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ADVISORS SERIES TRUST 2025-2026: where it broke with the board

687 proposals in the 2025-2026 proxy season: ADVISORS SERIES TRUST voted against, or withheld its votes from, 659 proposals put forward by company boards, and voted for 28 shareholder proposals, by its own Form N-PX filings.

Two kinds of vote are listed: a board-sponsored proposal ADVISORS SERIES TRUST voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.

Everything Only shareholder proposals it backed

687 proposals.

ADVISORS SERIES TRUST, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedADVISORS SERIES TRUST votedFunds
CORPAY, INC. May 7, 2026 Elect Directors nominated by the Board of Directors for a one-year term: Hala G. Moddelmog Director Elections Board AGAINST 1
COSTAR GROUP, INC. June 23, 2026 Proposal to approve, on an advisory basis, the Company's executive compensation. Say-on-Pay Board AGAINST 1
COSTCO WHOLESALE CORPORATION January 15, 2026 Approval, on an advisory basis, of executive compensation. Say-on-Pay Board AGAINST 1
COUPANG, INC. June 11, 2026 Election of Director: Director withdrawn Director Elections Board AGAINST 1
COUPANG, INC. June 11, 2026 Election of Directors Jason Child Director Elections Board AGAINST 1
CROWN CASTLE INC. May 20, 2026 The non-binding, advisory vote to approve the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 1
CSX CORPORATION May 12, 2026 Election of Directors Linda H. Riefler Director Elections Board AGAINST 1
DARDEN RESTAURANTS, INC. September 17, 2025 DIRECTOR: Juliana L. Chugg Director Elections Board ABSTAIN 1
DATADOG, INC. April 21, 2026 To approve the redomiciliation of the Company from the State of Delaware to the State of Nevada by conversion. Investment Company Matters Board AGAINST 1
DB INSURANCE CO. LTD March 20, 2026 ELECTION OF DIRECTORS (INCLUDING INDEPENDENT DIRECTORS) - CANDIDATE FOR INSIDE DIRECTOR: SEUNG-HYOUNG NAM Director Elections Board AGAINST 1
DEERE & COMPANY February 25, 2026 Vote on Directors Tamra A. Erwin Director Elections Board AGAINST 1
DELL TECHNOLOGIES INC. June 25, 2026 Approval of the Redomestication Proposal providing for the redomestication of Dell Technologies Inc. from Delaware to Texas by conversion as disclosed in the proxy statement Capital Structure Board AGAINST 1
DELL TECHNOLOGIES INC. June 25, 2026 Approval, on a non-binding, advisory basis, of the compensation of Dell Technologies Inc.'s named executive officers as disclosed in the proxy statement Say-on-Pay Board AGAINST 1
DELL TECHNOLOGIES INC. June 25, 2026 DIRECTOR: Ellen J. Kullman* Director Elections Board ABSTAIN 1
DELL TECHNOLOGIES INC. June 25, 2026 DIRECTOR: Lynn V. Radakovich# Director Elections Board ABSTAIN 1
DEVON ENERGY CORPORATION June 30, 2026 DIRECTOR: Kelt Kindick Director Elections Board ABSTAIN 1
DIAMONDBACK ENERGY, INC. May 20, 2026 Election of Directors: Vincent K. Brooks Director Elections Board AGAINST 1
DICK'S SPORTING GOODS, INC. June 10, 2026 Election of Directors, each for a term that expires in 2027. Anne Fink Director Elections Board WITHHOLD 1
DOLLAR GENERAL CORPORATION May 28, 2026 To vote on a shareholder proposal asking the Board to report on the feasibility of adopting a comprehensive human rights policy stating the Company's commitment to respect human rights, in alignment with international human rights standards, throughout its operation and value chain. Human Rights or Human Capital/workforce Shareholder Against FOR 1
DOVER CORPORATION May 8, 2026 Election of Directors H. J. Gilbertson, Jr. Director Elections Board AGAINST 1
