UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act File number: 811-07242
The Cutler Trust
(Exact name of registrant as specified in charter)
525 Bigham Knoll, Jacksonville, OR 97530
(Address of principal executive offices) (Zip code)
Erich M. Patten
Cutler Investment Counsel, LLC
525 Bigham Knoll
Jacksonville, OR 97530
(Name and address of agent for service)
Copies to:
Cassandra Borchers, Esq.
Thompson Hine LLP
312 Walnut Street
20th Floor
Cincinnati, OH 45202-4089
Registrant's telephone number, including area code: 541-770-9000
Date of fiscal year end: June 30th
Date of reporting period: 07/01/21 - 06/30/22
Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (Secs. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. Sec. 3507.
Cutler Equity Fund
Proxy Voting Record
July 1, 2021 – June 30, 2022
Investment Company Report
| THE PROCTER & GAMBLE COMPANY | |||
| Security | 742718109 | Meeting Type | Annual |
| Ticker Symbol | PG | Meeting Date | 12-Oct-2021 |
| ISIN | US7427181091 | Agenda | 935488002 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | ELECTION OF DIRECTOR: B. Marc Allen | Management | For | For | |
| 1B. | ELECTION OF DIRECTOR: Angela F. Braly | Management | For | For | |
| 1C. | ELECTION OF DIRECTOR: Amy L. Chang | Management | For | For | |
| 1D. | ELECTION OF DIRECTOR: Joseph Jimenez | Management | For | For | |
| 1E. | ELECTION OF DIRECTOR: Christopher Kempczinski | Management | For | For | |
| 1F. | ELECTION OF DIRECTOR: Debra L. Lee | Management | For | For | |
| 1G. | ELECTION OF DIRECTOR: Terry J. Lundgren | Management | For | For | |
| 1H. | ELECTION OF DIRECTOR: Christine M. McCarthy | Management | For | For | |
| 1I. | ELECTION OF DIRECTOR: Jon R. Moeller | Management | For | For | |
| 1J. | ELECTION OF DIRECTOR: David S. Taylor | Management | For | For | |
| 1K. | ELECTION OF DIRECTOR: Margaret C. Whitman | Management | For | For | |
| 1L. | ELECTION OF DIRECTOR: Patricia A. Woertz | Management | For | For | |
| 2. | Ratify Appointment of the Independent Registered Public | Management | For | For | |
| Accounting Firm. | |||||
| 3. | Advisory Vote to Approve the Company’s Executive | Management | For | For | |
| Compensation (the “Say on Pay” vote). | |||||
| 4. | Shareholder Proposal - Inclusion of Non-Management | Shareholder | Against | For | |
| Employees on Director Nominee Candidate Lists. |
| MICROSOFT CORPORATION | |||
| Security | 594918104 | Meeting Type | Annual |
| Ticker Symbol | MSFT | Meeting Date | 30-Nov-2021 |
| ISIN | US5949181045 | Agenda | 935505480 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Reid G. Hoffman | Management | For | For | |
| 1B. | Election of Director: Hugh F. Johnston | Management | For | For | |
| 1C. | Election of Director: Teri L. List | Management | For | For | |
| 1D. | Election of Director: Satya Nadella | Management | For | For | |
| 1E. | Election of Director: Sandra E. Peterson | Management | For | For | |
| 1F. | Election of Director: Penny S. Pritzker | Management | For | For | |
| 1G. | Election of Director: Carlos A. Rodriguez | Management | For | For | |
| 1H. | Election of Director: Charles W. Scharf | Management | For | For | |
| 1I. | Election of Director: John W. Stanton | Management | For | For | |
| 1J. | Election of Director: John W. Thompson | Management | For | For | |
| 1K. | Election of Director: Emma N. Walmsley | Management | For | For | |
| 1L. | Election of Director: Padmasree Warrior | Management | For | For | |
| 2. | Advisory vote to approve named executive officer | Management | For | For | |
| compensation. | |||||
| 3. | Approve Employee Stock Purchase Plan. | Management | For | For | |
| 4. | Ratification of the Selection of Deloitte & Touche LLP as | Management | For | For | |
| our Independent Auditor for Fiscal Year 2022. | |||||
| 5. | Shareholder Proposal - Report on median pay gaps | Shareholder | Against | For | |
| across race and gender. | |||||
| 6. | Shareholder Proposal - Report on effectiveness of | Shareholder | Against | For | |
| workplace sexual harassment policies. | |||||
| 7. | Shareholder Proposal - Prohibition on sales of facial | Shareholder | Against | For | |
| recognition technology to all government entities. | |||||
| 8. | Shareholder Proposal - Report on implementation of the | Shareholder | Against | For | |
| Fair Chance Business Pledge. | |||||
| 9. | Shareholder Proposal - Report on how lobbying activities | Shareholder | Against | For | |
| align with company policies. |
| MEDTRONIC PLC | |||
| Security | G5960L103 | Meeting Type | Annual |
| Ticker Symbol | MDT | Meeting Date | 09-Dec-2021 |
| ISIN | IE00BTN1Y115 | Agenda | 935510429 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director until the 2022 Annual General | Management | For | For | |
| Meeting: Richard H. Anderson | |||||
| 1B. | Election of Director until the 2022 Annual General | Management | For | For | |
| Meeting: Craig Arnold | |||||
| 1C. | Election of Director until the 2022 Annual General | Management | For | For | |
| Meeting: Scott C. Donnelly | |||||
| 1D. | Election of Director until the 2022 Annual General | Management | For | For | |
| Meeting: Andrea J. Goldsmith, Ph.D. | |||||
| 1E. | Election of Director until the 2022 Annual General | Management | For | For | |
| Meeting: Randall J. Hogan, III | |||||
| 1F. | Election of Director until the 2022 Annual General | Management | For | For | |
| Meeting: Kevin E. Lofton | |||||
| 1G. | Election of Director until the 2022 Annual General | Management | For | For | |
| Meeting: Geoffrey S. Martha | |||||
| 1H. | Election of Director until the 2022 Annual General | Management | For | For | |
| Meeting: Elizabeth G. Nabel, M.D. | |||||
| 1I. | Election of Director until the 2022 Annual General | Management | For | For | |
| Meeting: Denise M. O’Leary | |||||
| 1J. | Election of Director until the 2022 Annual General | Management | For | For | |
| Meeting: Kendall J. Powell | |||||
| 2. | Ratifying, in a non-binding vote, the appointment of | Management | For | For | |
| PricewaterhouseCoopers LLP as the Company’s | |||||
| independent auditor for fiscal year 2022 and authorizing, | |||||
| in a binding vote, the Board of Directors, acting through | |||||
| the Audit Committee, to set the auditor’s remuneration. | |||||
| 3. | Approving, on an advisory basis, the Company’s | Management | For | For | |
| executive compensation. | |||||
| 4. | Approving, on an advisory basis, the frequency of Say- | Management | 1 Year | For | |
| on-Pay votes. | |||||
| 5. | Approving the new 2021 Medtronic plc Long Term | Management | For | For | |
| Incentive Plan. | |||||
| 6. | Renewing the Board of Directors’ authority to issue | Management | For | For | |
| shares under Irish law. | |||||
| 7. | Renewing the Board of Directors’ authority to opt out of | Management | For | For | |
| pre- emption rights under Irish law. | |||||
| 8. | Authorizing the Company and any subsidiary of the | Management | For | For | |
| Company to make overseas market purchases of | |||||
| Medtronic ordinary shares. |
