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Form 8-K

sec.gov

8-K — OLENOX INDUSTRIES INC.

Accession: 0001213900-26-082563

Filed: 2026-07-29

Period: 2026-07-24

CIK: 0001023994

SIC: 5030 (WHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS)

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Financial Statements and Exhibits

Documents

8-K — ea0299622-8k_olenox.htm (Primary)

EX-10.1 — EMPLOYMENT AGREEMENT, DATED JULY 24, 2026, BETWEEN OLENOX INDUSTRIES, INC. AND KIMBERLY HAWLEY (ea029962201ex10-1.htm)

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UNITED STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM 8-K

CURRENT

REPORT

PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES

EXCHANGE ACT OF 1934

Date of Report (Date

of earliest event reported): 7/24/2026

OLENOX INDUSTRIES

INC.

(Exact Name

of Registrant as Specified in its Charter)

Delaware

001-38037

95-4463937

(State or Other Jurisdiction of

Incorporation)

(Commission File Number)

(I.R.S. Employer

Identification

Number)

1207 N. FM 3083

Bldg. C

Conroe, TX 77304

(Address of Principal

Executive Offices, Zip Code)

Registrant’s

telephone number, including area code: (936) 323-6332

(Former name

or former address, if changed since last report.)

Check the appropriate box

below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following

provisions:

☐ Written communications pursuant to Rule 425 under the Securities

Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange

Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under

the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under

the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant

to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Common Stock, par value $0.01

OLOX

The Nasdaq Stock Market LLC

Indicate by check mark whether

the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule

12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company,

indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial

accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

On July 24, 2026,

the Board of Directors of Olenox Industries, Inc. (the “Company”) appointed Kimberly Hawley as the Company’s Interim

Chief Financial Officer, and entered into an employment agreement with Ms. Hawley (the “Employment Agreement”) to employ Ms.

Hawley in such capacity for an initial term commencing on July 6, 2026 and ending December 31, 2026, and which Employment Agreement provides

for an annual base salary of $250,000, and a restricted stock grant under the Company’s Stock Incentive Plan for $50,000 worth of

shares of the Company’s common stock, vesting quarterly on a pro-rata basis over the next eighteen (18) months of continuous service.

Kimberly Hawley,

age 57, brings more than 30 years of executive financial leadership experience across public and private companies in the energy, oil

and gas, logistics, environmental services, waste-to-energy, manufacturing, and technology sectors. Ms. Hawley also currently serves as

Executive Vice President, Chief Financial Officer and Treasurer of Vivakor, Inc., a Nasdaq-listed energy infrastructure company. Throughout

her career, Ms. Hawley has led complex financial organizations through transformational growth, mergers and acquisitions, SEC reporting,

capital markets transactions, corporate governance initiatives, strategic financings, and post-acquisition integrations. She has successfully

executed public and private debt and equity financings, including securing more than $120 million in long-term financing for major infrastructure

projects and leading strategic capital raises to support corporate growth. She has worked extensively with boards of directors, auditors,

legal counsel, lenders, and institutional investors while overseeing the financial operations of multi-entity organizations during periods

of significant expansion and operational transformation. She has extensive experience leading SEC reporting, financial reporting, audit

processes, corporate governance, treasury, investor relations, and strategic finance functions for Nasdaq-listed companies, helping organizations

execute complex growth strategies and successfully integrate acquisitions. Ms. Hawley earned a Bachelor of Business Administration from

Loyola University Chicago, a Master of Business Administration from Pepperdine University’s Graziadio Business School, and is a

Certified Public Accountant (CPA).

Ms. Hawley is subject

to a one-year post-termination non-compete and non-solicit of the Company’s employees and clients. Ms. Hawley is also bound by confidentiality

provisions. Ms. Hawley will continue in her current role with Vivakor.

There are no family

relationships between Ms. Hawley and any of the Company’s directors or executive officers. In addition, as set forth above, Ms.

Hawley is not a party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) or Regulation S-K.

