UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY INVESTMENT COMPANY ACT FILE NUMBER: 811-21897 NAME OF REGISTRANT: Manager Directed Portfolios ADDRESS OF PRINCIPAL EXECUTIVE OFFICES: 615 East Michigan Street Milwaukee, WI 53202 NAME AND ADDRESS OF AGENT FOR SERVICE: Scott M. Ostrowski, President Manager Directed Portfolios c/o U.S. Bancorp Fund Services, LLC 777 East Wisconsin Avenue, 5th Floor Milwaukee, WI 53202 REGISTRANT'S TELEPHONE NUMBER: 414-765-4339 DATE OF FISCAL YEAR END: 12/31 DATE OF REPORTING PERIOD: 07/01/2021 - 06/30/2022 Spyglass Growth Fund -------------------------------------------------------------------------------------------------------------------------- AFFILIATED MANAGERS GROUP, INC. Agenda Number: 935612514 -------------------------------------------------------------------------------------------------------------------------- Security: 008252108 Meeting Type: Annual Meeting Date: 27-May-2022 Ticker: AMG ISIN: US0082521081 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1a. Election of Director to serve until the Mgmt For For 2023 Annual Meeting of Stockholders: Karen L. Alvingham 1b. Election of Director to serve until the Mgmt For For 2023 Annual Meeting of Stockholders: Tracy A. Atkinson 1c. Election of Director to serve until the Mgmt For For 2023 Annual Meeting of Stockholders: Dwight D. Churchill 1d. Election of Director to serve until the Mgmt For For 2023 Annual Meeting of Stockholders: Jay C. Horgen 1e. Election of Director to serve until the Mgmt For For 2023 Annual Meeting of Stockholders: Reuben Jeffery III 1f. Election of Director to serve until the Mgmt For For 2023 Annual Meeting of Stockholders: Felix V. Matos Rodriguez 1g. Election of Director to serve until the Mgmt For For 2023 Annual Meeting of Stockholders: Tracy P. Palandjian 1h. Election of Director to serve until the Mgmt For For 2023 Annual Meeting of Stockholders: David C. Ryan 2. To approve, by a non-binding advisory vote, Mgmt For For the compensation of the Company's named executive officers. 3. To ratify the selection of Mgmt For For PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the current fiscal year. -------------------------------------------------------------------------------------------------------------------------- AFFIRM HOLDINGS, INC. Agenda Number: 935508501 -------------------------------------------------------------------------------------------------------------------------- Security: 00827B106 Meeting Type: Annual Meeting Date: 03-Dec-2021 Ticker: AFRM ISIN: US00827B1061 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. DIRECTOR Libor Michalek Mgmt For For Jacqueline D. Reses Mgmt For For 2. Ratify the Audit Committee's selection of Mgmt For For Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending June 30, 2022. 3. Approve, on an advisory basis, the Mgmt 1 Year For frequency of future advisory votes to approve our named executive officers' compensation. -------------------------------------------------------------------------------------------------------------------------- APPLOVIN CORPORATION Agenda Number: 935616574 -------------------------------------------------------------------------------------------------------------------------- Security: 03831W108 Meeting Type: Annual Meeting Date: 08-Jun-2022 Ticker: APP ISIN: US03831W1080 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1a. Election of Director: ADAM FOROUGHI Mgmt For For 1b. Election of Director: HERALD CHEN Mgmt For For 1c. Election of Director: CRAIG BILLINGS Mgmt For For 1d. Election of Director: MARGARET GEORGIADIS Mgmt For For 1e. Election of Director: ALYSSA HARVEY DAWSON Mgmt For For 1f. Election of Director: EDWARD OBERWAGER Mgmt For For 1g. Election of Director: ASHA SHARMA Mgmt For For 1h. Election of Director: EDUARDO VIVAS Mgmt For For 2. Ratification of the Audit Committee's Mgmt For For appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022. 3. Approval, on an advisory basis, the Mgmt For For compensation of our named executive officers. 4. To recommend, on an advisory basis, the Mgmt 1 Year For frequency of future stockholder advisory votes on the compensation of our named executive officers. 5. Approval of the amendment of our 2021 Mgmt For For Partner Studio Incentive Plan to increase the number of shares of our Class A common stock authorized for issuance thereunder. -------------------------------------------------------------------------------------------------------------------------- ASCENDIS PHARMA A S Agenda Number: 935514186 -------------------------------------------------------------------------------------------------------------------------- Security: 04351P101 Meeting Type: Special Meeting Date: 05-Nov-2021 Ticker: ASND ISIN: US04351P1012 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. The Board of Directors proposes that Mgmt No vote attorney-at-law Lars Luthjohan Jensen is elected as chairman of the general meeting. 