Good morning, and welcome to the 2026 Annual Stockholders Meeting of Kinetik Holdings Inc. I am Jamie Welch, Chief Executive Officer, President, and Director of Kinetik. It is my pleasure to welcome you here today for this meeting. We're excited to be hosting our virtual meeting, which allows us to be more inclusive and reach a greater number of our stockholders. We have stockholders attending via the web portal.
Consistent with our practice, we will proceed through the formal business of today's meeting and any appropriate-- T o be addressed individually following the conclusion of this meeting. I now call our annual stockholders meeting to order. We are joined here today by members of our Board of Directors, KPMG, our Independent Auditors, and Ms. Anne Bruner, who has been appointed as the Inspector of Elections for this meeting and has taken the required oath of office, which will be filed with the minutes of this meeting. I would like now to introduce you to Lindsay Ellis, General Counsel. She will also serve as the Secretary of this meeting.
You should have access to the agenda and rules of comment for the meeting via the web portal. Only validated stockholders may ask questions in the designated field on the web portal at any time during the meeting. Out of consideration for others, please limit yourself to two questions. We will answer any questions that are appropriate and germane to the meeting individually with stockholders following the conclusion of this meeting. Please note that this meeting is being recorded. However, no one attending via the webcast or telephone is permitted to use any audio or video recording devices. The Board of Directors fixed March 27th, 2026 as the record date for determining stockholders entitled to vote at this meeting.
An affidavit has been delivered attesting to the fact that a notice of Internet availability of the notice of the meeting, the proxy statement, and the 2025 annual report to stockholders were mailed on or about April 8th, 2026 to all stockholders as of the record date and will be incorporated into the minutes of this meeting. A list of stockholders as of the record date is available for inspection during this meeting via the web portal and will be filed with the minutes of this meeting. We have kept a duplicate stockholder list on file and available for inspection at the company's office in Houston for the past 10 days.
The stockholder list shows that as of the record date, there were 68,802,183 shares of the company's Class A common stock and 93,557,604 shares of the company's Class C common stock outstanding and entitled to vote. Ms. Bruner has indicated that at least a majority of the voting power of all issued and outstanding shares of the company's common stock entitled to vote on the record date are present or represented by proxy at today's meeting. A quorum is present for purposes of transacting business. I will present the matters to be voted upon. Proposal 1 is the election of Directors.
The current Board has nominated David Foley, our Board Chair, Laura Sugg, our Lead Independent Director, Deborah Byers, Michael Kumar, Mark Leland, Kevin McCarthy, John-Paul Munfa, William Ordemann, Karen Putterman, and Jamie Welch for the election as Directors to hold office until the 2027 Annual Meeting of Stockholders or until their successors are duly elected and qualified. In accordance with the bylaws of the company, stockholders are required to provide advance notice of their-- No such notice was received. Therefore, I declare the nominations for Directors closed and will entertain a motion to approve this item of business.
My name is Steve Stellato, a stockholder of the company. I move to approve the proposal to elect the 10 nominees proposed in the company's proxy statement.
Proposal 2 is the advisory vote to approve the compensation paid to the company's named executive officers. This proposal is a non-binding stockholder advisory vote. In 2023, the stockholders voted that their preference was to hold such a vote on an annual basis, and the Board elected to do so. The company's executive compensation program for fiscal year 2025 are discussed in the proxy statement. May I have a motion to approve the compensation of the named executive officers?
I so move.
Proposal 3 is to ratify the appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2026. May I have a motion to ratify the appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2026.
I so move.
There were no other proposals to come before this meeting. Since no other proposals were submitted by stockholders in the manner prescribed in the company's bylaws, which requires that certain information concerning stockholders' proposals be provided to the company before the date of the meeting. Polls are now open.
Any stockholder who hasn't yet voted or wishes to change their vote may do so by clicking on the voting button in 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. Polls are now closed. We have been informed by the Inspector of Election that the preliminary vote report shows that each of the 10 nominees for election to the Board have been duly elected.
The compensation for the named executive officers has been approved by advisory vote, and the appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2026, has been ratified. We will be reporting the final vote results in a Form 8-K to be filed within four business days.
Thank you, Lindsay. I hereby request that the final report of the Inspector of Election to be filed with the minutes of the meeting. As a reminder, stockholders wishing to submit a question who have not yet done so must submit questions through the web portal before the meeting is adjourned. You've now heard the results of the voting. This completes the official business of the meeting, and I will now entertain a motion for adjournment of the meeting.
I move that the meeting be adjourned.
I now declare the meeting adjourned. Before we go, I just want to thank our stockholders for their interest and their continued support.
That concludes today's webcast. We do thank you for joining. You may now disconnect. Thank you.