Dylan as Nikki and Gary Reynolds' Son
Now I have finally figured it out. Gary Reynolds went to the strip club when Nikki had first started out. She started at the Club when she was 16 or 17 (using a fake ID), and became impregnated with Gary's son. She gave the baby up for adoption, and Kay knows about the baby, and the baby is Dylan.
Katherine knows about "the missing child", and has left 25% of Chancellor to said child -- Dylan. Dylan will soon be CEO of Chancellor.