Resideo Technologies, Inc. (REZI) Earnings Call Transcript & Summary

Good day, and welcome to the Resideo Annual Meeting of Stockholders. I would now like to turn the conference over to Jeannine Lane. Please go ahead.

Good afternoon. I'm Jeannine Lane, Corporate Secretary of Resideo. Welcome to our 2020 Annual Meeting of Shareholders, which is being held virtually by webcast. Before we get started, I would like to note that some part of today's presentation contains forward-looking statements. Statements other than historical facts made during this meeting may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Resideo's filings with the Securities and Exchange Commission. The company assumes no obligation to update any such forward-looking statements. It's my pleasure to introduce the Chairman of Resideo's Board of Directors, Roger Fradin.

Thanks, Jeannine, and thanks to everyone joining this virtual shareholder meeting. I hope you and your families and loved ones are doing well and staying safe. I will act as Chairman of the Annual Meeting, and I'm now calling the meeting to order. We will answer questions electronically submitted by shareholders about the matters on the agenda and any other questions if time permits. We may group the questions by topic and if a question is not of general concern to all shareholders or if a question posed is not otherwise answered during the meeting, you may contact Resideo Investor Relations at [email protected]. I've been advised that the Inspector of Election is certified that a quorum is present. The meeting agenda and our rules of conduct and procedures for the meeting have been posted to our virtual meeting website. We appreciate the cooperation and the adhering to the requirements under our goals of conduct and procedures. The business for this meeting consists of 4 proposals described in the company's proxy statement. Our first order of business is the election of 3 Class II directors: Cynthia Hostetler, Brian Kushner and Jack Lazar to serve until the 2022 Annual Meeting of Shareholders and until his or her successor is duly elected and qualified by the Board of -- has been duly elected and qualified. The Board of Directors has recommended a vote for each of the 3 nominees. Proposals 2, 3 and 4 are as follows: Proposal #2 is the advisory vote to approve executive compensation. Proposal #3 is the ratification of the appointment of independent registered public accounting firm. And Proposal 4 is the approval of the Resideo employee stock purchase plan. The Board of Directors has recommended a vote for each of these proposals. The polls are now open for voting on all items. If you've already submitted a proxy, you do not need to vote again. If you would like to vote now during the annual meeting, you may click on the vote here link at the bottom of our virtual meeting website and follow the instructions to cast your vote. Jeannine, do we have any questions from shareholders on these proposals?

Roger, we have not received any questions.

Thanks, Jeannine. I now declare the polls closed on all items of business. Based on these preliminary results, I am now able to announce that each director nominee has been elected, and each of the proposals has been approved. The final results -- voting results will be available on a Form 8-K filed with the SEC and on our website when it is available. Jeannine, do we have any questions from shareholders appropriate for the meeting at this time?

Roger, we have not received any questions to address at this time. Thank you.

Thanks, Jeannine. And again, thank you to all shareholders who participated today. If there are any outstanding questions or topics that were not answered, please contact Resideo Investor Relations at [email protected]. Thank you, and this concludes today's event.