Welcome to the HollyFrontier Corporation twenty twenty one Annual Meeting of Stockholders. I am Michelle, Holly Pateh, Senior Vice President, General Counsel and Secretary of Holly sphere, Frontier Corporation, and I will be serving as Secretary of this meeting. The agenda for the meeting is posted on the meeting website. We will conduct the formal business portion of our meeting first and answer questions at the end of the meeting. As a reminder, questions related to this meeting posed by validated stockholders or anyone holding a valid proxy for this meeting can be submitted via the meeting's website during the meeting.
We will answer as many questions as time permits during the Q and A portion of the meeting. Responses to questions related to the business of this meeting that we are unable to answer during the meeting will be posted on HollyFrontier's website on the annual report and proxy page under the financial information tab. Please note that audio or video recording of this meeting is prohibited. A webcast playback will be available at the meeting website within twenty four hours after the completion of the meeting. We have opened the polls at the start of the meeting so that validated stockholders or those holding a valid proxy for this meeting may vote during the meeting by following the instructions provided and clicking on the voting button on the meeting website.
Stockholders who have previously sent in proxies or have voted by mail via the Internet or by telephone and do not want to change their votes do not need to take any further action. Please note that in the event of a technical malfunction or other problem that disrupts this meeting, our Chairman may adjourn, read us or expedite the meeting or take any action that he determines to be appropriate. In such case, stay connected to this meeting for at least fifteen minutes or until instructed otherwise. I would like to introduce our Chairman, Franklin Myers.
Thank you, Michelle. Good morning. In accordance with the notice of annual meeting, it's now 08:30 a. M. Central Daylight Time, and I hereby call the meeting to order.
Thank you for attending our meeting today. I would like to introduce HollyFrontier's CEO and President, Mike Jennings. Thank you, Franklin, and welcome, everyone. Thank you for joining us today for our twenty twenty one Annual Meeting of Stockholders. I would like to thank our Board and members of our management team on the line with us today.
I would also like to introduce Scott Hickson and Terry Hosey with Ernst and Young, who have joined us for the meeting. This is Scott Hickson from Ernst and Young. Thank you for having me today. Hi. This is Terry Hosie from Ernst and Young.
Thanks for having me. Thank you, Scott and Terry, and thank you all for joining us. I will now turn the meetings back to Vishali to run the business of the meeting.
Thanks, Mike. Notice for the annual meeting was duly given on 03/25/2021, in accordance with the Cuffins' bylaws, SEC rules and guidance, Delaware laws and recent executive orders. As a reminder, the polls are open on the meeting website and will remain open until the end of our Q and A session. An affidavit has been received from Broadridge Financial Solutions attesting to the notice for mailing to stockholders commencing on 03/25/2021 of the notice of meeting or proxy statement, annual report and proxy card to all stockholders other than those for whom mailing is not required under Delaware law as shown in the company's stock records at the close of business on the record date. This affidavit will be filed with our corporate records and will be available upon request for inspection after this meeting.
The shares represented shares, which constitutes a forum for the meeting under the company's bylaws. Ms. Chandni Jackson, a representative of Broadridge Financial Solutions, has been appointed as Judge of Election to tally the vote for this meeting. Her oath as judge is being filed with the records of this meeting and will be available upon request for inspection after this meeting. A copy of the minutes of last year's Annual Meeting of Stockholders held 05/13/2020, will be available upon request for review after this meeting.
03/15/2021, was set by resolution of the Board of Directors as the record date for today's annual meeting. All stockholders of record or their proxy holders at the close of business on 03/15/2021 are entitled to participate in this meeting, vote and submit questions. The list of stockholders as of the record date for this meeting is available for inspection by validated stockholders on the meeting website. Each of the matters to be considered today is described in our proxy statement. The purposes of today's annual stockholders meeting are: first, to elect 10 directors each to serve until the next Annual Meeting of Stockholders or until his or her resignation, removal or respected successor is qualified in the office.
