Hello and welcome to the INNOVATE Corp. 2026 annual meeting. Please note that today's meeting is being recorded. Following the meeting, we will have a general question and answer session. You can submit questions or comments at any time by clicking on the Q&A icon on the annual meeting website. It is now my pleasure to turn today's meeting over to Avi Glazer.
Good morning. I'm Avi Glazer, Chairman of the Board of INNOVATE Corporation. Along with my fellow directors and the executive officers of the company, I would like to welcome you to our 2026 annual meeting of stockholders. We appreciate your attendance, your interest, and most importantly, your support of INNOVATE. The meeting is officially called to order. Now I'd like to introduce the other members of the board present today. Warren Gfeller, who has served as one of our directors since 2016, Brian Goldstein, who has served as one of our directors since 2022, and Amy Wilkinson, who has served as one of our directors since 2022. Also in attendance today are Paul Voigt, our Interim Chief Executive Officer, and Michael Sena, our Chief Financial Officer and Corporate Secretary.
I will turn the meeting over to Mr. Sena to provide some further information and proceed with the formal business of the meeting.
Thank you, Avi, welcome to all attendees. In addition to our board of directors and executive officers, we are also joined today by representatives of BDO USA, P.C., the company's independent registered public accounting firm, who will be available at the conclusion of the meeting to respond to questions. Finally, the company has appointed Jeanne Rouleau, Director of Corporate Governance and Assistant Secretary of the company, to act as Inspector of Election. Ms. Rouleau is with us today and has taken the oath of Inspector of Election. Let me now review some procedural meeting matters. The polls for voting on all matters before this meeting were opened 15 minutes prior to the start of the meeting, and all INNOVATE stockholders entitled to vote at this meeting can vote online.
If you are entitled to vote and have not yet voted, or if you want to change your previously cast vote, you can do so now by using the virtual meeting website. Please remember that if you have already voted by proxy, it is not necessary to vote again. Stockholders may submit questions during this meeting that relate to the purpose of the meeting by going to the Q&A section of the virtual meeting screen up until the time we indicate that the question and answer session is concluded. The agenda for the meeting and the rules of conduct are located on the meeting site. In order to conduct an orderly meeting, we ask that participants abide by these rules. No one attending the meeting via the webcast or telephone is permitted to use any audio recording device.
The board of directors fixed April 22nd, 2026, as the record date for determining stockholders entitled to vote at this meeting. An affidavit has been delivered attesting to the fact that a notice of internet availability of the notice of the meeting, the proxy statement, and the 2025 annual report on Form 10-K were mailed on or about April 28th, 2026, to all stockholders as of the record date and will be incorporated into the minutes of this meeting. Electronic copies of the notice, the proxy statement, and the annual report are also available on the virtual meeting website and on the company's website and will be filed with the meeting minutes.
The stockholder list shows that as of the record date, there were 14 ,0 13,470 shares of voting stock, each share being entitled to one vote, constituting all of the outstanding voting securities of the company. Our inspector of election has advised us that more than a majority of the voting power of all issued and outstanding stock entitled to vote on the record date is present in person or by proxy, and that a quorum is present for purposes of transacting business. We will now review each of the proposals, each of which is described in our proxy statement. Once this review is completed, we will close the polls, and the preliminary report of the inspector of election will be provided. Proposal one is the election of directors for a one-year term expiring at the 2027 annual meeting of stockholders.
The nominees are Avi Glazer, Warren Gfeller, Brian Goldstein, and Amy Wilkinson. Information concerning the nominees is contained in the proxy statement. No other nominations were properly submitted, and I declare the nominations to be closed. Proposal two is an advisory resolution on the compensation of our named executive officers. This proposal is advisory and non-binding, but the vote will inform our compensation committee and board regarding investor sentiment about our executive compensation philosophy, policies, and practices, which they can consider when making future executive compensation decisions. Proposal three is an amendment to the company's Second Amended and Restated 2014 Omnibus Equity Award Plan to increase the number of shares of common stock available for issuance thereunder as described in our proxy statement.
Proposal four is the ratification of the appointment of BDO USA, P.C. as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. The polls are about to close. Any stockholder who hasn't yet voted or wishes to change their vote may do so now by clicking on the voting button on the web portal and following the instructions there. The polls for the 2026 annual meeting of stockholders of INNOVATE Corp. are now closed. We have been informed by the inspector of election that the preliminary vote report shows that each of the four nominees for director, Avi Glazer, Warren Gfeller, Brian Goldstein, and Amy Wilkinson, as submitted in proposal number one, has been duly elected and that each of proposal number two, proposal number three, and proposal number four has received the required number of affirmative votes and is approved.
We will file the final report of the inspector of election with the records of this meeting and expect to report the final voting results on a Form 8-K filed with the SEC within four business days. That concludes the business portion of this meeting. The meeting is now adjourned and is open for general question and answer period. Since no questions were submitted relevant to today's agenda, I want to thank you for attending today's meeting.
Ladies and gentlemen, that concludes today's meeting. Thank you all for joining. You may now disconnect