TopBuild Corp. (BLD) Earnings Call Transcript & Summary

Good morning, ladies and gentlemen. The 2021 Annual Meeting of Shareholders of TopBuild Corp. is now called to order. I am Alec Covington, Chairman of the Board of Directors of TopBuild Corp., and I cordially welcome you to today's virtual meeting. I would like to take a moment now to introduce the other directors of the company who are also present virtually at this meeting. The directors are: Robert Buck, who is also President and CEO; Carl Camden, Joseph Cantie, Tina Donikowski, Mark Petrarca and Nancy Taylor. In addition to Robert Buck, I am also very pleased to introduce other executive officers of the company who are present virtually at this meeting as well. The executive officers are John Peterson, our Vice President and Chief Financial Officer; Luis Machado, our Vice President, General Counsel and Secretary; Jennifer Shoffner, our Vice President and Chief Human Resources Officer; and Robert Kuhns, our Vice President and Controller. And also present virtually today is Tabitha Zane, our Vice President of Investor Relations, who will moderate our Q&A session. Also representative from our independent registered public accounting firm, PricewaterhouseCoopers LLP is with us today, who will be available during our Q&A session. Also a representative from Broadridge Financial Solutions, Inc., our Inspector of Elections, is present virtually today to assist with this meeting. We have available at this meeting a list of the shareholders of record as of our March 4, 2021 record date, which is available for inspection. We remind you that the rules of conduct for this meeting are available to review on the website used to access this meeting. And of course, we intend to follow these rules during the meeting. Our Inspector of Elections has determined that a quorum is present for all matters to be voted on in today's virtual annual meeting, and the polls are now open. If you have already submitted a proxy or voted in the manner outlined in the proxy statement, we have already received your vote and there is no need to vote at this virtual meeting. Those stockholders who have not submitted proxies and who wish to vote virtually may do so by clicking the Vote My Shares tab on the website used to access this meeting and follow the instructions. After being has completed on all matters on the agenda, we will close the polls, and the Inspector of Election will provide the preliminary report. We have 3 matters that are properly before the meeting to be voted on today, which are: first of all, the election of Robert Buck, Alec Covington, Carl Camden, Joseph Cantie, Tina Donikowski, Mark Petrarca and Nancy Taylor as directors; second, the ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the 2021 year; and third, the approval on an advisory basis of the compensation of our named executive officers. As indicated in our proxy statement, our Board of Directors has recommended that our stockholders vote for each of the director nominees; for the ratification of the appointment of PricewaterhouseCoopers LLP as our independent auditor and for approval on an advisory basis of the compensation of the company's named executive officers. We will now briefly pause to enable anyone who would like to vote virtually to do so. [Voting]

We have been informed that there are no further votes pending, and the polls are now closed. The Inspector of Election has delivered a preliminary report, and I will now announce the preliminary results. Our shareholders have voted to elect each of the director nominees as directors; to ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the 2021 fiscal year; and also to approve on an advisory basis of the compensation of our named executive officers. We will file the final report of the Inspector of Election with the records of this meeting and report the results of the voting on a Form 8-K filed with the SEC. I'd like to thank you. And now that the business portion of the meeting has been concluded, and there being no more business to attend to before the meeting, I declare the meeting adjourned. Shareholders now have an opportunity to ask questions directed to the company's management, its auditor or to me. Please click the Ask Question tab on the website to submit questions and note that we will follow the rules of conduct in answering these questions. Before we answer any questions, let us remind you that we will be holding our earnings conference call announcing our results of operations for the first quarter of 2021 on May 6, and we will not be able to respond to any questions regarding those results at this meeting. We will now pause briefly to review any questions submitted.

There are no questions.

In that case, I'd like to thank you for attending today's meeting and your support for TopBuild. Thank you.