Vote Scores

Home / Filers / DRIEHAUS MUTUAL FUNDS

Form N-PX · fund registrantSEC filer no. 1016073

DRIEHAUS MUTUAL FUNDS

fund voting report

Vote records reported
9,758year to 30 June 2026
Against management
9.8%881 of 9,015 marked votes
Say-on-pay support
89.0%for, of for + against + abstain
Shareholder-proposal support
44.8%for, of for + against + abstain
88.5% for7.4% against4.1% other9.8% against management9,185 votes

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

In its Form N-PX for the year to 30 June 2026, DRIEHAUS MUTUAL FUNDS listed 9,758 vote records. Votes against management made up 9.8% of those marked either way (881 of 9,015); the median fund registrant stood at 6.2%.

Weighted by the number of shares voted, the against-management share is 8.4%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 89.0% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 44.8% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in EXTRAORDINARY TRANSACTIONS (44.2% of 120), SHAREHOLDER RIGHTS AND DEFENSES (24.0% of 25) and COMPENSATION (20.9% of 875).

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.

year to 30 June 2026This filerMedian fund registrantAll filers pooled
Against-management share9.8%6.2%10.6%
Say-on-pay support rate89.0%91.6%86.0%
Shareholder-proposal support rate44.8%27.5%33.9%
Shares on loan, share of shares held0.00%0.00%3.12%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Of the 9,758 vote records in this filing, 593 carry something the form does not expect: a missing vote source or category, a record with no vote line, a meeting date that cannot be read, or a security identifier this site could not use. They are counted as filed. What is checked

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS4,6144,1261749.4%
SECTION 14A SAY-ON-PAY VOTES4153314110.4%
AUDIT-RELATED775757182.0%
SHAREHOLDER RIGHTS AND DEFENSES3220324.0%
EXTRAORDINARY TRANSACTIONS120665444.2%
CAPITAL STRUCTURE926845818.9%
COMPENSATION88769418120.9%
CORPORATE GOVERNANCE1,5741,468925.8%
ENVIRONMENT OR CLIMATE316253.2%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE146814.3%
DIVERSITY, EQUITY, AND INCLUSION174130.0%
OTHER SOCIAL ISSUES7541344.0%
OTHER595367.7%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20248,53813.0%88.0%54.7%
year to 30 June 20259,54210.5%88.3%30.8%
year to 30 June 20269,7589.8%89.0%44.8%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, DRIEHAUS MUTUAL FUNDS voted against management on 27 of the 266 it marked either way (10.2%) in the year to 30 June 2026.

