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Pure Cycle Corporation 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and Pure Cycle Corporation’s Form 8-K, filed January 16, 2026 (Item 5.07 on EDGAR). Page generated October 18, 2026.

10Reported items
148Asset managers
1,391Fund votes
January 14, 2026Meeting date

Results at a glance

Meeting of January 14, 2026: 9 items on Pure Cycle Corporation’s Form 8-K, filed January 16, 2026: 9 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Pure Cycle Corporation in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by Pure Cycle Corporation

These tallies are Pure Cycle Corporation’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed January 16, 2026 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

Pure Cycle Corporation — official shareholder meeting results, meeting held January 14, 2026
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Mark W. Harding	16,778,922	--	--	214,962	3,470,828	99%	Not verified	—
Elect Director: Patrick J. Beirne	16,641,289	--	--	352,595	3,470,828	98%	Not verified	—
Elect Director: Wanda J. Abel	16,579,170	--	--	414,714	3,470,828	98%	Not verified	—
Elect Director: Frederick A. Fendel III	16,751,568	--	--	242,316	3,470,828	99%	Not verified	—
Elect Director: Susan D. Heitmann	16,757,597	--	--	236,287	3,470,828	99%	Not verified	—
Elect Director: Daniel R. Kozlowski	16,615,837	--	--	378,047	3,470,828	98%	Not verified	—
Elect Director: Jeffrey G. Sheets	16,494,933	--	--	498,951	3,470,828	97%	Not verified	—
2. For the ratification of the appointment of Forvis Mazars, LLP as the Registrant's independent registered public accounting firm for the 2026 fiscal year	20,251,933	16,481	196,298	--	--	99.9%	Not verified	—
3. For the approval, on an advisory basis, of executive compensation	16,361,699	391,001	241,184	--	3,470,828	98%	Not verified	—

Source: Pure Cycle Corporation, Form 8-K, filed with the SEC on January 16, 2026 — read the filing on EDGAR.

How asset managers voted at the Pure Cycle Corporation 2025-2026 meeting

Each item below shows how the 148 asset managers that disclosed a Pure Cycle Corporation vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Pure Cycle Corporation’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Director: Daniel R. Kozlowski

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 16,615,837WITHHELD: 378,047

Details: description as filed, official tally, votes by 49 asset managers

Description as filed by funds: Election of Directors: Daniel R. Kozlowski

Pure Cycle Corporation’s own tally for this item (“Elect Director: Daniel R. Kozlowski”): 16,615,837 for, 378,047 withheld, per its Form 8-K filed January 16, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 49 asset managers below reported 3,799,359 for, 17,372 withheld, 6,293 abstained.

FOR

FOR: 3,799,359ABSTAIN: 6,293WITHHOLD: 17,372

Largest asset managers voting on “Election of Directors: Daniel R. Kozlowski” at Pure Cycle Corporation, 2025-2026
Asset manager	For	Abstain	Withheld	Vote
Vanguard	982,542	0	0	For
HEARTLAND GROUP INC	627,264	0	0	For
BlackRock	591,924	0	0	For
Fidelity	436,988	0	0	For
MERIDIAN FUND INC	315,003	0	0	For
Dimensional	177,890	0	0	For
RBB FUND, INC.	156,370	0	0	For
FORUM FUNDS II	77,499	0	0	For
TIAA	67,246	0	0	For
Charles Schwab	58,612	0	0	For
Equitable	35,395	0	15,870	Mixed
Goldman Sachs	43,522	0	0	For
QUANTITATIVE MASTER SERIES LLC	32,746	0	0	For
KINETICS MUTUAL FUNDS INC	30,000	0	0	For
KINETICS PORTFOLIOS TRUST	30,000	0	0	For
Lincoln Financial	15,728	0	0	For
Bridge Builder Trust	8,187	6,293	0	Mixed
Six Circles Trust	10,603	0	0	For
AIG/SunAmerica	10,417	0	0	For
Global X	9,271	0	0	For
Northern Trust	9,270	0	0	For
Pacific Life	8,214	0	0	For
Nationwide	6,983	0	0	For
Brighthouse	6,744	0	0	For
John Hancock	6,659	0	0	For

Showing the 25 largest of 49 asset managers. See all 49 in the interactive database.

