Good morning. Welcome to the 2025 Annual Stockholders Meeting of Gladstone Investment Corp. I'm Michael LiCalsi, Co-General Counsel and Co-Secretary of the company. With me, I have Erich Hellmold. He's also in the same position as Co-General Counsel and Co-Secretary. It's 11:00 A.M. The meeting will now officially come to order. We'll proceed with the business of the meeting as set forth in your notice of annual meeting and proxy statements. Erich Hellmold will be the Secretary of the meeting. Will the Secretary please report the mailing of the notice of the annual meeting and the stockholders' list?
I have here a complete list of the stockholders of record of the company's common stock on June 11, 2025, the record date for this meeting. I also have an affidavit certifying that on June 20, 2025, a notice of the annual meeting of stockholders of the company was mailed to all stockholders of record at the close of business on June 11, 2025.
Thanks, Erich. Erich and myself have been appointed as the inspectors of election at the meeting. Broadridge has tabulated the votes. Inspectors and their staff have been in close contact with the representatives from Broadridge to get the vote in. The inspectors have also taken and subscribed to the customary oath of office to impartially execute duties. We'll file the oath with the records of the meeting, and the function is to decide upon qualifications of voters, accept votes, and at the end of balloting, tally the final votes. Will the Secretary please report at this time with respect to the existence of a quorum?
The inspectors of election have informed the company that proxies have been received for 23,087,855 of the 36,921,165 shares of common stock outstanding as of the close of business on the record date, which is approximately 62.53% of the total number of outstanding shares. This constitutes a quorum for the meeting today. We may now carry out the official business of the meeting. If there are any additional proxies to be submitted, please vote your shares through the web portal at this time.
Thanks. We'll now proceed with the business of the meeting. Two proposals to be considered are the election of two directors. I'll sign Proposal 2. Ratifying the Audit Committee selection of PWC as our independent registered public accounting firm for the fiscal year ending 3/31/2026. The time is now 11:02 A.M. and the polls have been open for voting by computer for some time now, and they're still open. Polls will be closed to voting after we go through these matters one more time. The first item of business is the election of two of our directors to serve until the 2028 annual meeting and until their successors are duly elected and qualified. The nominees for director whose terms will expire in 2028 are David Gladstone and John Ellman. Any discussion here?
Okay. The second item of business is to ratify our Audit Committee selection of PWC as an independent registered public accounting firm for the fiscal year ending 3/31/2026. Any discussion here? That was the final proposal for today's meeting. The voting once again is by proxy and written ballot. You do not need to vote through the web portal for the meeting today if you have already voted. Each share of common stock is entitled to one vote for each matter on which they are entitled to vote. The time is now 11:03 A.M. and the polls are now closed for voting. Mr. Secretary, have you finished counting the votes? If so, may we have the results of the voting?
The report of the inspectors of this election covering the proposals presented at this meeting is as follows: the proposal to elect David Gladstone and John Ellman as directors of the company to serve terms that will expire at the 2028 annual meeting is carried. The proposal to ratify our Audit Committee selection of PWC as our independent registered public accounting firm for the fiscal year ending March 31, 2026 is carried. The full tally of the votes will be filed with the SEC on Form 8-K within the next four business days.
Okay, thanks, Erich. That's the end of the business on the agenda of the Annual Stockholders Meeting for Gladstone Investment today. We want to thank you all for joining the virtual meeting. This meeting is adjourned at 11:04 A.M. Thank you. Ladies and gentlemen, this concludes today's call. Thank you all for joining, and you may now disconnect.