Good morning. Welcome to Omnicom Annual Meeting. I will now hand the meeting over to John Wren, Omnicom's Chairman and CEO. Please go ahead.
Good morning. It's now 10:00 A.M. Eastern Time. I hereby call to order Omnicom's 2026 Annual Meeting of Shareholders. I am John Wren, Chairman and Chief Executive of Omnicom. 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 have become available on your screen. We appreciate if all attendees would read them. I'd 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 the Omnicom board members who are joining us today for this meeting.
Mr. Januzzi has an affidavit from Broadridge Financial Solutions, which certifies the timely mailing to shareholders of the notice of this meeting, the 2026 proxy statement, the proxy card, and the 2025 annual report. It appears from the affidavit that the notice of this meeting has been duly given. The Board of Directors has appointed James Retzko, an affiliate of Broadridge, as Inspector of Election, who has taken the oath of Inspector of Election earlier today. Will the Secretary please report the number of common shares outstanding and entitled to vote at this meeting and whether or not we have a quorum present?
At the close of business on March 9, 2026, the record date for the annual meeting, there were 284,988,976 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 notice of the meeting was duly given and a quorum is present, this annual meeting of shareholders is duly convened and authorized to proceed with business. The Secretary will now provide a brief description of the matters to be voted on today.
The first item on the agenda is the election of the 14 director nominees included in the proxy statement, each to serve for a term of one year or until his or her respective successor has been duly elected and qualified. The board recommends the election of each of the following persons as directors of the company for a term of one year that will expire at the 2027 annual meeting of shareholders. John Wren, Mary Choksi, Len Coleman, Mark Gerstein, Ronnie Hawkins, Debbie Kissire, Philippe Krakowsky, Gracia Martore, Patrick Moore, Pat Pineda, Linda Johnson Rice, Casey Santos, Valerie Williams, and Lee Wyatt. The second item on the agenda is an advisory resolution to approve the company's executive compensation. The board recommends that shareholders vote for the advisory resolution to approve executive compensation.
The third item on the agenda is the ratification of the appointment of KPMG as the company's independent auditors for the fiscal year ending December 31, 2026. The board recommends that shareholders vote for the ratification of the appointment of KPMG as our independent auditors.
We will now proceed with the voting on these matters. 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 shareholders time to vote. I now declare the polls for the annual 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 91% 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 item one, that a majority of the shares of common stock voting at this meeting have been voted in favor of the election of each of the 14 nominees for director. For item two, with respect to the advisory resolution to approve the company's executive compensation, 56% of the shares of common stock voting at this meeting have been voted for, and the advisory resolution regarding the company's executive compensation has been approved.
For item three, with respect to ratification of the appointment of KPMG, 96% of the shares of common stock voting at this meeting have been voted for, and the ratification of the appointment of KPMG as the company's independent auditors for the 2026 fiscal year is 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 matters voted on at today's meeting may do so by typing the question in the box located on their screen. We have now completed the formal business schedule for today's meeting, and this meeting is adjourned. Thank you for joining us, and have a good day.
Ladies and gentlemen, this concludes today's annual meeting. We thank you for participating. You may now disconnect your line.