2. Elect Director: Frederick A. Fendel III

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 16,751,568WITHHELD: 242,316

Details: description as filed, official tally, votes by 49 asset managers

Description as filed by funds: Election of Directors: Frederick A. Fendel III

Pure Cycle Corporation’s own tally for this item (“Elect Director: Frederick A. Fendel III”): 16,751,568 for, 242,316 withheld, per its Form 8-K filed January 16, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 49 asset managers below reported 3,807,154 for, 15,870 withheld.

FOR

FOR: 3,807,154WITHHOLD: 15,870

Largest asset managers voting on “Election of Directors: Frederick A. Fendel III” at Pure Cycle Corporation, 2025-2026
Asset manager	For	Withheld	Vote
Vanguard	982,542	0	For
HEARTLAND GROUP INC	627,264	0	For
BlackRock	591,924	0	For
Fidelity	436,988	0	For
MERIDIAN FUND INC	315,003	0	For
Dimensional	177,890	0	For
RBB FUND, INC.	156,370	0	For
FORUM FUNDS II	77,499	0	For
TIAA	67,246	0	For
Charles Schwab	58,612	0	For
Equitable	35,395	15,870	Mixed
Goldman Sachs	43,522	0	For
QUANTITATIVE MASTER SERIES LLC	32,746	0	For
KINETICS MUTUAL FUNDS INC	30,000	0	For
KINETICS PORTFOLIOS TRUST	30,000	0	For
Lincoln Financial	15,728	0	For
Bridge Builder Trust	14,480	0	For
Six Circles Trust	10,603	0	For
AIG/SunAmerica	10,417	0	For
Global X	9,271	0	For
Northern Trust	9,270	0	For
Pacific Life	8,214	0	For
Nationwide	6,983	0	For
Brighthouse	6,744	0	For
John Hancock	6,659	0	For

Showing the 25 largest of 49 asset managers. See all 49 in the interactive database.

3. Elect Director: Jeffrey G. Sheets

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 16,494,933WITHHELD: 498,951

Details: description as filed, official tally, votes by 49 asset managers

Description as filed by funds: Election of Directors: Jeffrey G. Sheets

Pure Cycle Corporation’s own tally for this item (“Elect Director: Jeffrey G. Sheets”): 16,494,933 for, 498,951 withheld, per its Form 8-K filed January 16, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 49 asset managers below reported 3,798,031 for, 17,484 withheld, 7,509 abstained.

FOR

FOR: 3,798,031ABSTAIN: 7,509WITHHOLD: 17,484

Largest asset managers voting on “Election of Directors: Jeffrey G. Sheets” at Pure Cycle Corporation, 2025-2026
Asset manager	For	Abstain	Withheld	Vote
Vanguard	982,542	0	0	For
HEARTLAND GROUP INC	627,264	0	0	For
BlackRock	591,924	0	0	For
Fidelity	436,988	0	0	For
MERIDIAN FUND INC	315,003	0	0	For
Dimensional	177,890	0	0	For
RBB FUND, INC.	156,370	0	0	For
FORUM FUNDS II	77,499	0	0	For
TIAA	67,246	0	0	For
Charles Schwab	58,612	0	0	For
Equitable	35,395	0	15,870	Mixed
Goldman Sachs	43,522	0	0	For
QUANTITATIVE MASTER SERIES LLC	32,746	0	0	For
KINETICS MUTUAL FUNDS INC	30,000	0	0	For
KINETICS PORTFOLIOS TRUST	30,000	0	0	For
Lincoln Financial	15,728	0	0	For
Bridge Builder Trust	8,187	6,293	0	Mixed
Six Circles Trust	10,603	0	0	For
AIG/SunAmerica	10,417	0	0	For
Global X	9,271	0	0	For
Northern Trust	9,270	0	0	For
Pacific Life	8,214	0	0	For
Nationwide	6,983	0	0	For
Brighthouse	6,744	0	0	For
John Hancock	6,659	0	0	For

Showing the 25 largest of 49 asset managers. See all 49 in the interactive database.

