Welcome to the special meeting for Plymouth Industrial REIT. Our host for today's call is Jeffrey Witherell, Chairman of the Board and Chief Executive Officer. I will now turn the call over to your host, Mr. Witherell. You may begin, sir. Good morning. I am Jeffrey Witherell, Chairman of the Board and Chief Executive Officer of Plymouth Industrial REIT, Incorporated. I want to welcome all of you to this special meeting of stockholders. I will serve as Chairman of the Meeting, and Anne Hayward, Senior Vice President and General Counsel and Secretary of Plymouth Industrial REIT, will serve as Secretary of the Meeting. In order to conduct an orderly meeting and give all stockholders an opportunity to participate, we will follow the agenda and the rules of conduct that are posted for stockholders on the virtual meeting portal. As a reminder, recording of this meeting is prohibited. To briefly recap the agenda, after we review a few formalities, I will call the formal meeting to order, and Ms. Hayward will introduce the proposals described in detail in the proxy statement, which are: the approval of the merger of the company with and into PIR Industrial REIT, pursuant to the terms of the agreement and plan of merger dated October 24, 2025; between the company, Plymouth Industrial OP, L.P.; PIR Ventures, L.P.; PIR Industrial REIT, LLC; and PIR Industrial OP, LLC. We refer to this proposal as the merger proposal. Number two, the approval by a non-binding advisory vote of the compensation that may be paid or become payable to the company's named executive officers in connection with the mergers. We refer to this proposal as the merger compensation proposal. Three, the approval of any adjournments of the special meeting to a later date or dates if necessary or appropriate, including adjournments to solicit additional proxies if there are insufficient votes at the time of the special meeting to approve the merger proposal. We refer to this proposal as the adjournment proposal. We will discuss each of these items, and you'll have the opportunity to vote if you have not already done so. Following the voting, we will announce preliminary results and adjourn the meeting. It's now my pleasure to call the meeting to order. We have been provided with a tabulation of proxies and ballots by Broadridge Financial Solutions, which we refer to as Broadridge. Tracy Oates of Broadridge has been designated the inspector of election of the special meeting and is present today. She has been duly sworn and has taken and signed an oath to faithfully execute her duties with strict impartiality and to the best of her ability. The oath of inspector of election will be filed as part of the minutes of this special meeting. I have a certified list of the stockholders of record at the close of business on December 15, 2025, which is the record date for this special meeting. Only stockholders of record as of the record date or their authorized proxy holders are entitled to vote on matters presented at this special meeting. Written notice of this meeting was mailed on or about December 18, 2025, to all holders of record of our common stock, along with a proxy statement and proxy card, and Broadridge has presented an affidavit certifying to the mailing of notice. The secretary of the special meeting will file the notice and certificate, as well as a copy of the proxy statement for the special meeting and the certified list of stockholders with the minutes of the company. The inspector of election has presented her preliminary report to me, indicating the presence of a quorum. We are informed by the inspector of election that as of the close of business on the record date, Plymouth Industrial REIT had 44,551,164 shares of common stock outstanding, each share of which is entitled to one vote at the special meeting. As of right now, based on information provided by Broadridge in connection with the tabulation of proxies, there are sufficient shares of the company stock present in person or by proxy and entitled to vote at this special meeting to constitute a quorum. Since notice was duly given and a quorum is present, we will now proceed with the formal business of this meeting. The time is now 10:04 A.M., and the polls are now open for voting on all matters to be presented. Anne, can you please review the matters properly brought before this meeting? Yes. Any stockholder who has not yet voted or who wishes to change their vote may do so by clicking on the voting button on the virtual meeting portal and following the instructions provided. Stockholders who have sent in proxies or voted by telephone or the internet and do not wish to change their vote do not need to take any further action. As Jeffrey described earlier, there are three proposals to be considered by the stockholders at this special meeting, which we will review. We will then review the voting procedures. The polls will then be closed to voting. The first item of business is the approval of the merger proposal, which requires the affirmative vote of the holders of at least a majority of the outstanding shares of the company's common stock entitled to vote on the merger proposal as of the record date for the special meeting. The Board of Directors has recommended a vote for this proposal. The second item of business is the approval of the merger compensation proposal, which requires the affirmative vote of a majority of the total number of votes cast at the special meeting on the merger compensation proposal. The Board of Directors has recommended a vote for this proposal. The third and final item of business is the approval of the adjournment proposal, which requires the affirmative vote of a majority of the total number of votes cast at the special meeting on the adjournment proposal. The Board of Directors has recommended a vote for this proposal. Voting today is by proxy and electronic ballot. Each share of common stock outstanding as of the record date for the special meeting is entitled to one vote. As noted, any stockholder who has not voted or who wishes to change their vote may do so by clicking on the "Vote Here" button in the "Cast Your Vote" section of the website portal and following the instructions provided. Stockholders who have submitted proxies or who have previously voted via the internet or by phone and who do not wish to change their vote do not need to take further action. Their votes will be counted automatically. The floor is now open for questions or comments. From stockholders of the company concerning the proposals. If you'd like to do so, please submit your question or comment through the web portal. Please be mindful that we will only address questions related to the proposal at this time. Okay. There is one question. It is not concerning the proposals, but I do think we'll address it. Anne, can you answer that question? Yes, sure. The proposal relates to the Redimere litigation, and the plaintiff's motion was before the court on January 20th and was denied. The merger transaction will close on January 27th, next Tuesday. There being no further. It is now. There being no further questions, we'll proceed with the meeting. Right. It is now 10:08 A.M., and the polls are still open for voting. If you would like to submit your ballot online through the web portal, please do so now by clicking on the "Vote Here" button in the "Cast Your Vote" section of the web portal and following the instructions provided. Again, if you previously voted by proxy, it is not necessary to vote by ballot unless you wish to change your vote. Submission of a ballot revokes your prior proxy. The time is now 10:09 A.M., and there being no further ballots, I declare the polls closed for voting. All ballots and proxies are now in the custody of the inspector of election. The next item on the agenda is the preliminary report of the inspector of election. Any votes submitted before the polls close but not reflected in the preliminary report will be reflected in the final report of the inspector of election. The inspector of election has reported that based on the preliminary count conducted, the merger proposal and the adjournment proposal have been approved. The non-binding advisory merger compensation proposal was not approved. Since the merger proposal has been approved, we will not need to act upon the adjournment proposal. The final report of the inspector of election will be filed with the minutes of the special meeting, and the voting results will be published in a current report on Form 8-K that we will file with the Securities and Exchange Commission. There being no further business, I hereby adjourn today's meeting. We thank you for your attendance this morning. The meeting has now concluded. Thank you for joining, and have a pleasant day.
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