Ladies and gentlemen, thank you for standing by and welcome to the Remitly Global, Inc. annual meeting. I'll now turn the conference over to Sebastian. You may begin.
Hello all. I'm Sebastian Gunningham, Chief Executive Officer of Remitly. I'll be presiding at this meeting today.
Ladies and gentlemen, thank you for standing by and welcome to the Remitly Global, Inc. annual meeting. I'll now turn the conference over to Sebastian. You may begin.
Hello all. I'm Sebastian Gunningham, Chief Executive Officer of Remitly. I'll be presiding at this meeting today, which I now call to order. On behalf of the Board of Directors of Remitly, I would like to welcome you to our annual meeting of stockholders. We appreciate your attendance, your interest, and most importantly, your support of Remitly. This annual meeting of stockholders is held pursuant to Remitly's bylaws and the written notice provided to all stockholders. Participants are joining this meeting virtually. Please carefully review the agenda and rules of conduct for this meeting, which have been provided as links on the virtual meeting screen. After introducing certain key participants in attendance and addressing a few procedural matters, we will take up the items to be acted upon at this meeting. I would first like to introduce Cameron Cohen, our Executive Vice President, General Counsel, and Secretary.
In accordance with our bylaws, I will act as Chair of the meeting, and Mr. Cohen will act as Secretary of the meeting. We also welcome the esteemed directors of Remitly, who are in attendance today. Also attending this meeting are Kevin Cherrstrom and Tanita Buck of PricewaterhouseCoopers or PwC, our independent auditors. Mr. Cherrstrom and Ms. Buck are available to respond to appropriate questions during the general question and answer period. Lastly, attending this meeting is Christina Perino, our Inspector of Elections. Mr. Cohen will now discuss the procedures for conducting this meeting.
Thank you, Sebastian. To conduct an orderly meeting, we ask that stockholders abide by the procedures set forth in the rules of conduct. We will conduct the formalities of our annual meeting first. The polls are open for voting. All Remitly stockholders entitled to vote at this meeting have the ability to do so online. If you are a stockholder entitled to vote and have not yet voted, or if you want to change your vote previously cast, please follow the instructions on the virtual meeting screen. Please remember that if you have already voted by proxy, it is not necessary to vote again. After my description of the three proposals to be voted on today, we will close the polls and provide the preliminary report from the Inspector of Elections.
Stockholders may submit questions relating to any of the matters on the agenda at any time during this meeting in the space provided on the virtual meeting screen. We will address appropriate questions on any matters in the agenda to be voted on by the stockholders before the voting is closed. After the close of voting, we will adjourn the formal portion of the meeting and convene a general question and answer session. I will now confirm proper notice was given for this meeting, as well as the presence of quorum. I have an affidavit of distribution from Broadridge Financial Solutions certifying that on April 24th, 2026, Broadridge commenced distributing notice of this meeting to Remitly stockholders of record as of April 14th, 2026. I also have a copy of the 2025 annual report, which includes our financial statements audited by PwC.
A copy of this annual report was sent or made available to each stockholder entitled to vote at this meeting. An electronic copy of the annual report is available on the website used to access this meeting. The notice of meeting and the affidavit of distribution, together with the attachments thereto, will be filed with the minutes of this meeting. I have been informed by the Inspector of Elections for this annual meeting that a majority of the voting power of Remitly's outstanding shares is present, and therefore quorum is present. Consequently, this meeting has been properly convened. I will move now to a review of the proposals for this meeting. The first proposal to come before the meeting is the election of directors. At this meeting, we will be electing three Class II directors for a three-year term expiring at the 2029 annual meeting of stockholders.
The nominees are Bora Chung, Laurent Le Moal, and Nigel Morris. Information concerning their business experience, service as Remitly board members, skills and qualifications, and other matters which may be of interest is contained in the proxy statement. No other nominations were received prior to the deadline established in our bylaws. Therefore, no additional nominations may be made at this meeting, and I declare the nominations to be closed. The board of directors recommends the election of Bora Chung, Laurent Le Moal, and Nigel Morris as Class II directors. The next matter to come before the meeting is the approval on an advisory basis of the compensation of our named executive officers. The board of directors recommends the approval of our executive compensation. The next matter to come before the meeting is the ratification of the appointment of PwC, the company's independent registered public accounting firm.
The board of directors recommends the ratification of the appointment of PwC to serve as the company's independent registered public accounting firm and to audit the company's financial statements for the fiscal year ending December 31st, 2026. Before the polls close, I will now pause to address any questions on any matters in the agenda to be voted on by the stockholders. There are no questions. The polls are about to close, so if you have not yet voted, please do so now. The polls are closed. The Inspector of Elections has delivered her preliminary report, and I will now announce the preliminary results. Based on the preliminary report provided by the Inspector of Elections, each of the nominees for director has been elected as a Class II director of the company to serve for a three-year term expiring in 2029.
Our executive compensation has been approved on an advisory basis, and the appointment of PwC as the company's independent registered public accounting firm has been ratified. 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 formal business for the meeting. At this time, we will respond to the questions that we have received. As a reminder, questions must conform to the guidelines set forth in the rules of conduct in order to be addressed, including that they must be relevant to the business of the company or to the annual meeting and not related to material non-public information about the company. There are no questions. That concludes our question and answer session.
Sebastian, I'll turn it back to you.
Ladies and gentlemen, thank you for attending today's meeting. This concludes Remitly's 2026 annual meeting of the stockholder.
This concludes today's annual meeting. You may now disconnect.