BuildDirect.com Technologies Inc. (BILD) Earnings Call Transcript & Summary

Okay. Welcome to the Annual General and Special Meeting of the Shareholders of BuildDirect. The meeting will now come to order. I'm Shawn Wilson, the CEO of the company and in accordance with the articles of the company and with the consent of the meeting, I will act as the Chair of the meeting. I also act as a Secretary of the meeting, Computershare Investor Services, the company's transfer agents provide us with the scrutineer. Therefore, I appoint Olivia Craven to act as scrutineer of the meeting. We'll now proceed with the formal portion of today's meeting. To expedite the formal business of the meeting in accordance with the articles of the company, I'll propose all motions. A seconder is not required. The notice of the meeting, managed information circular dated May 8, 2025, and form of the proxy were mailed on May 20, 2025, the company's shareholders of record. Unless there are any objections, I propose to dispense with the reading of the notice of the meeting. Proof that notice of the meeting was given in accordance with the articles of the company will be filed with the minutes of the meeting. I will now ask that the scrutineer read her report on the attendance at the meeting.

Total shareholders voted by proxy is 16. Total shares issued and outstanding 42,040,123 with a total shares voted of 32,386,790 with a total percent of shares voted and quorum at 77.04%.

Okay. I adopt the report of the scrutineer and declare the attendance of this meeting to be as they are set out. I declare they're the quorum of shareholders present and that this meeting has been regularly called and properly constituted for the transaction of business. The first time of business is the presentation of the audited financial statements of the company for the year ended December 31, 2024, the related management discussion and analysis and the auditor's report thereon. The financial statements and auditors report were filed on SEDAR in accordance with securities legislation. Accordingly, unless someone specifically requests to do so, I would propose that the auditors report not be read at the meeting and we'll consider them received by the shareholders as amended to the meeting. The next item of business is fixing the number of directors at 4. Is there any discussion on this motion? Okay. Hearing none, I move to set the number of directors at 4. I declare the motion carried. The next item of business is the election of directors. The Board of Directors presently consists of 4 directors whose terms in office are deemed to have expired today pursuant to the company's articles. The circular contains the names of the 4 persons who are proposed for election at this meeting. These 4 proposed nominees are: Timothy Howley, Milan Roy, Henry Lees-Buckley, Eyal Ofir. I declare the persons nominated have been elected directors of the company by formation to hold office until the next annual meeting of the shareholders of the company subject to the provisions of the articles of the company, or the British Columbia Business Corporations Act. The next item of business is the reappointment Doane Grant Thornton, chartered professional accountants as auditors of the company until the next annual meeting of the shareholders of the company or until a successor is appointed at remuneration to be fixed by the directors. Is there any discussion on this motion? Hearing none I move to reappoint Grant Thornton, Chartered Professional Accountants as the auditors of the company until the next annual meeting of the shareholders of the company or until a successor is appointed at a remuneration to be fixed by directors. I declared a motion carried. Okay. This completes the formal business of this meeting, and a motion for the termination of this meeting is now in order. I move this meeting be terminated. I declare the motion carried. Thank you for joining us for the formal portion of today's meeting.

Okay, Jane, is there anything else?

Not for the AGM part, but sometimes following the AGM, there is like a summary of business -- status of the business, business development, if you wish.

Sure. So just a couple of brief thoughts and happy to take any questions with that context. So as we've published prior results, the company remains focused on accretive M&A activities and also scaling our e-commerce and pro center footprint. And really, everything we're doing here to align our resources and structure around that are for that sole purpose. Unless there's any questions or comments, there's really nothing additional I would present on my side.

Great. All right.

Okay. All right guys, thank you for joining. Have a great weekend.

Thanks. Bye-bye.

Thank you.