UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________
FORM N-PX
________
ANNUAL REPORT OF PROXY VOTING RECORD OF
REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act File Number: 811-06400
The Advisors’ Inner Circle Fund
(Exact name of registrant as specified in charter)
________
101 Federal Street
Boston, Massachusetts 02110
(Address of principal executive offices)
________
Michael Beattie, President
The Advisors’ Inner Circle Fund
c/o SEI Investments
One Freedom Valley Drive
Oaks, PA 19456
(Name and address of agent for service)
________
Registrant’s telephone number, including area code: 1-877-446-3863
Date of Fiscal Year End: December 31
Date of Reporting Period: July 1, 2022 to June 30, 2023
________
Item 1. Proxy Voting Record.
Attached are the proxy voting records for:
Sarofim Equity Fund
A series of The Advisors’ Inner Circle Fund
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
ABBOTT LABORATORIES
Security ID: 002824100
Ticker: ABT
Meeting Date: 28-Apr-23
1a. | Elect Robert J. Alpern | Management | For | Voted - For |
1b. | Elect Claire Babineaux-Fontenot | Management | For | Voted - For |
1c. | Elect Sally E. Blount | Management | For | Voted - For |
1d. | Elect Robert B. Ford | Management | For | Voted - For |
1e. | Elect Paola Gonzalez | Management | For | Voted - For |
1f. | Elect Michelle A. Kumbier | Management | For | Voted - For |
1g. | Elect Darren W. McDew | Management | For | Voted - For |
1h. | Elect Nancy McKinstry | Management | For | Voted - For |
1i. | Elect Michael G. O'Grady | Management | For | Voted - For |
1j. | Elect Michael F. Roman | Management | For | Voted - For |
1k. | Elect Daniel J. Starks | Management | For | Voted - For |
1l. | Elect John G. Stratton | Management | For | Voted - For |
2. | Ratification of Auditor | Management | For | Voted - For |
3. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
4. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
5. | Shareholder Proposal Regarding Right to Call Special Meetings | Shareholder | Against | Voted - Against |
6. | Shareholder Proposal Regarding Independent Chair | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Lobbying Report | Shareholder | Against | Voted - Against |
8. | Shareholder Proposal Prohibiting Adjustments for Legal and Compliance Costs | Shareholder | Against | Voted - Against |
ADOBE INC
Security ID: 00724F101
Ticker: ADBE
Meeting Date: 20-Apr-23
1a. | Elect Amy L. Banse | Management | For | Voted - For |
1b. | Elect Brett Biggs | Management | For | Voted - For |
1c. | Elect Melanie Boulden | Management | For | Voted - For |
1d. | Elect Frank A. Calderoni | Management | For | Voted - For |
1e. | Elect Laura B. Desmond | Management | For | Voted - For |
1f. | Elect Shantanu Narayen | Management | For | Voted - For |
1g. | Elect Spencer Neumann | Management | For | Voted - For |
1h. | Elect Kathleen Oberg | Management | For | Voted - For |
1i. | Elect Dheeraj Pandey | Management | For | Voted - For |
1j. | Elect David A. Ricks | Management | For | Voted - For |
1k. | Elect Daniel Rosensweig | Management | For | Voted - For |
1l. | Elect John E. Warnock | Management | For | Voted - For |
2. | Amendment to the 2019 Equity Incentive Plan | Management | For | Voted - For |
3. | Ratification of Auditor | Management | For | Voted - For |
4. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
1
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
5. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
6. | Shareholder Proposal Regarding Report on Hiring Practices for People With Arrest Records | Shareholder | Against | Voted - Against |
AIR PRODUCTS & CHEMICALS INC.
Security ID: 009158106
Ticker: APD
Meeting Date: 26-Jan-23
1a. | Elect Tonit M. Calaway | Management | For | Voted - For |
1b. | Elect Charles I. Cogut | Management | For | Voted - For |
1c. | Elect Lisa A. Davis | Management | For | Voted - For |
1d. | Elect Seifollah Ghasemi | Management | For | Voted - For |
1e. | Elect David H. Y. Ho | Management | For | Voted - For |
1f. | Elect Edward L. Monser | Management | For | Voted - For |
1g. | Elect Matthew H. Paull | Management | For | Voted - For |
1h. | Elect Wayne T. Smith | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
ALTRIA GROUP INC.
Security ID: 02209S103
Ticker: MO
Meeting Date: 18-May-23
1a. | Elect Ian L.T. Clarke | Management | For | Voted - For |
1b. | Elect Marjorie M. Connelly | Management | For | Voted - For |
1c. | Elect R. Matt Davis | Management | For | Voted - For |
1d. | Elect William F. Gifford, Jr. | Management | For | Voted - For |
1e. | Elect Jacinto J. Hernandez | Management | For | Voted - For |
1f. | Elect Debra J. Kelly-Ennis | Management | For | Voted - For |
1g. | Elect Kathryn B. McQuade | Management | For | Voted - For |
1h. | Elect George Muñoz | Management | For | Voted - For |
1i. | Elect Nabil Y. Sakkab | Management | For | Voted - For |
1j. | Elect Virginia E. Shanks | Management | For | Voted - For |
1k. | Elect Ellen R. Strahlman | Management | For | Voted - For |
1l. | Elect M. Max Yzaguirre | Management | For | Voted - For |
2. | Ratification of Auditor | Management | For | Voted - For |
3. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
4. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
5. | Shareholder Proposal Regarding Report on Political Expenditures and Values Congruency | Shareholder | Against | Voted - Against |
6. | Shareholder Proposal Regarding Civil Rights Audit | Shareholder | Against | Voted - Against |
2
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
AMAZON.COM INC.
