Key Takeaways
- Gmail and Yahoo now expect bulk senders to keep spam complaint rates under 0.1% and avoid ever crossing 0.3%, while authenticating with SPF, DKIM, and DMARC-non-compliance can tank your deliverability overnight.
- DKIM, DMARC, and SPF aren't just IT checkboxes; they're now core to B2B outbound and SDR strategy because they decide whether your cold emails even make it to a human being.
- Only 7.7% of the world's top 1.8 million email domains enforce DMARC at the strongest level (p=reject), leaving 92% still vulnerable to spoofing and impersonation-and at higher risk of provider throttling.
- Email doesn't directly impact Google rankings, but strong email credibility boosts engagement, branded search, and backlinks-all of which do move the SEO needle over time.
- B2B cold email benchmarks in 2025 show ~27.7% opens and 5.1% replies when deliverability is healthy; if your domain reputation suffers, those numbers collapse and so does pipeline.
- Using your main corporate domain for high-volume cold outreach is a common but dangerous mistake-smart teams use properly authenticated secondary domains and subdomains to protect brand and SEO while still scaling outbound.
- Bottom line: treat DKIM, DMARC, and deliverability as part of revenue and brand strategy, not just IT hygiene-and if you don't have in-house expertise, get a specialist like SalesHive to own it end-to-end.
In 2025, email credibility is no longer optional for B2B sales teams. Gmail and Yahoo now require SPF, DKIM, and DMARC, and expect bulk senders to keep spam complaint rates below 0.1% or risk aggressive filtering and rejections. At the same time, email still delivers an average ROI of around $36 for every $1 spent. This guide breaks down how DKIM, DMARC, and domain reputation impact your cold email, sales pipeline, and even your SEO footprint-and what your SDR team should do about it.
Introduction: Email Credibility Just Got Real
If you woke up in 2024 or 2025 and your outbound suddenly stopped working, you’re not alone.
Gmail and Yahoo quietly changed the game. They now expect senders-especially anyone sending thousands of emails per day-to authenticate with SPF, DKIM, and DMARC and keep spam complaints under roughly 0.1%, while avoiding 0.3% or higher altogether. Cross those lines and you don’t just get a few more bounces; you can see entire domains throttled or blocked.
At the same time, email is still an absolute workhorse. In 2025, an estimated 376 billion emails are sent and received every single day, and email marketing continues to deliver around $36 for every $1 invested-better ROI than almost any other channel. For B2B teams, email is still the backbone of pipeline.
The problem? Nearly half of global email traffic is spam, and inbox providers are sick of it. In 2023, about 45.6% of all email worldwide was classified as spam. On top of that, Business Email Compromise (BEC) scams have driven more than $55.4 billion in exposed losses over the past decade. So the filters are cranked up.
That’s where DKIM, DMARC, and-yes-SEO come in. This guide breaks down how modern email authentication works, what Gmail/Yahoo’s new rules really mean for your SDRs, and how email credibility quietly affects your brand’s discoverability and search footprint.
We’ll keep it sales‑friendly. No PhD in cryptography required.
1. Why Email Credibility Is a 2025 Survival Issue for B2B Outbound
The new inbox reality
Mailbox providers now assume you’re guilty until proven innocent.
When you send cold email today, especially at SDR scale, Gmail and Yahoo are asking:
- Is this sender authenticated? (SPF, DKIM, and DMARC)
- Is this traffic consistent with past behavior?
- Do recipients hate it? (spam complaints, deletes without opens)
- Does this sender look like the folks behind BEC and phishing?
If they don’t like the answers, your emails start hitting spam-or get rejected before they even reach a mailbox.
Starting in 2024, Gmail and Yahoo both published tougher sender guidelines. Highlights:
- All senders are expected to implement at least SPF or DKIM and keep spam complaints low.
- Bulk/high‑volume senders (Google calls this 5,000+ messages/day to Gmail) must:
- Authenticate with both SPF and DKIM.
- Publish a DMARC record.
- Ensure the From: domain aligns with either SPF or DKIM (DMARC alignment).
- Provide one‑click unsubscribe and honor it within two days.
- Keep spam complaint rates below ~0.10% and never hit 0.30%+.
That last number is the killer: 0.1% complaints means 1 spam complaint per 1,000 emails. SDR teams working from scraped lists can blow through that in an afternoon.
