Welcome to the Corvex, Inc. 2026 Annual Meeting of Stockholders. Our host for today's call is Jay Crystal, Corvex's Chief Executive Officer. At this time, all participants will be in a listen-only mode. I would now like to turn the call over to your host. Mr. Crystal, you may begin. Thank you. Good afternoon, and welcome to the reconvened annual meeting of the stockholders of Corvex, Inc. I'm Jay Crystal, the company's Chief Executive Officer, and I now call this meeting to order following its adjournment on June 26th, 2026. Chance Moreland, our Chief Financial Officer, will act as voting inspector and secretary for today's meeting. We're pleased to hold our annual meeting virtually to allow for greater access and participation. Stockholders may submit questions at any time during this meeting in a space provided on the virtual meeting screen and may vote any time until polls are closed. The Board of Directors set April 28th, 2026, as the record date for this stockholders meeting. The notice of meeting and proxy materials were mailed by Broadridge Financial Solutions beginning on June 5th, 2026. In order to determine whether a quorum is present for the purpose of transacting business, does the voting inspector have a preliminary report of the capital stock represented at the meeting? A partial count of the shares of common stock and preferred stock represented at the meeting in person or by proxy shows that the holders of more than one-third of the outstanding shares of capital stock entitled to vote at the meeting are represented. Thanks, Chance. In view of the report of the voting inspector, I declare a quorum present and the meeting ready for the transaction of business. As set forth in the notice of meeting and the proxy materials, this meeting has been called for the purpose of considering and acting upon the following matters: the election of two nominees to the Board of Directors to serve for three-year terms as Class II directors and one nominee to the Board to serve for a one-year term as a Class III director. The approval, for purposes of complying with NASDAQ Listing Rule 5635(a) and Rule 5635(b), of the issuance of more than 20% of our issued and outstanding common stock in connection with the conversion of our outstanding shares of Series C preferred stock and Series D preferred stock. The approval for purposes of complying with NASDAQ Listing Rule 5635(a) and Rule 5635(b) of the issuance of more than 20% of our issued and outstanding common stock in connection with the vesting of Restricted Stock Units and the exercise of options issued by Corvex prior to the merger pursuant to the merger agreement. Ratification of the appointment of BDO USA, P.C. as our Independent Registered Public Accounting Firm for 2026, the approval of the Corvex, Inc. 2026 equity incentive plan and the awards described in the new plan benefits table, the issuance of which are subject to the approval of the 2026 plan. The approval of the Corvex, Inc. 2026 Employee Stock Purchase Plan. The approval of the adjournment of the annual meeting if determined to be necessary or appropriate. Each item of business on the agenda will be presented for discussion. I declare the polls for voting to be open as of 3:03 P.M. Eastern. All stockholders entitled to vote at this meeting may do so online. If you're a stockholder entitled to vote at this meeting and have not yet voted, or if you want to change your previously cast vote, please do so via the website used to access this meeting. Please remember that if you have already voted by proxy, it is not necessary to vote again. All shares represented by proxy will be voted as specified in the form of the proxy. Shares represented by the proxy where no vote is specified will be voted in accordance with the recommendations of the Board of Directors. I will now present the seven proposals on today's agenda. If you have questions regarding any of the proposals, please submit them during this time by following the instructions on the webcast. The first item of business is the approval of the election of two nominees to the Board of Directors to serve for three-year terms as Class II directors and one nominee to the Board to serve for a one-year term as a Class III director, until their respective successors are duly elected and qualified, or until the earlier of their death, resignation, or removal. The Board of Directors has nominated the following persons to serve as Class II directors, Jay Crystal, Patrick Fleury. The Board of directors has nominated Nicholas Donofrio to serve as Class III director. The Board of Directors recommends a vote for this proposal. The second matter being submitted to the stockholders for action is the approval for the purpose of complying with NASDAQ Listing Rule 5635(a) and 5635(b) of the issuance of more than 20% of our issued and outstanding common stock in connection with the conversion of shares of Series C preferred stock and Series D preferred stock pursuant to the merger agreement. The Board of Directors recommends a vote for this proposal. The third matter being submitted to stockholders for action is the approval for the purpose of complying with NASDAQ Listing Rule 5635(a) and 5635(b) of the issuance of more than 20% of our issued and outstanding common stock in connection with the vesting of RSUs and the exercise of options issued and outstanding prior to the merger pursuant to the merger agreement. The Board of Directors recommends a vote for this proposal. The fourth matter being submitted to the stockholders for action is the approval of the ratification of the appointment of BDO USA, P.C. as our Independent Registered Public Accounting Firm for the fiscal year ending December 31, 2026. The Board of Directors recommends a vote for this proposal. The fifth matter being submitted to stockholders for action is the approval of the 2026 Plan proposal to approve the 2026 Plan and the awards described in the new plan benefits table, the issuance of which are subject to the approval of the 2026 Plan. The Board of Directors recommends a vote for this proposal. The sixth matter being submitted to stockholders for action is the approval of the employee stock purchase plan. The Board of Directors recommends a vote for this proposal. The final matter being submitted to the stockholders for action is the approval of the adjournment of the annual meeting to a later date or dates if determined to be necessary or appropriate by the Chairman of the annual meeting, including, without limitation, to solicit additional proxies to approve the proposals before the annual meeting, if there are insufficient votes to adopt such proposals at the time of the annual meeting or to establish a quorum. The Board of Directors recommends a vote for this proposal. There are no additional matters on the agenda to be voted upon. We will now briefly pause to allow any final questions regarding the proposals to be submitted. We will now respond to any questions related to the proposals that have been submitted. Chance, please review the questions. There are no questions for review at this time. We will also have time for more general Q&A following the meeting. This completes the presentation of proposals to be voted upon at this meeting. Before closing the polls, we'll now pause for 60 seconds to allow stockholders the final opportunity to vote. Any votes cast today will be counted in the final tally, along with the proxies previously received. Since everyone has now had the opportunity to vote, I declare the polls closed for the matters voted upon at this meeting as of 3:09 P.M. Eastern Standard Time. I now call on the secretary to report the preliminary results of voting. We have reviewed the preliminary results of the voting. Based on my report as voting inspector, the stockholders have approved the nomination of Jay Crystal and Patrick Fleury as Class II directors and Nicholas Donofrio as a Class III director. The stockholders have approved the ratification of BDO USA, P.C. as our Independent Registered Public Accounting Firm for the fiscal year ending December 31st, 2026. The stockholders have approved the conversion proposal, the option proposal, the 2026 plan proposal, and the ESPP proposal. The stockholders have approved the adjournment of the annual meeting to a later date or dates, if determined to be necessary or appropriate by the chairman of the annual meeting. Thanks, Chance. The formal business of the meeting has now been completed. The meeting is now adjourned. I hereby declare that the proposals have each been approved. Because the proposals were preliminarily approved, it is unnecessary to adjourn this meeting for the purpose of soliciting additional proxies. I now invite you to ask any questions you may have regarding the company and its business. Please follow the instructions provided on the virtual meeting screen to submit questions. We'll now pause for 60 seconds to allow stockholders to submit questions.
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