Good morning, ladies and gentlemen. It is now 11:00 A.M. Eastern Time and time to call the meeting to order. The polls are now open for voting on the virtual meeting platform. I am Daniel Dines, UiPath's Founder, Chief Executive Officer, and Chairman of the Board of Directors. As Chairman of the Board of Directors, let me welcome you to the 2024 UiPath Inc. Annual Meeting of Stockholders, which is being held virtually. With me today is Brad Brubaker, the company's Chief Legal Officer and Corporate Secretary. Mr. Brubaker will also serve as secretary of today's meeting. Brad, over to you.
Thank you, Daniel. Good morning, everyone, and welcome to our 2024 annual meeting of the stockholders. Today's meeting agenda and rules of the meeting are on the voting landing page. The rules set forth the procedures we will follow in today's meeting. It is our intention to first complete the formal business of the meeting with the presentation of proposals. Following the presentation of proposals, there will be an opportunity for discussion of those items. But first, it's a pleasure to introduce the members of our board of directors who are in attendance today. Daniel Dines, Michael Gordon, Daniel Springer, Karen Ann Terrell, Rich Wong, and June Yang. I would also like to take this opportunity to introduce some of our executives in attendance today. Ashim Gupta, our Chief Financial Officer, Brigette McInnis , our Chief People Officer, and Hitesh Ramani, our Chief Accounting Officer.
I would also like to introduce Padraig Kelly and Nick Nadal of the firm of KPMG LLP, which serves as the company's independent registered public accounting firm. Mr. Kelly and Mr. Nadal will be available to respond to appropriate questions during the Q&A session. I would also like to welcome Brad Goldberg and Cheryl Ness , our counsel from Cooley LLP, who are also in attendance. Now to some housekeeping. Today's meeting will be recorded and available on our investor relations website at www.uipath.com. Again, the rules of meeting can be found on the virtual meeting page. As Daniel noted, the polls opened at the beginning of the meeting, and we'll close the polls on all matters immediately after we present today's proposals and take questions on them. Most of you have already voted, and your shares will be voted accordingly.
You do not need to vote again at this time unless you wish to change your vote. If anyone would like to vote now or change his or her prior vote, please follow the instructions on the meeting website before the polls close. If you are a shareholder who has logged in with your control number and wish to ask a question during the annual meeting, please feel free to type the question in now. They will be addressed following the presentation of the proposals. We will now proceed with the formal business of our meeting. Ashim Gupta and Hitesh Ramani have been appointed as proxies on behalf of the Board of Directors for this meeting.
I present to the meeting the affidavit of mailing, which states that the notice of this meeting and availability of proxy materials were mailed beginning May 9, 2024, to all stockholders of record as of the close of business on April 26, 2024. The inspector reports... I'm sorry. We have a preliminary report from Tracey Oates, who has been appointed and previously sworn in as Inspector of Elections for this meeting. The inspector reports that at the commencement of this meeting, 3,247,743,740 shares of the company's Class A and Class B common stock were presented in person or by proxy. This constitutes a majority of the voting power of the outstanding shares of stock entitled to vote at this meeting.
Therefore, our quorum is present for the conduct of business, and the meeting is duly constituted. Ladies and gentlemen, we have three proposals to be voted upon at this meeting. Again, there will be time for discussion of the proposals after they have been presented. If you have questions regarding the proposals, please type your questions in the text box. The first item of business for consideration by the stockholders is the election of eight directors. Each of Daniel Dines, Philippe Botteri, Michael Gordon, Daniel Springer, Laela Sturdy , Karen Ann Terrell, Rich Wong, and June Yang have been nominated by the board of directors to serve as a member of the board of directors for a term of one year. No other persons having been nominated in accordance with the company's bylaws, the nominations are now closed.
The second item of business is to approve, on a non-binding advisory basis, the compensation paid to our named executive officers to say-on-pay vote. The third item of business is to ratify the appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending January 31, 2025. No other matters were submitted for consideration in accordance with the company's bylaws. Ladies and gentlemen, this concludes the introduction of the proposals to be presented at the meeting. Again, if you would like to ask a question or make a statement, please type your question or statement into the comment box now. In the interest of giving as many stockholders as possible the opportunity to be heard, please be as brief as possible. Also, please identify yourself and indicate whether you are a stockholder of record.
Okay, so I believe there is one question we received. However, the question is not related to the three proposals that have been put forth for vote. So we will take the question, and we will actually respond to it at a later date after the meeting on our investor relations website page. There being no further questions at this point, I will pause to allow anybody to make their final vote for the proposals. This is the last call for votes. If you wish to vote, please do so now by following the instructions on the virtual meeting website.
Since all stockholders have had adequate time to vote, it is now 11:10 A.M., and the polls are now closed for voting. Will the Secretary please report on the preliminary results of the voting? Brad?
The preliminary results from the Inspector of Elections indicate that, one, each nominee for election to our Board of Directors has been duly elected. Two, the compensation paid to our named executive officers has been approved on a non-binding advisory basis. Three, the selection by the Audit Committee of our Board of Directors of KPMG LLP, as our independent registered public accounting firm for the fiscal year ending January 31, 2025, has been ratified. Following the meeting, we will publicly announce the official voting results on Form 8-K once all the verifications have been completed by the Inspector of Elections. This concludes our meeting, and the annual meeting is now adjourned. Thank you all for attending and voting at our 2024 Annual Meeting of Stockholders. We look forward to hosting you again next year.
The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.