Good morning, everyone, and thank you for attending the Parker-Hannifin Corporation 2025 annual meeting of shareholders. I'm Jennifer Parmentier, Parker's Chairman of the Board and Chief Executive Officer. I'll be acting as Chairman of this meeting, and I'm pleased to call the meeting to order and give a warm welcome to our shareholders who are here in person and listening on the webcast. Sitting here next to me is Joseph Leonti, Executive Vice President, General Counsel, and Secretary of Parker. Joe will be acting as Secretary of this meeting. I'd also like to introduce our director nominees and a few other Parker executives and representatives here in attendance. Our director nominees, who are all here with us today, are Denise Russell-Fleming, Lance Fritz, Linda Hardy, Kevin Lobo, Jeanne Savage, Laura Thompson, James Verrier, Jim Wayne Scott, Beth Wozniak, and myself.
Along with me and Joe, we have many other company executives here today, including Andrew Ross, President and Chief Operating Officer, and Todd Leombruno, Executive Vice President and Chief Financial Officer. Also present are Richard Kress, a representative from Broadridge Financial services, and Julie Warman, a representative from Deloitte & Touche LLP, our independent registered public accounting firm. Richard has been appointed to act as Inspector of Election for this meeting, and Julie will be available to answer appropriate questions about the company's financial statements during the question and answer period following this meeting. Last but certainly not least, here with us today is Joe Scaminace, one of our current directors who is retiring from our board as of today. On behalf of the board, I'd like to publicly recognize and extend our heartfelt gratitude to Joe for his many years of leadership, dedication, and extensive contributions to Parker.
Joe is a truly exceptional leader and person who has served our board and shareholders with distinction, and we wish him and his family great health and happiness in all the years to come. Please join me in thanking and congratulating Joe by giving him a big round of applause. Thank you. Before we move on to our voting items, I'd first like to turn it over to Joe to cover a few procedural matters.
Thank you, Jenny. Good morning, everyone. I'd also like to personally thank Joe Scaminace for his outstanding leadership and support over the years. Just a tremendous record and legacy of strong and independent governance and oversight. Thank you, Joe, for everything you've done for Parker, everything you've done for our shareholders. Very meaningful. As Jenny mentioned, I'd like to cover a few procedural matters here. First, today's meeting is being held pursuant to our notice of annual meeting and proxy statement that was dated and filed with the U.S. Securities and Exchange Commission on September 19th 2025. That notice and proxy statement was also mailed to our shareholders of record as of September 5th 2025, starting on September 19th. Second, those that are here in person were given a copy of the agenda for today's meeting and the rules of conduct to make sure that we have an orderly meeting.
We'll need everybody to abide by those rules of conduct. To quickly review the agenda, we're going to first conduct the annual meeting of shareholders, where we'll present the three voting items, collect any remaining ballots or proxy cards, close the polls, and announce our preliminary voting results. We'll then adjourn the meeting, and Jenny's going to make a few closing comments, and we'll hold a brief Q&A period. Third, in my capacity as Secretary, I've delivered and I present the following documents. These are all going to be referenced in the minutes of today's annual meeting of shareholders, as the minutes of our last annual meeting of shareholders, which was held on October 23rd 2024. I have the financial statements of the company for the fiscal year ended June 30th 2025, that have been certified by Deloitte & Touche LLP.
I've got an affidavit of mailing establishing that notice of today's annual meeting was duly given, and I have a list of the company shareholders of record as of September 5th 2025, certified by our transfer agent, Equiniti Trust Company. Fourth, all shareholders of record as of the close of business on September 5 th, 2025, are entitled to vote at today's annual meeting of shareholders. We ask that if there are any record date shareholders in attendance and are still holding proxies or wanting to vote here in person, please come down and see Mr. Kress right now. Lastly, I would like to report that Mr. Kress has advised that there are present in person or by proxy at least 114 million shares of Parker common stock. That represents over 90% of Parker's issued and outstanding common shares, and it's a quorum for the transaction of business.
That concludes the procedural matters I wanted to cover, so I'll turn it back over to Jenny, and we'll move on to our voting matters.
Thank you, Joe. There are three proposals being voted on here today. The first proposal is the election of directors. Our board has nominated and recommends voting for the election of the following 10 individuals to serve as directors for one-year terms expiring at the 2026 annual meeting of shareholders: Denise Russell-Fleming, Lance Fritz, Linda Hardy, Kevin Lobo, Jennifer Parmentier, Jeanne Savage, Laura Thompson, James Verrier, Jim Wayne Scott, and Beth Wozniak. The second proposal is to approve the compensation of our named executive officers on a non-binding advisory basis. Our board also recommends a vote for this proposal. The third proposal is to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending June 30th 2026. Our board also recommends a vote for this proposal. Those are the three proposals being voted on today.
Are there any questions or comments on these proposals? 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 vote results.
All right. Thank you, Jenny. Based on our preliminary vote results, each of the 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 2026 has been ratified. Please note that the final report of our Inspector of Election will include any ballots that were collected before the polls closed and that were not included in this preliminary report. After our Inspector of Election certifies and issues its final report, we will file a Form 8-K with the SEC that discloses the final vote results. Jenny, that concludes my report.
Thank you, Joe. With no further business to be addressed at the 2025 annual meeting of shareholders, the meeting is now formally adjourned. Before we move into Q&A, I just want to remind everyone that we'll be updating investors on our fiscal year 2026 first quarter performance and our next earnings webcast, which is scheduled for November 6th 2025, at 11:00 A.M. Eastern Time. I'd also like to make a few brief comments on the business. Looking back in fiscal year 2025, we delivered another record year of outstanding performance despite a very challenging macroeconomic environment.
At the end of the day, we continue to build on our strong track record of past results, make progress towards our fiscal year 2029 financial targets, and demonstrate once again that our portfolio transformation, the focus and commitment of our global team members on continuous improvement, and the power of the Win Strategy have helped us create a resilient company that is capable of delivering shareholder value consistently through business cycles. I couldn't be more proud of all the hard work that's put us in a position to weather the headwinds while delivering this level of performance and value creation. I want to thank all of our team members around the world for keeping each other safe and leading and executing with purpose every day. You are the ones making it happen. The good news is, we're not done.
Looking ahead, I continue to believe the future is very bright for Parker, and we're well positioned to drive further growth and performance. We'll continue leveraging our business system, the Win Strategy, and our decentralized operating structure, deep customer partnerships, innovative products, engineering expertise, interconnected technologies, and unparalleled distribution network. This will ensure we remain strategically positioned to drive team member engagement, deliver an exceptional customer experience, achieve sustained profitable growth in financial performance, and ultimately create shareholder value. We will continue to look to and lean on our incredible team members across the globe to help us overcome the challenges and accomplish the goals we have in front of us. This is a leaner, more efficient Parker that is operating like never before. I want to once again thank our dedicated team members around the world for their hard work, commitment, and outstanding performance.
Of course, thank all of our shareholders for their confidence and support. We are very grateful that you are here and partnering with us on our journey from better to best. With that, 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.