Hello and welcome to the 2022 Envestnet Annual Meeting of Shareholders. Please note that this meeting is being recorded. Questions may be submitted via the message icon at the top left of your screen. Type in the message, then clicking the send icon to the right of the message box. It is my pleasure to turn the meeting over to James Fox, Chair of the Board. Mr. Fox, the floor is yours. Thank you and good morning, everyone. It is my pleasure, on behalf of the board of directors and officers of Envestnet, to extend to you a welcome and thank you for attending our annual shareholders meeting. We have already supplied each shareholder with a copy of our proxy statement and annual report. We have also made proxy materials available through a filing with the SEC. The principal business of this meeting is to elect two class three directors to hold office until the 2025 annual meeting. Second, to approve on an advisory basis 2021 executive compensation. Third, to ratify the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2022. I would now like to introduce our Chief Executive Officer and Director, Bill Crager, and our General Counsel and Corporate Secretary, Shelly O'Brien. Thank you, Jim. I extend my own welcome to our annual shareholders meeting. Shelly, has the notice of this meeting been sent to all shareholders entitled to vote at the meeting this morning? Yes. I have a signed affidavit from our transfer agent, American Stock Transfer & Trust Company, stating that the notice has been mailed to each shareholder of record as required under the bylaws. In addition, resolutions were adopted by the Board of Directors of Envestnet, providing for the meeting to be held at this time and place, and directing that notice be given as provided in the bylaws. March 21st, 2022, was fixed as the record date for determining persons entitled to notice of and to vote at this meeting. Finally, the alphabetical list of the shareholders of record as of March 21st, 2022, are entitled to vote, showing their respective addresses and the number of shares held by each is available at this meeting for inspection by shareholders. Thank you, Shelly. Please file a copy of the notice, together with the excerpts from the board meeting stating the time and place of this meeting, and the affidavit as to the mailing of the notice for this meeting with the minutes of this meeting. Mr. Barry Rosenthal of American Stock Transfer & Trust Company has also been appointed Inspector of Election. Mr. Rosenthal, will you please present your report of attendance at this meeting so we can determine whether a quorum is present. Mr. Chairman, there are 55,182,250 shares entitled to vote as of March 21, 2022, the record date. There are 51,300,433 shares present by proxy. Thank you, Mr. Rosenthal. On the basis of the report of the Secretary and the Inspector of Election, I find that the proper notice has been given and that a quorum is present. Accordingly, this meeting has been properly convened. The proxy solicited by the board of directors can be tallied at one time, even though they contain three matters for consideration. Similarly, the ballots cast today can be handled the same way. Accordingly, Shelly will discuss each matter to be acted on at this meeting. At the conclusion of the discussion of all items, we will take the vote. Shelly, were there any shareholder nominations or shareholder proposals for business for this meeting properly filed to you as the secretary? There were none. Since no shareholder nominations or shareholder proposals were properly filed in advance of this meeting, our business is limited to the three matters that are on the agenda. The first proposal we will consider is the election of two directors. The Board has nominated Bill Crager and Gayle Crowell to each serve a three-year term as directors, which terms will expire at the 2025 annual meeting of shareholders, and until their successors to be elected and qualified, or until their earlier resignation, removal, incapacity, or death. Information concerning the principal occupations, their service with Envestnet, and other matters which may be of interest are contained in the proxy statement. No nominations may be made at this meeting. Therefore, I declare nominations to be closed. The second proposal relates to an advisory non-binding vote by shareholders on the compensation of our named executive officers, as outlined on pages 28 to 44 of the proxy statement. Shareholders are asked to vote for the following resolution. Resolved, that the shareholders approve the compensation of the named executive officers as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the compensation discussion and analysis, the compensation tables, and related narrative discussions. The final item of business we will consider is the ratification of the appointment of KPMG LLP as our independent registered public accounting firm for the fiscal year ending December 31st, 2022. Steven Eberly and Alexis Oberoi representing KPMG are present and available to answer appropriate questions. This concludes the introduction of the proposals to be presented at this meeting. You will have an opportunity to vote after any discussion relevant to the proposals has taken place. If you have a question regarding the proposals, please submit it online and include your name and whether you are a shareholder of record. There have been no questions submitted. Great. Thank you, Shelly. There being no questions, it is 11:07 A.M. Eastern time, and the polls are now open for voting. Shelly, will you please describe the voting process? If you have previously voted by proxy, it is not necessary to vote during the meeting. Only shareholders who have not voted, or those who wish to change their vote on their proxy, should vote during the meeting. Any shareholder who desires to vote during the meeting, please do so now by following the instructions in the proxy statement. You may also submit any proxy cards electronically that have not yet been submitted. The voting will be closing shortly. I see no further electronic votes or proxies. Given the fact that the majority of shareholders previously voted by proxy and all attending shareholders have now had adequate time to vote, it is now 11:08 A.M. Eastern time, and the voting is closed. While the votes and the proxies are being tallied, I would like to introduce all the other members of the Envestnet board of directors. They include Luis Aguilar, Ross Chapin, Gayle Crowell, Valerie Mosley, and Gregory Smith. I would also like to introduce other members of the management team at Envestnet. Our president, Stuart DePina, our chief financial officer, Peter D'Arrigo, and our chief human resources officer, Sharon Rosenthal. While we're waiting for voting to be completed, I wanna just add a few words about our business. At Envestnet, we remain focused on our strategy, building an ecosystem to help people achieve a more intelligent financial life. 2021 was a year of execution for us, and we can speak for the significant progress that we are making. In 2021, as the global pandemic continued, total adjusted revenue for the company rose 19% compared to 2020 to $1.187 billion. Adjusted EBITDA rose 8% from 2020 to $262 million. Market volatility and geopolitical upheaval weighed on markets and on the minds of financial consumers. Our clients are supporting millions of families while navigating the challenges of inflationary pressures and rising interest rates. What we do for them is more critical than ever before. These times underline the importance of connecting people's daily financial lives to their long-term goals, and this is something that Envestnet is executing on today. Envestnet's uniquely scaled digital and data-driven ecosystem enables the industry to meet the rapidly evolving needs of the consumer. We're helping our clients drive more intelligent, connected advice and better outcomes for their customers. We continue to leverage our distinct competitive position to drive sustained growth and profitability, creating value for all of our stakeholders, for the advisor clients that we have, for their customers, for all of our employees, and for all of our shareholders. On behalf of everyone here at Envestnet, I thank you, our shareholders, for your support. I see that vote tally is now complete. Shelly, could you present the report on the vote, please? Over 46,577,914 shares, or more than 95% of Envestnet's stock represented at this meeting, has been voted for the election of Bill Crager and Gayle Crowell as directors of the company. Over 48,053,728 shares, more than 98% of the Envestnet stock represented at this meeting, has been voted for the approval of the 2021 compensation of our named executive officers. Over 51,120,982 shares, more than 99% of Envestnet's stock represented at this meeting, has been voted for the ratification of the appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2022. Each of the items voted upon today, as listed in the proxy statement, has been approved by the company's shareholders and will be recorded as stated in the minutes of this meeting. Thank you, Shelly. I'd like to thank all of you for attending today's meeting and for your interest and support of Envestnet. I will now turn it back over to Mr. Jim Fox. Thank you everyone for your attendance and your continued support. This meeting is now adjourned.
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