Good morning, and welcome to Powell Industries Virtual Annual Meeting of Stockholders. I am Brett Cope, CEO and Chairman of the Board of Powell Industries, and I will be presiding at this meeting. On behalf of all the employees of Powell, I would like to welcome you to the 2026 Annual Stockholders Meeting. We are conducting this meeting virtually, which enables us to reach a greater number of our stockholders, allowing attendees to safely participate regardless of their location. As such, the means by which the meeting is being conducted and the format of today's meeting will address only the matters put forth on the agenda. Thank you to all of our stockholders and guests for participating in today's meeting via our webcast. Please remember that you can vote your shares online during this meeting prior to the closing of the polls.
I am joined here today by my fellow directors, as well as Mike Metcalf, Powell's Chief Financial and Principal Accounting Officer, who will act as Corporate Secretary of the meeting, and Ping Ni, Powell's Corporate Controller, who will assist today in the tabulation of the ballots. Also with us today is Shelley Potter from PricewaterhouseCoopers, our independent registered public accounting firm. Although PricewaterhouseCoopers has indicated that it does not wish to make a statement, representatives of PricewaterhouseCoopers are available to respond to appropriate questions after the adjournment of the meeting. Also participating in the virtual meeting today are the members of our senior leadership team. It is now shortly after 11 A.M. Central Standard Time on February 18, 2026, and this meeting is officially called to order.
Before proceeding to the business of this meeting, I would like to introduce the other members of Powell's Board of Directors, Alaina Brooks, member of the Audit Committee and the Nominating and Governance Committee; Kathy Curtis, member of the Compensation and Human Capital Committee and the Nominating and Governance Committee; Jim McGill, Chairman of the Compensation and Human Capital Committee and member of the Audit Committee; Mohit Singh, member of the Audit Committee and the Compensation and Human Capital Committee; Mark Smith, member of the Audit Committee; John Stacey, member of the Compensation and Human Capital Committee and is the presiding Lead Independent Director. And Dick Williams, Chairman of the Nominating and Governance Committee and member of the Audit Committee. For stockholders who have joined the online portal by using the control number contained in your proxy materials, you now have access to the voting tool.
If you did not have an opportunity to ask a question through the online portal used during the voting process, please contact our investor relations firm directly at powell@alpha-ir.com. All stockholders of record were notified of the date of this annual meeting and of the issues that were to be acted upon. The list of stockholders has been open for examination at the company for any purpose relevant to this meeting during ordinary business hours for the past 10 days. The list is also available for inspection during this meeting by any stockholder on the website used to access this meeting. The company has appointed Ping Ni to act as Inspector of Elections. She has previously signed an oath of office, which has been filed with the Secretary of the meeting for inclusion in the minutes of the meeting.
On January 2, 2026, the record date for this meeting, there were 12,140,483 shares of common stock outstanding and entitled to vote. I have been informed by Ping Ni, our Corporate Controller and Inspector of Elections, that the holders of more than a majority of the shares entitled to vote are present via online ballot or by proxy. Therefore, the shares so represented at this meeting constitute a quorum, and the meeting may proceed. As previously noted, the polls for voting on all matters are open. All Powell stockholders that are entitled to vote at this meeting can do so online.
If you are a stockholder entitled to vote but have not yet voted, please do so via the website that you used to access this meeting using the control number shown in the box on your proxy card. Please remember that if you already voted by proxy, it is not necessary to vote again. After voting has been completed on all matters on the agenda, we will close the polls and the Inspector of Elections will provide her preliminary report. This year, there are two proposals for consideration by stockholders, both of which are fully described in the Proxy statement. We will now move to a presentation of the proposals. The first proposal to come before the meeting is the election of directors. At this meeting, we will be electing two members of the Board of Directors with terms to expire in 2029.
Nominated for election to the Board of Directors are Alaina K. Brooks, who has served as a director of Powell since 2023, is currently a member of the Audit Committee and the Nominating and Governance Committee. Alaina currently serves as the Chief Legal Officer at S&S Activewear. Prior to her current role, Alaina served as Executive Vice President, Chief Legal and Administrative Officer for EnLink Midstream, LLC, and as an attorney at Weil, Gotshal & Manges LLP and Baker Botts LLP. Katherine B. Curtis, who has served as a Director of Powell since 2020, and is currently a member of the Compensation and Human Capital Committee and the Nominating and Governance Committee. Kathy retired as the Senior Vice President, Generation for Dominion Power in 2022, a position that she held since 2014.
Prior to this role, she served as the Vice President of Retail Operations and Vice President of Merchant Operations, both with Dominion Energy. The second proposal that is to come before the meeting is to ask stockholders to approve an advisory resolution on the compensation for our named executive officers, all as described in our Proxy Statement. This proposal is advisory, and although non-binding, the vote will provide information to our Compensation and Human Capital Committee and our Board of Directors regarding investor sentiment about our executive compensation philosophy, policies, and practices, which our Compensation and Human Capital Committee and Board of Directors will be able to consider when making future executive compensation decisions. Voting will end shortly. If you have not voted and intend to do so, please do so now. I will pause for a moment to see if any questions related to the proposals have been posed.
Seeing none, we will move forward with the meeting. Now that everyone has had the opportunity to vote, we will now close the polls. No further votes may be submitted at this time. I will now ask the Corporate Secretary of the meeting, Mike Metcalf, to announce the results based on the preliminary results provided by the Inspector of Elections.
Mr. Chairman, the preliminary results based upon the voting of shares as represented by ballot proxy on file and tabulated at the meeting this morning, show that each of the nominees for directors has been elected a director of the company to serve for a three-year term that will expire in 2029. And second, the resolution on an advisory basis for the compensation of our named executive officers received the affirmative vote of more than a majority of the shares entitled to vote and represented at the meeting, and has been approved on an advisory basis.
Thank you, Mike. We will file the final report of the Inspector of Elections with the records of this meeting. We expect to report the results of the voting on a Form 8-K, to be filed with the SEC within four business days of this meeting. This concludes the business for this meeting. The meeting is now adjourned. Ladies and gentlemen, thank you for attending today's meeting and for your interest in Powell.
This concludes today's annual meeting. You may now disconnect.