# EDGAR Filing Document

**Accession Number:** 0001290668
**File Stem:** 0001290668-25-000005
**Filing Date:** 2025-8
**Character Count:** 38794
**Document Hash:** 9209f662ebb5ecb952b417a75e8764fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001290668-25-000005.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001290668-25-000005

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**EFFECTIVENESS DATE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sustainable Growth Advisers, LP
- **CENTRAL INDEX KEY:** 0001290668

**ORGANIZATION NAME:**
- **EIN:** 050571266
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1204

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11076
- **FILM NUMBER:** 251271938

**BUSINESS ADDRESS:**
- **STREET 1:** 301 TRESSER BLVD.
- **STREET 2:** SUITE 1310
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** 203-348-4742

**MAIL ADDRESS:**
- **STREET 1:** 301 TRESSER BLVD.
- **STREET 2:** SUITE 1310
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001290668

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Sustainable Growth Advisers, LP

**Address:** 301 Tresser Boulevard, Stamford, CT 06901

**Telephone number:** 203.348.4742

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-11076

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                  | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                                                                                                                                                                                                                                                                     | VOTE CATEGORY                |     SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Autodesk, Inc.                  | 052769106 | 07/16/2024     | Approve, on an advisory (non-binding) basis, the compensation of Autodesk, Inc.'s named executive officers.                                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |      2.4009e+06  |                0 | FOR         |                              2.4009e+06  | FOR                         |  |
| Linde Plc                       | G54950103 | 07/30/2024     | To approve, on an advisory and non-binding basis, the compensation of Linde plc's Named Executive Officers, as disclosed in the 2024 Proxy statement.                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 199541           |                0 | FOR         |                         199541           | FOR                         |  |
| STERIS plc                      | G8473T100 | 08/01/2024     | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers as disclosed pursuant to the disclosure rules of the U.S. Securities and Exchange Commission, including the compensation discussion and analysis and the tabular and narrative disclosure contained in the Company's proxy statement dated June 12, 2024.                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 625302           |              100 | FOR         |                         625302           | FOR                         |  |
| Microsoft Corporation           | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote")                                                                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      2.69726e+06 |                0 | FOR         |                              2.69726e+06 | FOR                         |  |
| Atlassian Corporation           | 049468101 | 12/11/2024     | An advisory vote to approve the compensation of our named executive officers for the fiscal year ended June 30, 2024.                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 639248           |                0 | FOR         |                         639248           | FOR                         |  |
| Intuit Inc.                     | 461202103 | 01/23/2025     | Advisory vote to approve Intuit's executive compensation (say-on-pay)                                                                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      1.12862e+06 |                0 | FOR         |                              1.12862e+06 | FOR                         |  |
| Visa Inc.                       | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      3.25804e+06 |            31376 | FOR         |                              3.25804e+06 | FOR                         |  |
| Apple Inc.                      | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      1.88937e+06 |                0 | FOR         |                              1.88937e+06 | FOR                         |  |
| Starbucks Corporation           | 855244109 | 03/12/2025     | Approve, on an advisory, nonbinding basis, the compensation of our named executive officers                                                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |      1.94247e+06 |                0 | FOR         |                              1.94247e+06 | FOR                         |  |
| Synopsys, Inc.                  | 871607107 | 04/10/2025     | To approve, on an advisory basis, the compensation of our named executive officers, as disclosed in the attached Proxy Statement.                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      1.13939e+06 |                0 | FOR         |                              1.13939e+06 | FOR                         |  |
| The Sherwin-Williams Company    | 824348106 | 04/16/2025     | Advisory approval of the compensation of the named executive officers.                                                                                                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |    583.196       |                0 | FOR         |                            583.196       | FOR                         |  |
| Adobe Inc.                      | 00724F101 | 04/22/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |      5           |                0 | FOR         |                              5           | FOR                         |  |
| MSCI Inc.                       | 55354G100 | 04/22/2025     | To approve, by advisory vote, our executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 557237           |                0 | FOR         |                         557237           | FOR                         |  |
| Revvity, Inc.                   | 714046109 | 04/22/2025     | To approve, by non-binding advisory vote, our executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |    220           |                0 | FOR         |                            220           | FOR                         |  |
