# EDGAR Filing Document

**Accession Number:** 0001592579
**File Stem:** 0001592579-25-000008
**Filing Date:** 2025-7
**Character Count:** 20146
**Document Hash:** 44bca02810850564abba8362f3f3fa37
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592579-25-000008.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001592579-25-000008

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250729

**EFFECTIVENESS DATE**: 20250729

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Trinity Street Asset Management LLP
- **CENTRAL INDEX KEY:** 0001592579

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 0314

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15707
- **FILM NUMBER:** 251159849

**BUSINESS ADDRESS:**
- **STREET 1:** 25 GOLDEN SQUARE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1F 9LU
- **BUSINESS PHONE:** 44 2074959110

**MAIL ADDRESS:**
- **STREET 1:** 25 GOLDEN SQUARE
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1F 9LU

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

## N-PX: Filer Information

**Filer CIK:** 0001592579

**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:** TRINITY STREET ASSET MANAGEMENT LLP

**Address:** 25 GOLDEN SQUARE, LONDON, X0 W1F 9LU

**Telephone number:** 442074959114

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-15707

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 549300W53RXK7NVDKS79

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| AMAZON.COM, INC.                        | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         145787 |                0 | FOR         |                                   145787 | FOR                         |  |
| AXALTA COATING SYSTEMS LTD.             | G0750C108 | 06/04/2025     | Non-binding advisory vote to approve the compensation of our named executive officers                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         712760 |                0 | FOR         |                                   712760 | FOR                         |  |
| BAE SYSTEMS PLC                         | G06940103 | 05/07/2025     | REMUNERATION REPORT                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |       11092152 |                0 | FOR         |                                 11092152 | FOR                         |  |
| CELLNEX TELECOM S.A.                    | E2R41M104 | 05/08/2025     | CONSULTATIVE VOTE ON THE ANNUAL REPORT ON DIRECTORS REMUNERATION FOR YEAR ENDED 31 DECEMBER 2024                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        4712136 |            41308 | FOR         |                                  4712136 | FOR                         |  |
| CLEAN HARBORS, INC.                     | 184496107 | 05/21/2025     | To approve on a non-binding, advisory basis, the compensation of the Company's named executive officers as described in the Company's definitive proxy statement.                                                                 | SECTION 14A SAY-ON-PAY VOTES |         120831 |                0 | FOR         |                                   120831 | 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 |        1618239 |                0 | FOR         |                                  1618239 | FOR                         |  |
| COGNIZANT TECHNOLOGY SOLUTIONS CORP.    | 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 |         297237 |                0 | FOR         |                                   297237 | FOR                         |  |
| COMPAGNIE DE SAINT-GOBAIN SA            | F80343100 | 06/05/2025     | APPROVAL OF THE COMPENSATION COMPONENTS PAID DURING THE PAST FINANCIAL YEAR OR AWARDED FOR THE SAME FINANCIAL YEAR TO MR. PIERRE-ANDRE DE CHALENDAR, CHAIRMAN OF THE BOARD OF DIRECTORS FROM JANUARY 1 TO JUNE 6, 2024, INCLUSIVE | SECTION 14A SAY-ON-PAY VOTES |        1402414 |                0 | FOR         |                                  1402414 | FOR                         |  |
| COMPAGNIE DE SAINT-GOBAIN SA            | F80343100 | 06/05/2025     | APPROVAL OF THE COMPENSATION COMPONENTS PAID DURING THE PAST FINANCIAL YEAR OR AWARDED FOR THE SAME FINANCIAL YEAR TO MR. BENOIT BAZIN, CHIEF EXECUTIVE OFFICER FROM JANUARY 1 TO JUNE 6, 2024, INCLUSIVE                         | SECTION 14A SAY-ON-PAY VOTES |        1402414 |                0 | FOR         |                                  1402414 | FOR                         |  |
| COMPAGNIE DE SAINT-GOBAIN SA            | F80343100 | 06/05/2025     | APPROVAL OF THE COMPENSATION COMPONENTS PAID DURING THE PAST FINANCIAL YEAR OR AWARDED FOR THE SAME FINANCIAL YEAR TO MR. BENOIT BAZIN, CHAIRMAN AND CHIEF EXECUTIVE OFFICER FROM JUNE 7 TO DECEMBER 31, 2024, INCLUSIVE          | SECTION 14A SAY-ON-PAY VOTES |        1402414 |                0 | FOR         |                                  1402414 | FOR                         |  |
