FREEPORT-MCMORAN INC — Call Transcript 2026

Welcome to the Freeport-McMoRan Inc 2026 Annual Meeting of Stockholders. Please note that today's meeting is being recorded. During the meeting, we will have a question-and-answer session. Stockholders can submit questions or comments at any time by using the Ask a Question box on the virtual meeting website. It is now my pleasure to turn today's meeting over to Richard C. Adkerson, Chairman of the Board. Mr. Adkerson, the floor is yours. Thank you. Good morning and welcome to the 2026 Annual Meeting of Stockholders of Freeport-McMoRan. I'm Richard Adkerson, Chairman of this annual meeting. I'd like to thank all of our shareholders for your continued support and engagement. In 2025, Freeport demonstrated resilience by delivering solid financial and operating results in a challenging year. We maintained a strong balance sheet, continued to return capital to stockholders. At the same time, we advanced key initiatives that strengthen our foundation and support long-term growth. With copper at our core, we remain focused on being foremost in copper. Our high-quality asset base, organic growth options, and financial strength position Freeport to supply copper reliably and responsibly to a growing market and to deliver long-term value to our shareholders. I now call this meeting to order. The meeting will follow the order of business and will be conducted in accordance with the rules of order, copies of which are posted on the webcast screen. Stockholders who have followed the instructions set forth in our proxy may vote and submit questions pertinent to meeting matters during the meeting. You may submit questions through the Ask a Question box on the virtual meeting website by typing your question in the box and submitting. These questions will not be visible to other meeting participants. Questions that are pertinent to meeting matters will be answered live during the question-and-answer period. You'll be identified before your question is answered. Any questions relevant to meeting matters that cannot be answered due to time constraints can be submitted to Investor Relations for our company as outlined in our proxy materials. As a reminder, if you have joined today's meeting as a guest, you will not be allowed to vote or submit questions during the meeting. I'm personally proud of our directors who have a deep understanding of the challenges and opportunities facing our global business. I'm grateful to each of our directors for their service, contributions, and commitment to the future success of Freeport. I will now introduce my fellow directors. Dusty McCoy, our Lead Independent Director. Dusty is a retired Chairman and CEO of Brunswick Corporation. David Abney, retired Chairman and CEO of UPS. Marcela Donadio, the retired Partner and Americas Oil and Gas Sector Leader of Ernst & Young. Hugh Grant, retired Chairman of the Board, President, and CEO of Monsanto Company. Lydia Kennard, President and CEO of KDG Construction Consulting and Quality Engineering Solutions. Ryan Lance, Chairman and CEO of ConocoPhillips. Sara Lewis, retired CEO of Lewis Corporate Advisors. Kathleen Quirk, President and CEO of Freeport. John Stephens, retired Senior Executive Vice President and CFO of AT&T. Frances Townsend, Advisory Services, Frances Fragos Townsend LLC. Finally, I would like to recognize Bob Dudley, retired Group Chief Executive of BP, who is rolling off our board today. Bob has served on the board since 2021, and we are grateful for his contributions to the board and Freeport. On behalf of the full board and management team, thank you, Bob, for your dedicated service. We wish you all the best. In addition to Kathleen, we have two members of management participating in today's virtual meeting. David Joint, Vice President of Investor Relations, and Monique Cenac, our Assistant General Counsel and Corporate Secretary of the company and secretary of this meeting. Also participating today is Sarah Bonin, partner of Ernst & Young, our independent registered public accounting firm. She is available for our questions during the question-and-answer period. Monique will describe the procedure for this meeting. Mr. Chairman, we will include in the records of the meeting a signed affidavit evidencing that notice of the meeting accompanied by either a notice of Internet availability of proxy materials or a proxy statement, a form of proxy, and an annual report have been duly mailed to each stockholder of record. American Election Services, LLC will serve as Inspector of Election. The Inspector of Election has taken and subscribed a note, which will be included with the minutes. I've been informed by the Inspector of Election that there are present in person, including by remote communication or by proxy, stockholders entitled to vote holding at least the majority of the outstanding shares of common stock on the record date, April 13th, 2026. Accordingly, a quorum is present, and the meeting is duly convened for purposes of transacting such business as may properly come before it. I remind everyone that today's presentation and certain of our comments on this live audio webcast may include forward-looking statements and actual results