Texas Instruments Inc. (TXN) April 19, 2012 11:00 am ET Executives Joseph F. Hubach - Chief Compliance Officer, Senior Vice President, General Counsel and Secretary Richard K. Templeton - Chairman, Chief Executive Officer, President and Member of Special Committee PresentationJoseph F. Hubach
Ladies and gentlemen -- excuse me, ladies and gentlemen. We'll get started as soon as we're seated. I'd like to point out that in the event of an emergency, we have 3 emergency exits. One is to my right, across from the podium, and 2 along the back wall. Thank you. Mr. Chairman. Richard K. Templeton Joe, thank you. Good morning, everybody. The 2012 annual meeting of stockholders for Texas Instruments Incorporated is hereby called to order. I'm Rich Templeton, Chairman, President and Chief Executive Officer, and it is my pleasure to welcome you to this year's annual meeting. First, our agenda today is the election of directors followed by the consideration of 2 proposals, an advisory vote on executive compensation, or as it is more commonly known, say-on-pay, and the ratification of independent auditors. While the polls are open for voting on the directors and these proposals, I will review our strategic direction. The secretary's report on voting will then follow, after which questions or comments from the floor will be in order. If you would, please hold your questions or comments until that time as they may be covered during the course of the meeting. But before we begin, I want to introduce some special guests that are with us here today. First is Margaret McDermott and Mary McDermott Cook, wife and daughter of TI founder Eugene McDermott. Margaret and Mary, would you please either stand or wave to the audience, Margaret?