Welcome to the 2020 Annual Meeting for Stitch Fix, Inc. Our host for today's call is Katrina Lake, Chair of the Board, Founder, and CEO. At this time, all participants will be in a listen-only mode. I will now turn the call over to your host, Katrina Lake. You may begin.
Good afternoon. My name is Katrina Lake, and as Chair of the Board, Founder, and CEO of Stitch Fix, I will serve as the Chair of this 2020 Annual Meeting of Stakeholders. Before I call this 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 Kirsten Lynch, Mikkel Svane, Steve Anderson, Marka Hansen, Sharon McCollam, Mike Smith, and Liz Williams. The other members of Management participating today are Elizabeth Spaulding, President, Dan Jedda, Chief Financial Officer, Scott Darling, Chief Legal Officer and Corporate Secretary, Steve Wehr, VP Controller, and David Pearce, VP Strategic Finance, Investor Relations, and Treasury.
I would also like to introduce Derek Sandifer 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, Katrina. 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 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 19, 2020, the record date for this meeting. I also have an affidavit certifying that, commencing on November 4, 2020, a Notice of Annual Meeting of Stockholders was deposited in the U.S. mail to all stockholders of record at the close of business on October 19, 2020.
At this time, I'd like to introduce Kathy Wheaton, who's been appointed to act as Inspector of Elections 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 balloting on all matters is completed, to tally the final votes. I've been informed by the Inspector of Elections that proxies have been received for 483,360,803 votes of the 499,209,403 votes of Class A and Class B Common Stock outstanding on the record date, which represents approximately 97% of the total number of outstanding votes. This constitutes a quorum for the meeting today, and we may now carry on the official business of the meeting. We will now proceed with the formal business of the meeting.
There are three proposals to be considered by the stockholders at this meeting. The time is now 1:33 P.M. on December 16, 2020, 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 submit your question to the Ask a Question box on the web portal and click Submit. The first item of business is the election of three Class III directors to serve until the 2023 Annual Meeting and until their successors are elected. The nominees for Class III directors are J. William Gurley, Kirsten Lynch, and Mikkel Svane.
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 31, 2021. I'll pause for any questions. Okay. 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 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 1:35 P.M. Pacific Time, and the polls are now closed for voting. The preliminary report of the Inspector of Elections covering the proposals presented at this meeting is as follows. The proposal to elect J. William Gurley, Kirsten Lynch, and Mikkel Svane as Class III 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 31, 2021, is ratified.
We expect our report 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 turn it back to Katrina.
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. Well, it appears that we don't have any questions today, so this meeting is concluded. Thank you for joining us.
Thank you.
This now concludes the meeting. Thank you for joining, and have a pleasant day.