Ken McBride - Chairman & CEO
Stamps.com Inc. (STMP) 2013 Annual Meeting of Stockholders Conference Call June 12, 2013 1:00 PM ET
Good day ladies and gentlemen, and welcome to the Stamps.com 2013 Annual Meeting of Stockholders of Stamps.com. At this time, all participants are in a listen-only mode. (Operator Instructions) As a reminder, today's conference is being recorded.
I would now like to turn the conference over to your host, Chairman and CEO, Ken McBride. Please go ahead.
Good morning. My name is Ken McBride, as Chairman and CEO of Stamps.com I am pleased to call this annual meeting of stockholders to order and to welcome you. I will act as Chairman of the meeting and Seth Weisberg, our Chief Legal Officer will act as Secretary of the Meeting. Mr. [Jim Kirkland] of Computershare is hereby appointed Inspector of Elections for the meeting.
This meeting is being held pursuant to the written notice which was mailed around May, 03, 2013 together with our proxy statement related to the company's annual meeting to each stockholder of record of Stamps.com as of the close of business on April 18, 2013. The first order of business is to determine the presence of a quorum.
Unidentified Company Representative
I hereby present a list of the stockholders of record who are entitled to vote at this meeting which will remain available for inspection by the stockholders during the course of this meeting. Further, I present copies of the notice of annual meeting and the proxy statement together with an affidavit as to the mailing of such materials to the stockholders all of which will be filed with the minutes of this meeting.
I have been advised by Mr. Weisberg that there is a quorum of the common stock of Stamps.com present at this meeting and this meeting having being duly called and convened is qualified to proceed with the business at hand. There are three items requiring a vote of our stockholders. The first matter to be act upon by stockholders at this meeting is to elect one director to the company's Board of Directors. This director elected will serve until the company’s 2016 annual meeting of stockholders or until a successor is duly elected and qualified.
The individual who receives the greatest number of votes cast for the election by the shares present at this meeting in person or by proxy shall be elected director. The nominee recommended by the company's board is Mohan Ananda and he is currently a director of the company. Are there any questions related to this item? Since there are no questions or comments on this item, I declare the discussion on the matter closed.
The second matter to be acted upon by the stockholders at this meeting is to approve on an advisory basis our executive compensation. Are there any questions related to the advisory vote on executive compensation. Since there are no questions or comments on this item, I declare the discussion on the matter closed.
And the third matter to be acted upon by the stockholders at this meeting is to ratify the selection by the board of Ernst & Young as the company's independent auditors for the 2013 fiscal year. Are there any questions related to the ratification of Ernst & Young as the company's independent auditors for the 2013 fiscal year? Since there are no questions or comments on this item, I declare discussion on the matter closed. I have been advised by Mr. Weisberg that based on proxies in hand, the individual receiving the greatest number of votes and thereby elected to serve as director is Mohan Ananda. Second, our shareholders have approved on an advisory basis our executive compensation.
And third, by more than 50% of the votes present in person or by proxy at this annual meeting have been voted in favor of the ratification of Ernst & Young as the company's independent auditors for the 2013 fiscal year. Accordingly, I hereby declare that the three proposals up for consideration at this annual meeting of stockholders have been duly approved and adopted by the stockholders of Stamps.com.
There being no further business to come before the meeting, the meeting will be adjourned unless there is any objection. So I hereby declare this meeting adjourned. We will now end the formal part of our annual meeting. Thank you for attending.
[No Q&A Session for this event]
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