Welcome to the annual meeting for L.B. Foster Company. Our host for today's call is Ray Betler, Chairman of the Board. I would now like to call over to your host. Mr. Betler, you may begin. Thank you very much. Good morning. This annual meeting of shareholders of L.B. Foster Company is now called to order. We have shareholders attending via the web portal, and at this time, validated shareholders may ask questions in a designated field on the web portal. Responses to shareholder questions will be posted on the company's website, www.lbfoster.com. I would like to introduce the nominees for election to the Board of Directors, John E. Kunz, David J. Meyer, Diane B. Owen, Bruce E. Thompson, and John F. Kasel, a Director and the company's President and Chief Executive Officer. All currently serving Directors are present in person. Patrick Guinee also is here in person, the Executive Vice President, General Counsel and Corporate Secretary of the company. Also here are the Ernst & Young representatives, our independent registered public accountant. I hereby appoint Mr. Tony Carideo, a representative of Broadridge Financial Solutions, to act as Inspector of Election. Mr. Carideo signed an inspector's oath and has presented it to the secretary of the meeting. I ask Mr. Guinee to serve as the secretary of this meeting and to report whether the recommendations for the holding of this meeting have been fulfilled. Mr. Guinee, could you please give your report? In compliance with the company's bylaws, the board of directors has called this annual meeting of shareholders and established March 19th, 2026, as a record date for determination of the shareholders entitled to notice of and to vote at this meeting. On or about April 10th, 2026, Broadridge Financial Solutions mailed or emailed to common shareholders of record either a notice of meeting, a proxy statement and proxy, and the company's annual report for the year ended December 31st, 2025, or notice of internet availability containing instructions on how to cast your vote and access the company's annual report, notice of meeting, proxy statement, and proxy, which had been previously posted on the internet. The affidavit of Broadridge Financial Solutions indicating that such mailings occurred is present at this meeting. An alphabetical list of the common shareholders showing the name, address, and number of shares held by each shareholder as of the record date is present at this meeting for reference and is available for inspection. As noted in the proxy statement, this list has been available at the company's executive offices for a period of 10 days prior to the meeting. I will now ask the Inspector of Elections to provide the total for the quorum. Mr. Carideo. Of the 10,458,591 shares of common stock of the company that were outstanding on the record date for this meeting, there are present in person or by proxies on file with the company, more than 8,813,179 votes or more than 84.26% of the shares of such stock. This constitutes a quorum for the transaction of business. Thank you very much, Mr. Carideo. Since the requirements for calling this meeting have been duly observed and a quorum exists, I hereby declare this meeting to be duly constituted for the transaction of business. The first matter to be presented at this meeting is the election of the six directors to serve until our next annual meeting of shareholders and until their successors shall be elected and qualified. The board of director nominees for directors of the company are Raymond T. Betler, John F. Kasel, John E. Kunz, David J. Meyer, Diane B. Owen, and Bruce E. Thompson. Are there any other nominees for the board of directors? There being no further nominations for the directors of the company are hereby closed. The second matter to be presented at this meeting is the ratification of the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for 2026. Mr. Guinee, would you please read the proposed resolution? Resolved that the appointment of Ernst & Young as the company's independent registered public accounting firm be, and it hereby is approved," Mr. Chairman. The third matter to be presented at this meeting is to approve the advisory vote, the compensation paid to the company's named executive officers. Are there any other motions? There being none, we shall proceed. If any shareholder would like to submit a question, please submit your question through the web portal. The voting on all matters submitted to this meeting shall be by ballot. The shares of those shareholders who have submitted a proxy will be voted by the proxy holders as directed. Any shareholder who has not yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. Shareholders who have sent in proxies or voted via telephone or internet and do not want to change their vote do not need to take any further action. All persons having voted, I declare the voting closed and request the Inspector of Elections to submit its report. I want to thank those of you who have shown your interest in the company by attending the meeting. I now have the report of the Inspector of Elections concerning the election of the directors. Each nominee received sufficient votes to be elected by a plurality of the votes cast. Accordingly, the board of directors' slate of nominees is elected. Concerning the ratification of Ernst & Young's appointment as independent registered public accounting firm, a majority of the votes cast were cast in favor of the ratification. Accordingly, the appointment of Ernst & Young has been approved. Concerning the advisory vote of the compensation paid to the company's named executive officers, a majority of the votes cast were cast to approve such compensation. Accordingly, the advisory vote to approve the executive compensation has been approved. Are there any other matters to be presented at this meeting? Any questions which may be submitted via the web portal will be answered and posted on the company's investor relations website under the governance tab. There being no further business to be presented, I entertain a motion to adjourn the meeting. I so move. I second the motion. Ladies and gentlemen, with that motion, the annual shareholders' meeting has been adjourned. Thank you very much for your participation. This now concludes the meeting. Thank you for joining, and have a pleasant day.
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