Welcome to the annual meeting for Nuvation Bio, Inc. Our host for today's call is Philippe Sauvage, Chief Financial Officer. I will now turn the call over to your host. Mr. Sauvage, you may begin.
Good morning. My name is Philippe Sauvage, and I am the Chief Financial Officer of Nuvation Bio, Inc. I am very happy to welcome you to the Nuvation Bio, Inc. 2026 Annual Stockholders' Meeting. The meeting will now officially come to order. The time is now 11:00 A.M. Eastern Time on Thursday, May 21st, 2026, and the polls are now open for voting on all matters to be presented. As you know, we are hosting today's meeting through a virtual online platform hosted by Broadridge. This meeting is being recorded and will be available on the Nuvation Bio website for one year after the date of the annual meeting. Before we proceed with the formal business of the meeting, I'd like to introduce to you the members of the board and the business team who are with us today.
The members of the board with us virtually today are David Hung, Robert Bazemore, Kim Blickenstaff, Min Cui, Kathryn Falberg, Robert Mashal, and Anthony Vernon. I'm also here today with Kelly Pitt, who serves as Nuvation Bio's VP, Legal and Head of Compliance. I would also like to introduce Nicole Bonelli and Richard Volini of KPMG LLP, the company's independent registered public accounting firm, and Allison Pang of Cooley LLP, the company's outside legal counsel, who are also in attendance virtually and available to respond to appropriate questions as needed. Additionally, Maria Beltran and Lewis Larson of Broadridge are in attendance virtually. Kelly Pitt will now present the order of business for today's meeting. Kelly?
Thank you, Philippe. We will proceed with the formal business of the meeting in the order set forth in the notice of annual meeting and proxy statement. We will first present the three proposals submitted for approval by our board. We will then take questions related to the proposals after all of the proposals have been presented, after which we will then announce the preliminary results of the voting. As Philippe mentioned earlier, the polls are open for voting on all matters to be presented. 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, and 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. Stockholders who are attending this meeting with a valid 16-digit control number may submit questions or comments for the Q&A portion of this meeting through the text box located on the virtual meeting screen. We will try to answer questions submitted that are germane to the proposals and/or this meeting as and if we have time. I will screen incoming questions, and during the Q&A portion of the meeting, will read germane questions out loud before a member of our team responds. Please submit your questions now to make sure they are received in a timely fashion for our review and response.
I have an affidavit certifying that on April 10th, 2026, a notice of annual meeting of stockholders of the company was deposited in the United States Mail to all stockholders of record at the close of business on March 25th, 2026. At this time, I'd like to introduce Lewis Larson of Broadridge, who is present virtually. I am appointing Mr. Larson to act as Inspector of Election at this meeting. Mr. Larson has taken and subscribed the customary oath of office to execute his duties with strict impartiality. We will file this oath with the records of this meeting. His function is to decide upon the qualifications of voters, accept their votes, and when balloting on all matters is completed, to tally the votes. Mr. Larson informed me that proxies have been received for 289,931,796 of the 346,685,831 shares of Class A common stock outstanding on the record date.
This represents approximately 83.62% of the total number of outstanding shares of Class A common stock. Proxies have also been received for 1 million of the 1 million shares of Class B common stock outstanding on the record date, which represents 100% of the total number of outstanding shares of Class B common stock, and shares representing 290,931,796 votes out of the 347,685,831 votes represented by the shares of Class A common stock and Class B common stock outstanding on the record date, which votes represent approximately 83.67% of the aggregate voting power of the shares outstanding on the record date. This constitutes a quorum for the meeting today, and we may now carry out the official business of the meeting. There are three proposals to be considered by the stockholders at this meeting.
After all of 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 during this portion of the meeting pertain only to these proposals. The first item of business is the election of two directors by holders of Class A common stock and Class B common stock, voting together as one class, and one director by holders of Class B common stock, voting separately, each to serve until the 2029 annual meeting and until their successors are elected. Those nominees for director are Robert B. Bazemore Jr. and Robert Mashal, MD, by holders of Class A and B common stock, and Kim Blickenstaff by holders of Class B common stock.
The second item of business today is the ratification of the selection by the Audit Committee of the Board of KPMG LLP as the independent registered public accounting firm of the company for the fiscal year ending December 31st, 2026. The third item of business today is the approval on an advisory basis of the compensation of the company's named executive officers as disclosed in the proxy statement. That was the final proposal for today's meeting. We will now review if there are any questions submitted about the proposals before we close the poll. As a reminder, we will only review and answer questions at this time that pertain to the proposals. Please note that our discussion today may include forward-looking statements, and our actual results may differ materially from those discussed here.
Additional information concerning factors that could cause such a difference can be found in our most recently filed quarterly report on Form 10-Q. There are no questions. The time is now 11:08 A.M. Eastern, and the polls are now closed for voting. I will now announce the results of the voting. The report of the Inspector of Election covering the proposals presented at this meeting is as follows. The proposal to elect Robert B. Bazemore Jr. and Robert Mashal, MD, as directors of the company elected by the holders of Class A and B common stock, and Kim Blickenstaff as director of the company elected by the holders of Class B common stock, is carried. The selection of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2026, is ratified.
The resolution concerning the compensation of the company's named executive officers, as disclosed in the proxy statement, is approved. We expect to report our preliminary voting results, or, if available to us on a timely basis, our final voting 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. If not earlier reported, we expect to report our final voting results in an amendment to our Form 8-K within four business days after the final results are known to us. This concludes the formal portion of today's meeting and the annual meeting is now adjourned. I will now turn it over to Philippe for closing remarks.
Thanks, Kelly. Thank you again for your attendance at today's meeting and for your continued support of Nuvation Bio, Inc.
This concludes today's meeting. Thank you for attending. You may now disconnect and have a wonderful rest of your day.