# EDGAR Filing Document

**Accession Number:** 0001861026
**File Stem:** 0001861026-25-000009
**Filing Date:** 2025-8
**Character Count:** 34710
**Document Hash:** 0559ae9c11eac60837b3957275b5bb2a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001861026-25-000009.hdr.sgml**: 20250804

**ACCESSION NUMBER**: 0001861026-25-000009

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250804

**EFFECTIVENESS DATE**: 20250804

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Marathon Asset Management Ltd
- **CENTRAL INDEX KEY:** 0001861026

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21396
- **FILM NUMBER:** 251178820

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** THE FLORAL BUILDING
- **STREET 2:** 27B FLORAL STREET
- **CITY:** LONDON
- **PROVINCE COUNTRY:** X0
- **ZIP:** WC2E 9DP
- **BUSINESS PHONE:** 44 0 2074972211

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** THE FLORAL BUILDING
- **STREET 2:** 27B FLORAL STREET
- **CITY:** LONDON
- **PROVINCE COUNTRY:** X0
- **ZIP:** WC2E 9DP

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Marathon Asset Mgmt Ltd
- **DATE OF NAME CHANGE:** 20210506

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

## N-PX: Filer Information

**Filer CIK:** 0001861026

**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:** Marathon Asset Management Ltd

**Address:** The Floral Building, 27b Floral Street, London, X0 WC2E 9DP

**Telephone number:** 00442074972211

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-21396

**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 | 173581           |      0           | FOR         |                         173581           | 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 |  60939           |      0           | FOR         |                          60939           | FOR                         |  |
| Electronic Arts Inc.                            | 285512109 | 08/01/2024     | Advisory vote to approve named executive officer compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES | 268436           |      0           | FOR         |                         268436           | FOR                         |  |
| Oracle Corporation                              | 68389X105 | 11/14/2024     | Advisory Vote to Approve the Compensation of our Named Executive Officers                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 331413           |      0           | AGAINST     |                         331413           | AGAINST                     |  |
| Vail Resorts, Inc.                              | 91879Q109 | 12/05/2024     | Advisory vote to approve executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |  81943           |      0           | FOR         |                          81943           | 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 | 239850           |      0           | FOR         |                         239850           | FOR                         |  |
| AutoZone, Inc.                                  | 053332102 | 12/18/2024     | Approval of an advisory vote on the compensation of named executive officers                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |   6173           |      0           | FOR         |                           6173           | FOR                         |  |
| Micron Technology, Inc.                         | 595112103 | 01/16/2025     | PROPOSAL BY THE COMPANY TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS AS DESCRIBED IN THE PROXY STATEMENT.                                                  | SECTION 14A SAY-ON-PAY VOTES | 532216           |      0           | FOR         |                         532216           | 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 | 210946           |      0           | FOR         |                         210946           | FOR                         |  |
| Interactive Brokers Group, Inc.                 | 45841N107 | 04/17/2025     | To approve, by non-binding vote, executive compensation.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 197026           |      0           | FOR         |                         197026           | FOR                         |  |
| Broadcom Inc.                                   | 11135F101 | 04/21/2025     | Advisory vote to approve the named executive officer compensation.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 237702           |      0           | FOR         |                         237702           | 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 |  93449           |      0           | FOR         |                          93449           | 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 | 183474           |      0           | FOR         |                         183474           | FOR                         |  |
| Wells Fargo  Company                            | 949746101 | 04/29/2025     | Advisory vote to approve executive compensation (Say on Pay).                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 161476           |      0           | FOR         |                         161476           | FOR                         |  |
| Newmont Corporation                             | 651639106 | 04/30/2025     | Approval of the advisory resolution on Newmont's executive compensation.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 370020           |      0           | FOR         |                         370020           | FOR                         |  |
| Newmont Corporation                             | U65163187 | 04/30/2025     | Approval of the advisory resolution on Newmont's executive compensation.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      1.24502e+06 |   4463           | FOR         |                              1.24502e+06 | FOR                         |  |
| Air Lease Corporation                           | 00912X302 | 05/02/2025     | Advisory vote to approve named executive officer compensation                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 323544           |      0           | AGAINST     |                         323544           | AGAINST                     |  |
| Paycom Software, Inc.                           | 70432V102 | 05/05/2025     | Advisory approval of the compensation of the Company's named executive officers.                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 278582           |      0           | FOR         |                         278582           | FOR                         |  |
| Rogers Corporation                              | 775133101 | 05/05/2025     | To approve, on a non-binding advisory basis, the compensation paid to our named executive officers.                                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 157942           |      0           | FOR         |                         157942           | 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 |  60741           |      0           | AGAINST     |                          60741           | AGAINST                     |  |
| TransUnion                                      | 89400J107 | 05/07/2025     | To approve, on a non-binding advisory basis, the compensation of TransUnion's named executive officers.                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 691969           |      0           | FOR         |                         691969           | FOR                         |  |
| Archer-Daniels-Midland Company                  | 039483102 | 05/08/2025     | Advisory Vote on Executive Compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 313955           |      0           | FOR         |                         313955           | FOR                         |  |
