Good morning, welcome to the Tyler Technologies 2026 annual meeting of shareholders. I would now like to turn the call over to the Executive Chairman of the Board, John Marr. Please go ahead.
Thank you. Good morning. I'm John Marr, the Executive Chair of the Board of Tyler Technologies. I would like to welcome each of you to the Tyler Technologies Virtual Annual Meeting of Shareholders, my last as Executive Chair. For the final time, I will serve as Chairman of the annual meeting, and in that role, I now call the meeting to order. We appreciate your participation in this annual meeting, and we thank our partners at Broadridge Financial Solutions for helping us to make this meeting possible. Please follow the instructions that have been provided to you regarding your remote participation. Joining me is Abby Diaz, our Chief Administrative Officer and Corporate Secretary of Tyler Technologies, who will act as Secretary of the annual meeting and who has been appointed judge to determine the existence of a quorum as well as to tabulate the votes.
Thanks, John. As Secretary of the annual meeting, I have received appropriate evidence that the notice and proxy statement were duly mailed to all holders of Tyler's common stock. There are, either in person or by proxy, a majority of the outstanding shares of Tyler common stock present and represented at the meeting.
As chairman of the annual meeting, I find that a quorum is present for the purpose of conducting business. As stated in the notice of this annual meeting, the matters to be considered and acted upon at this meeting are: First, to elect eight directors to serve until the next annual meeting of shareholders or until their respective successors are duly elected and qualified. Second, to approve an advisory resolution on our executive compensation. Third, to ratify the selection of our independent auditors for fiscal year 2026. Fourth, to vote on a shareholder proposal regarding political spending. I have been advised that the shareholder who proposed Proposal four, Mr. John Chevedden, is on the line this morning and would like to say a few words. Mr. Chevedden, the floor is yours. Please proceed.
Hello, this is John Chevedden. Proposal four, avoid brand damage due to corporate political spending. Shares request that Tyler Technologies provide a report updated annually, disclosing the company's policies and procedures for making contributions to participate in any campaign on behalf of any candidate for public office or influence the general public with respect to an election. Monetary and non-monetary contributions used in the manner described above, including the identity of the recipient as well as the amount paid to each. The report shall be presented to the Board of Directors and posted on the company's website. This proposal does not include lobbying expenditures. Long-term shareholders of Tyler Technologies support transparency and accountability in election spending. The company's reputation, value, and bottom line can be adversely impacted by political spending.
The risk is especially serious when giving to trade associations, super PACs, 527 committees, and social welfare organizations, groups that routinely pass money to candidates and political causes that a company might not otherwise wish to support. A recent poll of retail shareholders by Mason-Dixon Polling & Strategy found that 83% of respondents said that they would have more confidence investing in companies that have adopted reforms that provide for transparency and accountability in political spending. Tyler Technologies scored a dismal 15% out of a possible score of 100% in the authoritative 2025 CPA-Zicklin Index of Corporate Political Disclosure and Accountability. Tyler Technologies had four months to consider improving this 15% score. Yet the Tyler response to Proposal four provides not one step taken that might improve Tyler's dismal 15% out of 100% score.
The Center for Political Accountability is more than willing to advise Tyler Technologies on improving its score at no cost to Tyler Technologies. Without knowing the recipients of our company's political dollars, Tyler Technologies directors, management, and shareholders cannot sufficiently assess whether our company's election-related spending aligns with or conflicts with its policies on climate change and sustainability and other areas of concern. Please vote for this timely governance reform. Avoid brand damage due to corporate political spending, Proposal four.
Thank you. Many of our shareholders have already voted by submitting a proxy. If any of you have not voted and wish to vote your shares personally, please indicate as much on the Broadridge platform so that we may receive your votes now. Thank you. Voting is now closed. Before we announce the results, I will take questions regarding the company. In addition, Gabe Stagner of Ernst & Young is also available to answer appropriate questions regarding the audit of the company's financial records. If anyone has a question for Mr. Stagner or me, indicate as much on the Broadridge platform. If there are no questions, Abby, will you please report the results of the voting?
All of the ballots have been counted. For Proposal one, each of the eight director nominees received the vote of a majority of the shares actually voted as votes cast at the meeting. Proposal two received the affirmative vote of a majority of shares present in person or represented by proxy at the meeting. Proposal three received the affirmative vote of a majority of shares present in person or represented by proxy at the meeting. Proposal four did not receive the affirmative vote of a majority of shares present in person or represented by proxy at the meeting.
Thanks, Abby. I declare that the directors of the company for the next year are Glen Carter, Margo Carter, Brenda Klein, Cecil Jones, Ronnie Hawkins, Lynn Moore, Daniel Pope, and Andrew Teeb. I note that the board will consider the results of the advisory vote on executive compensation prior to next year's annual meeting of shareholders. I declare that Ernst & Young will serve as Tyler's independent auditors for the 2026 fiscal year. I note that the board will consider the results of the vote on the shareholder proposal regarding political spending before or at next year's annual meeting. Thank you for participating. The meeting is adjourned.
The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.