Ladies and gentlemen, welcome to the annual and special meeting of shareholders of Wheaton Precious Metals Corp. Please note that this meeting will be recorded. I would like to introduce Mr. Haytham Hodaly, President and CEO of the company. Mr. Hodaly, the floor is yours.
Thank you, operator. Good morning, ladies and gentlemen. Welcome to the annual and special meeting of the shareholders of Wheaton Precious Metals Corp. The meeting will now come to order. It is an honor to chair my first annual meeting as President and Chief Executive Officer of the company. I'd like to thank our shareholders and Board of Directors for their confidence in Wheaton for joining us today. The Board recognizes the importance of in-person engagement with its shareholders, as well as the value of enabling virtual participation for Wheaton's wider stakeholder base, including shareholders, employees, and the community. As a result, Wheaton has once again adopted a hybrid meeting format, combining a virtual online platform and an in-person meeting. I am pleased to welcome shareholders joining us today, both in person and online. We appreciate your participation in the meeting.
Please note that following the formal part of our meeting, there will be an opportunity for questions. For those attending, please input your questions through the virtual meeting platform. Let us now proceed with the business of the meeting. For the purpose of this meeting, Wheaton Precious Metals has appointed Heather Conran on behalf of Odyssey Trust Company to act as scrutineers. Curt Bernardi, the Executive Vice President of Strategy and General Counsel 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 13th, 2026, in accordance with applicable law.
Odyssey 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 proxy holder who is attending in person at the meeting, you should have received a ballot on white paper and a ballot on green paper upon checking in with Odyssey Trust Company. If you are a registered shareholder or proxy holder and do not have these ballots, please raise your hand. If you're a registered shareholder or proxy holder attending the meeting through the virtual meeting platform, you will not require the ballots but will instead re-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 2 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, 2025.
Copies of the financial statements were mailed to those shareholders who requested to receive copies of them in accordance with applicable law. Unless there's any objection, I do not propose to read the financial statements. The next item of business is the election of directors, pardon me, 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 election to the board at this meeting are the management nominees.
Management nominates George Brack, Jaimie Donovan, Chantal Gosselin, Haytham Hodaly, Jeane Hull, Glenn Ives, Charles Jeannes, Marilyn Schonberner, Randy Smallwood, and Srinivasan Venkatakrishnan as directors for the ensuing year until the 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 a 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 momentarily 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, Jaimie Donovan, Chantal Gosselin, Haytham Hodaly, Jeane Hull, Glenn Ives, Charles 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 for the board to fix their remuneration. I ask that someone move and someone second the following resolution. 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 the shareholders or until successors are appointed at such remuneration as may be fixed by the directors and the directors to be, and they are hereby authorized to fix such remuneration. Will someone move the resolution?
I so move.
Will someone second the motion?
I 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 momentarily to allow for online and in-person voting. Contrary, if any?
I declare the resolution carried.
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 94 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. Resolved that on an advisory basis, and not to diminish the role and responsibilities of the board, that the shareholders accept the board's approach to executive compensation disclosed under the section entitled Statement of Executive Compensation in the Management Information Circular delivered in advance of the meeting. Will someone move the resolution?
I so move.
Will someone second the motion?
I 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 it by raising your hand. I will now pause momentarily to allow for online and in-person voting. Contrary, if any?
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 momentarily to allow for online and in-person voting. At this time, I would ask the operator, please close the polls on our virtual meeting platform. Is there any further business? I ask that someone move and someone second a resolution that this meeting now terminates.
I so move.
Will someone second the motion?
I second the 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 pause momentarily to give shareholders a moment to input questions through the virtual meeting platform.
We have no questions on the platform.
As we have no further questions, that concludes our meeting today. On behalf of the board and management, I'd like to thank our shareholders for attending and participating in our meeting today and for your continued support. With a high-quality portfolio, a sector-leading growth profile, and strong corporate development momentum, Wheaton is well positioned for the years ahead. I'm proud to step into this role at such an important time for the company, and I look forward to working with our board, our team, and our shareholders as we continue to build long-term value. Thank you. This meeting is now adjourned.