Welcome to the Bank Ozk's 2021 Annual Meeting of Shareholders. I would now like to introduce George Gleeson, Chairman and CEO of Bank OZK.
Ladies and gentlemen, with the meeting, please come to order. Good morning. My name is George Gleeson. It is my privilege as Chairman and Chief Executive Officer of Bank Ozk to welcome you to our Annual Shareholders Meeting. We appreciate your attendance.
I will be presiding at this meeting and Helen Brown will serve as secretary of the meeting. I have been informed by our secretary that all shareholders were mailed a notice of annual meeting on or about March 12, 2021, as evidenced by affidavits from Broadridge Financial Solutions Incorporated. And I hereby declare that this meeting has been properly called. A copy of the notice of meeting and the affidavit of mailing will be incorporated into the minutes of this meeting. As the company has previously disclosed, this meeting is being held both in person and virtually in an effort to protect public health during the COVID-nineteen global pandemic.
As you entered the meeting room, you should have received an agenda outline in the order of business for today's meeting. The agenda is available through the virtual meeting portal for those participating virtually. If anyone desires to address the meeting, please hold your questions until the question and answer session, which is item 9 on the agenda. Also, please make note of the rules and procedures for the conduct of the annual meeting as reflected on the back of your agenda. The Board of Directors at an earlier meeting appointed Sheila Mayden, Executive Vice President and Corporate Trust Manager for the Trust and Wealth Division of Bank Ozeka, our transfer agent and Greg McKinney, the company's Chief Financial Officer, as inspectors to conduct the voting at this meeting.
The inspectors are present and they've taken the oath of office I request that the inspectors file their oath of office with the secretary of the meeting for inclusion in the minutes of this meeting. As made to Mr. McKinney in your capacity as inspectors, will you please canvass the votes and determine that a quorum is established. At this time, I would like to introduce the 13 nominees to Board of Directors. Each nominee other than myself is attending the meeting virtually.
Again, I'm George Flason, Chairman and Chief Executive Officer. Other nominees are Nicholas Brown, Paula Chamblee, Beverly Cowell, Robert East, Kathleen Franklin, Catherine Grigard, Jeffrey Gerhardt, Peter Kenny, William Cofed, Christopher Orndor, Stephen Sayoff and Ross Quivel. These 13 individuals are the nominees to the Board of Directors on which shareholders will be voting today. Thank you, ladies and gentlemen. Todd Eldridge of PricewaterhouseCoopers LLP, our independent registered public accounts is available through the Board of Meeting Forward to respond to appropriate questions during the question and answer portion of the meeting.
I would now like to recognize Helen Brown's secretary of the meeting to report on whether a quorum is present for the meeting.
The shareholders list shows the owners of 129,650,437 shares of common stock of the company are entitled to vote at this meeting. We are informed by the inspectors that there are represented in person of our proxy 118,796,280 shares of common stock or approximately 92% of all shares entitled to the loan is in need. And therefore, I'm pleased to report that a quorum is established for the meeting. I also have a certified list of shareholders at the record date of February 25, 2021, and it will be available for inspection during the meeting.
Thank you. Because holders of a majority of the shares entitled budget at this meeting are present in person or by proxy. I declare this meeting to be duly convened for purposes of transacting such business as they properly have come before. The polls for the proposals to be voted on at this meeting are now open. Shareholders who are voting by proxy need not cast ballots in the voting today unless they wish to change the vote on their previously submitted proxy.
Additional voting cards are available at the back of the room for anyone who wishes to overrule their previous proxy card or who might wish to vote if they have not already done so. Anyone desiring to do so should raise their hand. Virtual participants may overrule their previous proxy card or vote if they have not already through the virtual meeting portal. After voting has been completed, all matters on the agenda, we will close the polls and the inspectors of election will provide the preliminary report. The next order of business is a description of the matters to be voted on at today's meeting.
Proposal number 1 is listed on the proxy statement is the election of 13 directors for the ensuing year. Nominations as listed in the proxy are George Flayton, Chairman and Chief Executive Officer Nicholas Brown Paul Champley Beverly Cottle Robert East Kathleen Franklin, Catherine Freiberg, Jeffrey Gerhardt, Peter Kenny, William Cofit, Christopher Horndor, Steven Sleighth and Ross Whipple. Proposal number 2 is listed on proxy statement as the ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the year ending December 31, 2021. Proposal number 3 is listed on the proxy statement is to approve on an advisory non binding basis. The compensation of the company's named executive officers as disclosed in proxy statement.
Proposal number 4 is listed on the proxy statement is to determine in an advisory non binding vote the frequency of future advisory non binding votes on compensation paid to the company's named executive officers. Board of Directors of the company recommends that you vote for each of the 13 director nominees in proposal number 1 for each of proposals 2 and 3 and for 1 year with respect to proposal number 4. Because no other business is on the agenda to come before this meeting, we will proceed voting. If you completed the voting card today to change or revoke a previously completed proxy or to vote if you fail to complete and return your proxy, we will collect your voting card at this time. Are there any cards remaining to be collected?
If all voting cards are collected, we will close the polls. The polls for these proposals are now closed. The votes on any ballots collected during this meeting that are not included in the report. Inspectors at this meeting will be included in the final summary of the results of this annual meeting to be reported on Form 8 ks, which will be filed with Federal Deposit Insurance Corporation. I now call upon Secretary Brown to give the preliminary report of inspectors.
We are informed by the inspectors that the ballots have been counted and that each director nominees receive the affirmative majority of all those cast. The appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm received the affirmative vote of all majority of the votes cast. Compensation of the company's named executive officers as disclosed in the proxy statement received the affirmative vote of a majority of all those cash. And with respect to the frequency of the advisory non binding shareholder vote on the compensation paid to the company's name and executive officers, one year proceeds to vote both cash.
Thank you. Pursuant to these voting results, I declare. The slate of 13 director nominees elected, the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the year ending December 31, 2021 ratified. The compensation of the company's named executive officers is disclosed in the proxy statement approved and the annual frequency of the advisory non binding shareholder vote on the company's compensation is named executive officers approved. This concludes the business for this meeting.
The meeting is now adjourned. At this time, we want to open the floor for questions from our shareholders. For shareholders attending the meeting virtually, please follow the instructions provided on the virtual meeting screen to submit questions. Mr. Chairman, there are no questions online.
All right. There being no questions, that concludes our meeting. Thank you very much for joining us today and attending the meeting and for your interest in the affairs of our company. Thank you. Have a great day and we'll look forward to it.
See you in a year.