Good morning, everyone. I am Dean Foate, chair of the board of directors. I want to thank you for joining this virtual meeting. Our agenda today is to first conduct the official business, and make a few prepared remarks regarding Plexus's business. At that time, we will also... vote. Please do so now, as we will close the polls in a few minutes. You may vote by clicking on the voting button. Introducing the independent directors of Plexus Corp. Joann Eisenhart, who has served on our board since 2016... 2014. Randy Martinez, who has served on our board since 2021. Joel Quadracci, who has served on our board since 2019. Paul Rooke, who has served on our board since 2018.
Michael Schrock, our Lead Director, who is in 2023. Next, I'd like to introduce the members of management who will be participating in our meeting. Angelo Ninivaggi, General Counsel, Chief Administrative Officer, and Secretary. Is Kelly Van Kira. Present from Foley & Lardner, our external counsel, is Jesse Lightman, Director of Election, to tabulate the votes. Angelo?
Thank you, Dean. We have posted rules of conduct. We will answer questions at the end of official business and remarks on the business. Only shareholders will be addressed. Out of consideration for others, we will limit each shareholder to one question. Please note that this meeting is being recorded. Any audio recording device. Now, let's begin the official business of the meeting. I have proof by affidavit that notice of this meeting has been duly given and that a proxy states shareholders of record as of the close of business on December 17, 2025, the record date for this meeting. The Inspector of Election had person or by proxy at this meeting. Since a quorum is present, we will proceed with the business of the meeting. The proxy statement lists three items for formal...
of other business matters for consideration at this meeting, and we did not receive any such notice. These will be the only items of formal business. The Sustainability Committee has selected, and the Board has nominated the 10 individuals named. Laws also require prior written notice of any other nominations for director. Since we did not receive any such notice, the nominations are closed, and the proxies will be attended the advisory vote to approve the compensation paid to Plexus's named executive officers. As an advisory vote, this proposal is not binding on Plexus. Selection of PricewaterhouseCoopers as Plexus's independent auditors for fiscal 2026. Dean?
As I mentioned, those who haven't yet voted or wishes to change their vote, may do so by clicking on the voting button on the web portal and following the instructions there. Shareholders who do not wish to change their vote, do not need to take any further action. We'll pause just a moment. Now that everyone has had an opportunity to vote, I declare the polls for the 2026 Annual Shareholder Meeting closed. Angelo?
25,702,446 shares, or approximately 96%... Each of the nominees for election as director has received support from more than the majority of the shares represented at this meeting, and therefore, each has been voted in favor of approving the compensation of Plexus's named executive officers. Therefore, the compensation of our-- Finally, more than a majority of shares represented at this meeting has been voted in favor of ratifying the selection of our independent auditor. Reporting the final vote results in a Form 8-K to be filed with the Securities and Exchange Commission within four business days. Dean?
Meeting, Plexus's Annual Meeting of Shareholders is now adjourned. Following preliminary comments by Angelo, you will have an opportunity to ask questions. Angelo?
Thank you, Dean. Before we begin, please note that our statements about Plexus's business that are subject to certain risks and uncertainties that could cause actual results to differ materially from those. Please refer to the company's periodic SEC filings, particularly the Risk Factors section of our most recent Form 10-Q and 10-K filings. Todd?
One, and thank you for attending Plexus's Annual Shareholder Meeting. Fiscal 2025 was an outstanding year for Plexus, highlighted by proposition for our customers that created the opportunity for Plexus to expand customer relationships and gain market share. Our robust and well-balanced new progression to innovating responsibly to help build a better world, and our strong financial performance with a 40 basis point expansion IC, and another year of tremendous free cash flow generation that resulted in $495 million of key- At Plexus, we are committed to boldly driving positive change and promoting a sustainable future for and through our people, our solutions. As a result, I'm thrilled to highlight the following fiscal 2025 accomplishments. Our global team members, an increase of 47% compared to fiscal 2024. During... Community Foundation.
Through a focused effort across our operations, we reduced our waste to landfill by over 30% globally in fiscal 2020. Eight of our sites reached zero waste to landfill status. We reduced absolute Scope 1 and 2 emissions by over 10% across our global manufacturing. This reduction represented the second consecutive year of exceeding our emissions reduction goal. In addition, during early FY 2025, we partnered with TNB, a utility provider in Malaysia, and joined its Green Electricity Tariff program. Electricity to our largest global campus in Penang, Malaysia. Finally, our team in Penang, Malaysia, was again receiving this recognition. Along with this honor, the team also accepted HR Asia's Sustainable Workplace Award for the second straight. In entering our 40th year as a publicly traded company, Plexus is generating significant momentum markets.
From our ongoing investments to further our industry-leading solutions and drive greater long-term operational efficiency. We will now answer questions portal. Thank you.
There appear to be no questions. On behalf of Plexus's Board of Directors and Management, I thank you for attending. The meeting has now concluded. Thank you for joining, and have a pleasant day.