Good morning, everyone, and welcome to Kaltura's 2025 Annual Stockholders Meeting. With me from Kaltura today is Mr. Ron Yekutiel, Co-Founder, Chairman, Chief Executive Officer, and President. I will introduce the other participants and will chair the meeting. I will now turn the call over to Ron. Please go ahead.
Good morning. I'm Ron Yekutiel, Chairman, Chief Executive Officer, and President of Kaltura, and Chairperson of today's meeting. I'm very happy to welcome you to our 2025 Annual Meeting of Stockholders. Before the meeting is called to order, I'd like to introduce to you the other members of the board and executive officers of the company who are on the webcast today. The other members of the board in attendance are Nama Levi Davidoff, Ronen Fayer, Richard Levendusky, Shai David, and E yal Manor From the company, we also have John Doherty, our Chief Financial Officer, and Silema Yang, our General Counsel and Secretary, who will serve as Secretary of this meeting. We also have on the line Mrs.
We also have on the line Mrs. Nati Alon of Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, the company's independent auditor, who's available to respond to appropriate questions via the Ask a Question function on the Annual Meeting webpage, and Mr. John R. Merva of American Election Services, a representative of Broadridge Financial Solutions, who will serve as the Inspector of Election at today's meeting. I now call the meeting to order. We will proceed with the formal business of the meeting as indicated in the Notice of Annual Meeting and the company's proxy statement. The polls open today, June 25, 2025, at 10:00 A.M. Eastern Time for voting on all matters before the meeting. If you have not already voted and wish to vote, the polls will remain open until we finish representing the proposals and close the polls.
You do not need to vote during the meeting if you have already voted and do not wish to change your vote. On the virtual meeting's webpage, you will find the agenda for the meeting. You'll also find the rules of conduct for today's meeting. Please review these rules carefully. Note that only stockholders who are logged into the meeting using their 16-digit control number will be able to vote and submit questions at today's meeting. The Secretary of the meeting will file the proof of mailing of notice of the meeting with the records of the meeting. All stockholders of record at the close of business on April 28, 2025, or holders of a valid proxy are entitled to vote at today's meeting. The Inspector of Election has a complete list of the holders of record of the company's common stock and the record date for the meeting.
For stockholders who have entered a valid 16-digit control number, the stockholder list is also available during this meeting on the bottom panel on your screen. The Inspector of Election, Mr. John R. Merva, has signed the customary oath of office to execute his duties with strict impartiality. We will file this oath with the records of the meeting. There were 155,125,004 shares of common stock held of record on April 28, 2025. A majority of these shares are necessary for a quorum, and Mr. John R. Merva has informed me that more than a majority of the shares are presented at this meeting online or by proxy. I therefore declare that a quorum is present, so we can now proceed with the formal business of the meeting. There are two items of business to be considered by the stockholders at today's meeting.
The board recommends that the stockholders vote for each of these proposals. The first item of business is the election of Ron Yekutiel and Talia Manor to serve as Class 1 Directors for a term ending in 2028. The second item of business is the ratification of the Audit Committee's appointment of Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, as the company's independent auditor for the 2025 fiscal year. This was the final item of business for today's meeting. If you wish to vote and haven't already, please vote now by clicking on the voting button on the web portal and following the instructions. You do not need to vote electronically if you have already sent in your signed proxy or if you have voted by telephone or internet. We will pause for approximately 30 seconds before closing the voting polls.
The time is now 10:05 A.M. on June 25, 2025, and the polls are now closed for voting. The Inspector of Election will count the votes. I have received the preliminary report of the Inspector of Election, but the final report of the Inspector of Election will be kept with the company's record of the annual meeting. Based on the preliminary report of the Inspector of Election, Ron Yekutiel and Eyal Manor have been elected as Class 1 Directors, and the appointment of Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, as our independent auditor for fiscal year 2025, has been ratified. The final tally of the votes will be published within four business days in a current report on Form 8-K to be filed with the Securities and Exchange Commission. This meeting is now adjourned.
I want to thank you for participating and for your interest in Kaltura. We will now move to the final topic on the agenda, questions and answers. Please note that we will only be answering questions that are within the rules of conduct, and only stockholders who have logged into the meeting using their 16-digit control number are able to submit a question through the Ask a Question button on the web portal. Mr. Ma ayan, are there any questions that have been submitted?
No, there are no questions. Please proceed with your closing remarks.
Thank you, Zvi. In closing, I want to thank all of our stockholders and everyone on the line today for your interest in Kaltura. This concludes our annual meeting.
This now concludes the meeting. Thank you for joining and have a pleasant day.