Good afternoon, ladies and gentlemen. I am Anesa Chaibi, Chief Executive Officer and a Director of Global Industrial Company. I will serve as Chairman of the 2026 Annual Meeting of Stockholders of Global Industrial Company, and I hereby officially call this meeting to order. As a preliminary matter, I would like to refer you to the rules of conduct and procedures for this meeting, which are posted on your web-hosted platform, and therefore, their reading will be waived. Our 2026 Annual Meeting will be a completely virtual meeting of stockholders, held exclusively by live audio webcast. Please note that only stockholders who have logged in using their 16-digit control number will be able to vote and ask questions at the meeting. Representatives of the company will plan to answer questions after describing the proposals to be voted on at this meeting. However, if you have any questions, I would encourage you to please submit them now so they will be in the queue. I would like to introduce you to our directors and officers who are present by phone today. Richard B. Leeds, Executive Chairman. Bruce Leeds, Vice Chairman. Robert Leeds, Vice Chairman. Our independent directors, Chad M. Lindbloom, Gary S. Michel, Paul S. Pearlman, and Robert D. Rosenthal. Mr. Rosenthal also serves as the Lead Independent Director of the company. From our management team, we are also joined by Thomas Clark, Senior Vice President and Chief Financial Officer, Thomas Axmacher, Vice President and Controller, Adina G. Storch, Senior Vice President, General Counsel, and Corporate Secretary, who will act as Secretary of the Meeting. Patricia Janecek of Ernst & Young LLP, the company's independent auditor, is also present and will be available to answer appropriate questions. As of the close of business on April 9th, 2026, the record date for this meeting, there were 38,261,099 shares of common stock outstanding and entitled to vote at this meeting. A certified list of stockholders entitled to vote at the annual meeting is available and may be inspected by any stockholder during the annual meeting by clicking the button entitled RSL on the bottom right side of your screen on the virtual meeting page. I have been provided with the affidavit of distribution establishing that the notice of the annual meeting was duly given to such stockholders. Global Industrial has appointed Peter Descovich to act as Inspector of Election for the annual meeting. Mr. Descovich has signed his oath of office, which will be filed with the records of the annual meeting. I have been informed that a quorum is present and accordingly, the meeting is duly convened for transaction of business. In order to allow stockholders to vote through the web portal at any time during this meeting, I now declare the polls open for voting. As previously noted, to vote or submit questions, please log in as a stockholder by entering the 16-digit control number you received with your proxy materials. If you have voted your shares prior to the start of the meeting, your vote has been received by the Inspector of Election, and there is no need to vote those shares again during the meeting unless you wish to revoke or change your vote. If you have not voted, or if you would like to change your vote, you may do so by clicking the voting button on the bottom right side of your screen. Each holder of common stock is entitled to one vote per share. As stated in the notice of meeting, there are four proposals to be voted on at today's meeting. The first proposal to be voted on at today's meeting is the election of eight of our current directors to serve for an additional term of one year and until their respective successors are duly elected and qualify. The nominees' qualifications are described in this year's proxy statement. Our eight director nominees are as follows, Richard B. Leeds, Bruce Leeds, Robert Leeds, Anesa T. Chaibi, Chad M. Lindbloom, Gary S. Michel, Paul S. Pearlman, Robert D. Rosenthal. The second proposal to be voted on at today's meeting is the ratification of the appointment of Ernst & Young LLP as the company's independent auditor for fiscal year 2026. The third proposal to be voted on at today's meeting is the advisory, non-binding vote of the compensation of the company's named executive officers. The fourth proposal to be voted on at today's meeting is the vote of the company's amended and restated 2018 Employee Stock Purchase Plan. At this time, I would like to open the meeting to stockholder questions. If you have submitted a question through the web portal that relates to items of business being voted on at the annual meeting, we will attempt to answer it now. We will attempt to answer as many questions as time allows, but only questions that relate to the items of business at the annual meeting. If you have any questions related to Global Industrial, but not specifically related to the items of business covered at the annual meeting, we encourage you to reach out to Global Industrial's Investor Relations Department at (212) 739-6729. It appears no questions have been submitted that relate to the items of business at the annual meeting. Any stockholder who has not yet voted may do so by clicking on the voting button on the web portal and following the instructions there. As a reminder, only stockholders who have entered their 16-digit control number will be able to vote on the web portal. Stockholders who have sent in proxies and do not want to change their vote do not need to take any further action. I will now briefly pause to allow stockholders to vote through the web portal if they wish to do so before closing the polls. Okay. The record will reflect that all shares for which proxies were returned to the company were voted in accordance with the instructions received. I now declare the polls closed. Results of the votes will be publicly released within a few days. There being no further business to come before this meeting, I hereby declare the meeting adjourned. Thank you all for your participation and interest in Global Industrial. This concludes today's meeting. Thank you for attending. You may now disconnect and have a wonderful rest of your day.
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