Ladies and gentlemen, thank you for standing by, and welcome to the Tradeweb Market Inc. Annual Meeting. At this time, all participants are in a listen only mode. I would now like to hand the conference over to your speaker today, Lee Oleski. Please go ahead, sir.
Thank you. Will the meeting please come to order? As mentioned, I am Lee Oleski, Chief Executive Officer and member of the Board of Directors of Tradeweb Markets Inc. I will be presiding at this meeting. Along with my fellow directors and executive officers of the company, I'd like to welcome you to our 1st Annual Meeting of Stockholders.
We're excited to be hosting our meeting virtually, which allows us to be more inclusive reach a greater number of stockholders. We appreciate your attendance, your interest and most importantly, your support of Tradeweb. This annual meeting of the stockholders is held pursuant to the bylaws of the company and written notice to all stockholders. In accordance with our bylaws, I will act as Chair of the meeting and Doug Friedman, our General Counsel and Secretary, will act as Secretary of the meeting. I will turn to him with any procedural issues that may arise.
As you are all aware, in the middle of an unprecedented global pandemic. So we appreciate your attendance today and hope that all of you and your families are doing well during these very trying times. You are participating in this meeting virtually. Stockholders may submit questions at any time during the meeting in the space provided on the virtual meeting screen. We will conduct a business portion of our meeting first and answer questions at the end of the meeting.
During this 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. Though we may not be able to answer every question, we will do our best to provide a response to as many as possible and will address any applicable tenants and dealing with a few procedural matters, we'll take up the items to be acted upon. It's my pleasure now to introduce you to Tradewire's General Counsel and Secretary, Douglas Friedman, who will act as Secretary of this meeting.
Thank you, Lee. We'd like to introduce the other directors of Tradeweb who are in attendance today. We welcome Martin Brand, our Chairman of the Board Billy Holt, our President Steven Burns John Finley Scott Ganellis Paul Matoff Thomas Pluta Deborah Walton and Brian West. The other trade of executives who are in attendance are Enrico Bruni, our Head of Europe and Asia Business Simon Massey, our Global Head of Business Development Robert Warshaw, our Chief Financial Officer Scott Zucker, our Chief Risk and Administrative Officer Justin Peterson, our new Chief Technology Officer and we also are joined by Ashley Serrau, our Head of U. S.
Corporate Development and Global Investor Relations. Also attending this meeting are Dorothy Bondarenko, Ben Kocach and Tom Mueller from Deloitte, our independent auditors. Although Deloitte has indicated that it does not wish to make a statement, Dorothy, Van and Tom are available to respond to appropriate questions during the general question and answer period.
Okay. Over to me. In addition, the Board of Directors has appointed Barry Shapiro to serve as the independent inspector of the election for this meeting. I request that he file his oath of office with the secretary of the meeting for inclusion in the minutes of this meeting. Will the Secretary please report on the proof of notice of meeting?
I have an affidavit of mailing from Broadridge Financial Solutions certifying us to giving of notice of this meeting and the sending to stockholders of record as of March 23, 2020, the notice of Internet availability and proxy material, all of which Broadridge commenced distributing to stockholders on April 9, 2020. I also have a copy of the 2019 annual report, which includes financial statements certified by Deloitte. 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 this meeting. The notice of meeting and affidavit of mailing together with the attachments thereto and the 2019 Annual Report will be filed with the minutes of this meeting.
Okay. The secretary has the list of the holders of record common stock of the company at the close of business on March 23, 2020. This list of stockholders has been opened for examination at the company for any purpose relevant to this meeting during ordinary business hours in 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.
Doug, will you please present your report of attendance at this meeting so that we can determine whether a quorum is present?
Thanks, Lee. On March 23, 2020, the record date for this annual meeting, there were outstanding and entitled to vote 70,654,623 shares of Class A common stock, 96,000,000 933,392 of Class B common stock, 7,389,983 shares of Class C common stock and 49,873,346 shares of Class D common stock. I have been informed by the Inspector of Election that there are 1,872,54,391 shares of stock represented by proxy or present virtually were approximately 83.27 percent of all the shares entitled to vote at this annual meeting. The shares so represented exceed 50% of the voting power of common stock presented virtually or represented by proxy and entitled to vote at this meeting and thus constitute a quorum.
Thanks, Doug. On the basis of the report of the Secretary and 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 now 12:22 p. M. On May 19, 2020, and the polls for voting on all matters are open.
All Tradeweb stockholders entitled to vote at this meeting have the ability to do so online. If you're 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 the 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 of the agenda, we'll close the polls and the Inspector of Election will provide us preliminary report. We'll move now to a review of the proposals.
Okay, proposal 1. The first proposal to come before the meeting is the election of directors. This meeting will be electing each of the 3 Class 1 directors for a 3 year term, which expires 2023 Annual Meeting with Stockholders. The nominees are John Finley, Scott Canales and Deborah Walton. Information concerning their principal occupations, Services, TradeRev Board members, 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 by the company's bylaws. Therefore, no additional nominations may be made at this meeting, and I declare the nominations to be closed. Are there any questions or comments on the first proposal? Seeing none, we'll move on to the second and final proposal. Next matter to come before the meeting is the ratification of the appointment of Deloitte as the company's independent registered public accounting firm.
The Board of Directors recommends the ratification of the appointment of Deloitte to serve as the company's independent registered public accounting firm and to audit the company's financial statements for the fiscal year ending 2020, December 31, 2020. Are there any questions or comments in the second proposal? Seeing none, we'll move on to the closing of the polls.
The polls are about to close. So if you have not yet voted, please do so. Since everyone has had the opportunity to vote, it is now 12:25 p. M. And the polls are closed.
The Inspector of Election has delivered his preliminary report and I will now announce the preliminary results. Lee, based on the Inspector of Election's preliminary report, each of the nominees for director received at least 96.93 percent of the votes cast in favor of his or her election and has been elected as a Director of the company to serve for a 3 year term that will expire in 2023. And the ratification of the appointment of Deloitte as the company's independent registered public accounting firm received 99% of the votes in favor and the appointment has been ratified. We will file the final report of the Inspector election with the records of this meeting. We expect to report the results of the voting on a Form 8 ks to be filed with the SEC within 4 business days of this meeting.
Okay. That concludes the business for the meeting. Meeting is now adjourned. I now invite you to ask questions you may have regarding the company and its business. Please follow the instructions provided on the virtual meeting screen to submit questions.
Now it is my distinct pleasure to introduce you to our Head of U. S. Corporate Development and Global Investor Relations. Ashley will be reading your questions. Okay.
Over to you, Ashley.
Thanks, Lee. We do not see any questions related to today's agenda.
Okay. I guess that's it. So thank you, Ashley. Ladies and gentlemen, thank you for attending today's meeting. Have a good day.
Did any proxies vote? Were there any proxies voted?
I don't see any.
Okay. That's it. Thank you.
Ladies and gentlemen, this concludes today's conference call. Thank you for participating. You may now disconnect.