# EDGAR Filing Document

**Accession Number:** 0000315282
**File Stem:** 0001021408-25-002228
**Filing Date:** 2025-8
**Character Count:** 56526
**Document Hash:** 39476f2bc3456f5f670d0f1b8dedc8df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001021408-25-002228.hdr.sgml**: 20250819

**ACCESSION NUMBER**: 0001021408-25-002228

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250819

**DATE AS OF CHANGE**: 20250819

**EFFECTIVENESS DATE**: 20250819

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TEMPLETON INVESTMENT COUNSEL LLC
- **CENTRAL INDEX KEY:** 0000315282

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-01074
- **FILM NUMBER:** 251230484

**BUSINESS ADDRESS:**
- **STREET 1:** 300 SOUTHEAST 2ND STREET
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301
- **BUSINESS PHONE:** 954-527-7500

**MAIL ADDRESS:**
- **STREET 1:** 300 SOUTHEAST 2ND STREET
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TEMPLETON INVESTMENT COUNSEL INC
- **DATE OF NAME CHANGE:** 19940721

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

## N-PX: Filer Information

**Filer CIK:** 0000315282

**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:** TEMPLETON INVESTMENT COUNSEL LLC

**Address:** 300 Southeast 2nd Street, Fort Lauderdale, FL 33301

**Telephone number:** 8006322350

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-01074

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| 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 |  35645           |      0           | FOR         |                          35645           | FOR                         |  |
| Flex Ltd.                                    | Y2573F102 | 08/08/2024     | NON-BINDING, ADVISORY RESOLUTION. To approve the compensation of the Company's named executive officers, as disclosed pursuant to Item 402 of Regulation S-K, set forth in "Compensation Discussion and Analysis" and in the compensation tables and the accompanying narrative disclosure under "Executive Compensation" in the Company's proxy statement relating to its 2024 Annual General Meeting. | SECTION 14A SAY-ON-PAY VOTES |   5476           |      0           | FOR         |                           5476           | FOR                         |  |
| Logitech International S.A.                  | H50430232 | 09/04/2024     | Advisory vote to approve Named Executive Officers Compensation for fiscal year 2024                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 157616           |  35080           | FOR         |                         157616           | FOR                         |  |
| Deckers Outdoor Corporation                  | 243537107 | 09/09/2024     | To approve, on a non-binding advisory basis, the compensation of our Named Executive Officers, as described in the section of the Proxy Statement entitled "Compensation Discussion and Analysis".                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |   7888           |      0           | FOR         |                           7888           | FOR                         |  |
| Freshpet, Inc.                               | 358039105 | 10/01/2024     | Non-binding advisory vote to approve the compensation of the Company's named executive officers                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 136613           |      0           | FOR         |                         136613           | FOR                         |  |
| Medtronic Plc                                | G5960L103 | 10/17/2024     | Approving, on an advisory basis, the Company's executive compensation;                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 107743           |      0           | FOR         |                         107743           | FOR                         |  |
| Lancaster Colony Corporation                 | 513847103 | 11/06/2024     | To approve, by non-binding vote, the compensation of the Corporation's named executive officers.                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |  47843           |      0           | FOR         |                          47843           | FOR                         |  |
| Winnebago Industries, Inc.                   | 974637100 | 12/17/2024     | Approve, on an advisory basis, the compensation of our named executive officers                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |  66001           |    548           | FOR         |                          66001           | 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 |  48783           |      0           | FOR         |                          48783           | FOR                         |  |
| Aramark                                      | 03852U106 | 01/24/2025     | To approve, in a non-binding advisory vote, the compensation paid to the named executive officers.                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 165244           |      0           | FOR         |                         165244           | 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 |  17995           |      0           | FOR         |                          17995           | FOR                         |  |
| Hillenbrand, Inc.                            | 431571108 | 02/18/2025     | To approve, by a non-binding advisory vote, the compensation paid by the Company to its Named Executive Officers.                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 359542           |      0           | FOR         |                         359542           | FOR                         |  |
| Sonos, Inc.                                  | 83570H108 | 03/11/2025     | Advisory approval of the named executive officer compensation (the say-on-pay vote).                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 547424           |  32400           | AGAINST     |                         547424           | AGAINST                     |  |
| Sonos, Inc.                                  | 83570H108 | 03/11/2025     | Advisory approval of the frequency of future advisory votes on the Company's executive compensation (the say-on-frequency vote).                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 547424           |  32400           | ONE YEAR    |                         547424           | FOR                         |  |
| Texas Capital Bancshares, Inc.               | 88224Q107 | 04/15/2025     | To approve, on an advisory basis, the 2024 compensation of the Company's named executive officers as described in the Proxy Statement;                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 176282           |      0           | AGAINST     |                         176282           | AGAINST                     |  |
| Huntington Bancshares Incorporated           | 446150104 | 04/16/2025     | An advisory resolution to approve, on a non-binding basis, the compensation of executives as disclosed in the accompanying proxy statement.                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 991417           |      0           | FOR         |                         991417           | FOR                         |  |
