Good morning, everyone, and welcome to Kaltura's 2026 Annual Stockholders Meeting. With me today from Kaltura is Mr. Ron Yekutiel, co-founder, chairman, chief executive officer, and president, who 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 2026 Annual Meeting of Stockholders. Before the meeting is called to order, I'd like to introduce to you 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 Naama Levi-Davidov, Ronen Faier, Richard Levandov, Shai David, Greg Dracon, and Eyal Manor. From the company, we also have Liron Sharon, our principal financial officer, and Zvi Maayan, our general counsel and secretary, who will serve as secretary of this meeting.
We also have on the line Ms. 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. Mr. John R. Merva of American Election Services LLC, a representative of Broadridge Financial Solutions, will serve as the inspector of elections at today's meeting. I now call he meeting to order. We will proceed with the formal business of the meeting as indicated in the notice of annual meeting in the company's proxy statement. The polls opened today, June 24, 2026, 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 presenting the proposals and close the polls.
You do not need to vote during the meeting if you've already voted and do not wish to change your vote. On the virtual meeting 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 27, 2026, 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 on the record date for the meeting and for stockholders who have entered a valid 16-digit control number. The stockholder list is also available during this meeting on the bottom panel of 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. As stated in our proxy statement, there were over 150 million shares of common stock held of record on April 27, 2026. A majority of these shares are necessary for a quorum. Mr. John R. Merva has informed me that more than a majority of the shares are represented at this meeting online or by proxy.
I therefore declare that a quorum is present. 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 Richard Levandov and Ronen Faier to serve as Class II directors for a term ending in 2029. 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 2026 fiscal year. That was the final item of business for today's meeting. If you wish to vote and you 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've 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 24th, 2026. The polls are now closed for voting. The Inspector of Election will count the votes. I've received the preliminary report of the Inspector of Election. The final report of the Inspector of Election will be kept with the company's records of the annual meeting. Based on the preliminary report of the Inspector of Election, Richard Levandov and Ronen Faier have been elected as Class II directors. The appointment of Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, as our independent auditor for fiscal year 2026, 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. 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. Maayan, are there any questions that have been submitted?
Yes, there's one question that has been submitted by one shareholder. However, we should answer only on the basis of information which is not material non-public information. The question is, "Can you briefly discuss the initial interest we are getting for our new Avatar focus capabilities from customers not currently using a legacy offering?" This is the question. This question relates to material non-public information. It requires a brief, this is not according to the rules of conduct of the meeting. Thus, please proceed.
Okay, I understand that there are no questions that adhere to the rules of conduct for today's meeting, therefore, we will proceed to our closing remarks. We invite any and all investors to reach out to our IR group in order to receive answers to their questions outside of this call. We would be very happy to address everything within the rules, of course. With that, given that there's no questions that do adhere to the rules of conduct for this specific meeting, I will proceed with the closing remark. 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 does conclude our annual meeting. Thank you all.
That concludes the meeting today. You may now disconnect.