4. Elect Director: Mark W. Harding

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 16,778,922WITHHELD: 214,962

Details: description as filed, official tally, votes by 49 asset managers

Description as filed by funds: Election of Directors: Mark W. Harding

Pure Cycle Corporation’s own tally for this item (“Elect Director: Mark W. Harding”): 16,778,922 for, 214,962 withheld, per its Form 8-K filed January 16, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 49 asset managers below reported 3,823,024 for.

FOR

FOR: 3,823,024

Largest asset managers voting on “Election of Directors: Mark W. Harding” at Pure Cycle Corporation, 2025-2026
Asset manager	For	Vote
Vanguard	982,542	For
HEARTLAND GROUP INC	627,264	For
BlackRock	591,924	For
Fidelity	436,988	For
MERIDIAN FUND INC	315,003	For
Dimensional	177,890	For
RBB FUND, INC.	156,370	For
FORUM FUNDS II	77,499	For
TIAA	67,246	For
Charles Schwab	58,612	For
Equitable	51,265	For
Goldman Sachs	43,522	For
QUANTITATIVE MASTER SERIES LLC	32,746	For
KINETICS MUTUAL FUNDS INC	30,000	For
KINETICS PORTFOLIOS TRUST	30,000	For
Lincoln Financial	15,728	For
Bridge Builder Trust	14,480	For
Six Circles Trust	10,603	For
AIG/SunAmerica	10,417	For
Global X	9,271	For
Northern Trust	9,270	For
Pacific Life	8,214	For
Nationwide	6,983	For
Brighthouse	6,744	For
John Hancock	6,659	For

Showing the 25 largest of 49 asset managers. See all 49 in the interactive database.

5. Elect Director: Patrick J. Beirne

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 16,641,289WITHHELD: 352,595

Details: description as filed, official tally, votes by 49 asset managers

Description as filed by funds: Election of Directors: Patrick J. Beirne

Pure Cycle Corporation’s own tally for this item (“Elect Director: Patrick J. Beirne”): 16,641,289 for, 352,595 withheld, per its Form 8-K filed January 16, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 49 asset managers below reported 3,805,845 for, 15,963 withheld, 1,216 abstained.

FOR

FOR: 3,805,845ABSTAIN: 1,216WITHHOLD: 15,963

Largest asset managers voting on “Election of Directors: Patrick J. Beirne” at Pure Cycle Corporation, 2025-2026
Asset manager	For	Withheld	Vote
Vanguard	982,542	0	For
HEARTLAND GROUP INC	627,264	0	For
BlackRock	591,924	0	For
Fidelity	436,988	0	For
MERIDIAN FUND INC	315,003	0	For
Dimensional	177,890	0	For
RBB FUND, INC.	156,370	0	For
FORUM FUNDS II	77,499	0	For
TIAA	67,246	0	For
Charles Schwab	58,612	0	For
Equitable	35,395	15,870	Mixed
Goldman Sachs	43,522	0	For
QUANTITATIVE MASTER SERIES LLC	32,746	0	For
KINETICS MUTUAL FUNDS INC	30,000	0	For
KINETICS PORTFOLIOS TRUST	30,000	0	For
Lincoln Financial	15,728	0	For
Bridge Builder Trust	14,480	0	For
Six Circles Trust	10,603	0	For
AIG/SunAmerica	10,417	0	For
Global X	9,271	0	For
Northern Trust	9,270	0	For
Pacific Life	8,214	0	For
Nationwide	6,983	0	For
Brighthouse	6,744	0	For
John Hancock	6,659	0	For

Showing the 25 largest of 49 asset managers. See all 49 in the interactive database.

