Source-grounded facts extracted from Reliance Global Group, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Reliance Global Group, Inc. amended amendment to the Note with YES Americana Group, LLC valued at principal amount of the Note was increased to $1,845,000 (effective 2023-02-07).
“On February 7, 2023, the Company and Americana entered into an amendment to the Note (the "Amendment"), pursuant to which (i) the principal amount of the Note was increased to $1,845,000”
William Lebovics changed role as Senior Vice President of Acquisitions at Reliance Global Group, Inc..
“the Board approved Mr. Lebovics’ to assume the role of Senior Vice President of Acquisitions of the Company.”
Joel Markovits changed role as Chief Financial Officer at Reliance Global Group, Inc..
“promoted its current Chief Accounting Officer, Joel Markovits, to the position of Chief Financial Officer.”
Material Agreements
Reliance Global Group, Inc. amended Purchase Agreement with Altruis Benefits Consulting, Inc. valued at 1,391,572 shares of Common Stock (effective 2022-12-27).
“On December 27, 2022, the Company and Altruis agreed to increase the number of shares of the Company’s common stock, par value $0.086 per share (the “Common Stock”), to be issued under such Section 3.1.3.4 of the Purchase Agreement, to a total of 1,391,572 shares of Common Stock (the “Shares”).”
Earnings Releases
Reliance Global Group, Inc. reported the three months ended September 30, 2022 results: revenue approximately $4.2 million, net income approximately $6.1 million.
“Revenue for the three months ended September 30, 2022, was approximately $4.2 million”
Shareholder Votes
Reliance Global Group, Inc. shareholders approved Recommendation Frequency of Holding an Advisory Vote on Executive Compensation at the 2022-10-27 meeting.
“Proposal No. 4 — Recommendation Frequency of Holding an Advisory Vote on Executive Compensation The stockholders approved a three-year frequency for holding an advisory vote on executive compensation. One Year Two Years Three Years Abstain Broker Non-Votes 761,428 41,502 5,657,993 16,140 4,072,958”
Shareholder Votes
Reliance Global Group, Inc. shareholders approved Advisory Approval of Executive Compensation at the 2022-10-27 meeting.
“Proposal No. 3 — Advisory Approval of Executive Compensation The stockholders approved the advisory approval of executive compensation. For Against Abstain Broker Non-Votes 6,216,922 225,725 34,416 4,072,958”
Shareholder Votes
Reliance Global Group, Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm (Mazars USA LLP) at the 2022-10-27 meeting.
“Proposal No. 2 — Ratification of Appointment of Independent Registered Public Accounting Firm (Mazars USA LLP) The stockholders ratified and approved the appointment of Mazars USA LLP as the Company’s independent registered public accounting firm for the year ending on December 31, 2022 For Against Abstain Broker Non-Votes 9,719,922 80,384 749,715 0”
Shareholder Votes
Reliance Global Group, Inc. shareholders approved Election of Directors at the 2022-10-27 meeting.
“Proposal No. 1 — Election of Directors The following five (5) individuals were re-elected as directors, each to serve a until the next Annual Meeting of Stockholders and until such director’s successor is duly elected and qualified with the following votes: For Withheld Broker Non-Votes Ezra Beyman 6,373,371 103,692 4,072,958 Alex Blumenfrucht 6,338,560 138,503 4,072,958 Scott Korman 6,382,207 94,856 4,072,958 Ben Fruchtzweig 6,378,501 98,562 4,072,958 Sheldon Brickman 6,104,805 372,258 4,072,958”
William Lebovics was appointed as Chief Financial Officer at Reliance Global Group, Inc..
“Effective June 1, 2022, Reliance Global Group, Inc. (the “Company”) appointed William Lebovics to serve as Chief Financial Officer (CFO).”
Alex Blumenfrucht resigned as Chief Financial Officer at Reliance Global Group, Inc..
“On May 27, 2022, Alex Blumenfrucht, the Company’s current CFO notified the Board of Directors (the “Board”) of the Company in writing of his decision to resign, which will become effective June 1, 2022, as he wishes to pursue another career opportunity outside the insurance agency industry.”
Grant Barra was appointed as Senior Vice President at Reliance Global Group, Inc..
“On April 26, 2022, Grant Barra was appointed Senior Vice President of the Company.”
Joel Markovits was appointed as Chief Accounting Officer at Reliance Global Group, Inc..
“On February 1, 2022, the Company’s Board appointed Joel Markovits as its Chief Accounting Officer.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.