Latest news with #DougEmsley
Cision Canada
8 hours ago
- Business
- Cision Canada
SSC Security Services Corp. Reports Strong Third Quarter Results with Improved Margins, Higher Adjusted EBITDA, and Continued Share Buybacks
, Aug. 19, 2025 /CNW/ - SSC Security Services Corp. (" SSC" or the " Company") (TSXV: SECU) (OTCQX: SECUF), a national provider of cyber, physical and electronic security services to commercial, industrial and public sector clients across Canada, is pleased to release its results for the third quarter ended June 30, 2025. All figures are presented in Canadian dollars. "Our third quarter results came in as expected. We continue to see improved profitability from stronger margins as a result of our careful expense management. Gross margin has continued to strengthen, and our base business of recurring revenue continues to grow profitably. We like it when temporary contracts come in the door and they add nicely to our top line picture, however, more important is strong ongoing operational management and gross margin growth within our baseline recurring monthly revenue. As we continue to grow, we see that the size and scale of our operations nicely positions us for the temporary opportunities as they arise," said Chairman and CEO Doug Emsley. "We continue to buy back our shares and take a disciplined approach to acquisitions. Our objective is always to protect our cash and be opportunistic in our efforts to grow the Company. We continue to be well capitalised and debt free. One important point that often goes unmentioned is that, over the past several years, we've returned $55.4 million dollars to shareholders through share buybacks and dividends while consistently operating a profitable business. It's a track record we're extremely proud of," said Emsley. Key Highlights for Q3 2025: Continued Margin Improvement - Gross profit for the quarter ended June 30, 2025 was $5.3 million (gross margin of 17.5%), up from $4.7 million (15.9%) during the same quarter last year. The nine-month year-to-date gross profit is $14.6 million (16.7%), up from $14.3 million (15.8%) during the same nine-month period last year. Revenue Growth - Revenues for the quarter ended June 30, 2025 were $30.2 million compared with $29.7 million during the same three-month period last year, an increase of $0.5 million or 1.7%. Improved Adjusted EBITDA - Adjusted EBITDA for the quarter was $1.4 million ($0.08 per share), up from $1.3 million ($0.07 per share) during the same quarter last year. This represents a 14% improvement in Q3 Adjusted EBITDA over the prior year. NCIB Share Buybacks - During the quarter we bought back 140,900 shares of the Company at an average price of $2.42 per share (cancelling all 140,900 shares). 36 th Consecutive Quarterly Dividend - During the quarter we paid $0.03 per share in dividends to shareholders. We finished the quarter ended June 30, 2025 with: Cash and cash equivalents of $9.6 million equal to $0.53 per share; Working capital of $25.4 million; Total shareholders' equity of $61.8 million; and No debt. Key Performance Indicators for the comparable periods are summarized below: REVENUE, GROSS PROFIT & NET INCOME Revenues for the quarter ended June 30, 2025, were $30.2 million compared with $29.7 million during the quarter ended June 30, 2024, an increase of $0.5 million (revenue increase of 1.7%). The increase in revenues over the same period last year is attributed to internally generated organic growth. Gross profit for the quarter ended June 30, 2025 was $5.3 million (17.5% of revenue) compared to $4.7 million (15.9% of revenue) during the same quarter last year. We continue to see steady improvement in our gross profit margin percentages. These improvements are a result of the continued focus on operating efficiencies and cost reduction initiatives. Comprehensive net income for the quarter ended June 30, 2025 was $0.0 million (profit of $0.00 per share), unchanged from net income the same quarter last year of $0.0 million (profit of $0.00 per share). ADJUSTED NET INCOME & ADJUSTED EBITDA Adjusted EBITDA is the primary KPI used by the Company to measure the financial performance of the Company. Adjusted EBITDA for the quarter ended June 30, 2025, was $1.4 million ($0.08 per share), compared with the adjusted EBITDA of $1.3 million ($0.07 per share) for the prior year third quarter ended June 30, 2024 (this represents a 14.3% increase in Adjusted EBITDA per share). Adjusted net income for the quarter ended June 30, 2025 was $0.8 million (profit of $0.04 per share), compared to an adjusted net income in the same quarter last year of $0.7 million (profit of $0.04 per share). A reconciliation of earnings to adjusted net income and Adjusted EBITDA is provided in the Non-IFRS section of the MD&A published concurrently with this press