The description

of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Employment

Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial

Statements and Exhibits

Exhibit

Number

Description

10.1

Employment Agreement, dated July 24, 2026, between Olenox Industries, Inc. and Kimberly Hawley

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1

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.

OLENOX

INDUSTRIES INC.

Dated: July 29, 2026

By:

/s/ Michael McLaren

Name: Michael McLaren

Title: Chief Executive Officer

2

EX-10.1 — EMPLOYMENT AGREEMENT, DATED JULY 24, 2026, BETWEEN OLENOX INDUSTRIES, INC. AND KIMBERLY HAWLEY

EX-10.1

Filename: ea029962201ex10-1.htm · Sequence: 2

Exhibit 10.1

EMPLOYMENT AGREEMENT

This Employment Agreement (the “Agreement”)

is made as July 24, 2026 (the “Effective Date”), for services that commenced on July 6, 2026, is by and between Olenox

Industries Inc., a Delaware corporation (the “Company”), and Kimberly Hawley, an individual (the “Executive”).

The Company and Executive may be hereinafter referred to, individually as a “Party”, and collectively as the “Parties”).

RECITALS

WHEREAS, the Company desires

to employ Executive as its Interim Chief Financial Officer, and Executive desires to be employed by the Company, pursuant to the terms

and conditions hereof;

NOW THEREFORE, in consideration

of the premises and of the mutual promises herein contained, the parties hereto agree as follows:

1. ENGAGEMENT.

The Company hereby employs Executive as its Interim Chief Financial Officer, subject to the terms and conditions hereinafter set forth.

2. TERM.

The term of this Agreement shall commence July 6, 2026, and unless earlier terminated as provided herein, shall terminate on December

31, 2026.

3. DUTIES.

The Executive shall perform such duties and functions as the Interim Chief Financial Officer of the Company as are determined from time

to time by the Company’s Board of Directors (the “Board”). During the Term, the Executive shall comply with the

policies of and be subject to the reasonable direction of the Board. The Executive agrees to devote their entire working time, attention

and energies to the performance of the business of the Company and of any of its subsidiaries or affiliates by which they may be engaged;

and Executive shall not, directly or indirectly, alone or as a member of any partnership, or as an officer, director or employee of any

other corporation, partnership or other organization, be actively engaged in or concerned with any other duties or pursuits which interfere

with the performance of their duties hereunder, or which, even if noninterfering, may be inimical to or contrary to the best interests

of the Company. Notwithstanding the above, the Company acknowledges Executive’s existing employment and duties with Vivakor, Inc. and

its affiliates, the Company understands Executive’s duties and obligations under that existing employment relationship, and agrees

that such services do not constitute a conflict of interest or a breach of this Agreement. The Executive may continue to perform such

services during the term of this Agreement.

4. COMPENSATION.

As compensation for the services to be rendered by Executive hereunder, the Company agrees to pay or cause to be paid to Executive, and

Executive agrees to accept, an annual salary equal to TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) (the “Salary”)

payable in accordance with the Company’s payroll practices. Subject to Board approval, the Executive shall also be entitled to receive,

and the Company shall issue when so approved by the Board and available for grant under the Company’s Stock Incentive Plan (the

“Plan”), a grant of restricted stock units (“RSUs”) in the amount equal to FIFTY THOUSAND DOLLARS ($50,000), vesting

quarterly on a pro-rata basis over the next eighteen (18) months of continuous service.

5. ADDITIONAL

COMPENSATION. During the Term of this Agreement, the Board, in its sole discretion, may award additional compensation to Executive

other than as specifically provided for in this Agreement

6. EMPLOYEE

BENEFITS. Effective upon Executive’s hiring and during the period Executive is employed hereunder, Executive shall be permitted

to participate in all group health, hospitalization and disability insurance programs, pension plans and similar benefits that are now

or may become available to similarly situated executives of the Company. During the Term, the Executive shall be entitled to vacations

in accordance with the vacation policy of the Company.

