Business
iolite: Shareholders Deserve Answers and a Credible Leadership Reset at Dynacor's June 19 Meeting
Since iolite’s initial campaign, Dynacor has delivered a total return of just 3%, compared...
About this update from Dynacor Group Inc
iolite: Shareholders Deserve Answers and a Credible Leadership Reset at Dynacor’s June 19 Meeting .bwalignc { text-align: center; list-style-position: inside } .bwlistdecimal { list-style-type: decimal } .bwlistdisc { list-style-type: disc } .bwuline { text-decoration: underline } Since iolite’s initial campaign, Dynacor has delivered a total return of just 3%, compared to peer returns ranging from 39% to 219% over the same period. Dynacor has withheld key information, misrepresented material facts, chose to hold a virtual meeting that limits meaningful participation by its owners, and systematically attacked those raising legitimate concerns. The Company’s soothing press statements speak of an “orderly” transition, a “transformational” restructuring, and “values.” Yet none of these claims withstand scrutiny when measured against what shareholders have actually witnessed. Dynacor’s register is dominated by retail shareholders, not institutional subscribers to proxy advisory services. Against that backdrop, the proxy advisors did not engage with iolite before issuing their voting recommendations and did not seek to fully understand the case for change that iolite has outlined. iolite urges shareholders to protect their investment by voting “ WITHHOLD” on five incumbent directors including 75-year-old Jean Martineau and Governance Chair Réjean Gourde, and “ AGAINST” the stock option plan — ONLY on the BLUE Proxy. Reminder to Shareholders: Need Help Voting BLUE ? Contact Kingsdale Advisors by phone at 1-866-228-8614 or email [email protected] or visit www.SaveDynacor.com . The deadline is approaching on June 16 at 5:00p.m. (ET) and we encourage shareholders to exercise their right to vote. iolite Partners Ltd. (“iolite” or the “Concerned Shareholder”) urges fellow shareholders to look past Dynacor's messaging and demand answers to the serious, unresolved questions at the heart of this contested election, ahead of the Company's Annual General Meeting scheduled for June 19, 2026 (the "Meeting"). A BOARD THAT WITHHOLDS, DEFLECTS, AND ATTACKS Confronted with legitimate questions, a board confident in its record engages openly with its owners. Dynacor has done the opposite. It has withheld key information, misrepr...