Good morning, ladies and gentlemen. Thank you for attending this virtual meeting. I'm Suresh Krishna, President, Chief Executive Officer, and Director of Proto Labs, and it's my pleasure to welcome all of you to our 2026 annual meeting of shareholders. Thank you for joining us today. It's approximately 8:30 A.M. Central Time, and in accordance with the notice of the meeting and at the request of our Chairman, I call this meeting to order. I would like to introduce the other Directors of the company who are in attendance and logged into this virtual meeting. Archie C. Black, Sujeet Chand, Moonhie Chin, Rainer Gawlick, Donald G. Krantz, and Sven A. Wehrwein. Also in attendance is Dan Schumacher, the company's Chief Financial Officer, who the company has duly appointed as the Inspector of Election for today's meeting. March 24th, 2026 was designated as the record date for this meeting.
The notice of annual meeting and proxy statement were mailed to shareholders of record in advance of the meeting, and an affidavit of mailing will be included in the minutes of today's meeting. The holders of at least a majority of the shares of common stock outstanding on the record date and entitled to vote at this meeting are represented here today. Accordingly, a valid quorum is present. Additionally, shareholders may ask questions electronically during the meeting by submitting questions in the field provided in the web portal. Appropriate questions received during the meeting related to matters for shareholder vote will be addressed before the polls are closed for voting. General questions regarding company will be addressed following adjournment of the formal business of the annual meeting.
The first item to be considered is the election of seven directors, each to serve until the election of directors at the 2027 annual meeting of shareholders. The board of directors has nominated Archie Black, Sujeet Chand, Moonhie Chin, Rainer Gawlick, Don Krantz, Sven A. Wehrwein, and me as directors, and recommends a vote in favor of electing each of them. The second item is the ratification of the selection of Ernst & Young LLP as the company's independent registered public accounting firm for the current fiscal year that began on January 1st, 2026, and will end on December 31st, 2026. The audit committee of the board of directors has appointed Ernst & Young, and the board recommends a vote in favor of ratifying such appointment.
The third item is a vote on an advisory basis to approve the compensation of Proto Labs named executive officers disclosed in the proxy statement for this meeting. The board recommends a vote in favor of approving such compensation. The fourth item is a vote on an advisory basis on the frequency of future advisory votes on executive compensation. The board recommends a vote for one year on the proposal. The fifth item is a vote to approve the amendment to the amended and restated Proto Labs, Inc. 2022 Long-Term Incentive Plan to increase the number of shares available for issuance under the plan. The board recommends a vote in favor of approving such amendment. The votes are now open for voting. The polls are now open for voting on the items properly brought for consideration at today's meeting.
For shareholders voting online, please log in as a shareholder on the web portal and vote now. If you have previously returned a proxy, you do not need to do anything at this time. We will now pause for voting and will address any questions related to matters for shareholder vote. We have received no questions, and the polls are now closed. The Inspector of Election has advised me that the preliminary tabulation of votes cast at today's meeting is complete, and I am pleased to announce the following results. The election of seven director nominees has been approved by the requisite vote of the shareholders. Proposal two, the ratification of the selection of Ernst & Young LLP as the company's independent registered public accounting firm for 2026 has been approved by the requisite vote of the shareholders.
Proposal three, the advisory vote to approve the compensation of Proto Labs named executive officers disclosed in the proxy statement for this meeting, has been approved by the shareholders. Proposal four, shareholders selected one year for the advisory vote on the frequency of future advisory votes on executive compensation. Proposal five, the amendment to the amended and restated Proto Labs 2022 Long-Term Incentive Plan has been approved by the requisite vote of the shareholders. The exact vote totals will be certified by the Inspector of Election and incorporated in the minutes of today's meeting. Thank you for your participation. We have received no additional questions, and there's, therefore, this concludes today's meeting. Thank you.