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Reiner exit deal at CreditRiskMonitor.com, Inc. (CRMZ) includes $120K severance

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(Neutral)
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Form Type
8-K/A

Rhea-AI Filing Summary

CreditRiskMonitor.com, Inc. amends a prior report to describe a finalized Separation Agreement with former Chief Accounting Officer David Reiner, whose employment ended on February 27, 2026.

The agreement, dated March 19, 2026 and effective March 27, 2026, provides Mr. Reiner with $120,000 in severance, paid in three installments of $40,000, in exchange for a general release of claims.

Positive

  • None.

Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Total severance $120,000 Aggregate severance under Separation Agreement
Installment amount $40,000 Each of three severance installments
Employment termination date February 27, 2026 Date employment of Chief Accounting Officer ended
Agreement date March 19, 2026 Date Separation Agreement was entered
Effective date March 27, 2026 End of revocation period; agreement effective
Signature date April 1, 2026 Date CEO signed the report
Separation Agreement and General Release regulatory
"The Separation Agreement requires the Company to pay Mr. Reiner..."
revocation period regulatory
"which became effective on March 27, 2026, which is the end of the revocation period..."
agent for service of process regulatory
"may be directed to the agent for service of process at InCorp Services, Inc."
remote-only company other
"We are a remote-only company. Accordingly, we do not maintain a headquarters."
principal executive offices regulatory
"communication required to be sent to our principal executive offices may be directed..."
Understanding 8-K Material Events →
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K/A
Amendment No. 1

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 27, 2026

CreditRiskMonitor.com, Inc.
(Exact name of registrant as specified in its charter)

Nevada
  
1-8601
  
36-2972588
(State or other jurisdiction of incorporation)
  
(Commission File Number)
  
(IRS Employer Identification No.)

Address Not Applicable1
(Address of principal executive offices, including zip code)

(845) 230-3000
(Registrant’s telephone number, including area code:

Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol(s)
Name of each exchange on which registered
None
N/A
N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company
 ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

1 We are a remote-only company. Accordingly, we do not maintain a headquarters. For purposes of compliance with applicable requirements of the Securities Act of 1933 and Securities Exchange Act of 1934, each as amended, any stockholder communication required to be sent to our principal executive offices may be directed to the agent for service of process at InCorp Services, Inc., 9107 West Russell Road Suite 100, Las Vegas, NV, 89148-1233.

Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On March 4, 2026, CreditRiskMonitor.com, Inc. (the “Company”) filed a Current Report on Form 8-K (“Original Form 8-K”) under Item 5.02 reporting the February 27, 2026 termination of employment of David Reiner, formerly the Company’s Chief Accounting Officer. On March 19, 2026, the Company and Mr. Reiner entered into a Separation Agreement and General Release (“Separation Agreement”) which became effective on March 27, 2026, which is the end of the revocation period set forth in the Separation Agreement. The Separation Agreement requires the Company to pay Mr. Reiner an aggregate of $120,000 in severance payments over three installment payments of $40,000 each and provides the Company with a general release of claims. The Separation Agreement is filed herewith as Exhibit 10.1.

Item 9.01
Financial Statements and Exhibits.

Exhibit No. Description


10.1
 Separation Agreement between David Reiner and the Company dated March 19, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CREDITRISKMONITOR.COM, INC.

(REGISTRANT)

Date: April 1, 2026
 By: /s/ Michael I. Flum


Michael I. Flum


Chief Executive Officer and President


Source: View Original Filing on SEC EDGAR

FAQ

What does CreditRiskMonitor.com, Inc. (CRMZ) disclose in this 8-K/A amendment?

The amendment details a finalized Separation Agreement with former Chief Accounting Officer David Reiner. It outlines his severance terms and confirms the agreement’s effective date following the revocation period specified in the contract.

How much severance will David Reiner receive from CreditRiskMonitor.com, Inc. (CRMZ)?

David Reiner will receive $120,000 in severance from the company. The payment is structured as three separate installment payments of $40,000 each, as described in the Separation Agreement filed as an exhibit.

When did David Reiner’s employment with CreditRiskMonitor.com, Inc. (CRMZ) terminate?

His employment terminated on February 27, 2026. This termination was previously reported, and the current amendment updates investors on the specific separation terms agreed after that date between the company and Mr. Reiner.

When did the Separation Agreement with David Reiner become effective at CreditRiskMonitor.com, Inc. (CRMZ)?

The Separation Agreement became effective on March 27, 2026. That date marks the end of the revocation period specified in the agreement, after which its terms, including severance payments and release of claims, are binding.

How is CreditRiskMonitor.com, Inc. (CRMZ) handling principal executive office communications as a remote-only company?

As a remote-only company, it does not maintain a physical headquarters. Stockholder communications required for its principal executive offices may be directed to its agent for service of process at InCorp Services, Inc. in Las Vegas, Nevada.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

Other Documents