Avant Brands Inc. (AVNT) Earnings Call Transcript & Summary

Good afternoon, and welcome to the Annual General and Special Shareholder Meeting of Avant Brands Inc. I am joined this afternoon by Jurgen Schreiber, Chair of the Board of Directors of Avant Brand; and Michael Blady, Co-Founder and Director of Avant Brands. As a reminder, only registered shareholders and duly appointed proxy holders who preregistered to participate in the meeting, as outlined in the notice of meeting, may vote at the meeting. If you are a registered shareholder or duly appointed proxy holder who has preregistered and would like to speak and participate in the meeting, please use the unique pin and dial-in phone numbers that you are assigned to join the conference call. I would now like to turn the meeting over to Mr. Jurgen Schreiber.

Thank you. Good afternoon, everyone, and thank you for joining Avant Brands' Annual General Shareholder Meeting. I'm Jurgen Schreiber, Chair of the Board of Directors of Avant Brands. We have 3 items of business to conduct today as described in detail in our management information circular. I will now call the meeting to order. In accordance with the company's bylaw, I will preside as Chair of this meeting; and Michael Blady, Co-Founder and Director of the company, will at as Secretary. Computershare Investor Services, Inc., throughout this, their representatives will act as scrutineer for the meeting. And now I'll pass on to Mike.

Thank you, Jurgen. Avant Brands used notice and access to deliver the meeting materials to shareholders. On April 18, 2023, a notice and access notification was mailed to all shareholders of record as of April 11, 2023, and the meeting materials were posted on the company's website and on SEDAR. Computershare Investor Services, Inc. has filed proof of service of such mailing with me, and I direct that a copy of such proof of service be annexed to the minutes of this meeting as a schedule. The scrutineer has advised me that prior to the meeting, proxies were received from the holders of a sufficient number of common shares to constitute a quorum. I therefore declare the meeting to be regularly called and properly constituted for the transaction of business. I direct that the formal report of the scrutineers be annexed to the minutes of this meeting as a schedule. Any registered shareholders and duly appointed proxy holders who preregistered to participate in the meeting, as outlined in the notice of meeting, were to call in early and speak with the scrutineer prior to the meeting. I will be announcing the results of the voting, which has taken place. As the first item of business, I now present the meeting -- present to the meeting the company's financial statements for the financial years ended November 30, 2022 and 2021, together with the auditor's report thereon. Copies of the financial statements were mailed to those shareholders who requested a copy in accordance with applicable law and are also available on the company's website and on SEDAR, and I do not propose to read them at this meeting. The next item of business is the election of directors. As set out in the company's management information circular, management has nominated the following individuals to serve as directors until the next Annual Meeting of Shareholders or until their successors are duly elected or appointed Jurgen Schreiber, Norton Singhavon, Michael Blady, Derek Sanders, Sylvia Lee and Duane Loe. As there are no additional nominations, I declare the nominations close. I will now call for a vote that Jurgen Schreiber, Norton Singhavon, Michael Blady, Derek Sander, Sylvia Lee and Duane Loe be elected to serve as directors of the company to hold office until the next Annual Meeting of Shareholders or until their successors are duly elected or appointed in accordance with the articles and bylaws of the company. I have been advised by the scrutineer that proxies deposited for the meeting and any final ballots provided verbally before the meeting started have been voted for the election of each of the director nominees. Accordingly, I hereby declare the 6 individuals named to have been elected as directors of the company. Rather than hold up the business of the meeting for the final tabulation of votes cast, I direct that the results of the poll be included with the minutes of this meeting and filed on SEDAR. Moving on to the next point of business, the appointment of auditors. I will now call for a vote that Ernst & Young LLP, Chartered Professional Accountants be reappointed as auditors of the company until the close of the next Annual Meeting of Shareholders or until their successors have been appointed, and that the directors be hereby authorized to fix their remuneration. I've been advised by the scrutineer that proxies deposited for the meeting and any final ballots provided verbally before the meeting started, have been overwhelmingly voted for the reappointment of Ernst & Young LLP, Chartered Professional Accountants as auditors of the company. This concludes the formal matters to be attended to at this meeting. Before concluding the formal part of the meeting, is there any further business to come before the meeting?

There are no participants wishing to speak.

There being no further businesses, so I declare the meeting has been terminated. And I'll pass back to the operator.

Thank you. This concludes today's conference call. You may disconnect your lines. Thank you for joining us.