Welcome To The 2020 Annual Meeting For Spirit Airlines. Our host for today's call is Mac Gardner, Chairman. At this time, all participants will be in a listen-only mode. I will now turn the call over to your host. Mr. Gardner, you may begin, sir.
Thank you very much. Good morning. I'm Mac Gardner, Chairman of the Board of Spirit Airlines. On behalf of the directors, officers, and team members, I'm pleased to welcome you to the Spirit Airlines 2020 Annual Meeting of Stockholders. This virtual meeting has been designed to ensure that our shareholders, using the 16-digit control number included in their Notice of Internet Availability of Proxy Materials, Proxy Card, or Voting Instructions Card, are provided the same rights and opportunities to participate as they would in an in-person meeting. The meeting will follow the agenda displayed on the Virtual Shareholder Meeting site at www.virtualshareholdermeeting.com/SAVE2020. An audio feed of this meeting is being recorded, and a replay will be available within 24 hours after the end of the meeting, and will be posted on the Investor Relations section of our website for the next 30 days.
I'd like to introduce the other members of the board who are here with us today: Ted Christie, who is also our President and Chief Executive Officer; Carl Donaway; Mark Dunkerly; Bob Johnson; Barclay Jones; Christine Richards; Myrna Soto; and Don Zayer. We also have the following company officers joining us today: John Bendoraitis, Executive Vice President and Chief Operating Officer; Matt Kline, Executive Vice President and Chief Commercial Officer; Thomas Canfield, Senior Vice President, General Counsel, and Secretary; Scott Harrelson, Senior Vice President and Chief Financial Officer; Bobby Schroeder, Senior Vice President and Chief Marketing Officer; Laurie Vea, Senior Vice President and Chief Human Resources Officer; Rocky Wiggins, Senior Vice President and Chief Information Officer; and John Kirby, our Vice President of Network Planning.
I'd also like to introduce Andy Soucheret of Ernst & Young, as well as Eric Jurgens from Davis Polk & Wardwell, who are also on the line with us today. Before I call the meeting to order, on behalf of the board of directors, I'd like to thank the Spirit family for your dedicated service during these unprecedented times. Managing through the current health crisis is not an easy task, and your hard work and commitment to our airline and our guests has had an incredible positive impact. Your dedication has never been more important than now. I thank you for what you do each and every day. On the more recent events, this is a painful time for our country. Racism and all forms of discrimination should have no place in any aspect of today's society.
To that end, I'm pleased to announce that Spirit has committed to provide $250,000 in flights to civic organizations promoting human and civil rights. We will continue to promote diversity and inclusion throughout our company and will always stand against injustice. The meeting will now officially come to order. We will proceed with the formal business of the meeting as set forth in your Notice of Annual Meeting of Stockholders and Proxy Statement. During this meeting, we'll entertain discussions solely on matters properly brought before the meeting pursuant to the applicable SEC rules and the company's amended and restated bylaws. Thomas Canfield, our Senior Vice President, General Counsel, and Secretary of the Company, will serve as the Secretary of this meeting.
Pursuant to the meeting rules of conduct and procedure, which you can find on the Virtual Shareholder Meeting site, shareholders or their proxy holders will be able to electronically ask questions during the meeting using the online prompt at the bottom of the screen. Subject to the same meeting rules of conduct and procedure, we will address relevant questions at the end of the meeting. Will the Secretary please report at this time with respect to the mailing of the Notice of the Meeting and Stockholders List?
I have at this meeting a complete list of the stockholders of record of the company's common stock at the close of business on April 20, 2020, the record date for this meeting. I also have an affidavit of Broadridge Financial Solutions Inc., our proxy solicitor, certifying that commencing on April 29, 2020, the Notice of Annual Meeting of Stockholders of the Company was mailed and deposited with the United States Post Office to all stockholders of record at the close of business on April 20, 2020. At this time, I'd like to introduce James Raitt of American Election Services LLC, who has been appointed to act as Inspector of Election at this meeting, representing Broadridge Financial Solutions Inc., and is on the line with us today. Mr. Raitt has taken and subscribed a customary oath of office to execute his duties with strict impartiality.
We will file this oath with the records of the meeting. His function is to decide upon the qualifications of voters, accept their votes, and, when balloting on all matters is completed, to tally the final votes.
Will the Secretary please report at this time with respect to the existence of a quorum?
I've been informed by the Inspector of Election that proxies have been received for $56,075,410 of the $68,539,976 shares of voting common stock outstanding on the record date, which represents approximately 81.81% of the total number of outstanding voting shares. This constitutes a quorum for the meeting today, and we may now carry out the official business of the meeting.
Thank you. We will now proceed with the formal business of this meeting. There are three proposals to be considered by the stockholders at this meeting.