| DAVIDE CAMPARI-MILANO N.V.              | N24565108 | 04/16/2025     | REMUNERATION REPORT 2024                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |       14022844 |          2029241 | FOR         |                                 14022844 | FOR                         |  |
| DNB BANK ASA                            | R1R15X100 | 04/29/2025     | APPROVE REMUNERATION STATEMENT (ADVISORY)                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        6651468 |                0 | AGAINST     |                                  6651468 | AGAINST                     |  |
| ESSITY AB                               | W3R06F100 | 03/27/2025     | RESOLUTION ON APPROVAL OF THE BOARD'S REPORT ON REMUNERATION FOR THE SENIOR MANAGEMENT                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        3062687 |                0 | FOR         |                                  3062687 | FOR                         |  |
| FRANCO-NEVADA CORP                      | 351858105 | 05/08/2025     | SAY-ON-PAY ADVISORY RESOLUTION ACCEPTANCE OF THE CORPORATION'S APPROACH TO EXECUTIVE COMPENSATION                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         543000 |                0 | FOR         |                                   543000 | FOR                         |  |
| FRANCO-NEVADA CORPORATION               | 351858105 | 05/08/2025     | Say-on-Pay Advisory Resolution Acceptance of the Corporation's approach to executive compensation.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          26700 |                0 | FOR         |                                    26700 | FOR                         |  |
| FRANCO-NEVADA CORPORATION               | 351858105 | 05/08/2025     | Say-on-Pay Advisory Resolution Acceptance of the Corporation's approach to executive compensation.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         868627 |                0 | FOR         |                                   868627 | FOR                         |  |
| GETLINK SE                              | F4R053105 | 05/14/2025     | APPROVAL OF THE ELEMENTS OF REMUNERATION PAID DURING OR AWARDED IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 TO YANN LERICHE, CHIEF EXECUTIVE OFFICER                                                                  | SECTION 14A SAY-ON-PAY VOTES |        5684238 |                0 | FOR         |                                  5684238 | FOR                         |  |
| GETLINK SE                              | F4R053105 | 05/14/2025     | APPROVAL OF THE REMUNERATION ELEMENTS PAID DURING OR AWARDED IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 TO JACQUES GOUNON, CHAIRMAN OF THE BOARD OF DIRECTORS                                                        | SECTION 14A SAY-ON-PAY VOTES |        5684238 |                0 | FOR         |                                  5684238 | FOR                         |  |
| LONDON STOCK EXCHANGE GROUP PLC         | G5689U103 | 05/01/2025     | TO APPROVE THE ANNUAL REPORT ON REMUNERATION AND THE ANNUAL STATEMENT OF THE CHAIR OF THE REMUNERATION COMMITTEE                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        1083993 |                0 | FOR         |                                  1083993 | 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 |          58049 |                0 | FOR         |                                    58049 | FOR                         |  |
| NEXT PLC                                | G6500M106 | 05/15/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         999317 |                0 | FOR         |                                   999317 | 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 |          48367 |                0 | FOR         |                                    48367 | FOR                         |  |
| NUCOR CORPORATION                       | 670346105 | 05/08/2025     | Approval, on an advisory basis, of Nucor's named executive officer compensation in 2024                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         168425 |                0 | AGAINST     |                                   168425 | AGAINST                     |  |
| RALPH LAUREN CORPORATION                | 751212101 | 08/01/2024     | Approval, on an advisory basis, of the compensation of our named executive officers and our compensation philosophy, policies and practices as described in the accompanying Proxy Statement.                                     | SECTION 14A SAY-ON-PAY VOTES |         144610 |                0 | FOR         |                                   144610 | FOR                         |  |