may differ materially. I refer everyone to the cautionary language included in our presentation materials and to the risk factors described in our 2025 Form 10-K as updated in our subsequent SEC filings. I'll turn it over to Ms. Quirk. Thank you, Monique. As a leading global copper company, we remain committed to our objective of being foremost in copper with copper at our core Our performance reflects the strength of our copper-focused strategy, our diversified asset base, and the resilience of our team in navigating a complex operating environment. Copper's strategic importance to the global economy continues to increase, supported by electrification initiatives, continued urbanization in developed countries, data centers and AI growth, and growing connectivity globally. We believe demand fundamentals remain favorable, even as short-term market conditions create some level of volatility. To capture this opportunity, we are advancing initiatives across our portfolio of long-lived assets. In the United States and South America, we are progressing high-quality organic growth projects and incorporating new technologies and data analytics into our leaching process to improve recoveries. We are also advancing important long-term opportunities across our portfolio. In early 2026, we entered into a memorandum of understanding with the government of Indonesia that supports extending our operating rights at the Grasberg minerals district for the life of the resource. This framework reinforces long-term stability for one of the world's premier copper and gold deposits and provides a path to continue large-scale operations and future development opportunities in this district. As we move through 2026, our priorities are clear. We're focused on restoring operations at the Grasberg Block Cave underground mine safely and sustainably following the September 2025 mud rush incident, and we have commenced a phased ramp-up. Safety remains our highest priority, and we are applying lessons learned to strengthen our systems and protect our people. With a clear strategy, strong assets, and a favorable long-term outlook for copper, we are confident in our ability to deliver long-term value to our shareholders. It is now time to open the polls and commence the voting by stockholders. As set forth in the company's proxy statement, the stockholders will vote on three items. The first item is the election of 11 directors. The second item is the approval on an advisory basis of the compensation of the company's named executive officers. The third item is the ratification of the appointment of Ernst & Young as the company's independent registered public accounting firm for 2026. There are no other proposals to be voted upon at this meeting. I certify that the three items you have announced are the only items of business to be properly voted on at the meeting. If you have already submitted your proxy, your vote has been counted, and no further action on your part is necessary. If you are a stockholder entitled to vote and have not yet voted, or if you want to change your previously cast votes, please do so now via the website used to access this meeting. The polls will remain open until the Chairman closes them. We will now address stockholder questions about any of the items being voted upon at this meeting. In accordance with the rules of order, the entire question-and-answer period will be limited to a total of 20 minutes. David Joint, Vice President of Investor Relations, will read any questions pertinent to the meeting matters submitted, and I will respond. Mr. Chairman, we have not received any questions pertinent to meeting matters today. Thank you, David. This concludes the question-and-answer period. The polls are about to close, if you have not yet voted, please do so now. The polls are now closed on all items of business. It is now 10:10 A.M. Eastern Time. I ask the Secretary to present to the meeting the preliminary voting results. Any proxies or votes submitted during the meeting will be included in the final results of the voting. Subject to a final tabulation, we report the following preliminary results provided by the Inspector of Elections. With respect to the election of the 11 directors, each of the 11 director nominees has been elected by a majority of the votes cast. The advisory approval of our executive compensation is passed by the affirmative vote of the majority of the shares of common stock present in person or represented by proxy and entitled to vote on the matter. The ratification of Ernst & Young has been approved by the affirmative vote of the majority of the shares of common stock present in person or represented by proxy and entitled to vote on the matter. A current report on Form 8-K will be filed with the SEC within four business days reporting the final results of the voting at today's meeting, a copy of which will be available on the company's website. All items of business have now been completed. There being no further business to come before the meeting, the meeting is now adjourned. Thank you for participating in today's meeting. Operator, please conclude the call. The meeting has now concluded. Thank you all for joining. You may now disconnect.

