Business
Independent Proxy Advisory Firms ISS and Glass Lewis Unanimously Support the Election of ALL Director Nominees at Dynacor’s AGM
Dynacor is disappointed that iolite Partners Ltd. (the “Dissident") has circulated a dissident proxy circular soliciting shareholders to withhold votes from certain director nominees, among other disruptive actions. Dynacor reminds shareholders that the Dissident was not elected at last year’s special meeting, which he called in an attempt to secure his election to Dynacor’s board. The Dissident’s recommendations would not serve the best interests of shareholders and would undermine the Corporat
About this update from Dynacor Group Inc
MONTREAL, June 08, 2026 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX: DNG) ("Dynacor" or the "Corporation") is pleased to announce that its director nominees and other annual meeting resolutions received favorable voting recommendations from Glass Lewis and Co., LLC ("Glass Lewis") and Institutional Shareholder Services Inc. ("ISS"), two leading independent proxy advisory firms that, among other services, provide voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders. INDEPENDENT EXPERTS AGREE: VOTE FOR ALL DIRECTOR NOMINEES ISS and Glass Lewis have recommended that Dynacor's shareholders vote FOR the election of each of the Corporation’s director nominees at the Corporation’s Annual General Meeting of Shareholders (the "Meeting"), which will be held via live webcast at https://meetings.lumiconnect.com/400-469-695-838 on Friday, June 19, 2026 at 10:00 a.m. (EDT). Additionally, ISS and Glass Lewis recommend that shareholders vote FOR the re-appointment of the auditor. Glass Lewis has also recommended voting FOR the amendment to the Stock Option Plan to replenish the pool. ISS, which supported the same plan in connection with last year's AGM, has noted a minor clarification regarding amendment provisions consistent with its recent guidance, which the Board will consider the next time the plan is amended. The plan, meanwhile, fully complies with regulatory and TSX requirements. Dynacor shareholders are encouraged to read Dynacor’s meeting materials in detail and cast their votes prior to the proxy voting deadline. Copies of the meeting materials are available on the Corporation’s website at https://dynacor.com/agm-2026/ or on the Corporation’s SEDAR+ profile at www.sedarplus.ca, and more information about the Dissident’s disruptive activities and inaccurate statements can be found at https://dynacor.com/en/news/. THE DISSIDENT HAS UNSUCCESSFULLY USED THIS PLAYBOOK BEFORE The Dissident’s campaign continues a pattern of disruptive activism that diverts disproportionate corporate resources toward responding to repetitive requests and unfounded allegations that do not advance the Corporation's interests. Despite unsuccessful efforts in 2025, including a failed requisitioned meeting, a failed withhold campaign, and a faile...