Atara Biotherapeutics, Inc. (ATRA)
NASDAQ: ATRA · Real-Time Price · USD
9.67
-0.44 (-4.35%)
Sep 17, 2026, 10:55 AM EDT - Market open
← View all transcripts

AGM 2020

Jun 16, 2020

Operator

Welcome to the Annual Meeting of stockholders of Atara Biotherapeutics. Your host will be Pascal Touchon, President and Chief Executive Officer of Atara Biotherapeutics. Pascal, you may now begin.

Pascal Touchon
President and CEO, Atara Biotherapeutics

Good morning. This is Pascal Touchon, President and Chief Executive Officer, and a member of the board of Atara Biotherapeutics. I'm very happy to welcome you to the Atara Biotherapeutics 2020 annual meeting of stockholders. Before I call the meeting to order, I would like to introduce to you the members of the board and the members of the business team who are with us today via teleconference. The members of the board with us virtually today are Ron Renaud, Chair of the board, Roy Baynes, Eric Dobmeier, Matthew Fust, Carol Gallagher, William Heiden, Maria Grazia Roncarolo, and Beth Seidenberg. The officers of the company with us virtually today are Utpal Koppikar, Chief Financial Officer, Kristin Yarema, Chief Commercial Officer, Jakob Dupont, Global Head of Research and Development, Amar Murugan, General Counsel, Steve Bertram, Global Head Human Resources, and A Joshi, Chief Medical Officer.

I would also like to introduce Kevin Durack and Bruce Rucks of Deloitte & Touche LLP, the company's independent registered public accounting firm, and Carlton Fleming of Cooley LLP, the company's outside legal counsel, who are also in attendance virtually and available to respond to appropriate questions. Amar Murugan, our General Counsel and Corporate Secretary, will act as secretary for the meeting. The meeting will now officially start. The time is now 9:02 A.M. Pacific Time on June 16, 2020, and the polls are now open for voting on all matters to be presented. The polls will be closed to voting after we go through the matters to be voted on. As you know, we are hosting today's meeting through a virtual online platform hosted by Broadridge Financial Solutions.

This meeting is being recorded and will be archived for one year after the date of meeting at this meeting site, www.virtualshareholdermeeting.com/ATRA2020. We will proceed with the formal business of the meeting as set forth in your notice of annual meeting and proxy statement. We will first present the three proposals submitted for approval. Please save all questions related to the proposals for after all of the proposals have been presented, after which we will announce the preliminary results of the voting. As I mentioned earlier, the polls are open for voting on all matters presented. After I describe each item to be voted on, we will take questions germane to the proposals, if any, and thereafter will close the polls. We will not accept ballots, proxies, revocation, or changes after the closing of the polls.

If you have already submitted your vote by proxy and do not wish to change your vote, you do not need to vote now, and your shares will be voted as previously instructed. If you intend to vote and have not already done so, you must submit your vote online now in order for it to be counted. If you have not voted, I encourage you to vote online now. Following the conclusion of the formal part of our meeting, we will try to answer any such appropriate questions submitted as and if we have time. Stockholders who are attending this meeting with a valid 16-digit control number can submit questions through the text box located on your screen. Guests to the meeting will not be able to ask questions.

Will the secretary of this meeting please report at this time with respect to the mailing of the notice of the annual meeting and the stockholder list?

Amar Murugan
General Counsel, Atara Biotherapeutics

I have at this meeting a complete list of the stockholders of record of the company's common stock on April 17th, 2020, the record date for this meeting. The list is available for inspection during this meeting for any reason germane to this meeting. If you wish, please click on the link on your online portal to view the list. I also have an affidavit dated May 8th, 2020, certifying that on April 24th, 2020, a notice of the annual meeting of stockholders of the company was deposited in the U.S. mail to all stockholders of record at the close of business on April 17th, 2020.

Pascal Touchon
President and CEO, Atara Biotherapeutics

At this time, I'm appointing Carlton Fleming of Cooley LLP to act as the Inspector of Election at this meeting. Mr. Fleming has taken and subscribed to the customary oaths of office to execute his duties with strict impartiality. We will file this off with a record of the meeting. His function is to decide upon the qualification of voters, accept their votes, and when balloting on all matters is completed, to tally the final votes. Will the Secretary please report at this time with respect to the existence of a quorum?

Amar Murugan
General Counsel, Atara Biotherapeutics

I have been informed by the Inspector of Election that proxies have been received for 54,848,984 of the 58,952,000.

45 shares of common stock outstanding on the record date, which represents approximately 93.04% of the total number of outstanding shares. This constitutes a quorum for the meeting today, and we may now carry out the official business of the meeting.

Pascal Touchon
President and CEO, Atara Biotherapeutics

We will now proceed with the formal business of this meeting. There are three proposals to be considered by the stockholders at this meeting. The first item of business is the election of two directors to serve until the 2023 annual meeting of stockholders and until their successors are elected. The nominees for directors are Pascal Touchon, DVM, Carol Gallagher, Pharm.D. The second item of business today is the proposal to approve, on an advisory basis, the compensation paid to the company's named executive officers as described in a proxy statement. The stockholders have been asked to vote on an advisory basis on the following resolution. Resolved that the compensation paid to the company's named executive officers, as disclosed pursuant to Item 402 of Regulation S-K, including the compensation discussion and analysis, compensation tables, and narrative discussion that accompanies the compensation tables, is hereby approved.

The third item of business today is the ratification of the selection of Deloitte & Touche LLP as the independent registered public accounting firm of the company for the fiscal year ending December 31, 2020. That was the final proposal for today's meeting. As a reminder, we'll now review and answer questions that pertain to the aforementioned proposals. There are no questions. The time is now 9:08 A.M. on June 16, 2020, and the polls are now closed for voting. May we have the results of the voting?

Amar Murugan
General Counsel, Atara Biotherapeutics

The report of the Inspector of Election covering the proposals presented at this meeting is as follows. The proposal to elect Pascal Touchon, DVM, and Carol Gallagher, Pharm.D., as directors of the company is carried. The resolution concerning the advisory vote on the executive compensation of the company's named executive officers is approved. The appointment of Deloitte & Touche LLP as the independent registered public accounting firm of the company for the fiscal year ending December 31, 2020, is ratified. A full tally of the final voting results will be published in a current report on Form 8-K, which will be filed with the Securities and Exchange Commission within four business days of this meeting.

Pascal Touchon
President and CEO, Atara Biotherapeutics

This concludes the formal portions of today's meeting. We will now try to address the questions that could be addressed by our stockholders that are germane to this meeting. It appears there are no additional questions. Thank you again for your attendance at today's meeting and for your continued support of Atara Biotherapeutics. This meeting is concluded. Thank you.

Operator

Ladies and gentlemen, this concludes your call. You may now disconnect.