Reach a greater number of our shareholders. We will conduct the business portion of our meeting first and answer questions at the end of our meeting. Though we may not be able to answer every question, we will do our best to provide a response to as many as possible. The polls to vote on the three proposals being considered at the meeting are now open. Any shareholder who hasn't voted yet or wishes to change their vote, may do so by clicking on the voting button on the web portal and following the instructions there. Shareholders who have sent in proxies or voted via telephone or internet and do not need to take any further action. The polls will close at the conclusion of the discussion of the proposals.
It is now shortly after 11:00 AM. Eastern Time, the meeting is officially called to order. Following a strong start to the year, I am pleased to report that the team delivered an excellent Q1 , exceeding expectations and raising our full year guidance. These results reflect the continued momentum we built throughout 2025, underpinned by our simplified platform, our strengthened balance sheet, and our clear position as a leading manufactured housing and RV operator. On behalf of the board, I want to express my sincere gratitude to Charles and the entire Sun team for their outstanding performance. Their hard work, dedication, and commitment to excellence are what drive this company forward, we could not be more proud of what they and all of you have accomplished.
We are truly grateful to everyone across the organization for their continued service and unwavering commitment to delivering for our residents, our communities, and all of our stakeholders. I would like to introduce the other nominees for election to the board, all of whom are attending today's meeting. Charles Young, Tonya Allen, Meghan Baivier, Jeff Blau, Mark Dineen, Jerry Ehlinger, Brian Hermelin, and Craig Leupold. All the nominees are currently serving directors. Also attending today's meeting are representatives of our independent auditor, Deloitte & Touche. They will be available during the question and answer session after the meeting to respond to appropriate questions. The company has appointed Stephen Irwin of our outside legal counsel, the Taft Law Firm, to act as an Inspector of Elections. Mr. Irwin is attending today's meeting and has taken the oath of Inspector of Elections earlier today.
After the formal meeting has been adjourned, we will provide time for general questions. Only validated shareholders may ask questions in the designated field on the web portal. Out of consideration for others, please limit yourself to one question. Please note that this meeting is being recorded. No one attending via the webcast or telephone is permitted to use any audio recording device. 16 March 2026 was the record date for determining shareholders entitled to vote at this meeting. An affidavit has been delivered attesting to the fact that on or about 1 April 2026, a notice of internet availability of the notice of the meeting, the proxy statement, and the 2025 annual report to shareholders or these documents themselves were mailed to all shareholders as of the record date.
On that record date, there were approximately 123.2 million shares of common stock outstanding and entitled to vote at this meeting. We are informed by the inspector of elections that approximately 94% of those shares are represented at this meeting and therefore a quorum is present for purposes of transacting business. I will present the matters to be voted upon. The polls to vote on the proposals will close after they are presented. The first proposal is the election of nine directors to serve until our 2027 annual meeting of shareholders and until their successors have been duly elected and qualified or upon their earlier resignation or removal. The following persons were nominated for election by the board as disclosed in the proxy statement. Gary Shiffman, Tonya Allen, Meghan Baivier, Jeff Blau, Mark Dineen, Jerry Ehlinger, Brian Hermelin, Craig Leupold, and Charles Young.
The second proposal is an advisory vote on executive compensation. This vote is often called a say on pay vote. It is non-binding, although the compensation committee and the board will certainly take the results of the vote into account when making future compensation decisions. The third proposal is the ratification of the selection of Deloitte & Touche as the independent registered public accounting firm to audit the company's financial statements for the year ending 31 December 2026. Now that everyone has had the opportunity to vote, I declare the polls are closed. The inspector of elections has informed me that the preliminary voting results indicate that the nominees for election to the board have been duly elected. The compensation package for executive officers has been approved.
The appointment of Deloitte & Touche as the company's independent registered public accounting firm for 2026 has been ratified. The company will report the final vote results by filing a Form 8-K with the SEC within the next few days. There being no further business to come before the meeting, the 2026 annual meeting is now adjourned. We would like to open things up for shareholder questions and comments. We will attempt to answer as many or any questions as time permits, but only questions that are relevant to the meeting will be addressed. At this time, seeing no questions in the web portal, I would like to thank everyone for attending.
The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.