Varun Beverages Limited: meeting of 3 Apr 2024

Votes reported on Form N-PX, item by item

103 Form N-PX filers reported votes at the Varun Beverages Limited meeting of 3 Apr 2024. Their records fall into 6 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

2 nominees; 31.8% of reported votes for; 79 filers withheld from or voted against at least one nominee.

352 vote records from 102 filers. 57 of the 102 filers that marked the item either way voted against management.

24.5% for58.8% against16.7% other55.9% against management102 filers

SECTION 14A SAY-ON-PAY VOTESIssuer

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

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

0.0% for100.0% against100.0% against management1 filers0.0% for100.0% against100.0% against management861,669 reported shares

CAPITAL STRUCTUREIssuer

CAPITAL STRUCTURE: management items

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

176 vote records from 102 filers. 0 of the 102 filers that marked the item either way voted against management.

100.0% for0.0% against0.0% against management102 filers100.0% for0.0% against0.0% against management87,555,543 reported shares, counted once per item in this group

COMPENSATIONIssuer

COMPENSATION: management items

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

486 vote records from 90 filers. 63 of the 90 filers that marked the item either way voted against management.

26.7% for73.3% against70.0% against management90 filers62.7% for37.3% against37.2% against management259,856,139 reported shares, counted once per item in this group

CORPORATE GOVERNANCEIssuer

CORPORATE GOVERNANCE: management items

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

162 vote records from 90 filers. 0 of the 90 filers that marked the item either way voted against management.

100.0% for0.0% against0.0% against management90 filers100.0% for0.0% against0.0% against management86,618,713 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.

63 vote records from 13 filers. 7 of the 13 filers that marked the item either way voted against management.

46.2% for53.8% against53.8% against management13 filers77.7% for22.3% against22.3% against management3,866,033 reported shares, counted once per item in this group

How the largest families voted

Family	1. Directors
Vanguard	For
BlackRock and iShares	Split or no vote
Fidelity	Against *
Dimensional	Against *
State Street and SPDR	Against *
American Century	Against *
Franklin Templeton	Against *
Invesco	Against *
Equitable	For
Charles Schwab	Split or no vote
Nuveen and TIAA	For
John Hancock and Manulife	Against *
Morgan Stanley, Eaton Vance and Calvert	Against *
J.P. Morgan	For
Goldman Sachs	Against *
WisdomTree	Against *
PGIM and Prudential	For
Jackson National funds	Against *
Northern Trust and FlexShares	Against *
SEI	Split or no vote
T. Rowe Price	Against *
Lincoln Financial	Against
Voya	Against *
Russell Investments	For
Nationwide	Against *
Victory Capital	Against *
Brighthouse Funds	Against
Columbia Threadneedle	Split or no vote
BNY Mellon	Against *
Principal	Against *
Capital Group and American Funds	For
Pacific Life funds	Against *
Transamerica	Split or no vote
Federated Hermes	For
Hartford Funds	Split or no vote
PIMCO	Against *
MassMutual	Against *
VanEck	Split or no vote
Lord Abbett	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 Varun Beverages Limited meeting?

103 Form N-PX filers reported votes at the meeting of 3 Apr 2024. On say-on-pay, 1 of 1 voted against management (100.0%). 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 Varun Beverages Limited 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 Varun Beverages Limited

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing Varun Beverages Limited with a meeting date within three days of 3 Apr 2024. 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.