Business
iolite Called Special Meeting of Dynacor Group Inc. - Rejects Board's Misinformation Campaign Based on Entrenchment and Fear of a Voice that Should be Heard at the Board Level
iolite Capital Management AG, a Switzerland-based investment manager (“ iolite ”...
About this update from Dynacor Group Inc
[{"type":"text","content":"iolite Called Special Meeting of Dynacor Group Inc. - Rejects Board’s Misinformation Campaign Based on Entrenchment and Fear of a Voice that Should be Heard at the Board Level\n\n\n .bwlistdecimal { list-style-type: decimal }\n.bwlistdisc { list-style-type: disc }\n.bwlistlowalpha { list-style-type: lower-alpha }\n.bwuline { text-decoration: underline }\n \n\n\n\n iolite Capital Management AG, a Switzerland-based investment manager (“\n \n iolite\n \n ”), as representative of iolite Partners Ltd. called a special meeting of the holders (\"\n \n Shareholders\n \n \") of common shares of Dynacor Group Inc. (the “\n \n Company\n \n ”) to elect Robert Leitz to the board of directors of the Company which is scheduled to take place on\n \n April 16, 2025\n \n (the \"\n \n Meeting\n \n \").\n \n\n This press release features multimedia. View the full release here:\n \n https://www.businesswire.com/news/home/20250401302769/en/\n \n\n\n\n\n A judge of the Superior Court of Quebec refused to grant a provisional injunction to stop the Meeting.\n \n\n\n\n What did Dynacor do on Monday? They doubled down — further escalating with more unsubstantiated, increasingly aggressive and personal attacks.\n \n\n\n\n This only highlights how out of touch current leadership has become — with reality and with the true owners of the business. It’s time to hold them accountable.\n \n\n\n\n Dynacor needs a board that listens, acts responsibly, and puts shareholders first — not one clinging to power through fear and misdirection.\n \n\n\n\n\n VOTE:\n \n\n\n\n\n REVISED BLUE PROXY: FOR a resolution to set the number of directors of the Company at nine persons\n \n\n\n\n REVISED BLUE PROXY: FOR the election of Mr. Robert Leitz\n \n\n\n\n REVISED BLUE PROXY: AGAINST management’s proposal that iolite be responsible for costs associated with the Meeting\n \n\n\n\n\n\n AS DYNACOR HAS ISSUED A PROXY FORM CALLING FOR A RESOLUTION THAT IOLITE BE RESPONSIBLE FOR COSTS ASSOCIATED WITH THE MEETING, SHAREHOLDERS SHOULD USE THE REVISED FORM OF BLUE PROXY ATTACHED TO THIS PRESS RELEASE WHICH INCLUDES THAT ITEM. NOTE: IF YOU HAVE ALREADY SENT IN YOUR PROXY AND VOTED FOR ITEMS 1 & 2 ABOVE AND DO NOT SEND IN A REVISED PROXY, THE PROXY HOLDER WILL USE ITS DISCRETION TO VOTE AGAINST ITEM 3 ABOVE.\n \n\n\...