Good morning. Welcome to the 2026 Annual Meeting of Stockholders of Lument Finance Trust, Inc. The meeting will be chaired by Mr. James Flynn, Chairman of the Board of Lument Finance Trust.
Good morning. Welcome to the 2026 Annual Meeting of Stockholders of Lument Finance Trust, Inc. The meeting will be chaired by myself, James Flynn, Chairman of the Board of Lument Finance Trust. Today, joining me are the directors, Neil Cummins, William Houlihan, Chris Hunt, Walter Keenan, and our officers, Greg Calvert, President, James Briggs, CFO, Sean Quinn, Head of Accounting, Zach Halpern, Managing Director of Portfolio Management, and Stephanie Culpepper, Corporate Secretary. David Freed, representing our outside counsel, Mayer Brown LLP, and Anthony Scalise and Jennifer Stemple, representing our independent auditor, KPMG, are present as well. I will act as chairperson of the meeting. Stephanie Culpepper has been designated and taken her oath as Inspector of Election. Ms. Culpepper will act as secretary of the meeting. Ms. Culpepper has advised me that a quorum is present. I now call the meeting to order.
Stockholders need their control number to participate actively via the web. Stockholders who have misplaced their control number may participate as a guest. The guest function is a listen-only function. Stockholders using the guest function may not vote by ballot at the meeting or ask questions. The corporate secretary has delivered an affidavit of distribution establishing that notice of this meeting was duly given. A copy of the notice of meeting and affidavit of distribution will be incorporated into the records of this meeting. All holders of record of LFT's common stock at the close of business on April 14th, 2026, are entitled to vote at the annual meeting. We can now transact the formal business of this stockholders' meeting. We will conduct the business portion of our meeting first and then answer general questions.
The matters to be voted on at this meeting are listed in the company's proxy statement. First, we will address each of the proposals of the formal business and any questions concerning those proposals. The company has not received notice from any of its stockholders of any matter to be considered at today's meeting, and therefore, no proposals other than those listed in the company's proxy statement may be properly introduced by stockholders. Stockholders need their control number to vote on or to ask questions with regard to the proposals. The first item on the agenda is the election of directors. The nominees for directors, as set forth in the proxy statement, are Neil A. Cummins, James P. Flynn, William A. Houlihan, James C. Hunt, Walter C. Keenan, and Marie D. Reynolds. Each director, if elected, will serve for a term of one year.
The second item on the agenda is the advisory vote on the compensation of the company's named executive officers, as described in the executive compensation section of the proxy statement. The third and final item on the agenda is the proposal to ratify the company's selection of KPMG as the company's independent registered public accounting firm for the year ending December 31, 2026. Questions from stockholders pertaining to the items to be voted upon may now be submitted. If your question does not pertain to the items to be voted upon, please submit your question after the voting is completed. I now declare the polls open for voting at 10:04 A.M. Any stockholder who has not voted or who wishes to change her or his vote may do so by clicking on the voting button on the web portal and following the instructions there.
Stockholders who have voted by proxy should not vote again unless they wish to change their vote. We will now pause for voting. Now that everyone has had the opportunity to vote, I declare the polls are now closed at 10:05 A.M. Stephanie Culpepper, will you please provide a report on the preliminary results of the vote?
As Inspector of Election, I have completed a preliminary count of the ballots and proxies voted at the annual meeting. There were sufficient votes to approve the election of all the nominees for director, approve the compensation of the company's named executive officers as disclosed in the executive compensation section of the proxy statement, and ratify the selection of KPMG as the company's independent registered public accounting firm for the year ending December 31, 2026. I will deliver a final report of the Inspector of Election that will be included as part of the record of this meeting. The final voting results will be included in the company's current report to be filed with the Securities and Exchange Commission within four business days.
That concludes the official business of the meeting. Before we turn to more general Q&A, I will close the official portion of the meeting by declaring this annual meeting to be adjourned. We will accept questions regarding the business of the company. Please submit your question via the web portal. Please note that we will answer as many questions as time allows, but only questions germane to the meeting will be addressed. We will now end today's event. Once again, we thank you for your ongoing support of LFT. We greatly appreciate your confidence. Thank you for joining the Lument Finance Trust 2026 Annual Meeting of Stockholders.
The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.