Globenewswire·2025-12-26 14:00Core Viewpoint - The Company has firmly rejected the allegations made by Buxton Helmsley USA, Inc. and its CEO, Alexander Erwin Parker, and has referred the matter to federal and state authorities for potential criminal prosecution [1][11]. Group 1: Allegations and Responses - Mr. Parker has accused the Company of improperly expensing software development costs that should be capitalized, claiming this would "unlock value" and demanding two board seats and a consulting contract worth an estimated $24 million [3][10]. - The Company has refuted Mr. Parker's accounting allegations, asserting that his claims are baseless and intended to harass and intimidate [4][10]. - The Company has consistently maintained that its financial statements and accounting practices are sound, with third-party expert reviews supporting its approach [17][23]. Group 2: Threats and Coercive Tactics - Mr. Parker has threatened Company directors with disciplinary referrals unless they comply with his demands, which the Company views as coercive and inappropriate [6][10]. - In his communications, Mr. Parker has made various threats, including reputational damage to directors if they do not support his agenda [8][10]. - The Company has documented these threats and intends to file them with the SEC for consideration of civil charges against Mr. Parker and BuHeUI [11][23]. Group 3: Governance and Future Actions - The Company has referred the matter to the SEC's Enforcement Division for potential civil charges related to the threats made by Mr. Parker [11]. - The Company is preparing to file its Annual Report on Form 10-K for Fiscal Year 2025, which will reflect its continued application of accounting standards consistent with past practices [17]. - The Board remains focused on acting in the best interests of the Company and its stockholders, rejecting any coercive tactics [23].