Good afternoon. I'm Lauren Sadler, Vice President, Corporate Counsel for Tilray Realty Corporation, and I would like to welcome you to our 2020 Annual Stockholders Meeting. This will be our first time conducting our annual meeting virtually. I would like to begin by sending our thoughts out to those impacted by the COVID-nineteen virus, both globally and in the communities in which we live, work and operate. We also want to acknowledge the frontline workers who are servicing the most critical elements of our society during this time.
We are grateful to the medical professionals and researchers, grocery and delivery workers and so many others who are helping us stay well as we shelter in place. Next, I'd like to introduce the members of our Board of Directors who have all joined us remotely. Chairman of the Board, President and Chief Executive Officer of the company, John Kilroy Lead Independent Director of the Board, Doctor. Edward Brennan Jolie Hunt, Scott Ingram, Gary Stevenson and Peter Stoneberg. Also participating in today's meeting are Tyler Rose, our Chief Financial Officer, who will act as secretary of today's meeting a representative from Broadridge Financial Solutions, who has been appointed to serve as the Inspector of Election and a representative from our independent auditor, Deloitte and Touche.
I would now like to welcome John Kilroy, who will call our meeting to order.
Thank you, Lauren, and thank all the rest of the Board members for being here today. And I particularly want to thank our stockholders who joined us today. The recent virus outbreak represents an unprecedented period of uncertainty. While it's not clear what the ultimate impact will be on our economy and society, we believe that we are well positioned to weather this challenging moment in time. I'd like to commend the leadership, strength and teamwork exhibited by the employees of this great company throughout this COVID-nineteen pandemic.
Now I'd like to call the 2020 Annual Meeting to order and turn the meeting back over to Lauren, who will cover the business portion of today's meeting. Lauren?
Thank you, John. Notice of today's meeting was duly given to all common stockholders of record on March 6, 2020, and the Inspector of Election has certified that a quorum of those stockholders is present today. To ensure that our meeting today is conducted in an orderly manner, we will follow the agenda and rules of conduct of meeting. Your cooperation in following the agenda and rules of conduct of meeting will allow us to treat all stockholders fairly and ensure an informative meeting for everyone. The rules of conduct of meeting are provided on the web portal.
Please note, rule number 3 provides that only stockholders of record as of the record date or their proxy holders may address the meeting in the designated field on the web portal and only during the designated question and answer session. Out of consideration for others, please limit yourself to 1 question per proposal. Please note this meeting is being recorded. However, no one attending via the webcast or telephone is permitted to use any audio recording device. The next order of business is a description of the matters to be voted on at today's meeting.
The proposals to be voted on today are as follows: 1, the election of 6 nominees to the Board for a term ending at the company's next annual meeting in 2021 and until their respective successors have been elected and qualified 2, an advisory vote on the compensation of our named executive officers as disclosed in the proxy statement 3, the approval of the amendment and restatement of the company's 2006 incentive award plan 4, the approval of the amendment and restatement of the company's charter to increase the number of shares of common stock the company is authorized to issue from $150,000,000 to $280,000,000 and 5, ratification of the appointment of Deloitte and Touche as our independent registered public accounting firm for the year ending December 31, 2020. Biographical information about each of the director nominees and detailed information about each of the other proposals is included in the proxy statement furnished to all stockholders as of the record date beginning on April 8. All of the proposals are now before the meeting. At this time, the polls are open for voting on all proposals set forth in the proxy statement. All stockholders entitled to vote at this meeting have the ability to do so online.
Any stockholder who hasn't yet voted or wishes to change their vote may do so by clicking on the Vote Here button on the web portal and following the instructions there. If you already voted by proxy, then there is no need to vote at this time. After voting has been completed on all matters on the agenda, we will close the polls and provide the preliminary voting results. While the polls are still open, I would like to open the floor for questions regarding the proposals. Please keep in mind that only questions related to the proposals to be voted upon at today's meeting will be answered subject to time constraints.
No questions have been received. So this concludes our Q and A session. Since our Q and A session is complete, we will now pause the meeting to allow for stockholders to complete their voting. Now that everyone has had the opportunity to vote, the polls are now closed. The Inspector of Elections has provided the preliminary voting results for today's meeting, which indicate that all 6 director nominees have received a majority of the votes cast and have been elected to our Board for a 1 year term expiring at the next Annual Meeting of Stockholders in the year 2021 and until their respective successors have been elected and qualified.
It's too close to make a final determination as to whether the advisory vote to approve the compensation of the company's named executive officers has received the affirmative vote of a majority of the votes cast at the meeting, and thus the final results will be announced on a Form 8 ks. The approval of the amendment and restatement of the 2006 incentive award plan has received the affirmative vote of a majority of the votes cast at the meeting. The approval of the amendment and restatement of the company's charter to increase the number of shares of common stock that the company is authorized to issue from 150,000,000 to 280,000,000 dollars has received the affirmative vote of at least 2 thirds of the votes entitled to be cast at the meeting and a majority of the votes cast at the meeting have voted to ratify the appointment of Deloitte and Touche as our independent registered public accounting firm for the year ending December 31, 2020. The final results of the voting will be filed with the SEC on a current report on Form 8 ks. I would now like to turn the meeting back over to John Kilroy.
This concludes our meeting. There being no further business to come