Thank you for standing by. I would like to welcome you to the Eos Energy Enterprises, Inc. annual meeting. I would now like to turn the conference over to Joseph Nigro, Chair of the Board of Directors. Please go ahead.
Thank you very much, and good morning, everyone. Welcome to the Eos Energy Enterprises 2026 annual meeting of stockholders. My name is Joseph Nigro. While I joined the Board in March of 2025 and took the role of the Chair this past January, this marks my first time presiding over our annual meeting. I'm happy to lead our oversight of Eos during this pivotal phase of growth and commercial scaling. More importantly, thank you for attending our annual meeting, which is being held in a virtual format. We welcome everyone and appreciate your interest in the affairs of the company. With us today are the Board of Directors and members of the company's executive management team.
The other company executives in attendance today are Joe Mastrangelo, the Company's CEO; Nathan Kroeker, the Company's Chief Commercial Officer and Interim Chief Financial Officer; Michael Silberman, the Company's Chief Legal Officer and Corporate Secretary; Michelle Buczkowski, the Company's Chief Administrative Officer, and Liz Higley, the Company's Vice President of Corporate Strategy and Investor Relations. I would also like to introduce Dan Potez, a partner with Deloitte & Touche, which currently serves as the Company's independent registered public accounting firm. Finally, I would like to introduce Marlene Aguilar, who has been appointed by Broadridge Financial Solutions to serve as the Inspector of Elections for today's meeting. I am the Chair of the Company's Board of Directors, and in accordance with the Company's bylaws, I will act as Chair of this meeting, and Mr. Silberman will act as Secretary of this meeting.
Before I formally begin our 2026 annual meeting of stockholders, I will ask Mr. Silberman to address a few housekeeping matters.
Thank you, Mr. Chair. This meeting will be conducted in accordance with the meeting agenda and the rules of conduct, which you can access by logging on to the virtual meeting website. Please note that the company's board of directors fixed the record date for the determination of the stockholders entitled to vote at this meeting as of the close of business on April 13th, 2026. All Eos stockholders entitled to vote at this meeting have the ability to do so online. If you are a stockholder entitled to vote or the duly authorized proxy of such stockholder and you have not yet voted, or if you want to change your previously cast vote, then please do so by clicking the Vote Here icon on the virtual meeting website. Those votes will be provided to the inspector of elections and included in the vote count.
Stockholders who have sent in proxies do not need to take any further actions with respect to any of the matters to be voted on today, unless such stockholder wishes to change their vote. Please note that your virtual vote will cancel out any prior vote or proxy that you may have previously voted. After all proposals have been presented, the polls will immediately close, and the vote will be counted. The Inspector of Election will then issue her preliminary report. If you are a stockholder as of the record date or the duly authorized proxy of such stockholder and desire to ask a question about any matter directly relevant to the specific proposals outlined in the meeting notice, you can submit a question on the virtual meeting website during the meeting.
Please note that questions must conform to the guidelines set forth in the rules of conduct in order to be addressed. We will do our best to respond to questions after the formal part of the meeting during the Q&A session, as time permits.
Thank you. Will the secretary now report if notice of this meeting was duly and properly mailed, and if we have a quorum?
Mr. Chair, we have received an affidavit from Broadridge attesting to the distribution of the notice of the meeting, including the full set of the company's proxy statement, proxy card, and the 2025 annual report to our stockholders determined as of the record date. A preliminary report from our Inspector of Elections shows that the holders of record of a majority of the outstanding shares of common stock entitled to vote at this meeting are virtually present or are represented by proxy. This means we have a quorum present, and this meeting is duly constituted and will proceed.
Based on the secretary's and inspector's report, this meeting is officially called to order to consider the proposals outlined in the company's proxy statement. Please note that the polls are open. Mr. Silberman, would you please present the proposals outlined in the company's proxy statement?
