Welcome to Wynn Resorts Limited virtual shareholder meeting. At this time, all participants are in a listen-only mode. I would like now to turn the call over to Chair Philip G. Satre. You may begin.
Hello ladies and gentlemen. I would like to welcome all of you to the live webcast of our 2024 virtual annual meeting of shareholders of Wynn Resorts Limited. I am Philip G. Satre, Non-Executive Chair of the board of directors of Wynn Resorts Limited, and will be presiding at this meeting. Ellen Whittemore, Executive Vice President, General Counsel, and Corporate Secretary of Wynn Resorts Limited, will be secretary and will conduct the business at this meeting, and I hereby call this meeting to order.
Present at the meeting today are members of your board of directors, our CEO Craig Billings, and our CFO Julie Cameron-Doe. Before I go any further, I want to remind you that we may make forward-looking statements under Safe Harbor Federal Securities Laws, and those statements may or may not come true. I will now turn to Ellen Whittemore to review the matters under consideration at the meeting.
Thank you. Each of you should have registered in order to attend today's meeting. The agenda, as well as our rules of conduct for this annual meeting, are displayed on your virtual meeting screen. To conduct an orderly meeting, we ask that participants abide by these rules. Prior to the commencement of this meeting, we received proxies representing approximately 82% of the number of shares of common stock of the company entitled to vote at this meeting.
Accordingly, based upon the proxies we received prior to the meeting, we have a quorum, and I declare this meeting to be duly convened for the purposes of transacting such business as may properly come before it. Christine Omrine from American Election Services has been appointed to act as Inspector of Elections. The affidavit of mailing establishes that notice of this annual meeting was duly given.
A copy of the notice of meeting and the affidavit of mailing will be incorporated into the minutes of this meeting. All shareholders of record at the close of business on March 5, 2024, are entitled to vote at this meeting. We will now attend to the business of this meeting by acting on the matters described in the notice of annual meeting that was sent with our proxy statement to all shareholders.
The board's position on each of the matters to be voted on at this meeting is set forth in the company's proxy statement. Most shareholders have voted on the proxy cards in advance of the meeting, but we will now open the polls to receive those votes and allow anyone wishing to vote at this meeting the opportunity to do so. The polls are now open and will close after all proposals have been presented.
If you mailed in a proxy or if you voted over the telephone or online, you don't need to vote again at this time. However, if you have not voted your shares or if you want to change your vote, you may do so by clicking on the voting button at the bottom right of the webcast screen. The first proposal before shareholders is to elect three Class I Directors. Your board of directors has nominated and recommends the election of Betsy Atkins, Paul Liu, and Darnell Strom for re-election as Class I directors of our company.
The second proposal before shareholders is to ratify, and your board of directors recommends the ratification of the appointment of Ernst & Young LLP as the company's independent registered public accountants for the fiscal year ending December 31, 2024.
The third proposal before shareholders is to approve and your board of directors recommends the approval of, on a non-binding advisory basis, the compensation of the company's named executive officers as disclosed in our Proxy Statement. The fourth proposal before shareholders is to approve, and your board of directors recommends the approval of an amendment to our 2014 Omnibus Incentive Plan to increase the authorized shares by 2 million shares.
In summary, your board recommends that shareholders vote for each of the board's nominations and for each of the company's proposals. Under the procedure set forth in our by laws, no other matters may be properly presented at this meeting, so that completes the items to be voted on at this meeting. We are going to close the polls momentarily.
If you would like to vote your shares at this time, please use the voting button at the bottom of your screen. The polls are now closed. We will file a Form 8-K with the SEC announcing the voting results after we receive a report from the inspector of elections. We are now adjourned and we will close the meeting. Thank you for being a shareholder and attending our virtual annual meeting. We look forward to seeing you at our resorts.
This concludes today's call. You may now disconnect.