Good morning. Welcome to the 2026 annual meeting of stockholders of Laird Superfood. I'm Anya Hamill, Chief Financial Officer of the company, and I will act as Secretary of this meeting. It is my pleasure to welcome you here today and to introduce Grant LaMontagne, our Chairman of the Board. Thank you, Anya. Welcome everyone. I will act as Chairman of this meeting. Thank you for joining us today. If you submit questions in writing that abide by the rules of conduct for the annual meeting, which are available on the meeting webpage, either through the chat function on the meeting platform or on our investor relations website, we will do our best to provide answers following this meeting. It is now 10:00 AM, Mountain Daylight Time on June 25th, 2026. This meeting is officially called to order. I'd like now to introduce the other members of the Board present today. The Board has changed meaningfully in the past year. I'm pleased to introduce the directors and director nominees joining us today. Jason Vieth. Jason has served as one of our directors since January 2022. He is our President and Chief Executive Officer of the company. Greg Graves has served as one of our directors since 2018 and chairs our Audit Committee. Maile Naylor has served as one of our directors since 2020. Laird Hamilton, our Co-Founder of the company and has served as a director since 2015, also serves as our Chief Innovator. Michael Cohen joined our Board in 2026 as a designee of Nexus Capital Management. Mr. Cohen is a Co-Founder and Managing Partner of Nexus. Kayla Dean Obia joined the Board in 2026 as a designee of Nexus and chairs our Compensation Committee and our Nominating and Corporate Governance Committee. Finally, Kristin Patrick joined our Board in 2026 as a designee of Nexus. I have served as a director here since December 2021 and was appointed Chairman of the Board effective March 2026. On behalf of the entire Board, I would like to recognize Geoffrey Barker and Patrick Gaston, who concluded their service on the Board during the past year, to thank them for their many contributions to the company. I would like to now turn things back over to Anya. Thank you, Grant. We have posted an agenda and rules of conduct for this annual meeting on the virtual meeting platform. It is our intention to conduct this meeting in accordance with this agenda and the rules of conduct. Thank you for your cooperation with the agenda and the rules. We also joined here today by Stuart McMullen and Laura Collins of KPMG LLP, our independent registered public accounting firm. Additionally, the company has appointed The Cardea Group to act as Inspector of Election of this meeting, and it has been instructed to receive, examine, and tabulate the ballots and proxies and to report on the voting by ballot. A representative of The Cardea Group is with us today and has taken the oath of inspector of election. The board of directors fixed May 18th, 2026, as the record date for determining stockholders entitled to vote at this meeting. An affidavit has been delivered attesting to the fact that the notice of the meeting, the proxy statement, and the 2025 annual report to stockholders were made available on or about May 22nd 2026, to all stockholders of record as of the record date and will be incorporated into the minutes of this meeting. The stockholder list shows that as of the record date, there were 11,004,348 shares of common stock outstanding and entitled to vote at this meeting. In addition, the holders of our outstanding Series A convertible preferred stock are entitled to vote together with the holders of common stock as a single class on a converted basis, representing 30,812,324 shares of common stock as of the record date. We were informed by the Inspector of Election that there are 38,535,589 shares represented in person or by proxy at this meeting, representing 38,535,589 votes or approximately 92.9% of the voting power. Since this represents more than a majority of the voting power of all issued and outstanding stock entitled to vote as of the record date, a quorum is present for purposes of transacting business in this meeting. Now, I will present the matters to be voted upon. Please note that the stockholders may comment on the proposals themselves after all proposals have been presented. Proposal 1 is to elect the eight director nominees named in the proxy statement, each to serve a one-year term or until their successors are duly elected and qualified. The director nominees are as follows: Michael Cohen, Greg Graves, Laird Hamilton, Grant LaMontagne, Maile Naylor, Kayla Dean Obia, Kristin Patrick, and Jason Vieth. Information with respect to each of the nominees is set forth in the proxy materials furnished to stockholders. Proposal 2 is to ratify the appointment of KPMG LLP as the company's independent registered public accounting firm for the year ending December 31st 2026. Proposal 3 is to approve, on a non-binding advisory basis, the compensation of the company's named executive officers, commonly referred to as a say on pay vote. You can read more about the compensation of these individuals and the company's compensation programs in our proxy statement. Proposal 4 is to recommend, on a non-binding advisory basis, the frequency of future advisory votes on the compensation of the company's named executive officers, the say on frequency vote. Proposal 5 is to approve a second amendment to our 2020 Omnibus Incentive Plan to increase the number of shares of common stock authorized for issuance under the plan and to extend the term of the plan. The board of directors has recommended that you vote for each of the director nominees in Proposal 1, for Proposals 2, 3, and 5, and on Proposal 4 for a frequency of one year. If any stockholder would like to make a comment regarding any of the proposals, please submit your comments through the web portal. It is now 10:07 AM Mountain Time on June 25th, 2026, 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 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. Now that everyone has had the opportunity to vote, I now declare the polls for the 2026 Annual Meeting of Stockholders closed as of 10:08 AM, Mountain Time. The ballots have been tabulated, I will now report on the preliminary results of the voting. Each of the eight directors' nominees set forth in Proposal 1 has received the majority of votes cast in the meeting. I hereby declare that each of the director nominees in Proposal 1 has been duly elected to serve a one-year term. More than a majority of the votes cast at the meeting have been voted to ratify the appointment of KPMG LLP as our independent registered public accounting firm for the year ending December 31st, 2026. I hereby declare that Proposal 2 has been approved. More than a majority of the votes cast at the meeting have been voted to approve, on an advisory basis, the compensation of the company's named executive officers. I hereby declare that Proposal 3, the say on pay proposal, has been approved on an advisory basis. With respect to Proposal 4, a frequency of one year received the greatest number of votes cast. I hereby declare that on an advisory basis, stockholders have recommended a frequency of one year for future advisory votes on the compensation of the company's named executive officers. More than a majority of the votes cast at the meeting have been voted to approve the second amendment to our 2020 Omnibus Incentive Plan. I hereby declare that Proposal 5 has been approved. We will be reporting the final vote results in Form 8-K to be filed within four business days of today's date. Thank you, Anya. There being no further business to come before this meeting, the 2026 annual meeting of stockholders of the company is now adjourned. If you have questions, please submit them to the company on its investor relations website. Thank you for joining us, and have a great day. The meeting has now concluded. Thank you for your participation. You may now disconnect.
Loading workspace