Good morning. My name is Garry Capers, and I am the Chairman of the Board of OneSpan. It is my pleasure to welcome you to OneSpan's 2026 Annual Meeting of Stockholders. This meeting is being held to consider each of the proposals set out in the notice and proxy materials that were mailed to OneSpan's stockholders. Copies of the meeting materials are available on the OneSpan virtual stockholders meeting website, www.virtualshareholdermeeting.com/ospn2026, for anyone who would like to review. Stockholders may submit questions via the meeting website. Questions can be submitted until the proceedings for today are adjourned. Following the end of the formal section of our meeting today, we will respond to questions posed by the stockholders if there are any. Before turning to the formal business of the meeting, I would like to introduce our directors and executive officers in attendance this morning. Our other directors attending today are Marc Boroditsky, Sarika Garg, Marianne Johnson, Michael McConnell, Al Nietzel, Marc Zenner. I would also like to introduce the executive officers attending today's meeting. Victor Limongelli, Chief Executive Officer. Jorge Martell, Chief Financial Officer. Lara Mataac, General Counsel and Corporate Secretary. Today, our auditors, KPMG LLP, are represented by Shane Foley and David Kaplan. Also here today is Anne St. Martin of CT Hagberg LLC. Anne will be acting as the Inspector of Election for today's meeting. Lara Mataac, General Counsel and Corporate Secretary, will take the minutes of this meeting. As mentioned earlier, following the formal portion of the meeting, we will respond to any submitted questions. I now call the meeting to order. I'd like to turn the meeting over to Ms. Mataac to go over the voting mechanics for today's meeting. Thank you, Garry. I have proof by affidavit that notice of this meeting was mailed on or about April 23, 2026, to all stockholders of record at the close of business on April 8, 2026, which is the record date for today's meeting. The Inspector of Election has advised me that we have present by proxy a sufficient number of shares to constitute a quorum. Therefore, this meeting is duly constituted. I will now turn to the voting mechanics for today's meeting. We will vote by electronic ballot today. If you have previously returned a proxy card or voted electronically and do not intend to change your vote, then you do not need to take any action at this meeting. For those of you who did not return a proxy card or vote electronically, or who have already voted but wish to change your vote, ballots are available in the portal we are using today. Please look for the Stockholder Ballot link under the Meeting links section on the webcast screen. If you have submitted a proxy and do not intend to change your vote, then you do not need to vote again because we will count your proxy. You may click on the Stockholder Ballot link to access the electronic ballot. Electronic ballots must be submitted prior to the closing of the polls. The polls are now open, and we are now going to vote on Proposals 1, 2 3, 4, and 5. Proposal 1 is the election of all seven directors. The nominees are Marc Boroditsky, Garry Capers, Sarika Garg, Marianne Johnson, Michael McConnell, Al Nietzel, and Marc Zenner. All nominees are currently directors. Proposal 2 is a non-binding advisory vote on the compensation of the company's named executive officers. Proposal 3 is a non-binding advisory vote on the frequency of future advisory votes on the company's named executive officer compensation. Proposal 4 is the approval of an amendment to our 2019 Amended and Restated Omnibus Incentive Plan to increase available shares under that plan by 2 million shares. We refer to this proposal as the stock plan amendment. Proposal 5 is the ratification of KPMG LLP as the independent registered public accounting firm for the company for the fiscal year ending December 31, 2026. The board of directors has recommended voting for each director nominee, for Proposal 2, for frequency of future advisory votes of one year under Proposal 3, and for Proposals 4 and 5. May I have a motion to vote with respect to each of Proposals 1 through 5? So moved. The motion has been made to vote. Votes previously submitted by proxy will be voted in accordance with the instructions provided. Those of you who have registered and who are voting today, please submit your electronic ballots to indicate your votes on Proposals 1, 2, 3, 4, and 5. With the conclusion of the voting, polls are now closed. We will report the results of the voting on a Form 8-K within four business days of today. At this time, I invite Anne St. Martin, our Inspector of Election, to report on the preliminary results of the voting. You can go ahead, Anne. Thank you. The preliminary results of the stockholder votes are as follows. Proposal 1, election of directors. Approximately 22 million shares were voted in favor of Marc Boroditsky. Approximately 25 million shares were voted in favor of Garry Capers. Approximately 25 million shares were voted in favor of Sarika Garg. Approximately 20 million shares were voted in favor of Marianne Johnson. Approximately 21 million shares were voted in favor of Michael McConnell. Approximately 23 million shares were voted in favor of Alfred Nietzel. Approximately 25 million shares were voted in favor of Marc Zenner. Proposal 2, a non-binding advisory vote on the compensation of the company's named executive officers. Approximately 23 million shares, constituting approximately 90% of the shares voting at today's meeting, were voted in favor of Proposal 2. Proposal 3, a non-binding advisory vote on the frequency of future advisory votes on the company's named executive officer compensation. Approximately 25 million shares, constituting approximately 94% of the vote of the shares voting at today's meeting, were voted in favor of a frequency of one year. Proposal 4, approval of the stock plan amendment. Approximately 22 million shares, constituting approximately 86% of the shares voting at today's meeting, were voted in favor of Proposal 4. Proposal 5, ratification of the appointment of KPMG LLP. Approximately 28 million shares, constituting approximately 90% of the shares voting at today's meeting, were voted in favor of Proposal 5. Thank you, Anne. We will now report the results. Based on the preliminary votes, each of the seven nominees for election to our board of directors has been reelected. The non-binding advisory vote on executive compensation received a majority of the votes cast. For the non-binding advisory vote on the frequency of future votes on the executive compensation, a one-year frequency received a majority of the votes cast. The stock plan amendment has been approved. KPMG has been ratified as our independent registered public accountant for the year ending December 31, 2026. We will tally the final vote and report the outcome through a Form 8-K filing within four business days of today's meeting. There being no further business before us today, may I have a motion to adjourn the meeting? I move to adjourn. A motion to adjourn has been made. I declare the meeting adjourned. Since we have not received any questions, I would just like to thank you for your attendance today. This now concludes the meeting. Thank you for joining, and have a pleasant day.
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