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

Good afternoon, everyone, and thank you for joining Avant Brands Annual General Shareholder Meeting. I am Nort Singhavon, Co-Founder and CEO of Avant Brands. We have 4 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 bylaws. I will preside as Chair of this meeting and act as secretary. Computershare Investor Services Inc. through its representatives, will act as scrutineer for the meeting. Avant Brands used notice and access to deliver the meeting materials to shareholders on April 24, 2024. A notice and access information was mailed to all shareholders of record as of April 15, 2024, 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 scheduled. 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 scrutineer be annexed to the minutes of this meeting as scheduled. Any registered shareholders and duly appointed proxy holders who preregistered to participate in the meeting as outlined in the notice of the 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 to the meeting the company's financial statements for the financial year ended November 30, 2023, 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 our SEDAR+. 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, Derek Sanders, Tyson Macdonald, Sylvia Lee and Duane Loe. Please note that Mr. Michael Blady, who is listed on the information circular as a nominee for reappointment as a director, has notified the company that he is not wish to stand for reelection. Therefore, Mr. Blady will not be considered for reappointment at today's meeting. As there are no additional nominations, I declare the nominations closed. I will now call a vote that Jurgen Schreiber, Norton Singhavon, Tyson Macdonald, Derek Sanders, 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 verbally before the meeting started had 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 the vote cast, I direct the results of the poll be included within the minutes of this meeting and filed on SEDAR+. I will now call for a vote at 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 scrutineers for the proxies deposited for the meeting and any final ballots provided verbally before the meeting started, have been voted for the reappointment of Ernst & Young LLP Chartered Professional Accountants as auditors for the company. Now before concluding the formal part of this meeting, is there any further business to come before the meeting? There being no further business, I declare the meeting to be terminated. Thank you. Have a nice day.