Good morning. Welcome to the 2019 CNX Resources Corporation annual meeting of stockholders. I would now like to turn the conference over to Will Thorndike, Chairman of the Board of Directors of CNX Resources Corporation. Please go ahead.
Thank you, and good morning, and welcome to the 2019 CNX Resources Corporation annual meeting of shareholders. I'm Will Thorndike, Chairman of the Board of Directors, and I now call the meeting to order. Representatives of our auditors, Ernst & Young, are present. They have informed me they do not wish to make a statement, but they are available to answer questions. In connection with this meeting, I wanted to mention a few housekeeping items. We're excited to be hosting our first virtual shareholder meeting. This virtual approach provides a convenient way to access our proxy materials and vote, enables greater shareholder participation in the proceedings, and reduces the cost and environmental impact of our annual meeting. The rules for the conduct of this meeting are set forth in the meeting rules that are available on the virtual meeting portal.
Similar to last year, the business portion of the meeting will be brief. We will respond to questions relating to the proposals included in our proxy statement during this portion of the meeting, and after the business portion of the meeting, the management team will respond to questions as time allows. Though we may not be able to answer every question, we will do our best to provide a response to as many as possible, and we'll address any unanswered questions on our corporate website shortly after the meeting. Please submit your questions by typing the question into the Ask a Question field and click Submit. Questions regarding personal matters, including those related to employment, product, or landowner issues, are not pertinent to meeting matters and will not be answered.
Since our earnings release was recently issued and we make a number of management presentations regarding CNX during the year, all of which are available to you on our website, we will not hold a management presentation this meeting. I'm now going to ask Stephanie Gill, our Vice President and General Counsel, to handle the business portion of today's meeting. Stephanie.
Thank you, Will. The shareholder list reflects a record date of April 9th, 2019, which date was approved by our board. As required by law, the list will be open during the entire meeting for examination by the shareholders. Shareholders will have received, one, a notice of internet availability of proxy materials relating to this annual meeting, along with access to the proxy statement, letter to shareholders, and 2018 annual report, and/or two, the documents themselves if physical copies were requested by the shareholder. CNX has appointed Mr. Tony Carideo to serve as the Inspector of Elections at the meeting. As the Inspector of Elections, Mr. Tony Carideo will determine the presence of a quorum and judge the voting on all matters requiring a shareholder vote at this meeting.
I have been informed by the Inspector of Elections that of the 195,678,767 shares of common stock entitled to vote at this meeting, there are in excess of 184,171,370 shares represented, which total is in excess of a majority of the outstanding shares of CNX. A quorum is present for purposes of transacting the business of this meeting, and I declare that this meeting is legally convened. As described in detail in our proxy statement, there are three matters properly before this meeting for action by the shareholders. The board recommends the shareholders vote for Proposals one through three. To summarize, the proposals are as follows. First, electing the director nominees named in the proxy statement. Second, ratifying the anticipated selection of Ernst & Young as the independent auditor of CNX for 2019.
Third, approving, on an advisory basis, a resolution regarding the compensation of CNX's named executive officers for 2018. At this time, the polls are open for voting on these matters. For purposes of efficiency, since most shareholders have voted prior to the meeting, we will conduct the vote on all of these matters simultaneously. Anyone who hasn't voted or wishes to change their vote may do so now by clicking on the voting button on the web portal and following the instructions there. Remember, if you have voted, you should not vote through the web portal unless you specifically desire to revoke your proxy. At this time, we will take a minute to address any questions relating to the proposals. Hearing that there are no questions, we will now allow the shareholders voting through the web portal an opportunity to do so.
At this juncture, I declare the polls closed and direct the Inspector of Elections to tabulate the votes. We have been informed by the Inspector of Elections that the preliminary vote report shows the following results. Each of the director nominees has been elected. The selection of Ernst & Young as the independent auditor for 2019 has been approved, and the compensation of CNX's named executives for 2018 has been approved on an advisory basis. These results are preliminary until we receive a final report from the Inspector of Elections. After we receive this report, CNX will disclose the final results on a Form 8-K with the SEC within four business days after this meeting. I will now turn the meeting back over to Will Thorndike to say a few words and to close the meeting.
Thanks, Stephanie. This concludes the annual meeting of shareholders for 2019. We appreciate your attendance at this meeting. The formal portion of the meeting is adjourned. As there are no questions for management at this time, this concludes our meeting. Thank you again for attending our annual meeting and for investing in CNX Resources Corporation. Thank you.
The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.