Autodesk, Inc. (ADSK) Earnings Call Transcript & Summary

Welcome to the 2020 Annual Meeting for Autodesk, Inc. Our host for today's call is Abhey Lamba. [Operator Instructions] I will now turn the call over to your host. Mr. Lamba, you may begin.

Thanks, operator, and welcome, everyone, to Autodesk's 2020 Annual Shareholders' Meeting of Stockholders. Thanks for making the time to join us today. I'm Abhey Lamba, Vice President of Investor Relations. I'm joined by Pascal Di Fronzo, our General Counsel; and Scott Herren, our CFO. As you can see from the agenda, after my introductory comments, Pascal will go through the formal business of the meeting, followed by Q&A. [Operator Instructions] With that, let me hand it over to Pascal.

Thanks, Abhey. Welcome, and thank you for joining Autodesk's 2020 Annual Meeting of Stockholders. As Abhey mentioned, I'm Pascal Di Fronzo, Senior Vice President, Corporate Affairs, Chief Legal Officer and Secretary, and I will conduct the formal business portion of the meeting today. Before we get started, I'd like to introduce the members of our Board of Directors standing for reelection who are attending this meeting virtually: Andrew Anagnost, Karen Blasing, Reid French, Dr. Ayanna Howard, Blake Irving, Mary McDowell, Stephen Milligan, Lorrie Norrington, Betsy Rafael and Stacy Smith. I'd like to thank the Board for their service and support for the past year. We remind you that the rules of procedure for this meeting are available to review on the meeting website, and we intend to follow these rules during the meeting. [Operator Instructions] Now that we have finished the introductory matters, I call the meeting to order. I have proof by affidavit from Broadridge Financial Solutions that notice of this meeting has been duly given and that a proxy statement and proxy card have been furnished or made available to all stockholders of record as of April 22, 2020. As the inspector of election, I have signed an oath of office. The affidavit of mailing and the oath of inspector of election will be filed with the minutes of this meeting. We have been informed by Broadridge that we have present in person and by proxy a sufficient number of shares to constitute a quorum, so I can tell you that the meeting is duly constituted. We will vote today via the meeting website. If you have already turned in a proxy, then it is not necessary to vote now because we will count your proxy. If you did not turn in a proxy or if you wish to change your vote, please vote now by following the instructions on the meeting website. We will count these votes at the end of the voting portion of the meeting. It is now 3:03 p.m. on June 18, 2020, and the polls for each matter to be voted on at this meeting are now open. The first item of formal business is the election of 10 directors to serve until next year's annual meeting. The persons named in the proxy statement have been nominated to serve as directors of the company for the ensuing year. They are Andrew Anagnost, Karen Blasing, Reid French, Dr. Ayanna Howard, Blake Irving, Mary McDowell, Stephen Milligan, Lorrie Norrington, Betsy Rafael and Stacy Smith. Those of you who are voting should vote on the meeting website now. The next item of formal business is to ratify the appointment of the firm of Ernst & Young as Autodesk's independent registered public accounting firm for the fiscal year ending January 31, 2021. Those of you who are voting should vote on the meeting website now. The next item of business is to hold a nonbinding vote to approve the compensation of Autodesk's named executive officers. Those of you who are voting should vote on the meeting website now. We will now briefly pause to enable anyone who would like to vote virtually to do so. [Voting]

It is now 3:05 on June 18, 2020, and the polls for each matter to be voted on at this meeting are now closed. Based upon all the proxies and votes received prior to commencement of the meeting and subject to final adjustment of the numbers for any votes made during the virtual meeting, I can tell you that all 10 of the nominated directors have been elected to the Board of Directors to serve until the company's 2021 Annual Meeting of Stockholders. The appointment of Ernst & Young as the company's independent registered public accounting firm for the current fiscal year has been ratified. The nonbinding vote regarding compensation of the company's named executive officers has been approved. This concludes the formal business of the meeting. We will now adjourn the formal portion of this Annual Meeting of Stockholders and open it up to questions. We remind you that the rules of procedure of this meeting are available to review on the meeting website, and we intend to follow these rules during meeting. [Operator Instructions] Thank you. Back to you, Abhey.

Thanks, Pascal. We'll wait a second to see if there's any questions. This will be the end of our meeting. Thanks again for joining us. If you want to follow up on anything, please feel free to reach out to us. Thanks. Over to you, operator.

This now concludes the meeting. Thank you for joining, and have a pleasant day.