| BECTON, DICKINSON AND COMPANY | |||
| Security | 075887109 | Meeting Type | Annual |
| Ticker Symbol | BDX | Meeting Date | 25-Jan-2022 |
| ISIN | US0758871091 | Agenda | 935535128 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Catherine M. Burzik | Management | For | For | |
| 1B. | Election of Director: Carrie L. Byington | Management | For | For | |
| 1C. | Election of Director: R. Andrew Eckert | Management | For | For | |
| 1D. | Election of Director: Claire M. Fraser | Management | For | For | |
| 1E. | Election of Director: Jeffrey W. Henderson | Management | For | For | |
| 1F. | Election of Director: Christopher Jones | Management | For | For | |
| 1G. | Election of Director: Marshall O. Larsen | Management | For | For | |
| 1H. | Election of Director: David F. Melcher | Management | For | For | |
| 1I. | Election of Director: Thomas E. Polen | Management | For | For | |
| 1J. | Election of Director: Claire Pomeroy | Management | For | For | |
| 1K. | Election of Director: Timothy M. Ring | Management | For | For | |
| 1L. | Election of Director: Bertram L. Scott | Management | For | For | |
| 2. | Ratification of the selection of the independent registered | Management | For | For | |
| public accounting firm. | |||||
| 3. | Advisory vote to approve named executive officer | Management | For | For | |
| compensation. | |||||
| 4. | A shareholder proposal seeking to lower the ownership | Shareholder | Against | For | |
| threshold required to call a special shareholders meeting, | |||||
| if properly presented at the meeting. |
| DEERE & COMPANY | |||
| Security | 244199105 | Meeting Type | Annual |
| Ticker Symbol | DE | Meeting Date | 23-Feb-2022 |
| ISIN | US2441991054 | Agenda | 935540977 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Leanne G. Caret | Management | For | For | |
| 1B. | Election of Director: Tamra A. Erwin | Management | For | For | |
| 1C. | Election of Director: Alan C. Heuberger | Management | For | For | |
| 1D. | Election of Director: Charles O. Holliday, Jr. | Management | For | For | |
| 1E. | Election of Director: Michael O. Johanns | Management | For | For | |
| 1F. | Election of Director: Clayton M. Jones | Management | For | For | |
| 1G. | Election of Director: John C. May | Management | For | For | |
| 1H. | Election of Director: Gregory R. Page | Management | For | For | |
| 1I. | Election of Director: Sherry M. Smith | Management | For | For | |
| 1J. | Election of Director: Dmitri L. Stockton | Management | For | For | |
| 1K. | Election of Director: Sheila G. Talton | Management | For | For | |
| 2. | Advisory vote on executive compensation. | Management | For | For | |
| 3. | Ratification of the appointment of Deloitte & Touche LLP | Management | For | For | |
| as Deere’s independent registered public accounting firm | |||||
| for fiscal 2022. | |||||
| 4. | Approval of the Nonemployee Director Stock Ownership | Management | For | For | |
| Plan. | |||||
| 5. | Shareholder Proposal - Special Shareholder Meeting | Shareholder | Against | For | |
| Improvement. |
| CARRIER GLOBAL CORPORATION | |||
| Security | 14448C104 | Meeting Type | Annual |
| Ticker Symbol | CARR | Meeting Date | 14-Apr-2022 |
| ISIN | US14448C1045 | Agenda | 935554027 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Jean-Pierre Garnier | Management | For | For | |
| 1B. | Election of Director: David Gitlin | Management | For | For | |
| 1C. | Election of Director: John J. Greisch | Management | For | For | |
| 1D. | Election of Director: Charles M. Holley, Jr. | Management | For | For | |
| 1E. | Election of Director: Michael M. McNamara | Management | For | For | |
| 1F. | Election of Director: Michael A. Todman | Management | For | For | |
| 1G. | Election of Director: Virginia M. Wilson | Management | For | For | |
| 1H. | Election of Director: Beth A. Wozniak | Management | For | For | |
| 2. | Advisory Vote to Approve Named Executive Officer | Management | For | For | |
| Compensation. | |||||
| 3. | Ratify Appointment of PricewaterhouseCoopers LLP to | Management | For | For | |
| Serve as Independent Auditor for 2022. |
| RAYTHEON TECHNOLOGIES | |||
| Security | 75513E101 | Meeting Type | Annual |
| Ticker Symbol | RTX | Meeting Date | 25-Apr-2022 |
| ISIN | US75513E1010 | Agenda | 935559673 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Tracy A. Atkinson | Management | For | For | |
| 1B. | Election of Director: Bernard A.Harris,Jr. | Management | For | For | |
| 1C. | Election of Director: Gregory J. Hayes | Management | For | For | |
| 1D. | Election of Director: George R. Oliver | Management | For | For | |
| 1E. | Election of Director: Robert K. (Kelly) Ortberg | Management | For | For | |
| 1F. | Election of Director: Margaret L. O’Sullivan | Management | For | For | |
| 1G. | Election of Director: Dinesh C. Paliwal | Management | For | For | |
| 1H. | Election of Director: Ellen M. Pawlikowski | Management | For | For | |
| 1I. | Election of Director: Denise L. Ramos | Management | For | For | |
| 1J. | Election of Director: Fredric G. Reynolds | Management | For | For | |
| 1K. | Election of Director: Brian C. Rogers | Management | For | For | |
| 1L. | Election of Director: James A. Winnefeld, Jr. | Management | For | For | |
| 1M. | Election of Director: Robert O. Work | Management | For | For | |
| 2. | Advisory Vote to Approve Executive Compensation | Management | For | For | |
| 3. | Appoint PricewaterhouseCoopers LLP to Serve as | Management | For | For | |
| Independent Auditor for 2022 | |||||
| 4. | Approve an Amendment to the Restated Certificate of | Management | For | For | |
| Incorporation to Reduce the Voting Threshold Required | |||||
| to Repeal Article Ninth |
| M&T BANK CORPORATION | |||
| Security | 55261F104 | Meeting Type | Annual |
| Ticker Symbol | MTB | Meeting Date | 25-Apr-2022 |
| ISIN | US55261F1049 | Agenda | 935564559 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election Of Director for one-year term: John P. Barnes | Management | For | For | |
| (The election of Barnes is subject to the completion of the | |||||
| People’s United Financial, Inc. acquisition. Should the | |||||
| acquisition not close by the Annual Meeting, their | |||||
| elections will not be considered at the Annual Meeting.) | |||||
| 1B. | Election Of Director for one-year term: Robert T. Brady | Management | For | For | |
| 1C. | Election Of Director for one-year term: Calvin G. Butler, | Management | For | For | |
| Jr. | |||||
| 1D. | Election Of Director for one-year term: Jane Chwick (The | Management | For | For | |
| election of Ms. Chwick is subject to the completion of the | |||||
| People’s United Financial, Inc. acquisition. Should the | |||||
| acquisition not close by the Annual Meeting, their | |||||
| elections will not be considered at the Annual Meeting.) | |||||
| 1E. | Election Of Director for one-year term: William F. Cruger, | Management | For | For | |
| Jr. (The election of Cruger is subject to the completion of | |||||
| the People’s United Financial, Inc. acquisition. Should the | |||||
