Good morning, welcome to the Unisys Corporation 2026 annual stockholders meeting. I would now like to introduce Peter Altabef, the Chair of the Board of Directors of Unisys Corporation, to begin the meeting. Good morning. On behalf of the Unisys Board of Directors and Management, it is my pleasure to welcome you to this year's annual meeting of stockholders. To allow all of our stockholders the opportunity to attend and participate, we are once again conducting this year's meeting online as a virtual meeting. A recording of the meeting will be available on the Unisys website approximately 24 hours after the meeting has concluded. You will be able to access this recording on the Unisys Investor Relations webpage. Before we proceed, I would like to take a brief moment to share a personal note. After more than 10 years serving Unisys, initially as CEO and President and a member of the board and later as its Chair, this will be my final annual meeting as I retire from the board. It has been a privilege to serve our stockholders, work alongside this dedicated group of Directors, and champion our associates, including this leadership team over the past decade. I will now turn the meeting over to Kristen Prohl, our General Counsel, Corporate Secretary, and Chief Administration Officer, who will serve as secretary of the meeting and walk us through the formalities of the meeting. Thank you, Peter, and thank you for your leadership and service to Unisys. First, I would like to note that Peter and I are joined by all of the director nominees and other members of the Unisys management team. Also, in attendance this morning are representatives of Grant Thornton LLP, our independent registered public accounting firm, who will be available to respond to questions following the meeting. The meeting agenda and rules of conduct for today's meeting are available on the website that you used to access the meeting under the heading Meeting Materials. Please review and adhere to these rules of conduct as they are now in effect. After the adjournment of the formal meeting, Michael Thomson, our Chief Executive Officer and President, will provide comments regarding the state of our company. We will then allow time for general questions and answers from registered stockholders. If you are a registered stockholder, you may use the control number provided in your proxy materials to submit a question at any time during the meeting. The rules of conduct provide that each stockholder may submit a maximum of two questions. Please note that today's remarks may contain forward-looking statements that are based on current expectations. Actual results may vary materially due to a number of risks and uncertainties, including those contained in our 2025 annual report on Form 10-K and other recent Securities and Exchange Commission filings. Unisys is not under and expressly disclaims any obligation to update forward-looking statements, whether as a result of new information, future events, or otherwise. I now reference the affidavit of Broadridge Financial Solutions, Inc., certifying that each stockholder of record at the close of business as of the record date for this meeting, March 2, 2026, has been given proper notice of the meeting and, where appropriate, related proxy materials. The declarations of facts related to the mailing of the meeting notice, the proxy materials, and the annual report will be filed with the records of this meeting. A complete list of stockholders as of the record date is available on the meeting website. The list has been open to stockholders of record for the last 10 days. Peder Hagberg of C.T. Hagberg LLC has been appointed as the Inspector of Election for this meeting. In keeping with our policy of confidential voting, the inspector is an independent inspector. He has been duly sworn and is present. Mr. Hagberg has confirmed and reports that a quorum is present, either in person or by proxy at this meeting. Let's move now to the next order of business, the presentation of the proposals. The first item to be voted upon is the election of each of the 10 Director nominees. As indicated in the proxy statement, the following individuals have been nominated by the Board of Directors for election: Nathaniel Davis, Matthew Desch, Philippe Germond, Deborah Lee James, John Kritzmacher, Paul Martin, Regina Paolillo, Troy Richardson, Roxanne Taylor, and Michael Thomson. All of the nominees are current members of the Unisys Board of Directors, and the Board of Directors has recommended a vote for each director nominee. This year, the deadline for stockholders to submit director nominations was January 31, 2026. Since no such nomination was received, under our Bylaw procedure, I declare the nominations closed. The second proposal is a resolution to approve on a non-binding advisory basis the compensation of the Unisys named executive officers. The Board of Directors has recommended a vote for this proposal. The third proposal is the ratification of the appointment of Grant Thornton LLP as the independent registered public accounting firm for the 2026 fiscal year. The Board of Directors has recommended a vote for this proposal. The fourth proposal is the approval of the amendment to the Unisys Corporation 2024 Long-Term Incentive and Equity Compensation Plan. The Board of Directors has recommended a vote for this proposal. The fifth proposal is the approval of the amendment to the company's amended and restated certificate of incorporation to eliminate supermajority voting provisions. The Board of Directors has recommended a vote for this proposal. There being no further voting items, we will now consider questions related to the proposals. If