EverQuote, Inc. (EVER) Earnings Call Transcript & Summary

Good morning. And welcome to the 2020 Annual Meeting of Stockholders of EverQuote. I am Dave Blundin, Chairman of the Board of Directors of EverQuote, and I'll be presiding over the meeting. At this time, I call the meeting to order. Due to the public health impact of COVID-19 pandemic and to support the health and well-being of our stockholders, employees and communities this year, we are holding our annual meeting in an all virtual format and we're pleased to have everyone join this live webcast. We have designed this meeting to provide stockholders the same rights and opportunities to participate as they would have in an in-person meeting. Before we get to the formal business of the meeting, I'd like to make some introductions. Joining us today in the meeting are: Seth Birnbaum, CEO, Co-Founder and Director; Sanju Bansal, Director; Paul Deninger, Director; John Lunny, Director; George Neble, Director; John Shields, Director; Mira Wilczek, Director; Jayme Mendal, Chief Operating Officer; John Wagner, CFO and Treasurer; and Dave Mason, General Counsel and Secretary. I would also like to introduce Kevin Shaw from PricewaterhouseCoopers, our independent registered public accounting firm. And finally introduce Joseph MacLellan, our Inspector of Election. I will now turn the meeting over to David Mason, General Counsel and Secretary, to conduct the formal part of the meeting.

Thank you, David. Each of you should have checked in online prior to entering the meeting. In order to conduct an orderly meeting, we ask that you follow the rules of conduct for the meeting, copies of which have been posted on the virtual meeting website. Please note the various remarks that we may make about future expectations, plans and prospects for the company constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the Risk Factors section of our most recent quarterly report on Form 10-Q, which is on file with the SEC. In addition, these forward-looking statements represent the company's expectations only as of today. While the company may elect to update these forward-looking statements, it specifically disclaims any obligation to do so. Any forward-looking statements should not be relied upon as representing the company's estimates or views as of any date subsequent to today. I have received an affidavit of distribution from Broadridge Financial Solutions, certifying that the notice of the annual meeting and proxy statement were sent to all stockholders of record as of April 13, 2020. This affidavit will be available for inspection by any stockholder. Our first order of business at this meeting is to determine whether the voting power represented at this meeting, either in person via the virtual meeting or by proxy, are sufficient to constitute a quorum for the purposes of transacting business. As of the record date on April 13, 2020, 16,500,670 shares of Class A common stock and 10,413,805 shares of Class B common stock were outstanding, which represent a total of 120,638,720 votes that are entitled to be cast at this meeting. The inspector of elections has informed me that the number of votes present at this meeting, either in person or by proxy, is 116,355,036 votes, representing approximately 96.5% of the total number of votes entitled to be cast at this meeting. Therefore, I declare a quorum exists. Turning now to the items to be voted on at this meeting as indicated in the notice of meeting and accompanying documents that were made available to stockholders. The first matter to be voted on is the election of 8 directors to serve until the 2021 annual meeting of stockholders or until their successors are duly elected and qualified. The 8 nominees for election are: David Blundin, Sanju Bansal, Seth Birnbaum, Paul Deninger, John Lunny, George Neble, John Shields and Mira Wilczek. The final matter to be voted on is the ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ended December 31, 2020. [Operator Instructions] Are there any questions at this time? Seeing no questions, we'll move on to voting on the proposals. I hereby declare the polls are now open for each matter to be voted upon today. Any stockholder who hasn't yet voted or who wishes to change their vote, may do so by clicking the vote here button on the screen and following the instructions there. Stockholders who have sent in proxies or voted via telephone or online and do not want to change their votes do not need to take any further action. We will pause briefly to allow stockholders to vote. [Voting]

Now that everyone has had an opportunity to vote, the polls are now closed. This concludes the business items on the agenda for this meeting. The polls are now closed. Will Joseph MacLellan please tabulate the votes? We now have the preliminary report of the results of the meeting. Each of the nominees for director has been elected as a director. The appointment of PricewaterhouseCoopers LLP has been ratified. The final vote results will be included in the Form 8-K that will be filed within 4 business days after this meeting.

As there is no further business to come before this meeting, I declare the formal part of this meeting to be adjourned. We'll now answer appropriate questions from the stockholders. [Operator Instructions]

Thank you. At this time, there are no questions.

All right. Given that there are no questions, we will now conclude the meeting. Thank you, everyone, for your participation.