Welcome to the annual meeting of shareholders for PJT Partners Inc., which will be led by Paul J. Taubman, Chairman and CEO of PJT Partners Inc. Please go ahead. Good morning, fellow shareholders. The PJT Partners 2026 annual meeting of shareholders is now called to order. I'm Paul Taubman, Chairman and Chief Executive Officer of PJT Partners. On behalf of our company, I would like to welcome you and thank you for attending today's meeting. Joining us today are the members of our Board of Directors, Don Cornwell, James Costos, Peter Currie, Emily Rafferty, Tom Ryan, Grace Skaugen, and Ken Whitney. Ji-Yeun Lee, our Managing Partner, Helen Meates, our Chief Financial Officer, David Travin, our General Counsel, Paige Costigan, our Chief Operating Officer, Steven Murray, our Chief Human Resources Officer, Sharon Pearson, our Head of Investor Relations, David Gillis, our Corporate Secretary, who will act as secretary of this meeting, Robert Johnson, who will act as inspector of elections for this meeting, and Brian Finnegan, a representative from Deloitte & Touche, our independent auditor. I would now like to ask our Corporate Secretary to conduct the formal part of the meeting. Thank you, Paul, and thank you to our shareholders for joining us today. We will conduct the business portion of the meeting first and answer questions at the end of the meeting. Shareholders who would like to ask a question will need their 16-digit control number, the same control number that was required to attend this virtual meeting. To ask questions, please follow the directions on the virtual meeting website and in the rules of conduct posted on the meeting website and enter your questions in the designated field on the meeting website. We will now turn to the business of the meeting. Notice of this meeting was mailed commencing on April 29th, 2026, to all shareholders of the company as of April 20th, 2026, the record date for the voting of shares at this meeting. An affidavit of mailing from Broadridge confirms such mailing. The notice of meeting and the affidavit of mailing are available for inspection by the company's shareholders. A certified list of the shareholders of record of the company as of the record date is also available for inspection by the shareholders. The Inspector of Elections has informed me that a majority in voting power of the Class A and Class B common shareholders is present at this meeting, either in person or by proxy, and we recognize a quorum for the transaction of business. Please note that if we experience technical issues such as a loss of audio or webcast connection, we ask that shareholders and guests stand by and allow us time to try to resolve the issue and resume the meeting or otherwise provide an update relating to the meeting. If a technical disruption occurs that prevents us from continuing the meeting, the polls will be closed immediately and votes received prior to the time the polls were closed will be counted. The meeting will not be reconvened, and the vote results will be announced publicly. Turning now to the items of business for this morning's meeting. We are here today to consider three proposals. The election of three Class 2 directors to the company's board of directors, the approval on an advisory basis of the compensation of our named executive officers, and the ratification of the appointment of Deloitte & Touche as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. The election of the three members to the company's board of directors requires the affirmative plurality of the votes cast at this meeting. Proposals two and three require the affirmative majority of the votes cast at this meeting. The polls are now open. Any shareholder who hasn't yet voted or wishes to change their vote may do so by clicking on the voting button on the meeting website and following the instructions there. Shareholders who have sent in proxies or voted via the internet or telephone and do not wish to change their vote do not need to take any further action. I will now pause for a moment for those who wish to vote at this meeting. As everyone present who desires to vote has done so, we hereby declare the polls closed. The Inspector of Elections has given me the preliminary results of the voting. Based on the results of the vote, the three Class 2 director nominees have been elected to the board of directors of the company. The compensation paid to our named executive officers has been approved on an advisory basis by the company shareholders. The appointment of Deloitte & Touche to serve as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026, has been ratified by the company's shareholders. That concludes the formal business of the meeting. The meeting is adjourned. We now have a presentation that will be followed by a question and answer period. Please remember, we will not answer any questions related to pending or possible litigation, matters unrelated to the business of the company, or items outside the scope of today's meeting agenda. If you wish to receive information regarding those matters, you may make a request