Park Aerospace Corp. (PKE) Earnings Call Transcript & Summary

Hello and welcome to the Annual Meeting of Shareholders of Park Aerospace Corp. Please note that today's meeting is being recorded. It is now my pleasure to turn today's meeting over to Mr. Brian Shore, Chief Executive Officer and Chairman of Park Aerospace. Mr. Shore, the floor is now yours.

Thank you, operator. Good morning all. This is Brian Shore. As the operator told you, I'm the CEO and Chairman of the Board. Mark, welcome to our 6 virtual annual is probably our I don't know, by 46 Annual Meeting, but 6 virtual and media shareholders of Park Aerospace Corp. We hope this virtual meeting will maximize our participation of shareholders regarding regardless of their location. Gus Petropoulos, our Senior Vice President, Chief Legal and Capital Markets Officer will act as secretary of the meeting, and he'll help us through the process. So go ahead, Gus.

Thanks Brian. The 3 items of business on the agenda for this meeting are: one, the election of 6 directors to serve until the next Annual Meeting of Shareholders and until their successors are elected and qualified subject to earlier resignation, retirement or other termination of service; two, the approval on an advisory nonbinding basis of the compensation of the named executive officers; and three, the ratification of the appointment of CohnReznick LLP as the company's independent registered public accounting firm for the fiscal year ending February 28, 2027. The -- the Board recommends that you vote for each nominee for director and for the other 2 proposals. The notice of this meeting was mailed on or about June 22, 2026, and to all shareholders of record on June 1, 2026, and we have an affidavit to that effect from Computershare, our transfer agent. The certified list of shareholders of record entitled to vote at this meeting is available for you to access via link at the bottom of the screen. These materials will all be filed in the corporate records. Martina Barkochva and I have been appointed as inspectors and election, and we have executed our Oaks office. Since the majority of the outstanding shares of common stock of the company is present in proxy or in person. We have a quorum, and the meeting is now legally convened. The time is now 11:03 a.m., and the polls for all proposals are now open. If you have not voted or wish to change your vote, you may do so now by clicking on the link provided online. Any shareholder who has already voted and does not want to change his or her vote may not take any further action. The polls will close promptly after the presentation of the third and final agenda proposal. If you have a question about 1 of the matters in the agenda to be voted on by the shareholders at this meeting, please submit your question by clicking on the message icon provided online at or before the time the matter is before the meeting for consideration. Holders of record of common stock at the close of business on June 1, 2026, the record date for the annual meeting are entitled to cast 1 vote per share for each matter. There is no cumulative voting Directors are elected by a majority of the votes cast at this meeting or by proxy. All other matters require the approval of the majority of the votes cast. Proposal 1. The election of 6 directors is now in order. Following persons have been nominated to serve as directors until the next Annual Meeting of Shareholders and until their successors are elected and qualified. Emily Grow Sevan Julian, Brian E. Shore, Carl W. Smith, Bradley threats and Stephen T. Warshaw. Information concerning the nominees is set forth in the proxy statement, and their names are deemed duly placed in nomination. Any other nominations were required to have been submitted in accordance with the company's bylaws. No such nominations were submitted and accordingly, nominations are closed. Proposal 2, the approval of the advisory nonbinding resolution approving the compensation of the named executive officers is now in order. The Compensation Committee of the Board of Directors of the company approved the compensation of the named executive officers set forth in the proxy statement, and the Board of Directors has recommended that the shareholders approve the following resolution. Resolved, that the shareholders approved the compensation of the named executive officers as disclosed in this proxy statement pursuant to Item 402 of Regulation S-K of the Securities and Exchange Commission, including the compensation, discussion and analysis, the compensation tables and other narrative executive compensation disclosures Information considering this resolution is set forth in the proxy statement. Proposal 3. The ratification of the appointment of CohnReznick LLP as the company's independent registered public accounting firm for the fiscal year ending February 28, 2027, is now in order. The Audit Committee and the Board of Directors has appointed CohnReznick LLP as the company's independent registered public accounting firm for the current fiscal year which ends February 28, 2027. Information concerning the ratification of this appointment is set forth in the proxy statement. If you have any questions that relate specifically to the 3 proposals presented and have not already submitted them, you should submit them now by clicking on the dialogue icon in the upper right-hand corner of your screen. The polls will be closed in a moment following questions and answers on the proposals. We'll wait a minute or so for questions. [Voting]

Seeing no questions submitted, the polls are now closed. The inspectors have determined that the preliminary voting results show that each of the nominees for election as a director has received a majority of the votes cast online at the meeting or by proxy, that the proposal to approve an advisory resolution approving the compensation of the named executive officers and the proposal to ratify the appointment of CohnReznick LLP as the company's independent registered public accounting firm has each received the affirmative vote of the holders of a majority of the votes cast online at the meeting or by proxy. Accordingly, the persons nominated have been elected as directors to serve until the next annual meeting of the shareholders and until their successors are elected and qualified. The proposal to approve the compensation of the named executive officers has been approved and the proposal to ratify the appointment of CohnReznick LLP as the company's independent registered public accounting firm for the fiscal year ending February 28, 2027, has also been approved. Final vote tallies will be reported in the Form 8-K filing with the SEC within 4 business days. The formal business of this meeting having been completed, I declare this meeting adjourned. Brian?

Thank you very much, Gus. And thank you, ladies and gentlemen and others for attending our annual meeting. Nice to have you aboard. And you have a nice summer. We'll talk to you soon. Thank you. Goodbye.

This concludes the meeting. You may now disconnect.