release. * BALANCE SHEET Key balance sheet items are summarized below: UPDATE ON NORMAL COURSE ISSUER BID During the quarter ended June 30, 2025, we bought back 140,900 shares at an average price of $2.42 per share (same quarter last year: 116,800 shares at an average price of $2.59 per share). All shares bought back under the normal course issuer bid have been cancelled. We continue to believe that our shares have been trading in a price range which does not adequately reflect their value and that the purchase of shares under the NCIB enhances remaining shareholder value. Since 2017, the Company has cancelled nearly 48% of its outstanding shares through buybacks. OUTLOOK We are seeing continued growth in demand for the kind of innovative and cost-effective security services and solutions that we offer at SSC. Our ability to combine physical and electronic security services in a fully integrated way is the future of our industry. Additional growth may also come via acquisition, as we look to acquire other profitable companies in the Canadian security industry. Acquisitions may help us reach our growth targets more quickly, but we will not rush to complete new deals, and we will maintain our financial conservatism throughout. Most of our remaining legacy assets are expected to convert to cash over the next year. Our objective is to make these resources available for the expansion of our security business. We also plan to continue to distribute capital to shareholders via our dividend, operate with minimal to no debt while maintaining solid liquidity, focusing on maintaining strong margins, and maximizing our Adjusted EBITDA per share. ABOUT SSC SSC Security Services Corp. is a national provider of cyber, physical and electronic security services to corporate and public sector clients across Canada. For more information, please visit NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Forward Looking Statements This release includes forward-looking statements regarding SSC and its business. Such statements are based on the current expectations and views of future events of SSC's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting SSC, including risks regarding the security industry, the agricultural industry, economic factors and the equity markets generally and many other factors beyond the control of SSC. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and SSC undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. * Non-IFRS Measures SSC measures key performance metrics established by management as being key indicators of the Company's strength, using certain non-IFRS performance measures, including: EBITDA, EBITDA per share, Adjusted EBITDA, Adjusted EBITDA per share, Adjusted Net Income, Adjusted Net Income per share. The Company uses these non-IFRS measures for its own internal purposes. These non-IFRS measures do not have any standardized meaning prescribed by IFRS, and these measures may be calculated differently by other companies. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The Company provides these non-IFRS measures to enable investors and analysts to understand the underlying operating and financial performance of the Company in the same way as it is frequently evaluated by Management. Management will periodically assess these non-IFRS measures and the components thereof to ensure their continued use is beneficial to the evaluation of the underlying operating and financial performance of the Company. For more detailed information, please refer to the Company's Management Discussion and Analysis dated August 19, 2025 available on the Company's website at and on SEDAR+ at
Yahoo
15-05-2025
- Business
- Yahoo
SSC Security Services Corp. Reports Second Quarter Results with Improved Margins, Consistent Adjusted EBTIDA, and Continued Share Buybacks
REGINA, SK, May 15, 2025 /CNW/ - SSC Security Services Corp. ("SSC" or the "Company) (TSXV: SECU) (OTCQX: SECUF), a national provider of cyber, physical and electronic security services to commercial, industrial and public sector clients across Canada, is pleased to release its results for the second quarter ended March 31, 2025. All figures are presented in Canadian dollars. "Our second quarter results came in as expected. We are seeing improved profitability from stronger margins as a result of careful expense management. While our year over year comparative revenue shows a slight decline from last year, this is simply because we secured fewer temporary contracts during this quarter versus that seen in Q2 2024. The good news is our gross margin has continued to strengthen, and our base business of recurring revenue continues to grow profitably. We like it when temporary contracts come in the door and they add nicely to our top line picture, however more important is strong