Welcome to this Annual General Meeting of Stock Shareholders of Shipho Microcomputer Inc. It's now 2 p. M. And the meeting is now called to order. My name is Charles Liang.
I'm the Chairman of Labo and CEO of from Shipu Micro. This meeting is held pursuant to our loan and written notice to all shareholders. In accordance with this by law, I will be releasing over this meeting. During this meeting, any question from shareholders should pertain only to the proposal been considered. We request that if you have any such questions, Please enter and submit them in the space provided on the virtual meeting screen, and we will attempt to address appropriate questions after the proposal have been presented.
We will not be conducting general question and answer session at this year's meeting. After dealing with a few procedural matters, we will take up the items to be acted upon. Various of our directors are presented today telephonically. In addition, also present are David Wagon, Our Chief Financial Officer and Corporate Secretary, Suryan Meades of Citi Hekberg LLC, who will serve as the Inspector of Elections and Mark Farley of Dilo and Touche, our independent registered public accounting firm. Although Mr.
Fadi will not be making a general statement. He is available to respond to appropriate questions, submit in the space provided on the virtual meeting screen. I will now turn the meeting over to our Chief Financial Officer, David Wagen, who will review the requirements for the meeting and the proposal under consideration by shareholders. Debbie?
Thank you, Charles. We have an affidavit from Broadridge, a corporate services company that is assisting us with the meeting, certifying each shareholder of record and each identifiable beneficial owner as of April 14, 2021, which is the record date for this meeting was mailed on or about April 23, 2021. An official notice of this meeting, a proxy statement, a proxy card and other materials necessary to vote at this meeting and such materials are available on the website used to access this meeting. Additionally, the list of stockholders entitled to vote at this meeting has been open to the examination of stockholders at the company's executive offices for more than 10 days prior to this meeting as required by Delaware Law and is available for inspection on the website used to access this meeting by any stockholder during this meeting. Various affidavits regarding the mailing of the proxy materials and the maintenance of the stockholder lists and the oath and certificate of the inspector will be filed with the minutes of this meeting.
The named proxies for this meeting are Charles Liang and myself. If you have returned a proxy with your vote prior to the meeting, the proxy holders will vote your shares as you indicated on the proxy. After the votes for all matters are collected and tabulated, the polls will be closed, and I will ask the Inspector of Elections to provide the preliminary results of such voting. Suzanne Miller of C. T.
Hagberg LLC is hereby appointed to serve as the Inspector of Elections, and she will determine the presence of a quorum and tabulate the results of voting. She has filed an oath of office with me for inclusion in the minutes of this meeting. Ms. Miller has informed me that she has examined the proxies received prior to the meeting and has reported that more than 50% of the company's common stock outstanding and entitled to vote at this meeting are represented by proxies. Therefore, A quorum is present for the transaction of business of this meeting in accordance with our bylaws.
Since the requirements for calling this meeting have been duly observed and there are represented here more than the necessary number of shares of the outstanding common stock of our company to constitute a quorum. I hereby declare this meeting to be duly constituted for the transaction of all business. The polls for voting on all matters are open. All stockholders entitled to vote at this meeting have the ability to do so online. If you are a stockholder entitled to Please remember that if you have not already voted by proxy if you have already voted by proxy, it is not necessary to vote again by online ballot.
After voting has been completed on all matters on the agenda, The ballots will be collected and counted. The Inspector of Elections will collect any ballots submitted online during this meeting. The formal business of this meeting is listed on the notice of this meeting and proxy materials that were provided to stockholders. To briefly review the agenda items for today, we will consider 3 items. A is a proposal to elect a Class 2 Director B, a proposal to approve on a non binding basis compensation of our named executive officers and C, a proposal to ratify the Board's selection of Deloitte and Touche LLP as independent auditors for fiscal 2021.
The first matter to be voted upon is the election of the Class 2 Director. Stockholders have been asked to elect 1 Class to Director to hold office until the annual meeting following fiscal year 2023 or until her successor is duly elected and qualified. The Board of Directors recommends the election of Sarah Liu as Class 2 Director. No other nominations have been received in accordance with the company's bylaws and the nominations for Class II Director are closed. The second order of business concerns providing shareholders with the opportunity to vote to approve On a non binding advisory basis, the compensation of our named executive officers as disclosed in the proxy statement.
The Board recommends a vote for such approval and the adoption of the following resolutions by stockholders: resolved that the stockholders of Super Micro Computer Inc. Approve on an advisory basis The compensation of the company's named executive officers as disclosed in the company's proxy statement for the annual meeting pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the compensation discussion and analysis, the compensation tables and the related narrative discussion. The 3rd order of business concerns the ratification of the appointment of the company's independent registered public accounting firm. The Audit Committee of the Board of Directors has appointed Deloitte and Touche LLP as the company's independent registered public accounting firm for the fiscal year ending June 30, 2021. The Board of Directors recommends a vote for the ratification of the appointment of Doi and Touche LLP.
If you have any questions regarding proposals 1 through 3, please submit them now. There were no questions which have been submitted via the website. Pursuant to the company's bylaws, only business that has been properly brought before this annual meeting can be transacted at this annual meeting. Stockholders who wish to bring any matter of business before a meeting of the company's stockholders must comply with the requirements of our bylaws and U. S.
Federal securities laws. No stockholder provided notice with respect to any proposed business. Therefore, no other business may be transacted at this annual meeting. The vote required to approve each of the proposals is as follows: 1, the election of Class 2 Director requires as to the nominee a plurality of the votes cast by the holders of common stock present or represented by proxy and voting at this annual meeting. 2, each of the votes to approve the compensation of our named executive officers on a non binding advisory basis and to ratify the appointment of the independent registered public accounting firm requires the affirmative vote of a majority of shares present in person or represented by proxy and entitled to vote.
This concludes the discussion on proposals for today's meeting. Since all those desiring to vote have done so, I hereby declare the polls closed at 2:10 p. M. Pacific Daylight Time. According to the preliminary report of the Inspector of Elections, the nominated Class 2 Director has been elected to hold office until the annual meeting following fiscal year 2023 or until her successor is duly elected and qualified.
In addition, stockholders have approved the compensation of our named executive officers on a non binding advisory basis and have ratified the appointment of the independent registered public accounting firm. The full voting results will be reported within 4 days on a Form 8 ks which will be filed with the Securities and Exchange Commission. I will now turn over the meeting to Charles Liang, our CEO, will conclude the meeting.
Thank you for attending the meeting. This meeting is now adjourned. Thank you.