---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-022242"
form_type: "8-K"
ticker: "RLBY"
cik: "0000034285"
company_name: "RELIABILITY INC"
filed_at: "2021-09-09T23:59:59+00:00"
generated_at: "2026-06-29T04:59:24.638475+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Reliability enters new employment agreements with CEO Tsahalis and CFO Speck through Aug 2023

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-21-022242
- form_type: 8-K
- ticker: RLBY
- cik: 0000034285
- company_name: RELIABILITY INC
- filed_at: 2021-09-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34285/000149315221022242/0001493152-21-022242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34285/000149315221022242/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-022242
- JSON: https://secwatch.observer/filing/0001493152-21-022242.json
- Plain text: https://secwatch.observer/filing/0001493152-21-022242.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.