Ladder Capital Corp (LADR) Earnings Call Transcript & Summary

Good afternoon. And welcome to the Ladder Capital Corporation 2020 Annual Meeting of Stockholders. I would now like to turn the conference over to Brian Harris. Please go ahead, sir.

Good afternoon. I am Brian Harris, Chief Executive Officer of Ladder and it is my honor to welcome you to the 2020 Annual Meeting of Stockholders of Ladder Capital Corp. I would also like to welcome the other members of the Board of Directors and officers of the company who have joined us today. Kelly Porcella, Ladder's Chief Administrative Officer and General Counsel, will be serving as chair of this meeting. On behalf of everyone at Ladder, I would like to thank you for joining our annual shareholder call and for investing alongside of us. I hope you and your loved ones have remained healthy and safe during these trying past few months. And I hope the world is in a better place next year when we meet again in 2021. The meeting will now come to order. Kelly?

Thank you, Brian. And now I would like to turn our attention to Ladder's 2020 Annual Meeting of Stockholders. The company has appointed Broadridge Financial Solutions, Inc. to act as inspector of election. [ Jed Levitt ] from Broadridge is attending this meeting and has taken the oath of inspector of election. A web replay of the annual meeting will be posted at www.virtualshareholdermeeting.com/LADR2020 for a period of 1 year. No one attending via the webcast is permitted to use any audio recording device. The Board fixed April 13, 2020, as the record date for determining stockholders entitled to vote at this meeting. We have been informed by the inspector of election that more than a majority of the voting power of all issued and outstanding shares of Class A and Class B common stock entitled to vote on the record date are now represented either in person or by proxy. As such, a quorum is present for the purposes of transacting business and for purposes of voting on each of the proposals to be considered at this meeting. We are here to consider 2 proposals as indicated in more detail in the Notice of Internet Availability of Proxy Materials and the accompanying documents that were made available beginning on April 28, 2020, to all holders of record of Class A and Class B common stock as of the close of business on the record date. They are the reelection of Mark Alexander and Brian Harris to the Board and the ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2020. The polls are now open. Any stockholder who hasn't yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. Stockholders who have sent in proxies or voted via telephone or Internet and do not want to change their vote do not need to take any further action. [Voting]

Now that everyone has had the opportunity to vote, I declare the polls for the 2020 Ladder Capital Corp. Annual Meeting of Stockholders closed. We have been informed by the inspector of election that the preliminary vote report shows that in regards to Proposal 1, Mr. Harris and Mr. Alexander have been elected to the Board and Proposal 2 has been approved. We will be reporting the final vote results in a Form 8-K to be filed within 4 business days. The 2020 Annual Meeting of Stockholders of Ladder Capital Corp. is now formally adjourned. We would like to thank you for your attendance and look forward to speaking with you at our next annual meeting.

The conference has now concluded. Thank you for attending today's presentation, you may now disconnect.