Arcos Dorados Holdings Inc.: meeting of 25 Apr 2025

Votes reported on Form N-PX, item by item

43 Form N-PX filers reported votes at the Arcos Dorados Holdings Inc. meeting of 25 Apr 2025. Their records fall into 5 items below, in ballot order: management items first, then proposals from security holders. Each bar shows how the reporting filers split; it is not the result of the meeting.

foragainstabstain, withhold or otheramber tick: the portion cast against management

Items

DIRECTOR ELECTIONSIssuer

Director elections

4 nominees; 36.4% of reported votes for; 36 filers withheld from or voted against at least one nominee.

173 vote records from 41 filers. 20 of the 41 filers that marked the item either way voted against management.

41.5% for0.0% against58.5% other48.8% against management41 filers

SECTION 14A SAY-ON-PAY VOTESIssuer

Advisory vote on executive pay (say-on-pay)

2 vote records from 2 filers. 0 of the 2 filers that marked the item either way voted against management.

100.0% for0.0% against0.0% against management2 filers100.0% for0.0% against0.0% against management334,900 reported shares

AUDIT-RELATEDIssuer

Audit-related items (auditor ratification)

44 vote records from 41 filers. 35 of the 41 filers that marked the item either way voted against management.

14.6% for73.2% against12.2% other85.4% against management41 filers3.9% for80.6% against15.6% other96.1% against management26,863,376 reported shares

CORPORATE GOVERNANCEIssuer

CORPORATE GOVERNANCE: management items

Management items in this category are shown together; filers word and number them differently.

39 vote records from 36 filers. 1 of the 36 filers that marked the item either way voted against management.

97.2% for0.0% against2.8% other2.8% against management36 filers99.3% for0.0% against0.7% other0.7% against management25,997,273 reported shares, counted once per item in this group

OTHERIssuer

OTHER: management items

Management items in this category are shown together; filers word and number them differently.

5 vote records from 5 filers. 0 of the 5 filers that marked the item either way voted against management.

100.0% for0.0% against0.0% against management5 filers100.0% for0.0% against0.0% against management866,103 reported shares, counted once per item in this group

How the largest families voted

Family	1. Directors	3. Auditor
BlackRock and iShares	For	For
State Street and SPDR	For	Against *
Franklin Templeton	Abstain or withhold *	Against *
Invesco	Split or no vote	Against *
Nuveen and TIAA	For	Against *
Morgan Stanley, Eaton Vance and Calvert	For	Abstain or withhold *
J.P. Morgan	Abstain or withhold *	Against *
WisdomTree	Abstain or withhold *	Against *
Northern Trust and FlexShares	Abstain or withhold *	Against *
T. Rowe Price	Abstain or withhold *	Against *
Global X	For	Abstain or withhold *
Transamerica	Abstain or withhold *	Against *
MassMutual	Abstain or withhold *	Against *
VanEck	For	Abstain or withhold *
Dodge & Cox	Split or no vote	Against *

* against management. A family's position is the way most of its reported shares were voted across its filers; "split" means no single position led. "No report" means none of the family's filers listed the item.

Questions

How did large funds vote at the Arcos Dorados Holdings Inc. meeting?

43 Form N-PX filers reported votes at the meeting of 25 Apr 2025. On say-on-pay, 0 of 2 voted against management (0.0%). The family table lists each of the largest families item by item.

Is this the meeting result?

No. These are the votes of funds and managers that file Form N-PX, counted by filer and by the shares they reported. The certified result, which includes every shareholder, is reported by Arcos Dorados Holdings Inc. on Form 8-K.

Why are director elections shown as counts only?

Director records name the nominee. This site does not publish pages or rows about individuals, so for director elections it keeps the number of nominees and the split of votes and discards the wording.

Every meeting on file for Arcos Dorados Holdings Inc.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing Arcos Dorados Holdings Inc. with a meeting date within three days of 25 Apr 2025. Proposal titles are the most common wording among filers and are replaced by the SEC category where a wording could name a person. Not verified by the SEC. Filings read through 23 Sep 2026.