Itron, Inc. (ITRI) Earnings Call Transcript & Summary

Good morning, and welcome to the 2021 Annual Shareholders Meeting of Itron. The agenda and rules of conduct appear on your screen or through the provided link. Itron will conduct its meeting in accordance with these documents. [Operator Instructions] Now please welcome Lynda Ziegler, Chair of the Itron Board.

Good morning, and welcome to the 2021 Annual Shareholders Meeting of Itron, Inc. I am Lynda Ziegler, Chair of the Board, and I will be presiding at this meeting. Sarah Hlavinka will act as secretary of the meeting; Leah Grant has been appointed to act as inspector of elections. We thank our shareholders for attending this virtual shareholder meeting out of consideration for the health and safety of our shareholders, employees and Board members. The secretary has notified me and delivered an affidavit of mailing, establishing that notice of this meeting was duly given. All shareholders of record at the close of business on March 16, 2021, are entitled to vote at the annual meeting. The inspector of elections has confirmed to me that a quorum exists for this meeting. Therefore, I declare this meeting to be duly convened and we will proceed to the business of the meeting. The minutes of the 2020 Annual Meeting of Shareholders are available via the Broadridge provided link and are therefore deemed to have been read. If there are no corrections or changes, the minutes of the meeting of May 7, 2020, are approved. This 3 proposals up for vote have all been described in our proxy statement. They are: The election of 2 directors, each for a term of 3 years ending upon our 2024 Annual Meeting of Shareholders, Thomas Deitrich and Timothy Leyden; to approve, on a nonbinding advisory basis, the compensation of our named executive officers for the fiscal year ended December 31, 2020, or say-on-pay; the ratification of the appointment of Deloitte & Touche LLP as the company's independent registered public accountant for the 2021 fiscal year. The polls are now open for voting. Is there anyone who would like to vote or who would like to change a vote that they previously submitted via proxy? If so, please submit your vote using the virtual interface and instructions provided and your vote will be included in the final results. [Voting]

If there are any questions related to the proposals, please type it into the text box interface appearing on your screen, or call the voice dial-in phone line where an operator will assist you.

There are no questions.

Thank you for voting. I declare that the polls are closed at 9:04 a.m. Central Time on May 13, 2021. The inspector of elections will now count the votes. As you are aware, a large majority of our shareholders have voted in advance of this meeting. The inspector of elections has confirmed that the preliminary voting results show that all of the proposals have passed. The final voting results will be filed with the SEC in a Form 8-K within 4 business days. That concludes the business portion of our meeting and the meeting of shareholders is hereby adjourned. I would now like to turn the meeting over to our President and CEO, Tom Deitrich.

Thank you, Lynda. I would like to take this time to thank the Itron employees for their hard work and dedication over the last year during these unique times of operating during the pandemic. Lastly, I would like to thank our shareholders and our Board of Directors for their continuing support. At this point, we'll be happy to open up the general session and take any questions.

There are no questions.

Thank you, Sarah. Thank you all for attending, and this concludes the call. Thank you, everyone.