EX-99.1
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
Reliability Incorporated
RLBYOTCEQUITYCurrent
Other Events
Item 8.01. Other Events. On December 26, 2025, Reliability Incorporated (the “Company”) received the Arbitrator’s Opinion and Supplemental Award Regarding Proposed Conclusions of the Receiver (the “Supplemental Award”) in the arbitration matter involving Vivos Group, Inc.…
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item
8.01. Other Events.
On
December 26, 2025, Reliability Incorporated (the “Company”) received the Arbitrator’s Opinion and Supplemental Award
Regarding Proposed Conclusions of the Receiver (the “Supplemental Award”) in the arbitration matter involving Vivos Group,
Inc.
The
Supplemental Award adopts and affirms the Receiver’s Proposed Conclusions, with certain clarifications and modifications, and provides
additional directives relating to the enforcement and administration of prior arbitration awards.
The
Supplemental Award:
Affirms
the Receiver’s findings and recommendations regarding the administration and enforcement
of prior arbitration awards;
Imposes
a constructive trust over certain shares of the Company’s common stock held by specified
third parties, restricting the transfer, voting, or other disposition of such shares pending
further court action;
Directs
the Company’s transfer agent to effect the transfer of specified shares of the Company’s
common stock to the Company in accordance with the arbitration awards;
Authorizes
the Company to pursue recoupment and collection actions, including through judicial proceedings,
against certain parties and assets to satisfy outstanding award balances; and
Confirms
that the Company may proceed independently of the Receiver in enforcing and collecting amounts
owed under the arbitration awards.
Certain
aspects of the Supplemental Award contemplate further judicial proceedings to effect enforcement
and recovery; however, the Award materially affirms and clarifies the Company’s rights
and remedies under the arbitration rulings.
The
Company is currently evaluating the Supplemental Award and intends to take appropriate actions
to enforce its rights thereunder, including pursuing any required court filings and transfer
agent actions.
The
Supplemental Award directs the transfer of a substantial number of the Company’s common shares to the Company, subject to further
enforcement and transfer agent actions. The Supplemental Award may be challenged in Maryland State Court, and the Company intends
to move promptly for a court order confirming the Supplemental Award.
Forward-Looking
Statements
This
Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations regarding enforcement,
recovery, and future proceedings related to the arbitration awards. Actual results may differ materially due to risks and uncertainties,
including the outcome of judicial proceedings and enforcement actions. The Company undertakes no obligation to update forward-looking
statements except as required by law.