UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
INVESTMENT COMPANY ACT FILE NUMBER: 811-3916
NAME OF REGISTRANT: VANGUARD SPECIALIZED FUNDS
ADDRESS OF REGISTRANT: PO BOX 2600, VALLEY FORGE, PA 19482
NAME AND ADDRESS OF AGENT FOR SERVICE: ANNE E. ROBINSON
PO BOX 876
VALLEY FORGE, PA 19482
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (610) 669-1000
DATE OF FISCAL YEAR END: JANUARY 31
DATE OF REPORTING PERIOD: JULY 1, 2017 - JUNE 30, 2018
FUND: VANGUARD DIVIDEND GROWTH FUND
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ISSUER: Accenture plc
TICKER: ACN CUSIP: G1151C101
MEETING DATE: 2/7/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR JAIME ARDILA ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR CHARLES H. GIANCARLO ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR HERBERT HAINER ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR MARJORIE MAGNER ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR NANCY MCKINSTRY ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR PIERRE NANTERME ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR GILLES C. PELISSON ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR PAULA A. PRICE ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR ARUN SARIN ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR FRANK K. TANG ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR TRACEY T. TRAVIS ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: APPROVE KPMG LLP AS AUDITORS AND ISSUER YES FOR FOR
AUTHORIZE BOARD TO FIX THEIR REMUNERATION
PROPOSAL #5: AUTHORIZE ISSUANCE OF EQUITY OR EQUITY- ISSUER YES FOR FOR
LINKED SECURITIES WITH PREEMPTIVE RIGHTS
PROPOSAL #6: AUTHORIZE ISSUANCE OF EQUITY OR EQUITY- ISSUER YES FOR FOR
LINKED SECURITIES WITHOUT PREEMPTIVE RIGHTS
PROPOSAL #7: DETERMINE THE PRICE RANGE AT WHICH ISSUER YES FOR FOR
ACCENTURE PLC CAN RE-ISSUE SHARES THAT IT ACQUIRES AS
TREASURY STOCK
PROPOSAL #8: APPROVE MERGER AGREEMENT ISSUER YES FOR FOR
PROPOSAL #9: AMEND ARTICLES OF ASSOCIATION TO NO ISSUER YES FOR FOR
LONGER REQUIRE SHAREHOLDER APPROVAL OF CERTAIN
INTERNAL TRANSACTIONS
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ISSUER: American Express Company
TICKER: AXP CUSIP: 025816109
MEETING DATE: 5/7/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR CHARLENE BARSHEFSKY ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR JOHN J. BRENNAN ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR PETER CHERNIN ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR RALPH DE LA VEGA ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR ANNE L. LAUVERGEON ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR MICHAEL O. LEAVITT ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR THEODORE J. LEONSIS ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR RICHARD C. LEVIN ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR SAMUEL J. PALMISANO ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR STEPHEN J. SQUERI ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR DANIEL L. VASELLA ISSUER YES FOR FOR
PROPOSAL #1l: ELECT DIRECTOR RONALD A. WILLIAMS ISSUER YES FOR FOR
PROPOSAL #1m: ELECT DIRECTOR CHRISTOPHER D. YOUNG ISSUER YES FOR FOR
PROPOSAL #2: RATIFY PRICEWATERHOUSECOOPERS LLP AS ISSUER YES FOR FOR
AUDITORS
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: PROVIDE RIGHT TO ACT BY WRITTEN CONSENT SHAREHOLDER YES AGAINST FOR
PROPOSAL #5: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
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ISSUER: American Tower Corporation
TICKER: AMT CUSIP: 03027X100
MEETING DATE: 5/23/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR GUSTAVO LARA CANTU ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR RAYMOND P. DOLAN ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR ROBERT D. HORMATS ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR GRACE D. LIEBLEIN ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR CRAIG MACNAB ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR JOANN A. REED ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR PAMELA D.A. REEVE ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR DAVID E. SHARBUTT ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR JAMES D. TAICLET, JR. ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR SAMME L. THOMPSON ISSUER YES FOR FOR
PROPOSAL #2: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Amgen Inc.
TICKER: AMGN CUSIP: 031162100
MEETING DATE: 5/22/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR WANDA M. AUSTIN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ROBERT A. BRADWAY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR BRIAN J. DRUKER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR ROBERT A. ECKERT ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR GREG C. GARLAND ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR FRED HASSAN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR REBECCA M. HENDERSON ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR FRANK C. HERRINGER ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR CHARLES M. HOLLEY, JR. ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR TYLER JACKS ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR ELLEN J. KULLMAN ISSUER YES FOR FOR
PROPOSAL #1.12: ELECT DIRECTOR RONALD D. SUGAR ISSUER YES FOR FOR
PROPOSAL #1.13: ELECT DIRECTOR R. SANDERS WILLIAMS ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY ERNST & YOUNG LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: REPORT ON INTEGRATING RISKS RELATED TO SHAREHOLDER YES AGAINST FOR
DRUG PRICING INTO SENIOR EXECUTIVE COMPENSATION
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ISSUER: Automatic Data Processing, Inc.
TICKER: ADP CUSIP: 053015103
MEETING DATE: 11/7/2017 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR PETER BISSON ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR RICHARD T. CLARK ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR ERIC C. FAST ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR LINDA R. GOODEN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR MICHAEL P. GREGOIRE ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR R. GLENN HUBBARD ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR JOHN P. JONES ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR WILLIAM J. READY ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR CARLOS A. RODRIGUEZ ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR SANDRA S. WIJNBERG ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #4: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #5: REPEAL AMENDMENTS TO THE COMPANY'S BY- SHAREHOLDER YES AGAINST FOR
LAWS ADOPTED WITHOUT STOCKHOLDER APPROVAL AFTER
AUGUST 2, 2016
PROPOSAL #1.1: ELECT DIRECTOR WILLIAM A. ACKMAN SHAREHOLDER NO N/A N/A
PROPOSAL #1.2: ELECT DIRECTOR VERONICA M. HAGEN SHAREHOLDER NO N/A N/A
PROPOSAL #1.3: ELECT DIRECTOR V. PAUL UNRUH SHAREHOLDER NO N/A N/A
PROPOSAL #1.4: MANAGEMENT NOMINEE PETER BISSON SHAREHOLDER NO N/A N/A
PROPOSAL #1.5: MANAGEMENT NOMINEE RICHARD T. CLARK SHAREHOLDER NO N/A N/A
PROPOSAL #1.6: MANAGEMENT NOMINEE LINDA R. GOODEN SHAREHOLDER NO N/A N/A
PROPOSAL #1.7: MANAGEMENT NOMINEE MICHAEL P. GREGOIRE SHAREHOLDER NO N/A N/A
PROPOSAL #1.8: MANAGEMENT NOMINEE WILLIAM J. READY SHAREHOLDER NO N/A N/A
PROPOSAL #1.9: MANAGEMENT NOMINEE CARLOS A. RODRIGUEZ SHAREHOLDER NO N/A N/A
PROPOSAL #1.10: MANAGEMENT NOMINEE SANDRA S. WIJNBERG SHAREHOLDER NO N/A N/A
PROPOSAL #2: REPEAL AMENDMENTS TO THE COMPANY'S BY- SHAREHOLDER NO N/A N/A
LAWS ADOPTED WITHOUT STOCKHOLDER APPROVAL AFTER
AUGUST 2, 2016
PROPOSAL #3: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER NO N/A N/A
PROPOSAL #4: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER NO N/A N/A
PROPOSAL #5: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER NO N/A N/A
OFFICERS' COMPENSATION
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ISSUER: BlackRock, Inc.
