Randy Smallwood, President and CEO of the company. Mr. Smallwood, the floor is yours.
Thank you, Operator, and good morning, ladies and gentlemen, and welcome to the annual and special meeting of the shareholders of Wheaton Precious Metals Corp. The meeting will now come to order. My name is Randy Smallwood, and I am the President and Chief Executive Officer of the company, and I will chair this meeting. Before we begin the meeting, I would like to take a moment to honor founding board member Peter Gillin, who passed away last week. As our longest-serving director, Peter played a pivotal role in shaping Wheaton into the company that it is today. His unwavering integrity, strategic vision, and deep commitment left a lasting impact on all of us. More than a respected leader, Peter was a trusted colleague and a dear friend.
On behalf of the board of directors, management, and staff, we extend our heartfelt condolences to Peter's family and loved ones during this difficult time. I would like to acknowledge that this meeting is taking place on the shared traditional and ancestral territory of the Musqueam, Squamish, and Tsleil-Waututh First Nations, but would also like to acknowledge that many of you are joining us today from places near and far and acknowledge the traditional owners and caretakers of those lands. The board recognizes the importance of in-person engagement with its shareholders, as well as the value of allowing Wheaton shareholders, employees, and community to attend our meetings virtually. As a result, Wheaton has once again adopted an online virtual meeting platform, and we have encouraged all of our shareholders to participate in the meeting using this online platform.
I am happy to welcome our shareholders that are joining us this meeting today in person and through the virtual meeting platform. We are excited to have your participation in this meeting. Please note that following the formal part of our meeting, there will be an opportunity for questions. For those attending online, please input your questions through the virtual meeting platform. Let us now proceed with the business of this meeting. For the purposes of this meeting, Wheaton Precious Metals has appointed Deanna Guilfoyle and Katie Sui on behalf of the TSX Trust Company to act as scrutineers. Curt Bernardi, the Senior Vice President, Legal and Strategic Development of the company, will act as Secretary for this meeting.
I have been advised that the notice calling this meeting, together with notice and access notification and the form of proxy, were mailed to shareholders of record as of March 14, 2025, in accordance with applicable law. TSX Trust Company has filed with me proof of service of such mailing, and I direct that a copy of such proof of service be annexed to the minutes of this meeting as a schedule. The scrutineers have also advised me that prior to the meeting, proxies were received from the holders of a sufficient number of common shares to constitute a quorum. I therefore declare the meeting to be regularly called and properly constituted for the transaction of business. I direct that the formal report of the scrutineers be annexed to the minutes of this meeting as a schedule.
I would like to take a moment to comment on the voting procedures to be used at today's meeting. Voting for the directors of the company and the company's approach to executive compensation will proceed by way of ballot. Otherwise, voting will proceed by way of a show of hands and voting through the virtual meeting platform. If you are a registered shareholder or a proxy holder who is attending in person at the meeting, you should have received a ballot on a white paper and a ballot on a green paper upon checking in with your TSX Trust Company. If you are a registered shareholder or proxy holder and do not have these ballots, please raise your hands.
If you are a registered shareholder or proxy holder attending the meeting through the virtual meeting platform, you will not require the ballots but will instead record your votes through the meeting platform. There will be a short pause on each matter to allow registered shareholders and proxy holders to record their votes. With respect to each matter to be considered at today's meeting, I will ask for a motion and a second. Only registered shareholders or duly appointed proxy holders can make or second a motion or address the meeting with respect to a pending motion. Once a matter has been seconded, I will ask for discussion as to the pending matter.
In order to allow for timely and orderly consideration of the business to come before today's meeting, each registered shareholder or duly appointed proxy holder wishing to speak as to a pending motion will be allocated two minutes to present their position. At this time, I would ask the Operator to open the polls on our virtual meeting platform. As the first item of business of this meeting, I now present to the meeting the company's financial statements as at and for the year ended December 31st, 2024. Copies of the financial statements were mailed to those shareholders who requested to receive copies of them in accordance with the applicable law. Unless there are any objections, I do not propose to read them to the meeting.
The next item of business is the election of directors by the company's shareholders to hold office until the close of the first annual meeting of shareholders following such election or until their successors are elected or appointed. The company's bylaws include an advance notice requirement for the nomination of directors by shareholders in certain circumstances. The company did not receive notice of any director nominations in connection with the meeting. Accordingly, the only persons eligible to be nominated for the election to the board at this meeting are the management nominees. Management nominates George Brack, Jamie Donovan, Chantal Gosselin, Charle Jeannes, Glen Ives, Charles Jeannes, Marilyn Schonberner, Randy Smallwood, and Srinivasan Venkatakrishnan as directors for the ensuing year or until their successors are elected or appointed. I declare the nominations closed.