| acquisition not close by the Annual Meeting, their | |||||
| elections will not be considered at the Annual Meeting.) | |||||
| 1F. | Election Of Director for one-year term: T. Jefferson | Management | For | For | |
| Cunningham III | |||||
| 1G. | Election Of Director for one-year term: Gary N. Geisel | Management | For | For | |
| 1H. | Election Of Director for one-year term: Leslie V. Godridge | Management | For | For | |
| 1I. | Election Of Director for one-year term: René F. Jones | Management | For | For | |
| 1J. | Election Of Director for one-year term: Richard H. | Management | For | For | |
| Ledgett, Jr. | |||||
| 1K. | Election Of Director for one-year term: Melinda R. Rich | Management | For | For | |
| 1L. | Election Of Director for one-year term: Robert E. Sadler, | Management | For | For | |
| Jr. | |||||
| 1M. | Election Of Director for one-year term: Denis J. | Management | For | For | |
| Salamone | |||||
| 1N. | Election Of Director for one-year term: John R. Scannell | Management | For | For | |
| 1O. | Election Of Director for one-year term: Rudina Seseri | Management | For | For | |
| 1P. | Election Of Director for one-year term: Kirk W. Walters | Management | For | For | |
| (The election of Walters is subject to the completion of | |||||
| the People’s United Financial, Inc. acquisition. Should the | |||||
| acquisition not close by the Annual Meeting, their | |||||
| elections will not be considered at the Annual Meeting.) | |||||
| 1Q. | Election Of Director for one-year term: Herbert L. | Management | For | For | |
| Washington | |||||
| 2. | TO APPROVE THE 2021 COMPENSATION OF M&T | Management | For | For | |
| BANK CORPORATION’S NAMED EXECUTIVE | |||||
| OFFICERS. | |||||
| 3. | TO RATIFY THE APPOINTMENT OF | Management | For | For | |
| PRICEWATERHOUSECOOPERS LLP AS THE | |||||
| INDEPENDENT REGISTERED PUBLIC ACCOUNTING | |||||
| FIRM OF M&T BANK CORPORATION FOR THE YEAR | |||||
| ENDING DECEMBER 31, 2022. |
| INTERNATIONAL BUSINESS MACHINES CORP. | |||
| Security | 459200101 | Meeting Type | Annual |
| Ticker Symbol | IBM | Meeting Date | 26-Apr-2022 |
| ISIN | US4592001014 | Agenda | 935559483 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director for a Term of One Year: Thomas | Management | For | For | |
| Buberl | |||||
| 1B. | Election of Director for a Term of One Year: David N. Farr | Management | For | For | |
| 1C. | Election of Director for a Term of One Year: Alex Gorsky | Management | For | For | |
| 1D. | Election of Director for a Term of One Year: Michelle J. | Management | For | For | |
| Howard | |||||
| 1E. | Election of Director for a Term of One Year: Arvind | Management | For | For | |
| Krishna | |||||
| 1F. | Election of Director for a Term of One Year: Andrew N. | Management | For | For | |
| Liveris | |||||
| 1G. | Election of Director for a Term of One Year: F. William | Management | For | For | |
| McNabb III | |||||
| 1H. | Election of Director for a Term of One Year: Martha E. | Management | For | For | |
| Pollack | |||||
| 1I. | Election of Director for a Term of One Year: Joseph R. | Management | For | For | |
| Swedish | |||||
| 1J. | Election of Director for a Term of One Year: Peter R. | Management | For | For | |
| Voser | |||||
| 1K. | Election of Director for a Term of One Year: Frederick H. | Management | For | For | |
| Waddell | |||||
| 1L. | Election of Director for a Term of One Year: Alfred W. | Management | For | For | |
| Zollar | |||||
| 2. | Ratification of Appointment of Independent Registered | Management | For | For | |
| Public Accounting Firm. | |||||
| 3. | Advisory Vote on Executive Compensation. | Management | For | For | |
| 4. | Stockholder Proposal to Lower Special Meeting Right | Shareholder | Against | For | |
| Ownership Threshold. | |||||
| 5. | Stockholder Proposal to Have An Independent Board | Shareholder | Against | For | |
| Chairman. | |||||
| 6. | Stockholder Proposal Requesting Public Report on the | Shareholder | Against | For | |
| use of Concealment Clauses. |
| NORTHERN TRUST CORPORATION | |||
| Security | 665859104 | Meeting Type | Annual |
| Ticker Symbol | NTRS | Meeting Date | 26-Apr-2022 |
| ISIN | US6658591044 | Agenda | 935559623 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Linda Walker Bynoe | Management | For | For | |
| 1B. | Election of Director: Susan Crown | Management | For | For | |
| 1C. | Election of Director: Dean M. Harrison | Management | For | For | |
| 1D. | Election of Director: Jay L. Henderson | Management | For | For | |
| 1E. | Election of Director: Marcy S. Klevorn | Management | For | For | |
| 1F. | Election of Director: Siddharth N. (Bobby) Mehta | Management | For | For | |
| 1G. | Election of Director: Michael G. O’Grady | Management | For | For | |
| 1H. | Election of Director: Jose Luis Prado | Management | For | For | |
| 1I. | Election of Director: Martin P. Slark | Management | For | For | |
| 1J. | Election of Director: David H. B. Smith, Jr. | Management | For | For | |
| 1K. | Election of Director: Donald Thompson | Management | For | For | |
| 1L. | Election of Director: Charles A. Tribbett III | Management | For | For | |
| 2. | Approval, by an advisory vote, of the 2021 compensation | Management | For | For | |
| of the Corporation’s named executive officers. | |||||
| 3. | Ratification of the appointment of KPMG LLP as the | Management | For | For | |
| Corporation’s independent registered public accounting | |||||
| firm for the fiscal year ending December 31, 2022. |
| THE PNC FINANCIAL SERVICES GROUP, INC. | |||
| Security | 693475105 | Meeting Type | Annual |
| Ticker Symbol | PNC | Meeting Date | 27-Apr-2022 |
| ISIN | US6934751057 | Agenda | 935558607 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Joseph Alvarado | Management | For | For | |
| 1B. | Election of Director: Debra A. Cafaro | Management | For | For | |
| 1C. | Election of Director: Marjorie Rodgers Cheshire | Management | For | For | |
| 1D. | Election of Director: William S. Demchak | Management | For | For | |
| 1E. | Election of Director: Andrew T. Feldstein | Management | For | For | |
| 1F. | Election of Director: Richard J. Harshman | Management | For | For | |
| 1G. | Election of Director: Daniel R. Hesse | Management | For | For | |
| 1H. | Election of Director: Linda R. Medler | Management | For | For | |
| 1I. | Election of Director: Robert A. Niblock | Management | For | For | |
| 1J. | Election of Director: Martin Pfinsgraff | Management | For | For | |
| 1K. | Election of Director: Bryan S. Salesky | Management | For | For | |
| 1L. | Election of Director: Toni Townes-Whitley | Management | For | For | |
| 1M. | Election of Director: Michael J. Ward | Management | For | For | |
| 2. | Ratification of the Audit Committee’s selection of | Management | For | For | |
| PricewaterhouseCoopers LLP as PNC’s independent | |||||
| registered public accounting firm for 2022. | |||||
| 3. | Advisory vote to approve named executive officer | Management | For | For | |
| compensation. | |||||
| 4. | Shareholder proposal regarding report on risk | Shareholder | Against | For | |