TICKER: BLK CUSIP: 09247X101
MEETING DATE: 5/23/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR MATHIS CABIALLAVETTA ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR PAMELA DALEY ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR WILLIAM S. DEMCHAK ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR JESSICA P. EINHORN ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR LAURENCE D. FINK ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR WILLIAM E. FORD ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR FABRIZIO FREDA ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR MURRY S. GERBER ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR MARGARET L. JOHNSON ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR ROBERT S. KAPITO ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR DERYCK MAUGHAN ISSUER YES FOR FOR
PROPOSAL #1l: ELECT DIRECTOR CHERYL D. MILLS ISSUER YES FOR FOR
PROPOSAL #1m: ELECT DIRECTOR GORDON M. NIXON ISSUER YES FOR FOR
PROPOSAL #1n: ELECT DIRECTOR CHARLES H. ROBBINS ISSUER YES FOR FOR
PROPOSAL #1o: ELECT DIRECTOR IVAN G. SEIDENBERG ISSUER YES FOR FOR
PROPOSAL #1p: ELECT DIRECTOR MARCO ANTONIO SLIM DOMIT ISSUER YES FOR FOR
PROPOSAL #1q: ELECT DIRECTOR SUSAN L. WAGNER ISSUER YES FOR FOR
PROPOSAL #1r: ELECT DIRECTOR MARK WILSON ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: RATIFY DELOITTE LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #5: REPORT ON LOBBYING PAYMENTS AND POLICY SHAREHOLDER YES AGAINST FOR
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ISSUER: Canadian National Railway Company
TICKER: CNR CUSIP: 136375102
MEETING DATE: 4/24/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR SHAUNEEN BRUDER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DONALD J. CARTY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR GORDON D. GIFFIN ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JULIE GODIN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR EDITH E. HOLIDAY ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR V. MAUREEN KEMPSTON ISSUER YES FOR FOR
DARKES
PROPOSAL #1.7: ELECT DIRECTOR DENIS LOSIER ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR KEVIN G. LYNCH ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR JAMES E. O'CONNOR ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR ROBERT PACE ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR ROBERT L. PHILLIPS ISSUER YES FOR FOR
PROPOSAL #1.12: ELECT DIRECTOR LAURA STEIN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY KPMG LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE ON EXECUTIVE COMPENSATION ISSUER YES FOR FOR
APPROACH
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ISSUER: Cardinal Health, Inc.
TICKER: CAH CUSIP: 14149Y108
MEETING DATE: 11/8/2017 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR DAVID J. ANDERSON ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR COLLEEN F. ARNOLD ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR GEORGE S. BARRETT ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR CARRIE S. COX ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR CALVIN DARDEN ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR BRUCE L. DOWNEY ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR PATRICIA A. HEMINGWAY ISSUER YES FOR FOR
HALL
PROPOSAL #1.8: ELECT DIRECTOR CLAYTON M. JONES ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR GREGORY B. KENNY ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR NANCY KILLEFER ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR DAVID P. KING ISSUER YES FOR FOR
PROPOSAL #2: RATIFY ERNST & YOUNG LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #5: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
PROPOSAL #6: PROVIDE FOR CONFIDENTIAL RUNNING VOTE SHAREHOLDER YES AGAINST FOR
TALLIES ON EXECUTIVE PAY MATTERS
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ISSUER: Chubb Limited
TICKER: CB CUSIP: H1467J104
MEETING DATE: 5/17/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ACCEPT FINANCIAL STATEMENTS AND ISSUER YES FOR FOR
STATUTORY REPORTS
PROPOSAL #2.1: ALLOCATE DISPOSABLE PROFIT ISSUER YES FOR FOR
PROPOSAL #2.2: APPROVE DIVIDEND DISTRIBUTION FROM ISSUER YES FOR FOR
LEGAL RESERVES THROUGH CAPITAL CONTRIBUTIONS RESERVE
SUBACCOUNT
PROPOSAL #3: APPROVE DISCHARGE OF BOARD AND SENIOR ISSUER YES FOR FOR
MANAGEMENT
PROPOSAL #4.1: RATIFY PRICEWATERHOUSECOOPERS AG ISSUER YES FOR FOR
(ZURICH) AS AUDITORS
PROPOSAL #4.2: RATIFY PRICEWATERHOUSECOOPERS LLP ISSUER YES FOR FOR
(UNITED STATES) AS INDEPENDENT REGISTERED ACCOUNTING
FIRM AS AUDITORS
PROPOSAL #4.3: RATIFY BDO AG (ZURICH) AS SPECIAL ISSUER YES FOR FOR
AUDITORS
PROPOSAL #5.1: ELECT DIRECTOR EVAN G. GREENBERG ISSUER YES FOR FOR
PROPOSAL #5.2: ELECT DIRECTOR ROBERT M. HERNANDEZ ISSUER YES FOR FOR
PROPOSAL #5.3: ELECT DIRECTOR MICHAEL G. ATIEH ISSUER YES FOR FOR
PROPOSAL #5.4: ELECT DIRECTOR SHEILA P. BURKE ISSUER YES FOR FOR
PROPOSAL #5.5: ELECT DIRECTOR JAMES I. CASH ISSUER YES FOR FOR
PROPOSAL #5.6: ELECT DIRECTOR MARY CIRILLO ISSUER YES FOR FOR
PROPOSAL #5.7: ELECT DIRECTOR MICHAEL P. CONNORS ISSUER YES FOR FOR
PROPOSAL #5.8: ELECT DIRECTOR JOHN A. EDWARDSON ISSUER YES FOR FOR
PROPOSAL #5.9: ELECT DIRECTOR KIMBERLY A. ROSS ISSUER YES FOR FOR
PROPOSAL #5.10: ELECT DIRECTOR ROBERT W. SCULLY ISSUER YES FOR FOR
PROPOSAL #5.11: ELECT DIRECTOR EUGENE B. SHANKS, JR. ISSUER YES FOR FOR
PROPOSAL #5.12: ELECT DIRECTOR THEODORE E. SHASTA ISSUER YES FOR FOR
PROPOSAL #5.13: ELECT DIRECTOR DAVID H. SIDWELL ISSUER YES FOR FOR
PROPOSAL #5.14: ELECT DIRECTOR OLIVIER STEIMER ISSUER YES FOR FOR
PROPOSAL #5.15: ELECT DIRECTOR JAMES M. ZIMMERMAN ISSUER YES FOR FOR