Fraud and filters: why providers are this strict
The crackdown isn’t arbitrary. Email remains the #1 vector for phishing and fraud, and BEC alone has produced more than $55.4B in exposed losses reported to the FBI’s IC3 between 2013 and 2023. Phishing and spoofing schemes accounted for nearly 300,000 complaints in 2023, with BEC losses around $2.9B that year alone.
From a provider’s point of view, your unauthenticated outbound sequence looks a lot like the stuff they’re trying to kill.
Deliverability benchmarks: where healthy B2B programs sit
Modern B2B benchmarks help frame what “good” looks like:
- Overall B2B email (mixed lists): ~98.16% delivery, 20.8% open, 3.2% CTR, 2.0% bounce, 0.08% unsubscribe.
- Cold B2B email: ~27.7% open, 5.1% reply, 7.5% bounce, 1.0% meeting‑booked rate.
If your numbers are way below that, or suddenly tanked around early/mid‑2024, odds are you don’t just have a “copy problem”-you have a credibility and infrastructure problem.
For sales leaders, that means DKIM, DMARC, and sender reputation aren’t IT trivia anymore. They’re upstream of your reply rates, meetings booked, and pipeline.
2. DKIM, DMARC & SPF 101 for Sales Leaders (Without the Jargon)
Let’s translate the alphabet soup into sales terms.
SPF: Who’s allowed to send as you
Sender Policy Framework (SPF) is basically a list in DNS that says, “Here are the servers and services allowed to send email for this domain.” If someone else tries to spoof your domain from an unauthorized IP, SPF should fail.
Why you care:
- If you use tools like HubSpot, Salesforce, Outreach, or a billing system, they need to be in your SPF record.
- Misconfigured or bloated SPF (too many includes, wrong IPs) can cause inconsistent passes and make providers suspicious.
Recent research across 12 million domains found that while SPF adoption is growing (about 56.5% of domains had SPF), a large chunk had misconfigurations or were so lax they allowed tens of thousands of IPs to send mail-essentially defeating the point.
DKIM: Cryptographic proof the email wasn’t tampered with
DomainKeys Identified Mail (DKIM) attaches a digital signature to each email. The receiving server checks that signature against a public key in DNS for your domain.
If the content or headers are modified in transit, or a spammer forges a message without the right private key, the signature fails.
Why you care:
- Many modern ESPs require DKIM to be set up for good deliverability and to pass Gmail/Yahoo’s bulk sender rules.
- If DKIM intermittently fails (bad rotation, middleboxes rewriting content), some percentage of your mail can get quarantined or spam‑foldered, even if SPF is fine.
DMARC: The policy and reporting layer
Domain‑based Message Authentication, Reporting & Conformance (DMARC) sits on top of SPF and DKIM. It lets your domain publish a policy that says, in effect:
> “Only accept messages that pass SPF or DKIM and align with my domain. If they fail, here’s what to do: do nothing, quarantine, or reject.”
The three main DMARC policies:
- `p=none`, Monitor only; don’t block anything.
- `p=quarantine`, Treat failures suspiciously (e.g., spam folder).
- `p=reject`, Block failures outright.
DMARC also lets receivers send you aggregate reports, showing which IPs and services are sending mail “as you,” and whether they’re passing authentication.
Why you care:
- Governance: DMARC tells you who’s actually sending using your brand, including forgotten tools, old agencies, or outright attackers.
- Deliverability: While DMARC isn’t a magic inbox pass, mailbox providers explicitly recommend it and now require a DMARC record for many bulk senders.
The adoption gap (and why it matters to sales)
Despite the stakes, DMARC adoption is still lagging:
- Among the world’s top 1.8 million email domains, DMARC adoption grew from 27.2% to 47.7% between 2023 and 2025, but only 7.7% use the strongest enforcement (p=reject).
- That means 92% of major domains are still not fully protected against spoofing and abuse.
For your SDR program, that has two big consequences:
- You’re easier to impersonate. Attackers can send “from” your domain, damaging trust with prospects and customers.
- Providers see you as less serious. Strong DMARC enforcement (quarantine/reject) plus consistent authentication is increasingly treated as a trust signal-especially when paired with BIMI.