7. REIMBURSEMENT

OF EXPENSES. During the Term, the Company shall reimburse Executive for reasonable and necessary out-of-pocket expenses advanced or

expended by Executive in connection with Executive’s duties hereunder; provided, however, that Executive shall not expend or incur

any such expenses, individually or in the aggregate, in excess of Five Hundred Dollars ($500) without the prior approval of the Company.

8. TERMINATION

a. The

Executive’s employment may be terminated immediately, at any time, upon written notice by the Company, upon the occurrence of any

of the following events:

i. the

death of Executive;

ii. the

Disability of Executive (as defined in paragraph (b)); or

iii. the

determination that there is Cause (as hereinafter defined) for such termination upon ten (10) days’ prior written notice to the

Executive.

b. For

purposes hereof, the term “Disability” shall mean the inability of Executive, due to illness, accident or any other physical

or mental incapacity, to perform the normal functions of her job for a period of three (3) consecutive months or for a total of six (6)

months (whether or not consecutive) in any twelve (12) month period during the term of this Agreement.

c. For

purposes hereof, “Cause” shall mean: (i) Executive’s conviction (which, through lapse of time or otherwise, is not subject

to appeal) of any crime or offense involving money or other property of the Company or its subsidiaries or which constitutes a felony

in the jurisdiction involved; (ii) Executive’s performance of any act or her failure to act, for which if they were prosecuted and convicted,

a crime or offense involving money or property of the Company or its subsidiaries, or which would constitute a felony in the jurisdiction

involved would have occurred; (iii) Executive’s breach of any of the representations, warranties or covenants set forth in this Agreement;

or (iv) Executive’s continuing, repeated, willful failure or refusal to perform their duties required by this Agreement, provided that

Executive shall have first received written notice from the Company stating with specificity the nature of such failure and refusal and

affording Executive an opportunity, as soon as practicable, to correct the acts or omissions complained of. Whether or not “Cause”

shall exist in each case shall be determined by the Board in its sole discretion.

d. The

Executive’s employment may also be terminated by the Company at any time upon thirty (30) days prior written notice, without cause.

e. In

the event that the Executive’s employment is terminated for Cause, Executive will be entitled to only their accrued salary and vacation

time through the termination date and nothing more. In the event the Executive’s employment is terminated by the Company for any

reason other than Cause, Executive shall receive severance equal to Executive’s remaining salary and benefits of the current Term

with a cap of three (3) months’ salary and benefits. These severance benefits will include payment of COBRA health insurance, accelerated

vesting of RSU’s, and the receipt of any earned bonus compensation from projects and performance goals as well as accrued vacation

time.

2

9. REPRESENTATIONS

AND AGREEMENTS OF EXECUTIVE. The Executive represents and warrants that they are free to enter into this Agreement and to perform

the duties required hereunder, and that there are no employment contracts (other than Executive’s employment with Vivakor), restrictive

covenants or other restrictions preventing the performance of their duties hereunder.

10. RESTRICTIVE

COVENANTS.

a. Executive

agrees that if this Agreement is terminated for any reason, for a period of one (1) year from the date of such termination, they will

not directly or indirectly, as owner, partner, joint venture, stockholder, employee, broker, agent, principal, trustee, corporate officer

or director, licensor or in any capacity whatsoever engage in, become financially interested in, be employed by, render consulting services

to, or have any connection with, any business which is competitive with the business activities of the Company or its subsidiaries (“Competitive

Business”), in any geographic area where, during the term of this Agreement, the business of the Company or any of its subsidiaries

is being or had been conducted in any manner whatsoever, or hire or attempt to hire for any Competitive Business any employee of the Company

or any subsidiary thereof, or solicit, call on or induce others to solicit or call on, directly or indirectly, any customers or prospective

customers of the Company for the purpose of inducing them to purchase or lease a product or service which may compete with any product

or service of the Company; provided, however, that Executive may own any securities of any corporation which is engaged in such business

and is publicly owned and traded but in an amount not to exceed at any one time one percent of any class of stock or securities of such

company. The Parties acknowledge and agree that Executive’s continued employment with Vivakor shall be an exception to the restrictive

covenants set forth in this Section 10.

