Good afternoon, and welcome to the Cibus 2026 Annual Meeting of Stockholders. Please note that this event is being webcast. I would now like to introduce Jason Stokes, the company's corporate secretary, who will be presiding over today's meeting on behalf of Mark Finn, the company's chairman of the board. Mr. Stokes, please go ahead.
Thank you, Drew. I am Jason Stokes. I'll be presiding over and acting as secretary for today's meeting. On behalf of Mark Finn, the company's chairman, and our entire board, I welcome everyone and thank you all for joining our 2026 annual meeting of stockholders. We are pleased to hold our annual stockholders meeting virtually as we aim to increase access and participation. In addition to myself, we have with us today several members of the company's board of directors and management team, including Mark Finn, again, our chairman of the board, Peter Beetham, who's a director and our Interim Chief Executive Officer, Carlo Broos, our Chief Financial Officer. Please note that the meeting today is being recorded, and a webcast replay will be available online following today's meeting. No other recording of this meeting is permitted.
Stockholders may submit questions at any time during this meeting through the web portal, with a limit of two questions per stockholder. We have allotted a certain amount of time after the formal business portion of the meeting to respond to questions. Only questions that are pertinent to the meeting matters will be answered during the meeting, subject to time constraints. If we are unable to respond to a properly submitted and pertinent question due to time constraints, we will respond directly to the relevant stockholder using the contact information that has been provided. We have appointed Christopher J. Woods of American Election Services to act as the inspector of elections today. He has executed an oath of office to carry out his duties with impartiality and to the best of his ability, and he will examine and tabulate the proxies and votes cast at this meeting.
Representatives from BDO, our independent registered public accounting firm, are also in attendance today. Our board of directors fixed April 6th, 2026, as the record date for determining stockholders entitled to vote at this meeting. I have an affidavit of distribution from Broadridge Financial Solutions confirming that the notice of this meeting and the proxy materials related to this meeting were first mailed to stockholders of record determined as of the close of business on the record date starting on April 20th, 2026. In accordance with Delaware law, a complete list of stockholders entitled to vote at this meeting has been made available for examination by stockholders for at least 10 days prior to this meeting and will be available online for the duration of this meeting.
Mr. Woods reports that the holders of a majority in voting power of the shares of Cibus common stock issued and outstanding as of the record date are present at this meeting, either virtually or by proxy, which constitutes a quorum. Therefore, Mr. Chairman, today's meeting has been duly convened and the business of the meeting may now proceed. The polls are now open at 10:03 A.M. Pacific Time on June 2nd, 2026, for each matter to be voted on at this meeting. If any stockholders have not yet voted or wish to change their vote, please click on the voting button in the web portal and follow the instructions. If you have already sent in a proxy or voted online or by phone and do not wish to change your vote, no further action is needed. There are three proposals to be considered and voted upon by our stockholders.
Each of these proposals is more fully described in our definitive proxy statement filed with the Securities and Exchange Commission on April 20th, 2026. The first proposal is to elect nine directors to serve on our Board of Directors until the next annual meeting of stockholders and until their successor has been elected and qualified or until their earlier death, resignation, or removal. The Board has nominated nine incumbent directors for re-election as set forth in the proxy statement. No other director nominees have been properly submitted for consideration at this meeting. The Board of Directors recommends voting for the election of each director nominee named in the proxy statement. The second proposal is to approve, on an advisory basis, the compensation of Cibus, Inc.'s named executive officers for the 2025 fiscal year. The Board of Directors recommends voting for this item.
The third proposal is to ratify the appointment by our audit committee of BDO USA, P.C. as our independent registered public accounting firm for the year ending December 31, 2026. The board of directors recommends voting for this item. No other proposals have been properly submitted pursuant to our bylaws or the rules of the Securities and Exchange Commission. No other proposals are being considered. The polls are still open. Voting today is by proxy and online ballot. As previously mentioned, if you already submitted a proxy or voted online or by phone and do not wish to change your vote, no further action is needed at this time. If you have not yet voted or wish to change your vote, you may do so now by clicking on the voting button in the web portal and following the instructions.
If you have not yet submitted a proxy or electronic ballot, you must submit your electronic ballot now for your vote to be counted. There being no substantial questions regarding any of the three proposals, we will pause briefly to allow for any last votes to be cast. Please pause. Okay. In accordance with the meeting procedures, I now declare the polls to be closed at 10:07 A.M. Pacific Time today, June 2nd, 2026. No additional ballots, proxies or votes and no changes or revocations will be accepted. The Inspector of Election has provided the preliminary voting results. Based on these preliminary voting results, the Cibus stockholders have elected each of the nine nominees as directors to serve until the next annual meeting of stockholders and until their successor has been elected and qualified, or until their earlier death, resignation or removal.
The Cibus stockholders have approved on an advisory basis the compensation of our named executive officers, and the Cibus stockholders have ratified the appointment of BDO USA, P.C. as our independent registered public accounting firm for the year ending December 31, 2026. These voting results are preliminary. The final voting results will be set forth in a report of the Inspector of Elections and will be included in the minutes of this meeting. We will also report the final voting results on Form 8-K that we will file with the Securities and Exchange Commission within four business days of today's date. This concludes our planned agenda today, and there is no other formal business before us. I now declare the formal business portion of the meeting adjourned. We will now open the webcast for general Q&A for a brief time.
Please enter your questions where indicated if you haven't already done so. Before we begin, however, I would like to note that responses to questions may include forward-looking statements. Actual results could differ materially from those contemplated by our forward-looking statements. Please take a look at our filings with the Securities and Exchange Commission for a discussion of the factors that could cause our results to differ. Also note that any forward-looking statements are based on information that is available to us as of today's date, and we disclaim any obligation to update such statements except as required by law. We have been monitoring the questions submitted by stockholders prior to and during the meeting and have not received any questions that are pertinent to the meeting. Therefore, having received no pertinent questions, this concludes our Q&A session. Thank you all for joining today's meeting.
We appreciate your interest in Cibus and look forward to your continued support for the year ahead. Thank you.
Thank you for joining us today. Thank you, sir. Thank you for joining us today. You may now disconnect your lines.