2. Election of Director: Nominees for Class I, Mgmt No vote with a term expiring at the annual general meeting to be held in 2023: James I. Healy, Jan Moller Mikkelsen, Lisa Morrison; Nominees for Class II, with a term expiring at the annual general meeting to be held in 2022: Albert Cha, Lars Holtug, Rafaele Tordjman 3. Authorisation of the chairman of the Mgmt No vote meeting: The Board of Directors proposes that Rafaele Tordjman is elected. -------------------------------------------------------------------------------------------------------------------------- ASCENDIS PHARMA A S Agenda Number: 935517827 -------------------------------------------------------------------------------------------------------------------------- Security: 04351P101 Meeting Type: Special Meeting Date: 18-Nov-2021 Ticker: ASND ISIN: US04351P1012 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. Elect Lars Luthjohan Jensen as chairman of Mgmt For For the meeting 2. Elect Rafaele Tordjman to the board Mgmt For For 3. Authorize the chairman of the meeting to Mgmt For For register Rafaele Tordjman with the Danish Business Authority, if elected -------------------------------------------------------------------------------------------------------------------------- ASCENDIS PHARMA A S Agenda Number: 935644054 -------------------------------------------------------------------------------------------------------------------------- Security: 04351P101 Meeting Type: Annual Meeting Date: 30-May-2022 Ticker: ASND ISIN: US04351P1012 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. Election of Chairman of the Meeting Mgmt For For 2. Report on the Company's Activities during Mgmt For For the Past Year 3. Approval of Audited Annual Report with Mgmt For For Auditor's Statement and Discharge of the Board of Directors and Management 4. Resolution on Application of Profits or Mgmt For For Covering of Losses as per the Adopted Annual Report 5a. Election of Board Member Class II, with a Mgmt For For term expiring at the annual general meeting to be held in 2024: Albert Cha 5b. Election of Board Member Class II, with a Mgmt For For term expiring at the annual general meeting to be held in 2024: Rafaele Tordjman 5c. Election of Board Member Class II, with a Mgmt For For term expiring at the annual general meeting to be held in 2024: Lars Holtug 6. Election of State-authorized Public Auditor Mgmt For For 7a. The Board of Directors proposes to amend Mgmt For For the Articles of Association by renewing the authorisation to the Board of Directors to obtain loan against issuance of convertible bonds which gives the right to subscribe up to nominal DKK 9,000,000 new shares in the Company. 7b. The Board of Directors proposes to amend Mgmt For For the Articles of Association by adoption of an authorization to the Board of Directors to issue up to nominal 1,000,000 warrants to employees, advisors, consultants and executive management. The exercise price shall be equal to at least the market price at the time of grant. -------------------------------------------------------------------------------------------------------------------------- BEYOND MEAT, INC. Agenda Number: 935601369 -------------------------------------------------------------------------------------------------------------------------- Security: 08862E109 Meeting Type: Annual Meeting Date: 24-May-2022 Ticker: BYND ISIN: US08862E1091 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. DIRECTOR Ethan Brown Mgmt No vote Colleen Jay Mgmt No vote Raymond J. Lane Mgmt No vote 2. Ratification of the appointment of Deloitte Mgmt No vote & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2022. 3. To approve, on an advisory (non-binding) Mgmt No vote basis, the compensation of the Company's named executive officers. -------------------------------------------------------------------------------------------------------------------------- BRIGHT HORIZONS FAMILY SOLUTIONS INC. Agenda Number: 935643393 -------------------------------------------------------------------------------------------------------------------------- Security: 109194100 Meeting Type: Annual Meeting Date: 22-Jun-2022 Ticker: BFAM ISIN: US1091941005 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1a. Election of Class III Director for a term Mgmt For For of three years: Lawrence M. Alleva 1b. Election of Class III Director for a term Mgmt For For of three years: Joshua Bekenstein 1c. Election of Class III Director for a term Mgmt For For of three years: David H. Lissy 2. To approve, on an advisory basis, the Mgmt For For compensation paid by the Company to its Named Executive Officers. 