Good afternoon, ladies and gentlemen. Thank you for participating in the 2026 annual meeting of stockholders of Drilling Tools International Corporation. At this time, I would like to introduce Mr. Wayne Prejean, Interim Chairman of the Board, President, and Chief Executive Officer of the company, who will act as Chairperson and Secretary of the meeting. Sir, you may begin.
Thank you, operator, and good afternoon, everyone. Welcome to the 2026 annual meeting of stockholders of DTI. We're hosting our meeting virtually to reach a greater number of our stockholders. Therefore, all stockholders participating in the meeting are attending via the web portal. We will conduct the business portion of our meeting first and answer questions at the end of the meeting. It is now 1:00 P.M. Central Time on April 28, and this meeting is officially called to order. The business before this meeting is described in our notice of annual meeting of stockholders and proxy statement, a copy of which has been provided to our stockholders. Links to the meeting materials are available at the bottom right corner of the web portal.
Before proceeding to the formal business of the meeting, I would like to introduce the directors and officers of the company who are with us today. In addition to myself, our Directors include Curt Crofford, Jack Furst, Ira Green, Eric Neuman, Roe Patterson, and Dick Vermillion, as well as our irector nominees, Daniel Kimes and Jeremy Thigpen. Before I introduce our officers, I would like to take a moment to acknowledge Mr. Thomas O. Hicks Sr., who served as Chairman of the Board and a Director through his passing in December 2025. The board and management are grateful for the leadership and vision of Mr. Hicks, who was instrumental in the company's growth and transition to a public company and whose legacy continues to shape DTI today.
I would also like to recognize Mr. Vermillion and Mr. Patterson, who are concluding their service on the board at the end of today's meeting. On behalf of the entire board and management team, I want to express our sincere appreciation for their many contributions to DTI and for their leadership and counsel provided during a period of significant growth and transformation. We wish them continued success in their future endeavors. Company officers that are present are David Johnson, Chief Financial Officer, Jameson Parker, Vice President, Corporate Development, and our Vice President of Finance, Christian Middleton, who will assist me with our question and answer session later in the meeting. I am also joined today by our Independent Audit Partner, Sable Waters, with Grant Thornton LLP. Ms. Waters is available to respond to appropriate questions raised by stockholders attending this meeting.
Natalie Hairston with American Election Services, LLC, who has been appointed to serve as the Inspector of Election for today's meeting. Ms. Hairston has signed an oath of office, which will be filed with the records of this meeting. I will now address some housekeeping items related to the meeting, then we will proceed to vote on the matters covered in the proxy statement. Broadridge Financial Solutions acted as the tabulator for this annual meeting and has delivered the latest vote tabulation report as of this morning. The rules of conduct will govern today's meeting. We ask all stockholders to adhere to these rules. Please note this meeting is being recorded. However, web portal attendees are not permitted to use any recording device. We will host a question-and-answer session after the formal business portion of the meeting has concluded.
Validated stockholders may ask questions through the web portal. Only questions related to the meeting proposals will be addressed. If you have logged into the meeting with your control number, you may ask a question by typing it into the box at the bottom left of the portal at any time during this meeting. If we don't address your question during the meeting, a member of our investor relations team will follow up with you after the meeting. Out of consideration for others, please limit yourself to one question. The board of directors fixed the close of business on March 3rd, 2026, as the record date for determining stockholders entitled to vote at this meeting.
An affidavit has been delivered by Broadridge attesting that either the notice of online availability of the proxy materials or the proxy statement and the 2025 annual report were mailed on or about March 13th, 2026, to all stockholders as of the record date. The notice and all documents concerning this meeting will be filed with the records of the meeting. Our amended and restated bylaws require a majority of the outstanding shares of our common stock entitled to vote, be represented in person or by proxy at the meeting to ensure we have a quorum. The stockholder list shows that as of the record date, there were 35,188,260 shares of common stock outstanding and entitled to vote at this meeting.
We were informed by the Inspector of Election that the requisite number of shares of common stock on the record date is participating in the meeting, either virtually or by proxy. This represents more than a majority of the issued and outstanding stock entitled to vote on the record date. I declare a quorum is present for purposes of transacting business, and this meeting is duly and lawfully convened. The time is 1:06 P.M. Central Time, and the polls are now open. 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. Your shares will be voted accordingly.
If you have not yet submitted a proxy card and wish to vote on these items or wish to change your vote, you may do so by clicking on the Vote Here button on the web portal and following the instructions. The polls will close after I presented the proposals to be voted upon. There are two matters submitted to a vote of our stockholders at this meeting. First, the election of seven director nominees to our board to serve until the 2027 annual meeting of stockholders. The nominees in alphabetical order are Curt Crofford, Jack Furst, Ira Green, Daniel Kimes, Eric Neuman, Wayne Prejean, and Jeremy Thigpen. Second, the proposal to ratify Grant Thornton LLP as our independent registered public accounting firm for 2026. We will now pause for a short period of time to allow stockholders to vote.
Now that everyone has had the opportunity to vote, I declare the polls closed at 1:08 P.M. Central Time. The Inspector of Election has provided me with the preliminary voting results. For proposal one, each of the board nominees has been elected to serve until the 2027 annual meeting of stockholders. For proposal two, Grant Thornton LLP has been ratified to serve as our independent registered public accounting firm for 2026. A Form 8-K with the final results of the voting will be filed with the SEC within four business days. I instruct that the final report and certificate of the Inspector of Election be included with the minutes of this meeting. There being no other business on the agenda, I declare the formal business portion of the Drilling Tools International Corporation 2026 annual meeting of stockholders adjourned.
We will now host a question and answer session. Again, validated stockholders may type their question through the web portal, and only questions related to the meeting proposals will be addressed. We will now take a short pause to compile any questions that have been submitted. Christian has informed me there are no questions. Therefore, we will conclude the question and answer session and close out the meeting. Thank you for participating in our 2026 annual meeting of stockholders and for your continued support of DTI.
Ladies and gentlemen, this concludes today's meeting. You may now disconnect.