Reliability Incorporated appointed Hannah M. Bible, a member of the Board, to serve as Chairperson of the Board, effective immediately. The Board appointed Lawrence J. Gaffey to serve as an independent director, effective immediately. Mr. Gaffey was nominated to serve as a member of the Board by the Company’s majority stockholders. Mr. Gaffey has served as Chief Financial Officer of Old Dominion Strategies, LLC, since 2017. In addition, since 2012, he has been Managing Member of Gaffey Deane & Talley, LLC. The Board appointed Eric D. Young to serve as the Company’s General Counsel, effective January 6, 2020. Prior to joining the Company, Mr. Young served as a Corporate Partner at Morrison Cohen LLP where he specialized in corporate finance, mergers and acquisitions, private equity transactions, corporate governance, executive compensation and private investment fund formation and operation. In addition, on December 13, 2019, the Board established three committees of the Board: the Audit Committee, the Compensation Committee and the Strategic Advisory Committee. The Board appointed the following directors to serve on the newly established committees: to the Audit Committee: Lawrence J. Gaffey as Chair and Hannah M. Bible as member. To the Compensation Committee: Lawrence J. Gaffey as Chair and Hannah M. Bible as member and to the Strategic Advisory Committee the newly appointed members are Lawrence J. Gaffey, Hannah M. Bible and Nick Tsahalis.