Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Twilio Incorporated Annual Meeting. At this time, I would like to turn the conference over to Mr. Jeff Lawson. Thank you.
Sir, please begin.
Thank you. Good morning, ladies and gentlemen. I'm Jeff Lawson, Chairman, CEO and Co Founder of Twilio Incorporated. And it's a pleasure to welcome you to our 2020 Annual Meeting of Stockholders. This is our first time conducting our annual meeting virtually and from separate locations.
So we appreciate your understanding if we run into any technical glitches. Let me introduce our directors and officers who are with us today. From our Board of Directors, we have Rick Dalzell, Byron Dieter, Elena Donio, Donny Dubinsky, Jeff Epstein, Jeff Immelt and Erica Rotenberg. And joining us from Twilio are Chi Chiu, George Hu, Christy Lake, Aaron Reilly, Khozema Shipchandler and Karen Smith. Also with us today are representative from KPMG LLP, our independent registered public accounting firm and a representative from Goodwin Proctor, our outside counsel.
We will be conducting the formal business of the meeting first. Following the formal business portion of the meeting, we will answer questions that you have submitted online through the web portal. So the meeting is now called to order. I will now turn the meeting over to Karen Smith, Twilio's General Counsel and Secretary of the meeting, who will conduct the formal part of the meeting. Karen?
Thank you, Jeff. Good morning, everyone. As a reminder, the purpose of today's meetings are as follows: to elect 3 Class 1 Directors to serve until the 2023 Annual Meeting of Stockholders and until their successors are duly elected and qualified to ratify the appointment of KPMG LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2020 to conduct a non binding advisory vote to approve the compensation of our named executive officers and to transact such other business as may properly come before the annual meeting or any adjournments or postponements thereof. If there's anyone attending this meeting who has not submitted his or her proxy and who now wishes to do so, please submit your proxy vote through the web portal now by clicking the Vote Here button. If you have already submitted a proxy and will not be changing your vote, then you do not need to vote again.
The vote indicated on your proxy will be counted. If you want to change your previous vote, please submit your vote through the web portal now by clicking the Vote Here button. I have proof by affidavit that notice of this meeting has been duly given and that the proxy materials were mailed on or about April 22, 2020 to all stockholders of record at the close of business on April 6, 2020. We have present virtually or by proxy the holders of a majority of the voting power of all issued and outstanding shares of our common stock entitled to vote at this meeting. As we have sufficient number of shares to constitute a quorum, the meeting is duly constituted.
As I have been authorized by the Board of Directors, I hereby appoint Catherine Wheaton on behalf of Broadridge Financial Solutions as the Inspector of Election for this annual meeting. The Inspector of Election has signed an oath of office. The Affidavit of Mailing and the Oath of Inspector of Election will be filed with the minutes of this meeting. After we have voted on all matters subject to a vote, the Inspector of Election will tabulate the votes and determine the results of the voting. Proposal number 1, election of directors.
The first item of formal business is the nomination and election of 3 Class 1 directors for a term of 3 years or until their respective successors have been duly elected and qualified. The persons named in the proxy statement have been nominated to serve as Class 1 Directors of the company. They are Richard Dalzell, Jeffrey Immelt and Erica Rotenberg. Any proxy holders who wish to change their vote and anyone voting at this meeting on the election of directors are requested to submit their proxy vote through the web portal now by clicking the Vote Here button. Pursuant to the notice of this meeting and the proxy statement, the proxies solicited by the Board of Directors will be voted for the election of Mr.
Del Bell, Mr. Immelt and Ms. Rotenberg. The second item of formal business is to ratify the appointment of KPMG LLP as Twilio's independent registered public accounting firm for the fiscal year ending December 31, 2020. Any proxy holders who wish to change their vote and anyone voting at this meeting on this proposal are requested to submit their proxy vote through the web portal now by clicking the Vote Here button.
Pursuant to the notice of this meeting and the proxy statement, the proxies solicited by the Board of Directors will be voted in favor of this proposal. The 3rd item of formal business is to conduct a non binding advisory vote to approve the compensation of our named executive officers as disclosed in Twilio's proxy statement for its 2020 annual meeting of Stockholders. Any proxy holders who wish to change their vote and anyone voting at this meeting on this proposal are requested to submit their proxy vote through the web portal now by clicking the Vote Here button. Pursuant to the notice of this meeting and the proxy statements, the proxies solicited by the Board of Directors will be voted in favor of this proposal. Please vote any shares using the web portal and by clicking the Vote Here button.
We will give another 30 seconds for voting to occur. We will close the voting in 15 seconds. We now have all the votes and proxies. I hereby declare that the polls for each matter to be voted on at this meeting are now closed. No additional ballots, proxies or votes and no changes or revocations will be accepted.
I have the preliminary results of the voting and will report the preliminary results now. Mr. Chair and stockholders, the preliminary results based on the voting of shares represented by valid proxies on file show that Richard Dalzell, Jeffrey Immelt and Erica Wattenberg have been reelected to the Board of Directors to serve as Class 1 Directors for a term of 3 years or until their respective successors have been duly elected and qualified. The appointment of KPMG LLP as Twilio's independent registered public accounting firm for the fiscal year ending December 31, 2020 has been ratified by a majority of voting power of the shares present in person or by proxy. The compensation of Twilio's named executive officers as disclosed in its proxy statement for its 2020 Annual Meeting of Stockholders has been approved on a non binding advisory basis.
This concludes the report of preliminary voting results. The Inspector of Election will conduct a final count of all votes on these matters and the final results will be included in the minutes of this meeting and will be available for all stockholders on a Form 8 ks to be filed with the SEC within 4 business days. This concludes the formal business of the meeting. Jeff, I'll turn it back to you.
Thank you, Karen. Now that the formal business of the meeting is concluded, I'll be happy to take any questions that you may have. On the meeting web portal is a copy of our rules and procedures. I ask you to follow those. Finally, as you may be aware, federal securities laws prohibit me from providing any material non public information in this form.
This includes any information that would update or confirm any financial guidance we have previously disclosed. If any questions touch on this or other material non public information, I will not be able to address those questions. We will now begin the Q and A portion of our meeting moderated by our Investor Relations team. And I will hand it over to Chris.
Q and A session where shareholders are invited to ask questions of Twilio's management team. Any questions not answered during this time can be addressed by the Investor Relations team, which can be reached at irtwilio.com. At this time, we have received no questions from shareholders. I'll now turn the call back over to Jeff.
Thank you, Chris. There being no further questions or any questions at all for that matter, we will now end the meeting and close this time. Thank you, everybody.
Ladies and gentlemen, thank you for participating in today's conference. This concludes the program. You may now disconnect. Everyone, have a wonderful day.