Security ID: 023135106
Ticker: AMZN
Meeting Date: 24-May-23
1a. | Elect Jeffrey P. Bezos | Management | For | Voted - For |
1b. | Elect Andrew R. Jassy | Management | For | Voted - For |
1c. | Elect Keith B. Alexander | Management | For | Voted - For |
1d. | Elect Edith W. Cooper | Management | For | Voted - For |
1e. | Elect Jamie S. Gorelick | Management | For | Voted - For |
1f. | Elect Daniel P. Huttenlocher | Management | For | Voted - For |
1g. | Elect Judith A. McGrath | Management | For | Voted - Against |
1h. | Elect Indra K. Nooyi | Management | For | Voted - For |
1i. | Elect Jonathan J. Rubinstein | Management | For | Voted - For |
1j. | Elect Patricia Q. Stonesifer | Management | For | Voted - For |
1k. | Elect Wendell P. Weeks | Management | For | Voted - For |
2. | Ratification of Auditor | Management | For | Voted - For |
3. | Advisory Vote on Executive Compensation | Management | For | Voted - Against |
4. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
5. | Amendment to the 1997 Stock Incentive Plan | Management | For | Voted - For |
6. | Shareholder Proposal Regarding Report on Climate Risk In Employee Retirement Default Options | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Report on Customer Due Diligence | Shareholder | Against | Voted - Against |
8. | Shareholder Proposal Regarding Report on Government Requests for Content and Product Removal | Shareholder | Against | Voted - Against |
9. | Shareholder Proposal Regarding Report on Government Takedown Requests | Shareholder | Against | Voted - Against |
10. | Shareholder Proposal Regarding Just Transition Reporting | Shareholder | Against | Voted - Against |
11. | Shareholder Proposal Regarding Report on Tax Transparency | Shareholder | Against | Voted - Against |
12. | Shareholder Proposal Regarding Lobbying Alignment with Climate Commitments | Shareholder | Against | Voted - Against |
13. | Shareholder Proposal Regarding Median Gender and Racial Pay Equity Report | Shareholder | Against | Voted - Against |
14. | Shareholder Proposal Regarding Cost Benefit Analysis of DEI Programs | Shareholder | Against | Voted - Against |
15. | Shareholder Proposal Regarding Shareholder Approval of Advance Notice Provisions | Shareholder | Against | Voted - Against |
16. | Shareholder Proposal Regarding Third-Party Assessment of Freedom of Association | Shareholder | Against | Voted - Against |
17. | Shareholder Proposal Regarding Employee Salary Considerations When Setting Executive Compensation | Shareholder | Against | Voted - Against |
18. | Shareholder Proposal Regarding Report Evaluating Animal Welfare Standards | Shareholder | Against | Voted - Against |
19. | Shareholder Proposal Regarding Formation of Public Policy Committee | Shareholder | Against | Voted - Against |
20. | Shareholder Proposal Regarding Hourly Associate Representation on the Board | Shareholder | Against | Voted - Against |
3
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
21. | Shareholder Proposal Regarding Report on Working Conditions | Shareholder | Against | Voted - Against |
22. | Shareholder Proposal Regarding Report on Plastic Packaging | Shareholder | Against | Voted - Against |
23. | Shareholder Proposal Regarding the Human Rights Impacts of Facial Recognition Technology | Shareholder | Against | Voted - Against |
APPLE INC
Security ID: 037833100
Ticker: AAPL
Meeting Date: 10-Mar-23
1a | Elect James A. Bell | Management | For | Voted - For |
1b | Elect Timothy D. Cook | Management | For | Voted - For |
1c | Elect Albert A. Gore | Management | For | Voted - For |
1d | Elect Alex Gorsky | Management | For | Voted - For |
1e | Elect Andrea Jung | Management | For | Voted - For |
1f | Elect Arthur D. Levinson | Management | For | Voted - For |
1g | Elect Monica C. Lozano | Management | For | Voted - For |
1h | Elect Ronald D. Sugar | Management | For | Voted - For |
1i | Elect Susan L. Wagner | Management | For | Voted - For |
2. | Ratification of Auditor | Management | For | Voted - For |
3. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
4. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
5. | Shareholder Proposal Regarding Civil Rights Audit | Shareholder | Against | Voted - Against |
6. | Shareholder Proposal Regarding Report on Corporate Operations with China | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Shareholder Engagement with the Board | Shareholder | Against | Voted - Against |
8. | Shareholder Proposal Regarding Median Gender and Racial Pay Equity Report | Shareholder | Against | Voted - Against |
9. | Shareholder Proposal Regarding Proxy Access Bylaw Amendment | Shareholder | Against | Voted - Against |
ASML HOLDING NV
Security ID: N07059210
Ticker: ASML
Meeting Date: 26-Apr-23
3a | Remuneration Report | Management | For | Voted - For |
3b | Accounts and Reports | Management | For | Voted - For |
3d | Allocation of Dividends | Management | For | Voted - For |
4a | Ratification of Management Board Acts | Management | For | Voted - For |
4b | Ratification of Supervisory Board Acts | Management | For | Voted - For |
5 | Long-Term Incentive Plan; Authority to Issue Shares | Management | For | Voted - For |
6a | Supervisory Board Remuneration Policy | Management | For | Voted - For |
6b | Supervisory Board Fees | Management | For | Voted - For |
8a | Elect Nils Andersen to the Supervisory Board | Management | For | Voted - For |
8b | Elect Jack P. de Kreij to the Supervisory Board | Management | For | Voted - For |
4
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
9 | Appointment of Auditor | Management | For | Voted - For |
10a | Authority to Issue Shares w/ Preemptive Rights | Management | For | Voted - For |
10b | Authority to Suppress Preemptive Rights | Management | For | Voted - For |
11 | Authority to Repurchase Shares | Management | For | Voted - For |
12 | Cancellation of Shares | Management | For | Voted - For |
ASTRAZENECA PLC
Security ID: 046353108
Ticker: AZN
Meeting Date: 27-Apr-23
1. | Accounts and Reports | Management | For | Voted - For |
2. | Final Dividend | Management | For | Voted - For |
3. | Appointment of Auditor | Management | For | Voted - For |
4. | Authority to Set Auditor's Fees | Management | For | Voted - For |
5a. | Elect Michel Demaré | Management | For | Voted - For |
5b. | Elect Pascal Soriot | Management | For | Voted - For |
5c. | Elect Aradhana Sarin | Management | For | Voted - For |
5d. | Elect Philip Broadley | Management | For | Voted - For |
5e. | Elect Euan Ashley | Management | For | Voted - For |
5f. | Elect Deborah DiSanzo | Management | For | Voted - For |
5g. | Elect Diana Layfield | Management | For | Voted - For |
5h. | Elect Sherilyn S. McCoy | Management | For | Voted - For |
5i. | Elect Tony MOK Shu Kam | Management | For | Voted - For |
5j. | Elect Nazneen Rahman | Management | For | Voted - For |
5k. | Elect Andreas Rummelt | Management | For | Voted - For |
5l. | Elect Marcus Wallenberg | Management | For | Voted - For |
6. | Remuneration Report | Management | For | Voted - For |
7. | Authorisation of Political Donations | Management | For | Voted - For |
8. | Authority to Issue Shares w/ Preemptive Rights | Management | For | Voted - For |
9. | Authority to Issue Shares w/o Preemptive Rights | Management | For | Voted - For |
10. | Authority to Issue Shares w/o Preemptive Rights (Specified Capital Investment) | Management | For | Voted - For |
11. | Authority to Repurchase Shares | Management | For | Voted - For |
12. | Authority to Set General Meeting Notice Period at 14 Days | Management | For | Voted - For |
13. | Adoption of New Articles | Management | For | Voted - For |
AUTOMATIC DATA PROCESSING INC.
Security ID: 053015103
Ticker: ADP
Meeting Date: 09-Nov-22
1a. | Elect Peter E. Bisson | Management | For | Voted - For |
1b. | Elect David V. Goeckeler | Management | For | Voted - For |
1c. | Elect Linnie M. Haynesworth | Management | For | Voted - For |
1d. | Elect John P. Jones | Management | For | Voted - For |
1e. | Elect Francine S. Katsoudas | Management | For | Voted - For |
5
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
1f. | Elect Nazzic S. Keene | Management | For | Voted - For |
1g. | Elect Thomas J. Lynch | Management | For | Voted - For |
1h. | Elect Scott F. Powers | Management | For | Voted - For |
1i. | Elect William J. Ready | Management | For | Voted - For |
1j. | Elect Carlos A. Rodriguez | Management | For | Voted - For |
1k. | Elect Sandra S. Wijnberg | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Ratification of Auditor | Management | For | Voted - For |
4. | Amendment to the Employee Stock Purchase Plan | Management | For | Voted - For |
BERKSHIRE HATHAWAY INC.
Security ID: 084670702
Ticker: BRKA
Meeting Date: 06-May-23
Elect Warren E. Buffett | Management | For | Voted - For | |
Elect Charles T. Munger | Management | For | Voted - For | |
Elect Gregory E. Abel | Management | For | Voted - For | |
Elect Howard G. Buffett | Management | For | Voted - For | |
Elect Susan A. Buffett | Management | For | Voted - For | |
Elect Stephen B. Burke | Management | For | Voted - For | |
Elect Kenneth I. Chenault | Management | For | Voted - For | |
Elect Christopher C. Davis | Management | For | Voted - For | |
Elect Susan L. Decker | Management | For | Voted - For | |
Elect Charlotte Guyman | Management | For | Voted - For | |
Elect Ajit Jain | Management | For | Voted - For | |
Elect Thomas S. Murphy, Jr. | Management | For | Voted - For | |
Elect Ronald L. Olson | Management | For | Voted - For | |
Elect Wallace R. Weitz | Management | For | Voted - For | |
Elect Meryl B. Witmer | Management | For | Voted - For | |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Shareholder Proposal Regarding Climate Report | Shareholder | Against | Voted - Against |
5. | Shareholder Proposal Regarding Disclosure and Oversight of Climate Change Risks | Shareholder | Against | Voted - Against |
6. | Shareholder Proposal Regarding Aligning GHG Reductions with Paris Agreement | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Diversity and Inclusion Report | Shareholder | Against | Voted - Against |
8. | Shareholder Proposal Regarding Independent Chair | Shareholder | Against | Voted - Against |
9. | Shareholder Proposal Regarding Public Positions on Political Speech | Shareholder | Against | Voted - Against |
6
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
BLACKROCK INC.