b. If

any portion of the restrictions set forth in paragraph (a) should, for any reason whatsoever, be declared invalid by a court of competent

jurisdiction, the validity or enforceability of the remainder of such restrictions shall not thereby be adversely affected.

c. The

Executive declares that the foregoing territorial and time limitations are reasonable and properly required for the adequate protection

of the business of the Company. In the event any such territorial or time limitation is deemed to be unreasonable by a court of competent

jurisdiction, Executive agrees to the reduction of either said territorial or time limitation to such area or period which said court

shall have deemed reasonable.

d. The

existence of any claim or cause of action by Executive against the Company or any subsidiary other than under this Agreement shall not

constitute a defense to the enforcement by the Company or any subsidiary of the foregoing restrictive covenants, but such claim or cause

of action shall be litigated separately.

11. CONFIDENTIALITY.

a. The

Executive shall not, during the term of this Agreement, and at any time following termination of this Agreement, directly or indirectly,

disclose or permit to be known, to any person, firm or corporation, any confidential information acquired by them during the course of

or as an incident to their engagement hereunder, relating to the Company or any of its subsidiaries, the directors of the Company or its

subsidiaries, any client of the Company or any of its subsidiaries, or any corporation, partnership or other entity owned or controlled,

directly or indirectly, by any of the foregoing, or in which any of the foregoing has a beneficial interest, including, but not limited

to, the business affairs of each of the foregoing. Such confidential information shall include, but shall not be limited to, proprietary

information, trade secrets, know-how, market studies and forecasts, competitive analyses, the substance of agreements with clients and

others, client lists and any other documents embodying such confidential information.

3

b. All

information and documents relating to the Company, its affiliates as hereinabove described (or other business affairs) shall be the exclusive

property of the Company, and Executive shall use their best efforts to prevent any publication or disclosure thereof. Upon termination

of this Agreement, all documents, records, reports, writings and other similar documents containing confidential information, including

copies thereof, then in Executive’s possession or control shall be returned and left with the Company.

12. RIGHT

TO INJUNCTION. The Executive recognizes that the services to be rendered by them hereunder are of a special, unique, unusual, extraordinary

and intellectual character involving skill of the highest order and giving them peculiar value, the loss of which cannot be adequately

compensated for in damages. In the event of a breach of this Agreement by Executive, the Company shall be entitled to injunctive relief

or any other legal or equitable remedies. Executive agrees that the Company may recover by appropriate action the amount of the actual

damage caused the Company by any failure, refusal, or neglect of Executive to perform their agreements, representations and warranties

herein contained. The remedies provided in this Agreement shall be deemed cumulative and the exercise of one shall not preclude the exercise

of any other remedy at law or in equity for the same event or any other event.

13. AMENDMENT

OR ALTERATION. No amendment or alteration of the terms of this Agreement shall be valid unless made in writing and signed by both

of the parties hereto.

14. INDEMNIFICATION.

In addition to any rights Executive may have under the Company’s charters, bylaws, or other governing documents, the Company agrees to

indemnify Executive and hold Executive harmless, both during the Term and thereafter, against all costs, expenses (including, without

limitation, fines, excise taxes and attorneys’ and accountants’ fees) and liabilities (other than settlements to which the Company

does not consent, which consent shall not be unreasonably withheld) (collectively, “Losses”) reasonably incurred

by Executive in connection with any claim, action, proceeding or investigation brought against or involving Executive with respect to,

arising out of or in any way relating to Executive’s employment with the Company or as an officer thereof; provided, however, that

the Company shall not be required to indemnify Executive for Losses incurred as a result of Executive’s intentional misconduct or gross

negligence (other than matters where Executive acted in good faith and in a manner he reasonably believed to be in and not opposed to

the Company’s best interests). Executive shall promptly notify the Company of any claim, action, proceeding or investigation under this

paragraph and the Company shall be entitled to participate in the defense of any such claim, action, proceeding or investigation and,

if it so chooses, to assume the defense with counsel selected by the Company; provided that Executive shall have the right to employ

counsel to represent Executive (at the Company’s expense) if Company counsel would have a conflict of interest in representing both the