6. Elect Director: Susan D. Heitmann

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 16,757,597WITHHELD: 236,287

Details: description as filed, official tally, votes by 49 asset managers

Description as filed by funds: Election of Directors: Susan D. Heitmann

Pure Cycle Corporation’s own tally for this item (“Elect Director: Susan D. Heitmann”): 16,757,597 for, 236,287 withheld, per its Form 8-K filed January 16, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 49 asset managers below reported 3,807,154 for, 15,870 withheld.

FOR

FOR: 3,807,154WITHHOLD: 15,870

Largest asset managers voting on “Election of Directors: Susan D. Heitmann” at Pure Cycle Corporation, 2025-2026
Asset manager	For	Withheld	Vote
Vanguard	982,542	0	For
HEARTLAND GROUP INC	627,264	0	For
BlackRock	591,924	0	For
Fidelity	436,988	0	For
MERIDIAN FUND INC	315,003	0	For
Dimensional	177,890	0	For
RBB FUND, INC.	156,370	0	For
FORUM FUNDS II	77,499	0	For
TIAA	67,246	0	For
Charles Schwab	58,612	0	For
Equitable	35,395	15,870	Mixed
Goldman Sachs	43,522	0	For
QUANTITATIVE MASTER SERIES LLC	32,746	0	For
KINETICS MUTUAL FUNDS INC	30,000	0	For
KINETICS PORTFOLIOS TRUST	30,000	0	For
Lincoln Financial	15,728	0	For
Bridge Builder Trust	14,480	0	For
Six Circles Trust	10,603	0	For
AIG/SunAmerica	10,417	0	For
Global X	9,271	0	For
Northern Trust	9,270	0	For
Pacific Life	8,214	0	For
Nationwide	6,983	0	For
Brighthouse	6,744	0	For
John Hancock	6,659	0	For

Showing the 25 largest of 49 asset managers. See all 49 in the interactive database.

7. Elect Director: Wanda J. Abel

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 16,579,170WITHHELD: 414,714

Details: description as filed, official tally, votes by 49 asset managers

Description as filed by funds: Election of Directors: Wanda J. Abel

Pure Cycle Corporation’s own tally for this item (“Elect Director: Wanda J. Abel”): 16,579,170 for, 414,714 withheld, per its Form 8-K filed January 16, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 49 asset managers below reported 3,794,706 for, 22,025 withheld, 6,293 abstained.

FOR

FOR: 3,794,706ABSTAIN: 6,293WITHHOLD: 22,025

Largest asset managers voting on “Election of Directors: Wanda J. Abel” at Pure Cycle Corporation, 2025-2026
Asset manager	For	Abstain	Withheld	Vote
Vanguard	982,542	0	0	For
HEARTLAND GROUP INC	627,264	0	0	For
BlackRock	591,924	0	0	For
Fidelity	436,988	0	0	For
MERIDIAN FUND INC	315,003	0	0	For
Dimensional	177,890	0	0	For
RBB FUND, INC.	156,370	0	0	For
FORUM FUNDS II	77,499	0	0	For
TIAA	67,246	0	0	For
Charles Schwab	58,612	0	0	For
Equitable	35,395	0	15,870	Mixed
Goldman Sachs	43,522	0	0	For
QUANTITATIVE MASTER SERIES LLC	32,746	0	0	For
KINETICS MUTUAL FUNDS INC	30,000	0	0	For
KINETICS PORTFOLIOS TRUST	30,000	0	0	For
Lincoln Financial	15,728	0	0	For
Bridge Builder Trust	8,187	6,293	0	Mixed
Six Circles Trust	10,603	0	0	For
AIG/SunAmerica	10,417	0	0	For
Global X	9,271	0	0	For
Northern Trust	9,270	0	0	For
Pacific Life	8,214	0	0	For
Nationwide	6,983	0	0	For
Brighthouse	6,744	0	0	For
John Hancock	6,659	0	0	For

Showing the 25 largest of 49 asset managers. See all 49 in the interactive database.