Security ID: 09247X101
Ticker: BLK
Meeting Date: 24-May-23
1a. | Elect Bader M. Alsaad | Management | For | Voted - For |
1b. | Elect Pamela Daley | Management | For | Voted - For |
1c. | Elect Laurence D. Fink | Management | For | Voted - For |
1d. | Elect William E. Ford | Management | For | Voted - For |
1e. | Elect Fabrizio Freda | Management | For | Voted - For |
1f. | Elect Murry S. Gerber | Management | For | Voted - For |
1g. | Elect Margaret “Peggy” L. Johnson | Management | For | Voted - For |
1h. | Elect Robert S. Kapito | Management | For | Voted - For |
1i. | Elect Cheryl D. Mills | Management | For | Voted - For |
1j. | Elect Gordon M. Nixon | Management | For | Voted - For |
1k. | Elect Kristin C. Peck | Management | For | Voted - For |
1l. | Elect Charles H. Robbins | Management | For | Voted - For |
1m. | Elect Marco Antonio Slim Domit | Management | For | Voted - For |
1n. | Elect Hans E. Vestberg | Management | For | Voted - For |
1o. | Elect Susan L. Wagner | Management | For | Voted - For |
1p. | Elect Mark Wilson | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
5. | Shareholder Proposal Regarding Civil Rights Audit | Shareholder | Against | Voted - Against |
6. | Shareholder Proposal Regarding Report on Pension Fund Clients’ Investment Returns | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Report on Material Risks of iShares ETF | Shareholder | Against | Voted - Against |
BROADRIDGE FINANCIAL SOLUTIONS, INC.
Security ID: 11133T103
Ticker: BR
Meeting Date: 10-Nov-22
1a. | Elect Leslie A. Brun | Management | For | Voted - For |
1b. | Elect Pamela L. Carter | Management | For | Voted - For |
1c. | Elect Richard J. Daly | Management | For | Voted - For |
1d. | Elect Robert N. Duelks | Management | For | Voted - For |
1e. | Elect Melvin L. Flowers | Management | For | Voted - For |
1f. | Elect Timothy C. Gokey | Management | For | Voted - For |
1g. | Elect Brett A. Keller | Management | For | Voted - For |
1h. | Elect Maura A. Markus | Management | For | Voted - For |
1i. | Elect Eileen K. Murray | Management | For | Voted - For |
1j. | Elect Annette L. Nazareth | Management | For | Voted - For |
1k. | Elect Thomas J. Perna | Management | For | Voted - For |
1l. | Elect Amit K. Zavery | Management | For | Voted - For |
2) | Advisory Vote on Executive Compensation | Management | For | Voted - For |
7
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
3) | Ratification of Auditor | Management | For | Voted - For |
CANADIAN PACIFIC KANSAS CITY LIMITED
Security ID: 13646K108
Ticker: CP
Meeting Date: 15-Jun-23
1 | Appointment of Auditor | Management | For | Voted - For |
2 | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3 | Advisory Vote on Approach to Climate Change | Management | For | Voted - For |
4A | Elect John Baird | Management | For | Voted - For |
4B | Elect Isabelle Courville | Management | For | Voted - For |
4C | Elect Keith E. Creel | Management | For | Voted - For |
4D | Elect Gillian H. Denham | Management | For | Voted - For |
4E | Elect Antonio Garza | Management | For | Voted - For |
4F | Elect David Garza-Santos | Management | For | Voted - For |
4G | Elect Edward R. Hamberger | Management | For | Voted - For |
4H | Elect Janet H. Kennedy | Management | For | Voted - For |
4I | Elect Henry J. Maier | Management | For | Voted - For |
4J | Elect Matthew H. Paull | Management | For | Voted - For |
4K | Elect Jane L. Peverett | Management | For | Voted - For |
4L | Elect Andrea Robertson | Management | For | Voted - For |
4M | Elect Gordon T. Trafton | Management | For | Voted - For |
CHEVRON CORP.
Security ID: 166764100
Ticker: CVX
Meeting Date: 31-May-23
1a. | Elect Wanda M. Austin | Management | For | Voted - For |
1b. | Elect John B. Frank | Management | For | Voted - For |
1c. | Elect Alice P. Gast | Management | For | Voted - For |
1d. | Elect Enrique Hernandez, Jr. | Management | For | Voted - For |
1e. | Elect Marillyn A. Hewson | Management | For | Voted - For |
1f. | Elect Jon M. Huntsman Jr. | Management | For | Voted - For |
1g. | Elect Charles W. Moorman | Management | For | Voted - For |
1h. | Elect Dambisa F. Moyo | Management | For | Voted - For |
1i. | Elect Debra L. Reed-Klages | Management | For | Voted - For |
1j. | Elect D. James Umpleby III | Management | For | Voted - For |
1k. | Elect Cynthia J. Warner | Management | For | Voted - For |
1l. | Elect Michael K. Wirth | Management | For | Voted - For |
2. | Ratification of Auditor | Management | For | Voted - For |
3. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
4. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
5. | Shareholder Proposal Regarding Rescission of Majority-Supported Shareholder Proposal | Shareholder | Against | Voted - Against |
6. | Shareholder Proposal Regarding Medium-Term Scope 3 Target | Shareholder | Against | Voted - Against |
8
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
7. | Shareholder Proposal Regarding Recalculated Emissions Baseline | Shareholder | Against | Voted - Against |
8. | Shareholder Proposal Regarding Formation of Decarbonization Risk Committee | Shareholder | Against | Voted - Against |
9. | Shareholder Proposal Regarding Just Transition Reporting | Shareholder | Against | Voted - Against |
10. | Shareholder Proposal Regarding Racial Equity Audit | Shareholder | Against | Voted - Against |
11. | Shareholder Proposal Regarding Report on Tax Transparency | Shareholder | Against | Voted - Against |
12. | Shareholder Proposal Regarding Independent Chair | Shareholder | Against | Voted - Against |
COCA-COLA CO
Security ID: 191216100
Ticker: KO
Meeting Date: 25-Apr-23
1a. | Elect Herbert A. Allen, III | Management | For | Voted - For |
1b. | Elect Marc Bolland | Management | For | Voted - For |
1c. | Elect Ana Patricia Botín-Sanz de Sautuola y O'Shea | Management | For | Voted - For |
1d. | Elect Christopher C. Davis | Management | For | Voted - For |
1e. | Elect Barry Diller | Management | For | Voted - For |
1f. | Elect Carolyn N. Everson | Management | For | Voted - For |
1g. | Elect Helene D. Gayle | Management | For | Voted - For |
1h. | Elect Alexis M. Herman | Management | For | Voted - For |
1i. | Elect Maria Elena Lagomasino | Management | For | Voted - For |
1j. | Elect Amity Millhiser | Management | For | Voted - For |
1k. | Elect James Quincey | Management | For | Voted - For |
1l. | Elect Caroline J. Tsay | Management | For | Voted - For |
1m. | Elect David B. Weinberg | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
5. | Shareholder Proposal Regarding Racial Equity Audit | Shareholder | Against | Voted - Against |
6. | Shareholder Proposal Regarding Transparency Report on Global Public Policy and Political Influence | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Report on Political Expenditures and Values Congruency | Shareholder | Against | Voted - Against |
8. | Shareholder Proposal Regarding Independent Chair | Shareholder | Against | Voted - Against |
9. | Shareholder Proposal Regarding Report On Risks From State Policies Restricting Reproductive Health Care | Shareholder | Against | Voted - Against |
COMCAST CORP
Security ID: 20030N101
Ticker: CMCSA
Meeting Date: 07-Jun-23
Elect Kenneth J. Bacon | Management | For | Voted - Withheld | |
Elect Thomas J. Baltimore, Jr. | Management | For | Voted - For | |
Elect Madeline S. Bell | Management | For | Voted - For |
9
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
Elect Edward D. Breen | Management | For | Voted - For | |
Elect Gerald L. Hassell | Management | For | Voted - For | |
Elect Jeffrey A. Honickman | Management | For | Voted - For | |
Elect Maritza Gomez Montiel | Management | For | Voted - For | |
Elect Asuka Nakahara | Management | For | Voted - For | |
Elect David C. Novak | Management | For | Voted - For | |
Elect Brian L. Roberts | Management | For | Voted - For | |
2. | Ratification of Auditor | Management | For | Voted - For |
3. | Approval of the 2023 Omnibus Equity Incentive Plan | Management | For | Voted - For |
4. | Amendment to the 2002 Employee Stock Purchase Plan | Management | For | Voted - For |
5. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
6. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
7. | Shareholder Proposal Regarding Racial Equity Audit | Shareholder | Against | Voted - Against |
8. | Shareholder Proposal Regarding Report on Climate Risk In Employee Retirement Default Options | Shareholder | Against | Voted - Against |
9. | Shareholder Proposal Regarding GHG Targets and Alignment with Paris Agreement | Shareholder | Against | Voted - Against |
10. | Shareholder Proposal Regarding Report on Political Expenditures and Values Congruency | Shareholder | Against | Voted - Against |
11. | Shareholder Proposal Regarding Report on Corporate Operations with China | Shareholder | Against | Voted - Against |
ENTERPRISES PRODUCTS PARTNERS L.P
Security ID: 293792107
Ticker: EPD
Meeting Date: 22-Nov-22
1. | Amendment to the 2008 Long-Term Incentive Plan | Management | For | Voted - For |
2. | Amendment to the Unit Purchase Plan | Management | For | Voted - For |
EOG RESOURCES, INC.