3. To ratify the appointment of Deloitte & Mgmt For For Touche LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2022. -------------------------------------------------------------------------------------------------------------------------- CABLE ONE, INC. Agenda Number: 935613720 -------------------------------------------------------------------------------------------------------------------------- Security: 12685J105 Meeting Type: Annual Meeting Date: 20-May-2022 Ticker: CABO ISIN: US12685J1051 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A. Election of Director: Brad D. Brian Mgmt For For 1B. Election of Director: Thomas S. Gayner Mgmt For For 1C. Election of Director: Deborah J. Kissire Mgmt For For 1D. Election of Director: Julia M. Laulis Mgmt For For 1E. Election of Director: Thomas O. Might Mgmt For For 1F. Election of Director: Kristine E. Miller Mgmt For For 1G. Election of Director: Katharine B. Weymouth Mgmt For For 2. To ratify the appointment of Mgmt For For PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Company for the year ending December 31, 2022 3. To approve, on a non-binding advisory Mgmt For For basis, the compensation of the Company's named executive officers for 2021 4. To approve the Company's Amended and Mgmt For For Restated Certificate of Incorporation, as amended and restated to reduce the required stockholder vote to adopt, amend, alter or repeal any provision of the Company's Amended and Restated By-Laws from 66 2/3% of the combined voting power to a majority of the combined voting power standard 5. To approve the Cable One, Inc. 2022 Omnibus Mgmt For For Incentive Compensation Plan -------------------------------------------------------------------------------------------------------------------------- EVERBRIDGE, INC. Agenda Number: 935595225 -------------------------------------------------------------------------------------------------------------------------- Security: 29978A104 Meeting Type: Annual Meeting Date: 19-May-2022 Ticker: EVBG ISIN: US29978A1043 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1.1 Election of Director: Richard D'Amore Mgmt For For 1.2 Election of Director: Alison Dean Mgmt For For 1.3 Election of Director: Jaime Ellertson Mgmt For For 1.4 Election of Director: Bruns Grayson Mgmt For For 1.5 Election of Director: David Henshall Mgmt For For 1.6 Election of Director: Kent Mathy Mgmt For For 1.7 Election of Director: Simon Paris Mgmt For For 1.8 Election of Director: Sharon Rowlands Mgmt For For 2. To ratify the selection by the Audit Mgmt For For Committee of the Board of Directors of Ernst & Young LLP as the independent registered public accounting firm of the Company for its fiscal year ending December 31, 2022. 3. To approve, on an advisory basis, the Mgmt For For compensation of the Company's named executive officers as disclosed in the Proxy Statement. -------------------------------------------------------------------------------------------------------------------------- EXACT SCIENCES CORPORATION Agenda Number: 935632629 -------------------------------------------------------------------------------------------------------------------------- Security: 30063P105 Meeting Type: Annual Meeting Date: 09-Jun-2022 Ticker: EXAS ISIN: US30063P1057 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. DIRECTOR Kevin Conroy Mgmt For For Shacey Petrovic Mgmt For For Katherine Zanotti Mgmt For For 2. To ratify the selection of Mgmt For For PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2022. 3. To approve, on an advisory basis, the Mgmt For For compensation of our named executive officers. 4. To approve Amendment No. 1 to the Exact Mgmt For For Sciences Corporation 2019 Omnibus Long-Term Incentive Plan. 5. To approve the Amended and Restated Exact Mgmt For For Sciences Corporation 2010 Employee Stock Purchase Plan. 6. The Shareholder Proposal concerning proxy Shr Against For access. -------------------------------------------------------------------------------------------------------------------------- FIVE BELOW, INC. Agenda Number: 935636057 -------------------------------------------------------------------------------------------------------------------------- Security: 33829M101 Meeting Type: Annual Meeting Date: 14-Jun-2022 Ticker: FIVE ISIN: US33829M1018 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1a. Election of Director: Catherine E. Buggeln Mgmt For For 1b. Election of Director: Michael F. Devine, Mgmt For For III 1c. Election of Director: Bernard Kim Mgmt For For 1d. Election of Director: Ronald L. Sargent Mgmt For For 2. To ratify the appointment of KPMG LLP as Mgmt For For the Company's independent registered public accounting firm for the current fiscal year ending January 28, 2023. 