Welcome to the 2026 Annual Meeting of Stockholders of Rocket Lab Corporation. Presiding at the meeting will be Sir Peter Beck, the Chairman and CEO of Rocket Lab Corporation. Now, I will turn the meeting over to the chairman.
Thank you. As Chairman and CEO of Rocket Lab Corporation, I hereby call the annual meeting of stockholders to order. I would like to welcome you all to our annual meeting of stockholders. We appreciate your attendance at this annual meeting and your support of Rocket Lab. This annual meeting of stockholders is held pursuant to the bylaws of the company and written notice to all stockholders. We request that if you have questions, please enter and submit questions in the space provided under Ask a Question Heading on the virtual meeting screen. During the annual meeting, questions from stockholders should pertain to the proposals being considered. To the extent that any questions pertaining to such proposals are submitted online, the company will address any pertinent questions after all the proposals have been presented.
In attendance today are Adam Spice, our CFO r, Arjun Kampani, our SVP , General Counsel, and Corporate Secretary. Today's rules of conduct for the meeting are available in the Meeting Materials section of the virtual meeting website. Also available is the company's proxy statement issued in connection with this meeting. In accordance with our bylaws, I will act as Chairman of the meeting, and Arjun Kampani will act as Secretary of the meeting. Arjun, please proceed with the introduction of our Inspector of Elections and the opening of the polls.
Thank you, Mr. Chairman. Jim Rath of American Election Services, LLC, has been appointed and will serve as the Inspector of Elections for this meeting and has taken an oath promising to faithfully execute the duties of the Inspector of Elections. Jim is in attendance today via telephone. His oath of office will be filed with the minutes of this meeting. The polls are now open for voting on the four matters designated in the proxy statement. All Rocket Lab 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 voted, or if you want to change your previously cast vote, please do so via the website used to access this meeting. Please remember that if you've already voted by proxy, it is not necessary to vote again by online ballot.
The proxies solicited by the board of directors will be tallied at 1 time, even though they contain 4 matters for consideration. Similarly, the ballots cast today can be handled the same way. After voting has been completed on all matters on the agenda, the ballots will be collected and counted. The Inspector of Election will collect any ballot submitted online during this meeting.
Adam Spice and Arjun Kampani are the named proxies for the stockholder meeting. If you have returned your proxy card, the named proxies will vote your shares as indicated on your proxy card. After the votes for all matters are collected and tabulated, the polls will be closed, and the inspector will report the preliminary results of such voting, which we will then announce.
Broadridge Financial Solutions is the company's investor communications agent. Broadridge has delivered to us an affidavit of mailing, certifying as to the giving of notice of this meeting and the mailing of such notice, together with the proxy statement and the proxy card to the stockholders of record as of the close of business on March 30th, 2026. We commenced mailing of such notice, the proxy statement, and the proxy card on or about April 6th, 2026. Based on the affidavit from Broadridge, this meeting has been duly called with timely and proper notice.
The Secretary will please file a copy of the notice of the meeting and the affidavit of mailing together with the attachments thereto in the minutes of this meeting.
Mr. Chairman, I will do so. I have the list of holders of record of common stock of the company as of the close of business on March 30th, 2026. This 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 available for inspection during this meeting by any stockholder on the website used to access this meeting.
The Secretary will please file a copy of the list of stockholders with the records of the company.
Mr. Chairman, I will do so.
Arjun, will you please present your report of attendance at this meeting so that we can determine whether a quorum is present?
The Inspector of Elections has determined that a sufficient number of shares entitled to vote at this meeting are present in person or by proxy to constitute a quorum, and we may proceed with business. There are 4 matters to be voted upon at this meeting, which are described in our proxy statement.
Thank you, Arjun. On the basis of the report of the Secretary and the Inspector of Election, I find the proper notice has been given and that the quorum is present. Accordingly, this meeting has been properly convened. The next matter to come before the meeting is the approval of the following proposals. Arjun, please review the proposals.
The first proposal to come before the meeting is the nomination of candidates for election as Class II directors. At this meeting, we will be electing one director for a term expiring at the 2029 annual meeting of stockholders. The nominee is Edward Frank. Information concerning Mr. Frank's principal occupations for service with Rocket Lab, skills and qualifications, and any other matters that may be of interest are contained in the proxy statement. No other nominations were received prior to the deadline established in the company's bylaws. Therefore, no additional nominations may be made at this meeting, and I declare the nominations to be closed. The second proposal to come before this meeting is the ratification of the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2026.
The board of directors recommends that the stockholders ratify the appointment of the independent registered public accounting firm of Deloitte & Touche 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. The third proposal to come before this meeting is the approval on a non-binding advisory basis of the compensation of our named executive officers disclosed in the proxy statement. Even though this vote will not be binding on the company, its board of directors, or our compensation committee, nor will it create or imply any change in the fiduciary duties of, or impose any additional fiduciary duty on the company, its board of directors, or the compensation committee, the board and the comp committee will consider the outcome of the vote when considering future executive compensation policies.
The fourth proposal to come before the meeting is the approval of a subsidiary merger to eliminate the recently added pass-through voting provision that requires approval by both the Rocket Lab Corporation and Rocket Lab Corporation stockholders prior to certain actions being taken by or at Rocket Lab USA, Inc. The board of directors recommends that the stockholders approve this proposal. If you are a stockholder entitled to vote and have not yet voted, please do so now via the website used to access this meeting. We will close the poll shortly, and I will now pause for any additional voting to occur. Mr. Chairman, there are no outstanding questions submitted regarding the matters in the agenda to be voted on.
Thanks, Arjun. Since all of those desiring to vote have done so, I hereby declare the polls for the voting on the matters before this meeting closed at this time. I direct that the final report of the Inspector of Elections is filed with the records of this meeting. This concludes the official business of the meeting. The meeting is now adjourned. The result of today's meeting will be filed with the Securities and Exchange Commission on Form 8-K within 4 business days. Ladies and gentlemen, thank you for attending today's meeting.
This now concludes the meeting. Thank you for joining, and have a pleasant day.