Deluxe Corporation (DLX) Earnings Call Transcript & Summary

Good afternoon, and welcome to the Deluxe Corporation 2021 Annual Shareholders' Meeting. I'm Jeff Cotter, Chief Administrative Officer and General Counsel of Deluxe, and it is my pleasure to welcome you to our meeting. I thank each of you who have joined us via the web portal and the 800 number that we have provided. We will conduct this meeting in accordance with the rules of conduct posted on the virtual meeting login page. We will conduct the business portion of our meeting first and answer questions at the end of the meeting. Though we may not be able to answer every question, we will do our best to provide a response to as many as possible. Please note that only validated shareholders may ask questions in the designated field on the web portal. Out of consideration for others, please limit yourself to one question. Please also note that this meeting is being recorded. However, no one attending via the webcast or telephone is permitted to use any audio recording device. I will now officially call this meeting to order. I would like to acknowledge all of our Board members, each of whom is participating virtually. The Board of Directors has appointed Broadridge Financial Solutions to serve as inspector of election for this meeting. Now let's proceed to the business portion of the meeting. Notice of the annual meeting, along with instructions for accessing and receiving copies of our proxy statement and annual report, was mailed to shareholders beginning on March 15, 2021. I have received an affidavit of mailing from Broadridge as inspector of elections, which will be filed with the records of this meeting. The inspector also has reported that 38,275,554 shares or 90.91% of the shares outstanding and entitled to vote at this meeting represented in person or by proxy. Therefore, a quorum is present, and we may proceed with the meeting. Today, we have 3 matters of business on our agenda. They were presented in detail in the proxy statement provided to shareholders. The first proposal is to elect 9 Directors to hold office until the 2021 Annual Meeting of Shareholders. The second item of business is to cast an advisory nonbinding vote on executive compensation. The third item of business is to ratify the appointment of PricewaterhouseCoopers LLP as Deluxe's independent registered public accounting firm for the year ending December 31, 2021. The polls are now open for voting. Any shareholder who hasn't yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. Shareholders who have sent in proxies or voted by telephone or Internet and who do not want to change their vote do not need to take any further action. [Voting]

Now that everyone has had the opportunity to vote, I declare the polls closed. Based on the preliminary report of the inspector of election, I am pleased to report that all 3 of the proposals have passed. As required by SEC rules, the definitive vote tabulations will be reported in a filing to be made with the SEC within 4 business days of this meeting. and also will be entered in the records of this meeting. I now adjourn the business portion of our meeting. We will now open up the meeting for any questions. Please note, again, that we will attend to as many questions as time allows, but only questions that are germane to the meeting will be addressed. There being no questions submitted, I want to again thank you for attending this year's Annual Meeting of Shareholders. We are pleased you participated virtually with us today and for being active participants in Deluxe's journey. With that, I now adjourn the meeting.

The Annual General Meeting for Deluxe Corporation has now come to an end. Thank you for attending. You may now disconnect.