secwatch.observer — SEC 8-K summary
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Issuer:     RELIABILITY INC (RLBY)
CIK:        0000034285
Form:       8-K
Filed at:   2021-09-09T23:59:59+00:00
Accession:  0001493152-21-022242
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34285/000149315221022242/0001493152-21-022242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34285/000149315221022242/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-022242

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer