Good afternoon, welcome to the Serve Robotics Inc. annual meeting. I would now like to turn the conference over to Dr. Ali Kashani, Co-Founder and Chief Executive Officer. Please go ahead.
Thank you. Welcome to the 2026 virtual annual meeting of stockholders of Serve Robotics Inc. It is now 12:00 P.M. Pacific Time, the meeting will please come to order. My name is Ali Kashani, as Chief Executive Officer, I'll be presiding over this meeting. I would like to remind everyone that sound, screen, video, or any other similar recording without the express prior written approval of the company is prohibited. I'd like to introduce our other directors who are present today at this virtual meeting: David Goldberg, Sarfraz Maredia, Touraj Parang, Lily Sarafan, and Olivier Vincent. Also present are our company officers. We have adopted an agenda for our virtual meeting this afternoon, along with rules for the conduct of the meeting. Copies of the agenda and the rules are available online via the virtual meeting portal.
Stockholders who do not have their 16-digit control number will not be able to access these materials. In accordance with the agenda, we'll proceed as follows. First, I'll conduct the official business of the 2026 annual meeting. During this portion of the meeting, all discussions will be limited to the official business at hand, participation will be limited to stockholders of record and their proxies. At the conclusion of the official business, we will open the meeting to a virtual question and answer session. Stockholders may submit questions at any time during this meeting in the space provided on the virtual meeting portal. We will entertain questions with respect to the business of the annual general meeting submitted online through the virtual meeting portal at that time. We will now proceed to the business portion of this meeting.
We have an affidavit from Broadridge Financial Solutions certifying that each stockholder of record was emailed either a notice of internet availability of proxy materials or an official notice of this meeting on or about April 24, 2026, together with a proxy statement, proxy card, our annual report on Form 10-K for the year ended December 31, 2025, and other materials necessary to vote at this meeting. Broadridge Financial Solutions has examined the proxies received and reports that 44,215,710 shares, or 57.18% of the total shares of common stock entitled to vote at this meeting, are presented by proxies held by Mr. Parang, Brian Read, and myself. A quorum is present, this meeting may now proceed with its business.
The company has appointed Louis Izzi, a representative of the CT Hagberg LLC, on behalf of Serve to serve as an independent inspector of elections for this meeting, and he will tabulate the results of the voting. In order to expedite the flow of business at this meeting, we intend to adhere to the following order of business. Each of the matters to be discussed and acted upon by the stockholders today will be moved and discussed in the order set forth in the proxy statement. The actual vote on each item will, however, be deferred until all of the matters to be acted upon have been discussed. The first matter to be voted upon is the election of two directors to serve until the 2029 annual meeting.
Nominations are now in order for candidates for director to serve until the 2029 annual meeting and until their successors are elected and qualified. I hereby nominate the following persons to be elected as directors to serve until the 2029 annual meeting and until their successors are duly elected and qualified: Ali Kashani and Touraj Parang. Since no other nominations of persons for election to the board of directors were received in a timely manner pursuant to the company's bylaws, the nominations are closed. The next order of business concerns the proposal to ratify the appointment of the company's independent registered public accounting firm. The audit committee of the board of directors has selected PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the company's fiscal year ending December 31, 2026.
On behalf of the audit committee of the board of directors, I move the selection of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the 2026 fiscal year be ratified. A motion has been made to ratify the audit committee's selection of PricewaterhouseCoopers LLP. Since no other proposals for business to be transacted at this meeting were received in a timely manner pursuant to the company's bylaws, we will now proceed to vote on the previously discussed motions. The polls for voting on each matter to be voted on at this time are now open. It is not necessary for stockholders to vote via the virtual meeting portal if they have already sent in their proxy cards or voted via telephone or internet unless they wish to change their vote.
Any stockholder who hasn't voted or wishes to change their vote may do so now by clicking on the voting button on the virtual meeting portal and following the instructions. I'll now wait a few moments for folks to do that. Now that everyone has had the opportunity to vote, it is 12:06 P.M. Pacific Time, and the holders of the management proxies have delivered their ballot to the Inspector of Elections. I now declare the polls closed and ask the Inspector of Elections, Mr. Izzi, to provide his preliminary report. All right. Well, according to the preliminary report of the Inspector of Elections, based upon the proxy holders' and stockholders' ballots, the persons nominated for the board of directors have been elected to serve as directors of the company until the 2029 annual meeting and until their successors are duly elected and qualified.
The proposal to ratify the selection of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026, has been approved. This concludes the business portion of the meeting today. At this time, we will review and answer any questions from our stockholders that we have received on the virtual meeting portal related to the business of the annual meeting. We did not receive any questions related to the business of the annual meeting. Thank you for coming today. This concludes our 2026 annual meeting of stockholders.
The meeting has now concluded. Thank you for your participation.