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: 811-22920
The Advisors’ Inner Circle Fund III
(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 Funds III
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 the following funds, each of which is a series of The Advisors’ Inner Circle Fund III:
Non-Voting Fund
The Penn Mutual AM Strategic Income Fund was not entitled to vote on any shareholder matters relating to a portfolio security held by the Funds during the period covered by this report.
Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
ALLISON TRANSMISSION HOLDINGS, INC.
Security ID: 01973R101
Ticker: ALSN
Meeting Date: 03-May-23
Meeting Type: Annual
1a | Elect Director Judy L. Altmaier | Management | For | Voted - For |
1b | Elect Director D. Scott Barbour | Management | For | Voted - For |
1c | Elect Director Philip J. Christman | Management | For | Voted - For |
1d | Elect Director David C. Everitt | Management | For | Voted - For |
1e | Elect Director David S. Graziosi | Management | For | Voted - For |
1f | Elect Director Carolann I. Haznedar | Management | For | Voted - For |
1g | Elect Director Richard P. Lavin | Management | For | Voted - For |
1h | Elect Director Sasha Ostojic | Management | For | Voted - For |
1i | Elect Director Gustave F. Perna | Management | For | Voted - For |
1j | Elect Director Krishna Shivram | Management | For | Voted - For |
2 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | Voted - For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
ARGAN, INC.
Security ID: 04010E109
Ticker: AGX
Meeting Date: 20-Jun-23
Meeting Type: Annual
1.1 | Elect Director Rainer H. Bosselmann | Management | For | Voted - For |
1.2 | Elect Director Cynthia A. Flanders | Management | For | Voted - For |
1.3 | Elect Director Peter W. Getsinger | Management | For | Voted - For |
1.4 | Elect Director William F. Griffin, Jr. | Management | For | Voted - For |
1.5 | Elect Director John R. Jeffrey, Jr. | Management | For | Voted - For |
1.6 | Elect Director Mano S. Koilpillai | Management | For | Voted - For |
1.7 | Elect Director William F. Leimkuhler | Management | For | Voted - For |
1.8 | Elect Director W.G. Champion Mitchell | Management | For | Voted - For |
1.9 | Elect Director James W. Quinn | Management | For | Voted - For |
1.10 | Elect Director David H. Watson | Management | For | Voted - For |
2 | Amend Omnibus Stock Plan | Management | For | Voted - For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - Against |
4 | Ratify Grant Thornton LLP as Auditors | Management | For | Voted - For |
ARTISAN PARTNERS ASSET MANAGEMENT INC.
Security ID: 04316A108
Ticker: APAM
Meeting Date: 01-Jun-23
Meeting Type: Annual
1.1 | Elect Director Jennifer A. Barbetta | Management | For | Voted - For |
1.2 | Elect Director Matthew R. Barger | Management | For | Voted - For |
1.3 | Elect Director Eric R. Colson | Management | For | Voted - For |
1
Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
1.4 | Elect Director Tench Coxe | Management | For | Voted - For |
1.5 | Elect Director Stephanie G. DiMarco | Management | For | Voted - For |
1.6 | Elect Director Jeffrey A. Joerres | Management | For | Voted - For |
1.7 | Elect Director Saloni S. Multani | Management | For | Voted - For |
1.8 | Elect Director Andrew A. Ziegler | Management | For | Voted - For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
3 | Approve Omnibus Stock Plan | Management | For | Voted - For |
4 | Approve Non-Employee Director Omnibus Stock Plan | Management | For | Voted - For |
5 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | Voted - For |
CALERES, INC.
Security ID: 129500104
Ticker: CAL
Meeting Date: 25-May-23
Meeting Type: Annual
1.1 | Elect Director Lisa A. Flavin | Management | For | Voted - For |
1.2 | Elect Director Brenda C. Freeman | Management | For | Voted - For |
1.3 | Elect Director Lori H. Greeley | Management | For | Voted - For |
1.4 | Elect Director Mahendra R. Gupta | Management | For | Voted - For |
1.5 | Elect Director Carla C. Hendra | Management | For | Voted - For |
1.6 | Elect Director Ward M. Klein | Management | For | Voted - For |
1.7 | Elect Director Steven W. Korn | Management | For | Voted - For |
1.8 | Elect Director Wenda Harris Millard | Management | For | Voted - For |
1.9 | Elect Director John W. Schmidt | Management | For | Voted - For |
1.10 | Elect Director Diane M. Sullivan | Management | For | Voted - For |
1.11 | Elect Director Bruce K. Thorn | Management | For | Voted - For |
2 | Ratify Ernst & Young LLP as Auditors | Management | For | Voted - For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
4 | Advisory Vote on Say on Pay Frequency | Management | One Year | Voted - One Year |
DENTSPLY SIRONA INC.
