Good morning, and welcome to Block, Inc.'s 2024 annual meeting of Stockholders. Please note that this event is being webcast. I would now like to introduce Jack Dorsey, the company's Block Head and Chairperson of the Board of Directors. Mr. Dorsey, please go ahead.
Welcome, everyone, and thank you all for joining our 2024 Annual Meeting of Stockholders. We are pleased to continue holding our annual stockholders meeting virtually as we aim to enable broad access and participation. I would now like to turn the meeting over to Chrysty Esperanza, our Chief Legal Officer and Corporate Secretary, who will lead the formal business of the meeting and also act as our secretary.
Thank you, Jack. First of all, I'd like to start by thanking our director, Sharon Rothstein, who is not standing for re-election at this meeting, for her service as a member of our board of directors, and wish her the best of luck on her future endeavors. At this time, I'd like to introduce the other members of our board of directors who are participating in the meeting today. They are Roelof Botha, our lead independent director, Amy Brooks, Shawn Carter, Paul Deighton, Randy Garutti, James McKelvey, and Mary Meeker. We also have with us Amrita Ahuja, our Chief Operating Officer and Chief Financial Officer, and Matt Stone of Ernst & Young, our independent registered public accounting firm. Mr. Stone will be available to respond to appropriate questions during the Q&A session at the end of this meeting.
We have appointed Kris Veaco to act as the Inspector of Election today. She has executed an oath of office to carry out her duties with strict impartiality and to the best of her ability. Ms. Veaco will examine and tabulate the proxies and ballots at this meeting. With introductions concluded, we'll move on to other procedural matters. We will begin today's meeting with a formal business portion, during which we will address the matters described in our 2024 proxy statement and vote on the proxy proposals. We will then announce preliminary voting results and adjourn the formal portion of this meeting. Afterward, we will provide time for Q&A. Stockholders of record and street name stockholders with a legal proxy from their broker, bank, or other nominee may submit questions through the web portal during the formal portion of this meeting, with a limit of one question per stockholder.
We have allotted a certain amount of time after the formal business portion of the meeting to respond to the submitted questions. We will only be able to answer questions submitted prior to the start of the question and answer portion of this meeting, and only questions that are relevant to our business operations will be answered. Please see the rules of conduct posted on the meeting site for further information. Note that the meeting is being recorded. A webcast replay will be available on the same meeting website following today's meeting. Our board of directors fixed April 22, 2024, as the record date for determining the stockholders entitled to vote at this meeting.
I have an affidavit of distribution from Broadridge Financial Solutions, confirming that proxy materials related to this meeting were mailed to stockholders of record, determined as of the close of business on the record date, starting on April 26th, 2024 . Ms. Veaco reports that the holders of the majority of voting power of our outstanding shares as of the record date are present at the meeting, either virtually or by proxy, which constitutes a quorum. Therefore, today's meeting is duly convened and open for business. We'll now proceed with the formal business of the meeting. The polls are open. If any stockholders have not yet voted or wish to change their vote, please click on the voting button in the web portal and follow the instructions.
If you've already sent in a proxy or voted via telephone or internet and do not wish to change your vote, no further action is needed. As a reminder, as described in our proxy statement, CDI holders cannot vote during this meeting. There are three proposals to be considered and voted upon by our stockholders. Each of these proposals is more fully described in our proxy statement, as filed with the Securities and Exchange Commission on April 26th, 2024. The first proposal is to elect two Class III directors, Randy Garutti and Mary Meeker, to serve until our 2027 annual meeting of stockholders and until their successors are duly elected and qualified. No other director nominees have been properly submitted pursuant to our bylaws or the rules of the Securities and Exchange Commission, so no other nominations are being considered.
Each of the two director nominees is currently serving on our board, and our board of directors recommends a vote for each of these director nominees. The second proposal is to approve, on an advisory basis, the compensation of our named executive officers. We currently hold this say on pay vote every year. Our board of directors recommends a vote for the advisory approval of the compensation of our named executive officers and the adoption of the following resolution. It reads as follows: Resolved, that the stockholders approve on an advisory basis, the compensation paid to our named executive officers, as disclosed in the proxy statement for the annual meeting pursuant to the compensation disclosure rules of the SEC, including the compensation discussion and analysis, compensation tables and narrative discussion, and other related disclosure.
The third and final proposal is to ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for our fiscal year ending December 31st, 2024. Our board of directors recommends a vote for the ratification of the appointment of Ernst & Young LLP. The polls are still open. Voting today is by proxy and online ballot. As previously mentioned, if you already submitted a proxy or voted via the telephone or internet and do not wish to change your vote, no further action is needed at this time. If you have not yet voted or wish to change your vote, you may do so now by clicking on the voting button in the web portal and following the instructions.
If you have not yet submitted a proxy or electronic ballot, you must submit your electronic ballot now for your vote to be counted by the Inspector of Election. We will leave the polls open for another minute to allow anyone who chooses to vote electronically to cast their ballots.... The polls are now closed. No additional ballots, proxies, or votes, and no changes or revocations will be accepted. Based on our preliminary voting results, the stockholders have elected Randy Garutti and Mary Meeker as Class III directors to serve until the 2027 annual meeting of stockholders and until their successors are duly elected and qualified. Approved on an advisory basis, the compensation of our named executive officers, and ratified the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024.
The final voting results will be set forth in a report from the Inspector of Election and will be included in the minutes of this meeting. We will also report the final voting results on a Form 8-K, which we will file with the Securities and Exchange Commission within four business days of today's date. This concludes the agenda for the business portion of our meeting today. As there is no other formal business before us, I now declare the formal business portion of the meeting adjourned, and the ability to submit further questions through the web portal is closed. We will now conduct the question and answer session of our annual meeting. Please note that only questions that are relevant to our business operations will be answered, and there is a limit of one question per stockholder. We will attempt to answer as many questions as time allows.
I'll now turn it over to Katie Nale from our investor relations team to oversee this Q&A session.
Thank you, Chrysty. Before we begin, I would like to note that our responses to any questions today may include forward-looking statements. Actual results could differ materially from those contemplated by our forward-looking statements. Reported results should not be considered an indication of future performance. Please take a look at our filings with the Securities and Exchange Commission for a discussion of the factors that could cause our results to differ. Also, note that any forward-looking statements are based on information available to us as of today's date, and we disclaim any obligation to update any forward-looking statements except as required by law. Further, any discussion during this call of Cash App's banking services refer to those offered through our bank partners. Further, our responses may include discussion of certain non-GAAP financial measures.
Reconciliations to the most directly comparable GAAP financial measures are provided in our shareholder letter for prior quarters, other filings with the Securities and Exchange Commission or our historical financial information file, all of which are available on our investor relations website. These non-GAAP measures are not intended to be a substitute for our GAAP results. As we did not receive any further questions, we will now end the meeting. Thank you for joining us today.
Thank you for joining today's meeting. You may now disconnect.