How are votes counted?
Votes will be counted by the inspector of election appointed for the Annual Meeting, who will separately count, for Proposal No. 1, votes “FOR,” “AGAINST,” and “ABSTAIN”.
What is a broker non-vote?
If you are a beneficial owner of shares held by a broker, bank, trust or other nominee and you do not provide your broker, bank, trustee or other nominee with voting instructions, your shares may constitute “broker non-votes”. Broker non-votes occur on a matter when the broker, bank, trustee or other nominee is not permitted under applicable stock exchange rules to vote on that matter without instructions from the beneficial owner and instructions are not given. These matters are referred to as “non-routine” matters.
Because Proposal No. 1 is a “routine” matter, a broker, bank, trustee or other nominee may be permitted to exercise its discretion on this proposal, which means there should be no broker non-votes on this matter. Broker non-votes will be counted as shares present for purposes of determining a quorum.
What is an abstention?
An abstention is a stockholder’s affirmative choice to decline to vote on a proposal. Under Nevada law, abstentions are counted as shares present and entitled to vote at the Annual Meeting, and therefore will be counted for purposes of determining a quorum. Generally, unless otherwise provided by applicable law, our Amended and Restated Bylaws (as amended, our “Bylaws”) provide that an action of our stockholders (other than the election of directors) is approved by an affirmative vote of a majority in voting power of shares of our capital stock present in person or represented by proxy and entitled to vote thereon. Therefore, votes marked as “ABSTAIN” will have the same effect as a vote “AGAINST” the outcome in Proposal No. 1.
How many shares or votes must be present or represented to conduct business at the Annual Meeting?
A “quorum” is necessary to conduct business at the Annual Meeting. A quorum is established if there is the presence, in person or by proxy, of the holders of a majority of the voting power of all our outstanding capital stock entitled to vote at the Annual Meeting, regardless of whether the proxy has authority to vote on any matter. Each share of our Class A Common Stock present or represented by proxy at the meeting is counted as holding the power of one (1) vote, and each share of our Class B Common Stock present or represented by proxy at the meeting is counted as holding the power of ten (10) votes. Shares of Preferred Stock do not have the right to vote with holders of our Common Stock at the Annual Meeting. On the Record Date, there were 56,897,668 shares of Class A Common Stock, representing 56,897,668 votes, 9,880,117 shares of Class B Common Stock, representing 98,801,170 votes. Therefore, in order for there to be a quorum, stockholders holding at least 77,849,420 of the votes must be counted as present or represented by proxy at the Annual Meeting. Shares owned by the Company are not considered outstanding or considered to be present at the Annual Meeting. Abstentions will be counted as present for purposes of determining a quorum at the Annual Meeting. Similarly, broker non-votes (if any) will be counted as present for purposes of determining a quorum at the Annual Meeting. If a quorum is not present, the Annual Meeting will be adjourned or postponed until a quorum is obtained.
How many votes are needed for the proposal to pass?
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Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. | | | The affirmative vote of a majority in voting power of shares of our capital stock present in person or represented by proxy and entitled to vote on the matter. |
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What are the voting procedures?
With regard to Proposal No. 1, you may vote in favor of or against the proposal, or you may abstain from voting on the proposal. You should specify your respective choices on the proxy card or vote instruction form that was delivered to you or that you may request by following the information in your Notice of Internet Availability of Proxy Materials.
Can I change my vote or revoke my proxy?
If you are a stockholder of record, you may revoke your proxy at any time prior to the vote at the Annual Meeting. If you submitted your proxy by mail, you must file with our Secretary a written notice of revocation or deliver, prior to