DOW INC. April 9, 2026 Election of Directors Samuel R. Allen Director Elections Board AGAINST 1
DRAFTKINGS INC. May 12, 2026 DIRECTOR: Marni M. Walden Director Elections Board ABSTAIN 1
DRAFTKINGS INC. May 12, 2026 DIRECTOR: Woodrow H. Levin Director Elections Board ABSTAIN 1
DUKE ENERGY CORPORATION May 7, 2026 Election of directors Theodore F. Craver, Jr. Director Elections Board AGAINST 1
DUPONT DE NEMOURS, INC. May 21, 2026 Election of Directors Luther C. Kissam IV Director Elections Board ABSTAIN 1
EDISON INTERNATIONAL April 23, 2026 Advisory Vote to Approve Executive Compensation Say-on-Pay Board AGAINST 1
ELI LILLY AND COMPANY May 4, 2026 Election of the following directors, each to serve a three-year term. William Kaelin, Jr. Director Elections Board AGAINST 1
ELI LILLY AND COMPANY May 4, 2026 Shareholder proposal to prepare an annual lobbying report. Other Social Issues Shareholder Against FOR 1
EQT CORPORATION April 14, 2026 Election of 10 Directors Vicky A. Bailey Director Elections Board AGAINST 1
EQUIFAX INC. May 7, 2026 Advisory vote to approve named executive officer compensation (''say-on-pay''). Say-on-Pay Board AGAINST 1
EVERSOURCE ENERGY May 6, 2026 Election of Trustees: David H. Long Director Elections Board AGAINST 1
EVONIK INDUSTRIES AG June 3, 2026 APPROVE REMUNERATION REPORT Say-on-Pay Board AGAINST 1
EXPAND ENERGY CORPORATION June 4, 2026 Election of Directors Matthew M. Gallagher Director Elections Board AGAINST 1
EXPEDIA GROUP, INC. June 17, 2026 Approval, on an advisory basis, of the compensation of Expedia Group's named executive officers. Say-on-Pay Board AGAINST 1
EXPEDIA GROUP, INC. June 17, 2026 Election of Directors Alex von Furstenberg Director Elections Board WITHHOLD 1
EXPEDIA GROUP, INC. June 17, 2026 Election of Directors Barry Diller Director Elections Board WITHHOLD 1
EXPEDIA GROUP, INC. June 17, 2026 Election of Directors Craig Jacobson Director Elections Board WITHHOLD 1
FASTENAL COMPANY April 23, 2026 Election of Directors Stephen L. Eastman Director Elections Board AGAINST 1
FERRARI N.V. April 15, 2026 APPROVAL OF AWARDS TO THE EXECUTIVE DIRECTORS Proposal to approve the proposed award of (rights to subscribe for) common shares in the capital of the Company to the executive directors in accordance with article 14.6 of the Company's articles of association and Dutch law Capital Structure Board AGAINST 1
FERRARI N.V. April 15, 2026 Remuneration Report 2025 (advisory vote) Say-on-Pay Board AGAINST 1
FERREXPO PLC September 11, 2025 TO RE-ELECT VITALII LISOVENKO AS A DIRECTOR Director Elections Board AGAINST 1
FIDELITY NAT'L INFORMATION SERVICES,INC. June 10, 2026 To approve, on an advisory basis, the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 1
FIRST SOLAR, INC. May 13, 2026 Election of Directors: Paul H. Stebbins Director Elections Board AGAINST 1
FISERV, INC. May 21, 2026 To approve, on an advisory basis, the compensation of the named executive officers of Fiserv, Inc. Say-on-Pay Board AGAINST 1
FORD MOTOR COMPANY May 14, 2026 Election of Directors. Jon M. Huntsman, Jr. Director Elections Board AGAINST 1
FORD MOTOR COMPANY May 14, 2026 Election of Directors. William E. Kennard Director Elections Board AGAINST 1
FOX CORPORATION November 14, 2025 Improve Executive Compensation Program. Compensation Board AGAINST 1
FOX CORPORATION November 14, 2025 Proposal to elect 7 directors. Paul D. Ryan Director Elections Board AGAINST 1
GARMIN LTD June 5, 2026 Re-election of Director: Jonathan C. Burrell Director Elections Board AGAINST 1
