Ichor Holdings, Ltd. (ICHR) Earnings Call Transcript & Summary

Hello, everyone, and welcome to the 2021 Annual General Meeting for Ichor Holdings, Ltd. Before we get started, I would like to go over a few items so you know how to participate in today's meeting. The voting function can be found at the bottom right side of the platform and will be available once polls are open. At the end of the meeting, You'll have the opportunity to submit text questions to today's presenters by typing your questions into the questions panel of the platform. You may also send in your questions at any time during the meeting. We will collect these and address them during the Q&A session at the end of today's shareholder meeting. Today's meeting is being recorded. I would now like to introduce Jeff Anderson, CEO of Ichor.

Good morning, and welcome to Ichor's 2021 Annual General Meeting of Shareholders. I'm Jeff Andreson, Chief Executive Officer, and I'll be presiding over this meeting this morning. I'll call this meeting to order at 9:05 a.m. I'd like to start by introducing the directors, officers of Ichor and auditors who are virtually present with us today. On the call today are Tom Rohrs, Executive Chairman; Iain MacKenzie, our Lead Independent Director; Marc Haugen, Laura Black, Wendy Arienzo, Sarah O'Dowd and Dennis White of KPMG as well as Larry Sparks, our CFO, who is here with me today. Notice of today's meeting has been duly given and proxy materials have been made available to holders of our ordinary shares. Ms. [ Elsie Fletcher ] of Broadridge, who is participating by teleconference is serving as Inspector of Elections, has reported that shareholders owning at least a majority of the voting power entitled to vote are present in person or by proxy. Therefore, a quorum is present for today's meeting. I'll now cover procedures for the meeting. If anyone has not submitted a proxy on the proposals properly brought before the meeting or if anyone who has previously submitted a proxy would prefer to change his or her vote, please do so now. The results of the voting on the proposals will be announced at the end of the meeting. The final vote totals will be included in our filings as soon as all proxies are verified and tabulated. After the conclusion of the official meeting business, questions will be entertained from shareholders. Shareholders must state their name and identify themselves as a shareholder or if acting as a representative of a shareholder, identify the shareholder they represent. As a reminder, we do not give guidance or provide forward-looking financial or other information during the question-and-answer session. The next order of business is a description of the matters to be voted on at today's meeting. The first proposal before the shareholders is the reelection of 2 members of our Board of Directors to serve until our Annual General Meeting to be held in 2024, or until their respective successors are duly elected and qualified. The director nominees will be elected if they receive a majority of the votes cast by the holders of our ordinary shares present in person or by proxy. The nominees are Jeff Andreson and John Kispert. Because Ichor has an advanced notice provision in its memorandum and articles of Association, no additional nominations will be accepted. Thus I will declare nominations for directors closed. The Board of Directors represents you vote for each director nominee. The second proposal is the ratification of the appointment of KPMG LLP as our independent registered public accounting firm for 2021. The Board recommends -- the Board of Director recommends you vote for such ratification. Because no further business is on the agenda to come before this meeting, we will commence the voting. As a reminder, if you have provided your proxy card or otherwise voted in advance of the meeting, your shares will be voted accordingly. Please do not vote during the annual meeting unless you want to change your proxy vote. I declare the polls now open for each matter to be voted on today. If you properly register to attend this virtual meeting and have not already voted, please do so now in accordance with instructions on your computer screen. [Voting] I now declare that the polls are closed and ask the inspector to tally the vote and report the results of the meeting. The Inspector of Elections has informed me that the ballots have been tabulated and will provide the preliminary voting results as follows. Elsie?

Proposal #1, Mr. Andreson and Mr. Kispert has been elected Directors. Proposal #2, KPMG LLP has been ratified as our independent registered public accounting firm for 2021.

Moderator, you can move forward?

Thank you, Jeff. We are now going to begin answering the questions submitted during today's shareholder meeting. I will also remind you that we do not give guidance or provide forward-looking financial information or other information during the question-and-answer session. You can still submit questions through the questions panel of the platform

There are no questions submitted. And as such, our program for the day has concluded. Thank you all for attending today's meeting and for your support of Ichor.