Security ID: 24906P109
Ticker: XRAY
Meeting Date: 24-May-23
Meeting Type: Annual
1a | Elect Director Eric K. Brandt | Management | For | Voted - For |
1b | Elect Director Simon D. Campion | Management | For | Voted - For |
1c | Elect Director Willie A. Deese | Management | For | Voted - For |
1d | Elect Director Betsy D. Holden | Management | For | Voted - For |
1e | Elect Director Clyde R. Hosein | Management | For | Voted - For |
1f | Elect Director Harry M. Jansen Kraemer, Jr. | Management | For | Voted - For |
1g | Elect Director Gregory T. Lucier | Management | For | Voted - For |
1h | Elect Director Jonathan J. Mazelsky | Management | For | Voted - For |
1i | Elect Director Leslie F. Varon | Management | For | Voted - For |
1j | Elect Director Janet S. Vergis | Management | For | Voted - For |
1k | Elect Director Dorothea Wenzel | Management | For | Voted - For |
2 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | Voted - For |
2
Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
4 | Advisory Vote on Say on Pay Frequency | Management | One Year | Voted - One Year |
DEVON ENERGY CORPORATION
Security ID: 25179M103
Ticker: DVN
Meeting Date: 07-Jun-23
Meeting Type: Annual
1.1 | Elect Director Barbara M. Baumann | Management | For | Voted - For |
1.2 | Elect Director John E. Bethancourt | Management | For | Voted - For |
1.3 | Elect Director Ann G. Fox | Management | For | Voted - For |
1.4 | Elect Director Gennifer F. Kelly | Management | For | Voted - For |
1.5 | Elect Director Kelt Kindick | Management | For | Voted - For |
1.6 | Elect Director John Krenicki, Jr. | Management | For | Voted - For |
1.7 | Elect Director Karl F. Kurz | Management | For | Voted - For |
1.8 | Elect Director Michael N. Mears | Management | For | Voted - For |
1.9 | Elect Director Robert A. Mosbacher, Jr. | Management | For | Voted - For |
1.10 | Elect Director Richard E. Muncrief | Management | For | Voted - For |
1.11 | Elect Director Valerie M. Williams | Management | For | Voted - For |
2 | Ratify KPMG LLP as Auditors | Management | For | Voted - For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
4 | Advisory Vote on Say on Pay Frequency | Management | One Year | Voted - One Year |
5 | Amend Certificate of Incorporation to Add Federal Forum Selection Provision | Management | For | Voted - For |
6 | Amend Certificate of Incorporation to Adopt Limitations on the Liability of Officers | Management | For | Voted - For |
7 | Amend Right to Call Special Meeting | Shareholder | Against | Voted - For |
EVOLUTION PETROLEUM CORPORATION
Security ID: 30049A107
Ticker: EPM
Meeting Date: 08-Dec-22
Meeting Type: Annual
1.1 | Elect Director Myra C. Bierria | Management | For | Voted - For |
1.2 | Elect Director Edward J. DiPaolo | Management | For | Voted - For |
1.3 | Elect Director William E. Dozier | Management | For | Voted - For |
1.4 | Elect Director Marjorie A. Hargrave | Management | For | Voted - For |
1.5 | Elect Director Robert S. Herlin | Management | For | Voted - For |
1.6 | Elect Director Kelly W. Loyd | Management | For | Voted - For |
2 | Ratify Moss Adams LLP as Auditors | Management | For | Voted - For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
3
Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
FORTITUDE GOLD CORP.
Security ID: 34962K100
Ticker: FTCO
Meeting Date: 18-May-23
Meeting Type: Annual
1.1 | Elect Director Jason D. Reid | Management | For | Voted - Withheld |
1.2 | Elect Director Bill M. Conrad | Management | For | Voted - Withheld |
2 | Ratify Haynie & Company as Auditors | Management | For | Voted - For |
FUTUREFUEL CORP.
Security ID: 36116M106
Ticker: FF
Meeting Date: 22-Sep-22
Meeting Type: Annual
1.1 | Elect Director Donald C. Bedell | Management | For | Voted - Withheld |
1.2 | Elect Director Terrance C.Z. (Terry) Egger | Management | For | Voted - For |
1.3 | Elect Director Ronald J. Kruszewski | Management | For | Voted - For |
2 | Ratify RSM US LLP as Auditors | Management | For | Voted - For |
HASBRO, INC.
