Thank you for standing by, and welcome to the Tile Shop Holdings Inc annual meeting. I will now turn the meeting over to Peter Kamin. Please go ahead.
Good morning, ladies and gentlemen. The 2025 annual meeting of the stockholders of Tile Shop Holdings is now called to order. I would like to extend a welcome to any stockholders attending this virtual annual meeting. Stockholders may submit questions at any time during this meeting in the space provided on the virtual meeting screen. During the annual meeting, we will address questions from stockholders pertaining to the proposals being considered at that time. Stockholder questions on other topics will be addressed following the formal portion of the meeting. My name is Peter Kamin. I am the Chairman of the Board of Directors of Tile Shop Holdings, and I will be serving as Chairman of this meeting.
In that capacity, I appoint Mark Davis, our Senior Vice President and Chief Financial Officer, to act as Secretary of the Meeting and Inspector of Election for votes submitted online during this virtual annual meeting. Broadridge Financial Solutions Incorporated will serve as Inspector of Election for proxies submitted other than at this meeting. The oath and report of the Inspector of Election will be filed with the minutes of this meeting. Also present online today are the following members of our Board of Directors: Cabell Lolmaugh, Chief Executive Officer; Mark Bonney; Deborah Glasser; Peter Jacullo III; and Linda Solheid. Also representing legal counsel is Jurgita Ashley of Thompson Hine, and from our auditor, Erin Peterson of RSM US LLP.
I have copies of the proxy statement and notice of intent of availability of proxy materials, and an affidavit of mailing from Broadridge Financial Solutions stating the copies of the notice for the meeting were mailed to each stockholder of record at the close of business on April 8, 2025, the record date for this meeting commencing April 11, 2025. These documents will be included with the minutes for this meeting.
According to the report of the Inspector of Election, we had 44,729,924 shares of common stock outstanding as of April 8, 2025, the record date, and 30,433,597 shares of common stock are represented at this meeting either virtually or by proxy. Because at least the majority of the outstanding shares of common stock are represented, there is a quorum. Therefore, this meeting is lawfully convened, and the polls for voting on all matters are hereby opened at this time. All stockholders entitled to vote at this meeting have the ability to do so online. If you are a stockholder entitled to vote and have not yet voted, or if you want to change your previously cast vote, please do so via the website used to access this meeting.
Please remember that if you have already voted by mailing in your proxy by telephone or online, it is not necessary to vote again. After voting has been completed on all matters on the agenda, we will close the polls, and the Inspector of Election will provide his preliminary report. The proxies solicited by the Board of Directors can be tallied at one time, even though they contain four matters for consideration, and the votes cast online today can be handled the same way. Accordingly, I intend to first briefly discuss each matter to be acted on at this meeting. At the conclusion of the discussion of all items, we will take the vote.
Since no stockholder nominations or proposals were properly filed in advance of this meeting, the business of the meeting is limited to the four matters identified in the notice of meeting and described in our proxy statement. The vote required for each proposal is described in the proxy statement. The first item of business is the election of Peter Jacullo III and Cabell Lolmaugh as Class 1 Directors to hold office until the 2028 annual meeting of stockholders. No nominations may be made at this meeting, so therefore I declare nominations to be closed. The second item of business is the ratification of the appointment of RSM US LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025. The third item of business is a proposal to approve on a non-binding and advisory basis named executive officer compensation.
The final item of business is a proposal to approve on a non-binding and advisory basis the frequency of the shareholder vote to approve the compensation of the company's named executive officers. Having reviewed the items of business before this meeting, are there any questions for the representative of RSM US LLP or any other discussion with respect to these items of business? Seeing no questions, we'll move on. The polls are about to close, so if you have not yet voted, please do so. The polls for voting on the matters before this meeting are now hereby closed. The following preliminary results are based upon votes cast prior to the start of the meeting. The final voting results will be included with the minutes of this annual meeting and publicly announced by way of a filing with the Securities and Exchange Commission.
First, each of the director nominees has been duly elected to the board. Second, the proposal to ratify RSM as the company's independent registered public accounting firm for the year ending December 31, 2025, has been approved. Next, the proposal to approve on a non-binding and advisory basis named executive officer compensation has passed. This advisory approval will be taken into consideration by the board and the compensation committee. Last, the board will take into consideration the voting results of the non-binding vote on the frequency of advisory votes on executive compensation, which resulted in the recommendation that shareholder input be sought on an annual basis. That concludes the business for the meeting. The meeting is now adjourned. I will now begin to respond to questions on other topics submitted during the annual meeting and invite you to ask any questions you may have regarding the company and its business.
Please follow the instructions provided on the virtual meeting screen to submit questions. Ladies and gentlemen, seeing as there are no questions, thank you for attending today's meeting.
This concludes today's meeting. You may now.