Hello, welcome to the 2026 Annual Meeting of Stockholders of Coursera, Inc. Please note that today's meeting is being recorded. After the formal portion of the meeting, we will have a question- and- answer session. You can submit questions or comments at any time by using the Ask a Question function on your screen. It is now my pleasure to turn today's meeting over to Dr. Andrew Ng, the Chairman of the Board and a Co-Founder of Coursera. Thank you. My name is Andrew Ng, Coursera's Chairman of the Board. On behalf of your Board of Directors and the Officers of Coursera, it's my pleasure to welcome everyone to Coursera's 2026 Annual Meeting of Stockholders. Thank you for joining us today. We appreciate your attendance, interest, and support. This meeting is officially called to order. Joining me for today's meeting are several members of our Board of Directors, as well as Greg Hart, Coursera's President and Chief Executive Officer, Mike Foley, Coursera's Chief Financial Officer, and Alan Cardenas, Coursera's General Counsel and Corporate Secretary, who will act as Secretary and Inspector of Election for this annual meeting. We're also joined by Mr. John Gonzalez of our independent auditors, Deloitte & Touche LLP. Mr. Cardenas has provided us with a written oath of inspector of election that will be filed with the minutes of this meeting. It is my pleasure to turn the meeting over to Alan Cardenas, the Secretary for today's meeting. Thank you, Andrew. I'd like to announce that the polls are now open and will close after the presentation of the last proposal. Only stockholders who held shares as of the record date for this meeting are entitled to vote shares. If you have already voted your shares, there is no need to vote again unless you wish to change your vote. If you would like to vote your shares or change your vote, you may do so while the polls are open by following the instructions on your screen. Three annual meeting proposals were included in the proxy statement for this meeting. After the proposals are presented, we will open the floor for questions and discussion concerning the proposals. After any discussion, the polls will be closed, and we will announce preliminary voting results. Once the formal meeting has been adjourned, we will provide time for general questions. Please also take note of the rules of conduct for this meeting. They are available in the meeting materials section on the lower right of your screen. The board of directors set April 23rd, 2026 as the record date for determining stockholders entitled to vote at this annual meeting. I have an affidavit of distribution from Broadridge confirming that the notice of annual meeting was provided to all stockholders of record on or about May 11th, 2026. As of the record date, there were 169,333,436 shares of common stock outstanding and entitled to vote at this meeting. This list of stockholders entitled to vote at the meeting has been available at our headquarters for the past 10 days and is available online at this meeting for examination by any stockholder through the registered stockholders link located at the bottom of the screen. As inspector of elections, I can confirm that a quorum is present, either by proxy or in person, and the meeting may proceed. I will present the three proposals to be voted upon. Please note that we will give stockholders an opportunity to comment on the proposals themselves after all proposals have been presented. The first proposal is the election of our Class 2 director nominees, Christopher McCarthy, Andrew Ng, and Lydia Patton, to serve until the 2029 annual meeting of stockholders or until their successors are duly elected and qualified. The second proposal is the approval on a non-binding advisory basis of the executive compensation of our named executive officers as disclosed in our proxy statement. The third and final proposal is the ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31st, 2026. That concludes the review of the proposals to be voted on. The polls will be closing shortly. If you have not yet voted and you would like to vote electronically at this meeting, please do so now using your assigned control number. I will pause for a few seconds to allow stockholders to complete their voting. Now that everyone has had an opportunity to vote, I declare the polls for the 2026 annual meeting of stockholders closed. No additional ballots, proxies, or votes, and no changes or revocations will be accepted at this time. The proxies and any ballots previously submitted have been tabulated, and I have the preliminary voting results. Any votes cast today, including those submitted electronically during the meeting, will be counted in the final tally. As inspector of elections, I can confirm that the preliminary voting results are that Christopher McCarthy, Andrew Ng, and Lydia Patton have been duly elected as Class 2 directors of our board. The compensation of our named executive officers, as disclosed in the proxy statement, has been approved on a non-binding advisory basis, 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. We will be reporting the final vote results on a Form 8-K within four business days of this meeting. With that, I will turn the meeting back to our Chairman, Andrew. Thank you, Alan. There being no further business to come before the meeting, the 2026 Annual Meeting of Stockholders of Coursera is now adjourned. I will turn the call back over to Alan, our Corporate Secretary, who will open the meeting for stockholder questions. Thank you, Andrew. Stockholders of record who would like to ask a question may do so by electronically submitting their question in the box located in the lower left corner of the online portal. In the interest of giving as many stockholders as possible a chance to receive responses today, we ask that you limit yourself to one question. All statements made during this question- and- answer session that relate to future results and events are forward-looking statements based on current expectations. Actual results and events could differ materially from those projected due to a number of risks and uncertainties, which are discussed in our Form 10-K for the year ended December 31, 2025, and our Form 10-Q for the three months ended March 31, 2026. We assume no obligation to update our forward-looking statements. We will now answer appropriate questions that have been submitted in advance of today's meeting or via the web portal. We have allocated up to 10 minutes for stockholders' questions. We will begin with any appropriate questions received in advance of today's meeting. We will endeavor to provide responses to all stockholder questions following the conclusion of today's meeting. We will attempt to answer as many questions as time allows, only questions that are relevant to Coursera's business or this annual meeting will be addressed. You can also email your questions directly to ir@coursera.org to ask any questions outside of this meeting. You will now hear a brief moment of silence while we check for any submitted questions. Ladies and gentlemen, no relevant questions have been submitted. This concludes our general question- and- answer session and today's meeting. We invite you to visit our investor relations website for additional information. Thank you for participating in today's annual meeting and for your continued support of Coursera. Ladies and gentlemen, this concludes the 2026 Annual Meeting of Stockholders of Coursera, Inc.. You may now disconnect.
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