# EDGAR Filing Document

**Accession Number:** 0000905567
**File Stem:** 0000905567-25-000005
**Filing Date:** 2025-8
**Character Count:** 32751
**Document Hash:** 424125b86be6d9dfce28bc3369e25dc6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000905567-25-000005.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0000905567-25-000005

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** YACKTMAN ASSET MANAGEMENT LP
- **CENTRAL INDEX KEY:** 0000905567

**ORGANIZATION NAME:**
- **EIN:** 455501824
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-03760
- **FILM NUMBER:** 251211032

**BUSINESS ADDRESS:**
- **STREET 1:** 6300 BRIDGE POINT PARKWAY
- **STREET 2:** BUILDING ONE, STE 500
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78730
- **BUSINESS PHONE:** 5127676700

**MAIL ADDRESS:**
- **STREET 1:** 6300 BRIDGE POINT PARKWAY
- **STREET 2:** BUILDING ONE, STE 500
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78730

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** YACKTMAN ASSET MANAGEMENT CO/IL
- **DATE OF NAME CHANGE:** 19970213

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

## N-PX: Filer Information

**Filer CIK:** 0000905567

**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:** YACKTMAN ASSET MANAGEMENT LP

**Address:** 6300 BRIDGE POINT PARKWAY, AUSTIN, TX 78730

**Telephone number:** 512-767-6700

**Name of agent for service:** KRISTA INFANTE

**Agent Address:** 6300 BRIDGE POINT PARKWAY, AUSTIN, TX 78730

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

**SEC File Number:** 028-03760

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 2549004KKYPQI765R825

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

Institutional Manager.