Speaker 4: Welcome to the Freeport-McMoRan Inc 2026 Annual Meeting of Stockholders. Please note that today's meeting is being recorded. During the meeting, we will have a question-and-answer session. Stockholders can submit questions or comments at any time by using the Ask a Question box on the virtual meeting website. It is now my pleasure to turn today's meeting over to Richard C. Adkerson, Chairman of the Board. Mr. Adkerson, the floor is yours. Welcome to the Freeport-McMoRan Inc 2026 Annual Meeting of Stockholders. welcome to the freeport-mcmoran inc 2026 annual meeting of stockholders Please note that today's meeting is being recorded. please note that today's meeting is being recorded During the meeting, we will have a question- and- answer session. during the meeting we will have a question- and- answer session Stockholders can submit questions or comments at any time by using the Ask a Question box on the virtual meeting website. stockholders can submit questions or comments at any time by using the ask a question box on the virtual meeting website It is now my pleasure to turn today's meeting over to Richard C. it is now my pleasure to turn today's meeting over to richard c Adkerson, Chairman of the Board. adkerson chairman of the board Mr. Adkerson, the floor is yours. mr adkerson the floor is yours

Speaker 5: Thank you. Good morning and welcome to the 2026 Annual Meeting of Stockholders of Freeport-McMoRan. I'm Richard Adkerson, Chairman of this annual meeting. I'd like to thank all of our shareholders for your continued support and engagement. In 2025, Freeport demonstrated resilience by delivering solid financial and operating results in a challenging year. We maintained a strong balance sheet, continued to return capital to stockholders. At the same time, we advanced key initiatives that strengthen our foundation and support long-term growth. With copper at our core, we remain focused on being foremost in copper. Our high-quality asset base, organic growth options, and financial strength position Freeport to supply copper reliably and responsibly to a growing market and to deliver long-term value to our shareholders. I now call this meeting to order. Thank you. thank you Good morning and welcome to the 2026 Annual Meeting of Stockholders of Freeport-McMoRan. good morning and welcome to the 2026 annual meeting of stockholders of freeport-mcmoran I'm Richard Adkerson, Chairman of this annual meeting. i'm richard adkerson chairman of this annual meeting I'd like to thank all of our shareholders for your continued support and engagement. i'd like to thank all of our shareholders for your continued support and engagement In 2025, Freeport demonstrated resilience by delivering solid financial and operating results in a challenging year. in 2025 freeport demonstrated resilience by delivering solid financial and operating results in a challenging year We maintained a strong balance sheet, continued to return capital to stockholders. we maintained a strong balance sheet continued to return capital to stockholders At the same time, we advanced key initiatives that strengthen our foundation and support long-term growth. at the same time we advanced key initiatives that strengthen our foundation and support long-term growth With copper at our core, we remain focused on being foremost in copper. with copper at our core we remain focused on being foremost in copper Our high-quality asset base, organic growth options, and financial strength position Freeport to supply copper reliably and responsibly to a growing market and to deliver long-term value to our shareholders. our high-quality asset base organic growth options and financial strength position freeport to supply copper reliably and responsibly to a growing market and to deliver long-term value to our shareholders I now call this meeting to order. i now call this meeting to order The meeting will follow the order of business and will be conducted in accordance with the rules of order, copies of which are posted on the webcast screen. Stockholders who have followed the instructions set forth in our proxy may vote and submit questions pertinent to meeting matters during the meeting. You may submit questions through the Ask a Question box on the virtual meeting website by typing your question in the box and submitting. These questions will not be visible to other meeting participants. Questions that are pertinent to meeting matters will be answered live during the question-and-answer period. You'll be identified before your question is answered. Any questions relevant to meeting matters that cannot be answered due to time constraints can be submitted to Investor Relations for our company as outlined in our proxy materials. The meeting will follow the order of business and will be conducted in accordance with the rules of order, copies of which are posted on the webcast screen. the meeting will follow the order of business and will be conducted in accordance with the rules of order copies of which are posted on the webcast screen Stockholders who have followed the instructions set forth in our proxy may vote and submit questions pertinent to meeting matters during the