Veritex Holdings, Inc. (VBTX) Earnings Call Transcript & Summary

All right. Good afternoon, ladies and gentlemen. I'm Malcolm Holland, Chairman of the Board of Veritex Holdings. This is the 2020 Annual Meeting of our Shareholders of Veritex Holdings, and I hereby call this meeting to order. We're delighted to have you here today virtually, and we thank you for your interest in the company. Each of you should have signed in a desk who are here. If you hadn't registered, you may step and do so now. Before we start our formal agenda, there's a few people in the room here. I have all my executive team, our lead independent director and a few others in the room with me here today. All right. So I'd like to begin. Before voting, there's a few corporate formalities I want to take care of. I've asked Susan Caudle, the Secretary of the company, to serve as secretary of this meeting. We have previously received from our transfer agent, Continental Stock Transfer & Trust, an affidavit certifying that notice of this meeting was mailed at their direction, as required by our bylaws, on or about April 23, 2020, to shareholders of record as of the close of business, March 31, 2020. A copy of this Notice of the Meeting dated April 17 is available and incorporated into the minutes of this meeting, and the affidavit will be attached to the minutes of this meeting. As authorized by the company's bylaws, I've appointed Susan Caudle the inspector of the election. She will conduct the vote on all matters to come before the meeting and certify the results. She has agreed to serve and sign an oath of office. The oath will be attached to the minutes of this meeting as well. A list of shareholders of the company entitled to vote as of record date March 31, 2020, is available for examination for the last -- has been available for the last 10 days in the offices and is also available for inspection for those who are present. I'll now ask the inspector to confirm the presence of a quorum.

Mr. Chairman, preliminary results reflected there are 44,644,032 shares of the company's common stock present at this meeting in person or represented by proxy. Since these shares constitute more than a majority of the stock issued outstanding and entitled to vote at this meeting, a quorum is present and the meeting may proceed.

Thank you, inspector of election. On matter to be voted upon at this meeting, each shareholder of record as of March 31, 2020, had the right to vote for each share of their common stock registered in such holder's name. The first matter to be considered and voted upon at this meeting is the election of 13 directors of the company to serve until 2021 Annual Meeting of Shareholders or until each person's successor is duly elected and qualified. The nominees who I've previously introduced and who are named in the proxy statement are: Malcolm Holland; Pat Bolin; April Box; Blake Bozman; Don Ellis; William Fallon; Ned Fleming; Mark Griege; Gordon Huddleston; Steve Lerner; Manuel Mehos; Greg Morrison; and John Sughrue. Information about all the nominees were contained into the proxy. Any questions in the room? Okay. The second, approval, on nonbinding advisory vote, of the compensation of the company's named executive officers. The proxy contains information regarding this matter, which is now before the meeting. Any questions? I declare -- if not, I declare questions and discussion of this matter closed. And ratification of the appointment of the company's independent registered public accounting firm. The final matter to be considered and voted upon at this meeting is the proposal to ratify the appointment of Grant Thornton LLP as the independent registered public accounting firm of the company for the year ending 12/31/2020. The proxy statement contains information regarding the ratification of the appointment. Are there any questions? If not, I declare questions and discussion of this matter closed. The inspector of election will now deliver all the preliminary results of the voting. All proposals have been approved. As I see there's no additional business to be discussed at this meeting, I declare the meeting adjourned. Thank you for your attendance today.