Good afternoon, and welcome to the Dell Technologies Inc. 2026 annual meeting of stockholders. I'll now turn the call over to Paul Frantz, Vice President of Investor Relations. Paul, please go ahead.
Thanks, and hello, everyone. With me on the call today are Michael Dell, our Chairman and CEO, David Kennedy, our Chief Financial Officer, Rich Rothberg, our General Counsel and Secretary, and members of our board of directors. Also in attendance is Nicole Martucci from PricewaterhouseCoopers, or PwC, our independent auditor. Before we begin, a brief reminder that any statements made today regarding future results or events are forward-looking and based on current expectations. Actual results may differ materially due to risks and uncertainties described in our Form 10-K for the fiscal year ending January 30th, 2026. We assume no obligation to update our forward-looking statements. If you'd like to ask a question during the meeting, please submit it through the question box in the online portal. We'll address appropriate questions following the formal portion of the meeting.
We'll also post responses on our investor relations website or follow up directly where appropriate. With that, I'll turn the call over to Rich.
Thanks, Paul. I will serve as chair of the meeting and now call the 2026 annual meeting of stockholders to order. We received confirmation from Broadridge Financial Solutions Inc. that notice of this meeting and the related proxy materials were properly distributed to stockholders of record as of April 27th, 2026. The meeting is therefore duly called. A list of stockholders entitled to vote is available through the virtual meeting website. As of the record date, there are approximately 649.6 million shares outstanding and entitled to vote across Class A, B, and C common stock. Each Class A and Class B share carries 10 votes per share, and each Class C share carries one vote.
Natalie Harrison, on behalf of American Election Services, as the Inspector of Election for today's meeting, has confirmed that over 602 million outstanding shares of common stock, representing approximately 93% of the voting power, is represented at the meeting. Therefore, a quorum is present. The polls are now open. If you haven't voted, please do so electronically through the meeting site. If you've already submitted your vote, no further action is needed unless you want to change it. We have four proposals to vote on today. Proposal one, election of directors. There are eight nominees for election to the board. Seven nominees are standing for election as Group I directors, Michael S. Dell, David W. Dorman, Egon Durban, David Grain, William D. Green, Ellen J. Kullman, and Steven M. Mollenkopf. Holders of all series of common stock will vote together as a single class in the election of the Group I directors.
Lynn Vojvodich Radakovich is nominated as the Group IV director to be elected by Class C stockholders voting separately as a series. Each nominee was elected at the 2025 annual meeting and is currently serving. Full biographical information is included in the proxy statement. The board recommends a vote for all nominees. Proposal two, ratification of independent auditor. The audit committee has selected PwC to serve as our independent registered public accounting firm for the fiscal year ending January 29th, 2027. The board recommends a vote for ratification of the appointment of PwC. Proposal three, advisory vote on executive compensation. Stockholders are being asked to approve, on a non-binding advisory basis, the compensation of our named executive officers as described in the proxy statement. The board recommends a vote for approval. Proposal four, approval of re-domestication of Dell Technologies Inc. from Delaware to Texas.
Stockholders are being asked to approve the re-domestication of Dell Technologies Inc. from Delaware to Texas by conversion, as disclosed in the proxy statement. On May 3rd, 2026, the board unanimously determined that the re-domestication is in the best interest of the company and the stockholders, adopted the re-domestication resolution, approved the plan of conversion, and directed that the proposal be submitted for consideration by the company's stockholders. If approved, the re-domestication will become effective after submitting required filings with the Secretaries of State of Delaware and Texas. The board recommends a vote for approval of the re-domestication proposal. The election of each nominee to the board requires a plurality of votes cast. The approval of each of proposals two and three requires the affirmative vote of a majority of voting power present and entitled to vote.
The approval of proposal four requires the affirmative vote of a majority of the voting power present and entitled to vote, voting together as a single class, and a majority of the outstanding shares of each of Class A Common Stock and Class B Common Stock. The polls are now closed. The Inspector of Election has provided preliminary voting results as follows. Proposal one, each nominee received at least a plurality of votes cast, and therefore, all nominees have been elected. Proposal two, approximately 100% of the voting power present voted in favor. PwC has been ratified as our independent auditor for the current fiscal year. Proposal three, approximately 97% of the voting power present voted in favor. Named executive officer compensation has been approved on a non-binding advisory basis.
Proposal four, approximately 97% of the voting power of all classes of common stock voting together voted in favor, and approximately 100% of each of Class A Common Stock and Class B Common Stock voted in favor. The re-domestication of Dell Technologies Inc. from Delaware to Texas has been approved. Final results will be reported in a Form 8-K. This concludes the formal business of the meeting. The meeting is hereby adjourned.
Thank you, Rich. We'll now move to our question-and-answer session. If you'd like to submit a question, please use the Q&A box to the lower left quarter of the online portal. In the interest of hearing from as many stockholders as possible, we ask that you limit yourself to one question. We'll take a brief pause while we review received questions. Thank you. This concludes our question-and-answer session for today's meeting. Thank you for joining us. A replay of this meeting and additional information will be available on our investor relations website. We will file the final results based on the final vote tally with the SEC in the coming days. We did not receive any appropriate questions from the online chat. Thank you very much for attending.
Ladies and gentlemen, this concludes the 2026 annual meeting of stockholders of Dell Technologies. You may now disconnect.