Good day, welcome to the Equity LifeStyle Properties, Inc. annual meeting of stockholders. I would now like to turn the conference over to Marguerite Nader, Vice Chairman and Chief Executive Officer. Please go ahead.
Good morning. I am Marguerite Nader, Vice Chairman and Chief Executive Officer of Equity LifeStyle Properties, Inc. I would like to welcome you to the company's annual meeting of stockholders. We appreciate your interest in the company. 2025 was a great year for ELS, and we continue to report impressive results in 2026. Our properties are located in highly desirable retirement and vacation markets that continue to show outsized population growth. Our team members are focused on delivering excellent customer service, and their efforts are appreciated. Our board members are participating in this virtual meeting. The meeting will be conducted as set forth on the agenda and in the rules of conduct posted in the meeting materials section online. During the tabulation of votes, we will answer questions in accordance with the rules of conduct.
If you have logged into the meeting with your control number, you may submit a question in the Ask a Question section in the bottom left portion of your screen by typing your question into the box. If at any time during this call you are experiencing technical difficulties, please call 1-844-986-0822 for stockholders in the United States, or 1-303-562-9302 for outside the United States. The Secretary of the Company has informed me that no notice has been properly received regarding business to be considered at the meeting other than the three proposals presented in the company's proxy statement.
I will now ask David Eldersveld, Executive Vice President, Chief Legal Officer, and Corporate Secretary of the company, to present proof of mailing of notice of this meeting and to report to us on the stockholders present by proxy.
Ms. Nader, commencing on March 19, 2026, a notice of this annual meeting of stockholders with the related proxy statement was sent to each stockholder of record determined as of the close of business on February 13, 2026, the record date for this meeting. Here's the Broadridge Financial Solutions signed affidavit of distribution relating to the notice, which I will file with the minutes of this meeting. In connection with this meeting, proxies were solicited from all stockholders of record. According to the records of the company and the Computershare Trust Company, the company's transfer agent, a total of 193,927,571 shares of common stock were issued, outstanding, and entitled to vote at this meeting at the close of business on the record date. Each share is entitled to one vote on each proposal.
Of the 193,927,571 shares entitled to vote, valid proxies were received from the holders of 182,835,488 shares. This is equivalent to 94.28% of the shares issued and outstanding. The proxies designate Ms. Nader and Mr. Heneghan acting alone to vote the shares represented by the proxies.
Thank you, Mr. Eldersveld. I have been informed that the holders of more than a majority of the shares of common stock outstanding and entitled to vote at this meeting are present or represented by proxy. Therefore, the Chair declares that a quorum is present, and the annual meeting of stockholders is now called to order.
I am presenting the minutes from last year's annual meeting of stockholders, and I move that we dispose with the reading of the minutes from last year's annual meeting of stockholders and approve them as presented.
I second the motion. The minutes are approved. There are three items of business today. The first item is to elect nine directors to serve until the 2027 annual meeting of stockholders. As indicated in the proxy statement, the board of directors has nominated the following nine current directors: Andrew Berkenfield, Derrick Burks, Philip Calian, David Contis, Constance Freedman, Thomas Heneghan, Marguerite Nader, Radhika Papandreou, and Scott Peppet for election as directors to serve until the 2027 annual meeting of stockholders. The second item of business is to ratify the selection of Ernst & Young as the company's independent public accounting firm for the year ended December 31, 2026. The third item of business is to conduct a non-binding advisory vote on executive compensation.
I move to elect the nine nominees for director to ratify the selection of Ernst & Young as the company's independent registered public accounting firm for the year ended December 31st, 2026, and to approve, on a non-binding advisory basis, the compensation paid to our named executive officers in 2025 as disclosed in the proxy statement.
I second the motion.
Jeanne Carr from MacKenzie Partners is in attendance of the meeting and acting as inspector of elections. We will now turn our attention to voting of the shares. If you are a stockholder of record who did not return a proxy but wish to vote on the proposals or wish to revoke a proxy card you have previously signed, you may vote your shares by clicking on the Vote Here button on your screen now. While the votes are tabulated, we will conduct a question session for questions about the company's proposals at this meeting. If you have logged into the meeting with your control number, you may submit a question in the Ask a Question section in the bottom of your screen by typing your question into the box.
If you have questions or concern about individual properties, please include your contact information, and we will respond directly to you after the meeting. We will allow one question per stockholder, and we will now pause to allow the questions to be submitted. We have received no questions. Therefore, that concludes our comment and question session. At this time, we will allow for a moment to vote by control number if anyone wishes to vote in that way. The polls are now officially closed. Mr. Eldersveld, would you please report on the vote of the three proposals?
Each of the three proposals received the votes required to approve the proposals.
Since each of the three proposals received the votes required and there is no further business to be conducted, I move that the meeting adjourn.
I second the motion.
The motion carried, and the meeting is hereby adjourned. Thank you for participating in our annual meeting of stockholders.
Thank you. The conference is now concluded. Thank you all for attending today's event. You may now disconnect.