Hello, and welcome to the annual meeting of shareholders of SITE Centers Corp. Please note that today's meeting is being recorded. It is now my pleasure to turn today's meeting over to the President and Chief Executive Officer of SITE Centers, Mr. David Lukes. Mr. Lukes, the floor is yours.
Thank you. Good morning, ladies and gentlemen. My name is David Lukes. I am President, Chief Executive Officer, and a Director of SITE Centers Corp, and I will act as Chairman of today's annual meeting of shareholders. Before attending to the formal business at hand, I want to take this opportunity to welcome you and thank you for attending today's annual meeting. I would also like to take this opportunity to acknowledge the other Directors and Officers of the company who are in attendance at today's meeting. Directors Dawn Sweeney, Chair of the Board, Gary N. Boston, John M. Cattonar, and Cynthia Foster Curry. Officers, Chief Financial Officer Gerry Morgan, and General Counsel and Secretary Aaron M. Kitlowski. I would also like to acknowledge Bill Staffieri, a Partner of PricewaterhouseCoopers LLP, the company's independent public registered accountant.
Mr. Staffieri is in attendance at today's meeting and is available to respond to any questions you may have during the general Q&A session at the conclusion of the meeting. Mr. Morgan will act as inspector of election, and Mr. Kitlowski will act as secretary for today's meeting. I would also like to note that Computershare, the company's transfer agent, coordinated the tabulation of the proxy votes for today's meeting. In order to provide a fair and orderly meeting, we will conduct the meeting in accordance with the agenda and rules of conduct which have been posted to the meeting website. During the meeting, shareholders will have the opportunity to submit questions relating to the meeting agenda by clicking on the Q&A tab on the meeting page. We will do our best to respond to questions during the Q&A session at the conclusion of the meeting.
Please note that we do not intend to answer questions that are unrelated to the proposals to be taken up at this meeting or for which answers are clearly provided in the company's proxy statement. For an update on our business, we invite shareholders to review our press release regarding first quarter results issued on May 7th, which can be found on the investors page of our website. You are entitled to vote and submit questions at the meeting if you are a shareholder of record as of the close of business on March 16th, 2026, or hold a legal proxy for the meeting provided by your bank, broker, or nominee. If you have already sent in your proxy card or voted by internet or telephone, you don't need to vote at today's meeting.
If you haven't voted yet or you would like to change your vote, you can do so through the website used to access this meeting. A list of the shareholders of the company's common shares at the close of business on the record date is available for examination by registered shareholders through the meeting website. A notice of the availability of proxy materials was mailed on March 31st, 2026 to each shareholder of record as of the close of business on March 16th, 2026. I direct the secretary to cause the affidavit of an officer of Computershare showing the timely mailing of this notice to be filed with the records of the company.
The inspector has reported that at least 47,701,014 common shares are represented at the meeting out of a total of 52,474,874 common shares outstanding entitled to vote. Therefore, a quorum is present. In accordance with the notice of the meeting, the first order of business is the election of five directors. The board of directors has nominated each of the following five individuals to serve as directors of the company until the expiration of their term and until a successor is duly elected and qualified or until their earlier resignation, removal from office, or death. Gary Boston, John Cattonar, Cynthia Foster Curry, David Lukes, and Dawn Sweeney.
The second order of business is to vote on a proposal to amend the company's Amended and Restated Code of Regulations to increase director terms to three years. The third order of business is to vote on a proposal to amend the company's Amended and Restated Code of Regulations to replace the existing majority voting power quorum requirement. The fourth order of business is to vote on a proposal to approve, on an advisory basis, the compensation of the company's named executive officers. The fifth order of business is to vote on a proposal to ratify PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the company's fiscal year ending December 31st, 2026 .
These proposals are described in detail in the company's proxy statement. The board recommends that the shareholders vote for each of the director nominees named in proposal one and for proposals two, three, four, and five . The polls are now open for voting on the matters to be considered at this meeting. Shareholders of record and their beneficial owners holding a legal proxy from their broker may vote on the meeting website at this time. Let me remind you that if you have already voted, there is no need for you to vote on the website unless you wish to change your vote. We will wait a moment for shareholders to submit any final votes. I now declare the polls closed and would ask the inspector of election to tabulate the votes and report to the secretary.
The inspector of election has performed a preliminary vote count and has reported that the shareholders have voted to elect each of the five director nominees to the company's board of directors, to approve an amendment to the company's amended and restated code of regulations to increase director terms to three years, to approve an amendment to the company's amended and restated code of regulations to replace the existing majority voting power quorum requirement, to approve, on an advisory basis, the compensation of the company's named executive officers, and to ratify PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the company's fiscal year ending December 31st, 2026. I direct the secretary to file the report of the inspector of election with the records of the company.
In the coming days, the company will file a Form 8-K with the Securities and Exchange Commission in order to report the final tabulation of votes cast on matters brought before today's meeting. Now that we have concluded the formal portion of the meeting, I'm happy to answer any questions relating to the business of this meeting that anyone wishes to ask. Questions can be submitted by clicking on the Q&A tab of the website used to access this meeting. We will briefly pause in order to receive and assemble questions. There being no questions, this concludes the meeting. Operator?
This concludes the meeting. You may now disconnect.