| Eaton Corporation plc           | G29183103 | 04/23/2025     | Approving, on an advisory basis, the Company's executive compensation.                                                                                                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |    689           |                0 | FOR         |                            689           | FOR                         |  |
| IQVIA Holdings Inc.             | 46266C105 | 04/24/2025     | Approve an advisory (non-binding) resolution to approve IQVIA'S executive compensation (say-on-pay).                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      1           |                0 | FOR         |                              1           | FOR                         |  |
| Johnson  Johnson                | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |   4202           |                0 | FOR         |                           4202           | FOR                         |  |
| Pfizer Inc.                     | 717081103 | 04/24/2025     | 2025 advisory approval of executive compensation                                                                                                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |   9890           |                0 | AGAINST     |                           9890           | AGAINST                     |  |
| Abbott Laboratories             | 002824100 | 04/25/2025     | Say on Pay - An Advisory Vote on the Approval of Executive Compensation                                                                                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |   3063           |                0 | FOR         |                           3063           | FOR                         |  |
| American Express Company        | 025816109 | 04/29/2025     | Approval, on an advisory basis, of the Company's executive compensation.                                                                                                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 785309           |                0 | FOR         |                         785309           | FOR                         |  |
| Ball Corporation                | 058498106 | 04/30/2025     | Approve, by non-binding vote, the compensation paid to the named executive officers.                                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |    149.783       |                0 | FOR         |                            149.783       | FOR                         |  |
| Aflac Incorporated              | 001055102 | 05/05/2025     | to consider the following non-binding advisory proposal:  "Resolved, on an advisory basis, the shareholders of Aflac Incorporated approve the compensation of the named executive officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis and accompanying tables and narrative in the Notice of 2025 Annual Meeting of Shareholders and Proxy Statement" | SECTION 14A SAY-ON-PAY VOTES |    871           |                0 | FOR         |                            871           | FOR                         |  |
| Eli Lilly and Company           | 532457108 | 05/05/2025     | Approval, on an advisory basis, of the compensation paid to the company's named executive officers.                                                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |   1375           |                0 | FOR         |                           1375           | FOR                         |  |
| Danaher Corporation             | 235851102 | 05/06/2025     | To approve on an advisory basis the Company's named executive officer compensation.                                                                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |      2.02183e+06 |                0 | FOR         |                              2.02183e+06 | FOR                         |  |
| PepsiCo, Inc.                   | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |   2394           |                0 | FOR         |                           2394           | FOR                         |  |
| S Global Inc.                   | 78409V104 | 05/07/2025     | Approve, on an advisory basis, the executive compensation program for the Company's named executive officers, as described in the Proxy Statement;                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |      1.18135e+06 |                0 | FOR         |                              1.18135e+06 | FOR                         |  |
| Ecolab Inc.                     | 278865100 | 05/08/2025     | Approve, on an advisory basis, the compensation of our named executive officers disclosed in the Proxy Statement.                                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 780156           |                0 | FOR         |                         780156           | FOR                         |  |
| Waste Management, Inc.          | 94106L109 | 05/13/2025     | Approval, on an advisory basis, of our executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      1.78392e+06 |                0 | FOR         |                              1.78392e+06 | FOR                         |  |
| Veralto Corp.                   | 92338C103 | 05/14/2025     | To approve on an advisory basis the Company's named executive officer compensation.                                                                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |     15           |                0 | FOR         |                             15           | FOR                         |  |
| Yum! Brands, Inc.               | 988498101 | 05/15/2025     | Advisory Vote on Executive Compensation.                                                                                                                                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      2.73406e+06 |                0 | FOR         |                              2.73406e+06 | FOR                         |  |
| Waste Connections, Inc.         | 94106B101 | 05/16/2025     | Say-on-Pay - Approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers as disclosed in the Company's Proxy Statement.                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  16844           |                0 | FOR         |                          16844           | FOR                         |  |
