Good morning. My name is Michael McNally. I am Chairman of the Board and a Director of Granite Construction Incorporated. Welcome to Granite's 2026 Annual Shareholders Meeting. I now call the meeting to order. We're hosting a virtual meeting this year to allow us to reach a greater number of shareholders. Today's meeting will include a report of the Secretary, address the three proposals on the ballot, and present the election results. Mr. Craig Hall has been appointed Secretary of this meeting to present the proposals to be voted on and record the minutes. The Inspector of Elections, Mr. Andrew M. Wilcox, representing Broadridge Financial Solutions, will determine the number of shares present at the meeting. Also present today are the members of the Board of Directors of the company, Mr. Louis E. Caldera, Ms. Molly C. Campbell, Mr. Carlos M. Hernandez, Mr. Alan P. Krusi, Mr. Kyle T. Larkin, Ms. Celeste B. Mastin, Ms. Laura M. Mullen, and Mr. J. Timothy Romer. Ms. Shelley Potter of PricewaterhouseCoopers LLP, Granite's independent registered public accounting firm, is also with us today. I will now call upon Mr. Hall, Secretary of the meeting, for his report. Thank you, Mr. Chairman. A notice of meeting or a notice regarding the availability of proxy materials was mailed to shareholders beginning on April 23rd, 2026, and is available on Granite's website. Only holders of common stock at the close of business on April 10th, 2026, the record date, or their proxies, are entitled to vote at this meeting. After the presentation of each proposal, we will provide time for questions related to that proposal. Only validated shareholders or their proxies may ask questions in the designated field on the web portal. Out of consideration for others, shareholders may only ask one question per shareholder. No one attending is permitted to use any recording device. I'm advised by the Inspector of Elections, Mr. Wilcox, that holders of 39,613,581 shares, or 90.55% of the stock eligible to vote, are present at the meeting or by proxies filed at or before the meeting. Therefore, more than a majority of the outstanding common stock is present or represented here today, and a quorum is present. The meeting is authorized to transact business. It is now 10:32 A.M., June 4th, 2026, and the polls are now open. Any stockholder other than a 401(k) participant who hasn't 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. Stockholders 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. We will tally the ballots after all of the proposals have been presented. At this time, I will turn to the business items in the agenda to be voted on today. The first order of business is the election of three Directors for a term set to expire at the 2029 annual meeting. The Nominating and Corporate Governance Committee, in accordance with its charter, has recommended to the Board of Directors, and the Board of Directors has nominated Mr. Carlos M. Hernandez, Mr. Kyle T. Larkin, and Ms. Celeste B. Mastin to be Directors of the company to serve for a term set to expire at the 2029 annual meeting or until their successors are duly elected and qualified or until their resignation, retirement, death, or removal. Since there have been no further nominations as provided for in Article III, Section 12 of the bylaws, nominations are now closed. If you have not voted yet or wish to change your vote, you may do so now by clicking on the voting button on the web portal and following the instructions there. I will announce the results of the voting after the ballots are tallied. If you have a question or comment specifically relating to the election of Directors or the nominees and have not already submitted your question, please do so now. Please begin any question with a reference to the proposal to which it relates. If there are no questions or comments, we will now move to the next proposal. The next item of business is to consider the proposal to approve, on an advisory basis, the compensation of the named executive officers. Information regarding the compensation of the named executive officers and the proposal is described on page 20 of our proxy statement. If you have not yet voted or wish to change your vote, you may do so now by clicking on the voting button on the web portal and following the instructions there. If you have a question or comment specifically relating to this proposal and have not already submitted your question, please do so now. Please begin any question with a reference to the proposal to which it relates. If there are no questions or comments, we will now move to the next proposal. The next item of business is to ratify the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. If you have not yet voted or wish to change your vote, you may do so now by clicking on the voting button on the web portal and following the instructions there. If you have a question or comment specifically relating to this proposal and have not already submitted your question, please do so now. Please begin any question with a reference to the proposal to which it relates. A representative of PwC is present today and will be able to answer appropriate questions. If there are no questions or comments, I will ask that the Inspector of Elections now tally the ballots. It is now 10:36 A.M., June 4th, 2026, and the polls are now closed for all items of business. Mr. Secretary, can you please present the preliminary results of the meeting? Mr. Chairman, we have been informed by the Inspector of Election that based on the preliminary report, Mr. Hernandez, Mr. Larkin, and Ms. Mastin have received the required votes to be elected as Directors of the company and until their successors are elected or until their retirement, death, disability occurs. Based on the preliminary report, the majority of votes cast voted for the approval of the compensation of the named executive officers as disclosed in the proxy statement. Based on the preliminary report, the majority of votes cast voted for the ratification and appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm. Mr. Chairman, that concludes the report of preliminary voting results. The final results will be available for all shareholders in a Form 8-K, which will be filed with the SEC no later than June 10, 2026. I will now turn the meeting back over to Mr. McNally. Thank you, Mr. Hall. That concludes our annual meeting, which is adjourned. This concludes the meeting. You may now disconnect.
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