meeting. stockholders who have followed the instructions set forth in our proxy may vote and submit questions pertinent to meeting matters during the meeting You may submit questions through the Ask a Question box on the virtual meeting website by typing your question in the box and submitting. you may submit questions through the ask a question box on the virtual meeting website by typing your question in the box and submitting These questions will not be visible to other meeting participants. these questions will not be visible to other meeting participants Questions that are pertinent to meeting matters will be answered live during the question- and- answer period. questions that are pertinent to meeting matters will be answered live during the question- and- answer period You'll be identified before your question is answered. you'll be identified before your question is answered Any questions relevant to meeting matters that cannot be answered due to time constraints can be submitted to Investor Relations for our company as outlined in our proxy materials. any questions relevant to meeting matters that cannot be answered due to time constraints can be submitted to investor relations for our company as outlined in our proxy materials As a reminder, if you have joined today's meeting as a guest, you will not be allowed to vote or submit questions during the meeting. I'm personally proud of our directors who have a deep understanding of the challenges and opportunities facing our global business. I'm grateful to each of our directors for their service, contributions, and commitment to the future success of Freeport. I will now introduce my fellow directors. Dusty McCoy, our Lead Independent Director. Dusty is a retired Chairman and CEO of Brunswick Corporation. David Abney, retired Chairman and CEO of UPS. Marcela Donadio, the retired Partner and Americas Oil and Gas Sector Leader of Ernst & Young. Hugh Grant, retired Chairman of the Board, President, and CEO of Monsanto Company. Lydia Kennard, President and CEO of KDG Construction Consulting and Quality Engineering Solutions. Ryan Lance, Chairman and CEO of ConocoPhillips. As a reminder, if you have joined today's meeting as a guest, you will not be allowed to vote or submit questions during the meeting. as a reminder if you have joined today's meeting as a guest you will not be allowed to vote or submit questions during the meeting I'm personally proud of our directors who have a deep understanding of the challenges and opportunities facing our global business. i'm personally proud of our directors who have a deep understanding of the challenges and opportunities facing our global business I'm grateful to each of our directors for their service, contributions, and commitment to the future success of Freeport. i'm grateful to each of our directors for their service contributions and commitment to the future success of freeport I will now introduce my fellow directors. i will now introduce my fellow directors Dusty McCoy, our Lead Independent Director. dusty mccoy our lead independent director Dusty is a retired Chairman and CEO of Brunswick Corporation. dusty is a retired chairman and ceo of brunswick corporation David Abney, retired Chairman and CEO of UPS. david abney retired chairman and ceo of ups Marcela Donadio, the retired Partner and Americas Oil and Gas Sector Leader of Ernst & Young. marcela donadio the retired partner and americas oil and gas sector leader of ernst & young Hugh Grant, retired Chairman of the Board, President, and CEO of Monsanto Company. hugh grant retired chairman of the board president and ceo of monsanto company Lydia Kennard, President and CEO of KDG Construction Consulting and Quality Engineering Solutions. lydia kennard president and ceo of kdg construction consulting and quality engineering solutions Ryan Lance, Chairman and CEO of ConocoPhillips. ryan lance chairman and ceo of conocophillips Sara Lewis, retired CEO of Lewis Corporate Advisors. Kathleen Quirk, President and CEO of Freeport. John Stephens, retired Senior Executive Vice President and CFO of AT&T. Frances Townsend, Advisory Services, Frances Fragos Townsend LLC. Finally, I would like to recognize Bob Dudley, retired Group Chief Executive of BP, who is rolling off our board today. Bob has served on the board since 2021, and we are grateful for his contributions to the board and Freeport. On behalf of the full board and management team, thank you, Bob, for your dedicated service. We wish you all the best. In addition to Kathleen, we have two members of management participating in today's virtual meeting. David Joint, Vice President of Investor Relations, and Monique Cenac, our Assistant General Counsel and Corporate Secretary of the company and secretary of this meeting. Sara Lewis, retired CEO of Lewis Corporate Advisors. sara lewis retired ceo of lewis corporate advisors Kathleen Quirk, President and CEO of Freeport. kathleen quirk president and ceo of freeport John Stephens, retired Senior Executive Vice President and CFO of AT&T. john stephens retired senior executive vice president and cfo of at&t Frances Townsend, Advisory Services, Frances Fragos Townsend LLC. frances townsend advisory