Welcome to YETI Holdings, Inc. Annual Meeting of stockholders. I will now turn the meeting over to Bob Shearer.
Good morning, ladies and gentlemen. I'm Bob Shearer, Chair of the Board of YETI Holdings, Inc. and Chair of this meeting. I'd like to welcome everyone to YETI's 2026 Annual Meeting of Stockholders. The meeting is now called to order. I would like to introduce Bryan Barksdale, Senior Vice President, Chief Legal Officer, and Secretary of the company. Mr. Barksdale will act as Secretary of this meeting.
Thank you, Mr. Chair. The first order of business will be to conduct the formal portions of the annual meeting. Thereafter, Matt Reintjes, YETI's President and Chief Executive Officer, will provide answers to questions submitted by stockholders during the meeting. We will answer as many questions as time permits. Any questions that we are unable to address during the meeting will be published and answered on our website following the meeting, with the exception of those that are irrelevant to the purpose of the Annual Meeting or our business or that are inappropriate or derogatory. At this time, I'd like to introduce the Directors and officers present at today's meeting. In addition to Mr. Shearer, the following Directors are present at the meeting. Arne Arens, Beth Axelrod, Alison Dean, Frank Gibeau, Mary Lou Kelley, Dusty McCoy, Matt Reintjes, and Magnus Welander.
In addition to Mr. Reintjes and me, the officers present at this meeting are Scott Bomar, Senior Vice President, Chief Financial Officer, and Treasurer, and Marty Duff, Senior Vice President, Chief Supply Chain and Operations Officer. I'd also like to introduce Jay Luckabill and Mark Dinnen of PricewaterhouseCoopers, LLP, the independent auditors of the company. Mr. Robert Johnson will serve as Inspector of Election and has taken the oath of office. If you've already voted your stock, it's not necessary to vote during this meeting. However, if you have not yet voted or would like to revoke or change a prior-dated proxy vote, you may electronically vote your respective shares during the meeting until the polls close using the control number previously mailed or made available to you. Mr. Johnson, will you please report as to the existence of a quorum?
On March 10th, 2026, the record date for this Annual Meeting, there were 75,693,642 shares of common stock outstanding and entitled to one vote per share. There are present at this annual meeting in person or by valid proxy, holders of 71,306,334 shares of common stock, representing approximately 94.2% of the eligible votes. This constitutes a quorum.
I declare that a quorum is present, and the meeting is duly constituted.
As described in the proxy statement, there are four matters before the annual meeting. The first matter to come before the meeting is the election of four Class II Directors. The Board of Directors of the company recommends the following nominees to serve as Class II Directors for the ensuing three years ending at the company's 2029 Annual Meeting of Stockholders. Arne Arens, Mary Lou Kelley, Dustan McCoy, and Robert Shearer. The second matter to be voted upon is the approval on an advisory basis to the compensation paid to our named executive officers. The Board recommends a vote for approval of the advisory vote on executive compensation. The third matter to be voted upon is the approval on an advisory basis of the frequency of future say- on- pay votes. The board recommends a vote for a frequency of one year.
The fourth matter to be voted upon is the ratification of the appointment of PricewaterhouseCoopers as the company's independent registered public accounting firm for the fiscal year ending January 2nd, 2027. The Board recommends a vote for ratification of the appointment of PricewaterhouseCoopers. We'll now pause briefly to allow stockholders time to cast their votes.
The time is 8:04 A.M. The polls are now closed.
Mr. Johnson, will you please report on the results of the vote?
The Inspector of Election reports that Mr. Arens, Ms. Kelley, Mr. McCoy, and Mr. Shearer have received the most affirmative votes cast in person or by proxy at this meeting. Over a majority of the votes cast have been voted in favor of the approval of the compensation paid to the company's named executive officers. Over a majority of the votes cast have been voted in favor of one year as the frequency of future say- on- pay votes. Over a majority of the votes cast at this meeting have been voted in favor of the ratification of the appointment of PricewaterhouseCoopers LLP, as the company's independent registered public accounting firm for the fiscal year ending January 2nd, 2027.
Having received the report of the Inspector of Election, I declare that each of the four nominees has been duly elected as a Class II Director. The compensation paid to our named executive officers is approved. One year is approved as a frequency of future say- on- pay votes. The appointment of PricewaterhouseCoopers LLP, as the company's independent registered public accounting firm for the current fiscal year is ratified.
This concludes the business portion of the Annual Meeting. No questions were submitted during the course of this meeting. Back to you, Mr. Shearer.
Having concluded the question- and- answer portion of the meeting, this meeting is hereby adjourned.
This concludes the meeting. You may now disconnect.