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MASTER INVESTMENT PORTFOLIO 2024-2025: where it broke with the board

2,838 proposals in the 2024-2025 proxy season: MASTER INVESTMENT PORTFOLIO voted against, or withheld its votes from, 2,832 proposals put forward by company boards, and voted for 6 shareholder proposals, by its own Form N-PX filings.

Two kinds of vote are listed: a board-sponsored proposal MASTER INVESTMENT PORTFOLIO 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

2,838 proposals.

MASTER INVESTMENT PORTFOLIO, 2024-2025 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 recommendedMASTER INVESTMENT PORTFOLIO votedFunds
BB SEGURIDADE PARTICIPACOES SA April 29, 2025 VIEW OF ALL THE CANDIDATES TO INDICATE THE CUMULATIVE VOTING DISTRIBUTION: MARIA CAROLINA FERREIRA LACERDA CANDIDATA INDEPENDENTE INDICADA PELOS ACIONISTAS MINORITARIOS Director Elections Board ABSTAIN 1
BB SEGURIDADE PARTICIPACOES SA April 29, 2025 VIEW OF ALL THE CANDIDATES TO INDICATE THE CUMULATIVE VOTING DISTRIBUTION: ROSIANE BARBOSA LAVIOLA INDICADA PELO BANCO DO BRASIL Director Elections Board ABSTAIN 1
BEIERSDORF AG April 17, 2025 Approve Discharge of Supervisory Board for Fiscal Year 2024 Director Elections Board AGAINST 1
BEIERSDORF AG April 17, 2025 Approve Remuneration Report Say-on-Pay Board AGAINST 1
BEIGENE LTD May 21, 2025 THAT the Company and its underwriters be and are hereby authorized, in their sole discretion, to allocate to Amgen Inc. ...(due to space limits, see proxy material for full proposal). Capital Structure Board AGAINST 1
BEIJER REF AB April 24, 2025 ELECTION OF BOARD MEMBERS - JOEN MAGNUSSON (RE-ELECTION) Director Elections Board AGAINST 1
BEIJER REF AB April 24, 2025 ELECTION OF BOARD MEMBERS - KATE SWANN AS THE CHAIRMAN OF THE BOARD (REELECTION) Director Elections Board AGAINST 1
BEIJER REF AB April 24, 2025 ELECTION OF BOARD MEMBERS - NATHALIE DELBREUVE (RE-ELECTION) Director Elections Board AGAINST 1
BEIJER REF AB April 24, 2025 ELECTION OF BOARD MEMBERS - PER BERTLAND (RE-ELECTION) Director Elections Board AGAINST 1
BEIJER REF AB April 24, 2025 RESOLUTION ON AUTHORISATION FOR THE BOARD OF DIRECTORS TO RESOLVE ON ACQUISITION OF OWN SHARES AND TRANSFER OF OWN SHARES TO PARTICIPANTS IN THE PROGRAM Compensation Board AGAINST 1
BEIJER REF AB April 24, 2025 RESOLUTION ON THE ESTABLISHMENT OF LTI 2025 Compensation Board AGAINST 1
BEIJER REF AB April 24, 2025 SHOULD THE REQUIRED MAJORITY UNDER ITEM 15(B) NOT BE REACHED, RESOLUTION ON SHARE SWAP AGREEMENT WITH A THIRD PARTY Compensation Board AGAINST 1
BEIJING ENTERPRISES HOLDINGS LTD June 5, 2025 TO RE-ELECT MR. LAM HOI HAM AS INDEPENDENT NON-EXECUTIVE DIRECTOR Director Elections Board AGAINST 1
BEIJING ENTERPRISES HOLDINGS LTD June 5, 2025 TO RE-ELECT MR. WU JIESI AS INDEPENDENT NON-EXECUTIVE DIRECTOR Director Elections Board AGAINST 1
BEIJING ENTERPRISES WATER GROUP LTD June 3, 2025 TO EXTEND THE GENERAL MANDATE TO THE DIRECTORS OF THE COMPANY TO ALLOT, ISSUE OR OTHERWISE DEAL WITH ADDITIONAL SHARES OF THE COMPANY BY THE AMOUNT OF SHARES PURCHASED Capital Structure Board AGAINST 1
