Welcome to
twenty twenty Annual Meeting for Prohieris Biosciences. Our host for today's call is Denny Lanphier, chief executive officer. At this time, all participants will be in a listen only mode. I'll now turn the call over to your host, mister Lanphier. You may begin, sir.
Thank you. Good afternoon, ladies and gentlemen. I am Denny Lanphier, Chairman of the Board of Directors of Coherus Biosciences. I welcome you to the virtual twenty twenty Annual Meeting of Stockholders. As previously announced, we are holding our twenty twenty annual meeting virtually this year due to the public health risks related to COVID-nineteen.
This format allows us to help protect the health and safety of our stockholders, employees, officers, directors as we respond to the challenge of the outbreak, and we appreciate your support in that effort. We have stockholders attending via the web portal. If you encounter any technical difficulties accessing or participating in the meeting, please call our support team at 8048 or +1 (303) 562-9288. Upon joining the meeting electronically, an agenda for the meeting should have become available on your screen. At the bottom of the screen, a list of the rules of conduct for the meeting should be available.
In order to conduct an orderly meeting, we ask that participants abide by these rules. We appreciate your cooperation in this matter. Before I call the meeting to order, I would like to introduce to you the other members of the management team who are with us virtually today. Jean Frederic Goure, our Chief Financial Officer Thomas Fitzpatrick, our chief legal officer Doctor Vladimir Wexler, our chief scientific officer. I would also like to introduce Alan C Mendelson, a partner of Latham and Watkins LLP, secretary of the company and the company's outside counsel.
Lou Larson, representative Broadridge Financial Solutions Inc, inspector of election, and Michael Formolo, a partner of Ernst and Young LLP, the company's independent registered public accounting firm. Mr. Mendelson will act as secretary of the meeting. The virtual meeting will now come to order. We will proceed with the formal business of the meeting as set forth in the notice of the annual meeting and proxy statement.
Please note that we will answer any questions submitted through the web portal at the end of the meeting. Secretary, please report at this time with respect to the mailing of the notice of the meeting and the stockholders' list.
I have confirmed with Broadridge that we have a complete list of the stockholders of record of the company's capital stock on 03/31/2020, the record date for this meeting. I also have an affidavit certifying that on 04/06/2020, a notice of annual meeting of stockholders of the company was sent either by United States mail or email to all stockholders of record at the close of business on 03/31/2020.
Thank you. I hereby appoint Broadridge to act as inspector of election at this meeting. Lou Larson, representative Broadridge, has taken and subscribed the customary oath of office to execute his duties with strict impartiality, which will be filed with the records of the meeting. His function is to decide the qualifications of voters, accept their votes, and when validating on all matters is completed, to tally the ballots cast as to each matter. Will the secretary please report at this time with respect to the existence of a quorum?
I am informed that based on the number of proxies received today, a quorum is present, and the meeting will proceed.
Thank you. I hereby declare this meeting to be duly constituted for the transaction of all business. Are there any additional proxies to be submitted to the inspector of the election at this time? There are none. We will now proceed with the formal business of this meeting.
There are three proposals to be considered by the stockholders at this meeting. They are, one, to elect three class three directors to hold office until the twenty twenty three annual meeting of the stockholders or until their successors are elected. Two, to ratify the selection by the audit committee of our board of directors of Ernst and Young LLP as the independent registered public accounting firm of the company for the fiscal year ending 12/31/2020. Three, to hold a vote on a nonbinding advisory resolution approving the compensation of the company's named executive officers.
The time is now 02:06PM on 05/22/2020, and the polls are now open for voting on all matters to be presented. Polls will be closed to voting after we go through the matters to be voted upon.
Thank you. The following individuals have been nominated to the board of directors to serve until the twenty twenty three annual meeting of stockholders. Dennis M. Lanfier, Mats Walstrom, and James Ihealy, MD, PhD. Are there any questions or comments on this proposal?
There are none. The board of directors recommends that the stockholders vote for the ratification of the appointment of Ernst and Young LLP as the independent registered public accounting firm for the fiscal year ending 12/31/2020. Are there any questions or comments on this proposal? There are none. The board of directors recommends that the stockholders vote in favor of a nonbinding advisory resolution to improve the compensation of the company's named executive officers as disclosed in the compensation discussion and analysis, compensation tables, and the accompanying narrative disclosure in the company's proxy statement.
Are there any questions or comments on this proposal? Mr. Larson?
Yes. Thank you. Voting is by proxy and virtual ballot. It is not necessary to vote by virtual ballot if you have previously sent in your assigned proxy or voted via telephone or the Internet unless you would like to change your vote. Any stockholder who has not yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there.
We will pause briefly to allow stockholders the opportunity to vote. Time is now 02:08 p. M. And the polls are now closed for voting.
Thank you, mister Larson. May we have the results of the voting, mister Mendelson?
The report of the inspector of election covering the three proposals presented at this meeting is as follows. Proposal to elect Dennis M. Landfear, Motts Walstrom, and James I. Healy, MD, PhD, to the Board of Directors to serve until the twenty twenty three Annual Meeting of Stockholders is approved. The proposal to ratify the appointment of Ernst and Young LLP as the independent registered accounting firm for the fiscal year ending 12/31/2020, is approved.
The proposal to approve on a nonbinding advisory basis the compensation of the company's named executive officers is approved. A full tally of the votes will be published in a Form eight ks report, which will be filed with the Securities and Exchange Commission within the next four business days. The results can also be obtained before this date by writing to me in my capacity as secretary of the company.
Thank you, mister Mendelson. Is there any other business to come before this meeting? Hearing none, this concludes the formal portion of our meeting. This meeting is adjourned at 02:09PM. I am now happy to answer your questions.
Only validated stockholders may ask questions in the designated field on the web portal. Out of consideration for others, please limit yourself to one question. Please note that this meeting is being recorded. However, no one attending via the webcast or telephone is permitted to use any audio recording device. We will take stockholder questions that are being entered today on the web portal.
Please note, we will attempt to answer as many questions as time allows, but only questions that are germane to the meeting will be addressed. Any questions that we do not get to will be addressed on our company website. No questions have been solicited to management for the meeting. We thank you all for listening today and your participation.
Thank you.