PROPOSAL #6: ELECT EVAN G. GREENBERG AS BOARD ISSUER YES FOR FOR
CHAIRMAN
PROPOSAL #7.1: APPOINT MICHAEL P. CONNORS AS MEMBER ISSUER YES FOR FOR
OF THE COMPENSATION COMMITTEE
PROPOSAL #7.2: APPOINT MARY CIRILLO AS MEMBER OF THE ISSUER YES FOR FOR
COMPENSATION COMMITTEE
PROPOSAL #7.3: APPOINT ROBERT M. HERNANDEZ AS MEMBER ISSUER YES FOR FOR
OF THE COMPENSATION COMMITTEE
PROPOSAL #7.4: APPOINT JAMES M. ZIMMERMAN AS MEMBER ISSUER YES FOR FOR
OF THE COMPENSATION COMMITTEE
PROPOSAL #8: DESIGNATE HOMBURGER AG AS INDEPENDENT ISSUER YES FOR FOR
PROXY
PROPOSAL #9: ISSUE SHARES WITHOUT PREEMPTIVE RIGHTS ISSUER YES FOR FOR
PROPOSAL #10.1: APPROVE THE MAXIMUM AGGREGATE ISSUER YES FOR FOR
REMUNERATION OF DIRECTORS
PROPOSAL #10.2: APPROVE REMUNERATION OF EXECUTIVE ISSUER YES FOR FOR
MANAGEMENT IN THE AMOUNT OF USD 43 MILLION FOR FISCAL
2019
PROPOSAL #11: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
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ISSUER: Colgate-Palmolive Company
TICKER: CL CUSIP: 194162103
MEETING DATE: 5/11/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR CHARLES A. BANCROFT ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR JOHN P. BILBREY ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR JOHN T. CAHILL ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR IAN COOK ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR HELENE D. GAYLE ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR ELLEN M. HANCOCK ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR C. MARTIN HARRIS ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR LORRIE M. NORRINGTON ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR MICHAEL B. POLK ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR STEPHEN I. SADOVE ISSUER YES FOR FOR
PROPOSAL #2: RATIFY PRICEWATERHOUSECOOPERS LLP AS ISSUER YES FOR FOR
AUDITORS
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: REDUCE OWNERSHIP THRESHOLD FOR SHAREHOLDER YES AGAINST FOR
SHAREHOLDERS TO CALL SPECIAL MEETING
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ISSUER: Costco Wholesale Corporation
TICKER: COST CUSIP: 22160K105
MEETING DATE: 1/30/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR KENNETH D. DENMAN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR W. CRAIG JELINEK ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JEFFREY S. RAIKES ISSUER YES FOR FOR
PROPOSAL #2: RATIFY KPMG LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: ADOPT SIMPLE MAJORITY VOTE SHAREHOLDER YES FOR AGAINST
PROPOSAL #5: ADOPT POLICY REGARDING PRISON LABOR SHAREHOLDER YES AGAINST FOR
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ISSUER: CVS Health Corporation
TICKER: CVS CUSIP: 126650100
MEETING DATE: 3/13/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ISSUE SHARES IN CONNECTION WITH MERGER ISSUER YES FOR FOR
PROPOSAL #2: ADJOURN MEETING ISSUER YES FOR FOR
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ISSUER: Danaher Corporation
TICKER: DHR CUSIP: 235851102
MEETING DATE: 5/8/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR DONALD J. EHRLICH ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR LINDA HEFNER FILLER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR THOMAS P. JOYCE, JR. ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR TERI LIST-STOLL ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR WALTER G. LOHR, JR. ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR MITCHELL P. RALES ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR STEVEN M. RALES ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR JOHN T. SCHWIETERS ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR ALAN G. SPOON ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR RAYMOND C. STEVENS ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR ELIAS A. ZERHOUNI ISSUER YES FOR FOR
PROPOSAL #2: RATIFY ERNST & YOUNG LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: REDUCE OWNERSHIP THRESHOLD FOR SHAREHOLDER YES AGAINST FOR
SHAREHOLDERS TO CALL SPECIAL MEETING
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ISSUER: Diageo plc
TICKER: DGE CUSIP: G42089113
MEETING DATE: 9/20/2017 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ACCEPT FINANCIAL STATEMENTS AND ISSUER YES FOR FOR
STATUTORY REPORTS
PROPOSAL #2: APPROVE REMUNERATION REPORT ISSUER YES FOR FOR
PROPOSAL #3: APPROVE REMUNERATION POLICY ISSUER YES FOR FOR
PROPOSAL #4: APPROVE FINAL DIVIDEND ISSUER YES FOR FOR
PROPOSAL #5: RE-ELECT PEGGY BRUZELIUS AS DIRECTOR ISSUER YES FOR FOR
PROPOSAL #6: RE-ELECT LORD DAVIES OF ABERSOCH AS ISSUER YES FOR FOR
DIRECTOR
PROPOSAL #7: RE-ELECT JAVIER FERRAN AS DIRECTOR ISSUER YES FOR FOR
PROPOSAL #8: RE-ELECT HO KWONPING AS DIRECTOR ISSUER YES FOR FOR
PROPOSAL #9: RE-ELECT BETSY HOLDEN AS DIRECTOR ISSUER YES FOR FOR
PROPOSAL #10: RE-ELECT NICOLA MENDELSOHN AS DIRECTOR ISSUER YES FOR FOR
PROPOSAL #11: RE-ELECT IVAN MENEZES AS DIRECTOR ISSUER YES FOR FOR
PROPOSAL #12: RE-ELECT KATHRYN MIKELLS AS DIRECTOR ISSUER YES FOR FOR
PROPOSAL #13: RE-ELECT ALAN STEWART AS DIRECTOR ISSUER YES FOR FOR
PROPOSAL #14: REAPPOINT PRICEWATERHOUSECOOPERS LLP AS ISSUER YES FOR FOR
AUDITORS
PROPOSAL #15: AUTHORISE THE AUDIT COMMITTEE TO FIX ISSUER YES FOR FOR
REMUNERATION OF AUDITORS
PROPOSAL #16: AUTHORISE ISSUE OF EQUITY WITH PRE- ISSUER YES FOR FOR
EMPTIVE RIGHTS
PROPOSAL #17: AUTHORISE ISSUE OF EQUITY WITHOUT PRE- ISSUER YES FOR FOR
EMPTIVE RIGHTS
PROPOSAL #18: AUTHORISE MARKET PURCHASE OF ORDINARY ISSUER YES FOR FOR
SHARES
PROPOSAL #19: AUTHORISE EU POLITICAL DONATIONS AND ISSUER YES FOR FOR
EXPENDITURE
PROPOSAL #20: ADOPT SHARE VALUE PLAN ISSUER YES FOR FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Ecolab Inc.
