Solution 6 Chief Resigns

[May 15] — Financial software developer Solution6 chief executive Chris
Tyler has announced his resignation, effective immediately.

According to a company statement released to the Australian Stock Exchange, Tyler and
the Solution 6 board agreed it was in the best interests of shareholders
that he resign.

The chairman of Solution 6 Holdings, Brendan Redden, announced the
decision, which leaves the company’s chief operating officer, Lindsay
Yelland, as acting chief executive and managing director until the
company finds Tyler’s replacement.

The company said 25 per cent stakeholder Telstra remained committed
to the company despite Tyler’s resignation. “Telstra has informed the
board that it continues to remain a firm believer in Solution 6, its
people, strategy and future,” Solution 6 said.

The company has also announced that Tyler will receive options of up
to 10 per cent of the company’s total shares on issue, totalling around
10,888,454 options, following his resignation.

On leaving, Tyler has six months and 14 days in which to vest those options.