Welcome to the Electronic Arts 2019 annual meeting of stockholders. My name is Jacob Schatz, and I'm EA's general counsel and corporate secretary. First, I would like to cover the agenda for today. We will start with the official business of the meeting, then Blake Jorgensen, our COO and CFO, will give a short presentation, followed by a Q&A session. During the Q&A session, please come up to the microphones at the front of the room to ask your question. During this meeting, we may make forward-looking statements about future events or the future financial performance of the company. Actual events or results may differ materially. We refer you to the company's most recently filed Form 10-K for a discussion of risk factors that could cause our actual results to differ materially from those discussed today. Now, I'll turn it over to Andrew Wilson.
Thanks, Jake. Good afternoon, and welcome to the Electronic Arts 2019 annual meeting of shareholders. Before turning to the formal items of business, I would like to introduce the members of the board of directors, executive officers, and a few others who are here today. Would you please stand up when I call your name? In addition to me, the members of the board of directors with us today are Larry Probst, our chairman. Luis Ubiñas, chair of the nominating and governance committee and our lead director. Rick Simonson, chair of the audit committee. Jay Hoag, chair of the compensation committee. Len Coleman. Jeff Huber. Talbott Roche. Heidi Ueberroth. Each of our current directors has been nominated for and has consented to serve for a one-year term. Their biographies and qualifications can be found beginning on page seven of our proxy statement.
The members of our executive staff joining us here today are Blake Jorgensen, Chief Operating Officer and Chief Financial Officer. Laura Miele, Chief Studios Officer. Ken Moss, Chief Technology Officer. Chris Bruzzo, Chief Marketing Officer. Joel Linzner, Executive Vice President and Worldwide Business Affairs. Mala Singh, Chief People Officer. Matt Bilbey, Executive Vice President of Strategic Growth. Ken Barker, Chief Accounting Officer, and Jake Schatz, General Counsel and Corporate Secretary. I would also like to introduce Lisa Monroe and Carolyn Stead from KPMG LLP, the company's independent auditors. They'll be available during the Q&A session if you have any questions. Jake Schatz, who has been appointed Secretary of this meeting, will now conduct the formal business of the meeting.
Thanks, Andrew. If you meet the voting requirements and have not already voted, please register now with Andrew Wilcox from Broadridge Financial Solutions, who has been appointed as Inspector of Elections. Mr. Wilcox is sitting at the proxy table. He will hand you a ballot to vote on the matters to be considered at this meeting. A list of EA stockholders as of the record date, June 14th, 2019, has been available at the company's headquarters for the past 10 days and is available for examination by any stockholder present today or by any proxy holder representing a stockholder. A copy of the notice of this meeting and a declaration of the mailing to each stockholder of record as of the record date also is available for inspection.
I am advised by the Inspector of Elections that a total of 253,086,230, or over 85% of the outstanding shares eligible to vote, are present in person or by proxy. A quorum is present, and the meeting is authorized to transact business. It is 2:03 P.M., and the polls are open. Proposal one is the election of nine members of the board for a term of one year. The board has nominated the following persons and recommends a vote for each nominee: Leonard Coleman, Jay Hoag, Jeffrey Huber, Lawrence Probst, Talbott Roche, Richard Simonson, Luis Ubiñas, Heidi Ueberroth, and Andrew Wilson. Proposal two is an advisory vote on the compensation of the company's named executive officers. Proposal three is the ratification of the appointment of KPMG LLP as the company's independent public registered accounting firm for fiscal year 2020.
Proposal four is the approval of the company's 2019 Equity Incentive Plan. Proposal five is the approval of the amendment and restatement of the company's certificate of incorporation to permit stockholders holding 25% or more of the company's common stock to call special meetings. The board of directors recommends a vote for each of proposals two, three, four, and five. Proposal six is a stockholder proposal to allow stockholders holding 15% or more of the company's common stock to call a special meeting. This stockholder proposal was jointly submitted by James McRitchie and Myra Young. Would the representative of the proponents please stand, identify yourself, and present the proposal.
Good afternoon. My name is Jin Zhao. I'm reading the proposal six. Shareholder's request that the board of directors takes the steps necessary to amend the company government documents to give shareholders with a total 15% net long position of the outstanding common stock the power to call a special meeting. This proposal is already a success because it can take credit for the appearance of proposal five on today's ballot. It is entirely consistent for shareholders to vote for proposal six and five. Proposal five is good, but proposal six is better. Proposal six is a stronger version of proposal five from a shareholder perspective.
A 15% stock ownership threshold is important because the 25% stock ownership threshold for shareholders to call a special meeting specified in Proposal Five may be unreachable due to time constraints under the detailed technical requirement that can trip up half of shareholders who want a special shareholder meeting. Thus, the 25% stock ownership threshold to call a special meeting can be up 50% stock ownership threshold to call a special meeting for practical purpose. Please vote for 15% special meeting stock ownership threshold call for us in Proposal Six. Thank you very much.
Thank you. The board of directors recommends a vote against this proposal. For further information about the proposal, please refer to the proxy statement. If you already have voted by proxy, you do not need to cast a vote unless you wish to change your vote. The proxy holders will vote your shares as indicated on your proxy. If anyone has requested to vote by ballot, please mark your ballots now and give them to the Inspector of Elections. It is now 2:06 P.M. The polls for voting are now closed, and no further proxies or ballots will be accepted. I've been advised by the Inspector of Elections that over 85% of the shares outstanding were voted by proxy and counted prior to the meeting.
A majority of the votes cast, either in person or by proxy, has been voted for each of the nine nominees for director and for Proposals 2, 3, 4, 5, and 6. This now concludes the formal business portion of the meeting. I declare the 2019 annual meeting of stockholders adjourned. We now will move on to a short presentation by Blake Jorgensen, followed by a question and answer period. Blake?
Welcome to the annual meeting. What you just saw is a new mode in our world-famous FIFA game, the largest console and PC game in the world. That mode is all about street football or football off of the pitch. What we know is that many people either learn football or play football outside of a grass field. This brings to the world and the people who love to play games the opportunity to play it that way, three on three, four on four, five on five, more than simply you would see as a regular competitive soccer that most of FIFA is built in. I just want to give you a quick view of our business. We have seen net revenue continue to climb in our business as we add more products and become more successful in some of our biggest products like FIFA.
That has continued to generate greater and greater operating cash flow for the company, greater earnings, and continued to fuel our success. If you look at the next slide, what you'll see is the stuff that's coming up soon. We've got all of our sports games. Madden just came out last week. FIFA comes out at the end of September, followed by NBA Live, NHL, our driving game, which is Need for Speed, and a big game for the fall, Star Wars Jedi: Fallen Order, which allows you to play actually as a Jedi in a Star Wars world. A very exciting game from our studio called Respawn. We also have two Plants vs. Zombies games coming out, a mobile version and then a console version, which is a first-person shooter style game. Also a lot of fun.
A small game that we just brought out this summer from a partner of ours through our partnership program, where we help young studios build capabilities and games, and that's called Sea of Solitude. Another big year for EA, and we're very excited about the slate of products that we have out now and to come. With that, I will open for any Q&A if anyone has any questions. Fantastic. I appreciate everyone coming. Make sure you sign up for your game if you didn't do that already. I know there's one excited young man there who's got Madden coming. We'll see everyone next year. Thank you