Morning. I'm Ross Dove, board member, President, and Chief Executive Officer of Heritage Global Inc. I'd like to welcome you to the company 2026 annual meeting of shareholders. We appreciate you being with us virtually today. It's now shortly after 9:00 A.M. Pacific Time on June 3, 2026. This meeting is now officially called to order. Let's move directly to the business of this meeting. I will serve as the Chairman of the meeting. Jim Sklar, who is our Executive Vice President, General Counsel, and Secretary of Heritage Global Inc, will serve as the Secretary of this meeting. In addition to Jim Sklar, we have in attendance today other members of our management team. Richard Brunson, our VP of finance, is sitting in today for CFO Brian Cobb, who is away on a long-planned vacation. David Ludwig, board member and President of Financial Division, is here. Nicholas Stouff, President of Industrial Assets Division. We also have in attendance the following independent members of our board of directors, our Chairman, Samuel Shimer, Kelly Sharpe, Michael Hexner, Barbara Sinsley, and Bill Burnham. In addition, we have in attendance from UHY LLP, the company's independent auditor, Michael Tretton. Representatives of UHY LLP are available for questions during the Q&A portion of this meeting. I would now like to ask Jim to turn to certain procedural formalities. Go ahead, Jim. Thank you, Ross. To ensure the orderly conduct of the business of this meeting, we've adopted the order of business to match the order of proposals set forth in our notice of annual meeting of shareholders and proxy statement. The rules of procedure for today's meeting are available on the meeting web portal. We ask that, in fairness to all shareholders attending this meeting, you honor these rules. The voting polls are open now and will close shortly after all proposals have been announced. You may vote your shares using the vote function of the meeting web portal if you have not already done so. If you have a question or comment that relates to a proposal being presented, please submit it through the meeting web portal by typing the question into the Ask a Question field as soon as possible and prior to the discussion of the proposals to permit the chairman time to discuss and address the question. Following the close of voting, we will announce results and adjourn the meeting. Our first action in the general order of business today will be to review the proposals to be considered. After voting on these proposals, we'll then receive a report containing the voting results. Let me introduce Wendy C. Shiba, who will serve as the Inspector of Election for today's meeting to determine the presence of a quorum and to serve as judge of voting on all matters requiring shareholder vote. Next, I note that I have a list of shareholders entitled to vote at this meeting and evidence that notice of this meeting was properly given to all shareholders of record as of the close of business on the record date, April 6th, 2026. This list has been available for inspection and will remain available during this meeting for inspection by the shareholders. With that, I turn it back over to Ross. Ross? Thank you, Jim. Ms. Shiba, has the Inspector of Election determined whether a quorum is present at this meeting? Yes, Mr. Chairman. I've determined that there are shareholders represented at this meeting, virtually present or by proxy, holding common stock and Series N preferred stock representing at least 68% of the eligible votes, which is sufficient for a quorum and for transacting the business of this meeting. Thank you. I find that a quorum is present for the purposes of conducting business at this meeting, and I declare that this meeting is legally convened and ready to transact business. All holders of the company's common stock and of the company's Series N preferred stock as of the close of business on April 6th, 2026 are entitled to vote at this meeting on all business to come before the meeting. The first item of business on our agenda today is the election of 2 Class II directors, each to serve a three-year term to expire at the annual meeting of shareholders in 2029. Michael Hexner and William Burnham are each nominated to serve as Class II directors. The secretary advises me that there is no nominations by shareholders submitted to the company prior to this meeting in accordance with the bylaws. Therefore, I declare the nominations closed. The second and final item on our agenda is the ratification of the appointment of UHY LLP as our independent auditor for the fiscal year ending December 31st, 2026. Any shareholder present 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 provided there. Shareholders who have already sent in proxies or previously voted and do not want to change their vote do not need to take any further action. I now announce the polls for this meeting closed. Will the Inspector of Election please support the preliminary results of this vote? Mr. Chairman, on the proposal for the election of the Class II directors, Michael Hexner and William Burnham each received the affirmative vote of a plurality of the votes cast. The proposal to ratify the appointment of UHY LLP as the company's independent auditor for 2026 received the affirmative vote of the majority of votes entitled to be cast by shareholders who are present in person or represented by proxy at this meeting and entitled to vote. Thank you. The chairman declares that each of the proposals on which we voted today has been duly approved. I hereby direct that the final report of the Inspector of Election be incorporated into the minutes of this meeting. The final results of the voting, including any votes cast during the meeting, will be reported in the current report on the Form 8-K to be filed with the Securities and Exchange Commission. The business for which this meeting has been held is now complete. We want to thank everyone who participated in today's virtual meeting and thank you for your continued interest in Heritage Global. I now declare this meeting formally adjourned. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.
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