Security ID: 418056107
Ticker: HAS
Meeting Date: 18-May-23
Meeting Type: Annual
1.1 | Elect Director Michael R. Burns | Management | For | Voted - For |
1.2 | Elect Director Hope F. Cochran | Management | For | Voted - For |
1.3 | Elect Director Christian P. Cocks | Management | For | Voted - For |
1.4 | Elect Director Lisa Gersh | Management | For | Voted - For |
1.5 | Elect Director Elizabeth Hamren | Management | For | Voted - For |
1.6 | Elect Director Blake Jorgensen | Management | For | Voted - For |
1.7 | Elect Director Tracy A. Leinbach | Management | For | Voted - For |
1.8 | Elect Director Laurel J. Richie | Management | For | Voted - For |
1.9 | Elect Director Richard S. Stoddart | Management | For | Voted - For |
1.10 | Elect Director Mary Beth West | Management | For | Voted - For |
1.11 | Elect Director Linda Zecher Higgins | Management | For | Voted - For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
3 | Advisory Vote on Say on Pay Frequency | Management | One Year | Voted - One Year |
4 | Amend Omnibus Stock Plan | Management | For | Voted - For |
5 | Ratify KPMG LLP as Auditors | Management | For | Voted - For |
HAYNES INTERNATIONAL, INC.
Security ID: 420877201
Ticker: HAYN
Meeting Date: 22-Feb-23
Meeting Type: Annual
1 | Elect Director Donald C. Campion | Management | For | Voted - For |
2 | Elect Director Robert H. Getz | Management | For | Voted - For |
4
Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
3 | Elect Director Dawne S. Hickton | Management | For | Voted - For |
4 | Elect Director Michael L. Shor | Management | For | Voted - For |
5 | Elect Director Larry O. Spencer | Management | For | Voted - For |
6 | Ratify Deloitte & Touche LLP as Auditors | Management | For | Voted - For |
7 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
8 | Advisory Vote on Say on Pay Frequency | Management | One Year | Voted - One Year |
HEALTHCARE SERVICES GROUP, INC.
Security ID: 421906108
Ticker: HCSG
Meeting Date: 30-May-23
Meeting Type: Annual
1.1 | Elect Director Diane S. Casey | Management | For | Voted - For |
1.2 | Elect Director Daniela Castagnino | Management | For | Voted - For |
1.3 | Elect Director Robert L. Frome | Management | For | Voted - For |
1.4 | Elect Director Laura Grant | Management | For | Voted - For |
1.5 | Elect Director John J. McFadden | Management | For | Voted - For |
1.6 | Elect Director Dino D. Ottaviano | Management | For | Voted - For |
1.7 | Elect Director Kurt Simmons, Jr. | Management | For | Voted - For |
1.8 | Elect Director Jude Visconto | Management | For | Voted - For |
1.9 | Elect Director Theodore Wahl | Management | For | Voted - For |
2 | Ratify Grant Thornton LLP as Auditors | Management | For | Voted - For |
3 | Amend Omnibus Stock Plan | Management | For | Voted - For |
4 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
5 | Advisory Vote on Say on Pay Frequency | Management | One Year | Voted - One Year |
JEFFERIES FINANCIAL GROUP INC.
Security ID: 47233W109
Ticker: JEF
Meeting Date: 28-Jun-23
Meeting Type: Special
1 | Authorize a New Class of Common Stock | Management | For | Voted - For |
2 | Adjourn Meeting | Management | For | Voted - For |
KONINKLIJKE PHILIPS NV
Security ID: N7637U112
Ticker: PHIA
Meeting Date: 09-May-23
Meeting Type: Annual
Meeting for ADR Holders | Management | For | Non-Voting | |
1 | President's Speech | Management | For | Non-Voting |
2.a | Receive Explanation on Company's Reserves and Dividend Policy | Management | For | Non-Voting |
2.b | Adopt Financial Statements and Statutory Reports | Management | For | Voted - For |
2.c | Approve Dividends | Management | For | Voted - For |
2.d | Approve Remuneration Report | Management | For | Voted - For |
2.e | Approve Discharge of Management Board | Management | For | Voted - Against |
5
Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
2.f | Approve Discharge of Supervisory Board | Management | For | Voted - For |
3 | Reelect A. Bhattacharya to Management Board | Management | For | Voted - For |
4.a | Reelect D.E.I. Pyott to Supervisory Board | Management | For | Voted - For |
4.b | Reelect M.E. Doherty to Supervisory Board | Management | For | Voted - For |
5 | Ratify Ernst & Young Accountants LLP as Auditors for the Financial Year 2024 | Management | For | Voted - For |
6 | Ratify PricewaterhouseCoopers Accountants N.V. as Auditors for the Financial Year 2025 | Management | For | Voted - For |
7.a | Grant Board Authority to Issue Shares Up to 10 Percent of Issued Capital | Management | For | Voted - For |
7.b | Authorize Board to Exclude Preemptive Rights from Share Issuances | Management | For | Voted - For |
8 | Authorize Repurchase of Up to 10 Percent of Issued Share Capital | Management | For | Voted - For |
9 | Approve Cancellation of Repurchased Shares | Management | For | Voted - For |
10 | Other Business (Non-Voting) | Management | For | Non-Voting |
LEVI STRAUSS & CO.
