Good morning, and welcome to the 2026 Commerce virtual annual meeting of stockholders. I will now turn the meeting over to Commerce CEO Travis Hess.
Hello, everyone, and welcome to the Commerce.com, Inc. 2026 virtual annual meeting of stockholders. We are pleased you are able to join us. I am Travis Hess, the CEO of Commerce, and I now call this meeting to order. We are excited to be hosting this meeting virtually, which allows us to be more inclusive and reach a greater number of our stockholders. Following adjournment of the formal business of this meeting, we will hold a Q&A session. The meeting agenda and rules of conduct are available through the meeting web portal, and I ask that everyone adhere to them so that the meeting can proceed in an orderly fashion. I would now like to introduce the members of our Board of Directors standing for re-election at today's meeting, Donald Clarke and Ellen Siminoff.
We're also joined by fellow directors who are in attendance but not standing for re-election at this meeting. In addition, we have here today a number of the company's executive officers, including Daniel Lentz, Chief Financial Officer and Chief Operating Officer, and Chuck Cassidy, General Counsel. We are also joined today by representatives of Ernst & Young, our independent auditors. Chuck will serve as secretary of the meeting, and I will turn to him with any procedural issues that may arise. Finally, the company has appointed American Election Services to act as Inspector of Elections. Mr. Christopher J. Woods of American Election Services is with us today and has taken the oath of Inspector of Elections. Chuck, can you take us through the report on notice, quorum, and opening of polls?
Thanks, Travis. Good morning. I will serve as the secretary of today's meeting. Appropriate notice of this meeting has been sent to all stockholders of record as of March 19th, 2026, the record date. I have been advised by Mr. Woods, the Inspector of Elections for today's meeting, that holders of approximately 72.81% of our shares outstanding as of the record date and entitled to vote at this meeting are present in person or represented by proxy. Accordingly, we have a quorum. A list of registered stockholders of the company entitled to vote at this meeting is available through the web portal for inspection by any stockholder. Copies of the rules of conduct and agenda are also available. It is May 19th, 2026, at approximately 8:02 A.M. Central Time.
I declare the polls open on all the proposals to be voted on at this meeting as contained in our proxy statement and the meeting notice. These are the only proposals properly before the meeting. Any stockholders who have not yet voted or who wish to change their votes may do so by following the voting instructions available through the web portal. Stockholders who have sent in proxies or voted via telephone or internet and do not want to change their votes do not need to take any further action. I will first present the three proposals to be voted on. Once all proposals have been presented and everyone has had an opportunity to vote, the polls will be closed. We will then have a general question and answer session. If you have a general question or comment, please wait until then to raise it.
The rules of conduct for this meeting are available from within the web portal. Please abide by these rules which are in place so we can properly conduct the formal business of the meeting for the benefit of all our stockholders. We'll now turn to the proposals. If you have already cast your vote by mail, phone, or internet, you don't need to vote again unless you wish to change your vote. Submitting a ballot today through the web portal will revoke any earlier proxies you may have submitted. The first matter to be voted on is the re-election of directors Donald Clark and Ellen Siminoff. Biographical information and the qualifications of each nominee are presented in the proxy statement. The board has unanimously recommended that stockholders vote for the election of each of the director nominees.
The second matter to be voted on is the ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm for fiscal 2026. Pursuant to the recommendation of the audit committee, the board has unanimously recommended that stockholders vote for this proposal. The third matter to be voted on is an advisory vote on the 2025 compensation of our named executive officers. The board has unanimously recommended that stockholders vote for this proposal. At this time, if you have not yet cast a vote and you desire to do so, please complete your vote through the web portal. We'll pause very briefly for folks who may be finishing up their votes. Now that everyone has had an opportunity to vote, I declare the polls closed on all proposals at 8:05 A.M. Central Time.
We will provide you with the preliminary voting results on each of the proposals as soon as they are tabulated. Please give us a moment while our Inspector of Elections tabulates the results. We now have the preliminary voting results from the Inspector of Elections. These results are preliminary. Final voting results will be provided in a Form 8-K that we will file following this meeting. The preliminary voting results show that each of the nominees for election to the board have been duly elected, the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for fiscal 2026 has been ratified, and the stockholders have approved on an advisory basis the 2025 compensation of the company's named executive officers. As there are no further formal business matters to come before the meeting, I hereby declare this annual meeting adjourned.
At this time, we invite any stockholder present who has questions related to the company to submit those questions through the web portal in accordance with the posted rules. Please note that we will only be answering questions that are within the parameters of the posted rules of conduct. We will endeavor to answer all proper questions submitted through the web portal but may not be able to address all submitted questions. Okay, there being no questions, we are ready to wrap it up. We would like to thank you for joining us today. The meeting has concluded.
Thank you all for joining us today. The meeting is now closed.