Welcome to the annual meeting for Balchem Corporation. Our host for today's call is Ted Harris, Chairman, President, and Chief Executive Officer. I'll now turn the call over to your host. Mr. Harris, you may begin.
Thank you. Good morning, ladies and gentlemen. I am Ted Harris, Chairman, President, and Chief Executive Officer of Balchem Corporation. On behalf of the company, I want to welcome you and thank you for joining us at this virtual meeting of shareholders of Balchem Corporation. At this time, I call the meeting to order. As a preliminary matter, a virtual meeting is one that takes place via an electronic format and helps expand shareholders' access. An audio feed from this meeting is being webcast as we speak. This webcast incorporates shareholder validation capabilities, which means that by using your 16-digit control number, any shareholder in any part of the world can vote in real time during the meeting until the polls are closed, and any shareholder may submit questions while the meeting is in progress. The polls to vote online are now open.
If you have already given your proxy to management, you do not need to vote again because the persons designated as proxies will vote for you. However, you may revoke your proxy by voting virtually at this meeting. After the meeting has been adjourned, we will answer questions that are germane to the business of the annual meeting and that are submitted on the website in the field provided for shareholders. We will do our best to answer as many questions as possible during the time allotted at this meeting. John Holuwah from American Election Services, LLC will act as Inspector of Elections and is participating on the call. He has taken the customary oath of office, which will be kept on file with the records of this meeting. I'm pleased to introduce the directors and members of management who are present at this meeting.
The following directors are present: Matt Wineinger, Lead Director, David Fischer, Kathy Fish, Dan Knutson, Olivier Rigaud, and Monica Vicente. Also present from the company are Martin Bengtsson, Chief Financial Officer, and Hatsuki Miyata, Chief Legal Officer and Secretary. Representing RSM US LLP, our independent auditors, are Thomas Kanza and George Sabo, who are participating in this call. Thank you all for joining. Our corporate secretary will now report on the notice of the meeting, the proxies received, and present the matters to be voted on.
Thank you, Ted. We have received an affidavit from Broadridge Financial Solutions certifying that notice of this meeting, proxy statement, and related materials were mailed or made available beginning April 27th, 2026, to Balchem's shareholders of record as of the close of business on April 21st, 2026, our record date. As of the record date, 32,129,836 of the company's common shares were outstanding, with each share being entitled to one vote on all matters properly brought before this meeting. Copies of the notice of meeting and the proxy statement and the annual report are also posted on the virtual meeting site. Under the company's bylaws, the presence in person or by proxy of shareholders entitled to cast a majority of all the votes entitled to be cast at this meeting constitutes a quorum.
Since more than a majority of the ordinary shares entitled to vote are present at this meeting, we have a quorum and can conduct the business of the meeting. Today, we have three management proposals for you to consider. All proposals were described in the proxy statement for today's meeting and are as follows. One, to consider and vote on the election of the following director nominees, David Fischer and Dan Knutson, to each serve as a member of Class III of the board until the annual meeting in 2029 or until their successor is duly elected and qualified. The board recommends that you vote for this proposal. Two, to consider and vote on the ratification of the appointment of RSM US LLP as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2026. The board recommends that you vote for this proposal.
Three, to consider and vote on a non-binding advisory basis the approval of the compensation of the company's named executive officers. The board recommends that you vote for this proposal. Please vote your shares now with respect to these matters if you have not already voted by proxy before this meeting. If you wish to rescind your proxy and vote on your own behalf, you must submit a ballot now. The polls are now officially closed. This concludes the voting portion of the meeting.
I see that the corporate secretary has received the report from the Inspector of Elections. Hatsuki, can you please share the results?
Sure, Ted. I've received the preliminary report of the Inspector of Election, and based on those results, I'm pleased to report that, one, all nominees, David Fischer and Dan Knutson, have been elected to the board of directors. Two, the appointment of RSM US LLP as independent auditors of the company for its fiscal year ending December 31st, 2026, has been ratified. Three, the advisory vote on the compensation of the company's named executive officers has been approved. The final voting results will be reported in a Form 8-K that will be filed with the U.S. Securities and Exchange Commission within four business days of this meeting. Back to you, Ted.
Thank you, Hatsuki. This concludes the formal portion of the meeting. At this point, I will pause to answer questions that may have been submitted by our shareholders. I see that there have been no questions submitted online, so I would like to conclude by thanking everyone for participating in this year's annual meeting of the shareholders of Balchem Corporation. The meeting is now adjourned. Thank you.
This now concludes the meeting. Thank you for joining, and have a pleasant day.