Good morning, welcome to the Offerpad Solutions Inc. 2026 annual meeting of stockholders. I'll 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 2026 Annual Meeting of Stockholders. As you know, this meeting is being conducted entirely virtually via live webcast. I am joined today by fellow members of our board of directors. 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. 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 the meeting records. I'll now turn the meeting over to Adam to walk us through the agenda.
Thanks, Brian. The polls opened today, June 3rd, 2026, at 9:00 A.M. Pacific Time for voting on all matters before the meeting. If you have not already voted and you wish to vote, the polls will remain open until we've finished 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 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 with the records of this meeting.
All stockholders of record at the close of business on April 9th, 2026, or holders of a valid proxy are entitled to vote at this meeting. Broadridge, our tabulation agent, has advised that a quorum is present, and this meeting is therefore duly constituted for the transaction of business. There are four proposals to be considered by our stockholders today. The board of directors recommends a vote for on all four proposals. The first item of business is the election of Donna Corley and Tela Mathias to serve as Class II Directors of the company for a term of office expiring at the annual meeting of stockholders to be held in 2029. 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, 2026.
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. The fourth item of business is the approval of amendments to our Fourth Restated Certificate of Incorporation to effect a reverse stock split of our Class A common stock at a ratio ranging from any whole number between one for five and one for 50, as determined by our board of directors in its discretion and subject to the board's authority to abandon such amendments. 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 will now pause for approximately 30 seconds before closing the polls.
The time is now 9:05 A.M. Pacific Time, and the polls are now closed for voting. Based on the preliminary voting results, Donna Corley and Tela Mathias have been elected as Class II directors. The appointment of Deloitte as our independent registered public accounting firm for 2026 has been ratified. Stockholders have approved, on an advisory and non-binding basis, the compensation paid to the company's named executive officers. The reverse stock split amendments have been approved. 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 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?
Thanks, Brian. There are not any questions, and you may proceed with your closing remarks.
With that, ladies and gentlemen, this concludes our annual meeting. I want to thank you all for attending and for your support of Offerpad.
Ladies and gentlemen, this concludes today's annual meeting. You may now disconnect.