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Ultimus Managers Trust 2025-2026: where it broke with the board

Two kinds of vote are listed: a board-sponsored proposal Ultimus Managers 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

493 proposals.

Ultimus Managers 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 recommendedUltimus Managers Trust votedFunds
WATERBRIDGE INFRASTRUCTURE LLC June 18, 2026 To elect the 13 directors identified in the Proxy Statement to serve for a one-year term or until each such director's successor is duly elected and qualified or until each such director's earlier death, resignation, disqualification or removal (Proposal No. 1); Jason Long Director Elections Board WITHHOLD 11
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 6
KRATOS DEFENSE & SEC SOLUTIONS, INC. May 12, 2026 Election of Director: 8. Deanna Lund Director Elections Board WITHHOLD 5
MICROSOFT CORPORATION December 5, 2025 Election of Directors: Hugh F. Johnston Director Elections Board AGAINST 5
MICROSOFT CORPORATION December 5, 2025 Report on AI Data Usage Oversight Other Social Issues Shareholder Against FOR 5
ALPHABET INC. June 5, 2026 Advisory vote to approve compensation awarded to named executive officers Say-on-Pay Board AGAINST 4
ALPHABET INC. June 5, 2026 Election of ten directors: Frances H. Arnold Director Elections Board AGAINST 4
ALPHABET INC. June 5, 2026 Election of ten directors: John L. Hennessy Director Elections Board AGAINST 4
ALPHABET INC. June 5, 2026 Election of ten directors: L. John Doerr Director Elections Board AGAINST 4
ALPHABET INC. June 5, 2026 Shareholder proposal regarding a report on AI data usage oversight Other Social Issues Shareholder Against FOR 4
GENERAL DYNAMICS CORPORATION May 6, 2026 Election of Directors Cecil D. Haney Director Elections Board AGAINST 4
PROLOGIS, INC. April 28, 2026 Advisory Vote to Approve the Company's Executive Compensation for 2025. Say-on-Pay Board AGAINST 4
THE WILLIAMS COMPANIES, INC. April 28, 2026 Election of Director for a One-Year Term: VACANT Director Elections Board ABSTAIN 4
WELLS FARGO & COMPANY April 28, 2026 Advisory resolution to approve executive compensation (Say on Pay). Say-on-Pay Board AGAINST 4
WELLS FARGO & COMPANY April 28, 2026 Election of Directors Wayne M. Hewett Director Elections Board AGAINST 4
ADVANCED DRAINAGE SYSTEMS, INC. July 17, 2025 Election of Director: Alexander R. Fischer Director Elections Board AGAINST 3
BARRICK MINING CORPORATION May 8, 2026 ADVISORY RESOLUTION ON APPROACH TO EXECUTIVE COMPENSATION. Say-on-Pay Board AGAINST 3
BARRICK MINING CORPORATION May 8, 2026 Election of Director: 1. H. Cai Director Elections Board WITHHOLD 3
BLUE BIRD CORPORATION March 11, 2026 Election of Director: 1. Douglas Grimm Director Elections Board WITHHOLD 3
CACI INTERNATIONAL INC October 16, 2025 Election of Directors Debora A. Plunkett Director Elections Board AGAINST 3
CACI INTERNATIONAL INC October 16, 2025 Election of Directors Ryan D. McCarthy Director Elections Board AGAINST 3
CHEVRON CORPORATION May 27, 2026 Election of Directors Jon M. Huntsman Jr. Director Elections Board AGAINST 3
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 3
DELL TECHNOLOGIES INC. June 25, 2026 Election of Director: 6. Ellen J. Kullman* Director Elections Board WITHHOLD 3
DELL TECHNOLOGIES INC. June 25, 2026 Election of Director: 8. Lynn V. Radakovich# Director Elections Board WITHHOLD 3
ESSEX PROPERTY TRUST, INC. May 12, 2026 Election of Directors Keith R. Guericke Director Elections Board AGAINST 3
INTERNATIONAL BUSINESS MACHINES CORP. April 28, 2026 Election of Directors for a Term of One Year Andrew N. Liveris Director Elections Board AGAINST 3
INTERPARFUMS, INC. September 10, 2025 Election of Director: 11. Herve Bouillonnec Director Elections Board WITHHOLD 3
INTERPARFUMS, INC. September 10, 2025 Election of Director: 3. Michel Atwood Director Elections Board WITHHOLD 3
INTERPARFUMS, INC. September 10, 2025 Election of Director: 5. Francois Heilbronn Director Elections Board WITHHOLD 3
LOCKHEED MARTIN CORPORATION May 12, 2026 Election of Nine Directors: Thomas J. Falk Director Elections Board AGAINST 3
NVIDIA CORPORATION June 24, 2026 Election of Directors. Aarti Shah Director Elections Board AGAINST 3
NVIDIA CORPORATION June 24, 2026 Election of Directors. Stephen C. Neal Director Elections Board AGAINST 3
