...Good morning, everyone. The 2024 Annual Meeting of Shareholders of Parker Hannifin Corporation will please come to order. I would like to welcome all shareholders who are here in person, as well as those listening via the webcast. I am Jenny Parmentier, Chairman of the Board and Chief Executive Officer, and I will be presiding at this meeting. Sitting with me is Joe Leonti, Vice President, General Counsel, and Secretary of the company. Joe will act as secretary of this meeting. First, I'd like to introduce our director nominees and other company executives and representatives who are present at today's meeting. Our director nominees, who are all here today, are Denise Russell Fleming, Lance Fritz, Linda Harty, Kevin Lobo, Jean Savage, Joe Scaminace, Laura Thompson, James Verrier, Jim Wainscott, and myself.
Along with me and Joe, we have many other company executives here today, including Andy Ross, President and Chief Operating Officer, and Todd Leombruno, Executive Vice President and Chief Financial Officer. And finally, Richard Kretz, a representative of Broadridge Financial Services, is present and has been appointed to act as Inspector of Election for this meeting. And Julie Wahrman, a representative from Deloitte & Touche, LLP, our independent registered public accounting firm, is also present. Julie will be available to answer appropriate questions concerning the company's financial statements during the question and answer period following the meeting. Before we move on to our voting members, I'd first like to turn it over to Joe to cover a few procedural items.
Thank you, Jenny. Good morning, everyone. Just a couple of quick procedural matters. First, for those of you who are here in person, you did receive a copy of today's agenda and rules of conduct. As you can see on the agenda, we're going to first conduct our annual meeting of shareholders, and after we adjourn, Jenny will make some comments, and then we'll have a brief question and answer period. To ensure that we have an orderly meeting, please, everyone, please abide by the rules of conduct. The second thing is, in my capacity as secretary, I have delivered, and I present the following documents that will be referenced in the minutes of the annual meeting. I have the minutes of our last annual meeting of shareholders, which was held on 3 October 2023.
I have the financial statements of the company for the fiscal year ended 30 June 2024 , which have been certified by Deloitte & Touche, LLP. I have an affidavit of mailing that establishes that notice of the 2024 annual meeting of shareholders has been duly given. And I have a list of the company's shareholders of record as of 6 September 2024 , certified by our transfer agent, Equiniti Trust Company. And third, all shareholders of record as of the close of business on 6 September 2024 , are entitled to vote at this annual meeting. So we ask that any shareholders who are present and are either still holding proxies or otherwise wanting to vote here in person, please come down and see Mr. Kretz now. Okay. Mr.
Kretz has advised that at this meeting, there are present, in person or by proxy, at least 112 million shares of Parker common stock, which is a quorum for the transaction of business, and it represents over 87% of our issued and outstanding shares. So at this time, we'll move on to our voting matters, and I'll turn it back over to Jenny as Chairman to do that.
Thank you, Joe. I will now present the matters to be voted on. The first proposal to be voted on is the election of directors to serve for terms expiring at the annual meeting of shareholders in 2025 . Our board has nominated and recommends in favor of the following 10 persons for election as directors of the company: Denise Russell Fleming, Lance Fritz, Linda Harty, Kevin Lobo, Jenny Parmentier, Jean Savage, Joe Scaminace, Laura Thompson, James Verrier, and Jim Wainscott. The second proposal to be voted on is the approval of the compensation of our named executive officers on a non-binding advisory basis. Our board of directors recommends in favor of this proposal.
The third proposal to be voted on is the ratification of the appointment of Deloitte & Touche, LLP, as our independent registered public accounting firm for the fiscal year ending 30 June 2025 . Our Board of Directors recommends in favor of this proposal. That concludes the items that will be voted on today. Are there any questions or comments on the proposals presented for a vote? The Inspector of Election will now collect any remaining outstanding ballots or proxy cards. The votes are now in, and I declare the polls closed. Joe, please go ahead and review the preliminary voting results.
Okay. Thank you, Jenny. Based on the preliminary voting results, each of our director nominees has been elected. The compensation of our named executive officers has been approved on a non-binding advisory basis, and the appointment of Deloitte & Touche, LLP, as our independent registered public accounting firm for fiscal year 2025 has been ratified. Please note that any ballots collected before the polls closed and that are not reflected in this preliminary report. They will be reflected in the final report of our Inspector of Election. The final voting results will be available and disclosed on a Form 8-K that will be filed with the US Securities and Exchange Commission shortly after the votes have been certified by our Inspector of Election.
Thank you, Joe. With no further business to be addressed at the meeting, the annual meeting is now adjourned, and I'd like to make just a few comments on the business. First, I want to remind everyone that we'll be updating investors on our Q1 financial performance in our next earnings webcast, scheduled for 31 October 2024 . Today, we are a very different Parker. The strength of our portfolio and opportunities to drive performance through operational excellence are key factors that have contributed to Parker setting new financial targets for fiscal year 2029. Fiscal 2024 was another great year of record performance, providing further evidence that we've built a business that is resilient and can drive growth in sales, segment operating margins, earnings, and cash flow, thus providing an even greater shareholder value.
We are deeply grateful to our team members for keeping each other safe and leading with purpose while preserving the very best elements of a culture more than a century in the making. We also thank our shareholders for your confidence in the value Parker creates and our shared vision for a better tomorrow. I'm confident that the strength of our portfolio and our ongoing execution of the Win Strategy will put us in a great position to realize the very bright future ahead for Parker. If there are any questions from the floor, we will now open it up for a brief Q&A period. On behalf of our board of directors and our team members around the world, thank you for attending and participating today, and for your continuing support of Parker Hannifin Corporation.