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 17, 2026. And I would now like to turn the conference over to Mr. Edgar Lee. Thank you. Please go ahead.

Thank you. Ladies and gentlemen, my name is Edgar Lee, and as Chair of Neo Performance Materials Inc., I welcome you to this Annual General and Special Meeting of Shareholders. The meeting will now come to order. I will chair the meeting and ask Karen Murray to act as Secretary. Shirley Tom of Computershare Trust Company of Canada, the company's transfer agent, has been appointed to act as scrutineer. Notice of the meeting, including the management information circular, was mailed to shareholders on or about May 19, 2026. To facilitate broad shareholder voting and engagement, I have determined as Chair of the meeting to extend the proxy voting cutoff deadline for all shareholders to 8:00 a.m. on June 17, 2026. Accordingly, valid proxies received before that extended deadline have been accepted and counted by the scrutineer. I have been advised by the scrutineer that prior to the meeting proxies were received from the holders of more than 25.4 million common shares or 60.6% of all shares entitled to be voted. 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 2025 audited financial statements. Copies of the financial statements can be accessed online from the company's website and on SEDAR+. We now turn to the election of directors. 6 directors are to be elected and 6 nominees are named in the information circular for this meeting. Based on the proxies received by the scrutineer in advance of the meeting, each director nominated received votes in favor from a range of at least 81% to over 99% of votes cast. The Secretary will now read the names of the nominees.

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

May I have nominations, please?

My name is Jonathan Baksh, and I'm a shareholder. I nominate the 6 persons whose names have been read to this meeting by the Secretary for election as directors of the company to serve until the next Annual Meeting of Shareholders to be held in 2027.

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 company 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 second the motion.

The meeting will now vote on the election of directors. I propose to take the votes by way of show of hands. Will those in favor of the election of directors, please signify by raising your hands after his or her name is called. In favor of Edgar Lee. [Voting]

Those withheld, if any? [Voting]

In favor of Rahim Suleman. [Voting]

Those withheld, if any. [Voting]

In favor of G. Gail Edwards. [Voting]

Those withheld, if any. [Voting]

In favor of Hua Du. [Voting]

Those withheld, if any. [Voting]

In favor of Jonathan Evans. [Voting]

Those withheld, if any. [Voting]

In favor of Paul Mascarenas. [Voting]

Those withheld, if any. [Voting]

The next item on the agenda is the reappointment of the auditors of the company. I will now entertain a motion in this regard.

I move that KPMG LLP, chartered accountants, be reappointed auditors of the company to hold office until the next Annual Meeting of Shareholders at a remuneration to be approved by Board of Directors of the company.

Is there a seconder?

I second the motion.

A motion has been made and seconded to reappoint KPMG LLP as the company's auditors. The meeting will now vote on the motion based on proxies received in favor of management. If a ballot vote were conducted on this matter, less than 5% of the votes eligible to be cast at this meeting would be withheld from voting on the motion. Therefore, I propose to take the vote by way of a show of hands. Will those in favor of the motion, please signify by raising your hands. [Voting]

Those opposed. [Voting]

The motion is carried. I declare that KPMG LLP have been reappointed as auditors of the company in accordance with the motion. The next item on the agenda is the approval, ratification and confirmation of amendments to the company's Omnibus Long-Term Incentive Plan. A copy of the resolution approving, ratifying and confirming the amendments to the company's Omnibus Long-Term Incentive Plan is set out in the information circular dated May 13, 2026. I will now entertain a motion in this regard.

I move that the resolution approving, ratifying and confirming the amendments to the company's Omnibus Long-Term Incentive Plan as set out in the information circular be approved.

Is there a seconder?

I second the motion.

A motion has been made and seconded to approve, ratify and confirm the amendments to the company's Omnibus Long-Term Incentive Plan. In order to be passed, this resolution must be approved by a majority of the votes cast by shareholders present or represented by proxy at the meeting. The meeting will now vote on the motion. Based on proxies received in favor of management, if a ballot vote were conducted on this matter, less than 5% of votes eligible to be cast at this meeting would be voted against the motion. Therefore, I propose to take a vote by way of a show of hands. Will those in favor of the motion, please signify by raising your hands. [Voting]

Those opposed. [Voting]

Motion carried. I declare that the resolution to approve, ratify and confirm the amendments to the Omnibus Long-Term Incentive Plan has been passed. The next item on the agenda is the ratification, confirmation and approval of the Company's Second Amended and Restated Shareholder Rights Plan. A copy of the resolution ratifying, reconfirming and approving the company's Shareholder Rights Plan is set out in the information circular dated May 13, 2026. I will now entertain a motion in this regard.

I move that the resolution ratifying, reconfirming and approving the company's shareholder rights plan as set out in the information circular be approved.

Is there a seconder?

I second the motion.

A motion has been made and seconded to ratify, reconfirm and approve the company's shareholder rights plan. The meeting will now vote on the motion. Based on proxies received in favor of management, if a ballot vote were conducted on this matter, less than 5% of the votes eligible to be cast at this meeting would be voted against the motion. Therefore, I propose to take the vote by way of a show of hands. Will those in favor of the motion, please signify by raising your hands. [Voting]

Those opposed. [Voting]

The motion is carried. I declare that the resolution to ratify, reconfirm and approve Shareholder Rights Plan has been passed. As all formal business has now concluded, it is appropriate to terminate the meeting now. May I have a motion to terminate this meeting?

I move that the meeting be terminated.

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? [Voting]

Contrary, if any. [Voting]

The formal portion of the meeting is now concluded. Thank you for attending. I will ask the Secretary to close the line.

Operator, you can close the line now.

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