Welcome to the
2020 annual meeting for Super Micro Computer, Inc. Our host for today's call is Charles Liang, At this time, all participants will be in a listen only mode. I will now turn the call over to your host, Mister Liang. You may begin, sir.
Thank you. Welcome to this NER CNO meeting of the shareholders of Supermango Computer Inc. It is now 2 pm, and the meeting is now called to order. My name is Charles Leah. I'm the chairman Ola Bo and CEO of Chipu Micro.
This meeting is a fair pursuant to our by those and the written notice to all shareholders. In accordance with these by those, I will be proceeding over this meeting. During the meeting and the question from shareholders to pertain only to the proposed been considered. We requested that, do you have any such questions, please enter and submit and submit events in a space provided on the virtual meeting screen. And we will attempt to address a properly question after the proposed vaccine project.
We will not be conducting a general questions and answer section as of this year's meeting. All the things we serve you, procedural matters we will take up the items to BX upon. Most of our directors are present today data clinically. In addition to also a shipment to an antibody representing person, Kevin Bauer, our Chief Financial Officer, and corporate and secretary. I saw some media of CT Temple at our LLC who wears the as the Inspector of Elections and the Chris Briefy of evaluating Twitch our independent registered public accounting firm.
Although, Mr. Griffin will not be making a general statement. Is available to respond to appropriate questions. We submit in the space provider on the virtual meeting soon. I will now turn the meeting over to our Chief Financial Officer, Kevin Powell.
Who we have to view and, the requirement for the meeting and the proposal under the consideration, my shareholders. Kevin.
Thank you, Charles. We have an affidavit from Broadridge, a corporate services company that is assisting us with the meeting. Certifying that each stockholder of record and each identifiable beneficial owner as of April 8th 2020, which is the record date for this meeting, was mailed on or about April 21, 2020 and official notice of this meeting, a proxy card, and other materials necessary to vote at this meeting. And such materials are available on The list of stockholders entitled to vote at this meeting has been open to the examination of stockholders at the company's executive offices, from 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 material 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 your proxy card, The proxy holders will vote your shares as you indicated on the proxy card. After the votes for all matters are collected and tabulated, The polls will be closed and I will ask the Inspector elections to provide the preliminary results of such voting. Suzanne Miller of CT Hedberg 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 the 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. If you are a stockholder entitled to vote and have not yet voted or if you want to change your previously cast vote, Please do it is not necessary to vote again by online ballot. After voting has been completed on all matters on the agenda, They cap the ballots will be collected and counted. The Inspector elections will collect any ballots submitted online during this meeting.
The formal business of this meeting is listed in the notice of this meeting and proxy materials that were provided to stockholders. To briefly review the agenda items A proposal to elect directors B, a proposal to approve on a non binding basis, executive compensation, D, a proposal to ratify the board's selection of Deloitteent Touch LLP as independent auditors for fiscal 2020, and D, a proposal to approve the Super Micro Computer, Inc. 2020, equity and incentive compensation plan. The first matter to be voted upon is the election of the directors because the company is not held an annual meeting for the election of directors since the annual meeting following fiscal 2016. At this meeting, stockholders have been asked to elect A, 3 class I directors to hold office until the annual meeting following fiscal year 2022, B, reclass 2 directors to hold office until the annual meeting following fiscal year 2020, and C2 class 3 directors told Office until the annual meeting following fiscal year 2021.
In each case, The Board of Directors recommends the election of the following nominees, a, each of Charles Liang, Selli Liu and Sherman Duane as class 1 directors B, each of Sarah Liu, Michael S. McAndrews, and Fred Wayne Ming Tsai as class 2 directors and each of Daniel W. Fairfax and Sarias Son, as Class III Directors. No other nominations have been received in accordance with the company's bylaws, and the nominations for the directors are closed. The second order of business concerns providing stockholders with the opportunity to vote To approve on a non binding 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 resolution by stockholders. Resolved that the stockholders of Super Micro Computer, Inc. Approved 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 Deloitteent Touch LLP as the company's independent registered public accounting firm for the fiscal year ending, June 30, 2020. The fourth quarter of business is a proposal to approve Super Micro Computer, Inc.
Equity and incentive compensation plan. Previously upon the recommendation of the compensation committee, The Board of Directors approved and adopted, subject to the approval of the company's stockholders at the annual meeting, with Super Micro Computer, Inc. 2020, equity and incentive compensation plan. The Board of Directors recommends a vote for the approval of Super Micro Computer in 2020 equity and incentive compensation plan. If there are any questions regarding proposals 1 through 4, please submit them now.
There are no questions with 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 meeting of the company's stockholders must comply to any proposed business. Therefore, no other business may be transacted at this meeting. The vote to be required to approve each of the proposals is as follows.
The election of directors requires as to each nominate, a plurality of the votes cast by the holders of common stock present or represented by proxy and voting at this annual meeting. Each of the votes to approve executive compensation on a non binding basis, ratify the appointment of the independent registered public accounting firm and approved the super microcomputer in 2020 equity and incentive compensation plan. Requires the affirmative vote of a majority of shares present in person, but represented by proxy and entitled to vote. This concludes the discussion on proposals for today's Since all those desiring to vote have done so, I hereby declare the polls closed, at 2:12 pm Pacific daylight. According to the preliminary report of the Inspector of Elections, the Nominated Class I directors Class 2 directors and class 3 directors have been elected to hold office for their respective terms until their successes are duly elected and qualified.
In addition, stockholders approved executive compensation on a non binding advisory basis, ratified the appointment of the independent registered public accounting firm and approved the Super Micro Computer, Inc. 2020 equity and incentive compensation plan. I will now turn over the meeting to Charles Leon, our CEO, who will conclude the meeting. Thank you, Caitlin.
With the deposit within 4,000,000,000 in space on Form Eight K, which will be filed with the activities and exchange commission. Thank you for attending the meeting. This meeting is now adjourned.
This now concludes the meeting. Thank you for joining, and have a pleasant day.