Well, good morning everyone, and welcome to the Civeo Annual General Meeting of Shareholders. I will now hand the call over to Mr. Rick Navarre. Please go ahead, sir.
Good morning. I'm Rick Navarre, Chairman of the Board of Directors of Civeo Corporation, and I am a shareholder. Welcome to the 2026 Annual General Meeting of Shareholders. The meeting will now come to order. The polls have been opened, and we will close the polls on all matters immediately after the presentation of today's proposals. To begin, we would like to introduce Civeo Corporation's Board of Directors and Executive Officers. Bradley Dodson, President, Chief Executive Officer, and Director. Ronald Blankenship, Director. Jay Grewal, Director. Martin Lambert, Director. Michael Montelongo, Director. Constance Moore, Director. Jeffrey Scofield, Director. Daniel Silvers, Director. Charles Szalkowski, Director. Timothy Wall, Director. Collin Gerry, Senior Vice President, Chief Financial Officer, and Treasurer. In addition, we are joined today by LaTosha Fraley, Civeo Corporation's Corporate Secretary, who will be assisting me in the conduct of today's meeting.
As previously announced, Mr. Szalkowski and Ms. Grewal will be stepping down from the board of directors following today's meeting. On behalf of the board of directors, I would like to thank both of them for their years of valuable service to Civeo and our shareholders. A copy of the rules of conduct, which we will follow in carrying out the business of this meeting, is available on the annual meeting website. As stated in the rules of conduct, if you would like to submit a question, you may do so by following the instructions on the meeting website. We ask that you limit yourself to two questions or comments and restrict your questions to matters of general interest to our stockholders. If we receive substantially similar written questions, we will group such questions together and provide a single response to avoid repetition.
All questions received before or during the meeting and our responses will be posted to our investor relations website. Thank you for your cooperation with these rules. Rhonda Carroll from Broadridge has been designated as the scrutineer. The scrutineer has confirmed the notice of Annual General Meeting and related proxy statement was distributed on April 13, 2026, to shareholders of record on March 30th, 2026, and that a quorum is present at the meeting. We will now proceed with the items presented in the proxy statement furnished to the shareholders of record. If you wish to vote during the meeting, please follow the instructions on the meeting website before the polls close. If you have already voted in advance of the meeting, you do not need to vote again unless you wish to change your vote.
Our first proposal is the election of the six directors named in the proxy statement to serve as class two and class three members of the company's board of directors until the 2027 annual meeting of shareholders or until their successors are duly elected and qualified. The board of directors recommends that shareholders vote for each of the six director nominees. Our second proposal is to approve the compensation of the company's named executive officers. This proposal is a non-binding shareholder advisory vote. The board of directors recommends that shareholders vote for the proposal. Our third proposal is to approve an amendment of the 2014 Equity Participation Plan of Civeo Corporation to increase the number of shares available for issuance thereunder by 520,920 shares, subject to adjustments in accordance with the terms of the plan.
The board of directors recommends that shareholders vote for the proposal. Our fourth proposal is to ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for 2026 and until the next annual general meeting of shareholders, and to authorize the directors of the company, acting through the audit committee, to determine the compensation to be paid to Ernst & Young LLP for 2026. The board of directors recommends that shareholders vote for the proposal. The polls are now closed. We will now proceed to the voting results. I call upon our corporate secretary, Ms. Fraley, to present the preliminary report of the scrutineer.
Thank you, Mr. Navarre. The scrutineer has delivered their preliminary report. Based on the proxies and ballots received regarding the election of the directors, the six nominees for directors named in the proxy statement received a majority of the votes cast by shareholders at the meeting, and each of those nominees received a greater number of votes for his or her election than votes withheld from his or her election. From the proxies and ballots received regarding the approval of the named executive officer compensation, the votes cast in favor of the proposal exceeded the votes cast against the proposal. From the proxies and ballots received regarding the approval of the amendment to the 2014 Equity Participation Plan, the votes cast in favor of the proposal exceeded the votes cast against the proposal.
From the proxies and ballots received regarding the auditor proposal, the majority of the votes cast by shareholders were voted in favor of the proposal. That concludes my report on the preliminary voting results provided by the scrutineer.
Thank you. Based on the proxies and ballots received, the shareholders have elected the six nominees for director named in the proxy statement, approved on an advisory basis the compensation of the company's named executive officers, approved the amendment to the 2014 Equity Participation Plan, and ratified the appointment of Ernst & Young LLP for 2026 and until the next annual general meeting of shareholders, and authorized the directors of the company, acting through the audit committee, to determine the compensation to be paid to Ernst & Young LLP for 2026. The final certified results will be reported in a Form 8-K to be filed with the SEC within four business days. This concludes our meeting. Thank you for participating. We are now adjourned.
This concludes today's meeting. You may now disconnect.