Good day, and thank you for standing by. Welcome to the Lumentum Annual Meeting. I would now like to hand the conference over to our speaker today, Alan Lowe. Please go ahead.
Thank you. Good morning, ladies and gentlemen. I'm Alan Lowe, President and Chief Executive Officer of Lumentum. It is my pleasure to welcome you to our 2021 Annual Meeting. Before proceeding further, let me introduce the other directors who are present today, each of whom is a director nominee. In addition to myself, our directors here online today are: Penny Herscher , our Board Chair, along with Hal Covert, Julia Johnson, Brian Lillie, Ian Small, Janet Wong, and Isaac Harris. I'd like to welcome our most recent addition to our board, Mr. Isaac Ike Harris, who joined our board in June of this year. Ike brings an impressive track record of successfully managing supply chains, expanding global operations, and creating a positive impact on business performance and operational excellence for industry-leading organizations.
I would also like to introduce our group of officers in attendance: Wajid Ali, Executive Vice President, Chief Financial Officer; Chris Coldren, Senior Vice President, Strategy and Corporate Development; and Judy Hamel, Senior Vice President, General Counsel, and Secretary. Also with us today is Justin Yuen, representing Deloitte. I will act as Chairperson of this meeting, and I've asked Judy Hamel to facilitate and record the minutes of this meeting. She has also been appointed to act as Inspector of Election and has signed a oath of office, which will be filed at the minutes of this meeting.
Thank you, Alan. This Annual Meeting is being held in accordance with Lumentum's bylaws and Delaware law. I will briefly describe the four items of business that were included in the proxy statement for this meeting. We will then complete the balloting process and announce the preliminary voting results, at which time the official portion of this meeting will be adjourned. After that, Alan will provide some brief comments, after which we will answer questions submitted online during the meeting. The online portal has been opened for you to submit questions, and we will do our best to answer questions at the end of Alan's comments.
An affidavit that notice of this meeting has been duly given that the notice and proxy materials were mailed on or about September 30th, 2021, to all stockholders of record at the close of business on the record date of September 21st, 2021, and copies of the notice, Proxy Statement, and proxy will be filed with the minutes of this meeting. Based on the review of the proxy cards submitted prior to this meeting, as Inspector of Election, I have determined that out of an aggregate of 72,546,612 shares issued and outstanding as of the record date, the holders of at least 63,570,108 shares of common stock are present or represented at the meeting, which represents approximately 88% of all outstanding shares. That constitutes the majority of all issued and outstanding shares of our common stock entitled to vote at this Annual Meeting. The quorum is therefore present.
The meeting is duly constituted, and the business of the meeting may proceed. As you know, this is a virtual Annual Meeting. If you are a stockholder as of the record date, you may vote during the meeting today by online ballot. If you are a beneficial holder, you may only vote if you have received a legal proxy from your broker, bank, or nominee. If you have previously submitted your proxy, whether by proxy card, telephone, or internet, and you do not intend to change your vote, it is not necessary that you submit another proxy or vote online. Your vote will be counted. If you are eligible to vote and have not submitted your proxy, or if you want to change your vote, please vote online during this meeting. I will announce the preliminary results of the voting at the end of the meeting.
It is now 8:04 A.M. on November 19th, 2021, and the polls for each matter to be voted on at this meeting are now open. The first item of business is the election of directors. At the time of this meeting, our Board of Directors has eight members, each with a one-year term. All eight directors are nominated for election at today's meeting. As indicated in Lumentum's proxy statement, the following eight individuals have been nominated by our board to serve as directors: Hal Covert, Isaac Harris, Penny Herscher , Julia Johnson, Brian Lillie, Alan Lowe, Ian Small, and Janet Wong. All of these nominees are currently serving as directors of the company. Directors elected at today's meeting will hold office until the 2022 Annual Meeting of Stockholders, or until their successors are duly elected and qualified. This item is discussed on pages 19 through 24 in the proxy statement.
The second item of business is an advisory vote to approve the compensation of our named executive officers. This item is discussed on page 25 in the Proxy Statement. The next item of business is the approval of the amended and restated 2015 Equity Incentive Plan. This item is discussed on pages 26 through 33 in the Proxy Statement. The final item of business is to ratify the appointment of Deloitte & Touche LLP as an independent registered public accounting firm for the company for the fiscal year ending July 2nd, 2022. This item is discussed on pages 34 and 35 in the Proxy Statement. If you have not yet voted and intend to vote, please do so now online. You must submit your votes in order for them to be counted as the polls will close momentarily.
