Entravision Communications Corporation (EVC) Earnings Call Transcript & Summary

Hello, and welcome to the Annual Meeting of Stockholders 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 2021 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 Communications Corporation. We want to welcome you, and thank you for your attendance at this meeting. This year's annual meeting of shareholders is a virtual meeting only. We hope all of our shareholders in attendance are all well and safe. I would like to begin by introducing the other directors and nominees present at the meeting. 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 present at the meeting. Christopher Young, our Chief Financial Officer and Treasurer; Mark Boelke, our General Counsel and Secretary. Also attending virtually is Sue Barron, representing Computershare Investor Services, our transfer agent and registrar for the last fiscal year. Ms. Barron 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 5, 2021, by U.S. Mail on or about May 3, 2021. I have for inclusion in the record of this meeting a mailing affidavit to that effect. The preliminary reports of the inspector of elections is that more than 90% of the voting interest of shares outstanding and entitled to vote are present in person or by proxy at this meeting, constituting a quorum. Because there is a quorum present, this meeting is open to proceed with its business.

Thank you. We will now conduct the business of the annual meeting relating to the proposals to be voted upon by the shareholders. We will proceed with the following order of business. The matters should be acted upon by the shareholders at this meeting will be discussed, moved and seconded with the vote to be held for following any discussion. If you are logged on to this meeting as a shareholder and have any questions about these matters, please enter them in the space provided on the virtual meeting screen. Before asking a question, we invite you to refer to the proxy statement for this meeting, which contains information about the proposals on today's agenda. We will not answer any questions, which is not related to business for today's meeting, or if the answer to the question is substantially covered in the proxy statement. At this time, nominations are now in order for the 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 favors 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 hereby nominated to be elected as directors of the company. The Board has not received any other nominations 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.

Thank you. If there are no objections, the nominations are closed. Next, we will consider the proposal relating to an amendment of Entravision's 2004 Equity Incentive Plan as described in the proxy statement. A motion of the proposal is now in order.

I move that the proposal relating to an amendment of Entravision's 2004 Equity Incentive Plan as described in the proxy statement be approved.

I second the motion.

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

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 director of the company has been elected and the proposals relating to an amendment of Entravision's 2004 Equity Incentive Plan has been approved. The matters which this meeting was called to consider have been completed, and there is no additional business before the meeting. The formal part of this meeting is, therefore, adjourned. We have not received any questions directly relating to the business of the meeting. As a result, the meeting is therefore concluded. We thank you all for your attendance of today's meeting. Thank you.

Operator?

This concludes the meeting. You may now disconnect.