Entravision Communications Corporation (EVC) Earnings Call Transcript & Summary

Hello, and welcome to the Annual Meeting of Shareholders of Entravision Communications Corporation. Please note that today's meeting is being recorded. It is now my pleasure to turn today's meeting over to Walter Ulloa, Chairman and Chief Executive Officer of Entravision Communications Corporation. Mr. Ulloa, the floor is yours.

Thank you, operator. Good morning, ladies and gentlemen. The 2020 Annual Meeting of the Shareholders of Entravision Communications Corporation is now called to order. My name is Walter Ulloa, Chairman and Chief Executive Officer of Entravision. We want to thank -- welcome you, and thank you for your attendance at this meeting. Due to the COVID-19 pandemic, this year's annual shareholder meeting is a virtual meeting only. We hope all of our shareholders in attendance are well and safe. I would like to begin by introducing the other directors and nominees who are in attendance at this meeting. Starting with Paul Zevnik, Gilbert Vasquez, Patricia Diaz Dennis, Juan Saldívar, Martha Elena Diaz and Fehmi Zeko. I would also like to introduce the other executive officers of the company who are in attendance at this meeting. Christopher Young, our Chief Financial Officer and Treasurer; Mark Boelke, our General Counsel and Secretary. Also in attendance is Mark Cano, representing Computershare Investor Services, our transfer agent and registrar for the last fiscal year. Mr. Cano has also been appointed inspector of elections to examine and tabulate proxies and ballots at this meeting. I will now ask the secretary to confirm that we have obtained a quorum and that we may proceed with the business of the meeting.

Mr. Chairman, notice of this meeting was given to all shareholders of record at the close of business on April 6, 2020, by U.S. Mail on or about May 5, 2020. I have for inclusion in the record of this meeting, a mailing affidavit to that effect. The preliminary report of the inspector of elections is that more than 93% of the voting interest of shares outstanding and entitled to vote are present in person or by proxy at this meeting, constituting a quorum. A quorum being present, this meeting is open to proceed with its business.

We will now conduct the business of the annual meeting relating to the proposals to be voted on -- upon by shareholders. We will proceed with the following order of business: the matters that are proposed to be voted upon will be discussed and a motion will be proposed and seconded, and following that, we will hold a vote on those matters. If you are a shareholder who has logged into this meeting and have any questions about these matters, please enter them in the space provided on the virtual meeting screen. Before asking any questions, we invite you to refer to the proxy statements for this meeting, which contains information about the proposals on today's agenda. We will answer questions related to the business of today's meeting, unless the question is substantially covered in the proxy statement. We won't be answering any questions that aren't related to the business of today's meeting. However, if you have any questions about our company, we encourage you to look at our public filings made with the U.S. Securities and Exchange Commission, which are available on the secretary -- on the SEC's website and the Entravision corporate website. You can also join us for our public earnings calls we hold following the end of each quarter when we publish our quarterly financial results. At this time, nominations are now in order for directors to serve for the terms set forth in the proxy statement and until their successors are duly elected and qualified. The Board of Directors have recommended the following -- the election of the following individuals and directors: Walter Ulloa, Paul Zevnik, Gilbert Vasquez, Patricia Diaz Dennis, Juan Saldívar, Martha Elena Diaz and Fehmi Zeko. These candidates are nominated to be elected as directors of the company. The Board has not received any other nomination in a timely manner. Accordingly, may I please have a motion to close the nominations.

I move that the nominations be closed.

I second the motion.

If there are no objections, the nominations are closed. Next, we will consider the proposal relating to an advisory vote on named executive officer's compensation as described in the proxy statement. A motion on the proposal is now in order.

I move that the proposal relating to an advisory vote on named executive officer compensation as described in the proxy statement be approved.

I second the motion.

We will now proceed to vote on the proposals, and I hereby declare that the polls are now open on the Entravision online meeting platform, as described in our proxy statement. It is not necessary for a shareholder to vote online if you've already sent in your proxy, unless you wish to change your vote. [Voting]

We'll now pause for a few seconds to gather the votes.

We now have all the ballots, and since all those wishing to vote by ballot have done so, I declare the polls closed. According to the preliminary report of the inspector of elections, each of the persons nominated to be a director of the company has been elected and the proposal relating to an advisory vote on named executive officer compensation has been approved. The matters which this meeting was called to consider have been completed, and there's no additional business before the meeting. The formal part of the meeting is therefore adjourned. We have not received any questions related directly to the business of the meeting. As a result, the meeting is therefore concluded. We thank you for attending today's meeting.

Operator?

This concludes the meeting. You may now disconnect.