a stockholder has a question regarding any of the proposals, I invite you to submit a question via the meeting portal now. As a reminder, there will be time later for general questions. Questions at this time are limited to the five proposals just presented. We will pause briefly to give stockholders a moment to submit any questions about the proposals. As there are no questions, the polls are now open for voting. Any stockholder or proxy holder present who has not voted but who wishes to vote at this time may now do so by submitting their vote on the website you used to access this meeting. Only stockholders of record or proxy holders may vote at this time. Stockholders in the Unisys Savings Plan may not vote at this time since they must vote through the plan trustee. I will pause briefly to allow votes to be cast. Now that stockholders have had an opportunity to vote, I declare the polls closed. Based on the preliminary report of the Inspector of Election, I am advised by the Inspector of Election that each of the 10 nominees for director has been elected. The proposal to approve executive compensation on an advisory basis has been approved. The proposal to ratify the selection of Grant Thornton LLP as the company's independent registered public accounting firm for 2026 has been approved. The proposal to approve the amendment to the company's amended and restated Certificate of Incorporation to eliminate the supermajority voting provisions is too close to call based on preliminary results. The results reported today are preliminary. Unisys will be reporting the detailed final vote results on a Form 8-K to be filed with the U.S. Securities and Exchange Commission within four business days of today. Since there is no further official business to come before the meeting, I now declare the 2026 Annual Meeting of Stockholders adjourned. It is now my pleasure to introduce Michael Thomson, Chief Executive Officer and President of the company, to comment on the state of our company. Following Mike's comments, we will address any relevant stockholder questions that have been submitted through the meeting portal. Mike? Good morning, everyone, and thank you for joining us for Unisys Corporation's 2026 Annual Stockholders Meeting. I appreciate this opportunity to share an overview of our 2025 results and discuss how we embed artificial intelligence in our solutions to help our clients achieve elevated business outcomes, advancing their modernization journey and overall technology experience. The slides I'll cover today summarize our activities and results from 2025. Next week, on Tuesday, May 5th, we will release our first quarter 2026 results, which will be posted on our investor relations webpage. We will also host a call to discuss those results the next morning, May 6, at 8:00 A.M. Eastern Standard Time. Starting on slide five, I'd like to spend a few minutes on our 2025 financial results. 2025 was another year of consistent execution of our operating strategy, yielding improved profitability and free cash flow. We also took significant steps to both remove pension contribution variability and advance our efforts towards the full removal of our U.S. qualified defined benefit pension plans. There are a couple of things to note here as we review year-over-year select financial results. Let's start with a look at revenue for the total company and then bifurcate it between License and Support, or L&S revenue, and the rest of the business defined as XL&S. Our L&S business is predominantly generated from our ClearPath Forward ecosystem. We divide our business in this manner so investors can easily evaluate the portion of our business that is our IP-oriented license revenue, which is recognized upfront and therefore can accrue unevenly based on the number, size, and term of the license's renewal period, versus XL&S, which is project or managed services-based and typically recognized over time. For full year 2025, our revenue was $1.9 billion, a 2.9% year-over-year decline, and a decline of 3.5% excluding L&S revenue. While XL&S revenue was impacted by some macroeconomic factors, such as the uncertainty in the public sector and volume with some existing clients, our L&S business generated meaningful upside for the third consecutive year. L&S solutions exceeded our revenue expectations by approximately $40 million. These solutions have benefited from a consumption-based revenue model that continues to expand as our clients modernize their ecosystems and use our platforms, products, and data to fuel enterprise AI deployments. We were also pleased with our ability to expand profitability again in 2025, driven by not only the strengthening in our L&S solutions, but a continued focus on a delivery model improving efficiency and quality. Our full-year non-GAAP operating profit was $177 million, representing a 9.1% margin. This is up 30 basis points year-over-year and exceeded the top end of both our original guidance range of 6.5%-8.5%, as well as the increased range of 8%-9% that we upwardly revised mid-year. The full year, we also exceeded our goals for improving pre-pension free cash flow, which is free cash flow prior to pension and post-retirement contributions. 