AGM 2017

Jun 20, 2017

Good day, and welcome to the 2017 Pure Storage, Inc. Annual meeting of stockholders. I would now like to turn the conference over to Scott Dateson, CEO. Please go ahead. Good morning, ladies and gentlemen. Welcome to Pure Storage's 2nd annual meeting of stockholders. This meeting is now called to order. I'm Scott Dieten, CEO of Pure Storage, and I will share the meeting. I am joined by John Calgrove, the Founder, CTO and Co Chairman of PURE as well as Joe Fitzgerald, our Vice President and General Counsel. This meeting is being helped by live webcast which enables stockholder access and participation. Our shareholders from around the world will be able to join in and submit questions. We welcome members of our Board of Directors, including Mike Spicer, an executive team who may be participating in this meeting. We would also like to welcome Dan Ray and Mindy Piazza representing our independent public accountants Deloitte and Touche who will be available to respond time over to Joe who will conduct the official business of this meeting. Joe? Thank you, Scott. Notice of this meeting has been given in accordance with the company's bylaws and applicable law. The company's agents have certified that notice of this meeting and availability of proxy materials was sent to stockholders of record as of April 25, 2017. Copies of the notice and related affidavit will be filed with the meeting minutes. Next, I would like to introduce the Inspector of Elections for today's meeting, Leah Grant, a representative of Broadridge Financial Solutions, Inc. The Inspector of Elections has executed a note of office, which will be filed with the meeting minute. Only stockholders of record at the close of business on April 25, 2017 are entitled to vote at today's meeting. The Inspector of Elections has informed us that a majority of the aggregate voting power today's meeting either in person or by proxy. Therefore, a quorum is present and this meeting is duly constituted. Today, stockholders will vote on the 5 proposals described in the proxy statement dated May 8, 2017. In proposal 1, the Board of Directors is proposing the reelection of 3 directors: Mark Garrett, Frank Slutman and Mike Spicer, the until our annual meeting of stockholders in 2020. In proposal 2, the Board of Directors is proposing the ratification of the selection of Deloitte and Touce LLP as the company's independent registered public accounting firm for this fiscal year. In proposal 3, the Board of Directors proposing on an advisory basis and approval of our named executive officer compensation. In proposal for the Board of Directors proposing on an advisory basis and annual frequency for future advisory votes on our named executive officer compensation in proposal 5 the Board of Directors is proposing the reapproval of the provisions of our 2015 equity incentive plan relating to Section 162 M of the internal revenue code. The Board of Directors recommends that stockholders vote for 1 year as the frequency future advisory votes on executive compensation and for each of the other proposals. A detailed description of each provided in the proxy statement. On the items of business. You may vote online at any time prior to the closing of the polls. If you have previously voted by proxy and did not wish to change your vote, your vote will be cast as you previously instructed and no further action is needed. If you wish to change your vote, did not send in a proxy and wish to cash your vote now, or have not already cast your vote by clicking on the voting button on the web portal, you may cast your vote now provided you entered the meeting using control number you received previously. I would ask that you complete your electronic ballot at this time so your votes will be counted. It is 10:05 am Pacific Time and the polls are now closed for the voting on the items of business. The Inspector of Elections has provided me with a preliminary report summarizing the voting on the proposals. I am pleased to report that the stockholders have approved 1 year as frequency of future advisory votes on executive compensation and that each of the other proposals have also passed. We expect to publicly report the final voting result on a Form 8 K filing with the SEC. We will ask the Inspector of Elections to execute a report after final tabulation of the votes that will be filed with the meeting minutes. This concludes the official business for this 2017 annual meeting of stockholders. I will now turn the time back over to Scott Deetson PURE's CEO. Scott? We appreciate your participation in today's meeting. The official portion of the meeting is now concluded, to submit questions at this No questions have been received and the Q and A session is now concluded. I'll hand the time back to Scott for any final remarks. Well, we thank you again for your participation today and for your continued support of Pure Storage. The team and I are hugely excited about the road ahead. We hope you will join us for next year's annual meeting. Thank you very much. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.