TELA Bio, Inc. (TELA) Earnings Call Transcript & Summary

Greetings. Welcome to the 2023 Annual Meeting of Stockholders of TELA Bio Inc. [Operator Instructions]. If you would like to ask a question during this presentation, please click on the ask question box on the left side of your screen, type in your question and hit submit. Please note this conference is being recorded. I will now turn the conference over to your host, Doug Evans, Chairman of the Board of Directors of TELA Bio. Doug, please go ahead.

Hello, ladies and gentlemen. I would like to officially call the meeting to order, and welcome all of you to the 2023 Annual Meeting of Stockholders of TELA Bio Inc. I'm Doug Evans, Director and Chairman of Board of Directors of the company, and I will be presiding at this meeting. This year, we are again holding our annual meeting in an all virtual format. We believe this format enables maximum stockholder participation by offering our stockholders the same opportunities to participate as would be available in an in-person meeting as well as increased accessibility. We appreciate your participation today. Before proceeding to the business of the meeting, I would like to introduce our directors and members of management. In addition to myself, the following members of the Board of Directors are present. Kurt Azarbarzin, Vince Burgess, Chair of the Compensation Committee; Lisa Colleran; Chair of the Nominating and Corporate Governance Committee; John Nosenzo, Federica O'Brien, Chair of the Audit Committee; and Antony Koblish. Further, the following executive officers of the company are also President; Anthony Koblish, President and Chief Executive Officer; Roberto Cuca, Chief Operating Officer and Chief Financial Officer; Peter Murphy, our Chief Commercial Officer; and Paul Talmo, Chief Strategic Officer. We will conduct the business of our annual meeting first and upon adjournment, members of management will be available to answer questions. Also present today is Ryan McCullough from KPMG LLP, the company's independent registered public accounting firm. During the question-and-answer period at the end of the meeting, he will be available to answer questions concerning the company's financial statements. Now in accordance with the company's second amended and restated bylaws and the direction of the Board, I hereby appoint Roberto Cuca to serve as independent inspector of election of this annual meeting. The agenda for the meeting and the list of rules of conduct for the meeting are available online through the virtual meeting portal and conduct an orderly meeting, we ask that you abide by these rules. As stated in the rules of conduct, stockholders who desire to ask a question or speak during the meeting must do so through the online portal. When you use the Ask a Question button on the virtual portal, please identify yourself, your status as a stockholder or representative of the stockholder and state your point or ask your question. As stated in the rules of conduct, we ask that you restrict your questions to the item of the agenda that is before us. Thank you for your cooperation with these rules. This meeting is held pursuant to a Notice of Annual Meeting of Stockholders, furnished to our stockholders on or about April 17, 2023. All stockholders of record at the close of business on April 5, 2023, are entitled to vote at the annual meeting. A list of holders of common stock and tube about this meeting is available online through the virtual meeting portal. You may vote online by using the Vote My Shares button on the left side of the virtual meeting platform. Please note that all votes submitted electronically must be received by the close of polls at the end of the meeting. All documents concerning the annual meeting, along with notice of this meeting are available through the virtual meeting portal and will be filed with the records of the meeting. The Inspector of Election has examined the proxies received and reports that holders of a majority in voting power of all outstanding shares of common stock entitled to vote at the meeting are present or represented by proxy. Therefore, I declare a quorum present. On behalf of the Board of Directors, I'd like to express my appreciation to all stockholders who return their proxies. Since April 5, 2023, was fixed by the Board of Directors as a record date for the purpose of determining the stockholders entitled to vote at this meeting, only stockholders whose names appeared on the certified list of stockholders as of that date are entitled to vote at the meeting. According to the certified list of stockholders, there are 19,227,777 shares of common stock outstanding, and each stockholder is entitled to 1 vote per share. The first matter to be acted upon by the stockholders is proposal 1, election of Class I directors, each to serve a 3-year term until the 2026 Annual Meeting of Stockholders and until their successors, if any, are elected or appointed or their earlier death, resignation, retirement, disqualification or removal. The Board has nominated Doug Evans and Lisa Colleran to serve as Class I directors. Proposal 2 is for the ratification of the selection of KPMG LLP as the company's independent registered public accounting firm for the 2023 fiscal year. The online system will remain open for another several minutes. If you previously voted by proxy, you may -- you do not need to vote today unless you would like to change your vote. [Voting]

We now have all of the votes and proxies. I hereby declare the polls closed. The Inspector of Election will count the votes. A preliminary report of the inspector of election reflects that a plurality of eligible votes cast have been voted for election of each nominee for Class I Director and a majority of eligible votes cast have been voted for the ratification of the selection of KPMG LLP as the company's independent registered public accounting firm for the 2023 fiscal year. Thank you all for your support. We report the final results of this meeting in an upcoming current report on Form 8-K. I want to thank you for attending today's meeting. The meeting is now adjourned. We'll now have a brief question-and-answer period. Does not look like we have any questions today. So I would like to thank everyone for joining us today at TELA Bio's 2023 Annual Meeting of Stockholders. Please enjoy the rest of your day.

This concludes today's conference, and you may disconnect at this time. Thank you for your participation.