Envirotech Vehicles, Inc. (EVTV) Earnings Call Transcript & Summary

Greetings. Welcome to Envirotech Vehicles, Inc. 2025 Annual Meeting of Stockholders Call. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to your host, Phil Oldridge, Chief Executive Officer and Chairman of the Board of Directors. Phil, please go ahead.

Ladies and gentlemen, shareholders and directors and officers, good morning. I will now call the annual meeting, the 2025 Annual Meeting of Stockholders of Envirotech Vehicles to order, December 30, 2025, at 9:05 a.m. Pacific Time. The meeting is now in order. Hello, and welcome to the 2025 Annual Meeting of the Stockholders of Envirotech Vehicles, Inc. My name is Phillip Oldridge, and I am the Chief Executive Officer and Chairman of the Board of the Directors and will act as Chairman of this Annual Meeting of the Stockholders. Before I call this meeting to order completely, I would like to take a moment to recognize and thank Melissa Barcellos, who will not be standing for reelection today for her service as a member of our Board over the past several years. It is approximately 9:05 a.m. Pacific Time and in accordance with the notice of this meeting and on behalf of the Board of Directors, I now call this meeting to order. I will now introduce the other directors and officers of the company who are in attendance with -- in this meeting with us. Three of our directors: Ms. Terri Elk White; Mr. Michael Di Pietro; and Mr. Jason Maddox, who also serves as our President and Interim Chief Financial Officer. Also attending today via live [ webcam ] are our Chief Operating Officer, Elgin Tracy; and our Chief Communications Officer, Merrick Alpert. At this time, I would like to introduce Emily White of Issuer Direct Corporation, who has been appointed as the Inspector of the Elections at this meeting. She has taken and subscribed to the customary oath of office to execute the duties of the Inspector of the Elections with strict impartiality. We will file this oath with the records of the meeting. The function of the Inspector of Elections is to decide upon the qualification of voters, accept their votes and when balloting on all matters is compiled, then to tally the final votes. If you have not yet obtained copies of the agenda of the rules of the procedures for this annual meeting, we direct you to find such materials of the meeting on the website. To conduct an orderly meeting, we ask that all participants read and abide by these rules and procedures of this meeting. The Board of Directors set November 13, 2025, as a record date of this Annual Meeting of Stockholders. Well, Mr. Maddox, as the Secretary of the meeting, please report at this time with respect to the mailing of the notices of the annual meeting and shares presented at the meeting. Mr. Maddox?

I present the affidavit of mailing of Issuer Direct Corporation, which states the notice of meeting and accompanying proxy materials were available online and mailed on or about November 17, 2025, to the stockholders of record [ date ]. As of the close of business on the record date, the company had outstanding and entitled to vote 4,829,515 shares of common stock, each of which is entitled to 1 vote. We have been informed by the Inspector of Election that a preliminary count of the shares of common stock represented at the meeting virtually or by proxy shows that holders of less than the majority of outstanding shares of common stock entitled to vote at the meeting are represented.

Because holders have less than a majority of the shares entitled to vote at this meeting are present virtually or by proxy, I am unable to declare a quorum present. I will now adjourn the meeting until January 20, 2026, at 9:00 a.m. Pacific Time. The annual meeting will be reconvened via the Internet as a completely virtual meeting. Please note that if you have already voted via proxy, your vote will be counted and there will be nothing else for you to do. However, if you should decide that you wish to change your vote, you have the opportunity to rescind your original proxy and recast your vote prior to reconvened meeting. Voting remains open by telephone, the Internet or by mail prior to the reconvened meeting and will close at 8:59 p.m. Pacific Standard Time, January 19, 2026. The proxy statements and our annual report for the fiscal year ended December 31, 2024, are available on the SEC's website. Pursuant to Section 222 of the Delaware General Corporation Law and Section 1.7 of the company's bylaws, I hereby adjourn this Annual Meeting of Stockholders. Thank you, everyone, for your time today, and we look forward to speaking with you again at the reconvened time of the meeting on January 20, 2026.

This now concludes the Envirotech Vehicles, Inc. 2025 Annual Meeting of Stockholders until the meeting is reconvened at 9:00 a.m. Pacific Time on January 20, 2026.