Welcome to the 2026 annual meeting of stockholders of RideNow Group, Inc. I am Michael Quartieri, chairman of the board, chief executive officer, and a candidate for election as director of the company. I will be presiding as chairman of the meeting. In attendance today are some of our executive officers, including Melissa Bengtson, chief legal officer and secretary, along with a number of our director nominees. Representatives of BDO, the company's independent auditor, are also in attendance today. Ms. Bengtson will act as secretary of the meeting. Linda Pasquale, representing Broadridge Financial Solutions, has been appointed to serve as the inspector of election for the meeting. She has signed an oath, which will be filed with the minutes of the meeting. I will now invite Ms. Bengtson to lead us through the business of the meeting.
Thank you. For this meeting, a copy of the proxy materials, annual report, and affidavit of mailing of such documents to the stockholders of the company as of the record date are available for viewing under the Meeting Materials tab on the meeting platform. Copies of these documents will be filed with the minutes of the meeting. The inspector of election has reported that there are present virtually or represented by proxy at the meeting the holders of more than one-third of the 50,000 shares of Class A common stock and 38,499,584 shares of Class B common stock outstanding and entitled to vote at the meeting. There is, therefore, a quorum present, and the meeting is competent to transact business. We will now introduce the items of business to be voted on today.
The first order of business is the election of nine members of the company's board of directors to serve until the next annual meeting of stockholders. The nine nominees for director are set forth and described in detail in the company's proxy statement. No other nominees have been properly received. The second order of business is the approval on an advisory, non-binding basis of the compensation of the company's named executive officers. The third order of business is the ratification of the appointment of BDO as the independent registered public accounting firm for the company for the fiscal year ending December 31st, 2026. Having introduced all three proposals, we will now proceed to the balloting. The polls are now open. If you have signed and returned a proxy, your shares will be voted in accordance with your instructions.
If there are any stockholders of record who will be voting their stock today other than by proxy, please do so now. To cast your vote, please click Vote Here on the meeting platform. We will now pause for a brief voting period to allow stockholders to submit their electronic ballots. The voting period has now concluded. I hereby declare that the polls are now closed. The inspector will tabulate the votes. Based on the preliminary voting results, we believe that stockholders have voted as follows. The nominees for director named in the proxy statement have been elected. The compensation of the company's named executive officers has been approved on an advisory basis. The appointment of BDO as the independent registered public accounting firm for the company for the fiscal year ending December 31st, 2026, has been ratified.
In accordance with the voting, I declare that the nominees for election as director have been duly elected to serve until the annual meeting of stockholders of the company to be held in 2027 and until their respective successors are duly elected and qualified. The compensation of the company's named executive officers has been duly approved on an advisory, non-binding basis. The appointment of BDO as the independent registered public accounting firm for the company for the fiscal year ending December 31st, 2026, has been duly ratified. The inspector of election is directed to prepare a report for the vote of the matters considered at today's meeting, which will be filed with the minutes of this meeting. We will file a Form 8-K with the SEC announcing the final voting results after we receive the final report from the inspector of election.
Thank you. The formal business of the meeting has now concluded. I therefore declare the meeting adjourned. Thank you very much for your attendance today and for your interest in RideNow. We hope to see you all again next year.
This now concludes the meeting. Thank you for joining. Have a pleasant day.