Welcome to the 2026 annual meeting of stockholders of TPG Inc. All lines have been placed in listen-only mode in order to prevent any background noise. If you require any operator assistance, please press star zero on your telephone keypad, and an operator will join the line to assist you. I will now turn the meeting over to Jim Coulter, TPG's Executive Chair and Founding Partner. Your line is now open. Please go ahead. Good evening to those on the East Coast, good afternoon to everyone else in the United States, and greetings to others around the world. I'm Jim Coulter, TPG's Executive Chair and Co-Founding Partner, and I'd like to welcome all of you to TPG Inc.'s 2026 annual meeting of stockholders. Today's meeting is being held in virtual-only format. We've designed the format to this meeting to ensure that all stockholders are afforded the same rights and opportunities to participate just as they would in an in-person meeting. Joining me today, either in person or via audio, is our CEO, Jon Winkelried, our President, Todd Sisitsky, other members of TPG's Board of Directors, and Jennifer Chu, our General Counsel, who will be taking the mic for me in a moment. Also present are Laura Sisneros of CT Hagberg & Associates, who has been appointed to serve as the Inspector of Elections for today's meeting. On behalf of Deloitte & Touche, TPG's independent auditor, are Marty McElroy, Edward Harrison, and Kwasi Owusu-Aduomi, and Gary Stein, TPG's Head of Investor Relations, also joins. The order for business for today's meeting will be as follows. First, we will cover introductory and procedural matters. Second, we will complete the formal portion of the annual stockholders meeting, and stockholders will be able to vote for our management proposals. Third, following the formal business of the meeting, we will conduct a question and answer session to address questions relating to the company and our business. The meeting will please come to order. Jennifer Chu, who is TPG's Chief Legal Officer, General Counsel, and Secretary, will act as Secretary of this annual meeting. I will now turn it over to Jen. Thank you, Jim. I'd also like to welcome all of you to TPG's annual stockholders meeting for 2026. I'll begin with a few procedural matters. If you have logged into this meeting with your control number, you may submit a question at any time by typing your question in the box at the bottom of your screen. We ask then when doing so, you please include your name and affiliation, if any, in the box alongside your question. When you submit a question, please state whether you are a TPG shareholder or a proxy for a shareholder. Please note that questions submitted anonymously will not be answered. We will address questions during the question and answer period following the formal business of the meeting. The Inspector of Elections signed her oath of office, and that oath is submitted to the corporation and made part of the record for this meeting. I have the list of stockholders of the company at the close of business on April 8th, 2026, who are entitled to vote at this meeting. This list has been made available during ordinary business hours for examination by stockholders at our headquarters and can be accessed during the annual meeting at www.virtualshareholdermeeting.com/TPG2026. I've examined the list of stockholders entitled to vote at this meeting. There are represented at the meeting, either in person or by proxy, approximately 90% of the corporation's issued in outstanding common shares entitled to vote at the meeting. Therefore, there is a quorum for all actions to be taken at the meeting, and I now declare this meeting open for all official business. There are four proposals submitted to a vote of our common stockholders at this meeting. Detailed information regarding each matter is contained in our proxy statement. Following the presentation of all agenda items, we will address questions or comments on the four matters. The first proposal is the election of the following 14 directors by the company stockholders, in each case for a one-year term expiring at the annual meeting of stockholders of TPG to be held in 2027. Those 14 directors are Jim Coulter, Jon Winkelried, Todd Sisitsky, Anilu Vazquez-Ubarri, Kelvin Davis, Nehal Raj, Jeffrey Rhodes, Ganen Sarvananthan, David Trujillo, Gunther Bright, Mary Cranston, Kathy Elsesser, William McRaven, and Deborah Messemer. The second proposal is the election of the following nine nominees to the executive committee, in each case for a one-year term expiring at the annual meeting of stockholders of TPG to be held in 2027. Those nine nominees are Jim Coulter, Jon Winkelried, Todd Sisitsky, Anilu Vazquez-Ubarri, Kelvin Davis, Nehal Raj, Jeffrey Rhodes, Ganen Sarvananthan, and David Trujillo. The third proposal is a non-binding advisory vote on the 2025 compensation paid to our named executive officers as disclosed in our proxy statement. The fourth proposal is to ratify the appointment of Deloitte & Touche as our independent registered public accounting firm for the fiscal year ending December 31, 2026. If you have not yet submitted a proxy card and wish to vote on these items or wish to revoke a proxy card you've previously signed, stockholders may vote by pressing the vote button at the bottom right of the VSM portal. You will need the control number provided on your proxy card to vote your shares online. We will now pause the meeting to allow stockholders to vote. Now that everyone has had the opportunity to vote, I now declare the polls closed, and I will read the preliminary voting results. Each nominee for election to the board of directors has been elected by a plurality of the votes cast. Each nominee for election to the executive committee has been elected by a plurality of the votes cast. A majority of the voting power also voted for, first, the approval on a non-binding advisory basis of the 2025 compensation paid to our named executive officers, and second, the ratification of Deloitte & Touche as our independent registered public accounting firm for the fiscal year ending December 31, 2026. There being no other business to attend to, I declare the formal portion of the 2026 annual meeting of stockholders adjourned. Since there are no questions at this time, I will turn the meeting back over to Jim Coulter for concluding remarks. Thank you, Jen. Again, on behalf of everyone here at TPG, I would like to thank all of our stockholders for joining us for today's annual meeting and for your continued support of TPG.
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