Welcome to the annual meeting for DoorDash, Inc. Our host for today's call is Tony Xu. At this time, all participants will be in a listen-only mode. I will now turn the call over to your host, Tony Xu. You may begin.
Good morning, everyone. I'm Tony Xu, CEO of DoorDash, and it's my pleasure as Chair of DoorDash's Board of Directors and of this meeting to welcome you to our 2026 Annual Meeting of Stockholders and call the meeting to order. We are joined today by members of DoorDash's Board of Directors and representatives of management and leadership. We also have here with us representatives from KPMG, our independent registered public accounting firm, who will be available to respond to appropriate questions during the Q&A session at the end of this meeting. Now, I would like to turn the formal portion of the meeting over to Tia Sherringham, our General Counsel. I've asked Tia to also act as Secretary and keep the minutes.
Thanks, Tony. As an overview of today's meeting, we will begin with the formal business portion, during which we will address the matters described in our 2026 proxy statement and vote on the proxy proposals. We will then announce preliminary voting results and adjourn the formal portion of this meeting. Afterward, we will provide time for a Q&A session. We have adopted rules of conduct for the meeting, a copy of which is linked on our webcast. As noted in the rules of conduct, stockholders will be able to submit questions up until we begin the Q&A portion of the meeting. Broadridge Financial Solutions has provided an affidavit confirming that starting on April 20th, 2026, proxy materials related to this meeting were mailed to stockholders of record as of the close of business on April 15, 2026.
A representative of American Election Services has been appointed as our Inspector of Election for this meeting and has signed an oath. Our Inspector of Election will examine and tabulate proxies and ballots at the meeting. Broadridge's affidavit and the Inspector of Election oath will be filed with the minutes of the meeting. The Inspector of Election reports that the holders of a majority of the combined voting power of our Class A and Class B common stock outstanding as of the record date are present at the meeting, either virtually or by proxy, which constitutes a quorum. Today's meeting is duly convened and open for business. We'll now proceed with the formal business of the meeting. The polls are now open for voting. Voting today is by proxy and online ballot. Stockholders of record attending virtually may vote online before the polls close.
If you previously submitted your proxy, you don't have to vote again today unless you would like to change your vote. We have three matters to be voted on during today's annual meeting. Detailed information concerning these matters is contained in the company's annual proxy statement filed with the U.S. Securities and Exchange Commission on April 20th, 2026, and these matters are deemed duly presented at this meeting. The first matter to be voted on is the election of Shona L. Brown, Milan Kovac, Alfred Lin, and Stanley Tang to serve as Class III directors of the company until the company's 2029 annual meeting of stockholders and until their successors are duly elected and qualified. All nominees were proposed by the company's board of directors. No nominees were submitted by stockholders. The board of directors unanimously recommends a vote for the nominees.
The second matter to be voted on is a proposal to ratify the appointment of KPMG, an independent registered public accounting firm, as the company's auditors for the fiscal year ending December 31st, 2026. The board of directors unanimously recommends a vote for this proposal. The third matter to be voted on is a proposal to approve, on an advisory basis, the compensation of the company's named executive officers. The board of directors unanimously recommends a vote for this proposal. The polls are still open. Those who are entitled to vote at this meeting and who wish to vote now or wish to change their vote may do so via the web portal and then by clicking the Vote Here button for your vote to be counted by the Inspector of Election. We will leave the polls open for another minute, and I will pause speaking during this time.
The polls for each matter to be voted on at this meeting are now closed. The proxies and ballots will be tabulated by the Inspector of Election. Based on preliminary voting results regarding Proposal 1, each of the director nominees has been elected. Regarding Proposal 2, the ratification of the appointment of KPMG is approved. Regarding Proposal 3, the advisory vote on the compensation of the company's named executive officers has received a majority of the voting power present in favor of approval. These voting results are preliminary only. The final results will be reported in a Form 8-K filed with the U.S. Securities and Exchange Commission within four business days of the date of this meeting.
Thank you, Tia. I want to thank you all for attending DoorDash's 2026 Annual Meeting of Stockholders. There being no further business to come before this meeting, the formal portion of this meeting is adjourned. We invite you to stay for a brief Q&A session. At this point, questions are no longer allowed to be submitted.
Hi, everyone. My name is Wes Twigg, and I'm the senior director of investor relations at DoorDash. Thanks for your patience while we take a minute to review any submitted questions. All right. Before we begin the Q&A portion of the meeting, I would like to note that our responses to stockholder questions today may include forward-looking statements. This includes statements relating to future events, the performance of our business, future financial results and guidance, our strategy, long-term growth, and overall future prospects. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those projected or implied during this meeting. In particular, those described in our risk factors included in our filings with the SEC. You should not rely on our forward-looking statements as predictions of future events.
All forward-looking statements that we make at this meeting are based on assumptions and beliefs as of the date hereof, and we disclaim any obligation to update any forward-looking statements, except as required by law. Also, our responses may include discussion of certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are provided in our earnings releases for prior quarters and other filings with the SEC, all of which are available on our investor relations website. These non-GAAP measures are not intended to be a substitute for our GAAP results. In addition to any questions addressed today, you can refer to our IR page, ir.doordash.com, to address certain questions. We have one question, which is, "When will the executive board demand that the same mistakes cease happening over and over during deliveries?
We are promised by representatives overseas that certain incidents won't happen again, yet they cannot promise this, and they do happen again, over and over, like leaving bags on the ground when instructions say leave it on the table. Orders being brought to the wrong residence on a property even though the directions and address are on the profile. Sometimes there is no compensation." All right. Our response is we always strive to do our best for consumers. We don't always get it perfect, but we always strive to improve our selection, quality, affordability, and service. That's the mantra that has led us to our performance to date and our guiding ethos every day. There are no further questions. We will now conclude the Q&A portion. I would like to thank you for attending. We appreciate your continued support of DoorDash. Have a great day.
The meeting has now concluded. Thank you for joining, and have a pleasant day.