services frances fragos townsend llc Finally, I would like to recognize Bob Dudley, retired Group Chief Executive of BP, who is rolling off our board today. finally i would like to recognize bob dudley retired group chief executive of bp who is rolling off our board today Bob has served on the board since 2021, and we are grateful for his contributions to the board and Freeport. bob has served on the board since 2021 and we are grateful for his contributions to the board and freeport On behalf of the full board and management team, thank you, Bob, for your dedicated service. on behalf of the full board and management team thank you bob for your dedicated service We wish you all the best. we wish you all the best In addition to Kathleen, we have two members of management participating in today's virtual meeting. in addition to kathleen we have two members of management participating in today's virtual meeting David Joint, Vice President of Investor Relations, and Monique Cenac, our Assistant General Counsel and Corporate Secretary of the company and secretary of this meeting. david joint vice president of investor relations and monique cenac our assistant general counsel and corporate secretary of the company and secretary of this meeting Also participating today is Sarah Bonin, partner of Ernst & Young, our independent registered public accounting firm. She is available for our questions during the question-and-answer period. Monique will describe the procedure for this meeting. Also participating today is Sarah Bonin, partner of Ernst & Young, our independent registered public accounting firm. also participating today is sarah bonin partner of ernst & young our independent registered public accounting firm She is available for our questions during the question- and- answer period. she is available for our questions during the question- and- answer period Monique will describe the procedure for this meeting. monique will describe the procedure for this meeting

Speaker 3: Mr. Chairman, we will include in the records of the meeting a signed affidavit evidencing that notice of the meeting accompanied by either a notice of Internet availability of proxy materials or a proxy statement, a form of proxy, and an annual report have been duly mailed to each stockholder of record. American Election Services, LLC will serve as Inspector of Election. The Inspector of Election has taken and subscribed a note, which will be included with the minutes. I've been informed by the Inspector of Election that there are present in person, including by remote communication or by proxy, stockholders entitled to vote holding at least the majority of the outstanding shares of common stock on the record date, April 13th, 2026. Accordingly, a quorum is present, and the meeting is duly convened for purposes of transacting such business as may properly come before it. Mr. Chairman, we will include in the records of the meeting a signed affidavit evidencing that notice of the meeting accompanied by either a notice of Internet availability of proxy materials or a proxy statement, a form of proxy, and an annual report have been duly mailed to each stockholder of record. mr chairman we will include in the records of the meeting a signed affidavit evidencing that notice of the meeting accompanied by either a notice of internet availability of proxy materials or a proxy statement a form of proxy and an annual report have been duly mailed to each stockholder of record American Election Services, LLC will serve as Inspector of Election. american election services, llc will serve as inspector of election The Inspector of Election has taken and subscribed a note, which will be included with the minutes. the inspector of election has taken and subscribed a note which will be included with the minutes I've been informed by the Inspector of Election that there are present in person, including by remote communication or by proxy, stockholders entitled to vote holding at least the majority of the outstanding shares of common stock on the record date, April 13th, 2026. i've been informed by the inspector of election that there are present in person including by remote communication or by proxy stockholders entitled to vote holding at least the majority of the outstanding shares of common stock on the record date april 13th 2026 Accordingly, a quorum is present, and the meeting is duly convened for purposes of transacting such business as may properly come before it. accordingly a quorum is present and the meeting is duly convened for purposes of transacting such business as may properly come before it I remind everyone that today's presentation and certain of our comments on this live audio webcast may include forward-looking statements and actual results may differ materially. I refer everyone to the cautionary language included in our presentation materials and to the risk factors described in our 2025 Form 10-K as updated in our subsequent SEC filings. I'll turn it over to Ms. Quirk. I remind everyone that today's presentation and certain of our comments on this live audio webcast may include forward-looking statements and actual results may differ materially. i remind everyone that today's presentation and certain of our comments on this live audio webcast may include forward-looking statements and actual results may differ materially I refer everyone to the cautionary language included in our presentation materials and to the risk factors described in our 2025 Form 10-K as updated in our subsequent SEC filings. i refer everyone to the cautionary language included in our presentation materials and to the risk factors described in our 2025 form 10-k as updated in our subsequent sec filings I'll turn it over to Ms. Quirk. i'll turn it over to ms quirk

