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U.S. PHYSICAL THERAPY INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and U.S. PHYSICAL THERAPY INC.’s Form 8-K, filed May 20, 2025 (Item 5.07 on EDGAR). Page generated October 14, 2026.

10Ballot items
298Asset managers
2,738Fund votes
May 20, 2025Meeting date

Results at a glance

Meeting of May 20, 2025: 10 items on U.S. PHYSICAL THERAPY INC.’s Form 8-K, filed May 20, 2025: 10 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 U.S. PHYSICAL THERAPY INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by U.S. PHYSICAL THERAPY INC.

These tallies are U.S. PHYSICAL THERAPY INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 20, 2025 (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.

U.S. PHYSICAL THERAPY INC. — official shareholder meeting results, meeting held May 20, 2025
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Dr. Bernard A. Harris, Jr.	12,422,647	--	--	1,175,315	--	91%	Not verified	—
Elect Director: Christopher J. Reading	13,200,384	--	--	397,578	--	97%	Not verified	—
Elect Director: Clayton K. Trier	12,576,544	--	--	1,021,418	--	92%	Not verified	—
Elect Director: Regg E. Swanson	13,303,077	--	--	294,885	--	98%	Not verified	—
Elect Director: Anne B. Motsenbocker	13,484,301	--	--	113,661	--	99.1%	Not verified	—
Elect Director: Kathleen A. Gilmartin	12,792,635	--	--	805,327	--	94%	Not verified	—
Elect Director: Nancy J. Ham	13,500,869	--	--	97,093	--	99.2%	Not verified	—
Elect Director: Michael G. Mayrsohn	13,235,054	--	--	362,908	--	97%	Not verified	—
2. Advisory vote to approve named executive officer compensation	12,429,355	1,166,532	2,075	--	565,839	91%	Not verified	—
3. Ratification of Grant Thornton LLP as the Company's independent registered public accounting firm for 2024	14,019,968	141,515	2,318	--	--	99.0%	Not verified	—

Source: U.S. PHYSICAL THERAPY INC., Form 8-K, filed with the SEC on May 20, 2025 — read the filing on EDGAR.

How asset managers voted at the U.S. PHYSICAL THERAPY INC. 2024-2025 meeting

Each item below shows how the 298 asset managers that disclosed a U.S. PHYSICAL THERAPY INC. 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.

1. Elect Director: Anne B. Motsenbocker

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%

FOR: 13,484,301WITHHELD: 113,661

Details: description as filed, official tally, votes by 90 asset managers

Description as filed by funds: Election of eight directors to serve until the next annual meeting of stockholders: Anne B. Motsenbocker

U.S. PHYSICAL THERAPY INC.’s own tally for this item (“Elect Director: Anne B. Motsenbocker”): 13,484,301 for, 113,661 withheld, per its Form 8-K filed May 20, 2025 (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: 99.1% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 90 asset managers below reported 7,042,753 for, 95 withheld, 144 abstained.

FOR

FOR: 7,042,753ABSTAIN: 144WITHHOLD: 95

Largest asset managers voting on “Election of eight directors to serve until the next annual meeting of stockholders: Anne B. Motsenbocker” at U.S. PHYSICAL THERAPY INC., 2024-2025
Asset manager	For	Withheld	Vote
BlackRock	1,658,996	0	For
Vanguard	1,034,946	0	For
Virtus	682,257	0	For
Calvert	581,718	0	For
Fidelity	475,663	0	For
State Street	334,235	0	For
Dimensional	333,297	0	For
Advisors' Inner Circle Fund III	221,506	62	For
BOSTON TRUST WALDEN FUNDS	207,150	0	For
ETF Series Solutions	187,266	0	For
Charles Schwab	122,578	0	For
TIAA	119,351	0	For
UNIFIED SERIES TRUST	79,445	0	For
Jackson National	68,963	0	For
AMG FUNDS	64,731	0	For
John Hancock	52,759	0	For
SEI	45,773	0	For
TRUST FOR PROFESSIONAL MANAGERS	42,687	0	For
Tax-Managed Small-Cap Portfolio	42,171	0	For
ALGER FUNDS	41,420	0	For
Equitable	41,320	0	For
Hartford	41,265	0	For
Eaton Vance	37,898	0	For
WisdomTree	36,631	0	For
Columbia Threadneedle	31,807	0	For

Showing the 25 largest of 90 asset managers. See all 90 in the interactive database.