As a result of the company's majority voting policy, it is necessary to vote by ballot for the election of each director. I therefore direct that a poll be taken. Each shareholder or proxy nominee should record your vote in respect of the election of each director nominee. If you are participating in the meeting through the virtual meeting platform, please record your vote now. For those registered shareholders and proxy nominees here in person, please record your vote by marking the appropriate box beside each director's name and by signing and printing your name on the white ballot. Once you have done so, please raise your hand, and the ballot will be collected from you. I will now pause for approximately 30 seconds to allow for online and in-person voting.
I have been advised by the scrutineers that the proxies deposited for the meeting have overwhelmingly voted for the election of each of the directors. Therefore, I declare George Brack, Jamie Donovan, Chantal Gosselin, Jodie Hoadley, Glen Ives, Charle Jeannes, Marilyn Schonberner, Randy Smallwood, and Srinivasan Venkatakrishnan to be elected as your board of directors to serve in that capacity until the company's next annual general meeting or until their successors are elected or appointed. Rather than hold up the business of this meeting for the final tabulation of votes cast, I direct that the results of the poll for the election of the directors be included with the minutes of this meeting and filed with the applicable securities regulators. The next item of business is the appointment of auditors for the ensuing year and the authorization of the board to fix their remuneration.
I ask that someone move and someone second the following resolution. Be it resolved that Deloitte LLP, Independent Registered Public Accounting Firm, be and they are hereby appointed as auditors of the company to hold office until the close of the next annual general meeting of shareholders or until their successors are appointed as such remuneration may be fixed by the directors and the directors be and they are hereby authorized to fix such remuneration. Will someone please move the resolution?
I so move.
Thank you. Will someone second the motion? I will second the motion. Any discussion? If you are participating in the meeting through the virtual meeting platform, please record your vote now. For those registered shareholders and proxy nominees here in person and in favor of the resolution, please so signify by raising your hand. I will now pause for approximately 30 seconds to allow for online and in-person voting. Contrary, if any? I declare the resolution carried. The next item of business is the approval of the company's approach to executive compensation, as more particularly described in the management information circular. The resolution to approve the company's approach to executive compensation is set out on page 99 of the management information circular.
In order to be effective, this resolution must be approved by the affirmative vote of not less than a majority of the votes cast at this meeting on a show of hands. I ask that someone move and someone second the following resolution. I'm advised by the scrutineers that over 5% of the shares already voted by proxy were voted against the resolution to approve the company's approach to executive compensation as set out on page 99 of the management information circular. So we will proceed to vote by way of ballot. Each shareholder or proxy nominee should record your vote in respect of the company's approach to executive compensation. If you are participating in the meeting through the virtual meeting platform, please record your vote now.
For those registered shareholders and proxy nominees here in person, please record your vote by marking the appropriate box and by signing and printing your name on the green ballot. Once you have completed your ballot, please raise your hand, and the ballot will be collected from you. I will now pause for approximately 30 seconds to allow for online and in-person voting. I have been advised by the scrutineers that the proxies deposited for the meeting have been voted for the confirmation of the company's approach to executive compensation. As sufficient votes have been cast in favor of this resolution, I declare the resolution carried. Rather than hold up the business of the meeting for the final tabulation of votes cast, I direct that the results of the poll be included with the minutes of this meeting and filed with the applicable securities regulators.
Before proceeding with the termination of the formal part of this meeting, I would ask all shareholders and registered proxy holders to please take a moment to ensure that you have inputted your votes into the virtual meeting platform before online balloting is closed. I will now pause for approximately 30 seconds to allow for online and in-person voting. At this time, I would ask the Operator to please close the polls on our virtual meeting platform. Is there any further business? I ask that someone move and someone second the resolution that this meeting now terminate.
I so move.
Will someone second that motion? I, in fact, will second that motion. I declare that the formal portion of this meeting is now terminated. We will now proceed to answer any questions received through the virtual meeting platform. We will now pause for 30 seconds to give shareholders a moment to input questions through the virtual meeting platform.
We have no further questions from shareholders.
As we have no further questions, that concludes our meeting today. On behalf of everyone here at Wheaton, I'd like to take a moment to thank all of our shareholders for attending and participating in our meeting today and for your continued support. In this environment of record gold prices combined with Wheaton's high-quality portfolio of assets, sector-leading growth profile, and strong corporate development momentum, we have never been in a better position than now. I look forward to continuing this journey of achievement together with you, and I thank you for your support.
Thank you, everyone, for joining today's meeting. You may now disconnect.