Good morning, and welcome to Bausch + Lomb Corporation's 2026 annual meeting of shareholders. I'm Brent Saunders, Chairman and Chief Executive Officer, and I will chair the meeting. With us are members of the board and management and a representative of our auditor, PricewaterhouseCoopers. Bob Bailey, our Executive Vice President and Chief Legal Officer, is serving as secretary. Bob, please confirm that notice was given and a quorum is present.
Thank you, Brent. Notice of this meeting and the proxy statement were distributed on April 10, 2026, to shareholders of record as of March 23, 2026. We've appointed Andrew Wilcox as the Independent Inspector of Election. Based on a share count as of the record date, at least 33 1/3% of the company's outstanding voting shares are represented by person or by proxy, constituting a quorum under the company's bylaws.
Great. I will now call the meeting to order.
Shareholders will vote on four proposals. Questions may be submitted through the webcast Q&A field and will be addressed as appropriate after the proposals are presented. The polls are open. Eligible shareholders and duly appointed proxy holders who haven't voted or wish to change a vote may vote by selecting the Voting button in the web portal. If you've already voted by proxy card, telephone, or internet, no action is required unless you wish to change your vote. Under the rules of conduct, please limit yourself to one question related to the proposals. We may not be able to address every question. If yours is not addressed, please contact Investor Relations. Recording of this meeting is not permitted. Company's audited consolidated financial statements for the year ended December 31, 2025, and the auditor's report are included in the company's annual report on Form 10-K. I placed them before the meeting.
I will now present the proposals. Proposal one is the election of Directors. The board recommends a vote for each nominee named in the proxy statement. I move that each nominee be elected as Director to serve until the close of the 2027 annual meeting of Shareholders or until a successor is duly elected or appointed or earlier resignation or removal. No other nominations were received. In accordance with applicable law and the company's bylaws, the nominations are closed. Proposal two is a binding advisory vote to approve compensation of any named Executive Officers as described in the proxy statement. The board recommends a vote for this proposal. I move to approve the advisory resolution on named executive officer compensation. Proposal three, as described in the proxy statement, has been withdrawn. No ballot will be held with respect to this proposal.
Proposal four is the appointment of PricewaterhouseCoopers as the company's auditor to serve until the close of the 2027 annual meeting of shareholders and authorization for the board to fix the auditor's remuneration. The Audit and Risk Committee recommends, and the board endorses, a vote for this proposal. I move that PricewaterhouseCoopers be appointed as the company's auditors to serve until the close of the 2027 annual meeting and that the board be authorized to fix the auditor's remuneration.
We'll now address any proper questions submitted regarding the proposals. No questions were received. I will pause briefly to allow eligible shareholders and proxy holders to finish voting. The polls are now closed. The Inspector of Elections has reported that each proposal for which a ballot was held at the meeting has received the required vote and is approved. Final results will be reported in a Form 8-K filed after the meeting.
Thank you, Bob. There being no further discussion, I declare the 2026 Annual Meeting of Shareholders adjourned. Thank you all for joining us today.
Thank you.
The conference has now concluded. Thank you for attending today's presentation, y ou may now disconnect.