3. From Deliverability to Discoverability: How Email Credibility Touches SEO
Let’s address the elephant in the room: email is not a direct Google ranking factor. Google isn’t reading your inbox to decide where to rank you.
But email credibility does impact several things that DO move the SEO needle-especially for B2B brands that rely on thought leadership and long sales cycles.
3.1 Domain reputation and blacklists spill into everything
When your outbound program goes off the rails-high spam complaints, unauthenticated sends, compromised accounts-several bad things can happen:
- Your domain or sending IP can land on blocklists used by ISPs, security gateways, and corporate filters.
- Browsers, security tools, and corporate IT may start flagging your links as suspicious.
- Your everyday email (customer success, invoices, proposals) starts hitting spam.
None of that directly adjusts your organic rankings, but it absolutely affects how many people can successfully interact with your site and content. Fewer people see your proposals, your newsletters, your onboarding sequences-everything that normally feeds reviews, backlinks, and positive brand signals.
And if a serious security incident occurs (e.g., customers burned by spoofed invoices), you’ll take a brand reputation hit that can show up in lower CTR on search results and reduced willingness to link to or share your content.
3.2 Email → engagement → SEO
Healthy, credible email programs are one of the most efficient ways to promote content and build the kinds of signals SEO cares about:
- More branded search. When recipients like your emails, they Google your company later from a different device or share your brand internally. Branded search growth is widely considered a sign of brand strength and is associated with better SEO outcomes.
- Better on‑site engagement. Email traffic tends to stick around longer and bounce less than random organic traffic, which sends positive engagement signals to search engines.
- More backlinks. When you promote genuinely useful guides, reports, or tools via email, recipients (bloggers, journalists, partners) are more likely to reference and link to them-which is still the strongest direct SEO factor we’ve got.
If your emails never make it to the inbox because DKIM/DMARC is broken or your domain is in the doghouse, you’re cutting off one of the most controllable inputs into your organic growth engine.
3.3 BIMI, logos, and brand lift
BIMI (Brand Indicators for Message Identification) is where email security and marketing literally share a logo.
BIMI lets you display a verified brand logo in supported inboxes (Gmail, Yahoo, Apple Mail, etc.)-but only if you have:
- Strong SPF and DKIM, and
- DMARC at enforcement (quarantine or reject).
Studies have shown:
- Open rates increasing by ~21% in the US and 39% in the UK when logos are displayed alongside emails.
- Yahoo’s BIMI pilots reported around a 10% lift in engagement.
More opens → more traffic → more engagement → more brand searches and backlinks. Over time, those are the exact signals SEO thrives on.
So no, “having DMARC” won’t suddenly rank you #1 for your dream keyword. But running a credible, authenticated, high‑engagement email program makes it much easier to grow the brand strength Google clearly favors in 2025.
4. The New Gmail/Yahoo Rules and What They Mean for SDR Teams
You don’t need to become an email engineer, but you do need to understand the new lines you can’t cross.
4.1 The key thresholds
Across documentation and ESP summaries, Gmail/Yahoo’s practical thresholds look like this:
- Spam complaints (as seen in Google Postmaster Tools):
- Aim for < 0.10%.
- Avoid ever hitting 0.30%+.
- Authentication requirements:
- All senders: SPF or DKIM.
- High‑volume/bulk senders (5,000+ emails/day to Gmail): SPF and DKIM, plus a DMARC record.
- Alignment: For direct mail, the From: domain must align with either the SPF domain or the DKIM signing domain to pass DMARC.
- Unsubscribe: Bulk marketing mail must support one‑click unsubscribe in both header and body, and you must honor it within two days.
These rules are enforced gradually-temporary failures, soft bounces, then outright rejections-but B2B senders have already seen domains suddenly start bouncing 100% of traffic to Gmail/Yahoo when they fail authentication.
4.2 Why this hits outbound SDR programs especially hard
SDR teams are uniquely exposed because they:
- Send cold messages (higher natural complaint rates).
- Often stitch together multiple tools (CRM, sales engagement, marketing automation) that each send mail.
- Frequently use shared templates that prospects have seen a thousand times.
It doesn’t take a 100‑seat SDR team to trip bulk‑sender flags. A handful of reps each sending a few hundred emails a day, plus automated lifecycle email from marketing, can easily push a domain into “bulk sender” territory for Gmail/Yahoo.
Once that happens, the rules kick in whether you were ready or not.
