# EDGAR Filing Document

**Accession Number:** 0001538449
**File Stem:** 0000945621-25-000676
**Filing Date:** 2025-8
**Character Count:** 49973
**Document Hash:** e3814bb1db16bccbe005bb9bff63dfa4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000945621-25-000676.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0000945621-25-000676

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250807

**EFFECTIVENESS DATE**: 20250807

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mawer Investment Management Ltd.
- **CENTRAL INDEX KEY:** 0001538449

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14623
- **FILM NUMBER:** 251193896

**BUSINESS ADDRESS:**
- **STREET 1:** 517 10TH AVENUE S. W.
- **STREET 2:** SUITE 600
- **CITY:** CALGARY
- **STATE:** A0
- **ZIP:** T2R 0A8
- **BUSINESS PHONE:** 403-262-4673

**MAIL ADDRESS:**
- **STREET 1:** 517 10TH AVENUE S. W.
- **STREET 2:** SUITE 600
- **CITY:** CALGARY
- **STATE:** A0
- **ZIP:** T2R 0A8

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

## N-PX: Filer Information

**Filer CIK:** 0001538449

**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:** Mawer Investment Management Ltd.

**Address:** 517 10TH AVENUE S. W., CALGARY, A0 T2R 0A8

**Telephone number:** 403-262-4673

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-14623

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 549300TDINW3ZOSQAR28

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Advanced Drainage Systems, Inc.                | 00790R104 | 07/18/2024     | Approval, in a non-binding advisory vote, of the compensation for named executive officers.                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          29461 |                0 | Against     |                                    29461 | AGAINST                     |  |
| 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 |            243 |                0 | For         |                                      243 | FOR                         |  |
| NIKE, Inc.                                     | 654106103 | 09/10/2024     | To approve executive compensation by an advisory vote.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        1467833 |                0 | For         |                                  1467833 | FOR                         |  |
| FedEx Corporation                              | 31428X106 | 09/23/2024     | Advisory vote to approve named executive officer compensation.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        2044729 |                0 | For         |                                  2044729 | FOR                         |  |
| 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 |        2582581 |                0 | For         |                                  2582581 | FOR                         |  |
| Paychex, Inc.                                  | 704326107 | 10/10/2024     | ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         827901 |                0 | For         |                                   827901 | FOR                         |  |
| CACI International Inc                         | 127190304 | 10/17/2024     | To approve on a non-binding, advisory basis the compensation of our named executive officers; and                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          36228 |                0 | Against     |                                    36228 | AGAINST                     |  |
| KLA Corporation                                | 482480100 | 11/06/2024     | To approve on a non-binding, advisory basis our named executive officer compensation.                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          11029 |                0 | For         |                                    11029 | FOR                         |  |
| The Estee Lauder Companies Inc.                | 518439104 | 11/08/2024     | Advisory vote to approve executive compensation.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         263019 |                0 | Against     |                                   263019 | AGAINST                     |  |
| Oracle Corporation                             | 68389X105 | 11/14/2024     | Advisory Vote to Approve the Compensation of our Named Executive Officers                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |            850 |                0 | Against     |                                      850 | AGAINST                     |  |
| ResMed Inc.                                    | 761152107 | 11/20/2024     | Approve, on an advisory basis, the compensation paid to our named executive officers, as disclosed in the proxy statement ("say-on-pay").                                                                             | SECTION 14A SAY-ON-PAY VOTES |          73894 |                0 | Against     |                                    73894 | AGAINST                     |  |
| Ferguson Enterprises Inc.                      | 31488V107 | 12/05/2024     | To approve, on an advisory basis, the fiscal 2024 compensation of the Company's Named Executive Officers.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        1071048 |                0 | For         |                                  1071048 | FOR                         |  |
| Ferguson Enterprises Inc.                      | 31488V107 | 12/05/2024     | To approve, on an advisory basis, the frequency of future shareholder advisory votes to approve the compensation of the Company's Named Executive Officers.                                                           | SECTION 14A SAY-ON-PAY VOTES |        1071048 |                0 | One Year    |                                  1071048 | 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 |        3048825 |                0 | For         |                                  3048825 | FOR                         |  |
| D.R. Horton, Inc.                              | 23331A109 | 01/16/2025     | Approval of the advisory resolution on executive compensation.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          82909 |                0 | For         |                                    82909 | FOR                         |  |
| Becton, Dickinson and Company                  | 075887109 | 01/28/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         463479 |                0 | For         |                                   463479 | FOR                         |  |
