Good morning. I am Jim Shaughnessy, Docusign's Chief Legal Officer. I'm pleased to welcome you to the 2025 Docusign Annual Meeting of Stakeholders. Before I call the meeting to order, I'd like to welcome the members of the Docusign board, including our Chair, Maggie Wilderotter , our Chief Executive Officer, Allan Thygesen, and also joined by our Chief Financial Officer, Blake Grayson. I'd also like to acknowledge Karen Plunkett of PricewaterhouseCoopers LLP, the company's independent external auditors, who is available to respond to appropriate questions. At this time, we'll get started with the business of the annual meeting. I will act as Secretary and Chair of the annual meeting. The meeting will now officially come to order. This meeting will be conducted in accordance with the agenda and rules of conduct, which are posted on the meeting website. They outline how we will proceed.
To conduct an orderly and productive meeting, we ask participants to abide by these rules. As stated in the rules of conduct, if you would like to submit a question, you may do so by following the instructions on the meeting website. We will proceed with the formal business of the meeting as described in your Notice of Annual Meeting and Proxy Statement. Please note that we will first conduct the formal portion of this meeting, where we will present the proposals. After the formal portion of the meeting, we will keep the line open to address other questions that relate to the company's business and are of general interest to stakeholders.
Pursuant to the Delaware General Corporation Law, Section 219, a list of stakeholders entitled to vote at this meeting was provided for inspection during ordinary business hours at the company's principal place of business for a 10-day period ending yesterday. As of April 7, 2025, the record date for this meeting, there were 202,502,561 shares of our common stock outstanding and entitled to vote at this meeting. I also have an affidavit of Broadridge Financial Solutions for Broadridge, certifying that on April 16, 2025, a notice of the annual meeting of stakeholders of the company was deposited in the U.S. mail to all stakeholders of record at the close of business on April 7, 2025. The affidavit of mailing will be incorporated into the minutes of this meeting. At this time, I'd like to introduce Jim Reid from American Election Services. I'm appointing Mr.
Reid to act as Inspector of Elections at this meeting. Mr. Reid has taken and subscribed to the customary oath of office to execute his duties with strict impartiality. We will file this oath of the Inspector of Elections with the records of the meeting. His function is to decide upon the qualifications of voters, accept their votes, and when validation on all matters is completed, to tally the final votes. I've been informed by the Inspector of Elections that at least a majority of the company's issued and outstanding shares entitled to vote is present or represented by proxy at today's virtual meeting, and that therefore a quorum is present and the business of this meeting can be conducted. We will now proceed with the meeting by opening the polls.
The time is now 9:03 A.M. Pacific Daylight Time, and the polls have been open for voting on all matters to be presented since the meeting commenced. You may cast your vote at any time during the meeting until the closing of the polls. If you've already returned a proxy or voted by phone or through the internet, then you need not vote again online at this meeting unless you wish to change your vote. Your vote has already been included in the proxy count. If any stakeholder has not voted by proxy prior to the meeting and now wishes to vote, or if any stakeholder wishes to change his or her vote from that previously recorded, please vote or change your vote online on the website you've logged into to listen to the annual meeting.
After you've completed or changed your vote online and we have completed consideration of the items on the agenda, we will tabulate your proxies and balance. We encourage you to vote as early as possible. The polls will be closed to voting after we go through the matters to be voted on. There are three items of business on the agenda for this year's meeting, which were described in our proxy statement for this meeting. The first item of business is the election of three Class 1 directors to serve until the 2028 annual meeting and until their successors are elected. As set forth in our proxy statement, the board has nominated the following Class 1 directors: Teresa Briggs, Blake Irving, and Anna Mars. No other director nominees have been properly submitted for election. Therefore, no other nominations may be accepted.
