Glaukos Corporation (GKOS) Earnings Call Transcript & Summary

Thank you, Diana. I will now proceed with the formal business of the meeting. There are 3 items of business to be considered and voted on by stockholders. The first item of business is the election of 3 Class III directors to serve a term that expires at the company's 2024 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified. The Board of Directors nominees are: Thomas Burns, Marc Stapley and Dr. Leana Wen. Because no other nominations were received in accordance with the advanced notice provisions of Glaukos' bylaws, all nominations are now closed. The Board of Directors recommends a vote for all of the director nominees. The second item of business is the proposal to approve, on an advisory basis, the compensation of the company's named executive officers as described in the proxy statement. As further described in the proxy statement, we are asking stockholders to vote on the following resolution: Resolved that the company's stockholders approve, on an advisory basis, the compensation paid to the company's named executive officers as set forth under executive compensation, including the compensation, compensation discussion and analysis, summary compensation table and the related compensation tables and narrative disclosure in the proxy statement for the 2021 Annual Meeting of Stockholders. The Board of Directors recommends a for the approval on an advisory basis of the compensation of the company's named executive officers. The third and final item of business is the proposal to ratify the appointment of Ernst & Young LLP to serve as Glaukos' independent registered public accounting firm for the year ending December 31, 2021. The Board of Directors recommends a vote for the ratification of the appointment of Ernst & Young LLP. That concludes the introduction of all matters requiring a stockholder vote today. Are there any questions on any of the proposals. The polls are now open, and we will now vote on the proposals. The voting today is by proxy and electronic ballot. If you've already submitted a proxy by telephone, Internet or mail and do not wish to change your vote, you don't need to do anything else at this time. Any stockholder who hasn't voted or wishes to change their vote, may do so by clicking on the Vote Here button on the webcast portal and following the instructions. If you have not yet submitted a proxy or electronic ballot, you must submit your electronic ballot now in order for your vote to be counted by the inspector of elections. We will leave the polls open for a few moments to allow anyone who chooses to vote electronically to cast their ballots. [Voting]

Now that everyone has had the opportunity to vote, I declare the polls closed. Mr. Larsen, the inspector of elections, will now report on the preliminary voting results. Mr. Larsen?

Yes, with respect to proposal 1, Mr. Burns, Mr. Stapley and Dr. Wen each received a plurality of the votes cast on the proposal at today's annual meeting, representing in excess of 50% of the shares of common stock present or represented by proxy and entitled to vote on the proposal. With respect to proposal 2, stockholders holding in excess of 50% of the shares of common stock present or represented by proxy and entitled to vote on the proposal at today's annual meeting voted for the approval, on an advisory basis, of the compensation of the company's named executive officers. With respect to proposal 3, stockholders holding in excess of 50% of the shares of common stock present or represented by proxy and entitled to vote on the proposal at today's annual meeting voted for ratification of the appointment of Ernst & Young, LLP as the company's independent registered public accounting firm for fiscal year 2021.

Thank you, Mr. Larsen. Based on the results tabulated by the inspector of elections, the vote shows that the stockholders have elected each of Mr. Burns, Mr. Stapley and Dr. Wen as Class III directors for a term expiring at the 2024 Annual Meeting of Stockholders and until his or her respective successor has been duly elected and qualified; approved, on an advisory basis, the compensation of Glaukos' named executive officers; and ratified the appointment of Ernst & Young LLP as Glaukos' independent registered public accounting firm for fiscal 2021. The final results of the vote today will be reported in a Form 8-K to be filed with the Securities and Exchange Commission within the next 4 business days. Ladies and gentlemen, that concludes our planned agenda. There is no other formal business before the meeting today, and I now declare the meeting adjourned.

I'm Joe Gilliam, Glaukos' Chief Financial Officer. Thank you for participating today in our annual meeting. We would now welcome questions from our stockholders about other matters relating to our business. With us for the Q&A are Tom Burns, our President and Chief Executive Officer; and Chris Calcaterra, our Chief Operating Officer. This question-and-answer session will last no longer than 15 minutes. [Operator Instructions] Before we begin, I would like to note that our responses to your questions today may include forward-looking statements. Our actual results may differ materially from those projected in these statements. Please review the Risk Factors section included in our most recent quarterly report on Form 10-Q filed with the Securities and Exchange Commission for a discussion of factors that may cause actual results to differ from those projected in the forward-looking statements. Okay. There appears to be no questions at this time. So the question-and-answer period has now concluded. Thank you for joining us today.