MicroVision, Inc. (MVIS) Earnings Call Transcript & Summary

Good morning and welcome to the Special Shareholder Meeting of MicroVision, Inc. I am Brian Turner, Board Chair, and I'll Chair this meeting. Thank you for joining us this morning to vote on 2 company proposals described in our proxy notice. We will not be providing a business update or presentation today and will not be taking questions. The company continues to explore strategic options and will provide an update and answer questions on its next earnings call that we expect will be toward the end of October. Our meeting today is a virtual shareholder meeting, which allows shareholders to attend and vote via the web portal. Validated shareholders as of August 14 record date may vote using the 16-digit proxy control number found on your proxy notice. In keeping with the digital approach to this meeting, it is now shortly after 9:00 a.m. Pacific time on October 8, and this meeting is officially called to order. The agenda for the meeting today is voting on 2 company proposals described in our proxy notice. We will conduct this meeting with voting first, followed by a report of the voting, then the meeting will be adjourned. Now I'd like to introduce David Westgor, our Corporate Secretary. David will establish that the meeting has been duly called and that a quorum is present. David?

Thank you, Brian. This meeting is being held pursuant to the printed notice mailed beginning on August 25, 2020, to each shareholder of record at the close of business on August 14, 2020. That's the record date fixed by the Board to determine shareholders entitled to vote at this meeting. A copy of the notice has been placed in the corporate minute book. Holders of more than 1/3 of the shares of the company's common stock outstanding on the record date are present via the web or by proxy. Therefore, a quorum is present for the purposes of transacting business. I will also serve as the inspector of elections for this meeting. Brian?

Since notice was properly given and a quorum is present, I declare the meeting is formally opened. Only validated shareholders as of the August 14 record date may vote. You will need the 16-digit proxy control number found on your proxy notice to vote. Please note that this meeting is being recorded. However, no one attending via the webcast or telephone is permitted to use any audio recording device. We will consider and vote on the matters as stated in the proxy notice. Proposal 1. I move to vote on the first proposal of the agenda to approve an amendment to the Amended and Restated Certificate of Incorporation to amend the total number of shares of the company's authorized common stock. Proposal 2. I move to vote on the second proposal on the agenda to approve the adjournment of the special meeting, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the special meeting to approve proposal 1. It is now 9:03 Pacific Time on October 8, 2020, and the polls are now open. Any shareholder, 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. You will need your 16-digit proxy control number from your proxy notice to be able to vote. Shareholders, 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 at this time. We will now pause for a couple minutes to allow people to vote. [Voting]

Thank you. I declare the polls for this special meeting of shareholders closed at 9:06 a.m. Pacific Time on October 8, 2020. Inspector of elections, do we have the preliminary voting results?

We do. Proposal 1, the amendment to the Amended and Restated Certificate of Incorporation to amend the total number of shares of the company's authorized common stock is approved. Proposal 2, to approve the adjournment of the special meeting, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the special meeting to approve proposal 1 is also approved. I note that it will not be necessary to adjourn this meeting to solicit additional proxies. We will be reporting the final vote results in a Form 8-K following confirmation of the votes entered at the meeting today.

Thank you. There being no further business, this Special Meeting of Shareholders of MicroVision, Inc. is adjourned. I would like to express my sincere appreciation to the shareholders who attended today as well as who submitted their proxies for not able to be present in person. I look forward to talking to you all on the next earnings call. Thank you for all your continued support of MicroVision. Good day.