Good morning. I'm Peter McManaman, the Chairman of the Board of Directors, and welcome to CEVA's 2026 Annual Meeting of Stockholders. As in recent years, we're holding the meeting as a virtual meeting, and I will preside over today's meeting. We're very pleased with your continued interest in the company, and I share with all of us, albeit virtually. The following additional directors are also present virtually: Bernadette Andrietti, Amir Faintuch, Jaclyn Liu, Maria Marced, Amir Faintuch, and Louis Silver. The following officers of the company are present virtually. Amir Faintuch, the company's Chief Executive Officer, Yaniv Arieli, the company's Chief Financial Officer, and Dotan Bar-Natan, the company's Chief Legal Officer and Corporate Secretary. Also present virtually are Gilad Zohari, a partner at Latham & Watkins LLP, the company's outside legal counsel, and Guy Caspi of Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, the company's independent auditors. A representative from CT Hagberg will act as the Inspector of Elections for this meeting and has provided me with a report summarizing the tabulation of the votes as of the end of business on June 1, 2026, which report will be supplemented by any additional proxies and ballots received today prior to the closing of the polls. I'm sure you can appreciate there are legal formalities that we need to fulfill at this meeting. I ask you to bear with me as I go through a prepared script so that we meet these legal requirements and include everything we're required to do. Certain operating procedures for this meeting to apply for the ordinary transactions of business can also be seen on your screen. Let me summarize some of the procedural points. First, we are recording this meeting, and you will be able to replay a recording of it for one month from the virtual stockholder meeting website. Please wait it there so as to allow the recording to be uploaded. Second, you can use the question box on your screen to submit questions at any time during the meeting. We cannot guarantee that we will answer all questions, but we will do our best. Third, you are able to vote during the meeting at any time from the beginning of the meeting until we close the polls. However, if you have already voted in advance by using an online ballot or a physical proxy card, a vote at this meeting will supersede your earlier vote. If you have already voted, you do not need to vote again. Fourth, in the event of any technical difficulties before the formal adjournment of the meeting, we may temporarily adjourn and reconvene the meeting in accordance with our bylaws. The Notice of Internet Availability of Proxy Materials for this meeting was mailed to you on or about April 20, 2026, and will be filed with an affidavit of mailing with the minutes of the meeting. The proxy statement for this meeting was made available on the website hosted by Broadridge on April 20, 2026. Only stockholders of record as of April 9, 2026, or persons holding the proxy of such stockholders may vote on matters presented at this meeting. Based on the record date, 27,859,369 shares of CEVA common stock are entitled to vote at this virtual meeting. I will now report the number of stockholders present or represented by proxy at this virtual meeting. Based on CT Hagberg's report as of June 2nd, 2026, 22,114,832 shares of the company's common stock were present or represented by proxy. This represents a quorum for this virtual meeting. To expedite the flow of business at this virtual meeting, each of the matters to be acted upon will be introduced and discussed in the order set forth in the proxy statement. As I noted earlier, it is not necessary for a stockholder to vote if you have already sent in a proxy or voted by telephone or internet unless you wish to change your vote. Are there any stockholders who wish to do so on any of the proposals? If not, we will close the polls at this time. As we count on the ballot, I will announce the vote tabulated just prior to the start of the virtual meeting, unless I am informed by the Inspector of Elections that the vote given at this virtual meeting changes the outcome of the vote. Final vote totals will be reported in the company's current report on Form 8-K within four business days. Any stockholder desiring to address the meeting today on any of the agenda items will be given an opportunity to do so. However, we ask that any stockholder who wishes to address the meeting focus his or her comments on the agenda item at hand. Election of directors. The first matter to be acted upon is the election of seven directors who will serve a one-year term upon election until the next annual general meeting of stockholders to be held in 2027 or until his or her successor is duly elected and qualified. The seven directors are Bernadette Andrietti, Amir Faintuch, Jaclyn Liu, Maria Marced, Amir Faintuch, Louis Silver, and myself. Additional information about the nominated directors is outlined in the proxy statement. Are there any questions or discussions? If not, I will announce the preliminary vote results. Ms. Bernadette Andrietti was elected by a total of at least 17,950,281 shares, voting for election of the director or at least 94% of the votes cast by the holders of our common stock present or represented by proxy and entitled to vote at the meeting. Faintuch was elected by a total of at least 18,829,249 shares voting for election of the director, or at least 99% of the votes cast by the holders of our common stock present or represented by proxy and entitled to vote at the meeting. Ms. Liu was elected by a total of at least 17,209,702 shares voting for the election of the director, or at least 91% of the votes cast by the holders of our common stock present or represented by proxy and entitled to vote at the meeting. Ms. Marced was elected by a total of at least 18,087,677 shares voting for election of the director, or at least 95% of the votes cast by the holders of our common stock present or represented by proxy entitled to vote at the meeting. Mr. Panush was elected by a total of at least 18,833,889 shares voting for election of the director or at least 99% of the votes cast by the holders of our common stock present or represented by proxy and entitled to vote at the meeting. Mr. Silver was elected by a total of at least 18,108,742 shares voting for election of the director, or at least 95% of votes cast by the holders of our common stock present or represented by proxy and entitled to vote at the meeting. I was elected by a total of at least 18,240,611 shares voting for election of the director or at least 96% of the votes cast by the holders of our common stock present or represented by proxy and entitled to vote at the meeting. The next matter to be voted upon is the advisory vote to approve the compensation of the company's named executive officers as set forth in greater detail in the proxy statement. Are there any questions or discussions? If not, I will announce the preliminary vote results. The advisory vote to approve the compensation of the company's named executive directors, as set forth in greater detail in the proxy statement, has been passed by a vote of at least 9,497,742 shares, representing not less than 50.2% of the common stock present or represented by proxy and entitled to vote at the meeting. The proposal has been passed. The next matter to be voted upon is ratification of the selection of Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, as independent auditors of the company for the fiscal year ending December 31, 2026. Are there any questions or discussions? If not, I will announce the preliminary vote results. The vote to ratify the selection of Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, as independent auditors of the company for the fiscal year ending December 31, 2026, as set forth in greater detail in the proxy statement, has been passed by a vote of at least 21,719,768 shares, representing not less than 98% of the common stock present or represented by proxy and entitled to vote at the meeting. The proposal has been passed. Is there any other business to come before the meeting? If not, we would like to adjourn the meeting. There being no further business to come before the meeting, CEVA 2026 Annual Meeting of Stockholders is now adjourned. Thank you for attending, and we look forward to seeing you next year. This concludes today's Annual Meeting. You may now disconnect.
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