Good morning, and welcome to the 2026 annual meeting of the shareholders of EastGroup Properties. Today's meeting is being conducted in a virtual format. My name is Don Colleran. I am Chairman of the Board of EastGroup Properties, Inc. First, I want to welcome you and express the thanks of the Board and the management for your attendance today at this virtual meeting of our shareholders. Next, I would like to introduce the other EastGroup directors who are present with me and in the room today. D. Pike Aloian , H. Eric Bolton, Jr. , David M. Fields, Mary Beth McCormick, Marshall A. Loeb , Chief Executive Officer, and member of the Board of Directors.
I'd also like to take a moment to recognize John Coleman and his 25 years of excellent service to EastGroup Properties, and the amazing legacy that he's leave and the impacts he's had on our company and our culture. John has been a great member of the team. This is actually his 100th board meeting during his tenure here at EastGroup. John, I want to wish you and Linda a wonderful retirement, and happy and healthy. You deserve it, and we're all excited for you, and we're going to miss you greatly. Thank you.
Thank you, Don.
All right. Would also like to introduce Ms. Owen Stratton, Mr. Tom Eamon, Mr. Dan Kucera, and Ms. Virginia Gamble of the accounting firm KPMG LLP. I hereby officially call the 2026 annual meeting of the shareholders of EastGroup Properties to order. Ms. Wendy Joyner has been appointed as Inspector of Election and has executed her oath of office. I direct that oath of the inspector of election to be filed with the minutes of this meeting. The Secretary has informed me that present by virtual presence or by proxy of this meeting, the shareholders of record at the close of business on March 20, 2026, at least a majority of the shares of common stock of the company entitled to vote. A quorum is declared present at this meeting for all purposes.
The meeting is declared lawfully and properly convened and now competent to proceed to the transaction of the business for which it has been called and stated in the notice of this meeting. There are three proposals to be acted on at this meeting, which are set forth in the company's proxy statement delivered to shareholders in connection with this meeting. These proposals relate to, one, the election of the seven directors named in the proxy statement. Two, the ratification of KPMG as the company's independent registered public accounting firm for the year ending December 31, 2026. Three, the approval by a non-binding advisory vote, the compensation of the company's named executive officers. Before opening up the floor for questions, I would like to remind shareholders that questions should be limited to those relating to the proposals to be voted on at this meeting.
At this time, I will open the floor for questions relating to these proposals. Shareholders who have logged in using their control number may submit a question through the virtual meeting platform. I will now pause to allow any shareholders with questions relating to the proposals to submit them. As there are no questions relating to the proposals at this time, I now declare the polls open for a vote of the shareholders on the three proposals to be acted on at this meeting. As a reminder, if you have previously submitted a proxy or submitted a vote and do not want to change your vote, you do not need to take any further action. For those shareholders who have logged in using their control number and who wish to vote, you may now vote by clicking on the vote here button on your screen.
The record will reflect that all shares for which proxies were returned to the company were voted in accordance with the instructions received. I will now pause again to allow shareholders who wish to vote to do so. The voting polls are now closed. We have been informed by the inspector of election that all seven of the director nominees have been elected as director, that KPMG LLP has been ratified as the company's independent registered public accounting firm for the year ending December 31, 2026, and that the shareholders approved, on a non-binding advisory basis, the compensation of the company's named executive officers. Complete results of today's meetings will be made available by the filing of a current report on the Form 8-K of the SEC's EDGAR system within four business days of the date of this meeting.
There being no further business to come before the meeting, I hereby declare the meeting adjourned. Thank you for your time, interest, and investment in EastGroup Properties, and please have a wonderful day. Thank you.