2. Elect Director: Christopher J. Reading

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 13,200,384WITHHELD: 397,578

Details: description as filed, official tally, votes by 90 asset managers

Description as filed by funds: Election of eight directors to serve until the next annual meeting of stockholders: Christopher J. Reading

U.S. PHYSICAL THERAPY INC.’s own tally for this item (“Elect Director: Christopher J. Reading”): 13,200,384 for, 397,578 withheld, per its Form 8-K filed May 20, 2025 (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 90 asset managers below reported 7,037,276 for, 438 withheld, 8,139 abstained.

FOR

FOR: 7,037,276ABSTAIN: 8,139WITHHOLD: 438

Largest asset managers voting on “Election of eight directors to serve until the next annual meeting of stockholders: Christopher J. Reading” at U.S. PHYSICAL THERAPY INC., 2024-2025
Asset manager	For	Abstain	Withheld	Vote
BlackRock	1,658,996	0	0	For
Vanguard	1,034,945	1	0	For
Virtus	682,257	0	0	For
Calvert	581,718	0	0	For
Fidelity	475,663	0	0	For
State Street	334,224	0	11	For
Dimensional	333,297	0	0	For
Advisors' Inner Circle Fund III	221,506	0	62	For
BOSTON TRUST WALDEN FUNDS	207,150	0	0	For
ETF Series Solutions	187,266	0	0	For
Charles Schwab	122,578	0	0	For
TIAA	119,351	0	0	For
UNIFIED SERIES TRUST	79,445	0	0	For
Jackson National	68,963	0	0	For
AMG FUNDS	64,731	0	0	For
John Hancock	52,759	0	0	For
SEI	45,773	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	42,687	0	0	For
Tax-Managed Small-Cap Portfolio	42,171	0	0	For
ALGER FUNDS	41,420	0	0	For
Equitable	41,320	0	0	For
Hartford	41,265	0	0	For
Eaton Vance	37,898	0	0	For
WisdomTree	36,631	0	0	For
Columbia Threadneedle	31,807	0	0	For

Showing the 25 largest of 90 asset managers. See all 90 in the interactive database.

3. Elect Director: Clayton K. Trier

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%

FOR: 12,576,544WITHHELD: 1,021,418

Details: description as filed, official tally, votes by 90 asset managers

Description as filed by funds: Election of eight directors to serve until the next annual meeting of stockholders: Clayton K. Trier

U.S. PHYSICAL THERAPY INC.’s own tally for this item (“Elect Director: Clayton K. Trier”): 12,576,544 for, 1,021,418 withheld, per its Form 8-K filed May 20, 2025 (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: 92% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 90 asset managers below reported 6,452,181 for, 582,672 withheld, 8,140 abstained.

FOR

FOR: 6,452,181ABSTAIN: 8,140WITHHOLD: 582,672

Largest asset managers voting on “Election of eight directors to serve until the next annual meeting of stockholders: Clayton K. Trier” at U.S. PHYSICAL THERAPY INC., 2024-2025
Asset manager	For	Abstain	Withheld	Vote
BlackRock	1,658,996	0	0	For
Vanguard	1,034,428	2	516	For
Virtus	682,257	0	0	For
Calvert	0	0	581,718	Withhold
Fidelity	475,663	0	0	For
State Street	334,224	0	11	For
Dimensional	333,297	0	0	For
Advisors' Inner Circle Fund III	221,506	0	62	For
BOSTON TRUST WALDEN FUNDS	207,150	0	0	For
ETF Series Solutions	187,266	0	0	For
Charles Schwab	122,578	0	0	For
TIAA	119,351	0	0	For
UNIFIED SERIES TRUST	79,445	0	0	For
Jackson National	68,963	0	0	For
AMG FUNDS	64,731	0	0	For
John Hancock	52,759	0	0	For
SEI	45,773	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	42,687	0	0	For
Tax-Managed Small-Cap Portfolio	42,171	0	0	For
ALGER FUNDS	41,420	0	0	For
Equitable	41,320	0	0	For
Hartford	41,265	0	0	For
Eaton Vance	37,898	0	0	For
WisdomTree	36,631	0	0	For
Columbia Threadneedle	31,807	0	0	For

Showing the 25 largest of 90 asset managers. See all 90 in the interactive database.

4. Elect Director: Dr. Bernard A. Harris, Jr.

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 7 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%

FOR: 12,422,647WITHHELD: 1,175,315

Details: description as filed, official tally, votes by 90 asset managers

Description as filed by funds: Election of eight directors to serve until the next annual meeting of stockholders: Dr. Bernard A. Harris Jr.

