Welcome to the annual meeting of stockholders for Monster Beverage Corporation. Our host for today's call is Paul Dechary, Executive Vice President and General Counsel of Monster Energy Company. I will now turn the call over to your host. Mr. Dechary, you may begin.
Thank you. Good morning, everyone, and thank you for joining us today. I'm Paul Dechary, Executive Vice President and General Counsel of Monster Energy Company. Before we begin, please take note of our cautionary statement posted on the meeting site. The virtual meeting today will include forward-looking statements within the meaning of the US Federal securities laws and are based on currently available information. Management cautions that these statements are based on current knowledge and expectations and are subject to certain risks and uncertainties, many of which are outside the control of the company, that may cause actual results to differ materially from forward-looking statements made during the meeting, the virtual meeting.
Please refer to our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2025, and our subsequently filed quarterly report, including the sections contained therein, entitled Risk Factors and Forward-Looking Statements for discussion on specific risks and uncertainties that may affect our performance. The company assumes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise. I will be turning the proceedings over to Mr. Rodney Sacks, Chairman of the Board of Directors, and Mr. Hilton Schlosberg, Chief Executive Officer and Vice Chairman of the Board of Directors. First wanted to discuss the format of today's virtual meeting. We've designed this virtual meeting to provide stockholders with the same rights and opportunities to participate as they normally would have at an in-person meeting.
We will first address the three items of business detailed in the company's proxy statement. After the three proposals have been presented, we will then conduct a question and answer session specifically related to the proposals. Please note that we will not provide a business update as we've done in the past as we released and discussed the company's first quarter results in detail last week. Stockholders attending the virtual meeting can vote their shares online through the closing of the polls by logging into the meeting website as a stockholder and clicking the Vote Here button on the screen. If you have previously voted by proxy and do not wish to change your vote, your vote will be cast as you previously instructed and no further action is required.
If you have logged into the meeting website, you may submit questions by typing them into the text box on your screen. If asking a question, please include your name and affiliation to the company. To ensure that we receive your questions before the Q&A session has closed, we encourage you to submit your questions early. Please note that we may not be able to answer every question during the meeting due to time constraints. Please also note that today's meeting is being recorded. Finally, as with prior years, the meeting agenda and the rules of conduct are also available on the meeting website. If you haven't already, we ask that you review these documents and thank you in advance for your cooperation. Now, it is my pleasure to hand the meeting over to Mr. Sacks and Mr. Schlosberg.
Thank you. Good morning, ladies and gentlemen. My name is Rodney Sacks, and I'm Chairman of the Board of Directors of Monster Beverage Corporation. It is our great pleasure to welcome you to this annual meeting of the stockholders of Monster Beverage Corporation. Also joining Mr. Schlosberg and myself for the virtual meeting today are all of the other Directors of the company, Ana Demel, James Dinkins, William Douglas, Mark Hall, Tiffany Hall, Jeanne Jackson, Steven G. Pizula, and Mark Vidergauz. Thomas Kelly, Chief Financial Officer, and Paul Dechary, Executive Vice President and General Counsel of Monster Energy Company, are on the webcast as well. Mr. Dechary will act as secretary of this meeting. Also on this webcast are representatives of Ernst & Young LLP, the company's independent registered public accounting firm.
Although Ernst & Young LLP has indicated that it does not wish to make a statement, its representatives are available to respond to appropriate questions from stockholders of the company during the question and answer period. The purpose of this meeting is to consider and act upon proposals to, one, elect 10 directors to the board of directors of the company. Two, ratify the appointment of Ernst & Young LLP as independent registered public accounting firm of the company for the year ending December 31, 2026. Three, approve on a non-binding advisory basis the compensation of the company's named executive officers. Mr. Dechary will now report on the proof of the due calling of this meeting.
Thank you. I have a copy of the notice of annual meeting of stockholders dated March 27, 2026, setting forth the time, place, and purpose of this meeting. I also have an affidavit of an employee of Broadridge Financial Solutions showing that on March 27, 2026, Broadridge caused to be mailed a copy of the notice of Internet availability of proxy materials to each stockholder of record of the company on the record date. In addition, I have a complete list compiled by Equiniti Trust Company, LLC, the company's transfer agent of the stockholders of the company as of the close of business on the record date, March 23, 2026.
