Snap Inc. (SNAP) Earnings Call Transcript & Summary

Good afternoon, everyone, and welcome to Snap Inc.'s 2021 Annual Stockholders' Meeting. Atul Porwal, you may begin.

Good afternoon. My name is Atul Porwal, and I'm Senior Associate General Counsel of Snap Inc. I'm very happy to welcome you to the Snap Inc.'s 2021 Annual Stockholders' Meeting. We've invited members of our Board and management team who are joining us on our call today. We've also invited holders of our Class A common stock to participate in today's meeting. We have approximately 231,626,943 shares of our Class B common stock present for today's meeting, representing over 99% of the voting power of our capital stock. The meeting will now officially come to order. We'll proceed with the business of the meeting as set forth in the information statement we filed with the SEC on June 30, 2021. The only item on today's agenda is to present the results of an action by written consent of certain of our stockholders. Today, the holders of an aggregate of 231,626,943 shares of our Class B common stock, representing over 99% of the building power of our capital stock, acted by written consent to elect the following 11 individuals to our Board of Directors: Evan Spiegel, Robert Murphy, Michael Lynton, Kelly Coffey, Joanna Coles, Liz Jenkins, A.G. Lafley, Stanley Meresman, Scott Miller, Poppy Thorpe and Fidel Vargas. Each of these individuals will serve until the 2022 Annual Meeting of Stockholders and until his or her successor is elected or sooner until the director's death, resignation or removal. Additionally, pursuant to this action by written consent, the holders ratified the selection by the Audit Committee of our Board of Directors of Ernst & Young LLP as our independent registered accounting firm for the fiscal year ending December 31, 2021. We expect to report the results of this stockholder written consent in a filing with the SEC within 4 business days. There's no other business pending before the stockholders. I will now officially adjourn today's meeting. As a reminder, we will be discussing our second quarter 2021 earnings results on Thursday, July 22, at 2 p.m. Pacific. We invite all stockholders to listen into that discussion via the link on our Investor Relations website. We did not receive any questions from our stockholders for the annual meeting. So this concludes today's meeting. Thank you for joining us today.

This concludes Snap Inc.'s 2021 Annual Stockholders' Meeting. Thank you for attending today's session. You may now disconnect.