Speaker 2: Thank you, Monique. As a leading global copper company, we remain committed to our objective of being foremost in copper with copper at our core Thank you, Monique. thank you monique As a leading global copper company, we remain committed to our objective of being foremost in copper with copper at our core as a leading global copper company we remain committed to our objective of being foremost in copper with copper at our core Our performance reflects the strength of our copper-focused strategy, our diversified asset base, and the resilience of our team in navigating a complex operating environment. Copper's strategic importance to the global economy continues to increase, supported by electrification initiatives, continued urbanization in developed countries, data centers and AI growth, and growing connectivity globally. We believe demand fundamentals remain favorable, even as short-term market conditions create some level of volatility. To capture this opportunity, we are advancing initiatives across our portfolio of long-lived assets. In the United States and South America, we are progressing high-quality organic growth projects and incorporating new technologies and data analytics into our leaching process to improve recoveries. We are also advancing important long-term opportunities across our portfolio. Our performance reflects the strength of our copper-focused strategy, our diversified asset base, and the resilience of our team in navigating a complex operating environment. our performance reflects the strength of our copper-focused strategy our diversified asset base and the resilience of our team in navigating a complex operating environment Copper's strategic importance to the global economy continues to increase, supported by electrification initiatives, continued urbanization in developed countries, data centers and AI growth, and growing connectivity globally. copper's strategic importance to the global economy continues to increase supported by electrification initiatives continued urbanization in developed countries data centers and ai growth and growing connectivity globally We believe demand fundamentals remain favorable, even as short-term market conditions create some level of volatility. we believe demand fundamentals remain favorable even as short-term market conditions create some level of volatility To capture this opportunity, we are advancing initiatives across our portfolio of long-lived assets. to capture this opportunity we are advancing initiatives across our portfolio of long-lived assets In the United States and South America, we are progressing high-quality organic growth projects and incorporating new technologies and data analytics into our leaching process to improve recoveries. in the united states and south america we are progressing high-quality organic growth projects and incorporating new technologies and data analytics into our leaching process to improve recoveries We are also advancing important long-term opportunities across our portfolio. we are also advancing important long-term opportunities across our portfolio In early 2026, we entered into a memorandum of understanding with the government of Indonesia that supports extending our operating rights at the Grasberg minerals district for the life of the resource. This framework reinforces long-term stability for one of the world's premier copper and gold deposits and provides a path to continue large-scale operations and future development opportunities in this district. As we move through 2026, our priorities are clear. We're focused on restoring operations at the Grasberg Block Cave underground mine safely and sustainably following the September 2025 mud rush incident, and we have commenced a phased ramp-up. Safety remains our highest priority, and we are applying lessons learned to strengthen our systems and protect our people. With a clear strategy, strong assets, and a favorable long-term outlook for copper, we are confident in our ability to deliver long-term value to our shareholders. In early 2026, we entered into a memorandum of understanding with the government of Indonesia that supports extending our operating rights at the Grasberg minerals district for the life of the resource. in early 2026 we entered into a memorandum of understanding with the government of indonesia that supports extending our operating rights at the grasberg minerals district for the life of the resource This framework reinforces long-term stability for one of the world's premier copper and gold deposits and provides a path to continue large-scale operations