| management and the nuclear weapons industry. |
| TEXAS INSTRUMENTS INCORPORATED | |||
| Security | 882508104 | Meeting Type | Annual |
| Ticker Symbol | TXN | Meeting Date | 28-Apr-2022 |
| ISIN | US8825081040 | Agenda | 935560842 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Mark A. Blinn | Management | For | For | |
| 1B. | Election of Director: Todd M. Bluedorn | Management | For | For | |
| 1C. | Election of Director: Janet F. Clark | Management | For | For | |
| 1D. | Election of Director: Carrie S. Cox | Management | For | For | |
| 1E. | Election of Director: Martin S. Craighead | Management | For | For | |
| 1F. | Election of Director: Jean M. Hobby | Management | For | For | |
| 1G. | Election of Director: Michael D. Hsu | Management | For | For | |
| 1H. | Election of Director: Haviv Ilan | Management | For | For | |
| 1I. | Election of Director: Ronald Kirk | Management | For | For | |
| 1J. | Election of Director: Pamela H. Patsley | Management | For | For | |
| 1K. | Election of Director: Robert E. Sanchez | Management | For | For | |
| 1L. | Election of Director: Richard K. Templeton | Management | For | For | |
| 2. | Board proposal regarding advisory approval of the | Management | For | For | |
| Company’s executive compensation. | |||||
| 3. | Board proposal to ratify the appointment of Ernst & | Management | For | For | |
| Young LLP as the Company’s independent registered | |||||
| public accounting firm for 2022. | |||||
| 4. | Stockholder proposal to permit a combined 10% of | Shareholder | Against | For | |
| stockholders to call a special meeting. |
| JOHNSON & JOHNSON | |||
| Security | 478160104 | Meeting Type | Annual |
| Ticker Symbol | JNJ | Meeting Date | 28-Apr-2022 |
| ISIN | US4781601046 | Agenda | 935562997 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Darius Adamczyk | Management | For | For | |
| 1B. | Election of Director: Mary C. Beckerle | Management | For | For | |
| 1C. | Election of Director: D. Scott Davis | Management | For | For | |
| 1D. | Election of Director: Ian E. L. Davis | Management | For | For | |
| 1E. | Election of Director: Jennifer A. Doudna | Management | For | For | |
| 1F. | Election of Director: Joaquin Duato | Management | For | For | |
| 1G. | Election of Director: Alex Gorsky | Management | For | For | |
| 1H. | Election of Director: Marillyn A. Hewson | Management | For | For | |
| 1I. | Election of Director: Hubert Joly | Management | For | For | |
| 1J. | Election of Director: Mark B. McClellan | Management | For | For | |
| 1K. | Election of Director: Anne M. Mulcahy | Management | For | For | |
| 1L. | Election of Director: A. Eugene Washington | Management | For | For | |
| 1M. | Election of Director: Mark A. Weinberger | Management | For | For | |
| 1N. | Election of Director: Nadja Y. West | Management | For | For | |
| 2. | Advisory Vote to Approve Named Executive Officer | Management | For | For | |
| Compensation. | |||||
| 3. | Approval of the Company’s 2022 Long-Term Incentive | Management | For | For | |
| Plan. | |||||
| 4. | Ratification of Appointment of PricewaterhouseCoopers | Management | For | For | |
| LLP as the Independent Registered Public Accounting | |||||
| Firm for 2022. | |||||
| 5. | Proposal Withdrawn (Federal Securities Laws Mandatory | Shareholder | Abstain | ||
| Arbitration Bylaw). | |||||
| 6. | Civil Rights, Equity, Diversity & Inclusion Audit Proposal. | Shareholder | Against | For | |
| 7. | Third Party Racial Justice Audit. | Shareholder | Against | For | |
| 8. | Report on Government Financial Support and Access to | Shareholder | Against | For | |
| COVID-19 Vaccines and Therapeutics. | |||||
| 9. | Report on Public Health Costs of Protecting Vaccine | Shareholder | Against | For | |
| Technology. | |||||
| 10. | Discontinue Global Sales of Baby Powder Containing | Shareholder | Against | For | |
| Talc. | |||||
| 11. | Request for Charitable Donations Disclosure. | Shareholder | Against | For | |
| 12. | Third Party Review and Report on Lobbying Activities | Shareholder | Against | For | |
| Alignment with Position on Universal Health Coverage. | |||||
| 13. | Adopt Policy to Include Legal and Compliance Costs in | Shareholder | Against | For | |
| Incentive Compensation Metrics. | |||||
| 14. | CEO Compensation to Weigh Workforce Pay and | Shareholder | For | Against | |
| Ownership. |
| BRISTOL-MYERS SQUIBB COMPANY | |||
| Security | 110122108 | Meeting Type | Annual |
| Ticker Symbol | BMY | Meeting Date | 03-May-2022 |
| ISIN | US1101221083 | Agenda | 935571782 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A) | Election of Director: Peter J. Arduini | Management | For | For | |
| 1B) | Election of Director: Giovanni Caforio, M.D. | Management | For | For | |
| 1C) | Election of Director: Julia A. Haller, M.D. | Management | For | For | |
| 1D) | Election of Director: Manuel Hidalgo Medina, M.D., Ph.D. | Management | For | For | |
| 1E) | Election of Director: Paula A. Price | Management | For | For | |
| 1F) | Election of Director: Derica W. Rice | Management | For | For | |
| 1G) | Election of Director: Theodore R. Samuels | Management | For | For | |
| 1H) | Election of Director: Gerald L. Storch | Management | For | For | |
| 1I) | Election of Director: Karen H. Vousden, Ph.D. | Management | For | For | |
| 1J) | Election of Director: Phyllis R. Yale | Management | For | For | |
| 2. | Advisory Vote to Approve the Compensation of our | Management | For | For | |
| Named Executive Officers. | |||||
| 3. | Ratification of the Appointment of an Independent | Management | For | For | |
| Registered Public Accounting Firm. | |||||
| 4. | Shareholder Proposal to Lower the Ownership Threshold | Shareholder | Against | For | |
| for Special Shareholder Meetings to 10%. | |||||
| 5. | Shareholder Proposal on the Adoption of a Board Policy | Shareholder | Against | For | |
| that the Chairperson of the Board be an Independent | |||||
| Director. |
| PEPSICO, INC. | |||
| Security | 713448108 | Meeting Type | Annual |
| Ticker Symbol | PEP | Meeting Date | 04-May-2022 |
| ISIN | US7134481081 | Agenda | 935567997 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Segun Agbaje | Management | For | For | |
| 1B. | Election of Director: Shona L. Brown | Management | For | For | |
| 1C. | Election of Director: Cesar Conde | Management | For | For | |
| 1D. | Election of Director: Ian Cook | Management | For | For | |
| 1E. | Election of Director: Edith W. Cooper | Management | For | For | |
| 1F. | Election of Director: Dina Dublon | Management | For | For | |
| 1G. | Election of Director: Michelle Gass | Management | For | For | |
| 1H. | Election of Director: Ramon L. Laguarta | Management | For | For | |
| 1I. | Election of Director: Dave Lewis | Management | For | For | |
| 1J. | Election of Director: David C. Page | Management | For | For | |
| 1K. | Election of Director: Robert C. Pohlad | Management | For | For | |
| 1L. | Election of Director: Daniel Vasella | Management | For | For | |
