LiveRamp Holdings, Inc. (RAMP) Earnings Call Transcript & Summary

Good afternoon, and welcome to the LiveRamp 2020 Annual Meeting of Stockholders. I would now like to turn the conference over to Clark Kokich. Please go ahead.

Good morning, and welcome to LiveRamp's 2020 Annual Stockholders Meeting. I'm Clark Kokich, Board Chair of LiveRamp, and I'll be presiding over the meeting. First, I'd like to welcome LiveRamp's directors, officers and employees who are attending the meeting today. Also, representatives of our independent auditor, KPMG, are on the call and will be available to address any questions you may have. If you have questions during the meeting, please submit them through the Q&A section of the virtual meeting website, and we will address as many of them as possible at the end of the meeting. I'll call the meeting to order now and ask Catherine Hughes, our Corporate Secretary, to record the minutes. I have in hand Catherine's affidavit the beginning on June 26, 2020, written notice of this meeting was given to all stockholders of record as of June 15, 2020. Our inspector of election is Kathy Blackwell, a representative of Broadridge Shareholder Services. Welcome, Kathy, and thank you for being here.

Thank you, Mr. Chairman.

The polls are still open. If any of you need to vote, please take the opportunity now to submit your vote online. You'll need to have your proxy control number handy. If you've already voted, you don't need to vote again today unless you want to change your vote. To allow everybody who needs to vote a few extra moments to do so, I'll ask Kathy report on the quorum while we wait.

Mr. Chairman, there are present, virtually or by proxy, holders of at least 61,391,635 shares or 93.58% of the shares outstanding on the record date.

Thank you, Kathy. We have a quorum. The polls are now closed and will proceed with announcing the voting results for each of the agenda items listed in the proxy statement. The first item on the ballot is the election of 3 directors. The nominees are current Board directors: Vivian Chow; Tim Cadogan; and Scott Howe. Kathy, please report on the vote.

Each of the nominees for director has received the affirmative vote of over 98% of votes cast at the meeting.

Thank you. The slate is approved. The second item on the ballot is a nonbinding resolution to approve the compensation of the company's executive officers named in the proxy statement. Kathy, would you please announce the vote tally?

The resolution to approve the compensation of the company's named executive officers received the affirmative vote of over 80% of votes cast on the proposal.

Thank you. The nonbinding proposal is approved. The last item on the ballot is the ratification of KPMG as the company's auditor for fiscal 2021. Kathy, what are the results?

The ratification of KPMG received the affirmative vote of over 99% of votes cast on the proposal.

Thank you very much. The proposal passes. That concludes all of the official business of the annual meeting. Do I have a motion for adjournment?

So moved.

Is there a second?

I second the motion.

We are now formally adjourned and have time for a few questions. For those of you who would like to submit a question, please go ahead, send it in now if you haven't already. I'll ask LiveRamp's Head of Communication, Laurel Dillard, to address any questions that have been sent in.

Thank you, Clark. There are no questions that have been submitted.

All right. Then this concludes the meeting. Thank you for investing in LiveRamp and for your attendance. Have a great day, everyone, and stay safe.

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