and future development opportunities in this district. this framework reinforces long-term stability for one of the world's premier copper and gold deposits and provides a path to continue large-scale operations and future development opportunities in this district As we move through 2026, our priorities are clear. as we move through 2026 our priorities are clear We're focused on restoring operations at the Grasberg Block Cave underground mine safely and sustainably following the September 2025 mud rush incident, and we have commenced a phased ramp-up. we're focused on restoring operations at the grasberg block cave underground mine safely and sustainably following the september 2025 mud rush incident and we have commenced a phased ramp-up Safety remains our highest priority, and we are applying lessons learned to strengthen our systems and protect our people. safety remains our highest priority and we are applying lessons learned to strengthen our systems and protect our people With a clear strategy, strong assets, and a favorable long-term outlook for copper, we are confident in our ability to deliver long-term value to our shareholders. with a clear strategy strong assets and a favorable long-term outlook for copper we are confident in our ability to deliver long-term value to our shareholders

Speaker 5: It is now time to open the polls and commence the voting by stockholders. As set forth in the company's proxy statement, the stockholders will vote on three items. The first item is the election of 11 directors. The second item is the approval on an advisory basis of the compensation of the company's named executive officers. The third item is the ratification of the appointment of Ernst & Young as the company's independent registered public accounting firm for 2026. There are no other proposals to be voted upon at this meeting. It is now time to open the polls and commence the voting by stockholders. it is now time to open the polls and commence the voting by stockholders As set forth in the company's proxy statement, the stockholders will vote on three items. as set forth in the company's proxy statement the stockholders will vote on three items The first item is the election of 11 directors. the first item is the election of 11 directors The second item is the approval on an advisory basis of the compensation of the company's named executive officers. the second item is the approval on an advisory basis of the compensation of the company's named executive officers The third item is the ratification of the appointment of Ernst & Young as the company's independent registered public accounting firm for 2026. the third item is the ratification of the appointment of ernst & young as the company's independent registered public accounting firm for 2026 There are no other proposals to be voted upon at this meeting. there are no other proposals to be voted upon at this meeting

Speaker 3: I certify that the three items you have announced are the only items of business to be properly voted on at the meeting. If you have already submitted your proxy, your vote has been counted, and no further action on your part is necessary. If you are a stockholder entitled to vote and have not yet voted, or if you want to change your previously cast votes, please do so now via the website used to access this meeting. The polls will remain open until the Chairman closes them. I certify that the three items you have announced are the only items of business to be properly voted on at the meeting. i certify that the three items you have announced are the only items of business to be properly voted on at the meeting If you have already submitted your proxy, your vote has been counted, and no further action on your part is necessary. if you have already submitted your proxy your vote has been counted and no further action on your part is necessary If you are a stockholder entitled to vote and have not yet voted, or if you want to change your previously cast votes, please do so now via the website used to access this meeting. if you are a stockholder entitled to vote and have not yet voted or if you want to change your previously cast votes please do so now via the website used to access this meeting The polls will remain open until the Chairman closes them. the polls will remain open until the chairman closes them

Speaker 5: We will now address stockholder questions about any of the items being voted upon at this meeting. In accordance with the rules of order, the entire question-and-answer period will be limited to a total of 20 minutes. David Joint, Vice President of Investor Relations, will read any questions pertinent to the meeting matters submitted, and I will respond. We will now address stockholder questions about any of the items being voted upon at this meeting. we will now address stockholder questions about any of the items being voted upon at this meeting In accordance with the rules of order, the entire question- and- answer period will be limited to a total of 20 minutes. in accordance with the rules of order the entire question- and- answer period will be limited to a total of 20 minutes David Joint, Vice President of Investor Relations, will read any questions pertinent to the meeting matters submitted, and I will respond. david joint vice president of investor relations will read any questions pertinent to the meeting matters submitted and i will respond

