Good morning, and welcome to the Yellow Corporation 2021 Annual Meeting of Stockholders. I would now like to introduce the first presenter, Matt Doheny, Chairman of the Board of Directors
I'm Matt Doheny, Chairman of the Board of Directors of Yellow Corporation. Welcome to our 2021 Annual Meeting of Stockholders. As we emerge from the COVID-nineteen pandemic, please also allow me to express my deep gratitude And thanks to our employees for their dedication and flexibility during this time of unprecedented uncertainty. Yellow is a critical part of the nation's economy with approximately 30,000 freight professionals, truckers that operate coast to coast with more than 300 terminals. Our employees were able to get the job done on a day to day basis throughout the crisis, working on the front lines and continuing to provide vital services to our customers and the country as a whole.
Yellow has once again demonstrated that it is a pillar of the American economy. I am so proud of everything that our team has accomplished in the face of this tremendous adversity. I would also like to express my most sincere gratitude to the member United States Congress for passage of the CARES Act last year as well President Trump, his administration and the United States Department of Treasury Under the able leadership of Secretary Steve Nimuechen, we're working very closely with Yellow to protect approximately 30,000 jobs to provide us the opportunity to continue to serve our customers, including our men and women in uniform, while also protecting the interest of the United States taxpayers. With that, today, I am joined by the following company officers: Darren D. Hawkins, the Chief Executive Officer and a fellow member of the Board of Dan Olivier, the Interim Chief Financial Officer Daryl J.
Harris, the President Leah K. Dawson, Executive Vice President, General Counsel and Secretary Jason T. Riggenberg, our Chief Information Officer Jason W. Bergman, our Chief Commercial Officer and James R. Faught, our Chief Accounting Officer.
In addition, I would also like to introduce the members of our Board of Directors who are in attendance on today's call. Douglas A. Cardi. Mr. Cardi is the Chairman of our Audit and Ethics Committee James E.
Hoffman Shauna D. Jones Governor, Susanna Martinez Governor Martinez is the Chairperson of our Governance Committee David S. McClymon, Patricia M. Nasmetz and Mrs. Nasmetz is the Chairperson of our Compensation Committee And finally, Chris T.
Steltemeier. Next, I would like to introduce the following representatives from our independent accounting firm KPMG, who will be available also to answer questions today. We have Mike Enns as well as Stan Beaver and Derek White. So with that, I now turn the floor over to Leah Dawson for a discussion of certain procedures for the meeting as well as the Secretary's report.
Thank you, Matt. I will now cover certain procedures for the meeting. Under the Materials tab on the bottom right corner of the web portal, You will find the agenda and the rules of conduct for the meeting. The rules of conduct were prepared to facilitate an orderly and informative meeting, and we will ask that all participants serve and abide by these rules. After the conclusion of the business portion of the meeting, questions will be entertained from stockholders.
Please submit any questions by typing them in the space provided in the web portal for today's meeting. Only stockholders of record or their proxies may submit questions. While we may not be able to answer every question, we will do our best to provide a response to as many as possible. On considerations for others, we will limit each stockholder one question during the 15 minute question and answer session. We do not give guidance or provide forward looking financial or other information during the question and answer session.
Notice of today's meeting has been duly given and product materials have been made available to our stockholders of record at the close of business on March 30, 2021. We have been provided with an affidavit by Broadridge, who is serving as the Inspector of Election, establishing that notice of this meeting has been duly given to each stockholder of record as of March 30, 2021. Broadridge also reports that stockholders owning at least a majority of the voting power entitled to vote at the meeting are present virtually or by proxy. Therefore, a quorum is present for today's meeting. A copy of the notice of meeting and such affidavit will be incorporated in the minutes of this meeting.
Thank you, Leah. On the basis of the report of the Secretary, I find that proper notice of this meeting has and duly given and that a quorum is present. Accordingly, I declare this meeting to be duly convened for purposes of transacting such business as may properly come before it.
The next order of business is a description of the matters voted on at today's meeting. Those matters are limited to the core proposals listed in the notice of the Annual Meeting of Stockholders. No other items have been properly brought before this meeting. 1, the first item is the election of 8 members of our Board of Directors serve until next year's Annual Meeting of Stockholders. The nominees under this proposal are Matthew A.
Doheny, Darren D. Hawkins James E. Hoffman Shawna D. Jones Governor Susana Martinez David S. McCliman, Patricia M.
Nagmetz and Chris T. Patricia M. Nagmet and Chris T. Sultemeyer. Information concerning the Director nominees' principal occupations, Their service within the company and other matters of interest relating to each are contained in the proxy statement.
The Board of Directors recommends that you vote for each director nominee. The second item of business is the ratification of the appointment of KPMG LLP as our independent registered public accounting firm for 2021. The Board of Directors recommends that you vote for ratification. The 3rd item of business is the advisory vote to approve named executive officer compensation. The Board of Directors recommends you vote for advisory approval.
The 4th item of business is the approval of the Yellow Corporation's 2020 The Board of Directors recommends you vote for approval of the 2020 employee stock purchase plan.
Thank you, Leah. It is now 10:0:7 a. M. Central Time. As there are no other matters for consideration, I declare the polls to be open and we will proceed with the voting of the matters presented at this meeting.
A summary of each item can be found in the proxy statement. Liam will review the voting procedures.
If a stockholder has not submitted a proxy or voted on the items properly before the meeting or if anyone who has previously submitted a proxy or voted would prefer to change his or her vote, you may do so now. You may vote by using the voting link voted in the web portal for today's meeting. Please note that if you vote more than once on any proposal, only your last vote will be counted. Stockholders who have sent in proxies or voted via telephone or the Internet and do not want to change their vote do not need to take any further action.
Okay. It is now 10:0:09 am Central Time, and everyone has had an opportunity to vote. Accordingly, the polls for voting and the matters properly brought before this meeting are hereby closed. Leah?
Thank you, Matt. The final vote totals on items properly brought before this meeting will be released after the inspector verifies and tabulates all of the votes and proxy. We will be reporting the final voting results in a Form 8 ks that will be filed within 4 business days of this meeting.
Okay. Thank you, Liam. This concludes the business portion of our meeting. There being no further business to come before the meeting, This annual meeting of stockholders here in 2021 is now adjourned. Leah?
At this time, we will seek to address stockholder questions that we have received, but only questions that are germane to the meeting will be addressed. Please note that we have allotted 15 minutes for the Q and A period and that each stockholder is limited to one question. I will remind you that we do not give guidance or It appears that no questions have been submitted for today's meeting. Matt?
Thank you, Leah. And Again, hearing no questions, that will conclude the 2021 program. And again, please allow me to express my best wishes to you and your families for you to stay happy and healthy. Thank you for attending Yellow Corporation's 2021 Annual Meeting of Stockholders. Thank you.