U.S. PHYSICAL THERAPY INC.’s own tally for this item (“Elect Director: Dr. Bernard A. Harris, Jr.”): 12,422,647 for, 1,175,315 withheld, per its Form 8-K filed May 20, 2025 (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: 91% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 90 asset managers below reported 6,335,928 for, 701,928 withheld, 7,996 abstained.

FOR

FOR: 6,335,928ABSTAIN: 7,996WITHHOLD: 701,928

Largest asset managers voting on “Election of eight directors to serve until the next annual meeting of stockholders: Dr. Bernard A. Harris Jr.” at U.S. PHYSICAL THERAPY INC., 2024-2025
Asset manager	For	Abstain	Withheld	Vote
BlackRock	1,658,996	0	0	For
Vanguard	1,034,428	2	516	For
Virtus	682,257	0	0	For
Calvert	0	0	581,718	Withhold
Fidelity	475,663	0	0	For
State Street	334,224	0	11	For
Dimensional	333,297	0	0	For
Advisors' Inner Circle Fund III	221,568	0	0	For
BOSTON TRUST WALDEN FUNDS	207,150	0	0	For
ETF Series Solutions	187,266	0	0	For
Charles Schwab	122,578	0	0	For
TIAA	0	0	119,351	Withhold
UNIFIED SERIES TRUST	79,445	0	0	For
Jackson National	68,963	0	0	For
AMG FUNDS	64,731	0	0	For
John Hancock	52,759	0	0	For
SEI	45,773	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	42,687	0	0	For
Tax-Managed Small-Cap Portfolio	42,171	0	0	For
ALGER FUNDS	41,420	0	0	For
Equitable	41,320	0	0	For
Hartford	41,265	0	0	For
Eaton Vance	37,898	0	0	For
WisdomTree	36,631	0	0	For
Columbia Threadneedle	31,807	0	0	For

Showing the 25 largest of 90 asset managers. See all 90 in the interactive database.

5. Elect Director: Kathleen A. Gilmartin

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 12,792,635WITHHELD: 805,327

Details: description as filed, official tally, votes by 90 asset managers

Description as filed by funds: Election of eight directors to serve until the next annual meeting of stockholders: Kathleen A. Gilmartin

U.S. PHYSICAL THERAPY INC.’s own tally for this item (“Elect Director: Kathleen A. Gilmartin”): 12,792,635 for, 805,327 withheld, per its Form 8-K filed May 20, 2025 (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: 94% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 90 asset managers below reported 6,463,378 for, 582,329 withheld, 145 abstained.

FOR

FOR: 6,463,378ABSTAIN: 145WITHHOLD: 582,329

Largest asset managers voting on “Election of eight directors to serve until the next annual meeting of stockholders: Kathleen A. Gilmartin” at U.S. PHYSICAL THERAPY INC., 2024-2025
Asset manager	For	Abstain	Withheld	Vote
BlackRock	1,658,996	0	0	For
Vanguard	1,034,429	1	516	For
Virtus	682,257	0	0	For
Calvert	0	0	581,718	Withhold
Fidelity	475,663	0	0	For
State Street	334,235	0	0	For
Dimensional	333,297	0	0	For
Advisors' Inner Circle Fund III	221,506	0	62	For
BOSTON TRUST WALDEN FUNDS	207,150	0	0	For
ETF Series Solutions	187,266	0	0	For
Charles Schwab	122,578	0	0	For
TIAA	119,351	0	0	For
UNIFIED SERIES TRUST	79,445	0	0	For
Jackson National	68,963	0	0	For
AMG FUNDS	64,731	0	0	For
John Hancock	52,759	0	0	For
SEI	45,773	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	42,687	0	0	For
Tax-Managed Small-Cap Portfolio	42,171	0	0	For
ALGER FUNDS	41,420	0	0	For
Equitable	41,320	0	0	For
Hartford	41,265	0	0	For
Eaton Vance	37,898	0	0	For
WisdomTree	36,631	0	0	For
Columbia Threadneedle	31,807	0	0	For

Showing the 25 largest of 90 asset managers. See all 90 in the interactive database.

6. Elect Director: Michael G. Mayrsohn

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 13,235,054WITHHELD: 362,908

Details: description as filed, official tally, votes by 90 asset managers

Description as filed by funds: Election of eight directors to serve until the next annual meeting of stockholders: Michael G. Mayrsohn

U.S. PHYSICAL THERAPY INC.’s own tally for this item (“Elect Director: Michael G. Mayrsohn”): 13,235,054 for, 362,908 withheld, per its Form 8-K filed May 20, 2025 (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 90 asset managers below reported 6,955,210 for, 53,517 withheld, 34,265 abstained.