PHILIP MORRIS INTERNATIONAL INC. May 6, 2026 Election of Directors: Kalpana Morparia Director Elections Board AGAINST 3
SLB N.V. April 8, 2026 Election of Directors Miguel Galuccio Director Elections Board AGAINST 3
SLB N.V. April 8, 2026 Election of Directors Vanitha Narayanan Director Elections Board AGAINST 3
VENTAS, INC. May 13, 2026 Election of Directors of Ventas, Inc. Melody C. Barnes Director Elections Board AGAINST 3
AAR CORP. September 16, 2025 Election of four directors named in the proxy statement Jeffrey N. Edwards Director Elections Board AGAINST 2
CAPITAL ONE FINANCIAL CORPORATION May 8, 2026 Advisory vote on our Named Executive Officer compensation (''Say on Pay''). Say-on-Pay Board AGAINST 2
CAPITAL ONE FINANCIAL CORPORATION May 8, 2026 Election of Directors Jennifer L. Wong Director Elections Board AGAINST 2
DEERE & COMPANY February 25, 2026 Vote on Directors Tamra A. Erwin Director Elections Board AGAINST 2
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 2
DEVON ENERGY CORPORATION June 30, 2026 Election of Director: 6. Kelt Kindick Director Elections Board WITHHOLD 2
DT MIDSTREAM, INC. May 5, 2026 Election of Director: 2. Angela Archon Director Elections Board WITHHOLD 2
HUBBELL INCORPORATED May 5, 2026 Election of Directors Neal J. Keating Director Elections Board AGAINST 2
INTEL CORPORATION May 13, 2026 Advisory vote on executive compensation (Say-On-Pay). Say-on-Pay Board AGAINST 2
IPG PHOTONICS CORPORATION May 12, 2026 Advisory Approval of our Executive Compensation Say-on-Pay Board AGAINST 2
IPG PHOTONICS CORPORATION May 12, 2026 Election of Directors: Kolleen Kennedy Director Elections Board AGAINST 2
MCKESSON CORPORATION July 30, 2025 Election of Director for a One-Year Term: Maria N. Martinez Director Elections Board AGAINST 2
META PLATFORMS, INC. May 27, 2026 Election of Director: 10. Dana White Director Elections Board WITHHOLD 2
META PLATFORMS, INC. May 27, 2026 Election of Director: 5. John Elkann Director Elections Board WITHHOLD 2
NEWMARK GROUP, INC. December 30, 2025 Approval, on an advisory basis, of executive compensation. Say-on-Pay Board AGAINST 2
NEWMARK GROUP, INC. December 30, 2025 Election of Director: 3. Virginia S. Bauer Director Elections Board WITHHOLD 2
POTLATCHDELTIC CORPORATION January 27, 2026 Proposal 2 - The PotlatchDeltic merger-related compensation proposal: A proposal to approve, on a non-binding advisory basis, the compensation that may be paid or become payable to the named executive officers of PotlatchDeltic in connection with the transactions contemplated by the merger agreement. Say-on-Pay Board AGAINST 2
SKYWARD SPECIALTY INSURANCE GROUP, INC. May 5, 2026 Election of Director: 2. Gena Ashe Director Elections Board WITHHOLD 2
THE GOLDMAN SACHS GROUP, INC. April 29, 2026 Advisory Vote to Approve Executive Compensation (Say on Pay) Say-on-Pay Board AGAINST 2
THE GOLDMAN SACHS GROUP, INC. April 29, 2026 Election of Directors Kimberley Harris Director Elections Board AGAINST 2
THE GOLDMAN SACHS GROUP, INC. April 29, 2026 Shareholder Proposal Regarding Lobbying Disclosure Other Social Issues Shareholder Against FOR 2
VENTURE GLOBAL, INC. May 27, 2026 Election of Director: 1. Robert Pender Director Elections Board WITHHOLD 2
VENTURE GLOBAL, INC. May 27, 2026 Election of Director: 2. Michael Sabel Director Elections Board WITHHOLD 2
VERRA MOBILITY CORPORATION May 19, 2026 Election of Director: 3. John H. Rexford Director Elections Board WITHHOLD 2
VISA INC. January 27, 2026 To elect the eleven director nominees named in the proxy statement. William Ready Director Elections Board AGAINST 2
ACCENTURE PLC January 28, 2026 Appointment of the following nominees to the Board of Directors: Arun Sarin Director Elections Board AGAINST 1
ACCENTURE PLC January 28, 2026 Appointment of the following nominees to the Board of Directors: Venkata (Murthy) Renduchintala Director Elections Board AGAINST 1
AECOM March 3, 2026 Election of Directors: Bradley W. Buss Director Elections Board AGAINST 1
AIR WATER INC. June 29, 2026 Appoint a Corporate Auditor Mori, Seiji Audit-related Board AGAINST 1
AMALGAMATED FINANCIAL CORPORATION May 20, 2026 To conduct a non-binding, advisory vote on the compensation of our Named Executive Officers. Say-on-Pay Board AGAINST 1
AMALGAMATED FINANCIAL CORPORATION May 20, 2026 To ratify the appointment of Crowe LLP as our independent registered public accounting firm for 2026. Audit-related Board AGAINST 1
