Neo Performance Materials Inc. (NEO) Earnings Call Transcript & Summary

Good afternoon, ladies and gentlemen, and welcome to the Neo Performance Materials Inc. Annual General and Special Meeting of Shareholders Conference Call. [Operator Instructions] This call is being recorded on Wednesday, June 26, 2025. I would now like to turn the conference over to Claire Kennedy. Thank you. Please go ahead.

Thank you so much, operator. Ladies and gentlemen, my name is Claire Kennedy, and as Chair of Neo Performance Materials, I welcome you to this Annual General Meeting of Shareholders. I ask Ms. Murray to act as Secretary of the meeting and Shirley Tom of Computershare Trust Company of Canada to act as scrutineer. I have been advised by the scrutineer that prior to this meeting, proxies were received from the holders of more than 25.6 million common shares or 61.2% of all shares entitled to be voted. And as a result, we have a quorum for this meeting, and the meeting is properly constituted for the transaction of business. In view of the need to attend to a number of formal corporate matters, certain shareholders who are members of management have volunteered to move and second resolutions where required. I am tabling a copy of the 2024 audited financial statements. Copies of the financial statements can be accessed online from the corporation's website and on SEDAR. We will now turn to the election of directors. Seven directors are to be elected and 7 nominees are named in the information circular for this meeting. I invite the secretary to now read their names.

The names of the nominees are Edgar Lee, Eric Noyrez, Rahim Suleman, G. Gail Edwards, Hua Du, Jonathan Evans and Paul Mascarenas.

Thank you. May I have nominations, please?

My name is Jonathan Baksh, and I'm a shareholder. I nominate the 7 persons whose names have been read to this meeting by the Secretary for election as directors of the company to serve until the Annual Meeting of Shareholders to be held in 2026.

Thank you. I declare the nominations closed. May I have a motion in favor of the individual election of each of the persons nominated?

I move that each of the persons nominated be elected individually as directors of the corporation until the conclusion of the next Annual Meeting of Shareholders or until his or her successor is duly elected or appointed or he or she otherwise ceases to hold office.

I invite a seconder for the motion?

I second the motion.

The meeting will now vote on the election of directors. I propose to take a vote by way of show of hands. Will those in favor of the election of directors, please signify by raising your hands? Yes. Thank you. And so I ask for show of hands, please. Thank you. That motion -- I apologize, but this is -- do you want to -- I see. Okay. I apologize. Let me proceed in order then. In favor of Edgar Lee? Any withheld? Seeing none. In favor of Eric Noyrez? Any withheld? Seeing none. In favor of Rahim Suleman? Any withheld? Seeing none. In favor of Gail Edwards? Any withheld? Seeing none. In favor of Hua Du? Any withheld? Seeing none. In favor of Jonathan Evans? Any withheld? Seeing none. In favor of Paul Mascarenas? Any withheld? Seeing none. Those directors are, therefore, duly elected. The next item on the agenda is the appointment of auditors of the company, and I will now entertain a motion in this regard.

I move at KPMG chartered accountants be appointed auditors of the company to serve until the Annual Meeting of Shareholders to be held in the year 2026 at a remuneration to be approved by the Board of Directors of the company.

Is there a seconder?

I second the motion.

Thank you. A motion has been made and seconded to appoint KPMG LLP as company's auditors. The meeting will now vote on the motion. Based on the proxies received in favor of management, if a ballot vote were conducted on this matter, fewer than 5% of the votes eligible to be cast at this meeting will be withheld from voting on motion. Therefore, I propose to take the vote by way of a show of hands. For those in favor of the motion, please signify by raising your hands? Do we have any opposed? Seeing none, the motion is carried. I declare that KPMG LLP have been appointed auditors of the company in accordance with the motion. Now as all formal business has concluded, is appropriate to terminate the meeting and may I have a motion to terminate this meeting?

I move that the meeting be terminated.

Thank you. And a seconder?

I second the motion.

Thank you. A motion has been received and seconded to terminate the meeting. I put the motion to the meeting. All in favor? And to the contrary? The formal portion of this meeting is, therefore, now concluded. Thank you for attending, and I invite the secretary to close the line, please.

Operator, you can close the line.

Thank you. And this concludes today's call. Thank you for participating. You may all disconnect.