Good afternoon, ladies and gentlemen, and welcome to the 2020 Virtual Only Annual Meeting of Shareholders of Gaming and Leisure Properties. I am Peter Carlino, Chairman of the Board and Chief Executive Officer. We are holding that meeting remotely today to ensure the safety and well-being of our shareholders, our directors and officers in light of the coronavirus outbreak. I certainly hope that we'll be resuming in person annual meetings by next year. So with that, I'll call the meeting to order.
I will act as Chairman of the meeting today and Brandon Moore, our General Counsel and Secretary of the company will act as Secretary of the meeting. I would like to begin the meeting by introducing directors who are participating with us today. They are Chip Marshall, who is Chair of the Audit and Compliance Committee Jim Curry, Chair of our Compensation Committee Scott Erde Eng, Chair of the Nominating and Corporate Governance Committee and of course, Directors Lilly Linton Barry Schwartz and Earl Shanks, who are members of those aforementioned committees. We also have a number of company officers joining us today, including Steve Snyder, Senior Vice President and Chief Financial Officer Brandon Moore, previously mentioned, is our General Counsel Desiree Burke, Senior Vice President and our Chief Accounting Officer Matt Dented, Senior Vice President of Investments and finally, Steve Watney, Senior Vice President, Finance. We ask that you restrict your questions and remarks to those relevant to the company or the proposals being considered, and appropriate questions will be answered at the end of the meeting.
If anyone objects to waiving the reading of the notice of the meeting, please indicate that you do by in the submitted question box. Anyone object to waiving that? Do we have any? Apparently not. So since there is no objection, we will waive the reading at the notice of the meeting.
The Secretary has delivered an affidavit of mailing from a representative of Continental Stock Transfer and Trust Company affirming the mailing of the notice and if requested the proxy statement and proxy card to each registered shareholder as of April 6, 2020. The date the Board of Directors set is a date for determining the shareholders entitled to note Sullivan to voting at this meeting. And an affidavit of mailing from a representative of Broadridge Financial Solutions affirming the mailing of the notice and if applicable the proxy statement and the proxy card to each beneficial shareholder of record as of April 6, 2020. The list of shareholders entitled to vote at this meeting is available for inspection anytime during this meeting upon request. I will tell you further that Allison Lane from Holliman Knight has been appointed as our Judge of Election and has presented her oath as Judge of Election.
I asked the Judge of Election then, Allison, to report as to whether a quorum is present.
As of 56 2020, the record date set for this annual meeting of shareholders, 215,428,398 shares of common stock were outstanding. And as of the date of this meeting, 194,765,346 shares of common stock have been voted, which is approximately 90% of all shares entitled to vote at this meeting.
Thank you, Allison. I think that qualifies as a quorum. So on the basis of the report of the judge of election, I declare that a quorum is present, and we will now consider to take action upon the following matters. First, the election of Billy Linton, Chip Marshall, Jim Perry, Barry Schwartz, Earl Shanks, Scott Ernie and me, Peter Carlino to serve as directors until the 2021 Annual Meeting of Shareholders and until their respective successors have been duly elected and qualified. 2nd, the approval of the company's 2nd amended and restated 2013 long term incentive compensation plan.
3rd, the ratification of the appointment of Deloitte and Touche as the company's independent registered public accounting firm for the current fiscal year. And finally, the approval on a non binding advisory basis of the company's executive compensation. No other proposals or business were properly submitted. There being no further business to properly come before the meeting, I declare the polls open. If there is anyone who has not voted and who desires to vote, please go to the voting link on the virtual meeting website and enter your control number to vote.
I'm looking across the table. Do we have anyone who has appeared? Okay. The answer is no. So I now declare the polls closed.
We have participating with us today, Todd Friedman from Deloitte and Touche, the company's independent registered public accounting firm. Todd, anything you'd like to add? No, Keno. I'm President and thanks for being intro. That's good.
That's painless. Thank you very much. So but if there are any questions for Mr. Friedman, please submit them via the submitted question box and he will answer at the end of the meeting. Executive election, may I have your report?
The shareholders of the company have elected Peter Carlino, Lilly Witten, Chip Marshall, Jim Carrey, Barry Schwartz, Earl Shanks and Scott Erning to serve as Directors until the Annual Meeting of Shareholders to be held in 2021 and until their respective successors have been duly elected and qualified. 2nd, they have approved the company's 2nd amended and restated 2013 long term incentive compensation plan, ratified the selection of Deloitte and Touche as the company's independent registered public accounting firm for the current fiscal year and approved on a nonbinding advisory basis the company's executive compensation.
Well, thank you. So Mr. Secretary, would you please file copies of the notice of meeting and the report of the if any shareholder has any other question, would you we'd be pleased to answer these questions at this time. Shareholders are limited to no more than 3 questions or comments each. Questions and comments should be written clearly and be brief.
Please submit the questions in the submitted question box. I must admit, I'm not looking at that. So I don't know what do we have.
So Peter, so far we did receive 2 questions from shareholders. The first of which I don't think we'll be able to answer. The first
question relates to Penn National Gaming
and it is in Barstool Sports as a separate public traded company. I don't think we have the answers to that nor could we answer that. However, the second question also relates somewhat Gaming, although it is in reference to the construction at York and Morgantown. And the question is whether or not construction has resumed at those two locations?
To my knowledge, it has not. And I must say, well, there's no color that we can provide about their intention to move forward. Clearly, they started that work. Clearly, they will finish it. But in what time frame, frankly.
At this time, we just don't know.
Right. And as most know, if they're reviewing our publicly available information, we do have a commitment with Penn National There are no other questions at the moment. Maybe we'll give it to just a There are no other questions at the moment. Maybe we'll give it just a few seconds since there's a delay between the audio and the online to make sure there are no further questions, but
those are all received at the present time. Thank you, Brandon. Anything further? Okay. Seeing none, then I will thank you all for participating in this virtual meeting.
New for us, I hope you never have to do it again. And there'd be no further business, I will entertain a motion for adjournment. So moved. Is there a second? 2nd.
Okay.
All in favor indicate by saying aye. Aye. Aye. Opposed? Hearing none, the meeting is adjourned and so concludes our annual meeting this year.
Thank you all very much for participating.