FOR

FOR: 6,955,210ABSTAIN: 34,265WITHHOLD: 53,517

Largest asset managers voting on “Election of eight directors to serve until the next annual meeting of stockholders: Michael G. Mayrsohn” at U.S. PHYSICAL THERAPY INC., 2024-2025
Asset manager	For	Abstain	Withheld	Vote
BlackRock	1,658,996	0	0	For
Vanguard	1,034,946	0	0	For
Virtus	682,257	0	0	For
Calvert	581,718	0	0	For
Fidelity	475,663	0	0	For
State Street	334,224	0	11	For
Dimensional	333,297	0	0	For
Advisors' Inner Circle Fund III	221,568	0	0	For
BOSTON TRUST WALDEN FUNDS	207,150	0	0	For
ETF Series Solutions	187,266	0	0	For
Charles Schwab	122,578	0	0	For
TIAA	119,351	0	0	For
UNIFIED SERIES TRUST	79,445	0	0	For
Jackson National	42,692	26,271	0	Mixed
AMG FUNDS	64,731	0	0	For
John Hancock	52,759	0	0	For
SEI	45,773	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	42,687	0	0	For
Tax-Managed Small-Cap Portfolio	42,171	0	0	For
ALGER FUNDS	41,420	0	0	For
Equitable	41,320	0	0	For
Hartford	41,265	0	0	For
Eaton Vance	37,898	0	0	For
WisdomTree	0	0	36,631	Withhold
Columbia Threadneedle	31,807	0	0	For

Showing the 25 largest of 90 asset managers. See all 90 in the interactive database.

7. Elect Director: Nancy J. Ham

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%

FOR: 13,500,869WITHHELD: 97,093

Details: description as filed, official tally, votes by 90 asset managers

Description as filed by funds: Election of eight directors to serve until the next annual meeting of stockholders: Nancy J. Ham

U.S. PHYSICAL THERAPY INC.’s own tally for this item (“Elect Director: Nancy J. Ham”): 13,500,869 for, 97,093 withheld, per its Form 8-K filed May 20, 2025 (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: 99.2% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 90 asset managers below reported 7,042,992 for, 0 abstained.

FOR

FOR: 7,042,992ABSTAIN: 0

Largest asset managers voting on “Election of eight directors to serve until the next annual meeting of stockholders: Nancy J. Ham” at U.S. PHYSICAL THERAPY INC., 2024-2025
Asset manager	For	Vote
BlackRock	1,658,996	For
Vanguard	1,034,946	For
Virtus	682,257	For
Calvert	581,718	For
Fidelity	475,663	For
State Street	334,235	For
Dimensional	333,297	For
Advisors' Inner Circle Fund III	221,568	For
BOSTON TRUST WALDEN FUNDS	207,150	For
ETF Series Solutions	187,266	For
Charles Schwab	122,578	For
TIAA	119,351	For
UNIFIED SERIES TRUST	79,445	For
Jackson National	68,963	For
AMG FUNDS	64,731	For
John Hancock	52,759	For
SEI	45,773	For
TRUST FOR PROFESSIONAL MANAGERS	42,687	For
Tax-Managed Small-Cap Portfolio	42,171	For
ALGER FUNDS	41,420	For
Equitable	41,320	For
Hartford	41,265	For
Eaton Vance	37,898	For
WisdomTree	36,631	For
Columbia Threadneedle	31,807	For

Showing the 25 largest of 90 asset managers. See all 90 in the interactive database.

8. Elect Director: Regg E. Swanson

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 13,303,077WITHHELD: 294,885

Details: description as filed, official tally, votes by 90 asset managers

Description as filed by funds: Election of eight directors to serve until the next annual meeting of stockholders: Regg E. Swanson

U.S. PHYSICAL THERAPY INC.’s own tally for this item (“Elect Director: Regg E. Swanson”): 13,303,077 for, 294,885 withheld, per its Form 8-K filed May 20, 2025 (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 90 asset managers below reported 7,037,276 for, 438 withheld, 8,138 abstained.

