Good morning, everyone, and welcome to the 2026 Annual Meeting of Stockholders of Identiv, Inc. My name is Kirsten Newquist, and I am the Chief Executive Officer of Identiv, Inc. I will act as chairperson of this annual meeting of stockholders. At this time, I would like to call the meeting to order. We are excited to be hosting our virtual meeting, which allows us to be more inclusive and reach a greater number of our stockholders. This meeting is being held pursuant to the notice of annual meeting mailed to all stockholders of the company on or about August 7, 2026. Joining us virtually are directors James Ousley, Chairman of the Board of Directors, Rick Kuntz, and Mick Lopez. Also joining us today are Ed Kirnbauer, our Chief Financial Officer, Sophie Pearson, our Director of Investor Relations, David Aiello of BPM LLP, our independent registered public accounting firm, and Stan Pierson of Pillsbury Winthrop Shaw Pittman LLP, our corporate counsel. Mr. Kirnbauer, our Chief Financial Officer, will act as Secretary of the meeting and has been appointed and previously sworn in as Inspector of Elections for the meeting. I will ask Mr. Kirnbauer, Inspector of Elections, for his report on the shares present at this meeting. A list of stockholders representing 24,193,127 shares of the company's common stock and 5 million shares of Series B preferred stock outstanding as of the close of business on July 27, 2026, the record date of this meeting, will be incorporated into the minutes of this meeting. Only holders of record of common stock and Series B preferred stock as of the record date are entitled to vote at this meeting. The Series B preferred stock is entitled to vote on Proposal One on an as-converted basis together with the common stock. We have received the affidavit of mailing of the notice of annual meeting, which will be filed with the minutes of the annual meeting. Based on the tabulation of proxies already received from stockholders, more than one-third of all outstanding shares entitled to vote at the annual meeting are represented in person or by proxy at this annual meeting. As a result, a quorum is present, and the meeting is authorized to conduct business. At this time, we will consider the items of business on the agenda. There will be an opportunity for stockholders to ask questions following the conclusion of the formal business of the meeting. The proposals to be considered at today's meeting, which are further described in the definitive proxy statement dated August 7th, 2026, will be, number one, to approve the sale of our specialty Internet of Things business to Trackonomy Systems, Inc., a Delaware corporation, through the sale of substantially all of our operating assets, including all outstanding shares of Identiv (Thailand) Co., Ltd., our wholly owned subsidiary, and $25 million in cash, subject to adjustment, in exchange for 50 million of shares of Series C preferred stock of buyer at a value of $20.07 per share and the assumption of certain liabilities related to the IoT business pursuant to that certain stock and asset purchase agreement dated as of June 24th, 2026, by and between the company and the buyer. The affirmative vote of the holders of a majority of the outstanding shares of common stock and Series B preferred stock, voting together as a single class, the Series B preferred stock voting on an as-converted basis, present in person or by proxy and entitled to vote, is required to approve this proposal. Number two, to approve certain compensation that may be paid or become payable to our named executive officers that is based on or otherwise relates to the asset sale on a non-binding advisory basis. The affirmative vote of the holders of a majority of the votes cast on the proposal in person or by proxy is required to approve this proposal. Number three, to elect five director nominees to serve for a one-year term expiring at the annual meeting of stockholders in 2027 to hold office until their respective successors have been elected and qualified or upon their earlier death, resignation, or removal. The nominees are, one, Laura Angelini, two, Dr. Richard E. Kuntz, MD, three, Miguel A. Lopez, four, Kirsten F. Newquist, five, James E. Ousley. The five nominees receiving the highest number of votes will be elected as directors. Number four, to approve the issuance of more than 19.99% of our shares of common stock issuable upon the conversion of our Series B preferred stock for purposes of complying with Nasdaq listing rules 5635 (b) and (d). The affirmative vote of the holders of a majority of the votes cast on the proposal in person or by proxy is required to approve this proposal. Number five, to approve the compensation of our named executive officers on a non-binding advisory basis. The affirmative vote of the holders of a majority of the votes cast on the proposal, in person or by proxy, is required to approve this proposal. Number six, to ratify the appointment of BPM LLP, an independent registered public accounting firm, as our independent registered public accounting firm for the fiscal year ending December 31st, 2026. The affirmative vote of the holders of a majority of the votes cast on the proposal, in person or by proxy, is required to approve this proposal. Number seven, to approve the adjournment of the annual meeting to a later date, if necessary or appropriate, to allow for the solicitation of additional proxies in the event that there are insufficient votes at the time of the annual meeting to approve the asset sale proposal. The affirmative vote of the holders of a majority of the votes cast on the proposal, in person or by proxy, is required to approve this proposal. Each of these proposals is described in detail in the proxy statement. It is 11:08 A.M. Pacific Time, and the polls are now open. Any stockholder who hasn't yet voted or wishes to change their vote may do so by clicking on the voting button in 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. It is 11:09 A.M. Pacific Time. Now that everyone has had the opportunity to vote, I now declare the polls for the 2026 annual meeting of stockholders closed. Before I get into the reporting on the results of the meeting, I want to go back and clarify a quorum of 50%, and that the quorum is present in person or by proxy for this meeting. With that said, I'm pleased to report the results of the meeting. Our final report filed with the SEC will contain the results for each of the proposals, including the votes, if any, of stockholders present and voting in person at the meeting. Number one, the proposal to approve the sale of our specialty Internet of Things business to Trackonomy, the asset sale proposal, has been approved. Number two, the proposal to approve certain compensation that may be paid or become payable to our named executive officers that is based on or otherwise relates to the asset sale on a non-binding advisory basis has been approved. Number three, the nominated directors have each been elected to hold office until the next annual meeting or until their successors are duly elected and qualified. Number four, the proposal to approve the issuance of more than 19.99% of our shares of common stock issuable upon the conversion of our Series B preferred stock for purposes of complying with Nasdaq listing rules 5635 B and D has been approved. Number five, the proposal to approve the compensation of our named executive officers on a non-binding advisory basis has been approved. Number six, the proposal to ratify the appointment of BPM LLP as our independent registered public accounting firm for the fiscal year ending December 31st, 2026, has been approved. Number seven, the proposal to approve the adjournment of the annual meeting to a later date, if necessary or appropriate, to allow for the solicitation of additional proxies in the event that there are insufficient votes at the time of the annual meeting to approve the asset sale proposal has been approved. However, there will be no need to adjourn the annual meeting to a later date. This concludes the formal agenda of the 2026 annual meeting of stockholders of Identiv, Inc. I would like to thank you for your continued support of Identiv. The meeting is adjourned. Thank you for your attendance. At this point, we will take stockholder questions that have been entered today on the web portal and that comply with our rules of conduct and procedures, time permitting. Sophie, are there any such questions at this time? We have received no questions that comply with our rules of conduct and procedures. I will now pass the call back to Kirsten to end the meeting. Once again, thank you for attending the 2026 annual meeting. Have a good day. This now concludes the meeting. Thank you for joining, and have a pleasant day.
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