Welcome to the annual meeting for Movado Group, Inc. Our host for today's call is Efraim Grinberg, CEO and Chair of the Board. I will now turn the call over to your host. Mr. Grinberg, you may begin.
Thank you. Good morning, and welcome to the Movado Group 2026 Annual Shareholders' Meeting. As explained in our proxy statement, based on the positive experiences of recent years, and to allow all of our shareholders, regardless of their physical location, to participate more easily in the meeting, the annual meeting, once again, will be held entirely online. I am Efraim Grinberg, CEO and Chair of the Board, and chair of today's meeting, which I now call to order. We will first dispense with the formal requirements for the meeting and then answer any questions you may have. If you have any questions, please submit them now or at any time during the meeting by entering them into the text box on the meeting website and clicking submit.
Questions that pertain to the specific matters to be voted on at this meeting will be addressed during the formal portion of the meeting, and general questions will be addressed in the Q&A session following the meeting. Our corporate secretary, Mitch Sussis, will read your questions aloud at the appropriate time during these proceedings. Notice of this meeting was properly given on May 6, 2026, to all shareholders of record at the close of business on April 24, 2026, as confirmed by Broadridge Financial Solutions, the proxy solicitor for today's meeting. John Merva is present at this meeting and will act as the inspector of elections. He has duly executed an oath of office, which will be attached as an exhibit to the minutes of this meeting. Mr. Merva, would you please report on the total number of shares represented and entitled to vote at this meeting?
Mr. Chairman, as of the record date, April 24th, 2026, there were outstanding 15,771,631 shares of common stock and 6,455,602 shares of the company's Class A common stock, possessing a combining total number of votes equal to 80,327,651. At this meeting, there are present in-person or represented by proxy, shareholders holding shares possessing a total of 75,508,098 votes. This total represents a majority of the total voting power of all shares issued, outstanding, and entitled to vote, and is sufficient for a quorum and for transacting the business of this meeting.
A certified report of the Inspector of Elections will be attached as an exhibit to the minutes of this meeting, and a certified list of shareholders entitled to vote at this meeting has been made available on the meeting website. To view the shareholders list, click the Registered Shareholder List button at the bottom of the materials panel. As stated in the notice of the meeting and proxy statement, the following three proposals will be considered and acted upon today. First, the election of eight persons as directors of the company. Second, the ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent accountants for fiscal 2027. Third, the adoption on an advisory basis of a resolution approving the compensation of the named executive officers as described in the proxy statement.
Regarding the first proposal, the following persons have been nominated for reelections as directors, Peter Bridgman, Alex Grinberg, Alan Howard, Richard Isserman, Ann Kirschner, Maya Peterson, Steve Sadoff, and myself, Efraim Grinberg. All of the nominees are in attendance at this meeting. It is now time to vote on the reelection of the eight nominees recommended by the board. The polls are now open for voting. If you have already submitted your vote in advance of this meeting, there's no need to vote at this meeting unless you wish to change your vote. If you have not already submitted your vote or wish to change your vote, you can do so now by following the instructions on the meeting website. The next order of business is the proposal to ratify the appointment of PricewaterhouseCoopers LLP as independent accountants of the company for its fiscal year ending January 31st, 2027.
If you have already submitted your vote, there is no need to vote again. If you have not already voted or wish to change your vote, please follow the instructions on the website. The final item is to approve on an advisory basis the compensation of the company's named executive officers as disclosed in the compensation discussion and analysis, the summary compensation table, and the related compensation tables, notes, and narrative in the proxy statement for today's meeting. If you have already submitted your vote, there is no need to vote again. If you have not already voted or wish to change your vote, please follow the instructions on the website. I now declare the polls closed. Mr. Merva, has the tabulation been completed?
Yes, Mr. Chairman. Based on a preliminary tabulation, I have determined that the eight nominees for election to the board of directors each received at least 67,862,733 votes, representing a plurality in voting power of the shares cast. Ratification of the appointment of PricewaterhouseCoopers as the company's independent registered public accounting firm for the year ending January 31st, 2027, has been approved by 75,249,766 votes, representing majority of votes represented at this meeting. The compensation of the company's named executive officers, as disclosed in the proxy statement, has been approved by 73,196,126 votes, representing a majority of the votes represented at this meeting.
Thank you. The report of the Inspector of Elections will be filed with the records of this meeting. A report on the Form 8-K will be filed with the Securities and Exchange Commission by next Tuesday, disclosing the precise final vote count. The formal portion of this meeting is now concluded. We will now entertain any questions that you may have. To submit a question, if you haven't already done so, please enter it in the text box on the website and then click submit. Mr. Sussis, have any questions been submitted on the meeting website?
No, Mr. Chairman, there have been no questions submitted.
There being no other business at this meeting, the meeting is now adjourned. Thank you all for attending.
This concludes today's meeting. Thank you for attending. You may now disconnect and have a wonderful rest of your day.