posted 2005 Annual Meeting Script...

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SYMANTEC CORPORATION 2005 ANNUAL MEETING OF STOCKHOLDERS September 16, 2005 8:00 a.m. Pacific Time TRANSCRIPT JOHN W. THOMPSON: Good morning, I am John Thompson, Chairman of the Board and Chief Executive Officer of Symantec Corporation. On behalf of the board of directors and employees of Symantec, I would like to welcome you to our 2005 Annual Meeting of Stockholders. I will begin with the formal business of the meeting. After the voting results have been announced, there will be a corporate presentation followed by a question and answer period. Before proceeding to the business of the meeting, I would first like to introduce some of our directors and executive officers.Our directors who are here today are: Gary Bloom, Vice-Chairman of the Board and President of Symantec David Mahoney, Former Co-CEO of McKesson HBOC, Inc. and CEO of iMcKesson LLC Paul Unruh, Former Chief Financial Officer and Vice Chairman of Bechtel Group, Inc. Our executive officers who are here today are: Greg Myers, Senior Vice President, Finance and Chief Financial Officer Art Courville, Senior Vice President, Corporate Legal Affairs and Secretary Becky Ranninger, Senior Vice President, Human Resources Don Frischmann, Senior Vice President, Communications and Brand Management I would also like to introduce Mr. Andrew Luh of Fenwick & West, our corporate legal counsel. Ms. Chris Dyer and Mr. Gary Matuszak of KPMG, our independent registered public accounting firm, and Mr. Chuck Garske of Georgeson Shareholder Communications, our proxy solicitor. Mr. Garske has been appointed as the

Transcript of posted 2005 Annual Meeting Script...

Page 1: posted 2005 Annual Meeting Script 09-12-05library.corporate-ir.net/.../165729/2005_Annual_Script_091205.pdf · Chuck Garske of Georgeson Shareholder Communications, ... special voting

SYMANTEC CORPORATION 2005 ANNUAL MEETING OF STOCKHOLDERS

September 16, 2005 8:00 a.m. Pacific Time

TRANSCRIPT JOHN W. THOMPSON: Good morning, I am John Thompson, Chairman of the

Board and Chief Executive Officer of Symantec Corporation. On behalf of the board of directors and employees of Symantec, I would like to welcome you to our 2005 Annual Meeting of Stockholders.

I will begin with the formal business of the meeting. After the voting results have been announced, there will be a corporate presentation followed by a question and answer period. Before proceeding to the business of the meeting, I would first like to introduce some of our directors and executive officers.Our directors who are here today are:

• Gary Bloom, Vice-Chairman of the Board and President of Symantec

• David Mahoney, Former Co-CEO of McKesson HBOC, Inc. and CEO of iMcKesson LLC

• Paul Unruh, Former Chief Financial Officer and Vice Chairman of Bechtel Group, Inc.

Our executive officers who are here today are:

• Greg Myers, Senior Vice President, Finance and Chief Financial Officer

• Art Courville, Senior Vice President, Corporate Legal Affairs and Secretary

• Becky Ranninger, Senior Vice President, Human Resources

• Don Frischmann, Senior Vice President, Communications and Brand Management

I would also like to introduce Mr. Andrew Luh of Fenwick & West, our corporate legal counsel. Ms. Chris Dyer and Mr. Gary Matuszak of KPMG, our independent registered public accounting firm, and Mr. Chuck Garske of Georgeson Shareholder Communications, our proxy solicitor. Mr. Garske has been appointed as the

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inspector of elections for the meeting and will assist in the tabulation of proxies and ballots. I will be acting as chairman of the meeting, and Mr. Courville will act as the secretary of the meeting. If there are any of you who have not registered your attendance at this meeting, please go to the registration desk located at the entrance of the room and register at this time. Upon registration, you were provided with an agenda for the meeting and the rules of conduct for the meeting. In order to allow for an orderly meeting and permit sufficient time for any questions, we ask that you abide by these rules. Mr. Courville will now report on the mailing of the notice of this meeting.

