Reliant Holdings Inc
For the period ended Dec 31, 2023. Filed Apr 18, 2024.
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FY2023 · Filed Apr 18, 2024
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ITEM 11. EXECUTIVE COMPENSATION
The following table sets forth information concerning the compensation of (i) all individuals serving as our principal executive officer or acting in a similar capacity during the last completed fiscal year (“PEO”), regardless of compensation level; (ii) our two most highly compensated executive officers other than the PEO who were serving as executive officers at the end of the last completed fiscal year, if any; and (iii) up to two additional individuals for whom disclosure would have been provided pursuant to paragraph (ii) but for the fact that the individual was not serving as an executive officer at the end of the last completed fiscal year (collectively, the “Named Executive Officers”).
Summary Compensation Table*
| Name And Principal Position | Fiscal Year EndedDecember 31 | Salary($) | Bonus($) | StockAwards($)# | Option Awards($)# | All Other Compensation($) | Total($) |
|---|---|---|---|---|---|---|---|
| Elijah May, | 2023 | 115,682 | 37,500 | — | — | — | 153,182 |
| CEO, President and COO | 2022 | 217,987 | 25,000 | — | — | 242,987 |
| * | Does not include perquisites and other personal benefits, or property, unless the aggregate amount of such compensation is more than $10,000. No executive officer earned any non-equity incentive plan compensation or nonqualified deferred compensation during the periods reported above. |
|---|---|
| # | The fair value of stock issued for services computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 on the date of grant. The fair value of options granted computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 on the date of grant. |
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We do not provide our officers or employees with pension, stock appreciation rights, long-term incentive, profit sharing, retirement or other plans, although we may adopt one or more of such plans in the future.
We do not maintain any life or disability insurance on any of our officers.
We do not have any outstanding options, warrants or other securities which provide for the issuance of additional shares of our common stock as compensation for services of directors or officers.
We have no directors other than Mr. May, who is our sole executive officer and whose compensation is included above.
Employment Agreements; Outstanding Equity Awards; Key Man Insurance
Employment Agreements
The Company does not have any employment agreements in place with any of its executive officers. The Board of Directors (consisting solely of Mr. May), reserves the right to increase Mr. May’s salary, and/or to grant him equity awards, including stock, options or other equity securities, from time to time, as additional compensation or bonuses.
Outstanding Equity Awards at Fiscal Year-End
The Company: (i) did not grant any stock options to its executive officers or directors during the year ended December 31, 2023; (ii) did not have any outstanding unvested equity awards as of December 31, 2023; and (iii) had no options exercised by its Named Executive Officers in the fiscal year ended December 31, 2023.
Key Man Insurance
The Company does not hold “Key Man” life insurance on any of its officers or directors.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.