AGM 2020

Jul 20, 2020

Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Fastly Incorporated Annual Stockholder Meeting. At this time, I would like to turn the conference over to Mr. Joshua Bixby. Sir, please begin. Thank you. Good morning, and welcome to Fastly's 2020 Annual Meeting of Stockholders, our 1st stockholder meeting as a public company. I am Joshua Bixby, CEO and a member of the Board of Directors. I greatly appreciate everyone joining us during this very challenging time, and I hope you've been able to stay safe and well. First off, I'd like to acknowledge our directors and officers who are attending today's virtual meeting. From our Board of Directors, we have Aida Alvarez, Archer Bergman, Sunil Dhaliwal, David Hornick, Chris Paisley and Kelly Wright. From our executive team, we have Adria Lares, CFO and Paul Louongo, General Counsel and SVP Trust. We are also joined today by Ali Gee and Tim DeKay from Deloitte and Touche, Fastly's external audit firm and Seth Gottlieb from Cooley, our outside counsel. During the Q and A session, they will be available to answer questions. I will now turn this meeting over to Paul Luongo, who is acting as Secretary and will lead the formal business portion of the meeting. Great. Thank you, Joshua, and good morning, everyone. At this time, I call this meeting to order. We will start today's meeting with the formal business portion, which includes a discussion of the proposals described in our proxy statement and announcement of preliminary voting results. We will then conclude with a question and answer session. A copy of the agenda and rules of conduct for today's meeting are posted on the Annual Meeting portal. We ask that you follow these rules to help the meeting run smoothly. I have received affirmation from Broadridge Financial Solutions that notice of the annual meeting and proxy materials were sent to all stockholders of record as of the close of business on April 15, 2020, the record date for this annual meeting determined by our Board of Directors. A complete list of stockholders entitled to vote during this meeting is available online and can be found at the bottom of the virtual web portal. Ms. Kathryn Blackwell has been appointed to act as the Inspector of Elections for this meeting. She has executed an oath of office, which will be filed with the minutes of this meeting. Ms. Blackwell has indicated that a quorum is present and that this meeting is duly convened and can proceed. The polls are currently open. Each share of Class A common stock is entitled to 1 vote and each share of Class B common stock is entitled to 10 votes. If you have already voted, there is no need to vote now unless you would like to change your vote. If you have not voted and you'd like to, please click the Vote Here button at the bottom right hand corner of your screen. After I describe each proposal, we will close the polls. Stockholders who are attending this meeting with a valid 16 digit control number may submit a question or comment at any time during this meeting through the text box located on the virtual meeting screen. We have allotted a certain amount of time after the formal business portion of the meeting to respond to questions that are relevant to the meeting or our business. We'll now move to the proposals. The first matter is the election of directors. The 3 nominees for election as Class 1 directors at this meeting are Aida Alvarez, Joshua Bixby and Sunil Dhaliwal. If elected, they will serve until our Annual Meeting of Shareholders in 2023. No other director nominees have been properly submitted pursuant to our bylaws or the rules of the SEC, so no other nominations are being considered. Each of the 3 director nominees is currently serving on our Board, and our Board of Directors recommends a vote for all of these director nominees. The second matter is an amendment to our amended and restated certificate of incorporation to change the final conversion date of our Class B common stock from 10 years following our IPO to 7 years following our IPO. The 3rd and final matter to be voted on is the ratification of the selection of Deloitte as the company's independent auditors for the current fiscal year. We will pause for a moment to allow anyone who chooses to vote electronically to cast their ballot. The polls are now closed. No additional ballots, proxies or votes and no changes or revocations will be accepted. Our preliminary results indicate that all nominees have been elected as directors. Fastly's amendment to the amended and restated certificate of incorporation has been approved and the ratification of the appointment of Deloitte as our independent auditors for the current fiscal year has passed. We will report the final vote results that are certified by the Inspector of Elections in a Form 8 ks with the SEC within 4 business days after the final results are known to us. As there is no further business to come before the meeting, formal part of the meeting is now adjourned. We'll now turn to the question and answer portion of the meeting. If you have not already submitted a question and wish to do so, please enter your question now into the text box on the web portal. We will answer any questions that are relevant to the meeting and consistent with the rules of conduct as time allows. At this time, there are no questions. I'll turn it back to you, Joshua. Thank you, Paul. This concludes our annual meeting. Thank you all for attending and for your continued support. I hope you all stay safe and healthy. We'll see you all again soon. Ladies and gentlemen, thank you for participating in today's conference. This concludes the program. You may now disconnect.