Welcome to Yext Inc. Twenty twenty one Annual Meeting of Stockholders. I would now like to introduce Howard Luhrmann, Chief Executive Officer of Yext Inc.
Good morning, ladies and gentlemen, and thank you for joining Yext twenty twenty one Annual Meeting of Stockholders. I will conduct the order of business for this meeting. We've asked Hoe Shin, our general counsel and corporate secretary, to record the minutes of this meeting. With us today are certain members of our board of directors and Hou Shen, our general counsel and corporate secretary Steve Cakebread, our chief financial officer Dominic Puchel, SVP, international finance and investor relations Irene Shih, assistant general counsel David Alpego, he represents Ernst and Young LLP and Tracy Oates, our inspector of elections. I will now turn the meeting over to Hoshin, who will conduct certain formalities.
This annual meeting is being held in accordance with the company's bylaws and Delaware law. During the formal meeting, we will address the matters described in the company's proxy statement dated 04/22/2021, which include the election of directors, the ratification of the appointment of Ernst and Young LLP as the company's independent public accountants for the fiscal year ending 01/31/2022, and the advisory vote to approve the compensation of the company's named executive officers. After balloting is completed, an announcement will be made regarding the preliminary results, and then the formal meeting will be adjourned. After we complete the formal meeting, there will be an opportunity for the stockholders to ask questions of the company's officers. During the formal meeting, questions should be restricted to the procedures for the meeting and the proposals under consideration.
Thank you for your understanding. Before we go any further, I would like to note that during the course of the stockholder meeting and the question and answer period afterwards, representatives of the company may make forward looking statements regarding future events or the future financial performance of the company, which involve risks and uncertainties. Such statements are only predictions, and actual events or results could differ materially from those predictions due to a number of risks and uncertainties. I refer you to the documents the company files from time to time with the Securities and Exchange Commission, specifically the company's annual report on Form 10 k for the year ended Jan thirty one twenty twenty one, the company's quarterly report on Form 10 q for the quarter ended 04/30/2021, and the company's current reports on Form eight k. These documents contain and identify risks that could cause actual results to differ materially from those contained in our projections or forward looking statements.
I have proof by affidavit that notice of this meeting has been duly given, and the notice of Internet availability of proxy materials was mailed on on or about 04/26/2021 to all stockholders of record at the close of business on 04/15/2021, the record date for the meeting. The affidavit together with copies of the notice, proxy statement, and proxy will be filed with the minutes of the meeting. We've appointed Tracy Oates, a representative of Broadridge Financial Solutions Inc, to act as inspector of election for this annual meeting. The inspector of election has signed an oath of office, which will be filed with the minutes of this meeting. The inspector of election has advised me that we have present in person or by proxy a sufficient number of shares to constitute a quorum.
Therefore, the meeting is duly constituted, and we may proceed with business. We will vote by proxy through our online voting polls. Each holder of common stock is entitled to one vote for each share of common stock held of record at the close of business on the record date. Let me briefly describe the voting procedures. If you have previously turned in your proxy and you did not intend to change your vote, it is not necessary that you complete another proxy or ballot.
Your vote will be counted. If you are eligible and have not submitted your proxy or if you wanna change your vote, please submit your ballot electronically when the voting polls are open. The votes cast today will be counted in the final tally along with the proxies previously received. I would now like to turn the meeting over to Howard Lerman who will present the proposals as they appear in the proxy statement. Sorry, Howard.
You're muted.
The first item of business is the election of the class one directors. This item is discussed on page 44 in the proxy statement. The company's board of directors presently has nine members and is divided into three classes of three directors, each with a three year term. The three class one directors will be elected at today's meeting. Those three nominees receiving the highest number of votes of the shares present in person or represented by proxy at this meeting and entitled to vote will be elected as directors.
