MILFAM Elects Board Members at Scully Royalty Ltd. AGM with Majority Votes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 29 2025
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Source: Globenewswire
- Successful Board Election: At the Annual General Meeting on December 27, 2025, MILFAM LLC successfully elected nominees Jerrod Freund, Mark Holliday, Alan Howe, Nimesh Patel, and Skyler Wichers, each receiving majority votes from over 20% of shareholders, marking a significant governance shift for the company.
- Governance Transformation: With the company's nominees failing to secure majority votes, MILFAM's elected directors will replace the existing board members, driving the company towards enhanced operational and capital efficiency, aimed at better representing the interests of all shareholders.
- Meeting Process Challenge: Despite the company's attempt to postpone the meeting, MILFAM proceeded as scheduled and successfully conducted the vote, demonstrating its firm stance on corporate governance and commitment to shareholder rights.
- Future Development Direction: The newly elected board members will implement a transition plan focused on improving operational efficiency and capital allocation to address future market challenges and achieve sustainable growth.
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About SRL
Scully Royalty Ltd is a company principally generates revenue from its royalty interest in iron ore mine. The Company operates its business through three segments. The Royalty segment holds a net revenues royalty interest in iron ore shipped from the mine. The Merchant Banking segment provides specialty banking services, focused on merchant banking, to our customers, suppliers and group members. All Other segment includes other assets unrelated to its primary segments and otherwise not individually material.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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