Thank you for standing by and welcome to the Teads Holding Co. annual meeting. At this time, I would like to turn the meeting over to David Kostman, Chief Executive Officer and Chair of today's meeting. Please go ahead, sir.
Thank you. Good morning, ladies and gentlemen. I'm David Kostman, Chief Executive Officer and Chair of today's meeting. On behalf of the Board and the Company, I'm delighted to welcome you all to the Teads 2026 Annual Meeting of Stockholders. The 2026 annual meeting is being held as a virtual meeting transmitted by live audio webcast. We will conduct the business portion of the annual meeting first and answer questions at the end of the meeting. As chair, I hereby call this meeting to order. I would like to introduce the Company's directors and executive officers who are in attendance today. Our other Board members who have joined us today are Yaron Galai, Chairman of the Board. Also with us today for management are my fellow senior executive, Jason Kiviat, our Chief Financial Officer, and Veronica Gonzalez, Chief Administrative Officer and Corporate Secretary.
I will now turn the meeting over to our Corporate Secretary, Veronica Gonzalez, to proceed with the formal business of the meeting.
Thanks, David. In the interest of an orderly meeting, I would kindly ask our stockholders to follow the rules of conduct, which have been posted on the virtual meeting website. These rules set forth the proper procedures for stockholders to conduct themselves during today's meeting. In accordance with the provisions of Delaware law, the Board has appointed me to serve as the Inspector of Elections at this meeting. Prior to the meeting, I subscribed the Oath of Inspector of Elections. Also present at this meeting and available to answer any questions are Steven Van Dorn and Eric Wilkinson from the accounting firm KPMG LLP, the company's independent registered public accounting firm. As noted in the Notice of Annual Meeting and Proxy Statement dated April 1, 2026, the record date for voting at this meeting was the close of business on March 20, 2026.
As required by our bylaws, an alphabetical list of stockholders on the record date has been available for review for 10 days prior to the meeting date. Based upon the percentage of the total shares of the company held by holders of record now present at this meeting, either in person or by proxy, I hereby confirm that a quorum is present and that the meeting has been properly convened. We will now attend to the formal items of business to be addressed at today's meeting. There are five proposals being considered at this time, each as described in the proxy statement previously provided to you. Our first proposal is to elect the following four director nominees as Class 2 members of our board of directors, Dexter Goei, Yaffa Krindel, Mark Mullen, and Arne Wolter.
Our second proposal is to approve on an advisory basis the compensation of our named executive officers as described in the proxy statement. Our third proposal is to cast an advisory vote on the frequency of future advisory votes on the compensation of our named executive officers. Our fourth proposal is to ratify the appointment of KPMG LLP as the company's independent registered public accounting firm for fiscal year 2026.
Our fifth proposal is to adopt and approve an amendment to the company's 13th amended and restated certificate of incorporation to affect a reverse stock split of the company's issued shares of common stock at a ratio within the range of 1: 5- 1: 25 without reducing the authorized number of shares of the company's common stock with the exact ratio within such range and the implementation and timing of such reverse stock split to be determined at the sole discretion of the Board of Directors without further approval or authorization of the company's stockholders. We will now proceed with the voting tabulation. If you have not already voted by proxy and would like to vote today, or if you would like to change your vote, you may do so by clicking on the voting button on the virtual meeting screen and following the stated instructions.
If you have already voted, you do not need to take any action at this time. The polls are hereby declared closed at this time. The votes on the proposals have been tabulated. The following represent our preliminary voting results. The company has received at least 64.8 million votes in favor of each nominated board member, representing more than a majority of the votes cast at the meeting. Each of the nominated directors has been duly elected for a term to expire at the 2029 Annual Meeting of Stockholders and in each case until his or her respective successor has been duly elected and qualified.
The proposal to approve on an advisory basis the compensation of our named executive officers as described in the proxy statement, has received approximately 64.1 million votes in favor of the proposal, representing more than a majority of the votes present in person or represented by proxy and entitled to vote at the meeting. Therefore, this proposal has been approved. The proposal to cast an advisory vote on the frequency of future advisory votes on the compensation of our named executive officers has received approximately 72.1 million votes in favor of a frequency of one year, representing the option which received the highest number of votes present in person or represented by proxy and entitled to vote at the meeting. Therefore, the company will plan to hold an advisory vote on the compensation of our named executive officers on an annual basis.
The proposal to ratify the appointment of KPMG LLP as the company's independent registered public accounting firm for the 2026 fiscal year has received approximately 84.5 million votes in favor of the proposal, representing more than a majority of votes present in person or represented by proxy and entitled to vote at the meeting.
Therefore, this proposal has been approved. The proposal to adopt and approve an amendment to the company's 13th amended and restated certificate of incorporation to affect a reverse stock split of the company's issued shares of common stock at a ratio within the range of 1: 5- 1: 25 without reducing the authorized number of shares of the company's common stock with the exact ratio within such range and the implementation and timing of such reverse stock split to be determined at the sole discretion of the Board of Directors without further approval or authorization of the company stockholders, has received approximately 84.2 million votes in favor of the proposal, representing more than a majority of the votes cast at the meeting. Therefore, this proposal has been approved. With that, the formal business of the meeting has concluded.
As the Inspector of Elections, I will submit the final report for the company's files. The final vote results will be reported in a Form 8-K filed with the SEC within four business days of today's meeting. As there is no other business to be addressed at this meeting, I now adjourn the formal business of the meeting. With that, we will proceed with the unofficial portion of the meeting. I once again wanna thank you for all your time in joining us here today at our 2026 annual meeting of stockholders. We will now open the floor for questions. If you have a question, please submit it through the ask a question field that appears on the virtual meeting screen. We'll pause now briefly to review any questions submitted.
Seeing no further questions, we will now conclude the meeting. I would once again like to thank you for attending Teads 2026 annual meeting and for your continuing support of Teads. Thank you.
This concludes today's meeting. Thank you for your participation. You may now disconnect.