Company and Executive. The Company shall not settle or compromise any claim, action, proceeding or investigation without Executive’s consent,

which consent shall not be unreasonably withheld; provided, however, that such consent shall not be required if the settlement

entails only the payment of money (and no admission of guilt or wrong doing by Executive) and the Company fully indemnifies Executive

in connection therewith. The Company further agrees to advance any and all reasonable expenses (including, without limitation, attorneys’

fees and expenses) incurred by Executive in connection with any such claim, action, proceeding or investigation, regardless of whether

Executive remains employed by the Company at the time such matter is commenced, provided it arises out of or relates to Executive’s service

to the Company. The Company, as soon as reasonably possible, will obtain and maintain a policy of directors’ and officers’ liability insurance

covering Executive and, notwithstanding the expiration or earlier termination of this Agreement, the Company shall maintain a directors’

and officers’ liability insurance policy covering Executive for a period of time following such expiration or earlier termination equal

to the statute of limitations for any claim that may be asserted against Executive for which coverage is available under such directors’

and officers’ liability insurance policy. The provisions of this paragraph shall survive the termination of this Agreement without limitation.

4

15. GOVERNING

LAW. All matters concerning the validity, construction, interpretation and performance under this Agreement shall be governed by the

laws of the Texas, without giving effect to any conflict of laws principles thereunder.

16. SEVERABILITY.

The holding of any provision of this Agreement to be illegal, invalid or unenforceable by a court of competent jurisdiction shall not

affect any other provision of this Agreement, which shall remain in full force and effect.

17. NOTICES.

Any notice hereunder by either party to the other shall be given in writing by personal delivery or by registered mail, return receipt

requested, addressed, if to the Company, to the attention of the Company’s Chief Executive Officer at the Company’s principal

offices or to such other address as the Company may designate in writing to Executive, and if to Executive, to her most recent home address

on file with the Company. Notice shall be deemed given, if by personal delivery, on the date of such delivery or, if by registered mail,

on the date shown on the applicable return receipt.

a. If to the Company:

Olenox Industries Inc.

1207 N FM 3083 Rd E

Conroe, TX 77304

Attn: Mike McLaren, CEO

b. If to the Executive:

Kimberly Hawley

18. WAIVER

OR BREACH. It is agreed that a waiver by either party of a breach of any provision of this Agreement shall not operate or be construed

as a waiver of any subsequent breach by that same party.

19. ENTIRE

AGREEMENT AND BINDING EFFECT. This Agreement contains the entire agreement of the parties with respect to the subject matter hereof

and shall be binding upon and inure to the benefit of the parties hereto and their respective legal representatives, heirs, distributees,

successors and assigns.

20.

ASSIGNMENT. This Agreement may not be transferred or assigned by either party without the prior written consent of the other party.

21. SURVIVAL.

The termination of this Agreement hereunder shall not affect the enforceability of Sections 10 and 11 hereof.

22. FURTHER

ASSURANCES. The parties agree to execute and deliver all such further instruments and take such other and further action as may be

reasonably necessary or appropriate to carry out the provisions of this Agreement.

23. HEADINGS.

The Section headings appearing in this Agreement are for purposes of easy reference and shall not be considered a part of this Agreement

or in any way modify, amend or affect its provisions.

24. COUNTERPARTS.

This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together, shall constitute

one instrument.

5

IN WITNESS WHEREOF,

the parties have executed this Agreement as of the date and year first above written.

COMPANY

EXECUTIVE

Olenox Industries Inc.

By:

/s/ Mike McLaren

/s/ Kimberly Hawley

Mike McLaren, CEO

Kimberly Hawley

6

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- Definition

Local phone number for entity.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Exchange Act

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-Section 13e

-Subsection 4c

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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- Definition

Title of a 12(b) registered security.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Namespace Prefix:

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Data Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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- Definition

Trading symbol of an instrument as listed on an exchange.

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No definition available.

+ Details

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Namespace Prefix:

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Data Type:

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Period Type:

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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