UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
INVESTMENT COMPANY ACT FILE NUMBER: 811-3916
NAME OF REGISTRANT: VANGUARD SPECIALIZED FUNDS
ADDRESS OF REGISTRANT: PO BOX 2600, VALLEY FORGE, PA 19482
NAME AND ADDRESS OF AGENT FOR SERVICE: ANNE E. ROBINSON
PO BOX 876
VALLEY FORGE, PA 19482
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (610) 669-1000
DATE OF FISCAL YEAR END: JANUARY 31
DATE OF REPORTING PERIOD: JULY 1, 2021 - JUNE 30, 2022
******************************* FORM N-Px REPORT ******************************
ICA File Number: 81103916C
Reporting Period: 07/01/2021 - 06/30/2022
VANGUARD SPECIALIZED FUNDS
Each investment advisor's votes cast are shown separately below. Sections
without an investment advisor listed reflect votes cast at the discretion of the
Fund. The votes reported do not reflect any votes cast pursuant to a regulatory
requirement.
============== VANGUARD GLOBAL ESG SELECT STOCK FUND - WELLINGTON ==============
ACCENTURE PLC
Ticker: ACN Security ID: G1151C101
Meeting Date: JAN 26, 2022 Meeting Type: Annual
Record Date: NOV 29, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect Jaime Ardila For For Management
1B. Elect Nancy McKinstry For For Management
1C. Elect Beth E. Mooney For For Management
1D. Elect Gilles Pelisson For For Management
1E. Elect Paula A. Price For For Management
1F. Elect Venkata Renduchintala For For Management
1G. Elect Arun Sarin For For Management
1H. Elect Julie Sweet For For Management
1I. Elect Frank K. Tang For For Management
1J. Elect Tracey T. Travis For For Management
2. Advisory Vote on Executive Compensation For For Management
3. Approval of Amendment to the 2010 For For Management
Share Incentive Plan
4. Appointment of Auditor and Authority For For Management
to Set Fees
5. Authority to Issue Shares w/ For For Management
Preemptive Rights
6. Authority to Issue Shares w/o For For Management
Preemptive Rights
7. Authorize the Price Range at which the For For Management
Company can Re-allot Treasury Shares
--------------------------------------------------------------------------------
AIA GROUP LIMITED
Ticker: 1299 Security ID: Y002A1105
Meeting Date: MAY 19, 2022 Meeting Type: Annual
Record Date: MAY 13, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1 Accounts and Reports For For Management
2 Allocation of Profits/Dividends For For Management
3 Elect SUN Jie (Jane) For For Management
4 Elect George YEO Yong-Boon For For Management
5 Elect TEO Swee Lian For For Management
6 Elect Narongchai Akrasanee For Against Management
7 Appointment of Auditor and Authority For For Management
to Set Fees
8.A Authority to Issue Shares w/o For For Management
Preemptive Rights
8.B Authority to Repurchase Shares For For Management
--------------------------------------------------------------------------------
AUTOMATIC DATA PROCESSING, INC.
Ticker: ADP Security ID: 053015103
Meeting Date: NOV 10, 2021 Meeting Type: Annual
Record Date: SEP 13, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect Peter Bisson For For Management
1B. Elect Richard T. Clark For For Management
1C. Elect Linnie M. Haynesworth For For Management
1D. Elect John P. Jones For For Management
1E. Elect Francine S. Katsoudas For For Management
1F. Elect Nazzic S. Keene For For Management
1G. Elect Thomas J. Lynch For For Management
1H. Elect Scott F. Powers For For Management
1I. Elect William J. Ready For For Management
1J. Elect Carlos A. Rodriguez For For Management
1K. Elect Sandra S. Wijnberg For For Management
2. Advisory Vote on Executive Compensation For For Management
3. Ratification of Auditor For For Management
4. Shareholder Proposal Regarding Report Against Against Shareholder
on Non-Management Employee
Representation on the Board
--------------------------------------------------------------------------------
B3 S.A. - BRASIL BOLSA BALCAO
Ticker: B3SA3 Security ID: P1909G107
Meeting Date: DEC 09, 2021 Meeting Type: Special
Record Date: DEC 07, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1 Acquisition (Neoway Tecnologia For For Management
Integrada Assessoria e Negocios S.A)
--------------------------------------------------------------------------------
BAXTER INTERNATIONAL INC.
Ticker: BAX Security ID: 071813109
Meeting Date: MAY 03, 2022 Meeting Type: Annual
Record Date: MAR 11, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect Jose E. Almeida For For Management
1B. Elect Thomas F. Chen For For Management
1C. Elect Peter S. Hellman For For Management
1D. Elect Michael F. Mahoney For For Management
1E. Elect Patricia Morrison For For Management
1F. Elect Stephen N. Oesterle For For Management
1G. Elect Nancy M. Schlichting For Against Management
1H. Elect Catherine R. Smith For For Management
1I. Elect Albert P.L. Stroucken For For Management
1J. Elect Amy M. Wendell For For Management
1K. Elect David S. Wilkes For For Management
2 Advisory Vote on Executive Compensation For For Management
3 Ratification of Auditor For For Management
4 Permit Shareholders to Act by Written For For Management
Consent
5 Reduce Ownership Threshold for For For Management
Shareholders to Call Special Meetings
6 Shareholder Proposal Regarding Right Against Against Shareholder
to Call Special Meetings
7 Shareholder Proposal Regarding Against For Shareholder
Independent Chair
--------------------------------------------------------------------------------
BCE INC.
