Key facts
- Iolite Partners, Dynacor's largest shareholder, has launched a proxy fight.
- Iolite Partners holds approximately 7% of Dynacor's stock.
- A dissident circular and BLUE proxy form will be sent to shareholders.
- The goal is to replace the current board of directors.
- Dynacor's Annual General Meeting is scheduled for June 19, 2026.
Iolite Partners Ltd., the largest shareholder in Dynacor Group Inc. with an approximate 7% interest, has announced its intention to launch a proxy fight. The shareholder will commence mailing a Dissident Circular to shareholders in connection with Dynacor's upcoming Annual General Meeting of Shareholders, scheduled for June 19, 2026. Iolite Partners will also provide a BLUE Form of Proxy and BLUE Voting Instruction Form to solicit votes from Dynacor shareholders. The materials provided by iolite argue that the current board poses a risk to the company and can be accessed at www.SaveDynacor.com.