A further 1 say-on-pay item was reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 112 proposals from security holders that could be told apart in the filings and on which it cast a vote, DRIEHAUS MUTUAL FUNDS voted for 43 (38.4%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Microsoft Corporation5 Dec 2025Report on Human Rights Due Diligence
Microsoft Corporation5 Dec 2025Report on Data Operations in Human Rights Hotspots
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on AI data usage oversight
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
JPMorgan Chase & Co.19 May 2026Independent board chairman
Eli Lilly and Company4 May 2026Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair.
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
THE BOEING COMPANY17 Apr 2026Action by Written Consent.
Lam Research Corporation4 Nov 2025Stockholder proposal titled "Realistic Shareholder Ability to Call for a Special Shareholder Meeting,"
Marvell Technology, Inc.25 Jun 2026To consider and act on one stockholder proposal, entitled "Independent Board Chairman"
Equinix, Inc.13 May 2026Consideration and vote upon a stockholder proposal, if properly presented at the Annual Meeting, related...
Keysight Technologies, Inc.19 Mar 2026Consider, on a non-binding advisory basis, a Stockholder Proposal: Shareholder Ability to Call for a...
Albemarle Corporation5 May 2026Shareholder Proposal regarding shareholders ability to call for a special shareholder meeting.
Zscaler, Inc.12 Jan 2026To vote on a non-binding stockholder proposal requesting the declassification of our board of directors.
Five Below, Inc.16 Jun 2026Shareholder proposal requesting that provisions in the Company's governance documents requiring greater...
Knight-Swift Transportation Holdings Inc.12 May 2026Vote on a stockholder proposal regarding support for transparency in political spending.
Exxon Mobil Corporation27 May 2026Proposal requesting Company to modify its Voluntary Retail Voting Program to provide multiple options not...
MarketAxess Holdings Inc.10 Jun 2026If properly presented, a stockholder proposal regarding changes to existing stockholder special meeting right.
ArcBest Corporation24 Apr 2026A shareholder proposal to approve GHG emissions reduction targets
Contemporary Amperex Technology Co., Ltd.25 Dec 2025Shareholder proposal: CAPITAL STRUCTURE
Leonardo SpA7 May 2026Shareholder proposal: CORPORATE GOVERNANCE
Leonardo SpA7 May 2026Fix Board Terms for Directors
Leonardo SpA7 May 2026Fix Number of Directors
Buzzi SpA13 May 2026Shareholder proposal: AUDIT-RELATED
Buzzi SpA13 May 2026Shareholder proposal: CORPORATE GOVERNANCE
Buzzi SpA13 May 2026Shareholder proposal: CORPORATE GOVERNANCE
Buzzi SpA13 May 2026Fix Board Terms for Directors
Buzzi SpA13 May 2026Fix Number of Directors
LG Chem Ltd.31 Mar 2026Shareholder proposal: CORPORATE GOVERNANCE
LG Chem Ltd.31 Mar 2026Reinforcement of the Shareholder Return Policy by Increasing the Monetization of LG Energy Solution Stakes...
LG Chem Ltd.31 Mar 2026Shareholder proposal: CORPORATE GOVERNANCE
LG Chem Ltd.31 Mar 2026Shareholder proposal: CORPORATE GOVERNANCE
LG Chem Ltd.31 Mar 2026Amend Articles of Incorporation (Advisory Shareholder Resolutions) (Shareholder Proposal)
Saipem SpA12 May 2026Shareholder proposal: AUDIT-RELATED
Saipem SpA12 May 2026Shareholder proposal: AUDIT-RELATED
Saipem SpA12 May 2026Shareholder proposal: CORPORATE GOVERNANCE
Rede D'Or Sao Luiz SA30 Apr 2026Shareholder proposal: AUDIT-RELATED
Direcional Engenharia SA30 Apr 2026Shareholder proposal: AUDIT-RELATED
PT Bank Syariah Indonesia Tbk22 Dec 2025Shareholder proposal: CORPORATE GOVERNANCE

Shares on loan

DRIEHAUS MUTUAL FUNDS reported no shares on loan for the year to 30 June 2026. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Fund series in this filing

9 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
Driehaus Emerging Markets Growth Fund1,62712.0%not reported66.7%
Driehaus International Small Cap Growth Fund1,4907.7%not reported71.4%
Driehaus Global Fund1,4576.3%90.2%24.3%
Driehaus Small Cap Growth Fund1,07510.4%89.4%not reported
Driehaus Emerging Markets Small Cap Growth Fund1,06213.3%not reported80.0%
Driehaus Small Mid Cap Growth Fund1,0449.6%90.3%60.0%
Driehaus Micro Cap Growth Fund1,00113.4%86.7%not reported
Driehaus International Developed Equity Fund9664.3%not reported50.0%
Driehaus Event Driven Fund3650.0%not reportednot reported

The filings

These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.

Questions

How did DRIEHAUS MUTUAL FUNDS vote on executive pay?

In the year to 30 June 2026 DRIEHAUS MUTUAL FUNDS reported 372 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 331 were for (89.0%), 41 against and 0 abstentions. Counting one item per company meeting, it voted against management on 27 of the 266 say-on-pay items it marked either way. A further 1 say-on-pay item was reported without a management mark and are not counted in that figure.

How often does DRIEHAUS MUTUAL FUNDS vote against management?

9.8% of the time in the year to 30 June 2026: 881 of the 9,015 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did DRIEHAUS MUTUAL FUNDS support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 26 votes on proposals from security holders in the year to 30 June 2026 and voted for 1 of them (3.8%). Across every category it voted for 44.8% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by DRIEHAUS MUTUAL FUNDS (filer no. 1016073), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.