Good morning. Will the meeting please come to order? My name is Joseph Nalepa. I am the Chief Financial Officer of Rekor Systems. I have been designated by the board to chair today's meeting in Mr. Berman's absence. Welcome to the 2026 annual meeting of stockholders of Rekor Systems, Inc. This meeting is being held in person at the company's headquarters and is also being broadcast by live webcast. I welcome the stockholders participating remotely. Joining me today are members of the company's board of directors and management team. [Lexi Ely] [inaudible] will serve as secretary of the meeting and record the proceedings.
Mr. Ewing has delivered to me an affidavit of Broadridge Financial Solutions, Inc., confirming that the notice of this meeting and the availability of proxy materials were distributed to stockholders of record as of the close of business on March 25, 2026, the record date for this meeting. The affidavit will be filed with the minutes of this meeting. The company has appointed James Raitt of American Election Services, LLC as inspector of the election for this meeting and any adjournment of this meeting. I confirm that Mr. Raitt will serve in that capacity. Mr. Raitt has signed an oath to act as inspector, and that oath will be filed with the minutes of this meeting. Mr. Raitt, would you please report on the presence of a quorum at this meeting?
Mr. Nalepa, I have examined the proxies received in respect to this meeting. Under the company's bylaws, a quorum requires the presence in person or a proxy of holders of a majority of the shares entitled to vote at this meeting. Based upon the preliminary count as of 7:16 A.M. this morning, there are at least 62,051,230 shares present in person or represented by proxy, representing 45.43% of the 136,578,177 shares outstanding entitled to vote. A quorum, unfortunately, is not present.
Thank you, Mr. Raitt. Stockholders, the inspector of the election has certified that a quorum is not present at this meeting. Because a quorum is not present, no substantive business may be conducted at this time. Under the company's bylaws and Delaware law, I am further adjourning the 2026 annual meeting of stockholders to October 16, 2026 at 10:30 A.M. Eastern Time. The reconvened meeting will be held at the same location, 6721 Columbia Gateway Drive, Suite 400, Columbia, Maryland, and will be broadcast live by webcast at www.virtualshareholdermeeting.com/rekr2026. The record date for the reconvened meeting remains March 25, 2026. Because the reconvened meeting is more than 30 days after today's meeting, the company will provide notice of the reconvened meeting in accordance with Delaware law and the company's bylaws.
All proxies previously submitted in respect to today's meeting remain valid and will be voted at the reconvened meeting unless properly revoked or changed. Stockholders who have already voted do not need to take any further action unless they wish to revoke or change their vote. Stockholders who have not yet voted are encouraged to do so. Thank you for your attendance and continued interest in Rekor Systems. The meeting is adjourned.
The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.