ART COURVILLE: The meeting is being held pursuant to printed notice mailed on August 9, 2005 to each stockholder of record entitled to vote on July 25, 2005. A list of stockholders entitled to vote at this meeting has been available at our headquarters for the past 10 days and is available for examination by any stockholder desiring to do so. Copies of the notice of meeting and the affidavit of mailing will be filed with the records of the meeting.

As of July 25, 2005, there were 1,197,408,128 shares of common stock outstanding and one share of Symantec special voting stock outstanding. Approximately 1,045,517,749 shares of common stock are represented here today in person or by proxy, which represents approximately 87% of the company’s outstanding voting stock. A quorum is present and the meeting is duly convened to transact business that may properly come before it.

JOHN W. THOMPSON: Thank you Mr. Courville. On behalf of the Board, I would like to express my appreciation to all stockholders who returned their proxies. I would also like to point out that those of you who returned the proxies authorized management to vote on all proposals coming before the meeting. Those of you who requested ballots so that you could vote individually at the meeting were provided the ballots when you entered the meeting and you may provide

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your completed ballots to the inspector of elections at this time.

We will begin by first identifying the proposals set forth in the proxy statement and then we will take the vote on these proposals. Mr. Garske will tally the votes and proxies and determine which proposals have been approved. I will announce the results at the close of the meeting. We will now proceed to the items on the agenda.

Review of Proposals JOHN W. THOMPSON: The first proposal is to elect the ten nominated directors to

Symantec’s board of directors.

The second proposal is to ratify the selection of KPMG LLP as Symantec’s independent auditors for the 2006 fiscal year.

Opening of Polls JOHN W. THOMPSON: Are there any questions? If not, we will now vote on the

proposals. Let me remind you that if you have already sent in a proxy by telephone, Internet or mail, there is no need for you to cast a ballot unless you wish to change the vote you indicated on the proxy. The proxy holders will vote your shares as indicated on the proxy. If you wish to vote by ballot and have not already done so, please mark them now and give them to Mr. Garske.

Mr. Garske has provided me with the following results of

the voting: For Proposal 1, to elect the ten nominated directors to

Symantec’s board, each nominee received the following number of votes and percentage of votes cast:

Nominees: FOR % CAST Gary L. Bloom 1,028,956,227 98.42% Michael Brown 1,036,707,664 99.16% William T. Coleman 1,037,040,366 99.19% David L. Mahoney 1,037,016,694 99.19% Robert S. Miller 903,400,201 86.41% George Reyes 1,037,089,867 99.19% David Roux 1,034,442,593 98.94% Daniel H. Schulman 1,036,986,407 99.18% John W. Thompson 1,015,775,746 97.16%

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V. Paul Unruh 1,036,913,582 99.18%

Proposal 2, to ratify the selection of KPMG as Symantec’s independent auditors for the 2006 fiscal year, received the following number of votes and percentage of votes cast:

Auditors: FOR % CAST KPMG, LLP 1,035,375,419 99.03% Closing of Polls JOHN W. THOMPSON: All votes have been cast on the matters to be considered at

this meeting and the polls are now closed. Mr. Garske informs me of the following results:

Election Report JOHN W. THOMPSON: Proposal 1. The proposal to elect the ten nominated

directors to Symantec’s board of directors has been approved by a vote of at least a plurality of the voting power of the Symantec shares represented at this meeting either in person or by proxy.

Proposal 2: The proposal to to ratify the selection of KPMG LLP as Symantec’s independent auditors for the 2006 fiscal year has been approved by a vote of at least a majority of the voting power of the Symantec shares represented at this meeting either in person or by proxy.

Adjournment of Annual Meeting JOHN W. THOMPSON: This ends the formal portion of our meeting. There being

no further business to come before the meeting, this meeting is adjourned.

We will now proceed with the corporate presentation, which will be followed by a question and answer period. After the question and answer period, several of our officers and I will remain available to answer any additional questions you may have. Thank you for attending our 2005 Annual Meeting of Stockholders.