Good morning, ladies and gentlemen. The meeting will be commencing momentarily. Before the meeting begins, I refer you to the rules of conduct, which were posted on the main meeting screen and which describe the process for asking questions. Your cooperation of following these rules is greatly appreciated. I'm now pleased to turn over the meeting to our Chairman, President, Chief Executive Officer, and Meeting Chair, Jared .
Good morning. The meeting will please come to order. I would like to welcome you to the 2026 annual meeting of stockholders of Banc of California. I'm Jared Wolff, Chairman, President, and CEO of the company, and I will be acting as meeting chair. Thank you for attending this meeting. Also in attendance today is Ido Dotan, General Counsel and Corporate Secretary of the company, who will be acting as secretary of the meeting. I would also like to introduce members of our board of directors in attendance today. James "Conan" Barker, Paul Burke, Mary Curran, John Eggemeyer, Susan Lester, Joseph Rice, Andrew Thau, and Vania Schlogel.
Also in attendance are representatives of Ernst & Young LLP, our independent registered public accounting firm. Thank you for attending this meeting. As set forth in the meeting agenda, we will first conduct the formal business of the meeting. After that, we will address any questions and comments from stockholders in a question- and- answer session. Please note that this meeting is being recorded. Mr. Dotan, may I have the secretary's report, please?
Mr. Wolff, I have a list of stockholders of the company entitled to notice of and to vote at this meeting. The list shows the holders of the voting common stock of the company as of March 13th, 2026, which is the record date for voting. As of the record date, there were 153,778,367 shares of voting common stock outstanding and entitled to notice of and to vote at this meeting. I also have an affidavit signed by Broadridge Financial Solutions, which states that either copies of the notice of meeting, proxy statement, form of proxy, an annual report, or notice of internet availability of these materials were mailed on or about March 26th, 2026 to each holder of record.
Cynthia Skoglund, represented from Broadridge, who is in attendance at this meeting, has been appointed to act as the inspector of election and to count and examine all votes. Mr. Wolff, the holders of at least one-third of the shares of voting common stock outstanding and entitled to vote at the meeting must be present either by remote communication or by proxy in order for a quorum to exist. The list of the holders of record of our voting common stock as of the record date and all proxies received have been delivered to the inspector of election.
The inspector has advised that the shares present, either by remote communication or by proxy at today's meeting, are not less than 129,345,381 shares, which represent more than one-third of the outstanding shares entitled to notice of and to vote at the meeting. A quorum is therefore declared present. The inspector of election will confirm the final number of shares present, either by remote communication or by proxy, in her formal report to be reflected in the minutes of the meeting.
Thank you. We will now proceed with the voting. There are four items of business to be acted upon, which are described in the company's proxy statement for the meeting. Briefly, these four items are, the election of the 10 director nominees, each for a one-year term, the ratification and selection of Ernst & Young LLP as the company's independent registered public accounting firm for the year ending December 31st, 2026, the approval on an advisory and non-binding basis of the compensation paid to our named executive officers, as disclosed in the company's proxy statement for the meeting, and approval of the company's Second Amended and Restated 2018 Omnibus Stock Incentive Plan.
If any stockholders have questions on these proposals, please indicate that now by clicking on the Q&A icon and submitting your comment in the Submit a Question field. Stockholders will have an opportunity to submit comments or questions that do not specifically relate to these proposals later in the meeting during the question- and- answer- session. We ask that you hold any such comments and questions until that time. Seeing that there are no questions being posed on the proposed items, the vote will now be taken on these four items. If you wish to vote, you may now click on the voting button on the web portal and follow the instructions there. If you have already voted by proxy or via internet, you do not need to vote again.
We will pause for a moment to allow for voting. After the close of the polls, no votes nor any revocation of or changes to votes may be accepted by the inspector. Now that everyone has had the opportunity to vote, I now declare the polls closed. I will now turn it over to Mr. Dotan for the preliminary report of the inspector.
We have been informed by the inspector of election that the preliminary vote report shows that a quorum is and has been in attendance at the meeting for all purposes. Final results of the vote will be provided when available. The preliminary report states that on proposal 1, the election of directors, each director nominee has received the required majority of the votes cast in favor of his or her election. On proposal 2, a proposal to approve to ratify the selection of Ernst & Young as the company's independent registered public accounting firm for the year ending December 31, 2026, has received the required majority of the votes cast in favor of the proposal.
On proposal 3, a proposal to approve on an advisory and non-binding basis of the compensation paid to our named executive officers, as disclosed in the company's proxy statement, for the meeting, has received a majority of the votes cast in favor of the proposal. On proposal 4, a proposal to approve the company's Second Amended and Restated 2018 Omnibus Stock Incentive Plan, has received the required majority of the votes cast in favor of the proposal. We'll be reporting the final vote results in Form 8-K.
Thank you, Mr. Dotan. The final report of the inspector will be attached to the minutes of the meeting. This concludes the official business agenda for today. We will proceed to a question- and- answer session for stockholders, should there be any questions.
Ladies and gentlemen, this question and- answer session is an opportunity for our stockholders to address the meeting. As a reminder, each stockholder can ask questions by entering their question under the Q&A icon in the Submit a Question field on the main meeting screen. Please note only questions that are germane to the meeting will be addressed. There are no questions. We'll give it 10 more seconds.
There being no questions, our Q&A session is now concluded. We greatly appreciate everyone's cooperation. As there is no other business to come before the meeting, the meeting is adjourned. Thank you for attending and have a pleasant day, and thank you for your support.
The meeting has now concluded. Thank you for joining, and have a pleasant day.