RELIABILITY INC (RLBY) Form 8-K — Sep 2, 2026
Reliability, Inc. disclosed that CEO and director Nicholas Tsahalis mutually agreed to leave the company effective August 21, 2026, with his Separation and Release Agreement becoming effective August 28, 2026 after the revocation period expired. Under the separation agreement, Reliability will continue Tsahalis's $287,800 base salary for twelve months following August 21, 2026 and pay COBRA coverage through December 31, 2026, in lieu of a $287,800 lump-sum severance payment.
Key figures
- Speck cfo since
- October 2019 (Company), April 2019 (MMG)
- Pickeral joined mmg
- July 2025
- Cobra coverage through
- December 31, 2026
- Ceo departure effective
- August 21, 2026
- Salary continuation period
- twelve months following August 21, 2026
- Officer appointments effective
- September 2, 2026
- Separation agreement effective
- August 28, 2026
- Severance and salary continuation usd
- 287800
AI analysis
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