Enovis Corporation (ENOV) Earnings Call Transcript & Summary

Ladies and gentlemen, welcome to the Colfax Corporation meeting. Your speaker for today, Mitch Rales, will now begin.

Thank you, Jasmine. Good afternoon, ladies and gentlemen, and welcome to the 2020 Annual Meeting of Colfax Corporation. I'm Mitch Rales, Chairman of the Board, and I hope that everyone is staying safe and healthy in these trying times right now. This year, we are hosting our annual meeting in a virtual format due to the COVID-19 pandemic and in order to ensure the safety of all of our stockholders and associates. At this time, the meeting will please come to order. A copy of our annual meeting procedures has been posted to the virtual meeting website. I would like to welcome our executive officers and the other directors of the company, each of whom is in attendance with us virtually, today. Additional information regarding the directors is available in our proxy materials. Mr. Tandy, our Corporate Secretary, will act as the Secretary of the meeting today. I would also like to welcome the representatives of Ernst & Young LLP, the independent registered public accounting firm for the company, who are in attendance with us virtually as well. After the formal business of the meeting, they will be available to answer any appropriate questions you may have. The record date for this meeting is April 2, 2020. The proper affidavits have been received and along with a certified list of stockholders will be filed with the meeting records. Our Board of Directors has appointed [ John Howa ] as the inspector of election. The inspector of election and our Secretary have advised that we have a quorum. In the interest of time, we will waive a reading of the minutes of the last annual meeting. The polls for voting on all items are now open. Most stockholders have already voted by proxy, and we've tallied those votes. However, if you haven't voted yet or you would like to change your vote, you may do so by clicking on the voting button on your virtual meeting portal and following the instructions there. If you have already submitted your vote and do not wish to change it, no further action is required. There are 4 items of business to be conducted today. Each is described more fully in the company's proxy statement. The company has not received notice from any of its stockholders as required under its bylaws of any other matter to be considered at today's meeting. Therefore, no proposals other than those set forth in the proxy statement may be properly introduced by the stockholders. If you have any questions or comments, please hold them until the end of the meeting. At this point, we will now open the meeting to any questions on the 4 items of business to be considered at today's meeting that have been submitted through the virtual meeting portal. Mr. Secretary, do we have any questions?

Mr. Chairman, we have no questions with respect to those 4 items of business.

Thank you, Mr. Tandy. The polls are about to close. So if you have not yet voted, please do so. [Voting]

Now that the stockholders have had an opportunity to vote, I now declare that the polls are closed and it's time for our voting results. I call on the Secretary again to provide the report of the inspector of election. Mr. Tandy?

Yes. Mr. Chairman, thank you. I have received the inspector's report with the preliminary results of the voting. With respect to the election of the 10 persons who were nominated for the position of Director, each has received a majority of the votes cast for election. With respect to the ratification of the selection of Ernst & Young LLP as Colfax's independent registered public accounting firm for the fiscal year ending December 31, 2020, a majority of the shares present at the meeting, in person or by proxy, voted in favor of the ratification. With respect to the advisory say on pay vote, a majority of the shares present at the meeting, in person or by proxy, voted for the proposal. With respect to the proposal to approve the Colfax Corporation 2020 Omnibus Incentive Plan, a majority of the shares present at the meeting, in person or by proxy, voted for the proposal.

Thank you, Mr. Tandy. In view of that -- of the results, I declare that each of the nominees for Director named in the proxy statement has been duly elected and proposals 2, 3 and 4 have been approved. As a reminder, the final voting results for all these matters will be posted on the Investor Relations web page of our website at colfaxcorp.com and disclosed on our Form 8-K filed within 4 business days after the date of today's meeting. Ladies and gentlemen, that completes the formal business of the meeting, and I declare the meeting portion to be adjourned. At this point, I would like to open the meeting for any general discussions or questions. Mr. Secretary, do we have any questions?

Mr. Chairman, there are no questions at this time. Thank you.

Okay. Having received no further question, that concludes the 2020 Annual Meeting. On behalf of Colfax, I'd like to thank all our stockholders for your participation and your continued support. The 2020 Annual Meeting of Stockholders is hereby adjourned. Have a great afternoon, and please stay safe.

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