FOR

FOR: 7,037,276ABSTAIN: 8,138WITHHOLD: 438

Largest asset managers voting on “Election of eight directors to serve until the next annual meeting of stockholders: Regg E. Swanson” at U.S. PHYSICAL THERAPY INC., 2024-2025
Asset manager	For	Withheld	Vote
BlackRock	1,658,996	0	For
Vanguard	1,034,946	0	For
Virtus	682,257	0	For
Calvert	581,718	0	For
Fidelity	475,663	0	For
State Street	334,224	11	For
Dimensional	333,297	0	For
Advisors' Inner Circle Fund III	221,506	62	For
BOSTON TRUST WALDEN FUNDS	207,150	0	For
ETF Series Solutions	187,266	0	For
Charles Schwab	122,578	0	For
TIAA	119,351	0	For
UNIFIED SERIES TRUST	79,445	0	For
Jackson National	68,963	0	For
AMG FUNDS	64,731	0	For
John Hancock	52,759	0	For
SEI	45,773	0	For
TRUST FOR PROFESSIONAL MANAGERS	42,687	0	For
Tax-Managed Small-Cap Portfolio	42,171	0	For
ALGER FUNDS	41,420	0	For
Equitable	41,320	0	For
Hartford	41,265	0	For
Eaton Vance	37,898	0	For
WisdomTree	36,631	0	For
Columbia Threadneedle	31,807	0	For

Showing the 25 largest of 90 asset managers. See all 90 in the interactive database.

9. 2. Advisory vote to approve named executive officer compensation

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

Combines 7 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%

FOR: 12,429,355AGAINST: 1,166,532

Details: description as filed, official tally, votes by 298 asset managers

Description as filed by funds: Advisory vote to approve the named executive officer compensation.

U.S. PHYSICAL THERAPY INC.’s own tally for this item (“2. Advisory vote to approve named executive officer compensation”): 12,429,355 for, 1,166,532 against, per its Form 8-K filed May 20, 2025 (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: 91% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

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).

Fund voting reports: 92 asset managers voting on “Advisory vote to approve the named executive officer compensation.” at U.S. PHYSICAL THERAPY INC., 2024-2025
Asset manager	For	Against	Vote
BlackRock	1,658,996	0	For
Vanguard	1,034,944	2	For
Virtus	682,257	0	For
Calvert	0	581,718	Against
Fidelity	475,663	0	For
State Street	334,125	110	For
Dimensional	333,297	0	For
Advisors' Inner Circle Fund III	221,506	62	For
BOSTON TRUST WALDEN FUNDS	207,150	0	For
ETF Series Solutions	187,266	0	For
Charles Schwab	122,578	0	For
TIAA	119,351	0	For
UNIFIED SERIES TRUST	79,445	0	For
Jackson National	68,963	0	For
AMG FUNDS	64,731	0	For
John Hancock	52,759	0	For
SEI	45,773	0	For
TRUST FOR PROFESSIONAL MANAGERS	42,687	0	For
Tax-Managed Small-Cap Portfolio	42,171	0	For
ALGER FUNDS	0	41,420	Against
Equitable	41,320	0	For
Hartford	41,265	0	For
Eaton Vance	37,898	0	For
WisdomTree	36,631	0	For
Columbia Threadneedle	0	31,807	Against

Fund voting reports, all 92 managers: 6,380,792 for, 675,076 against, 0 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 229 asset managers voting on “Advisory vote to approve the named executive officer compensation.” at U.S. PHYSICAL THERAPY INC., 2024-2025
Asset manager	For	Against	Vote
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	937,417	0	For
Calvert	0	622,491	Against
Copeland Capital Management, LLC	547,576	0	For
State Street	542,947	150	For
SCHRODER INVESTMENT MANAGEMENT GROUP	417,060	0	For
BlackRock	412,508	3,051	For
GEODE CAPITAL MANAGEMENT, LLC	344,805	0	For
GW&K Investment Management, LLC	288,225	0	For
Northern Trust	261,642	0	For
Boston Trust Walden Co	220,166	0	For
RIVERBRIDGE PARTNERS LLC	187,792	0	For
Point72	175,906	0	For
AMERIPRISE FINANCIAL INC	88,703	79,042	Mixed
Fidelity	165,028	0	For
ENVESTNET ASSET MANAGEMENT INC	153,186	0	For
SOUTHERNSUN ASSET MANAGEMENT, LLC	145,403	0	For
Eaton Vance	137,023	0	For
Charles Schwab	133,778	0	For
CRAWFORD INVESTMENT COUNSEL INC	133,556	0	For
Nuveen	120,411	0	For
BAHL & GAYNOR INC	115,155	0	For
ROCKEFELLER & CO. LLC	109,359	0	For
Woodline Partners LP	99,782	0	For
SEI	94,272	0	For
MELLON INVESTMENTS Corp	91,303	0	For

Institutional-manager reports, all 229 managers: 7,651,669 for, 1,017,644 against, 236 abstained, 925 not voted, 257 unknown. Showing the 25 largest; see all in the interactive database.

