AGM 2021

Feb 3, 2021

Good morning. Welcome to the Atmos Energy Corporation 2021 Annual Meeting of Stockholders. I would now like to turn the conference over to Kim Coughlin. Please go ahead. Good morning, ladies and gentlemen. I'm Kim Cochran, Chairman of the Board of Atmos Energy Corporation. I want to welcome you to the Atmos Energy Corporation 2021 Annual Meeting of Shareholders. I will now call the meeting to order. It's first my pleasure to introduce to you the Atmos Energy Board of Directors. You're able to find more information about the credentials of each in your proxy statement. They are Kevin Akers from Dallas, Texas Bob Best from Dallas, Texas Kelly Compton from Dallas, Texas Sean Donahue, Dallas, Texas Rafael Garza, Fort Worth, Texas Rick Gordon, Houston, Texas Bob Grable, Fort Worth, Texas Nancy Quinn, Key Biscayne, Florida Dick Sampson, Wellington, Florida Steve Springer, Fort Myers Beach, Florida Diana Walters, Magnolia, Texas Richard Ware, Amarillo, Texas Frank Yoho, Charlotte, North Carolina and Honorary Director, Charles Vaughn from Dallas, Texas. I would also like to welcome at this time our independent auditor, Kyle Balitz from Ernst and Young and Bob Johnson from Broadridge Financial Solutions, who will serve as the Inspector of Election for our meeting today. We invited shareholder questions to be submitted prior to the meeting and received none. So we will now turn to the business matters of this annual meeting. If you do have questions following the meeting, please email them to Board of Directors atmosenergy.com. This annual meeting is held pursuant to the notice distributed beginning on December 18, 2020, to each shareholder of record at the close of business on December 11, 2020. An affidavit of distribution has been provided by Broadridge Financial Solutions, evidencing the fact that notice of the meeting has occurred. The list of shareholders entitled to vote has been available for review for more than 10 days before this meeting, as required by law. All documents concerning the notice will be filed with the other records of the meeting. The total shares present in person or by proxy at the beginning of this meeting were more than 72,000,000 shares of the company's common stock. This represents over 50% of the shares of the company's outstanding common stock at the close of business on December 11, 2020. I hereby declare that a quorum is present and that this meeting has been convened to properly transact the business before. We have several proposals at our meeting today to act upon. The first is for the shareholders to elect 14 directors to serve 1 year terms, which will expire in February 2022. All the nominees were recommended by the Nominating and Corporate Governance Committee of the Board of Directors. And each of them have consented to be a nominee as well as to serve as a director if elected. Because no other nominations were received in accordance with their bylaws, the nominations are now closed. The nominees include Kevin Akers, Robert Best, Kim Cochran, Kelly Compton, Sean Donahue, Rafael Garza, Richard Gordon, Robert Gragel Nancy Quinn Richard Sampson Steven Springer Diana Walters Richard Wheretu, Frank Yoho. There's more information about the affiliations and career of each nominee in your proxy statement. The second proposal is to amend the 1998 long term incentive plan to extend its term for 10 years. The 3rd proposal is to ratify the appointment by the Audit Committee of Ernst and Young LLP to serve as the company's independent registered public accounting firm for our 2021 fiscal year. The last is to act upon a proposal for a non binding advisory vote by the shareholders to approve the compensation of the named executive officers of the company for our 2020 fiscal year. This proposal is referred to as say on pay. No other proposals were received by the corporate secretary in accordance with the bylaws. Therefore, with no other business before the beating, we will move on to the voting. The polls are now open. Any shareholder who has not yet voted or who wishes to change their vote may do so by clicking on the voting button on the web portal and follow the instructions there. Shareholders who have sent in their proxies or voted via telephone or Internet and do not desire to change their vote do not need to take any further action. I will pause now to allow any changes to be made. Now that everyone has had the opportunity to vote, I now declare the poll is closed. We're now ready to report the results of our shareholder voting. Mr. Johnson has provided me with a preliminary unofficial tabulation of the voting results. His firm, Broadridge Financial Solutions, will certify the final results later this week. Those final results will be presented in a report that we will file with the Securities and Exchange Commission in a few days. First, I'm very pleased to announce that the unofficial count shows that all nominees for election to the Board were elected. Each received a 4 vote of more than 88% of the votes voted in person or by proxy. I declare that they all have been duly elected to the Board of Directors of Atmos Energy Corporation. Those elected are Kevin Akers, Robert Best, Kim Cochlin, Kelly Compton, Sean Donahue, Rafael Garza, Richard Gordon, Robert Graebel, Nancy Quinn, Richard Sampson, Stephen Springer, Diana Walters, Richard Weirto and Frank Yoho. The second proposal to amend the 1998 long term incentive plan to extend its term was approved by more than 94% of the shareholders who voted in person or by proxy. The 3rd proposal to ratify the appointment of our independent registered public accounting firm was approved by more than 92% of the shareholders who voted in fiscal 2020 compensation of our named executive officers known as sale and pay was approved by more than 93% of our shareholders. That concludes the business before our meeting. I want to thank you for your interest and support for Atmos Energy. We will stand adjourned. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.