Business
It's Time to Set Things Right at Dynacor and Ensure the Viability and Success of the Company
iolite Urges Dynacor Shareholders to WITHHOLD Votes at the June 19, 2026 AGM *Dynacor n...
About this update from Dynacor Group Inc
[{"type":"text","content":"It’s Time to Set Things Right at Dynacor and Ensure the Viability and Success of the Company\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistdecimal { list-style-type: decimal }\n.bwpadl0 { padding-left: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwuline { text-decoration: underline }\n.bwvertalignt { vertical-align: top }\n \n\n\n\n\n iolite Urges Dynacor Shareholders to WITHHOLD Votes at the June 19, 2026 AGM\n \n\n\n\n\n *Dynacor needs appropriate and proper oversight, direction and leadership.\n \n\n\n\n\n\n *Its stakeholders deserve nothing less.\n \n\n\n\n\n\n *It has not been the case and things need to change in the best interest of the Company and the business\n \n\n\n\n in which shareholders have invested.\n \n\n\n\n\n\n Days after the Corporation announced the conclusion of an independent investigation and the completion of a \"transformational restructuring\", the architects of that restructuring -- the new senior leadership installed at Veta Dorada, the Peruvian subsidiary generating 100% of Dynacor's revenue -- were terminated. The Chairman stepped down. The designated President & CEO was quietly removed from the ballot to be elected as a director at the next AGM without explanation.\n \n\n\n\n\n\n Since mid-2024, the Corporation undertook what it described to shareholders as a \"strengthening\" of its Peruvian operations. In reality, what took place was a wholesale replacement of almost the entire leadership team that had built this business over two decades, and more than half of its 550-person workforce. The consequences were significant and, for the most part, never disclosed. The directors that are now asking to be re-elected initiated the “restructuring”, oversaw it, failed to provide shareholders with appropriate disclosure about its purpose, details and consequences, declared it complete on April 22 -- and then dismissed most of the very team they had installed to execute it.\n \n\n\n\n\n\n Over more...