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Scully Royalty Board Terminates CEO, CFO And President Samuel Morrow For Cause, Rescinds Authority, And Assumes Day‑To‑Day Operations

Benzinga·01/12/2026 14:05:35
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MILFAM LLC ("MILFAM") announced today that the recently elected board of directors of Scully Royalty Ltd. (the "Company") (NYSE:SRL) has terminated for cause CEO, CFO, and President Samuel Morrow and rescinded all authority held by Mr. Morrow with respect to the Company and its subsidiaries.  Any action taken by Mr. Morrow or at his direction from this point forward is invalid.  The board of directors will be assuming day to day operations of the Company while it searches for new officers.