This is the Broadridge virtual meeting host. I am now turning the meeting over to Jeff Bailly.
Good morning. Welcome to the annual meeting of stockholders of UFP Technologies, Inc. I am Jeff Bailly, CEO and Chairman of the Board of Directors of the company. At this time, I call the meeting to order. At today's meeting, following the introductions of the members of our board of directors and officers, we will conduct the business portion of our annual meeting. Any stockholders of record who have logged in and who have not already submitted a proxy and wish to vote their shares, or who wish to change their vote, may do so by clicking on the Vote Here button on your screen when the polls are open during the business portion of our meeting. You may also ask questions pertaining to the proposals on the agenda by typing your questions into the field provide d in the web portal at any time before the voting is closed.
I would now like to introduce the directors and officers participating in the meeting. Directors, Dan Croteau, Lead Independent Director, Cynthia Feldmann, Chair, Audit Committee, John Hassett, Chair, Compensation Committee, Symeria Hudson, Marc Kozin, and Tom Oberdorf. Officers, Mitch Rock, President, UFP Technologies, Ron Lataille, Senior Vice President, Treasurer, and CFO, Chris Litterio, General Counsel and Senior Vice President of Human Resources, Jason Holt, Senior Vice President. With that, I will turn the meeting over to Chris Litterio, who's been appointed our Inspector of Elections as required under Delaware law, and who will conduct the formal portion of today's meeting. Chris?
Thank you, Jeff, and welcome shareholders, directors, officers, and others in attendance. We will now conduct the formal business as set forth in the notice of meeting and proxy statement. Broadridge Financial Solutions, Inc. has provided me a sworn affidavit stating that copies of the notice of annual meeting, proxy statement, and annual report were duly mailed to each holder of capital stock as of the close of business on April 10, 2026, the record date fixed by the Board of Directors. The notice of annual meeting also stated the date, time, and meeting purpose, along with the web address and access control number for shareholders to participate in today's virtual meeting. I am pleased to announce that there are present by proxy more than a majority of all the shares outstanding and entitled to vote, therefore, a quorum is present. Accordingly, this meeting is duly called to order.
A copy of the notice of meeting, proxy statement, and form of proxy shall be made a part of the record of this meeting. There are three proposals to be considered during this meeting, all of which were described in detail in the proxy statement furnished to shareholders. After I describe the three proposals, the polls will be open to allow the shareholders to vote. The first order of business is to elect seven directors to serve for a period of one year until 2027 annual meeting of stockholders, or until their successors have been duly elected and qualified. The election of each nominee for director requires a plurality of the votes cast by stockholders entitled to vote at the meeting. The board has nominated R. Jeffrey Bailly, Thomas Oberdorf, Marc Kozin, Daniel C. Croteau, Cynthia L.
Feldmann, Joseph John Hassett, and Symeria Hudson to serve as directors for a term of one year. Proposal number two is to consider and act upon a non-binding advisory resolution to approve the compensation of the so-called named executive officers. Proposal number two requires the affirmative vote of a majority of the shares represented and entitled to vote at this meeting. The third and final business item is to consider and act upon a proposal to ratify the appointment by the Audit Committee of the Board of Directors of the Company of Grant Thornton LLP as the company's independent registered public accounting firm for fiscal year 2026. Proposal number three requires the affirmative vote of a majority of the shares represented and entitled to vote at this meeting. The polls are now open.
Any stockholders of record who have logged in and who have not already submitted a proxy and wish to vote their shares may do so now by clicking on the Vote Here button on your screen. While we are waiting for the votes to be cast, I will ask Ron Lataille to let us know if there are any questions for Jeff. Ron?
There are no questions, Chris.
The polls are now closed. Here are the preliminary results. On proposal number one to elect directors, I am pleased to report that each of the directors standing for election has received the affirmative vote of more than a plurality of the shares voted and are hereby elected. On proposal number two, a non-binding advisory resolution to approve the compensation of the so-called named executive officers, a majority of the shares represented and entitled to vote at this meeting voted in favor of the proposal. The proposal is approved. On proposal number three, a proposal to ratify the appointment of Grant Thornton LLP as the company's independent registered public accounting firm for fiscal year 2026, a majority of the shares represented and entitled to vote at this meeting voted in favor. The proposal is approved.
The final tabulation of these votes will appear in our required Form 8-K to be filed with the Securities and Exchange Commission. I now turn the meeting back over to Jeff.
Thanks, Chris. The business portion of today's meeting having been concluded, the annual meeting is adjourned. Thank you all for attending.
Ladies and gentlemen, this concludes today's annual meeting. You may now disconnect.