BEIJING ENTERPRISES WATER GROUP LTD June 3, 2025 TO GRANT A GENERAL MANDATE TO THE DIRECTORS OF THE COMPANY TO ALLOT, ISSUE OR OTHERWISE DEAL WITH ADDITIONAL SHARES OF THE COMPANY Capital Structure Board AGAINST 1
BEIJING ENTERPRISES WATER GROUP LTD June 3, 2025 TO RE-ELECT MR. GUO RUI AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY Director Elections Board AGAINST 1
BEIJING ENTERPRISES WATER GROUP LTD June 3, 2025 TO RE-ELECT MR. YUAN JIANWEI AS A NON-EXECUTIVE DIRECTOR OF THE COMPANY Director Elections Board AGAINST 1
BEIJING KINGSOFT OFFICE SOFTWARE, INC. June 4, 2025 AUTHORIZATION FOR CONTINUED PURCHASE OF WEALTH MANAGEMENT PRODUCTS WITH IDLE PROPRIETARY FUNDS Extraordinary Transactions Board AGAINST 1
BEIJING-SHANGHAI HIGH SPEED RAILWAY CO., LTD. December 25, 2024 ELECTION OF DIRECTOR: LIU HONGRUN Director Elections Board AGAINST 1
BEIJING-SHANGHAI HIGH SPEED RAILWAY CO., LTD. May 30, 2025 2024 CONTINUING CONNECTED TRANSACTIONS RESULTS AND 2025 ESTIMATED CONTINUING CONNECTED TRANSACTIONS Extraordinary Transactions Board AGAINST 1
BENTLEY SYSTEMS, INCORPORATED May 22, 2025 Election of Director: Brian F. Hughes Director Elections Board WITHHOLD 1
BENTLEY SYSTEMS, INCORPORATED May 22, 2025 Election of Director: Janet B. Haugen Director Elections Board WITHHOLD 1
BENTLEY SYSTEMS, INCORPORATED May 22, 2025 Election of Director: Kirk B. Griswold Director Elections Board WITHHOLD 1
BERKSHIRE HATHAWAY INC. May 3, 2025 DIRECTOR: Charlotte Guyman Director Elections Board ABSTAIN 1
BERKSHIRE HATHAWAY INC. May 3, 2025 DIRECTOR: Susan L. Decker Director Elections Board ABSTAIN 1
BERRY GLOBAL GROUP, INC. February 5, 2025 To approve, on an advisory, non-binding basis, our executive compensation. Say-on-Pay Board AGAINST 1
BHARAT HEAVY ELECTRICALS LTD August 22, 2024 TO APPOINT A DIRECTOR IN PLACE OF MS. ARTI BHATNAGAR (DIN: 10065528), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HERSELF FOR RE-APPOINTMENT Director Elections Board AGAINST 1
BHARAT HEAVY ELECTRICALS LTD August 22, 2024 TO APPOINT A DIRECTOR IN PLACE OF SHRI KRISHNA KUMAR THAKUR (DIN: 10172666), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT Director Elections Board AGAINST 1
BID CORPORATION LIMITED October 31, 2024 DIRECTORATE: NG PAYNE Director Elections Board AGAINST 1
BIM BIRLESIK MAGAZALAR A.S. April 29, 2025 ELECTION OF THE NEW BOARD MEMBERS Director Elections Board AGAINST 1
BIM BIRLESIK MAGAZALAR A.S. April 29, 2025 INFORMING SHAREHOLDERS THAT NO GUARANTEE, SURETY, PLEDGE, MORTGAGE, OR OTHER ENCUMBRANCE HAS BEEN CREATED IN FAVOR OF THIRD PARTIES PURSUANT TO THE CORPORATE GOVERNANCE COMMUNIQU OF THE CAPITAL MARKETS BOARD Capital Structure Board ABSTAIN 1
BIOGEN INC. June 17, 2025 Say on Pay - To hold an advisory vote on executive compensation. Say-on-Pay Board AGAINST 1
BLACK DIAMOND THERAPEUTICS, INC. June 12, 2025 Election of Class II Director: Ali Behbahani Director Elections Board WITHHOLD 1