TICKER: ECL CUSIP: 278865100
MEETING DATE: 5/3/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR DOUGLAS M. BAKER, JR. ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR BARBARA J. BECK ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR LESLIE S. BILLER ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR CARL M. CASALE ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR STEPHEN I. CHAZEN ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR JEFFREY M. ETTINGER ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR ARTHUR J. HIGGINS ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR MICHAEL LARSON ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR DAVID W. MACLENNAN ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR TRACY B. MCKIBBEN ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR VICTORIA J. REICH ISSUER YES FOR FOR
PROPOSAL #1l: ELECT DIRECTOR SUZANNE M. VAUTRINOT ISSUER YES FOR FOR
PROPOSAL #1m: ELECT DIRECTOR JOHN J. ZILLMER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY PRICEWATERHOUSE COOPERS LLP AS ISSUER YES FOR FOR
AUDITORS
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: REDUCE OWNERSHIP THRESHOLD FOR SHAREHOLDER YES AGAINST FOR
SHAREHOLDERS TO CALL SPECIAL MEETING
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Exxon Mobil Corporation
TICKER: XOM CUSIP: 30231G102
MEETING DATE: 5/30/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR SUSAN K. AVERY ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ANGELA F. BRALY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR URSULA M. BURNS ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR KENNETH C. FRAZIER ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR STEVEN A. KANDARIAN ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR DOUGLAS R. OBERHELMAN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR SAMUEL J. PALMISANO ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR STEVEN S REINEMUND ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR WILLIAM C. WELDON ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR DARREN W. WOODS ISSUER YES FOR FOR
PROPOSAL #2: RATIFY PRICEWATERHOUSECOOPERS LLP AS ISSUER YES FOR FOR
AUDITORS
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
PROPOSAL #5: AMEND BYLAWS -- CALL SPECIAL MEETINGS SHAREHOLDER YES AGAINST FOR
PROPOSAL #6: DISCLOSE A BOARD DIVERSITY AND SHAREHOLDER YES AGAINST FOR
QUALIFICATIONS MATRIX
PROPOSAL #7: REPORT ON LOBBYING PAYMENTS AND POLICY SHAREHOLDER YES AGAINST FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: General Dynamics Corporation
TICKER: GD CUSIP: 369550108
MEETING DATE: 5/2/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR JAMES S. CROWN ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR RUDY F. DELEON ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR LESTER L. LYLES ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR MARK M. MALCOLM ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR PHEBE N. NOVAKOVIC ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR C. HOWARD NYE ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR WILLIAM A. OSBORN ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR CATHERINE B. REYNOLDS ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR LAURA J. SCHUMACHER ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR PETER A. WALL ISSUER YES FOR FOR
PROPOSAL #2: RATIFY KPMG LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST
OFFICERS' COMPENSATION
PROPOSAL #4: REDUCE OWNERSHIP THRESHOLD FOR SHAREHOLDER YES AGAINST FOR
SHAREHOLDERS TO CALL SPECIAL MEETING
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Honeywell International Inc.
TICKER: HON CUSIP: 438516106
MEETING DATE: 4/23/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1A: ELECT DIRECTOR DARIUS ADAMCZYK ISSUER YES FOR FOR
PROPOSAL #1B: ELECT DIRECTOR DUNCAN B. ANGOVE ISSUER YES FOR FOR
PROPOSAL #1C: ELECT DIRECTOR WILLIAM S. AYER ISSUER YES FOR FOR
PROPOSAL #1D: ELECT DIRECTOR KEVIN BURKE ISSUER YES FOR FOR
PROPOSAL #1E: ELECT DIRECTOR JAIME CHICO PARDO ISSUER YES FOR FOR
PROPOSAL #1F: ELECT DIRECTOR D. SCOTT DAVIS ISSUER YES FOR FOR
PROPOSAL #1G: ELECT DIRECTOR LINNET F. DEILY ISSUER YES FOR FOR
PROPOSAL #1H: ELECT DIRECTOR JUDD GREGG ISSUER YES FOR FOR
PROPOSAL #1I: ELECT DIRECTOR CLIVE HOLLICK ISSUER YES FOR FOR
PROPOSAL #1J: ELECT DIRECTOR GRACE D. LIEBLEIN ISSUER YES FOR FOR
PROPOSAL #1K: ELECT DIRECTOR GEORGE PAZ ISSUER YES FOR FOR
PROPOSAL #1L: ELECT DIRECTOR ROBIN L. WASHINGTON ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: REDUCE OWNERSHIP THRESHOLD FOR ISSUER YES FOR FOR
SHAREHOLDERS TO CALL SPECIAL MEETING
PROPOSAL #5: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
PROPOSAL #6: REPORT ON LOBBYING PAYMENTS AND POLICY SHAREHOLDER YES AGAINST FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Johnson & Johnson
TICKER: JNJ CUSIP: 478160104
MEETING DATE: 4/26/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR MARY C. BECKERLE ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR D. SCOTT DAVIS ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR IAN E. L. DAVIS ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR JENNIFER A. DOUDNA ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR ALEX GORSKY ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR MARK B. MCCLELLAN ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR ANNE M. MULCAHY ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR WILLIAM D. PEREZ ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR CHARLES PRINCE ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR A. EUGENE WASHINGTON ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR RONALD A. WILLIAMS ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY PRICEWATERHOUSECOOPERS LLP AS ISSUER YES FOR FOR
AUDITORS
PROPOSAL #4: PROHIBIT ADJUSTING COMPENSATION METRICS SHAREHOLDER YES AGAINST FOR
FOR LEGAL OR COMPLIANCE COSTS
PROPOSAL #5: REDUCE OWNERSHIP THRESHOLD FOR SHAREHOLDER YES AGAINST FOR
SHAREHOLDERS TO CALL SPECIAL MEETING
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Lockheed Martin Corporation
TICKER: LMT CUSIP: 539830109
MEETING DATE: 4/26/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR DANIEL F. AKERSON ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR NOLAN D. ARCHIBALD ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR DAVID B. BURRITT ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR BRUCE A. CARLSON ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JAMES O. ELLIS, JR. ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR THOMAS J. FALK ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR ILENE S. GORDON ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR MARILLYN A. HEWSON ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR JEH C. JOHNSON ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR JOSEPH W. RALSTON ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR JAMES D. TAICLET, JR. ISSUER YES FOR FOR
PROPOSAL #2: RATIFY ERNST & YOUNG LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: AMEND NON-EMPLOYEE DIRECTOR OMNIBUS ISSUER YES FOR FOR
STOCK PLAN
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #5: PROVIDE RIGHT TO ACT BY WRITTEN CONSENT SHAREHOLDER YES AGAINST FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Marsh & McLennan Companies, Inc.
