{"id":4913,"date":"2025-07-14T15:53:57","date_gmt":"2025-07-14T19:53:57","guid":{"rendered":"https:\/\/dyedurham.com\/?p=4913"},"modified":"2026-01-22T04:01:01","modified_gmt":"2026-01-22T09:01:01","slug":"dye-durham-issues-statement-in-response-to-allegations-made-by-former-ceo-matt-proud","status":"publish","type":"post","link":"https:\/\/dyedurham.com\/dye-durham-issues-statement-in-response-to-allegations-made-by-former-ceo-matt-proud\/","title":{"rendered":"Dye &#038; Durham Issues Statement In Response to Allegations Made by Former CEO Matt Proud"},"content":{"rendered":"<p><span class=\"TextRun SCXW55639178 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW55639178 BCX8\">TORONTO, ON \u2013 July 14, 2025<\/span><\/span><span class=\"TextRun SCXW55639178 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW55639178 BCX8\"> \u2013 <\/span><\/span>Dye &amp; Durham Limited (\u201cDye &amp; Durham\u201d or the \u201cCompany\u201d) (TSX: DND), a leading provider of cloud-based legal practice management software, issued the following statement in response to whistleblower allegations made by Plantro Ltd. (\u201cPlantro\u201d), a company associated with former CEO Matt Proud.<\/p>\n<p>\u201cDye &amp; Durham takes all whistleblower complaints seriously and has strong processes in place to investigate them thoroughly and independently with third parties.<\/p>\n<p>Unfortunately, the release of this information today appears to be yet another attempt by Plantro to disparage and distract the Board of Directors (Board) and disrupt the turnaround progress that is underway from legacy issues created under the leadership of Matt Proud. The Board is concerned by Mr. Proud&#8217;s claims of access to strictly confidential information and the public dissemination of that information, which appears to be motivated by Mr. Proud\u2019s own self-interest. If Mr. Proud\u2019s interests were aligned with those of other shareholders, he would have raised his concerns privately with the Board instead of making unsubstantiated public statements.<\/p>\n<p>The Board and management team remain committed to evaluating and implementing all options to accelerate value creation and deliver the best outcomes for shareholders, employees and customers.<\/p>\n<p><b><span data-contrast=\"auto\">About Dye &amp; Durham Limited<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Dye &amp; Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, Australia, and South Africa.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Additional information can be found at dyedurham.com.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Forward-Looking Statement<\/span><\/b><\/p>\n<p><span data-contrast=\"auto\">This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects Dye &amp; Durham\u2019s current expectations regarding future events. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as \u201cplans\u201d, \u201ctargets\u201d, \u201cexpects\u201d or \u201cdoes not expect\u201d, \u201cis expected\u201d, \u201can opportunity exists\u201d, \u201cis positioned\u201d, \u201cestimates\u201d, \u201cintends\u201d, \u201cassumes\u201d, \u201cappears\u201d, \u201canticipates\u201d or \u201cdoes not anticipate\u201d or \u201cbelieves\u201d, or variations of such words and phrases or statements that certain actions, events or results \u201cmay\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cmight\u201d, \u201cwill\u201d or \u201cwill be taken\u201d, \u201coccur\u201d or \u201cbe achieved\u201d. In particular, statements regarding Dye &amp; Durham\u2019s commitment to evaluating and implementing all options to accelerate value creation and deliver the best outcomes for shareholders, employees and customers are forward-looking statements.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management\u2019s current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dye &amp; Durham\u2019s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under \u201cRisk Factors\u201d in Dye &amp; Durham\u2019s most recent annual information form. Dye &amp; Durham does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Contacts<\/span><\/b><\/p>\n<p><strong>Carmela Antolino\u00a0<\/strong><\/p>\n<p><span data-contrast=\"auto\">Director, Communications<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Email: carmela.antolino@dyedurham.com\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><strong>Investor Relations<\/strong><\/p>\n<p><span data-contrast=\"auto\">Ross Marshall, 416-526-1563\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Email: ross.marshall@loderockadvisors.com<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><strong>Longacre Square Partners LLC\u00a0<\/strong><\/p>\n<p><span data-contrast=\"auto\">Greg Marose \/ Amy Freedman, 646-386-0091\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Email: <\/span><a href=\"mailto:DND@longacresquare.com\"><span data-contrast=\"none\">DND@longacresquare.com<\/span><\/a><span data-contrast=\"auto\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, ON \u2013 July 14, 2025 \u2013 Dye &amp; Durham Limited (\u201cDye &amp; Durham\u201d or the \u201cCompany\u201d) (TSX: DND), a leading provider of cloud-based legal practice management software, issued the&#8230;<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[12],"class_list":["post-4913","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Response to Former CEO Allegations | Dye &amp; Durham<\/title>\n<meta name=\"description\" content=\"Dye &amp; Durham issues a statement responding to allegations made by former CEO Matt Proud, addressing key concerns.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dyedurham.com\/dye-durham-issues-statement-in-response-to-allegations-made-by-former-ceo-matt-proud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Response to Former CEO Allegations | Dye &amp; 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