InfuSystem Holdings, Inc. (INFU) Earnings Call Transcript

Hello, and welcome to the Annual Meeting of Stockholders of InfuSystem System Holdings, Inc. Please note that today's meeting is being recorded. [Operator Instructions] It is now my pleasure to turn today's meeting over to Barry Steele. The floor is yours.

Welcome to InfuSystem 2024 Annual Meeting of Stockholders, which is being held virtually today. We are pleased that you have joined us this afternoon. I will act as Secretary of our meeting today. With me is Mr. DiIorio, CEO and member of the Board, who will chair the meeting; and Mr. Addam Chupa, Executive Vice President and Chief Information Officer. The other members of the Board of Directors, the senior management team, representative of Deloitte & Touche LLP, the company's independent auditors are joining us virtually. All these individuals will be available to answer questions. Stockholders may submit questions at any time by using the Q&A icon on your screen. There are 2 sources of information to which I would like to draw your attention. The first is the rules of conduct, which will govern our meeting. The other is the agenda for the meeting. Both are in the lower-hand corner of your screen. I will now turn the meeting over to CEO and Board member, Richard DiIorio, who will call the meeting to order.

Good afternoon, everyone. Will the meeting please come to order. I would like to thank all of you for your presence at InfuSystem Holding Inc.'s 2024 Annual Meeting of Stockholders. I am Richard DiIorio and on behalf of the Board of Directors and the company's management team, I would like to extend a special welcome to our stockholders in attendance. Mr. Steele called to your attention the agenda, along with the rules of conduct for the meeting. [Operator Instructions] The Secretary has delivered an affidavit of mailing, establishing that notice of this meeting was duly given. A copy of the notice of the meeting and the affidavit of mailing will be incorporated into the minutes of the meeting. All stockholders of record at the close of business on March 20, 2024, are entitled to vote at this meeting. A complete list of the stockholders as of this record date was prepared and certified and is available to stockholders at this meeting as indicated on your screen. Also, I've been advised that there are represented in person or by proxy, at least 18,273,060 shares of common stock or approximately 85.93% of all the shares entitled to vote at the meeting, constituting a quorum. Thus, the meeting is duly convened. Moving to the matters to be voted on today. If you have voted your shares prior to the start of the meeting, your vote has been received by the company's inspector of elections, and there is no need to vote those shares during this annual meeting, unless you wish to revoke or change your vote. Any stockholder who does wish to vote at the meeting may do so now as indicated. The first proposal to be voted upon in this election of 7 directors to serve until the 2025 Annual Meeting of Stockholders and until their successors are duly elected and qualified. The nominees' qualifications are described in the proxy materials. Our Board has nominated for election the following persons as directors: Ralph Boyd; Richard DiIorio, Kenneth Eichenbaum, Paul Gendron, Beverly Huss, Carrie Lachance and Scott Shuda. The second proposal to be voted on is the approval by advisory vote of the company's executive compensation. The last proposal to be voted on is the ratification of the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2024. We will wait just a few moments to make sure that anyone who desires to vote has an opportunity to do so. [Voting]

If there are no questions and the votes have been cast, I declare the polls closed. I will now ask the secretary to provide the results of the voting that took place before the beginning of our meeting today. Any additional votes received during the meeting will be included in the final vote tally, which will be reported in a Form 8-K, which will be filed by the company in the next few days.

Based on the votes received and tallied, the following nominees have been elected to the Board. Ralph Boyd, Richard DiIorio, Kenneth Eichenbaum, Paul Gendron, Beverly Huss, Carrie Lachance and Scott Shuda. The compensation of the executive officers has been approved by advisory vote and the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2024, has been approved.

This concludes the formal portion of our meeting. I will now check to see if any additional questions were submitted during this meeting. If there are no further questions, I would again like to express our sincere appreciation of the stockholders for their attendance and the voting of their shares of InfuSystem stock. Thank you.

This concludes the meeting. You may now disconnect.