GARTNER, INC. May 28, 2026 Election of Directors to be elected for terms expiring in 2027: Diana S. Ferguson Director Elections Board AGAINST 1
GE AEROSPACE May 5, 2026 Election of Directors Thomas Horton Director Elections Board AGAINST 1
GENERAL DYNAMICS CORPORATION May 6, 2026 Election of Directors Cecil D. Haney Director Elections Board AGAINST 1
GENERAL MILLS, INC. September 30, 2025 Shareholder Proposal - Disclosure of Regenerative Agriculture Practices Within Supply Chain. Environment or Climate Shareholder Against FOR 1
GENERAL MOTORS COMPANY June 2, 2026 Election of Directors Patricia F. Russo Director Elections Board AGAINST 1
HALLIBURTON COMPANY May 20, 2026 Election of Directors Tobi M. Edwards Young Director Elections Board AGAINST 1
HCA HEALTHCARE, INC. April 23, 2026 Election of Directors Hugh F. Johnston Director Elections Board AGAINST 1
HCA HEALTHCARE, INC. April 23, 2026 Election of Directors Nancy-Ann DeParle Director Elections Board AGAINST 1
HCA HEALTHCARE, INC. April 23, 2026 Stockholder proposal, if properly presented at the meeting, regarding a report on healthcare consequences. Human Rights or Human Capital/workforce Shareholder Against FOR 1
HEICO CORPORATION March 13, 2026 ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION Say-on-Pay Board AGAINST 1
HEICO CORPORATION March 13, 2026 ELECTION OF HEICO'S BOARD OF DIRECTORS FOR THE ENSUING YEAR Mark H. Hildebrandt Director Elections Board AGAINST 1
HOLOGIC, INC. February 5, 2026 A proposal to approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to the named executive officers of the Company in connection with the transactions contemplated by the merger agreement, including consummation of the merger. Say-on-Pay Board AGAINST 1
HORMEL FOODS CORPORATION January 27, 2026 Elect a board of 12 directors: Gary C. Bhojwani Director Elections Board AGAINST 1
HP INC. April 16, 2026 To approve the Fifth Amended and Restated HP Inc. 2004 Stock Incentive Plan. Compensation Board AGAINST 1
HUNTINGTON BANCSHARES INCORPORATED April 22, 2026 Election of Directors: David L. Porteous Director Elections Board AGAINST 1
HYUNDAI MOBIS August 19, 2025 ELECTION OF INSIDE DIRECTOR GIM DO HYEONG Director Elections Board AGAINST 1
IDEXX LABORATORIES, INC. May 12, 2026 Election of Directors (Proposal One). Sophie V. Vandebroek, PhD Director Elections Board AGAINST 1
ILLUMINA, INC. May 21, 2026 Election of Directors Anna Richo Director Elections Board AGAINST 1
INGERSOLL RAND INC. June 11, 2026 Election of Directors. William P. Donnelly Director Elections Board AGAINST 1
INTEL CORPORATION May 13, 2026 Advisory vote on executive compensation (Say-On-Pay). Say-on-Pay Board AGAINST 1
INTERACTIVE BROKERS GROUP, INC. April 23, 2026 Election of Directors. Earl H. Nemser Director Elections Board AGAINST 1
INTERACTIVE BROKERS GROUP, INC. April 23, 2026 Election of Directors. Milan Galik Director Elections Board AGAINST 1
INTERACTIVE BROKERS GROUP, INC. April 23, 2026 Election of Directors. Paul J. Brody Director Elections Board AGAINST 1
INTERACTIVE BROKERS GROUP, INC. April 23, 2026 Election of Directors. Thomas Peterffy Director Elections Board AGAINST 1
INTERNATIONAL BUSINESS MACHINES CORP. April 28, 2026 Election of Directors for a Term of One Year Andrew N. Liveris Director Elections Board AGAINST 1
INTERNATIONAL FLAVORS & FRAGRANCES INC. April 29, 2026 Approve, on an advisory basis, the compensation of our named executive officers in 2025. Say-on-Pay Board AGAINST 1
INTUITIVE SURGICAL, INC. April 30, 2026 To approve the amendment and restatement of the Company's Amended and Restated 2010 Incentive Award Plan. Compensation Board AGAINST 1
