | $1,723,657 |
| William Rogers | Chief Operating Officer | $1,187,653 |
| Gerald Sheeran | Former Acting Chief Financial Officer and Controller | $611,029 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Paul M. Galvin | Chairman and Chief Executive Officer | $1,641,715 |
| Gerald Sheeran | Former Chief Financial Officer and Controller | $341,224 |
| Stevan Armstrong | Chief Technology Officer | $148,018 |
| William Rogers | Chief Operating Officer | $25,769 |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| Paul M. Galvin | Chairman and Chief Executive Officer | $364,617 |
| Mahesh S. Shetty | Former President and Former Chief Financial Officer | $216,717 |
| Gerald Sheeran | Acting Chief Financial Officer and Controller | $137,846 |
| Stevan Armstrong | Chief Technology Officer | $116,286 |
Fiscal 2018
| Executive | Role | Total |
|---|---|---|
| Paul M. Galvin | Chairman and Chief Executive Officer | $707,549 |
| Mahesh S. Shetty | Former President and Former Chief Financial Officer | $621,718 |
| Stevan Armstrong | Chief Technology Officer | $202,465 |
| Gerald Sheeran | Acting Chief Financial Officer and Controller | $155,365 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Kimberly Hawley | Interim Chief Financial Officer | Appointed | 2026-07-29 |
| Erik Blum | President | Appointed | 2026-06-11 |
| Paula J. Dobriansky | director | Appointed | 2026-02-18 |
| Adam Falkoff | director | Appointed | 2026-02-10 |
| Erik Blum | director | Appointed | 2026-02-10 |
| Christoper Melton | member of the Board of Directors | Resigned | 2026-02-06 |
| Samarth Verma | director | Appointed | 2025-05-22 |
| Shafron Hawkins | member of the Board of Directors | Resigned | 2025-05-22 |
| Jim Pendergast | Chief Operating Officer | Appointed | 2025-01-21 |
| Michael McLaren | director | Appointed | 2025-01-07 |
| Paul Galvin | Chief Executive Officer | Terminated | 2024-10-28 |
| David Villarreal | member of the Board of Directors | Resigned | 2024-10-22 |
| Christopher Melton | independent member of the Board | Appointed | 2024-04-29 |
| Christopher Melton | member of the Board | Resigned | 2024-04-29 |
| Vanessa Villaverde | member of the Board of Directors | Resigned | 2023-12-26 |
| Thomas Meharey | director | Appointed | 2023-11-01 |
| William Rogers | Project Development Advisor | Appointed | 2023-10-25 |
| Elizabeth Cormier-May | member of the Board of Directors | Resigned | 2023-09-28 |
| Jill Anderson | director of the Company | Appointed | 2023-09-05 |
| Vanessa Villaverde | director | Appointed | 2023-08-29 |
| Yaniv Blumenfeld | a member of the Board of Directors | Resigned | 2023-05-03 |
| David Villarreal | President and Chief Executive Officer | Appointed | 2023-02-06 |
| Elizabeth Cormier-May | director | Appointed | 2023-01-09 |
| Shafron E. Hawkins | director | Appointed | 2022-12-22 |
| Joseph Safina | member of the Board of Directors | Resigned | 2022-12-22 |