Welcome to AAR's 2026 annual meeting of stockholders. I am John Holmes, chairman of the board and CEO of the company. I am pleased to serve as chairman of this annual meeting. We are excited to be hosting this virtual meeting, which allows us to be more inclusive and reach a greater number of our stockholders. We have stockholders attending via the web. We will be conducting this meeting in accordance with the rules of conduct and procedures accessible through a link on the web portal. As is our custom, we will conduct the business portion of this meeting first and address questions on meeting matters before the polls close. Though we may not be able to answer every question, we will do our best to provide a response to as many as possible. Only validated stockholders may ask questions in the designated field in the web portal.
Out of consideration for others, please limit yourself to one question. Please note that this meeting is being recorded. However, no one attending via the webcast or telephone is permitted to use any audio recording device. It is now shortly after 9:00 A.M., and this meeting is officially called to order. Before I get into the business of the meeting, I would like to thank General Duncan McNabb for his nine years of service on AAR's board. Duncan has elected not to stand for re-election to the board and is retiring at this meeting. I would now like to make some introductions. With me today is Jessica Garascia. Jessica is our senior vice president, general counsel, chief administrative officer, and secretary. Wow. And will serve as secretary of this meeting.
I would also like to introduce our board of directors, Michael Boyce, John Dietrich, Jeffrey Edwards, Robert Leduc, Ellen Lord, Duncan McNabb, Billy Nolen, Peter Pace, Jennifer Vogel, Marc Walfish, and Hemant Wadhwani. Thank you to all of our directors. We are grateful for your service to AAR. In addition to Jessica Garascia, also attending today's meeting is Dylan Wolin, our senior vice president and chief financial officer. We have also with us today representatives of KPMG, our independent registered public accounting firm, Brian Bird, partner, and Alan Lewis, partner. Thank you, KPMG, for your work on behalf of AAR. Finally, the company has appointed Broadridge Investor Communication Solutions to act as the inspector of the elections. Mr. Gregory Malatia is with us today and has taken the oath of inspector of elections.
Board of directors fixed July 28, 2026 as the record date for determining stockholders entitled to vote at this meeting. An affidavit has been delivered attesting to the fact that either, one, notice of an internet availability of the notice of the meeting, the proxy statement, and the 2026 annual report to stockholders, or two, the document themselves were mailed on or about August 4, 2026 to all stockholders as of the record date of this meeting and will be incorporated into the minutes of this meeting. As of the record date, there were 40,258,840 shares of common stock outstanding and entitled to vote at this meeting.
I'm pleased to announce that the inspector has informed us that there are present in person or by proxy, a sufficient number of the voting shares of the company to constitute a quorum for purposes of transacting business. Today, we will be voting on four proposals, the election of three directors, an advisory proposal to approve our fiscal 2026 executive compensation, approval of our next stock plan, and ratification of the appointment of auditors for fiscal year 2027. The polls are now open. Any stockholder who hasn't yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. Stockholders who have sent in their proxies or voted via telephone or internet and do not want to change their votes do not need to take any further action.
While we wait for the final votes to be submitted, we will address the questions we received that relate to the business of the meeting.
Chairman Holmes, there are no questions that have been submitted.
Great. Thank you very much. Now that everyone has had the opportunity to vote, I declare the polls for the 2026 AAR CORP annual stockholders meeting closed. The proxy votes have been counted, and we have received preliminary vote report from the inspector of election, and I'm pleased to advise you that our stockholders have approved all four proposals presented in our 2026 proxy statement. Number one, John Dietrich, Robert Leduc, and Peter Pace have each been elected as Class III directors for a three-year term expiring at the 2029 annual meeting, all with over 93% of the shares cast. Number two, the advisory proposal to approve our fiscal 2026 executive compensation received 96% of the votes cast. Number three, our new stock plan received 94% of the shares cast.
KPMG has been ratified as the company's independent auditors for fiscal 2027 with 98% of the shares cast. We will be reporting the final vote results in Form 8-K to be filed within four business days. This concludes the voting portion of our annual meeting. There being no further business, our 2026 annual meeting of stockholders is now adjourned. Thank you for your interest and your investment in AAR.
This concludes today's meeting. You may now disconnect.