SPS Commerce, Inc. (SPSC) Earnings Call Transcript & Summary

Welcome to the SPS Commerce, Inc. Annual Meeting of Stockholders. Please note that today's meeting is being recorded. However, participants are not permitted to use any recording device. If you encounter any technical difficulties with today's virtual meeting, please call the technical support number posted on the meeting log-in page.

Good morning, ladies and gentlemen. Thank you for joining the meeting. I am Archie Black, Chief Executive Officer and a Director of SPS Commerce. And it is my pleasure to welcome all of you to the 2021 SPS Commerce Annual Meeting. Similar to last year, due to the COVID-19 pandemic and public health concerns, we decided to use remote technology to host today's meeting in the interest of safety. Thank you for your flexibility, and thank you for joining us today. If you encounter any difficulties during today's meeting, please call the technical support number posted on the meeting log-in page. At the request of our Chairman, I call this meeting to order and announce that the polls are now open. First, I would like to note that our other directors are in attendance today, along with our other executive officers. Jon Zimmerman of Faegre Drinker, our legal counsel, is attending the meeting and is serving as an Inspector of Election. Also present today is Kevin Slama with KPMG, our independent auditor. Today's meeting's agenda is straightforward. I will address certain procedural matters, outline the matters being voted on and announce the results of the vote, conclude the formal portion of the meeting and answer any questions. Most stockholders have already voted by proxy, and the proxy votes have been tallied. You may also vote during the meeting, which you should do so at this time by pressing the Vote button. If you have already voted by proxy, you do not need to vote during the meeting or take any other action at this time. Stockholders may submit questions electronically during the meeting by following the directions on the website. A valid quorum is present. There are 3 items to be considered today. First is the election of 7 directors, each to serve until the election of directors at the 2022 annual meeting of stockholders. The nominees were set forth in the proxy statement. The second item is the ratification of the selection of KPMG LLP as the company's independent auditor for the current fiscal year ending December 31, 2021. The third item is an advisory vote on the company's compensation of its named executive officers, often referred to as Say-on-Pay vote. Information regarding the company's executive compensation plans and payments are disclosed in detail in the proxy statement for this meeting. I will now close the polls. I am pleased to announce the approval of the election of the 7 Director nominees, the ratification of the appointment of KPMG and the compensation paid to the company's named executive officers on an advisory basis. The exact totals will be certified by the inspector of election and incorporated in the minutes of today's meeting. Thank you for your participation. This concludes the formal portion of today's meeting. Thank you for joining our meeting today.