Ticker: BCE Security ID: 05534B760
Meeting Date: MAY 05, 2022 Meeting Type: Annual
Record Date: MAR 14, 2022
# Proposal Mgt Rec Vote Cast Sponsor
101 Elect Mirko Bibic For For Management
102 Elect David F. Denison For For Management
103 Elect Robert P. Dexter For For Management
104 Elect Katherine Lee For For Management
103 Elect Monique F. Leroux For For Management
105 Elect Sheila A. Murray For For Management
104 Elect Gordon M. Nixon For For Management
106 Elect Louis P. Pagnutti For For Management
107 Elect Calin Rovinescu For For Management
108 Elect Karen Sheriff For For Management
109 Elect Robert C. Simmonds For For Management
110 Elect Jennifer Tory For For Management
111 Elect Cornell Wright For For Management
112 Appointment of Auditor For For Management
113 Advisory Vote on Executive Compensation For For Management
2 Shareholder Proposal Regarding Report Against Against Shareholder
on Non-Management Employee
Representation on the Board
3 Shareholder Proposal Regarding Against Against Shareholder
Becoming a Public Benefit Corporation
4 Shareholder Proposal Regarding French Against Against Shareholder
as Official Company Language
--------------------------------------------------------------------------------
CISCO SYSTEMS, INC.
Ticker: CSCO Security ID: 17275R102
Meeting Date: DEC 13, 2021 Meeting Type: Annual
Record Date: OCT 15, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect M. Michele Burns For For Management
1B. Elect Wesley G. Bush For For Management
1C. Elect Michael D. Capellas For For Management
1D. Elect Mark Garrett For For Management
1E. Elect John D. Harris II For For Management
1F. Elect Kristina M. Johnson For For Management
1G. Elect Roderick C. McGeary For For Management
1H. Elect Charles H. Robbins For For Management
1I. Elect Brenton L. Saunders For Against Management
1J. Elect Lisa T. Su For For Management
1K. Elect Marianna Tessel For For Management
2. Advisory Vote on Executive Compensation For For Management
3. Ratification of Auditor For For Management
4. Shareholder Proposal Regarding Proxy Against Against Shareholder
Access Bylaw Amendment
--------------------------------------------------------------------------------
COLGATE-PALMOLIVE COMPANY
Ticker: CL Security ID: 194162103
Meeting Date: MAY 06, 2022 Meeting Type: Annual
Record Date: MAR 07, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1a. Elect John P. Bilbrey For For Management
1b. Elect John T. Cahill For For Management
1c. Elect Lisa M. Edwards For For Management
1d. Elect C. Martin Harris For For Management
1e. Elect Martina Hund-Mejean For For Management
1f. Elect Kimberly A. Nelson For For Management
1g. Elect Lorrie M. Norrington For For Management
1h. Elect Michael B. Polk For For Management
1i. Elect Stephen I. Sadove For For Management
1j. Elect Noel R. Wallace For For Management
2 Ratification of Auditor For For Management
3 Advisory Vote on Executive Compensation For For Management
4 Shareholder Proposal Regarding Against Against Shareholder
Severance Approval Policy
5 Shareholder Proposal Regarding Against Against Shareholder
Charitable Contributions Disclosure
--------------------------------------------------------------------------------
COMPASS GROUP PLC
Ticker: CPG Security ID: G23296208
Meeting Date: FEB 03, 2022 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accounts and Reports For For Management
2 Remuneration Policy For For Management
3 Remuneration Report For For Management
4 Final Dividend For For Management
5 Elect Palmer Brown For For Management
6 Elect Arlene Isaacs-Lowe For For Management
7 Elect Sundar Raman For For Management
8 Elect Ian K. Meakins For For Management
9 Elect Dominic Blakemore For For Management
10 Elect Gary Green For For Management
11 Elect Carol Arrowsmith For For Management
12 Elect Stefan Bomhard For For Management
13 Elect John A. Bryant For For Management
14 Elect Anne-Francoise Nesmes For For Management
15 Elect Nelson Luiz Costa Silva For For Management
16 Elect Ireena Vittal For For Management
17 Appointment of Auditor For For Management
18 Authority to Set Auditor's Fees For For Management
19 Authorisation of Political Donations For For Management
20 Authority to Issue Shares w/ For For Management
Preemptive Rights
21 Authority to Issue Shares w/o For For Management
Preemptive Rights
22 Authority to Issue Shares w/o For For Management
Preemptive Rights (Specified Capital
Investment)
23 Authority to Repurchase Shares For For Management
24 Authority to Set General Meeting For Against Management
Notice Period at 14 Days
--------------------------------------------------------------------------------
DBS GROUP HOLDINGS LTD
Ticker: D05 Security ID: Y20246107
Meeting Date: MAR 31, 2022 Meeting Type: Annual
Record Date: MAR 29, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1 Accounts and Reports For For Management
2 Allocation of Profits/Dividends For For Management
3 Directors' Fees For For Management
4 Appointment of Auditor and Authority For For Management
to Set Fees
5 Elect CHO Bonghan For For Management
6 Elect Olivier LIM Tse Ghow For For Management
7 Elect Tham Sai Choy For For Management
8 Elect CHNG Kai Fong For For Management
9 Elect Judy Lee For For Management
10 Authority To Grant Awards And Issue For For Management
Shares Under The Dbsh Share Plan
11 Authority to Issues Share under The For For Management
California Sub-Plan
12 Authority to Issue Shares w/ or w/o For For Management
Preemptive Rights
13 Authority To Issue Shares Pursuant To For For Management
The Dbsh Scrip Dividend Scheme
14 Authority to Repurchase and Reissue For For Management
Shares
--------------------------------------------------------------------------------
DEERE & COMPANY
Ticker: DE Security ID: 244199105
Meeting Date: FEB 23, 2022 Meeting Type: Annual
Record Date: DEC 31, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect Leanne G. Caret For For Management
1B. Elect Tamra A. Erwin For For Management
1C. Elect Alan C. Heuberger For For Management
1D. Elect Charles O. Holliday, Jr. For For Management
1E. Elect Michael O. Johanns For For Management
1F. Elect Clayton M. Jones For For Management
1G. Elect John C. May For For Management
1H. Elect Gregory R. Page For For Management
1I. Elect Sherry M. Smith For For Management
1J. Elect Dmitri L. Stockton For For Management
1K. Elect Sheila G. Talton For For Management
2. Advisory Vote on Executive Compensation For For Management
3. Ratification of Auditor For For Management
4. Approval of the Non-Employee Director For For Management
Stock Ownership Plan
5. Shareholder Proposal Regarding Length Against For Shareholder
of Share Ownership Required to Call
