Good afternoon. I'm Mark Wendland, Chief Executive Officer and Chairman of the Board of Directors of Canton Strategic Holdings. It is my pleasure to welcome all of you to the 2026 Annual Meeting of Stockholders. It is now 2:00 P.M. Eastern Time. The annual meeting will now come to order. At this time, I would like to introduce some of the other members of the board of directors who are in attendance remotely. We also have a number of company officers present, Jacob Asbury, our Chief Financial Officer, Angela Radkowski, our Chief Operating Officer, and Mark Toomey, our President. Lastly, Francis H. Burd from Carideo Group Incorporated is also in attendance. This annual meeting was called by our board of directors.
The board of directors fixed June 16th, 2026, as the record date for the holders of our common stock entitled to receive notice of and to vote at this meeting. An agenda that outlines the order of business for this meeting has been posted on virtualshareholdermeeting.com/cntn2026. The holders of our common stock present at this meeting are voting on the following matters. Proposal No. 1, the election of seven directors to hold office until the 2027 annual meeting of stockholders. Proposal 2, the ratification of the appointment of Rosenberg Rich Baker Berman as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2026. Jacob Asbury, our Chief Financial Officer, will serve as secretary of the meeting and record the proceedings.
The secretary has delivered an affidavit of Pacific Stock Transfer, Inc., our transfer agent, as to the mailing of the notice of this meeting, which states that on or about June 25th, 2026, notice of the meeting, together with the notice of internet availability of proxy materials, was mailed to all stockholders of record as of the close of business on June 16th, 2026, the record date for the meeting. This affidavit is available if any stockholder wishes to examine it and will be filed with the minutes of this meeting. I hereby appoint Francis H. Burd as the Inspector of Election for the meeting and any adjournment or postponement of this meeting. The Inspector has signed the oath of inspection of election, which will be filed with the minutes of this meeting.
The Inspector has the stockholder list of the company as of close of business on June 16th, 2026, the record date for determining stockholders eligible to vote at the meeting, which shows the stockholders and their respective number if any stockholder wishes to examine it and will be filed with the minutes of this meeting. Jacob Asbury will now discuss the procedures for transacting the business of the meeting.
Thanks, Mark. The number of shares, as reported by the Inspector of Election, issued and outstanding as of the record date, June 16, 2026, is 77,122,584 shares of our common stock. Under Delaware corporate law and our bylaws, to constitute a quorum, one-third of the shares entitled to vote as of the record date must be represented at this meeting. The number of shares represented at this meeting or by proxy is at least one-third of outstanding shares. Therefore, a quorum is present. As stated in the rules of conduct, which were posted on www.virtualshareholdermeeting.com/cntn2026, we will adhere to certain procedures in fairness to all stockholders in attendance and to assure an orderly and constructive meeting. This meeting will follow the order of business described in the agenda. Shareholders may submit questions online.
Following the annual meeting, we will post answers to appropriate questions received as indicated in the rules of conduct on our website.
Thank you, Jacob. As Jacob Asbury has confirmed that a quorum is present, I declare the meeting duly and lawfully convened. The meeting is now open and ready for business. We will now turn to the business of the annual meeting by presenting the proposals described in the notice of annual meeting and our proxy statement. We will open the polls for voting after all items have been presented. Note that only stockholders who follow the instructions present in the proxy statement or rules of conduct for the meeting will be able to vote during the meeting. The first matter on our agenda today is the approval of Proposal 1 set forth in our proxy statement.
The election of seven directors to hold office until the 2027 annual meeting of stockholders or until their respective successors are duly elected and qualified. The candidates nominated by the company's Nominating and Corporate Governance Committee are Mark Wendland, Clay Kahler, Jill E. Sommers, William Wiley, Sean Galvin, Pamela Carter, and Rishi Nangalia. In accordance with Section 2.5 of the company's bylaws, stockholders are required to provide advance notice of their intent to nominate candidates for directors. No such notice was received. Therefore, I declare the nominations for directors closed, and the board of directors' nominees are the only nominees standing for election today. The board of directors unanimously recommends the election of each of the seven nominees. We will now proceed to the next item of business, Proposal 2.
Second matter of the agenda today is the approval of Proposal 2 set forth in our proxy statement to ratify the appointment of Rosenberg Rich Baker Berman, RRBB, as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2026. The appointment of RRBB is discussed in the proxy statement that was made available to you. The Board of Directors unanimously recommends the ratification of the appointment of RRBB as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2026. We can now proceed with the voting on each of the proposals. The proposals to be voted on at this meeting are each explained in detail. The Board of Directors has recommended a vote for each proposal.
With respect to Proposal 1, a plurality of the votes cast by the stockholders present in person or by proxy at this meeting and entitled to vote on the matter must be cast in favor of each Director Nominee for each nominee to be elected as a director. With respect to Proposal 2, a majority of the votes cast by the stockholders present in person or by proxy at this meeting and entitled to vote thereon must be cast in favor of the ratification of the appointment of RRBB as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2026 for Proposal 2 to pass. The polls are now open, and we will proceed with the vote. Shareholders who have voted by mailed proxy do not need to vote again unless they wish to change their vote.
Voting is by proxy and by ballot. If you wish to vote, please do so now.
While the Inspector of Election is tabulating the votes, we would like to remind shareholders you can ask general questions via the website. If you wish to ask a question, please type the following into the submit question box on this web portal. One, your name. Two, whether you are a stockholder or proxy holder, and if you are a proxy holder, please state the name of the stockholder that gave you the proxy. Number three, ask your question. Following the annual meeting, we will post answers to appropriate questions received as indicated in the rules of conduct on our website. Each stockholder may ask one question. Please keep your questions brief. We will now pause to provide stockholders the time to ask questions via the web portal.
T he time is now 2:08 P.M. Eastern Time, and the polls are now closed for voting.
I've been advised that the Inspector of Election has completed the preliminary vote count, and the preliminary report of the Inspector of Election has been delivered to the company. The Inspector of Election has informed me that each Director Nominee has received a plurality of the votes cast. Based on these preliminary results, I hereby declare that each Director Nominee has been duly elected. The Inspector of Election has also informed me that the appointment of the independent registered public accounting firm has received a majority of the votes cast. Based on these preliminary results, I hereby declare that the appointment of Rosenberg Rich Baker Berman as the company's independent registered public accounting firm for the year ending December thirty-first, 2026, has been ratified.
As these proposals were the only business of this formal part of the annual meeting, and you now have heard the preliminary results of the voting, the business of the meeting has now concluded, and I will declare the annual meeting adjourned. With that, ladies and gentlemen, this concludes our annual meeting. I want to thank you for attending and for your interest in the affairs of Canton Strategic Holdings. We can now conclude the call. The meeting has now concluded. Thank you for joining, and have a pleasant day.