Good day, and welcome to the Synaptics Incorporated annual meeting of stockholders. I would now like to turn the conference over to Rick Bergman, President and Chief Executive Officer. Please go ahead.
Will the meeting please come to order? I am Rick Bergman, President and Chief Executive Officer of Synaptics. I will be presiding at this meeting. Along with my fellow directors and executive officers of the company, I would like to welcome you to our annual meeting of stockholders. This has been an amazing year for Synaptics, and we remain very excited about the future of our company. We appreciate your attendance, your interest, and most importantly, your support of Synaptics. This annual meeting of the stockholders is held pursuant to the bylaws of the company and written notice to all stockholders. You are participating in the meeting virtually. We request that if you have questions, please enter and submit them in the space provided on the virtual meeting screen. During the annual meeting, questions from stockholders should pertain to the proposals being considered at that particular time.
Stockholders wishing to ask other questions will be given an opportunity to do so following the meeting. After introducing the directors and officers in attendance and dealing with a few procedural matters, we will take up the items to be acted upon. We would like to introduce the directors of Synaptics who are in attendance today. We welcome Francis Lee, our chairman, Nelson Chan, Keith Geeslin, Russ Knittle, Dick Sanquini. The Synaptics executives who are in attendance are Wajid Ali, our Senior Vice President and Chief Financial Officer, and John McFarland, our Senior Vice President, General Counsel, and Secretary. Also attending this meeting is Jody Mortimore of KPMG LLP, our independent auditors. Although KPMG has indicated that it does not wish to make a statement, Mr. Mortimore is available to respond to appropriate questions during the general question and answer period.
In accordance with our bylaws, I will act as chairman of the meeting, and Mr. McFarland will act as the secretary of the meeting. In addition, Christina Vico of the Vico Group has been appointed and will serve as the independent inspector of the election for this meeting. I request that she file her oaths of office with the secretary of the meeting for inclusion in the minutes of this meeting. Broadridge Financial Solutions, the company's investor communications agent, has delivered an affidavit of mailing establishing that notice of this meeting was duly given. Will the secretary please report on the proof of notice of meeting?
I have before me the affidavit of mailing from Broadridge certifying as to the giving of notice of this meeting and the sending to stockholders of record as of September fourth, 2018, the notice of Internet availability of proxy material, all of which Broadridge commenced sending to stockholders on September seventeenth, 2018. I also have a copy of the 2018 annual report, which includes financial statements certified by KPMG. A copy of this annual report was sent or made available to each stockholder entitled to vote at this meeting, and an electronic copy of the annual report is available on the website used to access the meeting. The notice of meeting and the affidavit of mailing, together with the attachments thereto, and the 2018 annual report will be filed with the minutes of this meeting.
The secretary has a list of the holders of record of common stock of the company at the close of business on September fourth, 2018. This list of stockholders has been open for examination at the company for any purpose relevant to this meeting during ordinary business hours for the past 10 days. This list is available for inspection during this meeting by any stockholder on the website used to access this meeting. The secretary will please file a copy of the list of stockholders with the records of the company.
I will do so.
Mr. McFarland, will you please present your report of attendance at this meeting so that we can determine whether a quorum is present?
Mr. Chairman, on September fourth, 2018, the record date for this annual meeting, there were outstanding and entitled to vote a total of 34,881,570 shares of common stock. I have been informed by the Inspector of Election that there are 31,593,353 shares of stock represented by proxy, or approximately 90.57% of all the shares entitled to vote at this annual meeting. The shares so represented exceed 50% of the total shares entitled to vote at this meeting and thus constitute a quorum.
Thank you, Mr. McFarland. On the basis of the report of the Secretary and the Inspector of Election, I find that proper notice has been given and a quorum is present. Accordingly, this meeting has been properly convened.
It is 9:05 A.M. on October 30th, 2018, and the polls for voting on all matters are open. All Synaptics stockholders entitled to vote at this meeting have the ability to do so online. 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 so via the website used to access this meeting. Please remember that if you have already voted by proxy, it is not necessary to vote again. After the vote has been completed on all matters on the agenda, we will close the polls, and the Inspector of Election will provide her preliminary report.
The next matter to come before the meeting is the approval of the proposals. Mr. McFarland, please review the proposals.