Management nominees are Anne Marie Ainsworth, Anna Catalano, Seldon Echols, Manuel Fernandez, Michael Jennings, Craig Kanoki, Robert Kiselnick, James Lee, Franklin Myers and Michael Rose. Our second item for consideration is an advisory vote to approve the compensation of the company's named executive officers. The third item for consideration today is the ratification of the selection of Ernst and Young, LLC as the company's registered public accounting firm for the twenty twenty one fiscal year. The fourth item for consideration today is a stockholder proposal for simple majority vote submitted by Mr. Kenneth Steiner.
In accordance with the company's bylaws, SEC rules and guidance and Delaware law, his representative, Mr. John Chabetin, will now have an opportunity to present the simple majority vote proposal for consideration at this meeting. Mr. Chavezin will be allowed four minutes to make the proposal presentation. Please go ahead, Mr.
Chavezin.
Hello. This is John Chavezin. Can you hear me okay?
Yes.
This is proposal for, simple majority vote. Joe's requested our board take each step necessary so that each voting requirement in our charter and bylaws that is explicit or implicit due to default to state law that calls for a greater than simple majority vote be replaced by requirement for majority of the votes cast for and against federal or a simple majority. If necessary, this means to close the standard to a majority of votes cast for and against such proposals. Shareholders are willing to pay a premium for shares of companies that have excellent corporate governance. Supermajority voting requirements have been found to be one of six entrenching mechanisms that are negatively related to company performance according to what matters in corporate governance by Lucian Bebchak of the Harvard Law School.
Super majority requirements are used to block initiatives supported by most shareholders but opposed by a status quo management. This proposal topic won from 74% to 88% support at Wehrhaeuser, Alcoa, Waste Management, Goldman Sachs, FirstEnergy, McGraw Hill, and Macy's. These votes would have been still higher than 74% to 88% if more shareholders had access to objective proxy voting advice. This proposal topic also received an overwhelming 99% support at the twenty nineteen Fortive Annual Meeting. Our current 67% super majority vote requirement means that the support is needed from 90% of the shares that vote at our annual meeting in order to modernize the governing documents of the company.
By assisting on 90% support for modernization, management sends a message that it is focused on living in the past. There should be urgency in reforming our outdated corporate governance giving given that our stock was at $75 in 2018. Please vote yes. Civil majority vote proposal four.
Thank you. We will now pause for a moment to allow voting by any validated stockholders and proxy holders who wish to do so. If you have not already voted, you may vote by following the instructions for voting on the meeting website. We will begin our Q and A session in one minute. Before we begin our Q and A session, I would like to introduce Rich Bolivar, Executive Vice President and CFO and Craig Barry, Vice President, Investor Relations.
Mr. Barry will be reading the stockholder comments or questions related to the business of the meeting that are submitted. We will begin with a few questions that we received in advance of today's meeting.
Our first question is when was the last time you did share buybacks? Right. The last open market repurchases of the company's stock by the company were performed in the fourth quarter of twenty nineteen. Thank you, Mike. Our next question is what was the total CEO pay for 2020 and 2019?
Thanks, Craig. And I would encourage you to look at the summary compensation table found in our proxy statements, which are available on the HollyFrontier website. There being no further questions and now that Validated stockholders and proxy holders have had an opportunity to vote, I declare the polls close at 08:41 a. M. Central Daylight Time.
With the judge's election, please tally the votes and submit a preliminary voting report on the stockholder vote. We have been informed by the judge of elections that the preliminary vote report shows that the nominees for election to the board have been duly elected. The compensation of the named executive officers has been approved by advisory vote. The selection of Ernst and Young LLP as the company's registered public accounting firm for the 2021 fiscal year has been ratified and the stockholder proposal for simple majority vote has been approved. We will report the final vote results in a Form eight ks to be filed within four business days.
There being no further business to come before the meeting, the twenty twenty one Annual Meeting of Stockholders of HollyFrontier Corporation is now adjourned. Thank you for your participation in today's meeting.