AMDOCS LIMITED January 30, 2026 Election of Director: Robert A. Minicucci Director Elections Board AGAINST 1
ARCBEST CORPORATION April 24, 2026 A shareholder proposal to approve GHG emissions reduction targets, if properly presented at the Annual Meeting. Environment or Climate Shareholder Against FOR 1
ARISTA NETWORKS, INC. May 29, 2026 Ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2026. Audit-related Board AGAINST 1
ARRAY DIGITAL INFRASTRUCTURE, INC. October 9, 2025 Advisory vote to approve executive compensation Say-on-Pay Board AGAINST 1
ARRAY DIGITAL INFRASTRUCTURE, INC. October 9, 2025 Election of Directors: H. J. Harczak, Jr. Director Elections Board WITHHOLD 1
ARTHUR J. GALLAGHER & CO. May 12, 2026 Election of Directors Chris Miskel Director Elections Board AGAINST 1
ATLASSIAN CORPORATION December 2, 2025 Election of Director: Christian Smith Director Elections Board AGAINST 1
ATLASSIAN CORPORATION December 2, 2025 Election of Director: Richard P. Wong Director Elections Board AGAINST 1
ATLASSIAN CORPORATION December 2, 2025 Ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending June 30, 2026. Audit-related Board AGAINST 1
AUTODESK, INC. June 17, 2026 Approve, on an advisory (non-binding) basis, the compensation of Autodesk, Inc.'s named executive officers. Say-on-Pay Board AGAINST 1
AUTODESK, INC. June 17, 2026 Election of Director: Blake Irving Director Elections Board AGAINST 1
AUTODESK, INC. June 17, 2026 Election of Director: Ram R. Krishnan Director Elections Board AGAINST 1
AUTODESK, INC. June 17, 2026 Election of Director: Rami Rahim Director Elections Board AGAINST 1
AUTODESK, INC. June 17, 2026 Election of Director: Stacy J. Smith Director Elections Board AGAINST 1
AUTODESK, INC. June 17, 2026 Ratify the appointment of Ernst & Young LLP as Autodesk, Inc.'s independent registered public accounting firm for the fiscal year ending January 31, 2027. Audit-related Board AGAINST 1
AZZ INC. July 8, 2025 Election of Director: Carol R. Jackson Director Elections Board AGAINST 1
Aflac Incorporated May 3, 2026 Election of Director: Arthur R. Collins Director Elections Board AGAINST 1
Aflac Incorporated May 3, 2026 Election of Director: Daniel P. Amos Director Elections Board AGAINST 1
Aflac Incorporated May 3, 2026 Election of Director: Georgette D. Kise Director Elections Board AGAINST 1
Aflac Incorporated May 3, 2026 Election of Director: Joseph L. Moskowitz Director Elections Board AGAINST 1
Aflac Incorporated May 3, 2026 Election of Director: Karole F. Lloyd Director Elections Board AGAINST 1
Aflac Incorporated May 3, 2026 Election of Director: Katherine T. Rohrer Director Elections Board AGAINST 1
Aflac Incorporated May 3, 2026 Election of Director: Michael A. Forrester Director Elections Board AGAINST 1
Aflac Incorporated May 3, 2026 Election of Director: Miwako Hosoda Director Elections Board AGAINST 1
Aflac Incorporated May 3, 2026 Election of Director: Nobuchika Mori Director Elections Board AGAINST 1
Aflac Incorporated May 3, 2026 Election of Director: Thomas J. Kenny Director Elections Board AGAINST 1
Aflac Incorporated May 3, 2026 Election of Director: W. Paul Bowers Director Elections Board AGAINST 1
Aflac Incorporated May 3, 2026 To consider the following non-binding advisory proposal: ""Resolved, on an advisory basis, the shareholders of Aflac Incorporated approve the compensation of the named executive officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis and accompanying tables and narrative in the Notice of 2026 Annual Meeting of Shareholders and Proxy Statement"" Say-on-Pay Board AGAINST 1
Alibaba Group September 25, 2025 Share Issuance Mandate - grant the Board a general mandate, until the next annual general meeting of the Company, to issue, allot and/or otherwise deal with additional Ordinary Shares not exceeding 10% of the number of issued Ordinary Shares (excluding any Treasury Shares) as of the date of the Meeting Capital Structure Board AGAINST 1
BAKER HUGHES COMPANY May 19, 2026 The Election of Directors Michael R. Dumais Director Elections Board AGAINST 1
BECTON, DICKINSON AND COMPANY January 27, 2026 Advisory vote to approve named executive officer compensation Say-on-Pay Board AGAINST 1
BECTON, DICKINSON AND COMPANY January 27, 2026 Approval of an amendment to the 2004 Employee and Director Equity-Based Compensation Plan Say-on-Pay Board AGAINST 1

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Built October 13, 2026 from SEC Form N-PX filings.