Hello, welcome to the annual meeting of stockholders of Biofrontera Inc.. Please note that today's meeting is being recorded. A copy of the agenda and the rules of conduct for the meeting are available on the virtual meeting website. Please also note that recording of this meeting, other than by the company, is prohibited. During the meeting, stockholders and proxy holders can submit questions or comments at any time by clicking on the Q&A tab. Only stockholders who have logged into the meeting with their 16-digit control numbers will have the opportunity to ask questions using the online application. All questions must be relevant to the meeting and pertinent to matters properly before the meeting in accordance with the rules of conduct for the meeting. It is now my pleasure to turn today's meeting over to Professor Hermann Lübbert, Chief Executive Officer and Chairman of Biofrontera Inc..
Mr. Lübbert, the floor is yours.
Thank you. Good morning. I'm Hermann Lübbert, Chief Executive Officer and Chairman of Biofrontera Inc., and will be presiding over today's meeting of stockholders. On behalf of the company, I want to welcome you to this annual meeting of stockholders, which is now formally called to order. We are very pleased to have each of you in attendance today. I would like to take this opportunity to introduce the directors of the company in attendance via remote communication. With us today from our board of directors are John Borer, Beth Hoffman, and Heikki Lanckriet.
Also present here today is Fred Leffler, our Chief Financial Officer, George Jones, our Chief Commercial Officer, Michael Cohen and Christopher Casolaro, both of CBIZ CPAs, and our independent auditors, Robert Lamb and Christopher Seifter, both of Gunster, Yoakley & Stewart, our legal counsel, Dan Haakenson, our Corporate Counsel, who will serve as Secretary of the meeting, and Gary Beaver of Computershare, who will serve as Inspector of Elections of the meeting. Mr. Beaver has previously taken an oath as Inspector of Elections, and a copy of that oath will be filed with the minutes of this meeting. Our order of business this morning will be to hear the proposals to be considered, collect the votes, and then review a preliminary report from the Inspector of Elections about the results. We will address questions regarding each of the proposals after all proposals have been presented.
Computershare has delivered an affidavit of mailing, attesting as to the mailing on May 1st, 2026, of the notice of the meeting and the proxy card to each stockholder of record of capital stock of the company as of the close of business on April 21, 2026, the record date for the meeting. A copy of that affidavit will be attached to the minutes of the meeting. As of the record date, there were 16,750,083 eligible votes to be cast at this meeting. We have been informed by the Inspector of Elections that there have been at least 11,630,133 votes cast, or approximately 69.4% of the total eligible votes. This represents more than one-third of the voting power of all issued and outstanding shares of stock entitled to vote on the record date. This meeting has been duly called and a quorum is present.
We will now proceed with the formal business of our meeting. In accordance with Delaware law, the polls for all matters upon which a vote will be taken shall open at the present time and shall close after the presentation of all proposals set forth in our proxy statement filed with the Securities and Exchange Commission on April 30th, 2026, and the completion of all discussions on these proposals. Only business brought before this meeting by or at the direction of our board of directors or properly brought by a stockholder may be considered. The only items of business properly noticed and brought before this meeting by the board are the following three proposals to be voted on by the stockholders, each of which is more fully described in the proxy statement previously mentioned.
One, the first proposal is the election of Beth Hoffman and Kevin Weber as Class II directors to serve until the 2029 annual meeting of stockholders and until either of his or her successors have been elected and qualified, or until his or her earlier death, resignation, or removal. Two, the second proposal is to approve an amendment and restatement of the company's 2021 Omnibus Incentive Plan to, in part, increase the number of shares of the company's common stock authorized for issuance thereunder by 5 million shares from 3,750,000 shares to 8,750,000 shares. The third proposal is to ratify the appointment of CBIZ CPAs, P.C.
as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. All stockholders of record as of April 21, 2026, who are registered holders with Computershare or who have submitted to Computershare a legal proxy from their broker or bank, are entitled to vote at this virtual meeting and have the ability to do so online. If there is any such stockholder who has not voted by proxy and now wants to vote, or who has previously voted by proxy but now wants to change that vote, you may now vote online by following the instructions available on the virtual meeting website. If you have already sent in your proxy card or otherwise voted over the internet or by phone and do not want to change your vote, you do not need to do anything now.
We will now address any proper business relating to these proposals. If you have a question specific to the proposals being voted on, please submit it by selecting the Q&A icon on the virtual meeting website and typing your question into the chat box that appears on the screen. Per the rules of conduct, each stockholder shall be limited to a total of two questions during the meeting, regardless of topic. I have received no questions, and at this time, 10:09 A.M., I'm going to officially close the polls. I want to thank everyone for your participation. I'll now ask the Inspector of Elections to provide a preliminary report on the vote. Any votes cast during this virtual meeting before the polls closed but not reflected in the preliminary report will be reflected in the final report of the Inspector, which will be included in the minutes of the meeting.
We have been informed by the Inspector of Elections that the preliminary vote report shows, one, that Beth Hoffman and Kevin Weber have been elected as Class II directors. Two, that the amendment and restatement of the 2021 Omnibus Incentive Plan has been approved. Finally, three, that the proposal to ratify the appointment of CBIZ CPAs, P.C. as the company's independent registered public accounting firm for the year ending December 31, 2026, has been approved. As required by SEC rules, we will publish final voting results in a current form report on Form 8-K. There being no further questions or business to come before the meeting, the annual meeting of stockholders of Biofrontera Inc. is now adjourned. We thank you for your attendance today and continued support. Thank you, and have a great day.
This concludes the meeting. You may now disconnect.