Sylogist Receives Shareholder Requisition

Executive Summary

• Sylogist Ltd. received a shareholder meeting requisition from OneMove Capital LLC, which holds ~9.09% of the company’s common shares and seeks to replace three directors with its nominees.
• The board has been engaged in negotiations with the dissident and remains open to constructive dialogue while reviewing the requisition with professional advisors.
• Sylogist announced governance initiatives, including a board chair succession plan, formation of a Business Scale Committee, and the appointment of Craig O’Neill as Interim CEO.

Key Details

• Requisition Notice: Received pursuant to Alberta Business Corporations Act §142, dated January 29 2026; proposes election of four nominees (including Tyler Proud) to replace three existing directors, giving the dissident a controlling 4‑of‑7 board seats.
• Shareholder Stake: OneMove Capital LLC holds approximately 9.09% of Sylogist’s issued and outstanding common shares.
• Board Response: A special committee, formed in September 2025, has made “good faith” settlement offers (including a board representation agreement similar to that offered to the largest shareholder), which were declined by the dissident.
• Governance Enhancements:
• Initiated a board chair succession planning process overseen by a reconstituted Nominating and Governance Committee.
• Established a Business Scale Committee tasked with aligning long‑term strategic goals, improving operational effectiveness, forecasting, and transparency.
• Appointed Craig O’Neill as Interim CEO to drive execution of the company’s SaaS strategy; O’Neill brings extensive software development, go‑to‑market expertise, and culture‑building experience.
• Shareholder Communication: The Company emphasizes openness to continued dialogue with all shareholders, including the dissident, and states no immediate action is required from shareholders.

Notable Quotes

(No direct quotes were provided in the release.)