Good morning, and welcome to the 2026 virtual annual meeting of shareholders of OFG Bancorp. My name is José Rafael Fernández I am the CEO and Chairman of the board of directors of OFG Bancorp. The board has designated me to preside this meeting o ur meeting is being conducted virtually to allow our shareholders, board of directors, and management to more easily participate. The agenda for this meeting is broadcast to our virtual meeting website. The agenda calls for us to open the meeting, read and approve the minutes of the previous meeting, formally consider the proposals submitted to shareholders, answer any questions submitted by shareholders, close and tally the voting, and then conclude the meeting. We will proceed expeditiously through the agenda of today's meeting.
For information on the results of OFG Bancorp for 2025 and the first quarter of 2026, which we announced yesterday, please refer to your attendees' materials. If you have logged into the meeting as a shareholder, you may submit a question by clicking the Q&A button on your screen. Questions related to our most recently published financial results or the matters voted at the meeting will be addressed to the extent possible prior to the closing of the polls. We will do our best to answer as many questions as time allows. To give everybody a chance to ask a question we will limit each shareholder to one question or topic. Questions and answers may be grouped by topic, and substantially similar questions will be grouped and answered once. Please note that most of the shareholders have voted by proxy and their votes have already been counted.
I hereby call the meeting to order with forum established by a majority of shareholders present, representing more than 90% of issued and outstanding shares. Hugh González, our General Counsel and Secretary, will serve as the secretary of this meeting and as the inspector of the election. We're also joined today by Néstor de Jesús, our Lead Independent Director. Shareholders attending the meeting can vote their shares online at any time during the meeting until the closing of the polls by logging into the meeting website as a shareholder and clicking the voting button at the bottom of your screen. If you have previously voted by proxy and do not wish to change your vote, no further action is required.
The polls will be closed after the presentation of the proposals and completion of the discussion of such proposals if any. We have available for your review on our virtual meeting platform a list of record shareholders of the company's common stock as of the close of business on March 2, 2026, provided by Equiniti Trust Company, who is our registrar and transfer agent. We will proceed to read and approve the minutes of last year's annual meeting of shareholders.
Motion to declare the minutes read and to approve the same.
I second the motion.
Thank you. The minutes of the 2025 annual meeting of shareholders are approved. At this time, we will present for consideration by our shareholders the proposals set forth in the notice of the annual meeting. The first proposal is to elect nine directors for a one-year term expiring at the 2027 annual meeting of shareholders and until their successors are duly elected and qualified. The second proposal is to provide an advisory vote on executive compensation. The third proposal is to ratify the selection of our independent registered public accounting firm for 2026. Are there any questions or comments in connection with any of the proposals?
No questions have been submitted by shareholders.
There being no further questions over these proposals, I declare the voting concluded. Inspector, please inform the results of the vote on the proposals.
Mr. Chairperson, all proposals were approved by the shareholders in accordance with the board's recommendations.
Thank you. I declare the proposals approved. As there are no other matters to be considered at this meeting, I declare this meeting concluded. Thank you all for your support.
Ladies and gentlemen, this concludes today's meeting. We thank you for participating. You may now disconnect your lines.