8-KThe WireStrategic
Material Agreement · Company Update
Filed Apr 10, 2026 · 2mo ago · Accession 0001493152-26-016224
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date
of Report: April 2, 2026
(Date
of earliest event reported)
RELIABILITY
INCORPORATED
(Exact
name of registrant as specified in its charter)
Texas
000-07092
75-0868913
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS
Employer
Identification No.)
22505
Gateway Center Drive
P.O. Box 71
Clarksburg ,
MD 20871
(Address
of principal executive offices, including zip code)
(202)
965-1100
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, no par value
RLBY
OTC-ID
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
1.01. Entry into a Material Definitive Agreement
As
previously disclosed, on February 16, 2026, Reliability Incorporated (the “Company”) and certain related parties entered
into a Settlement Agreement and General Mutual Release (the “Settlement Agreement”) to resolve outstanding disputes and arbitration
matters involving, among others, Vivos Holdings, LLC and affiliated parties (collectively, the “Vivos Parties”).
Pursuant
to the Settlement Agreement, the Vivos Parties agreed, among other things, to transfer shares of the Company’s common stock to
the Company.
Item
8.01. Other Events.
On
March 20, 2026, the Circuit Court for Montgomery County, Maryland granted the Company’s motion to enter a consent judgment (the
“Consent Judgment”), which was entered by the Clerk on April 2, 2026. The Consent Judgment was entered in connection with,
and as required by, the Settlement Agreement.
The
Consent Judgment follows disclosures included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025,
filed on March 31, 2026, which described the status of the underlying dispute and the anticipated resolution process.
Pursuant
to the Consent Judgment, an aggregate of 253,292,210 shares of the Company’s common stock were transferred to the Company
from the Vivos Parties.
On April 7, 2026 the Company was informed by Equiniti
Shareholder Services, LLC (“Equiniti”), the company’s transfer agent, that the transfers were completed and made effective
April 2,2026.
Upon
completion of the transfer, the shares were returned to the Company and are no longer outstanding. The Company’s authorized number
of shares of common stock was not affected. The reduction in outstanding shares increased the number of shares available for future issuance.
The Company’s transfer agent has reflected these shares as authorized but unissued shares, and not as treasury shares.
As of April 2,
2026, the Company has 46,707,790 shares of common stock outstanding.
As a result of the reduction in shares
outstanding, the relative ownership percentages of the Company’s existing stockholders will be materially affected,
and stockholders should take note of their potential filing obligations.
The Company
intends to call a meeting of shareholders later this year. The company has also amended and restated its Bylaws as of April 10 th , 2026,
as provided in attached Exhibit 3.6. The only change made was to Section 1.1 removing an old principal office address and all prior
amendments have been restated and incorporated therein.
Item
9.01 – Financial Statements and Exhibits
(d)
Exhibits
Exhibit
No.
Description
99.1
Consent
Judgment entered by the Circuit Court for Montgomery County, Maryland
3.6
Amended and Restated Bylaws of Reliability Incorporated effective April 10, 2026.
104
Cover Page Interactive Data (embedded within the Inline XBRL document).
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
RELIABILITY
INCORPORATED
By:
/s/
Nick Tsahalis
Nick
Tsahalis
President
and Chief Executive Officer
Date:
April 10, 2026
Filing details
- Company
- RELIABILITY INC
- Ticker
- RLBY
- CIK
- 34285
- Form type
- 8-K
- Filing date
- Apr 10, 2026
- Report date
- Apr 2, 2026
- Document
- form8-k.htm
- Size
- 3.2 MB