Good day everyone, welcome to the EquipmentShare.com annual meeting. Now I'll turn the call over to your host, Jabbok Schlacks. Please go ahead.
Thank you. Good morning and welcome to EquipmentShare's 2026 annual meeting of stockholders. I am Jabbok Schlacks, the Founder, Chief Executive Officer, and Director of EquipmentShare, and it is my pleasure to welcome you to today's meeting. Thank you for attending. I now call the meeting to order. I will act as Chair of the meeting, and John Griffin, our General Counsel, will act as Secretary. Before getting to the substance of today's meeting, I would like to make some introductions. First, I would like to introduce the other members of the Board, Willy Schlacks, Naveen Bhatia, Jennifer, William Brian Hill, John Weinstein, and Henry Yeagley.
I would also like to introduce David Marquardt, Chief Financial Officer and Chief Accounting Officer at EquipmentShare, Mark Wopata, Chief Data Officer and Executive Vice President, Finance of EquipmentShare, Jim Zeck, the Lead Partner at KPMG on EquipmentShare audit engagement, Mike Ensz, Partner at KPMG, and James Alden of American Election Services, who is our Inspector of Elections. James has duly taken his oath as Inspector for today's meetings. With that, I have a few brief procedural items to address. First, the meeting's agenda and the rules of conduct are available in the web portal. Second, if any stockholder is yet to vote, you may vote now in the web portal. Third, we will take questions only on matters to be voted on in today's meetings.
Thank you and good morning. The notice of internet availability of proxy materials was mailed on or about April 21st, 2026 to all stockholders of record as of the close of business on April 10th, 2026. We have a record of stockholders as of that date that is available for examination. I have also been informed by the inspector that proxies representing a majority of the company's outstanding and issued shares of common stock eligible to vote have been received. Thus, a quorum is present, and the meeting is duly constituted and may proceed.
Thank you, John. The secretary's quorum report is accepted. I direct that the affidavit of distribution be made part of the minutes of today's meeting. We may now transact the business of the meeting. The first item of business is the election of directors. Seven directors will be elected at today's meeting. Directors are elected by a majority of the votes validly cast. Thus, a director will be elected only if the number of for votes exceeds the number of against votes for such director. The elected directors will hold office until the 2027 annual meeting and until his or her successor is duly elected and qualified. Each director's respective background experience are described in our proxy statement. The following persons have been properly nominated for re-election to the board: Jabbok Schlacks, Willy Schlacks, Naveen Bhatia, Jennifer, William Brian Hill, John Weinstein, and Henry Yeagley.
Our bylaws require that any stockholder wishing to nominate a director provide advance notice of their intention to do so. No such advance notice was received. Because no such notice was received, I declare the director nominations closed. The second item of business is the ratification of the appointment of KPMG as the company's independent registered certified public accounting firm for 2026. Information regarding KPMG's engagement with EquipmentShare is contained in the proxy statement. The affirmative vote of a majority of shares entitled to vote and at this meeting is required to approve this proposal. The third item of business is the approval of the advisory vote on executive compensation. The information about this advisory vote and its effect are in the proxy statement. The affirmative vote of a majority of shares entitled to vote and represented at this meeting is required to approve this proposal.
The final item of business is the approval of the advisory vote on the frequency of future advisory votes on executive compensation. The information vote and its effect are in the proxy statement. The frequency will be determined by a plurality of shares entitled to vote and represented at this meeting. If any stockholder would like to ask a question regarding any of the proposals, please submit your questions through the web portal. 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. 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.
As there are no further matters to be considered and no questions have been submitted for response during this meeting, I now declare the polls closed and direct the inspector to tabulate the proxies and the ballots. Any questions not addressed during this meeting or additional inquiries regarding the company may be directed to the company's investor relations department through the investor relations section of our website.
I have been advised by the inspector that on a preliminary basis, each of the nominees for director has received a majority of the votes cast at this meeting in favor of re-election. In addition, the inspector has advised me that we received the required number of votes for the approval of the three other items of business on the agenda for this meeting. The inspector will provide me with a written report of the final vote count for each matter, which will be included in the minutes of today's meeting. We will also release the final vote count through filing a Form 8-K within four business days.
Thank you, John. As we continue our development as a public company, we anticipate that our board composition may evolve to align with our strategic objectives. We remain committed to thoughtful board succession planning and to identify qualified candidates whose expertise, experience, and perspective will strengthen the board on behalf of all stockholders. On behalf of the board and management team, I would like to thank you for your trust and confidence in us as managing your company, and we look forward to reconvening at our next earnings call and our next annual meeting. There being no further business, I hereby declare the 2026 annual meeting of stockholders adjourned.
That concludes our meeting today. You may now disconnect.