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. [Operator Instructions] It is now my pleasure to turn today's meeting over to Michael Christenson, Chief Executive Officer of Entravision Communications Corporation. Michael, the floor is yours.

Thank you. Good morning, ladies and gentlemen. The 2024 Annual Meeting of the Shareholders of Entravision Communications Corporation is now called to order. Again, I am Michael Christenson, 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. I would like to begin by introducing the other directors present at this meeting: Paul Zevnik, Gilbert Vasquez, Martha Elena Diaz, Fehmi Zeko, Tom Strickler, Brad Bender and Lara Sweet. I would like to introduce the other executive officers of the company present at the meeting: Mark Boelke, Chief Financial Officer and Treasurer; and Jeff DeMartino, General Counsel and Secretary. Also attending virtually is Nicole Hunt, representing Computershare Investor Services, our transfer agent and registrar for the last fiscal year. Ms. Hunt 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.

Notice of this meeting was given to all shareholders of record at the close of business on April 17, 2024, by U.S. mail on or about May 2, 2024. 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 89% 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.

Thank you. We will now conduct the business of the annual meeting and the proposals to be voted upon by the shareholders. We will proceed with the following order of business. The matters to be acted upon by the shareholders at the meeting will be discussed, moved and seconded, with the vote to be held following any discussion. If you are logged on to this meeting as a shareholder and have any questions about these matters, please enter them into the space provided on the virtual meeting screen. Before asking your question, we invite you to refer to the proxy statement for this meeting, which contains information about the proposal on today's agenda. We will answer any questions directly related to the business of this meeting. We will not answer questions not related to the business of today's meeting or if the answer to the question is substantially covered in the proxy statement. At this time, nominations set forth in proposal #1 of the proxy statement are now in order for the election of 8 directors to serve for the 1-year term set forth in the proxy statement and until their successors are duly elected and qualified. In proposal 1, the Board of Directors favors the election of the following individuals as directors: Paul Zevnik, Gilbert Vasquez, Martha Elena Diaz, Fehmi Zeko, Michael Christenson, Tom Strickler, Brad Bender and Lara Sweet. These candidates are hereby nominated to be elected 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.

I declare that the nominations are closed. Next, we will consider the proposal #2, to ratify the appointment of Deloitte & Touche, LLP as independent public accountants of the company for the fiscal year ending December 31, 2024, as described in the proxy statement. A motion on the proposal is now in order.

I move that proposal 2, to ratify the appointment of Deloitte & Touche, LLP as independent public accountants of the company for the fiscal year ending December 31, 2024, be approved.

I second the motion.

Next, we will consider proposal #3 relating to an advisory vote to approve named executive officers' compensation, as described in the proxy statement. A motion on the proposal is now in order.

I move that proposal 3 relating to an advisory vote to approve named executive officers' compensation, as described in the proxy statement, be approved.

I second the motion.