Welcome to the H.B. Fuller Annual Meeting of Shareholders. I would now like to turn the conference over to Jim Owens, President and CEO of H.B. Fuller. Please go ahead.
Good afternoon. I'm Jim Owens, President and CEO, and it's my pleasure to welcome you to our 2018 Annual Meeting of Shareholders. I'm joined today by Lee Mitau, our chairman, who will preside over this meeting. The time now is 2:00 P.M. on Thursday, April 12th, 2018, 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. Following the official items of business, we will answer questions submitted on the website. If you have logged into the meeting with your control number, you may ask a question by typing it into the box at the bottom of the screen any time during this meeting. Now, Tim Keenan, Vice President, General Counsel, and Corporate Secretary of H.B. Fuller will go through the business agenda.
Thank you, Jim. We are pleased to be joined today by all nine members of our board of directors. Also in attendance on behalf of KPMG, our independent auditing firm, are Ben Reinhart and Travis Rabe. 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 28th, 2018, to shareholders of record on February 14th, 2018. The majority of the voting power of those shares is represented at this meeting by proxies. A quorum, therefore, is present. I now declare this meeting open for official business. We have four proposals before us today as presented in the proxy statement. The first is the election of directors.
Three directors have been nominated and named in the proxy statement for election to a three-year term expiring at the 2021 annual meeting. They are Thomas W. Handley, Maria Teresa Hilado, and Ruth Kimmelshue. All are currently 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 third proposal is for the ratification of the appointment of our independent registered public accounting firm, KPMG LLP, for the fiscal year ending December 1, 2018. The fourth and final proposal is to approve the H.B. Fuller Company 2018 Master Incentive Plan.
We will now turn our attention to the voting of the shares. If you have not yet submitted a proxy card and wish to vote on these items 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. You will need the control number provided in your proxy in order to vote your shares online. I'll now pause to allow shareholders to vote. The polls are now officially closed, I would like to announce the results of the voting. Thomas W. Handley, Maria Teresa Hilado, and Ruth Kimmelshue have each been elected to the board of directors. The advisory vote on the compensation of our named executive officers, as described in our proxy statement, has passed. The proposal to ratify the appointment of KPMG has been approved. Finally, the H.B.
Fuller Company 2018 Master Incentive Plan has been approved. There being no other business to attend to, I declare the business portion of the 2018 annual meeting concluded. Jim Owens will now lead the question and answer period.
Thanks, Tim. At this point, we would be happy to take your questions. Once again, if you have logged into the meeting with your control number and would like to ask a question, you may do so now by typing your question into the box at the bottom of the screen. We will prioritize questions that relate to proposals considered at this meeting. 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 10 minutes to answer questions. We will now pause to allow questions to be submitted. Okay, we have received no questions. If at any time you have a question about H.B. Fuller that you wish to have answered, please contact Maximilian Marcy, Director, Investor Relations and International Finance at 651-236-5062.
I would like to conclude by thanking everyone for participating in today's meeting and for your continued support of H.B. Fuller. The meeting is now adjourned.