| 1M. | Election of Director: Darren Walker | Management | For | For | |
| 1N. | Election of Director: Alberto Weisser | Management | For | For | |
| 2. | Ratification of the appointment of KPMG LLP as the | Management | For | For | |
| Company’s independent registered public accounting firm | |||||
| for fiscal year 2022. | |||||
| 3. | Advisory approval of the Company’s executive | Management | For | For | |
| compensation. | |||||
| 4. | Shareholder Proposal - Independent Board Chairman. | Shareholder | Against | For | |
| 5. | Shareholder Proposal - Report on Global Public Policy | Shareholder | Against | For | |
| and Political Influence Outside the U.S. | |||||
| 6. | Shareholder Proposal - Report on Public Health Costs. | Shareholder | Against | For |
| PRUDENTIAL FINANCIAL, INC. | |||
| Security | 744320102 | Meeting Type | Annual |
| Ticker Symbol | PRU | Meeting Date | 10-May-2022 |
| ISIN | US7443201022 | Agenda | 935580577 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Thomas J. Baltimore, Jr. | Management | For | For | |
| 1B. | Election of Director: Gilbert F. Casellas | Management | For | For | |
| 1C. | Election of Director: Robert M. Falzon | Management | For | For | |
| 1D. | Election of Director: Martina Hund-Mejean | Management | For | For | |
| 1E. | Election of Director: Wendy Jones | Management | For | For | |
| 1F. | Election of Director: Karl J. Krapek | Management | For | For | |
| 1G. | Election of Director: Peter R. Lighte | Management | For | For | |
| 1H. | Election of Director: Charles F. Lowrey | Management | For | For | |
| 1I. | Election of Director: George Paz | Management | For | For | |
| 1J. | Election of Director: Sandra Pianalto | Management | For | For | |
| 1K. | Election of Director: Christine A. Poon | Management | For | For | |
| 1L. | Election of Director: Douglas A. Scovanner | Management | For | For | |
| 1M. | Election of Director: Michael A. Todman | Management | For | For | |
| 2. | Ratification of the appointment of | Management | For | For | |
| PricewaterhouseCoopers LLP as our independent | |||||
| registered public accounting firm for 2022. | |||||
| 3. | Advisory vote to approve named executive officer | Management | For | For | |
| compensation. | |||||
| 4. | Shareholder proposal to adopt the right to act by written | Shareholder | Against | For | |
| consent. |
| UNION PACIFIC CORPORATION | |||
| Security | 907818108 | Meeting Type | Annual |
| Ticker Symbol | UNP | Meeting Date | 12-May-2022 |
| ISIN | US9078181081 | Agenda | 935575071 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: William J. DeLaney | Management | For | For | |
| 1B. | Election of Director: David B. Dillon | Management | For | For | |
| 1C. | Election of Director: Sheri H. Edison | Management | For | For | |
| 1D. | Election of Director: Teresa M. Finley | Management | For | For | |
| 1E. | Election of Director: Lance M. Fritz | Management | For | For | |
| 1F. | Election of Director: Deborah C. Hopkins | Management | For | For | |
| 1G. | Election of Director: Jane H. Lute | Management | For | For | |
| 1H. | Election of Director: Michael R. McCarthy | Management | For | For | |
| 1I. | Election of Director: Jose H. Villarreal | Management | For | For | |
| 1J. | Election of Director: Christopher J. Williams | Management | For | For | |
| 2. | Ratification of the appointment of Deloitte & Touche LLP | Management | For | For | |
| as the independent registered public accounting firm of | |||||
| the Company for 2022. | |||||
| 3. | An advisory vote on executive compensation (“Say On | Management | For | For | |
| Pay”). |
| INTEL CORPORATION | |||
| Security | 458140100 | Meeting Type | Annual |
| Ticker Symbol | INTC | Meeting Date | 12-May-2022 |
| ISIN | US4581401001 | Agenda | 935577013 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Patrick P. Gelsinger | Management | For | For | |
| 1B. | Election of Director: James J. Goetz | Management | For | For | |
| 1C. | Election of Director: Andrea J. Goldsmith | Management | For | For | |
| 1D. | Election of Director: Alyssa H. Henry | Management | For | For | |
| 1E. | Election of Director: Omar Ishrak | Management | For | For | |
| 1F. | Election of Director: Risa Lavizzo-Mourey | Management | For | For | |
| 1G. | Election of Director: Tsu-Jae King Liu | Management | For | For | |
| 1H. | Election of Director: Gregory D. Smith | Management | For | For | |
| 1I. | Election of Director: Dion J. Weisler | Management | For | For | |
| 1J. | Election of Director: Frank D. Yeary | Management | For | For | |
| 2. | Ratification of selection of Ernst & Young LLP as our | Management | For | For | |
| independent registered public accounting firm for 2022. | |||||
| 3. | Advisory vote to approve executive compensation of our | Management | For | For | |
| listed officers. | |||||
| 4. | Approval of amendment and restatement of the 2006 | Management | For | For | |
| Equity Incentive Plan. | |||||
| 5. | Stockholder proposal requesting amendment to the | Shareholder | Against | For | |
| company’s stockholder special meeting right, if properly | |||||
| presented at the meeting. | |||||
| 6. | Stockholder proposal requesting a third-party audit and | Shareholder | Against | For | |
| report on whether written policies or unwritten norms at | |||||
| the company reinforce racism in company culture, if | |||||
| properly presented at the meeting. |
| REPUBLIC SERVICES, INC. | |||
| Security | 760759100 | Meeting Type | Annual |
| Ticker Symbol | RSG | Meeting Date | 16-May-2022 |
| ISIN | US7607591002 | Agenda | 935591277 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Manuel Kadre | Management | For | For | |
| 1B. | Election of Director: Tomago Collins | Management | For | For | |
| 1C. | Election of Director: Michael A. Duffy | Management | For | For | |
| 1D. | Election of Director: Thomas W. Handley | Management | For | For | |
| 1E. | Election of Director: Jennifer M. Kirk | Management | For | For | |
| 1F. | Election of Director: Michael Larson | Management | For | For | |
| 1G. | Election of Director: Kim S. Pegula | Management | For | For | |
| 1H. | Election of Director: James P. Snee | Management | For | For | |
| 1I. | Election of Director: Brian S. Tyler | Management | For | For | |
| 1J. | Election of Director: Jon Vander Ark | Management | For | For | |
| 1K. | Election of Director: Sandra M. Volpe | Management | For | For | |
| 1L. | Election of Director: Katharine B. Weymouth | Management | For | For | |
| 2. | Advisory vote to approve our named executive officer | Management | For | For | |
| compensation. | |||||
| 3. | Ratification of the appointment of Ernst & Young LLP as | Management | For | For | |
| our independent registered public accounting firm for | |||||
| 2022. | |||||
| 4. | Shareholder Proposal to amend the Company’s clawback | Shareholder | Against | For | |
| policy for senior executives. | |||||
| 5. | Shareholder Proposal to commission a third-party | Shareholder | Against | For | |
| environmental justice audit. | |||||
| 6. | Shareholder Proposal to commission a third-party civil | Shareholder | Against | For | |
