# EDGAR Filing Document

**Accession Number:** 0001868537
**File Stem:** 0001868537-25-000013
**Filing Date:** 2025-8
**Character Count:** 14309
**Document Hash:** 4b74084ecc33bd187383c44e0fa9bba6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001868537-25-000013.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001868537-25-000013

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**EFFECTIVENESS DATE**: 20250822

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FUNDSMITH INVESTMENT SERVICES LTD.
- **CENTRAL INDEX KEY:** 0001868537

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** O4
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21328
- **FILM NUMBER:** 251242515

**BUSINESS ADDRESS:**
- **STREET 1:** BLACK RIVER BUSINESS PARK
- **STREET 2:** ROYAL ROAD, LA MIVOIE
- **CITY:** GRANDE RIVIERE NOIRE
- **STATE:** O4
- **ZIP:** 90607
- **BUSINESS PHONE:** 00 230 483 3015

**MAIL ADDRESS:**
- **STREET 1:** BLACK RIVER BUSINESS PARK
- **STREET 2:** ROYAL ROAD, LA MIVOIE
- **CITY:** GRANDE RIVIERE NOIRE
- **STATE:** O4
- **ZIP:** 90607

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

## N-PX: Filer Information

**Filer CIK:** 0001868537

**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?:** [x]

## N-PX: Cover Page

**Name of reporting person:** Fundsmith Investment Services Ltd.

**Address:** Black River Business Park, Royal Road, Grande Riviere Noire, O4 90607

**Telephone number:** 0023 0 483 3015

**Name of agent for service:** Addition Compliance Limited

**Agent Address:** 51 Holland Street, London, X0 W8 7JB

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

**SEC File Number:** 028-21328

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 213800YINPPN97G4IU14

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| NIKE, INC.                        | 654106103 | 09/10/2024     | To approve executive compensation by an advisory vote.                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        8582267 |                0 | AGAINST     |                                  8582267 | AGAINST                     |  |
| THE PROCTER  GAMBLE COMPANY       | 742718109 | 10/08/2024     | Advisory Vote to Approve the Company's Executive Compensation (the "Say on Pay" vote).                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        6634531 |                0 | AGAINST     |                                  6634531 | AGAINST                     |  |
| AUTOMATIC DATA PROCESSING, INC.   | 053015103 | 11/06/2024     | Advisory Vote on Executive Compensation.                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        7375241 |                0 | AGAINST     |                                  7375241 | AGAINST                     |  |
| MICROSOFT CORPORATION             | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote").                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        9067945 |                0 | AGAINST     |                                  9067945 | AGAINST                     |  |
| 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 |        6335628 |                0 | AGAINST     |                                  6335628 | AGAINST                     |  |
| IES HOLDINGS, INC.                | 44951W106 | 02/20/2025     | ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION.                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          17593 |                0 | AGAINST     |                                    17593 | AGAINST                     |  |
| TEXAS INSTRUMENTS INCORPORATED    | 882508104 | 04/17/2025     | Board proposal regarding advisory approval of the Company's executive compensation.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        3639586 |                0 | AGAINST     |                                  3639586 | AGAINST                     |  |
| FIRST CITIZENS BANCSHARES, INC.   | 31946M103 | 04/29/2025     | Non-binding advisory resolution ("say-on-pay" resolution) to approve compensation paid or provided to BancShares' named executive officers as disclosed in the proxy statement for the Annual Meeting.             | SECTION 14A SAY-ON-PAY VOTES |          10369 |                0 | AGAINST     |                                    10369 | AGAINST                     |  |
| CHURCH  DWIGHT CO., INC.          | 171340102 | 05/01/2025     | An advisory vote to approve compensation of our named executive officers.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        9714500 |                0 | AGAINST     |                                  9714500 | AGAINST                     |  |
| METTLER-TOLEDO INTERNATIONAL INC. | 592688105 | 05/01/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         847393 |                0 | AGAINST     |                                   847393 | AGAINST                     |  |
| IDEXX LABORATORIES, INC.          | 45168D104 | 05/07/2025     | Advisory Vote on Executive Compensation. To approve a nonbinding advisory resolution on the Company's executive compensation (Proposal Three).                                                                     | SECTION 14A SAY-ON-PAY VOTES |        3494796 |                0 | FOR         |                                  3494796 | FOR                         |  |
| PHILIP MORRIS INTERNATIONAL INC.  | 718172109 | 05/07/2025     | Advisory Vote Approving Executive Compensation                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |       14326642 |                0 | AGAINST     |                                 14326642 | AGAINST                     |  |
| STRYKER CORPORATION               | 863667101 | 05/08/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        6905633 |                0 | AGAINST     |                                  6905633 | AGAINST                     |  |
| MARRIOTT INTERNATIONAL, INC.      | 571903202 | 05/09/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        5736322 |                0 | AGAINST     |                                  5736322 | AGAINST                     |  |
| WASTE MANAGEMENT, INC.            | 94106L109 | 05/13/2025     | Approval, on an advisory basis, of our executive compensation.                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          70475 |                0 | AGAINST     |                                    70475 | AGAINST                     |  |
| OTIS WORLDWIDE CORPORATION        | 68902V107 | 05/15/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        7632752 |                0 | AGAINST     |                                  7632752 | AGAINST                     |  |
| ZOETIS INC.                       | 98978V103 | 05/21/2025     | Advisory vote to approve our executive compensation.                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        3252227 |                0 | AGAINST     |                                  3252227 | AGAINST                     |  |
| THE HOME DEPOT, INC.              | 437076102 | 05/22/2025     | Advisory Vote to Approve Executive Compensation ("Say-on-Pay")                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         167724 |                0 | FOR         |                                   167724 | FOR                         |  |
| WATERS CORPORATION                | 941848103 | 05/22/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's executive officers.                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        4810235 |                0 | AGAINST     |                                  4810235 | AGAINST                     |  |
| 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 |        5134543 |                0 | 1 YEAR      |                                  5134543 | AGAINST                     |  |
| 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 |        5134543 |                0 | AGAINST     |                                  5134543 | AGAINST                     |  |
| COUPANG, INC.                     | 22266T109 | 06/12/2025     | To consider a non-binding vote to approve the compensation of Coupang, Inc.'s named executive officers.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         224729 |                0 | FOR         |                                   224729 | FOR                         |  |
| FORTINET, INC.                    | 34959E109 | 06/13/2025     | Advisory vote to approve named executive officer compensation, as disclosed in the Proxy Statement.                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |       11010451 |                0 | AGAINST     |                                 11010451 | AGAINST                     |  |
| SHOPIFY INC.                      | 82509L107 | 06/17/2025     | Non-binding Advisory Vote on Executive Compensation: Non-binding advisory vote that the shareholders accept Shopify Inc.'s approach to executive compensation as disclosed in the Management Information Circular. | SECTION 14A SAY-ON-PAY VOTES |          88177 |                0 | FOR         |                                    88177 | FOR                         |  |
| MASTERCARD INCORPORATED           | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          56148 |                0 | AGAINST     |                                    56148 | AGAINST                     |  |

## N-PX: Signature Block

**Reporting Person:** Fundsmith Investment Services Ltd.

**By (Signature):** Tom Armstrong

**By (Printed Signature):** Tom Armstrong

**By (Title):** Director

**Date:** 08/08/2025