ONAR Holding Corp expands board, appoints new director

On June 10, 2025, ONAR Holding Corporation, a construction special trade contractor based in Nevada, announced the appointment of Howard Palefsky to its Board of Directors. The appointment, effective immediately, expands the Board to three directors. Palefsky’s extensive background includes serving as President of Victoria Capital Management Inc. since January 2016 and as a managing director at Montreux Equity Partners from 2002 to 2015, where he focused on healthcare industry investments.

Palefsky brings significant experience to ONAR Holding Corp, having previously held the position of Chairman, President, and CEO of Collagen Corporation from 1978 to 1997. His academic credentials include a Bachelor of Science in Mathematics from the City College of the City University of New York and an MBA from Stanford University.

The company disclosed that there is no arrangement or understanding between Palefsky and any other persons regarding his election to the Board. Palefsky will receive an annual fee of $12,000, paid quarterly, for his service on the Board. Additionally, he is entitled to reimbursement for reasonable out-of-pocket expenses and an initial grant of $20,000 in restricted stock units under the company’s omnibus incentive plan.

The announcement, filed with the Securities and Exchange Commission on Friday, June 13, 2025, further stated that Palefsky does not have any material interest in any transaction that would require disclosure under SEC regulations.

This appointment comes as ONAR Holding Corp, formerly known as Reliant Holdings, Inc., continues to operate within the OTCQB market under the trading symbol ONAR. The company’s business address is located in Miami, FL, and the corporate headquarters remain in Los Angeles, CA. The information regarding this corporate governance update is based on the company’s recent SEC filing.

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