Security ID: 26875P101
Ticker: EOG
Meeting Date: 24-May-23
1a. | Elect Janet F. Clark | Management | For | Voted - For |
1b. | Elect Charles R. Crisp | Management | For | Voted - For |
1c. | Elect Robert P. Daniels | Management | For | Voted - For |
1d. | Elect Lynn A. Dugle | Management | For | Voted - For |
1e. | Elect C. Christopher Gaut | Management | For | Voted - For |
1f. | Elect Michael T. Kerr | Management | For | Voted - For |
1g. | Elect Julie J. Robertson | Management | For | Voted - For |
1h. | Elect Donald F. Textor | Management | For | Voted - For |
1i. | Elect Ezra Y. Yacob | Management | For | Voted - For |
2. | Ratification of Auditor | Management | For | Voted - For |
3. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
4. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
10
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
ESTEE LAUDER COS., INC.
Security ID: 518439104
Ticker: EL
Meeting Date: 18-Nov-22
1a. | Elect Ronald S. Lauder | Management | For | Voted - For |
1b. | Elect William P. Lauder | Management | For | Voted - For |
1c. | Elect Richard D. Parsons | Management | For | Voted - Withheld |
1d. | Elect Lynn Forester de Rothschild | Management | For | Voted - For |
1e. | Elect Jennifer Tejada | Management | For | Voted - For |
1f. | Elect Richard F. Zannino | Management | For | Voted - For |
2. | Ratification of Auditor | Management | For | Voted - For |
3. | Advisory Vote on Executive Compensation | Management | For | Voted - Against |
EXXON MOBIL CORP.
Security ID: 30231G102
Ticker: XOM
Meeting Date: 31-May-23
1a. | Elect Michael J. Angelakis | Management | For | Voted - For |
1b. | Elect Susan K. Avery | Management | For | Voted - For |
1c. | Elect Angela F. Braly | Management | For | Voted - For |
1d. | Elect Gregory J. Goff | Management | For | Voted - For |
1e. | Elect John D. Harris II | Management | For | Voted - For |
1f. | Elect Kaisa H. Hietala | Management | For | Voted - For |
1g. | Elect Joseph L. Hooley | Management | For | Voted - For |
1h. | Elect Steven A. Kandarian | Management | For | Voted - For |
1i. | Elect Alexander A. Karsner | Management | For | Voted - For |
1j. | Elect Lawrence W. Kellner | Management | For | Voted - For |
1k. | Elect Jeffrey W. Ubben | Management | For | Voted - For |
1l. | Elect Darren W. Woods | Management | For | Voted - For |
2. | Ratification of Auditor | Management | For | Voted - For |
3. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
4. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
5. | Shareholder Proposal Regarding Formation of Decarbonization Risk Committee | Shareholder | Against | Voted - Against |
6. | Shareholder Proposal Regarding Retention of Shares Until Normal Retirement Age | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Report on Carbon Capture and Storage | Shareholder | Against | Voted - Against |
8. | Shareholder Proposal Regarding Methane Emission Disclosures | Shareholder | Against | Voted - Against |
9. | Shareholder Proposal Regarding Medium-Term Scope 3 Target | Shareholder | Against | Voted - Against |
10. | Shareholder Proposal Regarding Report on Guyanese Operations | Shareholder | Against | Voted - Against |
11. | Shareholder Proposal Regarding Recalculated Emissions Baseline | Shareholder | Against | Voted - Against |
11
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
12. | Shareholder Proposal Regarding Audited Report on Asset Retirement Obligations | Shareholder | Against | Voted - Against |
13. | Shareholder Proposal Regarding Addressing Virgin Plastic Demand | Shareholder | Against | Voted - Against |
14. | Shareholder Proposal Regarding Environmental Litigation | Shareholder | Against | Voted - Against |
15. | Shareholder Proposal Regarding Report on Tax Transparency | Shareholder | Against | Voted - Against |
16. | Shareholder Proposal Regarding Just Transition Reporting | Shareholder | Against | Voted - Against |
17. | Shareholder Proposal Regarding Report on Exploration and Production in the Arctic Refuge | Shareholder | Against | Voted - Against |
HESS CORPORATION
Security ID: 42809H107
Ticker: HES
Meeting Date: 17-May-23
1a. | Elect Terrence J. Checki | Management | For | Voted - For |
1b. | Elect Leonard S. Coleman, Jr. | Management | For | Voted - For |
1c. | Elect Lisa Glatch | Management | For | Voted - For |
1d. | Elect John B. Hess | Management | For | Voted - For |
1e. | Elect Edith E. Holiday | Management | For | Voted - For |
1f. | Elect Marc S. Lipschultz | Management | For | Voted - For |
1g. | Elect Raymond J. McGuire | Management | For | Voted - For |
1h. | Elect David McManus | Management | For | Voted - For |
1i. | Elect Kevin O. Meyers | Management | For | Voted - For |
1j. | Elect Karyn F. Ovelmen | Management | For | Voted - For |
1k. | Elect James H. Quigley | Management | For | Voted - For |
1l. | Elect William G. Schrader | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
INTERCONTINENTAL EXCHANGE INC
Security ID: 45866F104
Ticker: ICE
Meeting Date: 19-May-23
1a. | Elect Sharon Y. Bowen | Management | For | Voted - For |
1b. | Elect Shantella E. Cooper | Management | For | Voted - For |
1c. | Elect Duriya M. Farooqui | Management | For | Voted - For |
1d. | Elect Lord Hague of Richmond | Management | For | Voted - For |
1e. | Elect Mark F. Mulhern | Management | For | Voted - For |
1f. | Elect Thomas E. Noonan | Management | For | Voted - For |
1g. | Elect Caroline L. Silver | Management | For | Voted - For |
1h. | Elect Jeffrey C. Sprecher | Management | For | Voted - For |
1i. | Elect Judith A. Sprieser | Management | For | Voted - For |
1j. | Elect Martha A. Tirinnanzi | Management | For | Voted - For |
12
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
5. | Shareholder Proposal Regarding Allowing Beneficial Owners to Call Special Meetings | Shareholder | Against | Voted - Against |
INTUIT INC
Security ID: 461202103
Ticker: INTU
Meeting Date: 19-Jan-23
1a. | Elect Eve Burton | Management | For | Voted - For |
1b. | Elect Scott D. Cook | Management | For | Voted - For |
1c. | Elect Richard L. Dalzell | Management | For | Voted - For |
1d. | Elect Sasan Goodarzi | Management | For | Voted - For |
1e. | Elect Deborah Liu | Management | For | Voted - For |
1f. | Elect Tekedra Mawakana | Management | For | Voted - For |
1g. | Elect Suzanne Nora Johnson | Management | For | Voted - For |
1h. | Elect Thomas J. Szkutak | Management | For | Voted - For |
1i. | Elect Raul Vazquez | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Ratification of Auditor | Management | For | Voted - For |
4. | Amendment to the Employee Stock Purchase Plan | Management | For | Voted - For |
INTUITIVE SURGICAL INC
Security ID: 46120E602
Ticker: ISRG
Meeting Date: 27-Apr-23
1a. | Elect Craig H. Barratt | Management | For | Voted - For |
1b. | Elect Joseph C. Beery | Management | For | Voted - For |
1c. | Elect Gary S. Guthart | Management | For | Voted - For |
1d. | Elect Amal M. Johnson | Management | For | Voted - For |
1e. | Elect Don R. Kania | Management | For | Voted - For |
1f. | Elect Amy L. Ladd | Management | For | Voted - For |
1g. | Elect Keith R. Leonard, Jr. | Management | For | Voted - For |
1h. | Elect Alan J. Levy | Management | For | Voted - For |
1i. | Elect Jami Dover Nachtsheim | Management | For | Voted - For |
1j. | Elect Monica P. Reed | Management | For | Voted - For |
1k. | Elect Mark J. Rubash | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
5. | Shareholder Proposal Regarding Median Gender and Racial Pay Equity Report | Shareholder | Against | Voted - Against |
13
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
JPMORGAN CHASE & CO.
