Reliability Inc. CEO Departs; New President and COO Appointed

What Happened

• Reliability, Inc. (RLBY) filed an 8-K announcing that CEO and director Nicholas Tsahalis mutually agreed to leave his positions effective August 21, 2026. A Separation and Release Agreement between the company and Mr. Tsahalis became effective August 28, 2026, after the revocation period expired.
• The board appointed Mark R. Speck as President of Reliability and its subsidiary Maslow Media Group, Inc. (MMG), effective September 2, 2026; Mr. Speck will continue as Chief Financial Officer for both entities. The board also appointed John Pickeral as Executive Vice President and Chief Operating Officer of the company and MMG, effective September 2, 2026.

Key Details

• Separation agreement effective Aug 28, 2026 (revocation period expired): Mr. Tsahalis left roles effective Aug 21, 2026.
• Cash/benefits: Company will continue to pay Mr. Tsahalis’s base salary of $287,800 for 12 months following Aug 21, 2026, and will pay for COBRA continuation coverage through Dec 31, 2026. These payments replace a potential lump-sum severance of $287,800 that might have been payable within 60 days under his prior employment agreement.
• Officer backgrounds: Mark Speck has served as CFO of Reliability since Oct 2019 and of MMG since Apr 2019. John Pickeral joined MMG in July 2025 as VP of Client Development. Neither appointee has disclosed related-party arrangements requiring Item 404 disclosure.

Why It Matters

• This is a material leadership change: the CEO and a board member have departed, and the company has promoted its long-time CFO to President, which suggests continuity in financial leadership.
• The company has committed to approximately $287,800 in salary continuation plus COBRA costs over the near term, which is a known cash impact investors can expect.
• Investors should note the change in day-to-day management (new President and COO) for Reliability and Maslow Media Group; monitor future filings and company communications for any strategic or operational updates tied to these leadership changes.