| rights audit. |
| JPMORGAN CHASE & CO. | |||
| Security | 46625H100 | Meeting Type | Annual |
| Ticker Symbol | JPM | Meeting Date | 17-May-2022 |
| ISIN | US46625H1005 | Agenda | 935580515 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1a. | Election of Director: Linda B. Bammann | Management | For | For | |
| 1b. | Election of Director: Stephen B. Burke | Management | For | For | |
| 1c. | Election of Director: Todd A. Combs | Management | For | For | |
| 1d. | Election of Director: James S. Crown | Management | For | For | |
| 1e. | Election of Director: James Dimon | Management | For | For | |
| 1f. | Election of Director: Timothy P. Flynn | Management | For | For | |
| 1g. | Election of Director: Mellody Hobson | Management | For | For | |
| 1h. | Election of Director: Michael A. Neal | Management | For | For | |
| 1i. | Election of Director: Phebe N. Novakovic | Management | For | For | |
| 1j. | Election of Director: Virginia M. Rometty | Management | For | For | |
| 2. | Advisory resolution to approve executive compensation | Management | For | For | |
| 3. | Ratification of independent registered public accounting | Management | For | For | |
| firm | |||||
| 4. | Fossil fuel financing | Shareholder | Against | For | |
| 5. | Special shareholder meeting improvement | Shareholder | Against | For | |
| 6. | Independent board chairman | Shareholder | Against | For | |
| 7. | Board diversity resolution | Shareholder | Against | For | |
| 8. | Conversion to public benefit corporation | Shareholder | Against | For | |
| 9. | Report on setting absolute contraction targets | Shareholder | Against | For |
| THE CHARLES SCHWAB CORPORATION | |||
| Security | 808513105 | Meeting Type | Annual |
| Ticker Symbol | SCHW | Meeting Date | 17-May-2022 |
| ISIN | US8085131055 | Agenda | 935587836 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: John K. Adams, Jr. | Management | For | For | |
| 1B. | Election of Director: Stephen A. Ellis | Management | For | For | |
| 1C. | Election of Director: Brian M. Levitt | Management | For | For | |
| 1D. | Election of Director: Arun Sarin | Management | For | For | |
| 1E. | Election of Director: Charles R. Schwab | Management | For | For | |
| 1F. | Election of Director: Paula A. Sneed | Management | For | For | |
| 2. | Approval of amendments to Certificate of Incorporation | Management | For | For | |
| and Bylaws to declassify the board of directors. | |||||
| 3. | Ratification of the selection of Deloitte & Touche LLP as | Management | For | For | |
| independent auditors. | |||||
| 4. | Advisory vote to approve named executive officer | Management | For | For | |
| compensation. | |||||
| 5. | Approval of the 2022 Stock Incentive Plan. | Management | For | For | |
| 6. | Approval of the board’s proposal to amend Bylaws to | Management | For | For | |
| adopt proxy access. | |||||
| 7. | Stockholder Proposal requesting amendment to Bylaws | Shareholder | For | Against | |
| to adopt proxy access. | |||||
| 8. | Stockholder Proposal requesting disclosure of lobbying | Shareholder | Against | For | |
| policy, procedures and oversight; lobbying expenditures; | |||||
| and participation in organizations engaged in lobbying. |
| MARSH & MCLENNAN COMPANIES, INC. | |||
| Security | 571748102 | Meeting Type | Annual |
| Ticker Symbol | MMC | Meeting Date | 19-May-2022 |
| ISIN | US5717481023 | Agenda | 935591330 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Anthony K. Anderson | Management | For | For | |
| 1B. | Election of Director: Hafize Gaye Erkan | Management | For | For | |
| 1C. | Election of Director: Oscar Fanjul | Management | For | For | |
| 1D. | Election of Director: Daniel S. Glaser | Management | For | For | |
| 1E. | Election of Director: H. Edward Hanway | Management | For | For | |
| 1F. | Election of Director: Deborah C. Hopkins | Management | For | For | |
| 1G. | Election of Director: Tamara Ingram | Management | For | For | |
| 1H. | Election of Director: Jane H. Lute | Management | For | For | |
| 1I. | Election of Director: Steven A. Mills | Management | For | For | |
| 1J. | Election of Director: Bruce P. Nolop | Management | For | For | |
| 1K. | Election of Director: Morton O. Schapiro | Management | For | For | |
| 1L. | Election of Director: Lloyd M. Yates | Management | For | For | |
| 1M. | Election of Director: R. David Yost | Management | For | For | |
| 2. | Advisory (Nonbinding) Vote to Approve Named Executive | Management | For | For | |
| Officer Compensation | |||||
| 3. | Ratification of Selection of Independent Registered Public | Management | For | For | |
| Accounting Firm |
| MERCK & CO., INC. | |||
| Security | 58933Y105 | Meeting Type | Annual |
| Ticker Symbol | MRK | Meeting Date | 24-May-2022 |
| ISIN | US58933Y1055 | Agenda | 935591570 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Douglas M. Baker, Jr. | Management | For | For | |
| 1B. | Election of Director: Mary Ellen Coe | Management | For | For | |
| 1C. | Election of Director: Pamela J. Craig | Management | For | For | |
| 1D. | Election of Director: Robert M. Davis | Management | For | For | |
| 1E. | Election of Director: Kenneth C. Frazier | Management | For | For | |
| 1F. | Election of Director: Thomas H. Glocer | Management | For | For | |
| 1G. | Election of Director: Risa J. Lavizzo-Mourey, M.D. | Management | For | For | |
| 1H. | Election of Director: Stephen L. Mayo, Ph.D. | Management | For | For | |
| 1I. | Election of Director: Paul B. Rothman, M.D. | Management | For | For | |
| 1J. | Election of Director: Patricia F. Russo | Management | For | For | |
| 1K. | Election of Director: Christine E. Seidman, M.D. | Management | For | For | |
| 1L. | Election of Director: Inge G. Thulin | Management | For | For | |
| 1M. | Election of Director: Kathy J. Warden | Management | For | For | |
| 1N. | Election of Director: Peter C. Wendell | Management | For | For | |
| 2. | Non-binding advisory vote to approve the compensation | Management | For | For | |
| of our named executive officers. | |||||
| 3. | Ratification of the appointment of the Company’s | Management | For | For | |
| independent registered public accounting firm for 2022. | |||||
| 4. | Shareholder proposal regarding an independent board | Shareholder | Against | For | |
| chairman. | |||||
| 5. | Shareholder proposal regarding access to COVID-19 | Shareholder | Against | For | |
| products. | |||||
| 6. | Shareholder proposal regarding lobbying expenditure | Shareholder | Against | For | |
| disclosure. |
| CHEVRON CORPORATION | |||
| Security | 166764100 | Meeting Type | Annual |
| Ticker Symbol | CVX | Meeting Date | 25-May-2022 |
| ISIN | US1667641005 | Agenda | 935603882 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Wanda M. Austin | Management | For | For | |
| 1B. | Election of Director: John B. Frank | Management | For | For | |
| 1C. | Election of Director: Alice P. Gast | Management | For | For | |
| 1D. | Election of Director: Enrique Hernandez, Jr. | Management | For | For | |
