Lazydays Holdings, Inc. (GORV) Earnings Call Transcript & Summary

Ladies and gentlemen, thank you for standing by, and welcome to the Lazydays Holdings Annual Meeting. I would now like to hand the conference to your speaker today, Bill Murnane. Please go ahead, sir.

Thank you. Good morning, ladies and gentlemen. I would like to bring the meeting to order. I am Bill Murnane, Chairman and Chief Executive Officer of Lazydays Inc., and I will serve as the Chairman of today's 2020 Annual Meeting of Stockholders. I would first like to express my appreciation for your interest in participating in the company's 2020 Annual Meeting of Stockholders. In order to make the meeting as efficient as possible, I would like to refer attendees to our rules of conduct, copies of which are available in the lower right-hand corner of your screen. At this time, the polls are open. If you have not voted your shares or wish to change previously cast votes, you may vote at your convenience during the meeting. Deborah (sic) [ Debbie ] Harrell, our Corporate Controller, will serve as the inspector of election and secretary of today's meeting and will tabulate and certify the votes. I would like to take this opportunity to introduce to you the other officers and directors of the company in attendance. On the phone with us today are Jordan Gnat and Erika Serow, 2 of our esteemed directors. I would also like to introduce Monte Singh, who has joined us telephonically today as a representative of Marcum LLP, the company's independent registered public accounting firm. Monte will be available to answer appropriate questions from stockholders or make a statement if so desired. At this time, I would like to ask Nick Tomashot, our CFO, to report on matters concerning the distribution of proxy materials and identification of shareholders of record as of the record date. Nick?

Thanks, Bill. I'm pleased to report that the notice of this annual meeting of stockholders has been duly given on or about April 30, 2020, to stockholders of record as of April 13, 2020, the record date for the determination of stockholders entitled to notice of and to vote at this meeting. And the notice of meeting, proxy statement and the 2019 Annual Report, which were made available to stockholders on or about April 30, 2020. We have here a list of stockholders of record as of April 13, 2020. We also have here a copy of the notice of meeting and proxy statement, the form of proxy and the 2019 Annual Report to stockholders, which we will include in the minutes of this meeting. The stockholder list shows that holders of 8,506,666 shares of common stock of the company are entitled to vote at this meeting and 600,000 shares of Series A convertible preferred stock are entitled to vote at this meeting. The Series A preferred stockholders are entitled to 6,737,278 votes. Collectively, the holders of common stock and preferred stock are entitled to 15,243,944 votes on each matter presented. There are present virtually or by proxy, 12,934,970 votes, approximately 84.85% of all votes corresponding to the shares of common stock and preferred stock entitled to vote at this meeting. I'll turn it back over to Bill.

Based upon the percentage of the total votes corresponding to the shares of common stock and preferred stock of the company present at the meeting virtually and by proxy, a quorum is present, and the meeting is now duly convened for the purpose of transacting business properly before it. I'll now introduce Deb Harrell.

Thanks. I just want to let you know the polls are now open for voting and they will close at the conclusion of the formal business portion of the meeting. Until the polls are closed, any stockholder of record may revoke or change his or her vote on any matter. However, upon the closing of the polls, no ballots, proxies or votes nor any revocations or changes will be accepted.

We will now proceed with the formal business of the meeting. Proposal 1 before the meeting is to elect Jerry Comstock as a Class B Director to serve until the 2023 Annual Meeting of Stockholders or until his successor shall have been duly elected and qualified. Is there any discussion?

If you have any questions on Jerry, you can enter them into your screen.

No questions at this time. Proposal 2 is to ratify the appointment of Marcum LLP as Lazydays Holdings' independent registered public accounting firm for the fiscal year ending December 31, 2020. Monte Singh, a representative of Marcum LLP has joined us telephonically today and is available to answer any appropriate questions you may have. If you have any questions for Monte, please enter them on your screen. Is there any discussion or questions for Monte?

Okay. We don't see any questions for Monte. So at this time, if anyone wishes to vote on the proposal before the annual meeting, please vote at this time. We're going to pause for 1 minute to allow final voting before closing the poll. [Voting]

Debbie, do you have the preliminary voting results? And are you ready to give us your report?

Yes. I do have the preliminary results. The results for Proposal 1, Jerry Comstock has received a plurality of the votes cast and accordingly, has been elected as a director to serve until the 2023 Annual Meeting of Stockholders or until his successor shall have been duly elected and qualified. The results for Proposal 2, a majority of the stock represented and entitled to vote at the meeting, have ratified the appointment of Marcum LLP as the independent registered public accounting firm of the company for the fiscal year ending December 31, 2020.

Ladies and gentlemen, that concludes the formal business of the 2020 Annual Meeting of Stockholders of the company. We will now adjourn the 2020 Annual Meeting. You may have -- some of you may have noticed, we put out an update this morning regarding our Q2 performance, given the strength in our business. We will not be making any additional comments regarding today's release or taking any questions at this time. We will hold our normally scheduled earnings conference call after the second quarter ends. Thank you, everyone, for joining us today. This concludes our meeting and our call.