Altair Engineering Inc. (ALTR) Earnings Call Transcript & Summary

Good morning. I'm Jim Scapa, Chief Executive Officer and Chairman of the Board of Directors of Altair Engineering, Inc. It's my great pleasure to welcome all of you to our annual meeting of stockholders. Today's meeting will be convened. The 5 proposals listed in the proxy statement for the meeting will not be presented to the meeting or voted on today. In order to provide stockholders with ample time to consider the modifications of the Board's proposal to nominate Dr. Mary Boyce, who has served on the Board since 2018, and Jim F. Anderson who has not previously served on our Board, we intend to adjourn this annual meeting. It is 1:00 p.m. Eastern Time and in accordance with the notice of annual meeting, I call to order this annual meeting of the stockholders of Altair Engineering, Inc. I will serve as Chairman of this annual meeting; and Raoul Maitra, our Chief Legal Officer will serve as Secretary of this annual meeting.

This annual meeting is held pursuant to a printed notice first mailed together with the proxy statement on or about April 9, 2021, with the amendment of the proxy statement mailed on or about May 13, 2021, to each stockholder of record as of the close of business on March 25, 2021, who is entitled to vote. I have with me a copy of the notice of annual meeting of the stockholders and an affidavit of distribution signed by Broadridge Financial Solutions, which will be filed with the minutes of this annual meeting. These documents will be available throughout the annual meeting by any stockholder desiring to review these documents. A list of stockholders entitled to vote at this annual meeting has been available at the company's headquarters since March 25, 2021, and will remain available throughout the annual meeting for examination by any stockholder desiring to do so. All documents concerning the call and notice of the annual meeting will be filed with the records of the annual meeting.

I've been advised that proxies representing more than a majority of voting power of the corporation's issued in outstanding stock entitled to vote at the annual meeting have been received. Accordingly, a quorum is present and this annual meeting is duly convened. Altair Engineering, Inc.'s bylaws state that whether or not a quorum is present at a meeting of stockholders, the Chairman of the meeting shall have the power to adjourn the meeting from time to time. On behalf of the Board of Directors, I would like to express my appreciation to all stockholders who are present here today or previously voted or returned their proxies. As I previously stated, we will adjourn this annual meeting in order to provide stockholders with ample time to consider the modification of the Board's proposal to nominate Dr. Mary Boyce, who has served on the Board since 2018, and Jim F. Anderson, who has not previously served on our Board. As Chairman of the meeting, I have the authority to adjourn the annual meeting. Accordingly, pursuant to the bylaws of the company, I hereby adjourn this annual meeting and declare that the annual meeting will be reconvened at 1:00 p.m. Eastern Time on June 2, 2021, at the following URL, www.virtualshareholdermeeting.com/ALTR2021. Stockholders and proxy holders may begin present and vote at the reconvened annual meeting by accessing such URL. This concludes our business for today, and the annual meeting now stands adjourned. I would like to express my sincere appreciation to our stockholders who attended this annual meeting as well as to those stockholders who have already voted or submitted their proxies, but were not able to be present in person. I look forward to seeing you at the reconvened annual meeting at 1:00 p.m. Eastern Time on June 2, 2021, at the following URL, www.virtualshareholdermeeting.com/ALTR2021.