3. To approve the Company's 2022 Equity Mgmt For For Incentive Plan. 4. To approve, by non-binding advisory vote, Mgmt For For the Company's Named Executive Officer compensation. 5. To approve amendments to the Company's Mgmt For For Amended and Restated Articles of Incorporation and Amended and Restated Bylaws to declassify the Board of Directors. 6. To approve amendments to the Company's Mgmt For For Amended and Restated Articles of Incorporation and Amended and Restated Bylaws to increase the maximum allowable number of directors to 14. -------------------------------------------------------------------------------------------------------------------------- GODADDY INC. Agenda Number: 935613592 -------------------------------------------------------------------------------------------------------------------------- Security: 380237107 Meeting Type: Annual Meeting Date: 01-Jun-2022 Ticker: GDDY ISIN: US3802371076 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1a. Election of Director: Amanpal (Aman) Mgmt For For Bhutani 1b. Election of Director: Caroline Donahue Mgmt For For 1c. Election of Director: Charles Robel Mgmt For For 2. Advisory, non-binding vote to approve named Mgmt For For executive officer compensation. 3. Advisory, non-binding vote to approve the Mgmt 1 Year For frequency of advisory votes on named executive officer compensation for one, two or three years. 4. Ratification of the appointment of Ernst & Mgmt For For Young LLP as our independent registered public accounting firm for the year ending December 31, 2022. 5. Approval of an Amendment to the Company's Mgmt For For Amended and Restated Certificate of Incorporation to declassify the Board of Directors and provide for the annual election of directors. 6. Approval of an Amendment to the Company's Mgmt For For Amended and Restated Certificate of Incorporation to eliminate certain supermajority voting requirements. 7. Approval of an Amendment to the Company's Mgmt For For Amended and Restated Certificate of Incorporation to eliminate certain business combination restrictions set forth therein and instead subject the Company to the business combination restrictions of the Delaware General Corporation Law. 8. Approval of an Amendment to the Company's Mgmt For For Amended and Restated Certificate of Incorporation to eliminate inoperative provisions and implement certain other miscellaneous amendments. -------------------------------------------------------------------------------------------------------------------------- LYFT, INC. Agenda Number: 935631514 -------------------------------------------------------------------------------------------------------------------------- Security: 55087P104 Meeting Type: Annual Meeting Date: 16-Jun-2022 Ticker: LYFT ISIN: US55087P1049 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. DIRECTOR Prashant Aggarwal Mgmt For For Ariel Cohen Mgmt For For Mary Agnes Wilderotter Mgmt For For 2. To ratify the appointment of Mgmt For For PricewaterhouseCoopers LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2022 3. To approve, on an advisory basis, the Mgmt Against Against compensation of our named executive officers 4. To approve a stockholder proposal regarding Shr Abstain Against a report disclosing certain lobbying expenditures and activities, if properly presented at the meeting -------------------------------------------------------------------------------------------------------------------------- MATCH GROUP, INC. Agenda Number: 935622957 -------------------------------------------------------------------------------------------------------------------------- Security: 57667L107 Meeting Type: Annual Meeting Date: 08-Jun-2022 Ticker: MTCH ISIN: US57667L1070 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1a. Election of Director: Stephen Bailey Mgmt For For 1b. Election of Director: Melissa Brenner Mgmt For For 1c. Election of Director: Alan G. Spoon Mgmt For For 2. To approve a non-binding advisory Mgmt For For resolution on executive compensation. 3. To conduct a non-binding advisory vote on Mgmt 1 Year For the frequency of future advisory votes on executive compensation. 