Commvault Systems, Inc. (CVLT) Earnings Call Transcript & Summary

Thank you for standing by. My name is [ Bae ] and I will be your conference operator today. At this time, I would like to welcome everyone to the Commvault Systems 2024 Annual Shareholder Meeting. [Operator Instructions] I would now like to turn the call over to Michael Melnyk, Head of Investor Relations. Please go ahead.

Good morning, ladies and gentlemen. I want to welcome all of you to Commvault's Annual Meeting of Stockholders. I'm Michael Melnyk, Head of Investor Relations at Commvault. I'll be presiding over and serving as secretary for today's meeting. With us today are [ Adela Foresight ] from Computershare, who has been appointed to act as the election inspector; and Maureen Bashara from E&Y. I'd also like to welcome members of the Commvault's management team and Board of Directors who are also present at this meeting. Please note that the Corporate Secretary has delivered an affidavit of mailing, establishing that once the notice of this meeting was duly given. All stockholders of record at the close of business on June 30, 2024, the record date, are entitled to vote at this annual meeting. As of the record date, there are approximately 43.8 million shares of stock entitled to vote at this meeting. We are informed by Computershare that they are representing in person or by proxy, at least 40,286,005 shares of common stock or approximately 92.05% of all the shares entitled to vote at this meeting. As this constitute the majority, this meeting is duly convened for purposes of transacting such business as may properly come before it. The matters to be voted on at today's meeting are: the first proposal to elect 9 nominees as directors to serve 1-year terms. The nominees for election are Sanjay Mirchandani, Nicholas Adamo, Martha Bejar, Keith Geeslin, Vivie “YY” Lee, Charles Moran, Allison Pickens, Shane Sanders, and Arlen Shenkman. The second proposal is to approve, on an advisory basis, Commvault’s executive compensation. The third and final proposal is to ratify the appointment of Ernst & Young LLP as the company's independent auditors for fiscal year 2024. The Board of Directors recommends that stockholders vote for proposals 1 to 3. If any stockholder would like to make a comment regarding any of the proposals, please do so at this time as the polls will close momentarily. If you previously voted by proxy, you do not need to vote today unless you wish to change your vote. If you have not yet voted, you may do so at this time by completing the ballot available on our website and e-mailing it to us [email protected]. I'll now pause to tabulate the voting and look for any questions. [Voting]

And I'm seeing no questions. Now that everyone has the opportunity to vote, I hereby declare the polls closed. We have been informed by the election inspector that the preliminary results have been counted. And with over 92% of stockholders voting, all proposals have been approved. Final results will be publicly available once the votes have been certified by the election inspector. Thank you for attending today's meeting. It is now adjourned.

Ladies and gentlemen, this concludes today's call. Thank you all for joining. You may now disconnect.