What changed in this filing

/stocks — the workspaceLOADING

Item 5. Other Information

2020-11-12 compared with 2020-08-14 · 23 added, 18 removed, 40 unchanged (51% 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.

On July 15, 2020,

Larry Gaffey, a member of the Board of Directors of the Company and a member of the Audit and Compensation Committees thereof,

notified the Company of his intention to retire from the Company’s Board of Directors for personal reasons, effective July

Gaffey did not advise the Company of any disagreement with the Company on any matter relating to its operations,

policies, or practices.

August 10, 2020, 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 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.

19 unchanged sentences

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.

his appointment to the Board, the Company entered into its standard form of indemnification agreement for directors with Mr.

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:

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.

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.

Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

7 unchanged sentences

and Chief Financial Officer