Good morning, and welcome to the 2026 annual meeting of stockholders of GCI Liberty. I'm John C. Malone, Chairman of the Board. I will act as chairman of this meeting. On behalf of the directors and senior officers of the company, I want to thank you for taking the time to attend this annual meeting. We appreciate your continued interest in GCI Liberty. At this time, I would like to introduce the company's Corporate Secretary, Kelly Norton, who will act as secretary of this meeting and who will say a few words about our 2026 annual meeting procedures.
Excuse me. Thank you, Mr. Chairman. To conduct this virtual meeting in an orderly fashion, we respectfully direct your attention to the rules of conduct for the meeting located on the virtual meeting portal. Only GCI Liberty stockholders are permitted to ask questions during the formal meeting. We thank you in advance for helping us conduct the 2026 meeting in an orderly fashion.
Thank you, Kelly. We will now proceed with the formal items of business. Christine Amrhein of American Election Services has been appointed to serve as the Inspector of Election. We are here today to vote upon each of the proposals described in the notice of annual meeting and proxy statement. Has the Inspector of Election tabulated the number of shares here today present via the virtual meeting portal or represented by proxy?
Mr. Chairman, based on information received from Broadridge and the Inspector of Election, shares with the company's Series A and Series B GCI Group common stock, for common stock representing at least a majority of the aggregate voting power of such stock outstanding on the record date are present via the virtual meeting portal or represented by proxy at today's meeting. Therefore, a quorum is present for this meeting.
Thank you, Kelly. As reported, a quorum is represented here today. The annual meeting is formally called to order. As stated in the notice of annual meeting and proxy statement, stockholders will vote on 6 proposals, each of which will be described in turn. Proposal 1, the election of directors proposal, is a proposal to elect Richard R. Green and Jedd Gould to continue serving as class 1 members of our board until the 2029 annual meeting of stockholders or until their earlier resignation or removal. Their biographies can be found on page 15 of the proxy statement. The meeting is now open for any questions concerning the director or nominees. Kelly, please confirm we've not received any questions.
Mr. Chairman, we have not received any questions.
The auditor's ratification proposal is a proposal to ratify the selection of KPMG LLP as our independent auditors for the fiscal year ending December 31, 2026. Stuart McMullen, a partner with KPMG LLP, is prepared to respond to appropriate auditing questions. Kelly, please confirm we have not received any questions for KPMG.
Mr. Chairman, we have not received any questions for KPMG.
Proposal 3 is the say-on-pay proposal, is a proposal to approve on an advisory basis the compensation of our named executive officers. Kelly, please confirm we've not received any questions.
Mr. Chairman, we have not received any questions.
Proposal 4, the say-on-frequency proposal, is a proposal to approve on an advisory basis the frequency at which future say-on-pay votes will be held. Kelly, please confirm we've not received any questions.
Mr. Chairman, we have not received any questions.
Proposal 5, the articles amendment proposal, is a proposal to adopt a new article to our articles of incorporation, waiving jury trials for internal actions pursuant to a certificate of amendment. Kelly, please confirm we've not received any questions.
Mr. Chairman, we have not received any questions.
The adjournment proposal to approve one or more adjournments of the annual meeting by GCI Liberty from time to time to permit further solicitation of proxies if necessary or appropriate, if sufficient votes are not represented at the annual meeting to approve the articles amendment proposal at the time of such adjournment or if otherwise determined by the chairperson of the meeting to be necessary or appropriate. Kelly, please confirm we have not received any questions.
Mr. Chairman, we have not received any questions.
The voting requirements for each of the proposals are described in the proxy statement. The board of directors recommends that you vote for each nominee listed in proposal 1 and in favor of proposals 2, 3, 5, and 6, and in favor of every 3 years for proposal 4. The time is now 11:37 A.M. on May 11th, 2026, and the polls are now open for voting on each of the proposals. If you desire to vote at this meeting, you can do so via the virtual meeting portal. If you have previously voted by proxy, you do not need to vote today unless you wish to change your vote. Kelly, please confirm the virtual meeting portal is recording any votes.
Mr. Chairman, the virtual meeting portal has recorded any votes.
The time is now 11:38 A.M. on May 11th, 2026, and the polls for voting on each of the proposals are now officially closed. Has the Inspector of Election tabulated the votes represented here and by proxy on each of the proposals?
Mr. Chairman, the Inspector of Election has completed the tabulation of votes and has certified that based on preliminary results, the requisite number of shares has been voted in favor of the election of Mr. Green and Mr. Gould and in favor of proposals two, three, five, and six, and in favor of every three years for proposal four.
Based on preliminary results, Mr. Green and Mr. Gould have been duly elected as class 1 members of our board of directors, and proposals 2, 3, 5, and 6 have been approved, and the option of once every 3 years has been approved for proposal 4. Because proposal 5 has been approved, the annual meeting will not be adjourned to solicit additional proxies as contemplated by proposal 6. This concludes the scheduled business as presented in the notice of annual meeting and proxy statement. Is there any other business to properly come before this meeting? Kelly, please confirm we've not received any motions for other business.
Mr. Chairman, please allow me time to check for any motions. Mr. Chairman, we have not received any motions.
At this time, I'd like to adjourn the annual meeting. I'd like to thank you for your attendance at this meeting and your continued interest in our company. The 2026 annual meeting of stockholders is now adjourned.
Thank you, Mr. Chairman. That concludes the GCI Liberty annual meeting of stockholders.