Security ID: 46625H100
Ticker: JPM
Meeting Date: 16-May-23
1a. | Elect Linda B. Bammann | Management | For | Voted - For |
1b. | Elect Stephen B. Burke | Management | For | Voted - For |
1c. | Elect Todd A. Combs | Management | For | Voted - For |
1d. | Elect James S. Crown | Management | For | Voted - For |
1e. | Elect Alicia Boler Davis | Management | For | Voted - For |
1f. | Elect James Dimon | Management | For | Voted - For |
1g. | Elect Timothy P. Flynn | Management | For | Voted - For |
1h. | Elect Alex Gorsky | Management | For | Voted - For |
1i. | Elect Mellody Hobson | Management | For | Voted - For |
1j. | Elect Michael A. Neal | Management | For | Voted - For |
1k. | Elect Phebe N. Novakovic | Management | For | Voted - For |
1l. | Elect Virginia M. Rometty | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
5. | Shareholder Proposal Regarding Independent Chair | Shareholder | Against | Voted - Against |
6. | Shareholder Proposal Regarding Fossil Fuel Lending and Underwriting Policy | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Revision of Committee Charter to Include Oversight of Animal Welfare | Shareholder | Against | Voted - Against |
8. | Shareholder Proposal Regarding Right to Call Special Meetings by Beneficial Owners | Shareholder | Against | Voted - Against |
9. | Shareholder Proposal Regarding Transition Plan Report for Financing Activities | Shareholder | Against | Voted - Against |
10. | Shareholder Proposal Regarding Report on Board Oversight of Discrimination | Shareholder | Against | Voted - Against |
11. | Shareholder Proposal Regarding Report on Political Expenditures and Values Congruency | Shareholder | Against | Voted - Against |
12. | Shareholder Proposal Regarding Absolute GHG Reduction Targets | Shareholder | Against | Voted - Against |
LVMH MOET HENNESSY VUITTON SE
Security ID: F58485115
Ticker: LVMUY
Meeting Date: 20-Apr-23
1 | Accounts and Reports | Management | For | Voted - For |
2 | Consolidated Accounts and Reports | Management | For | Voted - For |
3 | Allocation of Profits/Dividends | Management | For | Voted - For |
4 | Special Auditors Report on Regulated Agreements | Management | For | Voted - For |
5 | Elect Delphine Arnault | Management | For | Voted - For |
6 | Elect Antonio Belloni | Management | For | Voted - For |
7 | Elect Marie-Josée Kravis | Management | For | Voted - Against |
14
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
8 | Elect Marie-Laure Sauty de Chalon | Management | For | Voted - For |
9 | Elect Natacha Valla | Management | For | Voted - For |
10 | Elect Laurent Mignon | Management | For | Voted - For |
11 | Elect Lord Powell of Bayswater as Censor | Management | For | Voted - Against |
12 | Elect Diego Della Valle as Censor | Management | For | Voted - Against |
13 | 2022 Remuneration Report | Management | For | Voted - Against |
14 | 2022 Remuneration of Bernard Arnault, Chair and CEO | Management | For | Voted - Against |
15 | 2022 Remuneration of Antonio Belloni, Deputy CEO | Management | For | Voted - Against |
16 | 2023 Remuneration Policy (Board of Directors) | Management | For | Voted - For |
17 | 2023 Remuneration Policy (Chair and CEO) | Management | For | Voted - Against |
18 | 2023 Remuneration Policy (Deputy CEO) | Management | For | Voted - Against |
19 | Authority to Repurchase and Reissue Shares | Management | For | Voted - For |
20 | Authority to Cancel Shares and Reduce Capital | Management | For | Voted - For |
21 | Authority to Increase Capital Through Capitalisations | Management | For | Voted - For |
22 | Authority to Issue Shares and Convertible Debt w/ Preemptive Rights | Management | For | Voted - For |
23 | Authority to Issue Shares and Convertible Debt w/o Preemptive Rights | Management | For | Voted - For |
24 | Authority to Issue Shares and Convertible Debt Through Private Placement (Qualified Investors) | Management | For | Voted - For |
25 | Greenshoe | Management | For | Voted - For |
26 | Authority to Increase Capital in Case of Exchange Offers | Management | For | Voted - For |
27 | Authority to Increase Capital in Consideration for Contributions In Kind | Management | For | Voted - For |
28 | Authority to Grant Stock Options | Management | For | Voted - Against |
29 | Employee Stock Purchase Plan | Management | For | Voted - For |
30 | Global Ceiling on Capital Increases and Debt Issuances | Management | For | Voted - For |
MARRIOTT INTERNATIONAL, INC.
