Morning, ladies and gentlemen. I'm Kenneth Woolley, the Chairman of the Board of Directors of Extra Space Storage. It's a pleasure to welcome you to the 2026 Annual Meeting of the Shareholders of the company. I will now call the meeting to order. I would like to introduce the current members of our Board of Directors, Joseph D. Margolis, also CEO of the company, Spencer F. Kirk, Diane Olmstead, Julia Vander Ploeg, Joseph J. Bonner, Gary L. Crittenden, Joseph Saffire, Mark Barberio, and Sue Harnett. In addition, I'd like you to introduce two future members of our Board of Directors, Crystal Maggelet and R.J. Pittman, all of who are in attendance today.
At this time, I'd also like to introduce key members of our management team, which include Noah Springer, President; Jeff Norman, Executive Vice President and Chief Financial Officer; Gwyn McNeal, Executive Vice President and Chief Legal Officer and Corporate Secretary; Samrat Sondhi, Executive Vice President and Chief Marketing Officer; Matt Herrington, Executive Vice President and Chief Operations Officer; Zachary Dickens, our Executive Vice President and Chief Investment Officer. I would also like to introduce our independent auditors from Ernst & Young LLP, available by phone. Howard Stoker, Salt Lake City Office Managing Partner of Ernst & Young. Gwyn McNeal, our Chief Legal Officer, will act as secretary of this meeting. Posted on the virtual meeting portal is an agenda for the meeting. On the second page of the agenda is the list of rules of conduct at the annual meeting.
To conduct an orderly meeting, we ask that participants abide by these rules. Ms. McNeal, as Chief Legal Officer, has delivered an affidavit of meeting establishing that the notice of this meeting was duly given. All shareholders of record as of 11:59 P.M. Eastern Time on May 13, 2026, are entitled to vote at the annual meeting. Our first order of business is to determine whether the shares represented at the meeting, either by person or by proxy, are sufficient to constitute a quorum for the purpose of transacting business. Ms. McNeal, do you have a report?
Yes, I do, Mr. Woolley. The shareholders listed list produced by Broadridge Financial Solutions shows that holders of 211,197,320 shares of common stock are entitled to vote at this meeting. We've been informed that there are represented in person or by proxy 199,539,090 shares of common stock, or approximately 94.47% of all shares entitled to vote at this meeting. Thus, a quorum of common stockholders of the company is present in person or by proxy.
Thank you, Gwyn. The next order of business is a description of the matters to be voted on at today's meeting. The first proposal before the shareholders at the meeting is the election of 10 directors to serve until the annual meeting of the shareholders in 2027 and until their successors are duly elected and qualified. The management of the company recommends the election of the following persons as directors of the company. Kenneth M. Woolley, Joseph D. Margolis, Julia Vander Ploeg, Joseph J. Bonner, Gary L. Crittenden, Joseph Saffire, Susan Harnett, Mark Barberio, Crystal Maggelet, and R.J. Pittman. The second proposal before the shareholders of the meeting is to consider an act upon the proposal to ratify the selection by the Audit Committee of the Board of Directors of Ernst & Young LLP as independent accountants for the company.
The third proposal before the shareholders of the meeting is to consider an act upon the compensation of the company's named executive officers. The fourth proposal before the shareholders of the meeting is to raise and vote on any other matter that may properly come before the meeting or any adjournments or postponements thereof in the discretion of the proxy holder. Proposals as to the nomination for the election of the directors of the company, the ratification of the selection of Ernst & Young as accountants for the company, the advisory vote as to the compensation of the named executives and other, and any other matter that may properly come before the meeting are now before this meeting. I will attend any pertinent discussion on the nominations and the motions before this meeting at this time.
Thank you, Mr. Woolley. I'll now report the results of the voting. As to the election of the directors addressed in the first proposal, all 10 nominees were elected with votes ranging between 96.68%-99.70%. As to the ratification of the selection of Ernst & Young, the proposal was passed with a vote of 94.88%. As to the consideration of the shareholders of this meeting to vote upon the compensation of the company's named executive officers, it was also ratified with a vote of 92.26%. There were no other matters that came before the meeting.
It appears on the basis of the report that the 10 nominees for the election as directors of the company have been elected. The motion as to the ratification of the selection of Ernst & Young LLP has been duly adopted. The vote upon the compensation of the company's named executives and the other matters before the meeting have passed. Now I'm opening up the meeting for questions, if any.
No questions.
It appears that we have no questions. Thank you for attending today's meeting. The meeting is adjourned.
Ladies and gentlemen, this concludes today's annual meeting. We thank you for participating. You may now disconnect your line.