2025 pre-pension free cash flow was $128 million, a $45 million increase from 2024 and well above the $100 million we originally anticipated. We also ended the year with increased cash balances, which totaled $414 million, up $37 million from the prior year. The same time, we were able to improve our net leverage ratio to 2.8x from 3x and reduce our GAAP pension deficit by approximately $300 million through both planned and discretionary pension contributions. To slide six, I want to discuss the results of our go-to-market strategy and the continued advancement of our industry recognition. As you can see on the left side of this slide, we achieved improvement across a broad set of key metrics in 2025. We signed approximately $2.2 billion of total contract value in 2025, a 13% year-over-year increase, including $1.8 billion of contract value in our XL&S solutions. Much of our focus during the year was on securing our recurring revenue base, which is reflected in the $1.7 billion of renewal total contract value, or TCV, that we signed in the year. As a result, we ended the year with more TCV in backlog and improvements in our trailing-twelve-month book-to-bill ratio. We also continued to build momentum with the industry analysts who publish research that many clients and prospects utilize as they evaluate IT service providers for use or inclusion in competitive processes. As you can see on the right side of the slide, in 2025 we built upon our strong 2024 results with this cohort. Unisys received three rating increases, appeared in eight total new reports, and received two new leader rankings, translating to 19 leadership designations across our portfolio. Notably, and for the first time, we were recognized as a global leader in Digital Workplace Solutions by Gartner, securing a new level of credibility that we believe has been helping us break through to access larger opportunities in the segment. We're also pleased that the largest step up in awareness came in AI-related solutions, where we received 6 incremental report placements. Turning to slide 7, you can see some detailed evidence of the advancement of our solutions and how it's being recognized at both the company level and portfolio level by the industry analyst community. While this slide highlights new and improved placements since 2024, it marks the cumulative and steady improvements since 2021, when we established our current operating structure and company strategy. Our strategy includes a balanced approach to organic and inorganic investments geared to enhancing our solution portfolio, our delivery capabilities, and building a vibrant alliance network of leading technology partners to support growth and market share gains. This balanced approach has increased both quality and quantity of analyst coverage and has provided us access to a much broader portion of the IT market, giving us the recognition and credibility to compete globally. This, coupled with the advancement in AI embedded in our solutions, gives us the ability to deliver capabilities at scale. Moving to slide eight, I want to discuss AI in more detail, and specifically as a core element to our prospective growth and how it continues to provide opportunities for enhanced delivery efficiency and excellence. This slide provides an overview of how we generally categorize the capabilities that we believe make up a comprehensive and integrated approach to enterprise AI that can maximize its value for our clients and allows us to meet them at any point in their modernization journey. First, we believe most clients are still at the early stages of a sea change in their business process redesign. That redesign will be fueled by unencumbered technology that impacts investments across people, process, and systems for years to come. We believe that positions us well to be a pivotal transformation partner for our existing and prospective clients. Our combination of enterprise understanding, engineering and technical expertise, and deep real-world experience in operational delivery are required to develop, transform, and orchestrate prioritized AI to fundamentally transform business processes. Second, successful application of AI for any purpose will require rock-solid AI-ready data foundations. The third set of capabilities, which we call Process AI, are the solutions that leverage AI to improve delivery of existing managed services and significantly reduce the cost of its operations, service management, and support for clients. Fourth, we believe agentic modernization capabilities will be central to executing AI roadmaps within organizations, many of which are burdened by decades of legacy investments that need to be leveraged and transformed. We see a world in which agentic modernization allows clients to build on existing value to improve return on investment of AI adoption and rethink the way business is conducted. Fifth is physical AI and AI infrastructure, which is really the expertise to install, repair, and manage the physical hardware required to apply AI. We view this as a broad category spanning intelligent IoT devices on the edge to network and data center at the core. Here we see our extensive global field services organizations in a unique position to develop and support infrastructure at every layer of the ecosystem that will work in concert with AI adoption. Finally, we expect responsible AI to be one of the most important services that must be brought for successful AI adoption. The ability to overlay governance, security, and transparency amidst peak IT complexity, disparate regional regulations, and increasingly sophisticated security threats is a must-have in any service provider. On slide nine, we highlight a few key AI-enabled solutions in each segment where we're continuing solution enhancements as we believe these solutions set the foundation for future growth. In Digital Workplace Solutions or DWS, we're rolling out our agentic service desk powered by Service Experience Accelerator, a framework that combines knowledge management, agentic, and generative AI to enhance and automate the IT support experience. As I mentioned earlier, we're expanding