Good morning. Thank you for joining us today for our annual meeting. My name is Hank Dimon, and I'm Senior Vice President of Investor Relations And Corporate Communications for Take 2. Please note that today's shareholder meeting is being broadcast via listen only web task that is available on our website at www.take2games.com. A replay of the web tests will also be available on our website later today.
Before we begin, I'd like to remind everyone that the statements made during this meeting that are not historical facts are considered forward looking statements under federal securities laws. These forward looking statements are based on the beliefs of our management, as well as assumptions made by and information currently available to us. We have no obligation to update these forward looking statements. Actual operating results may vary significantly from these forward looking statements based on a variety of factors. And information are contained in the company's annual report on Form 10 K for the fiscal year ended March 31, 2016.
Including any risks summarized in the section entitled Risk Factors. The company's quarterly report on Form 10 Q for the fiscal quarter ended June 30, 2016, and the company's other periodic filings with the SEC, which can be accessed at www. Take2games.com. I'd now like to introduce Strauss Zelnick, Chairman and CEO of Take 2.
Thank you, Hank. Good morning. Welcome. The annual meeting of stockholders of Take 2 Interactive software will please come to order. Today's agenda includes a review of the procedures for today's meeting and the proposals to be voted on and a question and answer session.
Before we start, I'd like to introduce our officers, Carl Slightoff, our President Lainie Goldstein, our Chief Financial Officer Dan Emerson, our Executive Vice President, General Counsel and Matt Breitman, Deputy General Counsel And Corporate Secretary of the Company. Yes, just raise your hands for a sec. I'd also like to introduce our other board members who are present today, Jay Moses, Michael Doorman, Michael Sherewski, and Susan Tolson. I'll now turn the floor over to Dan Emerson.
Good morning. I will act as chair of this portion of the meeting. Mr. Brightman will act as secretary of the meeting. This meeting will be conducted in accordance with the agenda that was distributed at the start of the meeting.
As detailed in Take 2's proxy filing, The proposals to annual stockholder meeting and until their successors have been duly elected and qualified. The approval on a non binding advisory basis of the compensation of the company's named executive officers. The approval of certain amendments to the Take 2 Interactive Software Inc. 2009 stock incentive plan. The ratification of the appointment of Ernst And Young LLP as our independent registered public accounting firm for the fiscal year ended March 31, 2017, and such other businesses may properly come before the annual shareholder meeting or any adjournment thereof.
I will note that only stockholders of record at the close of business on July 26, 2016 are entitled to vote on these proposals at this annual meeting or any adjournment thereof. This meeting will be conducted in accordance with the business to come before the meeting. I would like to take a moment to review several of these key rules. Anyone wishing to address the meeting must be a stockholder of record as of the July 26, 2016 record date or a person holding a valid proxy from a stockholder of record. Stockholders of record should have the yellow coded name tag and a yellow index card stating stockholder of record, which was provided at the registration area before the meeting.
Following the presentation of the proposals on the agenda, and while the polls are deemed open for voting on the proposals, we will entertain questions directly related to the matters being voted upon. After we have concluded the business of the meeting, the meeting will adjourned. Then we will open the floor to general questions. By your presence at this meeting, you acknowledge your understanding of and willingness to abide by the procedural rules that were provided to you today. Now let us continue with the business of the meeting.
Mr. Brightman, will you please present proof of notice of this meeting? Let the record reflect that I have been presented with a copy of the notice of annual meeting of stockholders, dated July 28, 2016 and the proxy materials dated July 28, 2016, together with affidavit of an authorized representative Broadridge, the company responsible for mailing said materials, affirming as to the mailing on August 5, 2016, of the notice of annual meeting and proxy materials, 2 stockholders of record at the close of business on July 26, 2016. I order the affidavit of mailing be filed with the minutes of this meeting. Mr.
Brightman, will you please present a list of stockholders as of the close of business on July 26, 2016. The record date fixed by the Board of Directors for the purpose of determining the stockholders entitled to vote at this meeting. Let the record reflect that I've been presented with a list of stockholders 2016, furnished by an authorized representative of the company's transfer agent. There are $86,000,151,312 shares of common stock entitled to vote at this meeting. The list of stockholders will be open for inspection by any stockholder of record for the duration of this I hereby appoint Tom Tai of Broadridge to act as the Inspector of Elections to determine the number of shares outstanding and entitled to vote.
The number of shares represented at to receive and tabulate the votes on the matters to be acted upon at this meeting. Mr. Ty has executed an affidavit to faithfully execute his duties as the inspector. The secretary will attach the affidavit to the minutes of the meeting. It is anticipated that the results will be reported to me as soon as practicable.
Is there any stockholder present who has not filled out the attendance sheet showing the name of the stockholder and the number of share he or she owns? All stockholders of record who have not submitted proxy should do so now, unless they wish to vote in person. You have previously executed a proxy and now wish to vote in person, the proxy will be returned upon your request. Mr. Ty, please state the number of shares of common stock present in person or represented by proxy.
A thereof present in person or represented by proxy, a majority of the outstanding shares entitled to vote at this meeting.
Legal notice of the meeting haven't been given in a quorum being present, the meeting is lawfully convened and ready to transact business. The first order of business on the agenda is to elect 6 directors to serve until the annual meeting of stockholders of the company to be held in 2017 and until their successors have been duly elected and qualified.
The Board of Directors acting upon the recommendation of the corporate governance committee has nominated the following persons who are named in the company's proxy statement to serve as directors of the company until the annual meeting of stockholders to be held in 2017 and until their successors have been duly elected and qualified. Strouse Zelnick, Robert A. Bowman, Michael Dorneman, Jay Moses, Michael Sharretsky, and Susan Tolfson. I hereby present to this meeting the proposals set forth in the proxy statement that these nominees be elected as directors of the company for such annual terms. I second the proposal.
