2025 Annual Meeting of Stockholders. I would like to introduce our presenter, Mr. Sridhar Ramaswamy, Snowflake's Chief Executive Officer and the Chairperson of today's meeting. Mr. Ramaswamy, I'll turn the meeting over to you.
Thank you. The meeting will now officially come to order. The time is now 9:00 A.M. Pacific on Wednesday, July 2nd, 2025, and the polls are open for voting on all matters to be presented. We are hosting today's meeting through a virtual online platform provided by Broadridge. Before we proceed with the formal business of the meeting, I'd like to welcome the other members of our Board of Directors and introduce the other members of the team who are with us today: Mike Scarpelli, our Chief Financial Officer, and Derk Lupinek, our General Counsel and Secretary, who will act as Secretary of today's meeting. I'd also like to introduce Dirk Tissera from PwC, our independent registered public accounting firm, who's available to respond to appropriate questions. We will now proceed with the formal business of the meeting.
After the proposals have been presented, we will take appropriate questions and then announce preliminary voting results. We ask that you follow the posted rules of conduct so that we have a fair and orderly meeting. As long as we have time, we will answer questions that are relevant to the proposals presented at the meeting. Please submit your questions now to make sure they're received in time. As I mentioned earlier, the polls are open for voting on all matters to be presented. After I describe each item to be voted on, we will close the polls. We will not accept ballots, proxies, revocations, or changes after the polls are closed. If you have already submitted your vote by proxy and do not wish to change your vote, you do not need to vote now, and your shares will be voted as previously instructed.
If you intend to vote and have not already done so, you must submit your vote online now for it to be counted. I'd like to introduce Laura Cisneros, our Inspector of Election for this meeting, who will tally the final votes. Laura has told me that we have a quorum for today's meeting. Laura has taken the customary oath of office, and we will file this oath with the records of the meeting. Our bylaws provide that the presence, in person or by proxy, of a majority of the voting power of the outstanding shares of our common stock entitled to vote at the meeting will constitute a quorum.
There were approximately 333,657,993 shares of our Class A common stock outstanding and entitled to vote on the record date, and Laura has informed me that proxies have been received for approximately 278,731,484 shares, or approximately 83.5% of the shares outstanding, which constitutes a quorum for today's meeting. Each share of Class A common stock is entitled to one vote. There are five proposals to be considered by the stockholders at this meeting. The first proposal is the election of three Class II directors to serve until the 2028 Annual Meeting of Stockholders and until their successors are duly elected and qualified. The nominees for Class II director are Kelly Kramer, Frank Slootman, and Mike Speiser. For the reasons stated in our proxy statement, our Board of Directors recommends that you vote for the election of each of these nominees.
The second proposal is the approval on a non-binding advisory basis of the compensation of our named executive officers. For the reasons stated in your proxy statement, our Board of Directors recommend that you vote for this proposal. The third proposal is the ratification of the appointment of PwC as our independent registered public accounting firm for the fiscal year ending January 31st, 2026. For the reasons stated in our proxy statement, our Board of Directors recommends that you vote for this proposal. The fourth proposal is the approval of an amendment to our Certificate of Incorporation to declassify our Board of Directors. For the reasons stated in our proxy statement, our Board of Directors recommends that you vote for this proposal.
The fifth proposal is the approval of an amendment to our Certificate of Incorporation to remove references to Class B common stock and rename Class A common stock to common stock. For the reasons stated in our proxy statement, our Board of Directors recommends that you vote for this proposal. No other matters have been presented to be considered at today's meeting. If you have not already voted or if you want to change your vote, please do so online now as the polls will close momentarily. Proxies, votes, or any changes or revocations submitted after the closing of the polls will not be accepted. We will now review whether any questions have been submitted that are relevant to the proposals. Are there any questions germane to the proposals presented at the meeting?
We have received no questions. You may proceed.
Thank you. The time is now 9:07 A.M. Pacific Time, and the polls are now closed for voting. The proxies and ballots will be tabulated by the Inspector of this election. Based upon preliminary information provided by the Inspector of Election, I can report that each of Kelly Kramer, Frank Slootman, and Michael Speiser is elected as a Class II director. The advisory proposal on compensation of our named executive officers is not approved. The proposal to ratify the appointment of PwC as our independent registered public accounting firm for the fiscal year ending January 31st, 2026 is approved. The proposed amendment to our Certificate of Incorporation to declassify our Board of Directors is not approved, and the proposed amendment to our Certificate of Incorporation to remove Class B common stock and rename Class A common stock is approved.
We expect to report our final results within four business days after this meeting on a Form 8-K. The Annual Meeting is now adjourned. Thank you for attending.
This now concludes the meeting. Thank you for joining, and have a pleasant day. You may now disconnect.