BLACK DIAMOND THERAPEUTICS, INC. June 12, 2025 Election of Class II Director: Samarth Kulkarni Director Elections Board WITHHOLD 1
BLADE AIR MOBILITY, INC. May 6, 2025 Advisory Vote on the Compensation of our Named Executive Officers. Say-on-Pay Board AGAINST 1
BLADE AIR MOBILITY, INC. May 6, 2025 DIRECTOR: Edward Philip Director Elections Board ABSTAIN 1
BLADE AIR MOBILITY, INC. May 6, 2025 DIRECTOR: John Borthwick Director Elections Board ABSTAIN 1
BLADE AIR MOBILITY, INC. May 6, 2025 DIRECTOR: Reginald Love Director Elections Board ABSTAIN 1
BLEND LABS, INC. June 11, 2025 DIRECTOR: Eric Woersching Director Elections Board ABSTAIN 1
BLEND LABS, INC. June 11, 2025 DIRECTOR: Gerald Chen Director Elections Board ABSTAIN 1
BLOCK, INC. June 17, 2025 TO APPROVE THE BLOCK, INC. 2025 EQUITY INCENTIVE PLAN. Compensation Board AGAINST 1
BLOOM ENERGY CORPORATION May 14, 2025 To approve, on an advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 1
BLUE BIRD CORPORATION March 14, 2025 DIRECTOR: Julie A. Fream Director Elections Board ABSTAIN 1
BLUE OWL CAPITAL INC. June 9, 2025 Election of Director: Dana Weeks Director Elections Board AGAINST 1
BOC AVIATION LTD May 29, 2025 TO EXTEND THE GENERAL MANDATE GRANTED TO THE DIRECTORS TO ISSUE, ALLOT AND DEAL WITH SHARES BY THE NUMBER OF SHARES REPURCHASED Capital Structure Board AGAINST 1
BOC AVIATION LTD May 29, 2025 TO GRANT A GENERAL MANDATE TO THE DIRECTORS TO ISSUE, ALLOT AND DEAL WITH SHARES IN THE COMPANY NOT EXCEEDING 10% OF THE TOTAL NUMBER OF THE EXISTING SHARES IN THE COMPANY IN ISSUE Capital Structure Board AGAINST 1
BOC AVIATION LTD May 29, 2025 TO RE-ELECT MR. FU SHULA AS A DIRECTOR Director Elections Board AGAINST 1
BOC AVIATION LTD May 29, 2025 TO RE-ELECT MS. JIN YAN AS A DIRECTOR Director Elections Board AGAINST 1
BORR DRILLING LIMITED August 14, 2024 To re-elect Tor Olav Trøim as a Director of the Company. Director Elections Board AGAINST 1
BOUBYAN BANK (K.S.C.) March 16, 2025 APPOINT OR REAPPOINT AUDITORS AND AUTHORIZE BOARD TO FIX THEIR REMUNERATION FOR THE FISCAL YEAR ENDING 31/12/2025 Audit-related Board ABSTAIN 1
BOUBYAN BANK (K.S.C.) March 16, 2025 APPOINT OR REAPPOINT EXTERNAL SHARIAH AUDITORS AND AUTHORIZE BOARD TO FIX THEIR REMUNERATION FOR THE FISCAL YEAR ENDING 31/12/2025 Audit-related Board ABSTAIN 1
BOUBYAN BANK (K.S.C.) March 16, 2025 APPOINT OR REAPPOINT SHARIAH SUPERVISORY BOARD MEMBERS AND AUTHORIZE BOARD TO FIX THEIR REMUNERATION FOR THE FISCAL YEAR ENDING 31/12/2025 Director Elections Board AGAINST 1
BOUBYAN BANK (K.S.C.) March 16, 2025 APPROVE RELATED PARTY TRANSACTIONS AND PROVIDING BANKING FACILITIES TO DIRECTORS FOR FY 2025 Extraordinary Transactions Board AGAINST 1
BOUBYAN BANK (K.S.C.) March 16, 2025 AUTHORIZE ISSUANCE OF SUKUK OR OTHER SHARIAH COMPLIANT INSTRUMENTS AND AUTHORIZE BOARD TO SET TERMS OF ISSUANCE Capital Structure Board AGAINST 1
BOUBYAN BANK (K.S.C.) March 16, 2025 ELECT BASMAH AL JASIM AS INDEPENDENT DIRECTOR Director Elections Board ABSTAIN 1
