I want to welcome all of you to the annual meeting of stockholders of LKQ Corporation. I am Justin Jude, President and Chief Executive Officer of LKQ. It is now shortly after 2 P.M. Central on Wednesday, May 6th, this meeting is called to order. I would like to introduce the other members of the board participating in today's meeting: Andrew Clarke, Meg Ann Divitto, Sue Gove, John Mendel, James Metcalf, Michael Powell, Xavier Urbain. Matt McKay will act as Secretary of the meeting. Rick Galloway 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 been adjourned, we will provide time for general questions that are pertinent to the company and the items brought before this meeting as time permits and in accordance with our rules of conduct and procedures for this meeting. Only validated stockholders may ask questions in the designated field on the web portal. Questions will be grouped by topic, and substantially similar questions will be answered only once. 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 6 days ago, 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 distribution establishing that notice of this meeting was duly given. A copy of the notice of meeting and the affidavit of distribution will be incorporated into the minutes of this meeting. All stockholders of record at the close of business on March 10th, 2026 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 purpose of transacting business. Matt, do you have a report?
Yes, Justin. The stockholder list shows that holders of 255,209,121 shares of common stock of the corporation are entitled to vote at this meeting. We are informed by Mr. Galloway that there are represented in person or by proxy 241,972,155 shares of common stock, or approximately 94.8% 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 purposes of transacting such business as may properly come before it. It is now 2:03 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 stockholders of LKQ is the election of eight directors to serve until the annual meeting of the stockholders in 2027 and until their successors are duly elected and qualified. We recommend you vote for the election of the following persons as directors of the corporation: Andrew Clarke, Meg Ann Divitto, Sue Gove, Justin Jude, James Metcalf, John Mendel, Michael Powell, and Xavier Urbain. The second proposal before the stockholders is the ratification of the appointment of Deloitte & Touche LLP as the independent registered public accounting firm of the company for fiscal year 2026. We recommend that you vote for the second proposal. The third proposal before the stockholders is the approval on an advisory basis of the fiscal year 2025 compensation of our named executive officers. We recommend that you vote for the third proposal.
The fourth proposal before the stockholders is the approval of an amendment to the company's restated certificate of incorporation to provide stockholders holding a combined 25% or more of our common stock with the right to request a special meeting of stockholders. We recommend that you vote for the fourth proposal. If any stockholder would like to ask a question regarding any of the 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 an opportunity to vote, I declare that the polls are closed. It is 2:05 P.M. Central Time. Will the secretary please report the preliminary results of the voting?
We have been informed by the Inspector of Election that the preliminary vote report shows that, number 1, the nominees for election to the board of directors have been duly elected. Number 2, the appointment of Deloitte & Touche as our independent registered public accounting firm has been ratified. Number 3, the compensation of our named executive officers has been approved. Number 4, the amendment to the company's certificate of incorporation to provide stockholders holding a combined 25% or more of our common stock with the right to request a special meeting of stockholders 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, and thank you for all attending today's meeting. There being no further business to address, the 2026 annual meeting of stockholders of LKQ Corporation is adjourned. Now, we will be happy to address stockholder questions or comments that are pertinent to the company and the items brought before the just-concluded meeting as time permits and in accordance with our rules of conduct and procedures. There are no questions to address at this time. Thank you again for attending today's meeting.
That concludes our meeting today. You may now disconnect.