Speaker 1: Mr. Chairman, we have not received any questions pertinent to meeting matters today. Mr. Chairman, we have not received any questions pertinent to meeting matters today. mr chairman we have not received any questions pertinent to meeting matters today

Speaker 5: Thank you, David. This concludes the question-and-answer period. The polls are about to close, if you have not yet voted, please do so now. The polls are now closed on all items of business. It is now 10:10 A.M. Eastern Time. I ask the Secretary to present to the meeting the preliminary voting results. Thank you, David. thank you david This concludes the question- and- answer period. this concludes the question- and- answer period The polls are about to close, if you have not yet voted, please do so now. the polls are about to close if you have not yet voted please do so now The polls are now closed on all items of business. the polls are now closed on all items of business It is now 10:10 A.M. it is now 10:10 a.m Eastern Time. eastern time I ask the Secretary to present to the meeting the preliminary voting results. i ask the secretary to present to the meeting the preliminary voting results

Speaker 3: Any proxies or votes submitted during the meeting will be included in the final results of the voting. Subject to a final tabulation, we report the following preliminary results provided by the Inspector of Elections. With respect to the election of the 11 directors, each of the 11 director nominees has been elected by a majority of the votes cast. The advisory approval of our executive compensation is passed by the affirmative vote of the majority of the shares of common stock present in person or represented by proxy and entitled to vote on the matter. The ratification of Ernst & Young has been approved by the affirmative vote of the majority of the shares of common stock present in person or represented by proxy and entitled to vote on the matter. Any proxies or votes submitted during the meeting will be included in the final results of the voting. any proxies or votes submitted during the meeting will be included in the final results of the voting Subject to a final tabulation, we report the following preliminary results provided by the Inspector of Elections. subject to a final tabulation we report the following preliminary results provided by the inspector of elections With respect to the election of the 11 directors, each of the 11 director nominees has been elected by a majority of the votes cast. with respect to the election of the 11 directors each of the 11 director nominees has been elected by a majority of the votes cast The advisory approval of our executive compensation is passed by the affirmative vote of the majority of the shares of common stock present in person or represented by proxy and entitled to vote on the matter. the advisory approval of our executive compensation is passed by the affirmative vote of the majority of the shares of common stock present in person or represented by proxy and entitled to vote on the matter The ratification of Ernst & Young has been approved by the affirmative vote of the majority of the shares of common stock present in person or represented by proxy and entitled to vote on the matter. the ratification of ernst & young has been approved by the affirmative vote of the majority of the shares of common stock present in person or represented by proxy and entitled to vote on the matter A current report on Form 8-K will be filed with the SEC within four business days reporting the final results of the voting at today's meeting, a copy of which will be available on the company's website. A current report on Form 8-K will be filed with the SEC within four business days reporting the final results of the voting at today's meeting, a copy of which will be available on the company's website. a current report on form 8-k will be filed with the sec within four business days reporting the final results of the voting at today's meeting a copy of which will be available on the company's website

Speaker 5: All items of business have now been completed. There being no further business to come before the meeting, the meeting is now adjourned. Thank you for participating in today's meeting. Operator, please conclude the call. All items of business have now been completed. all items of business have now been completed There being no further business to come before the meeting, the meeting is now adjourned. there being no further business to come before the meeting the meeting is now adjourned Thank you for participating in today's meeting. thank you for participating in today's meeting Operator, please conclude the call. operator please conclude the call

Speaker 4: The meeting has now concluded. Thank you all for joining. You may now disconnect. The meeting has now concluded. the meeting has now concluded Thank you all for joining. thank you all for joining You may now disconnect. you may now disconnect