Good morning and welcome to the Offerpad Solutions 2025 Annual Meeting of Stockholders. I will now turn the line over to Brian Bair. Mr. Bair?
Thank you. Good morning. I'm Brian Bair, Chief Executive Officer and Chairman of the Board of Offerpad Solutions, and I'll be chairing today's meeting.
On behalf of Offerpad, our members, our management team, and all of our employees, I'm pleased to welcome you to our 2025 Annual Meeting of Stockholders. As you know, this meeting is being conducted entirely virtually via live webcast. Before we begin, I'd like to introduce you to other members of the board and the officers of the company who are with us today. My fellow directors here today are Donna Corley, Katie Curnutte, Kenneth DeGiorgio, Ryan O'Hara, and Roberto Sella. Also participating today are Peter Knag, our Chief Financial Officer, and Adam Martinez, our Chief Legal Officer and Secretary. I'd also like to introduce Travis Childs of Deloitte, our independent auditor, who will be available to respond to appropriate questions during the Q&A portion of the meeting.
Before we begin, on behalf of the company and the board, I would like to thank Sheryl Palmer, who will be stepping down from the board following today's meeting for her dedicated service since 2021 and for her many contributions to Offerpad. The meeting will now officially come to order. We will proceed with the formal business as outlined in the meeting notice and our proxy statement. I'd like to introduce Adam Martinez, who will serve as both Inspector of Election and Secretary for today's meeting. Mr. Martinez has signed the customary oath of office as Inspector, and we will file this oath with meeting records. I'll now turn the meeting over to Adam to walk us through the agenda.
Thanks, Brian. The polls open today, June 5th, 2025, at 8:02 A.M. Pacific Time for voting on all matters before the meeting. If you have 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 will find today's agenda and the rules of conduct. Please review these rules carefully. Note that only stockholders who are logged in using their unique live link will be able to vote and submit questions at today's meeting. We will file the proof of mailing of notice with the records of this meeting.
All stockholders of record at the close of business on April 11th, 2025, or holders of a valid proxy are entitled to vote at this meeting. Broadridge, our tabulation agent, has informed us that a quorum is present, and this meeting is therefore duly constituted for the transaction of business. There are three proposals to be considered by our stockholders today. The board of directors recommends a for-vote on all three proposals. The first item of business is the election of Brian Bair, Kenneth DeGiorgio, and Roberto Sella to serve as Class 1 directors of the company for a term of office expiring at the annual meeting of stockholders to be held in 2028. 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 31st, 2025.
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 have not already done so, 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 submitted your signed proxy or 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. Based on the preliminary voting results, Brian Bair, Kenneth DeGiorgio, and Roberto Sella have been elected as Class 1 directors. The appointment of Deloitte as our independent registered public accounting firm for 2025 has been ratified, and stockholders have approved on an advisory basis the compensation paid to the company's named executive officers.
The final vote tally will be published within four business days in a current report on Form 8-K filed with the Securities and Exchange Commission. I'll now turn the meeting back to Brian.
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 rules of 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. Adam, are there any questions that have been submitted?
Nope, there are no questions. You may please proceed with your closing remarks.
With that, ladies and gentlemen, this concludes our annual meeting. I want to thank you all for attending and your support of Offerpad.
This concludes today's meeting. You may now disconnect.