4.3 What happens when you don’t comply
If you’re out of compliance-no DMARC, flaky DKIM, high spam complaints-you’ll see some combination of:
- Soft bounces (temporary failures with cryptic messages about unauthenticated mail).
- Hard bounces or explicit rejections.
- Huge drops in inbox placement (delivered but in Spam/Promotions).
- SDRs saying “Reply rates fell off a cliff,” even though they’re “still sending the same volume.”
That’s not a copy issue; that’s providers quietly slamming the brakes.
For leadership, the takeaway is simple: your outbound channel is now regulated, informally, by Google/Yahoo’s sender policies. Treat those like a compliance requirement, not a suggestion.
5. A Practical Deliverability Playbook for B2B Outbound in 2025
Here’s how to build an outbound motion that hits the inbox, protects your main domain, and supports your broader SEO and brand goals.
5.1 Get your domain strategy right
Don’t blast cold from your primary corporate domain. Instead:
- Keep `yourcompany.com` for core comms: customers, partners, hiring, legal notices, etc.
- Use secondary domains or subdomains for cold and semi‑cold outreach, e.g.:
- `yourcompany.co` or `yourcompany.io`
- `outreach.yourcompany.com`
- `hello.yourcompany.com`
Make them clearly related to your brand (not shady throwaways), and apply the full authentication stack (SPF, DKIM, DMARC) to each.
If something goes sideways-bad vendor, poor list, an SDR goes rogue-you can retire or rotate that outreach domain without burning your main.
5.2 Nail SPF, DKIM, and DMARC for every sender
For each domain and subdomain:
- SPF, Include every legitimate sending platform and keep the record clean (no `+all`, minimize nested includes).
- DKIM, Generate keys per platform, publish the TXT records, and confirm that messages show “DKIM=pass” for the correct domain in Gmail’s “Show Original” view.
- DMARC, Start with `p=none; rua=...` to gather reports, fix legitimate senders, then move to `quarantine` and finally `reject` once you’re confident.
Remember: Google’s bulk sender rules only require DMARC to exist and align-not necessarily at p=reject-but enforcement is where you actually stop spoofing and unlock BIMI.
5.3 Warm your domains like you’d ramp a new SDR
New domains and cold IPs look risky. Warm them up:
- Start with low volume (20-30 emails/day per mailbox), ramping 10-20% every few days.
- Mix in high‑engagement sends (to internal accounts, friendly customers, or engaged lists).
- Monitor opens, replies, bounces, and spam complaints; pause or slow down if anything spikes.
This is where platforms like SalesHive’s AI‑driven deliverability suite shine. Their system automates domain warming, throttles volume intelligently, and tests spam placement before your SDRs ever go full throttle-so you’re not guessing.
5.4 Fix your list and targeting before you blame the filters
You can’t SPF your way out of a bad list.
Given that nearly half of global email is spam and B2B cold benchmarks show 7-8% bounce rates even on decent lists, you simply can’t afford scraped or outdated data.
Practical moves:
- Build to ICP, not volume: use firmographic and technographic filters, plus intent data where possible.
- Verify emails before sending, especially for older lists.
- Segment by persona and stage so messaging feels relevant, not generic.
SalesHive’s list building services lean heavily on this: tight ICP definitions, validation, and enrichment before a single cold email goes out. That’s how you keep bounce and complaint rates inside Gmail/Yahoo’s safe zone while still hitting aggressive meeting goals.
5.5 Reduce spam complaints by design
Remember, Gmail is watching that 0.1-0.3% complaint window. So design your outbound motion to be hard to “Report Spam.”
Tactics that work:
- Hyper‑relevant subject lines and first lines. SalesHive’s eMod AI, for example, rewrites templates with prospect‑specific details, which has been shown to triple response rates versus generic copy. Higher relevance also reduces the “this feels spammy” reaction.
- Real sender names and consistent branding. People are less likely to nuke something that clearly looks like a real person at a real company they’ve heard of.
- Easy, honored opt‑outs. Yes, even in cold email. If they can cleanly say “no thanks” and you respect it, they’re far less likely to hit the spam button.
- Reasonable cadences. Hammering someone with 8 follow‑ups in 10 days is a great way to accumulate complaints.