8. 3. For the approval, on an advisory basis, of executive compensation

Outcome not verified Fund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 16,361,699AGAINST: 391,001

Details: description as filed, official tally, votes by 148 asset managers

Description as filed by funds: Approval on an advisory basis, of compensation of the Company's named executive officers.

Pure Cycle Corporation’s own tally for this item (“3. For the approval, on an advisory basis, of executive compensation”): 16,361,699 for, 391,001 against, per its Form 8-K filed January 16, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports: 49 asset managers voting on “Approval on an advisory basis, of compensation of the Company's named executive officers.” at Pure Cycle Corporation, 2025-2026
Asset manager	For	Vote
Vanguard	982,542	For
HEARTLAND GROUP INC	627,264	For
BlackRock	591,924	For
Fidelity	436,988	For
MERIDIAN FUND INC	315,003	For
Dimensional	177,890	For
RBB FUND, INC.	156,370	For
FORUM FUNDS II	77,499	For
TIAA	67,246	For
Charles Schwab	58,612	For
Equitable	51,265	For
Goldman Sachs	43,522	For
QUANTITATIVE MASTER SERIES LLC	32,746	For
KINETICS MUTUAL FUNDS INC	30,000	For
KINETICS PORTFOLIOS TRUST	30,000	For
Lincoln Financial	15,728	For
Bridge Builder Trust	14,480	For
Six Circles Trust	10,603	For
AIG/SunAmerica	10,417	For
Global X	9,271	For
Northern Trust	9,270	For
Pacific Life	8,214	For
Nationwide	6,983	For
Brighthouse	6,744	For
John Hancock	6,659	For

Fund voting reports, all 49 managers: 3,818,186 for, 4,838 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 114 asset managers voting on “Approval on an advisory basis, of compensation of the Company's named executive officers.” at Pure Cycle Corporation, 2025-2026
Asset manager	For	Against	Vote
MAGNOLIA GROUP, LLC	2,015,291	0	For
SAPIENT CAPITAL LLC	692,584	0	For
HEARTLAND ADVISORS INC	627,264	0	For
GEODE CAPITAL MANAGEMENT, LLC	509,260	0	For
BlackRock	493,638	5,328	For
ArrowMark Colorado Holdings LLC	482,646	0	For
KENNEDY CAPITAL MANAGEMENT LLC	233,881	243,125	Mixed
State Street	355,027	1,480	For
Curi Capital, LLC	326,691	0	For
FIRST WILSHIRE SECURITIES MANAGEMENT INC	323,676	0	For
EPIQ PARTNERS, LLC	238,445	0	For
Boston Partners	187,302	0	For
Vanguard	160,377	0	For
Northern Trust	135,512	694	For
BLAIR WILLIAM & CO/IL	124,112	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	113,310	0	For
BECK MACK & OLIVER LLC	106,584	0	For
T. Rowe Price	94,623	0	For
Diamond Hill Capital Management, LLC (Investment Advisor)	77,499	0	For
MELLON INVESTMENTS Corp	0	68,421	Against
Nuveen	67,789	0	For
Charles Schwab	58,627	0	For
FIRST MANHATTAN CO. LLC.	56,725	0	For
STRS OHIO	48,900	0	For
DE Shaw	48,827	0	For

Institutional-manager reports, all 114 managers: 8,053,068 for, 378,756 against, 500 not voted, 4,046 1 year. Showing the 25 largest; see all in the interactive database.

9. Recommend, by advisory vote, the frequency of future advisory votes on executive compensation.

No official match Fund totals may overlapSECTION 14A SAY-ON-PAY VOTES

Combines 2 wordings of this item as funds reported it.

