Good afternoon. Welcome to the LiveWire 2026 Virtual Stockholder Meeting. At this time, I would like to turn the call over to Shawn Collins, Director of Investor Relations.
Good afternoon, everyone. Welcome to the 2026 LiveWire Annual Stockholder Meeting. Today, LiveWire Group, Inc's CEO, Karim Donnez, will be providing a business update. Next, General Counsel and Board Secretary, Allen Gerrard, will assist Karim in conducting our official items of business. Lastly, we'll take your questions, which you can submit using the Ask a Question function on your screen. Please note, we are only answering questions specific to the items of business at this meeting. Our comments and answers to your questions today will include forward-looking statements that are subject to risks that could cause actual results to be materially different. Those risks include, among others, matters we have noted in our latest earnings release and filings with the SEC. LiveWire disclaims any obligation to update information from this meeting. With that, I'll hand it over to Karim.
Thanks, Shawn. To begin, I'd like to recognize our Board of Directors. Our directors play a critical role in shaping the company's future, and we deeply value the experience, judgment, and oversight they bring. Our vision is to lead the next generation of motorsports with products that combine cutting-edge design with some of the most advanced technology in the industry at the most competitive value proposition. Our strategic priorities include, number one, leading technology. LiveWire has always prioritized investment in the core EV systems, from our battery pack to motor to electronics and systems. We also leverage and enhance technologies made available by our business partners and investors to offer the best riding experience and the best value for money. Our second priority is unmatched customer experience. LiveWire's go-to-market model allows for a consumer-defined journey across digital and physical platforms for an omni-channel experience.
With retail partners across the U.S., Canada, and Europe, we continue to add sales and service points to reach a growing base of riders. Next, maximize resources. Our path to profitability is built on a push to design and source content that delivers world-class performance while continually looking at options to design to cost. We carefully manage cash to optimize user funds within the parameters in which we are operating and strive to maximize the return on our investments. Our fourth priority is build the LiveWire Group brand by continuing to develop a comprehensive pipeline of future products, from advanced electric motorcycles to youth-focused balance bikes. Our last represent a vision for the future. One that blends performance, accessibility, and global reach.
2025 marked an important year of progress for LiveWire as we continued to strengthen our leadership position while we also deliberately expanded our reach and sharpened our product strategy in a dynamic global EV market. Internationally, we took meaningful steps to broaden our footprint. We entered new European markets and advanced the most scalable go-to-market approach. These actions reflect our commitment to building a durable global presence while positioning LiveWire to capture long-term growth as electric motorsport adoption continues to evolve globally. At the same time, we expanded and refined our product portfolio to reach new riders and broaden demand. The global introduction of the S2 Alpinista continued momentum in STACYC, and strong customer response to our next generation S4 Honcho platform reinforced our strategy of introducing accessible, compelling products across multiple segments.
Throughout the year, we maintained and strengthened our leadership position in the U.S. electric motorcycle market, delivered record-setting quarters, increased market share, and ended 2025 in the number one position in U.S. on-road electric motorcycle retail sales. This performance reflects disciplined execution, focused investment, and the dedication of our team and dealer partners. As we move forward, we remain focused on building on this momentum, bringing new and affordable products in new segments of the market, expanding internationally, and enhancing profitability while continuing to be the leader in the electric motorsports category. We believe these priorities position LiveWire to create long-term value for stockholders. Now, the LiveWire Group, Inc 2026 Annual Stockholder Meeting is officially called to order. I will ask our General Counsel and Board Secretary, Allen Gerrard, to help us through the formal portion of the meeting.
Thank you, Karim. March 23rd, 2026, was the record date for determining stockholders entitled to notice of, and to vote at, this meeting. Stockholders as of the record date should have received by mail or electronically a notice of the 2026 Annual Meeting, which also served a notice of the Availability of Proxy Materials. All proxies received by the company prior to the meeting have been delivered to the election judge. A copy of the Affidavit of Mailing and the tabulation of stockholders present on a virtual basis or by proxy will be available for inspection after the meeting. I have been advised that a quorum is represented at this meeting. We are ready to conduct the formal business of this meeting. John Holewa from American Election Services will act as the Inspector of Election.
The matters to be voted on at this meeting are listed in our proxy statement. The company has received no timely requests to place additional items of business on the agenda. For a request to have been included on the agenda today, the company must have received the request no later than February 13th of this year, as required by our Amended and Restated Bylaws. Information regarding next year's meeting requirements is included in this year's proxy statement. A stockholder as of the record date who has not yet voted may do so now by clicking the voting button on the web portal and following the instructions. No further action is necessary for stockholders who have sent in proxies or already voted via the internet or by telephone. The first item of business to be acted upon at this meeting is the election of seven directors to the company's Board.
Details about the directors' backgrounds and qualifications can be found in the proxy statement. The nominees are Chairman Jonathan Root and directors William Cornog, Kjell Gruner, Glen Koval, Paul Krause, Hiromichi Mizuno, and Bryan Niketh. The second item of business is the ratification of KPMG as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2026. A representative of KPMG is in attendance. At this time, we'll pause to ensure all votes are in. The polls are now closed for voting at the 2026 Annual Meeting. Now we will complete the formal portion of the meeting. Our Inspector of Election completed the vote count on a preliminary basis. For Item 1, I've been informed that the votes cast were sufficient to approve the election of all the director nominees. Congratulations to all the directors.
Regarding Proposal 2, stockholders voted to ratify the selection of KPMG as the company's independent auditors for 2026. As there are no other matters of business at this time, we now officially adjourn the 2026 LiveWire Group, Inc Annual Meeting of Stockholders. We'll open it up for questions that are specific to the items of business at this meeting as time permits.
Thank you, Allen. Joining us for the question- and- answer portion of the meeting is Jonathan Root, Chairman of the Board. Welcome, Jonathan. At this point in time, we do not have any applicable questions relating to the items of business at this meeting. As there are no questions, this concludes LiveWire's Annual Stockholder Meeting. Thank you for joining us today.
This concludes today's call, and you may now disconnect.