Thank you. A copy of the notice of annual meeting of stockholders and affidavit of mailing will be placed with the records of the company as part of the minutes of the meeting. The list of stockholders will also be filed with the records of the company. Thomas Kelly has been appointed as Inspector of Election with respect to the conduct of the voting at this meeting. He has executed his oath of office and given the oath to me. The oath will be filed with the minutes of the meeting. Mr. Kelly has informed me that a quorum is present. I declare the meeting duly and lawfully convened and the polls are therefore now open. We will close the polls after the proposals have been presented. The next item on the meeting's agenda is proposal one, the election of directors.
The nominees, as set forth in the proxy statement are Ana Demel, James Dinkins, William Douglas, Mark Hall, Tiffany Hall, Jeanne Jackson, Steven G. Pizula, Hilton Schlosberg, and Mark Vidergauz, and myself. Certain information regarding the nominees can be found in the proxy statement. Board of Directors of the company recommends a vote for each of the nominees. The second item is proposal two, the ratification of the selection of Ernst & Young LLP as independent registered public accounting firm of the company for the fiscal year ending December 31, 2026. The Board of Directors recommends a vote for ratification of the selection of Ernst & Young LLP as independent registered public accounting firm of the company for the fiscal year ending December 31, 2026. The third item is proposal three, approval on a non-binding advisory basis of the compensation of the company's named executive officers.
The board of directors recommends a vote for, on a non-binding advisory basis, the compensation of the company's named executive officers described in the compensation discussion and analysis, the summary compensation table, and the related compensation tables and narrative in the proxy statement for the company's 2026 annual meeting of stockholders. We will now turn to the question and answer session for questions related to the three proposals we have just reviewed. If any stockholder has a question on the three proposals for me or a member of the board or the company's independent registered public accounting firm, we would be happy to try and answer them at this time. Mr. Dechary, can you please present the first question?
Thank you, Mr. Chairman. At this time, I don't see any questions pertaining to the three proxy proposals.
Thank you. All right. That will conclude the question and answer session for the items you have been asked to vote on at today's meeting. For those stockholders who have not yet voted, we are preparing to close the polls, and we'll wait only a few more moments to cast your vote using the Vote Here button on the virtual meeting website. If you have previously voted, you don't need to take any further action. Right now, we'll briefly pause to allow for any final votes. Now that everyone has had the opportunity to vote, I declare the polls closed. I've received the preliminary voting results from the Inspector of Election. Please note the following vote is preliminary. If you vote today, your vote will be tallied and included in our final vote results, which will be reported on a Form 8-K within four business days.
The preliminary voting results show that with respect to proposal one, the election of directors, all of the director nominees have been duly elected to serve until the 2027 annual meeting. With respect to proposal two, the selection of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026, has been ratified by the affirmative vote of approximately 100% of the votes cast. With respect to proposal , a non-binding advisory vote on the compensation of the company's named executive officers has been approved on an at advisory basis by the affirmative vote of approximately 95% of the votes cast. I hereby request that the preliminary report of the Inspector of Election be filed with the minutes of this meeting.
We have now concluded those matters specified in the notice of annual meeting of stockholders. There being no further business to come before the meeting, I will entertain a motion to adjourn. Is there such a motion? I move that the meeting be adjourned. Thank you. The meeting is now adjourned. On behalf of Monster, I would like to thank everyone for attending our virtual annual meeting and for your continued interest in the company. We continue to believe in the company and our growth strategy and remain committed to continuing to innovate, develop, and differentiate our brands and expanding the company both at home and abroad. We believe that we are well-positioned in the beverage industry and continue to be optimistic about our total portfolio of beverages. We have a robust innovation pipeline for 2027 and beyond. Thank you very much for your attendance.
This now concludes the meeting. Thank you for joining, and have a pleasant day.