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Form N-PX · fund registrantSEC filer no. 918942

LKCM Funds

fund voting report

Vote records reported
4,499year to 30 June 2026
Against management
7.1%297 of 4,185 marked votes
Say-on-pay support
90.4%for, of for + against + abstain
Shareholder-proposal support
30.9%for, of for + against + abstain
90.4% for6.9% against2.7% other7.1% against management4,208 votes

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

For the year to 30 June 2026, LKCM Funds reported 4,499 vote records on Form N-PX. 297 of the 4,185 votes that were marked for or against management went against management: 7.1%, close to the median fund registrant (6.2%).

Weighted by the number of shares voted, the against-management share is 6.5%. 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 90.4% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 30.9% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (17.4% of 46), ENVIRONMENT OR CLIMATE (16.7% of 48) and OTHER SOCIAL ISSUES (14.4% of 90).

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 share7.1%6.2%10.6%
Say-on-pay support rate90.4%91.6%86.0%
Shareholder-proposal support rate30.9%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 4,499 vote records in this filing, 291 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 ELECTIONS2,5862,436575.7%
SECTION 14A SAY-ON-PAY VOTES344292319.9%
AUDIT-RELATED33633141.5%
SHAREHOLDER RIGHTS AND DEFENSES1613362.5%
EXTRAORDINARY TRANSACTIONS4400.0%
CAPITAL STRUCTURE23623420.0%
COMPENSATION1901593114.0%
CORPORATE GOVERNANCE3332924113.6%
ENVIRONMENT OR CLIMATE48103816.7%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE4683817.4%
DIVERSITY, EQUITY, AND INCLUSION71614.3%
OTHER SOCIAL ISSUES90335714.4%
OTHER95732013.5%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20244,84316.4%85.8%43.7%
year to 30 June 20254,6728.0%88.0%31.4%
year to 30 June 20264,4997.1%90.4%30.9%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, LKCM Funds voted against management on 21 of the 222 it marked either way (9.5%) 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 132 proposals from security holders that could be told apart in the filings and on which it cast a vote, LKCM Funds voted for 35 (26.5%). 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
Visa Inc.27 Jan 2026Shareholder proposal on shareholder right to act by written consent.
JPMorgan Chase & Co.19 May 2026Independent board chairman
Mastercard Incorporated16 Jun 2026Consideration of a stockholder proposal regarding shareholder right to act by written consent
Netflix, Inc.4 Jun 2026Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent,"
Bank of America Corporation4 May 2026Shareholder proposal requesting independent board chair
PEPSICO, INC.6 May 2026Shareholder Proposal - Report on Human Rights Oversight.
PEPSICO, INC.6 May 2026Shareholder Proposal - Independent Board Chair.
PEPSICO, INC.6 May 2026Shareholder Proposal - Report Evaluating the Treatment of Animals within Supply Chain.
QUALCOMM Incorporated17 Mar 2026Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting."
ConocoPhillips12 May 2026Stockholder Proposal - Independent Board Chairman.
Adobe Inc.15 Apr 2026Environment or climate
Adobe Inc.15 Apr 2026Stockholder Proposal Regarding Board Matrix.
HONEYWELL INTERNATIONAL INC.22 May 2026Shareowner Proposal - Shareholder Right to Act by Written Consent.
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...
EXXON MOBIL CORPORATION27 May 2026Proposal requesting Company to modify its Voluntary Retail Voting Program to provide multiple options not...
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding annual vote regarding executive pay.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding disclosure of voting results by share class.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding dual class capital structure.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding report on Al data usage oversight.
Zoetis Inc.20 May 2026Shareholder proposal to permit shareholder action by written consent.
The Sherwin-Williams Company22 Apr 2026Shareholder Proposal Regarding Shareholder Ability to Call a Special Meeting
O'Reilly Automotive, Inc.14 May 2026Shareholder proposal entitled "Avoid Brand Damage due to Corporate Political Spending."
L3Harris Technologies, Inc.11 May 2026Shareholder Proposal titled "Improve Shareholder Ability to Call for a Special Shareholder Meeting".
Cintas Corporation28 Oct 2025A shareholder proposal regarding support for shareholder ability to call for a special shareholder meeting.
Verisk Analytics, Inc.19 May 2026Shareholder Proposal - Shareholder Right to Act by Written Consent.
Corpay, Inc.7 May 2026Shareholder proposal regarding an independent Board Chair requirement
Medpace Holdings, Inc.15 May 2026Stockholder proposal regarding giving shareholders an ability to call for a special shareholder meeting
Eagle Materials Inc.4 Aug 2025Non-binding advisory stockholder proposal requesting the declassification of our Board of Directors.
Moncler SpA21 Apr 2026Shareholder proposal: AUDIT-RELATED
Recordati SpA29 Apr 2026Shareholder proposal: AUDIT-RELATED

Shares on loan

LKCM 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

6 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
LKCM INTERNATIONAL EQUITY FUND1,2734.1%94.4%11.1%
LKCM Balanced Fund8155.3%94.6%22.6%
LKCM Small Cap Equity Fund6718.5%91.4%not reported
LKCM Equity Fund6284.3%93.8%19.7%
LKCM Aquinas Catholic Equity Fund59015.0%74.4%59.6%
LKCM Small-Mid Cap Equity Fund5228.1%92.0%not 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 LKCM Funds vote on executive pay?

In the year to 30 June 2026 LKCM Funds reported 322 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 291 were for (90.4%), 31 against and 0 abstentions. Counting one item per company meeting, it voted against management on 21 of the 222 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 LKCM Funds vote against management?

7.1% of the time in the year to 30 June 2026: 297 of the 4,185 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 LKCM Funds support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 46 votes on proposals from security holders in the year to 30 June 2026 and voted for 8 of them (17.4%). Across every category it voted for 30.9% 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 LKCM Funds (filer no. 918942), 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.