Special Meetings
--------------------------------------------------------------------------------
DIAGEO PLC
Ticker: DGE Security ID: G42089113
Meeting Date: SEP 30, 2021 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
O1 Accounts and Reports For For Management
O2 Remuneration Report (Advisory) For For Management
O3 Final Dividend For For Management
O4 Elect Lavanya Chandrashekar For For Management
O5 Elect Valerie Chapoulaud-Floquet For For Management
O6 Elect Sir John A. Manzoni For For Management
O7 Elect Ireena Vittal For Against Management
O8 Elect Melissa Bethell For For Management
O9 Elect Javier Ferran For For Management
O10 Elect Susan Kilsby For For Management
O11 Elect Lady Nicola Mendelsohn For For Management
O12 Elect Ivan Menezes For For Management
O13 Elect Alan Stewart For For Management
O14 Appointment of Auditor For For Management
O15 Authority to Set Auditor's Fees For For Management
O16 Authorisation of Political Donations For For Management
O17 Authority to Issue Shares w/ For For Management
Preemptive Rights
S18 Authority to Issue Shares w/o For For Management
Preemptive Rights
S19 Authority to Repurchase Shares For For Management
S20 Authority to Set General Meeting For Against Management
Notice Period at 14 Days
--------------------------------------------------------------------------------
ECOLAB INC.
Ticker: ECL Security ID: 278865100
Meeting Date: MAY 05, 2022 Meeting Type: Annual
Record Date: MAR 08, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect Shari L Ballard For For Management
1B. Elect Barbara J. Beck For For Management
1C. Elect Christophe Beck For For Management
1D. Elect Jeffrey M. Ettinger For For Management
1E. Elect Arthur J. Higgins For For Management
1F. Elect Michael Larson For For Management
1G. Elect David W. MacLennan For For Management
1H. Elect Tracy B. McKibben For For Management
1I. Elect Lionel L. Nowell, III For For Management
1J. Elect Victoria J. Reich For For Management
1K. Elect Suzanne M. Vautrinot For For Management
1L. Elect John J. Zillmer For Against Management
2 Ratification of Auditor For For Management
3 Advisory Vote on Executive Compensation For For Management
4 Shareholder Proposal Regarding Right Against Against Shareholder
to Call Special Meetings
--------------------------------------------------------------------------------
GLAXOSMITHKLINE PLC
Ticker: GSK Security ID: G3910J112
Meeting Date: MAY 04, 2022 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accounts and Reports For For Management
2 Remuneration Report For For Management
3 Remuneration Policy For For Management
4 Elect Anne Beal For For Management
5 Elect Harry Dietz For For Management
6 Elect Sir Jonathan R. Symonds For For Management
7 Elect Emma N. Walmsley For For Management
8 Elect Charles A. Bancroft For For Management
9 Elect Manvinder S. Banga For For Management
10 Elect Hal V. Barron For For Management
11 Elect Dame Vivienne Cox For For Management
12 Elect Lynn L. Elsenhans For For Management
13 Elect Laurie H. Glimcher For For Management
14 Elect Jesse Goodman For For Management
15 Elect Iain J. Mackay For For Management
16 Elect Urs Rohner For For Management
17 Appointment of Auditor For For Management
18 Authority to Set Auditor's Fees For For Management
19 Authorisation of Political Donations For For Management
20 Authority to Issue Shares w/ For For Management
Preemptive Rights
21 Authority to Issue Shares w/o For For Management
Preemptive Rights
22 Authority to Issue Shares w/o For For Management
Preemptive Rights (Specified Capital
Investment)
23 Authority to Repurchase Shares For For Management
24 Approve exemption from statement of For For Management
the senior statutory auditor's name in
published auditors' reports
25 Authority to Set General Meeting For Against Management
Notice Period at 14 Days
26 Share Save Plan 2022 For For Management
27 Share Reward Plan 2022 For For Management
28 Adoption of New Articles For For Management
--------------------------------------------------------------------------------
IBERDROLA
Ticker: IBE Security ID: E6165F166
Meeting Date: JUN 16, 2022 Meeting Type: Ordinary
Record Date: JUN 10, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1 Accounts For For Management
2 Management Reports For For Management
3 Report on Non-Financial Information For For Management
4 Ratification of Board Acts For For Management
5 Appointment of Auditor For For Management
6 Amendments to Articles (Social For For Management
Dividend)
7 Amendments to Articles (Engagement For For Management
Dividend)
8 Amendments to General Meeting For For Management
Regulations (Engagement Dividend)
9 Special Dividend (Engagement Dividend) For For Management
10 Allocation of Profits/Dividends For For Management
11 First Scrip Dividend For For Management
12 Second Scrip Dividend For For Management
13 Authority to Cancel Treasury Shares For For Management
and Reduce Capital
14 Remuneration Report For For Management
15 Elect Anthony L. Gardner For For Management
16 Ratify Co-Option and Elect Maria For For Management
Angeles Alcala Diaz
17 Ratify Co-Option and Elect Isabel For For Management
Garcia Tejerina
18 Board Size For For Management
19 Authority to Repurchase and Reissue For For Management
Shares
20 Authorisation of Legal Formalities For For Management
--------------------------------------------------------------------------------
INDUSTRIA DE DISENO TEXTIL SA
Ticker: ITX Security ID: E6282J125
Meeting Date: JUL 13, 2021 Meeting Type: Ordinary
Record Date: JUL 08, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1 Individual Accounts and Reports For For Management
2 Consolidated Accounts and Reports; For For Management
Ratification of Board Acts
3 Report on Non-Financial Information For For Management
4 Allocation of Profits/Dividends For For Management
5 Elect Jose Arnau Sierra For For Management
6 Appointment of Auditor For For Management
7.A Amendments to Articles (Shareholder For For Management
Identification)
7.B Amendments to Articles (General For For Management
Meetings)
7.C Amendments to Articles (Board of For For Management
Directors)
7.D Amendments to Articles (Technical) For For Management
7.E Approval of Consolidated Text of For For Management
Articles
8 Amendments to General Meeting For For Management
Regulations
9 Remuneration Policy For For Management
10 2021-2025 Long-Term Incentive Plan For For Management
11 Remuneration Report For For Management
12 Authorisation of Legal Formalities For For Management
13 Presentation of Report on Amendments For For Management
to Board Regulations
--------------------------------------------------------------------------------
ING GROEP N.V.
