Sylogist Annual General and Special Meeting Results and Board Committee Appointments
CALGARY, AB, June 2, 2021 /CNW/ - Sylogist Ltd. (TSX: SYZ) ("Sylogist" or the "Company"), a provider of enterprise information management solutions, is pleased to announce that the results of the matters presented for approval at the Annual General and Special Meeting of Shareholders held on June 2, 2021 (the "Meeting") have been fully authorized and approved. A total of 16,550,870 common shares, representing 69.29% of the common shares issued and outstanding, were represented in person or by proxy at the Meeting. A brief description of the matters voted upon and the outcome of the votes is set forth below.
Fixing the Number of Directors to be Elected
The ordinary resolution to approve fixing the number of directors to be elected at the Meeting at six (6) was approved at the meeting by way of a ballot, as follows:
Votes For | % | Votes Against | % |
16,422,811 | 99.32 | 111,835 | 0.68 |
Election of Directors
All of the nominees proposed as directors of the Company were duly elected as directors of the Company with votes cast by the shareholders present in person or represented by proxy at the Meeting by way of a ballot, as follows:
Outcome of the Vote | Votes For | % | Withheld | % | |
William C. Wood | Elected | 16,508,213 | 99.84 | 26,433 | 0.16 |
Lester Fernandes | Elected | 16,376,455 | 99.04 | 158,191 | 0.96 |
Barry D.A. Foster | Elected | 14,899,894 | 90.11 | 1,634,752 | 9.89 |
Taylor Gray | Elected | 15,856,857 | 95.90 | 677,789 | 4.10 |
Craig O'Neill | Elected | 15,937,649 | 96.39 | 596,997 | 3.61 |
Ian McKinnon | Elected | 15,948,022 | 96.45 | 586,624 | 3.55 |
Appointment of Auditor
An ordinary resolution to approve the appointment of KPMG LLP, Chartered Professional Accountants, as the auditors of the Company, was approved at the Meeting by way of a ballot, as follows:
Votes For | % | Withheld | % |
16,530,504 | 99.88 | 20,366 | 0.12 |
Approval and Adoption of Stock Option Plan
An ordinary resolution to approve the new 10% rolling stock option plan of the Company was approved at the Meeting by way of a ballot, as follows:
Votes For | % | Against | % |
15,638,023 | 94.58 | 896,623 | 5.42 |
At their meeting, immediately following the shareholders' Meeting, the Board appointed Barry Foster to serve as Board Chair and constituted its committees. The Audit Committee is comprised of Mr. Gray (Chair), Mr. Foster and Mr. Fernandes, who are all independent directors. The Compensation Committee will be chaired by Mr. McKinnon (independent), with Mr. O'Neill and Mr. Wood serving as members. Mr. Foster was appointed Chair, with Mr. Gray, Mr. Fernandes and Mr. McKinnon serving as members of the Nominating and Governance Committee.
About Sylogist
Sylogist is a public sector SaaS company that provides comprehensive ERP, CRM, fundraising, education administration, and payments solutions that allow its customers to carry out their missions. It serves over 1,700 customers globally, including all levels of government, nonprofit and non-governmental organizations, educational institutions, and public compliance-driven and funded companies. The Company has industry-leading profitability, an exceptionally strong balance sheet, a track record of successful acquisitions, and a portfolio of mission-critical SaaS solutions. Full financial statements together with Management's Discussion and Analysis are available on SEDAR at www.sedar.com.
The Company's stock is traded on the TSX Exchange under the symbol SYZ. Information about Sylogist can be found at www.sylogist.com.
Sylogist solutions include:
Serenic Navigator: Financial Tracking and Management for Education and Nonprofits
NaviPayroll: Payroll & HR Solution for Microsoft Dynamics 365 Business Central Customers
WenGAGE: Accounting & Student Information Systems
MissionCRM: Donor Management and Fundraising
InfoStrat: Dynamics 365 for GovCon, Grants Manager Plus, and SAVIN360 Victim Notification
Sylogist Pay: Payment Processing and Fuel Payment Management
The Portal Connector: Secure Web Portals for Online Customer Experiences
pavliks.com: Network and IT Solutions
Bellamy and SunPac: Financial Management
EpicData: ERP Solution for Manufacturing & Distribution
Learn more about Sylogist.
