Day, welcome to the 2026 Centuri Holdings Annual Meeting of Stockholders. I would now like to turn the call over to Chris Brown. Please go ahead.
Thank you, good afternoon, welcome to the 2026 Centuri Holdings Annual Meeting of Stockholders. I'm Chris Brown, President and Chief Executive Officer of Centuri. I've been CEO for nearly a year and a half, I'm extremely pleased with the progress we have made in driving enterprise value. It is my pleasure to welcome you to today's meeting to introduce Centuri's Chair of the Board of Directors, Christopher A. Krummel. Chris.
Thank you, Chris, and welcome, everyone. Thank you for joining us today. I'm pleased to chair the Centuri Board of Directors during this exciting time of company growth. This is our first annual meeting as a fully standalone public company. We are holding this meeting virtually to allow us to reach a greater number of our stockholders. We have stockholders attending via the web portal and the 800 number that we have provided. We will conduct the business portion of our meeting first and answer questions at the end of the meeting. In keeping with the digital approach to this year's meeting, it is now just after 2:00 P.M. Eastern Standard Time on May 19th. This meeting is officially called to order. Now I would like to introduce the members of the Board present today.
I have served as the Chair of the Centuri Board since September 2025. Chris Brown has served as a Director since December 2024. He's currently the President and Chief Executive Officer of Centuri. Steven Nielsen was most recently appointed to the Board in March of this year, and Dustin DeMaria joined the Board in November 2025. Our remaining Directors assumed their roles when Centuri completed its IPO in April 2024. They are Julie Dill, Andrew Evans, Anne Mariucci, Charles Patton, and Karen Haller. Now it is my pleasure to introduce Centuri's Corporate Secretary, Jason Wilcock, who will act as the Secretary for the meeting. I would also like to introduce Andrew Wilcox, a representative from Broadridge, who has taken the oath of Inspector of Elections and will be acting as the Inspector of Elections for the meeting.
I will turn to Jason with any procedural issues that may arise. Jason.
Thank you, Chris. We are also joined here today by Kathleen Hopely, a representative from PricewaterhouseCoopers, LLP, our independent auditors. She will be available during the question and answer session after the meeting to respond to appropriate questions. After the formal meeting has been adjourned, we will provide time for general questions. Only validated stockholders may ask questions in the designated field on the web portal. Out of consideration for others, please limit yourself to one question. Please note that this meeting is being recorded. No one attending via the webcast or telephone is permitted to use any audio recording device. The board of directors fixed the close of business on March 23rd, 2026 as the record date for determining stockholders entitled to vote at this meeting.
An affidavit has been delivered attesting to the fact that notice of this meeting was duly given either by delivery of a Notice of Internet Availability, the proxy statement, and the 2025 annual report to stockholders, or by mailing the documents themselves on or about April 6, 2026 to all stockholders of record as of March 23, 2026. The stockholder list shows that as of the record date, there were 100,844,515 shares of common stock outstanding entitled to this meeting. Each share of common stock is entitled to one vote, and our record indicates there are represented in person or by proxy at this meeting, shares of common stock representing 89,191,565 votes, or approximately 88.44% of the voting power on the record date.
Since this represents more than a majority of the voting power of all issued and outstanding shares of common stock entitled to vote on the record date, a quorum is present for purposes of transacting business. Now I will present the matters to be voted upon.
Please note that we will give stockholders an opportunity to comment on the proposals themselves after all proposals have been presented. Proposal 1 is for election of Christian Brown, Dustin DeMaria, Julie Dill, Andrew Evans, Karen Haller, Christopher A. Krummel, Anne Mariucci, Steven Nielsen, and Charles Patton as directors who will hold office until the next annual meeting of stockholders or until their successors are duly elected and qualified, or until their earlier death, resignation, or removal. Proposal 2 is an advisory, non-binding vote regarding the compensation of our named executives. Proposal three is to approve the Centuri Employee Stock Purchase Plan.
Proposal four is to ratify the appointment of PwC as the independent registered public accounting firm of Centuri for the fiscal year ending January 3, 2027. If any stockholder would like to make a comment regarding any of the proposals, please submit your comment through the web portal.
The polls are now open. Any stockholder who hasn't yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. Stockholders who have sent in proxies or voted via telephone or internet and do not want to change their vote do not need to take any further action. Now that everyone has had the opportunity to vote, I now declare the polls for the 2026 annual stockholder meeting closed. Jason.
Based on the vote results in the final report of the Inspector of Elections provided by Andrew, I hereby declare that the preliminary vote results show that the nominees for election to the board have been duly elected. Our executive compensation has been approved by an advisory vote, and our employee stock purchase plan has been approved. In addition, PwC has been ratified as the independent registered public accounting firm for the fiscal year ending January 3, 2027. We will be reporting the final vote results in a Form 8-K to be filed within 4 business days. With that, I'll turn the meeting back over to Chris.
Thank you, Jason. There being no further business to come before the meeting, the 2026 Centuri Holdings annual meeting of stockholders is now adjourned.
Thank you, Chris. We would now like to open up the meeting for stockholder questions and comments. We will take stockholder questions that have been entered today on the web portal. Please note we will attempt to answer as many questions as time allows, but only questions that are germane to the meeting will be addressed. Any questions that we do not get to will be addressed on our company website. At this point, we have no questions loaded onto the portal, so I'd like to thank everyone for joining the 2026 Centuri Holdings annual stockholder meeting, and this will now conclude our virtual event today.