| C.H. Robinson Worldwide, Inc.                   | 12541W209 | 05/08/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 149396           |      0           | FOR         |                         149396           | FOR                         |  |
| CME Group Inc.                                  | 12572Q105 | 05/08/2025     | Advisory vote on the compensation of our named executive officers.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 170947           |      0           | FOR         |                         170947           | FOR                         |  |
| Teleflex Incorporated                           | 879369106 | 05/09/2025     | Approval, on an advisory basis, of named executive officer compensation.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  89762           |      0           | FOR         |                          89762           | FOR                         |  |
| The Progressive Corporation                     | 743315103 | 05/09/2025     | Cast an advisory vote to approve our executive compensation program;                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 177041           |      0           | FOR         |                         177041           | FOR                         |  |
| Weyerhaeuser Company                            | 962166104 | 05/09/2025     | Approval, on an advisory basis, of the compensation of the named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 359818           |      0           | FOR         |                         359818           | FOR                         |  |
| CNH Industrial N.V.                             | N20944109 | 05/12/2025     | Approval of executive compensation ("Say on Pay") (advisory voting item)                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      1.15529e+07 |      1.39709e+06 | FOR         |                              1.15529e+07 | FOR                         |  |
| International Paper Company                     | 460146103 | 05/12/2025     | A Non-Binding Resolution to Approve the Compensation of the Company's Named Executive Officers                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |  74556           |    823           | FOR         |                          74556           | FOR                         |  |
| Royalty Pharma Plc                              | G7709Q104 | 05/12/2025     | A non-binding advisory vote to approve executive compensation that may become payable in connection with the transaction contemplated by the Membership Interest Purchase Agreement.                        | SECTION 14A SAY-ON-PAY VOTES | 622751           |      0           | FOR         |                         622751           | FOR                         |  |
| Royalty Pharma Plc                              | G7709Q104 | 05/12/2025     | A non-binding advisory vote to approve executive compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES | 622751           |      0           | FOR         |                         622751           | FOR                         |  |
| Donnelley Financial Solutions, Inc.             | 25787G100 | 05/14/2025     | To approve, on an advisory basis, the Company's executive compensation.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 217634           |      0           | FOR         |                         217634           | FOR                         |  |
| Elevance Health, Inc.                           | 036752103 | 05/14/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 252682           |      0           | FOR         |                         252682           | FOR                         |  |
| Fiserv, Inc.                                    | 337738108 | 05/14/2025     | To approve, on an advisory basis, the compensation of the named executive officers of Fiserv, Inc.                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 445310           |      0           | FOR         |                         445310           | FOR                         |  |
| Cable One, Inc.                                 | 12685J105 | 05/15/2025     | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers for 2024.                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  58472           |      0           | FOR         |                          58472           | FOR                         |  |
| Teradata Corporation                            | 88076W103 | 05/15/2025     | An advisory (non-binding) vote to approve executive compensation.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 390993           |      0           | FOR         |                         390993           | FOR                         |  |
| Westinghouse Air Brake Technologies Corporation | 929740108 | 05/15/2025     | Approve an advisory (non-binding) resolution to approve the 2024 named executive officer compensation.                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |  70777           |      0           | FOR         |                          70777           | FOR                         |  |
| Willis Towers Watson Public Limited Company     | G96629103 | 05/15/2025     | Approve, on an advisory basis, the named executive officer compensation.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  61371           |      0           | FOR         |                          61371           | FOR                         |  |
| Baker Hughes Company                            | 05722G100 | 05/20/2025     | An advisory vote related to the Company's executive compensation program                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 386892           |      0           | FOR         |                         386892           | FOR                         |  |
| Align Technology, Inc.                          | 016255101 | 05/21/2025     | Advisory Vote to Approve the Compensation of our Named Executive Officers                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 201429           |      0           | FOR         |                         201429           | FOR                         |  |
| Amazon.com, Inc.                                | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 621591           |      0           | FOR         |                         621591           | FOR                         |  |
| Markel Group Inc.                               | 570535104 | 05/21/2025     | Advisory vote on approval of executive compensation.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |  34741           |      0           | FOR         |                          34741           | FOR                         |  |
| Thermo Fisher Scientific Inc.                   | 883556102 | 05/21/2025     | An advisory vote to approve named executive officer compensation.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  72113           |      0           | AGAINST     |                          72113           | AGAINST                     |  |
| Henry Schein, Inc.                              | 806407102 | 05/22/2025     | Proposal to approve, by non-binding vote, the 2024 compensation paid to the Company's Named Executive Officers.                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 250513           |      0           | FOR         |                         250513           | FOR                         |  |
| Laureate Education, Inc.                        | 518613203 | 05/22/2025     | To approve, by advisory vote, the compensation of the named executive officers.                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      1.31945e+06 |      0           | FOR         |                              1.31945e+06 | FOR                         |  |
| WESCO International, Inc.                       | 95082P105 | 05/22/2025     | Approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |  84541           |      0           | FOR         |                          84541           | FOR                         |  |
