Good morning everyone, and welcome to the Hycroft Mining Holding Corporation's 2022 Annual Meeting of Stockholders. My name is Stephen Lang, and I am the Chair of the Hycroft Board of Directors. As we did last year, we are holding our meeting this year by remote communication. You have joined the meeting via our virtual meeting platform, on which you will be able to participate in the meeting by voting and by submitting written questions. Towards the end of the meeting, questions received will be addressed by myself and management. Pursuant to the Private Securities Litigation Reform Act of 1995, those present should note and understand that any statements made at this meeting which are not historical facts and refer to the company's future prospects are forward-looking statements.
For a discussion of these and other risk factors that could affect Hycroft's business, see Risk Factors in Hycroft's Form 10-K and subsequent filings with the Securities and Exchange Commission. No assurance can be given that the actual results of operations and financial condition will conform to any such forward-looking statements made today. Before we continue with the business of the meeting, I would like to note that all the other members of our Board of Directors are joining us through the virtual meeting platform today. In addition, also present to the virtual meeting platform are Dr. Diane Garrett, our President and Chief Executive Officer, Stan Rideout, our Chief Financial Officer, David Stone, our Secretary, and Kreg Brown from Plante Moran, PLLC, our independent public consultant. A meeting agenda that details the order of business for today's meeting is available in our proxy materials.
There will be an opportunity for general questions and comments following the business portion of the meeting. In the meantime, questions may be submitted on the virtual platform during the meeting. Today, present or represented by proxy are the holders of more than 121 million shares of Hycroft common stock, constituting approximately 62% of Hycroft's issued and outstanding shares on the record date of April 6th, 2022. We have a quorum and can now proceed with the meeting. David Stone informs me that he has an affidavit of mailing noting that a complete certified list of all the holders of record of the company's common stock as of April 6th, 2022, which list has been available for the past ten days and is available on the virtual meeting platform for examination by any stockholder of record desiring to do so.
Bernie Lloyd of Continental Stock Transfer & Trust Company has been appointed Inspector of Elections and has been duly sworn. I therefore formally present Hycroft's annual report on Form 10-K for the year ended December 31st, 2021 , which contains its balance sheet and statements of operations, cash flow, and stockholders' equity. These materials are also available under the Meeting Document tab on the virtual shareholder meeting platform. I now declare the polls open with respect to the three proposals in the proxy statement. The first item is the election of seven directors to serve until the next annual meeting of shareholders or until their successors are duly elected and qualified. The nominees to serve as directors of the company are listed in the proxy statement provided to all the stockholders, as are biographies of each nominee. No other nominations have been submitted as provided in the bylaws.
The second item is the consideration of a request to ratify the Audit Committee's appointment of Plante Moran , PLLC as independent auditors for the corporation for 2022. The third item is the consideration of an amendment to the 2020 HYMC Performance and Incentive Pay Plan to increase the number of authorized shares of common stock available for issuance by 12 million shares of common stock. Any stockholder who has not yet voted or wishes to change their vote may do so by following the instructions on the virtual meeting platform. If you have already voted by means of proxy card or through the Internet and do not wish to change your vote, you do not need to take any further action.
Hycroft has recently posted to our website a video by Diane Garrett, Hycroft's CEO, accompanied by the company's presentation, which details our plans and objectives going forward. I encourage you to view this and other communication from the company to stay informed. We will now move to questions posed by stockholders via the platform. There being no questions, we have concluded the business portion of the meeting, and I now declare the polls closed. I will present the report on voting for the formal proposals based on a preliminary examination provided by our Inspector of Elections. Based on that preliminary report, for Proposal One, each of the nominees named in the proxy statement has been duly elected as a director. For Proposal Two, the selection of Plante Moran as our independent auditor for 2022 has been ratified.
For Proposal Three, the amendment to the HYMC 2020 Performance and Incentive Pay Plan has been approved. Final results will be reported to the Securities and Exchange Commission within four business days of today's meeting on a current report on Form 8-K. Ladies and gentlemen, we sincerely thank you for your investment in Hycroft and for your attendance at this meeting today. We look forward to engaging with you throughout this year and to seeing you again at next year's annual meeting. We are adjourned.