The Trade Desk, Inc. (TTD) Earnings Call Transcript & Summary

Good day and welcome to The Trade Desk 2020 Annual Meeting of Stockholders. I would now like to turn the conference over to Founder, Chairman and CEO, Jeff Green. Please go ahead.

Hello, and welcome to The Trade Desk 2020 Annual Meeting of Stockholders. I'm Jeff Green, the Chairman of the Board of Directors, and I call this meeting to order. We have the following officers of the company in attendance: Blake Grayson, our CFO; Brian Stempeck, the Director and our Chief Strategy Officer; and Vivian Yang, our Chief Legal Officer, in addition to myself. Other members of our Board in attendance are Lise Buyer; Kate Falberg; Thomas Falk; Eric Paley, Gokul Rajaram; and David Wells. I would like to also introduce Robert Irving of PricewaterhouseCoopers LLC, our independent registered public accounting firm, for the 2019 fiscal year. We hold the formal part of the meeting first. Following the formal part, I will answer a few questions that have been submitted to the shareholder meeting link listed in our proxy. This meeting is being held to consider director nominations and ratification of our independent auditors described in the proxy statement previously delivered to you. Vivian Yang is our Chief Legal Officer and will serve as the secretary for this meeting. She has verified that this meeting has been called in compliance with the company's bylaws and Delaware law. The inspector of elections for this meeting is Jim Alden from the American Election Services, a representative of Broadridge. I have proof by affidavit that notice of this meeting was given and that the proxy materials commenced mailing on April 14, 2020, to all stockholders of record at the close of business on March 31, 2020. Stockholders of record as of March 31, 2020 are entitled to vote at this meeting. Vivian, do we have a quorum represented by proxy?

Yes, Jeff. Based on the proxies that have been delivered, the inspector of elections has advised me that a quorum is present at this meeting. The inspector of elections has now signed the Oath of Office. The affidavit of mailing and the oath of the inspector of elections will now be filed with the minutes of the meeting, and the meeting is duly constituted.

Great. Thanks, Vivian. So the meeting is duly constituted, and the polls are now open. We have 2 proposals on the ballot that will be voted on at this meeting: one, the election of the directors for both myself and Eric Paley; and two, to ratify the appointment of PwC LLC, or PricewaterhouseCoopers LLC, as our independent auditors. The Board of Directors recommends to the stockholders vote for both -- sorry, the Board of Directors recommends that the stockholders vote for both directors and for proposal 2. We will vote by ballot on the agenda items described in the proxy statement previously sent to you. Any stockholder who hasn't yet voted or wishes to change their vote, they do so now by clicking on the Vote Here button on the shareholder meeting link and following the instructions there. Stockholders who have sent in proxies or voted via telephone or internet and do not want to change their vote, do not need to take any further action. We will allow a few moments for shareholders who haven't voted to complete their voting now. [Voting]

I'd like to remind you that some of the statements made at this meeting may be considered forward looking and are subject to certain risks and uncertainties that are described in our filings with the SEC, including our most recent annual report on Form 10-K for the fiscal year ended December 31, 2019, and our quarterly report on Form 10-Q for the quarter ended March 31, 2020. The polls for each matter to be voted on at this meeting are now closed. No additional ballots, proxies or votes and no changes or revocations will be accepted. Vivian, will you report on the vote of the matters brought before this meeting?

Yes, Jeff. Based on preliminary results, the director nominees are both duly elected. Stockholders voted in favor of the appointment of PricewaterhouseCoopers LLC. We will be reporting final vote results on a Form 8-K to be filed within 4 business days of today's meeting.

Thank you. This concludes the formal portion of our 2020 Annual Stockholders Meeting. There being no further business, I declare the annual meeting of the stockholders is hereby concluded. We can now move to the question-and-answer section.

Thank you, Jeff. We had scheduled time to answer questions that were submitted to the stockholders' meeting link listed in the proxy. Being that there are no questions, this now concludes our 2020 annual meeting, and we thank you all for your participation.

Thanks, everyone, for your participation and for your support of shareholders.