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As indicated in the proxy statement, four directors are nominated for three-year terms to expire in 2015. They are John McGillicuddy, Lydia Thomas, Mark Wrighton, and myself. Is there a motion to elect the individuals nominated? Is there a second to the motion? Is there any discussion concerning the election of the directors? There being no further discussion, we will proceed with the second item of the business, which is the non-binding vote to approve the compensation of Cabot's named executive officers. Is there a motion to approve the compensation of Cabot's named executive officers? Is there a second to the motion? Is there any discussion concerning this proposal? There being no further discussion, we will proceed with the third item of the business which is the approval of an amendment to the Cabot Corporation 2009 long-term incentive plan to increase by 2,454,000, the number of shares available for issuance. Is there a motion to approve the amendment to the Cabot 2009 long-term incentive plan? Is there a second to the motion? Is there any discussion concerning the proposal? There being no further discussion, we will proceed with the final item of business which is the ratification of the appointment of Deloitte & Touche as Cabot's independent registered public accounting firm for the 2012 fiscal year. Is there a motion to ratify the appointment of Deloitte & Touche as Cabot's independent auditors? Is there a second to the motion? Is there any discussion concerning the ratification? Is there any other business to properly come before this meeting? There being no further business, we will proceed with the voting of the items on the business. Any stockholder wishing to submit a proxy or vote in person is asked to raise his or her hand.Ashish will collect proxy cards and give ballots to stockholders voting in person. Has everyone voted who wishes to do so today? Then, I declare the polls closed, and ask the inspector to count and certify the votes.
I will now turn the floor over to Patrick Prevost, Cabot’s President and CEO, who will share his remarks about both the company’s fiscal 2011 performance and the outlook for the future. Patrick?Patrick Prevost – President and Chief Executive Officer Thank you very much, Jack, and good afternoon to all of you. On behalf of the executive management team and Cabot's 4,200 employees worldwide, I would like to welcome you to our 2012 Shareholder Meeting. Before I begin my remarks about the company’s state of affairs, I will remind you that today’s presentation will include forward-looking statements. These statements are subject to risks and uncertainties, including those discussed in our 2011 Form 10-K filing and our 10-Q filing for the first quarter of fiscal 2012. Copies of these filings are available on the company’s website. As I stand here today, it feels like I joined this great company just a few days ago. Time has been flying. And this is now the fifth time I have the privilege to share with you Cabot's annual state of affairs. I am proud to have led Cabot through a period of great change. Our progress to-date can best be described as just the beginning of a truly transformational journey. Read the rest of this transcript for free on seekingalpha.com