Cadre Holdings, Inc. (CDRE) Earnings Call Transcript & Summary

Aye.

Is there any objection? Hearing no objection, it is ordered that the reading of the minutes of the last meeting of stockholders be waived. Under the powers granted to me by the bylaws of the company, I hereby designate Mr. Jonathan Zalkin as Inspector of Elections to count the votes presented to the meeting or by proxy. I've requested the Inspector of Elections to submit his oath as inspector and direct the Secretary to attach the same to the minutes of the meeting. Copies of the 2025 annual report to stockholders have already been sent to all stockholders and therefore ask for a motion to dispense with the reading of the annual report and to order that it be accepted and filed.

I move that the reading of the annual report be dispensed with and that the annual report be accepted and filed with the minutes of this meeting.

I second the motion.

Is there any objection? Seeing no objection, it is ordered that the reading of the annual report be waived in the annual report accepted and filed with the minutes of this meeting. First item of business to be acted on at this meeting is the election of directors for the coming year. The proxy statement named as the directors to be elected at this meeting, 5 directors to hold office until the next Annual Meeting of Stockholders and until his or her successor shall have been duly elected and qualified. Will the Chairman of the Board's Nominating Corporate Governance Committee submit the names of the nominees of the Board of Directors for election as directors.

On behalf of the Board nominating Corporate Governance Committee, I nominate the following persons to be elected as directors of the company to hold office until the next Annual Meeting of Stockholders and until his or her successor shall be duly elected and qualified. Warren B. Kanders, Hamish Norton, William Quigley, Nicolas Sokolow, Mary Kissel.

I second the motion.

I order that the nominations for election of directors are closed. We will now proceed with the next order of business, which is to consider and vote upon the ratification of the appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. The Board of Directors recommends that you vote for ratification of the appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. While any stockholder who desires to vote on the matters to be voted upon at the meeting, please do so now by accessing the annual meeting web page and following the on-screen instructions. Please note that you must enter the control number found on your proxy card that you previously received. The polls are now closed for each of the following matters to be voted upon at the meeting, the election of directors and the ratification of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. Will the Secretary report how many stockholders are present or by proxy.

There are now present or represented by proxy holders of 37,067,682 shares of common stock out of a total of 42,797,451 shares of common stock issued and outstanding as of the record date. This constitutes more than a majority of the shares of the company's issued and outstanding common stock entitled to vote at this meeting, and therefore, a quorum is present.

I understand that the Inspector of Election has tabulated the votes. Will the Inspector of Elections please report the results?

The plurality of the votes cast at this meeting has voted for the election of each of the 5 nominees of the Board of Directors. And accordingly, Mr. Kanders, Norton, Quigley, Sokolow and Ms. Kissel have been elected as directors of the company to serve until the next Annual Meeting of Stockholders and until his or her successor shall be duly elected and qualified. Holders of shares of common stock of the company constituting a majority of the shares of common stock present or represented by proxy at this meeting with respect to such proposal entitled to vote thereon voted to ratify the appointment of KPMG LLP as the company's independent registered public accounting firm for the year ending December 31, 2026. And accordingly, such proposal was duly adopted.

That concludes the technical requirements of our meeting. Having concluded the formal business of the meeting, I will now entertain a motion to adjourn the formal portion of the meeting.

I move that the meeting be adjourned.

I second that motion.

All in favor, please say, aye.

Aye.

Aye.

Any objection? Seeing no objection, the meeting is adjourned. Thank you, ladies and gentlemen, for participating in the annual meeting.

We will now proceed to the question-and-answer session, which will not constitute part of the formal business of the meeting. Should any stockholder wish to submit a question, please click on the questions box to the right of your screen, type your question into the text box, then click the submit button. Please note that in the interest of all stockholders, we will only address those questions that are pertinent to the business of the meeting.

There are no questions, Blaine.

Thank you. Today's webcast has concluded. You may disconnect at this time. Thank you.