Good day, and welcome to the Phreesia Fiscal Year 2020 Annual Meeting of Stockholders. I would now like to turn the conference over to Chaim Indig, Chief Executive Officer of Phreesia Inc. Please go ahead.
Good morning, everyone. My name is Chaim Indig, Chief Executive Officer of Phreesia, Inc. The meeting is now called to order. I will be acting chairperson of the meeting, and I've asked Charles Kallenbach, General Counsel and Secretary of the Corporation, to record the minutes. I am pleased to welcome our stockholders and visitors to this virtual annual meeting of Phreesia, Inc. This meeting is being held in accordance with the company's bylaws and Delaware law. At our meeting today, we will take care of the formal business described in our notice and proxy statement, a copy of which was mailed on or about May twenty-seventh, 2020, to all of our stockholders of record at the close of business on May eleventh, 2020. Before proceeding to the formal business, I would like to introduce the directors and officers of Phreesia, Inc., who have joined us today.
Our directors are myself, Michael Weintraub, Edward Cahill, Scott Perricelli, Cheryl Pegus, Mark Smith, and Gillian Munson. Our officers are Thomas Altier, Chief Financial Officer, Evan Roberts, Chief Operating Officer, Charles Kallenbach, General Counsel and Secretary, David Linetsky, Senior Vice President, Life Sciences, Amy VanDuyn, Senior Vice President, Human Resources, and I am the Chief Executive Officer. In addition, Balaji Gandhi, our Vice President of Investor Relations, joins me today and will assist me with any questions from investors. Our independent auditors, the firm of KPMG LLP, is represented at this meeting by William Blose and Jennifer Strong. Our outside counsel, the firm of Goodwin Procter LLP, is represented at this meeting by John Egan. Thank you all for being here today. Now, let's proceed to the formal business of the meeting.
Notice, which was sent to all stockholders of record as of the close of business on May 11, 2020. The stockholders of record on that date are entitled to vote at this meeting. We have, at this meeting and on the meeting website, a record of stockholders as of that date. A duplicate record has been on file at the principal place of business of the corporation for the last 10 days, immediately prior to the date of this meeting, and has been available for inspection by any stockholder during that period at any time during the normal business hours. The agenda and rules of conduct for the meeting are posted on the meeting website. It is our intention to conduct this meeting in accordance with these documents. There will be an opportunity for questions about each of the other proposals after they are all presented.
If you have any questions, please submit them using the Ask a Question field on the meeting website, and please adhere to the rules of conduct in addressing this meeting. The board of directors has appointed Tracy Oats to act as Inspector of Elections for this annual meeting, and she will tabulate results of the voting. The Inspector of Elections has signed the oath of her office, which will be filed with the minutes of this meeting. Ms. Oats, do we have a quorum present?
Mr. Indig, of the 37,641,726 shares of common stock entitled to vote at the meeting, 27,394,088 shares are present, are represented either in person, virtually, or by proxy, and therefore, a quorum is present.
Thank you, Ms. Oats. I declare that a quorum is present. We may now proceed to transact the business for which this meeting has been called. Let me briefly describe the voting procedures. We will vote by proxy and by virtual ballot. If you have previously turned in your proxy and you do not intend to change your vote, it is not necessary that you complete another proxy or virtual ballot. Your vote will be counted. If you are eligible to vote and have not submitted your proxy, or if you want to change your vote, you may do so by clicking on Vote Here on the meeting website. It is now 9:05 A.M. on July eighth, 2020, and the polls for each matter to be voted on at this annual meeting are now open.
Our first item of business is the election of directors. At this meeting, we'll be voting on three nominees for Class One directors to serve for a three-year term, ending at the 2023 annual meeting, all set forth in the proxy statement. Based on the recommendations of the Nominating and Corporate Governance Committee of the board, our board has nominated Chaim Indig, Michael Weintraub, and Edward Cahill for election as directors to serve for a three-year term, ending at the 2023 annual meeting, or until their successors are duly elected and qualified, subject to their earlier resignation or removal. Each of the nominees is a current member of our board and has consented to serve if elected. For Proposal One, the election of directors, the three nominees receiving the plurality of votes entitled to vote and cast will be elected as directors.
The corporation's bylaws require that a stockholder provide advanced notice to the corporation of a stockholder's intent to nominate a person as directors. No such notice was received.... Accordingly, I declare the nominations for directors closed. The board of directors unanimously recommends that stockholders vote in favor of this proposal. The second item of business is the ratification of the appointment of KPMG LLP as the corporation's independent registered public accounting firm for the fiscal year ending January 31, 2021. The audit committee of the board of directors, which is comprised entirely of independent directors, appointed KPMG LLP as the corporation's independent registered public accounting firm to audit the corporation's financial statements for the fiscal year ending January 31, 2021. The board of directors approved the selection of KPMG LLP and has asked the stockholders to ratify the selection.
Ratification is not required by the corporation's Bylaws. However, the Board of Directors is submitting this to a stockholders, to the stockholders for ratification as a matter of good corporate governance. A majority of the votes properly cast is required in order to ratify the appointment of KPMG LLP. In the event that a majority of the votes properly cast do not ratify this appointment of KPMG LLP, the Audit Committee will reconsider whether or not to retain KPMG. We will now open the meeting for any questions. If you have a question, and have not already submitted it, please do so now using the Ask a Question field in the meeting website. We will now give everyone a moment to submit any questions they may have. Mr. Gandhi, have any questions been submitted?
No, Mr. Indig, no questions have been submitted.
The question and answer portion of the meeting is now closed. We will now proceed with the voting. Anyone who is voting by virtual ballot and has not already done so during this meeting, please click on Vote Here on the meeting website and mark your virtual ballot now. We will now give everyone a moment to mark their virtual ballots. The Inspector of Elections will not accept any virtual ballots, proxies, or votes, or any changes or revocations submitted after the closing of the polls. It is now 9:08 A.M. on July 8, 2020, and the polls for each matter to be voted on at this meeting are now closed. No additional virtual ballots, proxies, or votes, and no changes or revocations will be accepted. Inspector of Elections, please report on the preliminary results of the voting.
With regard to proposal one, the three nominees received the plurality of the votes entitled to vote and properly cast. With regard to proposal two, a majority of the votes properly cast have been voted in favor of the ratification of KPMG LLP as the corporation's independent registered public accounting firm for the fiscal year ended January thirty-first, twenty twenty-one.
Thank you, Ms. Oats. I declare that all the proposals presented at the meeting have been ratified or approved by the stockholders. The final results of voting, including any virtual ballots and proxies recorded during this meeting, will be set forth in the report of the inspector of elections and will be included in the minutes of the meeting. The final results will also be included in our reports filed with the SEC. There being no other matters for consideration at this meeting, I hereby adjourn this meeting.
The conference has concluded. You may disconnect your line.