Chief Executive Officer, General Counsel, and a Director of Allied Esports Entertainment, Inc. It is my pleasure to welcome you to the reconvening of the company's 2021 annual meeting of stockholders.
This meeting, which will be held via live audio-only webcast, was called to be held at 11:00 A.M. Eastern Time today. It being 11:00 A.M. now, I hereby call this meeting to order. I would like to introduce Lyle Berman, our Co-Chairman of the Board and President. Ray Anderson, our Chief Financial Officer and Secretary. Brad Patterson of Marcum LLP, legal counsel to the company, who are present at the meeting.
One or more of our directors are also present at this meeting.
At this time, we will proceed with matters that was in the company's notice of reconvening of the annual meeting of stockholders dated November 23, 2021.
The record date for this meeting is August 23, 2021. Stockholders of record at the close of business on that day were entitled to notice of this meeting and are entitled to vote on the matters brought before this meeting.
As of the record date for this meeting, there were 39,141,907 shares of common stock outstanding. Each share of common stock entitles its holder to cast one vote.
The presence in person or by proxy of the holders of a majority of the total number of outstanding shares of common stock entitled to vote constitute a quorum for the transaction of business at this meeting.
Therefore, the holders of 19,570,954 shares must be deemed present in person or represented by proxy to have a quorum.
I have been informed that the majority of the shares entitled to vote at this meeting are either represented in person by live audio-only webcast or by proxy, and accordingly, a quorum is present. Continental Stock Transfer & Trust Company will act as the Inspector of Election for this meeting. They will confirm the number of shares represented at this meeting and will count the vote.
There are three matters scheduled for a vote today. First, with respect to Proposal 1, regarding the election of each of Bradley Berman, Joseph Lahti, Jingsheng (Jason) Lu, and Guanzhou (Jerry) Qin as Class B directors who are elected by plurality.
The nominees receiving the most votes will be elected as directors. You may vote for all the nominees, or you may withhold your vote for any of the nominees you specify. Brokers' non-votes on Proposal one will have no effect.
Second, for proposal two, to increase the number of authorized shares issuable under the 2019 Equity Incentive Plan to 3,763,305 shares of common stock. Such proposal must receive a full vote from the majority of all shares present and entitled to vote, either in person or by proxy.
You may vote for or against, or you may abstain from voting. Abstentions will have the same effect as against vote on proposal two.
Third, for proposal three, to ratify the appointment of Marcum LLP as our independent registered public accounting firm for fiscal 2021. Such proposal must receive a full vote from the majority of all shares present and entitled to vote, either in person or by proxy. You may vote for or against, or you may abstain from voting.
Abstentions will have the same effect as against the vote on proposal 3. If you have already voted by proxy or voted online before this meeting, you do not need to take any further action to have your vote cast. If you have not provided a proxy or voted online in advance of this meeting, please vote online now by visiting the website provided in the company's notice of reconvening of the annual meeting of stockholders dated November 23, 2021. That address is www.cstproxy.com/alliedesportsevent/2021.
Please follow the prompts on the website. Note you will need the 12-digit control number that is printed on your proxy card. Please vote now. We will continue the meeting in 1 minute to provide an opportunity to everyone listening to cast their vote online if they have not done so already.
There being no further additional votes cast, as the chairman of this meeting, I hereby declare the poll closed, and I now direct the votes to be tabulated by the Inspector of Election. I will now report the results of the voting.
Based upon the submission of the proxies at the ballot, one, each of Bradley Berman, Joseph Lahti , Jingsheng (Jason) Lu , and Guangzhou Qin have been elected as Class B directors pursuant to proposal one.
Two, the proposal to increase the number of authorized shares issuable under the 2019 Equity Incentive Plan to 3,763,305 shares of common stock has been approved pursuant to proposal two.
three, the proposal to ratify the selection by the Audit Committee of the Board of Directors of Marcum LLP as the company's independent registered public accounting firm for its fiscal year ending December 31, 2021 has been approved pursuant to proposal three.
Proxies will be filed with the company's records, and the certificate of the Inspector of Election will be attached to the minutes of this meeting.
No other matters remain on the agenda.
This 2021 annual meeting of stockholders is now concluded and adjourned.
Thank you for your attendance.