morning, and welcome to the Advanter Incorporated Annual Meeting of Stockholders. I'll now turn the conference over to Raj Gupta. Please go ahead.
Good morning, ladies and gentlemen, and welcome to 2020 Annual Shareholder Meeting of Avantor Inc, our first since going public last May. I'm Raj Gupta, Chairman of the Board of the Directors of Avantor. And before I begin, I would like to take a moment to thank you for taking the time to participate virtually in the Annual Meeting. I hope that each of you are safe and healthy and taking all necessary precautions to keep yourself, your family and your community safe during the unprecedented time. Hosting this meeting virtually allows us to ensure safe track participation during the current COVID-nineteen pandemic.
At this time, I call the meeting to order. Also present today are the following members of our Board of Directors, Juan Andreas, Matt Holt, Andre Mora, Jun Naturi, Jonathan Peacock, Rakesh Satdev, Christy Shaw, Michael Severino and Michael Stubblefield. Additionally, Justin Miller, Executive Vice President, General Counsel and Secretary, along with other corporate executives from around the globe have joined us today. Justin Miller will act as Secretary and timekeeper of the meeting. The Board of Directors has appointed Jim Wright of Broadridge Financial Solutions to act as Inspector of Elections.
He has previously taken his oath as an Inspector of Elections. Steve Delaney and Scott King, representatives from Deloitte and Touche LLP are also present here today. During the question and answer period at the end of the meeting, they will be available to answer questions concerning the company's financial statements. We will not be providing an update on the business as part of this meeting, but would refer you to a replay of our Q1 earnings call, which is available on the Investors section of our website, avantorsciences.com, for a summary of company's current performance. I will now turn over the meeting to Michael Stubblefield, Avantor's Chief Executive Officer and President.
Michael, over to you.
Thank you, Raj. In order to conduct an orderly meeting, we ask that participants follow the rules of conduct, which can be located on the bottom right corner of the screen. Should you desire to ask a question during the meeting, you may type it into the question box at the bottom of the screen. As stated in the rules of conduct, please limit your questions to a total of 2. Though we may not be able to answer every question, we will do our best to answer as many as possible.
Please note, the meeting is being recorded. However, no one attending via the webcast is permitted to use any audio recording device. As noted in the notice and proxy statement mailed to all stockholders on or about April 7, 2020, The record date for voting at this meeting was the close of business on March 23, 2020. A list of stockholders on the record date is available for your review. The Secretary has delivered an affidavit of mailing to show that notice of this meeting was given.
A copy of both the notice and the affidavit will be incorporated into the minutes. The Secretary will now report on the existence of a quorum for the meeting.
Good morning, everyone. The stockholder list shows that holders of 574,000,000 885,011 shares of common stock of the company are entitled to vote at our meeting. We were informed by the Inspector of Elections that there are represented in person or by proxy 437,281,000 547 shares of common stock or approximately 76.06 percent of all shares entitled to vote at this meeting.
Thank you, Justin. Based upon the percentage of the total shares of the company held by holders of record now present at the meeting either in person or by proxy, a quorum is present. This meeting is now duly convened for the purposes of transacting business properly before it. The next order of business is a description of matters to be voted on at today's meeting. Properly submitted proposals are listed on the agenda and in the proxy materials previously distributed to you and available in the lower right corner of the screen.
Following the business portion of this meeting, there will be a question and answer session. The first item of business today is the election of directors. 3 directors are to be elected today. The 3 nominees receiving the highest number of votes of shares present or by proxy during this meeting will be elected as directors. Directors elected today will hold office until the 2022 Annual Meeting of Stockholders and their successors are elected and qualified.
The nominees are listed in your proxy materials and on the agenda. The Board of Directors of the company recommends the following nominees: Juan Andres, Andre Mora and Jonathan Peacock. The company has an advanced notice provision in its bylaws. Accordingly, all nominations are closed. Voting will commence after all items have been presented.
We will now move to item 2. The second item of business today is the ratification of the to approve the compensation paid to our named executive officers as disclosed in our proxy statement. The Board of Directors recommends approval of the compensation of the named executive officers. The 4th item before the stockholders of the company is a non binding advisory vote on the frequency of seeking advisory approval of named executive officer compensation. Stockholders may indicate whether they would prefer to hold the advisory vote every 1, 2 or 3 years.
The Board of Directors recommends seeking advisory approval on an annual basis because it provides for more direct and consistent communication with stockholders and reflects sound corporate governance principles. Because no further business is on the agenda to come before this meeting, we will now move on to voting. The polls are now open. Any stockholder who has not yet voted or wishes to change their vote may do so by clicking on the voting button in the web portal and following the instructions there. Stockholders who have sent in proxies or voted via telephone or Internet and do not want to change their vote, do not need to take any further action.
Now that everyone has had the opportunity to vote, I hereby declare the polls closed. The Inspector of Elections will count the votes. Will the Secretary please report the preliminary results of voting?
Thank you, Michael. Inspector of Elections has informed us that the ballots have been tabulated and that the following nominees have been duly elected. Item number 1 in the election of directors, each nominee has received at least 360,000,000 179,269 votes or approximately 84.12 percent of the shares voted. Each nominee therefore has been elected as a Director of the company to serve until the 2022 Annual Meeting of Shareholders or until the successors have been duly elected and qualified. With respect to the ratification of the company's independent auditors, at least 431,000,000 755,006 shares or approximately 99.94% of shares cast on this matter have been voted in favor of ratifying the selection of Deloitte and Touche as the company's independent auditors for fiscal year 2020.
With respect to item number 3, the non binding advisory vote on the company's named executive officer compensation, at least 418,000,057 or approximately 99.59 percent of shares cast on this matter have been voted in favor of approving the company's named executive officer compensation. Therefore, the company's named executive officer compensation is approved by the non binding advisory vote. And finally, with respect to the frequency of the non binding advisory vote on the company's named executive officer compensation, at least 422,000 750 or approximately 99.82 percent of shares cast on this matter have been voted in favor of approving the company's named executive officer compensation on an annual basis.
Thank you, Justin. The company will be reporting the final vote results in a Form 8 ks filed with the SEC within 4 business days. Thank you for attending today's meeting. The meeting is adjourned. We will now have a brief question and answer period.
I will now open the floor to questions that are germane to the business of the company. Please remember to follow the rules of conduct. If you have a question, please submit in the question box on your screen. At this time, we are showing no further questions. Our program for the day has concluded.
Thank you for all attending today's meeting and for your continuing support of the company.
Okay. Thank you, everyone. Meeting is adjourned.
This conference has now concluded. Thank you for attending today's presentation. You may now disconnect.