| 1E. | Election of Director: Marillyn A. Hewson | Management | For | For | |
| 1F. | Election of Director: Jon M. Huntsman Jr. | Management | For | For | |
| 1G. | Election of Director: Charles W. Moorman | Management | For | For | |
| 1H. | Election of Director: Dambisa F. Moyo | Management | For | For | |
| 1I. | Election of Director: Debra Reed-Klages | Management | For | For | |
| 1J. | Election of Director: Ronald D. Sugar | Management | For | For | |
| 1K. | Election of Director: D. James Umpleby III | Management | For | For | |
| 1L. | Election of Director: Michael K. Wirth | Management | For | For | |
| 2. | Ratification of Appointment of PricewaterhouseCoopers | Management | For | For | |
| LLP as the Independent Registered Public Accounting | |||||
| Firm | |||||
| 3. | Advisory Vote to Approve Named Executive Officer | Management | For | For | |
| Compensation | |||||
| 4. | Approve the 2022 Long-Term Incentive Plan of Chevron | Management | For | For | |
| Corporation | |||||
| 5. | Adopt Medium- and Long-Term GHG Reduction Targets | Shareholder | Against | For | |
| 6. | Report on Impacts of Net Zero 2050 Scenario | Shareholder | Against | For | |
| 7. | Report on Reliability of Methane Emission Disclosures | Management | For | For | |
| 8. | Report on Business with Conflict-Complicit Governments | Shareholder | Against | For | |
| 9. | Report on Racial Equity Audit | Shareholder | Against | For | |
| 10. | Special Meetings | Shareholder | Against | For |
| EXXON MOBIL CORPORATION | |||
| Security | 30231G102 | Meeting Type | Annual |
| Ticker Symbol | XOM | Meeting Date | 25-May-2022 |
| ISIN | US30231G1022 | Agenda | 935604214 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Michael J. Angelakis | Management | For | For | |
| 1B. | Election of Director: Susan K. Avery | Management | For | For | |
| 1C. | Election of Director: Angela F. Braly | Management | For | For | |
| 1D. | Election of Director: Ursula M. Burns | Management | For | For | |
| 1E. | Election of Director: Gregory J. Goff | Management | For | For | |
| 1F. | Election of Director: Kaisa H. Hietala | Management | For | For | |
| 1G. | Election of Director: Joseph L. Hooley | Management | For | For | |
| 1H. | Election of Director: Steven A. Kandarian | Management | For | For | |
| 1I. | Election of Director: Alexander A. Karsner | Management | For | For | |
| 1J. | Election of Director: Jeffrey W. Ubben | Management | For | For | |
| 1K. | Election of Director: Darren W. Woods | Management | For | For | |
| 2. | Ratification of Independent Auditors | Management | For | For | |
| 3. | Advisory Vote to Approve Executive Compensation | Management | For | For | |
| 4. | Remove Executive Perquisites | Shareholder | Against | For | |
| 5. | Limit Shareholder Rights for Proposal Submission | Shareholder | Against | For | |
| 6. | Reduce Company Emissions and Hydrocarbon Sales | Shareholder | Against | For | |
| 7. | Report on Low Carbon Business Planning | Shareholder | Against | For | |
| 8. | Report on Scenario Analysis | Shareholder | Against | For | |
| 9. | Report on Plastic Production | Shareholder | Against | For | |
| 10. | Report on Political Contributions | Shareholder | Against | For |
| BLACKROCK, INC. | |||
| Security | 09247X101 | Meeting Type | Annual |
| Ticker Symbol | BLK | Meeting Date | 25-May-2022 |
| ISIN | US09247X1019 | Agenda | 935606890 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Bader M. Alsaad | Management | For | For | |
| 1B. | Election of Director: Pamela Daley | Management | For | For | |
| 1C. | Election of Director: Laurence D. Fink | Management | For | For | |
| 1D. | Election of Director: Beth Ford | Management | For | For | |
| 1E. | Election of Director: William E. Ford | Management | For | For | |
| 1F. | Election of Director: Fabrizio Freda | Management | For | For | |
| 1G. | Election of Director: Murry S. Gerber | Management | For | For | |
| 1H. | Election of Director: Margaret “Peggy” L. Johnson | Management | For | For | |
| 1I. | Election of Director: Robert S. Kapito | Management | For | For | |
| 1J. | Election of Director: Cheryl D. Mills | Management | For | For | |
| 1K. | Election of Director: Gordon M. Nixon | Management | For | For | |
| 1L. | Election of Director: Kristin C. Peck | Management | For | For | |
| 1M. | Election of Director: Charles H. Robbins | Management | For | For | |
| 1N. | Election of Director: Marco Antonio Slim Domit | Management | For | For | |
| 1O. | Election of Director: Hans E. Vestberg | Management | For | For | |
| 1P. | Election of Director: Susan L. Wagner | Management | For | For | |
| 1Q. | Election of Director: Mark Wilson | Management | For | For | |
| 2. | Approval, in a non-binding advisory vote, of the | Management | For | For | |
| compensation for named executive officers. | |||||
| 3. | Ratification of the appointment of Deloitte LLP as | Management | For | For | |
| BlackRock’s independent registered public accounting | |||||
| firm for the fiscal year 2022. | |||||
| 4. | Shareholder Proposal - Adopt stewardship policies | Shareholder | Against | For | |
| designed to curtail corporate activities that externalize | |||||
| social and environmental costs. |
| DUPONT DE NEMOURS, INC. | |||
| Security | 26614N102 | Meeting Type | Annual |
| Ticker Symbol | DD | Meeting Date | 26-May-2022 |
| ISIN | US26614N1028 | Agenda | 935594449 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1A. | Election of Director: Amy G. Brady | Management | For | For | |
| 1B. | Election of Director: Edward D. Breen | Management | For | For | |
| 1C. | Election of Director: Ruby R. Chandy | Management | For | For | |
| 1D. | Election of Director: Terrence R. Curtin | Management | For | For | |
| 1E. | Election of Director: Alexander M. Cutler | Management | For | For | |
| 1F. | Election of Director: Eleuthère I. du Pont | Management | For | For | |
| 1G. | Election of Director: Kristina M. Johnson | Management | For | For | |
| 1H. | Election of Director: Luther C. Kissam | Management | For | For | |
| 1I. | Election of Director: Frederick M. Lowery | Management | For | For | |
| 1J. | Election of Director: Raymond J. Milchovich | Management | For | For | |
| 1K. | Election of Director: Deanna M. Mulligan | Management | For | For | |
| 1L. | Election of Director: Steven M. Sterin | Management | For | For | |
| 2. | Advisory Resolution to Approve Executive Compensation | Management | For | For | |
| 3. | Ratification of the appointment of | Management | For | For | |
| PricewaterhouseCoopers LLP as the Company’s | |||||
| independent registered public accounting firm for 2022 | |||||
| 4. | Independent Board Chair | Shareholder | Against | For |
| MCDONALD’S CORPORATION | |||
| Security | 580135101 | Meeting Type | Contested-Annual |
| Ticker Symbol | MCD | Meeting Date | 26-May-2022 |
| ISIN | US5801351017 | Agenda | 935606965 - Management |
| Item | Proposal | Proposed | Vote | For/Against | ||
| by | Management | |||||
| 1. | DIRECTOR | Management | ||||
| 1 | Lloyd Dean | For | For | |||
| 2 | Robert Eckert | For | For | |||
