Datadog, Inc. (DDOG) Earnings Call Transcript & Summary

Good morning, ladies and gentlemen, and welcome to the Datadog 2020 Annual Shareholder Meeting. I will now turn the call over to Olivier Pomel.

Good afternoon. I'm Olivier Pomel, Chief Executive Officer at Datadog, and I'd like to welcome you to the Datadog 2020 Stockholders' Meeting. Before I call the meeting to order, let me introduce to you the members of the Board and management who are with us today. The other members of the Board in attendance today are Michael Callahan; Dev Ittycheria ; Julie Richardson; Shardul Shah; and Alexis Lê-Quôc, who is also our Chief Technology Officer. The other officers of Datadog here today are David Obstler, Chief Financial Officer; Laszlo Kopits, General Counsel and Secretary; and Armelle De Madre, Chief People Officer. Also joining us is A.J. Ljubich, Director of Investor Relations. Finally, I would like to introduce [ Hiteshwa Mari ] of Deloitte & Touche LLP, [ teledocs ] auditor who is available to respond to appropriate questions. The meeting will now officially come to order. We will proceed with the formal business of the meeting as set forth in your notice of annual meeting and proxy statement. After the formal part of our meeting, we will give you an opportunity to ask any questions you may have. Will the secretary please report at this time with respect to the mailing of the notice of the meeting and the stockholder list?

I have, at this meeting, a complete list of the stockholders of record of our Class A and Class B common stock on April 14, 2020, the record date for this meeting. I also have an affidavit certifying that on April 24, 2020, a notice of the Annual Meeting of Stockholders of Datadog was deposited in the United States mail to stockholders of record at the close of business on April 14, 2020.

At this time, I would like to introduce Barry Shapiro of Broadridge, who I'm appointing to act as inspector of election at this meeting. Mr. Shapiro has taken and subscribed to the customary oath of office, to execute his key duties with strict impartiality. We will file this oath with the records of the meeting. Will the secretary please report at this time with respect to the existence of a quorum?

I have been informed by the inspector of elections that proxies have been received for approximately 94% of the aggregate voting power of the outstanding shares of common stock entitled to vote at this meeting. This constitutes a quorum for the meeting today, and we may now carry out the official business of the meeting.

We will now proceed with the formal business of this meeting. There are 2 proposals to be considered by the stockholders.

The time is now 1:03 on Thursday, June 11, 2020, and the polls are now open for voting on all matters to be presented. The agenda and rules of conduct for the meeting are posted on the annual meeting portal. We ask that you follow these rules to help the meeting run smoothly. We will address questions during the Q&A portion of the meeting. [Operator Instructions]

The first item of business is the election of 3 Class I directors to serve until the 2023 Annual Meeting and until their successors are elected. The nominees for Class I directors are: Olivier Pomel; Dev Ittycheria; and Shardul Shah. The second and final item of business is the ratification of the selection by the Audit Committee of the Board of Directors of Deloitte & Touche LLP as the independent registered public accounting firm of Datadog for the fiscal year ending December 31, 2020. Secretary will now describe the voting procedures.

If you've already voted, there's no need to vote now unless you would like to change your vote. If you've not voted and you would like to vote now or if you would like to change your vote, click the Vote Here button at the bottom right-hand corner of the annual meeting portal. We'll pause for a moment to give anyone who hasn't yet voted a chance to vote. As a reminder, each share of Class A common stock is entitled to 1 vote and each share of Class B common stock is entitled to 10 votes. [Voting]

The time is now 1:06 p.m. Eastern, and the polls are now closed for voting. The report of the inspector of election covering the proposals presented at this meeting is as follows: proposal to elect each of Olivier Pomel, Dev Ittycheria and Shardul Shah as Class I director of Datadog is carried; the selection of Deloitte & Touche LLP as Datadog's independent registered public accounting firm for the fiscal year ending December 31, 2020 is ratified. We expect to report our final voting results on a current report on Form 8-K to be filed with the SEC within 4 business days after the end of this meeting.

And this concludes the formal portion of today's meeting. We will now entertain questions from stockholders.

We are showing no questions at this time.

All right. So if there are no questions, we will adjourn. So thank you, everyone. The meeting is now adjourned.

Ladies and gentlemen, this concludes your meeting. You may now disconnect.