Day, welcome to the Magnera Corporation annual meeting. Today's conference is being recorded. At this time, I'd like to turn the conference over to Mr. Curt Begle, Chief Executive Officer. Please go ahead.
Good morning. Thank you, operator, for the introduction. As the Chief Executive Officer of Magnera Corporation, I welcome you to Magnera's first annual meeting of shareholders for 2026. I now call the meeting to order. Shareholders may submit questions at any time during the meeting in the question area provided on the meeting website. We also permitted shareholders to submit questions in advance of the meeting. As referenced in our rules of conduct for this meeting, we will answer questions that relate to the business in general or to issues discussed in the annual meeting. Please refer to our proxy statement for more guidance on questions and the conduct of this meeting. Director nominees on the call today, including our Board Chair, Kevin Fogarty, as well as the following members of management: Jim Till, Chief Financial Officer, and Jill Urey, General Counsel and Corporate Secretary.
Victor Latessa is the judge of election for this meeting. On behalf of our independent accounting firm, Ernst & Young, John Federici and Dave Noonan are also participating. Now, Jill will report on the mailing of the notice of and satisfaction of quorum requirements and will review the three proposals we have before us today, as presented in our proxy statement.
Thank you, Curt. The board affects December 31st, 2025 as the record date for determining the shareholders entitled to vote at this meeting. Broadridge Financial Solutions Incorporated has confirmed by affidavit that the notice of the annual meeting was mailed to those shareholders of record beginning on January 14th, 2026. 83.8% of Magnera's total shares on the record date is represented at this meeting in person or by proxy, a quorum is therefore present. The meeting is now declared open for official business. The polls for voting on all matters are open. All shareholders entitled to vote at this meeting have the ability to do so during the meeting.
If you are a shareholder and have not yet voted or if you want to change your previously cast vote, you may do so via the website used to access this meeting. You will need the 16-digit control number you received with the company's proxy materials in order to vote. If you have already voted by proxy, it is not necessary to vote again. After all proposals have been read, we will close the polls. We have three proposals before us today as presented in the proxy statement. The first proposal is to elect nine directors for terms expiring at our 2027 annual meeting of shareholders and until their respective successors have been duly elected and qualified. The director nominees currently serve on our board and include Curtis Begle, Bruce Brown, Michael Curless, Thomas Fahnemann, Kevin Fogarty, Mary Hall, Samantha Marnick, Rick Richardson, and Thomas Salmon.
We take this opportunity to thank these directors for their service to the company. The second proposal is to ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the 2026 fiscal year. The third proposal is to approve the company's named executive officer compensation for fiscal year 2025. The third proposal is an advisory vote and not binding on the company's board of directors. However, the board will consider the results of this vote when determining future executive compensation arrangements. The board of directors recommends a vote for election of each of the nine director nominees and for proposals two and three. Curt.
Thank you, Jill. The polls are about to close, so if you've not yet voted, please do so now. Since all shareholders have had the opportunity to vote, the polls are now closed. Jill will announce the results of the voting from the Judge of Election's preliminary report.
Each of the nine directors nominated by the board has received a majority of the votes cast and is elected to serve until the 2027 annual shareholder meeting. The appointment of Ernst & Young LLP for fiscal year 2026 has been ratified, and the compensation of the company's named executive officers for fiscal year 2025 has been approved. This concludes the reporting of the preliminary voting results. The final voting results will be filed with the Securities and Exchange Commission. Curt.
There being no further business to properly come before the meeting, Magnera's 2026 annual shareholder meeting is concluded. At this time, we will pause briefly to allow shareholders to complete submission of their questions. We will now answer relevant questions that have been submitted either before or during the meeting and which conform to the rules of conduct for the meeting.
Curt, there are no, questions for this meeting.
Okay. Thank you, Jill. If we're unable to address your question today or you would like to engage with the company on other issues, please reach out to Investor Relations. The contact information for Investor Relations is available on our website at magnera.com. This concludes our 2026 annual meeting. I would like to thank everyone for participating today and for your continued support of Magnera.
This concludes today's call. Thank you.