Good day and welcome to the 2025 Annual General Meeting of Shareholders of GlobalFoundries Inc. I would now like to turn the conference over to Dr. Thomas Caulfield, Executive Chairman of GlobalFoundries Inc. Please go ahead.
Good morning, ladies and gentlemen. Will the meeting please come to order? I want to welcome all of you to the 2025 Annual General Meeting of Shareholders of GlobalFoundries. My name is Thomas Caulfield, Executive Chairman of GlobalFoundries, and I will be presiding at this meeting. The agenda for today's meeting is as follows: first, a call to order and a statement of order of business. Second, a description of matters to be voted at today's meeting. Third, voting, closing of polls, and presentation of election results. Fourth, the adjournment of the formal meeting. Fifth, a question-and-answer session. I will now turn the call over to our Chief Legal Officer, Saam Azar.
Thanks, Tom. Please note, the agenda is available through the web portal, or if you are here in person, please raise your hand and one will be brought to you. After the formal meeting has been adjourned, we will provide time for general questions. If you are a validated shareholder participating virtually and have questions during the meeting, you may submit them in the designated field on the web portal. Out of consideration for others, please limit yourself to no more than one question. We ask that you restrict your remarks to the items pertinent to the meeting. Please note that this meeting is being recorded. However, no one attending in person via the webcast or telephone is permitted to use any audio recording device. Thank you for your cooperation with these rules.
Our first order of business at this meeting is to determine whether the shares represented at the meeting, either in person or by proxy, are sufficient to constitute a quorum for the purposes of transacting business. I have received the preliminary tabulation from Broadridge, and based on that preliminary report as of June 6, 2025, of the 554,914,211 ordinary shares entitled to vote, approximately 98.58%, or 547,052,182 ordinary shares are represented today, either in person or by proxy, which are sufficient to constitute a quorum for the purpose of transacting business at the meeting. Louis D. Larson, a representative of Broadridge Financial Solutions, will act as inspector of elections for this meeting. Louis D. Larson has subscribed and filed an oath of office for purposes of this meeting. As secretary of the meeting, I have presented the following documents.
First, a certified list of the holders of ordinary shares of the company as of the close of business on June 6, 2025, the record date for determining shareholders entitled to notice of and to vote at this meeting. This list has been prepared by Equinity Trust Company LLC, the company's transfer agent. And second, an affidavit of Joanne Fogel, an employee of Broadridge Financial Solutions Inc., as to the distribution on or about June 18, 2025, of notice to the annual general meeting and notice of internet availability of proxy materials to the company's shareholders of record as of the close of business on June 6, 2025, the record date for the meeting. As secretary, I will file these materials at the minutes of the meeting. Having a quorum, we will now proceed with the business of this meeting. Mr. Chairman, please open the polls.
Certainly. I now declare the polls open for voting at this meeting. Any shareholder who has not yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. Or if you are here in person, please raise your hand and a shareholder ballot will be brought to you. Shareholders who have sent in proxies or voted via telephone or internet and do not want to change their vote do not need to take any further action. The polls will remain open until immediately after any discussion on today's proposal.
Thank you, Tom. 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 of the company is the election of four directors to each serve as Class 1 directors for a three-year term and until their successors are duly elected and qualified. The management and the board of directors of the company recommend the election of Tim Breen, Dr. Thomas Caulfield, Glenda Dorchek, and Camilla Languia as Class 1 directors of the company. The second proposal before the shareholders of the company is the ratification of the appointment of the company's independent registered public accounting firm, PricewaterhouseCoopers LLP, for the fiscal year ending December 31, 2025.
The management and the board of directors of the company recommend the ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025. If any shareholder would like to make a comment regarding either of the proposals, please submit your comment through the web portal now. If you're here in person, please raise your hand and wait to be acknowledged before making your comment. The polls will remain open for one more minute. Any shareholder who hasn't yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. If you are here in person, please raise your hand and a shareholder ballot will be brought to you.
If you previously voted by proxy, you do not need to vote today unless you wish to change your vote. We'll give another minute for the voting. Very good. I now declare the polls for the 2025 Annual General Meeting of Shareholders closed. The inspector of elections will now count the votes. I will now report the results of the voting. Based on the preliminary tabulation by the inspector of elections and affirmative vote of a majority of the votes cast, has voted for election of four Class 1 directors to the board of directors and ratification of PricewaterhouseCoopers as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025. The final tabulation of all votes will be included in the minutes of the meeting.
Based on the preliminary results, I hereby declare that all of the nominees for director have been duly elected and the selection of PricewaterhouseCoopers as the company's independent accountant has been duly ratified. I congratulate the directors on their election and thank them in advance for their services during the upcoming year. Mr. Chairman, if you please close the meeting.
Thank you for attending today's meeting. This meeting is now adjourned.
Thank you, Mr. Chairman. We will now have a brief question-and-answer period. We'll take shareholders' questions in person or that are being entered today on the web portal that are germane to the meeting. Our investor relations team will follow up on any questions that we do not get to. I will pause for a moment now. For any shareholder questions, please submit it on the web portal. If you're here in person, please do raise your hand and wait to be acknowledged before asking a question. Okay. Not seeing any questions and there being no further questions, I wanted to thank you for attending today's meeting.
The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.