Jamf Holding Corp. (JAMF) Earnings Call Transcript & Summary

Good morning, and welcome to the Jamf Holding Corp. 2021 Annual Meeting of Shareholders. I will now turn the meeting over to Dean Hager.

Good morning, ladies and gentlemen. I'm Dean Hager, Chief Executive Officer of Jamf Holding Corp. On behalf of Jamf, I want to welcome you and thank you for attending our 2021 Annual Meeting of Shareholders. I'm joined today by other members of our management team, members of the Board, representatives from Ernst & Young, our independent registered public accounting firm and an agent of Broadridge Financial Solutions, the inspector of election for this meeting. I will act as Chairman of this meeting; Jeff Lendino, our Chief Legal Officer, will act as Secretary; Tony Carideo, an agent of Broadridge Financial Solutions, will act as the inspector of election for this meeting. This meeting is now called to order. The agenda setting forth the proposals for consideration and the meeting's rules of conduct are each available on the virtual meeting page. There are 5 proposals scheduled to be voted on today. Once the polls are closed, we will provide the preliminary voting results based on report from the inspector of election and will then adjourn the meeting. We will then answer any appropriate questions from shareholders during the time allotted. A representative from E&Y is also available to answer appropriate questions. [Operator Instructions] The polls for each matter upon which shareholders will vote at this meeting opened at 9:00 a.m. Eastern Standard Time and will remain open until I announce that the polls are closed. No votes will be accepted after the polls are closed. Near the end of the meeting, after the report on the tabulation of the voting, I will announce the voting results on the proposals. Now I would like to introduce Jeff Lendino, who will present the formal business of today's meeting. Jeff?

Thank you, Dean. The Board fixed March 29, 2021, as the record date for determining shareholders entitled to vote at this meeting. An affidavit of mailing is with the inspector of elections, attesting to the fact that the notice of meeting, the proxy statement and the 2021 annual report on Form 10-K were mailed to all shareholders of record beginning April 12, 2021. The presence in-person or by proxy of the holders of a majority of the outstanding shares of Jamf's common stock entitled to vote at this meeting constitutes a quorum to transact business on all matters to be considered at this meeting. Each share of common stock is entitled to one vote. I have been advised by the inspector of elections there are present at this meeting, shareholders owning at least a majority of the voting power entitled to vote, present in person or by proxy. Accordingly, a quorum is present. Now I will present the matters to be voted upon. Proposal 1 is the election of directors, for election as directors to hold office until our 2024 Annual Meeting of Shareholders or until their successors are duly elected and qualified, David Breach, Michael Fosnaugh and Christina Lema. Jamf has an advanced notice provision in its bylaws. Accordingly, all nominations are closed. Proposal 2 is an advisory vote to approve the retention of the classified structure of our Board. Proposal 3 is an advisory vote to approve the retention of the supermajority voting standards in Jamf's certificate of incorporation and its bylaws. Proposal 4 is the adoption of the Jamf's 2021 Employee Stock Purchase Plan. And Proposal 5 is the ratification of the appointment of Ernst & Young LLP as our independent auditors for the 2021 fiscal year. If you've already given your proxy to vote your shares, you need not vote during the meeting since the persons designated as proxies will vote for you as indicated in the proxy cards. If you haven't authorized your vote or if you want to change your vote, you may do so now online by following the instructions on the virtual shareholder meeting screen. Please hit the vote now button if you haven't already voted or like to change your vote. [Voting]

The polls are now closed. This concludes the business items on the agenda for this annual meeting. I, as the Chairman of the meeting, recognize the votes on the proposals represented by the proxies solicited by the Board of Directors. The votes will now be tabulated, after which we will announce the results of the voting. The inspector of election has informed me that each of the proposals: 1, 2, 3, 4, and 5 have received the requisite affirmative approvals to pass. I hereby declare that each of the nominees listed in Proposal 1 has been elected as a Director of the company. The classified structure of the Board as set forth in Proposal 2 has been approved on an advisory basis; that the super majority voting standards in the Jamf's certificate of incorporation and bylaws, as set forth in Proposal 3, have been approved on an advisory basis; that adoption of the Jamf's 2021 Employee Stock Purchase Plan, as set forth in Proposal 4, has been approved; that appointment of Ernst & Young LLP as our independent auditors for the 2021 fiscal year has been ratified. Now we would like to open things up for shareholder questions and comments entered on the web portal. Please note, we will attempt to answer as many questions as time allows. [Operator Instructions]

Please stand by as we prepare the questions. There are currently no questions submitted at this time. I would now like to turn the meeting back over to Dean Hager.

I want to thank you for attending today's meeting. If there is no further business to come before the meeting, it is adjourned. Thank you all for attending today's meeting and for your continuing support of Jamf.

The meeting has now concluded. Thank you for participating. You may now disconnect.