Thank you for standing by, and welcome to The Marcus Corporation Annual Meeting. I will now turn the call over to Mr. Greg Marcus, Chairman, President, and Chief Executive Officer of Marcus Corporation. Please go ahead.
Good morning. I'm Greg Marcus, Chairman, President, and Chief Executive Officer of Marcus Corporation. Welcome to today's virtual annual shareholders meeting. Like in years past, you'll be listening and viewing today's meeting from your screen. Registered shareholders who logged in with their control number and have not yet voted will be able to cast their vote. Shareholders who are logged in are also able to ask questions at the end of the presentation. Below the slides on the meeting page, you will see fields for submitting questions and voting. If you've not already voted your shares, you have the option to do so using the Vote Here button located in the middle of the virtual meeting screen. Shareholders who've already voted do not need to cast votes today unless they wish to revoke or change their vote.
Please note that the polls will close in several minutes, so we urge you to vote your shares now. For those registered shareholders who would like to submit questions for the Q&A session, please select the question topic and enter your question in the text box. Remember to press Submit. Shareholders can submit one question and one follow-up question during the meeting. With that, let's get the meeting started. I'd like to begin by reminding you of our corporate leadership team. They are Tom Kissinger, Senior Executive Vice President, General Counsel, and Secretary, who will be joining me on today's call. Chad Paris, Chief Financial Officer and Treasurer. Chad will be joining us for the Q&A session. Jeff Tomachek, President of Marcus Theatres. Jeff was recently promoted to this role effective May 1st.
He's been with the company for nearly three decades, most recently serving as Chief Financial Officer of the division. His financial acumen, operational expertise, strategic mindset, and long history with our company set him apart as the best candidate during our nationwide search. Jeff succeeds Mark Gramz, who retired after 55 distinguished years. Michael Evans, President of Marcus Hotels & Resorts. Kim Lueck, Chief Information Officer. Steve Martin, Chief Human Resources Officer. The newest member to our executive management team is Steve Bartelt, Senior Vice President of Legal Affairs, Real Estate, and Governmental Relations, and Assistant Secretary. Steve has been with the company for over 25 years, and m yself. Our strong leadership team continues to be one of our company's greatest strengths. They have a key role in managing our operations and developing our future strategies to ensure our success for years to come.
With that, let's begin the business meeting. Voting has now concluded. We'll now call on Tom Kissinger to report on the mailing of meeting notices, the presence of a quorum, and other necessary legalities.
Thank you, Mr. Chairman. Notice of this meeting, together with a proxy statement, proxy card, and annual report, were mailed on April 7th, 2026, to all holders of record of our common and Class B common shares as of March 24th, 2026. Based on proxies received prior to the meeting, a quorum is present for all purposes at this meeting and is represented by 81.43% of the common shares and 99.85% of the Class B common shares, for a combined total of 95.17% of all eligible votes. Before we move ahead, Greg, I'd like to also remind our shareholders and guests that we may be talking about our plans and expectations for the future. The Securities and Exchange Commission defines these plans as forward-looking statements.
That means I'm obligated to inform you that our actual results may differ materially from those projected and that additional information about our plans, as well as factors, risks, and uncertainties which may impact our expectations, future results of operations, or financial condition are included in the Risk Factors section of our 10-K and 10-Q filings. Greg, with that out of the way, I'll turn it back to you.
Thank you, Tom. We have three items on the agenda today. The first is the election of our board of directors. I'd like to introduce the board nominees to you now. The nominees are Diane Marcus Gershowitz, an Investor and Real Estate Manager who is also my aunt. Tim Hoeksema, retired Chairman, President, and CEO of Midwest Air Group, Inc. Bud Selig, Commissioner Emeritus of Major League Baseball. Bruce Olson, retired Senior Vice President of Marcus Corporation and retired President of Marcus Theatres. Philip Milstein, Principal of Ogden CAP Properties, LLC in New York City. Phil is our Lead Independent Director. Brian Stark, former Founding Principal, Chief Executive Officer, and Chief Investment Officer of Stark Investments in Milwaukee. Katherine Gehl, former Chairman, President, and CEO of Gehl Foods, Inc. Austin Ramirez, Chief Executive Officer of Husco. Tom Kissinger, our Senior Executive Vice President, General Counsel, and Secretary.
There are also two new members to our board since our last meeting. Paul Leff, Founder of Warbasse67, a family office opportunity fund. He is also a former Co-Founder, Managing Director, and Chief Investment Officer of Perry Capital, a New York City-based hedge fund firm. He joined the board in August 2025. My brother, David Marcus, joined the board last November. David is the Chief Executive Officer of Marcus Investments, LLC, a private investment firm specializing in restaurant hospitality, real estate venture, and retail. He also serves as the Chairman of the Marcus Corporation Foundation. I'm the final nominee for re-election today. Our board is committed to representing you, our shareholders, through high standards and good corporate governance. As part of these high standards, our audit, compensation, and corporate governance and nominating committees are comprised entirely of outside directors.
I want to thank our board for the valuable counsel they provide throughout the year and for their support in the years ahead. That completes the first item on the agenda. Second item on the agenda is to approve by advisory vote the compensation of our named executive officers as disclosed in the proxy statement for this meeting. Our executive compensation program is designed to foster an ownership mentality and entrepreneurial spirit in our management team. This is an advisory vote that will not be binding on our board. The Compensation Committee will consider the outcome of the vote when evaluating the effectiveness of our compensation program and when making future compensation decisions for our named executive officers. The final item on the agenda is to ratify the selection of Deloitte & Touche LLP as our independent registered public accounting firm for fiscal 2026.
Will now ask the secretary to announce the results of the voting on these items.
Mr. Chairman, regarding the election of the board of directors, based on the proxies delivered by the company's shareholders, prior to the meeting, each director on the nominated slate received no less than 75,736,437 votes. That means that at least 87.87% of the votes cast were voted in favor of the re-election of each of the directors and that the entire slate of directors has been elected to serve until the next annual meeting. On the advisory vote to approve the compensation of our named executive officers, 99.03% of the votes cast were voted in favor of the executive compensation program. On the ratification of the selection of Deloitte & Touche LLP as our independent registered public accounting firm for fiscal 2026, 99.88% of the votes cast were voted in favor of the ratification.
Thank you, Tom. That concludes the business portion of today's meeting. We'll jump right into the Q&A. As a reminder, to submit your questions for the Q&A session, please select the question topic and enter your question in the text box. Remember to press submit. We'll wait a few minutes to assemble the questions, then Tom will read them for everyone to hear.
Well, Mr. Chairman, it appears that there are no further questions.
Thank you, Mr. Secretary. Before we close, those of you who have attended our meetings in the past know we offer our shareholders a special thank you gift. We are continuing that tradition today with a $25 gift card for shareholders. You can use this gift card at any of our movie theaters, hotels, or restaurants. To request the gift card, please email investorrelations@marcuscorp.com and provide your name and address. You can see the email address on the slide. That completes today's annual meeting. Thank you again for joining us and for your support. We look forward to seeing you at our theaters, hotels, or restaurants very soon.
This concludes today's meeting. You may now disconnect.