5.6 Add BIMI once DMARC is enforced
Once your main marketing domain is at DMARC enforcement (`quarantine` or `reject`), BIMI should be on your roadmap:
- Work with brand/legal to secure a Verified Mark Certificate (VMC) if required.
- Publish BIMI records pointing to your official logo.
- Test across Gmail, Yahoo, and Apple Mail.
The impact isn’t theoretical; multiple studies and pilots have shown open rate lifts from 10% up to the high 30s when logos are present. For B2B, that can be the difference between your product update email getting ignored vs. kicking off a renewal conversation.
5.7 Monitor like a revenue channel, not an IT system
Finally, build a lightweight deliverability dashboard that sales leadership can see weekly, including:
- Spam complaint rate by domain and campaign.
- Inbox vs. spam placement for key mailbox providers.
- Domain reputation (via tools like Google Postmaster).
- DMARC enforcement status for each domain.
If those numbers start drifting, you want to know before the pipeline graph tells you the same story a month later.
6. How This Applies to Your Sales Team
Let’s bring this down from theory to actual SDR life.
6.1 Pipeline math: a small deliverability hit hurts more than you think
Take a simple cold email funnel using the 2025 benchmarks:
- 100,000 emails/month
- 98% delivered → 98,000 inboxed
- 27.7% opens → ~27,146 opens
- 5.1% replies → ~1,384 replies
- 1.0% meetings booked → ~1,000 meetings
Now imagine your deliverability quietly drops from 98% to 90% because DMARC broke or Gmail’s spam threshold got triggered:
- 90,000 inboxed (down 8,000)
- 27.7% opens → ~24,930 opens
- 5.1% replies → ~1,271 replies
- 1.0% meetings → ~900 meetings
That’s 100 meetings gone, with zero change to copy or SDR effort. If your average opp is $20K and you close 20%, that’s ~$400K in pipeline that never had a chance-all because of credibility issues the team couldn’t see.
6.2 SDR workflow and behavior changes
To adapt, SDRs and managers need to:
- Respect domain guardrails. No spinning up random tools or from‑addresses without going through whoever owns SPF/DKIM/DMARC.
- Own quality over volume. Chasing vanity send counts is now dangerous; the marginal value of the 400th low‑fit email is tiny compared to the risk of a spam complaint.
- Collaborate with Marketing. Use nurture content, webinars, and resources in your sequences so emails are worth reading, not just thin pitches. That’s good for engagement and the SEO flywheel.
- Watch complaint signals. When a specific angle or list starts generating angry replies or unsubscribes, that’s a warning light.
6.3 Leadership and RevOps responsibilities
Revenue leaders should:
- Make deliverability KPIs (complaints, inbox rate) part of the same operating rhythm as pipeline and win rates.
- Give SDRs properly warmed, authenticated domains rather than letting them fend for themselves.
- Align with IT/Security on a clear domain and DMARC strategy so outbound, marketing, and transactional mail don’t trip over each other.
This is also where a specialist partner like SalesHive is valuable. Because their platform includes domain setup, DKIM/DMARC/SPF management, AI warming, and deliverability testing, SDRs and sales leaders can focus on messaging and conversations while the technical guardrails quietly run in the background.
Conclusion + Next Steps
In 2025, email credibility is no longer a back‑office consideration-it’s a frontline revenue issue.
Gmail and Yahoo’s authentication and spam‑rate rules have effectively turned DKIM, DMARC, and domain reputation into hard requirements for anyone serious about outbound. At the same time, email still drives industry‑leading ROI and is a key driver of branded search, content engagement, and the broader SEO signals that help B2B brands win the SERP.
For sales teams, the playbook is clear:
- Protect your core domain and push cold email to authenticated, warmed secondary domains.
- Get SPF, DKIM, and DMARC right for every sending source, then move DMARC to enforcement over time.
- Monitor spam complaints and inbox placement like core SDR KPIs.
- Invest in relevance and personalization so prospects find your emails worth opening instead of marking them as spam.
- Leverage BIMI and brand consistency once the basics are solid, to stand out in crowded inboxes.
If you don’t have the in‑house muscle to do all of that, don’t wing it. Work with a specialist who lives and breathes outbound deliverability. At SalesHive, we’ve built an AI‑powered platform and SDR service around exactly these constraints-so you can scale cold calling and email outreach with confidence that your domains, your brand, and your future SEO upside are protected.