Security ID: 52736R102
Ticker: LEVI
Meeting Date: 19-Apr-23
Meeting Type: Annual
1a | Elect Director Jill Beraud | Management | For | Voted - For |
1b | Elect Director Spencer C. Fleischer | Management | For | Voted - For |
1c | Elect Director Christopher J. McCormick | Management | For | Voted - Withheld |
1d | Elect Director Elliott Rodgers | Management | For | Voted - For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
3 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | Voted - For |
LSI INDUSTRIES INC.
Security ID: 50216C108
Ticker: LYTS
Meeting Date: 01-Nov-22
Meeting Type: Annual
1.1 | Elect Director Robert P. Beech | Management | For | Voted - For |
1.2 | Elect Director Ronald D. Brown | Management | For | Voted - For |
1.3 | Elect Director James A. Clark | Management | For | Voted - For |
1.4 | Elect Director Amy L. Hanson | Management | For | Voted - For |
1.5 | Elect Director Chantel E. Lenard | Management | For | Voted - For |
1.6 | Elect Director Ernest W. Marshall, Jr. | Management | For | Voted - For |
1.7 | Elect Director Wilfred T. O'Gara | Management | For | Voted - For |
2 | Ratify Grant Thornton LLP as Auditors | Management | For | Voted - For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
4 | Increase Authorized Common Stock | Management | For | Voted - For |
5 | Amend Omnibus Stock Plan | Management | For | Voted - For |
6
Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
MIX TELEMATICS LTD.
Security ID: S5141W108
Ticker: MIX
Meeting Date: 07-Sep-22
Meeting Type: Annual
Meeting for ADR Holders | Management | For | Non-Voting | |
1.a | Re-elect Richard Bruyns as Director | Management | For | Voted - Against |
1.b | Re-elect Ian Jacobs as Director | Management | For | Voted - Against |
2.1 | Elect Charmel Flemming as Director | Management | For | Voted - For |
2.2 | Re-elect Paul Dell as Director | Management | For | Voted - For |
3 | Reappoint Deloitte & Touche as Auditors with Daniel Hooijer as Lead Audit Partner | Management | For | Voted - For |
4 | Authorise Repurchase of Issued Share Capital | Management | For | Voted - For |
5 | Approve Financial Assistance to Related and Inter-related Companies | Management | For | Voted - For |
6 | Approve Non-executive Directors' Fees | Management | For | Voted - For |
7 | Approve Remuneration Policy | Management | For | Voted - Against |
8 | Approve Remuneration Implementation Report | Management | For | Voted - Against |
9 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - Against |
10 | Accept Financial Statements and Statutory Reports for the Year Ended 31 March 2022 | Management | For | Voted - For |
11 | Place Authorised but Unissued Shares under Control of Directors | Management | For | Voted - Against |
12.a | Elect Charmel Flemming as Member of the Audit and Risk Committee | Management | For | Voted - For |
12.b | Re-elect Fikile Futwa as Chairperson of the Audit and Risk Committee | Management | For | Voted - For |
12.c | Re-elect Richard Bruyns as Member of the Audit and Risk Committee | Management | For | Voted - Against |
13 | Authorise Board to Issue Shares for Cash | Management | For | Voted - For |
14 | Authorise Ratification of Approved Resolutions | Management | For | Voted - For |
15 | Amend Long-Term Incentive Plan | Management | For | Voted - For |
NATIONAL STORAGE AFFILIATES TRUST
Security ID: 637870106
Ticker: NSA
Meeting Date: 22-May-23
Meeting Type: Annual
1a | Elect Director Tamara D. Fischer | Management | For | Voted - For |
1b | Elect Director Arlen D. Nordhagen | Management | For | Voted - For |
1c | Elect Director David G. Cramer | Management | For | Voted - For |
1d | Elect Director Paul W. Hylbert, Jr. | Management | For | Voted - For |
1e | Elect Director Chad L. Meisinger | Management | For | Voted - For |
1f | Elect Director Steven G. Osgood | Management | For | Voted - For |
1g | Elect Director Dominic M. Palazzo | Management | For | Voted - For |
1h | Elect Director Rebecca L. Steinfort | Management | For | Voted - For |
1i | Elect Director Mark Van Mourick | Management | For | Voted - For |
1j | Elect Director Charles F. Wu | Management | For | Voted - For |
7
Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
2 | Ratify KPMG LLP as Auditors | Management | For | Voted - For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
NOVARTIS AG
Security ID: H5820Q150
Ticker: NOVN
Meeting Date: 07-Mar-23
Meeting Type: Annual
Meeting for ADR Holders | Management | For | Non-Voting | |
1 | Accept Financial Statements and Statutory Reports | Management | For | Voted - For |
2 | Approve Discharge of Board and Senior Management | Management | For | Voted - For |
3 | Approve Allocation of Income and Dividends of CHF 3.20 per Share | Management | For | Voted - For |
