Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 6, 2023, the Board of Directors (the "Board") of Safe & Green Holdings Corp. (the "Company"), appointed Elizabeth Cormier-May to serve as a director of the Company. Ms. Cormier-May was also appointed to serve as a member of the Audit Committee of the Board and the Compensation Committee of the Board.

Ms. Cormier-May, age 41, serves and has served since Jan 2022 as Senior Vice President and Chief Commercial Officer of IV Bioholdings, LLC, a privately held bio-innovation platform seeking to conceive, create and develop first-in-category precision health technologies and companies that radically improve detection, diagnosis and treatment of disease, serves and has served since March 2021 as a director and Chief Executive Officer of Mammogen. Inc.,a privately held Women's health diagnostics start-up, part of the IV BioHoldings, LLC bio innovation studio, and serves and has served since April 2019, as Chairman of the Board, Co-Founder and Chief Executive Officer of Dragonfly Data Ventures, Inc., a privately held data influence platform, seeking to create a gamified consumer platform that allows users to own, manage, and monetize their health, wellness, fitness, and transactional data. From May 2016 to March 2019, Ms. Cormier-May served as Vice President and Head of Commercial Diagnostics of Exosome Diagnostics, Inc., a personalized healthcare company acquired by Bio-Teche in August 2018. From June 2004 to May 2016, Ms. Cormier-May served in a number of management capacities with various multi-national and other companies in the healthcare and drug development industries. Ms. Cormier-May earned her undergraduate degree in organic chemistry from Wheaton College.

Ms. Cormier-May will receive the standard compensation available to the Company's current non-employee directors, which is an annual fee of $80,000 for serving on the Board and for committee service, and an annual grant of restricted stock units (RSUs) under the Corporation's Stock Incentive Plan, as amended, having a value of $80,000 on the date of grant, vesting on the one-year anniversary of the grant date, subject to her continued service as a director through such date.

There are no family relationships between Ms. Cormier-May and any of the Company's directors or executive officers, nor does Ms. Cormier-May have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Other than as described above, there were no arrangements or understandings by which Ms. Cormier-May was appointed as a member of the Board.




Item 8.01. Other Events.

On January 9, 2023, the Company issued a press release announcing the appointment of Elizabeth Cormier-May to the Board. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.





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Item 9.01 Financial Statements and Exhibits.





(d) Exhibits

The following exhibits are filed with this Current Report on Form 8-K:





Exhibit
Number     Exhibit Description

99.1         Press Release of Safe & Green Holdings Corp., dated January 9, 2023
104        Cover Page Interactive Data File (the cover page XBRL tags are embedded
           within in the inline XBRL document)




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