BOUBYAN BANK (K.S.C.) March 16, 2025 ELECT HAZIM AL MUTEERI AS DIRECTOR Director Elections Board ABSTAIN 1
BOUBYAN BANK (K.S.C.) March 16, 2025 ELECT THAMIR ARAB AS INDEPENDENT DIRECTOR Director Elections Board ABSTAIN 1
BOUBYAN BANK (K.S.C.) March 16, 2025 ELECT WALEED AL HAMAD AS DIRECTOR Director Elections Board ABSTAIN 1
BOUBYAN BANK (K.S.C.) March 16, 2025 ELECT WALEED AL YAQOUT AS DIRECTOR Director Elections Board ABSTAIN 1
BOUYGUES April 29, 2025 RENEWAL OF THE TERM OF OFFICE OF OLIVIER BOUYGUES AS A DIRECTOR Director Elections Board AGAINST 1
BOYD GAMING CORPORATION May 8, 2025 DIRECTOR: William R. Boyd Director Elections Board ABSTAIN 1
BRAEMAR HOTELS & RESORTS INC. December 17, 2024 Election of Director: Matthew D. Rinaldi Director Elections Board AGAINST 1
BRAEMAR HOTELS & RESORTS INC. December 17, 2024 Election of Director: Monty J. Bennett Director Elections Board AGAINST 1
BRAEMAR HOTELS & RESORTS INC. December 17, 2024 Election of Director: Stefani D. Carter Director Elections Board AGAINST 1
BRANDYWINE REALTY TRUST May 21, 2025 Election of Trustee: Charles P. Pizzi Director Elections Board AGAINST 1
BRANDYWINE REALTY TRUST May 21, 2025 Election of Trustee: H. Richard Haverstick, Jr. Director Elections Board AGAINST 1
BRANDYWINE REALTY TRUST May 21, 2025 Election of Trustee: Joan M. Lau Director Elections Board AGAINST 1
BRANDYWINE REALTY TRUST May 21, 2025 Election of Trustee: Reginald DesRoches Director Elections Board AGAINST 1
BRIDGESTONE CORPORATION March 25, 2025 Appoint a Director Masuda, Kenichi Director Elections Board AGAINST 1
BRIDGESTONE CORPORATION March 25, 2025 Appoint a Director Scott Trevor Davis Director Elections Board AGAINST 1
BRIDGEWATER BANCSHARES, INC. April 22, 2025 DIRECTOR: David Volk Director Elections Board ABSTAIN 1
BRIDGEWATER BANCSHARES, INC. April 22, 2025 DIRECTOR: James Johnson Director Elections Board ABSTAIN 1
BRIDGEWATER BANCSHARES, INC. April 22, 2025 DIRECTOR: Lisa Brezonik Director Elections Board ABSTAIN 1
BRIDGEWATER BANCSHARES, INC. April 22, 2025 DIRECTOR: Mohammed Lawal Director Elections Board ABSTAIN 1
BRIGADE ENTERPRISES LTD August 6, 2024 APPROVAL FOR ALL FEES AND COMPENSATION PAYABLE BY WAY OF COMMISSION TO NON-EXECUTIVE DIRECTORS INCLUDING INDEPENDENT DIRECTORS Compensation Board AGAINST 1
BRIGHTVIEW HOLDINGS, INC. March 4, 2025 DIRECTOR: James R. Abrahamson Director Elections Board ABSTAIN 1
BRITANNIA INDUSTRIES LTD August 12, 2024 APPOINTMENT OF MR. NESS N. WADIA (DIN:00036049) AS A NON-EXECUTIVE NON-INDEPENDENT DIRECTOR, LIABLE TO RETIRE BY ROTATION Director Elections Board AGAINST 1
BROWN-FORMAN CORPORATION July 25, 2024 Election of Director: Michael J. Roney Director Elections Board AGAINST 1
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY June 30, 2025 VOTING ON THE APPOINTMENT OF (KPMG AND PWC) AS EXTERNAL AUDITORS FOR THE COMPANY FROM AMONG THE CANDIDATES BASED ON THE RECOMMENDATION OF THE AUDIT COMMITTEE TO EXAMINE, REVIEW, AND AUDIT THE FINANCIAL STATEMENTS OF THE SECOND AND THIRD QUARTERS AND THE ANNUAL ONES FOR THE FINANCIAL YEAR 2025, AS WELL AS THE FINANCIAL STATEMENTS OF THE FIRST QUARTER FOR THE FINANCIAL YEAR 2026, AND DETERMINE THEIR FEES Audit-related Board ABSTAIN 1
