Good afternoon. My name is Roland Kelly, and I am the Chief Legal Officer, General Counsel, and Corporate Secretary of Velocity Financial. At this time, I would like to call the meeting to order. I will chair today's annual meeting of shareholders and act as corporate secretary. As a reminder, the polls are currently open for voting if any shareholder wishes to vote or change a previous vote. I have an affidavit from Broadridge Financial Solutions confirming that notice of this annual meeting and proxy card were mailed to all shareholders of record as of the close of business on April 10th, 2026. A copy of this affidavit and copies of the material mailed will be placed with the records of this meeting.
Christopher Oltmann, our Treasurer, has been appointed to serve as the Inspector of Elections for the meeting and has previously taken his oath as Inspector of Elections. A list of the company shareholders of record as of the record date is currently available and has been on file at our headquarters for the last 10 days for inspection by any stockholder. Furthermore, Mr. Oltmann has informed me that at least a majority of the company's issued and outstanding shares entitled to vote are represented at this meeting, either virtually or by proxy. A legal quorum is present. The matters to be acted upon at today's meeting include the following. Proposal one, election of directors. Directors are elected at each annual meeting of shareholders and hold office for one-year terms. Proposal two, advisory vote on 2025 executive compensation.
We provide our shareholders with the annual opportunity to vote to approve executive officer compensation on a non-binding advisory basis. Proposal three, the ratification of RSM US LLP as our independent auditor for 2026. The voting polls for all items of business to be conducted at this meeting are now closed. The report compiled by our tabulator agent as of this morning indicates the following. Proposal one, all of our director nominees have been reelected to serve another one-year term on our board. Proposal two, advisory vote for 2025 executive compensation was approved. Proposal three, our shareholders ratified RSM US LLP as our independent auditor for 2026. A written report of the final vote count will be included in the minutes of this annual meeting and will be publicly disclosed on Form 8-K.
I would like to thank our shareholders who submitted proxies and for participating in our annual meeting. With no further business, the meeting is now concluded. Thank you all.
This concludes today's meeting. You may disconnect.