Hello, and welcome to JBT Marel Corporation annual meeting of stockholders. Please note that this call is being recorded. I'd now like to hand the call over to Alan Feldman. Please go ahead, sir.
Good morning. I'm Alan Feldman, Chairman of the Board of Directors of JBT Marel Corporation, and on behalf of the company, I want to welcome you to our 2025 annual m eeting of stakeholders. Before proceeding with the business portion of our meeting, I'm pleased to introduce our other board members who are joining us today: Barbrazier, Brian Deck, who is JBT Marel's CEO; Swafa Grunfeld; Oliver Goodmundson; Charles Harrington; Lawrence Jackson; Polly Kwolek; Anar Thormason; and Ann Savage. The representatives from the external audit firm, PricewaterhouseCoopers, who audit our 2024 financial statements, are in attendance on the call today, and they are Kristen Cogsite, Maggie Johnson, and Amir Golas. Our directors of election today, who were appointed by the board, are Sherry Speaks and Thurston Bailey. Noah Popp is the corporate secretary, and I will now ask him to please report on the mailings of the notices.
Thank you, Alan, and welcome, everyone. Alan, the company's 2024 annual report and notice of the 2025 Annual Meeting of Stockholders, or notice of internet availability of the proxy materials, were mailed beginning on April 1, 2025, to each holder of JBT Marel Corporation's common stock at the close of business on March 18, 2025. A complete list of the stockholders entitled to vote at the meeting has been opened to inspection by any stockholder for the past 10 days and is currently available on the meeting website for inspection, as is an affidavit attesting to the mailing of the proxy. As a reminder, as is our custom, we will conduct the business portion of our meeting first and answer any questions at the end of the meeting. Please note that you may submit questions throughout the meeting through the designated Q&A feature contained within the virtual meeting website.
You do not need to wait until the end of the meeting. Only validated stockholders may ask questions in the designated field on the web portal. Out of consideration for others, please limit yourself to one question. We may not be able to answer all questions. Please note that the meeting is being recorded. However, no one attending via the webcast or telephone is permitted to use any audio recording device. I would like to now officially call this meeting to order.
Thank you, Noah. Will you now report on the attendance at this meeting?
Yes. The inspectors of election have verified that proxies representing at least 39.149108 million shares of common stock have been received. These proxies represent 75.33% of the total shares issued and outstanding and entitled to vote at this meeting. Because this represents more than a majority of the voting power of all issued and outstanding stock entitled to vote on the record date, a quorum is present for purposes of transacting business.
Thank you, Noah. Legal notice of the meeting has been given, and there is a quorum of the common stock present. This meeting is, therefore, lawfully convened and ready to transact business.
Polls are open. 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 via telephone or Internet and do not want to change their vote do not need to take any further action.
Our first item of business is the election of three directors for terms to expire at the 2026 Annual Meeting of Stakeholders and until their successors are duly elected and qualified. The nominees of directors who are up for election are Alan D. Feldman, Lawrence V. Jackson, and Ann E. Savage. Our second item of business is the advisory vote of stockholders on the 2024 compensation of our executive officers, as reported in our proxy statement. Our third and final item of business is the proposal that our stockholders ratify the appointment of PricewaterhouseCoopers by our audit committee as the company's independent public accounting firm for 2025.
As a reminder, if any stockholders have not yet voted or wish to change their vote, please do so at this time. Now that everyone has had the opportunity to vote, I now declare the polls for the 2025 JBT Marel Corporation Annual Stockholder Meeting closed at 9:35 A.M. Central Time on May 15, 2025.
Noah, do we have preliminary voting results?
Yes, Alan, we do. We have voted the proxies we hold from our stockholders, authorizing us to vote shares, respectively, for the election of Alan Feldman, Lawrence Jackson, and Ann Savage as directors accordingly. Based on these votes, they have been so elected. We have also voted the proxies we hold from our stockholders, authorizing us to vote shares for approval of proposals two and three. Based on these votes, such proposals have been approved. We will be reporting the final vote results on a Form 8-K to be filed within four business days of this meeting.
There being no further business to conduct, the business portion of this meeting is hereby adjourned.
Having not received any questions at this time, we appreciate your attendance at our annual meeting of Stockholders.
On behalf of JBT Marel Corporation, the Board of Directors and employees, thank you for your attendance today and for your continuing interest in JBT.