Good morning, and welcome to the twenty twenty one Annual Shareholder Meeting of YETI Holdings, Inc. I would now like to introduce the first presenter, Dave Schnottig, Chair of the Board of YETI Holdings, Inc. Please go ahead.
Thanks very much, and good morning. The meeting will please come to order. I'm Dave Schnadek, Chair of the Board of YETI Holdings and Chair of this meeting. This is the company's twenty twenty one Annual Meeting of Shareholders. I'd like to introduce Brian Barksdale, Senior Vice President, General Counsel and Secretary of the company.
Mr. Barksdale will act as Secretary of the meeting. Before we dive into the business of the meeting, I'd like to take a moment to recognize that Mr. Bob Shearer, who is the current Chair of the Audit Committee and member of the Nominating and Governance Committee, will be rising to the Chair of the Board position effective later today. Bob has served on our Board since October 2018, and it's my honor to pass the baton to Bob to lead our Board as the company continues to progress and expand.
For my part, I've served as YETI's Board Chair for nearly nine years. During this period, the company has grown from approximately $40,000,000 in revenues to its current level of nearly $1,200,000,000 YETI's added more than 800 jobs to the Austin area and has become a brand known around The U. S. And numerous other countries for its product excellence and innovation, among many other things, good. I sincerely appreciate my time as the company's Chair, and I look forward to serving as an independent Director of YETI in the future.
Mr. Barksdale?
Thank you, Mr. Schnotti. Good morning. The first order of business will be to conduct the formal portions of the annual meeting. Following conclusion of the formal portion of the meeting, Matt Reintes, the company's President and CEO, will provide answers to questions submitted by stockholders during the meeting.
You may submit live questions during the meeting at the virtualshareholdermeeting.com link noted in the proxy statement. You should submit your questions during the formal part of the meeting and prior to the start of the question and answer session if you have any. We will answer as many stockholders submitted questions as time permits and any questions that we're unable to answer during the annual meeting will be published and answered on our website following the meeting with the exception of any questions that are irrelevant to the purpose of this meeting or our business or that contain inappropriate or derogatory references. At this time, I'd like to introduce the directors and officers present at this meeting. In addition to Mr.
Schnodig, the following directors are present today: Tracy Brown Allison Dean Frank DeBeau Mary Lou Kelly Dusty McCoy Matt Reintjes, who's also our President and CEO and Bob Scheer. In addition to Mr. Reintjes and myself, the officers present at this meeting are Paul Carbone, our Senior Vice President and Chief Financial Officer Holly Castro, Senior Vice President of Talent and ESG Kurt Zambetti, Senior Vice President of Sales and Brian Dingler, Senior Vice President of Product. Mr. Bob Johnson will be serving as Inspector of Election and has taken the oath of office.
At this time, I'd like to note that the members of the Nominating and Governance Committee of the Board are Dave Schnotick, Tracy Brown, Mary Lou Kelly and Bob Scherer. If you've already voted your stock by mailing in your proxy card or by telephonic or Internet voting, it's not necessary to vote during the meeting today. However, stockholders participating today have not yet voted or would like to revoke or change a prior dated proxy vote, you may electronically vote your respective shares during the annual meeting using the 16 digit control number included on your proxy card voting instruction form or the notice of Internet availability proxy materials previously mailed or made available to you. I'd like to introduce Mark Dennon of PricewaterhouseCoopers, the independent auditors of the company. Mister Dennon is available to respond to appropriate questions during the question and answer period.
As secretary of this meeting, I'll now report as to the delivery of the notice of annual meeting proxy statement and proxy card and the annual report. I received an affidavit of mailing from Broadridge Financial Solutions as to the mailing of the notice of Internet availability of proxy materials, which provides instructions for obtaining access to the proxy materials. The company also has prepared an annual report for 2020, which includes financial statements certified by Grant Thornton LLP. A copy of this annual report along with the notice of the annual meeting and proxy statement was made available to each stockholder entitled to vote at this meeting and is available on the website indicated in the notice of Internet availability of proxy materials. I will incorporate this affidavit of mailing from Broadridge and the 2020 annual report into the minutes of this meeting.
Is the Inspector of Election ready to report as to the existence of a quorum?
On 03/24/2021, the record date for this annual meeting, there were 87,239,041 shares of common stock outstanding and entitled to one vote per share. There are present at this annual meeting in person or by valid proxy holders of 81,637,343 shares of common stock, representing 93.57% of the eligible votes, and this constitutes a quorum.
I declare that a quorum is present and the meeting is duly constituted. We may therefore proceed with voting. The time is 08:05AM Central Time on 05/20/2021. I now declare the polls open.
The next matter to come before this meeting is the election of three Class III directors. In accordance with our amended restated bylaws, the board of directors has fixed the number of directors at nine. They're split into three classes. The current class three directors are Tracy Brown, Allison Dean and Dave Schnotti. The board of directors of the company recommends the following nominees to serve as class three directors of the company for the ensuing three years ending at our twenty twenty four annual meeting of stockholders, Tracy Brown, Allison Dean, and Dave Schnotti.
I move for the election of each of Tracy Brown, Allison Dean and myself as Class III Directors of the company.
Thank you, Mr. Chair. The next order of business is the approval on an advisory basis of the compensation paid to our named executive officers.
I move for the approval of compensation paid to our named executive officers.
The next order of business is the ratification of the appointment of Price waterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending 01/01/2022. May I have a motion to ratify this appointment?
I move for the ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending 01/01/2022.
Is there any discussion of these agenda items? Mr. Chair, there is no discussion of these agenda items.
Okay. The time is 08:07 a. M. Central Time on May 2021. I declare the polls are now closed.
Will the Inspector of Election please report on the results of the vote?
The Inspector of Election reports that in the election of three Class III directors, Tracy D. Brown, Allison Dean and David L. Schnottig have received the most affirmative votes cast in person or by proxy at this meeting. Over a majority of the votes cast in person or by proxy at this meeting have been voted in favor of the approval of the compensation paid to the company's named executive officers and over a majority of the votes cast in person or by proxy at this meeting have been voted in favor of the ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending 01/01/2022.
Having received the report of the inspector of election, I declare that each of Tracy Brown, Allison Dean and David Schnotick have been duly elected as the Class III directors of the company for the ensuing three years ending at the company's twenty twenty four Annual Meeting of Stockholders. Further, that the compensation paid to our named executives is approved. And last, the appointment of PricewaterhouseCoopers as the company's independent registered public accounting firm for the fiscal year ending 01/01/2022, is ratified.
This concludes the business portion of the annual meeting. No questions have been submitted during the meeting. Mr. Chair, I'd to turn the meeting back.
Thank you, Mr. Barksdale. Thanks much. This meeting is hereby adjourned. Thank you all for your time today.
Thank you. The Annual Shareholder Meeting for YETI Holdings, Inc. Has now come to an end. Thank you for attending. You may now disconnect.