4. Ratification of the appointment of Ernst & Mgmt For For Young LLP as Match Group, Inc.'s independent registered public accounting firm for 2022. -------------------------------------------------------------------------------------------------------------------------- MOMENTIVE GLOBAL, INC. Agenda Number: 935541842 -------------------------------------------------------------------------------------------------------------------------- Security: 60878Y108 Meeting Type: Special Meeting Date: 25-Feb-2022 Ticker: MNTV ISIN: US60878Y1082 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. To adopt the Agreement and Plan of Merger, Mgmt For For dated October 28, 2021, among Zendesk, Inc., Milky Way Acquisition Corp. and Momentive Global Inc., as it may be amended from time to time. 2. To approve, on a non-binding advisory Mgmt For For basis, the compensation that may be paid or become payable to the named executive officers of Momentive Global Inc. that is based on or otherwise relates to the transactions contemplated by the merger agreement. 3. To approve the adjournment of the Momentive Mgmt For For special meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the Momentive special meeting to approve the Momentive merger proposal. -------------------------------------------------------------------------------------------------------------------------- MOMENTIVE GLOBAL, INC. Agenda Number: 935627832 -------------------------------------------------------------------------------------------------------------------------- Security: 60878Y108 Meeting Type: Annual Meeting Date: 07-Jun-2022 Ticker: MNTV ISIN: US60878Y1082 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. Approval of the Amendment of the Mgmt For For Certificate of Incorporation of the Company to Declassify the Board of Directors. 2. DIRECTOR Alexander J. Lurie Mgmt For For Dana Evan Mgmt For For Sagar Gupta Mgmt For For 3. Advisory vote to approve named executive Mgmt For For officer compensation ("Say-on-Pay"). 4. Ratification of appointment of Ernst & Mgmt For For Young LLP as the independent registered accountants of Momentive, Global Inc. for the fiscal year ending December 31, 2022. -------------------------------------------------------------------------------------------------------------------------- NUTANIX, INC. Agenda Number: 935510049 -------------------------------------------------------------------------------------------------------------------------- Security: 67059N108 Meeting Type: Annual Meeting Date: 10-Dec-2021 Ticker: NTNX ISIN: US67059N1081 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A. Election of Class II Director: Craig Conway Mgmt For For 1B. Election of Class II Director: Virginia Mgmt For For Gambale 1C. Election of Class II Director: Brian Mgmt For For Stevens 2. To ratify the selection of Deloitte & Mgmt For For Touche LLP as our independent registered public accounting firm for the fiscal year ending July 31, 2022. 3. To approve, on a non-binding advisory Mgmt For For basis, the compensation of our Named Executive Officers. -------------------------------------------------------------------------------------------------------------------------- PACIRA BIOSCIENCES, INC. Agenda Number: 935630928 -------------------------------------------------------------------------------------------------------------------------- Security: 695127100 Meeting Type: Annual Meeting Date: 07-Jun-2022 Ticker: PCRX ISIN: US6951271005 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. DIRECTOR Yvonne Greenstreet Mgmt For For Paul Hastings Mgmt For For Andreas Wicki Mgmt For For 2. Ratification of the appointment of KPMG LLP Mgmt For For as our independent registered public accounting firm for the fiscal year ending December 31, 2022. 3. Approval, on an advisory basis, of the Mgmt For For compensation of our named executive officers. 4. Approval of our Amended and Restated 2014 Mgmt For For Employee Stock Purchase Plan. -------------------------------------------------------------------------------------------------------------------------- PALO ALTO NETWORKS, INC. Agenda Number: 935512699 -------------------------------------------------------------------------------------------------------------------------- Security: 697435105 Meeting Type: Annual Meeting Date: 14-Dec-2021 Ticker: PANW ISIN: US6974351057 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A. Election of Class I Director: John M. Mgmt For For Donovan 1B. Election of Class I Director: Right Mgmt For For Honorable Sir John Key 1C. Election of Class I Director: Mary Pat Mgmt For For McCarthy 1D. Election of Class I Director: Nir Zuk Mgmt For For 2. To ratify the appointment of Ernst & Young Mgmt For For LLP as our independent registered public accounting firm for our fiscal year ending July 31, 2022. 