Hello, and welcome to the 2024 Annual Meeting of Stockholders of the Interpublic Group of Companies, Inc. Please note that today's meeting is being recorded. During the meeting, we'll have a question and answer session. You can submit questions or comments at any time by clicking the Q&A icon. It is now my pleasure to turn today's meeting over to David Thomas, chairman of the board. Mr. Thomas, the floor is yours. Well, good morning, and welcome to our annual stockholders meeting. I am David Thomas, chairman of the board. Participating this morning are Philippe Krakowsky, our Chief Executive Officer of the corporation and a member of our board of directors, Ellen Johnson, Executive Vice President and Chief Financial Officer, Andrew Bonzani, Executive Vice President and General Counsel, and Robert Dobson, our Senior Vice President and Secretary. Also participating today are the independent members of our board of directors, all of whom are standing for re-election. They are Jorge Benitez, Jocelyn Carter-Miller, Mary Steele Guilfoile, Dawn Hudson, Jonathan Miller, Patrick Moore, Linda Sanford, and Lee Wyatt Jr. Also in attendance are members of Computershare, who are appointed as inspectors of elections to count the votes and to certify the results of the voting. The secretary reports that the holders of over 92% of the outstanding shares of common stock are present or represented by proxy. A quorum is present, and we can conduct our business. You may submit your questions online by clicking on the dialogue icon in the upper right corner of the Meeting Center screen. We will dispense with the reading of the minutes of the 2023 annual meeting, and we'll now move forward with the proposal set forth in our proxy statement. If you need a copy of the 2023 annual report or the proxy statement, the link to the annual meeting materials is provided online. If you have not yet voted or wish to change your vote, I encourage you to do so now. You can do that by clicking on the Cast Your Vote link. The polls will remain open until the end of the meeting. I will now turn the meeting over to Philippe Krakowsky, our Chief Executive Officer. Thank you, Mr. Chairman. I'd like to first inform stockholders that you can find the webcast of our earnings call announcing both the year-end 2023 and first quarter 2024 results on the Investor Relations page of our website. Moving to the items of business for the meeting, first is the election of directors to serve until the annual meeting of stockholders in 2025. Information about our directors standing for re-election appears on pages 5 through 9 of our proxy statement. The second item of business is the ratification of the appointment of PricewaterhouseCoopers as the independent public accounting firm of the corporation for 2024, and that appears on page 32 of our proxy statement. The third item of business is the advisory stockholder vote on compensation paid to Interpublic's named executive officers, which you can find on page 35 of our proxy. Now that we have presented the proposals, we will address any questions on the proposals raised by the secretary. Mr. Secretary? Mr. Krakowsky, there are no questions to be raised at this time. Thank you. The final item of business is the stockholder proposal requesting that the corporation adopt a policy providing for an independent chairman of the board. Is the stockholder or stockholder's representative present to make a statement in support of this proposal? Hello, this is John Chevedden. Thank you. Yes, if you could please give us your name and deliver the resolution, please. Hello, this is John Chevedden. Proposal 4, Independent Board Chairman. Shareholders request that the board of directors adopt an enduring policy and amend the governing documents as necessary in order that two separate people hold the office of the chairman and the office of the CEO. Whenever possible, the chairman of the board shall be an independent director. The board has the discretion to select a temporary chairman of the board, who is not an independent director, to serve while the board is seeking an independent chairman of the board on an accelerated basis. It is a best practice to adopt this policy soon. However, this policy could be phased in when there is a contract renewal for our current CEO for the next CEO transition. This proposal is important to Interpublic because the board can give the two most important jobs at Interpublic, chairman and CEO, to one person for an extended period on short notice. Support for this proposal topic at Interpublic went up 27% in 2023 compared to 2022. This may be due in part because the current Interpublic chairman, Mr. David Thomas, does not appear to have had a day job for the last 18 years. Thus, Mr. Thomas might not have the stature to be up-to-date job skills to be an effective chairman. The least the Interpublic board of directors could do would be to name a chairman with more recent full-time employment. Please vote yes. Independent Board Chairman, Proposal 4. Mr. Secretary, are there any questions to be raised at this time? No, there are no questions to be raised at this time. Thank you, Mr. Secretary. The polls are now closed. We have results of the voting. All nominees have been elected as directors. The ratification of PricewaterhouseCoopers was approved by the stockholders. The advisory vote on compensation paid to Named Executive Officers was also approved by stockholders, and the stockholders' proposal requesting the corporation adopt a policy providing for an independent chairman of the board was not approved by stockholders. The secretary has a tally of the actual votes of these proposals. There being no other matters, I'd like to turn things back over to our Chairman, David Thomas. Hey, thank you, Philippe. There being no further items of business, this meeting is adjourned. Thank you all for attending, and everyone, have a good day. This concludes the meeting. You may now disconnect.
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