Terex Corporation (TEX)
NYSE: TEX · Real-Time Price · USD
62.59
-0.22 (-0.35%)
Apr 24, 2026, 4:00 PM EDT - Market closed
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EGM 2026

Jan 28, 2026

David Sachs
Non-Executive Chairman of the Board, Terex Corporation

Good morning. I am David Sachs, Non-Executive Chairman of the Board of Directors of Terex Corporation. On behalf of the directors and our management, I welcome each of you to the Special Meeting of Stockholders of Terex Corporation. I will now call the meeting to order. I want to thank our team members around the world for their hard work and dedication during this process related to the strategic merger of Terex and REV Group, which will be a transformational transaction for Terex. I would also like to thank our customers and stockholders for your continued support. Finally, I would like to thank my fellow board members for their continued guidance. Let's start with the formal business of the meeting. All stockholders of record as of the close of business on December 16th, 2025 , are entitled to vote at today's meeting.

Scott Posner, the company's Senior Vice President, General Counsel, and Secretary, advises me that the proxy materials were mailed to every stockholder of record entitled to vote at this meeting. Broadridge Financial Solutions has tallied the proxies and has advised us that for the purposes of voting, the number of shares represented at this meeting are sufficient to constitute a quorum for the transaction of business under our bylaws. The quorum report of Broadridge is ordered to be filed with the minutes of the meeting. Most of our stockholders unable to vote here online are voting by proxy. If you have already voted or filed your proxy, your vote has been counted according to your instructions. For those stockholders attending online who have not voted or who wish to change their vote, you may do so using the voting buttons on the meeting screen.

There is one proposal to be acted upon in today's meeting. The proposal before us is to approve the issuance of shares of Terex common stock to the REV Group stockholders in the proposed merger of REV Group and Terex. The affirmative vote of a majority of the votes cast is required to approve the issuance of shares of Terex common stock in the merger. The board unanimously recommends that stockholders vote for this proposal. If you have not yet voted, please do so now, as the polls are about to close. The polls are now closed. Based on the preliminary report of the proxies and ballots that have been processed thus far, I declare the issuance of shares of Terex common stock to the holders of REV Group common stock in connection with the merger has been approved.

The final tabulation of the votes on all the proposals voted on today will be included in Terex's current report on Form 8-K, which will be filed with the SEC within the next four business days. For any questions submitted, we have a representative of the company contact you after the meeting to answer such questions. This concludes the Special Meeting of Stockholders of Terex Corporation. With no further business, this meeting is now adjourned.

Operator

This concludes today's special meeting. You may now disconnect.

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