Welcome to the Encore Capital Group annual stockholder meeting. At this time, all participants are in a listen-only mode. I would like to now turn the call over to Michael Monaco, Chair of the Board of Encore. You may begin. Thank you, operator. Thank you for joining us today for the 2026 annual meeting of stockholders of Encore. My name is Michael Monaco, and I am the Chair of the Board of Encore. On the call today are the members of the Board of Directors, Ashish Masih, President, Chief Executive Officer, and also a member of the board. Tomas Hernanz, Executive Vice President and Chief Financial Officer. Andrew Asch, General Counsel and Corporate Secretary. Bruce Thomas, Vice President of Global Investor Relations. Sam Najewicz of our independent auditors, BDO USA, and Lou Larson of Broadridge, who will act as our Inspector of Elections. I'll begin by providing an overview of today's meeting. First, I'll call the meeting to order. Andrew Asch will go over certain procedural items. I will introduce the items up for vote. We will address any questions related to the items up for vote. The polls will be open for voting. After the polls are closed, Andrew Asch will report on the preliminary voting results. Following that, I'll adjourn the formal meeting. We will use the remaining time to take questions from stockholders. With that, I hereby call the meeting to order and ask Andrew to walk us through the formalities. Thank you, Mike. Links to the agenda and the rules of conduct for the meeting are available on the virtual meeting web portal. I ask everyone to review the rules of conduct and adhere to them. Please note that this meeting is being recorded. No one attending via webcast is permitted to use any recording or transcribing device. A certified list of stockholders entitled to vote at this meeting is available for inspection by stockholders on the web portal. Links to the company's annual report and proxy statement are also available on the web portal. Notice of today's meeting and related proxy materials or notice of internet availability of these materials were mailed beginning on or around April 29, 2026 to all stockholders of record as of April 14, 2026. I would like to note the remarks made today may contain forward-looking statements, which are based on management's current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the company's annual report and other reports on file with the SEC. We encourage you to review that information in conjunction with today's discussion. Stockholders may submit questions through our meeting portal at any time during the meeting. Similar or related questions may be grouped and answered together to avoid repetition, and only questions that are germane to the meeting and the business of the company will be addressed. To allow us to answer questions from as many stockholders as possible, we will limit each stockholder to two questions. You may vote the shares you hold through our meeting portal until the polls are closed. If you've already submitted your proxy to vote on these matters, you do not need to vote again unless you want to change your vote. Lou Larson of Broadridge has advised that holders of shares representing over 90% of the shares entitled to vote are present in person or represented by proxy, which constitutes a quorum. Back to you, Mike. Thank you, Andrew. I declare that a quorum is present. We will now consider the proposals that are up for stockholder vote, each of which is discussed in detail in the company's proxy statement. The polls are now open to vote on these proposals. The first proposal is the election of eight directors to the company's board of directors for a one-year term expiring at the annual meeting to be held in 2027. The board of directors has nominated William C. Goings, Ash Gupta, Jeff Hilzinger, Angela Knight, Laura Olle, Richard Stovsky, Ashish Masih, and myself, Michael Monaco, to serve as directors. No other nominations for directors have been received in accordance with the bylaws of the company. The second proposal is the approval in a non-binding vote of the compensation of the company's named executive officers. The third proposal is the ratification of the appointment of BDO USA as the company's independent public accountants for the fiscal year ending December 31, 2026. The fourth proposal is the approval of the amended and restated Encore Capital Group, Inc. 2017 Incentive Award Plan. The fifth proposal is the approval and adoption of an amendment to the amended and restated certificate of incorporation to provide for exculpation of officers. The sixth and final proposal is to recommend, in a non-binding advisory vote, the frequency of future advisory votes to approve the compensation of the company's named executive officers. We will now address any questions submitted by stockholders on the proposals. Andrew, have any pertinent questions been submitted? Mike, there are no pertinent questions on the proposals. If there are no questions on the proposals, we will close the polls momentarily. If you have not yet voted and wish to do so, please do so now. I now declare the polls closed, and all matters have been voted upon by stockholders. Andrew, will you please report the preliminary results? Based on the preliminary report by the Inspector of Elections, I hereby declare that the eight nominees for the election as directors as set forth in the proxy statement have been duly elected as directors for a one-year term. The compensation of the company's named executive officers has been approved in a non-binding vote. The appointment of BDO as the company's independent public accountants for the fiscal year ending December 31, 2026, has been duly ratified. The amended and restated Encore Capital Group, Inc. 2017 Incentive Award Plan has been approved. The amendment to the amended and restated certificate of incorporation to provide for exculpation of officers has been approved and adopted. On proposal six, the option of one year received the highest number of votes cast, and stockholders therefore recommended in a non-binding advisory vote that future advisory votes to approve the compensation of the company's named executive officers be held every year. The final voting results will be reported in a Form 8-K filed with the SEC. I now turn the meeting back over to you, Mike. Thank you, Andrew. As there is no other business to be addressed at the meeting, the formal meeting is now adjourned. Thank you for attending the 2026 Encore Capital Group Annual Stockholder Meeting. I'll now turn the meeting over to Bruce Thomas to lead the question and answer session. We'd now be happy to address any questions from stockholders submitted via the virtual meeting web portal. I will read the questions and have the appropriate members of management respond. There currently aren't any questions. I'll give it a moment