Hello, and welcome to the Taylor Morrison Home Corporation Annual Meeting. I would like to turn the meeting over to Sheryl Palmer, CEO and Chairman of the Board. Please go ahead.
Good morning, ladies and gentlemen. I am Sheryl Palmer, CEO and Chairman of the Board of Taylor Morrison Home Corporation. Thank you for joining us today for our 2026 annual meeting of stockholders. It is now 8:00 A.M. Pacific Time, and in accordance with our bylaws, this meeting is officially called to order. The polls are now open, and you may vote your shares online at any time during this meeting prior to the closing of the polls. We will conduct today's meeting in accordance with the meeting agenda and rules of conduct posted to the meeting website. As is our custom, we will conduct the business portion of our meeting first. Following the presentation of the proposals, you will be provided with an opportunity to ask questions with respect to the proposals. Throughout the meeting, stockholders may submit questions at any time via the web portal.
Out of consideration for others, we ask that you please limit yourself to one question, though we may not be able to answer every question. We will do our best to provide a response to as many as possible. Before proceeding, I'd like to introduce my fellow director nominees who are here with us today. We are joined with Peter Lane, Anne Mariucci, Heather Ostis, Andi Owen, Denise Warren, Amanda Whalen, and Christopher Yip. We are also joined today by our two board fellows, Anissa Dhouibi and Annalisa Cruz-Wolf. It's my pleasure to introduce Todd Merrill, our Chief Legal Officer and Secretary, who will act as Secretary and Inspector of Election at the meeting.
Thanks, Sheryl. We're joined here today by Aaron Craft of Deloitte & Touche, our auditors. If questions arise during the Q&A period of the meeting that Deloitte can address, they will be glad to respond. The board of directors fixed March 25th, 2026 as the record date for determining stockholders entitled to vote at this meeting. An affidavit has been delivered to us attesting to the fact that our proxy materials were mailed beginning on April 10th, 2026 to all stockholders as of the record date. As of the record date, there were 94,744,988 shares of our common stock outstanding and entitled to vote at this meeting. We have been informed by Broadridge, our mailing and tabulation agent, that a majority of the voting power of our outstanding common stock entitled to vote at the meeting is present in person or represented by proxy at this meeting.
Thank you, Todd. As a result, we have a quorum, and this meeting is duly convened. Now I will present the matters to be voted upon. Please note that we will give stockholders an opportunity to ask questions about the proposals after all proposals have been presented. At this meeting, our stockholders will be asked first to elect eight director nominees to the company's Board of Directors. In accordance with our bylaws, our Board has nominated Peter Lane, Anne Mariucci, Heather Ostis, Andi Owen, Denise Warren, Amanda Whalen, Christopher Yip, and myself, Sheryl Palmer, to serve as directors until next year's Annual Stockholder Meeting. Since no other nominations have been made in time to be recognized at today's meeting, the nominations are closed. The next matter being submitted to stockholders for action is a non-binding advisory vote to approve the compensation of our Named Executive Officers.
Our executive compensation is disclosed and discussed in our proxy statement. This proposal, commonly known as say-on-pay proposal, gives our stockholders the opportunity to express their views on our executive compensation. As we point out in our proxy statement, we believe our executive compensation provide fair, reasonable, and competitive levels of compensation to our named executive officers. The next matter being submitted to stockholders for action is the approval of an advisory resolution on how frequently we should hold say-on-pay votes. Stockholders have the option of recommending that we hold an advisory vote every year, every two years, or every three years, or abstaining from making a recommendation. This proposal is advisory in nature. Although non-binding, the vote will provide feedback to our compensation committee and our board of directors regarding investor sentiment about how frequently our investors would like to hold the say-on-pay vote.
Our board has recommended that say-on-pay votes occur each year. The final matter being submitted to stockholders for action is the ratification of the appointment of Deloitte as our independent registered public accounting firm for fiscal 2026.
At this time, if any stockholder would like to ask a question regarding any of the proposals just discussed, please submit your question through the web portal. When submitting your questions, we ask that you identify the proposal to which it relates.
There are no further questions on the proposals and no further business is to come before this meeting, we will now move on to voting on the proposals. The polls currently remain open. Any stockholder who hasn't yet voted or wishes to change their vote may do so by clicking on the voting button on the web portal and following the instructions provided. Stockholders who have already voted and do not wish to change their vote do not need to take any further action. That everyone has had the opportunity to vote, I declare the polls for this annual meeting closed. I would now ask the inspector of election tally the votes of any stockholders present at the meeting and then report on the results.
Thank you. The holders of a majority of votes cast in respect of the shares of our common stock present in person or by proxy at this meeting and entitled to vote on the matter, have voted in favor of each of the 8 directors nominated for election. The holders of a majority of shares of our common stock present in person or by proxy at this meeting and entitled to vote on the matter have voted in favor of the advisory vote on executive compensation. A one-year frequency for say-on-pay votes has received the greatest number of votes cast from the holders of the shares of common stock present in person or by proxy at this meeting.
The holders of a majority of shares of our common stock present in person or by proxy at this meeting have voted to ratify the appointment of Deloitte as the company's independent auditor for fiscal 2026.
Thank you, Todd. In light of these results, I'm pleased to declare that the 8 directors nominated for election at this meeting have been duly elected, the advisory vote on executive compensation has been approved, that a one-year frequency for say-on-pay votes has been selected by stockholders, and the appointment of Deloitte as the company's independent auditor for the fiscal 2026 has been ratified. Upon final confirmation of the results, I would please ask the secretary to file the certified vote results with the minutes of this meeting. Additionally, we will be reporting the final vote results in a Form 8-K to be filed within four business days. That concludes the business for the meeting. The meeting is now adjourned. I would like to once again thank you all for attending.
This concludes today's meeting. You may now disconnect