operational management and gross margin growth within our baseline recurring monthly revenue. The size and scale of our operations nicely positions us for the temporary opportunities when they do arise. In addition, we continue to buy back our shares and take a disciplined approach to acquisitions. Our objective is always to protect our cash and be opportunistic in our efforts to grow the Company. We continue to be well capitalised and debt free," said Chairman and CEO Doug Emsley. Key Highlights for Q2 2025: Continued Margin Improvement - Gross profit margin for the quarter ended March 31, 2025 was 16.1% up from 15.2% of revenue during the same quarter last year. The six-month year-to-date gross profit margin is 16.3% of revenues, up from 15.5% during the same six-month period last year. 35th Consecutive Quarterly Dividend - During the quarter we paid $0.03 per share in dividends to shareholders. NCIB Share Buybacks - During the quarter we bought back 99,500 shares of the Company at an average of $2.54 per share (cancelling all 99,500 shares). Consistent Adjusted EBITDA - During the second quarter ended March 31, 2025, adjusted EBITDA was $1.0 million, consistent with adjusted EBITDA of $1.1 million in the second quarter of last year. We finished the quarter ended March 31, 2025 with: Cash and cash equivalents of $12.5 million equal to $0.68 per share; Working capital of $25.6 million; Total shareholders' equity of $62.6 million; and No long-term debt. Key Performance Indicators for the comparable periods are summarized below: Key Performance Indicators Quarter ended March 31 Six months ended March 31 (All amounts are in thousands of Canadian dollars unless otherwise indicated) 2025 2024 2025 2024 Revenue 27,676 30,402 56,871 61,284 Cost of sales 23,215 25,785 47,602 51,772 Gross margin 4,461 4,617 9,269 9,512 Gross margin (%) 16.1 % 15.2 % 16.3 % 15.5 %Comprehensive net income (loss) 10 650 (115) 716 Comprehensive net income (loss) per share - basic $0.00 $0.03 $(0.01) $0.04Adjusted net income 392 77 999 794 Adjusted net income per share - basic $0.02 $0.00 $0.05 $0.04 Adjusted EBITDA 1,034 1,130 2,205 2,501 Adjusted EBITDA per share - basic $0.06 $0.06 $0.12 $0.13 REVENUE, GROSS PROFIT & NET INCOME Revenues for the quarter ended March 31, 2025, were $27.7 million compared with $30.4 million during the quarter ended March 31, 2024, a decrease of $2.7 million (revenue decrease of 8.9%). Traditionally we see a seasonal reduction in revenues in our second quarter. In addition to seasonality, our second quarter of fiscal year 2024 had significant short-term temporary contracts that we did not see in Q2 2025. These types of short-term contracts are intermittent, but our recurring monthly revenues continue to be strong. Gross profit for the quarter ended March 31, 2025 was $4.5 million (16.1% of revenue) compared to $4.6 million (15.2% of revenue) during the same quarter last year. The gross profit was consistent with the prior year Q2 amount, while we continued to see a slow and steady improvement to our gross profit margin percentages. These improvements are a result of our continued focus on operating efficiencies and cost reduction initiatives. Comprehensive net income for the quarter ended March 31, 2025 was $0.0 million (profit of $0.00 per share), compared to a comprehensive net income in the same quarter last year of $0.7 million (profit of $0.03 per share). ADJUSTED NET INCOME & ADJUSTED EBITDA Adjusted EBITDA is the primary KPI used by the Company to measure the financial performance of the Company. Adjusted EBITDA for the quarter ended March 31, 2025, was $1.0 million ($0.06 per share), consistent with the adjusted EBITDA of $1.1 million ($0.06 per share) for the prior year second quarter ended March 31, 2024. Adjusted net income for the quarter ended March 31, 2025 was $0.4 million (profit of $0.02 per share), compared to an adjusted net income in the same quarter last year of $0.01 million (profit of $0.00 per share). A reconciliation of earnings to adjusted net income and Adjusted EBITDA is provided in the Non-IFRS section of the MD&A published concurrently with this press release.