99% Fund and manager reports combined; may count the same shares twice · no official result

1 YEAR

Details: votes by 146 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 49 asset managers voting on “Recommend, by advisory vote, the frequency of future advisory votes on executive compensation.” at Pure Cycle Corporation, 2025-2026
Asset manager	For	Vote
Vanguard	0	--
HEARTLAND GROUP INC	0	--
BlackRock	0	--
Fidelity	0	--
MERIDIAN FUND INC	0	--
Dimensional	0	--
RBB FUND, INC.	0	--
FORUM FUNDS II	0	--
TIAA	0	--
Charles Schwab	0	--
Equitable	0	--
Goldman Sachs	0	--
QUANTITATIVE MASTER SERIES LLC	0	--
KINETICS MUTUAL FUNDS INC	0	--
KINETICS PORTFOLIOS TRUST	0	--
Lincoln Financial	0	--
Bridge Builder Trust	0	--
Six Circles Trust	0	--
AIG/SunAmerica	0	--
Global X	0	--
Northern Trust	0	--
Pacific Life	0	--
Nationwide	0	--
Brighthouse	6,744	For
John Hancock	0	--

Fund voting reports, all 49 managers: 6,744 for, 3,623,314 1 year, 192,966 3 year. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 112 asset managers voting on “Recommend, by advisory vote, the frequency of future advisory votes on executive compensation.” at Pure Cycle Corporation, 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
MAGNOLIA GROUP, LLC	0	0	0	0	--
SAPIENT CAPITAL LLC	0	0	0	0	--
HEARTLAND ADVISORS INC	0	0	0	0	--
GEODE CAPITAL MANAGEMENT, LLC	0	0	0	0	--
BlackRock	0	0	0	0	--
ArrowMark Colorado Holdings LLC	0	0	0	0	--
KENNEDY CAPITAL MANAGEMENT LLC	0	0	0	0	--
State Street	0	0	0	0	--
Curi Capital, LLC	0	0	0	0	--
FIRST WILSHIRE SECURITIES MANAGEMENT INC	0	0	0	0	--
EPIQ PARTNERS, LLC	0	0	0	0	--
Boston Partners	0	0	0	0	--
Vanguard	0	0	0	0	--
Northern Trust	0	0	0	0	--
BLAIR WILLIAM & CO/IL	0	0	0	0	--
PARAMETRIC PORTFOLIO ASSOCIATES LLC	0	0	0	0	--
BECK MACK & OLIVER LLC	0	0	0	0	--
T. Rowe Price	0	0	0	0	--
Diamond Hill Capital Management, LLC (Investment Advisor)	0	0	0	0	--
MELLON INVESTMENTS Corp	0	0	0	0	--
Nuveen	0	0	0	0	--
Charles Schwab	0	0	0	0	--
FIRST MANHATTAN CO. LLC.	0	0	0	0	--
STRS OHIO	0	0	0	0	--
DE Shaw	0	0	0	0	--

Institutional-manager reports, all 112 managers: 4,000 for, 146 against, 500 not voted, 7,708,302 1 year, 714,757 3 year. Showing the 25 largest; see all in the interactive database.

10. 2. For the ratification of the appointment of Forvis Mazars, LLP as the Registrant's independent registered public…

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

Combines 2 wordings of this item as funds reported it.

99.9% Majority: yes · of votes cast

FOR 99.9%

FOR: 20,251,933AGAINST: 16,481

Details: description as filed, official tally, votes by 50 asset managers

Description as filed by funds: RATIFICATION OF APPOINTMENT OF FORVIS MAZARS, LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING AUGUST 31, 2026.

Pure Cycle Corporation’s own tally for this item (“2. For the ratification of the appointment of Forvis Mazars, LLP as the Registrant's independent registered public accounting firm for the 2026 fiscal year”): 20,251,933 for, 16,481 against, per its Form 8-K filed January 16, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 50 asset managers below reported 3,823,636 for.