Directors elected at today's meeting will hold office until the twenty twenty four annual meeting of stockholders or until their successors are duly elected and qualified. As indicated in the company's proxy statement, the following three individuals have been nominated by the board of directors to serve as class one directors, Brian Distelberger, Howard Luhrmann, and Julie Richardson. The company's bylaws require that a stockholder provide advanced notice to the company of a stockholder's intent to nominate persons as directors. No such notice was received. Accordingly, I declare the nominations for directors closed.
The next item of business is to ratify the appointment of Ernst and Young LLP as independent auditors for the company for the fiscal year ending 01/31/2022. This item is discussed on pages forty four and forty five in the proxy statement. The audit committee of the board, which is composed entirely of nonemployee directors, recommended to the board of directors that Ernst and Young LLP be appointed as independent auditors. As our independent auditors, Ernst and Young LLP would audit our consolidated financial statements for the fiscal year ending 01/31/2022 and perform audit related services and consultation in connection with various accounting and financial reporting matters. The board approved the selection of Ernst and Young LLP as independent auditors for the fiscal year ending 01/31/2022 and is asking the stockholders for ratification of the selection.
Stockholder ratification is not required by the company's bylaws. However, the board is submitting this to the stockholders for ratification as a matter of good corporate practice. If the stockholders do not approve the selection of Ernst and Young LLP as independent auditors, the board and the audit committee will review its future selection of independent auditors. The board of directors recommends that stockholders vote in favor of this proposal. The next item of business is to hold an advisory vote to approve the compensation of the company's named executive officers.
This item is discussed on pages forty six and forty seven in the proxy statement. The board of directors recommends stockholders vote in favor of this proposal. Does anyone have any questions regarding voting procedures or the the three proposals up for vote?
You may ask a question by submitting it in the q and a section on the website. Please feel free to submit your questions now. As there are no questions in the queue, I'd like to turn the meeting back to Hoshin for polling.
Okay. Looking at the time, it is now 08:40 eastern time on 06/08/2021. Polls are now open. You may cap the vote online until the polls close in in two minutes at 08:42 eastern time. If you are voting today, you must time in order for them to be counted by.
The inspector will not or codes or any changes or revocations submitted after the closing polls. It was now 08:42 on 06/08/2021, and the polls for each matter to be voted on at this meeting are now closed. No additional ballots, proxies, or votes, and no changes or revocations will be accepted.
The proxies and ballots previously submitted have been tabulated by the inspector of election. Any votes cast today, including those submitted electronically during the meeting, will be counted in the final tally. At this time, the inspector of election will announce the preliminary results with the voting.
With regard to proposal one, the three nominees who received the highest number of affirmative votes were the three individuals nominated by the company's board of directors. Each of these individuals have therefore been elected as a director of the company to hold office until the twenty twenty four annual meeting of stockholders or until his or her successor is duly elected and qualified. With regard to proposal two, the appointment of Ernst and Young LLP to act as the company's independent auditor for the fiscal year ending 01/31/2022 has been ratified by a majority of the shares present in person or by proxy and entitled to vote. With regard to proposal three, the compensation of the company's named executive officers as described in the company's proxy statement has been approved on an advisory and nonbinding basis by a majority of the shares present in person or by proxy and entitled to vote.
These are the preliminary results of voting. The final count may vary following final review of the proxies and ballots. Final results of voting, including any ballots and proxies recorded during this meeting, will be reflected in the report of the inspector of election and will be included in the minutes of the meeting as well as our report filed with the SEC. This annual meeting of stockholders is now adjourned. Thank you for your attendance.
We will now proceed with the question and answer period.
You may ask a question by submitting it in the q and a section on the website. Please feel free to submit your questions now. As there are no questions in the queue, I'd like to turn the meeting back to Howard for closing remarks.
I wanna thank you all for attending today's meeting and for the interest you have shown in the affairs of Yext. We very much appreciate your attendance, and as always, thank you for your support.
This concludes Yext Inc. Twenty twenty one annual meeting of stockholders. Enjoy the rest of your day.