4 | Approve CHF 63.1 Million Reduction in Share Capital via Cancellation of Repurchased Shares | Management | For | Voted - For |
5 | Authorize Repurchase of up to CHF 10 Billion in Issued Share Capital | Management | For | Voted - For |
6.1 | Amend Articles Re: Electronic Participation; Virtual-Only Shareholder Meetings | Management | For | Voted - For |
6.2 | Amend Articles of Association | Management | For | Voted - For |
6.3 | Amend Articles of Association | Management | For | Voted - For |
7.1 | Approve Remuneration of Directors in the Amount of CHF 8.8 Million | Management | For | Voted - For |
7.2 | Approve Maximum Remuneration of Executive Committee in the Amount of CHF 90 Million | Management | For | Voted - For |
7.3 | Approve Remuneration Report | Management | For | Voted - For |
8.1 | Reelect Joerg Reinhardt as Director and Board Chair | Management | For | Voted - For |
8.2 | Reelect Nancy Andrews as Director | Management | For | Voted - For |
8.3 | Reelect Ton Buechner as Director | Management | For | Voted - For |
8.4 | Reelect Patrice Bula as Director | Management | For | Voted - For |
8.5 | Reelect Elizabeth Doherty as Director | Management | For | Voted - For |
8.6 | Reelect Bridgette Heller as Director | Management | For | Voted - For |
8.7 | Reelect Daniel Hochstrasser as Director | Management | For | Voted - For |
8.8 | Reelect Frans van Houten as Director | Management | For | Voted - For |
8.9 | Reelect Simon Moroney as Director | Management | For | Voted - For |
8.10 | Reelect Ana de Pro Gonzalo as Director | Management | For | Voted - For |
8.11 | Reelect Charles Sawyers as Director | Management | For | Voted - For |
8.12 | Reelect William Winters as Director | Management | For | Voted - For |
8.13 | Elect John Young as Director | Management | For | Voted - For |
9.1 | Reappoint Patrice Bula as Member of the Compensation Committee | Management | For | Voted - For |
9.2 | Reappoint Bridgette Heller as Member of the Compensation Committee | Management | For | Voted - For |
9.3 | Reappoint Simon Moroney as Member of the Compensation Committee | Management | For | Voted - For |
9.4 | Reappoint William Winters as Member of the Compensation Committee | Management | For | Voted - For |
10 | Ratify KPMG AG as Auditors | Management | For | Voted - For |
11 | Designate Peter Zahn as Independent Proxy | Management | For | Voted - For |
8
Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
12 | Transact Other Business (Voting) | Management | For | Voted - Against |
NVE CORPORATION
Security ID: 629445206
Ticker: NVEC
Meeting Date: 04-Aug-22
Meeting Type: Annual
1.1 | Elect Director Terrence W. Glarner | Management | For | Voted - For |
1.2 | Elect Director Daniel A. Baker | Management | For | Voted - For |
1.3 | Elect Director Patricia M. Hollister | Management | For | Voted - For |
1.4 | Elect Director Richard W. Kramp | Management | For | Voted - For |
1.5 | Elect Director James W. Bracke | Management | For | Voted - For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
3 | Ratify Boulay PLLP as Auditors | Management | For | Voted - For |
POLARIS INC.
Security ID: 731068102
Ticker: PII
Meeting Date: 27-Apr-23
Meeting Type: Annual
1a | Elect Director George W. Bilicic | Management | For | Voted - For |
1b | Elect Director Gary E. Hendrickson | Management | For | Voted - For |
1c | Elect Director Gwenne A. Henricks | Management | For | Voted - For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
3 | Advisory Vote on Say on Pay Frequency | Management | One Year | Voted - One Year |
4 | Change State of Incorporation from Minnesota to Delaware | Management | For | Voted - For |
5 | Amend Certificate of Incorporation to Add Federal Forum Selection Provision | Management | For | Voted - Against |
6 | Amend Certificate of Incorporation to Allow Exculpation of Officers | Management | For | Voted - For |
7 | Ratify Ernst & Young LLP as Auditors | Management | For | Voted - For |
RICHARDSON ELECTRONICS, LTD.
Security ID: 763165107
Ticker: RELL
Meeting Date: 04-Oct-22
Meeting Type: Annual
1.1 | Elect Director Edward J. Richardson | Management | For | Voted - For |
1.2 | Elect Director Paul J. Plante | Management | For | Voted - For |
1.3 | Elect Director Jacques Belin | Management | For | Voted - For |
1.4 | Elect Director James Benham | Management | For | Voted - For |
1.5 | Elect Director Kenneth Halverson | Management | For | Voted - For |
1.6 | Elect Director Robert Kluge | Management | For | Voted - For |
1.7 | Elect Director Wendy Diddell | Management | For | Voted - For |
2 | Ratify BDO USA, LLP as Auditors | Management | For | Voted - For |
9
Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
RPC, INC.
