Good morning and welcome to the 2025 Annual Meeting of Stockholders of Ascent Industries. I'm Ben Rosenzweig, Chairman of the Board of Directors of Ascent, and I now call this meeting to order. Before proceeding to the business of the meeting, I'd like to recognize the officers of the company and members of the Board of Directors who are present at this meeting: Ryan Kavalauskas, Brian Kitchen, Chris Hutter, Aldo Mazzaferro, Henry Guy, and John Showerman. Also attending today's meeting is Kimberly Portnoy, the company's general counsel. Ms. Portnoy will serve as the secretary of this meeting. We'll now conduct the formal portion of our annual meeting. Please bear with me as I cover a few formalities.
I received an affidavit attesting to the fact that, beginning on or about April 30th, 2025, proxy materials were made available electronically or mailed to all stockholders of record as of the close of business on April 16, 2025, the record date for this meeting. As of the close of business on the record date, there were 10,034,875 shares issued and outstanding and entitled to vote. I've been advised that there are, represented at this meeting, either present at the virtual meeting or by proxy, holders of at least the majority of the outstanding shares of common stock. Therefore, a quorum is present for the transaction of business at this meeting. In a moment, I'll introduce the three items submitted to stockholders for approval. If you've not already voted by proxy, you may vote electronically at this meeting.
Please use the online voting tool to vote at any time before the closing of the electronic voting. Mr. Victor Lutessa has been appointed to act as the inspector of election with respect to all matters to be voted upon at the meeting or any adjournment thereof. He has signed an oath of office, which will be filed with the minutes of this meeting. We will now take up the business of the meeting. For the purposes of this annual meeting, we will vote by proxy and electronically through the web portal today. Those of you who did not turn in a proxy or who wish to change your vote should click on the voting button on the web portal and follow the instructions there. The polls are now open for voting on the following matters.
First, the election of directors to hold office for a term of one year until the 2026 Annual Meeting of Stockholders and until their successors are elected and qualified, or until such directors' earlier death, resignation, disqualification, or removal. Second, approval on a non-binding advisory basis of the compensation of our named executive officers. Third, ratification of the appointment of Baker Tilly , LLP, which recently merged with Moss Adams, LLP, as our independent registered public accounting firm for the fiscal year ending December 31st, 2025. All these as set forth in the company's proxy statement. There were no stockholder nominations for director or proposals for other business to be considered at this meeting filed with the company's secretary as required by the advance notice requirements of the company's bylaws. As a result, the business of this meeting is limited to these four matters.
If you plan to vote today and have not yet done so, you must do so now in order for your vote to be counted. The inspector of election will not accept proxies, votes, or any changes or revocations submitted after the closing of the polls. The electronic voting for this annual meeting is now closed. I am informed on the basis of proxies received that there are sufficient votes to elect Henry Guy, Chris Hutter, Aldo Mazzaferro, Ben Rosenzweig, and John Showerman as directors. Also, to approve the compensation of our named executive officers as contained in the non-binding say-on-pay vote and to ratify the appointment of Baker Tilly , LLP, as our independent registered public accounting firm for the fiscal year ended December 31, 2025. All as set forth in the proxy statement.
There being no further business before this meeting, I declare the formal portion of the meeting adjourned. At this time, Brian Kitchen, Ascent CEO, and I will entertain any questions you may have. However, before taking questions, I want to caution you that our remarks may contain forward-looking statements that involve risks and uncertainties. These forward-looking statements are not a guarantee of the company's financial performance, and investors should consult the risk factors described in the Annual Report on Form 10-K for the year ended December 31, 2024. I'll now take questions. As it appears there are no questions, I'd like to take a moment to thank you all for attending the meeting and for your continued support of Ascent. Have a great day.
The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.