TICKER: MMC CUSIP: 571748102
MEETING DATE: 5/17/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR ANTHONY K. ANDERSON ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR OSCAR FANJUL ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR DANIEL S. GLASER ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR H. EDWARD HANWAY ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR DEBORAH C. HOPKINS ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR ELAINE LA ROCHE ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR STEVEN A. MILLS ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR BRUCE P. NOLOP ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR MARC D. OKEN ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR MORTON O. SCHAPIRO ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR LLOYD M. YATES ISSUER YES FOR FOR
PROPOSAL #1l: ELECT DIRECTOR R. DAVID YOST ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: AMEND QUALIFIED EMPLOYEE STOCK PURCHASE ISSUER YES FOR FOR
PLAN
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: McDonald's Corporation
TICKER: MCD CUSIP: 580135101
MEETING DATE: 5/24/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR LLOYD DEAN ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR STEPHEN EASTERBROOK ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR ROBERT ECKERT ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR MARGARET (MARGO) ISSUER YES FOR FOR
GEORGIADIS
PROPOSAL #1e: ELECT DIRECTOR ENRIQUE HERNANDEZ, JR. ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR JEANNE JACKSON ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR RICHARD LENNY ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR JOHN MULLIGAN ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR SHEILA PENROSE ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR JOHN ROGERS, JR. ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR MILES WHITE ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY ERNST & YOUNG LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: PROVIDE RIGHT TO ACT BY WRITTEN CONSENT SHAREHOLDER YES AGAINST FOR
PROPOSAL #5: REPORT ON PLASTIC STRAWS SHAREHOLDER YES AGAINST FOR
PROPOSAL #6: REPORT ON CHARITABLE CONTRIBUTIONS SHAREHOLDER YES AGAINST FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: McKesson Corporation
TICKER: MCK CUSIP: 58155Q103
MEETING DATE: 7/26/2017 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR ANDY D. BRYANT ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR N. ANTHONY COLES ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR JOHN H. HAMMERGREN ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR M. CHRISTINE JACOBS ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR DONALD R. KNAUSS ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR MARIE L. KNOWLES ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR EDWARD A. MUELLER ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR SUSAN R. SALKA ISSUER YES FOR FOR
PROPOSAL #2: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST
OFFICERS' COMPENSATION
PROPOSAL #4: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #5: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
PROPOSAL #6: PROVIDE RIGHT TO ACT BY WRITTEN CONSENT SHAREHOLDER YES AGAINST FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Medtronic plc
TICKER: MDT CUSIP: G5960L103
MEETING DATE: 12/8/2017 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR RICHARD H. ANDERSON ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR CRAIG ARNOLD ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR SCOTT C. DONNELLY ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR RANDALL J. HOGAN, III ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR OMAR ISHRAK ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR SHIRLEY ANN JACKSON ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR MICHAEL O. LEAVITT ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR JAMES T. LENEHAN ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR ELIZABETH G. NABEL ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR DENISE M. O'LEARY ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR KENDALL J. POWELL ISSUER YES FOR FOR
PROPOSAL #1l: ELECT DIRECTOR ROBERT C. POZEN ISSUER YES FOR FOR
PROPOSAL #2: APPROVE PRICEWATERHOUSECOOPERS LLP AS ISSUER YES FOR FOR
AUDITORS AND AUTHORIZE AUDIT COMMITTEE TO FIX THEIR
REMUNERATION
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Merck & Co., Inc.
TICKER: MRK CUSIP: 58933Y105
MEETING DATE: 5/22/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR LESLIE A. BRUN ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR THOMAS R. CECH ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR PAMELA J. CRAIG ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR KENNETH C. FRAZIER ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR THOMAS H. GLOCER ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR ROCHELLE B. LAZARUS ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR JOHN H. NOSEWORTHY ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR PAUL B. ROTHMAN ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR PATRICIA F. RUSSO ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR CRAIG B. THOMPSON ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR INGE G. THULIN ISSUER YES FOR FOR
PROPOSAL #1l: ELECT DIRECTOR WENDELL P. WEEKS ISSUER YES �� FOR FOR
PROPOSAL #1m: ELECT DIRECTOR PETER C. WENDELL ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY PRICEWATERHOUSECOOPERS LLP AS ISSUER YES FOR FOR
AUDITORS
PROPOSAL #4: PROVIDE RIGHT TO ACT BY WRITTEN CONSENT SHAREHOLDER YES AGAINST FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Microsoft Corporation
TICKER: MSFT CUSIP: 594918104
MEETING DATE: 11/29/2017 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR WILLIAM H. GATES, III ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR REID G. HOFFMAN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR HUGH F. JOHNSTON ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR TERI L. LIST-STOLL ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR SATYA NADELLA ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR CHARLES H. NOSKI ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR HELMUT PANKE ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR SANDRA E. PETERSON ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR PENNY S. PRITZKER ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR CHARLES W. SCHARF ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR ARNE M. SORENSON ISSUER YES FOR FOR
PROPOSAL #1.12: ELECT DIRECTOR JOHN W. STANTON ISSUER YES FOR FOR
PROPOSAL #1.13: ELECT DIRECTOR JOHN W. THOMPSON ISSUER YES FOR FOR
PROPOSAL #1.14: ELECT DIRECTOR PADMASREE WARRIOR ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #4: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #5: AMEND EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #6: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
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ISSUER: NIKE, Inc.
