Thank you for standing by, and welcome to the Omnicom meeting. I will now turn the call over to John Wren.
Good morning. It is now 10:00 A.M. Eastern Time, and I hereby call to order Omnicom's special meeting of shareholders. I'm John Wren, Chairman and Chief Executive Officer of Omnicom, and I will chair today's meeting. Upon joining today's meeting, an agenda for the meeting and a link to the rules of conduct should be available on your screen. We appreciate if all attendees would read them. I would like to introduce certain Omnicom officers also present today. Phil Angelastro, Executive Vice President and Chief Financial Officer of the company, and Lou Januzzi, Senior Vice President, General Counsel, and Secretary of the company. Lou will act as Secretary for the meeting. I would also like to welcome Omnicom's board members who are joining us today for this meeting.
Mr. Januzzi has the affidavit from Broadridge Financial Solutions, which certifies timely mailing to shareholders of notice of this special meeting, the proxy statement, and the proxy card. It appears from the affidavit that notice of this meeting has been duly given. The Board of Directors has appointed Jim Ray, an affiliate of Broadridge, as Inspector of Election. He has taken the oath of Inspector of Election earlier today. Will the Secretary please report the number of shares of common stock outstanding and entitled to vote at this meeting, and whether or not a quorum is present?
At the close of business on December seventeenth, 2025, the record date for the special meeting, there were 314,603,664 shares of common stock outstanding and entitled to vote. The Inspector of Election has informed me that holders representing a majority of these shares are present, virtually or by proxy at this meeting, and therefore, a quorum is present.
Since the notice of this meeting was duly given and a quorum is present, this special meeting of shareholders is duly convened and authorized to proceed with business. I will now provide a brief description of the matter to be voted on. The only proposal on the agenda for today's meeting is to approve Omnicom's 2026 Incentive Award Plan. The Omnicom Board unanimously recommends that Omnicom shareholders vote for this proposal. We will now proceed with the voting on this proposal. Any shareholder who has not yet voted or wishes to change their vote may do so by clicking on the voting button on the meeting site and following the instructions. Shareholders who have already voted and do not wish to change their vote do not need to take any further action. We will now take a brief pause to allow the shareholders time to vote.
I now declare that the polls for the special meeting closed. I believe the Inspector of Election has completed tallying the votes. Will the Secretary please report on the preliminary results of the vote?
The Inspector of Election reports that holders representing approximately 85% of the shares of Omnicom common stock entitled to vote at this meeting are present virtually or by proxy. Therefore, a quorum has been present and acting. For proposal one, that a majority of the shares of Omnicom common stock voting on the proposal have been voted for, and the Omnicom 2026 Incentive Award Plan is thereby, therefore approved. Omnicom will report the final voting results in a current report on Form 8-K, in accordance with SEC rules and regulations.
We will now be glad to answer questions. Any shareholder who wishes to ask a question related to the matter voted on at today's meeting may do so by typing the question in the box located on their screen.
It appears there are no questions. We have now completed the formal business scheduled for today's meeting, and this meeting is adjourned. Thank you for joining us, and have a good day.
This concludes today's meeting. You may now disconnect.