Good day, welcome to the Adicet Bio Inc. 2026 annual meeting of stockholders. I would now like to turn the conference over to Chen Schor to proceed with the annual meeting of stockholders. Mr. Schor, please go ahead.
Good afternoon, everyone. My name is Chen Schor, President and Chief Executive Officer of Adicet Bio Inc. The meeting is now called to order. I've asked Nick Harvey, the corporation's Chief Financial Officer, to act as Secretary of this meeting and to record the minutes. It is a pleasure to welcome our stockholders to the annual meeting of Adicet Bio Inc. This meeting is being held in accordance with the corporation's bylaws and Delaware law. We'll take care of the formal business at hand, which is described in our notice and proxy statement, a copy of which was mailed on or about April 29, 2026, to all of our stockholders of record at the close of business on April 21, 2026. During this meeting, all discussion will be limited to the official business at hand.
Before proceeding to the formal business, I would like to recognize the additional directors of the corporation who are with us today. Dr. Jeffrey Chodakewitz, Steve Dubin, Michael Grissinger, Dr. Lloyd Klickstein, Katie Peng, and Dr. Andrew Sinclair. I'd also like to welcome the members of our executive team and representatives from KPMG LLP, the corporation's audit firm, and representatives from Goodwin Procter LLP, the corporation's outside counsel. Let's proceed to the formal business of the meeting. Notice of which was sent to all stockholders of record as of the close of business on April 21st, 2026. Stockholders of record on that date are entitled to vote at this meeting. Rules of conduct for the meeting are available in the Meeting Materials section in the lower right-hand corner of the screen.
Please note that only stockholders who have logged in using their 16-digit control number will be able to vote and ask questions at the meeting. If you have any questions, I would encourage you to please submit them now so they will be in the queue to be answered. If any stockholder wishes to address the chairman during the formal part of this meeting, please do so by submitting your question in writing through the virtual meeting platform via the link provided. In accordance with our rules for conduct at this meeting, only questions and statements relating to the specific agenda items on which stockholders are entitled to vote may be asked. The Board of Director has appointed Jim Alden, an independent Inspector of Election, designated by Broadridge Financial Solutions, Inc. to act as Inspector of Election for this annual meeting, and he will tabulate the voting results.
The Inspector of Election has signed the oath of his office, which will be filed with the minutes of this meeting. Mr. Alden, do we have a quorum present?
Mr. Schor, of the 9,598,201 shares of common stock entitled to vote at the meeting, 6,746,169 shares are represented either in person or by proxy, and therefore, a quorum is present.
I declare that a quorum is present. We may now proceed to transact the business for which this meeting has been called. Let me briefly describe the voting procedure. If you have previously turned in your proxy and you do not intend to change your vote, it is not necessary that you complete another proxy or ballot. Your vote will be counted. If you are eligible to vote and have not submitted your proxy, or if you want to change your vote, you may do so by clicking the link provided through the virtual meeting platform. In order to allow stockholders to vote through the virtual meeting platform at any time during this meeting, I now declare the polls open for voting. It is now 5:07 P.M. on June 17, 2026. Our first item of business is the election of directors.
At this meeting, we will be voting on three nominees for Class II directors to serve for a term of three years, all as set forth in the proxy statement. In accordance with the bylaws, your directors have nominated Jeffrey Chodakewitz, Steve Dubin, and Michael Grissinger to be elected to serve as Class II directors. The corporation's bylaws require that a stockholder provide advance notice to the corporation of a stockholder intent to nominate persons as directors. No such notice was received. Accordingly, I declare the nomination for directors is closed. The Board of Directors unanimously recommends that the stockholders vote in favor of this proposal. The second item of business is a non-binding advisory vote to approve the compensation of the corporation's named executive officers as described in the proxy statement. The Board of Directors unanimously recommends that stockholders vote in favor of this proposal.
The third item of business is the ratification of the appointment of KPMG LLP as the corporation's independent registered public accounting firm for the fiscal year ending December 31st, 2026. The audit committee of the Board of Directors, which is comprised entirely of independent directors, appointed KPMG LLP as the corporation's independent registered public accounting firm to audit the corporation's financial statements for the fiscal year ending December 31st, 2026. The Board of Directors approved the selection of KPMG LLP and has asked the shareholders to ratify the selection. Stockholders' ratification is not required by the corporation's bylaws. However, the Board of Directors is submitting this to the stockholders for ratification as a matter of good corporate governance. If the stockholders do not approve the selection of KPMG LLP as the corporation's independent registered public accounting firm, the Board of Directors and the audit committee will reconsider the appointment.
We'll now pause to address any questions concerning the matters to be voted upon. As we have not received any questions, we will move on to the voting. Anyone who has not yet voted and desires to do so, please do so now through the virtual meeting platform. It is now 5:10 P.M. on June 17th, 2026, and the polls for each matter to be voted on at this meeting are now closed. No additional ballots, proxies, or votes, and no changes or revocation will be accepted. Inspector of Election, please report on the results of the voting.
With regard to proposal one, a plurality of the shares present or represented and entitled to vote has been voted in favor of the election of the persons nominated. With regard to proposal two, a majority of the votes properly cast have been voted in favor of the compensation of the corporation's named executive officers on a non-binding advisory basis. With regard to proposal three, a majority of the votes properly cast have been voted in favor of the ratification of KPMG LLP as the corporation's independent registered accounting firm for the fiscal year ending December 31st, 2026.
Thank you, Mr. Alden. I declare that all the proposals presented at the meeting have been ratified or approved by the stockholders. The final results of voting, including any ballots and proxies recorded during this meeting, will be set forth in the report of the Inspector of Election and will be included in the minutes of the meeting. The final results will also be included in our reports filed with the SEC. There being no other matters for consideration in this meeting, I hereby adjourn this meeting.
This concludes today's meeting. Thank you for attending. You may now disconnect and have a wonderful rest of your day.