Good morning, and welcome to the 2025 Annual Meeting of Stockholders of Ubiquiti Inc. It is now 10:00 A.M. Eastern Time, and the meeting will come to order. My name is Hartley Nissenbaum. I'm the General Counsel of the company, and I will be presiding over the meeting. The rules for conduct of the annual meeting are available on the web portal of this virtual meeting. Please take a moment to familiarize yourself with them if you have not done so already. To the extent that you wish to participate during the meeting, we ask that you comply with those rules. The annual meeting is being held virtually this morning in accordance with our bylaws and Delaware law. Our program will proceed as follows. First, we will conduct the official business of the annual meeting. Please limit any questions you may have to those which relate to the formal business of the meeting. Once the meeting is formally adjourned, we will open the floor to a question-and-answer session. Only validated stockholders or their proxy holders will be able to ask questions in the designated field on the web portal. Out of consideration for others, please limit yourself to one question. Although we won't be able to answer every single question, we will do our best to provide a response to as many as possible. Please note that audio recording devices are not permitted at this meeting. We will now proceed to the business portion of the meeting. We have proof by affidavit that notice of this meeting has been duly given and that the notice, proxy statement, proxy card, and annual report were mailed on or about October 24, 2025, to stockholders of record as of October 17, 2025. The Board of Directors has appointed a representative of Broadridge Financial Solutions Inc. to act as Inspector of Elections. Andrew Wilcox, representing Broadridge as Inspector of Elections, will tabulate the results of the voting and has signed the customary inspector's oath, which will be filed with the minutes of the meeting. Mr. Wilcox has examined the votes so far received and has informed us that more than a majority of the shares of common stock entitled to vote at this meeting are represented in person or by proxy. Therefore, a quorum is present, and this meeting is duly constituted. This meeting may now proceed with its business. Voting will occur during the meeting via the web portal of this virtual meeting. If you have turned in a proxy card and do not intend to change your vote, then it is not necessary that you vote because we will count your proxy card. Please submit any questions about your proxy or voting instructions through the web portal. It is now 10:03 A.M., and the polls for each matter to be voted on at this meeting are now open. Any stockholders who have not yet voted or wish to change their votes may do so by clicking on the voting button on the web portal and following the instructions there. Stockholders who have sent in proxies or voted via telephone or internet and do not want to change their votes do not need to take any further action. Polls will close following discussion of the proposals. The first matter to be voted upon is the election of one Class 2 Director. The Board of Directors previously nominated Mr. Ronald A. Sege to serve as the Class 2 Director. The company was informed earlier this week that Mr. Sege unexpectedly passed away. We are deeply saddened by this news. The Board of Directors has not designated a substitute nominee at this time, and we will proceed with the vote as set forth in our proxy materials. Following the meeting, the Class 2 Director seat will remain vacant until the Board of Directors determines the appropriate next steps in accordance with the requirements of Delaware law, the New York Stock Exchange rules, and the company's governing documents. On behalf of the Board of Directors, the executive team, and all employees of Ubiquiti, we extend our deepest condolences to Mr. Sege's family and express our sincere gratitude for his leadership and contribution to the company. If any stockholder would like to make a comment or ask a question regarding this proposal, please submit your comment or question through the web portal. The next order of business is the ratification of the appointment of the company's independent registered public accounting firm. The Audit Committee of the Board of Directors has appointed KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending June 30, 2026. If any stockholder would like to make a comment or ask a question regarding this proposal, please submit your comment or question through the web portal. There are no additional proposals today, so we will proceed to voting. If you have not done so, please submit your vote on the portal now. The polls will close momentarily. It is now 10:06 A.M. Eastern Time, and the polls for each matter to be voted on at this meeting are now closed. No additional ballots, proxy cards, or votes, and no changes or revocations will be accepted. According to the preliminary report of the Inspector of Elections, all proposals have been approved by the stockholders. As explained earlier, the Class 2 Director seat will remain vacant until the Board of Directors determines the appropriate next steps. These are the preliminary results of voting. The final vote count may vary following final examination of the proxies and ballots. The final results will be reported in our Form 8-K filed with the SEC. That concludes the business portion of the meeting, and the meeting is adjourned. We have some time remaining, and we'll be happy to take your questions. Please submit them through the web portal. Our discussion today may include various projections and forward-looking statements about the company. These statements involve risks and uncertainties that could lead to materially different events or results from those we expect today. You are strongly encouraged to read our periodic reports and filings with the SEC, including our annual report for the fiscal year ended June 30, 2025, and our quarterly report for the three months ended September 30, 2025, under the heading Risk Factors, which lay out some of these risks and uncertainties in detail. This concludes the Q&A portion of the annual meeting. Thank you for your time. The meeting is now concluded. Thank you for joining. You may now disconnect.