TICKER: NKE CUSIP: 654106103
MEETING DATE: 9/21/2017 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ALAN B. GRAF, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JOHN C. LECHLEITER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MICHELLE A. PELUSO ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #4: AMEND EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #5: REPORT ON POLITICAL CONTRIBUTIONS SHAREHOLDER YES AGAINST FOR
DISCLOSURE
PROPOSAL #6: RATIFY PRICEWATERHOUSECOOPERS LLP AS ISSUER YES FOR FOR
AUDITORS
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Northrop Grumman Corporation
TICKER: NOC CUSIP: 666807102
MEETING DATE: 5/16/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR WESLEY G. BUSH ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR MARIANNE C. BROWN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR DONALD E. FELSINGER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR ANN M. FUDGE ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR BRUCE S. GORDON ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR WILLIAM H. HERNANDEZ ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR MADELEINE A. KLEINER ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR KARL J. KRAPEK ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR GARY ROUGHEAD ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR THOMAS M. SCHOEWE ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR JAMES S. TURLEY ISSUER YES FOR FOR
PROPOSAL #1.12: ELECT DIRECTOR MARK A. WELSH, III ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: REDUCE OWNERSHIP THRESHOLD FOR SHAREHOLDER YES AGAINST FOR
SHAREHOLDERS TO CALL SPECIAL MEETING
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: PepsiCo, Inc.
TICKER: PEP CUSIP: 713448108
MEETING DATE: 5/2/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR SHONA L. BROWN ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR GEORGE W. BUCKLEY ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR CESAR CONDE ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR IAN M. COOK ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR DINA DUBLON ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR RICHARD W. FISHER ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR WILLIAM R. JOHNSON ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR INDRA K. NOOYI ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR DAVID C. PAGE ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR ROBERT C. POHLAD ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR DANIEL VASELLA ISSUER YES FOR FOR
PROPOSAL #1l: ELECT DIRECTOR DARREN WALKER ISSUER YES FOR FOR
PROPOSAL #1m: ELECT DIRECTOR ALBERTO WEISSER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY KPMG LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: REDUCE OWNERSHIP THRESHOLD FOR SHAREHOLDER YES AGAINST FOR
SHAREHOLDERS TO CALL SPECIAL MEETING
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Praxair, Inc.
TICKER: PX CUSIP: 74005P104
MEETING DATE: 9/27/2017 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: APPROVE MERGER AGREEMENT ISSUER YES FOR FOR
PROPOSAL #2: APPROVE THE CREATION OF DISTRIBUTABLE ISSUER YES FOR FOR
RESERVES
PROPOSAL #3: ADVISORY VOTE ON GOLDEN PARACHUTES ISSUER YES FOR FOR
PROPOSAL #4: ADJOURN MEETING ISSUER YES FOR FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Public Storage
TICKER: PSA CUSIP: 74460D109
MEETING DATE: 4/25/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR RONALD L. HAVNER, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR TAMARA HUGHES GUSTAVSON ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR URI P. HARKHAM ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR LESLIE S. HEISZ ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR B. WAYNE HUGHES, JR. ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR AVEDICK B. POLADIAN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR GARY E. PRUITT ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR RONALD P. SPOGLI ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR DANIEL C. STATON ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: AMEND BYLAWS ISSUER YES FOR FOR
PROPOSAL #4: RATIFY ERNST & YOUNG LLP AS AUDITORS ISSUER YES FOR FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Schlumberger Limited
TICKER: SLB CUSIP: 806857108
MEETING DATE: 4/4/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR PETER L.S. CURRIE ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR MIGUEL M. GALUCCIO ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR V. MAUREEN KEMPSTON ISSUER YES FOR FOR
DARKES
PROPOSAL #1d: ELECT DIRECTOR PAAL KIBSGAARD ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR NIKOLAY KUDRYAVTSEV ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR HELGE LUND ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR MICHAEL E. MARKS ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR INDRA K. NOOYI ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR LUBNA S. OLAYAN ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR LEO RAFAEL REIF ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR HENRI SEYDOUX ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: ADOPT AND APPROVE FINANCIALS AND ISSUER YES FOR FOR
DIVIDENDS
PROPOSAL #4: RATIFY PRICEWATERHOUSECOOPERS LLP AS ISSUER YES FOR FOR
AUDITORS
PROPOSAL #5: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Starbucks Corporation
TICKER: SBUX CUSIP: 855244109
MEETING DATE: 3/21/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR HOWARD SCHULTZ ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR ROSALIND G. BREWER ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR MARY N. DILLON ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR MELLODY HOBSON ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR KEVIN R. JOHNSON ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR JORGEN VIG KNUDSTORP ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR SATYA NADELLA ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR JOSHUA COOPER RAMO ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR CLARA SHIH ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR JAVIER G. TERUEL ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR MYRON E. ULLMAN, III ISSUER YES FOR FOR
PROPOSAL #1l: ELECT DIRECTOR CRAIG E. WEATHERUP ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: PROXY ACCESS BYLAW AMENDMENTS SHAREHOLDER YES AGAINST FOR
PROPOSAL #5: REPORT ON SUSTAINABLE PACKAGING SHAREHOLDER YES AGAINST FOR
PROPOSAL #7: PREPARE EMPLOYMENT DIVERSITY REPORT AND SHAREHOLDER YES AGAINST FOR
REPORT ON DIVERSITY POLICIES
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: The Coca-Cola Company
TICKER: KO CUSIP: 191216100
MEETING DATE: 4/25/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR HERBERT A. ALLEN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR RONALD W. ALLEN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MARC BOLLAND ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR ANA BOTIN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR RICHARD M. DALEY ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR CHRISTOPHER C. DAVIS ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR BARRY DILLER ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR HELENE D. GAYLE ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR ALEXIS M. HERMAN ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR MUHTAR KENT ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR ROBERT A. KOTICK ISSUER YES FOR FOR
PROPOSAL #1.12: ELECT DIRECTOR MARIA ELENA LAGOMASINO ISSUER YES FOR FOR
PROPOSAL #1.13: ELECT DIRECTOR SAM NUNN ISSUER YES FOR FOR
PROPOSAL #1.14: ELECT DIRECTOR JAMES QUINCEY ISSUER YES FOR FOR
PROPOSAL #1.15: ELECT DIRECTOR CAROLINE J. TSAY ISSUER YES FOR FOR
PROPOSAL #1.16: ELECT DIRECTOR DAVID B. WEINBERG ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY ERNST & YOUNG LLP AS AUDITORS ISSUER YES FOR FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: The PNC Financial Services Group, Inc.
