Good afternoon. My name is Elizabeth Spaulding, and as CEO of Stitch Fix and a member of the board of directors, I will serve as the chair of the 2021 annual meeting of stockholders. Before I call the meeting to order, I'd like to take this opportunity to introduce to you the members of the board and management team who are joining us virtually today. In addition to myself, the other members of the board participating today are Katrina Lake, Bill Gurley, Marka Hansen, Sharon McCollam, Neil Mohan, Kirsten Lynch, Mikkel Svane, Mike Smith, and Elizabeth Williams. The other members of the management team participating today are Dan Jedda, our CFO, Scott Darling, Chief Legal Officer and Corporate Secretary, Tani Shelburne, VP Investor Relations and Treasury, and Sarah Barkema, Chief Accounting Officer.
I would also like to introduce Derek Standifer and Jenna Taylor of Deloitte & Touche LLP, the company's auditors, who are also participating today. The meeting will now officially come to order. I will ask Scott Darling to proceed with the formal business of the meeting as set forth in your notice of annual meeting and proxy statement.
Thanks, Elizabeth. We're excited to be hosting our virtual meeting, which allows us to reach a greater number of stockholders. After the formal part of our meeting, we will be available for questions if you may have. If you have a question, please type your name, email address, and your question into the Ask a Question box on the Web portal and click Submit. I have a complete list of the stockholders of record of the company's Class A and Class B common stock on October 18, 2021, the record date for this meeting. I also have an affidavit certifying that commencing on November 3, 2021, a notice of annual meeting of stockholders was mailed to all stockholders of record at the close of business on October 18, 2021.
At this time, I'd like to introduce Kathy Weeden, who has been appointed to act as inspector of election at this meeting. She has taken and subscribed the customary oath of office to execute her duties with strict impartiality. We will file this oath with the records of this meeting. Kathy's function is to decide upon the qualifications of voters, accept their votes, and when validating on all matters is completed, to tally the final votes. I have been informed by the inspector of election that proxies have been received for 324,009,177 votes of the 340,372,362 votes of Class A and Class B common stock outstanding on the record date, which represents approximately 95% of the total number of outstanding votes. This constitutes a quorum for this meeting today, and we may now carry out the official business of the meeting.
We'll now proceed with the formal business of this meeting. There are three proposals to be considered by the stockholders of this meeting. The time is now 3:03 P.M. Pacific Time on December 15, 2021, and the polls are now open for voting on all matters to be presented. The polls will be closed to voting after we go through the matters to be voted on. If any stockholder has a question regarding any of the following proposals, please type your name, email address, and your question into the Ask a Question box on the web portal and click Submit. The first item of business is the election of three Class I directors to serve until the 2024 annual meeting and until their successors are elected. The nominees for Class I director are Katrina Lake, Sharon McCollam, and Elizabeth Williams.
The second item of business is the advisory vote on the compensation of the company's named executive officers as disclosed in the proxy statement. The stockholders have been asked to approve on an advisory basis the compensation of our named executive officers. The third item of business today is the ratification of the selection by the audit committee of the board of directors of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending July 30, 2022. That was the final proposal for today's meeting. I will now describe the voting procedures. Any stockholder who hasn't yet voted or wishes to change their vote may do so by clicking on the Vote Here button on the web portal and following the instructions there.
Stockholders who have sent in proxies or voted via telephone or internet and do not want to change their vote do not need to take any further action. Each share of Class A common stock is entitled to one vote, and each share of Class B common stock is entitled to 10 votes. Now that everyone has had the opportunity to vote, the time is now 3:05 P.M. Pacific Time, and the polls are now closed for voting. The preliminary report of the inspector of election covering the proposals presented at this meeting is as follows. The proposal to elect Katrina Lake, Sharon McCollam, and Elizabeth Williams as Class I directors of the company is carried. The advisory vote on executive compensation is approved. The selection of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending July 30, 2022, is ratified.
We expect to report our preliminary voting results or, if available to us on a timely basis, our final voting results on a current report on Form 8-K to be filed with the SEC within four business days after the end of this meeting. If not reported earlier, we expect to report our final voting results and an amendment to our Form 8-K within four business days after the final results are known to us. With that, I'll hand it over to Elizabeth.
Thank you, Scott. With no further business, I hereby adjourn today's meeting. We will now see if there are any questions for management. If there are questions we can't get to today, please email our investor relations team at ir@stitchfix.com so we can respond appropriately.