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OneMove Capital Calls on Sylogist Board to Start Accepting Accountability: Directors Who Have Overseen Years of Value Destruction Should Step Aside Now and Not Further Entrench Themselves Through a Mismanaged CEO Hire
OneMove Capital Calls on Sylogist Board to Start Accepting Accountability: Directors Who Have Ove...
About this update from Sylogist Ltd.
[{"type":"text","content":"\n\n\nOneMove Capital Calls on Sylogist Board to Start Accepting Accountability: Directors Who Have Overseen Years of Value Destruction Should Step Aside Now and Not Further Entrench Themselves Through a Mismanaged CEO Hire\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nProposes Simplified Structure for May 12 Meeting for Benefit of All Shareholders and Requests Confirmation from the Company that it Will NOT Move Meeting Date Again Veteran Investment Banker Jonny Franklin-Adams Joins Slate of Four Highly-Qualified, Independent Director Nominees for Election at the May 12 Meeting of ShareholdersBRIDGETOWN, Barbados, April 13, 2026 /CNW/ -- OneMove Capital Ltd. (\"OneMove\"), the largest independent shareholder of Sylogist Ltd. (TSX: SYZ) (\"Sylogist\" or the \"Company\") owning approximately 15% of the Company's outstanding shares, today called on the Sylogist Board of Directors (the \"Board\") to finally act in the best interests of Sylogist shareholders. Sylogist directors who have presided over years of severe value destruction should accept accountability and step aside before May 12 rather than rush through a mismanaged CEO hire to prolong their position on the Board.\nThe CEO Process is Broken and Mismanaged After the Board initially paused its CEO search, OneMove has heard that it is now rushing to hire a CEO – even expressing that it does not feel it is necessary to meet candidates in person. This Board has shown NO evidence that it is capable of overseeing an effective CEO search process, and has lost the faith of Sylogist shareholders. OneMove has heard from multiple CEO candidates who have spoken to the Board about the role, and each expressed their reservations about the interview process and about partnering with current directors. This stop-again, start-again, broken CEO process is yet another example of the Board's grave mismanagement misguided oversight and lack of understanding of the business, its industry and the issues it faces.The Board Must Accept Accountability OneMove is committed to bri...