Ladies and gentlemen, welcome to the Envista Annual Stockholders Meeting. I will now turn things over to Amir Aghdaei.
Good morning, and welcome to the 2020 Annual Meeting of the Stockholders of Envista Holdings Corporation. I'm Amir Aghdaei, President and Chief Executive Officer of Envista. It is my pleasure to welcome you here today for this meeting and to introduce our Chairman of the Board, Scott Huennekens.
Thank you, Amir, and welcome everyone to Envista's first Annual Meeting of Stockholders. Thank you for joining us today. We're excited to be hosting our virtual meeting, which allows us to conduct our annual meeting and connect with our stockholders safely during these unprecedented times. We will conduct the business portion of our meeting first and answer questions at the end of the meeting. Though we may not be able to answer every question, we will do our best to provide a response to as many as possible. It is now shortly after 7:30 A.M. Pacific Time on May twenty-seventh, 2020, and this meeting is officially called to order. Now I'd like to introduce the other members of the board joining us for today's meeting. Amir Aghdaei, our President and CEO, also serves as one of our directors.
Wendy Carruthers is our Chairman of our Compensation Committee and also serves on our Nominating and Governance Committee. Kieran Gallahue is Chair of our Nominating and Governance Committee. Vivek Jain is a member of our Audit Committee. Daniel Raskas is a member of our Compensation Committee, and Christine Tsingos is the Chair of our Audit Committee and also serves on our Compensation Committee. Also joining us today are two of our officers, Howard Yu, our Chief Financial Officer, who will be available during the question and answer session after the meeting, and Mark Nance, our General Counsel and Secretary, who will act as Secretary of the meeting. I will turn to him with any procedural issues that may arise. Mark?
Thank you, Scott. We are also joined here today by Ernst & Young, our independent auditors. They will be available during the question and answer session after the meeting to respond to appropriate questions. Finally, the company has appointed American Election Services to act as Inspector of Election. Cynthia Scoggin from American Election Services is with us today and has taken the oath of Inspector of Election earlier today.
All right, commencing of the formal meeting. After the formal meeting has been adjourned, we will provide time for general questions. Only validated stockholders may ask questions in the designated field on the web portal. Out of consideration for others, please limit yourself to one question. You may submit a question at any time during the meeting. Please note that this meeting is being recorded. However, no one attending via the webcast is permitted to use any audio recording device. The Board of Directors fixed April sixth, two thousand and twenty, as the Record Date for determining stockholders entitled to vote at this meeting.
An affidavit has been delivered attesting to the fact that either, one, a notice of internet availability of the notice of the meeting, the proxy statement, and the 2019 annual report to stockholders, or, two, the documents themselves were mailed on or about April 14, 2020, to all stockholders as of the record date and will be incorporated into the minutes of this meeting. The stockholder list shows that as of the record date, there were 159,197,500 shares of common stock outstanding and entitled to vote at this meeting.
We are informed by the Inspector of Election that there are represented in person or by proxy, shares of common stock representing 151,158,518 votes, or approximately 94.95% of the voting power on the record date. Since this represents more than a majority of the voting power of all issued and outstanding common stock entitled to vote on the record date, a quorum is present for purposes of transacting business. Now I will present the matters to be voted upon. Please note that we will give stockholders an opportunity to comment on the proposals themselves after all proposals have been presented. Proposal 1 is the election of Kieran Gallahue.
Gallahue to serve as Class I Director for a three-year term expiring at the 2023 Annual Meeting of Stockholders and until his successor is elected and qualified. Proposal 2 is the ratification of the selection of Ernst & Young as our independent registered public accounting firm for the year ending December 31, 2020. Proposal 3 is the approval on an advisory basis of the compensation of the company's named executive officers, as disclosed in the Proxy Statement pursuant to the compensation disclosure rules of the SEC. Proposal 4 is the advisory vote relating to the frequency of future stockholder advisory vote on the company's named executive officer compensation. If any stockholder would like to make a comment regarding any of the proposals, please submit your comment through the web portal. Mark, any comments that need answering?
There are no comments.
... Okay, it is now 7:27 A.M. Pacific Time on May 27, 2020, and the polls are now open. Any stockholder who hasn't yet voted or wishes to change their vote may do so by clicking on the voting button on 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. I'll pause for voting. Now that everyone has had the opportunity to vote, I now declare the polls for the 2020 Envista Holdings Corporation Annual Meeting of Stockholders closed at 7:27 A.M. Pacific Time on May 27, 2020. Mark, do we have preliminary voting results?
We do, Scott. We have been informed by the Inspector of Election that the preliminary vote report shows that Kieran Gallahue has been duly elected as a Class I director. The appointment of Ernst & Young LLP as our independent registered public accounting firm has been ratified. The compensation of the named executive officers has been approved by advisory vote, and the stockholders of a majority of the votes cast at the meeting have voted in favor of holding a stockholder advisory vote on executive compensation every year. We will be reporting the final vote results on Form 8-K to be filed within four business days.
Thank you, Mark. There being no further business to come before the meeting, the 2020 annual meeting of the stockholders of Envista Holdings Corporation is now adjourned. Now, we would like to open things up for stockholder questions and comments. We will take stockholders' questions that are being entered today on the web portal. Please note, we will attempt to answer as many questions as time allows, but only questions that are germane to the meeting will be addressed. Mark, are there any questions?
There are no questions, Scott.
We'll give it a couple of seconds here to confirm.
Nope. Still none.
Still no questions? Okay, Mark, I'll turn it over to you, I guess, to, or Amir, to close things out.
Thank you, Scott. Thank you for your participation. Truly appreciate it. Bye-bye.
Thank you.