to our investor relations group by phone at 212-364-7810 or by emailing investorrelations@pjtpartners.com. Our remarks today may contain forward-looking statements. Please refer to our annual report on Form 10-K filed with the SEC for our disclaimer regarding such statements. With that, I'll turn it back over to our chairman for the presentation. Thank you, Mr. Gillis. I think as we have done every year we have held our annual meetings, I've taken the opportunity to update our shareowners on the progress of our firm and our prospects for the future. In continuing that tradition, we will do so again this year. I would also note that since our last annual meeting, we have celebrated our 10th anniversary as a public company. We now have a 10-year track record to look back on and to use as a guidepost as we think about what the future may hold for our firm. I would direct everyone to the first page of the presentation entitled 2025 Highlights. 2025 was a record year for our firm. We delivered record adjusted EPS, record GAAP EPS, record revenues in excess of $1.7 billion, and margins of 20%+. We continue to be stewards of your capital and have always prioritized investing in the firm to build long-term value, followed closely by protecting the value of your shares by using excess cash flow first and foremost to repurchase shares at compelling valuations. This past year, we repurchased 2.4 million share and share equivalents. We deployed almost $600 million in that endeavor, and we maintained our $1 per share dividend throughout the year. We continue to expand our global footprint. 133 partners, which grew 12% year-on-year. 1,224 colleagues, increase of 7% year-on-year. We now have offices around the globe, 16 locations, 10 countries, and have opened offices in Stockholm and Riyadh in the past year. We continue to focus on giving back. Since 2020, our firm and our employees have supported more than 530 charitable organizations, and we were proud to have released our fifth annual corporate sustainability report. Next slide, please. We've always talked about the need to have some distance to get a broader perspective, to look sometimes with the telescope and not the microscope. The 10-year track record that we have is one that we are immensely proud of. If we look at our revenues in 2025, they were 4.2x the revenues of 2015. Our adjusted EPS was four and a half times the beginning EPS. Our adjusted pre-tax income grew to be eight and a half times our starting point. On any dimension, we have fulfilled the promise of being a high-growth company. It's more important than just growth is to stand for something. We need to be a high-integrity company, a high-impact company. When we look at what we have done over those years, we could not have done it without the addition of so many talented professionals who are our colleagues today. Our employee count has grown 247%, our partner count has grown 189%, and the unique number of clients with which we have done business this past year has more than doubled throughout this journey. Next slide, please. What are we focused on? Well, I think we're focused on more of the same, which is to continue to do what we're doing, but to do it with purpose, to do it with focus, and to continue to look at everything we do and ask if we can do it better as we continue to pursue our ambition, which is to be, quite simply, the world's best investment bank. What are those key signposts? The first one is we need to continue to attract, retain, and develop best-in-class talent because that is the lifeblood of our organization. We need to ensure that all of those individuals who come to our firm work together in a highly collaborative, cooperative manner with the client interest always first and foremost. We need to continue to foster a culture of collaboration. We're never satisfied with what we're building. We always want to build it better, which means we need to continue to further expand our capabilities and our global reach. We need to ensure that as we have all of these immense tools and talents at our disposal, that we're doing everything that we can to enhance the integration of our businesses to ensure that we can deliver the best for our clients. Ultimately, we want to expand the mind share and market share across all of our businesses. With that, I just would like to leave you all by thanking, first, our board of directors for their unyielding support and their great counsel. To thank all of our colleagues for all of their hard work and effort and results. Finally, our shareowners for investing in our firm, for supporting us, and for believing in us. With that, we will now take your questions. Thank you, Mr. Taubman. There were no questions submitted by shareholders in advance of the meeting, none of the shareholders that are online with us have submitted a question either. As there are no questions, that concludes our question and answer period. I'd like to conclude again by thanking everyone for participating in this year's annual meeting of shareholders. This concludes today's webcast. You may now disconnect.