* BALANCE SHEET Key balance sheet items are summarized below: Statements of Financial Position As at As at March 31, 2025 March 31, 2024 Cash 12,509 14,097 Accounts receivable 21,765 23,298 Legacy business assets 6,075 6,759 Working capital 25,605 26,871 Long-term debt 0 0 Total assets 80,056 83,774 Total liabilities 17,424 17,449 Total shareholders' equity 62,631 66,326 Common shares outstanding 18,443 18,933 UPDATE ON NORMAL COURSE ISSUER BID During the quarter ended March 31, 2025, we bought back 99,500 shares at an average price of $2.54 per share (same quarter last year: 233,900 shares at an average price of $2.50 per share). All shares bought back under the normal course issuer bid have been cancelled. We continue to believe that our shares have been trading in a price range which does not adequately reflect their value and that the purchase of shares under the NCIB will enhance shareholder value in general. Over the past eight fiscal years, the Company has bought back and cancelled roughly 47% of the outstanding shares. OUTLOOK We are seeing continued growth in demand for the kind of innovative and cost-effective security services and solutions that we offer at SSC. Our ability to combine physical and electronic security services in a fully integrated way is the future of our industry. Additional growth may also come via acquisition, as we look to acquire other profitable companies in the Canadian security industry. Acquisitions may help us reach our growth targets more quickly, but we will not rush to complete new deals, and we will maintain our financial conservatism throughout. Most of our remaining legacy assets are expected to convert to cash over the next year. Our objective is to make these resources available for the expansion of our security business. We also plan to continue to distribute capital to shareholders via our dividend, operate with minimal to no debt while maintaining solid liquidity, focusing on maintaining strong margins, and maximizing our Adjusted EBITDA per share. ABOUT SSC SSC Security Services Corp. is a national provider of cyber, physical and electronic security services to corporate and public sector clients across Canada. For more information, please visit NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Forward Looking Statements This release includes forward-looking statements regarding SSC and its business. Such statements are based on the current expectations and views of future events of SSC's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting SSC, including risks regarding the security industry, the agricultural industry, economic factors and the equity markets generally and many other factors beyond the control of SSC. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and SSC undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. *Non-IFRS Measures SSC measures key performance metrics established by management as being key indicators of the Company's strength, using certain non-IFRS performance measures, including: EBITDA, EBITDA per share, Adjusted EBITDA, and Adjusted EBITDA per share. The Company uses these non-IFRS measures for its own internal purposes. These non-IFRS measures do not have any standardized meaning prescribed by IFRS, and these measures may be calculated differently by other companies. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The Company provides these non-IFRS measures to enable investors and analysts to understand the underlying operating and financial performance of the Company in the same way as it is frequently evaluated by Management. Management will periodically assess these non-IFRS measures and the components thereof to ensure their continued use is beneficial to the evaluation of the underlying operating and financial performance of the Company. For more detailed information, please refer to the Company's Management Discussion and Analysis dated May 15, 2025 available on the Company's website at and on SEDAR+ at SOURCE SSC Security Services Corp. View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
15-05-2025
- Business
- Cision Canada
SSC Security Services Corp. Reports Second Quarter Results with Improved Margins, Consistent Adjusted EBTIDA, and Continued Share Buybacks
, May 15, 2025 /CNW/ - SSC Security Services Corp. (" SSC" or the " Company) (TSXV: SECU) (OTCQX: SECUF), a national provider of cyber, physical and electronic security services to commercial, industrial and public sector clients across Canada, is pleased to release its results for the second quarter ended March 31, 2025. All figures are presented in Canadian dollars. "Our second quarter results came in as expected. We are seeing improved profitability from stronger margins as a result of careful expense management. While our year over year comparative revenue shows a slight decline from last year, this is simply because we secured fewer temporary contracts during this quarter versus that seen in Q2 2024. The good news is our gross margin has continued to strengthen, and our base business of recurring revenue continues to grow profitably. We like it when temporary contracts come in the door and they add nicely to our top line picture, however more important is strong operational management and gross margin growth within our baseline recurring monthly revenue. The size and scale of our operations nicely positions us for the temporary opportunities when they do arise. In addition, we continue to buy back our shares and take a disciplined