| Valvoline Inc.                                 | 92047W101 | 01/28/2025     | Non-binding Advisory Resolution Approving our Executive Compensation.                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         472284 |                0 | Against     |                                   472284 | 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 |        1454475 |                0 | Against     |                                  1454475 | AGAINST                     |  |
| Accenture plc                                  | G1151C101 | 02/06/2025     | To approve, in a non-binding vote, the compensation of our named executive officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         790669 |                0 | For         |                                   790669 | FOR                         |  |
| Apple Inc.                                     | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           1000 |                0 | Do Not Vote |                                     1000 | NONE                        |  |
| Apple Inc.                                     | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           2960 |                0 | For         |                                     2960 | FOR                         |  |
| Pathward Financial, Inc.                       | 59100U108 | 02/25/2025     | To approve, by a non-binding advisory vote, the compensation of our "named executive officers" (a Say-on-Pay vote).                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         256419 |                0 | For         |                                   256419 | FOR                         |  |
| Deere  Company                                 | 244199105 | 02/26/2025     | Advisory vote to approve executive compensation ("say-on-pay")                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         570292 |                0 | For         |                                   570292 | FOR                         |  |
| Cencora, Inc.                                  | 03073E105 | 03/06/2025     | Advisory vote to approve the fiscal 2024 compensation of Cencora, Inc.'s named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         657956 |                0 | For         |                                   657956 | FOR                         |  |
| Carrier Global Corporation                     | 14448C104 | 04/09/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         412970 |                0 | For         |                                   412970 | 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 |         307639 |                0 | Against     |                                   307639 | AGAINST                     |  |
| Interactive Brokers Group, Inc.                | 45841N107 | 04/17/2025     | To approve, by non-binding vote, executive compensation.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         139397 |                0 | Against     |                                   139397 | 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 |         312258 |                0 | Against     |                                   312258 | AGAINST                     |  |
| Winmark Corporation                            | 974250102 | 04/23/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          36819 |                0 | For         |                                    36819 | FOR                         |  |
| Winmark Corporation                            | 974250102 | 04/23/2025     | Approve holding an advisory vote to approve executive compensation every one, two or three years, as indicated.                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          36819 |                0 | One Year    |                                    36819 | FOR                         |  |
| Johnson  Johnson                               | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         495521 |                0 | For         |                                   495521 | FOR                         |  |
| Snap-on Incorporated                           | 833034101 | 04/24/2025     | Advisory vote to approve the compensation of Snap-on Incorporated's named executive officers, as disclosed in 'Compensation Discussion and Analysis' and 'Executive Compensation Information' in the Proxy Statement. | SECTION 14A SAY-ON-PAY VOTES |         648383 |                0 | For         |                                   648383 | FOR                         |  |
| Abbott Laboratories                            | 002824100 | 04/25/2025     | Say on Pay - An Advisory Vote on the Approval of Executive Compensation                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        1327018 |                0 | Against     |                                  1327018 | AGAINST                     |  |
| American Electric Power Company, Inc.          | 025537101 | 04/29/2025     | Advisory vote to approve AEP's named executive officer compensation.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        1152439 |                0 | For         |                                  1152439 | FOR                         |  |
| 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 |           8909 |                0 | For         |                                     8909 | FOR                         |  |
| BorgWarner Inc.                                | 099724106 | 04/30/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        1059769 |                0 | For         |                                  1059769 | FOR                         |  |
| Carlisle Companies Incorporated                | 142339100 | 04/30/2025     | To approve, on an advisory basis, the Company's named executive officer compensation in 2024.                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          46767 |                0 | For         |                                    46767 | FOR                         |  |
| Pool Corporation                               | 73278L105 | 04/30/2025     | Say-on-pay vote: Advisory vote to approve the compensation of our named executive officers as disclosed in the proxy statement.                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         433918 |                0 | For         |                                   433918 | FOR                         |  |
| Solventum Corp.                                | 83444M101 | 04/30/2025     | Advisory vote to approve executive compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |             75 |                0 | For         |                                       75 | FOR                         |  |
