Valmont Industries, Inc. ($VMI)

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, Monday. Thank you. You may begin.

Good morning. My name is Mgens Bay and as Chairman of Belmond, 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 4 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 Gaye 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 Switz, CFO and Corporate Secretary, to read the required legal notice.

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 Galeski 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.

Thank you. There are 4 matters for shareholders to vote upon at this meeting: one, the election of 4 directors whose term will expire in 2029. The 4 Directors are money, RitoFaber, Rick LaneHaand Paul Mace. Two, the approval of Valmont's employee stock purchase plan. Three, the advisory approval of the company's executive compensation; and fourth, to ratify the appointment of KPMG as independent auditors for fiscal 2026. Those of you who did not vote by proxy or those who already voted by proxy and now wish to vote in person, now have the opportunity to do so. We will now consider the shareholder matters May I have a motion and a second in favor of the 4 shareholder proposals.

Second.

Thank you. Is there any discussion? Please vote at this time if you have not already done so. At this time, I declare the polls for each matter voted upon at this meeting closed and direct that the election inspector tabulate the balance. Because more than a majority of our stock voted by proxy, I can now provide the voting results. A majority of common shareholders who are present, both in person and by proxy, have voted for the 4 matters described in Belmont's proxy statement. All shareholder proposals have been approved. Last week, Avner Applbaum, Valmont's CEO, provided a business update during the company's first quarter earnings conference call. I encourage our shareholders to listen to the replay, which is currently available on our website. In addition, shareholders are always encouraged to contact our investment Investor Relations Officer, Renee Campbell, with any questions. Thank you for participating in today's annual meeting. Since there is no further business to be considered, I declare the 2026 Annual Shareholders Meeting at year end.

Thank you, ladies and gentlemen. This does conclude today's meeting. We appreciate your participation. You may disconnect your lines at this time. Enjoy the rest of your day.