Good morning, ladies and gentlemen. Will the meeting please come to order? Thank you. My name is McKeel Hagerty. I would like to welcome you to the Annual Meeting of Stockholders of Hagerty. As our bylaws provide, I will act as Chairman of the meeting. With us today on this webcast are the members of our Board of Directors. The agenda for today's meeting includes voting on the items listed in our 2026 proxy statement and presenting the preliminary report of the Inspector of Elections. Now, I would like to introduce Diana Chafey, our Corporate Secretary. Diana will establish that the meeting has been duly called and that a quorum is present for the annual meeting.
Thanks, McKeel. The Board fixed April 10, 2026 as the record date for determining stockholders entitled to vote at this meeting. An affidavit of mailing is with the Inspector of Elections attesting to the fact that the notice of meeting, the 2026 proxy statement, and the 2025 annual report were mailed beginning April 30, 2026 to all Class A and Class V common and preferred stockholders of record. As stated in the notice, the purposes of this meeting are as follows. First, to elect nine directors for terms expiring in 2027. Second, to approve the compensation of our named executive officers on a non-binding advisory basis. Third, to approve the frequency of the advisory vote on compensation of our named executive officers. Fourth, to ratify the appointment of the independent registered public accounting firm, Deloitte & Touche LLP for 2026.
Finally, to transact any other business that may properly come before the meeting. Beth Vanderbeck, who has been appointed to act as Inspector of Elections at this meeting, reports that stockholders owning at least a majority of the voting power entitled to vote are present in person or by proxy. Accordingly, McKeel, a quorum is present.
On the basis of the Secretary's report, the meeting is duly convened. The polls for each matter to be voted upon at this meeting will open when all proposals have been presented and will close immediately prior to adjournment. Now, We will conduct the formal business as set forth in the notice of the meeting. If you wish to vote during the meeting, please click the voting link located on the meeting portal used to access this webcast. Diana, would you present the nominations for directors?
McKeel, on behalf of the board of directors, I nominate the following people as named in the proxy statement for election as directors to serve until the annual meeting of stockholders in 2027 or until their successors have been elected and qualified. McKeel Hagerty, Henrik Bjørnstad, Randall Harbert, Laurie Harris, Robert Kauffman, Sabrina Kay, Anthony Kuczinski, Mika Salmi, and William Swanson.
Hagerty has an advanced notice provision in its bylaws. Accordingly, all nominations are closed. The meeting will now proceed to the second item on the agenda concerning an advisory vote to approve the compensation of our named executive officers. As described in more detail in our proxy statement, we are asking stockholders to approve on a non-binding advisory basis the compensation paid to our named executive officers. Diana, would you please present the resolution?
McKeel, I move the adoption of the following resolution. Resolved that the stockholders of Hagerty, Inc. approve on a non-binding advisory basis the compensation of the company's named-
Diana, that dropped off. Hmm.
McKeel, this is John Armbruster, Deputy General Counsel. I can pick up where Diana left off.
Please do so, John.
Thank you, McKeel. I move the adoption of the following resolution. Resolved that the stockholders of Hagerty, Inc. approve on a non-binding advisory basis the compensation of the company's named executive officers set forth in the compensation discussion and analysis, the summary compensation table, and the related compensation tables and narratives in the proxy statement for the company's 2026 annual meeting of stockholders.
The meeting will now proceed to the third item on the agenda, an advisory vote on the frequency of the advisory vote on the compensation of our named executive officers. Stockholders may vote for a frequency of every one year, two years, or three years. Our board unanimously recommends that you vote for the option of one year as to the frequency of the advisory vote on the compensation of the company's named executive officers. Diana or John, would you present the resolution?
McKeel, I move the adoption of the following resolution. Resolved that the stockholders of Hagerty, Inc. recommend on a non-binding advisory basis that an advisory vote on the compensation of the company's named executive officers be held every one year.
The meeting will now proceed to the fourth item on the agenda concerning the ratification of the appointment of Deloitte & Touche LLP as Hagerty's independent registered public accounting firm for the current year. The appointment of Deloitte was recommended to the board of directors by the audit committee. A representative of Deloitte is present online today. John, would you present the resolution?
McKeel, I move the adoption of the following resolution. Resolved that the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for Hagerty, Inc. for 2026 is hereby ratified.
Because no further business is on the agenda to come before this meeting, we will move on to voting. Any stockholder who has not 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 there. 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. The next item on the agenda is the preliminary report of the Inspector of Elections. Any ballots collected before the polls closed, but not reflected in the preliminary report will be reflected in the final report of the Inspector of Elections. I call upon the Secretary to present the preliminary report of the Inspector of Elections.
McKeel, the polls are now closed, and the Inspector of Elections has presented her preliminary report.
She has determined that each of the nine directors nominated by the board for election received in excess of 99% of the votes cast for election of directors, that an excess of the majority of shares present at the meeting or represented by proxy and entitled to vote were cast in favor of approving on a non-binding advisory basis the compensation of the company's named executive officers, that an excess of the majority of shares present at the meeting or represented by proxy and entitled to vote were cast in favor of approving on a non-binding advisory basis a frequency of every one year for the advisory vote on the compensation of the company's named executive officers, and that an excess of the majority of shares present at the meeting or represented by proxy and entitled to vote were cast in favor of the ratification of the appointment of Deloitte & Touche LLP.
Thank you, John. Based upon the preliminary report of the Inspector of Elections, I declare that McKeel Hagerty, Henrik Bjørnstad, Randall Harbert, Laurie Harris, Robert Kauffman, Sabrina Kay, Anthony Kuczinski, Mika Salmi, and William Swanson are elected directors, that the stockholders have approved on a non-binding advisory basis the compensation of the company's named executive officers, that the stockholders have recommended a frequency of every one year for the advisory vote on the compensation of the company's named executive officers, and that the appointment of Deloitte & Touche LLP as Hagerty's independent registered public accounting firm for 2026 is ratified. Our program for the day has concluded. Thank you all for attending today's meeting and for your continuing support of Hagerty. The annual meeting is hereby adjourned.
The meeting has now concluded. Thank you for joining, and have a pleasant day.