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Sylogist AGM Results, Board Committee Appointments, Governance and Shareholder Value Improvements Announced
Sylogist AGM Results, Board Committee Appointments, Governance and Shareholder Value Impro...
About this update from Sylogist Ltd.
[{"type":"text","content":"\n\n\n\nSylogist AGM Results, Board Committee Appointments, Governance and Shareholder Value Improvements Announced\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\n\nCanada NewsWire\nCALGARY, May 1, 2019\n\n\n\n/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\n CALGARY, May 1, 2019 /CNW/ - Sylogist Ltd. (TSXV:SYZ) (\"Sylogist\" or the \"Company\"), is pleased to announce the results of its Annual General and Special Meeting held on May 1, 2019 and the directors election of a chairman and committees for the ensuing year.  In addition, the Company is pleased to announce the Board of Directors today approved a comprehensive plan to improve shareholder value through increased financial performance, M&A focus, enhanced board governance and accelerated growth initiatives.\nAt the Meeting, the shareholders elected James Wilson, David Elder, Ronald Cherkas, Fraser Elliott and Taylor Gray to the Board of Directors of the Company.  At their meeting, immediately following the shareholders' meeting, the Board appointed James Wilson to serve as Board Chairman, and appointed Taylor Gray (Chairman), Fraser Elliott and Ronald Cherkas to each of the Audit and Compensation Committees of the Board.\nGovernance and Executive Compensation Plan Objectives:\nThe Board of Sylogist committed to seeking the addition of a qualified, independent director before its next annual meeting, to increase the number of independent directors to 2/3 of the total number of directors; The Board directed the Compensation Committee to negotiate the replacement of senior executive employment contracts.  These negotiations are to address performance bonuses and change of control compensation that could result in accretive performance and value for the Company's shareholders, while retaining our historically strong management.  The Board's objective is to attempt to have new employment contracts in place on or before the start of the Company's next fiscal year, being October 1, 2019; and...