Good morning and welcome to the 2025 annual meeting of the shareholders of EastGroup Properties. Today's meeting is being conducted in a virtual format. My name is Don Colleran. I am chairman of the board of EastGroup Properties. First, I want to welcome you and express the thanks to the board and the management for your attendance at today's meeting, which is virtual to us shareholders. Next, I would like to introduce the other EastGroup directors and officers who are present here today: our director team, D. Pike Aloian, H. Eric Bolton Jr., David M. Fields, Mary E. McCormick, and Katherine M. Sandstrom. Also, we have our officer team here with us today, led by Marshall A. Loeb, president, chief executive officer, and member of the board of directors; Brent W. Wood, chief financial officer, executive vice president and treasurer; John F. Coleman, executive vice president; Staci H.
Tyler, Executive Vice President, Chief Accounting Officer and Chief Administrative Officer; Ryan M. Collins, Executive Vice President; R. Reid Dunbar, Executive Vice President; and C.J. Peters, Vice President, Internal Counsel and Secretary. I would also like to introduce Mr. Eric Keelman and Ms. Virginia Gamble of the accounting firm, KPMG LLP. I hereby officially call the 2025 annual meeting of the shareholders of EastGroup Properties to order. Ms. Wendy Joyner has been appointed as Inspector of Election and has executed her oath of office. I direct that oath of the office of the Inspector of Election to be filed with the minutes of the meeting.
The secretary has informed me that there is a present, by virtual presence or by proxy, at this virtual meeting, the holders of record at the close of business, March 21, 2025, at least a majority of the shares of common stock of the company entitled to vote. A quorum is declared present at this meeting for all purposes. The meeting is declared lawfully and properly convened and now competent to proceed to the transaction of the business for which it has been called and stated in the notice of the meeting. There are three proposals to be acted on at this meeting, which are set forth in the company's proxy statement delivered to shareholders in connection with this meeting.
These proposals relate to: one, the election of seven directors named in the proxy statement; two, the ratification of KPMG LLP as the company's independent registered public accounting firm for the year ending December 31, 2025; and three, the approval by a non-binding advisory vote the compensation of the company's named executive officers. Before opening up the floor for questions, I would like to remind shareholders that questions should be limited to those relating to the proposals to be voted on at this meeting. At this time, I would like to open the floor for questions relating to these proposals. Shareholders who have logged in using their control number may submit a question through the virtual meeting platform. I will now pause to allow shareholders with questions relating to the proposals to submit them. Okay.
As there are no questions relating to the proposals at this time, I now declare the proposals open for a vote of the shareholders on the three proposals to be acted on at this meeting. As a reminder, if you have previously submitted a proxy or submitted a vote and do not want to change that vote, you do not need to do anything. For those shareholders who have logged in using their control number who wish to vote, you may now vote by clicking on the Vote Here screen and your record will reflect that all shares for which proxies were returned to the company were voted in accordance with the instructions received. I will now pause again to allow shareholders who wish to vote to do so. The voting polls are now closed.
Complete results of today's meetings will be made available by the filing of a current report on Form 8-K on the SEC's EDGAR system within four business days of the date of this meeting. There being no further business to come before this meeting, I hereby declare the meeting adjourned. Thank you for your time, interest, and investment in EastGroup Properties, and have a wonderful day.