Welcome to the twenty twenty one Annual Meeting of Corporation shareholders. I would now like to introduce Copeland Corporation's Chairman of the Board and CEO, Doctor. John C. C. Fan.
Good morning, ladies and gentlemen, and welcome to the live broadcast of the twenty twenty one Annual Meeting of the Shareholders of Kobin Corporation. I am John Fan, Chairman of the Board and CEO of Kobin Corporation. This meeting is being recorded and will be available for replay for a limited time in the Investor Relations portion of our website. In order to assure fairness to all in this meeting, we'll follow the rules of the conduct on the annual meeting website. The rules contain the important information about the annual meeting, including how this meeting will be adjourned and we are reconvened if we experience technical difficulties.
Shareholders may submit questions during the course of the meeting, only dealing with the items on agenda. For consideration of others, please limit yourself to one question. As concluding the formal meeting, we will answer your questions. We will be making forward looking statements during today's meeting. These statements may sound like to be wrong.
Joining me today are board members, Sue Emery, Jim Bloomington, and Dave Brook, and the representative of our SM, our independent accounting firm. Also joining me is Rich Schneider, our Chief CFO, who has been swung in as the inspector of elections for the meeting.
John, the close of business on 04/09/2021 was fixed as the record date for the determination of shareholders entitled to notice and to vote at the meeting. Notice of the meeting and the related proxy statements were sent out on or about 04/26/2021, to all shareholders of record for the meeting. A copy of the list of shareholders as of the record date is available for inspection on the annual meeting website during the meeting. A quorum is present represented by the proxies received by the transfer agent.
Since there is a quorum, I will call the meeting to order. The first item of business on the notice of meeting is the election of seven directors. Each the whole office until the twenty twenty two annual meeting of stockholders and until their success is elected and qualified. The nominees for the board of directors are John Fan, Scott Achin, doctor Jill Avery, James Brewington, David Brook, Doctor. McCollins and Doctor.
Tisha. The second item business on the notice of meeting is a proposal to amend the company's 2021 equity incentive plan to increase the number of authorized shares under the plan from 4,000,000 to 5,500,000.0. The third item of business on the notice of meeting is a proposal to amend the company's certificate of incorporation to increase the number of authorized shares to a 150,000,000. The fourth item business on the notice of the meeting is to is a proposal to ratify the employment by the board of RFM LLP as independent registered public accountant of the company for the current fiscal year. The fifth item of business on the notice of meeting is the advisory vote to approve the company's executive conversation.
The board recommends a vote for all those matters.
I declare the polls open. If you'd like to take your if you would like to vote your shares at this time, please use the voting button at the bottom of your screen. Mr. Chairman, the polls are now closed. On the basis of proxies already received representing stockholders of record owning 56,832,793 shares of common stock, constituting a majority of all the outstanding shares of the common stock of the company, I can report the following.
With respect to the first item on the agenda for the meeting, the election of seven directors of the company, each to hold office until the twenty twenty two annual meeting and until his or her successor is elected and qualified, the majority of the shares of common stock of the company who voted for the election of each of the seven nominees listed in the proxy statement. With respect to the second item on the agenda, a proposal to amend the company's 2021 equity incentive plan to increase the number of authorized shares of the plan from $4,000,000 to $5,500,000 a majority of the shares of common stock of the company voted for the increase. With respect to the third item of business, a proposal to amend the company's certificate of incorporation to increase the number of authorized shares to $150,000,000 a majority of the shares of the common stock of the company were voted for the increase. With respect to the fourth item on the agenda, the ratification of the appointment of RSM LLP as the independent registered public accountants of the company for the current fiscal year, the majority of the shares of the common stock of the company were voted for the ratification of the appointment of RSM LLP.
With respect to the balloting of the fifth item on the agenda for the meeting, an advisory vote on the company's executive compensation, majority of the shares voted for the approval of the company's executive compensation. We will file a Form eight ks with the SEC announcing the final voting results after we complete the inspection of elections report. This concludes the business portion of our meeting, which is now adjourned. As we have no questions, I'll turn it over for John's closing remarks.
Thank you, everyone, for joining us this morning. I would like to remind everyone that at noon Eastern Time today, I will be presenting a webinar focused on the future roadmap of AR and VR. Details on the webinar can be found on our website. Thank you, and good morning.
Our meeting has now concluded.