Remark Holdings, Inc. (MARK) Earnings Call Transcript & Summary

Hello, and welcome to the special meeting of Stockholders of Remark Holdings, Inc. Please note that today's meeting is being recorded. It is now my pleasure to turn today's meeting over to Brian Harvey, Senior Vice President of Capital Markets and Investor Relations of Remark Holdings, Inc. Mr. Harvey, the floor is yours.

Thank you, and good morning, everybody. I'm Brian Harvey, Senior Vice President of Capital Markets and Investor Relations for Remark Holdings. Welcome to the company's special meeting of stockholders. On the call with me today is Remark's Chairman and Chief Executive Officer, Kai-Shing Tao. We will conduct formal business of the meeting and vote on the matters presented in the notice of special meeting of stockholders. There is a list before this meeting, a list of stockholders entitled to vote at this meeting, furnished by Computershare, the company's transfer agent. The list will be available for inspection throughout this meeting. There is also before this meeting, a copy of the notice of special meeting of stockholders and proxy statement mailed on or about September 10, 2020, to each stockholder of record at the close of business on April 6, 2021, the record date for determining stockholders entitled to vote at the special meeting, together with an affidavit of due mailing of such notice. Stockholders at the close of business on August 30, 2020, and January 7, 2021, which were prior record dates established by the Board for determining stockholders entitled to vote at the special meeting, also receive the notice of special meeting and proxy statement and are entitled to vote. The affidavit and notice will be appended to the minutes of this meeting together with a copy of the proxy statement. Lee Meyer of Computershare has been appointed as inspector of election at this meeting. Mr. Meyer is neither a director nor employee of the company. Mr. Meyer's Oath as inspector of election, has been submitted to this meeting and will be appended to the minutes. The inspector of election has pulled the stockholders present in person and has examined the proxies received to date. Mr. Meyer's report of stockholders represented at this meeting has been submitted and it indicates that holders of shares in excess of the number necessary to constitute a quorum are present in person or are represented by proxy. This report will be available for inspection throughout this meeting and will be appended to the minutes of the meeting. Having reported that a quorum is present for the transaction of business, I declare that the special meeting of stockholders of Remark Holdings, Inc. is duly and legally convened. As indicated in the notice of special meeting of stockholders, we are scheduled to conduct 1 item of business at this meeting, a vote to approve an amendment to our amended and restated certificate of incorporation to increase the number of authorized shares of our common stock to $175 million. The Board of Directors has recommended a vote for approving the increase to the number of authorized shares of our common stock to $175 million. I now declare the polls open for voting. 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 their vote need not take any further action. [ Voting ] The online voting will now be closed. Based on the preliminary review of the votes cast, the inspector of election has informed me that all votes are in. Now the inspector of election will tabulate the vote and submit a report in writing to me. The inspector of election has submitted the report. The report indicates that the stockholders have duly approved the proposal to approve an amendment to our amended and restated certificate of incorporation to increase the number of authorized shares of our common stock to $175 million. There being no further business to come before this meeting and in the absence of any objection, I declare the formal portion of this meeting adjourned. Thank you all for participating in today's special meeting of stockholders. Have a great afternoon.

This concludes the meeting. You may now disconnect.