Business
Omni-Lite Industries Canada Announces Leadership Transition To Accelerate Its Transformation Into A High-Performance Serial Acquiror of Niche Aerospace and Defense Businesses and Assets
Board of Directors  Search for New CEO to Lead Next Stage of Transformation Human Resourc...
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"Omni-Lite Industries Canada Announces Leadership Transition To Accelerate Its Transformation Into A High-Performance Serial Acquiror of Niche Aerospace and Defense Businesses and Assets\nBoard of Directors  Search for New CEO to Lead Next Stage of TransformationHuman Resources and Governance Committee to Spearhead the ProcessDavid Robbins to Serve as Interim CEO and Focus on Growth Opportunities at MonziteCompany Announces Preliminary Fourth Quarter Fiscal 2025 Results LOS ANGELES, CALIFORNIA, March 09, 2026 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada, Inc. (the \"Company\" or “Omni-Lite”; TSXV: OML; OTCQX: OLNCF) today announced a planned leadership transition to accelerate the next stage of its transformation into a high‑performance serial acquiror of niche aerospace and defense businesses and assets. On behalf of the Company’s Board of Directors, the Human Resources and Governance Committee has initiated a search process to identify the Company’s next Chief Executive Officer to lead this next phase. In the interim, the Company has entered into an agreement with David Robbins pursuant to which he will serve as Interim Chief Executive Officer during the search period. Upon the appointment of a new CEO of the Company, Mr. Robbins is expected to transition to President of Monzite, Omni‑Lite’s microelectronics platform, where the Company sees substantial organic and inorganic growth opportunities. “We believe there is meaningful upside in our microelectronics business, and we are confident that Monzite will benefit from having Dave’s full attention,” said Roger Dent, Chair of Omni-Lite’s Board of Directors. “His deep knowledge of the business, customers, and end markets positions him well to capitalize on the opportunities we see in this area.” Preliminary Financial Results | Fourth Quarter Fiscal 2025 The Company is also providing the following preliminary, unaudited financial results for the fourth quarter of fiscal 2025 (3-months ended December 31, 2025): Revenue:  approximately US$4.1 million Adjusted EBITDA(1):  approximately US$150,000 Bookings: approximately US$5.5 million, representing a book-to-bill of 1.3; resulting in a historical high Backlog of over US$8.0. million ...