Stockholders of Mule Water Products Inc. Please note that today's meeting is being recorded. During the meeting, we'll have a question and answer session. You can submit questions or comments at any time by clicking on the q and a icon. It is now my pleasure to turn today's meeting over to Mr.
Van Arstel, Chair of the Board of Mueller Water Products. Mr. Van Arstel, floor is yours.
Thank you, operator. Good morning to all in attendance, and welcome to the Mueller Water Products twenty twenty five Annual Meeting of Stockholders. I'm Steve Van Arstell, Chair of the Board of Mueller, and I am pleased to be speaking on behalf of the Board. I now call this meeting to order. At this time, I'm pleased to introduce the members of our Board who have joined us for this meeting.
They are Marty Zakas, who is also our Chief Executive Officer Shirley Franklin, Christian Garcia, Thomas Hansen, Brian Healy, Christine Ortiz, Jeff Scheritz, Brian Slobodeau, Lydia Thomas, and Nick Yedidall. I'm also very pleased to introduce nominees for election to the Board at this meeting, Ventina Chisholm Terry and Leland Weaver. Additionally present are some of our officers whom I will introduce now: Paul McAndrew, our President and Chief Operating Officer Steve Heinrichs, Executive Vice President, Chief Financial Officer and Chief Legal and Compliance Officer and Jason Carroll, Senior Vice President, General Counsel and Corporate Secretary. Finally, I'm pleased to introduce Brian Pindley of Ernst and Young. Our Audit Committee has engaged Ernst and Young as our independent registered public accounting firm for fiscal twenty twenty five.
I will now outline the process for today's meeting, which will begin the formal business portion of our meeting. This consists of the election of the directors named in the proxy, the advisory resolution to approve executive compensation, and the approval to amend and restate our 2,006 employee stock purchase plan, the approval to amend and restate our 2,006 stock incentive plan, and the ratification of the appointment of our independent auditors. Mr. Carroll will serve as the secretary of the meeting, and a representative of CompuShares is serving as our inspector of elections. After we complete the voting portion of the meeting, we will open the floor to general questions and may answer those questions submitted by stockholders both in advance of this meeting and during the course of this meeting.
Stockholders who have logged into the web portal for the meeting using their control number may submit their questions through that portal. Please refer to the rules of conduct posted on the web portal for procedures related to the meeting and the question and answer session. Please also remember that this meeting is being recorded. A playback will be available within twenty four hours after the meeting concludes. Also, no one attending the meeting via webcast or telephone is permitted to use any devices to record the meeting.
With those comments, I will now move to the formal business of the meeting. As of 12/09/2024, the record date for the meeting, there were approximately 156,000,000 shares of the company's common stock entitled to vote. The inspector of elections has reported that holders of at least 86 of the outstanding shares of common stock are represented here today. We have a quorum, and therefore, the meeting is duly convened. Mr.
Carroll has submitted an affidavit as to the mailing of the notice of this meeting, the form of proxy, the proxy statement and the annual report. A list of all stockholders of record entitled to vote at this meeting has been available at the company's offices for at least the last ten days and is available on the web portal for inspection by stockholders at any time during this meeting. We will announce the preliminary number of votes in our totals. The final vote count will be certified after the meeting and reported as required by the US Securities and Exchange Commission. We are considering five proposals today, all of which are described in detail in the proxy statement previously provided to stockholders.
They are the election of directors, an advisory vote on the compensation of our named executive officers, an amendment and restatement of the 2,006 employee stock purchase plan, the ratification of the appointment of Ernst and Young as our independent registered public accounting firm for fiscal twenty twenty five. Accordingly, I declare the polls open. At this time, any stockholders who are logged into the meeting using their control number and who have not already voted and would like to vote today can do so electronically by clicking the vote icon on your screen. If you have already voted and do not want to change your vote, you need to take no further action. Mr.
Carroll, please proceed with the proposals.
Thank you, Mr. Ben Aristel. First, we will turn to the election of nine directors to serve until the annual meeting stockholders in 02/1926. Information about each director is included in the proxy statement along with the board's recommendation for the election of the nine directors. The next item of business is the advisory vote on the compensation of our named executive officers.
The proxy statement includes disclosure of the compensation of each named executive officer along with the board's recommendation that stockholders approve such compensation. The next item of business is the proposal to amend and restate the company's 2,006 employee stock purchase plan. The proxy does include a summary of the proposed amendments and a copy of the plan along with the board's recommendation that stockholders approve the amended and restated plan. The next item of business is the proposal to amend and restate the company's 2,006 stock incentive plan. The proxy statement includes a summary of the proposed amendments and a copy of the plan, along with the Board's recommendation that stockholders approve the amended and restated plan.
The final item of business is consideration of a proposal to ratify the appointment of Ernst and Young as the company's independent registered public accounting firm for the fiscal year ending 09/30/2025. The Board recommends a vote for the proposal. Now turn the meeting back to Mr. Ed Arcel.
Thank you, Jason. Thank you very much. Alright. If you have not already voted, you can do so now following the instructions on your screen. I'm going to pause for a moment so that anyone voting can complete their ballots.
Thank you all very much. I will now declare that the polls are closed. We will now report on the preliminary results of the balloting. Jason, do you have that?
Yes, sir. I do. The inspector reports on a preliminary basis that approximately 93 of the votes cast have been voted for the election of each of the nine nominated directors. Approximately 93% of the votes cast have been voted for the proposal to approve the compensation of the company's named executive officers. Approximately 99% of the votes cast have been voted for the amendment and restatement of the 2,006 employee stock purchase plan.
Approximately 97% of the votes cast have been voted for the amendment and restatement of the 2,006 stock incentive plan. And finally, approximately 97% of the votes cast have been voted for the ratification of the appointment of Ernst and Young as the company's independent registered public accounting firm for the 2025 fiscal year. Final voting results will be verified and tabulated by our Inspector of Elections and will be reported in a Form eight ks filed with the US Securities and Exchange Commission. This concludes the report. Mr.
Van Arsdell.
Jason, thank you very much. I declare the preliminary report of the inspector of elections is approved. Based on these results, I am pleased to report that the nominees for director have been duly elected. The compensation of the company's named executive officers has been approved on an advisory basis. The amendments to the 2,006 employee stock purchase plan have been approved.
The amendments to the 2,006 stock incentive plan have been approved, and the appointment of Ernst and Young for fiscal year 2025 has been ratified. Directors, congratulations on your election. To those directors whose service concluded this year, on behalf of the company, the board and the stockholders, I want to express our gratitude for your service. To the stockholders, we look forward to working together toward Mueller's continued success. Your support and confidence in Mueller are greatly appreciated.
This concludes the business of the annual meeting, which is hereby concluded. Mister Carroll, are there any other matters that have come before us?
Mister Van Arsdale, no. We have received no questions during the meeting or prior to the meeting. So I think this concludes the annual meeting.
If I may then, I will call that meeting to adjournment, and thank you all for your participation. Take care.
Concludes the meeting. You may now disconnect.