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

Good morning, and welcome to the 2021 Annual Meeting of Evolus. I would now like to turn the meeting over to Vikram Malik, Chairman of the Board. Mr. Malik, you may now proceed.

Hello, ladies and gentlemen. Will the meeting please order? I want to welcome all of you to the Annual Meeting of Stockholders of Evolus, Inc. I'm 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, 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; and Jeff Plumer, General Counsel and Corporate Secretary. 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. 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 the 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 given properly. 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 April 12, 2021, are entitled to vote at the annual meeting. Our first order business at this meeting is to determine whether the shares represented at the meeting are sufficient to constitute a quorum for the purpose of transacting business. Mr. Plumer, do you have a report?

Yes. 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 the purpose of transacting such business as they properly come before it. The next order of business is the opening of the polls and a description of the matters to be voted on at today's meeting. The polls are now open. All Evolus stockholders entitled to vote at this meeting have the ability to do so online. If you're a stockholder entitled to vote and have not yet voted or if you want to change your previously cast cote, 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. The first proposal is the election of 3 Class III Directors: David Moatazedi, Vikram Malik and Karah Parschauer to serve until the Annual Meeting of Stockholders in 2024 and until their successor is duly elected and qualified. The Board of Directors recommends the election of David Moatazedi, Vikram Malik and Karah Parschauer as Class III Directors. 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, 2021. 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. 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've been informed by the inspector of election that based on a preliminary tabulation, each of David Moatazedi, Vikram Malik and Karah Parschauer, the nominees for election to the Board of Directors as Class III directors has received the requisite number of votes. Additionally, the appointment of Ernst & Young as independent public accounting firm for the fiscal year ending December 31, 2021, has been ratified by the requisite number of votes.

Thank you. Thank you for attending today's meeting. The formal business meeting is adjourned. We will now have a brief question-and-answer period.

Are there any questions, Mr. Secretary?

There appears to be no questions.

Okay. Seeing as there are no questions, ladies and gentlemen, thank you for attending today's meeting. The meeting is now adjourned. Thank you.

This concludes Evolus Annual Meeting of Stockholders. Thank you for joining.