Thank you for attending the 2024 Annual Meeting of Stockholders of Atlanta Braves Holdings, Inc. I will now turn the meeting over to the Chairman of the Meeting, Greg Maffei.
Good morning and welcome to the 2024 Annual Meeting of Stockholders of Atlanta Braves Holdings, Inc. I'm Greg Maffei, Chairman of the Board, President, and CEO. I will act as Chairman of this meeting. On behalf of the Directors and Senior Officers of the Company, I want to thank you for taking the time to attend this Annual Meeting. We appreciate your continued interest in Atlanta Braves Holdings, Inc. At this time, I would like to introduce the Company's Corporate Secretary, Kate Jewell, who will act as Secretary of this meeting and will say a few words about our 2024 Annual Meeting procedures.
Thank you, Mr. Chairman. To conduct this virtual meeting in an orderly fashion, we respectfully direct your attention to the rules of conduct for the meeting located on the virtual meeting portal. Only Atlanta Braves Holdings, Inc. stockholders are permitted to ask questions during the formal meeting. We thank you in advance for helping us conduct the 2024 Annual Meeting in an orderly fashion.
Thank you, Kate. We will now proceed with the formal items of business. Chris Amron of American Election Services has been appointed to serve as the Inspector of Election. We are here today to vote upon each of the proposals described in the Notice of Annual Meeting and Proxy Statement. Has the Inspector of Election tabulated the number of shares here today present via the virtual meeting portal or represented by proxy?
Mr. Chairman, based on information received from Broadridge, shares of the Company's Series A and Series B stock representing at least a majority of the aggregate voting power of such stock outstanding on the record date are present via the virtual meeting portal or represented by proxy at today's meeting. Therefore, a quorum is present for this meeting.
Thank you, Kate. As reported, a quorum is represented here today. Therefore, the Annual Meeting is formally called to order. Copies of the list of stockholders entitled to vote at this meeting and the Notice of Annual Meeting and Proxy Statement relating to the Annual Meeting are available on the virtual meeting portal. As stated in the Notice of Annual Meeting and Proxy Statement, stockholders will vote on four proposals, each of which will be described in turn. Proposal one: Director Election Proposal is a proposal to let Brian Deevy to continue serving as a Class One member of our Board until the 2027 Annual Meeting of Stockholders or until his earlier resignation or removal. His biography can be found on page 15 of the Proxy Statement. The meeting is now open for any questions concerning the Director Nominee. Kate, please confirm we have not received any questions.
Mr. Chairman, we have not received any questions.
Proposal Two: The Auditors Ratification Proposal is a proposal to ratify the selection of KPMG LLP as our independent auditors for the fiscal year ending December 31, 2024. Mr. McMullen and Christian Lawton, partners with KPMG LLP, are prepared to respond to appropriate auditing questions. Kate, please confirm we have not received any questions for KPMG.
Mr. Chairman, we have not received any questions for KPMG.
Proposal three: The Say On Pay proposal is a proposal to approve on an advisory basis the compensation of our named executive officers described in the Proxy Statement under the heading Executive Compensation. The meeting is now open for any questions concerning the Say On Pay proposal. Kate, please confirm we have not received any questions.
Mr. Chairman, we have not received any questions.
Proposal four: The Say On Frequency proposal is a proposal to approve on an advisory basis the frequency at which future Say On Pay votes will be held. The meeting is now open for any questions on the Say On Pay frequency proposal. Kate, please confirm we have not received any questions.
Mr. Chairman, we have not received any questions.
The voting requirements for each of the proposals are described in the Proxy Statement. The Board of Directors recommends that you vote for the nominee listed in Proposal One and for Proposals Two and Three and in favor of every three years for Proposal Four. The time is now 8:34 A.M. on June 10th, 2024, and the proposals are now open for voting on each of the proposals. If you desire to vote at this meeting, you can do so via the virtual meeting portal. If you have previously voted by proxy, you do not need to vote today unless you wish to change your vote. Kate, please confirm the virtual meeting portal is recording any votes.
Mr. Chairman, the virtual meeting portal has recorded any votes.
The time is now 8:35 A.M. on June 10th, 2024, and the polls for voting on each of the proposals are now officially closed. Has the Inspector of Election tabulated the votes represented here and by proxy on each of the proposals?
Mr. Chairman, the Inspector of Election has completed the tabulation of votes and has certified that, based on preliminary results, the requisite number of shares has been voted in favor of the election of Mr. Deevy and in favor of Proposals Two and Three and in favor of every three years for Proposal Four.
Based on preliminary results, Mr. Deevy has been duly elected as Class One member of our Board of Directors and Proposals Two and Three have been approved, and the option of once every three years for Proposal Four has been approved. This concludes the scheduled business as presented in the Notice of Annual Meeting and Proxy Statement. Is there any other business to properly come before this meeting? Kate, please confirm we have not received any motions for other business.
Mr. Chairman, please allow me time to check for any other motions. Mr. Chairman, we have not received any motions.
At this time, I would like to adjourn the Annual Meeting. I would like to thank you for your attendance at this meeting and your continued interest in our Company. The 2024 Annual Meeting of Stockholders is now adjourned. Go Braves!
Thank you. All participants may now disconnect.