Tyler Technologies, Inc. (TYL) Earnings Call Transcript

Good morning. I'm John Marr, and I would like to welcome each of you to the Tyler Technologies Virtual Annual Meeting of Stockholders. As chairman of the meeting, I now call the meeting to order. Before I begin, I would like to express our best wishes to each of you during this unprecedented time. We appreciate your participation in this virtual meeting, the first of my tenure on the Board. We thank our partners at Broadridge for helping us to make this meeting possible. Please follow the instructions that have been provided to you regarding your remote participation. Joining me is Abby Diaz, who will act as secretary of the meeting and who has been appointed judge to determine the existence of a quorum as well as to tabulate the votes.

Thanks, John. As secretary, I have received appropriate evidence that the notice and proxy statement were duly mailed to all holders of Tyler's common stock and there are, either in person or by proxy, a majority of the outstanding shares of Tyler common stock present and represented at the meeting.

As chairman of the meeting, I find that a quorum is present for the purpose of conducting business. As stated in the notice of this annual meeting, the matters to be considered and acted upon at this meeting are: first, to elect 9 directors to serve until the next Annual Meeting of Stockholders; second, to ratify the selection of Ernst & Young as our independent auditors for the 2020 fiscal year; and third, to approve an advisory resolution on our executive compensation. I'm sure that most of you have already voted or submitted a proxy. If any of you have not voted and wish to vote your shares personally, please indicate as much on the Broadridge platform so that we may receive your votes now. [Voting]

Thank you. Voting is now closed. Before we announce the results, I will take questions regarding the company. In addition, Betsy Branch of Ernst & Young is also available to answer appropriate questions regarding the audit of the company's financial records. If anyone has a question for Ms. Branch or me, indicate as much on the Broadridge platform. Okay. If there are no questions, then Ms. Diaz, will you please report the results of the voting?

All of the ballots have been counted, and each of proposals 1, 2 and 3 received the vote of a majority of the shares actually voted at the meeting. John?

Thanks, Abby. I declare that the directors of the company for the next year are Don Brattain, Glenn Carter, Brenda Cline, Luther King, Jr., Mary Landrieu, Lynn Moore, Daniel Pope, Dusty Womble and myself. I further declare that Ernst & Young will serve as Tyler's independent auditors for the year 2020. Finally, I note that the Board will consider the results of the advisory vote prior to next year's Annual Meeting of Stockholders. Thank you for participating. The meeting is now adjourned.