approach to acquisitions. Our objective is always to protect our cash and be opportunistic in our efforts to grow the Company. We continue to be well capitalised and debt free," said Chairman and CEO Doug Emsley. Key Highlights for Q2 2025: Continued Margin Improvement - Gross profit margin for the quarter ended March 31, 2025 was 16.1% up from 15.2% of revenue during the same quarter last year. The six-month year-to-date gross profit margin is 16.3% of revenues, up from 15.5% during the same six-month period last year. 35 th Consecutive Quarterly Dividend - During the quarter we paid $0.03 per share in dividends to shareholders. NCIB Share Buybacks - During the quarter we bought back 99,500 shares of the Company at an average of $2.54 per share (cancelling all 99,500 shares). Consistent Adjusted EBITDA - During the second quarter ended March 31, 2025, adjusted EBITDA was $1.0 million, consistent with adjusted EBITDA of $1.1 million in the second quarter of last year. We finished the quarter ended March 31, 2025 with: Cash and cash equivalents of $12.5 million equal to $0.68 per share; Working capital of $25.6 million; Total shareholders' equity of $62.6 million; and No long-term debt. Key Performance Indicators for the comparable periods are summarized below: REVENUE, GROSS PROFIT & NET INCOME Revenues for the quarter ended March 31, 2025, were $27.7 million compared with $30.4 million during the quarter ended March 31, 2024, a decrease of $2.7 million (revenue decrease of 8.9%). Traditionally we see a seasonal reduction in revenues in our second quarter. In addition to seasonality, our second quarter of fiscal year 2024 had significant short-term temporary contracts that we did not see in Q2 2025. These types of short-term contracts are intermittent, but our recurring monthly revenues continue to be strong. Gross profit for the quarter ended March 31, 2025 was $4.5 million (16.1% of revenue) compared to $4.6 million (15.2% of revenue) during the same quarter last year. The gross profit was consistent with the prior year Q2 amount, while we continued to see a slow and steady improvement to our gross profit margin percentages. These improvements are a result of our continued focus on operating efficiencies and cost reduction initiatives. Comprehensive net income for the quarter ended March 31, 2025 was $0.0 million (profit of $0.00 per share), compared to a comprehensive net income in the same quarter last year of $0.7 million (profit of $0.03 per share). ADJUSTED NET INCOME & ADJUSTED EBITDA Adjusted EBITDA is the primary KPI used by the Company to measure the financial performance of the Company. Adjusted EBITDA for the quarter ended March 31, 2025, was $1.0 million ($0.06 per share), consistent with the adjusted EBITDA of $1.1 million ($0.06 per share) for the prior year second quarter ended March 31, 2024. Adjusted net income for the quarter ended March 31, 2025 was $0.4 million (profit of $0.02 per share), compared to an adjusted net income in the same quarter last year of $0.01 million (profit of $0.00 per share). A reconciliation of earnings to adjusted net income and Adjusted EBITDA is provided in the Non-IFRS section of the MD&A published concurrently with this press release.* BALANCE SHEET Key balance sheet items are summarized below: UPDATE ON NORMAL COURSE ISSUER BID During the quarter ended March 31, 2025, we bought back 99,500 shares at an average price of $2.54 per share (same quarter last year: 233,900 shares at an average price of $2.50 per share). All shares bought back under the normal course issuer bid have been cancelled. We continue to believe that our shares have been trading in a price range which does not adequately reflect their value and that the purchase of shares under the NCIB will enhance shareholder value in general. Over the past eight fiscal years, the Company has bought back and cancelled roughly 47% of the outstanding shares. OUTLOOK We are seeing continued growth in demand for the kind of innovative and cost-effective security services and solutions that we offer at SSC. Our ability to combine physical and electronic security services in a fully integrated way is the future of our industry. Additional growth may also come via acquisition, as we look to acquire other profitable companies in the Canadian security industry. Acquisitions may help us reach our growth targets more quickly, but we will not rush to complete new deals, and we will maintain our financial conservatism throughout. Most of our remaining legacy assets are expected to convert to cash over the next year. Our objective is to make these resources available for the expansion of our security business. We also plan to continue to distribute capital to shareholders via our dividend, operate with minimal to no debt while maintaining solid liquidity, focusing