Afternoon, welcome to the Travel + Leisure Co. Annual Meeting of Stockholders. I would now like to turn the conference over to James Savina, General Counsel and Corporate Secretary. Please go ahead.
Thank you. Welcome to our 2026 Annual Meeting of Shareholders, and thank you for joining us here today. We have already supplied each shareholder with access to a copy of the proxy statement and annual report on Form 10-K. Copies of these documents are also available to any shareholder via the web portal. Before we begin the formal portion of the meeting, please allow me to call your attention to the agenda and rules of conduct set forth on the web portal. We plan to conduct the meeting according to the agenda and ask that you please abide by the rules of conduct. After we complete the formal business portion of our meeting, there will be a general question and answer period for questions related to the corporation's business. Only validated shareholders may ask questions in the designated field on the web portal.
Out of consideration for others, please limit yourself to three questions. Please note that this meeting is being recorded. However, no one attending the webcast is permitted to use any audio recording device. Now, to begin the formal portion of the meeting, I am pleased to introduce Steve Holmes, Chairman of the Board of Travel + Leisure Co.
Good afternoon, and thank you for taking the time to join us today. In accordance with the notice of the meeting, I'd like to call this meeting to order. First, I'd like to introduce the following individuals attending today's meeting in addition to Jim and myself. We have Mike Brown, our President and Chief Executive Officer, and Erik Hoag, our Chief Financial Officer. I'd also like to recognize our Board of Directors today attending the meeting, which are Louise Brady, Jim Buckman, George Herrera, Lucinda Martinez, Denny Marie Post, Ron Rickles, and Mike Wargo. I want to thank our directors, these terrific directors, for their significant dedication and commitment to the corporation and its shareholders. I'd also like to recognize the representatives from Deloitte & Touche, our independent registered public accounting firm present today, which are Phil Nix and James Kelly.
At this point, I will call upon the Corporate Secretary to give his report.
Thank you, Steve. In order to conduct the formal business of the meeting, it is necessary to establish notice that the meeting was duly and properly mailed and that a quorum is present. To this end, the corporation has appointed Cheryl Neadling as the Inspector of Election for this meeting. Ms. Neadling is with us today and has previously signed an oath to execute the duties of Inspector of Election with strict impartiality and according to the best of her ability. Now for the establishment of the meeting requirements. With respect to the notice requirement, I have in my possession a list of shareholders of common stock of Travel + Leisure Co.
as of March 23, 2026, the record date for this meeting, and an affidavit from Broadridge Financial Solutions, the corporation's proxy tabulator, affirming the mailing of the notice of internet availability of proxy materials to all shareholders of common stock of Travel + Leisure Co. entitled to vote at this meeting. Each of these documents will be filed with the records of this meeting, and a list of shareholders is available for inspection on the web portal. With respect to establishment of quorum, the Inspector of Election has reported that there were 62,421,616 shares of common stock outstanding as of the record date, and that the holders of approximately 57,755,267 shares or 92.52% of the total common stock entitled to vote are present at this meeting.
Based on such report, I hereby recognize the presence of a quorum for the purposes of proceeding with the business of this meeting. Please note that your designated proxies are present this afternoon, and that you do not need to vote via the web portal if you have previously sent your proxy or voted online or by phone. Any shareholder 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 there. Please remember that only holders of shares of common stock as of March 23, 2026, may vote at this meeting. Thank you for your cooperation. Our chairman will now conduct the formal business of the meeting.
As stated in the proxy statement for this meeting, there are three items on the agenda to be voted on today. Please note that we will give shareholders an opportunity to comment on the proposals themselves after all proposals have been presented. Proposal number one is the election of nine directors to serve until the 2027 Annual Meeting of Shareholders of the corporation. The following directors have been nominated by the board of directors: myself, Steve Holmes, Louise Brady, Michael Brown, Jim Buckman, George Herrera, Lucinda Martinez, Denny Marie Post, Ron Rickles, and Mike Wargo. Proposal number two is a non-binding advisory resolution to approve our executive compensation program. Proposal number three is the ratification and appointment of Deloitte & Touche LLP to serve as Travel + Leisure's independent registered public accounting firm for fiscal 2026. The board of directors recommend a vote for each proposal.
Before I open the floor for discussion on the proposals, please note that general questions from stockholders will be answered after completion of the business of the meeting. Please wait until then to comment, unless you're discussing these proposals. The floor is now open for discussion on these proposals. If you have a comment or question on the proposals, please submit your comment or question through the web portal. Not seeing any questions. The polls are now open for voting on all proposals. Any shareholder 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 there. Shareholders who have sent in proxies or voted via telephone or internet and do not want to change their vote do not need to take any further action.
Now that everyone has had the opportunity to vote, I declare the polls for the 2026 annual meeting of shareholders closed. That concludes the matters to be voted on. I will now ask our corporate secretary to report on the preliminary results of the voting.
Thank you, Steve. For proposal number one, the election of directors, each nominee received votes representing at least 93.19% of the shares present at the meeting. Each nominee is declared duly elected. For proposal number two, a non-binding advisory resolution to approve our executive compensation program, 92.68% of the shares present at the meeting were cast in favor of the proposal. The proposal is declared approved. For proposal number three, ratification of the appointment of Deloitte & Touche LLP as the corporation's independent registered public accounting firm for fiscal year 2026, 95.69% of the shares present at the meeting were cast in favor of this ratification. The proposal is declared approved. With the conclusion of the official business, the meeting is now adjourned.
Our Chairman will now open the floor for general questions from shareholders.
If you have any questions, please submit your question through the web portal. Please note we will attempt to answer as many questions as time allows, but only questions that are germane to the meeting will be addressed. Any questions that we do not get to will be addressed on the company website. I don't see any questions coming up. I'd like to thank you all for attending the Travel + Leisure 2026 annual meeting. Thank you very much.
The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.