Hello, and welcome to the 2020 annual meeting of shareholders of Snap-on Incorporated. Please note this meeting is being recorded. It is now my pleasure to turn today's meeting over to Rich Miller, Vice President, General Counsel, and Secretary of Snap-on Incorporated. Mr. Miller, the floor is yours.
Thank you. Good morning, and welcome to Snap-on Incorporated's 2020 annual meeting of Shareholders. My name is Rich Miller. I'm Vice President, General Counsel, and Secretary of Snap-on, and I will be acting as the parliamentarian for today's meeting. Events have changed quite significantly since Snap-on mailed its notice and proxy statement to shareholders for this meeting. Today's meeting is our first virtual meeting of shareholders. As such, it is being conducted online via a live webcast. Unfortunately, no shareholders are able to be in attendance in person today. Our move away from an in-person meeting this year is due solely to the public health impacts of the COVID-19 pandemic and the health and safety concerns for our shareholders, associates, retirees, franchisees, as well as their families and communities. 2020 represents an important year for Snap-on as we celebrate our 100th anniversary this year.
We had hoped this annual meeting would be a key part of the celebration of our centennial year, a year in which we celebrate the makers and fixers who perform critical tasks and keep the world moving forward. We will carry on together, and we will look forward to seeing many of you at an in-person 100th anniversary gathering at a later date. Now, on to the formal business of the meeting. At this time, I call the 2020 Annual Meeting of Shareholders to order. I call your attention to the rules of order for this meeting. These rules are available on the left side of your screen. We request that you abide by these rules. Links to the annual meeting materials are also included on the left side of your screen. It is now 11:24 A.M. on April 23rd, 2020, and the polls are officially open.
Representatives from Computershare who will be acting as Inspector of Elections for this meeting are in attendance. If you have not voted or wish to change your vote, you may do so now by clicking on the link provided in the online meeting center. Any shareholder who has already voted and does not want to change their vote need not take any further action.
Attending today's meeting are the following board members: David C. Adams, Chairman and CEO of Curtiss-Wright Corporation, Karen L. Daniel, retired Division President and Chief Financial Officer of Black & Veatch Corporation, Ruth Ann M. Gillis, retired Executive Vice President and Chief Administrative Officer of ExxonMobil Corporation, James P. Holden, Snap-on's Lead Director and retired President and Chief Executive Officer of DaimlerChrysler Corporation, Nathan J. Jones, retired President, Worldwide Commercial and Consumer Equipment Division of Deere & Company, Henry W. Knippel, retired Chairman of the Board and Chief Executive Officer of Regal Beloit Corporation, W. Dudley Lehman, retired Group President of Kimberly-Clark Corporation, Greg M. Sherrill, Chairman of the Board and former CEO of Tenneco Inc., Donald J. Steppins, retired President and Chief Executive Officer of Superior Industries International, and Nicholas T. Pinchuk, Chairman of the Board, President and Chief Executive Officer of Snap-on.
Also attending the meeting today are Eric Kuy, Sandy Heft, and Emily Von Drum representing our auditors, Deloitte & Touche LLP. They will be available to answer questions following the meeting if needed. We have an affidavit that notice of this meeting was mailed as required on March 11th, 2020, followed by a press release on April 6th, 2020, announcing the change of the meeting to this virtual format. These documents will be incorporated into the meeting minutes. I now ask the Inspectors of Election to please confirm that all votes have been counted.
I can confirm that all the votes have been counted.
Thank you, John. It is now 11:26 A.M., and the online voting is now officially closed. I have been advised by our Inspectors of Election that we have a quorum with more than 86% of all outstanding shares represented at this meeting. 54,687,474 shares of Common Stock, each having one vote on each proposal, are entitled to vote at this meeting. Voting results are stated as a percentage of the stock represented at the meeting unless otherwise noted. We have three items of official business on today's agenda. Our first item is the election of directors. The board has nominated the following candidates to serve until the 2021 annual meeting: David C. Adams, Director since 2016; Karen L. Daniel, Director since 2005; Ruth Ann M. Gillis, Director since 2014; James P. Holden, Director since 2007; Nathan J. Jones, Director since 2008; Henry W. Knippel, Director since 2011; W. W.
Lehman, Director since 2003; Nicholas T. Pinchuk, Director since 2007; Greg M. Sherrill, Director since 2010; and Donald J. Steppins, Director since 2015. Each of these director nominees received votes in their favor of at least 92% of the shares represented, and each has therefore been duly elected. Our second item of business is the ratification of the Audit Committee's selection of Deloitte & Touche LLP as the company's independent registered public accounting firm for 2020. Over 96% of the shares represented voted in favor of this proposal. Therefore, the Audit Committee's selection of Deloitte & Touche has been ratified. The last item of business is the advisory vote to approve the compensation of Snap-on Incorporated's named executive officers as disclosed in the proxy statement. As an advisory vote, this proposal is not binding on Snap-on.
The resolution being presented for the shareholder approval was set forth in detail in the proxy statement. Since over 78% of the votes cast voted for the approval of the compensation of Snap-on's named executive officers, the non-binding resolution is hereby approved. This completes our official business. It is now 11:40 A.M., and the meeting is adjourned. For anyone interested in more information about the company's recent performance, the transcript of the investor conference call from this past Tuesday, April 21st, is posted on the company's website at the quarterly earnings tab under the investor section. Before we sign off, I would like to say on behalf of the company and everyone based here at the Kenosha headquarters that we look forward to seeing many of you at an in-person 100th anniversary gathering later in the year, or if not, then at our annual meeting in 2021. Until then, please take care of yourselves and your families. Stay safe and healthy. Thank you, and see you next year, if not before. Okay.