Good morning, and welcome to the 2024 Annual Meeting of Stockholders of Iron Mountain Incorporated. I am Pamela Arway, Chair of the Board of Iron Mountain, and I will chair today's meeting. We are holding our annual meeting of stockholders virtually this year to ensure that as many of our stockholders as possible have the opportunity to participate. Thank you for joining us today. As in prior years, we will conduct the formal portion of our meeting first, followed by a question-and-answer session. To submit a question, you must log into the virtual meeting website using the shareholder login and the 16-digit control number included in your proxy materials. You can submit questions at any point during the meeting by typing your question in the Ask a Question text box on the web portal and clicking Submit.
I now call this meeting to order at 9:01 A.M. Eastern Standard Time on May 30th . I would like to acknowledge our other board members who are with us today: Jennifer Allerton, Clarke Bailey, Kent Dauten, Monte Ford, Robin Matlock, Wendy Murdock, William Meaney, Walter Rakowich, Theodore Samuels, and Doyle Simons. Our board is composed of highly skilled individuals, each dedicated to our commitment to shareholders and to the broader community we serve. I would like to thank our directors for the service and wise counsel each of them provided this past year. Also in attendance are Jerome Powderly from Deloitte & Touche, LLP, our auditors; William Curry from Sullivan & Worcester, LLP, our outside legal counsel; and Joseph McClellan from Broadridge Financial Solutions.
In addition to Bill Meaney, Chief Executive Officer of Iron Mountain, we also have others from management present: Deborah Marson, Executive Vice President, General Counsel, and Secretary; Barry Hytinen, Executive Vice President and Chief Financial Officer; Raymond Fox, Executive Vice President and Chief Risk Officer; Derek Andriessen, Chief Compliance Officer; and Keely Stewart, Vice President and Assistant Secretary. If questions arise that these people should appropriately address, they will be available to respond. We will now proceed to the formal meeting. Deborah Marson, Executive Vice President, General Counsel, and Secretary of the company, will act as the Secretary of the meeting. Joseph McClellan of Broadridge Financial Solutions will act as the Inspector of Elections. Deborah has some matters to go over before we get to the voting.
Thank you, Pam. First, after we conclude our presentation of four matters to be voted on at this meeting, the polls will open. The Board of Directors fixed April 2nd, 2024, as the record date for determining stockholders entitled to vote at this meeting. Please note that you must submit your vote before the polls close at today's meeting in order for your vote to be counted. After voting has ended on all four matters, there will be a preliminary report on the voting results, followed by a Q&A session. Only validated stockholders who have joined the meeting using their 16-digit control number can ask questions in the designated field on the web portal. If you have joined as a guest, you cannot use this function.
To ensure all stockholders in attendance have the opportunity to ask questions and receive responses from the company, please limit yourself to one question. I have also been presented with an affidavit of distribution executed by a representative of Broadridge Financial Solutions, which states the notices of this meeting were duly and properly given, being mailed in accordance with the bylaws on April 19, 2024, and a proxy statement of the same date commenced on April 19, 2024, to stockholders of record on the record date. Finally, please note that this meeting is being recorded. We kindly ask that you refrain from recording this meeting. I will now turn the meeting over to Joseph to report on the presence of a quorum.
Thank you, Deborah. At the close of business on April 2, 2024, the corporation had 293,096,117 outstanding shares of common stock entitled to vote at this meeting. According to the corporation's bylaws, a quorum consists of a majority of the outstanding shares entitled to vote on the record date, which is 146,548,059 shares. Based on our preliminary tabulation, there are 251,247,891 shares present or represented at the meeting.
Thank you, Joseph. That being so, I hereby declare, subject to a final confirmation by the Inspector of Election, that a quorum is present and that this annual meeting of the stakeholders is duly convened.
Thank you, Deborah and Joseph. I would like to present the matters to be voted on and the board of directors' recommendations to the stockholders at this time.... Proposal one is the election of directors. The current board has nominated the following 11 directors: Jennifer Allerton, Pamela Arway, Clarke Bailey, Kent Dauten, Monte Ford, Robin Matlock, William Meaney, Wendy Murdock, Walter Rakowich, Theodore Samuels, Doyle Simons. For election as directors to hold office until the 2025 annual meeting of stockholders, or until their successors are duly elected and qualified. The board recommends a vote for each of these nominees. Proposal two is to approve the amendment to Iron Mountain Incorporated Certificate of Incorporation to limit liability of certain officers. The board recommends a vote for approval of the amendment to Iron Mountain Incorporated Certificate of Incorporation.
Proposal three is the advisory vote to approve the compensation of our named executive officers as described in the proxy statement. The board recommends a vote for approval of the advisory vote on executive compensation. It is a non-binding vote, although the Compensation Committee and the board will take the results of the vote into account when making future compensation decisions. Proposal four is to ratify the appointment of Deloitte & Touche, LLP, as the company's independent registered public accounting firm for the year ending December 31, 2024. The board recommends a vote for ratification of the appointment of Deloitte & Touche. It is now 9:00 A.M. Eastern time on May 30th, 2024, and I declare the polls open.
Any stockholder 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. 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. Now that everyone has had the opportunity to vote, I declare the polls for the 2024 Iron Mountain annual stockholder meeting closed at 9:09 A.M. Eastern Time on May 30th, 2024. Joseph, will you provide a preliminary tabulation of the voting results, please?
Thank you, Pam. The preliminary vote report shows that the nominees for election to the board have been duly elected. The amendment to Iron Mountain Incorporated's Certificate of Incorporation to limit liability of certain officers has been approved. The compensation of the named executive officers has been approved by advisory vote, and the appointment of Deloitte & Touche has been as the company's independent registered public accounting firm for the year ending December 31st, 2024, has been approved.
Thank you, Joseph. The company will be reporting the final voting results on a Form 8-K filed with the SEC within four business days. Now, we've reached the Q&A session to address stockholder questions that are being entered on the web portal. Please note we will attempt to answer as many questions as time allows. To the extent we have similar questions submitted by multiple shareholders, the moderator may consolidate them into one question. We will pause for stockholders to finish submitting their questions on the web portal.
Madam Chair, we do have a question from Mr. Derek Adamyk, and I'll read his question now. The company has in place a director resignation bylaw that provides the board post-election discretion to determine whether to accept or reject the resignation of an incumbent director who fails to be reelected. Does the bylaw undermine the voting rights of shareholders by allowing the board to have the final say on the unelected director's status?
Thank you, Keely. I will ask Deborah Marson, Executive Vice President, General Counsel, and Secretary of the company, to address that question.
Thank you very much for the question. The response is that really allowing a director to resign does not supersede the rights of the shareholders to elect directors at the annual meeting. Thank you.
Thank you, Deborah. Are there any other questions, Keely?
Madam Chair, there are no further questions from stockholders.
Thank you, Keely. Since there are no further matters to discuss, I will adjourn the meeting. Thank you all for attending the 2024 annual meeting of stockholders and for your continued support of the company.
This now concludes the meeting. Thank you for joining, and have a pleasant day.