AGM 2021

Jun 3, 2021

Good afternoon and welcome to the 2021 Annual Meeting of Stockholders of Outset Medical Inc. I would now like to turn the meeting over to Keith Grossman, Chairman of Outset Medical's Board of Directors. Thank you, operator. My name is Keith Grossman, Chairman of Outset Medical's Board of Directors, and I'll be presiding as the Chair of this meeting. John Broadam, our General Counsel and Secretary is also joining me today and will serve as Secretary of this meeting. Along with my fellow directors and executive officers of the company, I would like to welcome you to Outset Medical's very first annual meeting of stockholders. We appreciate your attendance, your interest in and support of Outset Medical. As you know, we're meeting of course virtually today. This allows us to provide access to all of our stockholders regardless of geography, while supporting the health and well-being of our stockholders, employees and directors in light of the global pandemic. I'd now like to take a moment to introduce the other members of our Board of Directors who are present virtually at today's meeting. In addition to myself, we have Karen Drexler, Patrick Hackett, Jim Hinrichs, Andrea Sio and Catherine Simon. We're also joined by Leslie Crigg, of course, our President and Chief Executive Officer and a member of our Board as well as Rebecca Chambers, our Chief Financial Officer, each of whom will be available to answer questions during the Q and A session at the end of this meeting. I would also like to welcome Shefali Patel and Jason Trimboom of KPMG, the company's independent registered public accounting firm, Who are available to respond to appropriate questions from stockholders. Also in attendance is Christina Vico, acting as a representative of Broadridge, who will serve as our Inspector of Election. The formal business for today's meeting is set forth in your notice of annual meeting and proxy statement and the agenda is posted on the virtual meeting website. I'll now turn the meeting over to John Broadam, who will kick off the formal part of this meeting. Thank you, Keith. Before we begin the formal part of this meeting, I would like to note the following. As a reminder to stockholders, please kindly review and observe Our rules of conduct for this meeting, which are posted on the virtual meeting website. To devote or submit questions while participating in this meeting, You must have accessed this meeting as a stockholder with your 16 digit control number that you received with your proxy materials. If you have already voted by proxy and do not wish to change your vote, your vote will be cast as previously instructed and no further action is necessary. If you wish to vote online during the meeting, you may do so through the virtual meeting website at any time before the polls are closed. We welcome questions from our stockholders. We will respond to any appropriate questions regarding the matters on the agenda prior to closing the poll. Questions regarding Outset's business that are not otherwise related to the matters on the agenda will be addressed during our Q and A session, that will follow the formal business of the meeting. Lastly, please note that this meeting is being recorded and a webcast playback will be available for 1 year following the conclusion of the meeting at the same link you used to access this meeting. Now on to the formal part of this meeting. Broadridge Financial Solutions Inc, our proxy service provider, has indicated by affidavit that commencing on April 21, 2021, notice of this annual meeting was mailed to all stockholders of record at the close of business on April 8, 2021, the record date for this meeting. Christina Vico, a representative of Broadridge, has been appointed as the Inspector of Election and has signed an oath of office promising to execute faithfully the duties of the Inspector of Election. The oath of office will also be filed with the minutes of this meeting. I have been informed by the Inspector of Election that at Least a majority of the shares entitled to vote at this meeting are present virtually in person or by proxy, which constitutes a quorum, and we may proceed with the official business of the meeting. There are 2 proposals to be considered today by the stockholders. Thanks, John. The first item of business is the election of 2 Class 1 directors named in the proxy statement, Leslie Trigg and Karen Drexler to hold office until the 2024 Annual Meeting of Stockholders. The second item of business is the ratification of the appointment KPMG as the company's independent registered public accounting firm for 2021. Are there any questions regarding these two items of business? There are no questions related to the two items of business. As a reminder There are further items Go ahead, Keith. Go ahead, John. As a reminder, if you have already voted by proxy and do not wish to change your vote, Your vote will be cast as previously instructed and no further action is necessary. At this time, I ask any stockholder who desires to vote online to please conclude their voting through the virtual meeting website as the polls will be closed shortly. It is now 1:35 p. M. Pacific Time and the polls are now closed for voting. John, can we have the preliminary results of the voting? Based on a preliminary review of the votes, the Inspector of Election has informed me that we have received necessary votes to pass the following. Each of the Class 1 Director nominees, Leslie Trigg and Karen Drechsler, has been elected to hold office until our 2024 Annual Meeting of Stockholders and the appointment of KPMG LLP as the company's independent registered public accounting firm for 2021 has been ratified. After all verifications have been completed by our Inspector of Election, we plan to publicly announce the official voting results on a Form 8 ks to be filed with the SEC within the next 4 business days. Okay. Thank you. This concludes the formal business of our annual meeting of stockholders and we'll now proceed to our general Q and A session. Have we received any questions regarding the company's business? There are no questions. All right. Thank you again for attending our annual meeting of stockholders. We appreciate your continued support of Outset Medical and the meeting is now adjourned.