Welcome to the special meeting for Intuitive Surgical, Inc. Our host for today's call will be Craig Baer, Chair of the Board of Directors and Gary Gutharth, Chief Executive Officer. At this time, all participants will be in a listen only mode. I will now turn the call over to your host, Mr. Baer and Mr.
Gutheart. You may begin.
Good afternoon, ladies and gentlemen. I am Craig Barrett, Chair of the Board of Directors of Trudiv Surgical. I welcome you to the special meeting of stockholders. We are hosting our special meeting virtually due to the public health impact of the COVID-nineteen pandemic. Before I call the meeting to order, I would like to introduce to you other members of the Board and the management team who are online with us today Joseph Beery, an Intuitive Director Doctor.
Gary Goodhart, President and Chief Executive Officer and an Intuitive Director Amal Johnson, an Intuitive Director Jamie Dover Knapsheim, an Intuitive Director Doctor. Monica Reed, an Intuitive Director Mark Rudash, and Intuitive Director Marshall Moore, Executive Vice President and Chief Financial Officer Jamie Samarth, Senior Vice President, Finance and Philip Kim, Head of Investor Relations. I would also like to introduce Chris Vico, our Inspector of Ms. Chin will act as secretary of the meeting. Let me start with a brief review of the agenda for today's meeting.
We will start by taking care of some housekeeping items and then we will move to the formal business for today's meeting, consideration of the proposals described in our proxy statement. After the conclusion of the formal business, we will have time for appropriate questions. Only stockholders may ask questions, which must be submitted in the designated field on the web portal. Out of consideration for others, please limit yourself to 2 questions. If you encounter any difficulty submitting questions during the meeting, Please refer to the proxy statement for information on how to reach our support team.
The meeting will now come to order. We will proceed with the formal business of the meeting as set forth in the notice of special meeting and proxy statement. I have confirmed with Computershare that we have a complete list of the stockholders of record of the company's capital stock on August 18, 2021, the record date for this meeting. That list of stockholders and the number of shares held by each such stockholder as of the record date is available on the web portal for any stockholder wishing to inspect it. I also have an affidavit certifying that on August 23, 2021, a notice of special meeting of stockholders of the company was sent either by United States mail or email to all stockholders of record at the close of business on August 18, 2021.
I hereby appoint Christina Vaco to act as Inspector of Election at this meeting. Ms. Baco has taken and subscribed the customary oath of office to execute her duties with strict impartiality, which will be filed with the records of the meeting. Her function is to decide the qualification of voters, accept their votes, and when voting on all matters is completed to tally the votes cast as to each matter. I'm informed that based on the number of proxies received to date, a quorum is present and the meeting will proceed.
I hereby declare this meeting to be duly constituted for the transaction of all business. We will now proceed with the formal business of this meeting. There is one proposal to be considered by the stockholders at this meeting. It is to approve the adoption of an amendment to our amended and restated certificate of incorporation to increase the number of authorized shares of our common stock from 300,000,000 shares to 600,000,000 shares for the purpose of, among other things affecting a 3 for 1 stock split of our issued and outstanding common stock as part of such amendment. The time is now 3:0:5 p.
M. On September 20, 2021 and the polls are now open for voting on all matters to be presented. The polls will be closed to voting after we go through the matters to be voted upon. The first order of business is an amendment to the company's amended and restated certificate of incorporation To increase the number of authorized shares of our common stock from 300,000,000 shares to 600,000,000 shares for the purpose of, among other things, affecting a 3 for 1 stock split of our issued and outstanding common stock as part of such amendment. The Board of Directors recommends that stockholders vote for the approval of the amendment to the company's amended and restated certificate of incorporation as disclosed in the proxy statement for this special meeting.
Are there any questions or comments on this proposal? Any stockholder who 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 by telephone or Internet and who do not want to change their vote Do not need to take any further action. Only stockholders of record on August 18, 2021 or their proxy holders are eligible to vote at this meeting. We are now going to take a short pause to allow for any stockholders The time is now 3:0:7 pm and the polls are now closed for voting.
We've been informed by the Inspector of Election that the preliminary vote report shows that there were sufficient votes for the proposal to approve the adoption of an amendment to our amended and restated certificate of incorporation to increase the number of authorized shares of our common stock from 300,000,000 shares to 600,000,000 shares for the purpose of, among other things, affecting a 3 for 1 stock split of our issued and outstanding common stock as part of such amendment. The Inspector of Election will prepare a final report that will be included as part of the record of this meeting. We will be reporting the final vote results in a Form 8 ks, which will be filed with the Securities and Exchange Commission within the next 4 business days. The results can be also obtained before that date by writing to our Corporate Secretary. Is there any other business to come before this meeting?
This concludes the formal portion of our meeting. This meeting is adjourned at 3:0:8 p. M. I will now turn it over to Gary to answer any questions that we may have received. Gary?
Thank you, Craig. There's one question in the queue so far. So I'll go ahead and read that question and answer it and we'll go from there. First question is, Love the balance sheet, but if you borrowed to increase your investment in R and D, wouldn't that speed up your growth in a now competitive market. I think we're in a good cash position.
And from an R and D side, I think we have the funds in hands to fund those things that we think are most important. The way we think about our priorities in R and D, You know if you've been following us that we've been increasing our investments over the years, has been really to invest in those things that we think we can do well that will deliver real value for our customers and create a sustainable position for the company and sustainable growth. So that's what we've been doing. We've been able to fund that through our operations over time. I don't think adding additional Debt, where we're sitting now to really any debt to help fund us is in the best interest of the company at the moment.
So I think there's a ton of opportunity. I think we have positioned the company well to take advantage of that opportunity. And one of the things we limit ourselves to is by making sure that when we invest, we have an expectation that that money is productively used. So far so good. At this time, we now have no additional other questions in the queue.
I'd like to thank you for joining this call and for your ongoing support of the company. And with that, we'll finish this special meeting of stockholders. Thank you so much.
This now concludes the meeting. Thank you for joining and have a pleasant day.