3. To approve, on an advisory basis, the Mgmt For For compensation of our named executive officers. 4. To approve the 2021 Palo Alto Networks, Mgmt For For Inc. Equity Incentive Plan. -------------------------------------------------------------------------------------------------------------------------- PELOTON INTERACTIVE, INC. Agenda Number: 935510431 -------------------------------------------------------------------------------------------------------------------------- Security: 70614W100 Meeting Type: Annual Meeting Date: 07-Dec-2021 Ticker: PTON ISIN: US70614W1009 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. DIRECTOR Jon Callaghan Mgmt For For Jay Hoag Mgmt For For 2. Ratification of the appointment of Ernst & Mgmt For For Young LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2022. 3. Approval, on a non-binding advisory basis, Mgmt Against Against of the compensation of the named executive officers as disclosed in the Proxy Statement. -------------------------------------------------------------------------------------------------------------------------- PROOFPOINT, INC. Agenda Number: 935464038 -------------------------------------------------------------------------------------------------------------------------- Security: 743424103 Meeting Type: Special Meeting Date: 23-Jul-2021 Ticker: PFPT ISIN: US7434241037 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. To adopt the Agreement and Plan of Merger, Mgmt No vote dated as of April 25, 2021 (the "Merger Agreement"), by and among Proofpoint, Inc. ("Proofpoint"), Proofpoint Parent, LLC (f/k/a Project Kafka Parent, LLC) and Project Kafka Merger Sub, Inc., a wholly owned subsidiary of Parent. 2. To approve, on an advisory (non-binding) Mgmt No vote basis, the compensation that may be paid or become payable to Proofpoint's named executive officers that is based on or otherwise related to the Merger Agreement and the transactions contemplated by the Merger Agreement. 3. To adjourn the special meeting, if Mgmt No vote necessary or appropriate, to solicit additional proxies if there are insufficient votes to adopt the Merger Agreement at the time of the special meeting. -------------------------------------------------------------------------------------------------------------------------- SPLUNK INC. Agenda Number: 935638316 -------------------------------------------------------------------------------------------------------------------------- Security: 848637104 Meeting Type: Annual Meeting Date: 16-Jun-2022 Ticker: SPLK ISIN: US8486371045 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1a. Election of Class I Director: Mark Carges Mgmt For For 1b. Election of Class I Director: Kenneth Hao Mgmt For For 1c. Election of Class I Director: Elisa Steele Mgmt For For 2. To ratify the appointment of Mgmt For For PricewaterhouseCoopers LLP as our independent registered public accounting firm for our fiscal year ending January 31, 2023. 3. To approve, on an advisory basis, the Mgmt For For compensation of our named executive officers, as described in the proxy statement. 4. To approve the Splunk Inc. 2022 Equity Mgmt For For Incentive Plan and the reservation of shares thereunder. -------------------------------------------------------------------------------------------------------------------------- STITCH FIX, INC. Agenda Number: 935511471 -------------------------------------------------------------------------------------------------------------------------- Security: 860897107 Meeting Type: Annual Meeting Date: 15-Dec-2021 Ticker: SFIX ISIN: US8608971078 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A. Election of Director: Katrina Lake Mgmt For For 1B. Election of Director: Sharon McCollam Mgmt For For 1C. Election of Director: Elizabeth Williams Mgmt For For 2. Advisory vote to approve executive Mgmt For For compensation. 3. Ratification of the selection of Deloitte & Mgmt For For Touche LLP as our independent registered public accounting firm for the fiscal year ending July 30, 2022. -------------------------------------------------------------------------------------------------------------------------- TWITTER, INC. Agenda Number: 935603731 -------------------------------------------------------------------------------------------------------------------------- Security: 90184L102 Meeting Type: Annual Meeting Date: 25-May-2022 Ticker: TWTR ISIN: US90184L1026 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1a. Election of Director: Egon Durban Mgmt Take No Action 1b. Election of Director: Patrick Pichette Mgmt Take No Action 2. The approval, on an advisory basis, of the Mgmt Take No Action compensation of our named executive officers. 