Good morning. My name is Cheree McAlpine, and I'm the Chief Legal Officer of Zoom Communications, Inc. I'm very happy to welcome you to Zoom's 2026 annual stockholders meeting. Before we begin, Zoom's Founder and CEO and fellow stockholder, Eric Yuan, would like to say a few words. Eric?
Hey, good morning, everyone, and welcome. I want to start by thanking all of our investors for your continued support of Zoom. FY 2026 was an important year for us, and we are incredibly proud of our execution across our three key priorities and the pace of our innovation. With AI, we delivered more value than ever to our customers as we elevated Zoom Workplace with AI, scaled AI-first customer experience, and launched new AI products. We are grateful to our investors, customers, partners, and Zoomies. Thank you once again for joining our annual stockholder meeting. I'm appointing Cheree McAlpine as secretary of this meeting, and I will now turn things back over to her. Thank you.
Thank you, Eric. The meeting will now officially come to order. The time is now 10:01 A.M. on Thursday, June 11th, 2026, and the polls are now open for voting on all matters to be presented. As you know, we are hosting today's meeting through our virtual online platform hosted by Broadridge. I'd like to introduce other members of the Zoom team who are also with us today. I have here with us today Michelle Chang, our CFO, and Charles Eveslage , our head of investor relations. Also present virtually are members of our Board of Directors. We have Dan Scheinman, Jonathan Chadwick, Santi Subotovsky, and Lieutenant General H.R. McMaster. Also in attendance virtually are Cecil Mak and [Candice Byers] of KPMG LLP, the company's independent registered public accounting firm.
We will now proceed with the formal business of the meeting in the order set forth in the notice of annual meeting and proxy statement. We will first present the three proposals submitted for approval by our board. 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 describe each item to be voted on, we will close the polls. We will not accept ballots, proxies, revocations, or 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 shares 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 for this meeting is available on the Broadridge 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 during the Q&A portion of the meeting, and we will read germane questions out loud for Eric, Michelle, or myself to respond. Please submit your questions now to make sure they are received in a timely fashion for our review and response. Please note that our discussion today may include forward-looking statements, and our actual results may differ materially from those discussed here. Additional information concerning factors that could cause such a difference can be found in our most recently filed quarterly report on Form 10-Q. All of our statements are made as of June 11th, 2026, based on the information available to us as of today. Except where required by law, we assume no obligation to update any such statements.
I have an affidavit signed by Broadridge stating that all appropriate shareholder meeting notices and documents were mailed commencing on April 30th, 2026, to all shareholders of record as of April 13th, 2026, the record date. At this time, I'd like to introduce Heather Obi of the Carideo Group, who is present virtually. We have appointed Heather to act as Inspector of Elections at this meeting. Heather has taken and subscribed the customary oath of office to execute her duties with strict impartiality. We will file this oath with the records of this meeting. Her function is to decide upon the qualifications of voters, accept their votes, and when balloting all matters is complete, to tally the final votes.
I have been informed by the Inspector of Elections that proxies have been received for shares representing approximately 72.09% 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 this meeting, and we may now carry out the official business of the meeting. We will now proceed with the formal business of the meeting. After all of 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 question pertain only to these proposals. Please submit any questions as soon as possible for our review. There are three proposals to be considered by the stockholders at this meeting.
The first item of business is the election of Class I directors to serve until our 2029 annual meeting of stockholders, and until their successors are duly elected and qualified. The nominees for Class I directors are Eric Yuan and Lieutenant General H.R. McMaster. The second item of business today is the ratification of the appointment by 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, 2027. 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 the time that pertains to these proposals. Charles, are there any questions pertaining to these three proposals? No, there's no questions pertaining to the proposals. Thank you, Charles. The time is now 10:07 A.M., 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 Eric Yuan and Lieutenant General H.R. McMaster as class I directors of the company is carried.
The appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending January 31st, 2027 is ratified. The compensation of our named executive officers, as 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. Goodbye