Good morning, welcome to the 2026 annual meeting of shareholders of the Manitowoc Company. I am Ken Krueger, chairman of the board of the Manitowoc Company, and I'll be conducting the meeting today. We are holding our 2026 annual meeting virtually. We have worked to offer the same participation opportunities as would be provided in an in-person annual meeting, and we are pleased to have each of you in virtual attendance. It's 9:00 A.M. Central Time, and I'll call the meeting to order. If you have not voted yet, please do so now, as we will close the polls in a few minutes. You may vote by clicking on the voting button on the web portal and following the instructions there. After the formal business of the meeting has been adjourned, we will answer questions that our shareholders may have.
Before we begin the business portion of the meeting, I'd like to introduce the other directors of the company in attendance virtually. Anne Bélec, Amy Davis, Ryan Gwillim, Robert Malone, David Myers, Mark Rourke, Randy Wood, and Aaron Ravenscroft, who's also the President and Chief Executive Officer of the company. Thank you, ladies and gentlemen. I'd also like to thank Anne M. Cooney for her 10 years of service as a director of the company.
We thank Anne for her experience and the expertise that she brought to the company during her tenure. Next, I'd like to introduce the other Executive Officers of the company in attendance virtually. Brian Regan, Executive Vice President and Chief Financial Officer. Les Middleton, Executive Vice President, Americas and Mobile Cranes, and Jennifer Peterson, Executive Vice President, Chief Legal and People Officer and Secretary. Thank you.
Also in attendance virtually is Matt DeChamps from Deloitte & Touche LLP, the company's appointed independent registered public accounting firm for the year ending December 31st, 2026. Mr. DeChamps will be available to answer appropriate shareholder questions at the end of this meeting. It is 9:03 A.M. Central Time, since everyone has now had the chance to vote, I hereby declare that the polls are closed. Please note that this meeting is being recorded. However, no one attending via the webcast is permitted to use any audio recording device. Ms. Peterson, our Corporate Secretary, has advised me that all the formal requirements have been met to conduct this meeting.
Under the company's bylaws, the presence of holders of a majority in voting powers of the company's common stock issued and outstanding and entitled to vote at the annual meeting, in person or represented by proxy, constitutes a quorum. A preliminary tally by the Inspector of Elections indicates that a quorum is present. For your information, as of the close of business on March 2, 2026, the record date for determining shareholders entitled to vote at this meeting, 35,908,248 shares of the company's common stock were outstanding, with each share being entitled to one vote on all matters properly brought before the meeting.
A certified list of shareholders entitled to vote at the meeting is available and may be inspected by any shareholder via the web portal for this meeting by using your control number found on your proxy card. Ms. Peterson will file the list of shareholders with the records of the company and file the notice regarding the internet availability of proxy materials and the notice of meeting and proxy statement, proxy card, 2025 annual report, and affidavit of mailing with the minutes of the meeting. Legal notice of this meeting has been given, and there is a quorum of common stock present. The meeting is therefore lawfully convened and ready to transact business. The meeting has been called to consider and vote upon the following items of business, each of which is described in detail in the company's 2026 proxy statement.
Proposal 1, the first item of business is the election of nine directors for one-year terms expiring at the 2027 annual meeting of shareholders. The nominees are Anne Bélec, Amy Davis, Ryan Gwillim, Kenneth Krueger, Robert Malone, David Myers, Aaron Ravenscroft, Mark Rourke, and Randy Wood. The Company's bylaws require prior notice of any other nomination for director. Since there were none, the nominations are closed. Based on a preliminary count by the Inspector of Elections of the proxies and ballots submitted prior to this meeting and or voted at this meeting, each of the nine nominees has been elected to the board of directors with the requisite majority of the votes cast at this meeting. The second item of business is the approval of Company's 2025 Omnibus Incentive Plan as amended and restated.
Based on a preliminary count by the Inspector of Elections of the proxies and ballots submitted prior to this meeting and or voted at this meeting, the company's 2025 Omnibus Incentive Plan, as amended and restated, has been approved by a majority of the votes cast at this meeting. The third item of business is the ratification of the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the year ending December 31st, 2026. Based on a preliminary count by the Inspector of Elections of the proxies and ballots submitted prior to the meeting and or voted at this meeting, the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the year ended December 31st, 2026, has been ratified by a majority of the votes cast at this meeting.
The fourth and final item of business is the advisory vote to approve the compensation of the company's named executive officers as disclosed in the company's 2026 proxy statement. The resolution being presented for shareholder approval is set forth in the 2026 proxy statement. Based on a preliminary count by the Inspector of Elections of the proxies and ballots submitted prior to this meeting and or voted at this meeting, the compensation of our named executive officers, as disclosed in the company's 2026 proxy statement, has been approved on an advisory basis by a majority of the votes cast at this meeting. There being no other business for this meeting, the formal meeting of the shareholders of The Manitowoc Company is now officially adjourned. The company's conference call to discuss its first quarter 2026 results is tomorrow at 9:00 A.M. Central Time.
The conference call is available via webcast, and a link to access the call can be found on the Events and Presentation section of the company's website. We look forward to sharing an update of the company at this time. At this point, we will answer shareholder questions germane to the meeting. I remind you that Mr. DeChamps from Deloitte & Touche is available to respond to appropriate questions you may have. Okay. At this time, I'd like to conclude by thanking you once again for virtually attending the 2026 annual meeting of the shareholders of The Manitowoc Company.
The conference has now concluded. Thank you for attending today's presentation, and you may now disconnect.