Good morning and welcome to the Contura Energy, Inc Annual Meeting of Stockholders. I would now like to turn the call over to David Stetson. Please go ahead.
Ladies and gentlemen, welcome to the Contura Energy's 2020 Annual Meeting of Stockholders. Thank you for joining us. I'm David Stetson, the Contura's Chief Executive Officer and Chairman of the Board of Directors. Today's meeting is being conducted via live webcast. We had planned to hold this meeting both in person and virtually, but given the ongoing issues around the COVID-19, we determined to make it virtual only. Also here today are the following members of our Board of Directors: Al Ferrara , Dan Geiger, Jack Lushefski, Emily Medine, and Scott Vogel. I also have and would like to introduce our Officers of Contura: Andy Eidson, our Executive Vice President and Chief Financial Officer; Roger Nicholson, Executive Vice President, General Counsel and Secretary; and Jason Whitehead, Executive Vice President and Chief Operating Officer.
The biographies of our Directors and Officers appear in the proxy statement that was sent to you in advance of this meeting. Also joining us today is Phyllis Deiso of RSM US LLP, the company's independent auditor. They will be available to respond to questions at the conclusion of the meeting. With that, I now call our annual stockholder meeting to order. Mr. Nicholson will act as Secretary of the meeting. I'll turn the meeting over to him now to confirm that we've complied with notice and quorum requirements and to conduct the business of the meeting.
Thank you, David. Before we proceed, please direct your attention to the agenda for the meeting, which should be visible on your screen. Please also note the rules of the meeting, which are available on the meeting web portal. On or about June 12, 2020, notice of this meeting was sent to all stockholders as of the record date, which was May 26, 2020. The record date was set by Contura 's Board and determines which stockholders can vote at this meeting. As required by law, a list of Contura 's stockholders as of the record date is available for inspection during the meeting. In addition, the company has kept the duplicate stockholder list on file and available for inspection for the past 10 days. Now let me introduce Victor Latessa of CT Hagberg & Associates, who is serving as the independent Inspector of Election for this meeting.
He has taken the required oath of office. The Inspector of Election has indicated that of the 18,299,193 shares of the company's common stock outstanding and entitled to vote as of the record date, 79.89% of these shares are present or represented by proxy at today's meeting. Since that total represents at least a majority of the company's common stock outstanding as of the record date, a quorum is present and the business of the meeting may proceed. I would now like to briefly describe our procedure for voting. If you voted via the internet or by phone or mailed a completed proxy card, you do not need to do anything further. Your vote will be recorded according to your previously provided instructions.
You may vote during the meeting if you are a record holder of shares or if your shares are held in street name, you have a legal proxy from your broker or other record holder of your shares. Also, note that voting during the meeting will revoke any previous proxy you may have provided. We have three items of business to be voted upon today: the election of directors nominated by our Board of Directors for a term of one year, ratification of RSM as Contura' s independent registered public accounting firm for the fiscal year ending December 31, 2020, and finally, advisory approval of the company's executive compensation as reported in the proxy statement. These proposals are described in detail in the proxy statement provided to you, but I will describe each one briefly. The first item of business is the election of the directors.
The Board nominated and recommended that you vote for six persons for election at this meeting to serve one-year terms expiring at the 2021 annual meeting of stockholders or until their successors are duly elected and qualified or their earlier death, resignation, or removal. The nominees are: Albert E. Ferrara Jr., Daniel J. Geiger, John E. Lushefski, Emily S. Medine, David J. Stetson, and Scott D. Vogel. The second item is a proposal to ratify the Audit Committee's appointment of RSM as Contura 's independent registered public accounting firm for the fiscal year ending December 31, 2020. The third item is an advisory vote regarding the compensation paid to the company's named executive officers as described in the proxy statement. The Board recommends that you vote for this proposal. With that, the polls are now open.
If you wish to register your vote through our virtual meeting system, please do so at this time. Again, if you previously voted via the internet or by phone or mailed a completed proxy card, you do not need to do anything further. Your vote will be recorded according to your previously provided instructions. We will now pause briefly to allow any additional votes to be recorded. It is now 10:05 A.M. and the polls are now closed. We will pause for a few moments so our Inspector may confirm the vote totals. Ladies and gentlemen, our Inspector of Election has verified the vote totals. I will now ask Mr. Latessa to recite the preliminary results.
Thank you, Roger. For Proposal 1, concerning the election of directors, each of the six nominees has been elected. Proposal 2, regarding the ratification of the appointment of RSM as Contura 's independent registered public accounting firm for the fiscal year ending December 31, 2020, received the affirmative vote of a majority of the shares of common stock present in person or by proxy and entitled to vote at this meeting. Proposal 3, an advisory vote on the compensation of Contura 's named executive officers, received the affirmative vote of a majority of the shares of common stock present in person or by proxy and entitled to vote at this meeting.
Thank you, Victor. The final report of the Inspector of Election will be filed with the minutes of this meeting. For complete details of the final voting results, please see the current report on Form 8-K that the company will file with the Securities and Exchange Commission within four business days following this meeting. I will now turn the meeting back over to David.
Thank you, Roger. We have now heard the results of the voting. This completes the official business of the meeting, and I now declare the meeting adjourned. We have time for a few questions, and I understand the executive team are here to respond. As I mentioned earlier, representatives from RSM , the company's independent registered public accounting firm, are also available to respond to questions. If you have any questions, you can submit it through the Ask a Question text box located in the bottom left of the meeting web portal. We'll pause for a moment to allow you to submit your questions. There are no questions that have been submitted. It looks like we don't have any questions at this point in time, so I thank everyone for getting on the webcast this morning and wish everybody a wonderful day.
Conference is now concluded. Thank you for attending today's presentation. You may now disconnect.