on maintaining strong margins, and maximizing our Adjusted EBITDA per share. ABOUT SSC SSC Security Services Corp. is a national provider of cyber, physical and electronic security services to corporate and public sector clients across Canada. For more information, please visit NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Forward Looking Statements This release includes forward-looking statements regarding SSC and its business. Such statements are based on the current expectations and views of future events of SSC's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting SSC, including risks regarding the security industry, the agricultural industry, economic factors and the equity markets generally and many other factors beyond the control of SSC. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and SSC undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. *Non-IFRS Measures SSC measures key performance metrics established by management as being key indicators of the Company's strength, using certain non-IFRS performance measures, including: EBITDA, EBITDA per share, Adjusted EBITDA, and Adjusted EBITDA per share. The Company uses these non-IFRS measures for its own internal purposes. These non-IFRS measures do not have any standardized meaning prescribed by IFRS, and these measures may be calculated differently by other companies. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The Company provides these non-IFRS measures to enable investors and analysts to understand the underlying operating and financial performance of the Company in the same way as it is frequently evaluated by Management. Management will periodically assess these non-IFRS measures and the components thereof to ensure their continued use is beneficial to the evaluation of the underlying operating and financial performance of the Company. For more detailed information, please refer to the Company's Management Discussion and Analysis dated May 15, 2025 available on the Company's website at and on SEDAR+ at
Yahoo
13-05-2025
- Business
- Yahoo
ISC Announces Results of Annual Meeting of Shareholders
REGINA, Saskatchewan, May 13, 2025 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISC) ('ISC' or the 'Company') today announced the voting results from its annual meeting of shareholders (the 'Meeting') held on May 13, 2025 in Regina, Saskatchewan. A total of 14,627,504 Class A Limited Voting Shares were represented at the Meeting, being 79 per cent of the Company's issued and outstanding Class A Limited Voting Shares. Shareholders voted in favour of all matters, including the appointment of Deloitte LLP as auditor for the ensuing year and the election of its Board of Directors. Director Voting The following three members of the Board were appointed by the Lieutenant Governor In Council of the Province of Saskatchewan in lieu of Crown Investments Corporation of Saskatchewan (CIC) voting its shares on any resolution to elect directors, as provided for in The Information Services Corporation Act: Joel Teal, Doug Emsley and Amber Biemans. Detailed results of the vote for the election of the remaining seven directors are provided in the table below: Nominee Votes For % Votes For Withheld % Votes Withheld Roger Brandvold 9,053,984 98.39% 148,520 1.61% Tony Guglielmin 9,054,684 98.39% 147,820 1.61% Iraj Pourian 9,054,184 98.39% 148,320 1.61% Laurie Powers 9,054,084 98.39% 148,420 1.61% Jim Roche 9,054,284 98.39% 148,220 1.61% Heather D. Ross 9,054,084 98.39% 148,420 1.61% Dion E. Tchorzewski 9,027,984 98.10% 174,520 1.90% Auditor Appointment Detailed results of the vote to appoint Deloitte LLC as auditor of the Company for the ensuing year and to authorize the directors to fix the auditor's remuneration are provided in the table below: Resolution Votes for % Votes For Votes Withheld % Votes Withheld Appointment of Deloitte LLP as auditor of the Company until the close of the next annual meeting of shareholders and to authorize the directors to fix the auditor's remuneration 14,624,429 99.98% 3,075 0.02% The Company has filed a report of the results of matters voted on at the Meeting on SEDAR+ at About ISCHeadquartered in Canada, ISC is a leading provider of registry and information management services for public data and records. Throughout our history we have delivered value to our clients by providing solutions to manage, secure and administer information through our Registry Operations, Services and Technology Solutions segments. ISC is focused on sustaining its core business while pursuing new growth opportunities. The Class A Shares of ISC trade on the Toronto Stock Exchange under the symbol ISC. Investor ContactJonathan HackshawSenior Director, Investor Relations & Capital MarketsInformation Services CorporationToll Free: 1-855-341-8363 in North America or