The time is now 9:06 A.M. on Tuesday, June 16, 2020, and the polls are now open for voting on all matters to be presented. Polls will be closed to voting after we go through the matters to be voted on. Participating shareholders or proxy holders who have not yet voted are invited to submit their votes online on the Virtual Shareholder Meeting site. Each share of common stock is entitled to one vote.
The first item of business is the election of the Class 3 directors to serve until the 2023 Annual Meeting or until their successors are elected or until their death, resignation, or removal. The nominees for Class 3 directors are Edward M. Christie III, Mark B. Dunkerly, and Christine P. Richards. The second item of business today is the ratification of the selection by the Audit Committee of the Board of Directors of Ernst & Young LLP as the independent registered accounting firm of the company for the fiscal year ending December 31, 2020. The third and last item of business today is an advisory vote on the executive compensation of the company's named executive officers, as disclosed in our proxy statement. The stockholders have been asked to vote on an advisory basis on the following resolution. Would the Secretary please read the resolution?
Resolved that the stockholders approve on a non-binding advisory basis the compensation of the company's named executive officers, as disclosed in the compensation discussion and analysis, the accompanying compensation tables, and the related narrative disclosure in the proxy statement.
That was the final proposal for today's meeting. I will now ask the Secretary to please close the polls.
The time is now 9:08 A.M., and the polls are now closed for voting.
Mr. Secretary, please present the preliminary report prepared by the Inspector of Election to tally the results of the voting. May we have the result of the voting?
The preliminary report of the Inspector of Election covering the proposals presented at this meeting is as follows. The proposal to elect Edward M. Christie III, Mark B. Dunkerly, and Christine P. Richards as Class 3 directors of the company is carried, with each director receiving four votes from at least 95% of the shares voted. The appointment of Ernst & Young LLP as independent auditors for the fiscal year ending December 31, 2020, is ratified with at least a majority of the shares voting, and the compensation paid to the company's named executive officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission in the compensation discussion and analysis, compensation tables, and any related information disclosed in the proxy statement, is hereby approved on an advisory basis with at least a majority of the shares voting.
Thank you. A full and final tally of the votes will be published in a current report on Form 8-K, which will be filed with the Securities and Exchange Commission within the next four business days. This concludes the formal portion of today's meeting. After adjournment, Ted Christie, our President and Chief Executive Officer, will provide a brief statement and, along with other members of senior management, will entertain appropriate questions and comments, if any, from stockholders. Thank you for your support of Spirit Airlines. The meeting is adjourned. Ted, please go ahead.
Thank you, Mr. Chairman. I'd like to take this moment to acknowledge and thank our Spirit family. Over the past few months, our industry has been struck by the worst health crisis of our lifetime, and our Spirit family has taken it all in stride, quickly adapting and continuing to demonstrate our values of safety, service, savvy, and style throughout this pandemic. This team continues to provide a great guest experience throughout each journey, every day. If you recently traveled, you've no doubt seen this firsthand. We're also impacted by an overlapping crisis prompted by violence against members of the African American community. We believe it is necessary for us, as members of this society, to emphatically say no to racism and bigotry of any kind.
As our Chairman mentioned earlier, to help support social change, Spirit has committed to providing $250,000 in flights to civic organizations promoting human and civil rights. Social change is a process to which we can all contribute. Together, we will learn what more we can do to drive meaningful and long-lasting impact. To our Spirit family, I say thank you for being a positive force in the world, for continuing to care for each other and our guests, for your commitment to meeting the challenges ahead, and for your focus and dedication to run a safe airline. I am incredibly proud of you all. Thank you.
Thank you, Ted. Secretary, are there any questions from our shareholders?
Yes, we have received at this point one question during today's meeting, and we'll now take a moment to have a look at it. We'll be back in a moment with answers or comments.
Okay, this is Ted Christie. We're back. We have a question regarding whether or not the company has considered purchasing Boeing aircraft and regarding American purchases around aircraft.
The answer is, last year, the company signed a purchase agreement with Airbus to increase our order with Airbus for an additional 100 aircraft. During the course of the prior two years, we ran a very in-depth RFP process that included Boeing. While both providers, both Boeing and Airbus, presented very compelling and competing offers, we elected to continue our relationship with Airbus. It's an interesting fact that the vast majority of Spirit's deliveries of Airbus equipment come from the Mobile Assembly Plant in Mobile, Alabama, where they are assembled here on U.S. soil. The vast majority or the majority of the parts in an Airbus airplane are of U.S. manufacture as well. We are thrilled with our partnership with Airbus and looking forward to continuing that in the future.
With that, we will conclude this meeting. Thank you all very much for your participation. Have a great day.