Ticker: INGA Security ID: N4578E595
Meeting Date: APR 25, 2022 Meeting Type: Annual
Record Date: MAR 28, 2022
# Proposal Mgt Rec Vote Cast Sponsor
2D. Remuneration Report For For Management
2E. Accounts and Reports For For Management
3B. Allocation of Profits/Dividends For For Management
4A. Ratification of Management Board Acts For For Management
4B. Ratification of Supervisory Board Acts For For Management
6A. Authority to Issue Shares w/ For For Management
Preemptive Rights
6B. Authority to Issue Shares w/ or w/o For For Management
Preemptive Rights
7 Authority to Repurchase Shares For For Management
8A. Authority to Cancel Repurchased Shares For For Management
8B. Reduction in Authorised Capital For For Management
9 Authority to Reduce Issued Share For For Management
Capital
--------------------------------------------------------------------------------
KONINKLIJKE DSM NV
Ticker: DSM Security ID: N5017D122
Meeting Date: MAY 10, 2022 Meeting Type: Annual
Record Date: APR 12, 2022
# Proposal Mgt Rec Vote Cast Sponsor
3 Remuneration Report For For Management
4 Accounts and Reports For For Management
5.b. Reserves and Dividend Policy For For Management
6.a. Ratification of Management Board Acts For For Management
6.b. Ratification of Supervisory Board Acts For For Management
7 Elect Geraldine Matchett to the For For Management
Management Board
8 Elect Eileen T. Kennedy to the For For Management
Supervisory Board
9 Appointment of Auditor For For Management
10.a. Authority to Issue Shares w/o For For Management
Preemptive Rights
10.b. Authority to Issue Shares w/ For For Management
Preemptive Rights in Connection with a
Rights Issue
11 Authority to Repurchase Shares For For Management
12 Cancellation of Shares For For Management
--------------------------------------------------------------------------------
MERCK & CO., INC.
Ticker: MRK Security ID: 58933Y105
Meeting Date: MAY 24, 2022 Meeting Type: Annual
Record Date: MAR 25, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect Douglas M. Baker, Jr. For For Management
1B. Elect Mary Ellen Coe For For Management
1C. Elect Pamela J. Craig For Against Management
1D. Elect Robert M. Davis For For Management
1E. Elect Kenneth C. Frazier For For Management
1F. Elect Thomas H. Glocer For For Management
1G. Elect Risa Lavizzo-Mourey For For Management
1H. Elect Stephen L. Mayo For For Management
1I. Elect Paul B. Rothman For For Management
1J. Elect Patricia F. Russo For Against Management
1K. Elect Christine E. Seidman For For Management
1L. Elect Inge G. Thulin For For Management
1M. Elect Kathy J. Warden For For Management
1N. Elect Peter C. Wendell For For Management
2 Advisory Vote on Executive Compensation For For Management
3 Ratification of Auditor For For Management
4 Shareholder Proposal Regarding Against For Shareholder
Independent Chair
5 Shareholder Proposal Regarding Report Against Against Shareholder
on Access to COVID-19 Products
6 Shareholder Proposal Regarding Against Against Shareholder
Lobbying Activities and Values
Congruency
--------------------------------------------------------------------------------
MICHELIN (CGDE)-B
Ticker: ML Security ID: F61824144
Meeting Date: MAY 13, 2022 Meeting Type: Mix
Record Date: MAY 10, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1 Accounts and Reports For For Management
2 Allocation of Profits/Dividends For For Management
3 Consolidated Accounts and Reports For For Management
4 Special Auditors Report on Regulated For For Management
Agreements
5 Authority to Repurchase and Reissue For For Management
Shares
6 2022 Remuneration Policy (Managers) For For Management
7 2022 Remuneration Policy (Supervisory For For Management
Board)
8 2021 Remuneration Report For For Management
9 2021 Remuneration of Florent Menegaux, For For Management
General Managing Partner and CEO
10 2021 Remuneration of Yves Chapot, For For Management
General Manager
11 2021 Remuneration of Barbara Dalibard, For For Management
Supervisory Board Chair (from May 21,
2021)
12 2021 Remuneration of Michel Rollier, For For Management
Supervisory Board Chair (until May 21,
2021)
13 Elect Thierry Le Henaff For For Management
14 Elect Monique F. Leroux For For Management
15 Elect Jean-Michel Severino For For Management
16 2022 Supervisory Board Fees For For Management
17 Appointment of Auditor For For Management
(PricewaterhouseCoopers); Non-Renewal
of Alternate Auditor (Jean-Baptiste
Deschryver)
18 Appointment of Auditor (Deloitte); For For Management
Non-Renewal of Alternate Auditor (B.E.
