Artivion, Inc. (AORT) Earnings Call Transcript & Summary

Ladies and gentlemen, thank you for standing by, and welcome to the CryoLife, Incorporated 2020 Annual Meeting of Stockholders. [Operator Instructions] I would now like to hand the conference over to your speaker, Mr. Pat Mackin, President and CEO of CryoLife, Incorporated and Chairman of its Board of Directors. Thank you. Please go ahead, sir.

Good morning. This is Pat Mackin, President, CEO and Chairman of the Board of Directors. I would like to call our annual meeting to order and welcome all of our attending stockholders. Joining us are members of our Board of Directors. Also present today are Ashley Lee, our CFO; Jean Holloway, our General Counsel, Chief Compliance Officer and Corporate Secretary. We also have with us Brian Pendley from Ernst & Young, our independent auditing firm, who is available for comment and to respond to questions if there are any. We are also joined by Ray Dunn from American Election Services, who will serve as our inspector of elections. We are here to consider the following items: first, the election of 9 members to our Board, namely: Thomas F. Ackerman, Daniel J. Bevevino, Marna P. Borgstrom; James W. Bullock, Jeffrey H. Burbank; Ronald D. McCall, J. Patrick Mackin, Harvey Morgan and Jon W. Salveson; number two, an advisory note of our named executive officers compensation; number three, the approval and funding of a new equity and cash incentive plan; and number four, the ratification of Ernst & Young as our independent auditors for 2020. If there are any stockholders of record as of March 11, 2020, our record date, who are present and who have either not submitted a proxy and wish to vote during the annual meeting or have submitted a proxy but wish to revoke the proxy or change their vote, you may do so now by using the voting button on the meeting website. You may vote using the voting button until discussion of the proposal under consideration is concluded and the polls are closed. I'll now turn the call over to our Corporate Secretary and General Counsel, Jean Holloway.

Mr. Chairman, I have confirmed that there are 31,405,618 shares of common stock represented at this annual meeting out of a total of 37,679,978 shares entitled to vote. Accordingly, a quorum for this meeting exists, and we can proceed with voting.

Thank you, Jean. Given that we have a quorum, the time is now 9:03 a.m. on May 20, 2020, and I declare the polls are open. Those of you voting in person, via the meeting website, please submit your votes at this time. Before we close the voting, if there are any stockholders that would like to ask any questions about any of the 4 items presented at this annual meeting, please submit them through the question box on the meeting website. We'll pause now to collect your questions. So Corporate Secretary, do we have any questions?

I'm waiting for our administrator to let me know.

Okay. Well, there'll just be a brief pause on the line while we poll for your questions.

Mr. Chairman, there are no questions.

Okay. There being no discussion, please cast any final votes on each of the 4 business items. Once I announce that the polls are closed, no further votes or proxies will be accepted. We will pause for 15 seconds before we close the polls. [Voting]

This concludes the items for this annual meeting. The time is now 9:05 on May 20, 2020, and I declare the polls for each matter are now closed. Ms. Holloway, can you read the results of the meeting?

Mr. Chairman, preliminary voting results indicate that each of the nominees has been elected as a Director of CryoLife, the advisory vote on our named executive officers' compensation has been adopted, the new equity and cash incentive plan has been approved and funded, and the selection of Ernst & Young as our independent auditors for 2020 has been ratified. Final voting results will be disclosed on a Form 8-K to be filed with the SEC.

Thank you, Corporate Secretary. As there are no further business to come before this annual meeting, the annual meeting is now adjourned. Thank you for your participation.

Ladies and gentlemen, this concludes today's conference call. Thank you for participating. You may now disconnect.