other material
confidence high
sentiment neutral
materiality 0.50
Reliability enters new employment agreements with CEO Tsahalis and CFO Speck through Aug 2023
RELIABILITY INC
- CEO Nick Tsahalis gets base salary of $287,800/yr; eligible for bonuses, equity, benefits.
- CFO Mark Speck gets base salary of $260,000/yr; same benefits and eligibility terms.
- Both agreements run through August 31, 2023; Tsahalis also serves as President/CEO of parent.
- Change-in-control termination entitles Tsahalis to accrued pay plus up to 2x base salary.
- Speck's terms are substantially identical to Tsahalis except for salary.