A.S.)
19 Authority to Issue Shares and For For Management
Convertible Debt w/ Preemptive Rights
20 Authority to Issue Shares and For For Management
Convertible Debt w/o Preemptive Rights
21 Authority to Issue Shares and For For Management
Convertible Debt Through Private
Placement
22 Authority to Set Offering Price of For For Management
Shares
23 Greenshoe For For Management
24 Authority to Increase Capital Through For For Management
Capitalisations
25 Authority to Increase Capital in For For Management
Consideration for Contributions In
Kind and in Case of Exchange Offer
26 Employee Stock Purchase Plan For For Management
27 Global Ceiling on Capital Increases For For Management
and Debt Issuances
28 Authority to Cancel Shares and Reduce For For Management
Capital
29 Stock Split For For Management
30 Authorisation of Legal Formalities For For Management
--------------------------------------------------------------------------------
MICROSOFT CORPORATION
Ticker: MSFT Security ID: 594918104
Meeting Date: NOV 30, 2021 Meeting Type: Annual
Record Date: SEP 30, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect Reid G. Hoffman For For Management
1B. Elect Hugh F. Johnston For For Management
1C. Elect Teri L. List For For Management
1D. Elect Satya Nadella For For Management
1E. Elect Sandra E. Peterson For For Management
1F. Elect Penny S. Pritzker For For Management
1G. Elect Carlos A. Rodriguez For For Management
1H. Elect Charles W. Scharf For For Management
1I. Elect John W. Stanton For For Management
1J. Elect John W. Thompson For For Management
1K. Elect Emma N. Walmsley For For Management
1L. Elect Padmasree Warrior For For Management
2. Advisory Vote on Executive Compensation For For Management
3. Approval of the Employee Stock For For Management
Purchase Plan
4. Ratification of Auditor For For Management
5. Shareholder Proposal Regarding Median Against Against Shareholder
Gender and Racial Pay Equity Report
6. Shareholder Proposal Regarding Report Against For Shareholder
on Effectiveness of Workplace Sexual
Harassment Policies
7. Shareholder Proposal Regarding Against Against Shareholder
Prohibition of Facial Recognition
Technology Sales to Government Entities
8. Shareholder Proposal Regarding Against Against Shareholder
Implementation of the Fair Chance
Business Pledge
9. Shareholder Proposal Regarding Report Against For Shareholder
on Alignment of Lobbying Activities
with Company Policies
--------------------------------------------------------------------------------
MITSUBISHI UFJ FINANCIAL GROUP INC.
Ticker: 8306 Security ID: J44497105
Meeting Date: JUN 29, 2022 Meeting Type: Annual
Record Date: MAR 31, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1 Allocation of Profits/Dividends For For Management
2 Amendments to Articles For For Management
3a. Elect Mariko Fujii For For Management
3b. Elect Keiko Honda For For Management
3c. Elect Kaoru Kato For For Management
3d. Elect Satoko Kuwabara Satoko Ota For For Management
3e. Elect Toby S. Myerson For For Management
3f. Elect Hirofumi Nomoto For For Management
3g. Elect Yasushi Shingai For For Management
3h. Elect Koichi Tsuji For For Management
3i. Elect Tarisa Watanagase For For Management
3j. Elect Ritsuo Ogura For For Management
3k. Elect Kenichi Miyanaga For For Management
3l. Elect Kanetsugu Mike For For Management
3m. Elect Hironori Kamezawa For For Management
3n. Elect Iwao Nagashima For For Management
3o. Elect Junichi Hanzawa For For Management
3p. Elect Makoto Kobayashi For For Management
4 Shareholder Proposal Regarding Against Against Shareholder
Disallow of Loans to Companies Leaking
Personal Information
5 Shareholder Proposal Regarding Against Against Shareholder
Disallow of Loans to Companies
Involved in Defamation
6 Shareholder Proposal Regarding System Against Against Shareholder
Failures
--------------------------------------------------------------------------------
NATIONAL GRID PLC
Ticker: NG. Security ID: G6S9A7120
Meeting Date: JUL 26, 2021 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accounts and Reports For For Management
2 Final Dividend For For Management
3 Elect Paula Rosput Reynolds For For Management
4 Elect John Pettigrew For For Management
5 Elect Andy Agg For For Management
6 Elect Mark Williamson For For Management
7 Elect Jonathan Dawson For For Management
8 Elect Therese Esperdy For For Management
9 Elect Liz Hewitt For For Management
10 Elect Amanda Mesler For For Management
11 Elect Earl L. Shipp For For Management
12 Elect Jonathan SIlver For For Management
13 Appointment of Auditor For For Management
14 Authority to Set Auditor's Fees For For Management
15 Remuneration Report (Advisory) For For Management
16 Authorisation of Political Donations For For Management
17 Authority to Issue Shares w/ For For Management
Preemptive Rights
18 Approval of Long-Term Incentive Plan For For Management
19 US Employee Stock Purchase Plan For For Management
20 Approval of the Company's Net Zero For For Management
Commitment and Associated Climate
Targets
21 Authority to Issue Shares w/o For For Management
Preemptive Rights
22 Authority to Issue Shares w/o For For Management
Preemptive Rights (Specified Capital
Investment)
23 Authority to Repurchase Shares For For Management
24 Authority to Set General Meeting For Against Management
Notice Period at 14 Days
25 Adoption of New Articles For For Management
--------------------------------------------------------------------------------
NORTHERN TRUST CORPORATION
Ticker: NTRS Security ID: 665859104
Meeting Date: APR 26, 2022 Meeting Type: Annual
Record Date: FEB 28, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect Linda Walker Bynoe For For Management
1B. Elect Susan Crown For For Management
1C. Elect Dean M. Harrison For For Management
1D. Elect Jay L. Henderson For For Management
1E. Elect Marcy S. Klevorn For For Management
1F. Elect Siddharth N. Mehta For For Management
1G. Elect Michael G. O'Grady For For Management
1H. Elect Jose Luis Prado For For Management
1I. Elect Martin P. Slark For For Management
1J. Elect David H. B. Smith, Jr. For For Management
1K. Elect Donald Thompson For For Management