TICKER: PNC CUSIP: 693475105
MEETING DATE: 4/24/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR CHARLES E. BUNCH ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DEBRA A. CAFARO ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MARJORIE RODGERS ISSUER YES FOR FOR
CHESHIRE
PROPOSAL #1.4: ELECT DIRECTOR WILLIAM S. DEMCHAK ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR ANDREW T. FELDSTEIN ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR DANIEL R. HESSE ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR RICHARD B. KELSON ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR LINDA R. MEDLER ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR MARTIN PFINSGRAFF ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR DONALD J. SHEPARD ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR MICHAEL J. WARD ISSUER YES FOR FOR
PROPOSAL #1.12: ELECT DIRECTOR GREGORY D. WASSON ISSUER YES FOR FOR
PROPOSAL #2: RATIFY PRICEWATERHOUSECOOPERS LLP AS ISSUER YES FOR FOR
AUDITORS
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: The Procter & Gamble Company
TICKER: PG CUSIP: 742718109
MEETING DATE: 10/10/2017 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR FRANCIS S. BLAKE ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ANGELA F. BRALY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR AMY L. CHANG ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR KENNETH I. CHENAULT ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR SCOTT D. COOK ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR TERRY J. LUNDGREN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR W. JAMES MCNERNEY, JR. ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR DAVID S. TAYLOR ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR MARGARET C. WHITMAN ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR PATRICIA A. WOERTZ ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR ERNESTO ZEDILLO ISSUER YES FOR FOR
PROPOSAL #2: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #5: ADOPT HOLY LAND PRINCIPLES SHAREHOLDER YES AGAINST FOR
PROPOSAL #6: REPORT ON COMPANY NON-DISCRIMINATION SHAREHOLDER YES AGAINST FOR
POLICIES IN STATES WITH PRO-DISCRIMINATION LAWS
PROPOSAL #7: REPORT ON RISKS OF DOING BUSINESS IN SHAREHOLDER YES AGAINST FOR
CONFLICT-AFFECTED AREAS
PROPOSAL #8: REPEAL ANY AMENDMENTS TO CODE OF SHAREHOLDER YES AGAINST FOR
REGULATIONS ADOPTED AFTER APRIL 8, 2016
PROPOSAL #1.1: ELECT DIRECTOR NELSON PELTZ SHAREHOLDER NO N/A N/A
PROPOSAL #1.2: MANAGEMENT NOMINEE FRANCIS S. BLAKE SHAREHOLDER NO N/A N/A
PROPOSAL #1.3: MANAGEMENT NOMINEE ANGELA F. BRALY SHAREHOLDER NO N/A N/A
PROPOSAL #1.4: MANAGEMENT NOMINEE AMY L. CHANG SHAREHOLDER NO N/A N/A
PROPOSAL #1.5: MANAGEMENT NOMINEE KENNETH I. CHENAULT SHAREHOLDER NO N/A N/A
PROPOSAL #1.6: MANAGEMENT NOMINEE SCOTT D. COOK SHAREHOLDER NO N/A N/A
PROPOSAL #1.7: MANAGEMENT NOMINEE TERRY J. LUNDGREN SHAREHOLDER NO N/A N/A
PROPOSAL #1.8: MANAGEMENT NOMINEE W. JAMES MCNERNEY, SHAREHOLDER NO N/A N/A
JR.
PROPOSAL #1.9: MANAGEMENT NOMINEE DAVID S. TAYLOR SHAREHOLDER NO N/A N/A
PROPOSAL #1.10: MANAGEMENT NOMINEE MARGARET C. SHAREHOLDER NO N/A N/A
WHITMAN
PROPOSAL #1.11: MANAGEMENT NOMINEE PATRICIA A. WOERTZ SHAREHOLDER NO N/A N/A
PROPOSAL #2: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER NO N/A N/A
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER NO N/A N/A
OFFICERS' COMPENSATION
PROPOSAL #4: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER NO N/A N/A
PROPOSAL #5: ADOPT HOLY LAND PRINCIPLES SHAREHOLDER NO N/A N/A
PROPOSAL #6: REPORT ON COMPANY NON-DISCRIMINATION SHAREHOLDER NO N/A N/A
POLICIES IN STATES WITH PRO-DISCRIMINATION LAWS
PROPOSAL #7: REPORT ON RISKS OF DOING BUSINESS IN SHAREHOLDER NO N/A N/A
CONFLICT-AFFECTED AREAS
PROPOSAL #8: REPEAL ANY AMENDMENTS TO CODE OF SHAREHOLDER NO N/A N/A
REGULATIONS ADOPTED AFTER APRIL 8, 2016
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: The TJX Companies, Inc.
TICKER: TJX CUSIP: 872540109
MEETING DATE: 6/5/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ZEIN ABDALLA ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ALAN M. BENNETT ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR DAVID T. CHING ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR ERNIE HERRMAN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR MICHAEL F. HINES ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR AMY B. LANE ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR CAROL MEYROWITZ ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR JACKWYN L. NEMEROV ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR JOHN F. O'BRIEN ISSUER YES FOR FOR
PROPOSAL #1.1: ELECT DIRECTOR WILLOW B. SHIRE ISSUER YES FOR FOR
PROPOSAL #2: RATIFY PRICEWATERHOUSECOOPERS AS ISSUER YES FOR FOR
AUDITORS
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: REPORT ON GENDER, RACE, OR ETHNICITY PAY SHAREHOLDER YES AGAINST FOR
GAPS
PROPOSAL #5: CLAWBACK OF INCENTIVE PAYMENTS SHAREHOLDER YES AGAINST FOR
PROPOSAL #6: ADOPT POLICY REGARDING PRISON LABOR IN SHAREHOLDER YES AGAINST FOR
SUPPLY CHAIN
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: The Walt Disney Company
TICKER: DIS CUSIP: 254687106
MEETING DATE: 3/8/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR SUSAN E. ARNOLD ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR MARY T. BARRA ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR SAFRA A. CATZ ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR JOHN S. CHEN ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR FRANCIS A. DESOUZA ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR ROBERT A. IGER ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR MARIA ELENA LAGOMASINO ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR FRED H. LANGHAMMER ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR AYLWIN B. LEWIS ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR MARK G. PARKER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY PRICEWATERHOUSECOOPERS LLP AS ISSUER YES FOR FOR
AUDITORS
PROPOSAL #3: AMEND EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST
OFFICERS' COMPENSATION
PROPOSAL #5: REPORT ON LOBBYING PAYMENTS AND POLICY SHAREHOLDER YES AGAINST FOR
PROPOSAL #6: PROXY ACCESS BYLAW AMENDMENT SHAREHOLDER YES AGAINST FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Union Pacific Corporation
TICKER: UNP CUSIP: 907818108
MEETING DATE: 5/10/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR ANDREW H. CARD, JR. ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR ERROLL B. DAVIS, JR. ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR DAVID B. DILLON ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR LANCE M. FRITZ ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR DEBORAH C. HOPKINS ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR JANE H. LUTE ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR MICHAEL R. MCCARTHY ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR THOMAS F. MCLARTY, III ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR BHAVESH V. PATEL ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR JOSE H. VILLARREAL ISSUER YES FOR FOR
PROPOSAL #2: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: United Parcel Service, Inc.