| Amazon.com, Inc.                | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      5.04999e+06 |                0 | FOR         |                              5.04999e+06 | FOR                         |  |
| Equinix, Inc.                   | 29444U700 | 05/21/2025     | Approval, by a non-binding advisory vote, of the compensation of our named executive officers                                                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |     59.471       |                0 | FOR         |                             59.471       | FOR                         |  |
| Mondelez International, Inc.    | 609207105 | 05/21/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |     57           |                0 | FOR         |                             57           | FOR                         |  |
| Thermo Fisher Scientific Inc.   | 883556102 | 05/21/2025     | An advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 598557           |                0 | AGAINST     |                         598557           | AGAINST                     |  |
| ServiceNow, Inc.                | 81762P102 | 05/22/2025     | Advisory vote to approve ServiceNow's named executive officer compensation.                                                                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 568962           |                0 | FOR         |                         568962           | FOR                         |  |
| Yum China Holdings, Inc.        | 98850P109 | 05/23/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |  47773           |                0 | FOR         |                          47773           | FOR                         |  |
| Meta Platforms, Inc.            | 30303M102 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement.                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      1.20513e+06 |                0 | FOR         |                              1.20513e+06 | FOR                         |  |
| Meta Platforms, Inc.            | 30303M102 | 05/28/2025     | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years.                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |      1.20513e+06 |                0 | ONE YEAR    |                              1.20513e+06 | AGAINST                     |  |
| Gartner, Inc.                   | 366651107 | 05/29/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 644584           |                0 | FOR         |                         644584           | FOR                         |  |
| UnitedHealth Group Incorporated | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      1.29441e+06 |                0 | FOR         |                              1.29441e+06 | FOR                         |  |
| Workday, Inc.                   | 98138H101 | 06/04/2025     | To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the Proxy Statement.                                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |      1.36928e+06 |                0 | AGAINST     |                              1.36928e+06 | AGAINST                     |  |
| Netflix, Inc.                   | 64110L106 | 06/05/2025     | Advisory approval of named executive officer compensation.                                                                                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 211028           |                0 | FOR         |                         211028           | FOR                         |  |
| Salesforce, Inc.                | 79466L302 | 06/05/2025     | Approval, on an advisory basis, of the fiscal 2025 compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |      1.20694e+06 |                0 | FOR         |                              1.20694e+06 | FOR                         |  |
| The TJX Companies, Inc.         | 872540109 | 06/10/2025     | Advisory approval of TJX's executive compensation (the say-on-pay vote)                                                                                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |     56           |                0 | FOR         |                             56           | FOR                         |  |
| Chipotle Mexican Grill, Inc.    | 169656105 | 06/11/2025     | An advisory vote to approve the compensation of our executive officers as disclosed in the proxy statement ("say-on-pay").                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      4.96182e+06 |                0 | AGAINST     |                              4.96182e+06 | AGAINST                     |  |
| Corpay, Inc.                    | 219948106 | 06/11/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |     89.657       |                0 | AGAINST     |                             89.657       | AGAINST                     |  |
| Regeneron Pharmaceuticals, Inc. | 75886F107 | 06/13/2025     | Proposal to approve, on an advisory basis, executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |      5           |                0 | FOR         |                              5           | FOR                         |  |
| MercadoLibre, Inc.              | 58733R102 | 06/17/2025     | To approve, on an advisory basis, the compensation of our named executive officers for fiscal year 2024.                                                                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |  69128           |              200 | FOR         |                          69128           | FOR                         |  |
| Autodesk, Inc.                  | 052769106 | 06/18/2025     | Approve, on an advisory (non-binding) basis, the compensation of Autodesk, Inc's named executive officers.                                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 697108           |                0 | FOR         |                         697108           | FOR                         |  |
| NVIDIA Corporation              | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |      5.70566e+06 |                0 | FOR         |                              5.70566e+06 | FOR                         |  |
| Aon Plc                         | G0403H108 | 06/27/2025     | Advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      1.21468e+06 |                0 | FOR         |                              1.21468e+06 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Sustainable Growth Advisers, LP

**By (Signature):** Daniel Callaway

**By (Printed Signature):** Daniel Callaway

**By (Title):** Chief Compliance Officer  General Counsel

**Date:** 08/28/2025