Establishment Labs Holdings Inc. (ESTA) Earnings Call Transcript & Summary

Good morning. Welcome to the 2021 Annual Meeting of Shareholders of Establishment Labs Holdings, Inc. I would now like to introduce the first presenter, Nick Lewin, Chair of the Board of Directors. Mr. Lewin?

Good morning, and welcome to everyone participating with us today. I would like to call to order the 2021 Annual Meeting of Shareholders of Establishment Labs Holdings, Inc., which is being held virtually. I am Nick Lewin, Chair of the Board of Directors of the company. I would like to introduce the other directors who are with us today for the annual meeting, Lisa Colleran; Ed Schutter, Dennis Condon, Lisa Gersh; and our Chief Executive Officer; Juan José Chacón-Quirós constituting all members of our Board. Along with me today are several members of the company's senior management team, including Renee Gaeta, Chief Financial Officer; and [ Dan Horbach ] the company's Legal Counsel. On behalf of your Board of Directors and management, I welcome all shareholders in attendance today at our 2021 annual meeting. Representatives of Marcum LLP, the company's independent auditors are also participating and will be available following the formal portion of the meeting to respond to appropriate questions submitted online from shareholders. My sincere thanks to all shareholders voting today and by proxy in advance of the meeting. Thank you for your interest in our company's mission, business and future prospects. I will now turn the meeting over to Renee Gaeta, who will conduct the formal part of the annual meeting and serve as Secretary of the meeting.

Thank you, Nick. Good morning, and welcome to all of our shareholders participating online. During the meeting, shareholders participating online are welcome to submit their questions through the virtual meeting platform by typing their question and to Ask a Question field and clicking submit. Questions pertinent to the meeting matters will be answered following the formal portion of this meeting subject to time constraints. As indicated on the notice of meeting and accompanying documents that were mailed to all shareholders of record as of the record date, the following matters have been proposed by the Board for approval or ratification by the shareholders: number one, to elect 1 Class III director to serve for a 3-year term; and number two, to ratify the appointment of Marcum LLP as our independent registered public accounting firm for our fiscal year ended December 31, 2021. We will consider each item in turn in the same order as they appear on the notice of meeting. The polls will open when the first matter is called to vote and will remain open until I announce that the polls are closed. You may vote your shares during the meeting online through the virtual meeting platform. You will need your 16-digit control number included on your proxy card or voting instruction form. If you noted previously, that will not limit your right to vote online during the meeting through our virtual platform, meeting platforms, and your online vote will supersede any previous vote submission. No online votes, ballots or proxies or revocations or changes to online votes, ballots or proxies will be accepted after the polls are closed. We will announce the voting results on each matter following the tabulation. I have received the affidavit from Broadridge Financial Solutions, the company's agent for distribution, certifying that the notice of the annual meeting and the proxy statement were sent to all shareholders of record as of April 5, 2021. This affidavit is available for inspection by any shareholder. In addition, we were informed by the Inspector of elections that present at this meeting, in person or through representation by proxy, 18,322,646 shares of common stock representing approximately 77.3% of outstanding shares of common stock of the company as of 8 a.m. this morning. Based on this number of shares reported at the present meeting, I'm happy to report that there is a quorum exists. I will review the proposals now. Proposal #1 is the election of directors. The first matter to be voted on is the election of 1 Class III directors for a 3-year term. The nominee for election is Lisa Gersh. Proposal #2, the second matter to be voted on is the ratification of the appointment of Marcum LLP as the company's independent public accounting firm for our 2021 fiscal year. This concludes the business items on the agenda for the annual meeting. The polls are now closed. I have been informed by the inspector of elections that preliminary vote report shows that the majority of the votes cast in this meeting have been voted for in favor of the directors nominated to serve as a Class III director of the company and that proposal #2 received the requisite vote in favor and was, therefore, approved by the shareholders. We will be reporting our final vote results in a Form 8-K that will be filed with the SEC within 4 business days. This concludes the formal business of today's meeting, and the formal part of the meeting is now adjourned. In closing, I'd like to again thank all shareholders in attendance to your participation this morning. In our virtual annual meeting and for your interest in Establishment Labs. I will now take questions from the shareholders related to the annual meeting matters. There being no questions, I'd like to thank all of our shareholders for participating in the annual meeting.

Thank you. The 2021 annual meeting of shareholders of Establishment Labs Holding has officially concluded. Thank you for attending. You may now disconnect.