Afternoon. Welcome to the 2026 annual meeting of stockholders of CoreWeave, Inc. Please note that this event is being held via live webcast. The webcast will be posted on the virtual meeting website for three months after this meeting. I would now like to turn the meeting over to Michael Intrator, Chief Executive Officer, President, and Chairperson of the Board of Directors of CoreWeave, Inc, and chairperson of the annual meeting. Thank you for joining CoreWeave's first annual meeting of shareholders. Before turning things over to Kristen to cover the formal proceedings of the meeting, I want to take a moment to reflect on 2025 and share what we see ahead. CoreWeave went public a little more than a year ago, marking a new chapter for us with greater responsibility, transparency, and a broader group of shareholders who place their trust in what we are building. To all of our shareholders, thank you for your confidence and support. Every day, we are focused on delivering on it through innovation, execution, and creating long-term value. In 2025, our first year as a public company, we became the fastest cloud platform in history to surpass $5 billion in annual revenue, grew our contracted revenue backlog to $66.8 billion, adding more than $50 billion of customer commitments from the world's leading AI labs and enterprises across industries, expanded our active power footprint to more than 850 MW across 43 data centers while growing our contracted power portfolio to more than 3.1 GW, and continued building what we believe is the most capable AI cloud platform in the market. These results reflect where AI is today and where it's going. Organizations across industries are moving beyond experimentation and deploying AI into real-world products, services, and business processes. That shift plays directly to CoreWeave's strengths. When we started CoreWeave, we had a simple belief: a world powered by AI would require a cloud platform purpose-built for it. At the time, it wasn't a widely held view. The market has validated that original thesis. Enterprises across financial services, healthcare, manufacturing, life sciences, and media, as well as governments, are increasingly adopting our platform not simply for GPU compute, but for the integrated solutions we offer to help them build, deploy, and operate AI at scale. Today, nine of the 10 leading AI model providers trust our platform with their most demanding workloads. We continue to rapidly expand and innovate CoreWeave's platform across compute, software, networking, storage, observability, and developer tooling. In 2025, we made four strategic acquisitions to accelerate our journey, empowering enterprises to move AI from experimentation to production. We also introduced new products across our portfolio, from storage to CPU to development tools, geared towards enabling multi-cloud capabilities while positioning CoreWeave to be a long-term beneficiary of AI adoption within the enterprise. The expansion of our product portfolio and inference layer is making the differentiation of CoreWeave's AI cloud platform increasingly evident, as demonstrated by our industry-leading MLPerf inference benchmark results and our designation by SemiAnalysis as the only platinum-rated cloud provider across both hyperscalers and neo clouds. We are on track toward our long-term objective of more than eight gigawatts of active power by 2030, expanding capacity to meet that demand. Broader adoption across our product portfolio is translating into growing wallet share and deeper integration into our customers' AI strategies. Put simply, CoreWeave is the essential cloud for AI. The scale of this build-out requires enormous capital, and CoreWeave approaches that challenge differently. Before we were cloud builders, we were risk managers, and that discipline shapes how we deploy capital today. We build against long-term customer commitments, tying investment directly to contracted demand. That model has become a competitive advantage: broader capital partnerships, lower cost of capital, and the ability to scale with discipline. It's also defining a new asset class for the AI era, demonstrating how infrastructure at this scale can be financed responsibly and sustainably. We've made meaningful progress in how we finance growth, securing more than $18 billion of debt and equity capital in 2025. Early in this cycle, the industry focused on training models, but it's in inference that models begin generating economic returns. Demand for it is accelerating as the technology matures. This is the clearest signal that AI has moved beyond research and into broad adoption. We are building towards this new reality. We have and will continue to introduce new products and services that unlock the potential of inference while positioning CoreWeave to benefit substantially from its acceleration. What we're seeing is also not a single-generation hardware cycle. It is a long-term build-out of compute, networking, software, energy, and data center infrastructure at unprecedented scale. Our focus remains unchanged. Increasingly, the constraint is no longer whether organizations want to deploy AI, but how a full stack AI cloud can deliver the capacity and services they need to succeed. That is the challenge CoreWeave is solving every day. To our employees, customers, partners, and shareholders, thank you for your trust, support, and belief in CoreWeave. For the business of this annual meeting, I will act as the chairperson of this annual meeting and now call the meeting to order. We are excited to be hosting our first