MILFAM Elects New 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: Newsfilter
- Successful Board Election: At the Annual General Meeting on December 27, 2025, MILFAM LLC successfully elected five nominees—Jerrod Freund, Mark Holliday, Alan Howe, Nimesh Patel, and Skyler Wichers—who each received over 50% of the votes, reflecting strong shareholder confidence in the new leadership.
- Corporate Governance Transformation: The failure of the Company's nominees to secure majority votes and their subsequent non-re-election signifies a major shift in corporate governance, which is expected to enhance operational and capital efficiency within the Company.
- Shareholder Representation Focus: The newly elected directors will prioritize fair representation of all shareholders' interests, indicating a future commitment to amplifying shareholder voices and potentially increasing trust and engagement among investors.
- Transition Plan Implementation: The new board is pursuing a transition plan aimed at improving overall operational efficiency and capital allocation through effective management and strategic adjustments, thereby positioning the Company for new growth opportunities.
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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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