Good day, welcome to the 2019 annual stockholders meeting of Gladstone Capital Corporation. I would now like to turn the conference over to Mr. Michael LiCalsi, General Counsel. Please go ahead.
Good morning, everyone. Welcome to the 2019 annual stockholders meeting of Gladstone Capital Corporation. This is Michael LiCalsi. I'm the General Counsel of the company. We have with us the following representatives as well from the company. Nicole Schaltenbrand is here. She's the Chief Financial Officer and Treasurer of Gladstone Capital. We have Erich Hellmold. He's the Assistant General Counsel. He will also act as Secretary of this meeting. We also have Karen McLaughlin. She's the head of our Investor Relations department here at Gladstone Capital. We'd also like to say that Nicole Stroud, she's a representative of PricewaterhouseCoopers, our independent registered public accounting firm. She's here as well. It is now 11 o'clock, and the meeting will now officially come to order. We'll proceed with the business of the meeting as set forth in the notice of the annual meeting and proxy statement.
We have appointed Erich Hellmold to be the acting Secretary of the meeting. Will the Secretary please report on the mailing of the notice of the meeting and the stockholders list?
I have here a complete list of the stockholders of record of the company common stock on December 3rd, 2018, the record date for this meeting. I also have an affidavit certifying on December 14th, 2018, a notice of the annual meeting of stockholders of the company was first mailed to all stockholders of record as of the close of business on December 3rd, 2018.
Thanks, Erich. Myself and Nicole Schaltenbrand, CFO and Treasurer of the company, have been appointed as the Inspectors of Election at this meeting. Broadridge Financial Solutions tabulated the votes, and the inspectors and their staffs have been in contact with the representatives from Broadridge in connection with the vote tally. Both myself and Nicole have also taken and subscribed the customary oath of office to impartially execute duties as Inspectors of Election. We'll file these oaths with the records of the meeting. Their function is to decide upon the qualifications of voters, accept votes, and at the end of balloting, to tally the final votes. Will the Secretary please report at this time with respect to the existence of a quorum for today's meeting?
Proxies have been received for 90.58% of the 28,504,745 shares of common stock outstanding on the record date, and for 75.22% of the 2,070,000 shares of preferred stock outstanding on the record date. Total number of common and preferred shares is 30,574,745 shares. Thus, the presence of 15,287,373 shares shall constitute a quorum for the meeting. 27,378,128 shares are present in person or by proxy, which 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 portal at this time.
Thanks, Erich. We'll now proceed with the business of this meeting. There are two proposals to be considered by stockholders. Proposal 1A, for our common and preferred stockholders to elect incumbent directors, Paul Adelgren, David Gladstone, and John Outland, each to serve an additional term to expire at the 2022 annual meeting of stockholders, and until his successor is elected and qualified. Proposal 2, to ratify our Audit Committee selection of PwC as our independent registered public accounting firm for our fiscal year ending September 30, 2019. The time is now 11:04 A.M. on February 7th, 2019, and the polls have been open for voting by computer for some time now and are still open. The polls will be closed for voting after we go through these matters.
Again, Proposal 1, the first item of business is the election of Paul Adelgren, David Gladstone, and John Outland, each to serve as a director until the 2022 annual meeting, until his successor is elected and duly qualified. Is there any discussion about this proposal? Proposal 2, the second and final item of business is to ratify our Audit Committee's selection of PwC as our independent registered public accounting firm for our fiscal year ending September 30, 2019. Is there any discussion on this proposal? That was the final proposal for today's meeting. Voting is by proxy and written ballot. You do not need to vote through the portal for the meeting today if you have already done so. Each share of common and preferred stock is entitled to one vote for each matter on which they are entitled to vote.
The time is now 11:06. 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 Paul Adelgren, David Gladstone, and John Outland, each as a director of the company to serve a term that will expire at the 2022 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 September 30th, 2019, is carried. Full tally of the votes will be filed with the SEC on Form 8-K within the next four business days.
That is the end of the business on the agenda for the stockholders meeting today. We want to thank you all the shareholders for joining our virtual stockholders meeting. This meeting is now officially adjourned at 11:07.
The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.