The Board Directors of Reliability Incorporated announced Mark Speck, the Chief Financial Officer of the Company, volunteered to resign as a director effective October 7, 2020. On October 7, 2020, the Board of Directors appointed John Chanaud to fill the vacancy created by the resignation of Mark Speck. The initial term as director for Mr. Chanaud will expire upon the election of his replacement at a duly called meeting of shareholders. Mr. Chanaud is independent under the Company’s criteria for determining director independence. It is expected that Mr. Chanaud will be appointed as a member of each of the Company’s Compensation Committee and Audit Committee. John Chanaud is Vice President and Chief Financial Officer of The Bernstein Companies where his primary responsibility is financial oversight and planning for the Company along with budgeting, reporting and financial controls of Bernstein’s hotel and commercial office group. This includes financial and tax planning, treasury management, and financial statement preparation as well as working closely with outside auditors and accounting firms. Additionally, John oversees the asset management and servicing of the Company’s structured finance group. He is a 1986 graduate of Towson University with a BS degree in Accounting. Prior to joining Bernstein in 1997, Mr. Chanaud was a Senior Manager for a regional public accounting and consulting firm. Mr. Chanaud is a member of the American Institute of Certified Public Accountants and the Maryland Association of CPAs.