Welcome to the 2024 Annual Meeting of Stockholders of Synaptics Incorporated. I will now hand it over to Michael Hurlston.
Will the meeting please come to order?
Hello everyone, I'm Michael Hurlston, President and Chief Executive Officer of Synaptics. In accordance with our bylaws, I will act as Chair of this meeting. Welcome to our 2024 Annual Meeting of Stockholders. We appreciate your attendance, your interest, and most importantly, your support of Synaptics. We request that if you have questions, please enter and submit them in the space provided on the virtual meeting screen. During the meeting, stockholders should limit questions to the proposals being considered. There will be a general question-and-answer period following the formal part of the meeting. In addition to myself, we would like to introduce the other directors of Synaptics who are in attendance today. We welcome Nelson Chan, our Board Chair, Jeff Buchanan, Keith Geeslin, Susan Hardman, Patricia Kampling, Phoebe Su, and James Whims.
The other Synaptics executives who are in attendance today are Ken Rizvi, our Chief Financial Officer, and Lisa Bodensteiner, our Senior Vice President, Chief Legal Officer, and Secretary, who will serve as Secretary for the meeting. Also attending this meeting is Nate Evans and Steve Morgan of KPMG LLP, our independent auditor. Although KPMG has indicated that it does not wish to make a statement, Mr. Evans and Mr. Morgan are available to respond to appropriate questions during the general question-and-answer period. In addition, Khristina Veaco of CT Hagberg & Associates has been appointed and will serve as the independent inspector of the election for this meeting. We have received her oath of inspector of election, which will be filed with the minutes of this meeting. I will now ask Lisa Bodensteiner, the company's Chief Legal Officer and Corporate Secretary, to report on the mailing of notice for this meeting.
I've received an affidavit of mailing from Broadridge Financial Solutions, the company's investor communications agent, certifying as to the giving of notice of this meeting and sending to stockholders of record as of August 30, 2024, the Notice of Internet availability of proxy material commencing on September 12, 2024. The 2024 Annual Report, which includes financial statements certified by KPMG, was sent or made available to each stockholder entitled to vote at this meeting.
The Secretary has the list of the holders of record of common stock for the company at the close of business on August 30, 2024. 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. The Secretary will file a copy of the list of stockholders with the records of the company. Ms. Bodensteiner, will you please present your report of attendance at this meeting so that we can determine whether a quorum is present?
Mr. Chair, on August 30, 2024, the record date for this annual meeting, there were outstanding and entitled to vote a total of 39,920,816 shares of common stock. I have been informed by the inspector of election that there are 37,555,065 shares of stock represented by proxy, or approximately 94.07% 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, Ms. Bodensteiner. On the basis of the reports of the Secretary and the inspector of election, I find that proper notice has been given and that a quorum is present. Accordingly, this meeting has been properly convened.
It is 9:04 A.M. Pacific Time on October 29, 2024, 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 voting 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. Ms. Bodensteiner, 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 l directors for a term expiring at the 2025 Annual Meeting of Stockholders. The nominees are Jeffrey Buchanan, Keith Geeslin, and James Whims. 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. The next matter to come before the meeting is the ratification of the appointment of KPMG LLP to serve as the company's independent auditor for the fiscal year ending June 28, 2025. The next matter to come before the meeting is the approval of the amendment and restatement of the company's amended and restated 2019 Equity and Incentive Compensation Plan.
If proposal three is approved by our stockholders, the amended and restated 2019 Equity and Incentive Compensation Plan will become effective today, and the share reserve under the plan will be increased by 1,400,000 shares. In the event that our stockholders do not approve proposal three, the share limits and terms of the amended and restated 2019 plan in effect prior to this proposed amendment will continue in effect. Proposal four asks stockholders to approve an advisory resolution approving the fiscal year 2024 compensation of the named executive officers described in our proxy statement as follows.
Resolved that the compensation paid to the company's named executive officers as disclosed in the company's fiscal year 2024 proxy statement pursuant to the Securities and Exchange Commission's executive compensation disclosure rules, which disclosure includes the compensation discussion and analysis section, the compensation tables, and the narrative discussion that accompanies the compensation tables, is hereby approved.
Are there any questions on proposals one through four?
There are no questions at this time.
The polls are about to close, so if you've not yet voted, please do so. Since all those desiring to vote have done so, I hereby declare the polls for voting on the matters before this meeting closed at 9:08 A.M. The inspector of election has delivered her preliminary report to the Secretary, who is now prepared to announce the preliminary results.
Mr. Chair, based on the inspector of election's preliminary report, each of the three persons nominated for election has received a majority of the votes cast and has been elected as a director of the company to serve for a one-year term that will expire in 2025. The appointment of KPMG LLP as the company's independent auditor has been ratified. The proposed amendment and restatement of the company's amended and restated 2019 Equity and Incentive Compensation Plan has been approved. The resolution approving on an advisory basis the compensation of our named executive officers for fiscal 2024 as such compensation is disclosed in the proxy statement 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 final results of the voting on a Form 8-K to be filed with the SEC within the next four business days. That concludes the business for this 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.
There are no questions at this time.
Thank you for attending today's meeting. We appreciate your continued support as Chair of.