Sylogist Shareholders Reminded to Vote FOR Director Nominees Using Only the BLUE Proxy

• The most recent release (May 5, 2026) serves as a voting reminder for shareholders ahead of the Annual and Special Meeting on May 12, 2026.
• Approximately 45% of all shares have voted in favor of the Corporation's director nominees using the "BLUE" proxy.
• Institutional Shareholder Services Inc. (ISS) has officially endorsed Sylogist’s nominees and rejected the case presented by dissident shareholder OneMove Capital.
• The Board recommends voting FOR its six director nominees plus Mary Filippelli, and WITHHOLD from OneMove's three remaining nominees.
• Proxy voting deadline is May 8, 2026, at 10 AM MT.

• Stability Confirmation: The news reinforces the Board's position following the ISS endorsement on May 1, 2026. It reduces uncertainty regarding the outcome of the proxy contest.
• No New Information: The core details (ISS stance, voting deadline) were already public in previous releases; this is an administrative update rather than a market-moving surprise.
• Market Reaction Context: The stock price has rallied from April lows ($3.04) to $4.07 following the ISS endorsement and proxy battle developments, suggesting the market views Board stability as positive compared to activist disruption.
• Routine Classification: As this is a procedural reminder of an ongoing process with known outcomes (ISS support), it does not constitute new material information that fundamentally alters valuation or risk profile beyond what was already priced in.

• Business Model: Sylogist operates as a SaaS provider focusing on Microsoft-based solutions for nonprofit organizations and local governments across North America.
• Flagship Project: Strategic partnership with RSM US LLP to accelerate delivery of cloud, data, and business applications (Microsoft Dynamics).
• Transformation Status: Transitioning from project services to a partner-led SaaS model; SaaS ARR grew 9% YoY in FY2025 ($33.8M), but total revenue declined (-5.1% YoY) due to reduced project work.
• Management: Barry Foster stepped down as Chair (Oct 2025); Errol Olsen appointed Chair (Feb 2026). Craig O'Neill serves as Interim CEO; permanent search ongoing.