Good morning, ladies and gentlemen. I am Alan Lowe, President and Chief Executive Officer of Lumentum. It is my pleasure to welcome you to our 2020 Annual Meeting. Before proceeding, let me introduce the other Directors who are present today, each of whom is also a director nominee. In addition to myself, our Directors here online today are Harold Covert, Penny Herscher, Julie Johnson, Brian Lillie, Ian Small, and Janet Wong. I would also like to welcome the most recent addition to our board, Ms. Janet Wong, who joined our board in September of this year. In addition, I'd like to mention that Sam Thomas will not be standing for reelection today. Sam served as a member of our board since we became a publicly traded company in 2015.
I would like to thank Sam for his support and service to Lumentum for over five years and wish him well in his new future endeavors. I would also like to introduce the corporate officers in attendance: Wajid Ali, Executive Vice President, Chief Financial Officer; Chris Coldren, Senior Vice President, Strategy and Corporate Development; and Judy Hamill, Senior Vice President, General Counsel and Secretary. Also with us today is Mark Corley , representing Deloitte. I will act as Chairperson of this meeting, and I've asked Judy Hamill to facilitate and record the minutes of this meeting. She has also been appointed to act as Inspector of Election and assigned an oath of office, which will be filed with the minutes of this meeting. Judy?
Thank you, Alan. This annual meeting is being held in accordance with Lumentum's Bylaws and Delaware law. I will briefly describe the three 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 and that the notice and proxy materials were mailed on or about September 25th, 2020, to all stockholders of record at the close of business on the record date of September 21st, 2020, and copies of the notice, proxy statement, and proxy will be filed with the minutes of this meeting. Based on a review of the proxy cards submitted prior to this meeting, as Inspector of Election, I have determined that out of an aggregate of 75,461,873 shares issued and outstanding as of the record date, the holders of at least 67,945,499 shares of common stock are present or represented at the meeting, which represents approximately 90% of all outstanding shares. That constitutes a majority of all issued and outstanding shares of our common stock entitled to vote at this annual meeting.
A quorum is therefore present, the meeting is duly constituted, and the business of the meeting may proceed. As you all 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 still 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. Pacific Time on November 19, 2020, 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. As Alan mentioned earlier, Sam Thomas is not standing for reelection. The remaining seven directors are nominated for election at today's meeting. As indicated in Lumentum's proxy statement, the following seven individuals have been nominated by our board to serve as directors: Hal Covert, 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 2021 annual meeting of stockholders or until their successors are duly elected and qualified. This item is discussed on pages 18 through 22 in the proxy statement. The next item of business is an advisory vote to approve the compensation of our named executive officers. This item is discussed on page 23 in the proxy statement. The last item of business is to ratify the appointment of Deloitte & Touche LLP, or Deloitte, as the independent registered public accounting firm for the company for the fiscal year ending July 3rd, 2021. This item is discussed on pages 24 and 25 in the proxy statement. If you have not yet voted or 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 19, 2020, 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 seven nominees, Hal Covert, Penny Herscher , Julie 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 2021 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 appointment of Deloitte to act as the company's independent registered public accounting firm for the fiscal year ending July 3rd, 2021, 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 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 could differ materially from those 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 on Form 10-Q filed on November 2nd, 2020. 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 those measures to the nearest GAAP equivalent is available on the Investor Relations portion of our website, in particular with our full-year fiscal year 2020 and first quarter of fiscal 2021 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. In August, we completed our fifth year as a standalone publicly traded company. Our strategy to invest in growing markets, develop the best products and technologies, and foster the closest relationships with market-leading customers is succeeding. During fiscal year 2020, we made significant progress towards our long-term strategic and financial goals. Fiscal 2020 net revenue of $1.68 billion was a new high and was double that of fiscal 2015 revenue. For the first time, full-year non-GAAP operating margin expanded to more than 26%. A few weeks ago, we reported our first quarter of fiscal 2021 results, which included new records for non-GAAP gross margin at 52%, non-GAAP operating margin at 33.7%, and non-GAAP earnings per share of $1.78.
These results were driven by improving product mix and operational efficiency, as well as the impact of synergies from the Oclaro acquisition we completed in December of 2018. During the past year, 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 wins 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 flowing through the world's optical networks and data centers drives increasing need for our communication products.
We believe the market for our products used in 3D sensing will continue to expand in the coming years as 3D sensing enables 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 and the types of industrial lasers we supply.
The accomplishments I have outlined, along with the growth catalysts we see across each of our market product lines, make it a very exciting time at Lumentum for all our stakeholders. At Lumentum, we are releasing the power of light to create a brighter future. For more information, please refer to our press release with our first quarter of fiscal 2021 results filed on November 2nd, 2020, which is available on our website. We now have a few remaining minutes to take questions. If you have a question, please type into the portal you see on your screen. Chris Coldren will now facilitate the Q&A portion. Chris?
Thank you, Alan. We have no questions in the queue.
Okay. Thank you, Chris. Seeing no questions, we will move to close the meeting. I want to thank all of you 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 now concludes the meeting. Thank you for joining, and have a pleasant day.
The host has ended this call. Goodbye.