Security ID: 749660106
Ticker: RES
Meeting Date: 25-Apr-23
Meeting Type: Annual
1.1 | Elect Director Jerry W. Nix | Management | For | Voted - Withheld |
1.2 | Elect Director Patrick J. Gunning | Management | For | Voted - For |
1.3 | Elect Director Ben M. Palmer | Management | For | Voted - Withheld |
2 | Ratify Grant Thornton LLP as Auditors | Management | For | Voted - For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
4 | Advisory Vote on Say on Pay Frequency | Management | Three Years | Voted - One Year |
SMITH & WESSON BRANDS, INC.
Security ID: 831754106
Ticker: SWBI
Meeting Date: 12-Sep-22
Meeting Type: Annual
1.1 | Elect Director Anita D. Britt | Management | For | Voted - For |
1.2 | Elect Director Fred M. Diaz | Management | For | Voted - For |
1.3 | Elect Director John B. Furman | Management | For | Voted - For |
1.4 | Elect Director Michael F. Golden | Management | For | Voted - For |
1.5 | Elect Director Barry M. Monheit | Management | For | Voted - For |
1.6 | Elect Director Robert L. Scott | Management | For | Voted - For |
1.7 | Elect Director Mark P. Smith | Management | For | Voted - For |
1.8 | Elect Director Denis G. Suggs | Management | For | Voted - For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
3 | Approve Omnibus Stock Plan | Management | For | Voted - For |
4 | Ratify Deloitte & Touche LLP as Auditors | Management | For | Voted - For |
5 | Adopt a Comprehensive Human Rights Policy | Shareholder | Against | Voted - For |
6 | Adopt Simple Majority Vote | Shareholder | Against | Voted - Against |
SNAP-ON INCORPORATED
Security ID: 833034101
Ticker: SNA
Meeting Date: 27-Apr-23
Meeting Type: Annual
1.1 | Elect Director David C. Adams | Management | For | Voted - For |
1.2 | Elect Director Karen L. Daniel | Management | For | Voted - For |
1.3 | Elect Director Ruth Ann M. Gillis | Management | For | Voted - For |
1.4 | Elect Director James P. Holden | Management | For | Voted - For |
1.5 | Elect Director Nathan J. Jones | Management | For | Voted - For |
1.6 | Elect Director Henry W. Knueppel | Management | For | Voted - For |
1.7 | Elect Director W. Dudley Lehman | Management | For | Voted - For |
1.8 | Elect Director Nicholas T. Pinchuk | Management | For | Voted - For |
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Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
1.9 | Elect Director Gregg M. Sherrill | Management | For | Voted - For |
1.10 | Elect Director Donald J. Stebbins | Management | For | Voted - For |
2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | Voted - For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
4 | Advisory Vote on Say on Pay Frequency | Management | One Year | Voted - One Year |
SOUTHERN COPPER CORPORATION
Security ID: 84265V105
Ticker: SCCO
Meeting Date: 26-May-23
Meeting Type: Annual
1.1 | Elect Director German Larrea Mota-Velasco | Management | For | Voted - Withheld |
1.2 | Elect Director Oscar Gonzalez Rocha | Management | For | Voted - Withheld |
1.3 | Elect Director Vicente Ariztegui Andreve | Management | For | Voted - For |
1.4 | Elect Director Enrique Castillo Sanchez Mejorada | Management | For | Voted - For |
1.5 | Elect Director Leonardo Contreras Lerdo de Tejada | Management | For | Voted - For |
1.6 | Elect Director Xavier Garcia de Quevedo Topete | Management | For | Voted - Withheld |
1.7 | Elect Director Luis Miguel Palomino Bonilla | Management | For | Voted - Withheld |
1.8 | Elect Director Gilberto Perezalonso Cifuentes | Management | For | Voted - Withheld |
1.9 | Elect Director Carlos Ruiz Sacristan | Management | For | Voted - Withheld |
2 | Ratify Galaz, Yamazaki, Ruiz Urquiza S.C. as Auditors | Management | For | Voted - For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
4 | Advisory Vote on Say on Pay Frequency | Management | One Year | Voted - One Year |
SPECTRIS PLC
Security ID: G8338K104
Ticker: SXS
Meeting Date: 13-Dec-22
Meeting Type: Special
1 | Approve Remuneration Policy | Management | For | Did Not Vote |
Meeting Date: 26-May-23
Meeting Type: Annual
1 | Accept Financial Statements and Statutory Reports | Management | For | Did Not Vote |
2 | Approve Remuneration Report | Management | For | Did Not Vote |
3 | Approve Final Dividend | Management | For | Did Not Vote |
4 | Re-elect Ravi Gopinath as Director | Management | For | Did Not Vote |
5 | Re-elect Derek Harding as Director | Management | For | Did Not Vote |
6 | Re-elect Andrew Heath as Director | Management | For | Did Not Vote |
7 | Re-elect Alison Henwood as Director | Management | For | Did Not Vote |
8 | Re-elect Ulf Quellmann as Director | Management | For | Did Not Vote |
9 | Re-elect William Seeger as Director | Management | For | Did Not Vote |
10 | Re-elect Cathy Turner as Director | Management | For | Did Not Vote |
11 | Re-elect Kjersti Wiklund as Director | Management | For | Did Not Vote |
12 | Re-elect Mark Williamson as Director | Management | For | Did Not Vote |
13 | Reappoint Deloitte LLP as Auditors | Management | For | Did Not Vote |
11
Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
14 | Authorise the Audit and Risk Committee to Fix Remuneration of Auditors | Management | For | Did Not Vote |
15 | Authorise Issue of Equity | Management | For | Did Not Vote |
16 | Authorise Issue of Equity without Pre-emptive Rights | Management | For | Did Not Vote |
17 | Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment | Management | For | Did Not Vote |
18 | Authorise Market Purchase of Ordinary Shares | Management | For | Did Not Vote |
19 | Authorise the Company to Call General Meeting with Two Weeks' Notice | Management | For | Did Not Vote |
SUNCOR ENERGY INC.
