My name is Tom Iannotti. I am Chair of the Board of Directors, and I will act as the Chairperson of the Annual Meeting. I'm very happy to welcome you to the Rigetti Computing 2025 Annual Meeting of Stockholders. The meeting will now officially come to order. The time is 9:00 A.M. Pacific Time on June 10th, 2025, and the polls are now open for voting on all matters to be presented. At this time, I'd like to introduce Subodh Kulkarni, who will guide us through the Annual Meeting.
Good morning. I'm Subodh Kulkarni, President, Chief Executive Officer, and Director of Rigetti. As you know, we are hosting today's meeting through a virtual online platform. I want to thank you all for taking the time to join us. With that, I would like to introduce the members of the Board and the management who are with us today. In addition to myself, the other members of the Board with us virtually today are Tom Iannotti, Ray Johnson, H. Gale Sanford, Alissa Fitzgerald, and Michael Clifton. I would like to thank our Board members for their dedication and willingness to serve. The company would also like to recognize and thank Kathy McCarthy, whose term as a Director is expiring at the meeting, for her service to the Board.
In addition to our Board, the other officers of the company with us virtually today are Jeff Bertelsen, Chief Financial Officer, and Luke Kuipers, VP of Legal and Corporate Secretary. I would also like to welcome our auditors from BDO USA, P.C., the company's independent registered public accounting firm, who are in attendance virtually. Brandon Schaefer will be available to respond to appropriate questions during the relevant portion of today's meeting. We will now proceed with the formal business of the meeting in the order set forth in the Notice of Annual Meeting and Proxy Statement. We will first present the two proposals submitted by our Board for approval. We will take questions related to the proposals after all the proposals have been presented, after which the polls will close, and we will announce the preliminary results of the voting.
As I mentioned earlier, the polls are now open for voting on all matters to be presented. Each share of common stock is entitled to one vote. After I describe each item to be voted on, we will close the polls. We will not accept ballots, proxies, revocations, or changes after the closing of the polls. If you have already submitted your vote by proxy and do not wish to change your vote, you do not need to vote now, and your shares will be voted as previously instructed. If you intend to vote and have not done so already, you must submit your vote online now before the polls close in order for it to be counted. If you have not voted, I encourage you to vote online now. A copy of the rules of conduct for this meeting is available on the virtual shareholder meeting page.
In order to conduct an orderly meeting, we ask that you follow these rules. The meeting is being recorded. However, no one attending via the webcast or telephone is permitted to use any recording device. Will the Secretary please report at this time with respect to the mailing of the Notice of the Meeting?
I have received an affidavit from Broadridge Financial Services, Inc., certifying that on April 25, 2025, a Notice of Annual Meeting of Stockholders of Rigetti Computing, Inc., was deposited in the United States Mail to the Stockholders of Record as of the close of business on April 15, 2025. I will see that the affidavit is filed with the minutes of this meeting.
At this time, I would like to introduce Sheryl Niebling, a representative of Broadridge Investor Communication Solutions, Incorporated. We have appointed Ms. Niebling to act as the Inspector of Election at this meeting. Ms. Niebling has taken and subscribed a customary oath of office to execute her duties with strict impartiality. We will file this oath with the records of the meeting. Ms. Niebling's function is to decide upon the qualifications of voters, accept their votes, and, when voting on all matters is completed, to tally the final votes. Will the Secretary please report at this time with respect to the existence of a quorum?
I have been informed by the Inspector of Election that a majority of the outstanding shares entitled to vote are present at this Annual Meeting by virtual attendance or represented by proxy. This constitutes a quorum for the meeting today, and we may now carry out the official business of the meeting.
We will now proceed with the proposals. There are two proposals to be considered by the stockholders at this meeting. After all the proposals have been described, we will answer any questions related to the proposals. As a reminder, we ask that any comments or questions pertain only to these proposals. Please submit any questions via the web portal as soon as possible for our review. The first item of business is the election of two Class 3 directors, Michael Clifton and Ray Johnson, each to hold office until the 2028 Annual Meeting of Stockholders. The Board recommends that stockholders vote for the election of each of Mr. Clifton and Dr. Johnson for election to the Board of Directors. The nominees are duly nominated and presented.
The second and final item of business today is the ratification of the selection of BDO USA, P.C. as the independent registered public accounting firm of the company for the fiscal year ending December 31, 2025. The Board recommends that stockholders vote for the ratification of the selection of BDO USA, P.C. There are no other proposals to be voted on at today's meeting. We will now review if there are any questions submitted via the web portal about the proposals before we close the polls. As a reminder, we will only review and answer questions at this time that pertain to the proposals. Please note that our discussion today may include forward-looking statements, and our actual results may differ materially from those discussed here.
Additional information concerning factors that could cause such a difference can be found under the Risk Factors heading in our most recently filed Annual Report on Form 10-K, which is on file with the SEC and available on the company's website. Mr. Kuipers, are there any questions?
There are no questions. Any stockholder who has not voted or who wishes to change his or her vote may do so by clicking on the Vote button located in the meeting portal and following the instructions provided. Stockholders who have submitted proxies or who have previously voted via the internet or by phone and who do not wish to change their vote do not need to take further action. Their votes will be counted automatically. If you wish to vote your shares online, please do so now. The polls will be closing shortly. The Inspector of Election will not accept any votes once the polls close. The time is now 9:08 A.M. Pacific Time, and the polls are now closed for voting. The Inspector of Election has provided us with preliminary results.
May we have the results of the voting?
Based on the preliminary results, the Inspector of Election has confirmed that we have received the necessary votes required to pass the proposals as follows. One, each of Michael Clifton and Ray Johnson has been elected as a Class 3 director, each to hold office until the 2028 Annual Meeting of Stockholders. Two, the selection of BDO USA, P.C. as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025, is ratified.
These results remain subject to the final certification of the vote sent by the Inspector of Election. We expect to report our preliminary voting results or, if available to us on a timely basis, our final voting results on a current report on Form 8-K to be filed with the Securities and Exchange Commission within four business days after the end of this meeting. If not earlier reported, we expect to report our final voting results in an amendment to our Form 8-K within four business days after the final results are known to us. I would like to close this meeting by extending a thank you to my fellow Board members, along with our management team and BDO USA, P.C., for participating in our Annual Meeting of Stockholders. Thank you to all of our stockholders for your continued support of our mission.
This concludes the formal portion of today's meeting, and the Annual Meeting is now adjourned.
This concludes today's meeting. You may now disconnect.