If there is a stockholder who does not yet have a ballot who wishes to vote in person, please raise your hand that the Inspector of Elections is to cast an advisory vote to approve the compensation of the company's named executive officers.
I hereby present to this meeting the disposal set forth in the proxy statement that the stockholders approve on a non binding advisory basis, the compensation of the company's named executive officers as set forth in the proxy statement.
I second the proposal.
If there is a stockholder who does not yet have a valid who wishes to vote in person, please raise your hand so that the Inspector of Elections can deliver a ballot to you. The next order of business on the agenda is to cast a vote to approve certain amendments to the Take 2 Interactive Software, Inc. 2009 stock incentive plan.
I hereby present the proposals set forth in the proxy statement that the stockholders approved certain amendments to the Take 2 Interactive Software, Inc. 2009, stock incentive plan as set forth in the proxy statement.
I second the proposal.
If there is a stockholder who does not yet have the ballot, who is to vote in person, please raise your hand so that the Inspector of Elections can deliver a ballot to you. The next order of business on the agenda is to vote on the proposal to ratify the appointment of Ernst And Young LLP as the company's independent registered public accounting firm for the fiscal year ending March 31, 2017. I would like to introduce Mark Moran and Christopher England, who are here today representing Ernst And Young and will be available to answer questions after me.
I hereby present the proposal set forth in the proxy statement that the stockholders approve the ratification of the appointment of Ernst And Young LLP as the company's independent registered public accounting firm for the fiscal year ending March 31, 2017, as set forth in the proxy statement. I second the proposal.
If there is a stockholder who not yet have a ballot who wishes to vote in person, please raise your hand so that the Inspector of Elections can deliver a ballot to you. Do any stockholders have questions relating to the business of this meeting? Please make sure that you have completed all necessary information in your ballots and cast your votes as you as you have intended The ballots haven't been collected, I now declare the polls closed. As I mentioned previously, the Inspector of will tabulate the results of the voting, which will be reported to me as soon as practicable. As I noted earlier, once the business of the meeting has concluded, We will officially conclude this meeting.
There being no additional business to be conducted at the meeting. The business of the annual meeting is hereby concluded and the meeting is adjourned. We will now open the must state their name, whether they are a personal stockholder or an authorized representative of a stockholder, in which case, such stockholder must also be identified. I turn the floor over to Strauss Zelnick, Chairman and CEO of Take 2.
Thank you, Dan. Yes, sir. Please, if you'd like.
Yes. Good morning. My name is Howard Turnbaum. It's Stockholder. I noticed on my Fidelity account compared to as of last night's close, the stock's appreciation from 1 year ago is up over 53%.
So no complaints from me in that department. My portfolio, thanks you there. And secondly, before I ask some questions, I run on the internet, I believe it was the daily caller website They specifically mentioned that the Grand Theft Auto, in a research done by some German, researchers claim that by listening to Grand Theft Auto, while driving reduced accidents, car accidents by 25% because they claimed that it distracted people from instead of utilizing emails as well as sexual activity, which I have no idea what that meant. But but then anyway, I want to ask you a comment on that one. But anyway, let me start with my questions.
And I understand in the annual project was page 19 that it mentioned that you that the company has about from the last fiscal year, about over 47 percent of the revenues are coming internationally. And because of the strength of the dollar, Do you know offhand how much that has affected earnings per share?
That's a great question. We're pretty naturally hedged So the strength of dollar shouldn't affect us that much, but if we are, disproportionately if revenues do come in from Europe on a title, it could hurt us a little bit in translation. Laney, is there anything that you want to add to that? Okay. But it shouldn't be a meaningful number in aggregate because we we do have some hedging activities.
And as I said, we're pretty naturally hedged.
Okay. And also the second question, also going on the international vein itself, how is the, the vote, the Brexit vote since we have operations in Great Britain going affect us in the future and if there's also some other additional disruption as a domino effect from the rest of the countries in the EU of separating how would that might affect our company in terms of not only revenues, but operations, etcetera?
It's a good question, and it's hard to say. I think the way that most companies who are doing business around the world and Europe feel is that it probably won't be particularly relevant not to the good or not to the bad it's definitely going to make it harder to move employees cross border in Europe. And that could hurt us a little bit because we do have studios in numerous places. Think we'll be able to work around it. I think in the next couple of years as the UK sorts out the execution of Brexit, they're going to have to enter into something like 23 new treaties.
So I think it'll be complicated and I think it's great news for the lawyers. But I don't think it'll really matter to and I don't really matter at all. It's an annoyance and we would have preferred it didn't happen, but I don't think it's going to be significant for operations and it certainly wouldn't change our consumers' behavior.
Okay. And my last question I guarantee is with shortly, the United States is going to be surrendering our control on the internet. I'm just wondering how that might affect our company in terms of our outreach, our distributions, both here in the U.
S. And Worldwide. We don't really think what's going on with ICON, should affect us at all, although I don't think a good move on the part of the U. S, frankly, is a poor decision. And, but I don't think it'll affect us.
I do think it puts a fine point on security. We don't really tend to talk about that loudly because we don't want to become a target. But I think after the Sony hack in general, we and companies like us who have strong brand and strong consumer facing presence have really tuned up our attention to security. And I do think that the, the U. S.
Government's law control over domain names. Just probably put the finer point on our need to focus on security. But we're already very, very interested in that. So I'm not I don't think it'll change anything, but I do think it just continues to cause us to focus more on security. And that is a greater area of focus.
And a greater area of expense for us. Okay. Thanks so much for joining us today. We are adjourned. I appreciate it.