| LyondellBasell Industries N.V.                  | N53745100 | 05/23/2025     | Advisory Vote Approving Executive Compensation (Say-on-Pay)                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 263570           |      0           | FOR         |                         263570           | FOR                         |  |
| Southern Copper Corporation                     | 84265V105 | 05/23/2025     | Approve by, non-binding vote, executive compensation.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 465437           |  77176           | FOR         |                         465437           | FOR                         |  |
| Healthcare Services Group, Inc.                 | 421906108 | 05/27/2025     | To consider an advisory vote on a non-binding resolution to approve the compensation of our named executive officers.                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      1.36183e+06 |      0           | FOR         |                              1.36183e+06 | FOR                         |  |
| Merck  Co., Inc.                                | 58933Y105 | 05/27/2025     | Non-binding advisory vote to approve the compensation of our named executive officers.                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 299564           |      0           | FOR         |                         299564           | FOR                         |  |
| Vontier Corporation                             | 928881101 | 05/27/2025     | To approve, on an advisory basis, Vontier's named executive officer compensation as disclosed in the Proxy Statement.                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 301786           |      0           | FOR         |                         301786           | 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 | 148792           |      0           | AGAINST     |                         148792           | 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 | 148792           |      0           | ONE YEAR    |                         148792           | AGAINST                     |  |
| Sealed Air Corporation                          | 81211K100 | 05/29/2025     | Approval, as an advisory vote, of Sealed Air's 2024 executive compensation.                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 526865           |      0           | FOR         |                         526865           | FOR                         |  |
| Booking Holdings Inc.                           | 09857L108 | 06/03/2025     | Advisory vote to approve 2024 executive compensation.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |   5707           |      0           | FOR         |                           5707           | FOR                         |  |
| Axalta Coating Systems Ltd.                     | G0750C108 | 06/04/2025     | Non-binding advisory vote to approve the compensation of our named executive officers                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 368805           |      0           | FOR         |                         368805           | FOR                         |  |
| FTI Consulting, Inc.                            | 302941109 | 06/04/2025     | Advisory (non-binding) resolution to approve the compensation of the named executive officers for the year ended December 31, 2024 as described in the Proxy Statement.                                     | SECTION 14A SAY-ON-PAY VOTES |  56981           |      0           | FOR         |                          56981           | FOR                         |  |
| Flutter Entertainment plc                       | G3643J108 | 06/05/2025     | Approval, on an advisory basis, of the compensation of our Named Executive Officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |      1.46362e+06 |  20149           | FOR         |                              1.46362e+06 | FOR                         |  |
| Flutter Entertainment plc                       | G3643J108 | 06/05/2025     | Approval, on an advisory basis, of the frequency (every one, two or three years) of advisory votes to approve the compensation of our Named Executive Officers.                                             | SECTION 14A SAY-ON-PAY VOTES |      1.46362e+06 |  20149           | ONE YEAR    |                              1.46362e+06 | FOR                         |  |
| OPENLANE, Inc.                                  | 48238T109 | 06/06/2025     | To approve, on an advisory basis, executive compensation.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |      1.41705e+06 |      0           | FOR         |                              1.41705e+06 | FOR                         |  |
| WillScot Holdings Corporation                   | 971378104 | 06/06/2025     | To approve, on an advisory and non-binding basis, the compensation of the named executive officers of WillScot Holdings Corporation.                                                                        | SECTION 14A SAY-ON-PAY VOTES | 375854           |      0           | FOR         |                         375854           | FOR                         |  |
| Envista Holdings Corporation                    | 29415F104 | 06/10/2025     | To approve on an advisory basis Envista's named executive officer compensation.                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 928777           |      0           | FOR         |                         928777           | FOR                         |  |
| nLIGHT, Inc.                                    | 65487K100 | 06/10/2025     | To approve, on an advisory, non-binding basis, the compensation of our named executive officers.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 719277           |      0           | FOR         |                         719277           | 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 | 168109           |      0           | FOR         |                         168109           | FOR                         |  |
| Freeport-McMoRan Inc.                           | 35671D857 | 06/11/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 351820           |      0           | FOR         |                         351820           | 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 | 134434           |      0           | FOR         |                         134434           | FOR                         |  |
| Dollar Tree, Inc.                               | 256746108 | 06/19/2025     | To approve, by a non-binding advisory vote, the compensation of the Company's named executive officers.                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 190577           |      0           | FOR         |                         190577           | FOR                         |  |
| CarMax, Inc.                                    | 143130102 | 06/24/2025     | To approve, in an advisory (non-binding) vote, the compensation of our named executive officers.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 128970           |      0           | FOR         |                         128970           | FOR                         |  |
| Mastercard Incorporated                         | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  93359           |      0           | FOR         |                          93359           | FOR                         |  |
| NVIDIA Corporation                              | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 412934           |      0           | FOR         |                         412934           | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Marathon Asset Management Ltd

**By (Signature):** James Bennett

**By (Printed Signature):** James Bennett

**By (Title):** Chief Risk and Compliance Officer

**Date:** 08/04/2025