Good morning. I want to welcome everyone, including members of our board and management of the company, to Navan's 2026 annual stockholders meeting, our first annual meeting as a public company. My name is Ariel Cohen, and I'm the CEO and Chairperson of the Board of Navan, and I'll be acting as the chairperson for today's meeting. It's approximately 11:30 A.M. Eastern Time on Thursday, June 25. The meeting will now officially come to order. The polls are now open for voting on all matters to be presented. This time, I would like to introduce our General Counsel and Corporate Secretary, Howard Baik. Howard will act as the secretary of the meeting. I will now turn the time over to him for the formal business of the meeting.
Thank you, Ariel. Also joining us is Christina Perino, who, on behalf of Broadridge Financial Solutions, has been appointed the Inspector of Election of this meeting and has signed and filed her oath of Inspector of Election prior to this meeting. We also have PricewaterhouseCoopers LLP, our independent registered public accounting firm, and Cooley LLP in attendance virtually as well. This meeting is being recorded and will be available shortly after this meeting at www.virtualshareholdermeeting.com/navn2026. We'll take questions related to the proposals after all the proposals have been presented, after which we will announce the preliminary results of the voting. As Ariel mentioned, the polls are open for voting on all matters to be presented. Each share of Class A common stock is entitled to one vote. Each share of Class B common stock is entitled to 30 votes per share.
After I describe each item to be voted on, we will close the polls. We will not accept ballots, proxies, revocations, or changes after the closing of the polls. If you have already submitted your vote by proxy and do not wish to change your vote, you do not need to vote now. Your shares will be voted as previously instructed. If you intend to vote and have not already done so, you must submit your vote online now in order for it to be counted. If you have not voted, I encourage you to vote online now. The rules of conduct for this meeting have been provided on the virtual meeting website. In order to conduct an orderly meeting, we ask that you follow these rules.
I have an affidavit certifying that notice of this annual meeting of stockholders of the company was duly given to all stockholders of record at the close of business on April 30, 2026. A copy of the notice and affidavit will be filed with the records of the meeting. I have been informed by the Inspector of Election that proxies have been received for shares representing 587,729,485 shares out of the 696,388,753 votes represented by the shares of Class A and Class B common stock outstanding on the record date. These votes represent approximately 84% of the aggregate voting power of the shares outstanding on the record date. This constitutes a quorum for the meeting today. We will now proceed with the formal business of this meeting.
After all the proposals have been described, we will answer any questions related to the proposals submitted online. As a reminder, we ask that any comments or questions pertain only to these proposals. Please submit any questions as soon as possible for our review. There are two proposals to be considered by the stockholders at this meeting. First is the election of three Class I directors to serve until the 2029 annual meeting and until their successors are duly elected and qualified. The nominees for Class I director are Ariel Cohen, Ben Horowitz, and Michael Kourey. Second is the ratification of the appointment by the audit committee of the board of directors of PwC as the independent registered public accounting firm of the company for the fiscal year ending January 31st 2027. Those are the proposals for today's meeting.
We will now review if there are any questions submitted about the proposals or addressed to the auditors before we close the polls. As a reminder, we will only review and answer questions that pertain to the proposals. There are no questions. The time is 11:34 A.M. Eastern Time. The polls are now closed for voting. We have been informed by the Inspector of Election that based on the preliminary vote reports and subject to final adjustments for any votes made during the meeting, Ariel Cohen, Ben Horowitz, and Michael Kourey have been elected as Class I directors of the company, and the proposal to ratify PwC as the company's independent registered public accounting firm for the fiscal year ending January 31st 2027 has been approved.
The Inspector of Election will conduct a final count of all votes. We will announce final results on a current report on Form 8-K to be filed with the SEC within four business days after the end of this meeting. This concludes the formal portion of today's meeting. I'll turn the time back over to Ariel.
Thank you, Howard. There is no further business to come before us this morning. I declare this meeting adjourned. I want to thank you all for attending Navan's first annual meeting this.