| Solventum Corp.                                | 83444M101 | 04/30/2025     | Advisory vote on frequency of advisory vote to approve executive compensation                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |             75 |                0 | One Year    |                                       75 | FOR                         |  |
| Murphy USA Inc.                                | 626755102 | 05/01/2025     | Approval of Executive Compensation on an Advisory, Non-Binding Basis.                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |             13 |                0 | For         |                                       13 | FOR                         |  |
| Ovintiv Inc.                                   | 69047Q102 | 05/01/2025     | Advisory Vote to Approve Compensation of Named Executive Officers                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |            264 |                0 | For         |                                      264 | FOR                         |  |
| BWX Technologies, Inc.                         | 05605H100 | 05/02/2025     | Advisory vote on compensation of our Named Executive Officers.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         771949 |                0 | For         |                                   771949 | FOR                         |  |
| RB Global, Inc.                                | 74935Q107 | 05/05/2025     | Approval, on an advisory basis, of a non-binding resolution on the compensation of the Company's named executive officers as described in the accompanying proxy statement.                                           | SECTION 14A SAY-ON-PAY VOTES |        1866152 |                0 | Against     |                                  1866152 | AGAINST                     |  |
| 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 |         429206 |                0 | For         |                                   429206 | FOR                         |  |
| The Hershey Company                            | 427866108 | 05/06/2025     | Approve named executive officer compensation on a non-binding advisory basis.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         260905 |                0 | Against     |                                   260905 | AGAINST                     |  |
| AMETEK, Inc.                                   | 031100100 | 05/07/2025     | Approval, by advisory vote, of the compensation of AMETEK, Inc.'s named executive officers.                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         342284 |                0 | For         |                                   342284 | FOR                         |  |
| AptarGroup, Inc.                               | 038336103 | 05/07/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        1155774 |                0 | For         |                                  1155774 | FOR                         |  |
| Brown  Brown, Inc.                             | 115236101 | 05/07/2025     | To approve, on an advisory basis, the compensation of named executive officers.                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |             48 |                0 | For         |                                       48 | FOR                         |  |
| PepsiCo, Inc.                                  | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |            650 |                0 | Against     |                                      650 | AGAINST                     |  |
| 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 |         147415 |                0 | For         |                                   147415 | FOR                         |  |
| CME Group Inc.                                 | 12572Q105 | 05/08/2025     | Advisory vote on the compensation of our named executive officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         866672 |                0 | For         |                                   866672 | FOR                         |  |
| Union Pacific Corporation                      | 907818108 | 05/08/2025     | Approve, by non-binding vote, the compensation of the Company's Named Executive Officers ("Say on Pay").                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |            580 |                0 | For         |                                      580 | FOR                         |  |
| AbbVie Inc.                                    | 00287Y109 | 05/09/2025     | Say on Pay - An advisory vote on the approval of executive compensation                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         250164 |                0 | For         |                                   250164 | FOR                         |  |
| 3M Company                                     | 88579Y101 | 05/13/2025     | Advisory approval of executive compensation.                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |            300 |                0 | For         |                                      300 | FOR                         |  |
| AAON, Inc.                                     | 000360206 | 05/13/2025     | Proposal to approve, on an advisory basis, a resolution on the compensation of AAON's named executive officers as set forth in the Proxy Statement.                                                                   | SECTION 14A SAY-ON-PAY VOTES |         556814 |                0 | For         |                                   556814 | FOR                         |  |
| Arthur J. Gallagher  Co.                       | 363576109 | 05/13/2025     | Approval, on an Advisory Basis, of the Compensation of our Named Executive Officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         735235 |                0 | For         |                                   735235 | 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 |        1556114 |                0 | For         |                                  1556114 | FOR                         |  |
| Euronet Worldwide, Inc.                        | 298736109 | 05/14/2025     | Advisory vote on executive compensation.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         120342 |                0 | Against     |                                   120342 | AGAINST                     |  |
| Robert Half Inc.                               | 770323103 | 05/14/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        6979461 |                0 | For         |                                  6979461 | FOR                         |  |
