Good morning and welcome to the Lumentum Annual Meeting of Stockholders. I would now like to turn the conference over to Penny Hersher. Please go ahead.
Thank you. Good morning, ladies and gentlemen. I am Penny Hersher, Chairman of the Board of Lumentum Holdings. It is my pleasure to welcome you to Lumentum's 2019 Annual Meeting of Stockholders. I would like to introduce Alan Lowe, President and Chief Executive Officer of Lumentum, who will introduce the others in attendance.
Thank you, Penny. 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 2019 Annual Meeting. Before proceeding further, 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 today are Hal Covert, Penny Hersher, Julie Johnson, Brian Lillie, Ian Small, and Sam Thomas. I would like to also introduce the corporate officers in attendance: Wajid Ali, Executive Vice President and Chief Financial Officer; Chris Coldren, Senior Vice President of Investor Relations; and Judy Hamel, Senior Vice President, General Counsel, and Secretary. Also with us today is Mark Farley, representing Deloitte. I will act as Chairperson of this meeting, and I have asked Judy Hamel to facilitate and record the minutes of the meeting.
She has also been appointed to act as Inspector of Election and has signed an oath of office, which will be filed with the minutes of the meeting.
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. Alan will then provide some brief comments, after which we will answer any questions submitted online during the meeting. The online portal has been open 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 27, 2019, to all stockholders of record at the close of business on the record date of September 20, 2019, 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 77,208,702 shares issued and outstanding as of the record date, the holders of at least 67,939,930 shares of common stock are present or represented at the meeting, which represents approximately 88% 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 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.
Pacific Time on November 14, 2019, 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. Our Board of Directors presently has seven members, each with a one-year term. Each of the 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 Hersher, Julie Johnson, Brian Lillie, Alan Lowe, Ian Small, and Sam Thomas. All of these nominees are currently serving as directors of the company. Directors elected at today's meeting will hold office until the 2020 Annual Meeting of Stockholders or until the successors are duly elected and qualified. This item is discussed on pages 16 through 20 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 pages 21 and 22 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 June 27, 2020. This item is discussed on pages 23 and 24 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 be closed 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 8:05 A.M.
Pacific Time on November 14, 2019, 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 a preliminary report on the voting results. With regard to Proposal One, the seven nominees, Hal Covert, Penny Hersher, Julie Johnson, Brian Lillie, Alan Lowe, Ian Small, and Sam Thomas, were each elected by a majority of the votes cast and will hold office until the 2020 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 ended June 27, 2020, 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. This Annual Meeting of Stockholders is now adjourned. Thank you for your attendance. We will now proceed with our company with a brief message from Alan 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-K filed on October 31, 2019. These documents identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. With the formal business of the meeting now over, I will turn the meeting back to Alan.
Thank you, Judy. I'd like to take this opportunity to thank all of our stockholders. We have been an independent publicly traded company for a little more than four years now, and our strategy to invest in growing markets, develop the best products and technologies, and foster the closest relationships with market-leading customers is succeeding, and we believe our future is bright at Lumentum. For more information on Lumentum's business and our financial results, please refer to the press release with our first quarter fiscal 2020 results, as well as a recording of our quarterly earnings call held on October 31, which are both available on our website. We now have a few minutes remaining to take questions. If you have a question, please type into the portal you see on your screen. Judy will now facilitate the Q&A portion.
Thank you, Alan. There are no questions.
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've shown in Lumentum. We very much appreciate your attendance, and as always, thank you for your support.