| Bank of America Corporation                  | 060505104 | 04/22/2025     | Approving our executive compensation (an advisory, non-binding "Say on Pay" resolution)                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 163544           |      0           | AGAINST     |                         163544           | AGAINST                     |  |
| Levi Strauss  Co.                            | 52736R102 | 04/23/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 333147           |      0           | FOR         |                         333147           | FOR                         |  |
| Levi Strauss  Co.                            | 52736R102 | 04/23/2025     | Advisory vote on the frequency of future shareholder advisory votes on executive compensation.                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 333147           |      0           | ONE YEAR    |                         333147           | FOR                         |  |
| The PNC Financial Services Group, Inc.       | 693475105 | 04/23/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |  43096           |      0           | FOR         |                          43096           | FOR                         |  |
| HCA Healthcare, Inc.                         | 40412C101 | 04/24/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |  36580           |      0           | FOR         |                          36580           | FOR                         |  |
| Lithia Motors, Inc.                          | 536797103 | 04/24/2025     | To approve, by an advisory vote, named executive officer compensation.                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |  14886           |      0           | FOR         |                          14886           | FOR                         |  |
| Veolia Environnement SA                      | 92334N103 | 04/24/2025     | Approve Compensation of Antoine Frerot, Chairman of the Board                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  16662           |      0           | FOR         |                          16662           | FOR                         |  |
| Veolia Environnement SA                      | 92334N103 | 04/24/2025     | Approve Compensation of Estelle Brachlianoff, CEO                                                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |  16662           |      0           | FOR         |                          16662           | FOR                         |  |
| American Express Company                     | 025816109 | 04/29/2025     | Approval, on an advisory basis, of the Company's executive compensation.                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |   7051           |      0           | FOR         |                           7051           | FOR                         |  |
| Knowles Corporation                          | 49926D109 | 04/29/2025     | Non-binding, advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 600672           |      0           | FOR         |                         600672           | FOR                         |  |
| Wells Fargo  Company                         | 949746101 | 04/29/2025     | Advisory vote to approve executive compensation (Say on Pay).                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 157913           |      0           | FOR         |                         157913           | FOR                         |  |
| Janus Henderson Group Plc                    | G4474Y214 | 04/30/2025     | Advisory Say-on-Pay Vote on Executive Compensation.                                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 333825           |      0           | FOR         |                         333825           | FOR                         |  |
| Sanofi                                       | 80105N105 | 04/30/2025     | Approve Compensation of Frederic Oudea, Chairman of the Board                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |   8272           |      0           | FOR         |                           8272           | FOR                         |  |
| Sanofi                                       | 80105N105 | 04/30/2025     | Approve Compensation of Paul Hudson, CEO                                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |   8272           |      0           | FOR         |                           8272           | FOR                         |  |
| Crown Holdings, Inc.                         | 228368106 | 05/01/2025     | Approval by advisory vote of the resolution on executive compensation as described in the Proxy Statement.                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |  96912           |      0           | FOR         |                          96912           | FOR                         |  |
| ManpowerGroup Inc.                           | 56418H100 | 05/02/2025     | Advisory vote on approval of the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 138937           |      0           | FOR         |                         138937           | FOR                         |  |
| Smurfit WestRock Plc                         | G8267P108 | 05/02/2025     | Approve, in a non-binding, advisory vote, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 861980           |      0           | FOR         |                         861980           | FOR                         |  |
| Smurfit WestRock Plc                         | G8267P108 | 05/02/2025     | Approve, in a non-binding, advisory vote, the frequency of future non-binding, advisory votes to approve named executive officer compensation.                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 861980           |      0           | ONE YEAR    |                         861980           | FOR                         |  |
| Albemarle Corporation                        | 012653101 | 05/06/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |  21784           |  79513           | AGAINST     |                          21784           | AGAINST                     |  |
| Alamo Group Inc.                             | 011311107 | 05/08/2025     | Proposal FOR approval of the advisory vote on the compensation of the named executive officers.                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |  81215           |      0           | FOR         |                          81215           | FOR                         |  |
| CRH Plc                                      | G25508105 | 05/08/2025     | Consideration of Named Executive Officer Compensation for 2024 ("Say-on-Pay")                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 488026           |      0           | FOR         |                         488026           | FOR                         |  |
| CRH Plc                                      | G25508105 | 05/08/2025     | Consideration of Frequency of Future "Say-on-Pay" Votes                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 488026           |      0           | ONE YEAR    |                         488026           | 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 |      2.1019e+06  |      1.95366e+06 | FOR         |                              2.1019e+06  | FOR                         |  |
