Good morning. My name is Cheree McAlpine, and I'm the Chief Legal Officer of Zoom Video Communications, Inc. I am very happy to welcome you to Zoom's 2024 Annual Stockholders Meeting. Before we begin, Zoom's Founder and CEO, and fellow stockholder, Eric Yuan, would like to say a few words. Eric?
Thank you, Cheree. Hey, good morning, everyone, and welcome. First of all, I want to start by thanking you all, our investors and our stockholders, for your continuous support of Zoom. In FY 2024, we took proactive steps to cement our transition from a video conferencing app to an AI-first open workplace platform and advanced towards our vision of one platform delivering limitless human connection. As a result, we are much better positioned than we were one year ago. Our AI technology and talent are stronger, our platform moat is much deeper, and our contact center offering is more robust, and our go-to-market teams are primed with defined goals and sharpened expertise to drive growth and empower our customers.
Thank you again, you know, for joining our Annual Stockholders Meeting, and I'm appointing Cheree McAlpine as the chair and secretary of this meeting, and we now turn things back over to her. Thank you.
Thank you, Eric. This meeting will now officially come to order. The time is now 10:03 A.M., Pacific Standard Time on Thursday, June 13th, 2024 , and the polls are now open for voting on all major matters to be presented. As you know, we are hosting today's meeting through a virtual online platform hosted by Broadridge. I'd like to introduce other members of the Zoom team who are with us today. The other members of the Zoom management team with us are Kelly Steckelberg, our CFO, Tom McCallum, our Head of Investor Relations, who will be retiring this summer, and Charles Eveslage, our incoming Head of Investor Relations. Also present virtually are the members of the Board of Directors, Dan Scheinman, General H.R. McMaster, Santi Subotovsky, sorry, Santi, and Jonathan Chadwick.
Also in attendance virtually is Candace Beyer of KPMG LLP, the company's independent registered public accounting firm. We will proceed with the formal business of the meeting in the order set forth in the notice of annual meeting and proxy statement, and we will first present the three proposals submitted for approval by our Board of Directors. We will take questions related to the proposals that have been submitted through the Broadridge portal after all the proposals have been presented, after which we will announce the preliminary results of the voting. As I mentioned earlier, the polls are open for voting on all matters to be presented. Each share of Class A Common Stock is entitled to one vote, and each share of Class B Common Stock is entitled to 10 votes. After I have described each item to be voted on, we will close the polls.
We will not accept ballots, proxies, revocations, or other changes after the closing of the polls. If you have already submitted your vote by proxy and do not wish to change your vote, you do not need to vote now, and your share will be voted as previously instructed. If you intend to vote and have not already done so, you must submit your vote online now in order for it to be counted. If you have not voted, I encourage you to vote online now. A copy of the rules of conduct of this meeting is available on Broadridge's portal. In order to conduct an orderly meeting, we ask that you follow these rules. Stockholders who are attending this meeting with a valid 16-digit control number may submit questions or comments through the text box located on the virtual meeting screen.
We will try to answer questions submitted that are relevant to the proposals if we have time. Charles Eveslage will screen incoming questions and during the Q&A portion of the meeting, we'll read germane questions out loud for Eric, Kelly, or myself to respond. Please submit your questions now to make sure that they are received in a timely fashion for our review and response. I have an affidavit signed by Broadridge stating that all appropriate shareholder meeting notices and documents were mailed commencing on May 2nd, 2024, to all shareholders of record as of April 15th, 2024, the record date. At this time, I'd like to introduce John Comer of The Carideo Group, who is present virtually. We have appointed John to act as Inspector of Elections at this meeting. John has taken and subscribed the customary oath of office to execute his duties with strict impartiality.
We will file this oath with the records of the meeting. His function is to decide upon the qualifications of voters, accept the votes, and when balloting on all matters is completed, to tally the final votes. I have been informed by the Inspector of Elections that proxies have been received for shares representing 79% of the aggregate voting power of the Class A Common Stock and Class B Common Stock outstanding on the Record Date. This constitutes a quorum for the meeting today, and we may now carry out the official business of the meeting. We will now proceed to the formal business of this meeting. After all the proposals have been described, we will answer any questions related to the proposals submitted online. As a reminder, we ask that any comments or questions during this portion of the meeting pertain only to these proposals.
Please submit any questions as soon as possible for our review. There are three proposals to be considered for the stockholders meeting today. The first item of business is the election of the Class II directors to serve until 2027 annual meeting, and until their successors are duly elected and qualified. The nominees for Class II directors are Jonathan Chadwick, Cindy Hoots, and Dan Scheinman. The second item for business today is the ratification of the appointment of the audit committee of our board of directors of KPMG LLP, as our independent registered public accounting firm for our fiscal year ending January 31st, 2025. The third item of business is to approve on an advisory, non-binding basis, the compensation of our named executive officers as disclosed in our proxy statement. There are no other proposals for today's meeting.
We will now review if there are any questions submitted about the proposals before we close the polls. As a reminder, we will only review and answer questions at this time that pertain to the proposals. Charles, are there any questions pertaining to the three proposals?
No, Cheree, there are no questions pertaining to the proposals.
The time is now 10:09 A.M. Pacific Standard Time on June 13, 2024. I am confirming that there are no questions, and the polls are now closed for voting. Based on the preliminary report of the Inspector of Elections covering the proposals presented at this meeting, the results are as follows: The proposal to elect Jonathan Chadwick, Cindy Hoots, and Dan Scheinman as Class II directors of the company is carried. The appointment of KPMG as the company's independent registered public accounting firm for the fiscal year, January 31, 2025, is ratified, and the compensation of our named officers and directors disclosed in our proxy statement on an advisory, non-binding basis is carried. This concludes the formal portion of today's meeting, and the annual meeting is now adjourned. Thank you again for your attendance at today's meeting and for your continued support of Zoom. Thank you, everyone.