Hello, and welcome to the 2020 Annual Stockholder Meeting of 3D Systems Corporation. Please note that today's meeting is being recorded. During the meeting, there will be a question and answer session. You can submit questions or comments at any time by clicking on the message icon on your screen. It is now my pleasure to turn today's meeting over to Vyomesh Joshi, President and CEO of 3D Systems. Mr. Joshi, the floor is yours.
Good morning, ladies and gentlemen. I'm Vyomesh Joshi, the President and CEO of 3D Systems. I would like to call to order the 2020 Annual Meeting of Stockholders of 3D Systems Corporation. Personally, and on behalf of the Board of Directors, I am pleased to welcome you to this virtual meeting. I would like to introduce our Board Chair, Chip McClure, and other directors who are online today: Malissia Clinton, Will Curran, Tom Erickson, Chuck Hull, Will Humes, Jim Kever, Kevin Moore, John Tracy, and Jeff Wadsworth.
In addition to Chuck Hull, a Director and our Executive Vice President and Chief Technology Officer, I would also like to introduce my fellow officers that are here with me today: Andy Johnson, our Executive Vice President, Chief Legal Officer, and Secretary, who will handle the formalities of this meeting. Herbert Koeck, our Executive Vice President, Global Go-To-Market; Radhika Krishnan, our Executive Vice President, Software and Healthcare Business Unit; Phil Schultz, our Executive Vice President, Operations; and Sadie Stern, our Executive Vice President, People and Culture. Finally, I would like to introduce Jeffrey Wilkinson of BDO USA, LLP, our independent registered public accounting firm. Mr. Wilkinson is on our meeting today to respond to any appropriate questions you may have. Many of you on our virtual meeting are employees as well as stockholders of our company, and I'm very pleased that you have joined us today.
I will preside over the meeting, and Andy Johnson will act as Secretary of the meeting. I would like to complete the formal business of the meeting first and then open it up for questions and comments. As Presiding Officer, I have appointed Brian Fraser of Computershare Trust Company, our transfer agent, to serve as Inspector of Election for this meeting. I would like to ask the Secretary to take care of the formalities of the meeting before we move on. Andy?
Thank you, VJ. The polls are now open for voting via the Internet on all matters on which the stockholders will vote at this meeting. To vote during this virtual meeting, click on the "Vote Now" banner on the Meeting Center web page and follow the instructions. Please submit your vote now as online voting will close shortly upon completion of the formal business of this meeting. If you have questions during the meeting, you can submit those questions in writing by selecting the messages icon in the virtual Meeting Center. The Inspector of Election has already tallied the proxies that he has received and has provided us with a preliminary count of the shares present in person or by proxy at this meeting.
That count shows that a quorum is present and that the stockholders have preliminarily approved, first, the election of 11 directors to serve until the next annual meeting, but until their successors are duly elected and qualified, second, on an advisory basis, the compensation paid to our named executive officers, third, the approval of the amendment and restatement of our 2015 Incentive Plan, which would, among other things, increase the number of shares reserved for issuance thereunder by 4,860,000 shares, and fourth, the ratification of the appointment of BDO USA, LLP as our independent registered public accounting firm for 2020. The Inspector of Election will report later in this meeting on the number of shares voted on each matter. Notwithstanding the Inspector's preliminary report, we will present and vote on each of these matters.
I would also like to report that I have received an affidavit from Computershare certifying that a notice of Internet availability of proxy materials was mailed commencing on April 7, 2020, to all holders of record of the company's Common Stock on March 20, 2020, which was the Record Date for this meeting. A complete alphabetical listing of the stockholders of record of the company who are entitled to vote at this meeting was prepared and will remain open for inspection via a link in the virtual Meeting Center during this meeting. This will then be filed with the record of the meeting. VJ?
Thank you, Andy. Since the quorum is present, we can proceed with the meeting. We have four agenda items this morning, each of which was described in the proxy statement. The first matter to be acted upon is the election of the 11 directors to serve until the next annual meeting and until their successors are duly elected and qualified. Andy Johnson will read the nominations recommended by the Board of Directors in the proxy statement. Andy?