annual meeting virtually with our stockholders attending via virtual webcast. Through this online platform, we will be able to increase stockholder participation and decrease overhead costs. I would like to now introduce Kristen McVeety, our General Counsel and Corporate Secretary, who will be acting as Secretary of this annual meeting and keeping the minutes. Thank you, Mike. I'm advised by the Inspector of Elections that more than a majority of the voting power of our shares of Class A common stock and Class B common stock issued and outstanding and entitled to vote at this meeting is present or represented by proxy here today, and that a quorum is therefore present. We will describe the proposals to be voted on today later during the meeting. It is now 4:08 P.M. Eastern Time, and polls are now open for voting. Voting is by proxy and electronic ballot. Any stockholder who has a 16-digit control number who has not voted or wishes to change his or her vote may do so by clicking on the Vote button on the webcast portal and following the instructions there. Stockholders who have sent in proxies or previously voted via the internet or by phone, and who do not wish to change their vote, do not need to take further action. Their votes will be counted automatically. We expect to close the polls shortly after the presentation of matters to be voted on at the meeting and the question and answer session. We will answer questions regarding the proposals to be voted on at the meeting after all proposals have been presented as appropriate. Stockholders are limited to two questions each. Although we may not be able to answer every question, we will do our best to respond to as many as possible in the time permitted. The time allocated for the question and answer session will be limited to 10 minutes. Please keep your questions succinct and limited to the specific proposals up for a vote. We will not answer questions that do not comply with the rules of conduct and procedures for the annual meeting that are posted on the webcast portal. Please note that stockholders who want to ask a question may do so by inputting the question in writing in the webcast portal for this meeting. Only validated stockholders are permitted to submit questions. This meeting is being recorded. However, no one attending via the webcast is permitted to use any audio recording device. A webcast playback will be available at the same link for this meeting within 24 hours of the end of the meeting. The webcast will be available for approximately three months after the meeting. In addition to Mr. Intrator and myself, we are also joined on this call today by members of our board of directors. We're also joined by members of senior management. Also present are representatives of Deloitte & Touche LLP, our independent registered public accounting firm, who will be available during the question and answer session to respond to appropriate questions. Jen Hitchcock of Fenwick & West LLP, our outside legal counsel, and Lou Larson, representative of Broadridge Financial Solutions, Inc, who has executed the oath of Inspector of Elections and will act as the Inspector of Elections for this meeting and tabulate results of the voting. Let's now turn to the formal business of this meeting. The proposals to be considered are described in our proxy statement dated April 22nd, 2026, and I will review these in a few minutes. First, I will report on the notice for this meeting. Our board of directors fixed April 15th, 2026, as the record date for determining the stockholders entitled to vote at this meeting. I present to this meeting an affidavit of a representative of Broadridge attesting that records related to the 2026 annual meeting of stockholders were mailed and deposited with the U.S. Postal Service commencing on April 22nd, 2026. The affidavit will be incorporated into the minutes of this meeting. A list of the stockholders entitled to vote at this meeting was available for inspection during ordinary business hours at our corporate headquarters for a 10-day period ending yesterday. The list of stockholders showed that as of the record date, there were 442,969,348 shares of our Class A common stock and 99,997,704 shares of our Class B common stock outstanding and entitled to vote at this meeting. Each share of Class A common stock is entitled to one vote, and each share of Class B common stock is entitled to 10 votes. As previously mentioned, the Inspector of Elections has advised that more than a majority of the voting power of our shares of Class A common stock and Class B common stock issued and outstanding and entitled to vote at this meeting is present or represented by proxy here today, and that a quorum is therefore present. We are therefore authorized to transact business at this meeting. I will now present the matters to be voted upon. As stated in the notice of this annual meeting and our proxy statement, the first item of business is the election of one Class I director who is currently serving as a director on our board of directors to be elected for a three-year term expiring at our 2029 annual meeting of stockholders, and until his successor has been duly elected and qualified, or until his earlier death, resignation, disqualification, retirement, or removal. The director nominee is Michael Intrator. No other director nominees have been properly submitted for election pursuant to our amended and restated bylaws or the Securities and Exchange Commission rules. Therefore, no other nominations can be accepted. The board of directors recommends a vote