Good morning, ladies and gentlemen. I'd like to welcome you to this special meeting of Confluent stockholders. My name is Jay Kreps, and I'm the Chief Executive Officer and Chairman of the Board of Directors of Confluent. We're pleased that you could join us today. Your interest in and support of Confluent is appreciated. I now call this meeting to order. I will act as chairperson of this meeting, and Rebecca Chavez, Confluent's Chief Legal Officer, will act as Secretary of the meeting. Also joining us are Kevin Chow, our Inspector of Election, and representatives of Cooley, our outside Corporate Counsel. Now I'll turn it over to Rebecca to make a report. Thank you, Jay. The record date for the determination of holders of shares of Confluent's Capital Stock entitled to vote at this meeting was January 7, 2026. Copies of the Notice of Special Meeting, Proxy Statement, and form of proxy card were mailed to stockholders beginning on or about January 9, 2026. I have been given an affidavit of mailing by Confluent's proxy solicitor which will be filed as amendments to this meeting. Each Class A share is entitled to one vote per share, and each Class B share is entitled to 10 votes per share on each matter brought before the meeting. A quorum exists if the holders of a majority of the voting power of the outstanding shares of stock entitled to vote at this meeting are present by remote communication at this meeting or represented by proxies duly authorized. Based on a preliminary report provided by the Inspector of Election, a quorum is present at this meeting, and it may proceed. The polls are open for voting. If you haven't voted your shares, stockholders may now cast their votes by clicking on the "Vote Here" icon located under Cast Your Vote. The polls will remain open until the conclusion of the formal items of business. As a reminder, if you have previously submitted a proxy and do not wish to change your voting instructions, you do not need to vote at this meeting. By voting at this meeting, you will revoke your prior proxy. A copy of the rules of conduct for this meeting is accessible by clicking on the appropriate link on the meeting website. Kevin Chow, an independent third-party inspector, has been appointed as the Inspector of Election to supervise the vote at this meeting. He has taken the oath of office, which will be filed with the minutes of this meeting. We will now proceed with the formal items of business. The first item of business to be voted on today is a proposal to adopt the Agreement and Plan of Merger dated as of December 7, 2025, by and among International Business Machines Corporation, Corvo Merger Sub Inc., and Confluent. Confluent's board of directors recommends that you vote to adopt the merger agreement. The second item of business is a proposal to approve, on a non-binding advisory basis, the compensation that will or may become payable by Confluent to its named executive officers in connection with the merger contemplated by the Merger Agreement. Confluent's board of directors recommends that you vote to approve this proposal. I've been advised, based on a preliminary tabulation of proxies received, that there are sufficient votes to approve Proposal One. Accordingly, Proposal Three, included in the Proxy Statement for this meeting, which relates to the adjournment of the meeting, will not be submitted for a vote today. The vote required to approve each of the proposals is described in the Proxy Statement for this meeting. As a reminder, the polls are open for stockholders to vote on Proposals One and Two. You can vote your shares by clicking on the "Vote Here" icon located under Cast Your Vote. As a reminder, if you've previously submitted a proxy and do not wish to change your voting instructions, you do not need to vote at this meeting. By voting at this meeting, you will revoke your prior proxy. If you have questions on how to vote your shares at this meeting, you can submit your questions through the meeting website. We will now review if there are any questions submitted online in accordance with the meeting procedures. As a reminder, we will only review and answer questions at this time that pertain to how to vote your shares at the meeting. We will pause now to give stockholders a final opportunity to vote. The polls will close shortly after. It is 9:04 on February 12, 2026, and the polls are now closed. At this time, all the proxies and ballots are in the custody of the Inspector of Elections. Based on a preliminary report provided by the Inspector of Elections, stockholders have approved both proposals presented at the meeting today. The tabulation of votes on each of the matters presented at this meeting will be included in the Form 8-K that Confluent will file with the Securities and Exchange Commission within four business days of this meeting. This concludes the meeting, and the meeting is now adjourned. We express our sincere appreciation to those stockholders who attended this meeting, as well as to those who submitted their proxies but were unable to be present at this virtual meeting. We are grateful for your interest in and support of Confluent. This now concludes the meeting. Thank you for joining and have a pleasant day.
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