Offerpad Solutions Inc. (OPAD)
NYSE: OPAD · Real-Time Price · USD
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Apr 30, 2026, 2:25 PM EDT - Market open
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AGM 2024

Jun 4, 2024

Operator

Good morning, and welcome to the Offerpad Solutions Inc. 2024 Annual Meeting of Stockholders. I will now turn the line over to Brian Bair. Mr. Bair?

Brian Bair
CEO and Chairman, Offerpad Solutions Inc

Thank you. Good morning. I am Brian Bair, the Chief Executive Officer and Chairman of the Board of Offerpad Solutions, and the Chairman of today's meeting. On behalf of Offerpad, the members of our board, our management, and all of our team members, I'm excited to welcome you to our 2024 Annual Meeting of Stockholders. As you know, this meeting will be completely virtual and is being conducted via live webcast. I am joined today by fellow members of our Board of Directors. In addition, participating today are James Grout, our Senior Vice President of Finance, and Ben Aronovitch, our Chief Legal Officer and Secretary. I would also like to introduce Travis Childs of Deloitte, the company's independent auditor, who will be available to respond to appropriate questions during the question and answer portion of the meeting.

Before calling the meeting to order, on behalf of the company and the board, I would like to thank Alex Klabin, who will be stepping down from the board following today's meeting, for his service on our board and his many contributions to Offerpad. The meeting will now officially come to order. We will proceed with the formal business of the meeting as described in the notice for this meeting and our proxy statement. At this time, I'd like to introduce Benjamin Aronovitch, who will act as Inspector of Election and as Secretary at today's meeting. Mr. Aronovitch has signed the customary oath of office as Inspector, and we will file this oath with the records of the meeting. I'll now turn the meeting over to Ben to take us through the agenda.

Benjamin Aronovitch
Chief Legal Officer, Offerpad Solutions Inc

Thanks, Brian. The polls opened today, June fourth, 2024, at 8:00 A.M. Pacific Time for voting on all matters before the meeting. If you've not already voted and wish to vote, the polls will remain open until we finish presenting the proposals and close the polls. You do not need to vote during the meeting if you have already voted and do not wish to change your vote. On the virtual meeting webpage, you'll find the agenda for the meeting. You'll also find the Rules of Conduct for today's meeting. Please review these rules carefully. Note that only stockholders who are logged into the meeting using their unique live meeting link will be able to vote and submit questions at today's meeting. We will file the proof of mailing of notice of the meeting with the records of this meeting.

All stockholders of record at the close of business on April 11, 2024, or holders of a valid proxy, are entitled to vote at this meeting. We've been informed by Broadridge, our tabulation agent, that a quorum is present at this meeting, and we are therefore duly constituted for the transaction of business. There are three proposals to be considered by our stockholders today. The Board of Directors recommends that stockholders vote for all three proposals. The first item of business is the election of Sheryl Palmer and Ryan O'Hara to serve as Class III Directors of the company for a term of office expiring at the Annual Meeting of Stockholders to be held in 2027.

The second item of business is the ratification of the Audit Committee's appointment of Deloitte & Touche LLP as the independent registered public accounting firm of the company for the year ending December 31, 2024. The third item of business is the approval on a non-binding advisory basis of the compensation paid to the company's named executive officers. If you wish to vote and haven't done so already, please vote now by clicking on the voting button on the web portal and following the instructions. You do not need to vote electronically if you have already sent in your signed proxy or if you have voted by telephone or internet. We will pause for approximately 30 seconds before closing the voting polls. The time is now 8:04 A.M. Pacific Time, and the polls are now closed for voting.

Based on the preliminary voting report, Sheryl Palmer and Ryan O'Hara have been elected as Class III directors. The appointment of Deloitte as our independent registered public accounting firm for 2024 has been ratified, and stockholders have approved on an advisory, non-binding basis, the compensation paid to the company's named executive officers. The final tally of the votes will be published within four business days in a current report on Form 8-K, to be filed with the Securities and Exchange Commission. I'll now hand the meeting back to Brian.

Brian Bair
CEO and Chairman, Offerpad Solutions Inc

Thank you, everyone. Our meeting is now formally adjourned. The management team and I are now available to answer any questions. Please note that we will only be answering questions that are within the parameters described in the Meeting of Rules and Conduct, and only stockholders who have logged into the meeting using their unique live meeting link are able to submit a question through the question area of the web portal. Ben, are there any questions that have been submitted?

Benjamin Aronovitch
Chief Legal Officer, Offerpad Solutions Inc

No, there are no questions. Please proceed with your closing remarks.

Brian Bair
CEO and Chairman, Offerpad Solutions Inc

With that, ladies and gentlemen, this concludes our annual meeting. I want to thank you all for attending and for your support of Offerpad.

Operator

This concludes today's meeting. You may now dis-

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