Good morning, ladies and gentlemen. Thank you for being with us today, and welcome to the Sabre Corporation 2022 Annual Meeting of Stockholders. I am Karl Peterson, Sabre's Chairman of the Board, and I will chair the meeting today.
After that, Sean will provide a business review, and then finally, we will have a report on the results of the voting and the proxy statement proposals. The items properly submitted for consideration at this meeting are: the proposal for the election of the 10 directors named in the proxy; the ratification and appointment of our independent auditors; approval of the 2022 Director Equity Compensation Plan; and approval of the advisory non-binding vote on the compensation of our named executive officers.
We provided the following materials to each stockholder of record as of the record date, March 1, 2022: proper notice of this meeting and access to copies of the 2022 Proxy Statement and 2021 Annual Report.
In order to provide a fair and informative meeting, we have established these rules and procedures, and we appreciate your cooperation. We will introduce each of the four proposals set forth in the proxy statement and identified on the agenda. After the four proposals have been presented, we will answer the questions submitted.
If you provided your proxy or voted by telephone or the internet, your shares will be voted by the proxy committee as you directed.
In addition, we will be presenting certain non-GAAP financial measures; the most directly comparable GAAP measures and reconciliations are available in the presentation appendix, as well as in our earnings releases at investors.sabre.com. Now, I will turn the meeting over to Sean Menke, our Chief Executive Officer.
Thank you, Steve, and welcome to our 2022 Annual Meeting of Stockholders. We will first consider and vote on the proposals in our proxy statement. I will then provide comments on our business, and finally, Steve will report on the results of today's vote.
I would like to note that Gary Kusin has retired from the board of directors today. On behalf of the board and management, I want to thank Gary for his service and we wish him well. On behalf of the board and its Governance and Nomination Committee, I declare that each of the 10 individuals named in our proxy statement has been properly nominated for a one-year term.
The next order of business is Proposal 4: approval of the advisory non-binding vote on the compensation of our named executive officers. We will now open the floor for general discussion.
I now declare that the polls are closed. While the Inspector of Election completes the vote tabulation, I will comment briefly on our business performance for 2021. Like most companies, we have dealt with numerous unpredictable challenges over the past two years of the pandemic.
Let me now touch on what I consider to be the most important aspects of the investment case for Sabre. We believe Sabre is an attractive travel economy investment opportunity in the near term. As I outlined, the demand for travel has been strong.
On our last earnings call, we stated that by investing in the mainframe offload and migration to Google Cloud, we would save approximately 50%, or $200 million to $250 million.
Finally, I would like to thank our team members around the world. I appreciate their exceptional efforts to serve our customers while executing our transformation to help enable a new marketplace for personalized travel. I will now turn the meeting over to Steve to report on the voting results.
Thank you, Karl. First, the results I am about to announce are preliminary. We will file the final results with the SEC on a Form 8-K within four business days.
Thank you, Steve. On behalf of the board of directors, the entire management team, I'd like to thank you for your attendance today and your continued support of Sabre. The meeting is now adjourned.