| State Street Corporation                       | 857477103 | 05/14/2025     | To approve on an advisory proposal on executive compensation.                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         521724 |                0 | For         |                                   521724 | FOR                         |  |
| Amphenol Corporation                           | 032095101 | 05/15/2025     | Advisory vote to approve compensation of named executive officers                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        8875748 |                0 | For         |                                  8875748 | FOR                         |  |
| CBIZ, Inc.                                     | 124805102 | 05/15/2025     | To conduct an advisory vote approving named executive officer compensation.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |             61 |                0 | Against     |                                       61 | AGAINST                     |  |
| CVS Health Corporation                         | 126650100 | 05/15/2025     | Say on Pay, a Proposal to Approve, on an Advisory Basis, the Company's Executive Compensation.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         913218 |                0 | Against     |                                   913218 | AGAINST                     |  |
| Marsh  McLennan Companies, Inc.                | 571748102 | 05/15/2025     | Advisory (Nonbinding) Vote to Approve Named Executive Officer Compensation                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        5555909 |                0 | Against     |                                  5555909 | AGAINST                     |  |
| Martin Marietta Materials, Inc.                | 573284106 | 05/15/2025     | Approval, by a non-binding advisory vote, of the compensation of Martin Marietta Materials, Inc.'s named executive officers.                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         285754 |                0 | For         |                                   285754 | FOR                         |  |
| O'Reilly Automotive, Inc.                      | 67103H107 | 05/15/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           9698 |                0 | For         |                                     9698 | FOR                         |  |
| Intercontinental Exchange, Inc.                | 45866F104 | 05/16/2025     | To approve, by non-binding vote, the advisory resolution on executive compensation for named executive officers.                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        1600439 |                0 | For         |                                  1600439 | FOR                         |  |
| Medpace Holdings, Inc.                         | 58506Q109 | 05/16/2025     | To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the proxy statement for the 2025 Annual Meeting.                                                                   | SECTION 14A SAY-ON-PAY VOTES |         632341 |                0 | For         |                                   632341 | 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 |           1724 |                0 | For         |                                     1724 | FOR                         |  |
| CDW Corporation                                | 12514G108 | 05/20/2025     | To approve, on an advisory basis, named executive officer compensation.                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        2600909 |                0 | Against     |                                  2600909 | AGAINST                     |  |
| Charles River Laboratories International, Inc. | 159864107 | 05/20/2025     | Advisory Approval of 2024 Executive Officer Compensation                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          51810 |                0 | Against     |                                    51810 | AGAINST                     |  |
| Insperity, Inc.                                | 45778Q107 | 05/20/2025     | Advisory vote to approve the Company's executive compensation ("Say on Pay")                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        4722387 |                0 | For         |                                  4722387 | FOR                         |  |
| JPMorgan Chase  Co.                            | 46625H100 | 05/20/2025     | Advisory resolution to approve executive compensation                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         423726 |                0 | For         |                                   423726 | FOR                         |  |
| Tradeweb Markets Inc.                          | 892672106 | 05/20/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         535931 |                0 | For         |                                   535931 | FOR                         |  |
| Verisk Analytics, Inc.                         | 92345Y106 | 05/20/2025     | To approve executive compensation on an advisory, non-binding basis.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         403875 |                0 | For         |                                   403875 | FOR                         |  |
| Amazon.com, Inc.                               | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        3668695 |                0 | For         |                                  3668695 | FOR                         |  |
| ITT Inc.                                       | 45073V108 | 05/21/2025     | Approval of a non-binding advisory vote on executive compensation                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         339210 |                0 | For         |                                   339210 | FOR                         |  |
| The Southern Company                           | 842587107 | 05/21/2025     | Advisory vote to approve executive compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         871793 |                0 | Against     |                                   871793 | AGAINST                     |  |
| Kinsale Capital Group, Inc.                    | 49714P108 | 05/22/2025     | Advisory vote to approve executive compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          33047 |                0 | For         |                                    33047 | FOR                         |  |
| LPL Financial Holdings Inc.                    | 50212V100 | 05/22/2025     | Approve, in an advisory vote, the compensation paid to the Company's named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          64495 |                0 | Against     |                                    64495 | AGAINST                     |  |
