Annual General Meeting Transcript - BHF 2026-02-12

Jacob Jankelowicz, Other

Good morning, everyone. Thank you for joining us today for the special meeting of stockholders of Bright House Financial, Inc. I am Jacob Jankelowicz, the Corporate Secretary of Bright House Financial, Inc. I am joined today by Chuck Chaplin, Chairman of the Board of Directors. Before we begin, I would like to state that our discussion during today's meeting may include forward-looking statements within the meaning of the federal securities laws. Bright House Financial's actual results may differ materially from the results anticipated in the forward-looking statements as a result of risks and uncertainties described from time to time in Bright House's filings with the U.S. Securities and Exchange Commission. Information discussed at today's meeting speaks only as of today, February 12, 2026, and Bright House undertakes no obligation to update any information discussed during today's meeting. A recording of the special meeting will be available to the public on our special meeting website at www.virtualshareholder meeting.com forward slash bhf 2026 following the conclusion of the special meeting personal recording of the special meeting is prohibited i am now going to turn the meeting over to chuck who will preside over the meeting mr chairman thank you jacob and welcome everyone the time is now 8 0 1 eastern standard time and i will call the meeting to order in accordance with With our bylaws, I'll act as chairman of the meeting, and Jacob Jankelowitz, our corporate

C. Edward (“Chuck”) Chaplin, Chairman

secretary, will act as secretary of the meeting, and I will now turn it back over to Jacob.

Jacob Jankelowicz, Other

Thank you, Chuck. I will now report on a few meeting formalities. We will proceed with the formal business of the meeting as set forth in your notice of special meeting of stockholders and proxy statement. During this meeting, we will entertain discussions solely on matters properly brought before the meeting pursuant to Delaware law, the applicable SEC rules, and the companies amended and restated bylaws. We have posted to our special meeting website the procedures and rules of conduct for the meeting, and we ask all stockholders to abide by those rules. An agenda for this meeting has been posted to the special meeting website. As you can see on the agenda, before polls close on the proposals for the stockholder vote, we will entertain questions from stockholders only with respect to those proposals. Stockholders may enter their questions in the dialogue box that appears on your screen. Victor Letessa of Broadridge Financial Solutions, Inc. is serving as the inspector of election for this meeting. Mr. Letessa has taken his oath as inspector of election. I confirm that Broadridge Financial Solutions, Inc. has provided us with an affidavit attesting that the mailing of the notice of the special meeting and the related proxy statement to stockholders commenced on January 7, 2026. The affidavit has been filed with the records of the contract to confirm that the list of stockholders as of January 5, 2026, at 5 p.m. Eastern Standard Time, the record date for this meeting was made available for inspection by stockholders in accordance with Delaware law. The inspector of election has confirmed that the holders of a majority of the shares outstanding at the record date are present either by participation in this special meeting or by proxy. Accordingly, a quorum is present at this meeting. Chuck, back to you.

C. Edward (“Chuck”) Chaplin, Chairman

Okay, thank you, Jacob. We will now turn to the agenda for the meeting. There are three proposals presented for stockholder vote. Each of the proposals is described in detail in the proxy materials that were provided to stockholders. We will present all of the proposals. It is 8.03 Eastern Standard Time, and I now declare the polls open. The polls will be closed to voting after we describe the proposals presented for stockholder vote. Participating stockholders or proxy holders who have not yet voted are invited to submit their votes online on the virtual stockholder meeting site. Jacob, please review the proposals for action at the special meeting and then provide the preliminary vote totals.

Jacob Jankelowicz, Other

Thank you, Chuck. The first item of business is Proposal 1, which we call the Merger Proposal, to adopt the agreement and plan of merger dated as of November 6, 2025, by and among Aquarian Holdings 6, LP, Aquarian Beacon Merger Sub Inc., Aquarian Holdings LLC, and Bright House Financial. The Board of Directors has recommended that stockholders vote for this proposal. The next item of business is Proposal 2, which we call the Compensation Proposal, is the advisory vote to approve the compensation that may be paid or become payable to Bright House Financial's named executive officers that is based on or otherwise relates to the merger. The Board of Directors has recommended that stockholders vote for this proposal. The next item of business is Proposal 3, which we call the Adjournment Proposal, to approve the adjournment of the special meeting to a later date or dates, if necessary or appropriate, to solicit additional proxies if there are not sufficient votes to adopt the merger agreement. It has recommended that stockholders vote for this proposal. Questions submitted by stockholders, and I see that there are no questions presented by stockholders relating to the proposals. These are about to close, so if you have not yet voted, please do so.

Operator

I will hold the line for about 60 seconds to allow all stockholders to vote, and then we will close starting now.

Operator

Okay, I have about 20 seconds left. Okay. I'm monitoring the votes, and I see the votes that have come in.

Operator

Chuck, back to you.

C. Edward (“Chuck”) Chaplin, Chairman

Yeah, great. Thank you, Jacob. The time is now 8.07 a.m., Eastern Standard Time, and I declare the polls closed. Jacob, at this time, would you please present the preliminary report of the proxy vote?

Jacob Jankelowicz, Other

According to the preliminary report of the vote that was provided to me by the inspector of election, all proposals have passed in accordance with the recommendation of the board of directors. Specifically, proposal one, the merger proposal, proposal two, the compensation proposal, and proposal three, the adjourning proposal, have all been approved. Because the preliminary vote vote report indicates that the merger proposal has passed. We do not plan to adjourn the special meeting to solicit additional proxies. The final vote totals will be included in a Form 8K that we will file with the Securities and Exchange Commission within four business days following today's meeting.

C. Edward (“Chuck”) Chaplin, Chairman

Yes, the matters for a vote of the stockholders are now concluded. And on behalf of the Board of Directors, I'd like to thank you all for attending this special meeting. The meeting is concluded.

Operator

The conference is now concluded. Thank you for attending today's presentation and you may now disconnect.