Good morning, welcome to the 2026 annual stockholder meeting of Louisiana-Pacific Corporation. I am Nicholas Grasberger, Chairman of the Board of Directors, and we have stockholders attending the meeting via the web portal. As is our custom, we will conduct the business portion of our meeting first and answer questions germane to the meeting at the end of the meeting. You may submit questions through the meeting web portal. Please include with your question your name, city of residence, and confirm whether you are a stockholder or a proxy holder. Though I may not be able to answer every question, we will do our best to provide a response to as many as possible and will address any unanswered questions that are relevant to the annual meeting matters on our corporate website shortly after the meeting.
We will conduct this meeting in accordance with the agenda and the rules of conduct, which may be accessed on the meeting web portal. [Tony Carideo] will act as Inspector of Election for today's meeting. He has previously taken an oath as an Inspector of Election, and a copy of the oath will be filed with the minutes of this meeting. In keeping with the digital approach of this year's meeting, it is now shortly after 7:30 A.M. Central Time on May 1, this meeting is now officially called to order. To begin, it is my pleasure to introduce the other members of your board of directors, Jason Ringblom, Lizanne M. Bruce, Stephen Macadam, Jose Bayardo, Ty Silberhorn, Jean-Michel Ribiéras, and Kelly Barrett. We also have with us today [Mark Scalese] from Deloitte & Touche. [Mark] serves as the lead client service partner for LP.
[Mark] will be available to answer questions regarding the proposal to ratify Deloitte & Touche as the corporation's registered public accounting firm for 2026. Let me address a few procedural matters. Please note that this meeting is being recorded. No one attending via the webcast or telephone is permitted to use any audio recording device. The record date for voting at this meeting was March 3rd, 2026. We have received an affidavit of distribution from Broadridge Financial Solutions, confirming that the notice of the annual meeting and proxy statement were distributed to the corporation stockholders. A copy of the affidavit will be filed with the minutes of this meeting. The list of stockholders entitled to vote at this meeting has been available for examination by stockholders for more than 10 days prior to this meeting, as required by Delaware law.
The list also was available for inspection by stockholders at this meeting using the link on the meeting web portal. The stockholder list shows that holders of 69,848,440 shares of common stock of the corporation are entitled to vote at this meeting. Based on the tabulation of proxies received from the Inspector of Election just prior to the commencement of this meeting, the Inspector has determined that we have a quorum present in person or represented by proxy at the meeting, representing the holders of a majority of the outstanding shares of common stock entitled to vote at the meeting. Accordingly, I declare a quorum present, and the meeting is open for business.
If you have voted on the internet or by telephone or mailed in your management proxy, it will be voted on your behalf in accordance with your instructions, and there is nothing further you need to do. 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. I will now present the matters to be voted upon. The first proposal is the election of directors. The first item of business is the election of class 2 directors whose terms expire in 2029. The three director nominees are Jose A. Bayardo, Stephen E. Macadam, and Jean-Michel Ribiéras. Their biographies are listed in the proxy statement. The board of directors recommends you vote your shares for each class 2 director nominee.
The second proposal is the ratification of the selection of our independent auditor. The next order of business is the ratification of the appointment of Deloitte & Touche LLP as the corporation's independent registered public accounting firm for 2026. The board of directors recommends you vote your shares for the ratification of the appointment of Deloitte & Touche LLP as the corporation's independent registered public accounting firm for 2026. The third proposal is an advisory vote on the approval of named executive officer compensation. The final item is an advisory vote on the approval of named executive officer compensation. The Say on Pay vote allows the corporation stockholders the opportunity to cast an advisory vote on the approval of the compensation paid to the corporation's named executive officers. As described in detail in the proxy statement.
The compensation committee of the board of directors is responsible for determining compensation policies, but the entire board recommends you vote your shares for the approval of the Say on Pay item. It is now approximately 7:35 A.M. Central Time on May 1, 2026, and the polls are now open. 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. Stockholders who have sent in proxies or voted via telephone or internet and do not want to change their votes do not need to take any further action. Now that everyone has had the opportunity to vote, I declare the polls for the 2026 Louisiana-Pacific Corporation annual stockholder meeting are closed. I will now announce the preliminary voting results.
For proposal number 1, the three nominees received a majority of votes cast and have been reelected as class 2 directors of LP. Regarding proposal number 2, the appointment of Deloitte & Touche as our independent registered public accounting firm for 2026 has been ratified. Finally, proposal number 3, the compensation of our named executive officers has been approved on an advisory basis. Our inspector of election will tabulate the proxy ballots and provide a final report of the voting results. The final voting results will be appended to the minutes of the meeting and will be publicly disclosed by Form 8-K within four business days. We thank you again for attending the meeting and for your ongoing support as stockholders of Louisiana-Pacific. The business portion of the meeting is adjourned. Now, we would like to open things up for stockholder questions and comments.
Please note we will attempt to answer as many questions as time allows, but only questions that are germane to the meeting will be addressed. Any questions that we do not get to and that are relevant to annual meeting matters will be addressed on our corporate website. Seeing that there are no questions, I'd like to again thank everyone for joining the meeting and wish you all a good day. Thank you. The meeting has now concluded. Thank you for joining, and have a pleasant day.