1L. Elect Charles A. Tribbett III For For Management
2 Advisory Vote on Executive Compensation For For Management
3 Ratification of Auditor For For Management
--------------------------------------------------------------------------------
NOVARTIS AG
Ticker: NOVN Security ID: H5820Q150
Meeting Date: MAR 04, 2022 Meeting Type: Annual
Record Date: MAR 01, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1. Accounts and Reports For For Management
2. Ratification of Board and Management For For Management
Acts
3. Allocation of Profits/Dividends For For Management
4. Cancellation of Shares and Reduction For For Management
in Share Capital
5. Authority to Repurchase Shares For For Management
6A. Board Compensation For For Management
6B. Executive Compensation For For Management
6C. Compensation Report For For Management
7A. Elect Jorg Reinhardt As Board Chair For For Management
7B. Elect Nancy C. Andrews For For Management
7C. Elect Ton Buchner For For Management
7D. Elect Patrice Bula For For Management
7E. Elect Elizabeth Doherty For For Management
7F. Elect Bridgette P. Heller For For Management
7G. Elect Frans van Houten For For Management
7H. Elect Simon Moroney For For Management
7I. Elect Andreas von Planta For For Management
7J. Elect Charles L. Sawyers For For Management
7K. Elect William T. Winters For For Management
7L. Elect Ana de Pro Gonzalo For For Management
7M. Elect Daniel Hochstrasser For For Management
8A. Elect Patrice Bula as Compensation For For Management
Committee Member
8B. Elect Bridgette P. Heller as For For Management
Compensation Committee Member
8C. Elect Simon Moroney as Compensation For For Management
Committee Member
8D. Elect William T. Winters as For For Management
Compensation Committee Member
9. Appointment of Auditor For For Management
10. Appointment of Independent Proxy For For Management
11. Additional or Amended Proposals N/A Against Management
--------------------------------------------------------------------------------
PROLOGIS, INC.
Ticker: PLD Security ID: 74340W103
Meeting Date: MAY 04, 2022 Meeting Type: Annual
Record Date: MAR 07, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect Hamid R. Moghadam For For Management
1B. Elect Cristina G. Bita For For Management
1C. Elect George L. Fotiades For For Management
1D. Elect Lydia H. Kennard For For Management
1E. Elect Irving F. Lyons, III For For Management
1F. Elect Avid Modjtabai For For Management
1G. Elect David P. O'Connor For For Management
1H. Elect Olivier Piani For For Management
1I. Elect Jeffrey L. Skelton For For Management
1J. Elect Carl B. Webb For For Management
1K. Elect William D. Zollars For For Management
2 Advisory Vote on Executive Compensation For For Management
3 Ratification of Auditor For For Management
--------------------------------------------------------------------------------
RECRUIT HOLDINGS CO.,LTD.
Ticker: 6098 Security ID: J6433A101
Meeting Date: JUN 21, 2022 Meeting Type: Annual
Record Date: MAR 31, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Masumi Minegishi For For Management
1.2 Elect Hisayuki Idekoba For For Management
1.3 Elect Ayano Senaha For For Management
1.4 Elect Rony Kahan For For Management
1.5 Elect Naoki Izumiya For For Management
1.6 Elect Hiroki Totoki For For Management
1.7 Elect Keiko Honda For For Management
2.1 Elect Takashi Nishimura as Statutory For For Management
Auditor
2.2 Elect Miho Tanaka Miho Takahashi as For For Management
Alternate Statutory Auditor
3 Amendments to Articles For For Management
--------------------------------------------------------------------------------
SCHNEIDER ELECTRIC SE
Ticker: SU Security ID: F86921107
Meeting Date: MAY 05, 2022 Meeting Type: Mix
Record Date: MAY 02, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1 Accounts and Reports; Non For For Management
Tax-Deductible Expenses
2 Consolidated Accounts and Reports For For Management
3 Allocation of Profits/Dividends For For Management
4 Special Auditors Report on Regulated For For Management
Agreements
5 Appointment of Auditor (Mazars); For For Management
Non-Renewal of Alternate Auditor
(Thierry Blanchetier)
6 Appointment of Auditor For For Management
(PricewaterhouseCoopers); Non-Renewal
of Alternate Auditor (Auditex)
7 2021 Remuneration Report For For Management
8 2021 Remuneration of Jean-Pascal For For Management
Tricoire, Chair and CEO
9 2022 Remuneration Policy (Chair and For For Management
CEO)
10 2022 Remuneration Policy (Board of For For Management
Directors)
11 Elect Linda Knoll For For Management
12 Elect Anders Runevad For For Management
13 Elect Nivedita Krishnamurthy Bhagat For For Management
14 Authority to Repurchase and Reissue For For Management
Shares
15 Authority to Issue Performance Shares For For Management
16 Employee Stock Purchase Plan For For Management
17 Stock Purchase Plan for Overseas For For Management
Employees
18 Merger by Absorption of IGEXAO For For Management
19 Authorisation of Legal Formalities For For Management
--------------------------------------------------------------------------------
STARBUCKS CORPORATION
Ticker: SBUX Security ID: 855244109
Meeting Date: MAR 16, 2022 Meeting Type: Annual
Record Date: JAN 06, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect Richard E. Allison, Jr. For For Management
1B. Elect Andrew Campion For For Management
1C. Elect Mary N. Dillon For For Management
1D. Elect Isabel Ge Mahe For For Management
1E. Elect Mellody Hobson For For Management
1F. Elect Kevin R. Johnson For For Management
1G. Elect Jorgen Vig Knudstorp For For Management
1H. Elect Satya Nadella For For Management
1I. Elect Joshua Cooper Ramo For For Management
1J. Elect Clara Shih For For Management
1K. Elect Javier G. Teruel For For Management
2. Amendment to the 2005 Long-Term Equity For For Management
Incentive Plan
3. Advisory Vote on Executive Compensation For For Management
4. Ratification of Auditor For For Management
5. Shareholder Proposal Regarding Report Against For Shareholder
on Effectiveness of Workplace Sexual
Harassment and Discrimination Policies
--------------------------------------------------------------------------------
TAIWAN SEMICONDUCTOR MANUFACTURING CO., LTD.
