11:05 AM EDT, 10/28/2025 (MT Newswires) -- Sylogist ( SYZLF ) , a public-sector SaaS company, on Tuesday said board chair Barry Foster will step down effective at the next annual meeting, though he will remain a director.

The nominating and governance committee, led by Kim Fennell, will oversee the board chair succession process.

The company said a special board committee was formed last month in response to a threatened shareholder meeting requisition. The committee has since engaged with shareholders representing more than 50% of Sylogist ( SYZLF ) shares, helping shape its recommendations, which the board has unanimously adopted.

Among the measures approved is the creation of a business scale subcommittee chaired by Andrea Ward.

Sylogist ( SYZLF ) has also adopted a shareholder rights plan effective as of Oct. 27. The plan is designed to ensure that all Sylogist ( SYZLF ) shareholders are treated fairly in connection with any take-over bid and to protect against "creeping bids."

The company's shares are up $0.04, to $6.34, on the Toronto Stock Exchange.

Price: 6.36, Change: +0.06, Percent Change: +0.95