ECD Automotive Design, Inc. (ECDA) Earnings Call Transcript & Summary

Ladies and gentlemen, I'm Scott Wallace, Chief Executive Officer and Chairman of ECD Automotive Design, Inc. and Chairman of this meeting. I hereby call this Annual Meeting of Stockholders of ECD Automotive Design, Inc. to order. Steven Henry Reed and Olivia Wang of the law firm of Loeb & Loeb LLP, the company's outside legal counsel and proxy holders of stockholders of record are also present in this meeting. I'd also like to take this opportunity to introduce James Prestiano of Loeb & Loeb, who I've asked as to be Secretary of this annual meeting and to record the minutes. Before considering the business to be taken up at this annual meeting, I would like to Mr. Prestiano to report on the formal steps taken in connection with it.

Mr. Chairman, the Board of Directors of the company has adopted resolutions, which authorized this annual meeting. I previously presented to you the signed affidavit of Cornelius Cox the Assistant to the Vice President of Continental Stock Transfer & Trust Company, which states that the definitive proxy statement, proxy card and 2023 Annual Report on Form 10-K were mailed on December 4, 2024, to each of the registered holders of the company, appearing as such on the books kept by Continental Stock Transfer & Trust Company at the close of business on November 27, 2024, the record date. A certified list of the holders of common stock of the company as of the record date that was compiled by Continental Stock Transfer & Trust Company is available for inspection during this meeting. The list sets forth each stockholder's address and holdings as they appear on the records of the transfer agent and on the company's stock ledger. According to this list, there were 36,199,662 shares of common stock issued and outstanding as of the record date. Each outstanding share of common stock is entitled to 1 vote on the matters presented to this annual meeting.

Thank you, Mr. Prestiano. I would like you to file the affidavit as to the mailing of the proxy materials in the company's minutes book with the minutes of this annual meeting. I hereby appoint Karen Smith, President and CEO of Advantage Proxy, Inc. to act as inspector of election of this annual meeting. Inspector has executed an oath to carry out her duties impartially into the best of her ability. She will distribute and take the ballots and count the votes.

Mr. Chairman, I previously presented to you the oath signed by the inspector of election.

The oath of the inspector of elections will be filed with the minutes of this annual meeting. Will the inspector now provide us with the count of the stockholders present by virtual attendance or by proxy?

Mr. Chairman, I can report that a preliminary count indicates the presence of a quorum. I'm in the process of completing a count of all stockholders present by virtual attendance or by proxy, and will render an exact report at the end of the annual meeting.

Since the holders of the record of a majority of the outstanding shares of common stock of the company entitled to vote at this annual meeting are present by virtual attendance or by proxy, I declare that a quorum is present. The first item of business today is to adjourn this annual meeting to Friday, December 27, 2024, at 11 a.m. This adjourned meeting will be held virtually using the same information as today's meeting.

As the proxy for the stockholder of record of the company, I move to approve the adjournment of the annual meeting to Friday, December 27, 2024 at 11 a.m.

As a proxy for a stockholder of record of the company. I second the motion.

There being no objections to the motion made to adjourn this annual meeting, I hereby declare this meeting adjourned to Friday, December 27, 2024 at 11 a.m.