Thank you for attending the 2024 Annual Meeting of Stockholders of Qurate Retail. I will now turn the meeting over to the chairman of the meeting, Greg Maffei.
Good morning, and welcome to the 2024 Annual Meeting of Stockholders of Qurate Retail. I'm Greg Maffei, Chairman of the Board. I will act as chairman of this meeting. On behalf of the directors and senior officers of the company, I want to thank you for taking the time to attend this annual meeting. We appreciate your continued interest in Qurate Retail. At this time, I'd like to introduce the company's corporate secretary, Kate Jewell, who will act as secretary of this meeting and will say a few words about our 2024 annual meeting procedures.
Thank you, Mr. Chairman. To conduct this virtual meeting in an orderly fashion, we respectfully direct your attention to the rules of conduct for the meeting located on the virtual meeting portal. Only Qurate Retail stockholders are permitted to ask questions during the formal meeting. We thank you in advance for helping us conduct the 2024 annual meeting in an orderly fashion.
Thank you, Kate. We'll now proceed with the formal items of business. Chris Amero of American Election Services has been appointed to serve as the Inspector of Election. We are here today to vote upon each of the proposals described in the Notice of Annual Meeting and Proxy Statement. As the Inspector of Election tabulate the number of shares here today present via the virtual meeting portal or represented by proxy.
Mr. Chairman, based on information received from Broadridge and the Inspector of Election, shares of the company Series A Common Stock and Series B Common Stock, representing at least the majority of the aggregate voting power of such stock outstanding on the record date, are present via the virtual meeting portal or represented by proxy at today's meeting. Therefore, a quorum is present for this meeting.
Thank you, Kate. As reported, a quorum is represented here today, therefore, the annual meeting is formally called to order. Copies of the list of stockholders entitled to vote at this meeting and the Notice of Annual Meeting and Proxy Statement relating to the annual meeting are available on the virtual meeting portal. As stated in the Notice of Annual Meeting and Proxy Statement, stockholders will vote on three proposals, each of which will be described in turn. Proposal one, the election of directors proposal, is a proposal to elect Richard Barton, Dave Rawlinson, and myself to continue serving as Class II members of our board until the 2027 annual meeting of stockholders or our earlier resignation or removal. Our biographies can be found on pages 15, 16, and 17 of the proxy statement. The meeting is now open for any questions concerning the director nominees. Kate, please confirm.
We have not received any questions.
Mr. Chairman, we have not received any questions.
Proposal two, the auditor's ratification proposal, is a proposal to ratify the selection of KPMG LLP as our independent auditors for the fiscal year ending December 31, 2024. Stuart McMullan and Kristin Lund, partners with KPMG, are prepared to respond to appropriate auditing questions. Kate, please confirm. We have not received any questions for KPMG.
Mr. Chairman, we have not received any questions for KPMG.
Proposal three, the Say-on-Pay proposal, is a proposal to approve, on an advisory basis, the compensation of our named executive officers as described in the Proxy Statement under the heading Executive Compensation. The meeting is now open for any questions concerning the Say-on-Pay proposal. Kate, please confirm. We have not received any questions.
Mr. Chairman, we have not received any questions.
The voting requirements for each of the proposals are described in the proxy statement. The board of directors recommend that you vote for each nominee listed in proposal one and for proposals two and three. The time is now 9:04 A.M. on June tenth, 2024, and the polls are now open for voting on each of the proposals. If you desire to vote at this meeting, you can do so via the virtual meeting portal. If you have previously voted by proxy, you do not need to vote today unless you wish to change your vote. Kate, please confirm the virtual meeting portal is recording any votes.
Mr. Chairman, the virtual meeting portal has recorded any votes.
The time is now 9:04 A.M. on June 10, 2024, and the polls for voting on each of the proposals are now officially closed. Has the Inspector of Election tabulated the votes represented here and by proxy on each of the proposals?
Mr. Chairman, the Inspector of Election has completed the tabulation of votes and has certified that, based on preliminary results, the requisite number of shares has been voted in favor of the election of Mr. Barton, Mr. Rawlinson, and you, and in favor of proposals two and three.
Based on preliminary results, Mr. Barton, Mr. Rawlinson, and myself have been duly elected as Class II members of our board of directors, and Proposals 2 and 3 have been approved. This concludes the scheduled business as presented in the Notice of Annual Meeting and Proxy Statement. Is there any other business to properly come before this meeting? Kate, please confirm. We have not received any motions for other business.
Mr. Chairman, please allow me time to check for any other motions. Mr. Chairman, we have not received any motions.
At this time, I would like to adjourn the annual meeting. I would like to thank you for your attendance at this meeting and your continued interest in our company. The 2024 Annual Meeting of Stockholders is now adjourned.
Thank you, Mr. Chairman. That concludes the Qurate Retail Annual Meeting of Stockholders.
Thank you. All participants may now disconnect.