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Cabot's CEO Hosts Annual Meeting Of Stockholders (Transcript)

Cabot Corporation ( CBT)

Annual Meeting of Stockholders Call

March 8, 2012 16:00 ET


Jack O'Brien – Non-Executive Chairman of the Board

Patrick Prevost – President and Chief Executive Officer


Jack O'Brien – Non-Executive Chairman of the Board

Well, that's a good way to get your attention. Good afternoon everybody. I am Jack O'Brien, Non-Executive Chairman of the Board of Cabot Corporation and I am pleased to welcome you to the Cabot Corporation 2012 Annual Meeting of Shareholders. I hereby now call the meeting to order.

I would like to begin today's meeting by introducing the other members of the Board of Directors. Will each director please stand briefly as he or she is introduced. John Clarkeson, Juan Enriquez-Cabot, Gautam Kaji, Roderick MacLeod, Henry McCance, John McGillicuddy, Patrick Prevost, Sue Rataj, Ronaldo Schmitz, Lydia Thomas, and Mark Wrighton. Thank you.

We are also joined this afternoon by several former directors. I hope they are all here. I was told they were here, John Bradley, Ken Burnes, John G.L. Cabot, Sam Coco, and Arthur Goldstein. Thank you all for joining us again today. Also present today are representatives of Deloitte & Touche, the company’s independent auditors for fiscal year 2011. They will be available to respond to appropriate questions for the 2001 fiscal year during the question-and-answer period at the end of the program.

I will now turn to the business of the meeting. Jane Bell, Secretary of the Corporation is the keeping the minutes of today's meeting. Ms. Bell informs me that the notice of this meeting was duly and properly mailed and that a quorum is present. We will now open the polls to conduct the business of the meeting. There are four items of business before us this afternoon. They are the election of directors, the approval on an advisory basis of the compensation of Cabot's named executive officers as disclosed in the proxy statement for this meeting, the approval of an amendment to the Cabot Corporation 2009 long-term incentive plan to increase the number of shares available for issuance under that plan, and the ratification of the appointment of Deloitte & Touche as Cabot's independent registered public accounting firm for fiscal year 2012.

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