Reliant Holdings, Inc. (OTCQB:RELT), a construction special trade contractor based in Nevada, has reported significant changes to its executive team and corporate structure according to a recent 8-K filing with the Securities and Exchange Commission. The company's stock, currently trading at $0.09, has shown remarkable momentum with a 193% gain over the past six months. For deeper insights into RELT's performance metrics and growth potential, InvestingPro offers comprehensive analysis and exclusive ProTips.
On Monday, the company accepted the resignation of Claude Zdanow from his role as President, effective December 2, 2024. Zdanow will continue to serve as CEO and Director. Christopher Becker was appointed as the new President on the same day. Becker brings over seven years of strategic leadership experience, having previously served as the President of Integrum Group, LLC, a subsidiary of Reliant Holdings.
Additionally, Patricia Kaelin, CPA, was appointed as Chief Financial Officer on December 1, 2024. Kaelin has more than 25 years of executive experience and has served as CFO for several large privately held companies. Her expertise includes financial management, strategic planning, and financial reporting.
The company also announced amendments to its Articles of Incorporation, which were filed with the Secretary of State for Nevada on December 23, 2024. The amendments increased the authorized number of common stock to 450 million shares and modified the bylaws to allow stockholder actions to be taken without a meeting if consented to in writing by a majority of the share entitlement. With the stock showing a 50% gain year-to-date, investors seeking detailed analysis of these corporate actions can access exclusive insights through InvestingPro's comprehensive coverage.
The 8-K filing made no mention of any material plans, contracts, or other arrangements with the new appointees. Furthermore, neither Becker nor Kaelin has been subject to any bankruptcy petitions, criminal proceedings, or any sanctions by regulatory or self-regulatory organizations in the past ten years.
This restructuring comes as Reliant Holdings continues to navigate the construction industry, with no additional comments submitted by Mr. Zdanow regarding this filing. The information is based on a press release statement and provides insights into the company's latest corporate governance and management decisions. For investors looking to track RELT's performance metrics and receive real-time updates, InvestingPro offers advanced analytics and exclusive financial insights.
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