Welcome to the 2026 annual meeting of LENSAR Inc. stockholders. I would like to introduce you to Dr. William Link, Chair of LENSAR Inc.'s Board of Directors. Please go ahead, sir.
Thank you. I am pleased to welcome you to LENSAR's 2026 annual meeting of stockholders. Your vote is important to us. If you haven't already done so, please vote at the indicated time during this meeting. On behalf of the Board of Directors and management, I want to thank you not only for your participation in this meeting, but also for your continued support. I would now like to introduce Nick Curtis, Chief Executive Officer of LENSAR Inc.
Thank you, Bill. Before starting the meeting, I would like to introduce you to the other members of our Board of Directors who are with us today. In addition to our Chair of the Board, Dr. William Link, who you met just a moment ago, we have Elizabeth O'Farrell, our Chair of the Audit Committee, Dr. Richard Lindstrom, our Chair of the Compensation Committee, Gary Winer, our Chair of the Nominating and Corporate Governance Committee, and Aimee Weisner, Tom Ellis, and Todd Hammer, our other members of the board. I would also like to introduce Yvonne Lujan, a partner with PricewaterhouseCoopers LLP, the company's independent registered public accounting firm, who is with us today and available to answer questions if any arise. Mike Rossi, LENSAR's Interim Chief Financial Officer, will act as the secretary of the meeting. The meeting is now officially called to order.
When you joined today's virtual meeting, an agenda should have launched on your screen. Please note at the bottom of your screen are the instructions and procedures for the meeting. To conduct an orderly meeting, we ask that participants abide by these procedures. We will proceed with the formal business of the meeting as set forth in the proxy statement. Only stockholders of record as of June 10th, 2026, or their duly authorized proxy holders are entitled to vote or submit questions during the meeting. You need not vote at this meeting if you've already voted by proxy. If you wish to change your vote or if you have not voted, you can vote or change your vote at any time once the polls have opened and before the polls close.
After the formal part of the meeting is concluded, we will answer any questions you may have as time permits. You may submit questions through the web portal. Not all questions may be answered. If you wish to address the meeting, please submit your name and question through the designated field on the web portal. If you do not submit your name with your question, we may not be able to answer it. Please note that this meeting is being recorded. No one attending via the webcast or telephone is permitted to use any audio or video recording device. Will the secretary please report at this time with respect to the mailing of the notice of the meeting and the stockholders list?
I also have an affidavit of mailing establishing that notice of the annual meeting will be distributed or made available on June 3rd, 2026, to all stockholders as of the close of business on June 10th, 2026. The notice of the meeting and affidavit of mailing will be attached to the minutes of the meeting. Resolutions were adopted by the Board of Directors providing for the meeting to be held virtually at this time and directing that notice be given. The Board of Directors also fixed June 10th, 2026, as the record date for determining persons entitled to notice of and to vote at this meeting.
At this time, I would like to introduce Paul Ramirez of American Election Services, LLC. Mr. Ramirez has been appointed to act as Inspector of Election at this meeting. His function is to decide upon the qualification of voters, accept their votes, and when balloting on all matters have been completed, to tally the final votes. Mr. Ramirez has taken and subscribed to the customary oath of office to execute his duties with strict impartiality. We will file this oath with the minutes of the meeting. Will the Inspector of Election please report at this time with respect to the existence of a quorum?
As of the record date, 12,281,581 shares of the company's common stock were issued and outstanding, and 20,000 shares of the company's Series A preferred stock were issued and outstanding. The holders of preferred stock, together with the holders of common stock, vote as a single class on each proposal. As of the record date, the holders of common stock were entitled to a total of 12,281,581 votes, and the holders of the Series A preferred stock were entitled to a total of 7,940,446 votes, representing 20,222,027 votes in the aggregate. Proxies have been received for 18,306,009 of the 20,222,027 votes, which represents 90.52% of the total number of votes. This constitutes a quorum for the meeting today, since the holders of a majority in the voting power of the company's issued and outstanding shares entitled to vote is represented in person or by proxy at today's meeting.
Mr. Curtis, you may now carry out the official business of the meeting.
Thank you, Mr. Ramirez. We'll now proceed with the formal business of the annual meeting.
Thanks, Nick. The time is now 11:06 A.M. Eastern Time on August fourth, 2026, and the polls are now open for voting on all matters to be presented. Any stockholder who has not yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and by following the instructions there. Stockholders who have sent in proxies or voted by internet or telephone and do not want to change their vote do not need to take any action.
The annual meeting has been called to vote on the following proposals. The first item of business is the election of three Class III directors, each to serve for a three-year term, expiring at the company's annual meeting of stockholders to be held in 2029 and until his respective successor has been duly elected and qualified. Thomas B. Ellis, Richard L. Lindstrom, and William J. Link are the nominees standing for re-election at this annual meeting. Information regarding each of their qualifications is contained in the proxy statement. In accordance with the advance notice provision in the company's bylaws, stockholders are required to provide advance notice of their intent to nominate candidates for directors. No nominations may be made for this meeting. Therefore, I declare nominations to be closed. A motion to elect these three directors is now in order.
The second item of business today is the ratification of the Audit Committee's appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2026. The third item of business today is to approve, on an advisory non-binding basis, the compensation of our named executive officers. The fourth item of business today is to approve, on an advisory non-binding basis, the frequency of future advisory non-binding votes on the compensation of our named executive officers.
We will now address any questions submitted from stockholders in accordance with the rules of conduct for the meeting.
There are no questions related to the proposals at this time. We'll now briefly pause for the submission of any final votes. The time is 11:09 A.M. Eastern Time on August fourth, 2026. The polls are now closed for voting. The list of stockholders is no longer available for viewing online, and the web portal is closed to questions. Mr. Ramirez, may we have the preliminary results of the voting?
Based on the preliminary report of the Inspector of Election covering the proposals presented at this meeting, each of Thomas B. Ellis, Richard L. Lindstrom, William J. Link has been elected to serve on the Board until the annual meeting to be held in 2029. The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, is ratified. The compensation of the company's named executive officers is approved on an advisory non-binding basis. The frequency of every one year for future advisory non-binding votes on the compensation of the company's named executive officers has been approved. I will furnish the secretary with a written report of the final vote count to the matters voted on today.
The final vote count will be included in the minutes of the meeting. A full tally of the votes will be published in a current report on Form 8-K, which will be filed with the Securities and Exchange Commission within four business days of this meeting.
This concludes today's annual meeting. I would like to thank you all for attending.
This now concludes the meeting. Thank you for joining, and have a pleasant day.