The first proposal to come before the meeting is the election of directors. At this meeting, we will be electing three Class I directors for a term expiring at the 2021 annual meeting of stockholders. The nominees are Jeffrey Buchanan, Keith Geeslin, and James Whims. Information concerning their principal occupations, service with Synaptics, skills and qualifications, and other matters which may be of interest are contained in the proxy statement. No other nominations were received prior to the deadline established in the company's bylaws. Therefore, no additional nominations may be made at this meeting, and I declare the nominations to be closed. Proposal two asks stockholders to approve an advisory resolution on the fiscal year 2018 compensation of the named executive officers described in our proxy statement. The board of directors recommends stockholders approve the following resolution.
Resolved, that the stockholders of the company approve, on an advisory basis, the compensation of the company's named executive officers as disclosed in the compensation discussion and analysis and the related tabular and narrative disclosure as set forth in the fiscal year 2018 proxy statement. This proposal is advisory and therefore not binding on our company, our compensation committee, or our board of directors. Although non-binding, the vote will provide information to our compensation committee and our board of directors regarding investor sentiment about how our executive compensation philosophy, policies, and practices, which our compensation committee and our board of directors will be able to consider when making future executive compensation decisions. The next matter to come before the meeting is the ratification of the appointment of KPMG LLP as the company's independent registered public accounting firm.
Board of directors recommends the ratification of the appointment of KPMG LLP to serve as the company's independent registered public accounting firm and to audit the company's financial statements for the fiscal year ending June 29th, 2019. The next matter to come before the meeting is a resolution for approval of an amendment to the company's amended and restated 2010 Incentive Compensation Plan to increase the share reserve of the 2010 plan by 1,400,000 shares of our common stock, and to expressly prohibit the payout of dividends and dividend equivalents on equity awards until the underlying award has been earned or becomes vested. Our compensation committee approved this amendment to the company's amended and restated 2010 Compensation Plan, subject to approval by our stockholders at this annual meeting. If Proposal 4 is approved by our stockholders, the amendment will become effective upon the date of the annual meeting.
In the event that our stockholders do not approve Proposal 4, the amendment will not become effective and the existing 2010 Incentive Compensation Plan will continue in its current form. Proposed amendment will afford us the continued ability to design compensatory awards that are intended to advance our interest in long-term success by encouraging stock ownership among our officers, other employees, consultants, and non-employee directors. The final matter to come before the meeting is a resolution for approval of the company's amended and restated 2010 Employee Stock Purchase Plan to increase the share reserve of the 2010 ESPP by 100,000 shares of our common stock. Our Compensation Committee approved the amended 2010 ESPP in July 2018, subject to approval by our stockholders at this annual meeting. If Proposal 5 is approved by our stockholders, the amended 2010 ESPP will become effective upon the date of this annual meeting.
In the event that our stockholders do not approve Proposal five, the amended 2010 ESPP will not become effective and the existing 2010 ESPP will continue in its current form. The amended 2010 ESPP will afford us the continued ability to design compensatory awards that are intended to advance our interests in long-term success by encouraging stock ownership among our officers, other employees, consultants, and non-employee directors.
Are there any questions on Proposals one through five? The polls are about to close, so if you have not yet voted, please do so. Since all those desiring to vote have done so, I hereby declare the polls for voting on matters before this meeting closed at 9:11 A.M. The Inspector of Election has delivered her preliminary report to the secretary, who is now prepared to announce the preliminary results.
Mr. Chairman, based on the Inspector of Election's preliminary report, each of the three persons nominated for director has received a majority of the votes cast and has been elected as a director of the company to serve for a three-year term that will expire in 2021. The resolution on an advisory basis for the compensation of our named executive officers for fiscal 2018, as such compensation is disclosed in the proxy statement, has been approved. The appointment of KPMG LLP as the company's independent registered public accounting firm has been ratified. The amendment to the company's amended and restated 2010 Incentive Compensation Plan has been approved. Finally, the amendment to the company's amended and restated 2010 Employee Stock Purchase Plan has been approved.
I direct that the final report of the Inspector of Election be filed with the records of this meeting. We expect to report the results of the voting on a Form 8-K to be filed with the SEC within four business days of this meeting. That concludes the business for the meeting. The meeting is now adjourned. I now invite you to ask any questions you may have regarding the company and its business. Please follow the instructions provided on the website used to access this call to submit questions. Ladies and gentlemen, thank you for attending today's meeting.
The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.