FOR

FOR: 3,823,636

Largest asset managers voting on “RATIFICATION OF APPOINTMENT OF FORVIS MAZARS, LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE” at Pure Cycle Corporation, 2025-2026
Asset manager	For	Vote
Vanguard	982,542	For
HEARTLAND GROUP INC	627,264	For
BlackRock	591,924	For
Fidelity	436,988	For
MERIDIAN FUND INC	315,003	For
Dimensional	177,890	For
RBB FUND, INC.	156,370	For
FORUM FUNDS II	77,499	For
TIAA	67,246	For
Charles Schwab	58,612	For
Equitable	51,265	For
Goldman Sachs	43,522	For
QUANTITATIVE MASTER SERIES LLC	32,746	For
KINETICS MUTUAL FUNDS INC	30,000	For
KINETICS PORTFOLIOS TRUST	30,000	For
Lincoln Financial	15,728	For
Bridge Builder Trust	14,480	For
Six Circles Trust	10,603	For
AIG/SunAmerica	10,417	For
Global X	9,271	For
Northern Trust	9,270	For
Pacific Life	8,214	For
Nationwide	6,983	For
Brighthouse	6,744	For
John Hancock	6,659	For

Showing the 25 largest of 50 asset managers. See all 50 in the interactive database.

Largest Pure Cycle Corporation shareholders voting in 2025-2026

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 24,090,605 shares outstanding at the time of that meeting.

Fund voting reports: top Pure Cycle Corporation shareholders by shares voted on “Approval on an advisory basis, of compensation of the Company's named executive officers.”, 2025-2026
#	Asset manager	% of shares outstanding
1	Vanguard	4.08%
2	HEARTLAND GROUP INC	2.60%
3	BlackRock	2.46%
4	Fidelity	1.81%
5	MERIDIAN FUND INC	1.31%
6	Dimensional	0.74%
7	RBB FUND, INC.	0.65%
8	FORUM FUNDS II	0.32%
9	TIAA	0.28%
10	Charles Schwab	0.24%

Institutional-manager reports: top Pure Cycle Corporation shareholders by shares voted on “Approval on an advisory basis, of compensation of the Company's named executive officers.”, 2025-2026
#	Asset manager	% of shares outstanding
1	MAGNOLIA GROUP, LLC	8.37%
2	SAPIENT CAPITAL LLC	2.87%
3	HEARTLAND ADVISORS INC	2.60%
4	GEODE CAPITAL MANAGEMENT, LLC	2.11%
5	BlackRock	2.07%
6	ArrowMark Colorado Holdings LLC	2.00%
7	KENNEDY CAPITAL MANAGEMENT LLC	1.98%
8	State Street	1.48%
9	Curi Capital, LLC	1.36%
10	FIRST WILSHIRE SECURITIES MANAGEMENT INC	1.34%

Reported Pure Cycle Corporation holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

Pure Cycle Corporation holdings and ownership disclosed for the 2025-2026 proxy season
Holder	% outstanding	Disclosure
Maran Capital Management, LLC	14.73%	13D
Magnolia Capital Fund, LP	8.67%	DEF14A
BlackRock	5.69%	13F
Vanguard Group	4.76%	13F
Mark W. Harding **	4.34%	DEF14A
Dimensional Fund Advisors	1.93%	13F
State Street	1.86%	13F
Daniel R. Kozlowski **	1.45%	DEF14A
Morgan Stanley	0.95%	13F
Northern Trust	0.73%	13F

Percentages above are of 24,090,605 shares outstanding, as reported by Pure Cycle Corporation on its Form 10-Q dated January 6, 2026 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from Pure Cycle Corporation’s 10-Q dated January 6, 2026. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At Pure Cycle Corporation's shareholder meeting held January 14, 2026, in the 2025-2026 proxy season, 148 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,391 separate fund positions. Their filings are grouped here into 10 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Approval on an advisory basis, of compensation of the Company's named executive officers. — FOR was 98% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: Pure Cycle Corporation's Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on January 16, 2026.

Pure Cycle Corporation proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

Download data (CSV): ballot items · votes by manager · column guide.