Thank you, Mr. Chair. The first item of business to come before this meeting is the election of three directors, each to hold office for terms to expire in three years, or until their successors have been elected and qualified, or until his earlier death, resignation, or removal. The three director nominees named in the company's proxy statement standing for re-election, Jeff Bornstein, Claude Demby, and Nathaniel Fick, were introduced earlier, and additional information about each such nominee is included in the company's proxy statement. In accordance with the bylaws of the company, stockholders are required to provide advance notice of their intent to nominate candidates for directors. No such notice was received. The three director nominees named in the company's proxy statement are the only persons eligible for election at today's meeting. The company's board of directors recommends a vote for approval of proposal number one.
The second item of business to come before this meeting is the ratification of the selection of Deloitte & Touche as the company's independently registered public accounting firm for 2026. The appointment of Deloitte & Touche was recommended to the board of directors by the board's audit committee and is described in more detail in the company's proxy statement. The company's board of directors recommends a vote for approval of proposal number two. The third item of business to come before this meeting is the advisory approval of a non-binding resolution approving the compensation of the company's named executive officers as disclosed in the company's proxy statement, more commonly known as Say on Pay. As discussed in the company's proxy statement, we believe our executive compensation programs and policies provide fair, reasonable, and competitive levels of compensation to our executive officers.
The company's board of directors recommends a vote for approval of proposal number three. The fourth item of business to come before this meeting is the approval of an amendment to the company's third amended and restated certificate of incorporation to increase the number of shares of authorized common stock of the company from 600 million- 800 million. The company's board of directors recommends a vote for approval of proposal number four. The fifth and final item of business to come before this meeting is the approval of an amendment to the company's Second Amended and Restated 2020 Incentive Plan to both increase the number of shares reserved for issuance under the plan by 5 million shares and increase the number of shares that may be issued through the exercise of incentive stock options by 5 million shares.
The company's board of directors recommends a vote for approval of proposal number five. Please note that the polls are about to close with respect to the proposals presented. If you have not yet voted, please do so now. If you voted previously, you do not need to vote again unless you wish to change your vote. As a reminder, submission of a vote online revokes any prior vote or proxy you may have submitted. Since all the stockholders and proxies entitled and desiring to vote have been given the opportunity to do so, the polls are now closed with respect to the proposals presented.
The Inspector of Elections will now count the vote. Have all the votes been counted?
Yes, Mr. Chair.
Will the secretary please report on the preliminary results of the votes for the proposals presented?
Thank you, Mr. Chair. The Inspector of Elections has delivered her preliminary report and has examined the written proxies or powers of attorney presented for us at this meeting, confirmed the tabulation of votes cast by proxy, and counted the votes presented today. Based on the foregoing, the preliminary report of the Inspector of Elections indicates that, one, Jeff Bornstein, Claude Demby, and Nathaniel Fick have been elected as directors. Two, the selection of Deloitte & Touche as the independently registered public accounting firm of the company for 2025 has been approved, 2026 has been approved. The non-binding resolution approving the compensation of the company's named executive officers has been approved. The amendment to the company's third amended and restated certificate of incorporation to increase the number of shares of authorized common stock of this company from 600 million- 800 million has been approved.
The amendment of the company's Second Amended and Restated 2020 Incentive Plan to both increase the number of shares reserved for issuance under the plan by 5 million shares and to increase the number of shares that may be issued through the exercise of incentive stock options by 5 million shares has been approved. Please note that we will file a Form 8-K with the voting results of the items presented within four days after this meeting. I will now turn the meeting back over to the chair.
Thank you, Mr. Silberman. Thank you all again for participating. We appreciate your interest in the affairs of the company and your attendance today. The meeting with respect to all proposals is now adjourned. We will now proceed to the Q&A portion of this meeting. We'll respond to the questions that conform to the guidelines set forth in the rules of conduct. We will do our best to respond to questions as time permits. Mr. Silberman, are there any questions?
Mr. Chair, we have received no questions.
Great. Thank you. This concludes the 2026 annual meeting of the stockholders of Eos Energy Enterprises, Inc. Have a wonderful day.