Good morning, and welcome to the 2021 Annual Meeting of Iron Mountain Incorporated. I would now like to introduce the first presenter, Al Varakia, Chairman of the Board of Iron Mountain Incorporated.
Good morning. I'm Al Varekia, Chairman of the Board of Iron Mountain Incorporated. Welcome to the 2021 Annual Meeting of Stockholders of Iron Mountain Incorporated. 1st and foremost, let me start by saying, I hope you are all healthy and well and our thoughts go out to all of those who have been impacted by COVID-nineteen. I also would like to thank Iron Mountain employees, in particular those on the front line who every day are ensuring that the needs of Iron Mountain's Customers are met as seamlessly as possible.
Pine Mountain's employees have shown selfless dedication and resilience in these challenging times. Let me now welcome you to our Annual Meeting of Stockholders that we this year are holding in a different way than before to make sure our shareholders have the opportunity to participate in a safe way. Thank you to the stockholders that virtually via the web portal for joining us today. If you have trouble logging in or need assistance, Please call us on PFN 844-986-0822 for the U. S.
With 303-562-9302 International. As in prior years, we will conduct a formal portion of our meeting first, followed by a question and answer session. If you log on as a shareholder using your control number, 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. With that, let me officially call this meeting to order at 9:0:1 am Eastern Standard Time on May 12. Before proceeding to the business of the meeting, I would like to first thank our directors for service and wise counsel Each of them provided this past in particular, I would like to recognize and thank Paul Denninger, who is not standing for reelection for his many contributions over his 10 years as an Iron Mountain Board member.
Let me now introduce our 12 nominees for election as Jennifer Hallatin, Pamela Arway, Clark Bailey, Kent Gowton, Monty Ford, Christian Halvorsen, Robin Matlock, William Meany, Wendy Murdock, Walter Rokowitch, Doyle Simmons and myself, all of whom are in attendance by telephone. Excuse me. Also in attendance are Gary Pasley and Katie Lombardi from Dwight and Touche LLP are awarded to Bill Curry from Sullivan and Worcester LLP, our outside legal counsel and Joseph McClellan from Broadridge Financial Solutions. In addition to Bill Meaney, We also have others from Iron Mountain Management present. Deborah Marzen, Executive Vice President, General Counsel and Secretary Larry Heifman, Executive Vice President and Chief Financial Officer Edward Green, Executive Vice President and Chief Human Resources Officer Raymond Fox, Executive Vice President and Chief Risk Officer and Grier Abib, Senior Vice President, Investor Relations.
If questions arise that these people should appropriately address, They will be glad to respond. We will now proceed to the formal business of the meeting. Deborah Marzen, Executive Vice President, General Counsel and Secretary of the Corporation will act as the Secretary of the meeting. Welcome 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.
Deborah?
After the formal meeting has been adjourned, we will provide time for general questions. 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. Out of consideration for others, Please limit yourself to one question. Please note that this meeting is being recorded.
However, no one attending via the webcast or telephone is permitted to use any audio recording device. The Board of Directors fixed March 15, 2021 as the record date for determining stockholders entitled to vote at this meeting. I have also been presented with an affidavit of distribution executed by a representative of Broadridge Financial Solutions, which states that delivery of the notice of the 2021 Annual Meeting of Stockholders of Iron Mountain Incorporated dated April 2, 2021, and a proxy statement of the same date commenced on April 2, 2021 to stockholders of record on the record date. Joseph McClellan will now report in the presence of a quorum.
The corporation And had outstanding as of the close of business on March 15, 2021, 288,000,713,000 179 shares of common stock entitled to vote at this meeting. According to the bylaws of the corporation, a quorum consists of a majority of the outstanding shares entitled to vote on the record date or 144,356,590 shares. According to our preliminary tabulation, there are 243,943,119 shares Present or represented at the meeting.
That being so, I hereby declare a quorum present for this meeting.
Thank you, Deborah and Joseph for that report. Now I will present the matters to be voted upon. Proposal 1 is the election of directors. The current Board has nominated Jennifer Allison, Pamela Arway, Clark Bailey, Kent Dowden, Monty Ford, Per Christian Halverson, Wiggin Meany, Robin Matlock, Wendy Murdock, Walter Rakowitz, Doyle Simmons, Alfred Borachia for election as directors to hold office Until 2022 Annual Meeting of Stockholders or until their successors are duly elected and qualified. Proposal 2 is the approval of an amendment to the Iron Mountain Incorporated 2014 Stock and cash incentive plan to increase the number of shares of common stock authorized for issuance by 8,000,000 shares To extend the termination date of the 2014 plan from May 24, 2027 to May 12, 2001.
To provide that other than in certain circumstances, no equity based award We'll bet before the 1st anniversary of the date of grant and to provide that dividend and dividend equivalents I'm not paid with respect to stock options and stock appreciation rights. Proposal 3 is the approval of an amendment to the Iron Mountain Incorporated 2013 employee stock purchase plan to increase the number of shares of common stock authorized Proposal 4 is the advisory vote To approve the compensation of our named executive offices as described in the proxy statement. It is a non binding vote, Although the compensation committee and the Board will certainly take the results of the Board into account when making future compensation decisions. Proposal 5 is to ratify the selection of Deloitte and Touche LLP as the company's independent registered public accounting firm for the year ending December 31, 2021. It's now 9 am Eastern Time on May 12, 2021 And the polls are now open.
Any stockholder who hasn't yet voted or wishes to change their vote You may do so by clicking on the voting button on the web portal and following the instructions there. Stockholders who have sent in proxy We've voted on our Internet who 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 2021 Iron Mountain Annual Stockholder Meeting closed at 9:12 am Eastern Time on May 12, 2021. Joseph, will you please report on the tally of the votes?
The preliminary vote report shows that the nominees for election to the Board have been duly elected. The amendment to the Iron Mountain Incorporated 20 14 Stock and Cash Incentive Plan has been approved. The amendment to the Iron Mountain Incorporated 2013 employee stock purchase plan has been approved The compensation of the named executive officers has been approved by Advisory Boat and the selection of Deloitte and Touche as the company's independent registered public accounting firm for the year ending December 31, 2021 has been approved.
Thank you, Joseph. The company will be reporting the final results on a Form 8 ks filed with the SEC Within 4 business days. Now, we would like to open up for the stockholder questions and comments that are being answered 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 combine them into one question.
We will pause for stockholders to finish up any of their questions on the web portal.
Mr. Chairman, we have a question. What is our percentage equity holding in MakeSpace LLC?
Could you repeat that question, please?
What is our percentage equity holding in MakeSpace LLC?
What is our percentage equity holdings in MakeSpace? I will ask our CEO, Bill, maybe to take that question, Bill?
Thank you, Al. It's a little over 40%.
Mr. Chairman, we have no further questions.
There may be no further business to come before the meeting. The 2021 Annual Meeting of Stockholders of Iron Mountain Incorporated Is now adjourned. Thank you.
Thank you. The Annual General Meeting for Iron Mountain Incorporated has now come to an end. Thank you for attending. You may now disconnect.