| The Middleby Corporation                     | 596278101 | 05/14/2025     | Approval, on an advisory basis, of the compensation of our named executive officers; and                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |  48656           |    800           | FOR         |                          48656           | FOR                         |  |
| TriMas Corporation                           | 896215209 | 05/14/2025     | Approval, on a non-binding advisory basis, of the compensation paid to the Company's Named Executive Officers.                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 543091           |  22100           | FOR         |                         543091           | FOR                         |  |
| AT Inc.                                      | 00206R102 | 05/15/2025     | Advisory Approval of Executive Compensation                                                                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 532717           |      0           | FOR         |                         532717           | FOR                         |  |
| JBT Marel Corporation                        | 477839104 | 05/15/2025     | Approve, on an advisory basis, a non-binding resolution regarding the compensation of the company's named executive officers.                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 104783           |      0           | FOR         |                         104783           | FOR                         |  |
| KeyCorp                                      | 493267108 | 05/15/2025     | Advisory approval of executive compensation.                                                                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 545641           |      0           | AGAINST     |                         545641           | AGAINST                     |  |
| Patrick Industries, Inc.                     | 703343103 | 05/15/2025     | To approve, in an advisory and non-binding vote, the compensation of the Company's named executive officers for fiscal year 2024.                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |  20899           | 123227           | FOR         |                          20899           | FOR                         |  |
| Patrick Industries, Inc.                     | 703343103 | 05/15/2025     | To recommend, in an advisory and non-binding vote, the frequency of shareholder votes on executive compensation (a "Say-on-Frequency" vote).                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |  20899           | 123227           | ONE YEAR    |                          20899           | FOR                         |  |
| Axis Capital Holdings Limited                | G0692U109 | 05/16/2025     | To approve, by non-binding vote, the compensation paid to our named executive officers.                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |  82260           |      0           | FOR         |                          82260           | 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 |  31232           |      0           | FOR         |                          31232           | FOR                         |  |
| Seacoast Banking Corporation of Florida      | 811707801 | 05/19/2025     | Advisory (Non-binding) Vote on Compensation of Named Executive Officers                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 222740           |      0           | AGAINST     |                         222740           | AGAINST                     |  |
| Seacoast Banking Corporation of Florida      | 811707801 | 05/19/2025     | Advisory (Non-binding) Vote on Frequency of Vote on Compensation of Named Executive Officers                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 222740           |      0           | ONE YEAR    |                         222740           | FOR                         |  |
| JPMorgan Chase  Co.                          | 46625H100 | 05/20/2025     | Advisory resolution to approve executive compensation                                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |  16119           |      0           | FOR         |                          16119           | FOR                         |  |
| MGP Ingredients, Inc.                        | 55303J106 | 05/20/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 137900           |      0           | FOR         |                         137900           | FOR                         |  |
| TrustCo Bank Corp NY                         | 898349204 | 05/20/2025     | Approval of a non-binding advisory resolution on the compensation of TrustCo's named executive officers as disclosed in the proxy statement.                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 441870           |      0           | FOR         |                         441870           | FOR                         |  |
| Amazon.com, Inc.                             | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |   8044           |      0           | AGAINST     |                           8044           | AGAINST                     |  |
| Integer Holdings Corporation                 | 45826H109 | 05/21/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |  93246           |  26100           | FOR         |                          93246           | FOR                         |  |
| Jones Lang LaSalle Incorporated              | 48020Q107 | 05/21/2025     | Approval, on an advisory basis, of JLL'S Executive Compensation ("Say On Pay")                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |  54890           |      0           | FOR         |                          54890           | FOR                         |  |
| NCR Atleos Corporation                       | 63001N106 | 05/21/2025     | Consider and vote to approve, on a non-binding and advisory basis, the compensation of the named executive officers ("Say on Pay"), as more particularly described in these proxy materials.                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 254946           |      0           | FOR         |                         254946           | FOR                         |  |
| DuPont de Nemours, Inc.                      | 26614N102 | 05/22/2025     | Advisory Resolution to Approve Executive Compensation                                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |  21215           |      0           | FOR         |                          21215           | 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 | 429875           |      0           | FOR         |                         429875           | FOR                         |  |
| The Charles Schwab Corporation               | 808513105 | 05/22/2025     | Advisory approval of named executive officer compensation                                                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 111235           |      0           | FOR         |                         111235           | FOR                         |  |
