Good morning and welcome to the Offerpad Solutions Inc Special 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 board members, our management team, and all of our employees, I'm pleased to welcome you to our Special Meeting of Stockholders. As you know, this meeting is being conducted entirely virtually via our live webcast. Also participating today is Adam Martinez, our Chief Legal Officer and Secretary. The meeting will now officially come to order. We will proceed with the formal business as outlined in the meeting notice and our definite proxy statement. As mentioned, I am joined today by 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 will file this oath with the meeting records.
I'll now turn the meeting over to Adam to walk us through the agenda.
Thank you, Brian. The polls open today, July 30th, 2025, at 9:00 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 web page, you will find the agenda for the meeting. You will 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 at the meeting with the records of this meeting.
All stockholders of record at the close of business on June 20th, 2025, or holders of a valid proxy are entitled to vote at this meeting. We have been informed by Broadridge, our tabulation agent, that a quorum is present and this meeting is therefore duly constituted for the transaction of business. There are two proposals to be considered by our stockholders today. The Board of Directors recommends a for-vote on both proposals. The first item of business is the approval of an amendment to the company's 2021 Incentive Award Plan to, among other things, increase the number of shares of the company's Class A common stock available for issuance thereafter. We will refer to this as Proposal 1.
The second item of business is the approval of an adjournment of the special meeting, if necessary, to solicit additional votes if there are insufficient votes to adopt the proposal referenced in Proposal 1. If you wish to vote and haven't 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've already submitted your signed proxy or voted by telephone or internet. We'll pause for approximately 30 seconds before closing the voting polls. The time is now 9:03 A.M. Pacific Time, and the polls are now closed for voting. Based on the preliminary voting result, the amendment to the 2021 Incentive Award Plan has been approved. The adjournment proposal has also been approved.
The final vote tally will be published within four business days in either a current report on Form 8-K or our periodic report on Form 10-Q for the period ended June 30th, 2025, to be filed with the Securities and Exchange Commission. I will 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?
Thank you, Brian. We have not received any questions at this time. Please go ahead with closing remarks.
With that, ladies and gentlemen, this concludes our special meeting. I want to thank you all for attending and your support of Offerpad .
This concludes today's call. You may now disconnect.