Ladies and gentlemen, thank you for standing by, and welcome to YETI's twenty twenty Annual Meeting of Stockholders Conference Call. I would now like to turn the call over to the Chair of the Board to begin. Thank you.
The meeting will please come to order. Good morning or afternoon, depending on where you are, ladies and gentlemen. I'm David Elschnotick, Chair of the Board of the company and Chair of this meeting. And this is the company's twenty twenty Annual Meeting of Shareholders. I'd now like to introduce Brian Barksdale, Senior Vice President, General Counsel and Secretary of the company.
Mr. Barksdale will act as Secretary of this meeting.
Good morning. I'd like to begin by introducing the directors and officers that are present at this meeting. The directors include our chair, Dave Schneider, Frank Guebeault, Mary Lou Kelly, Dusty McCoy, Mike Najar, Matt Reiches, who is also our president and CEO, Roy Cedars, and Bob Scheer. Our board currently has eight members following the resignation of Jeff Lipsitz from the board effective as of 05/19/2020. Mr.
Lipsitz has been a valued member of our board since 2018, and we thank him for his service, leadership, and countless contributions to the company. In addition to mister Reintjes and me, the following officers are also present. Paul Carbone, senior vice president and chief financial officer Holly Castro, senior vice president of talent in ESG, Kirk Sam Betty, senior vice president of sales, and Brian Zingler, senior vice president of product. Mister Bob Johnson will serve as inspector of election and has taken the oath of office. This time, I'd also like to note that the members of the nominating and governance committee are Dave Schnotick, Mary Lou Kelly, and Bob Shearer.
If you've already voted your stock by mailing in your proxy card or by telephonic or Internet voting, it's not necessary to vote during the meeting. However, if you have not yet voted or you'd like to revoke or change your prior date proxy, you may electronically vote your respective shares during the meeting using the 16 digit control number included on your proxy card, voting instruction form, or the notice of Internet availability of proxy materials that was previously mailed to you. I'd like to introduce Tim Zechman of Grant Thornton, independent auditors of the company. Mister Zeckman has made himself available to respond to any questions during the meeting that were submitted in advance, and none were submitted. Mister Zeckman is present, however.
As secretary of the meeting, I will now report as to the delivery of the notice of annual meeting, the proxy statement and proxy card, and the annual report stockholders. I've received an affidavit of mailing from Broadridge Financial Solutions as to the mailing of Internet availability of proxy materials, which provides instructions for obtaining access to the proxy materials. And it was mailed, to the stockholders of record as of 03/25/2020. The company has also prepared an annual report, which includes financial statements certified by Grant Thornton. A copy of the annual report along with notice of the annual meeting, proxy statement, and proxy card were made available to each stockholder entitled to vote at this meeting, and they're available on the website indicated in the notice of Internet availability of proxy materials.
I will incorporate the affidavit of mailing from Broadridge and the annual report into the minutes of this meeting. Is the inspector of election ready to report as to the existence of a quorum?
On 03/25/2020, the record date for this annual meeting, there were 86,894,318 shares of common stock outstanding and entitled to vote per share. There are present at this annual meeting in person or by valid proxy holders of 81,732,787 shares of common stock, representing 94 o 5% of the eligible votes, and, this constitutes a quorum.
I declare that a quorum is present and the meeting is duly constituted. We may therefore proceed with voting. The time is 11:34AM central time, 12:34 eastern on 05/20/2020. I now declare the polls open.
The first matter to come for the meeting is the election of three class two directors. In accordance with the bylaws, the board of directors has affixed the number of directors at nine. Those are split into three equal three separate classes. The current class two directors are Mary Lou Kelly, Dustin e McCoy, and Robert k Shearer. The class one directors are Frank d Gebeau, Matt Reintjes, and Roy Cedars.
The class three directors are Michael E. Nejar and David L. Shnanek. The board of directors of the company recommends the following nominees to serve as class two directors of the company for the ensuing three years ending at the company's twenty twenty three annual meeting, Mary Lou Kelly, Dustin e McCoy, and Robert k Scherer.
I move for the election of each of Mary Lou Kelly, Dustin e McCoy, and Robert k Scherer as class two directors of the company.
The next order of business is the recommendation on advisory basis on the frequency of future nonbinding advisory votes on the compensation of our named executive officers.
I move for the recommendation that stockholders hold future advisory votes on the compensation program for our named executive officers every one year.
The next order of business is the ratification of the appointment of Grant Thornton as the company's independent registered public accounting firm for the fiscal year ending 01/02/2021. May I have a motion to ratify this appointment?
I move for the ratification of the appointment of Grant Thornton LLP as the company's independent registered public accounting firm for the fiscal year ending 01/02/2021. And the time now is 12:36 central time, twelve I'm sorry. 12:36 eastern time on 05/20/2020, and I declare the polls are now closed.
Will the inspector of election please report on the results of the vote?
The inspector of election reports that in the election of three class two directors, Mary Lou Kelly, Dustin e McCoy, and Robert k Shearer, have received the most affirmative votes cast in person or by proxy at this meeting. Over a majority of the votes cast in person or by proxy at this meeting have been voted in favor of holding future advisory votes on the compensation program for YETI's named executive officers every one year. And over a majority of the votes cast in person or by proxy at this meeting have been voted in favor of the ratification of the appointment of Grant Thornton as the company's independent registered public accounting firm for the fiscal year ending 01/02/2021.
Having received the report of the inspector of election, thank you, Bob, I declare that each of Mary Lou Kelly, Destiny McCoy, and Robert K. Scherer have been duly elected as class two directors of the company for the ensuing three years ending at the company's twenty twenty three annual meeting of stockholders, that the stockholders are recommended on an advisory basis to hold future nonbinding advisory votes on the compensation of our named executive officers every one year, and the appointment of Grant Thornton LLP as the company's independent registered public accounting firm for the fiscal year ending 01/02/2021 is hereby ratified.
This concludes the business portion of the annual meeting.
As no questions were submitted prior to this meeting, this meeting is hereby adjourned. Thank you all very much.