Evolus, Inc. (EOLS) Earnings Call Transcript & Summary

Welcome, everyone, to the 2020 Annual Meeting of Evolus, Inc. I would now like to turn the meeting over to Vikram Malik, Chairman of the Board of Evolus.

Thank you. Good morning, ladies and gentlemen. Will the meeting please come to order? I would like to welcome all of you to the Annual Meeting of Stockholders of Evolus, Inc. I am Vikram Malik, Chairman of the Board of Evolus, and I will be presiding at this meeting. Also present at the meeting today are our directors, Simone Blank; Peter Farrell; David Gill; Robert Hayman; and Karah Parschauer; as well as David Moatazedi, President, Chief Executive Officer and Director of Evolus. Other members of management present are Lauren Silvernail, CFO and EVP, Corporate Development; Jeff Plumer, VP, Legal and Corporate Secretary; and Ashwin Agarwal, VP, Finance, Treasury and Investor Relations. Mr. Plumer will act as secretary of the meeting. [ Richard Leza ], a representative of Broadridge Financial, has been appointed to act as inspector of election and has taken his oath earlier today. The representatives from Ernst & Young, our independent registered public accounting firm, are also present at the meeting. This is a virtual stockholder meeting. On the virtual stockholder meeting portal, there is a list of rules of conduct and procedures for this annual meeting. To conduct an orderly meeting, we ask that participants abide by these rules. After the formal meeting has been adjourned, we will provide time for general questions that meet the conditions set forth in the rules of conduct. Only validated stockholders may ask questions in the designated field on the web portal. Out of consideration for others, please limit yourself to one question. The secretary has delivered an affidavit of mailing, establishing that notice of this meeting was duly given. A copy of the notice of meeting and the affidavit of mailing will be incorporated into the minutes of this meeting. All stockholders of record at the close of business on March 6, 2020, are entitled to vote at the annual meeting. Our first order of business at this meeting is to determine whether the shares represented at the meeting, either in person or by proxy, are sufficient to constitute a quorum for the purpose of transacting business. Mr. Plumer, do you have a report?

Yes. The stockholders list shows that holders of 33,728,035 shares of common stock of the company are entitled to vote at this meeting. We are informed by the inspector of election that they are represented online or by proxy a majority of the shares entitled to vote and therefore a quorum is present.

Thank you. Because a quorum is present, I declare this meeting to be duly convened for purposes of transacting such business as may properly come before it. The next order of business is a description of the matters to be voted on at today's meeting. The first proposal is the election of a Class II Director, Simone Blank, to serve until the Annual Meeting of Stockholders in 2023 and until her successor is duly elected and qualified. The Board of Directors recommend the election of Simone Blank as a Class II Director. The second proposal is the ratification of the appointment of Ernst & Young as the company's independent registered public accounting firm for the fiscal year ending December 31, 2020. The Board of Directors recommends the ratification of the appointment of Ernst & Young. Are there any questions related to the proposals to be voted on at this meeting? Okay. Since there are no questions, we will now open the polls. The polls are now open. All Evolus stockholders entitled to vote at this meeting have the ability to do so online. If you are a stockholder entitled to vote and have not yet voted or if you want to change your previously cast vote, please do so via the website used to access this meeting. If you previously voted by proxy, you do not need to vote today unless you wish to change your vote. [Voting]

Okay. Now that everyone has had the opportunity to vote, I declare the polls closed. Will the secretary please report the preliminary results of the voting?

We have been informed by the inspector of election that based on a preliminary tabulation, Simone Blank, the nominee for election to the Board of Directors as a Class II Director, has received the requisite number of votes; and the appointment of Ernst & Young as independent public accounting firm for the fiscal year ending December 31, 2020, has been ratified by the requisite number of votes.

Thank you. And thank you all for attending today's meeting. The formal business meeting is now adjourned. We will have a brief question-and-answer period for those wishing to ask questions. Okay. I think there are no questions. I will adjourn the meeting, and I would like to thank you again for attending today's meeting. Thank you all.

The conference has now concluded. We thank you for attending today's meeting, and you may now disconnect your lines.