Security ID: 571903202
Ticker: MAR
Meeting Date: 12-May-23
1a. | Elect Anthony G. Capuano | Management | For | Voted - For |
1b. | Elect Isabella D. Goren | Management | For | Voted - For |
1c. | Elect Deborah Marriott Harrison | Management | For | Voted - For |
1d. | Elect Frederick A. Henderson | Management | For | Voted - For |
1e. | Elect Eric Hippeau | Management | For | Voted - For |
1f. | Elect Lauren R. Hobart | Management | For | Voted - For |
1g. | Elect Debra L. Lee | Management | For | Voted - For |
1h. | Elect Aylwin B. Lewis | Management | For | Voted - For |
1i. | Elect David S. Marriott | Management | For | Voted - For |
1j. | Elect Margaret M. McCarthy | Management | For | Voted - For |
1k. | Elect Grant F. Reid | Management | For | Voted - For |
1l. | Elect Horacio D. Rozanski | Management | For | Voted - For |
1m. | Elect Susan C. Schwab | Management | For | Voted - For |
15
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
2. | Ratification of Auditor | Management | For | Voted - For |
3. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
4. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
5. | Approval of the 2023 Stock and Cash Incentive Plan | Management | For | Voted - For |
6. | Shareholder Proposal Regarding Transparency Report on Congruency of Partnerships with Globalist Organizations | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Median Gender and Racial Pay Equity Report | Shareholder | Against | Voted - Against |
MASTERCARD INCORPORATED
Security ID: 57636Q104
Ticker: MA
Meeting Date: 27-Jun-23
1a. | Elect Merit E. Janow | Management | For | Voted - For |
1b. | Elect Candido Botelho Bracher | Management | For | Voted - For |
1c. | Elect Richard K. Davis | Management | For | Voted - For |
1d. | Elect Julius Genachowski | Management | For | Voted - For |
1e. | Elect Choon Phong Goh | Management | For | Voted - For |
1f. | Elect Oki Matsumoto | Management | For | Voted - For |
1g. | Elect Michael Miebach | Management | For | Voted - For |
1h. | Elect Youngme E. Moon | Management | For | Voted - For |
1i. | Elect Rima Qureshi | Management | For | Voted - For |
1j. | Elect Gabrielle Sulzberger | Management | For | Voted - For |
1k. | Elect Harit Talwar | Management | For | Voted - For |
1l. | Elect Lance Uggla | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Approval of the Employee Stock Purchase Plan | Management | For | Voted - For |
5. | Ratification of Auditor | Management | For | Voted - For |
6. | Shareholder Proposal Regarding Report on Board Oversight of Discrimination | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Report on Oversight of Merchant Category Codes | Shareholder | Against | Voted - Against |
8. | Shareholder Proposal Regarding Lobbying Report | Shareholder | Against | Voted - Against |
9. | Shareholder Proposal Regarding Shareholder Approval of Advance Notice Provisions | Shareholder | Against | Voted - Against |
10. | Shareholder Proposal Regarding Cost Benefit Analysis of Global Diversity and Inclusion Efforts | Shareholder | Against | Voted - Against |
MCDONALD`S CORP
Security ID: 580135101
Ticker: MCD
Meeting Date: 25-May-23
1a. | Elect Anthony G. Capuano | Management | For | Voted - For |
1b. | Elect Kareem Daniel | Management | For | Voted - For |
1c. | Elect Lloyd H. Dean | Management | For | Voted - For |
16
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
1d. | Elect Catherine Engelbert | Management | For | Voted - For |
1e. | Elect Margaret H. Georgiadis | Management | For | Voted - For |
1f. | Elect Enrique Hernandez, Jr. | Management | For | Voted - For |
1g. | Elect Christopher Kempczinski | Management | For | Voted - For |
1h. | Elect Richard H. Lenny | Management | For | Voted - For |
1i. | Elect John Mulligan | Management | For | Voted - For |
1j. | Elect Jennifer Taubert | Management | For | Voted - For |
1k. | Elect Paul S. Walsh | Management | For | Voted - For |
1l. | Elect Amy Weaver | Management | For | Voted - For |
1m. | Elect Miles D. White | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
5. | Shareholder Proposal Regarding Policy on Use of Medically-Important Antibiotics in the Beef and Pork Supply Chain | Shareholder | Against | Voted - Against |
6. | Shareholder Proposal Regarding Compliance With WHO Guidelines on Medically-Important Antimicrobials in Supply Chain | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Report on Corporate Operations with China | Shareholder | Against | Voted - Against |
8. | Shareholder Proposal Regarding Civil Rights Audit | Shareholder | Against | Voted - Against |
9. | Shareholder Proposal Regarding Lobbying Report | Shareholder | Against | Voted - Against |
10. | Shareholder Proposal Regarding Transparency Report on Global Public Policy And Political Influence | Shareholder | Against | Voted - Against |
11. | Shareholder Proposal Regarding Disclosure of Animal Welfare Indicators | Shareholder | Against | Voted - Against |
MICROSOFT CORPORATION
Security ID: 594918104
Ticker: MSFT
Meeting Date: 13-Dec-22
1a. | Elect Reid G. Hoffman | Management | For | Voted - For |
1b. | Elect Hugh F. Johnston | Management | For | Voted - For |
1c. | Elect Teri L. List | Management | For | Voted - For |
1d. | Elect Satya Nadella | Management | For | Voted - For |
1e. | Elect Sandra E. Peterson | Management | For | Voted - For |
1f. | Elect Penny S. Pritzker | Management | For | Voted - For |
1g. | Elect Carlos A. Rodriguez | Management | For | Voted - For |
1h. | Elect Charles W. Scharf | Management | For | Voted - For |
1i. | Elect John W. Stanton | Management | For | Voted - For |
1j. | Elect John W. Thompson | Management | For | Voted - For |
1k. | Elect Emma N. Walmsley | Management | For | Voted - For |
1l. | Elect Padmasree Warrior | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Ratification of Auditor | Management | For | Voted - For |
4. | Shareholder Proposal Regarding Cost Benefit Analysis of Global Diversity and Inclusion Efforts | Shareholder | Against | Voted - Against |
17
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
5. | Shareholder Proposal Regarding Report on Hiring Practices | Shareholder | Against | Voted - Against |
6. | Shareholder Proposal Regarding Managing Climate Risk in Employee Retirement Options | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Report on Government Use of Technology | Shareholder | Against | Voted - Against |
8. | Shareholder Proposal Regarding Risks of Developing Military Weapons | Shareholder | Against | Voted - Against |
9. | Shareholder Proposal Regarding Report on Tax Transparency | Shareholder | Against | Voted - Against |
NESTLE SA
Security ID: 641069406
Ticker: NSRGY
Meeting Date: 20-Apr-23
1A | Accounts and Reports | Management | For | Voted - For |
1B | Compensation Report | Management | For | Voted - For |
2 | Ratification of Board and Management Acts | Management | For | Voted - For |
3 | Allocation of Dividends | Management | For | Voted - For |
4AA | Elect Paul Bulcke | Management | For | Voted - For |
4AB | Elect Mark Schneider | Management | For | Voted - For |
4AC | Elect Henri de Castries | Management | For | Voted - For |
4AD | Elect Renato Fassbind | Management | For | Voted - For |
4AE | Elect Pablo Isla Álvarez de Tejera | Management | For | Voted - For |
4AF | Elect Patrick Aebischer | Management | For | Voted - For |
4AG | Elect Kimberly A. Ross | Management | For | Voted - For |
4AH | Elect Dick Boer | Management | For | Voted - For |
4AI | Elect Dinesh C. Paliwal | Management | For | Voted - For |
4AJ | Elect Hanne de Mora | Management | For | Voted - For |
4AK | Elect Lindiwe Majele Sibanda | Management | For | Voted - For |
4AL | Elect Chris Leong | Management | For | Voted - For |
4AM | Elect Luca Maestri | Management | For | Voted - For |
4BA | Elect Rainer M. Blair | Management | For | Voted - For |
4BB | Elect Marie-Gabrielle Ineichen-Fleisch | Management | For | Voted - For |
4CA | Elect Pablo Isla Álvarez de Tejera as Compensation Committee Member | Management | For | Voted - For |
4CB | Elect Patrick Aebischer as Compensation Committee Member | Management | For | Voted - For |
4CC | Elect Dick Boer as Compensation Committee Member | Management | For | Voted - For |
4CD | Elect Dinesh C. Paliwal as Compensation Committee Member | Management | For | Voted - For |
4D | Appointment of Auditor | Management | For | Voted - For |
4E | Appointment of Independent Proxy | Management | For | Voted - For |
5A | Board Compensation | Management | For | Voted - For |
5B | Executive Compensation | Management | For | Voted - For |
6 | Cancellation of Shares and Reduction in Share Capital | Management | For | Voted - For |
7A | Amendments to Articles (General Meeting) | Management | For | Voted - For |
18
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
7B | Amendments to Articles | Management | For | Voted - For |
8 | Additional or Amended Shareholder Proposals | Shareholder | Against | Voted - Against |
NIKE, INC.
