Operator

Hello, and welcome to the Annual Meeting of Stockholders of Host Hotels & Resorts. Please note that today's meeting is being recorded. [Operator Instructions]

It is now my pleasure to turn today's meeting over to Richard Marriott, Chairman of the Board of Host Hotels & Resorts. Mr. Marriott, the floor is yours.

Richard Marriott

Good day, everyone. Welcome to the 2026 Annual Meeting of Stockholders. I'm Dick Marriott, and I will be presiding over this meeting. We are hosting today's meeting through a virtual online platform. The Annual Meeting of Host Hotels & Resorts is hereby called to order.

We will begin the meeting by reviewing the meeting proposals to be voted on. We will then move to the business update from our President and CEO, Jim Risoleo, followed by a question-and-answer period. Our General Counsel and Corporate Secretary, Julie Aslaksen, who is participating in today's meeting, has reported to me that the notice of the annual meeting was first mailed on April 8, 2026, to our stockholders of record as of March 20, 2026.

Julie will confirm when the polls have closed, report on the preliminary voting results and adjourn the meeting. Computershare, our Inspector of Elections has reported that a majority of the shares are present at the meeting, either in person or by proxy. Accordingly, a quorum is present and we may transact the business before us.

I'd like to remind everyone that some of the remarks made today are considered to be forward-looking statements under federal securities laws. As described in our filings with the SEC, these statements are subject to numerous