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

Good afternoon. I'm Olivier Pomel, Chief Executive Officer at Datadog, and I'd like to welcome you to the Datadog 2021 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 Board in attendance today are Michael Callahan, Dev Ittycheria, Matthew Jacobson, 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 Yuka Broderick, Head of Investor Relations. Finally, I'd like to introduce Adrian Schwartz of Deloitte & Touche LLP, Datadog's 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 stockholders 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 13, 2021, the record date for this meeting. I also have an affidavit certifying that on April 23, 2021, a notice of Annual Meeting of Stockholders of Datadog was deposited in the United States mail to stockholders of record at the close of business on April 13, 2021.

At this time, I'd 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 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've been informed by the inspector of election that proxies have been received for approximately 95% of the aggregate voting power of 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 4 proposals to be considered by the stockholders.

The time is now 2:02 on Thursday, June 10, 2021, 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 2 Class II directors to serve until the 2024 Annual Meeting and until their successors are elected. The nominees for Class II directors are Alexis Lê-Quôc and Michael Callahan. The second item of business is the approval, on an advisory basis, of the compensation of our named executive officers as disclosed in our proxy statement. The third item of business is to indicate, on an advisory basis, the preferred frequency of shareholder advisory votes on the compensation of our named executive officers. The fourth and final item of business is the ratification of the selection by the Audit Committee of the Board of Directors of Deloitte & Touche as the independent registered public accounting firm for Datadog for the fiscal year ending in December -- on December 31, 2021. The secretary will now describe the voting procedures.

If you've already voted, there is no need to vote now unless you'd like to change your votes. If you've not voted and you'd like to vote now, or if you'd like to change your vote, click the voting button on 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 2:05, 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: the proposal to elect each of Alexis Lê-Quôc and Michael Callahan as a Class II director of Datadog is carried; the proposal to approve the compensation of our named executive officers as disclosed in our proxy statement is carried; the preferred frequency of shareholder advisory votes on the compensation of our named executive officers is 1 year; the selection of Deloitte & Touche LLP as Datadog's independent registered public accounting firm for the fiscal year ending December 31, 2021, is ratified. We expect to report our final voting results on our current report on Form 8-K to be filed with the SEC within 4 business days after the end of this meeting.

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

There are no questions submitted.

All right. So there being no questions, the meeting is now adjourned. Thank you, everyone. See you next year.