Security ID: 654106103
Ticker: NKE
Meeting Date: 09-Sep-22
1a. | Elect Alan B. Graf, Jr. | Management | For | Voted - For |
1b. | Elect Peter B. Henry | Management | For | Voted - For |
1c. | Elect Michelle A. Peluso | Management | For | Voted - Withheld |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Ratification of Auditor | Management | For | Voted - For |
4. | Amendment to the Employee Stock Purchase Plan | Management | For | Voted - For |
5. | Shareholder Proposal Regarding Policy to Pause Sourcing of Raw Materials from China | Shareholder | Against | Voted - Against |
OTIS WORLDWIDE CORP
Security ID: 68902V107
Ticker: OTIS
Meeting Date: 18-May-23
1a. | Elect Jeffrey H. Black | Management | For | Voted - For |
1b. | Elect Nelda J. Connors | Management | For | Voted - For |
1c. | Elect Kathy Hopinkah Hannan | Management | For | Voted - For |
1d. | Elect Shailesh G. Jejurikar | Management | For | Voted - For |
1e. | Elect Christopher J. Kearney | Management | For | Voted - For |
1f. | Elect Judith F. Marks | Management | For | Voted - For |
1g. | Elect Harold W. McGraw III | Management | For | Voted - For |
1h. | Elect Margaret M.V. Preston | Management | For | Voted - For |
1i. | Elect Shelley Stewart, Jr. | Management | For | Voted - For |
1j. | Elect John H. Walker | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Ratification of Auditor | Management | For | Voted - For |
4. | Shareholder Proposal Regarding Independent Chair | Shareholder | Against | Voted - Against |
PEPSICO INC
Security ID: 713448108
Ticker: PEP
Meeting Date: 03-May-23
1a. | Elect Segun Agbaje | Management | For | Voted - For |
1b. | Elect Jennifer Bailey | Management | For | Voted - For |
1c. | Elect Cesar Conde | Management | For | Voted - For |
1d. | Elect Ian M. Cook | Management | For | Voted - For |
1e. | Elect Edith W. Cooper | Management | For | Voted - For |
1f. | Elect Susan M. Diamond | Management | For | Voted - For |
1g. | Elect Dina Dublon | Management | For | Voted - For |
19
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
1h. | Elect Michelle D. Gass | Management | For | Voted - For |
1i. | Elect Ramon L. Laguarta | Management | For | Voted - For |
1j. | Elect Dave Lewis | Management | For | Voted - For |
1k. | Elect David C. Page | Management | For | Voted - For |
1l. | Elect Robert C. Pohlad | Management | For | Voted - For |
1m. | Elect Daniel L. Vasella | Management | For | Voted - For |
1n. | Elect Darren Walker | Management | For | Voted - For |
1o. | Elect Alberto Weisser | Management | For | Voted - For |
2. | Ratification of Auditor | Management | For | Voted - For |
3. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
4. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
5. | Shareholder Proposal Regarding Independent Chair | Shareholder | Against | Voted - Against |
6. | Shareholder Proposal Regarding Transparency Report on Global Public Policy and Political Influence | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Report On Risks From State Policies Restricting Reproductive Health Care | Shareholder | Against | Voted - Against |
8. | Shareholder Proposal Regarding Congruency Report on Net-Zero Emissions Policy | Shareholder | Against | Voted - Against |
PHILIP MORRIS INTERNATIONAL INC
Security ID: 718172109
Ticker: PM
Meeting Date: 03-May-23
1a. | Elect Brant (Bonin) Bough | Management | For | Voted - For |
1b. | Elect André Calantzopoulos | Management | For | Voted - For |
1c. | Elect Michel Combes | Management | For | Voted - For |
1d. | Elect Juan José Daboub | Management | For | Voted - For |
1e. | Elect Werner Geissler | Management | For | Voted - For |
1f. | Elect Lisa A. Hook | Management | For | Voted - For |
1g. | Elect Jun Makihara | Management | For | Voted - For |
1h. | Elect Kalpana Morparia | Management | For | Voted - For |
1i. | Elect Jacek Olczak | Management | For | Voted - For |
1j. | Elect Robert B. Polet | Management | For | Voted - For |
1k. | Elect Dessislava Temperley | Management | For | Voted - For |
1l. | Elect Shlomo Yanai | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
5. | Shareholder Proposal Regarding Nicotine Levels in Tobacco Products | Shareholder | Against | Voted - Against |
PROCTER & GAMBLE CO.
Security ID: 742718109
Ticker: PG
Meeting Date: 11-Oct-22
1a. | Elect B. Marc Allen | Management | For | Voted - For |
20
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
1b. | Elect Angela F. Braly | Management | For | Voted - For |
1c. | Elect Amy L. Chang | Management | For | Voted - For |
1d. | Elect Joseph Jimenez | Management | For | Voted - For |
1e. | Elect Christopher Kempczinski | Management | For | Voted - For |
1f. | Elect Debra L. Lee | Management | For | Voted - For |
1g. | Elect Terry J. Lundgren | Management | For | Voted - For |
1h. | Elect Christine M. McCarthy | Management | For | Voted - For |
1i. | Elect Jon R. Moeller | Management | For | Voted - For |
1j. | Elect Rajesh Subramaniam | Management | For | Voted - For |
1k. | Elect Patricia A. Woertz | Management | For | Voted - For |
2. | Ratification of Auditor | Management | For | Voted - For |
3. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
PROGRESSIVE CORP.
Security ID: 743315103
Ticker: PGR
Meeting Date: 12-May-23
1a. | Elect Danelle M. Barrett | Management | For | Voted - For |
1b. | Elect Philip F. Bleser | Management | For | Voted - For |
1c. | Elect Stuart B. Burgdoerfer | Management | For | Voted - For |
1d. | Elect Pamela J. Craig | Management | For | Voted - For |
1e. | Elect Charles A. Davis | Management | For | Voted - For |
1f. | Elect Roger N. Farah | Management | For | Voted - For |
1g. | Elect Lawton W. Fitt | Management | For | Voted - For |
1h. | Elect Susan Patricia Griffith | Management | For | Voted - For |
1i. | Elect Devin C. Johnson | Management | For | Voted - For |
1j. | Elect Jeffrey D. Kelly | Management | For | Voted - For |
1k. | Elect Barbara R. Snyder | Management | For | Voted - For |
1l. | Elect Kahina Van Dyke | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
RAYTHEON TECHNOLOGIES CORPORATION
Security ID: 75513E101
Ticker: RTX
Meeting Date: 02-May-23
1a. | Elect Tracy A. Atkinson | Management | For | Voted - For |
1b. | Elect Leanne G. Caret | Management | For | Voted - For |
1c. | Elect Bernard A. Harris, Jr. | Management | For | Voted - For |
1d. | Elect Gregory J. Hayes | Management | For | Voted - For |
1e. | Elect George R. Oliver | Management | For | Voted - For |
1f. | Elect Robert K. Ortberg | Management | For | Voted - For |
1g. | Elect Dinesh C. Paliwal | Management | For | Voted - For |
1h. | Elect Ellen M. Pawlikowski | Management | For | Voted - For |
1i. | Elect Denise L. Ramos | Management | For | Voted - For |
21
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
1j. | Elect Fredric G. Reynolds | Management | For | Voted - For |
1k. | Elect Brian C. Rogers | Management | For | Voted - For |
1l. | Elect James A. Winnefeld, Jr. | Management | For | Voted - For |
1m. | Elect Robert O. Work | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
5. | Elimination of Supermajority Requirement | Management | For | Voted - For |
6. | Amendment to Articles to Limit Liability of Certain Officers | Management | For | Voted - For |
7. | Shareholder Proposal Regarding Independent Chair | Shareholder | Against | Voted - Against |
8. | Shareholder Proposal Regarding Report on Aligning Value Chain GHG Reductions with Paris Agreement | Shareholder | Against | Voted - Against |
S&P GLOBAL INC
Security ID: 78409V104
Ticker: SPGI
Meeting Date: 03-May-23
1A. | Elect Marco Alverà | Management | For | Voted - For |
1B. | Elect Jacques Esculier | Management | For | Voted - For |
1C. | Elect Gay Huey Evans | Management | For | Voted - For |
1D. | Elect William D. Green | Management | For | Voted - For |
1E. | Elect Stephanie C. Hill | Management | For | Voted - For |
1F. | Elect Rebecca Jacoby | Management | For | Voted - For |
1G. | Elect Robert P. Kelly | Management | For | Voted - For |
1H. | Elect Ian P. Livingston | Management | For | Voted - For |
1I. | Elect Deborah D. McWhinney | Management | For | Voted - For |
1J. | Elect Maria R. Morris | Management | For | Voted - For |
1K. | Elect Douglas L. Peterson | Management | For | Voted - For |
1L. | Elect Richard E. Thornburgh | Management | For | Voted - For |
1M. | Elect Gregory Washington | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
SHERWIN-WILLIAMS CO.
