I'll be acting as the Chair of this annual meeting, and I'm very happy to welcome you to the Katapult Holdings, Inc. 2026 Annual Meeting of Shareholders. As you know, we are hosting today's meeting through a virtual online platform. This allows us to be more inclusive and reach a greater number of shareholders. With that in mind, I wanna thank you all for taking the time to join us. We will conduct the business portion of our meeting first and host a question and answer session at the end of the meeting. Though we may not be able to answer every question, we will do our best to provide a response to as many as possible. If a question posed is not answered during the meeting, such questions may be raised separately after the annual meeting by contacting investor relations at ir@katapult.com.
At this time, it is 10:01 A.M. Eastern Time on Thursday, April 30, 2026. The meeting is now officially called to order. The polls are now open for voting on all matters to be presented. Before we proceed with the formal business of the meeting, I'd like to introduce you to the members of the board and management who are with us today. One moment. In addition to me, the other members of the board with us today virtually are Don Gayhardt , Chairman of the Board, Philip Bartow , Greg Zink, and Derek Medlin . From the management team, we have Nancy Walsh , our Chief Financial Officer. I'd like to thank our board members and members of our management team for their dedication and service.
I would also like to introduce Michael Pramberger of Grant Thornton LLP, the company's independent registered public accounting firm, and Kirk Summers, who is today's inspector of election, both of whom are also in attendance virtually. You should all have a copy of the rules of conduct for this meeting. In order to conduct an orderly meeting, we ask that you follow these rules. We will now proceed with the formal business of the meeting in the order set forth in the notice of the annual meeting and proxy statement. After the formal meeting has been adjourned, we'll move to the question and answer session. Only validated stockholders may ask questions in the designated field in the web portal. Out of consideration for others, please limit yourself to one question.
Please note that questions must conform to the guidelines set forth in the rules of conduct. This meeting is being recorded. No one attending via webcast or telephone is permitted to use any audio recording device. As mentioned earlier, the polls are open for voting on all matters to be presented. Each share of common stock is entitled to one vote. After I describe each item to be voted on, we will close the polls. We will not accept ballots, proxies, revocations, or changes after the closing of the polls. If you have already submitted your vote by proxy and do not wish to change your vote, you do not need to vote again, and your votes will be voted as previously instructed.
If you intend to vote and have not done so already, you must submit your vote online now in order for it to be counted. If you have not voted, I encourage you to vote online now. I have with me a complete list of the holders of record of the company's common stock as of March 16th, 2026, the record date for this meeting. A list of stockholders of record has been made available on this online platform for inspection by stockholders of record during this meeting for any reasons related to the business of this meeting. I also have an affidavit certified by Broadridge Financial Solutions, Inc.
On March 2026, a notice of annual meetings of stockholders of the company was deposited in the United States Mail to shareholders of record as of the close of business on March 16th, 2026. The Inspector of Election for this meeting is Kirk Summers. He has taken and subscribed a customary oath of office to execute his duties with strict impartiality. We will file this oath with the records of this meeting. Mr. Summers' function is to decide upon qualification of voters, accept their votes, and when validating all matters is completed, to tally the final votes.
We are informed by the inspector of election that there are representative in person or by proxy shares of common stock representing more than a majority of the voting power of all issued and outstanding stock entitled to vote on the record date. The quorum is present for the meeting today, and we may now carry out the formal business of the meeting. We will now proceed with the proposals. There are three proposals to be considered by the stockholders at this meeting. One, election of directors. The first item of business is the election of one nominee Class II Director to serve on the Board of Directors for the three-year term until the company's 2029 annual meeting of stockholders. The nominee Class II Director is Derek Medlin. Number two, ratification of selection of independent registered public accounting firm.
The second item today is the ratification of the selection of the Audit Committee by the Audit Committee of the Board of Directors of Grant Thornton LLP as the Independent Registered Public Accounting Firm of the company for fiscal year ending December 31, 2026. Proposal three, approval of non-binding advisory resolution approving the compensation of named executive officers. The third and final item of today's business is the approval of the non-binding advisory resolution approving the compensation of the named executive officers. That was the final proposal for today's meeting. Any stockholder who has not voted or who wishes to change his or her vote may do so by clicking on the Vote Here button located at the bottom right corner in the webcast portal following the instructions provided.
Stockholders who have submitted proxies and who have previously voted via the Internet or phone and who do not wish to change their vote do not need to take further action. Their votes will be counted automatically. If you wish to vote your shares online, please do so now. The polls will be closing shortly. The Inspector of Election will not accept any votes once the polls close. The time is now 10:00 A.M. Eastern Time, and the polls are now closed for voting. May I have the results of voting? The Inspector of Election has provided us with preliminary results and confirmed that we have received the necessary votes required to pass the following. One. Derek Medlin has been elected as a Class II Director to serve until our 2029 annual meeting of stockholders.
Two, the appointment of Grant Thornton LLP as the company's independent registered public firm for the fiscal year ending December 31st, 2026, has been ratified. Three, the proposal to approve of a non-binding advisory resolution approving the compensation of the named executive officers has been approved. A full tally of the votes will be published in a current report on Form 8-K, which will be filed by the Securities and Exchange Commission within the next four business days. This concludes the formal portion of our meeting, and the annual meeting is now adjourned. We will now allow time for general questions regarding the topics of this meeting of stockholders received in an online portal during the meeting. Similar questions may be combined so that we may have time to answer the questions on a variety of topics.
Due to time constraints, we may not be able to answer all questions. Please note that our discussion today may include forward-looking statements that are subject to significant risks and uncertainties, and our actual results may differ materially from those discussed here. These forward-looking statements should be considered in conjunction with the cautionary statements contained in the earnings release and on Form 10-Q for the quarter ended March 31, 2026, as well as the subsequent periodic and current reports of the company files with the SEC. These statements reflect management's current beliefs, assumptions, and expectations and are subject to a number of factors that may cause actual results to differ materially from these statements. The information contained in this call is accurate only as of the date discussed.
Except as required by law, the company undertakes no obligation to publicly update or revise any of these statements, whether as a result of any new information, future events, or otherwise. Mr. Medlin, are there any questions?
Orlando, we have no questions at this time.
All right. Thank you, Derek. This concludes the question and answer portion of our annual meeting. Once again, if you have any further questions, you may contact Investor Relations at ir@katapult.com. Thank you, fellow board members, our management team in attendance, and to Grant Thornton for participating in our annual meeting of stockholders. Thank you all for our stockholders for your continued support. Thank you very much.