Good afternoon, and welcome to the annual meeting for LKQ Corporation. Our host for today's call is Dominick Zarcone, President and CEO. At this time, all participants will be in a listen-only mode. I will now turn the call over to your host. Dominick Zarcone, you may begin.
Good afternoon. I would like to welcome all of you to the annual meeting of stockholders of LKQ Corporation. I am Dominick Zarcone, President and Chief Executive Officer of LKQ. We are pleased to be hosting our fifth virtual meeting. It is now shortly after 1:30 P.M. Central Time on Tuesday, May seventh, and this meeting is called to order. I would like to introduce the other members of the board participating in today's meeting, including Patrick Berard, Meg Divitto, Joseph Holsten, Blythe McGarvie, John Mendel, Jody Miller, Guhan Subramanian, and Xavier Urbain. Matt McKay will act as Secretary of the meeting. Joe Boutross has been appointed to act as Inspector of Election. Broadridge Financial Solutions has been appointed to act as the master tabulator. Representatives of Deloitte & Touche, our independent auditor, are also present at our meeting.
During the question and answer period, they will be available to respond to appropriate questions. After the formal meeting has adjourned, we will provide time for general questions. Only validated stockholders may ask questions in the designated field on the web portal. Out of consideration for others, please limit yourself to no more than two questions. Please note that this meeting is being recorded. However, no one attending via the webcast is permitted to use any audio recording device. To conduct an orderly meeting, we ask that participants abide by these rules and the other rules set forth in the Rules of Conduct and Procedures posted on the web portal.
Since we announced our first quarter financial results just 14 days ago, and we have no new material, non-public information to disclose, I would ask that you refrain from asking questions either already covered on the earnings call, a transcript of which is available on our corporate website, or looking for more recent business activity updates. Thank you for your cooperation. The secretary has delivered an affidavit of mailing, establishing that notice of this meeting was duly given. A copy of the notice of the meeting and the affidavit of mailing will be incorporated into the minutes of this meeting. All stockholders of record at the close of business on March 11, 2024, are entitled to vote at the annual meeting.
Our first order of business at this meeting is to determine whether the shares present at the meeting, either in person or by proxy, are sufficient to constitute a quorum for the purposes of transacting business. Matt, do you have a report?
Yes, Nick. The stockholder list shows that holders of 266,775,849 shares of common stock of the corporation are entitled to vote at this meeting. We are informed by Mr. Boutross that they are represented in person or by proxy, 247,041,333 shares of common stock, or approximately 92.6% of all the shares entitled to vote at this meeting.
Thank you. Because holders of a majority of the shares entitled to vote at this meeting are present in person or by proxy, I declare this meeting to be duly convened for the purposes of transacting such business as may properly come before it. It is approximately 1:34 P.M. Central Time, and the polls are now open. If you previously voted by proxy, you do not need to vote today unless you wish to change your vote. Any stockholder who has not yet voted or wishes to change their vote, may do so by clicking on the voting button on the web portal and following the instructions there. The next order of business is a description of the matters to be voted on at today's meeting.
The first proposal before the LKQ stockholders is the election of nine directors to serve until the annual meeting of stockholders in 2025 and until their successors are duly elected and qualified. We recommend the election of the following persons as directors of the corporation: Patrick Berard, Meg Ann Divitto, Justin Jude, Blythe J. McGarvie, John William Mendel, Jody Greenstone Miller, Guhan Subramanian, Xavier Urbain, and Dominick Zarcone. The second proposal before the stockholders is the ratification of appointment of Deloitte & Touche, LLP, as the independent registered public accounting firm of the company for fiscal year 2024. The third proposal before the stockholders is the approval on an advisory basis of the compensation of our named executive officers. The fourth proposal before the stockholders is the approval of an amendment to the company's restated certificate of incorporation to provide for officer exculpation.
If any shareholder would like to ask a question regarding any of these proposals, please submit your question through the web portal. We'll take just a moment to allow stockholders an opportunity to vote. Now that everyone has had an opportunity to vote, I declare the polls are closed. It is currently 1:36 P.M. Central Time. Will the secretary please report the preliminary results of voting?
Yes, Nick. We have been informed by the Inspector of Election that the preliminary vote report shows that: number one, the nominees for election to the board of directors have been duly elected. Number two, the appointment of Deloitte & Touche as our independent registered public accounting firm has been ratified. Number three, the compensation of our named executive officers has been approved. Number four, the amendment to the company's certificate of incorporation to provide for officer exculpation has been approved. We will be reporting the final vote results in a Form 8-K to be filed with the SEC within 4 business days.
Thank you, Matt. Now, we will be happy to address stockholder questions or comments. There are no questions to address at this time. Thank you to everybody for attending today's meeting. There being no further business to address, the 2024 Annual Meeting of Stockholders of LKQ Corporation is duly adjourned.
Thank you. This now concludes the meeting. Have a pleasant day.