Security ID: 824348106
Ticker: SHW
Meeting Date: 19-Apr-23
1a. | Elect Kerrii B. Anderson | Management | For | Voted - For |
1b. | Elect Arthur F. Anton | Management | For | Voted - For |
1c. | Elect Jeff M. Fettig | Management | For | Voted - For |
1d. | Elect John G. Morikis | Management | For | Voted - For |
1e. | Elect Christine A. Poon | Management | For | Voted - For |
1f. | Elect Aaron M. Powell | Management | For | Voted - For |
1g. | Elect Marta R. Stewart | Management | For | Voted - For |
22
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
1h. | Elect Michael H. Thaman | Management | For | Voted - For |
1i. | Elect Matthew Thornton III | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
TEXAS INSTRUMENTS INC.
Security ID: 882508104
Ticker: TXN
Meeting Date: 27-Apr-23
1a. | Elect Mark A. Blinn | Management | For | Voted - For |
1b. | Elect Todd M. Bluedorn | Management | For | Voted - For |
1c. | Elect Janet F. Clark | Management | For | Voted - For |
1d. | Elect Carrie S. Cox | Management | For | Voted - For |
1e. | Elect Martin S. Craighead | Management | For | Voted - For |
1f. | Elect Curtis C. Farmer | Management | For | Voted - For |
1g. | Elect Jean M. Hobby | Management | For | Voted - For |
1h. | Elect Haviv Ilan | Management | For | Voted - For |
1i. | Elect Ronald Kirk | Management | For | Voted - For |
1j. | Elect Pamela H. Patsley | Management | For | Voted - For |
1k. | Elect Robert E. Sanchez | Management | For | Voted - For |
1l. | Elect Richard K. Templeton | Management | For | Voted - For |
2. | Amendment to the 2014 Employee Stock Purchase Plan | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
5. | Ratification of Auditor | Management | For | Voted - For |
6. | Shareholder Proposal Regarding Right to Call Special Meetings | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Report on Customer Due Diligence | Shareholder | Against | Voted - Against |
UNION PACIFIC CORP.
Security ID: 907818108
Ticker: UNP
Meeting Date: 18-May-23
1a. | Elect William J. DeLaney | Management | For | Voted - For |
1b. | Elect David B. Dillon | Management | For | Voted - For |
1c. | Elect Sheri H. Edison | Management | For | Voted - For |
1d. | Elect Teresa M. Finley | Management | For | Voted - For |
1e. | Elect Lance M. Fritz | Management | For | Voted - For |
1f. | Elect Deborah C. Hopkins | Management | For | Voted - For |
1g. | Elect Jane H. Lute | Management | For | Voted - For |
1h. | Elect Michael R. McCarthy | Management | For | Voted - For |
1i. | Elect Jose H. Villarreal | Management | For | Voted - For |
1j. | Elect Christopher J. Williams | Management | For | Voted - For |
2. | Ratification of Auditor | Management | For | Voted - For |
23
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
3. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
4. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
5. | Shareholder Proposal Regarding Independent Chair | Shareholder | Against | Voted - Against |
6. | Shareholder Proposal Regarding Shareholder Approval of Advance Notice Provisions | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Paid Sick Leave | Shareholder | Against | Voted - Against |
UNITEDHEALTH GROUP INC
Security ID: 91324P102
Ticker: UNH
Meeting Date: 05-Jun-23
1a. | Elect Timothy P. Flynn | Management | For | Voted - For |
1b. | Elect Paul R. Garcia | Management | For | Voted - For |
1c. | Elect Kristen Gil | Management | For | Voted - For |
1d. | Elect Stephen J. Hemsley | Management | For | Voted - For |
1e. | Elect Michele J. Hooper | Management | For | Voted - For |
1f. | Elect F. William McNabb, III | Management | For | Voted - For |
1g. | Elect Valerie C. Montgomery Rice | Management | For | Voted - For |
1h. | Elect John H. Noseworthy | Management | For | Voted - For |
1i. | Elect Andrew Witty | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
5. | Shareholder Proposal Regarding Racial Equity Audit | Shareholder | Against | Voted - Against |
6. | Shareholder Proposal Regarding Report on Political Expenditures and Values Congruency | Shareholder | Against | Voted - Against |
7. | Shareholder Proposal Regarding Severance Approval Policy | Shareholder | Against | Voted - Against |
VERISK ANALYTICS INC
Security ID: 92345Y106
Ticker: VRSK
Meeting Date: 17-May-23
1a. | Elect Vincent K. Brooks | Management | For | Voted - For |
1b. | Elect Jeffrey Dailey | Management | For | Voted - For |
1c. | Elect Wendy E. Lane | Management | For | Voted - For |
1d. | Elect Lee M. Shavel | Management | For | Voted - For |
1e. | Elect Kimberly S. Stevenson | Management | For | Voted - For |
1f. | Elect Olumide Soroye | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
24
Sarofim Equity Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
VISA INC
Security ID: 92826C839
Ticker: V
Meeting Date: 24-Jan-23
1a. | Elect Lloyd A. Carney | Management | For | Voted - For |
1b. | Elect Kermit R. Crawford | Management | For | Voted - For |
1c. | Elect Francisco Javier Fernández-Carbajal | Management | For | Voted - For |
1d. | Elect Alfred F. Kelly, Jr. | Management | For | Voted - For |
1e. | Elect Ramon L. Laguarta | Management | For | Voted - For |
1f. | Elect Teri L. List | Management | For | Voted - For |
1g. | Elect John F. Lundgren | Management | For | Voted - For |
1h. | Elect Denise M. Morrison | Management | For | Voted - For |
1i. | Elect Linda Rendle | Management | For | Voted - For |
1j. | Elect Maynard G. Webb | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Frequency of Advisory Vote on Executive Compensation | Management | For | Voted - 1 Year |
4. | Ratification of Auditor | Management | For | Voted - For |
5. | Shareholder Proposal Regarding Independent Chair | Shareholder | Against | Voted - Against |
ZOETIS INC
Security ID: 98978V103
Ticker: ZTS
Meeting Date: 18-May-23
1a. | Elect Paul M. Bisaro | Management | For | Voted - For |
1b. | Elect Vanessa Broadhurst | Management | For | Voted - For |
1c. | Elect Frank A. D'Amelio | Management | For | Voted - For |
1d. | Elect Michael B. McCallister | Management | For | Voted - For |
1e. | Elect Gregory Norden | Management | For | Voted - For |
1f. | Elect Louise M. Parent | Management | For | Voted - For |
1g. | Elect Kristin C. Peck | Management | For | Voted - For |
1h. | Elect Robert W. Scully | Management | For | Voted - For |
2. | Advisory Vote on Executive Compensation | Management | For | Voted - For |
3. | Ratification of Auditor | Management | For | Voted - For |
4. | Amendment Regarding Ownership Threshold for Shareholders to Call a Special Meeting | Management | For | Voted - For |
5. | Shareholder Proposal Regarding Right to Call Special Meeting | Shareholder | Against | Voted - Against |
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SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
The Advisors’ Inner Circle Fund
By: /s/ Michael Beattie
Michael Beattie
President
Date: August 4, 2023
26