Good morning and welcome to the 2021 H. P. Fuller Annual Meeting of Shareholders. If you are a shareholder and have logged into this meeting with your control number, at any time during this meeting, you may ask questions related to the proposals presented in the proxy statement for this annual meeting or the business of the company by clicking the Q and A button at the bottom of your screen, followed by typing your question into the text box. Questions will be answered following the official items of business provided.
They comply with the rules of conduct for the annual meeting, which are available on the meeting website. The question and answer session will be limited to 15 minutes. I would now like to turn the conference over to Jim Owens, President and CEO of H. P. Fuller.
Mr. Owens, please go ahead.
Good morning. I'm Jim Owens, President and CEO, and it's my pleasure to welcome you to our 2021 Annual Meeting of Shareholders. I'm joined today by Lee Mital, our Chairman, who will preside over this meeting and Tim Keenan, Vice President, General Counsel and Corporate Secretary of H. B. Fuller Company.
It's just after 10 am on Thursday, April 8, 2021, and I call this meeting to order. On behalf of our directors, officers and employees, I want to thank you for joining us for this virtual annual meeting of shareholders, now Tim Keenan will go through the business agenda.
Thank you, Jim. We're pleased to be joined today by all members of our of directors. Also in attendance on behalf of Ernst and Young LLP, our independent auditing firm is Bill Miller. I also would like to welcome Christine Sundberg, who represents Broadridge and is the Inspector of Elections for this meeting. Let's turn our attention to today's business.
I have an affidavit from our Inspector of Elections that the mailing of our annual report, proxy statement and proxy card commenced on February 24, 2021 to shareholders of record on February 10, 2021. The majority of the voting power of those shares is represented at this meeting by proxy. A quorum, therefore, is present, and I now declare this meeting open for official business. We have 4 proposals before us today, and that's presented in the proxy statement. The first is the election of directors.
3 directors have been nominated and named in the proxy statement for election to a 3 year term expiring at the 2024 Annual Meeting. They are Thomas W. Hanley, Maria Theresa Helado, S. Kimleshu, all are currently serving as directors. The Board of Directors recommends a vote for election of these directors.
The second proposal is to provide shareholders with an advisory vote on the compensation of our named executive officers as disclosed in our proxy statement. This advisory vote on executive compensation is not binding on the company's Board of Directors. However, the Board of Directors will take into account the result of the vote when determining future executive compensation arrangements. The Board of Directors recommends a vote before this proposal. The 3rd proposal is for the ratification of the appointment of our independent registered public accounting firm Ernst and Young LLP for the fiscal year ending November 27, 2021, the Board of Directors recommends a vote for the ratification of the appointment of Ernst and Young, LP.
The 4th and final proposal is to amend and restate the H. B. Fuller Company 2020 Master Incentive Plan to increase the number of shares of common stock of the company authorized for issuance under the plan by 900,000 shares and to adopt certain other amendments to the plan, the Board recommends a vote for this proposal. We will now turn our attention to the voting of the shares. If you are a shareholder of record and you have not yet submitted a proxy card and wish to vote on these proposals or wish to revoke a proxy card you have previously signed, you may vote for your shares by clicking on the voting button at the bottom of your screen now.
You will need the control number provided on the notice regarding the availability of proxy materials that you received in order to vote your shares online. We will now pause briefly to allow shareholders to vote. The polls are now officially closed and I would like to announce the results of the voting. Thomas W. Hanley, Maria Theresa Helado and Ruth S.
Kimelshoo have each been elected to the Board of Directors. The advisory vote on the compensation of our named executive officers is described in the proxy statement has passed. The proposal to ratify the appointment of Ernst and Young LLP has been approved. And finally, the amendment of the HP Fuller Company 2020 Master Incentive Plan has been approved. There being no other business to attend to, I declare the business portion of the 2021 Annual Meeting concluded.
Jim Owens will now lead the question and answer period.
Thank you, Tim. At this point, we would be happy to take questions from shareholders received online during this meeting Or in advance via the instructions in the proxy statement. Once again, if you have logged into the meeting as a shareholder with your control number and would like to ask question, you may do so now by clicking the Q and A button on the bottom of your screen followed by typing your question into the text box. If you have general questions about H. B.
Fuller, please include your contact information so we can respond directly to you after the meeting. We have allotted up to 15 minutes to answer questions. We'll now pause to allow questions to be submitted. We have received no questions at this time. But if at any time you have a question about HB4 that you wish to have answered, please contact Barbara Doyle, Vice President, Investor Relations at 651-236-5023.
I would like to conclude
By thanking everyone again for participating in today's meeting and for your continued support of H. B. Fuller. This meeting is now adjourned.