Sachem Capital Corp. (SACH) Earnings Call Transcript & Summary

Hello, and welcome to the Annual Meeting of Shareholders of Sachem Capital Corp., which commenced on October 13, 2021, and was adjourned until today with respect to proposal #2. Please note that today's meeting is being recorded. It is now my pleasure to turn today's meeting over to John Villano, President, Chief Executive Officer, Chief Financial Officer and the Chairman of the Board of Sachem Capital Corp. Mr. Villano, the floor is yours.

Good morning, ladies and gentlemen. I am John Villano, President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Sachem Capital Corp. I welcome you to the resumption of our 2021 Annual Meeting of Shareholders. Today's virtual-only meeting is a live audio webcast. The inspector of elections has advised that in excess of 50% of the eligible votes are present in person or by proxy. A quorum is therefore present. And the meeting can now proceed to consider proposal #2, the approval of a charter amendment to increase the number of authorized common and preferred shares of the company, which requires the affirmative votes of more than 50% of the common shares eligible to vote at this meeting or 14,157,966 common shares. The company would like more time to solicit shareholders who have not yet voted on this proposal. Therefore, I hereby make a motion to adjourn the vote on this proposal to November 24, 2021, at 10:00 a.m.

Motion seconded.

Ladies and gentlemen, I hereby announce that the motion to adjourn the vote on proposal 2 to amend the company's charter to increase its authorized capital passed.

Thank you, Ms. Stanley. Thank you all for your attendance today. We look forward to your attendance on November 24, 2021, at 10:00 a.m. to vote on the charter amendment. I hope everyone stays safe.

This concludes the meeting. You may now disconnect.