As Inspector of Election, I will not accept ballots, proxies, or votes or any changes or revocations submitted after the closing of the polls. It is now 8:06 A.M. on November 19th, 2021, and the polls for each matter to be voted on at this meeting are now closed. No additional ballots, proxies, or votes, and no changes or revocations will be accepted. I have tabulated the proxies and ballots in my capacity as Inspector of Election. Here is the preliminary report on the voting results. With regard to Proposal One, the eight nominees Hal Covert, Isaac Harris, Penny Herscher, Julia Johnson, Brian Lillie, Alan Lowe, Ian Small, and Janet Wong were each elected by a majority of the votes cast and will hold office until the 2022 Annual Meeting of Stockholders, or until his or her successor is duly elected and qualified.
With regard to Proposal Two, the advisory vote to approve the compensation of our named executive officers has been approved. With regard to Proposal Three, the approval of the amended and restated 2015 Equity Incentive Plan has been approved. With regard to Proposal Four, the appointment of Deloitte to act as the company's independent registered public accounting firm for the fiscal year ending July 2nd, 2022, has been approved. The final results of voting, including any ballots and proxies recorded during this meeting, will be set forth in the report of the Inspector of Election and will be included in the minutes of this meeting. The final results will also be reported in a Form 8-K to be filed with the SEC no later than four business days from today. This Annual Meeting of Stockholders is now adjourned. Thank you for your attendance.
We will now proceed with our company update and address stockholder questions. Please note that we may not be able to answer or address all questions given our time constraints. Questions that may either be repetitive or inappropriate may also not be addressed. Before we go any further, I would like to note that during the course of the company update and question and answer period, we may make forward-looking statements regarding future events or the future financial performance of the company, which involve risks and uncertainties. Such statements are only predictions, and actual events or results can differ materially from these predictions due to a number of risks and uncertainties. I refer you to the documents we file with the Securities and Exchange Commission, specifically the company's recent quarterly report and Form 10-Q filed on November 4th, 2021.
These documents identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. In addition, we will disclose various non-GAAP financial measures. Reconciliations of all of these measures to the non-GAAP equivalent is available on the Investor Relations portion of our website, in particular with our full year fiscal 2021 and first quarter of fiscal 2022 earnings releases. With the formal business of the meeting now over, I will turn the meeting back to Alan for his remarks.
Thank you, Judy. I'd like to take this opportunity to thank all of our stockholders. We had a record fiscal 2021 by all financial metrics despite the difficulties COVID-19 brought to the world. Fiscal 2021 net revenue was $1.74 billion, was a new high, and was more than double that of fiscal 2015 revenue. For the first time, full year non-GAAP gross margin exceeded 50%, and non-GAAP operating margin exceeded 50%. A few weeks ago, we reported our first quarter fiscal 2022 results, which included a new record for non-GAAP gross margin at 55%. These great results are the outcome of successfully executing our strategy of investing in growing markets, developing the best products and technologies, and fostering the closest relationships with market-leading customers. During fiscal 2021, we made significant progress toward our long-term strategic and financial goals.
We believe we have added to or extended our market and technology leadership positions in each of our markets by introducing many highly differentiated new products and winning new design-ins with market-leading customers. We believe we are well-positioned in global markets that increasingly rely on our photonics products and technologies and benefit from durable long-term growth drivers. Continued strong growth in the amount of data coming through the world's optical networks and data centers drives increasing need for our communications products. The market for our products used in 3D sensing and LiDAR will continue to expand in the coming years, and these enable improved security and safety, as well as other new functionality in next-generation consumer electronic devices and automobiles.
Higher required levels of precision, new materials, and factory and energy efficiency needs are causing manufacturers around the world to increasingly turn to laser-based approaches in the type of industrial lasers we supply. The accomplishments I outlined, along with the growth catalysts we see in each of our major product lines, make it a very exciting time at Lumentum for all stakeholders. Based on confidence in our long-term outlook, during the fourth quarter of fiscal 2021, we initiated a $700 million stock buyback. Between then and the end of the first quarter of fiscal 2022, we have purchased more than $333 million of our shares. In August, we also released our first corporate social responsibility report, which concluded our commitment to reducing impact to the planet, a diverse and inclusive workplace, and human rights for the workers around the world to support the production of our products.
At Lumentum, we are truly releasing the power of light to create a brighter future. We now have a few remaining minutes to take questions. If you have questions, please type them into the portal you will see on your screen. Chris Coldren will now facilitate the Q&A portion.
Alan, we have no questions in the queue.
Thank you, Chris. Seeing no questions, we will move to close the meeting. I want to thank you all for attending today's meeting and for the interest you have shown in Lumentum. We very much appreciate your attendance, and as always, thank you for your support.
This concludes the meeting. You may now disconnect.