for the election of the nominated director. As secretary of this annual meeting and on behalf of the board of directors, I move for the election of the nominated director, which motion is seconded by proxy. The second item of business is to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the year ending December 31, 2026. The board of directors recommends a vote for the ratification of the appointment of Deloitte & Touche LLP. As secretary of this annual meeting and on behalf of the board of directors, I move for the approval of this proposal, which motion is seconded by proxy. The third item of business is a non-binding advisory vote on the compensation of CoreWeave's named executive officers. Under this proposal, our stockholders may cast a non-binding advisory vote on whether they approve of the compensation of our named executive officers. The board of directors recommends a vote for the approval on a non-binding advisory basis of the compensation of CoreWeave's named executive officers. As secretary of this annual meeting and on behalf of the board of directors, I move for approval of this non-binding proposal, which motion is seconded by proxy. The fourth item of business is a non-binding advisory vote on the frequency of future advisory votes on the compensation of CoreWeave's named executive officers. Under this proposal, our stockholders may cast a non-binding advisory vote on whether they would prefer to vote on the compensation of our named executive officers every year, every two years, or every three years. The board of directors recommends a vote to hold future non-binding advisory votes on the compensation of CoreWeave's named executive officers every year. As secretary of this annual meeting and on behalf of the board of directors, I move for the approval of the option of a vote every year of this non-binding proposal, which motion is seconded by proxy. We will now address any questions that stockholders have submitted that are relevant to the proposal. As noted earlier, stockholders are limited to two questions each. Though we may not be able to answer every question, we will do our best to respond to as many as possible in the time permitted. The time permitted for the question and answer session is limited to 10 minutes. If we do not receive any relevant questions, we will promptly conclude the question and answer session. We do not see any questions and will now proceed to vote on the previously discussed proposal. The voting today is by proxy and electronic ballot. Any stockholder who has not voted or wishes to change his or her vote may do so by clicking the Vote button on the webcast portal and following the instructions there. Stockholders who have sent in proxies or previously voted via the internet or by phone and who do not wish to change their vote do not need to take further action. Their votes will be counted automatically. We expect to leave the polls open for approximately one minute to allow for anyone who chooses to vote now to cast ballots. Time begins now. It is now 4:18 P.M. Eastern Time. Now that everyone has had the opportunity to vote, I now declare the polls for this annual meeting closed at 4:18 P.M. Eastern Time on June 8th, 2026. We now have preliminary voting results. I would now like to introduce Lou Larson, our Inspector of Elections for this annual meeting. Lou, please proceed. Thank you very much. I will now read the preliminary voting results. Proposal one, election of director. The director elected pursuant to proposal one will be elected by a plurality of the votes cast at the meeting. Based on the tabulated results, Michael Intrator, the one nominee of the ballot, has received the highest number of four votes cast and therefore has been elected to the board of directors. Proposal two, ratification of appointment of independent registered public accounting firm. The vote required to approve proposal two is the affirmative vote of a majority of the votes cast affirmatively or negatively. Based on the tabulated results, the proposal to ratify the appointment of Deloitte & Touche LLP as CoreWeave's independent registered public accounting firm for the fiscal year ending December 31st, 2026, has been approved. Proposal three, advisory vote on the compensation of named executive officers. The vote required to approve proposal three is the affirmative vote of a majority of the votes cast affirmatively or negatively. Based on the tabulated results, the proposal to approve on a non-binding advisory basis the compensation of CoreWeave's named executive officers has been approved. Proposal four, advisory vote on the frequency of future advisory votes on the compensation of named executive officers. The vote required to approve one of the three options presented in proposal four is the highest number of votes cast. Based on the tabulated results, the proposal to hold future stockholder advisory votes on the compensation of CoreWeave's named executive officers every year has been approved. I would now like to turn it back over to Kristen McVeety for the final item on the agenda. Thank you, Lou. The 2026 annual meeting of stockholders of CoreWeave, Inc is now adjourned. Final results of the voting will be recorded as stated in the minutes of this meeting and also filed with the Securities and Exchange Commission on a current report on Form 8-K within 4 business days. Thank you for supporting CoreWeave. The 2026 annual meeting of stockholders of CoreWeave, Inc has now come to an end. Thank you very much for attending.
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