- [ ] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [x] 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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| 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 |   3415           |                0 | FOR         |                           3415           | FOR                         |  |
| Armstrong World Industries, Inc.           | 04247X102 | 06/12/2025     | To approve, on an advisory basis, our executive compensation program.                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 217027           |                0 | AGAINST     |                         217027           | AGAINST                     |  |
| 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 |      6           |                0 | FOR         |                              6           | FOR                         |  |
| Booking Holdings Inc.                      | 09857L108 | 06/03/2025     | Advisory vote to approve 2024 executive compensation.                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |   1110           |                0 | FOR         |                           1110           | FOR                         |  |
| Cisco Systems, Inc.                        | 17275R102 | 12/09/2024     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 498705           |                0 | AGAINST     |                         498705           | AGAINST                     |  |
| Cognizant Technology Solutions Corporation | 192446102 | 06/03/2025     | Approval, on an advisory (non-binding) basis, of the compensation of the company's named executive officers (say-on-pay).                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 740085           |                0 | FOR         |                         740085           | FOR                         |  |
| Colgate-Palmolive Company                  | 194162103 | 05/09/2025     | Advisory vote on executive compensation.                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |  58900           |                0 | FOR         |                          58900           | FOR                         |  |
| Comcast Corporation                        | 20030N101 | 06/18/2025     | Advisory vote on executive compensation                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 137500           |                0 | FOR         |                         137500           | FOR                         |  |
| ConocoPhillips                             | 20825C104 | 05/13/2025     | Advisory Approval of Executive Compensation.                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES | 344934           |                0 | FOR         |                         344934           | FOR                         |  |
| Darling Ingredients Inc.                   | 237266101 | 05/07/2025     | Advisory vote to approve, on an advisory basis, executive compensation.                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 572964           |                0 | FOR         |                         572964           | FOR                         |  |
| Devon Energy Corporation                   | 25179M103 | 06/04/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 635674           |                0 | FOR         |                         635674           | FOR                         |  |
| Diamondback Energy, Inc.                   | 25278X109 | 05/21/2025     | The approval, on an advisory basis, of the compensation of the Company's named executive officers.                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 181446           |                0 | FOR         |                         181446           | FOR                         |  |
| eBay Inc.                                  | 278642103 | 06/25/2025     | Proposal 3 - Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 438601           |                0 | FOR         |                         438601           | 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 |  52496           |                0 | FOR         |                          52496           | FOR                         |  |
| Embecta Corp.                              | 29082K105 | 02/12/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 787016           |                0 | FOR         |                         787016           | FOR                         |  |
| EOG Resources, Inc.                        | 26875P101 | 05/21/2025     | To approve, by non-binding vote, the compensation of the Company's named executive officers.                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES | 272622           |                0 | FOR         |                         272622           | FOR                         |  |
| Exxon Mobil Corporation                    | 30231G102 | 05/28/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  16000           |                0 | FOR         |                          16000           | FOR                         |  |
| Fox Corporation                            | 35137L204 | 11/19/2024     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      1.74431e+06 |                0 | FOR         |                              1.74431e+06 | FOR                         |  |
| GrafTech International Ltd.                | 384313508 | 05/08/2025     | Approve, on an advisory basis, our named executive officer compensation.                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |      3.6432e+06  |                0 | FOR         |                              3.6432e+06  | FOR                         |  |
| GrafTech International Ltd.                | 384313508 | 05/08/2025     | To vote, on an advisory basis, on the frequency of the advisory vote on our named executive officer compensation.                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      3.6432e+06  |                0 | 1 YEAR      |                              3.6432e+06  | FOR                         |  |
| Ingredion Incorporated                     | 457187102 | 05/21/2025     | To approve, by advisory vote, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 308965           |                0 | FOR         |                         308965           | FOR                         |  |
| Johnson  Johnson                           | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 282294           |                0 | FOR         |                         282294           | FOR                         |  |
| Kenvue Inc.                                | 49177J102 | 05/22/2025     | Approve, on a non-binding advisory basis, the compensation of Kenvue Inc.'s named executive officers.                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |      1.35171e+06 |                0 | FOR         |                              1.35171e+06 | FOR                         |  |
| L3Harris Technologies, Inc.                | 502431109 | 04/18/2025     | Approval, in an Advisory Vote, of the Compensation of Named Executive Officers as Disclosed in the Proxy Statement.                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 105146           |                0 | FOR         |                         105146           | FOR                         |  |
| Lockheed Martin Corporation                | 539830109 | 05/09/2025     | Advisory Vote to Approve the Compensation of our Named Executive Officers (Say-on-Pay)                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  38910           |                0 | FOR         |                          38910           | FOR                         |  |
| Masco Corporation                          | 574599106 | 05/09/2025     | To approve, by non-binding advisory vote, the compensation paid to the Company's named executive officers, as disclosed pursuant to the compensation disclosure rules of the SEC, including the Compensation Discussion and Analysis, the compensation tables and the related materials disclosed in the Proxy Statement. | SECTION 14A SAY-ON-PAY VOTES | 274283           |                0 | FOR         |                         274283           | FOR                         |  |