TICKER: UPS CUSIP: 911312106
MEETING DATE: 5/10/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR DAVID P. ABNEY ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR RODNEY C. ADKINS ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR MICHAEL J. BURNS ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR WILLIAM R. JOHNSON ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR CANDACE KENDLE ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR ANN M. LIVERMORE ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR RUDY H.P. MARKHAM ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR FRANCK J. MOISON ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR CLARK "SANDY" T. RANDT, ISSUER YES FOR FOR
JR.
PROPOSAL #1j: ELECT DIRECTOR CHRISTIANA SMITH SHI ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR JOHN T. STANKEY ISSUER YES FOR FOR
PROPOSAL #1l: ELECT DIRECTOR CAROL B. TOME ISSUER YES FOR FOR
PROPOSAL #1m: ELECT DIRECTOR KEVIN M. WARSH ISSUER YES FOR FOR
PROPOSAL #2: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #3: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: REPORT ON LOBBYING PAYMENTS AND POLICY SHAREHOLDER YES AGAINST FOR
PROPOSAL #5: APPROVE RECAPITALIZATION PLAN FOR ALL SHAREHOLDER YES FOR AGAINST
STOCK TO HAVE ONE-VOTE PER SHARE
PROPOSAL #6: ASSESS FEASIBILITY OF INCLUDING SHAREHOLDER YES AGAINST FOR
SUSTAINABILITY AS A PERFORMANCE MEASURE FOR SENIOR
EXECUTIVE COMPENSATION
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: United Technologies Corporation
TICKER: UTX CUSIP: 913017109
MEETING DATE: 4/30/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR LLOYD J. AUSTIN, III ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR DIANE M. BRYANT ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR JOHN V. FARACI ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR JEAN-PIERRE GARNIER ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR GREGORY J. HAYES ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR ELLEN J. KULLMAN ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR MARSHALL O. LARSEN ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR HAROLD W. MCGRAW, III ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR MARGARET L. O'SULLIVAN ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR FREDRIC G. REYNOLDS ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR BRIAN C. ROGERS ISSUER YES FOR FOR
PROPOSAL #1l: ELECT DIRECTOR CHRISTINE TODD WHITMAN ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: RATIFY PRICEWATERHOUSECOOPERS LLP AS ISSUER YES FOR FOR
AUDITORS
PROPOSAL #5: ELIMINATE SUPERMAJORITY VOTE REQUIREMENT ISSUER YES FOR FOR
TO APPROVE CERTAIN BUSINESS COMBINATIONS
PROPOSAL #6: REDUCE OWNERSHIP THRESHOLD FOR SHAREHOLDER YES AGAINST FOR
SHAREHOLDERS TO CALL SPECIAL MEETING
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: UnitedHealth Group Incorporated
TICKER: UNH CUSIP: 91324P102
MEETING DATE: 6/4/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR WILLIAM C. BALLARD, JR. ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR RICHARD T. BURKE ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR TIMOTHY P. FLYNN ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR STEPHEN J. HEMSLEY ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR MICHELE J. HOOPER ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR F. WILLIAM MCNABB, III ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR VALERIE C. MONTGOMERY ISSUER YES FOR FOR
RICE
PROPOSAL #1h: ELECT DIRECTOR GLENN M. RENWICK ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR KENNETH I. SHINE ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR DAVID S. WICHMANN ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR GAIL R. WILENSKY ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER YES FOR FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: VF Corporation
TICKER: VFC CUSIP: 918204108
MEETING DATE: 4/24/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR RICHARD T. CARUCCI ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JULIANA L. CHUGG ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR BENNO DORER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR MARK S. HOPLAMAZIAN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR LAURA W. LANG ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR W. ALAN MCCOLLOUGH ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR W. RODNEY MCMULLEN ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR CLARENCE OTIS, JR. ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR STEVEN E. RENDLE ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR CAROL L. ROBERTS ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR MATTHEW J. SHATTOCK ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY PRICEWATERHOUSECOOPERS LLP AS ISSUER YES FOR FOR
AUDITORS
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Visa Inc.
TICKER: V CUSIP: 92826C839
MEETING DATE: 1/30/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR LLOYD A. CARNEY ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR MARY B. CRANSTON ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR FRANCISCO JAVIER ISSUER YES FOR FOR
FERNANDEZ-CARBAJAL
PROPOSAL #1d: ELECT DIRECTOR GARY A. HOFFMAN ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR ALFRED F. KELLY, JR. ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR JOHN F. LUNDGREN ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR ROBERT W. MATSCHULLAT ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR SUZANNE NORA JOHNSON ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR JOHN A.C. SWAINSON ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR MAYNARD G. WEBB, JR. ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY KPMG LLP AS AUDITORS ISSUER YES FOR FOR
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Walgreens Boots Alliance, Inc.
TICKER: WBA CUSIP: 931427108
MEETING DATE: 1/17/2018 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1a: ELECT DIRECTOR JOSE E. ALMEIDA ISSUER YES FOR FOR
PROPOSAL #1b: ELECT DIRECTOR JANICE M. BABIAK ISSUER YES FOR FOR
PROPOSAL #1c: ELECT DIRECTOR DAVID J. BRAILER ISSUER YES FOR FOR
PROPOSAL #1d: ELECT DIRECTOR WILLIAM C. FOOTE ISSUER YES FOR FOR
PROPOSAL #1e: ELECT DIRECTOR GINGER L. GRAHAM ISSUER YES FOR FOR
PROPOSAL #1f: ELECT DIRECTOR JOHN A. LEDERER ISSUER YES FOR FOR
PROPOSAL #1g: ELECT DIRECTOR DOMINIC P. MURPHY ISSUER YES FOR FOR
PROPOSAL #1h: ELECT DIRECTOR STEFANO PESSINA ISSUER YES FOR FOR
PROPOSAL #1i: ELECT DIRECTOR LEONARD D. SCHAEFFER ISSUER YES FOR FOR
PROPOSAL #1j: ELECT DIRECTOR NANCY M. SCHLICHTING ISSUER YES FOR FOR
PROPOSAL #1k: ELECT DIRECTOR JAMES A. SKINNER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY DELOITTE & TOUCHE LLP AS AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #5: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #6: REDUCE OWNERSHIP THRESHOLD FOR SHAREHOLDER YES AGAINST FOR
SHAREHOLDERS TO CALL SPECIAL MEETING
PROPOSAL #7: AMEND PROXY ACCESS RIGHT SHAREHOLDER YES AGAINST FOR
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.
VANGUARD SPECIALIZED FUNDS
By: /s/Mortimer J. Buckley
Mortimer J. Buckley*
Chief Executive Officer, President, and Trustee
Date: August 29, 2018
*By: /s/Anne E. Robinson
Anne E. Robinson, pursuant to a Power of Attorney filed on January 18, 2018,
see File Number 33-32216. Incorporated by Reference.
