...So I'm Bill Ackman, Executive Chair of Howard Hughes. To my right, we've got Ryan Israel, CIO of Howard Hughes; David O'Reilly, CEO of Howard Hughes; and Joe Valane, our General Counsel and Secretary of the meeting. We're going to have a fun morning. We're going to start with kind of the official annual meeting. I'm going to read a script. And then we're going to have a presentation on kind of our plans for the company. David O'Reilly will give a presentation about sort of an update on the real estate operations of the business. Then we're going to go to a Q&A open forum, anything you want to ask. Okay. So good morning. Thank you for attending the 2025 Annual Shareholder Meeting. It's our 15th Annual Meeting. Thank you so much for joining us today. I met someone who came from Hong Kong, very grateful for people flying in, particularly 15 hours to come to the meeting. We'll have to make it worth your while. First item on the agenda is the election of directors, followed by three other proposals,...
