Welcome to the 2020 annual shareholders meeting for Hilltop Holdings. I would now like to hand the conference over to Jeremy Ford.
Good morning, ladies and gentlemen. Welcome to the 2020 annual meeting of stockholders of Hilltop Holdings Inc. I am Jeremy Ford, President, Chief Executive Officer, and a director of the company. Thank you for joining us today. We are excited to be hosting our virtual meeting, which allows us to reach a greater number of stockholders. As is our custom, we will conduct the business portion of our meeting first and answer questions at the end of the meeting. Stockholders may ask questions in the designated field on the web portal. Though we may not be able to answer every question, we will do our best to provide a response to as many as possible. Please note that this meeting is being recorded, so no one attending is permitted to use any audio recording device. At this time, I call the meeting to order.
There are five items of business on today's agenda. The election of directors, the approval of the adoption of the Hilltop Holdings Inc. 2020 Equity Incentive Plan, the approval of the adoption of Hilltop Holdings Inc. Employee Stock Purchase Plan, a non-binding advisory vote to approve executive compensation, and the ratification of the appointment of the company's independent registered public accounting firm. I will act as chairman of this meeting. Corey Prestidge, secretary of the company, will act as secretary of this meeting. I would like to take this opportunity to introduce Gerald J. Ford, who's also on the line and is the Chairman of the Board. Directors, officers, and other invited guests of the company also are attending via telephone. The board of directors and I have appointed Steve Doty, the company's Senior Vice President, to act as Inspector of Elections for this meeting.
Mr. Doty has previously taken an oath as Inspector of Elections. Many stockholders have already submitted their proxies. Any stockholders that have not yet voted or wish to change their vote may do so by clicking on the voting button on the web portal and following the instructions there. Stockholders 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 board of directors set April 28th, 2020, as the date of record for this stockholders meeting. We have a list of stockholders as of that date. A duplicate list has been on file at the principal place of business of the company for the last 10 days immediately prior to the date of this meeting and has been available for inspection by any stockholder.
The secretary will present the affidavit of mailing of the notice of meeting and the accompanying proxy material and annual report and report on the existence of a quorum for the meeting.
Mr. Chairman, I present the affidavit of mailing of Broadridge Financial Solutions, which states that the notice of meeting and accompanying proxy materials and annual report were mailed on or about May 27th, 2020 to stockholders of record on April 28th, 2020, the record date for stockholders entitled to notice of this meeting, which is in accordance with the bylaws of the company. In addition, I have been advised by the Inspector of Elections that at least a majority of the company's issued and outstanding shares entitled to vote is represented in person or by proxy at today's meeting. Since the majority of the company's shares is represented here today, a quorum is present, the meeting is duly constituted, and the business of the meeting may proceed.
Thank you, Mr. Prestidge. The report of the Secretary on the existence of a quorum is accepted. I direct the affidavit of mailing be made part of the minutes of the meeting. We may now proceed to transact the business for which this meeting has been called. The first item of business today is the election of directors. 18 directors shall be elected at today's meeting. Those 18 nominees receiving the highest number of votes of shares present, in person or by proxy at this meeting, will be elected as directors. The directors elected today will hold office until the 2021 annual meeting of stockholders or until their successors are duly elected and qualified.
As indicated in the company's proxy statement, the board of directors has nominated the following persons: Charlotte Anderson, Rhodes Bobbitt , Tracy Bolt, Jay Crandall, Charles Cummings, Hill Feinberg , Gerald Ford, Jeremy Ford, Mark Green, Bill Hill , Lee Lewis, Andrew Littlefair, Robert Nichols, Ken Russell, Peg Sherman, John Sobel, Robert Taylor, and Carl Webb . The company's bylaws require that a stockholder provide advanced notice to the company of a stockholder's intent to nominate persons as directors. No such notice was received. Accordingly, I declare the nomination for directors closed. The second matter being submitted to vote of stockholders is approval of the adoption of the Hilltop Holdings, Inc. 2020 Equity Incentive Plan. The affirmative vote of a majority of the votes cast on the matter is required to approve the adoption of the Hilltop Holdings, Inc. 2020 Equity Incentive Plan.
The third matter being submitted to a vote of stockholders is the approval of the adoption of Hilltop Holdings Inc. Employee Stock Purchase Plan. The affirmative vote of a majority of the votes cast on the matter is required to approve the adoption of the Hilltop Holdings Inc. Employee Stock Purchase Plan. The fourth matter being submitted to stockholders is a non-binding advisory vote on the following resolution regarding the compensation of named executive officers, which is commonly known as a say on pay proposal.
Now, therefore, be it resolved that the stockholders approve on an advisory basis the compensation paid to the named executive officers of the company as disclosed pursuant to Item 402 of Regulation S-K, including the compensation discussion and analysis, the compensation table, and the narrative discussion related thereto. The affirmative vote of the majority of votes cast on the matter is required to approve, on an advisory basis, executive compensation. The compensation committee of the board of directors will review the results of this matter and will take the results into account in making future determinations concerning executive compensation. The final matter being submitted to stockholders for action is the ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2020.
The affirmative vote of the majority of votes cast on the matter is required to ratify the appointment of PricewaterhouseCoopers LLP. Because no further business is scheduled to come before the stockholders, I declare the polls for each matter to be voted on at this meeting open at 10:08 A.M. today, July 23rd, 2020. Any stockholder that 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. Stockholders 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. I declare the polls for each matter voted upon the meeting closed at 10:09 A.M. today, July 23rd, 2020. At this time, I would like to introduce Gabe Quintas with PricewaterhouseCoopers LLP.
After the meeting, Gabe is available to answer any appropriate questions you may submit via the web portal. I have been advised by the Inspector of Elections that the following 18 persons have received the highest number of votes for election as directors: Charlotte Anderson, Rhodes Bobbitt , Tracy Bolt, Jay Crandall, Charles Cummings, Hill Feinberg , Gerald Ford, myself, Mark Green, Bill Hill, Lee Lewis, Andrew Littlefair, Robert Nichols, Ken Russell, Haag Sherman , John Sobel, Robert Taylor, and Carl Webb . Accordingly, each of such persons has been elected as a director of the company to serve for the term expiring on the date of the company's 2021 annual meeting, or until his or her successor has been duly elected and qualified.
I've been further advised by the Inspector of Elections that a majority of the shares present at the meeting, in person or by proxy, voted in favor of the adoption of Hilltop Holdings Inc. 2020 Equity Incentive Plan and Employee Stock Purchase Plan, the resolution approving the compensation of the company's named executive officers, and the ratification of the appointment of PricewaterhouseCoopers LLP to act as the company's independent registered public accounting firm. The Inspector of Elections will furnish the Secretary a written report of the final vote count with respect to the matters voted on today, which shall be included in the minutes of the meeting. I want to thank all of you for attending today's meeting and for your continued support of Hilltop Holdings. This meeting is adjourned. We're now taking a pause here to see if we have any questions that have gathered through the portal.
Just give us one second. Okay. We received one question on the portal, and it just asked for any of the names of the directors not attending the meeting. We can confirm that all directors are attending the meeting telephonically due to the COVID-19 pandemic. With that, we appreciate the question, and we appreciate everybody's support. We don't have any other questions, Mr. Ford. I don't know if there's anything else you wanted to add, or otherwise, we can adjourn the meeting. Okay. Well, thank you all for being part of the meeting today.
Ladies and gentlemen, this concludes today's call. Thank you for participating. You may now disconnect.