Ladies and gentlemen, thank you for standing by, and welcome to the National Storage Affiliates Trust Annual Meeting Conference Call. At this time, all participants are in a listen only mode. I would now like to hand the conference over to your speaker today, Arlen Nordhagen, Chairman of the Board. Thank you. Please go ahead, sir.
Thank you, operator, and good morning, everyone. I'm Arlen Nordhagen, the Executive Chairman of the Board of National Storage Affiliates Trust and a candidate for reelection. I'd like to call the 2020 Annual Meeting of Shareholders to order and welcome all of you to the meeting, which we are holding virtually for the first time due to the public health impact of the coronavirus outbreak and in an effort to support the health and safety of our shareholders. Other of our trustees and trustee nominees are joining us today virtually are Paul Hilbert, our Lead Independent Trustee George Chapman, Chairman of our Compensation, Nominating and Corporate Governance Committee Chad Meisinger Stephen Osgood, Chairman of our Investment Committee Dominic Palazzo, Chairman of our Audit Committee Rebecca Steinfort, Mark VanMoric and J. Timothy Warren.
Also with me virtually are Tamara Fischer, our Chief Executive Officer and a candidate for reelection to our Board David Kramer, our Chief Operating Officer and Brandon Tagashi, our Chief Financial Officer. Also, Paul Mocco and Tony Circlione of KPMG LLP, the company's independent registered public accounting firm and Laura Cisneros with Broadridge Financial Solutions Inc, the Inspector of Election. Each of Ms. Fisher and Mr. Tadashi have been appointed as a proxy to vote the common shares of all shareholders of the company who have properly returned their proxy cards or who are voting electronically during this meeting.
Tiffany Kenyon, our Senior Legal Officer and Secretary is also present virtually and will serve as Secretary of the meeting. Before we begin the business of the meeting, I'd like to discuss certain mechanics of conducting this meeting. Shareholders have the opportunity to vote by proxy. Shareholders' proxies received in time to be voted at the meeting will be voted according to the shareholders' instructions, together with any votes cast electronically via live webcast by shareholders at this meeting. This meeting also offers shareholders an opportunity to ask questions about the company.
After the formal meeting is concluded, there will be an opportunity to submit questions. I'd also like to bring to your attention our customary Safe Harbor disclosure regarding forward looking statements. Today's meeting may include forward looking statements and projections, and we ask that you refer to our most recent filings with the SEC for important factors that could cause actual results to differ materially from these projections. We do not undertake to update our forward looking statements unless required by law. To obtain copies of our latest SEC filings, please visit our website at www.nationalstorageaffiliates.com or call us at 720-630-2600.
Before we consider the proposals, please note that the Board of Trustees fixed the close of business on March 31, 2020 as the record date for the purposes of this meeting, And we have copies of the notice of this meeting and proxy statement, the proxy card, the annual report to shareholders, which includes our Form 10 ks for the year ended December 31, 2019 and the business reply envelope in the form mailed to shareholders of record and an affidavit certifying the mailing or distribution of such proxy materials to all shareholders of record on April 13, 2020. Ms. Kenyon, please file the copies of the aforementioned documents with the minutes of this meeting. Any shareholder who wishes to vote electronically via live web cast or to revoke a previously granted proxy should click on the Vote Here button on the online portal and follow the instructions before the polls close. Any shareholder who has sent in a proxy or has previously voted via mail, telephone or the Internet and does not want to change their vote, does not need to take any further action.
We will now pause to allow shareholders to submit their votes. As of the record date, March 31, 2020, there were 68,027,212 of the company's common shares outstanding. I now request the inspector, Laura Cisneros, report as to the number of the company's common shares that are represented at the meeting in person via the live webcast or by proxy.
I submit to the meeting the report of the inspector, which indicates that there are present presented today in person via the live webcast or by proxy, the holders of at least 88% of the common shares outstanding, which constitutes more than a majority of the company's common shares entitled to vote at this meeting.
Great. I declare that a quorum is therefore present for the conduct of business. Accordingly, we can proceed with the formal portion of the meeting. I order that the report of the inspector be filed with the records of the company. The first matter for consideration is the election of trustees to serve on the company's Board of Trustees.
The Board of Trustees has nominated our 10 current trustees, Arlen D. Nordhagen, George L. Chapman, Tamara D. Fisher, Paul W. Hilbert, Jr, Chad L.
Meisinger, Stephen G. Osgood, Dominic M. Palazzo, Rebecca L. Steinford, Mark VanMoric and J. Timothy Warren for election until the Annual Meeting of Shareholders in 2021 or until a successor is elected and qualifies.
The second matter for consideration is the ratification of the selection of KPMG LLP to serve as the company's independent registered public accounting firm for the fiscal year ending December 31, 2020. The 3rd matter for consideration is the resolution to approve the executive compensation of the company's named executive officers as disclosed in the company's proxy statement. This proposal is a non binding shareholder advisory vote. The company's named executive officers' compensation is discussed in the proxy statement that was sent or made available to shareholders.
I move to elect the 10 nominees as trustees of the company to ratify the selection of KPMG LLP to serve as the company's independent registered public accounting firm for the fiscal year ending December 31, 2020, and to approve the executive compensation of the company's named executive officers as disclosed in the company's proxy statement.
I second that motion. If any shareholder would like to make a comment regarding any of the proposals, please submit your comment through the web portal. It has been moved and seconded that the nominees be elected. If any shareholders or proxies who intend to vote on the proposals have not done so, please vote by clicking the Vote Here button on the online portal and following the instructions. It appears that all votes have been cast.
I therefore declare the polls are now closed. According to the preliminary report of the Inspector of Election that was presented to me, 1, each of the trustee nominees has been elected 2, the selection of KPMG LLP has been ratified and 3, the resolution to approve on an advisory basis the executive compensation of the company's named executive officers as disclosed in the company's proxy statement, has received the affirmative vote of holders of at least a majority of all votes cast on the proposal. Details regarding the number of shares that voted in favor, against and abstained for each proposal will be provided in the current report on Form 8 ks, which we will file with the Securities and Exchange Commission by May 26, 2020. Is there any new business to come before the meeting? If there is no further business to come before the meeting, this completes the formal business of the meeting.
We will now be happy to discuss any questions you may have about the company's operations at this time, and I suggest a motion be made to adjourn.
Mr. Nordhagen, I move that the meeting be adjourned.
I second the motion. It has been moved and seconded that the meeting be adjourned. If any stockholder would like to make a comment regarding adjournment, please submit your comment through the web portal. The formal meeting is now adjourned. Thank you all very much.
That concludes our remarks. At this time, I'll open the meeting to questions. To ask a question at the meeting, you must be a shareholder with a valid control number as of March 31, 2020. And if you wish to ask a question, please submit the question electronically via the live webcast. Please include your name and town of residence.
If you have a matter of individual concern, which is not an appropriate subject for general discussion, we request that you contact our Investor Relations team. Their contact information is available on our website. Tamara, do we have any questions?
We do not have any questions at this time.
All right. If there are no questions, on behalf of National Storage Affiliates Trust, we thank you for attending and look forward to next year's annual meeting. Please note that in 24 hours, a replay of this meeting will be available for 30 days at www.virtualshareholdermeeting.com/ msa2020. Thank you very much.