Ticker: 2330 Security ID: Y84629107
Meeting Date: JUN 08, 2022 Meeting Type: Annual
Record Date: APR 08, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1) To Accept 2021 Business Report And For For Management
Financial Statements
2) To Revise The Articles Of Incorporation For For Management
3) To Revise The Procedures For For For Management
Acquisition Or Disposal Of Assets
4) To Approve The Issuance Of Employee For For Management
Restricted Stock Awards For Year 2022
--------------------------------------------------------------------------------
TEXAS INSTRUMENTS INCORPORATED
Ticker: TXN Security ID: 882508104
Meeting Date: APR 28, 2022 Meeting Type: Annual
Record Date: MAR 02, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect Mark A. Blinn For For Management
1B. Elect Todd M. Bluedorn For For Management
1C. Elect Janet F. Clark For For Management
1D. Elect Carrie S. Cox For For Management
1E. Elect Martin S. Craighead For For Management
1F. Elect Jean M. Hobby For For Management
1G. Elect Michael D. Hsu For For Management
1H. Elect Haviv Ilan For For Management
1I. Elect Ronald Kirk For For Management
1J. Elect Pamela H. Patsley For Against Management
1K. Elect Robert E. Sanchez For For Management
1L. Elect Richard K. Templeton For For Management
2 Advisory Vote on Executive Compensation For Against Management
3 Ratification of Auditor For For Management
4 Shareholder Proposal Regarding Right Against For Shareholder
to Call Special Meetings
--------------------------------------------------------------------------------
THE BANK OF NOVA SCOTIA
Ticker: BNS Security ID: 064149107
Meeting Date: APR 05, 2022 Meeting Type: Annual
Record Date: FEB 08, 2022
# Proposal Mgt Rec Vote Cast Sponsor
101 Elect Nora A. Aufreiter For For Management
102 Elect Guillermo E. Babatz For For Management
103 Elect Scott B. Bonham For For Management
104 Elect Daniel H. Callahan For For Management
105 Elect Lynn K. Patterson For For Management
106 Elect Michael D. Penner For For Management
107 Elect Brian J. Porter For For Management
108 Elect Una M. Power For For Management
109 Elect Aaron W. Regent For For Management
110 Elect Calin Rovinescu For For Management
111 Elect Susan L. Segal For For Management
112 Elect L. Scott Thomson For Withhold Management
113 Elect Benita M. Warmbold For For Management
2 Appointment of Auditor For For Management
3 Advisory Vote on Executive Compensation For For Management
4 Increase of Shares under the Stock For For Management
Option Plan
5 Amendment to Stock Option Plan For For Management
6 Shareholder Proposal Regarding Against Against Shareholder
Becoming a Benefit Company
7 Shareholder Proposal Regarding Say on Against For Shareholder
Climate
8 Shareholder Proposal Regarding Against For Shareholder
Formation of a Climate Change and
Environment Committee
9 Shareholder Proposal Regarding French Against Against Shareholder
as Official Company Language
--------------------------------------------------------------------------------
THE HOME DEPOT, INC.
