Cheniere Energy, Inc. (LNG) Earnings Call Transcript & Summary

[Audio Gap] of the Board of Cheniere Energy, Inc., and it's my pleasure to welcome all of you for our Annual Meeting of Shareholders. It's 9:00 a.m. and in accordance with the notice of the meeting, I call to order the Annual Meeting of Shareholders of Cheniere Energy, Inc. I would like to make a few announcements with respect to the conduct of today's meeting. Please note that you should not vote during this meeting if you have already completed and returned a proxy card or otherwise voted, unless you wish to change the voting instruction you previously submitted. You may vote online through the meeting website during the course of the meeting. Following the voting, we will open the meeting to shareholders' questions. Before proceeding to the business of the meeting, I would like to introduce the other directors and executive officers of Cheniere. The director nominees who are able to join this morning are: Jack Fusco, our President and Chief Executive Officer; Vicky Bailey; Nuno Brandolini; David Kilpatrick; Sean Klimczak; Andrew Langham; Donald Robillard; Neal Shear; and Andrew Teno. The executive officers that are in attendance today are: Anatol Feygin, Executive VP and Chief Commercial Officer; Sean Markowitz, Executive VP, Chief Legal Officer and Corporate Secretary; Corey Grindal, Executive VP, Worldwide Trading; Zach Davis, Senior Vice President and Chief Financial Officer; David Craft, Senior Vice President, Engineering and Construction; Scott Culberson, Senior Vice President, Gas Supply. Michael Dove, Senior Vice President, Shared Services; Christopher Smith, Senior VP, Policy, Government and Public Affairs; Aaron Stephenson, Senior Vice President, Operations; Len Travis, Senior Vice President and Chief Accounting Officer; Hilary Ware, Senior Vice President and Chief Human Resource Officer; Tim Wyatt, Senior VP, Corporate Development and Strategy; Eric Bensaude, Managing Director, Commercial Operation; and Ramzi Mroueh, Managing Director, Origination. Sean Markowitz will now report on the mailing of the notice of this meeting and the presence of a quorum.

Thank you, Andrea. This meeting is held pursuant to notice mailed on or about April 9, 2021, to each shareholder of record on March 29, 2021. A list of shareholders entitled to vote at this meeting has been available at the company's headquarters for the past 10 days and is available during this meeting for examination on the website used to access the meeting by any shareholder desiring to do so. All documents concerning this call and notice of the meeting will be filed with the records of the meeting. We have present today, including by proxy, holders of at least 211,116,754 shares of the company's voting capital stock. This is 83.27% of the outstanding voting shares of the company. Required quorum is a majority of outstanding voting stock.

Thank you. I hereby declare a quorum present at the meeting. Sean Markowitz and [ Sean Bank ] are serving as Inspectors of Election, and Broadridge Financial Solution, an independent third party, will perform the tabulation of proxies and ballots. The next order of business is to vote on the items as outlined in the proxy statement. Item 1 is the election of directors. The 10 nominees for the election of directors are: Gian Andrea Botta; Jack Fusco, Vicky Bailey; Nuno Brandolini; David Kilpatrick; Sean Klimczak; Andrew Langham; Donald Robillard, Jr.; Neal Shear; and Andrew Teno. Additional information about each of this director is available in the proxy statement. I declare that they are duly nominated. Item #2 is the advisory and nonbinding vote to approve the compensation for the company's named executive officers for 2021 -- 2020. Item 3 is the ratification, on an advisory and nonbinding basis, of KPMG LLP as independent registered public accounting firm for 2021. This concludes the introduction of the proposal to be presented at the meeting. The polls for voting on all matters before this meeting are hereby open at this time. If you have not voted yet or wish to change your previously cast vote, please do so via the website used to access this meeting. Please remember that if you have already voted by proxy, it's not necessary to vote again. [Voting]

The polls for voting on the matters before this meeting are by closed. A preliminary report from the inspectors of election shows that Gian Andrea Botta, Jack Fusco, Vicky Bailey, Nuno Brandolini, David Kilpatrick, Sean Klimczak, Andrew Langham, Donald Robillard, Jr., Neal Shear and Andrew Teno have been elected to serve as directors of Cheniere Energy, Inc., each to hold office for a 1-year term expiring at the 2022 Annual Meeting of Shareholders. The preliminary report also shows that, on an advisory and nonbinding basis, the shareholders approved the compensation of the company named executive officers for 2020. On an advisory and nonbinding basis, the shareholders ratify the appointment of KPMG LLP as the company independent registered public accounting firm for 2021. That concludes the order of business as outlined in the proxy statement. The business portion of the meeting is now closed, and the meeting is officially adjourned. I will now open the floor for questions. [Operator Instructions] I would like to express my sincere appreciation to the shareholders who attended the meeting as well as those who are not able to be present but submitted their proxies. We appreciate your investment in Cheniere. Thank you very much.

Ladies and gentlemen, thank you for joining us. This concludes today's event. You may now disconnect.