| TriNet Group, Inc.                             | 896288107 | 05/22/2025     | To approve, on an advisory basis, the compensation of TriNet Group, Inc.'s Named Executive Officers, as disclosed in the proxy statement.                                                                             | SECTION 14A SAY-ON-PAY VOTES |        2675456 |                0 | For         |                                  2675456 | FOR                         |  |
| VeriSign, Inc.                                 | 92343E102 | 05/22/2025     | To approve, on an advisory basis, the Company's executive compensation.                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          37362 |                0 | For         |                                    37362 | FOR                         |  |
| Verizon Communications Inc.                    | 92343V104 | 05/22/2025     | Advisory vote to approve executive compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        4623740 |                0 | Against     |                                  4623740 | AGAINST                     |  |
| Waters Corporation                             | 941848103 | 05/22/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's executive officers; and                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         443805 |                0 | For         |                                   443805 | FOR                         |  |
| Yum China Holdings, Inc.                       | 98850P109 | 05/23/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        2981898 |                0 | For         |                                  2981898 | FOR                         |  |
| Exxon Mobil Corporation                        | 30231G102 | 05/28/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |            300 |                0 | For         |                                      300 | FOR                         |  |
| Esquire Financial Holdings, Inc.               | 29667J101 | 05/29/2025     | AN ADVISORY VOTE ON EXECUTIVE COMPENSATION ("SAY-ON-PAY").                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         757601 |                0 | For         |                                   757601 | FOR                         |  |
| Ryan Specialty Holdings, Inc.                  | 78351F107 | 05/30/2025     | To approve, by non-binding advisory vote, the compensation of our named executive officers; and                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         928295 |                0 | For         |                                   928295 | FOR                         |  |
| Barrett Business Services, Inc.                | 068463108 | 06/02/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        1960715 |                0 | For         |                                  1960715 | FOR                         |  |
| UnitedHealth Group Incorporated                | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        1918841 |                0 | For         |                                  1918841 | FOR                         |  |
| Booking Holdings Inc.                          | 09857L108 | 06/03/2025     | Advisory vote to approve 2024 executive compensation.                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         153628 |                0 | For         |                                   153628 | FOR                         |  |
| Restaurant Brands International Inc.           | 76131D103 | 06/03/2025     | Say-On-Pay_x000D_ Approval, on a non-binding advisory basis, of the compensation paid to named executive officers.                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        1824697 |                0 | For         |                                  1824697 | FOR                         |  |
| Airbnb, Inc.                                   | 009066101 | 06/04/2025     | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers.                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          48289 |                0 | For         |                                    48289 | 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 |        3768696 |                0 | For         |                                  3768696 | FOR                         |  |
| XPEL, Inc.                                     | 98379L100 | 06/04/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          80775 |                0 | For         |                                    80775 | FOR                         |  |
| MasterBrand, Inc.                              | 57638P104 | 06/05/2025     | Advisory resolution to approve executive compensation of the Company's named executive officers.                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         868716 |                0 | For         |                                   868716 | FOR                         |  |
| Corpay, Inc.                                   | 219948106 | 06/11/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         805493 |                0 | Against     |                                   805493 | AGAINST                     |  |
| lululemon athletica inc.                       | 550021109 | 06/11/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        1272473 |                0 | For         |                                  1272473 | FOR                         |  |
| Shift4 Payments, Inc.                          | 82452J109 | 06/13/2025     | Approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers.                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          65313 |                0 | For         |                                    65313 | FOR                         |  |
| Mastercard Incorporated                        | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         304448 |                0 | For         |                                   304448 | FOR                         |  |
| NVIDIA Corporation                             | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           2000 |                0 | For         |                                     2000 | 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 |        3204969 |                0 | Against     |                                  3204969 | AGAINST                     |  |

## N-PX: Signature Block

**Reporting Person:** Mawer Investment Management Ltd.

**By (Signature):** Marie-Claude Lepage

**By (Printed Signature):** Marie-Claude Lepage

**By (Title):** Head, Risk Management and Chief Compliance Officer (USA)

**Date:** 08/06/2025