Good morning and welcome to the 2025 H.B. Fuller Company 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&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 Celeste Mastin, President and CEO of H.B. Fuller. Ms. Mastin, please go ahead.
Good morning. I'm Celeste Mastin, President and CEO, and it's my pleasure to welcome you to our 2025 annual meeting of shareholders. I'm joined today by Terry Rasmussen, our Chair of the Board, who will preside over this meeting, and Gregory Ogunsanya, Senior Vice President, General Counsel, and Corporate Secretary of H.B. Fuller Company. It is just after 10:00 A.M. on Tuesday, April 15, 2025, 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, Gregory Ogunsanya will go through the business agenda.
Thank you, Celeste. We're pleased to be joined today by all members of our Board of Directors. Also in attendance on behalf of Ernst & Young LLP, our independent auditing firm, are Jerry Radouski and Ann Schneider. 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 March 4, 2025, to shareholders of record on February 19, 2025. 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 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 2028 annual meeting. They are Michael J. Happe, Charles T. Lauber, and Celeste B. Mastin. All are currently serving as directors. The Board of Directors recommends a vote for the election of these directors. The second proposal is for the ratification of the appointment of our independent registered public accounting firm, Ernst & Young LLP, for the fiscal year ending November 29, 2025. The Board of Directors recommends a vote for the ratification of the appointment of Ernst & Young LLP. The third proposal is 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 Compensation Committee continually evaluates the executive compensation program and will consider the result of the vote. The Board of Directors recommends a vote for this proposal. The fourth and final proposal is for the approval of the Third Amendment and restatement of 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 2 million shares and adoption of certain other amendments to the plan. The Board of Directors recommends a vote for this proposal. We 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 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 to allow shareholders to vote. The polls are now officially closed, and I would like to announce the results of the voting. Michael J. Happy, Charles T. Lauber, and Celeste B. Mastin have each been elected to the Board of Directors. The proposal to ratify the appointment of Ernst & Young LLP has been approved.
The non-binding advisory vote on the compensation of our named executive officers, as described in our proxy statement, has passed. The proposal for the Third Amendment and restatement of the H.B. Fuller Company 2020 Master Incentive Plan has been approved. There being no other business to attend to, I declare the business portion of the 2025 annual meeting concluded. Celeste Mastin will now lead the question and answer period.
Thanks, Gregory. 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. If you have logged into the meeting as a shareholder with your control number and would like to ask a question, you may do so now by clicking the Q&A button at 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 will now pause to allow questions to be submitted.
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 Steven Brazones, Vice President, Investor Relations, at 651-236-5060. I would like to conclude by thanking everyone again for participating in today's meeting and for your continued support of H.B. Fuller. The meeting is now adjourned.
The meeting is now concluded. Thank you for joining. You may now disconnect.