Operator

Greetings, and welcome to Valmont Industries 2026 Annual Shareholders Meeting. [Operator Instructions]

As a reminder, this conference is being recorded. I would now like to turn the call over to Valmont's Chairman of the Board, Mogens Bay. Thank you. You may begin.

Mogens Bay

Good morning. My name is Mogens Bay, and as Chairman of Valmont, it's my pleasure to welcome you to our Annual Meeting. Today's meeting is being audio webcast to our shareholders and will be made available for replay at our website, valmont.com.

We have four proposals that are outlined in Valmont's proxy statement to be voted upon at this meeting. We will then announce the results. All Valmont directors are present at today's meeting.

Greg Geyer of KPMG is participating in today's meeting, and KPMG is available to respond to any questions you may have about our financials. At this point, I call upon John Schwietz, CFO and Corporate Secretary, to read the required legal notice.

John Schwietz
Executive VP, CFO & Corporate Secretary

Mr. Chairman, this meeting is convened in accordance with the proxy mailed on March 11, 2026, to all shareholders of record as of March 2, 2026. We have received the affidavit of mailing from Broadridge stating that this mailing was complete and accurate.

Anita Gillespie has been appointed inspector of the election, and a list of all shareholders is available for review. The inspector has advised us that there were 19,547,213 shares outstanding and entitled to vote at this meeting. Of that number, more than 91% are represented by proxy at this time.

Mogens Bay

Thank you. There are four matters for shareholders to