Annual General Meeting Transcript - HASI 2026-06-03

Operator

Good morning, and welcome to the 2026 HA Sustainable Infrastructure Capital Incorporated Annual Shareholder Meeting being conducted via webcast. At this time, I would like to introduce Mr. Jeffrey Echel, Chair of the Company's Board of Directors and Chair of this meeting. Please proceed, sir.

Jeffrey Eckel, Chairman

Thank you. Good morning. Welcome to our 2026 Annual Meeting of Stockholders via Webcast, which is now formally called to order. We're pleased to have each of you in attendance today. I hereby declare that the polls are now open at 9 30 a.m. on June 3rd, 2026 on all three proposals set forth in our proxy statement. If you haven't voted by proxy already, I encourage all stockholders attending this meeting via webcast and who have their control numbers from their proxy cards to vote now by pressing the blue vote here link on your screen and following the instructions provided. I also ask that you all please note the order of business and the rules of conduct provided in the meeting materials posted on the annual meeting site. Immediately following the formal portion of this meeting our CEO Jeff Lipson, our CFO Chuck Melko, and I will welcome any questions you may have about HACI. This brings us to the next item on the order of business which is the determination of a quorum as defined by the bylaws of the company. Ms. Secretary, do we have a quorum?

Speaker 2

Yes, we have a quorum. We are informed by the Inspector of Election that preliminarily 113,908,030 shares of common stock are represented in person or by proxy. This represents a quorum under the bylaws.

Jeffrey Eckel, Chairman

That's a lot of shares. Thank you. I hereby declare that quorum is present. Our next items, our next item on the order of business this morning will be to present the proposals to be considered, collect the votes, and then receive a preliminary report from the Inspector of Elections about the results. There are three proposals to be voted on by the stockholders which are set forth in detail in the Notice of Annual Meeting and the Proxy Statement. While the proposals are being presented, stockholders may submit questions on these proposals by typing in them in the ask a question box in the virtual meeting website. The first proposal is the election of the 10 director nominees named in our proxy statement. I have to note that this is the first time in our 13 years as a public company that we don't have Rich Osborne and Chuck O'Neill on the ballot as directors. Their contributions to the growth of HACI as founding directors cannot be overstated. I thank them for their service and wish them all the best with their newly found free time. The second proposal is the ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm for fiscal year ended December 31, 2026. The third proposal is the non-binding advisory approval of our executive compensation. The proposals have now been properly brought before the meeting and under the bylaws no one else can be nominating nominated as a director during the meeting and no other proposal can be made during the meeting.

Speaker 3

Do we have any questions?

Jeffrey Eckel, Chairman

Now that everyone has had an opportunity to vote I hereby declare the polls are now closed at 9.04 or 9.33 on June 3 2026. Ms. Secretary please report on the vote. Mr. Chairman we've been informed by the inspector of election that the preliminary vote report shows that the proposals one through three have been approved we will be reporting the final vote results in a form 8k to be filed within four business days thank you i hereby declare that proposals one through three have been approved that completes our formal business for today accordingly the meeting is now adjourned thank you very much i now ask jeff lipson and chuck melko to join me to answer any questions about our recent results of operations. Thank you all for attending our meeting today.

Speaker 3

There are no active questions. Again, thank you all for attending our meeting. The meeting has now concluded. Thank you for your participation, and have a great day.