Reliance Global Group, Inc. 8-K

What Happened

• Reliance Global Group, Inc. (EZRA) filed an 8‑K disclosing leadership changes and compensation actions. On June 18, 2026 the Board appointed Judah Korman as Chief Operating Officer, Zack Wilder as Chief Technology Officer, and promoted Mordy Beyman to Vice President. The company issued a related press release on June 22, 2026 and the Compensation Committee approved equity grants on June 24 and CEO compensation on June 25, 2026.

Key Details

• Judah Korman (age 34) appointed COO effective June 18, 2026; annual base salary $300,000 plus an annual equity award valued at $300,000. Initial tranche: 21,941 restricted shares granted June 24, vesting in installments July–Sept 2026. Korman is the son of director Scott Korman; Scott recused from approval.
• Zack Wilder (age 39) appointed CTO effective June 18, 2026; agreed annual base salary $300,000 and annual equity award valued at $300,000. No shares were granted to him in the June 24 tranche; terms and vesting to be determined.
• Mordy Beyman (age 29) promoted to Vice President; annual base salary $150,000 and annual equity award valued at $150,000. Initial tranche: 7,314 restricted shares granted June 24, vesting in installments July–Sept 2026. Mordy is the son of CEO Ezra Beyman; Ezra recused from approval.
• CEO compensation approved June 25, 2026 (effective July 1, 2026): base salary $513,000; target annual cash bonus $593,000 (discretionary, payable monthly); a fully vested stock award with aggregate grant‑date value $1,058,000 (portion granted June 24 as 151,575 shares, with remaining shares not yet issued); company will pay $45,000 annual life insurance premium on a $1,000,000 policy.
• June 24 equity grants (grant price $3.455/share) included restricted shares to directors and officers (e.g., Ezra Beyman 151,575 shares — grant-date value listed as $523,691 for that tranche).

Why It Matters

• These changes clarify Reliance’s senior operating and technology leadership and set executive pay and equity allocations that affect dilution and executive incentives. Related-party appointments (two appointees are immediate family of existing directors/CEO) were disclosed and approved by disinterested directors. Investors should note the size and timing of equity awards, CEO pay components, and that some equity awards and written employment agreements remain to be finalized and will be disclosed if executed.