Good morning, everyone. It is now 9:30 A.M., and I hereby call the annual meeting of Cars.com Inc. to order. I am Scott Forbes, chair of the board of directors, and I welcome you to the 2026 annual meeting of stockholders. We are holding our 2026 annual meeting in accordance with our bylaws, and we have duly sent notice to all stockholders of record as of April 6th, 2026. The agenda for the meeting is available in the virtual meeting room. Additionally, rules of conduct are available via the link on the bottom right corner of your screen. I would also like to review a few other important protocols for stockholders who have control numbers. Stockholders who have control numbers may vote during the meeting, even if they have previously voted. They may also ask questions on germane topics by typing the question using the Q&A icon. We will address questions relating to the proposals while the polls are open and address general questions after the polls close. Although you may vote or submit questions at any time before the polls close, we encourage you to do so promptly to ensure that we receive your vote or address your question timely. We will now proceed. First, I would like to acknowledge our board members in attendance, including all of our committee chairs, Jill Greenthal and Don McGovern, and our Chief Executive Officer, Tobi Hartmann. Let me name our officials for today's meeting. Angelique Strong Marks, our Chief Legal Officer and Corporate Secretary, and Sonia Jain, our Chief Financial Officer, will act as proxies, and Angelique will also serve as secretary. If you have returned your proxy card, Angelique and Sonia will vote your shares as directed. And [Brunner] will serve as Inspector of Elections and has been duly sworn. Joanne Gamber, a representative from EY, our independent auditors, is also in attendance. Angelique, please confirm proof of mailing of the notice of annual meeting, proxy statement, proxy card, and annual report for fiscal 2025. Thank you, Scott. I have before me evidence that commencing on April 17th, 2026, Cars.com mailed to stockholders the notice of the annual meeting, the proxy statement, the proxy card, the annual report for fiscal year 2025. Any stockholder would like to receive a hard copy of the annual report, please email your request to ir@carscommerce.inc. Our board of directors established that April 6th, 2026 as the record date for determining stockholders entitled to notice of and to vote at this meeting. As of the record date, there were 57,019,566 shares of common stock issued and outstanding. The list of registered stockholders is available for inspection. To review it, please select Registered Shareholders List button on your screen. All holders of common stock as of the record date are entitled to one vote per share. Pursuant to our bylaws, a quorum is present when the majority of voting power of outstanding shares entitled to vote are present or represented by proxy. The Inspector of Elections has informed me that the quorum is present. Accordingly, I declare the meeting duly constituted for the transaction of business. Thank you. The secretary will incorporate into the minutes the proof of mailing, the list of stockholders, and other documents presented. With a quorum present, we will proceed with the business of the meeting. We will first address proposals submitted for stockholder vote. Following voting, I will recess the meeting while votes are tabulated. During the recess, we will address general questions that are appropriate for this forum. I will reconvene to announce results. The polls are now open at 9:34 A.M., June 3rd, 2026. Any stockholder with a control number who wishes to vote or change a prior vote should do so now by following the instructions on your screen. During this time, we will respond to questions regarding the proposals via the Q&A icon on the meeting web portal. We will address other questions after the poll close. First matter is the election of directors. The Board unanimously recommends that stockholders vote for Scott Forbes, Jill Greenthal, Tom Hale, Don McGovern, Jenell Ross, Bala Subramanian, Tobias Hartmann, and Bryan Wiener. I would also like to recognize and thank those members of the Board of Directors who are completing their service and not standing for re-election at this year's meeting. Jerri DeVard, Michael Kelly, and Greg Revelle have made invaluable contributions to Cars.com during their tenure on our Board. Their guidance, experience, and commitment have meaningfully strengthened this company. On behalf of the entire Board, our management team, and our stockholders, I want to express our sincere gratitude for your dedicated service and contributions. Next, we will consider ratification of EY as independent auditors for fiscal year 2026. I would like to remind stockholders that the Audit Committee appoints the independent auditors. This vote is advisory and not binding. However, the Board values stockholder input. If the proposal is not approved, the audit committee will consider the outcome in determining whether to retain EY. Lastly, we consider a non-binding advisory vote on named executive officer compensation. Angelique, are there any questions or comments specifically regarding the proposals? Scott, at this time, there are no questions related to the proposal. Thank you. If you have submitted your proxy card, your shares will be voted as instructed. If you have not yet voted and wish to do so, this is your final opportunity. The polls are now closed at 9:36 A.M., and the inspector will tabulate the votes. We will now recess the meeting and address appropriate questions on topics other than the proposals. Angelique, are there any questions or comments on topics other than the proposals? Scott, at this time, there are no questions or comments. Thank you. That concludes the Q&A period. We will now reconvene the meeting. We now have the preliminary voting results, which are subject to final certification by the Inspector of Elections. Angelique, please announce the results. Based on the report of the Inspector of Elections, here are the preliminary voting results. With respect to the election of directors, the majority of stockholders have elected each of the eight nominees recommended by the board to serve as directors until our 2027 annual meeting. With respect to the proposal to ratify the appointment of E & Y as our independent auditors for the 2026 fiscal year, the majority of stockholders have ratified the proposal. With respect to the proposal to approve on an advisory basis our named executive officers' compensation, the majority of stockholders have approved the proposal. The report of the inspector will be included in the minutes of the meeting. Because only a small number of votes remain to be finalized, I can now announce the following results. Scott Forbes, Jill Greenthal, Tom Hale, Don McGovern, Jenell Ross, Bala Subramanian, Tobias Hartmann, Bryan Wiener have each been elected as directors of Cars.com to serve until the 2027 annual meeting of stockholders and until their successors are duly elected and qualified. Stockholders have ratified the appointment of EY as independent auditors of Cars.com for the 2026 fiscal year. Stockholders have approved on an advisory basis the compensation of our named executive officers. We will publish the final voting results within four business days in a Form 8-K filed with the SEC. That concludes the business of this meeting. The 2026 annual meeting of Cars.com Inc. is adjourned. Thank you for attending. The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.
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