Operator

Hello, and welcome to the Cadence Design Systems 2026 Annual Meeting of Stockholders. [Operator Instructions]

It is now my pleasure to turn today's meeting over to Anirudh Devgan, President and Chief Executive Officer of Cadence. Dr. Devgan, the floor is yours.

Anirudh Devgan
CEO, President & Director

Good afternoon, and welcome. I'm Anirudh Devgan, President and Chief Executive Officer of Cadence. On behalf of our Board of Directors and our 15,000-plus employees around the world, I would like to welcome you to Cadence's 2026 Annual Meeting of Stockholders.

I will chair this meeting. And Cadence's General Counsel and Corporate Secretary, Marc Taxay, will act as Secretary. I will now turn the floor over to Mr. Taxay.

Marc Taxay
Senior VP, General Counsel & Corporate Secretary

Thank you, Dr. Devgan. We're holding Cadence's 2026 annual meeting today in a virtual live audio webcast format. Please bear with us if we have any technical glitches or delays during the meeting. We thank everyone who is in attendance today.

We are conducting this meeting in accordance with our bylaws and the meeting rules of conduct. The rules of conduct, annual report, proxy statement and agenda of this meeting are available on the meeting website.

Now I'd like to introduce you to our Board nominees who are with us virtually. They are: Mark Adams; Ita Brennan; Lewis Chew; Anirudh Devgan; Moshe Gavrielov; M.L. Krakauer; Julia Liuson; James Plummer; Alberto Sangiovanni-Vincentelli; Young Sohn; and Luc Van den hove. Also in attendance are Sachi Patel and [indiscernible], representatives of PricewaterhouseCoopers, Cadence's independent auditor.

As a reminder, stockholders attending the virtual meeting can vote