The board of directors recommends a vote for the election of each of the nominated directors. Under our bylaws, which calls for a majority voting standard for the election of directors, each nominee must receive a majority of votes cast to be elected, which means a director nominee will be elected to the board if the votes cast for such a nominee's election exceed the votes cast against such a nominee's election. As Secretary of this meeting, on behalf of the board, I move for the election of each of the nominated directors, which motion is seconded by proxy. The second item of business today is the ratification of the selection of PricewaterhouseCoopers LLP, or PWC, as the company's independent registered public accounting firm for the fiscal year ending January 31, 2026. More information about this proposal can be found in our proxy statement.
The board of directors recommends a vote for the ratification of the appointment of PricewaterhouseCoopers LLP. The affirmative vote of the holders of a majority of votes cast for or against the matter will be required to ratify the selection of PricewaterhouseCoopers LLP. As Secretary of this meeting and on behalf of the board, I move for approval of this proposal, which motion is seconded by proxy. The third item of business today is a non-binding advisory vote on our named executive officer compensation. We're asking our stakeholders to approve our named executive officer compensation on a non-binding advisory basis. More information about this proposal can be found in our proxy statement. The board of directors recommends a vote for this proposal. The affirmative vote of the holders of a majority of votes cast for or against the matter will be required for advisory approval of this proposal.
As Secretary of this meeting and on behalf of the board, I move for approval of the non-binding advisory vote on our Named Executive Officer Compensation, which motion is seconded by proxy. That concludes the proposals for today's meeting. The voting procedures are as follows. Voting is by proxy or by written ballot that may be submitted electronically at this meeting via the virtual meeting website. If you are a record holder and wish to change your vote, did not send in a proxy and wish to cast your vote now, or have not already cast your vote using our electronic voting system, you may cast your vote by electronic ballot on the voting website now or at any time until the closing of the polls. You'll notice a link to the voting site on your screen.
Access to the voting site requires the control number you received before this meeting. If you do not indicate the number of shares you intend to vote on your electronic ballot, your electronic ballot will automatically represent all shares that you are entitled to vote at this meeting. Each share of common stock is entitled to one vote. You will also notice a link to ask questions during the meeting. Questions received will be reviewed by our legal team, and responses to pertinent questions will be sent to the relevant holders if contact details are provided. We will now briefly pause to allow for stakeholders to complete casting ballots electronically and submitting questions at this meeting. Please note that any votes by electronic ballot submitted today will be subject to final verification by the Inspector of Elections.
We have now covered all the business properly brought before the stakeholders today, so I now declare the polls for each matter of business to be closed for voting. The results to be announced are based on the preliminary tally provided by our Inspector of Elections. All votes are subject to a final count certified by the Inspector of Elections. Based on the preliminary voting results, the Inspector of Elections has confirmed that for Proposal One, all three nominees, Teresa Briggs, Blake Irving, and Anna Mars, have each been re-elected as the director of the company. For Proposal Two, PricewaterhouseCoopers LLP has been ratified as the company's independent registered public accounting firm for the fiscal year ending January 31, 2026. Proposal Three, the non-binding advisory vote on our named executive officer compensation, received the requisite number of votes to be passed at this meeting.
The Inspector of Elections will provide a final voting report, which will be included in the minutes of the meeting, and the final voting results will also be filed with the Securities and Exchange Commission. It is now 9:10 A.M. Pacific Daylight Time, and I declare that the business of today's meeting is concluded. At this time, our annual meeting of stakeholders has concluded, and we will hold a brief Q&A session to answer selected questions from our stakeholders. Only validated stakeholders or proxy holders are able to ask questions in the designated field on the virtual meeting website. We may address certain submitted questions relevant to this meeting and pertinent to matters properly brought before the meeting. Similar questions may be combined to avoid repetition. For any unanswered questions, you may reach out to our investor relations team at https://investor.docusign.com.
No questions pertinent to the meeting matters or related to the company's business have been submitted. It is now 9:11 A.M. Pacific Daylight Time, and I declare that the question-and-answer session is concluded. Thank you for attending our annual meeting, and thank you for your continued support of Docusign.
This now concludes the meeting. Thank you for joining, and have a pleasant day. The host has ended this call. Goodbye.