Ticker: HD Security ID: 437076102
Meeting Date: MAY 19, 2022 Meeting Type: Annual
Record Date: MAR 21, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect Gerard J. Arpey For For Management
1B. Elect Ari Bousbib For For Management
1C. Elect Jeffery H. Boyd For For Management
1D. Elect Gregory D. Brenneman For For Management
1E. Elect J. Frank Brown For For Management
1F. Elect Albert P. Carey For For Management
1G. Elect Edward P. Decker For For Management
1H. Elect Linda R. Gooden For For Management
1I. Elect Wayne M. Hewett For For Management
1J. Elect Manuel Kadre For For Management
1K. Elect Stephanie C. Linnartz For For Management
1L. Elect Craig A. Menear For For Management
1M. Elect Paula Santilli For For Management
1N. Elect Caryn Seidman-Becker For For Management
2 Ratification of Auditor For For Management
3 Advisory Vote on Executive Compensation For For Management
4 Amendment to the Omnibus Stock For For Management
Incentive Plan
5 Shareholder Proposal Regarding Right Against Against Shareholder
to Call Special Meetings
6 Shareholder Proposal Regarding Against Against Shareholder
Independent Chair
7 Shareholder Proposal Regarding Report Against Against Shareholder
on Political Expenditures and Values
Congruency
8 Shareholder Proposal Regarding Board Against Against Shareholder
Diversity
9 Shareholder Proposal Regarding Against For Shareholder
Deforestation Report
10 Shareholder Proposal Regarding Racial Against For Shareholder
Equity Audit
--------------------------------------------------------------------------------
THE PROGRESSIVE CORPORATION
Ticker: PGR Security ID: 743315103
Meeting Date: MAY 13, 2022 Meeting Type: Annual
Record Date: MAR 18, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect Philip F. Bleser For For Management
1B. Elect Stuart B. Burgdoerfer For For Management
1C. Elect Pamela J. Craig For For Management
1D. Elect Charles A. Davis For For Management
1E. Elect Roger N. Farah For For Management
1F. Elect Lawton W. Fitt For For Management
1G. Elect Susan Patricia Griffith For For Management
1H. Elect Devin C. Johnson For For Management
1I. Elect Jeffrey D. Kelly For For Management
1J. Elect Barbara R. Snyder For For Management
1K. Elect Jan E. Tighe For For Management
1L. Elect Kahina Van Dyke For For Management
2 Amendment to the 2017 Directors Equity For For Management
Incentive Plan
3 Advisory Vote on Executive Compensation For For Management
4 Ratification of Auditor For For Management
--------------------------------------------------------------------------------
TRANE TECHNOLOGIES PLC
Ticker: TT Security ID: G8994E103
Meeting Date: JUN 02, 2022 Meeting Type: Annual
Record Date: APR 08, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1a. Elect Kirk E. Arnold For For Management
1b. Elect Ann C. Berzin For For Management
1c. Elect April Miller Boise For For Management
1d. Elect John Bruton For For Management
1e. Elect Jared L. Cohon For For Management
1f. Elect Gary D. Forsee For For Management
1g. Elect Linda P. Hudson For For Management
1h. Elect Myles Lee For For Management
1i. Elect David S. Regnery For For Management
1j. Elect John P. Surma For For Management
1k. Elect Tony L. White For For Management
2 Advisory Vote on Executive Compensation For For Management
3 Appointment of Auditor and Authority For For Management
to Set Fees
4 Authority to Issue Shares w/ For For Management
Preemptive Rights
5 Authority to Issue Shares w/o For For Management
Preemptive Rights
6 Set the Price Range at which the For For Management
Company can Re-Allot Treasury Shares
--------------------------------------------------------------------------------
VESTAS WIND SYSTEMS A/S
Ticker: VWS Security ID: K9773J201
Meeting Date: APR 05, 2022 Meeting Type: Annual
Record Date: MAR 29, 2022
# Proposal Mgt Rec Vote Cast Sponsor
2 Accounts and Reports For For Management
3 Allocation of Profits/Dividends For For Management
4 Remuneration Report For For Management
5 Directors' Fees For For Management
6.1 Elect Anders Runevad For For Management
6.2 Elect Bert Nordberg For Against Management
6.3 Elect Bruce Grant For For Management
6.4 Elect Eva Merete Sofelde Berneke For For Management
6.5 Elect Helle Thorning-Schmidt For For Management
6.6 Elect Karl-Henrik Sundstrom For For Management
6.7 Elect Kentaro Hosomi For For Management
6.8 Elect Lena Olving For Against Management
7 Appointment of Auditor For For Management
8.1 Authority to Repurchase Shares For For Management
9 Authorization of Legal Formalities For For Management
--------------------------------------------------------------------------------
VISA INC.
Ticker: V Security ID: 92826C839
Meeting Date: JAN 25, 2022 Meeting Type: Annual
Record Date: NOV 26, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1A. Elect Lloyd A. Carney For Against Management
1B. Elect Mary B. Cranston For For Management
1C. Elect Francisco Javier For For Management
Fernandez-Carbajal
1D. Elect Alfred F. Kelly, Jr. For For Management
1E. Elect Ramon L. Laguarta For For Management
1F. Elect John F. Lundgren For For Management
1G. Elect Robert W. Matschullat For For Management
1H. Elect Denise M. Morrison For For Management
1I. Elect Linda Rendle For For Management
1J. Elect Maynard G. Webb For For Management
2. Advisory Vote on Executive Compensation For Against Management
3. Ratification of Auditor For For Management
--------------------------------------------------------------------------------
WOLTERS KLUWER NV
Ticker: WKL Security ID: N9643A197
Meeting Date: APR 21, 2022 Meeting Type: Annual
Record Date: MAR 24, 2022
# Proposal Mgt Rec Vote Cast Sponsor
2.c. Remuneration Report For For Management
3.a. Accounts and Reports For For Management
3.c. Allocation of Profits/Dividends For For Management
4.a. Ratification of Management Board Acts For For Management
4.b. Ratification of Supervisory Board Acts For For Management
5 Elect Heleen H. Kersten to the For For Management
Supervisory Board
6 Supervisory Board Remuneration Policy For For Management
7.a. Authority to Issue Shares w/ For For Management
Preemptive Rights
7.b. Authority to Suppress Preemptive Rights For For Management
8 Authority to Repurchase Shares For For Management
9 Cancellation of Shares For For Management
10 Appointment of Auditor For For Management
========== END NPX REPORT
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
VANGUARD SPECIALIZED FUNDS
By: /s/Mortimer J. Buckley
Mortimer J. Buckley*
Chief Executive Officer, President, and Trustee
Date: August 26, 2022
*By: /s/Anne E. Robinson
Anne E. Robinson, pursuant to a Power of Attorney filed on November 29, 2021
(see File Number 33-64845) and a Power of Attorney filed on August 26, 2021 (see
file Number 811-02652), Incorporated by Reference.