Security ID: 867224107
Ticker: SU
Meeting Date: 09-May-23
Meeting Type: Annual
1.1 | Elect Director Ian R. Ashby | Management | For | Voted - For |
1.2 | Elect Director Patricia M. Bedient | Management | For | Voted - For |
1.3 | Elect Director Russell K. Girling | Management | For | Voted - For |
1.4 | Elect Director Jean Paul (JP) Gladu | Management | For | Voted - For |
1.5 | Elect Director Dennis M. Houston | Management | For | Voted - For |
1.6 | Elect Director Richard M. Kruger | Management | For | Voted - For |
1.7 | Elect Director Brian P. MacDonald | Management | For | Voted - For |
1.8 | Elect Director Lorraine Mitchelmore | Management | For | Voted - For |
1.9 | Elect Director Daniel Romasko | Management | For | Voted - For |
1.10 | Elect Director Christopher R. Seasons | Management | For | Voted - For |
1.11 | Elect Director M. Jacqueline Sheppard | Management | For | Voted - For |
1.12 | Elect Director Eira M. Thomas | Management | For | Voted - For |
1.13 | Elect Director Michael M. Wilson | Management | For | Voted - For |
2 | Ratify KPMG LLP as Auditors | Management | For | Voted - For |
3 | Advisory Vote on Executive Compensation Approach | Management | For | Voted - For |
Shareholder Proposal | Management | For | Non-Voting | |
4 | SP 1: Report on Alignment of Capital Expenditure Plans with 2030 Emissions Reductions Target and 2050 Net Zero Pledge | Shareholder | Against | Voted - Against |
TATE & LYLE PLC
Security ID: G86838151
Ticker: TATE
Meeting Date: 28-Jul-22
Meeting Type: Annual
Meeting for ADR Holders | Management | For | Non-Voting | |
1 | Accept Financial Statements and Statutory Reports | Management | For | Voted - For |
2 | Approve Remuneration Report | Management | For | Voted - For |
3 | Approve Final Dividend | Management | For | Voted - For |
4 | Re-elect Gerry Murphy as Director | Management | For | Voted - For |
5 | Re-elect Nick Hampton as Director | Management | For | Voted - For |
6 | Elect Dawn Allen as Director | Management | For | Voted - For |
7 | Re-elect John Cheung as Director | Management | For | Voted - For |
12
Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
8 | Re-elect Patricia Corsi as Director | Management | For | Voted - For |
9 | Elect Isabelle Esser as Director | Management | For | Voted - For |
10 | Re-elect Paul Forman as Director | Management | For | Voted - For |
11 | Re-elect Lars Frederiksen as Director | Management | For | Voted - For |
12 | Re-elect Kimberly Nelson as Director | Management | For | Voted - For |
13 | Re-elect Sybella Stanley as Director | Management | For | Voted - For |
14 | Re-elect Warren Tucker as Director | Management | For | Voted - For |
15 | Reappoint Ernst & Young LLP as Auditors | Management | For | Voted - For |
16 | Authorise the Audit Committee to Fix Remuneration of Auditors | Management | For | Voted - For |
17 | Authorise UK Political Donations and Expenditure | Management | For | Voted - For |
18 | Authorise Issue of Equity | Management | For | Voted - For |
19 | Authorise Issue of Equity without Pre-emptive Rights | Management | For | Voted - For |
20 | Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment | Management | For | Voted - For |
21 | Authorise Market Purchase of Ordinary Shares | Management | For | Voted - For |
22 | Approve Reduction and Cancellation of Capital Cumulative Preference Shares | Management | For | Voted - For |
23 | Adopt New Articles of Association | Management | For | Voted - For |
24 | Authorise the Company to Call General Meeting with Two Weeks' Notice | Management | For | Voted - For |
TENARIS SA
Security ID: L90272102
Ticker: TEN
Meeting Date: 03-May-23
Meeting Type: Annual
Meeting for ADR Holders | Management | For | Non-Voting | |
1 | Receive and Approve Board's and Auditor's Reports Re: Consolidated Financial Statements and Statutory Reports | Management | For | Voted - For |
2 | Approve Consolidated Financial Statements | Management | For | Voted - For |