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY June 30, 2025 VOTING ON THE BUSINESS AND CONTRACTS CONCLUDED BETWEEN THE COMPANY AND MY CLINIC INTERNATIONAL MEDICAL COMPANY LIMITED AND THE MY CLINIC ADVANCED FOR PHARMACEUTICAL CO, IN WHICH THE FOLLOWING MEMBERS OF THE BOARD OF DIRECTORS, ENG. LOAY NAZER AND MR. TAL NAZER HAVE AN INTEREST AS OWNERS. THE NATURE OF THE BUSINESS CONSISTS OF CLAIMS PAID TO MEDICAL PROVIDER, WITHOUT ANY PREFERENTIAL TREATMENT, AND THE VALUE OF THE TRANSACTION DURING THE YEAR 2024 AMOUNTED TO SAR (278,880), WITHOUT ANY PREFERENTIAL CONDITIONS Extraordinary Transactions Board AGAINST 1
BURBERRY GROUP PLC July 16, 2024 TO RE-ELECT ANTOINE DESAINT-AFFRIQUE AS A DIRECTOR OF THE COMPANY Director Elections Board AGAINST 1
BURFORD CAPITAL LIMITED May 14, 2025 To re-elect Christopher Halmy as director. Director Elections Board AGAINST 1
BURFORD CAPITAL LIMITED May 14, 2025 To re-elect Robert Gillespie as director. Director Elections Board AGAINST 1
BYD ELECTRONIC (INTERNATIONAL) CO LTD June 6, 2025 TO EXTEND THE GENERAL MANDATE GRANTED TO THE BOARD OF DIRECTORS PURSUANT TO RESOLUTION NO. 8 ABOVE BY SUCH ADDITIONAL SHARES AS SHALL REPRESENT THE NUMBER OF SHARES OF THE COMPANY REPURCHASED BY THE COMPANY PURSUANT TO THE GENERAL MANDATE GRANTED PURSUANT TO RESOLUTION NO. 9 ABOVE Capital Structure Board AGAINST 1
BYD ELECTRONIC (INTERNATIONAL) CO LTD June 6, 2025 TO GRANT A GENERAL AND UNCONDITIONAL MANDATE TO THE DIRECTORS OF THE COMPANY TO ALLOT, ISSUE AND DEAL WITH ADDITIONAL SHARES OF THE COMPANY (INCLUDING ANY SALE OR TRANSFER OF TREASURY SHARES) NOT EXCEEDING 20%. OF THE NUMBER OF ISSUED SHARES (EXCLUDING TREASURY SHARES) OF THE COMPANY AS AT THE DATE OF PASSING OF THIS RESOLUTION Capital Structure Board AGAINST 1
BYD ELECTRONIC (INTERNATIONAL) CO LTD June 6, 2025 TO RE-ELECT MR. QIAN JING-JIE AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR Director Elections Board AGAINST 1
BYD ELECTRONIC (INTERNATIONAL) CO LTD June 6, 2025 TO RE-ELECT MR. WANG BO AS A NON-EXECUTIVE DIRECTOR Director Elections Board AGAINST 1
C&A MODAS SA April 30, 2025 VIEW OF ALL THE CANDIDATES THAT COMPOSE THE SLATE TO INDICATE THE CUMULATIVE VOTING DISTRIBUTION: MARCOS GUIMARAES GRASSO Director Elections Board ABSTAIN 1
C&D INTERNATIONAL INVESTMENT GROUP LTD May 23, 2025 TO ADD THE NUMBER OF THE SHARES IN THE COMPANY TO BE REPURCHASED BY THE COMPANY UNDER RESOLUTION NO. 10 ABOVE TO THE GENERAL MANDATE GRANTED TO THE DIRECTORS OF THE COMPANY UNDER RESOLUTION NO. 9 ABOVE Capital Structure Board AGAINST 1
C&D INTERNATIONAL INVESTMENT GROUP LTD May 23, 2025 TO GRANT A GENERAL MANDATE TO THE DIRECTORS OF THE COMPANY TO ALLOT, ISSUE AND DEAL WITH THE UNISSUED SHARES OF THE COMPANY, THE AGGREGATE NUMBER OF WHICH SHALL NOT EXCEED 20% OF THE AGGREGATE NUMBER OF THE ISSUED SHARES OF THE COMPANY AS AT THE DATE OF PASSING THIS RESOLUTION Capital Structure Board AGAINST 1
