Good morning, welcome to the Chimera Investment Corporation 2026 annual meeting of stockholders. I am Miyun Sung, Chief Legal Officer and Secretary of Chimera Investment Corporation. In addition to me, also with us today are Gerry Creagh, the Chairman of our Board of Directors, Phil Kardis, our President and Chief Executive Officer, and a member of our board, Subra Viswanathan, our Chief Financial Officer, and Jack Macdowell, our Chief Investment Officer. As in prior years, we are hosting a virtual-only annual meeting with our stockholders participating exclusively through the internet and by telephone. Please note that today's meeting is being recorded, the playback will be available on our website by 5:00 P.M. Eastern Time tomorrow, June 11th. I now turn the meeting over to Gerry Creagh, who will chair today's annual meeting. Gerry, the floor is yours.
Thank you, Miyun. Good morning and welcome to the Chimera Investment Corporation 2026 annual meeting of stockholders. I am Gerry Creagh, Chairman of the Board of Directors of Chimera Investment Corporation, I will chair today's annual meeting of stockholders. In addition to the members of the Chimera management team, also with us today are Larry Dunn from Ernst & Young LLP, our registered independent public accounting firm, and Jim Raitt, the Inspector of Election from American Election Services, LLC. We look forward to your questions, which you may submit at any time. I will ask Miyun to convene the meeting.
Thank you, Gerry. The rules of conduct for today's meeting and our disclaimer regarding forward-looking statements are available on the virtual meeting website. The formal business of this meeting is described in a notice of annual meeting and proxy statement, timely mailed or made available to all stockholders of record as of the record date. The Board of Directors fixed April 9th, 2026, as the record date for determining stockholders entitled to vote at this meeting. The Inspector of Election has submitted his preliminary report as follows. There were outstanding on the record date, a total of 83,645,571 shares of common stock. The holders of a majority of all the votes entitled to be cast are present, either in person by attending this virtual annual meeting or by proxy. Accordingly, a quorum is present, the meeting is duly convened.
Stockholders who have sent in proxies need not take any further action with respect to any of the matters to be voted on today. If you wish to vote at this time, please record your vote through our annual meeting website. Voting will remain open until we conclude presenting the matters to be voted on at this meeting. As stated in the notice, the purposes of this meeting are as follows. First, to elect 3 Class I directors, Kevin Chavers, Gerry Creagh, and Susan Mills, each to serve until our annual meeting of stockholders in 2029 and until their successors are duly elected and qualify. Second, to vote on a non-binding advisory resolution on our executive compensation. Third, to ratify the selection of Ernst & Young LLP as our independent registered public accounting firm for the current fiscal year.
Now we will conduct the formal business as set forth in the notice of the meeting. The Board of Directors has nominated Kevin Chavers, Gerry Creagh, and Susan Mills, as named in the proxy statement, for election as Class I directors to serve until our annual meeting of stockholders in 2029 and until their successors are duly elected and qualify. On behalf of the Board of Directors, I move for the adoption of the following resolutions. Resolved, that the compensation paid to the company's named executive officers, as disclosed pursuant to Item 402 of Regulation S-K, including the compensation discussion and analysis, compensation tables, and narrative discussion, is hereby approved. Resolved, that the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the current fiscal year is hereby ratified.
I now declare the polls closed. Any ballots collected before the polls closed but not reflected in the preliminary report will be reflected in the final report of the Inspector of Election. The final results will be filed on a Form 8-K with the SEC within four business days.
We will now pause for a few minutes to collect your questions. I now call upon Miyun to present the preliminary report of the Inspector of Election and help us conclude the meeting.
Gerry, the Inspector of Election's preliminary report has determined that each nominee for director has received the affirmative vote of a majority of the total votes cast for or against such nominee, and that a majority of the votes cast were cast in favor of the resolution on the company's executive compensation and the selection of Ernst & Young LLP as the company's registered independent public accounting firm for the current fiscal year. Based upon the preliminary report of the Inspector of Election, I declare that each of Kevin Chavers, Gerry Creagh, and Susan Mills are elected Class I directors of the company, that the resolution on the company's executive compensation has been approved, and that the selection of Ernst & Young LLP as the company's registered independent public accounting firm for the current fiscal year is ratified. It looks like there are no questions from any of our stockholders.
There being no further business to come before the meeting, the annual meeting is concluded. Thank you, everyone.