Welcome to the Transcat, Inc. 2026 Annual Meeting of Stockholders. I will now turn the meeting over to the chair of the meeting.
Good afternoon. I am Gary Haseley, Chairman of the Board of Transcat, Inc. It is my pleasure to welcome you to the 2026 Annual Meeting of Shareholders. We are conducting our annual meeting this year as a virtual meeting with a live webcast. We believe this format has enabled more participation by giving all shareholders the ability to attend the meeting, regardless of their location. The agenda for the meeting is displayed on your screen. The meeting materials, including the rules of conduct, are also available there. I am now calling to order the 2026 Annual Meeting of Shareholders of Transcat, Inc.
First, I would like to introduce our directors. Sandy Dominach, Director and Chair of our Audit Committee. Mbago Kaniki, Director and Chair of our Nominating, Environmental, Social, and Governance Committee. Craig Cairns, Director and Chair of our Compensation Committee. Cynthia Langston, Director and Chair of our Technology Committee.
Jaime Irick, Director, President, and Chief Executive Officer. Dawn DePerrior, Director. Christopher Gillette, Director. Robert Mecca, Director. Also joining us today are representatives from Deloitte & Touche LLP, our independent registered public accounting firm. Kristina Johnston, our Corporate Controller and Principal Accounting Officer, and Margaret K. Rhoda, Partner at Harter, Secrest & Emery LLP. As with every annual meeting, there are a series of corporate formalities and matters of official business we must cover. With your indulgence, I will take care of these matters first, and then we will answer any appropriate questions from shareholders. Kristina Johnston has in her possession a copy of the affidavit of distribution to shareholders of the notice of internet availability of proxy materials. This affidavit will be attached to the minutes of this meeting as Exhibit A and filed in the company's minute book.
Chris also has in her possession a list of the shareholders of record at the close of business on July 13th, 2026, the record date for this meeting set by the Board of Directors. Chris has been appointed by the Board to act as the Inspector of Elections for this meeting and has filed her oath as inspector with our Secretary, Thomas Barbato, prior to the meeting. I now direct that a copy of this oath be attached to the minutes of this meeting as Exhibit B and filed in the minute book. Chris, would you please advise the meeting on the quorum count?
There are 9,359,810 shares eligible to vote at this meeting, of which 8,693,605 shares are represented in person or by proxy. We have therefore determined that a majority of the shares entitled to vote are present at this meeting in person or by proxy, and that a quorum is present.
Based on this report, I now declare this meeting officially open for business. If you wish to submit a question during the meeting, please type the question into the Ask a Question field on your screen and click Submit. There are three proposals to be considered and voted on at this meeting, all of which are described in the proxy statement previously made available to shareholders by the board. The first proposal is the election of six directors, each to serve for a one-year term expiring in 2027. The second proposal is to approve, on an advisory basis, the compensation of the company's named executive officers. The third proposal is to ratify the selection of Deloitte & Touche as the company's independent registered public accounting firm for fiscal 2027.
Based on the recommendation of the nominating environmental, social, and governance committee, the board has nominated Dawn DePerrior, Christopher Gillette, me, Gary Haseley, Mbago Kaniki, Cynthia Langston, and Robert Mecca as directors, each to serve for a one-year term expiring in 2027. Any shareholder that has logged into the meeting and wishes to vote or wishes to change their vote may do so by clicking the Vote Here button on the screen. Only the latest vote you submit will be counted. We will now pause for a moment to allow time for those shareholders to vote. I now ask Chris to report on the result of the voting.
Based on the number of votes cast in person or by proxy, each proposal has received the required number of votes and therefore, one, shareholders have elected Dawn DePerrior, Christopher Gillette, Gary Haseley, Mbago Kaniki, Cynthia Langston, and Robert Mecca as directors, each to serve for a one-year term expiring in 2027. Two, shareholders have approved, on an advisory basis, the compensation of the company's named executive officers. And three, shareholders have ratified the selection of Deloitte as the company's independent registered public accounting firm for fiscal 2027.
The company will report final voting results in a current report on Form 8-K to be filed with the Securities and Exchange Commission within four business days after this meeting. There being no other business to properly come before this meeting, the Inspector of Election is directed to file her report of the results of the voting at this meeting with Mr. Barbato, who will attach the report to the minutes as Exhibit C. This concludes the 2026 Annual Meeting of Shareholders of Transcat. Thank you for participating.
The meeting has concluded. You can now disconnect.