3 | Approve Financial Statements | Management | For | Voted - For |
4 | Approve Allocation of Income and Dividends | Management | For | Voted - For |
5 | Approve Discharge of Directors | Management | For | Voted - For |
6 | Elect Directors (Bundled) | Management | For | Voted - Against |
7 | Approve Remuneration of Directors | Management | For | Voted - For |
8 | Approve Remuneration Report | Management | For | Voted - Against |
9 | Approve Auditors for the Fiscal Year Ending December 31, 2023, and Authorize Board to Fix Their Remuneration | Management | For | Voted - For |
10 | Approve Auditors for the Fiscal Year Ending December 31, 2024 | Management | For | Voted - For |
11 | Allow Electronic Distribution of Company Documents to Shareholders | Management | For | Voted - For |
13
Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
THE BANK OF NEW YORK MELLON CORPORATION
Security ID: 064058100
Ticker: BK
Meeting Date: 12-Apr-23
Meeting Type: Annual
1a | Elect Director Linda Z. Cook | Management | For | Voted - For |
1b | Elect Director Joseph J. Echevarria | Management | For | Voted - For |
1c | Elect Director M. Amy Gilliland | Management | For | Voted - For |
1d | Elect Director Jeffrey A. Goldstein | Management | For | Voted - For |
1e | Elect Director K. Guru Gowrappan | Management | For | Voted - For |
1f | Elect Director Ralph Izzo | Management | For | Voted - For |
1g | Elect Director Sandra E. "Sandie" O'Connor | Management | For | Voted - For |
1h | Elect Director Elizabeth E. Robinson | Management | For | Voted - For |
1i | Elect Director Frederick O. Terrell | Management | For | Voted - For |
1j | Elect Director Robin A. Vince | Management | For | Voted - For |
1k | Elect Director Alfred W. "Al" Zollar | Management | For | Voted - For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
3 | Advisory Vote on Say on Pay Frequency | Management | One Year | Voted - One Year |
4 | Ratify KPMG LLP as Auditors | Management | For | Voted - For |
5 | Approve Omnibus Stock Plan | Management | For | Voted - For |
6 | Submit Severance Agreement (Change-in-Control) to Shareholder Vote | Shareholder | Against | Voted - Against |
UTAH MEDICAL PRODUCTS, INC.
Security ID: 917488108
Ticker: UTMD
Meeting Date: 05-May-23
Meeting Type: Annual
1.1 | Elect Director Ernst G. Hoyer | Management | For | Voted - Withheld |
1.2 | Elect Director James H. Beeson | Management | For | Voted - Withheld |
2 | Approve Omnibus Stock Plan | Management | For | Voted - Against |
3 | Ratify Haynie & Company as Auditors | Management | For | Voted - For |
4 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
5 | Advisory Vote on Say on Pay Frequency | Management | One Year | Voted - One Year |
VISTRA CORP.
Security ID: 92840M102
Ticker: VST
Meeting Date: 02-May-23
Meeting Type: Annual
1.1 | Elect Director Scott B. Helm | Management | For | Voted - For |
1.2 | Elect Director Hilary E. Ackermann | Management | For | Voted - For |
1.3 | Elect Director Arcilia C. Acosta | Management | For | Voted - For |
1.4 | Elect Director Gavin R. Baiera | Management | For | Voted - For |
1.5 | Elect Director Paul M. Barbas | Management | For | Voted - For |
1.6 | Elect Director James A. Burke | Management | For | Voted – For |
14
Penn Mutual AM 1847 Income Fund | ||||
Proposal | Proposed by | Mgt. Position | Registrant Voted |
1.7 | Elect Director Lisa Crutchfield | Management | For | Voted - For |
1.8 | Elect Director Brian K. Ferraioli | Management | For | Voted - For |
1.9 | Elect Director Jeff D. Hunter | Management | For | Voted - For |
1.10 | Elect Director Julie A. Lagacy | Management | For | Voted - For |
1.11 | Elect Director John R. (J.R.) Sult | Management | For | Voted - For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Voted - For |
3 | Ratify Deloitte & Touche LLP as Auditors | Management | For | Voted - For |
15
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 III
By: /s/ Michael Beattie
Michael Beattie
President
Date: August 7, 2023
16