Welcome to Workday's 2018 Annual Stockholders Meeting. This meeting is being presented live and is being recorded for future playback. With that, I will hand it over to Amil Bhushri, Workday's Co Founder and Chief Executive Officer.
Good morning, and thank you for joining us today for Workday's annual stockholders meeting. It's 9:01 am, and the meeting will now come to order. My name is Anil Butchry, and as a Chief Executive Officer at Workday, I'll be presiding over this meeting. Today's virtual meeting is a live audio webcast, allowing participation by Workday, our stockholders, and other interested parties, regardless of their location. In addition to listening to the meeting online, stockholders can submit questions and votes of shares via the annual meeting web portal before the polls close.
Stockholders should like to ask a question, may do by presenting the question in writing, we're indicated on the webcast portal for the meeting. Stockholders would like to vote can do so on the portal as well, where indicated for voting. As a reminder, only stockholders may submit a question or vote via the annual meeting portal. The polls are currently open and remain open through the general question and answer session of our meeting. I would now like to introduce our directors and other members of Workday Management who are present today.
The directors who are present are Dave Duffield, Krista Davies, Mike McNamara, Karl Lesshenbach, Mike Stankey, George Stills, Lee Stifelinger, and Jerry Yang. Dave Duffield, Lee Styslinger, and I, are the nominees for class 3 directors whom we will be voting on at today's meetings. I would also like to introduce Jim Shaughnessy, Workday's General Counsel and Secretary, who'll be acting as our Inspector of Elections and tabulating the voting results. Mike Magaro, our Vice President of Investor Relations, who will moderate our question and answer session, as well as Robin Sisco, our Co President and CFO. In addition, David Cabral has joined us from Ernst And Young LLP, Workday's independent auditors, and will be available to address stockholder questions as well.
This morning, our program will proceed as follows: 1st, I will commence the official business portion of the 2018 annual meeting including reviewing the proxy proposals before our stockholders. Following that, and I'll open the meeting to a general question and answer session. Lastly, Jim will report on the results of the proxy proposals. As a final housekeeping item, I will turn over Jim to review our Q And A guidelines. Jim?
Thank you, Anil. A few matters of protocol will help our Q And A process run smoothly. First, as Anil mentioned, only stockholders or their legal representatives may ask a question or make a comment. 2nd, questions addressed during the official business portion of the meeting should be relevant to proposals being voted on. 3rd, the meeting chairman may rule as out of order stockholder proposals that did not meet the advanced notice provisions of workdays bylaws or proposals that are inappropriate for stockholder action.
4th, of consideration for others, please limit yourself to two questions or comments. 5th, questions will be answered at the discretion of CEO based on determinations of relevancy and appropriateness.
We will now proceed to the official business portion of this meeting. Jim, will you please report on the notice of the meeting on the quorum determination?
The board fixed April 23, 2018 as the record dates of this meeting. We've received an affidavit from Broadridge Financial Solutions certifying that beginning on April 27, 2018, each stockholder of record and each identifiable beneficial owner as of the record date was mailed official notice in this meeting, together with a proxy card and Workday's 2018 annual report and proxy statement, or instructions about how to access those materials online. On the record date, a total of 146,494,441 shares of Class A common stock, representing 1 vote per share and a total of 68,930,380 shares of Class B common stock representing 10 votes per share were outstanding. The holders have not less than 204,795,795,000 382 shares of common stock, our President today's meeting in person or by proxy. Approximately 97.89 percent of voting power of the standing shares is present at the meeting.
Accordingly, Aquarum is present. Anil?
Thank you, Jim. On the basis of Jim's report, the meeting is duly convened. As a reminder, the polls are open and stockholders may vote to shares online anytime during this meeting before the polls close, which will be following our general question and answer session. The first matter being voted upon is Election of 3 class 3 directors to the Board of Directors for the coming year. Dave Duffy and I have been nominated as class C directors to serve for a 3 year term expiring at the 2021 annual meeting of stockholders.
And then until our successors are duly elected and qualified. No other nominations for directors received from stockholders within the period required by Workday's bylaws Therefore, the nominations are closed. The 2nd hour of business concerns the ratification of Workday's independent auditors, The Board of Directors has appointed Ernst And Young LLP as Workday's independent auditors for the fiscal year ending January 31, 2019, and our stockholders have been asked to ratify their appointment. The 3rd of our business concerns the advisory non binding stockholder vote to approve the compensation ordered to our named executive officers in the last year. Finally, the 4th order business concerns the proposal to approve the limits on awards to non employee directors under the 2012 equity incentive plan.
We will now address any questions related to the proxy proposals at hand. Mike do you have any questions related to the proposals?
We have not received any questions related to the proposals. As we have no further questions related to these proposals, I'll turn it back to you, Anil.
Thanks, Mike. As a reminder, it's not necessary to vote online if you have already sent in a completed proxy card or voted online or by telephone, unless you wish to change your vote. Stockholders who
would like to vote now may do so by submitting your vote were indicated on the webcast portal for the meeting. The polls remain open during our general Q and A session which we'll turn to next. Mike? Thank you, Anil. This question and answer session may include various projections and forward looking statements about Workday.
These forward looking statements involve risks and uncertainties that could cause actual events or results to differ materially from those in the forward looking statements. We encourage you to read our periodic reports and filings with Without limitation, those mentioned in Workday's quarterly report on Form 10 Q for the fiscal quarter ended April 30, 2018. Under the heading Risk Factors and in our subsequently filed annual, quarterly and current reports. As a reminder, we'll follow the rules of order for this Q and A session that Jim reviewed earlier As there are no questions, our question and answer session is concluded. I will now turn the call back to Anil to continue with the business agenda for the meeting.
Thanks, Mike. It is now 9:08 am and the polls are now closed. The next item on the agenda is a preliminary report of the Inspector of Elections, Any votes collected before the polls close but not reflected in the preliminary report will be reflected in the final report of the inspector. Jim, please present your preliminary report.
Thank you, Anil. I determined that Dave Duffield, Lee Styslinger and Anil Bhushri have each received in excess of 98% of the votes cast for election of class 3 directors. Further, I've determined that more than 99% of the votes present in person are represented by proxy were cast in favor of the ratification of the appointment of Ernst And Young LLP. I've also determined that more than 99% of the votes present in person are represented by proxy were cast in favor of the advisory vote to approve the compensation paid to Workday's named executive officers. Finally, determined that more than 95 percent of the votes present in person or represented by proxy were cast in favor to approve limits on awards to non employee directors under the 2012 equity incentive plan.
Spectrum of Elections, I declare that Dave Duffield, Least Eisinger and I, are elected as class 3 directors to serve for a 3 year term expiring at the 2021 annual meeting of stockholders and until their or my successors are duly elected and qualified. I further declare that the of Ernst And Young LLP as Workday's independent registered public accounting firm for the fiscal year ending January 31, 2019 is ratified. In addition, I declare that the compensation paid to workdays named executive officers in the last fiscal year is approved on an advisory basis. Lastly, I declared the proposal to approve limits on awards to non employee directors under the 2012 equity and center plan is approved. This concludes Workday's 2018 annual meeting of stockholders.
Thank you for your participation in our annual meeting.
Thank you for attending Workday's 2018 annual meeting. You may now disconnect.