| 3 | Catherine Engelbert | For | For | |||
| 4 | Margaret Georgiadis | For | For | |||
| 5 | Enrique Hernandez, Jr. | For | For | |||
| 6 | Christopher Kempczinski | For | For | |||
| 7 | Richard Lenny | For | For | |||
| 8 | John Mulligan | For | For | |||
| 9 | Sheila Penrose | For | For | |||
| 10 | John Rogers, Jr. | For | For | |||
| 11 | Paul Walsh | For | For | |||
| 12 | Miles White | For | For | |||
| 2. | Advisory vote to approve executive compensation. | Management | For | For | ||
| 3. | Advisory vote to ratify the appointment of Ernst & Young | Management | For | For | ||
| LLP as independent auditor for 2022. | ||||||
| 4. | Advisory vote on a shareholder proposal requesting to | Shareholder | Against | For | ||
| modify the threshold to call special shareholders’ | ||||||
| meetings, if properly presented. | ||||||
| 5. | Advisory vote on a shareholder proposal requesting a | Shareholder | Against | For | ||
| report on reducing plastics use, if properly presented. | ||||||
| 6. | Advisory vote on a shareholder proposal requesting a | Shareholder | Against | For | ||
| report on antibiotics and public health costs, if properly | ||||||
| presented. | ||||||
| 7. | Advisory vote on a shareholder proposal requesting | Shareholder | Against | For | ||
| disclosure regarding confinement stall use in the | ||||||
| Company’s U.S. pork supply chain, if properly presented. | ||||||
| 8. | Advisory vote on a shareholder proposal requesting a | Shareholder | Against | For | ||
| third party civil rights audit, if properly presented. | ||||||
| 9. | Advisory vote on a shareholder proposal requesting a | Shareholder | Against | For | ||
| report on lobbying activities and expenditures, if properly | ||||||
| presented. | ||||||
| 10. | Advisory vote on a shareholder proposal requesting a | Shareholder | Against | For | ||
| report on global public policy and political influence, if | ||||||
| properly presented. | ||||||
| WALMART INC. | |||
| Security | 931142103 | Meeting Type | Annual |
| Ticker Symbol | WMT | Meeting Date | 01-Jun-2022 |
| ISIN | US9311421039 | Agenda | 935613491 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1a. | Election of Director: Cesar Conde | Management | For | For | |
| 1b. | Election of Director: Timothy P. Flynn | Management | For | For | |
| 1c. | Election of Director: Sarah J. Friar | Management | For | For | |
| 1d. | Election of Director: Carla A. Harris | Management | For | For | |
| 1e. | Election of Director: Thomas W. Horton | Management | For | For | |
| 1f. | Election of Director: Marissa A. Mayer | Management | For | For | |
| 1g. | Election of Director: C. Douglas McMillon | Management | For | For | |
| 1h. | Election of Director: Gregory B. Penner | Management | For | For | |
| 1i. | Election of Director: Randall L. Stephenson | Management | For | For | |
| 1j. | Election of Director: S. Robson Walton | Management | For | For | |
| 1k. | Election of Director: Steuart L. Walton | Management | For | For | |
| 2. | Advisory Vote to Approve Named Executive Officer | Management | For | For | |
| Compensation | |||||
| 3. | Ratification of Ernst & Young LLP as Independent | Management | For | For | |
| Accountants | |||||
| 4. | Report on Animal Welfare Practices | Shareholder | Against | For | |
| 5. | Create a Pandemic Workforce Advisory Council | Shareholder | Against | For | |
| 6. | Report on Impacts of Reproductive Healthcare | Shareholder | Against | For | |
| Legislation | |||||
| 7. | Report on Alignment of Racial Justice Goals and Starting | Shareholder | Against | For | |
| Wages | |||||
| 8. | Civil Rights and Non-Discrimination Audit | Shareholder | Against | For | |
| 9. | Report on Charitable Donation Disclosures | Shareholder | Against | For | |
| 10. | Report on Lobbying Disclosures | Shareholder | Against | For |
| COMCAST CORPORATION | |||
| Security | 20030N101 | Meeting Type | Annual |
| Ticker Symbol | CMCSA | Meeting Date | 01-Jun-2022 |
| ISIN | US20030N1019 | Agenda | 935613693 - Management |
| Item | Proposal | Proposed | Vote | For/Against | ||
| by | Management | |||||
| 1. | DIRECTOR | Management | ||||
| 1 | Kenneth J. Bacon | For | For | |||
| 2 | Madeline S. Bell | For | For | |||
| 3 | Edward D. Breen | For | For | |||
| 4 | Gerald L. Hassell | For | For | |||
| 5 | Jeffrey A. Honickman | For | For | |||
| 6 | Maritza G. Montiel | For | For | |||
| 7 | Asuka Nakahara | For | For | |||
| 8 | David C. Novak | For | For | |||
| 9 | Brian L. Roberts | For | For | |||
| 2. | Advisory vote on executive compensation | Management | For | For | ||
| 3. | Ratification of the appointment of our independent | Management | For | For | ||
| auditors | ||||||
| 4. | To report on charitable donations | Shareholder | Against | For | ||
| 5. | To perform independent racial equity audit | Shareholder | Against | For | ||
| 6. | To report on risks of omitting “viewpoint” and “ideology” | Shareholder | Against | For | ||
| from EEO policy | ||||||
| 7. | To conduct and publicly release the results of an | Shareholder | Against | For | ||
| independent investigation into the effectiveness of sexual | ||||||
| harassment policies | ||||||
| 8. | To report on how retirement plan options align with | Shareholder | Against | For | ||
| company climate goals | ||||||
| CATERPILLAR INC. | |||
| Security | 149123101 | Meeting Type | Annual |
| Ticker Symbol | CAT | Meeting Date | 08-Jun-2022 |
| ISIN | US1491231015 | Agenda | 935627729 - Management |
| Item | Proposal | Proposed | Vote | For/Against | |
| by | Management | ||||
| 1a. | Election of Director: Kelly A. Ayotte | Management | For | For | |
| 1b. | Election of Director: David L. Calhoun | Management | For | For | |
| 1c. | Election of Director: Daniel M. Dickinson | Management | For | For | |
| 1d. | Election of Director: Gerald Johnson | Management | For | For | |
| 1e. | Election of Director: David W. MacLennan | Management | For | For | |
| 1f. | Election of Director: Debra L. Reed-Klages | Management | For | For | |
| 1g. | Election of Director: Edward B. Rust, Jr. | Management | For | For | |
| 1h. | Election of Director: Susan C. Schwab | Management | For | For | |
| 1i. | Election of Director: D. James Umpleby III | Management | For | For | |
| 1j. | Election of Director: Rayford Wilkins, Jr. | Management | For | For | |
| 2. | Ratification of our Independent Registered Public | Management | For | For | |
| Accounting Firm | |||||
| 3. | Advisory Vote to Approve Executive Compensation | Management | For | For | |
| 4. | Shareholder Proposal - Report on Climate | Shareholder | Against | Against | |
| 5. | Shareholder Proposal - Lobbying Disclosure | Shareholder | Against | For | |
| 6. | Shareholder Proposal - Report on Activities in Conflict- | Shareholder | Against | For | |
| Affected Areas | |||||
| 7. | Shareholder Proposal - Special Shareholder Meeting | Shareholder | Against | For | |
| Improvement |
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 Cutler Trust
By: /s/ Erich M. Patten
Erich M. Patten, President
Date: July 25, 2022
