Welcome to the 2026 annual meeting of shareholders for Resideo Technologies, Inc. Our host for today's call is Jeannine Lane, corporate secretary. I will now turn the call over to your host. Ms. Lane, you may begin.
Good afternoon. I'm Jeannine Lane, corporate secretary of Resideo. Welcome to our 2026 Annual Meeting of Shareholders, which is being held virtually by webcast. Before we get started, I would like to note that some parts of today's presentation may contain forward-looking statements. Statements other than historical facts made during this meeting may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Resideo's filings with the Securities and Exchange Commission. The company assumes no obligation to update any such forward-looking statements. The meeting agenda and our rules of conduct and procedures for the meeting have been posted to our virtual meeting website.
We appreciate your cooperation in adhering to the requirements under our rules of conduct and procedures. With respect to questions, we will answer appropriate questions submitted by shareholders as time permits. We may group questions by topic, and if a question is not of general concern to all shareholders or if a question posed was not otherwise answered during this meeting, you may contact Resideo investor relations at investorrelations@resideo.com. In addition, if we don't have information readily available to answer a question, or if we run out of time, we may post answers on the same investor relations webpage. It's my pleasure to introduce the Chair of Resideo's Board of Directors, Andrew Teich.
Thank you, Jeannine, and thank you to everyone for joining this virtual shareholder meeting, including members of our board of directors, members of executive leadership, and representatives from Deloitte & Touche, our independent registered public accounting firm, who are also on the line. I will act as chairman of the annual meeting and will now call the meeting to order. I've been advised that the Inspector of Election has certified that a quorum is present. The business for this meeting consists of four proposals described in the company's proxy statement. I will briefly introduce each proposal and at this time declare the polls open for voting on all items. If you've already submitted a proxy, you do not need to vote again.
If you'd like to vote now during the annual meeting, you may click on the Vote Here link at the bottom of our virtual meeting website and follow the instructions to cast your vote. Our first order of business is the election of 11 directors, Jay Geldmacher, Paul Deninger, Cynthia Hostetler, Brian Kushner, Jack Lazar, Nina Richardson, Nathan Sleeper, John Stroup, Sharon Wienbar, Kareem Yusuf, and myself, Andrew Teich, each to serve until the 2027 annual meeting of shareholders and until his or her successor is duly elected and qualified. The board of directors has recommended a vote for each of the 11 nominees. Proposal Two and Three are as follows. Proposal Two, advisory vote to approve executive compensation, and Proposal Three, ratification of the appointment of Deloitte & Touche as our independent registered public accounting firm. The board of directors has recommended a vote for Proposal Two and Three.
The last Proposal Four, is the shareholder proposal regarding shareholder right to act by written consent. If properly presented at this meeting, Ms. Lane will present this proposal as she has been in contact with the proponent, Mr. John Chevedden, who submitted this proposal, which was included in the proxy statement. I'll flip it over to you to Jeannine to cover this proposal.
Thank you, Andrew. I understand Mr. Chevedden is present to present the proposal. Mr. Chevedden, please proceed and present your proposal, kindly limiting your remarks to no more than three minutes.
Hello, this is John Chevedden, Proposal Four, shareholder right to act by written consent. Shareholders request the board of directors take the necessary steps to permit written consent by the shareholders entitled to cast the minimum number of votes that would be necessary to authorize an action at a meeting at which all shareholders entitled to vote thereon were present at voting without any unnecessary restriction based on length of stock ownership or the method by which shareholders hold their shares. According to state law, Resideo shareholders can have the right to act by written consent and the right to call for a special shareholder meeting. Shame on Resideo for suggesting that its shareholders limit themselves to one shareholder right when Resideo shareholders are entitled to two shareholder rights. Shareholders are best served when they have both rights.
Written consent is a shareholder right that requires a formal backing of a majority based on all shares outstanding. This majority support requirement in reality is much more than majority support because it's not economically possible to contact a significant % of shares to get their formal backing. Thus, for an issue to still get majority support based on all shares outstanding, under written consent, it could easily need more than 60% support from the shares that are economically possible to reach. How can Resideo be opposed to a 60% majority? Being opposed to this proposal means being opposed to a 60% majority of Resideo shareholders. Please vote in favor of a 60% majority decision and vote for shareholder right to act by written consent Proposal Four.
Thank you, Mr. Chevedden. Mr. Teich, you can continue the meeting.
Okay, thanks, Jeannine. I'd also like to remind shareholders that the board recommends that the shareholders vote against this proposal for the reasons described in the proxy statement. Jeannine, do we have any questions from shareholders on the proposals?
Andy, we have not received any questions on these proposals.
Thanks, Jeannine. As a reminder, the polls are open for voting on the resolutions outlined in the meeting agenda, which you received prior to this meeting. I now declare that the polls are closed on all items of business. Based on these preliminary results, I am now able to announce that each director nominee has been elected and Proposals Two and Three have been approved. Proposal Four has not been approved. The final voting results will be available on a Form 8-K filed with the SEC and on our website when it is available. The formal business portion of the meeting is now complete. Jeannine, do we have any questions from shareholders appropriate for the meeting at this time?
Andy, we have not received any questions to address at this time. Thank you.
Thanks, Jeannine. Again, thank you to all shareholders who participated today. If there are any outstanding questions or topics that were not answered, please feel free to contact Resideo Investor Relations at investorrelations@resideo.com. Thank you for your support of Resideo. This concludes today's meeting. Be well and stay safe.
This now concludes the meeting. Thank you for joining, and have a pleasant day.