Welcome to the annual meeting for Black Rock Coffee Bar. Our host for today's meeting is Mark Davis, Chief Executive Officer. I will now turn the call over to your host. Mr. Davis, you may begin. Good morning. Will the meeting please come to order? I want to welcome all of you to the annual meeting of shareholders of Black Rock Coffee Bar. My name is Mark Davis, and I am the Chief Executive Officer of Black Rock Coffee Bar, and I will be proceeding at this meeting. Sam Seiberling will act as Secretary of the meeting. Christina Perino of The Carideo Group has been appointed to act as Inspector of Election. Chris Rogers and Chris Caldwell, representatives from KPMG, our auditor for 2025, are also present at the meeting. In addition, John Gonzalez and Michael Frank Lucas, representatives from Deloitte, our auditor for 2026, are present at the meeting. During the question and answer period at the end of the meeting, myself and Rodd Booth, our Chief Financial Officer, will each be available to answer questions. Please note that a copy of the agenda and rules of conduct and procedures for this annual meeting are available on the virtual annual meeting website. To conduct an orderly meeting, we ask that participants abide by these rules. As stated in the rules of conduct, questions submitted in the field provided on the virtual meeting website will be addressed during the question and answer session. The Secretary has delivered an affidavit of mailing establishing that notice of this meeting was duly given. A copy of the notice of meeting and the affidavit of mailing will be incorporated into the minutes of this meeting. All shareholders of record at the close of business on April 1st, 2026, are entitled to vote at the annual meeting. Ms. Perino has also signed the customary oath of office as Inspector, and we will file this oath with the records of the meeting. Our first order of business at this meeting is to determine whether the shares represented at the meeting, either in person or by proxy, are sufficient to constitute a quorum for the purpose of transacting business. Sam, do you have a report? Yes. The shareholders list shows that holders of 50,055,807 shares of common stock of the company are entitled to vote at this meeting. We are informed by the Inspector of Election that there are represented in person or by proxy 40,456,184 shares of common stock, or approximately 80.8% of all the shares entitled to vote at this meeting. Thank you. I have been informed that a quorum is present, we can now proceed with the formal business of this meeting. The polls opened today, May 27, 2026, at 9:00 A.M. Pacific Time. If you have not already submitted your proxy or voted via telephone or the Internet and wish to vote, the polls will remain open until we finish presenting the proposals and close the polls. You do not need to vote during the annual meeting if you have already voted and do not wish to change your vote. If you wish to vote during the annual meeting, you will need the 16-digit control number introduced in your notice of Internet availability of proxy materials. The next order of business is a description of the matters to be voted on at today's meeting. There are two proposals to be considered by our shareholders today. The first proposal to shareholders of the company is the election of Jeff Hernandez and Kristina Cashman to serve as Class 1 directors for a term of office expiring at the annual meeting of shareholders to be held in 2029 and until their respective successors are duly elected and qualified. The board recommends that shareholders vote for the election of Jeff Hernandez and Kristina Cashman as Class 1 directors of the company. The second proposal before the shareholders of the company is the ratification of the audit committee's appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31st, 2026. The board recommends that shareholders vote for the ratification of Deloitte as our independent registered public accounting firm for the fiscal year ending December 31st, 2026. If you already submitted your proxy or voted via telephone or the Internet, you do not need to vote today. If you wish to vote, please vote now by clicking on the voting button on the web portal and following the instructions. We will pause for approximately 30 seconds before closing the voting polls. The time is now 9:07 A.M. Pacific Time. I hereby declare the polls are now closed for voting. Will the secretary please report the preliminary results of the voting? We have been informed by the Inspector of Election that based on the preliminary voting report, that Jeff Hernandez and Kristina Cashman have been duly elected, and the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31st, 2026, has been ratified. The final tally of the votes will be published within four business days in a current report on Form 8-K to be filed with the Securities and Exchange Commission. I'll now hand the meeting back to Mark. Thank you for attending today's meeting. The meeting is formally adjourned. Mark and Rod are now available to answer any questions. Please note that we will only be answering questions that are within the parameters described in the meeting rules and procedures, and only shareholders who have logged into the meeting using their unique live meeting link are able to submit a question through the question area of the web portal. However, as no questions have been submitted on the virtual meeting website, the question and answer period is hereby ended. Thank you for attending the annual meeting and for your continued support of Black Rock Coffee Bar. This concludes today's meeting. Thank you for attending. You may now disconnect and have a wonderful rest of your day.
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