IQVIA HOLDINGS INC. April 23, 2026 Approve an advisory (non-binding) resolution to approve IQVIA's executive compensation (say-on-pay). Say-on-Pay Board AGAINST 1
IQVIA HOLDINGS INC. April 23, 2026 The election of each of the director nominees listed below (a through i). Colleen A. Goggins Director Elections Board AGAINST 1
KE HOLDINGS INC June 12, 2026 As an ordinary resolution, to extend the general mandate granted to the Directors to issue, allot, and deal with additional Shares in the share capital of the Company by the aggregate number of the Shares and/or Shares underlying the ADSs repurchased by the Company. Capital Structure Board AGAINST 1
KE HOLDINGS INC June 12, 2026 As an ordinary resolution, to grant a general mandate to the Directors to issue, allot, and deal with additional Class A ordinary shares of the Company not exceeding 20% of the total number of issued Shares (excluding treasury shares) of the Company as of the date of passing of this resolution. Capital Structure Board AGAINST 1
KE HOLDINGS INC June 12, 2026 As an ordinary resolution, to re-appoint PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as auditors of the Company to hold office until the conclusion of the next annual general meeting of the Company and to authorize the Board to fix their remuneration for the year ending December 31, 2026. Audit-related Board AGAINST 1
KE HOLDINGS INC June 12, 2026 As an ordinary resolution, to re-elect Mr. Tao Xu as an executive Director. Director Elections Board AGAINST 1
KE HOLDINGS INC June 12, 2026 As an ordinary resolution, to re-elect Mr. Wangang Xu as an executive Director. Director Elections Board AGAINST 1
KEYCORP May 14, 2026 Election of Directors Alexander M. Cutler Director Elections Board AGAINST 1
KINDER MORGAN, INC. May 13, 2026 Election of 11 nominated directors, each for a one year term expiring in 2027 Ted A. Gardner Director Elections Board AGAINST 1
KOMATSU LTD. June 23, 2026 Appoint a Director Imayoshi, Takuya Director Elections Board AGAINST 1
KOMATSU LTD. June 23, 2026 Appoint a Director Kunibe, Takeshi Director Elections Board AGAINST 1
KOMATSU LTD. June 23, 2026 Appoint a Director Kusaba, Taisuke Director Elections Board AGAINST 1
KOMATSU LTD. June 23, 2026 Appoint a Director Ogawa, Hiroyuki Director Elections Board AGAINST 1
KOMATSU LTD. June 23, 2026 Appoint a Director Yokomoto, Mitsuko Director Elections Board AGAINST 1
KUBOTA CORPORATION March 19, 2026 Appoint a Director Azuma, Takanobu Director Elections Board AGAINST 1
KUBOTA CORPORATION March 19, 2026 Appoint a Director Hanada, Shingo Director Elections Board AGAINST 1
KUBOTA CORPORATION March 19, 2026 Appoint a Director Ichikawa, Nobushige Director Elections Board AGAINST 1
KUBOTA CORPORATION March 19, 2026 Appoint a Director Kitao, Yuichi Director Elections Board AGAINST 1
KUBOTA CORPORATION March 19, 2026 Appoint a Director Kondo, Wataru Director Elections Board AGAINST 1
LAM RESEARCH CORPORATION November 4, 2025 Election of Directors Michael R. Cannon Director Elections Board AGAINST 1
LAS VEGAS SANDS CORP. May 14, 2026 DIRECTOR: Alain Li Director Elections Board ABSTAIN 1
LEIDOS HOLDINGS, INC. May 1, 2026 Nominees: Robert S. Shapard Director Elections Board AGAINST 1
LENNAR CORPORATION April 8, 2026 Approve, on an advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 1
LENNAR CORPORATION April 8, 2026 Elect nine directors to serve until the 2027 Annual Meeting of Stockholders. Jeffrey Sonnenfeld Director Elections Board AGAINST 1

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Built November 7, 2026 from SEC Form N-PX filings.