| Voya Financial, Inc.                         | 929089100 | 05/22/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 135674           |      0           | FOR         |                         135674           | FOR                         |  |
| Miller Industries, Inc.                      | 600551204 | 05/23/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 213796           |      0           | AGAINST     |                         213796           | AGAINST                     |  |
| Yum China Holdings, Inc.                     | 98850P109 | 05/23/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |  22034           |      0           | FOR         |                          22034           | 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 | 565737           |      0           | FOR         |                         565737           | 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 |   2642           |      0           | AGAINST     |                           2642           | 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 |   2642           |      0           | ONE YEAR    |                           2642           | 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 |  17742           | 104613           | FOR         |                          17742           | FOR                         |  |
| The Allstate Corporation                     | 020002101 | 05/29/2025     | Advisory vote to approve the compensation of the named executives.                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |  37306           |      0           | FOR         |                          37306           | FOR                         |  |
| Zimmer Biomet Holdings, Inc.                 | 98956P102 | 05/29/2025     | Approve, on a non-binding advisory basis, named executive officer compensation ("Say on Pay").                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |  54997           |      0           | FOR         |                          54997           | FOR                         |  |
| UnitedHealth Group Incorporated              | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |  24362           |      0           | AGAINST     |                          24362           | AGAINST                     |  |
| The Vita Coco Company, Inc.                  | 92846Q107 | 06/03/2025     | Advisory vote on executive compensation.                                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |  57464           | 111881           | FOR         |                          57464           | FOR                         |  |
| Leonardo DRS, Inc.                           | 52661A108 | 06/04/2025     | Advisory resolution regarding the compensation of the Company's Named Executive Officers                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 410422           |      0           | FOR         |                         410422           | FOR                         |  |
| Lindblad Expeditions Holdings, Inc.          | 535219109 | 06/04/2025     | The approval, on an advisory basis, of the 2024 compensation of our named executive officers.                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 625333           |  55100           | AGAINST     |                         625333           | AGAINST                     |  |
| Columbia Sportswear Company                  | 198516106 | 06/05/2025     | To approve, by non-binding vote, executive compensation.                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 122919           |  42400           | FOR         |                         122919           | FOR                         |  |
| Salesforce, Inc.                             | 79466L302 | 06/05/2025     | Approval, on an advisory basis, of the fiscal 2025 compensation of our named executive officers.                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |   4781           |      0           | FOR         |                           4781           | FOR                         |  |
| NCR Voyix Corporation                        | 62886E108 | 06/06/2025     | To approve, on a non-binding and advisory basis, the compensation of the named executive officers as more particularly described in the proxy materials                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |  73935           | 435958           | FOR         |                          73935           | FOR                         |  |
| OneSpaWorld Holdings Limited                 | P73684113 | 06/09/2025     | Approval, by non-binding advisory vote, of the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |      1.65658e+06 | 209812           | FOR         |                              1.65658e+06 | 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 | 173297           |      0           | FOR         |                         173297           | FOR                         |  |
| IMAX Corporation                             | 45245E109 | 06/11/2025     | Advisory Vote on Named Executive Officer Compensation  Approval, on an advisory basis, of the compensation of the Company's Named Executive Officers as set forth in the accompanying Proxy Circular and Proxy Statement.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 244734           | 127832           | FOR         |                         244734           | FOR                         |  |
| NXP Semiconductors N.V.                      | N6596X109 | 06/11/2025     | Non-binding, advisory vote to approve Named Executive Officer compensation                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |   5033           |      0           | FOR         |                           5033           | FOR                         |  |
| Fidelity National Information Services, Inc. | 31620M106 | 06/12/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 147299           |      0           | FOR         |                         147299           | FOR                         |  |
| Delta Air Lines, Inc.                        | 247361702 | 06/19/2025     | To approve, on an advisory basis, the compensation of Delta's named executive officers.                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 132885           |      0           | FOR         |                         132885           | FOR                         |  |
| Freshpet, Inc.                               | 358039105 | 06/24/2025     | Non-binding advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |  29663           |  78355           | FOR         |                          29663           | FOR                         |  |
| Freshpet, Inc.                               | 358039105 | 06/24/2025     | Non-binding advisory vote on frequency of future advisory votes on named executive officer compensation.                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |  29663           |  78355           | ONE YEAR    |                          29663           | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** TEMPLETON INVESTMENT COUNSEL LLC

**By (Signature):** Thomas C. Mandia

**By (Printed Signature):** Thomas C. Mandia

**By (Title):** Assistant Secretary

**Date:** 08/18/2025