Current Report · Items 5.02, 9.01 · 8-K
Reliability Incorporated
RLBYOTCEQUITYCurrent
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (b) Departure of Chief Executive Officer and Director. On August 28, 2026, Mr. Nicholas Tsahalis, Chief Executive Officer of Reliability, Inc.…
Disclosure sections
Item 5.02Item 5.02 - Departure/Election of Directors
Item
5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers
(b) Departure of Chief Executive Officer and Director. On August 28, 2026, Mr. Nicholas Tsahalis, Chief Executive Officer of Reliability, Inc. (“Company”), responsible for
The Maslow Media Group, Inc., a wholly named subsidiary of the Company, has mutually agreed to leave his position with the Company effective
August 21, 2026. Mr. Tsahalis also agreed to leave the Board of Directors. In connection with his departure, the Company and
Mr. Tsahalis entered into a Separation and Release Agreement (the “Separation Agreement”), which became effective August
28, 2026, upon expiration of its revocation period.
Under
the Separation Agreement, the Company will (i) continue to pay Mr. Tsahalis’s base salary of $287,800 for twelve months following
August 21, 2026, and (ii) pay for COBRA continuation coverage through December 31, 2026. These payments are made in lieu of the lump-sum
severance payment of $287,800 which may have been payable within 60 days of termination, to which Mr. Tsahalis may have otherwise
have been entitled under his employment agreement with the Company. The foregoing description is qualified in its entirety by reference
to the Separation Agreement, filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
(c)
Appointment of Certain Officers. The Board approved the following officer appointments, effective September 2, 2026:
Mark
Speck was appointed President of the Company and its wholly owned subsidiary, Maslow Media Group, Inc. (“MMG”), and will
continue to serve as Chief Financial Officer of both entities, a role he has held with the Company since October 2019 and with MMG since
April 2019.
John
Pickeral was appointed Executive Vice President and Chief Operating Officer of the Company and MMG. Mr. Pickeral joined MMG in July
2025 as Vice President of Client Development.
Neither
Mr. Speck nor Mr. Pickeral has any arrangement or understanding with any other person pursuant to which he was selected as an officer,
has a family relationship with any director or executive officer of the Company, or is a party to a transaction requiring disclosure
under Item 404(a) of Regulation S-K.