Thank you for standing by, and welcome to Pulmonx Corporation Annual Meeting. I will now turn the call over to Glen French, President and CEO. Please go ahead.
Good morning. My name is Glen French. I want to thank everyone for joining us today. On behalf of the entire board of directors, I'd like to thank all Pulmonx employees for their continued commitment and hard work. I'd also like to thank our shareholders. Your investment in Pulmonx furthers our mission to be a global leader and trusted partner in the assessment and treatment of severe lung disease by innovating and commercializing evidence-based solutions to improve patients' breathing and quality of life. I'm very happy to officially open and welcome you to the Pulmonx Corporation's 2026 Annual Meeting of Shareholders. As you know, we are holding today's meeting through a virtual online platform hosted by Broadridge Financial Solutions. Before we call the meeting to order, I would like to introduce you to the members of the board, and our colleagues who are present today.
The members of the Pulmonx board, in addition to myself, joining us today are Dana Mead, who is the chairman of our board, Thomas Burns, Rich Ferrari, Daniel Florin, Georgia Garenwa, Melanie Kyoto, and Tiffany Sullivan. Also joining us today are David Lehman, our General Counsel, and Derrick Sung, our Chief Operating Officer and Chief Financial Officer. I would like to introduce Dan Harris, who is our lead engagement principal at BDO USA, our independent registered public accounting firm, who is also on the line today. The meeting will officially come to order. I will act as the chair of the meeting, and Mr. Lehman will act as secretary. This meeting is being recorded, and the recording will be available on our corporate website through July 4th, 2026.
We will proceed with the opening of the polls and the formal business of the meeting as set forth in your notice of annual meeting and proxy statement. The time is now 8:02 A.M. on Thursday, June the 4th, 2026, and the polls are now open for voting on all matters to be presented. The polls will be closed to voting after we go through the matters to be voted on. Stockholders may submit questions that are germane to the proposals and/or this meeting online in the Ask a Question box at the bottom of the left side of your screen by selecting a question topic, typing the question into the text box, and clicking the submit icon below the text box. Mr. Sung will read germane questions out loud before he, Mr. Lehman, or I respond.
Please submit your questions now to make sure they are received in a timely fashion for our review and response. Will the secretary please report at this time with respect to the mailing of the notice of Internet availability of proxy materials and the stockholders list?
Mr. Chairman, I have at this meeting a complete list of the stockholders of record of our common stock on April 7th, 2026, the record date for this meeting, which shows that 42,237,203 shares of common stock are entitled to vote at this meeting. The stockholder list will be filed with the minutes of this meeting. I also have an affidavit from Broadridge Financial Solutions certifying that on April 22nd, 2026, a notice of Internet availability of proxy materials was deposited in the U.S. mail to stockholders of record at the close of business on April 7th, 2026. This affidavit, together with copies of the proxy statement and proxy card, will be filed with the minutes of this meeting. At this time, I will pass to Mr. French to appoint the Inspector of Elections.
I'd like to introduce Angela Kellems of American Election Services, who is present virtually. I am appointing Ms. Kellems to act as Inspector of Elections at this meeting. Ms. Kellems has taken and subscribed the customary oath of office to execute her duties with strict impartiality. We will file this oath with the records of this meeting. Her function is to decide upon the qualifications of voters, accept their votes, and when balloting on all matters is completed, to tally the final votes. Will the secretary please report at this time with respect to the existence of a quorum?
I've been informed by the Inspector of Elections that proxies have been received for 32,645,270 of the 42,237,203 shares of common stock outstanding on the record date, which represents approximately 77% of the total number of outstanding shares. This constitutes a quorum for the meeting today, and we may now carry out the official business of the meeting. We'll now proceed with the formal business of this meeting. There are three proposals to be considered by the stockholders at this meeting. For each of the proposals to be voted upon at this meeting, each holder of our common stock is entitled to one vote for each share of common stock. If you have already submitted your vote by proxy and do not wish to change your vote, you do not need to vote now, and your shares will be voted as previously instructed.
If you would like to vote and have not already done so or would like to change your vote, you must submit your vote online now in order for it to be counted. The polls will be closed to voting after we go through the matters to be voted upon. We will not accept ballots, proxies, revocations, or changes after the closing of the polls. I will now review the three proposals. After all the proposals have been described, we will answer appropriate questions submitted online related to the proposals. The first item of business is the election of three Class III directors to serve until the 2029 annual meeting of stockholders and until their successors are duly elected and qualified. The nominees for Class III directors are Thomas W. Burns, Georgia Garinois-Melenikiotou, and Dana G.
Mead, Jr. The second item of business today is the ratification of the audit committee's selection of BDO USA as the independent registered public accounting firm of the company for the fiscal year ended December 31, 2026. The third item of business today is to conduct a non-binding advisory vote to approve our executive compensation. The stockholders have been asked to vote on an advisory basis on the following resolution. Resolved, that the stockholders of the company approve, on a non-binding advisory basis, the company's executive compensation as disclosed pursuant to Item 402 of Regulation S-K, including the compensation tables and the narrative discussions that accompany the compensation tables. As that was the final proposal for today's meeting, we'll now review if there are any questions about the aforementioned proposals before we close the polls.
As a reminder, we will only review and answer appropriate questions that pertain to the aforementioned proposals for this meeting. It appears that we have no questions that are related to the proposals for this meeting. I will now describe the voting procedures. Voting is by proxy and through the virtual meeting web portal. You do not need to vote during this virtual meeting if you have already submitted your signed proxy. If there is anyone attending, whether or not you already submitted a proxy, who wants to vote at this virtual meeting, please do so now by clicking on the voting button on the web portal and follow the instructions there. If you have not voted and intend to vote, or if you want to change your vote, please do so online now, as the polls will close momentarily.
The time is now 8:08 A.M., and the polls are now closed for voting. May we have the results of the voting? The report of the Inspector of Elections covering the proposals presented at this meeting is as follows. The proposal to elect Thomas W. Burns, Georgia Garinois-Melenikiotou, and Dana G. Mead, Jr. as Class III members of the board is carried. The selection of BDO USA as the company's independent registered public accounting firm for the fiscal year ended December 31, 2026, is ratified. The resolution concerning the non-binding advisory vote on the company's executive compensation, as described in the proxy statement for the 2026 annual meeting of stockholders, is approved.
We expect to report our preliminary voting results, or, if available to us on a timely basis, our final voting results on a current report on Form 8-K to be filed with the SEC within four business days after the end of this meeting. If not earlier reported, we expect to report our final voting results in an amendment to our Form 8-K within four business days after the final results are known to us. We also expect to file the Inspector of Elections certificate with the minutes of this meeting. This concludes today's meeting. Thank you all for attending and for your continued support of Pulmonx. Our 2026 annual meeting of stockholders is now closed. Goodbye.
This concludes today's meeting. You may now disconnect.