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 our 2026 annual stockholders meeting. 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 2025, which was another transformational year for Terex. Terex successfully integrated the Environmental Solutions Group and has now completed a transformational merger with REV Group, which closed in February 2026. These actions have established Terex as a large-scale specialty equipment manufacturer with complementary leading brands in attractive, low cyclical, highly resistant, growing end markets. Our team members remain focused on driving progress across all of our strategic initiatives.
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. Now, I would like to introduce the officers of Terex Corporation present at this meeting. Simon Meester, President and Chief Executive Officer. Jennifer Kong-Picarello, Senior Vice President and Chief Financial Officer. Pat Carroll, President, Environmental Solutions. John Dreasher, Senior Vice President, Chief Human Resources Officer. Josh Gross, President, Aerials. Kieran Hegarty, President, Materials Processing. Namita Jindal, Senior Vice President, Chief Digital and AI Officer. Jon Paterson, Senior Vice President, Treasurer, and Corporate Development. Scott Posner, Senior Vice President, General Counsel, and Secretary. Kevin Trimmer, Senior Vice President, Terex Operating System, and Michael Virnig, President, Specialty Vehicles. We also have representatives from KPMG with us today.
Finally, our board of directors are in attendance as well. Let's start with the formal business of the meeting. All stockholders of record as of the close of business on April 27, 2026, are entitled to vote at today's meeting. Mr. Posner 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 be 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 wish to change their vote, you may do so using the voting buttons on the meeting screen. There are four proposals to be acted upon in today's meeting. The first proposal before us is to elect 12 directors to hold office for one year. I would like to introduce and recognize the director nominees who with me are standing for election. I am the non-executive chairman of Terex and a partner of Ares Management Corporation. I've been a member of the Terex board since 1992.
John Canan. John retired as Senior Vice President, Global Controller, and Chief Accounting Officer of Merck & Co., Inc. in 2014 and joined the Terex board in 2026 as part of the REV merger. David Dauch. David is Chairman and Chief Executive Officer of Dauch Corporation, previously American Axle & Manufacturing Holdings, Inc., and joined the Terex board in 2026 as part of the REV Group merger. Don DeFosset . Don retired in 2005 as Chairman, President, and Chief Executive Officer of Walter Industries and has been a member of the Terex board since 1999. Charles Dutil. Charles is the President and Chief Executive Officer of Manac Inc. and joined the Terex board in 2026 as part of the REV Group merger.
Simon Meester. Simon is the President and Chief Executive Officer of Terex and has been a member of the Terex board since 2024. Maureen O'Connell. Maureen retired as Executive Vice President, Chief Administrative Officer, and Chief Financial Officer of Scholastic Corporation in 2017 and joined the Terex board in 2026 as part of the REV Group merger. Sandie O'Connor. Sandie retired as Chief Regulatory Affairs Officer of JPMorgan in 2019 and has been a member of the Terex board since 2020. Srikanth Padmanabhan. Srikanth retired as Executive Vice President and President, Operations of Cummins in 2025 and has been a member of the Terex board since 2025. Andra Rush. Andra is Chair and CEO of Rush Group and has been a member of the Terex board since 2017. Seun Salami.
Seun is Executive Vice President and Chief Financial Officer of Nuveen, a global asset management firm, and has been a member of the Terex board since 2023. Kathleen Steele. Kathleen currently serves as an advisor to Equity Group Investments where she retired as a managing director in 2023 and joined the Terex board in 2026 as part of the REV Group merger. I would also like to recognize Paula H. J. Cholmondeley. Paula was a director of the company from 2004 through February 2026, and has continued her service as an advisor to the company in the capacity of Director Emeritus since February 2026. Terex's statement in support of this proposal set forth in the proxy statement on page six.
The second item on our agenda is an advisory vote to approve the compensation of the company's named executive officers. Terex's statement in support of this proposal set forth in the proxy statement on page 25. The third item on our agenda is to approve the Terex Corporation 2026 Omnibus Incentive Plan. Terex's statement in support of this proposal is set forth in the proxy statement on page 58. The fourth item on our agenda is to ratify the selection of KPMG LLP as the independent registered public accounting firm for Terex for 2026. Terex's statement in support of this proposal set forth in the proxy statement on page 59. If you've 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 each of the 12 nominees listed in the proxy statement standing for election have been elected as directors. The advisory vote on the compensation of the company's named executive officers has been approved. The Terex Corporation 2026 Omnibus Incentive Plan has been approved, and the appointment of KPMG as the independent registered public accounting firm has been ratified. The final tabulation of the votes on all of the proposals voted on today will be included in the company's current report on Form 8-K, which will be filed with the SEC within the next four business days.
For any questions that have been submitted, including any compensation-related questions, we will have a representative of the company contact you after the meeting to answer such questions. This concludes our 2026 annual stockholders meeting. With no further business, this meeting is now adjourned.
Ladies and gentlemen, this concludes today's meeting, and you may now disconnect.