Email isn’t going anywhere. The only question is whether your emails are the ones that actually make it to the inbox-and then to the pipeline.
Expert Insights
Treat DKIM/DMARC as Revenue Infrastructure, Not Just Security
If your DKIM or DMARC breaks, your SDRs don't just get a few more bounces-their entire outbound motion can get silently throttled. Sales leaders should own a simple deliverability dashboard alongside pipeline reports: DMARC policy, spam complaint rate, and inbox vs. spam placement for key segments. When you treat authentication like CRM uptime, you stop losing meetings to invisible technical debt.
Use Domain Strategy to Protect Both Brand and SEO
Blasting cold email from your core website domain is a great way to poison the well. Instead, use well-branded secondary domains or subdomains (e.g., outreach.yourbrand.com) with proper SPF, DKIM, and DMARC alignment, and warm them up gradually. Your main domain stays clean for customer comms and SEO, while your SDRs still get reach and scale.
Monitor Spam Complaint Rate Like a Core SDR KPI
Gmail and Yahoo are explicit: keep spam complaints below ~0.1% and never hit 0.3%. That makes complaint rate just as important as reply rate and meetings booked. Build it into SDR coaching-tight targeting, relevant messaging, and fast honoring of opt-outs-all of which also improve conversion and brand perception.
Leverage BIMI and Strong DMARC to Visibly Signal Trust
If you've already invested in DMARC enforcement, adding BIMI so your logo shows in the inbox is low-hanging fruit. Studies show logos can drive double-digit lifts in open and click-through rates in some markets, while making it harder for spoofers to impersonate you. That's especially valuable when your SDRs are emailing executives who live in noisy inboxes.
Connect Email Performance to Branded Search and Content SEO
High-quality email programs drive more branded search, content consumption, and backlinks over time-key SEO signals. When SDRs and marketing send value-dense content instead of pure pitches, prospects Google you, share your resources, and link back. That's how a credible email program quietly supports domain authority, even if email itself isn't a ranking factor.
Action Items
Audit all sending domains and tools for SPF, DKIM, and DMARC
List every platform that sends email on your behalf (marketing automation, CRM, sales engagement, billing, support) and verify each is properly authenticated and aligned. Close any gaps before you scale cold outreach further.
Move from DMARC monitoring (p=none) to enforcement (quarantine/reject)
Turn on p=none to collect reports, fix legitimate senders, then gradually increase the DMARC policy from none → quarantine → reject while monitoring impact on deliverability and spoof attempts.
Redesign your domain strategy for outbound SDR email
Register one or more branded secondary domains or subdomains dedicated to cold outreach. Configure SPF, DKIM, DMARC, and domain warming on these identities before your SDRs send more than a few dozen emails per day.
Implement spam-rate and complaint-rate guardrails in SDR ops
Use tools and ESP dashboards to track spam complaints per campaign and per domain. If a stream crosses 0.1% complaints or starts trending toward 0.3%, throttle volume, tighten targeting, and fix messaging before continuing.
Layer BIMI on top of strong DMARC for your main brand domain
Once your primary domain has DMARC at enforcement, work with your security/IT team or a partner to publish BIMI records and obtain a Verified Mark Certificate if needed. Roll it out on core marketing and lifecycle mail first.
Tie email engagement metrics to SEO and brand KPIs
Track how email-driven traffic behaves on site (time on page, bounce, conversions) and how branded search volume changes as you improve email credibility. This helps justify further investment in deliverability and authentication.
Partner with SalesHive
When you hire SalesHive for SDR outsourcing, cold calling, or email outreach, you’re not just renting reps-you’re plugging into a deliverability engine. Our platform automatically sets up and manages authenticated sending domains, runs AI‑driven domain warm‑up, throttles volume to stay within safe complaint thresholds, and continuously tests inbox placement across providers. That means your SDRs spend their time talking to prospects, not fighting spam folders.
On top of that, SalesHive’s eMod technology personalizes cold emails at scale, using AI to research each prospect and rewrite your templates with relevant details. This level of relevance doesn’t just triple response rates-it also reduces spam complaints and reinforces your sender reputation over time. Combine that with accurate list building and a US‑based or Philippines‑based SDR team, and you get outbound programs that are technically compliant, brand‑safe, and relentlessly focused on booking the next qualified meeting.