| Mastercard Incorporated                    | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |   2430           |                0 | FOR         |                           2430           | 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 | 213006           |                0 | FOR         |                         213006           | FOR                         |  |
| MSCI Inc.                                  | 55354G100 | 04/22/2025     | To approve, by advisory vote, our executive compensation.                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |   1725           |                0 | FOR         |                           1725           | FOR                         |  |
| News Corporation                           | 65249B208 | 11/20/2024     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 280550           |                0 | FOR         |                         280550           | FOR                         |  |
| Northrop Grumman Corporation               | 666807102 | 05/21/2025     | Proposal to approve, on an advisory basis, the compensation of the Company's Named Executive Officers.                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  48999           |                0 | FOR         |                          48999           | FOR                         |  |
| Olin Corporation                           | 680665205 | 05/01/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 817433           |                0 | FOR         |                         817433           | FOR                         |  |
| Oracle Corporation                         | 68389X105 | 11/14/2024     | Advisory Vote to Approve the Compensation of our Named Executive Officers.                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 194217           |                0 | AGAINST     |                         194217           | AGAINST                     |  |
| PepsiCo, Inc.                              | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 403947           |                0 | FOR         |                         403947           | FOR                         |  |
| Philip Morris International Inc.           | 718172109 | 05/07/2025     | Advisory Vote Approving Executive Compensation                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |   1501           |                0 | FOR         |                           1501           | FOR                         |  |
| QUALCOMM Incorporated                      | 747525103 | 03/18/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |     79           |                0 | FOR         |                             79           | FOR                         |  |
| Reliance, Inc.                             | 759509102 | 05/21/2025     | To consider a non-binding, advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 142387           |                0 | FOR         |                         142387           | FOR                         |  |
| State Street Corporation                   | 857477103 | 05/14/2025     | To approve an advisory proposal on executive compensation.                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 368075           |                0 | FOR         |                         368075           | FOR                         |  |
| Sysco Corporation                          | 871829107 | 11/15/2024     | To approve, by advisory vote, the compensation paid to Sysco's named executive officers, as disclosed in Sysco's 2024 proxy statement.                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 421792           |                0 | FOR         |                         421792           | FOR                         |  |
| Talen Energy Corporation                   | 87422Q109 | 05/07/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |  44900           |                0 | AGAINST     |                          44900           | AGAINST                     |  |
| Talen Energy Corporation                   | 87422Q109 | 05/07/2025     | To approve, on an advisory basis, the frequency of advisory vote on executive compensation.                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  44900           |                0 | 1 YEAR      |                          44900           | FOR                         |  |
| Teledyne Technologies Incorporated         | 879360105 | 04/23/2025     | Approval of a non-binding advisory resolution on the Company's 2024 executive compensation ("say on pay")                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |   4500           |                0 | FOR         |                           4500           | FOR                         |  |
| The Bank of New York Mellon Corporation    | 064058100 | 04/15/2025     | Advisory resolution to approve the 2024 compensation of our named executive officers.                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 286413           |                0 | FOR         |                         286413           | FOR                         |  |
| The Charles Schwab Corporation             | 808513105 | 05/22/2025     | Advisory approval of named executive officer compensation                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 880851           |                0 | FOR         |                         880851           | FOR                         |  |
| The Clorox Company                         | 189054109 | 11/20/2024     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  10050           |                0 | FOR         |                          10050           | FOR                         |  |
| The Coca-Cola Company                      | 191216100 | 04/30/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 453023           |                0 | FOR         |                         453023           | FOR                         |  |
| The Goldman Sachs Group, Inc.              | 38141G104 | 04/23/2025     | Advisory Vote to Approve Executive Compensation (Say on Pay)                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |   8681           |                0 | AGAINST     |                           8681           | AGAINST                     |  |
| The Hershey Company                        | 427866108 | 05/06/2025     | Approve named executive officer compensation on a non-binding advisory basis.                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |   7070           |                0 | FOR         |                           7070           | 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 | 524195           |                0 | FOR         |                         524195           | FOR                         |  |
| The Walt Disney Company                    | 254687106 | 03/20/2025     | Consideration of an advisory vote to approve executive compensation.                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 282575           |                0 | FOR         |                         282575           | FOR                         |  |
| Toll Brothers, Inc.                        | 889478103 | 03/11/2025     | The approval, in an advisory and non-binding vote, of the compensation of the Company's named executive officers.                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |     57           |                0 | FOR         |                             57           | FOR                         |  |
| Warner Bros. Discovery, Inc.               | 934423104 | 06/02/2025     | To vote on an advisory resolution to approve the 2024 compensation of Warner Bros. Discovery, Inc.'s named executive officers, commonly referred to as a "Say-on-Pay" vote.                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      1.32553e+06 |                0 | AGAINST     |                              1.32553e+06 | AGAINST                     |  |
| Wells Fargo  Company                       | 949746101 | 04/29/2025     | Advisory vote to approve executive compensation (Say on Pay).                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 149859           |                0 | FOR         |                         149859           | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** YACKTMAN ASSET MANAGEMENT LP

**By (Signature):** KRISTA INFANTE

**By (Printed Signature):** KRISTA INFANTE

**By (Title):** CHIEF COMPLIANCE OFFICER

**Date:** 08/13/2025