C&D INTERNATIONAL INVESTMENT GROUP LTD May 23, 2025 TO RE-ELECT MR. CHAN CHUN YEE AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF THE COMPANY Director Elections Board AGAINST 1
C3.AI, INC. October 2, 2024 Advisory vote to approve the compensation of our named executive officers. Say-on-Pay Board AGAINST 1
C4 THERAPEUTICS, INC. June 18, 2025 DIRECTOR: Ronald H. W. Cooper Director Elections Board ABSTAIN 1
CABLE ONE, INC. May 15, 2025 Election of Director: Katharine B. Weymouth Director Elections Board AGAINST 1
CACTUS, INC. May 13, 2025 Election of Class II Director: Alan Semple Director Elections Board AGAINST 1
CAIXA SEGURIDADE PARTICIPACOES SA April 25, 2025 DO YOU WISH TO REQUEST A SEPARATE ELECTION FOR A MEMBER OF THE BOARD OF DIRECTORS, PURSUANT TO ARTICLE 141, PARAGRAPH 4, ITEM I, OF LAW NO. 6,404 OF 1976 THE SHAREHOLDER MAY ONLY FILL IN THIS FIELD IF I THEY ARE NOT A CONTROLLING SHAREHOLDER OR AFFILIATED WITH ONE AND II THEY HAVE HELD, CONTINUOUSLY, THE SHARES WITH WHICH THEY ARE VOTING FOR THE THREE 3 MONTHS IMMEDIATELY PRIOR TO THE GENERAL MEETING. IF THE SHAREHOLDER CHOOSES NO OR ABSTAIN, THEIR SHARES WILL NOT BE COUNTED FOR THE PURPOSE OF REQUESTING A SEPARATE ELECTION FOR A MEMBER OF THE BOARD OF DIRECTORS Capital Structure Board ABSTAIN 1
CAIXA SEGURIDADE PARTICIPACOES SA April 25, 2025 REAPPOINTMENT OF MR. FRANCISCO EGIDIO PELUCIO MARTINS, NOMINATED BY THE CONTROLLING SHAREHOLDER, TO THE POSITION OF MEMBER OF THE BOARD OF DIRECTORS, PURSUANT TO ARTICLE 21, PARAGRAPH 1, ITEM III OF THE COMPANYS BYLAWS. THE VOTES INDICATED IN THIS FIELD WILL BE DISREGARDED IF THE SHAREHOLDER HOLDING VOTING SHARES ALSO FILLS IN THE FIELDS RELATED TO THE SEPARATE ELECTION OF A MEMBER OF THE BOARD OF DIRECTORS AND SUCH SEPARATE ELECTION TAKES PLACE Director Elections Board AGAINST 1
CAIXA SEGURIDADE PARTICIPACOES SA April 25, 2025 REAPPOINTMENT OF MR. HUMBERTO JOSE TEOFILO MAGALHAES, NOMINATED BY THE CONTROLLING SHAREHOLDER, TO THE POSITION OF MEMBER OF THE BOARD OF DIRECTORS, PURSUANT TO ARTICLE 21, PARAGRAPH 1, ITEM III OF THE COMPANYS BYLAWS. THE VOTES INDICATED IN THIS FIELD WILL BE DISREGARDED IF THE SHAREHOLDER HOLDING VOTING SHARES ALSO FILLS IN THE FIELDS RELATED TO THE SEPARATE ELECTION OF A MEMBER OF THE BOARD OF DIRECTORS AND SUCH SEPARATE ELECTION TAKES PLACE Director Elections Board AGAINST 1
CAIXA SEGURIDADE PARTICIPACOES SA April 25, 2025 REAPPOINTMENT OF MRS. ILANA TROMBKA, NOMINATED BY THE MINISTRY OF FINANCE, TO THE POSITION OF MEMBER OF THE BOARD OF DIRECTORS, PURSUANT TO ARTICLE 21, PARAGRAPH 1, ITEM II OF THE COMPANYS BYLAWS. THE VOTES INDICATED IN THIS FIELD WILL BE DISREGARDED IF THE SHAREHOLDER HOLDING VOTING SHARES ALSO FILLS IN THE FIELDS RELATED TO THE SEPARATE ELECTION OF A MEMBER OF THE BOARD OF DIRECTORS AND SUCH SEPARATE ELECTION TAKES PLACE Director Elections Board AGAINST 1

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