| RENTOKIL INITIAL PLC                    | G7494G105 | 05/07/2025     | TO APPROVE THE DIRECTORS REMUNERATION REPORT                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |       31283675 |           540585 | FOR         |                                 31283675 | FOR                         |  |
| RHEINMETALL AG                          | D65111102 | 05/13/2025     | ADOPTION OF A RESOLUTION TO APPROVE THE COMPENSATION REPORT FOR FISCAL YEAR 2024, PREPARED AND AUDITED IN ACCORDANCE WITH SECTION 162 AKTG                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         179639 |                0 | FOR         |                                   179639 | FOR                         |  |
| RYANAIR HOLDINGS PLC                    | G7727C186 | 09/12/2024     | CONSIDERATION OF THE REMUNERATION REPORT                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          86045 |                0 | FOR         |                                    86045 | FOR                         |  |
| SHELL PLC                               | G80827101 | 05/20/2025     | APPROVAL OF DIRECTORS REMUNERATION REPORT                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        5034165 |                0 | FOR         |                                  5034165 | FOR                         |  |
| SMURFIT WESTROCK PUBLIC LIMITED COMPANY | G8267P108 | 05/02/2025     | ADVISORY VOTE TO RATIFY NAMED EXECUTIVE OFFICERS' COMPENSATION                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        4096003 |                0 | FOR         |                                  4096003 | FOR                         |  |
| SMURFIT WESTROCK PUBLIC LIMITED COMPANY | G8267P108 | 05/02/2025     | ADVISORY VOTE ON SAY ON PAY FREQUENCY: PLEASE VOTE "FOR" ON THIS RESOLUTION TO APPROVE 1 YEAR                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        4096003 |                0 | FOR         |                                  4096003 | FOR                         |  |
| STMICROELECTRONICS NV                   | N83574108 | 05/28/2025     | REMUNERATION REPORT                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        7654051 |                0 | FOR         |                                  7654051 | FOR                         |  |
| SVENSKA HANDELSBANKEN AB                | W9112U104 | 03/26/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        6412088 |                0 | FOR         |                                  6412088 | FOR                         |  |
| THALES SA                               | F9156M108 | 05/16/2025     | APPROVAL OF THE 2024 COMPENSATION SCHEME PAID OR GRANTED TO MR PATRICE CAINE, CHAIRMAN AND CHIEF EXECUTIVE OFFICER AND SOLE EXECUTIVE CORPORATE OFFICER                                                                           | SECTION 14A SAY-ON-PAY VOTES |         752551 |             3230 | FOR         |                                   752551 | FOR                         |  |
| THE CIGNA GROUP                         | 125523100 | 04/23/2025     | Advisory approval of executive compensation                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          86766 |                0 | FOR         |                                    86766 | FOR                         |  |
| TREASURY WINE ESTATES LTD               | Q9194S107 | 10/17/2024     | REMUNERATION REPORT                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |       16746407 |          1335403 | FOR         |                                 16746407 | FOR                         |  |
| UNIVERSAL MUSIC GROUP N.V.              | N90313102 | 05/14/2025     | ADVISORY VOTE ON THE REMUNERATION REPORT 2024                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        6788701 |                0 | FOR         |                                  6788701 | FOR                         |  |
| VESTAS WIND SYSTEMS A/S                 | K9773J201 | 04/08/2025     | PRESENTATION AND ADVISORY VOTE ON THE REMUNERATION REPORT                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        7951606 |                0 | FOR         |                                  7951606 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** TRINITY STREET ASSET MANAGEMENT LLP

**By (Signature):** Craig Thompson

**By (Printed Signature):** Craig Thompson

**By (Title):** PARTNER

**Date:** 07/29/2025