Malissia R. Clinton, William E. Curran, Thomas W. Erickson, Charles W. Hull, William D. Humes, Vyomesh Joshi, Jim D. Kever, Charles G. McClure, Kevin S. Moore, John J. Tracy, and Jeffrey Wadsworth.
Thank you, Andy. The second matter to be voted upon is the approval, on an advisory basis, of the compensation paid to our named executive officers. The third matter to be voted upon is the amendment and restatement of the 2015 Incentive Plan, which would, among other things, increase the number of shares for issuance thereunder by 4,860,000 shares. The fourth matter to be voted upon is the ratification of the appointment of BDO USA, LLP as our independent registered public accounting firm for the year ending December 31st, 2020. Do we have any questions on these matters?
VJ, we show none.
In the absence of any questions, I declare the polls closed for voting on the matters before the meeting. Will the Inspector of Election please give his preliminary report? Brian?
There are present in person or by proxy at this meeting the holders of an aggregate of at least 89 million shares of the Common Stock of the company, representing approximately 74% of the voting power of the stock entitled to vote at this meeting. One, a majority of the shares cast have voted in favor of the election of each of the director nominees named in the proxy statement. Two, a majority of the shares present in person or represented by proxy at the meeting and entitled to vote on the matter have been cast in favor of the approval, on an advisory basis, of the compensation paid to the company's named executive officers.
Three, a majority of the shares present in person or represented by proxy at the meeting and entitled to vote on the matter have been cast in favor of the approval of the amendment and restatement of the 2015 Incentive Plan, and four, a majority of the shares present in person or represented by proxy at the meeting have been cast in favor of the ratification of the appointment of BDO USA, LLP as the independent registered public accounting firm of the company for the year ending December 31st, 2020. I will file my formal report with the Secretary.
Thank you. Based upon the report of the Inspector of Election, I declare that the director nominees listed in the proxy statement have been elected. The compensation paid to the company's named executive officers has been approved on an advisory basis. The amendment and restatement of the 2015 Incentive Plan has been approved. And the appointment of BDO USA, LLP as the independent registered public accounting firm of the company for the year ending December 31st, 2020, has been ratified. The Secretary will incorporate the formal report of the Inspector of Election, including the results of the votes, with the record of this meeting. We have concluded the business portion of the annual meeting, which is officially adjourned. The Chairman of our Board of Directors, Chip McClure, would now like to provide a few comments regarding our recent announcement of the hiring of Dr.
Jeffrey Graves as my successor upon my retirement as President and CEO on May 25th, 2020. Chip?
Thank you, VJ. Last Thursday, we announced the appointment of Dr. Jeff Graves as our new CEO, effective Tuesday, May 26. Jeff has over 17 years as CEO of three different public companies. They are C&D Technologies, KEMET Electronics, and the last eight years as CEO at MTS Systems. He has a Bachelor of Science degree in Metallurgical Engineering from Purdue University and a Master of Science, as well as a PhD in Metallurgical Engineering from the University of Wisconsin. Although he does not officially start until next week, he has joined us for today's shareholder meeting, and on behalf of the entire Board of Directors and Executive Leadership Team, I'd like to, first of all, welcome Jeff to 3D Systems. Welcome aboard. On another note, this is VJ's last annual meeting as CEO. VJ has faithfully served as CEO of 3D Systems for the last four-plus years.
On behalf of the entire Board of Directors and Executive Leadership Team, I want to take this opportunity to thank you, VJ, for your time as CEO and to wish you all the best in your retirement. Again, thank you, VJ, and back to you.
Thank you, Chip. We are now happy to take any questions submitted before or during the meeting.
VJ, we are showing no questions from any participants who have registered as stockholders for the meeting.
Okay. Then thank you for taking the time to attend our annual meeting. As there is no further business to come before the meeting, I hereby declare the 2020 Annual Meeting concluded.
Ladies and gentlemen, this concludes today's meeting. You may now disconnect and have a pleasant day.