Good day, and welcome to the KALA BIO 2026 Annual Meeting of Stockholders. I would now like to turn the conference over to Avi Minkowitz, Director, Chief Executive Officer, and Chief Financial Officer of KALA BIO, Inc. Please go ahead.
Good morning. I am Avi Minkowitz, Director, Chief Executive Officer, and Chief Financial Officer of KALA BIO, Inc. On behalf of the board of directors, it is my pleasure to welcome you to our 2026 Annual Meeting of the Stockholders. I have been advised that a quorum is present, and this meeting is now called to order. We will start today the business portion of the meeting. Following the voting, we will be glad to take your questions. Turning to the business of the meeting and a few housekeeping items. First, upon entering the virtual meeting room, you should be able to see the meeting agenda and meeting rules displayed on the bottom right-hand side of your screen. Questions or comments by stockholders on the proposals may be submitted at any time and will be read aloud once the proposals have been presented.
There will also be time at the end of the meeting for general questions and comments. I have an affidavit that provides that the proxy statement and proxy card were made available on or about September 24, 2026, to stockholders of record as of the close of business on September 10, 2026, and that notice of this meeting was first mailed on September 24, 2026. Chaim Berger will serve as the Inspector of election for this meeting. There are five items on the agenda today for consideration. The details of the proposals are set forth in the proxy statement that was made available to you. The polls are now open for voting. If you have already submitted a proxy card or voting instruction card, there is no need to vote today electronically.
If you have not yet voted or wish to change your earlier vote, you may do so at this time by voting your shares electronically, following the instructions on your screen. After votes have been submitted, the polls will close, and I will read the preliminary voting results. All electronic ballots submitted at this meeting will be included in the final voting results, which will be disclosed in a Form 8-K that we expect to file with the Securities and Exchange Commission on or before November 9, 2026. The first item of business is the election of the Class III directors. If elected today, Mr. Yonatan Colman and Mr. Brendan Purdy will serve as Class III members of the board of directors until our terms expire at the company's 2029 annual meeting and until their successors have been duly elected and qualified, or until their earlier death, resignation, or removal.
The board recommends a vote for each of these nominees. The second item of business is to approve on a non-binding advisory basis the compensation of the company's named executive officers as disclosed in the proxy statement pursuant to Item 402 of Regulation S-K, including the compensation tables and the narrative discussion related thereto. The board recommends that you vote for this proposal. The third item of business is the ratification of the selection of HTL International, LLC as the company's independent registered public accounting firm for the fiscal year ended December 31, 2026. The board recommends that you vote for this proposal.
The fourth item of business is to authorize the company's board of directors to amend the company's Restated Certificate of Incorporation, as amended, to effect one reverse stock split of the company's outstanding common stock at any ratio between 1-for-2 and 1-for-300 at such time as our board of directors shall determine in its sole discretion. The board recommends that you vote for this proposal. The fifth item of business is to approve the adjournment or postponement of the Annual Meeting of Stockholders, if necessary, to continue to solicit votes for the above-mentioned proposals. If necessary, the board recommends a vote for this proposal. Are there any comments or questions concerning any of the items of business? I don't see that there are any questions, so we will move on to the vote. I don't see that there are any comments. Thank you.
We're going to allow about 15 seconds for votes to be submitted. As everyone has now had the opportunity to vote electronically, I declare the polls closed. I am advised by the inspector of election that, based upon the preliminary count of the shares voted, the results are as follows. For Item 1, each nominee receives a plurality of the votes cast in favor of his election, and therefore, each has been elected. For Item 2, the affirmative vote of the holders of shares of common stock representing a majority of the votes cast by holders of all shares of common stock present in person or represented by proxy at the meeting and voting affirmatively or negatively was voted in favor of the proposal, and therefore, it has passed.
For Item 3, the affirmative vote of the holders of shares of common stock representing a majority of the votes cast by holders of all shares of common stock present in person or represented by proxy at the meeting and voting affirmatively or negatively was voted in favor of the proposal, and therefore, it has passed. For Item 4, the affirmative vote of a majority of the votes cast by holders of shares of common stock present in person or represented by proxy at the meeting and voting affirmatively or negatively was voted in favor of the proposal, and therefore, it has passed. As an adjournment is not necessary, no action was required with respect to Item 5. The business portion of this meeting is now adjourned. I will now take stockholders' questions and comments.
As a courtesy to everyone present and to make sure that we accommodate all stockholders who have questions or comments, we ask that you limit yourself to one question or comment that may be read in no more than two minutes, but it does not look like anyone has submitted anything. We will allow another minute or two. And if nothing else, we can call this meeting, this Annual Meeting of Stockholders, to a close. Thanks very much.
The conference has ended. You may now disconnect your line. Thank you for attending today's presentation.