Hello. Welcome to the 2026 annual meeting of stockholders of National Healthcare Properties. I am Jie Chai, General Counsel and Secretary, and I'll be presiding over this virtual meeting. You will find the proxy statement, annual report, today's agenda, and also the rules of conduct available to you on the web portal. If you wish to ask a question following the conclusion of the meeting, you may do so in the dedicated field on the web portal. As stated in the rule of conduct, please limit your remarks to the proposals set forth in the proxy statement. Before turning to the formal items of business, I would like to introduce our board members who are present on behalf of the company. Michael Anderson, our CEO, Leslie Michelson, our Chairman, Scott Humphrey, Elizabeth Tuppeny, B.J. Penn, and Edward Weil.
As General Counsel, I will act as Secretary of the meeting. I have also been appointed to act as the Inspector of the election. Also in attendance, in attendance today are our external auditors, PwC. At this time, I'll call the meeting to order. As noted in the notice of annual meeting and proxy statement previously emailed to you, the record date for determining the stockholders entitled to vote at this meeting was the close of business on February 26, 2026. An affidavit of distribution has been delivered by Broadridge to show that notice of this meeting was given in a timely manner on March 31, 2026 to all stockholders of record as of the record date.
There are represented in person or by proxy 40,327,576 shares of common stock, or approximately 50.42% of all shares entitled to vote at this meeting. Based on this percentage, a quorum is present. This meeting is now duly convened for the purposes of transacting business properly before it. The first item of the meeting is the election of directors. The directors elected today will hold office until the 2027 annual meeting and until their successors are elected and qualify. The nominees are listed in the proxy statement and on the agenda. The board of directors recommend the following nominees for re-election: Michael Anderson, Leslie Michelson, Scott Humphrey, Elizabeth Tuppeny, B.J. Penn, and Edward Weil.
The second item of business today is the ratification of the appointment of PwC as the company's independent registered accounting firm for 2026. The third item today is the non-binding advisory resolution regarding the compensation of our named executive officers as described in the proxy statement. The board recommends the approval of this proposal. The fourth item of business today is the non-binding advisory resolution on the frequency of the non-binding advisory vote regarding compensation of named executive officers. The board recommends a frequency of one year. Because no other proposal is on the agenda to come before this meeting, we will move on to voting. If you have provided your proxy card, your shares will be voted accordingly. The polls are now closed. The polls are now open at 12:03 P.M. Eastern Time.
Any stockholder who hasn't voted or wishes to change their vote may do so by clicking on the voting link in the chat panel of the web portal and following the instructions there. Stockholders who have sent in proxies or voted via telephone or internet and do not want to change their vote do not need to take any further action right now. No ballots or proxies or revocation thereof or change thereto will be permitted after the polls are closed. Everyone has an opportunity to vote, I declare the polls now closed at 12:04 P.M. Eastern Time today at May 15, 2026, and ask that the Inspector collect and tabulate the ballots. The Inspector has informed us that the preliminary vote report shows that all director nominees have been duly elected. The appointment of PwC has been ratified.
The non-binding advisory resolution regarding the compensation of our executive officers has been approved. one year is the result of voting on the frequency of the non-binding advisory resolution regarding compensation of our named executive officers. We will be reporting the final vote results in a Form 8-K to be filed within four business days. That concludes all necessary voting at this meeting. Based on the passage of the proposal, I declare the meeting to be officially adjourned. This concludes the official portion of the annual meeting. Questions submitted today in the questions panel on the web portal will be addressed by our investor relations department. Our program for the day has concluded. Thank you for attending today's meeting and for your continuous support for the company.
This now concludes the meeting. Thank you for joining, and have a pleasant day.