3. Ratification of the appointment of Mgmt Take No Action PricewaterhouseCoopers LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2022. 4. The approval of an amendment to our amended Mgmt Take No Action and restated certificate of incorporation to declassify our board of directors. 5. A stockholder proposal regarding a report Shr Take No Action on risks of the use of concealment clauses, if properly presented at the Annual Meeting. 6. A stockholder proposal regarding a director Shr Take No Action candidate with human and/or civil rights expertise, if properly presented at the Annual Meeting. 7. A stockholder proposal regarding an audit Shr Take No Action analyzing the Company's impacts on civil rights and non-discrimination, if properly presented at the Annual Meeting. 8. A stockholder proposal regarding an Shr Take No Action electoral spending report, if properly presented at the Annual Meeting. 9. A stockholder proposal regarding a report Shr Take No Action on lobbying activities and expenditures, if properly presented at the Annual Meeting. -------------------------------------------------------------------------------------------------------------------------- ULTA BEAUTY, INC. Agenda Number: 935598512 -------------------------------------------------------------------------------------------------------------------------- Security: 90384S303 Meeting Type: Annual Meeting Date: 01-Jun-2022 Ticker: ULTA ISIN: US90384S3031 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. DIRECTOR Kelly E. Garcia Mgmt For For Michael R. MacDonald Mgmt For For Gisel Ruiz Mgmt For For 2. To ratify the appointment of Ernst & Young Mgmt For For LLP as our independent registered public accounting firm for our fiscal year 2022, ending January 28, 2023. 3. To vote on an advisory resolution to Mgmt For For approve the Company's executive compensation. -------------------------------------------------------------------------------------------------------------------------- VAIL RESORTS, INC. Agenda Number: 935509616 -------------------------------------------------------------------------------------------------------------------------- Security: 91879Q109 Meeting Type: Annual Meeting Date: 08-Dec-2021 Ticker: MTN ISIN: US91879Q1094 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A. Election of Director: Susan L. Decker Mgmt For For 1B. Election of Director: Robert A. Katz Mgmt For For 1C. Election of Director: Kirsten A. Lynch Mgmt For For 1D. Election of Director: Nadia Rawlinson Mgmt For For 1E. Election of Director: John T. Redmond Mgmt For For 1F. Election of Director: Michele Romanow Mgmt For For 1G. Election of Director: Hilary A. Schneider Mgmt For For 1H. Election of Director: D. Bruce Sewell Mgmt For For 1I. Election of Director: John F. Sorte Mgmt For For 1J. Election of Director: Peter A. Vaughn Mgmt For For 2. Ratify the selection of Mgmt For For PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending July 31, 2022. 3. Hold an advisory vote to approve executive Mgmt For For compensation. -------------------------------------------------------------------------------------------------------------------------- ZENDESK, INC. Agenda Number: 935541830 -------------------------------------------------------------------------------------------------------------------------- Security: 98936J101 Meeting Type: Special Meeting Date: 25-Feb-2022 Ticker: ZEN ISIN: US98936J1016 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. Zendesk Share Issuance Proposal. To approve Mgmt For For the issuance of shares of Zendesk common stock to the stockholders of Momentive Global Inc. ("Momentive") in connection with the merger contemplated by the Agreement and Plan of Merger, dated October 28, 2021, as it may be amended from time to time, by and among Zendesk, Milky Way Acquisition Corp., and Momentive. 2. Zendesk Adjournment Proposal. To approve Mgmt For For the adjournment of the Zendesk special meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the Zendesk special meeting to approve the Zendesk Share Issuance Proposal. * Management position unknown 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. (Registrant) Manager Directed Portfolios By (Signature) /s/ Scott M Ostrowski Name Scott M Ostrowski Title President Date 08/25/2022