Cibus, Inc. (CBUS) Earnings Call Transcript & Summary

Good afternoon, and welcome to the Calyxt, Inc. 2021 Annual Meeting of Stockholders. Please note that this event is being webcast. I would now like to introduce Dr. Ribeill, the company's Executive Chair. Dr. Ribeill, please go ahead.

Welcome, everyone. And thank you all for joining our 2021 Annual Meeting of Stockholders. We are pleased to hold our Annual Stockholder Meeting virtually as we aim to increase access and participation and prioritize the health of meeting participants in the wake of the global pandemic. [Operator Instructions] I would now like to turn the meeting over to Debra Frimerman, our General Counsel and Corporate Secretary, who will lead the formal business of the meeting and also act as our secretary. Thank you.

Thank you, Yves. And thank you, everyone, for joining us today. Please note that the meeting is being recorded and a webcast replay will be available online following today's meeting. We also have with us today Bill Koschak, our Chief Financial Officer; and representatives from Ernst & Young, our independent registered public accounting firm, who will be available to respond to appropriate questions. We have appointed Christopher J. Woods of American Election Services to act as the inspector of election today. He has executed an oath of office to carry out his duties with impartiality and to the best of his ability, and he will examine and tabulate the proxies and votes cast at this meeting. Our Board of Directors fixed March 23, 2021, as the record date for determining stockholders entitled to vote at this meeting. I have an affidavit of distribution from Broadridge Financial Solutions, confirming that proxy materials related to this meeting were mailed to the stockholders of record determined as of the close of business on the record date, starting on April 6, 2021. A complete list of stockholders entitled to vote at this meeting will be available online for the duration of this meeting. Mr. Woods reports that the holders of a majority of the shares of Calyxt common stock outstanding as of the record date are present at this meeting either virtually or by proxy, which constitutes a quorum. Therefore, today's meeting has been duly convened, and the business of the meeting may proceed. The polls are now open. If any stockholders have not yet voted or wish to change their vote, please click on the voting button in the web portal and follow the instructions. If you have already sent in a proxy or voted online or by phone and do not wish to change your vote, no further action is needed. There are 3 proposals to be considered and voted upon by our stockholders. Each of these proposals is more fully described in our proxy statement filed with the Securities and Exchange Commission on April 6, 2021. The first proposal is to elect 7 directors to serve until the next Annual Meeting of Stockholders. The Board has nominated all of the incumbent directors for reelection. No other director nominees have been properly submitted for consideration at this meeting. The second proposal is to ratify the appointment by our Audit Committee of Ernst & Young LLP as our independent registered public accounting firm for the year ending December 31, 2021. And the third proposal is to approve the amendment to the Calyxt 2017 omnibus incentive plan. No other proposals have been properly submitted pursuant to our bylaws or the rules of the Securities and Exchange Commission, so no other proposals are being considered. The polls are still open. Voting today is by proxy and online ballot. As previously mentioned, if you already submitted a proxy or voted online or by phone and do not wish to change your vote, no further action is needed at this time. If you have not yet voted or wish to change your vote, you may do so now by clicking on the voting button in the web portal and following the instructions. If you have not yet submitted a proxy or electronic ballot, you must submit your electronic ballot now for your vote to be counted. We will pause briefly to allow for any last votes to be cast. [Voting]

In accordance with our bylaws, I now declare the polls closed. No additional ballots, proxies or votes and no changes or revocations will be accepted. The inspector of election has provided the preliminary voting results. Based on these preliminary voting results, the Calyxt stockholders have elected the 7 nominees as directors to serve until the next Annual Meeting of Stockholders. The Calyxt stockholders have ratified the appointment of Ernst & Young as our independent registered public accounting firm for the year ending December 31, 2021. And the Calyxt stockholders have approved the amendment to the Calyxt 2017 omnibus incentive plan. The final voting results will be set forth in a report of the inspector of elections and will be included in the minutes of this meeting. We will also report the final voting results on a Form 8-K which we will file with the Securities and Exchange Commission within 4 business days of today's date. This concludes our planned agenda today, and there is no other formal business before us. I now declare the formal business portion of the meeting adjourned. We will now open the webcast for general Q&A for a brief time. [Operator Instructions] Seeing no questions, this concludes our question-and-answer session. I would now like to hand back to Calyxt Executive Chair, Yves Ribeill, to close our meeting. Yves?

Thank you, Debra, and thank you all for joining today's meeting. We appreciate your interest in Calyxt, and look forward to your continued support for another fruitful year. Thank you.

Thank you for joining us today, and you may now disconnect your lines.