Morning. I am Harvey Schwartz, Chief Executive Officer and Director of Carlyle. On behalf of the board of directors and my colleagues at Carlyle, thank you for joining our 2026 annual meeting of shareholders. 2025 was a record year for Carlyle. The strong performance we delivered in 2025, along with the 2028 financial targets announced at our shareholder update in February, underscore the strength of our global platform, the discipline of our investment approach, and our ability to deliver long-term value for our shareholders. We thank you for your continued support. Today, I am joined by my fellow members of the company's board of directors, as well as by members of the executive team. For this meeting, I'll act as chairman, Anne Frederick will act as secretary, and Christopher Woods, a representative of American Election Services, LLC, will act as the inspector of election. Representatives from Ernst & Young LLP, the company's independent registered public accounting firm, will be available to answer appropriate questions from shareholders during the question and answer session. All shareholders of record as of April 6th, 2026, are entitled to vote at today's meeting and can do so online during the meeting until Ms. Frederick closes the polls after she reviews the proposals. This meeting is now called to order, and I ask Ms. Frederick to review the agenda for today's meeting. The time is now 9:01 A.M. on June 3rd, and the polls are now open for voting on all matters to be presented. The agenda for today's meeting sets forth the proposals for shareholder consideration and the order of business, which will be conducted in accordance with the company's bylaws and the meeting's rules of conduct and procedures. We have four proposals scheduled to be voted on today, which I will introduce shortly. Once the polls are closed, we will provide the preliminary voting results based on a report from the Inspector of Election and will then adjourn the meeting. To submit any questions on the proposals, you may do so by clicking the question box at the bottom of the virtual shareholder meeting page and typing your question. We will answer questions on the proposals before the voting is closed. Please note that our discussion today may include forward-looking statements and our actual results may differ materially from those discussed here. Additional information concerning factors that could cause such a difference can be found in our most recently filed annual report on Form 10-K and our other SEC filings. As described in the notice of annual meeting and accompanying proxy statement, we are here today to consider four proposals, each of which is further described in the proxy statement. Proposal one, the election of 13 directors named in the proxy statement. Proposal two, the ratification of the appointment of Ernst & Young LLP, the company's independent registered public accounting firm for 2026. Proposal three, the approval of The Carlyle Group Inc.'s amended and restated 2012 equity incentive plan. Proposal four, the non-binding vote to approve named executive officer compensation. The board of directors has fixed the close of business on April 6th as the record date for the determination of shareholders entitled to receive notice of and to vote at this meeting. As of the record date, there were a total of 359,839,214 shares of our common stock outstanding and entitled to vote. The proxy materials for the annual meeting were first distributed or made available to shareholders on April 23rd, 2026, and Broadridge Financial Solutions has provided an affidavit distribution certifying to the timely mailing of the proxy materials to all shareholders of record as of the record date. I have been advised by the Inspector of Election that a count of shares represented in person or by proxy immediately prior to the commencement of this meeting indicates that a quorum is present for all matters, and I declare this meeting duly constituted. The approval of proposal one requires a plurality of the votes cast by the holders of shares of common stock. The approval of proposals two, three, and four requires a majority of the votes cast by the holders of shares of common stock. If you have already voted by proxy, you need not vote again during the meeting. If you have not voted or if you want to change your vote, you may do so now online by following the instructions on the virtual shareholder meeting screen. The first matter to be voted on is proposal one regarding the election of 13 directors, William E. Conway, Jr., David M. Rubenstein, Daniel A. D'Aniello, Harvey M. Schwartz, Afsaneh Beschloss, Sharda Cherwoo, Linda H. Filler, Lawton W. Fitt, James H. Hance, Jr., Mark S. Ordan, Derica W. Rice, William J. Shaw, and Anthony Welters. The second matter to be voted on is proposal two regarding the ratification of the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for 2026. The third matter to be voted on is proposal three regarding the approval of The Carlyle Group Inc.'s Amended and Restated 2012 Equity Incentive Plan, and the fourth matter to be voted on is proposal four regarding the non-binding vote to approve named executive officer compensation. I will now pose for questions on the proposals. At this time, no questions have been submitted by shareholders. Having not received any questions, we will now proceed with the tabulation of votes. The time is now 9:06 A.M., and I hereby declare the polls closed. Based on the preliminary tabulation of the votes by the Inspector of Election, the following are the preliminary voting results. Each of the 13 director nominees listed in proposal one has been elected as a director of the company. The appointment of Ernst & Young LLP, as set forth in proposal two, has been ratified. The Carlyle Group Inc.'s Amended and Restated 2012 Equity Incentive Plan has been approved, and the non-binding vote on named executive officer compensation has also been approved. That concludes the formal business of the meeting. I want to thank you for attending today's meeting. As there is no further business to address at the meeting, I declare the meeting adjourned. The meeting has now concluded. Thank you for joining, and have a pleasant day.
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