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 software company that,
through strategic acquisitions, investments and operations
management, provides comprehensive, mission-critical enterprise
resource planning (ERP) and constituent relationship management
(CRM) solutions, including fund accounting, case management, grant
management and payroll, to public service
organizations. Sylogist's customers include all levels of
government, non-profit organizations, non-governmental
organizations, educational institutions as well as public
compliance driven and funded companies. The Company delivers highly
scalable, multi-language, multi-currency software solutions, which
serve the needs of an international clientele.
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 Toronto Stock Exchange
under the symbol SYZ. Information about Sylogist can be found at
www.sylogist.com.
SOURCE Sylogist Ltd.