Business Context and Reporting Period
This Form 8-K Current Report was filed by Reliance Global Group, Inc. (NASDAQ: EZRA) on June 18, 2026. The filing primarily addresses Item 5.02, detailing the appointment of new executive officers and the promotion of an existing officer, effective June 18, 2026. Additionally, the report discloses the approval of the Chief Executive Officer's compensation package effective July 1, 2026, and the granting of restricted stock awards to directors and officers on June 24, 2026.
Key Financial Metrics and Compensation
The filing does not contain standard financial performance metrics such as revenue, profit, cash flow, or debt levels. The financial data provided relates exclusively to executive compensation and equity grants.
- CEO Compensation (Ezra Beyman): Annual base salary of $513,000; target annual cash bonus of $593,000; fully vested stock award valued at $1,058,000; and company-paid life insurance premium of $45,000.
- New Executive Compensation:
- Judah Korman (COO): $300,000 base salary + $300,000 annual equity award.
- Zack Wilder (CTO): $300,000 base salary + $300,000 annual equity award.
- Mordy Beyman (VP): $150,000 base salary + $150,000 annual equity award.
- Equity Grants (June 24, 2026): Restricted Common Stock granted at a closing price of $3.455 per share. Total disclosed grant-date value to named directors and officers was approximately $842,152.
Material Changes
The primary material changes reported are organizational and personnel-related:
- Leadership Appointments: Judah Korman appointed as Chief Operating Officer; Zack Wilder appointed as Chief Technology Officer; Mordy Beyman promoted to Vice President.
- Related Party Transactions: The appointments of Mr. Korman (son of Director Scott Korman) and Mr. Beyman (son of CEO Ezra Beyman) constitute related party transactions. Compensation terms were approved by disinterested board members with the interested parties recusing themselves.
- CEO Compensation Update: The CEO's compensation package was approved with the addition of a $45,000 annual life insurance premium payment by the company, while other components remained unchanged from the prior year.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, forward-looking revenue projections, or management commentary on market outlook. The document focuses on compliance disclosures regarding executive appointments and compensation.
- Contingencies: As of the filing date, written employment agreements had not been executed for the new officers (Korman, Wilder, Beyman). The company stated it will file or incorporate such agreements if entered into in the future.
- Equity Vesting: Initial tranches of equity awards for Mr. Korman and Mr. Beyman vest in installments between July 1 and September 15, 2026. Mr. Wilder's specific share count and vesting schedule remain to be determined.
Investor Verification Checklist
- Verify the execution of written employment agreements for Judah Korman, Zack Wilder, and Mordy Beyman, as none were in place at the time of filing.
- Confirm the final share count and vesting schedule for Zack Wilder's equity award, which was pending determination.
- Review the "2025 Equity Incentive Plan" terms to understand the specific conditions attached to the restricted stock grants.
- Monitor future filings for the issuance of the remaining fully vested stock award to CEO Ezra Beyman, which had not been granted as of the report date.
- Check for any subsequent press releases or filings regarding the strategic rationale for the new C-suite appointments.