our global field service capabilities to support higher-value hybrid infrastructure and delivering Device Subscription Services that can use intelligent refresh for maximizing asset utilization, end user productivity, and minimizing device costs. In Cloud Applications and Infrastructure, or CA&I, we're orchestrating AI agents and layering them into our services spanning multi-cloud management, intelligent operations, and application transformation and modernization services. In Enterprise Computing Solutions, or ECS, we are continuing to invest in value-added products such as Data Exchange and ePortal that enable the use of ClearPath Forward data and applications for AI and analytics throughout the enterprise. We are also advancing our Agile Business, or AB suite, for ClearPath application development with AI capabilities for more rapid and secure prototyping, testing, and deployment. These solutions highlight tangible examples of how we combine people, process, and technology to deploy AI for our clients and deliver real value, whether that's by reducing cost, improving experience, or accelerating time to value. In conclusion, we're very proud of how we've advanced our solutions, our delivery expertise, and our market presence, all the while strengthening our balance sheet. We're committed to building on that foundation to spur growth and enhance value for our stockholders. Lastly, I want to thank our employees for their hard work and dedication, our clients for their trust, and you, our stockholders, for your ongoing support. Thank you for your attention. Now I'd like to send the call back to Kristen and open the floor up for general questions. Kristen? Thank you, Mike. We will now address questions from our stockholders. In order to assure that all stockholders have an opportunity to be heard, our procedures limit those who may ask questions only to those stockholders of record on March 2, 2026, the record date, or their proxies. Mike, we have received a few pre-meeting questions on the composition and compensation of our board, our recent stock price decline, and financial stability. First, let me thank you for your questions and for your candid engagement. I understand the frustration that comes with sustained share price pressure, and I want to address your concerns directly. As you can see from our proxy statement, our board of directors is highly qualified and engaged. They bring experience across enterprise technology, cybersecurity, capital allocation, and public company governance. They're actively overseeing our strategy with a focus on increasing shareholder value. Changing board composition or board compensation due solely to the stock price would be, in our judgment, undermine the continuity and long-term value creation rather than improve it. Our Board and leadership team are fully aligned with our stockholders as they are stockholders themselves. As we discussed on our last earnings call, share price decline in our sector reflects broad market dynamics. While there have been periodic tech sell-offs tied to AI-related discussions, those trends are not specific to Unisys or indicative of any fundamental change in our business. We remain focused on managing the business well and continuing to engage with our clients and the investor community. With regard to the financial stability, we maintain ongoing access to liquidity, continue to serve major global clients, and are actively managing cost, cash flow, and obligations. That said, we're operating in a demanding environment, and the financial discipline remains a top priority. In a volatile technology market, disciplined execution, credible governance, and long-term thinking matter more than ever. We appreciate your continued engagement, and we remain committed to executing our strategy and driving value for our stockholders. Mike, we received a question asking what Unisys is doing to attract and retain new business and customers in the U.S. in 2026 and to keep and hire talent this year? Yeah, great question. I would say consistent with the dialogue and the prepared remarks, Unisys is really approaching all our markets, not just the U.S. market, with enhanced solutions, enhanced skills in our workforce, a direct-go-to-market program to enhance the attraction of new logo. We talked quite a bit about our engagement with the industry analyst community and how that basically inspires additional resources to align to RFP contributions. So, I would say from a point of view of attracting new logos, there's a deep-rooted expertise here that is really focused on continuing to grow that base of clients, as well as expand the scope of the work that we're doing for our existing base of clients. Mike, another question we've received is, have you considered cutting the research and development budget more dramatically than in previous years? Another great question. Actually, it's probably the opposite of that, right? The whole point of the emerging technology is about putting more into R&D. The bulk of our R&D is aligned to our ClearPath Forward ecosystem. I had talked previously around the application of new technology in that space to enable AI usage. And frankly, the work that we're doing on all of our solutions continue to drive the need for R&D. We've been pretty consistent in our R&D spend over the course of the last three years, and I would expect that to continue perspectively. Mike, there are no further questions or comments at this time. Thank you for your time and your support of our company. Enjoy your day. Thank you. The Unisys Corporation 2026 Annual Stockholders Meeting has now come to an end. Thank you for attending. You may now leave the virtual meeting.