Morning, and welcome to Block's 2025 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 2025 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. At this time, I'd like to introduce 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. I would also like to welcome the members of our board of directors who are attending today's meeting. We have appointed Chris Vico 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. Vico 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 the formal business portion, during which we will address the matters described in our 2025 proxy statement and vote on the proxy proposals. We will then announce preliminary voting results and adjourn the formal business 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 through the formal portion of the 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 the 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 21st, 2025, 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 25th, 2025. Ms. Vico reports that the holders of a majority of the 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 five 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 25th, 2025.
The first proposal is to elect three Class 1 directors, Jack Dorsey, Paul Deighton, and Neha Narula, to serve until our 2028 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 three 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 analysis, compensation tables, and narrative discussion and other related disclosure. The third proposal is to ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for our fiscal year ending December 31st, 2025. Our board of directors recommends a vote for the ratification of the appointment of Ernst & Young. The fourth proposal is to approve the 2025 Block Inc Equity Incentive Plan. Our board of directors recommends a vote for the approval of the 2025 Block Inc Equity Incentive Plan. The fifth and final proposal is to approve the Block Inc amended and restated 2015 Employee Stock Purchase Plan.
Our board of directors recommends a vote for the approval of the Block Inc amended and restated 2015 Employee Stock Purchase Plan. 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 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 Jack Dorsey, Paul Deighton, and Neha Narula as Class 1 directors to serve until the 2028 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. Ratified the appointment of Ernst & Young LLP as our independent registered public accounting firm for our fiscal year ending December 31st, 2025. Approved the 2025 Block Inc Equity Incentive Plan and approved the Block Inc amended and restated 2015 Employee Stock Purchase Plan. 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 Matt Ross from our investor relations team to oversee the 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 our lending and banking products refers to products that are offered through Square Financial Services or 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 letters 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 questions, we will now end the meeting. Thank you for joining us today.
This concludes today's meeting. Thank you for joining, and have a pleasant day.
The host has ended this call. Goodbye.