Blackboxstocks Inc. (BLBX) Earnings Call Transcript & Summary

It's 10 o'clock, if you want to start?

Good morning. Will the meeting please come to order. My name is Gust Kepler, and I'm the President and Chief Executive Officer of Blackboxstocks Inc. and a candidate for election as Director. Welcome to the 2023 Annual Meeting of the Stockholders of Blackboxstocks Inc. This meeting is being webcast live, and the webcast will be posted on our website for a period of time after the meeting. Welcome to those stockholders participating by webcast. The order of business for the meeting will follow the items as set forth in our proxy statement. Matters on which the stockholders at the meeting are voting are to: elect 5 directors; ratify the appointment of Turner, Stone & Company, L.L.P. as the company's independent registered public accounting firm for year ending December 31, 2023; transact any other business that may be -- that may properly come before the meeting, and that -- those are the 3 items. I would like to begin the meeting by introducing the current members of the company's Board of Directors who are all -- not that they're all present, but 2 of them are -- 4 of us are, and I'm not sure if -- but that would be Keller Reid, Dalya Sulaiman, Ray Balestri is the other Director and Bob Winspear will server as a Secretary of the meeting and record the proceedings. He has delivered an affidavit of Securities Transfer Corporation, the registrar and the transfer agent for our common stock. As to the mailing of the notice of the meeting, which states on November 16, 2023, notice of the meeting and availability of related proxy materials was mailed to all stockholders of record as of the close of business on November 13, 2023, the record date for the meeting. This affidavit is available if any stockholder wishes to examine it and will be filed with the minutes of this meeting. I hereby appoint Janet Stackhouse of Securities Transfer Corporation as inspector of election for the meeting and any adjournment or postponement of the meeting. She has signed an oath to act as the inspector of election and this oath will be filed with the minutes of this meeting. The inspector has the stockholder list of the company as of the close of business on November 13, 2023, the record date for determining stockholders eligible to vote at the meeting, which shows the stockholders and the respective number of shares entitled to vote at this meeting. This list is available if any stockholder wishes to examine it and will be filed with the minutes of this meeting. Robert Winspear has advised us that a quorum is present at the meeting, so I declare the meeting duly and lawfully convened. This meeting is now open and ready for business. The first item of business is the election of 5 directors of the company. The proxy statement made available to you earlier listed the company's nominees for director. The candidates for director who have been nominated to serve as directors by the company's Nominating and Governance Committee and Board of Directors are Gust Kepler, Robert Winspear, Keller Reid, Ray Balestri and Dalya Sulaiman. In accordance with the bylaws of the company, stockholders are required to provide advanced notice of their intent to nominate candidates for directors. No such notice was received. Therefore, I declare the nominations for directors closed. A motion to elect 5 directors as described in the proxy statement is now in order. Does anyone second the motion?

My name is Robert Winspear, and I'm a stockholder. I second the motion.

Are there any comments or questions on this motion? If not, I hereby declare the polls open to vote on the motion. Any stockholders desiring to vote in person should do so at this time. Does anyone have any questions? There being no further discussion, I hereby declare the polls open to vote on the motion. Any stockholders desiring to vote in person should do so at this time. [Voting]

Is there anyone else who wishes to vote in person? I now declare the polls closed on this motion. We will proceed with the next item. The second item of business is to ratify the appointment of Turner, Stone & Company, L.L.P. as the company's independent registered public accounting firm for the year ending December 31, 2023. The appointment of Turner, Stone & Company, L.L.P. is discussed in the proxy statement that was made available to you earlier. At this time, I would like to recognize Chad Marquardt, I'm sorry -- sorry, Chad, you're new, and I didn't learn how to pronounce your name, from the Turner, Stone & Company, L.L.P., who is with us today. Motion to ratify the auditor appointment as described in the proxy statement is now in order.

My name is Eric Pharis, and I'm a stockholder. I hereby move that the appointment of Turner, Stone & Company, L.L.P. as the company's independent registered public accounting firm for the year ending December 31, 2023, be ratified.

Does anybody second the motion?

My name is Robert Winspear, and I'm a stockholder. I second the motion.

Are there any questions or comments on this motion? If not, I hereby declare the polls open to vote on the motion. Any stockholders desiring to vote in person should do so at this time. There being no further discussion, I hereby declare the polls open to vote on the motion. Any stockholders desiring to vote in person should do so at this time. If there's anyone else who wishes to vote in person? [Voting]

I now declare the polls closed on this motion. I understand that the votes have been counted and the preliminary report of the inspector of election has been delivered to the company. Robert Winspear, will you please announce the results of the stockholders' vote?

The preliminary report of the inspector of election indicates that Gust Kepler, Robert Winspear, Keller Reid, Ray Balestri and Dalya Sulaiman have been elected as directors by the stockholders. Each candidate received the affirmative vote of more than a plurality of the votes cast at the meeting. Ratification of the appointment of Turner, Stone & Company, L.L.P. as the company's independent registered public accounting firm for the year ending 2023 is approved by the stockholders by their affirmative vote of majority of the votes cast at the meeting.

I hereby request that the final report of the inspector of election be filed with the minutes of this meeting. You've now heard the results of the voting, and this completes the business to be conducted at this meeting. Since there are no matters -- no other matters to come before the meeting, a motion to adjourn this meeting is now in order.

My name is Eric Pharis, and I'm a stockholder. I hereby move that this meeting be adjourned.

Does anyone second the motion?

My name is Robert Winspear, and I'm a stockholder. I second the motion.

All in favor of the motion of adjournment, please signify by saying aye. [Voting]

Those oppose, please signify by saying no. [Voting]

The motion has been carried. I hereby declare this meeting adjourned. I would like to take this opportunity to thank all of you for your attendance and your interest. And wish you all a happy New Year.

Thank you. Happy New Year to you as well.

Yes. Happy New Year to you as well.

Happy New Year, Gust.

Happy New Year. Thanks very much all.