10. 3. Ratification of Grant Thornton LLP as the Company's independent registered public accounting firm for 2024

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

Combines 2 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%

FOR: 14,019,968AGAINST: 141,515

Details: description as filed, official tally, votes by 93 asset managers

Description as filed by funds: RATIFICATION OF THE APPOINTMENT OF GRANT THORNTON LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2025.

U.S. PHYSICAL THERAPY INC.’s own tally for this item (“3. Ratification of Grant Thornton LLP as the Company's independent registered public accounting firm for 2024”): 14,019,968 for, 141,515 against, per its Form 8-K filed May 20, 2025 (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: 99.0% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 93 asset managers below reported 7,055,374 for, 527 against, 0 abstained.

FOR

FOR: 7,055,374AGAINST: 527ABSTAIN: 0

Largest asset managers voting on “RATIFICATION OF THE APPOINTMENT OF GRANT THORNTON LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR” at U.S. PHYSICAL THERAPY INC., 2024-2025
Asset manager	For	Against	Vote
BlackRock	1,658,996	0	For
Vanguard	1,034,430	516	For
Virtus	682,257	0	For
Calvert	581,718	0	For
Fidelity	475,663	0	For
State Street	334,224	11	For
Dimensional	333,297	0	For
Advisors' Inner Circle Fund III	221,568	0	For
BOSTON TRUST WALDEN FUNDS	207,150	0	For
ETF Series Solutions	187,266	0	For
Charles Schwab	122,578	0	For
TIAA	119,351	0	For
UNIFIED SERIES TRUST	79,445	0	For
Jackson National	68,963	0	For
AMG FUNDS	64,731	0	For
John Hancock	52,759	0	For
SEI	45,773	0	For
TRUST FOR PROFESSIONAL MANAGERS	42,687	0	For
Tax-Managed Small-Cap Portfolio	42,171	0	For
ALGER FUNDS	41,420	0	For
Equitable	41,320	0	For
Hartford	41,265	0	For
Eaton Vance	37,898	0	For
WisdomTree	36,631	0	For
Columbia Threadneedle	31,807	0	For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

Not shown here: this season’s fund filings also report 1 item from the meeting of May 21, 2024, which belongs to the 2023-2024 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest U.S. PHYSICAL THERAPY INC. shareholders voting in 2024-2025

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.

Fund voting reports: top U.S. PHYSICAL THERAPY INC. shareholders by shares voted on “Advisory vote to approve the named executive officer compensation.”, 2024-2025
#	Asset manager	Shares voted
1	BlackRock	1,658,996
2	Vanguard	1,034,946
3	Virtus	682,257
4	Calvert	581,718
5	Fidelity	475,663
6	State Street	334,235
7	Dimensional	333,297
8	Advisors' Inner Circle Fund III	221,568
9	BOSTON TRUST WALDEN FUNDS	207,150
10	ETF Series Solutions	187,266

Institutional-manager reports: top U.S. PHYSICAL THERAPY INC. shareholders by shares voted on “Advisory vote to approve the named executive officer compensation.”, 2024-2025
#	Asset manager	Shares voted
1	KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	937,417
2	Calvert	622,491
3	Copeland Capital Management, LLC	547,576
4	State Street	543,097
5	SCHRODER INVESTMENT MANAGEMENT GROUP	417,060
6	BlackRock	415,559
7	GEODE CAPITAL MANAGEMENT, LLC	344,805
8	GW&K Investment Management, LLC	288,225
9	Northern Trust	261,642
10	Boston Trust Walden Co	220,166

Shown as share counts, not percentages: no shares-outstanding figure has been matched to U.S. PHYSICAL THERAPY INC. for the 2024-2025 season, so there is no denominator to divide by.

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. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At U.S. PHYSICAL THERAPY INC.'s shareholder meeting held May 20, 2025, in the 2024-2025 proxy season, 298 asset managers reported how they voted on 10 ballot items in their SEC Form N-PX filings, covering 2,738 separate fund positions. On the most widely held item on that ballot — Advisory vote to approve the named executive officer compensation. — FOR was 91% 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: U.S. PHYSICAL THERAPY INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 20, 2025.

U.S. PHYSICAL THERAPY INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

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