Thank you for standing by, Good afternoon to the Novanta Inc. annual meeting. I will now turn the call over to Matthijs Glastra. Please go ahead.
Good afternoon. I'm Matthijs Glastra, the Chair of the Board and Chief Executive Officer of Novanta Inc., and the chair of today's meeting. Welcome to the Novanta Inc. 2026 Annual Meeting of Shareholders. Before I call the meeting to order, I'd like to introduce to you the members of the board and the business team who are on the webcast with us today. Besides myself, the other members of the board here today are Lonny Carpenter, our Lead Independent Director, Matthew Farrell, R. Matt Johnson, Mary Katherine Ladone, Maxine Mauricio, Thomas N. Secor, Dr. Darlene Solomon, and Andy Wilson. Also with us today are Robert Buckley, our Chief Financial Officer, and Alexander Manganiello, our General Counsel and Corporate Secretary.
I also would like to introduce George Sommer of Deloitte & Touche LLP, the company's independent auditor, who will be available to respond to appropriate questions. I'd like to call the meeting to order. The polls are open for voting on all matters before the meeting. If you're a registered shareholder of record or a duly appointed proxy holder and wish to vote, the polls will be open, but remain open until we finish presenting the proposals and close the polls. You do not need to vote during the meeting if you've already voted and do not wish to change your vote. On the Novanta virtual shareholder meeting webpage, you will find the agenda and the rules of conduct for today's meeting. Please review the rules of conduct carefully.
Note that only registered or beneficial holders and duly appointed proxy holders who are logged on into this meeting using their 16-digit control number or appointee identification number, as applicable, will be able to ask questions on the portal at today's meeting. If you're a shareholder or a duly appointed proxy holder and have any matter that you would like to address regarding the formal business of the meeting, please submit your matter now in the Ask a Question box on the virtual shareholder meeting webpage. We will be happy to address your general questions or comments during the questions- and- answer session at the end of today's meeting. I received an affidavit of mailing from Broadridge Financial Solutions, Inc., stating that the notice of the meeting, the management proxy circular, and a form of proxy have been sent to each shareholder of the company.
The secretary of the meeting will keep a copy of the affidavit with the minutes of the meeting. A complete list of the holders of record of the company's outstanding shares on April 14th, 2026, the record date for the meeting, is available on the virtual shareholder meeting website for shareholders review. Only these holders of record or a duly appointed proxy holder will be able to vote at today's meeting. At this time, we'd like to introduce Ms. Alicia Mohammed of Broadridge Financial Solutions, Inc., who's been appointed by the board of directors to act as scrutineers at today's meeting. Ms. Mohammed's function is to decide upon the qualifications of voters, accept their votes, and to tally the final votes when balloting on all matters is completed. Robert, would you please read the preliminary scrutineer's report on the existence of a quorum?
Thank you, Matthijs. I've been informed by the scrutineer that 33,371,777 of the 35,610,633 common shares outstanding on the record date are present in person and represented by proxy, which represents approximately 93.7% of the total number of outstanding shares. This constitutes a quorum for the meeting today, and we may now carry on the official business of the meeting.
Thank you, Robert. I declare this meeting to be duly constituted for the transaction of business. Before we proceed with the three items to be considered by the shareholders, I would like to place before the meeting the audited consolidated financial statements of Novanta Inc. for the year ended December 31st, 2025, and Deloitte & Touche LLP's report on these consolidated financial statements, both of which have been previously sent to shareholders of the company and are also available on the investor relations page of the company's website.
Any questions regarding these statements may be asked at the end of the meeting. We will now proceed with the three items to be considered by the shareholders at this meeting. The first item of business today is the election of the directors of the company. The board of directors has nominated Lonny Carpenter, Matt Farrell, Matthijs Glastra, Matt Johnson, Mary Katherine Ladone, Maxine Mauricio, Thomas Secor, Dr. Darlene Solomon, and Andy Wilson to serve as directors for a term expiring on the date of the 2027 annual meeting of shareholders. As there are no further nominations, I declare the nominations closed. The second item of business today is the advisory vote on the company's executive compensation. The company's shareholders have been asked to approve the following resolution.
Resolved that the shareholders of Novanta Inc. approve, on an advisory basis, the compensation of our named executive officers as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including compensation discussion and analysis, compensation tables, and narrative discussions set forth in a management proxy circular. The third and final item of business today is the appointment of Deloitte & Touche LLP as the company's independent auditor to serve until the date of the 2027 annual meeting of shareholders. In light of the virtual nature of the meeting, we will proceed with the voting by electronic ballot. You do not need to vote if you have already sent in your signed proxy or voted on the internet or by telephone. Mr. Buckley's ballot will reflect the stated voting intentions of the shareholders who have named him and myself as their proxies.
As a reminder, only registered shareholders of record or duly appointed proxy holders are able to vote at today's meeting. If you are a registered shareholder of record or a duly appointed proxy holder and wish to vote or would like to change your vote, please do so now by clicking on the Vote Here button on the web portal and following the instructions online. Please remember that you must click the Submit button for your vote to be counted. The polls will close in 10 seconds. As a reminder, you do not need to vote electronically if you have already sent in your signed proxy or if you have voted by telephone or via the internet. The polls are now closed. I've received the preliminary report of the scrutineer.
Based on this preliminary report, one, Mr. Carpenter, Mr. Farrell, Mr. Glastra, Mr. Johnson, Ms. Ladone, Ms. Mauricio, Mr. Secor, Dr. Solomon, and Mr. Wilson have each been selected a director of the company. Two, the shareholders have approved on an advisory basis the compensation of the company's named executive officers. Three, the appointment of Deloitte & Touche LLP as the company's independent auditor has been approved. This concludes the formal portion of our meeting. This meeting is adjourned. We're now starting the Q&A section. I would be happy to take any questions you may have. Please submit your questions in the box entitled Ask a Question on the left portal. There are no questions at this time. That concludes our meeting. I want to thank you for attending today's meeting and for your interest in Novanta. This concludes today's meeting. You may now disconnect