What changed in this filing

/stocks — the workspaceLOADING

Item 5. Other Information

2020-08-14 compared with 2020-06-15 · 40 added, 6 removed, 18 unchanged (72% of the section changed)

Other Information

August 10, 2020, the Board of Directors of Reliability Incorporated (the “Company”) appointed Louis Parks to the Board

of Directors.

Generally, Mr.

Parks will serve as an independent director under the Company’s criteria for determining director

independence.

Parks was also appointed as a member of each of the Company’s Compensation Committee and Audit Committee.

Parks is Managing Member at Tyro Capital Management LLC, serving as the firm’s COO, CFO and CCO.

Parks has spent

over 30 years on Wall Street in various capacities of senior management.

In addition, he is an investor who focuses on providing

capital and expertise to small companies.

Parks was previously Senior Managing Director, Head of Equities at CL King &

Associates as well as Senior Managing Director, Head of Equity Trading at Raymond James Financial.

Parks began his career

as an institutional equity sales trader covering both domestic and international accounts for Morgan Stanley & Company and

Bernstein & Company.

Parks holds Master of Business Administration and Master of Arts degrees from Columbia

University, as well as Bachelor of Arts degrees from Columbia University, magna cum laude, Phi Beta Kappa and New York University,

He serves on several not-for-profit boards and was the recipient of Columbia University’s 2018 Alumni Medal.

are no arrangements or understandings between Mr.

Parks and any other person pursuant to which Mr.

Parks was appointed to serve

as a director, nor are there related party transactions requiring disclosure pursuant to Item 404(a) of Regulation S-K under the

Securities Exchange Act of 1934, as amended.

Parks will receive the same compensation for service on the Board as that of the other non-employee directors of the Company.

Non-employee directors, including Mr.

Parks, are entitled to receive $5,000 per quarter as compensation for their Board service.

his appointment to the Board, the Company intends to enter into its standard form of indemnification agreement for directors with

Parks, which indemnification agreement, among other matters, is intended to provide indemnification rights to the fullest

extent permitted under applicable law, including the applicable indemnification rights statutes in the State of Texas, and is

in addition to any rights a director may have under the Company’s organizational documents.

The Company’s form of

indemnification agreement is filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities

and Exchange Commission on December 20, 2019 and incorporated herein by reference.

following exhibits are filed as part of this report:

CEO Certification Pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934.

CFO Certification Pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934.

CEO and CFO Certification Pursuant to 18 U.S.C.

Certification Pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934.

and CFO Certification Pursuant to 18 U.S.C.

Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of

7 unchanged sentences

and Chief Financial Officer