8-K
RELIABILITY INC (RLBY)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): September 7, 2021
ReliabilityIncorporated
(Exact name of registrant as specified in its charter)
| Texas | 000-07092 | 75-0868913 |
|---|---|---|
| (State<br> or other jurisdiction | (Commission | (IRS<br> Employer |
| of<br> Incorporation) | File<br> Number) | Identification<br> Number) |
2505Gateway Center Drive
P.O.Box 71
Clarksburg,MD 20871
(Address of principal executive offices) (Zip Code)
(202)965-1100
(Registrant’s telephone number, including area code)
N/A
(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 (see General Instruction A.2.)
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
|---|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13(c)) | |
| Title<br> of each class | Trading<br> Symbol(s) | Name<br> each exchange on which registered |
| --- | --- | --- |
| Common<br> Stock, no par value | RLBY | OTC<br> Pink Sheets |
| Item 1.01 | Entry<br> into a Material Definitive Agreement | |
| --- | --- |
On September 7, 2021, the Company entered in Arbitration and Tolling Agreements with alleged shareholder Naveen Doki, M.D., and his affiliates and all other persons who were parties to the pending litigations previously reported in the Texas, New York and Maryland courts and before the American Arbitration Association. The Agreements call for the stay or dismissal of the pending litigations, with the parties agreeing to resolve their disputes before a single arbitrator in Maryland. The parties also agreed to maintain the status quo in corporate governance and related matters pending a final non-appealable judgment confirming any award in arbitration. The parties also signed a Tolling Agreement to toll the statute of limitations following the dismissal of a pending litigation. The foregoing descriptions are qualified in their entirety by the text of the agreements, which are annexed as exhibits 13-1 and 13-2 respectively.
| 2 |
| --- |
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<br> INCORPORATED | ||
|---|---|---|
| Date:<br> September 10, 2021 | /s/ Nick Tsahalis | |
| By: | Nick<br> Tsahalis | |
| Its: | President<br> and Chief Executive Officer |
| 3 |
| --- |
EXHIBIT
INDEX
| Exhibit No. | |
|---|---|
| 13-1 | Arbitration Agreement |
| 13-2 | Tolling Agreement |
| 104 | Cover<br> Page Interactive Data File (embedded within the Inline XBRL document) |
| 4 |
| --- |
Exhibit 13.1
Exhibit 13.2
