N-PX 1 d613018dnpx.htm IVY FUNDS (FYE 6/30) Ivy Funds (FYE 6/30)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-6569

IVY FUNDS

(Exact Name as Specified in Charter)

6300 Lamar Avenue, Overland Park, Kansas 66202-4200

(Address of Principal Executive Office) (Zip Code)

Philip A. Shipp, 6300 Lamar Avenue, Overland Park, Kansas 66202-4200

(Name and Address of Agent for Service)

Registrant’s Telephone Number, including Area Code: (913) 236-2000

Date of fiscal year end: June 30

Date of reporting period: July 1, 2017 to June 30, 2018


IVY ACCUMULATIVE FUND

Proxy Voting Record

Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

TEVA- PHARMACEUTICAL INDUSTRIES LTD

 

Meeting Date:    07/13/2017   Country:    Israel   Primary Security ID:    881624209
Record Date:    06/13/2017   Meeting Type:    Annual   Ticker:    TEVA
     Shares Voted:    15,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

 

Meeting for ADR Holders

   Mgmt         
1a  

Elect Sol J. Barer as Director Until 2020 Annual General Meeting

   Mgmt    For    For    For
1b  

Elect Jean-Michel Halfon as Director Until 2020 Annual General Meeting

   Mgmt    For    For    For
1c  

Elect Murray A. Goldberg as Director Until 2020 Annual General Meeting

   Mgmt    For    For    For
1d  

Elect Nechemia (Chemi) J. Peres as Director Until 2020 Annual General Meeting

   Mgmt    For    For    For
1e  

Elect Roberto Mignone as Director Until 2019 Annual General Meeting

   Mgmt    For    For    For
1f  

Elect Perry D. Nisen as Director Until 2019 Annual General Meeting

   Mgmt    For    For    For
2  

Approve Compensation of Sol J. Barer, Chairman

   Mgmt    For    Refer    For
3  

Approve Employment Terms of Yitzhak Peterburg, Temporary CEO

   Mgmt    For    For    For
4  

Approve Compensation of Directors

   Mgmt    For    Refer    For
5  

Approve an Amendment to the Equity Compensation Plan

   Mgmt    For    Refer    For
6  

Approve Executive Incentive Bonus Plan

   Mgmt    For    Refer    For
7  

Reduce Teva’s Registered Share Capital to NIS 249,434,338

   Mgmt    For    For    For
8  

Appoint Kesselman & Kesselman as Auditors

   Mgmt    For    For    For

Jazz Pharmaceuticals plc

 

Meeting Date:    08/03/2017   Country:    Ireland   Primary Security ID:    G50871105
Record Date:    06/07/2017   Meeting Type:    Annual   Ticker:    JAZZ
     Shares Voted:    165,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Bruce C. Cozadd

   Mgmt    For    For    For

 


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Jazz Pharmaceuticals plc

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1b  

Elect Director Heather Ann McSharry

   Mgmt    For    For    For
1c  

Elect Director Rick E Winningham

   Mgmt    For    For    For
2  

Approve KPMG, Dublin as Auditors and Authorize Board to Fix Their Remuneration

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
4  

Authorize Share Repurchase Program

   Mgmt    For    For    For

Xilinx, Inc.

 

Meeting Date:    08/09/2017   Country:    USA   Primary Security ID:    983919101
Record Date:    06/12/2017   Meeting Type:    Annual   Ticker:    XLNX
     Shares Voted:    300,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Dennis Segers

   Mgmt    For    For    For
1.2  

Elect Director Moshe N. Gavrielov

   Mgmt    For    For    For
1.3  

Elect Director Saar Gillai

   Mgmt    For    For    For
1.4  

Elect Director Ronald S. Jankov

   Mgmt    For    For    For
1.5  

Elect Director Thomas H. Lee

   Mgmt    For    For    For
1.6  

Elect Director J. Michael Patterson

   Mgmt    For    For    For
1.7  

Elect Director Albert A. Pimentel

   Mgmt    For    For    For
1.8  

Elect Director Marshall C. Turner

   Mgmt    For    For    For
1.9  

Elect Director Elizabeth W. Vanderslice

   Mgmt    For    For    For
2  

Amend Qualified Employee Stock Purchase Plan

   Mgmt    For    For    For
3  

Amend Omnibus Stock Plan

   Mgmt    For    Refer    For
4  

Advisory Vote on Say on Pay Frequency

   Mgmt    One Year    One Year    One Year
5  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
6  

Ratify Ernst & Young LLP as Auditors

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

NIKE, Inc.

 

Meeting Date:    09/21/2017   Country:    USA   Primary Security ID:    654106103
Record Date:    07/21/2017   Meeting Type:    Annual   Ticker:    NKE
     Shares Voted:    28,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Alan B. Graf, Jr.

   Mgmt    For    For    For
1.2  

Elect Director John C. Lechleiter

   Mgmt    For    For    For
1.3  

Elect Director Michelle A. Peluso

   Mgmt    For    For    For
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Advisory Vote on Say on Pay Frequency

   Mgmt    One Year    One Year    One Year
4  

Amend Executive Incentive Bonus Plan

   Mgmt    For    Refer    For
5  

Report on Political Contributions Disclosure

   SH    Against    Against    Against
6  

Ratify PricewaterhouseCoopers LLP as Auditors

   Mgmt    For    For    For

FedEx Corporation

 

Meeting Date:    09/25/2017   Country:    USA   Primary Security ID:    31428X106
Record Date:    07/31/2017   Meeting Type:    Annual   Ticker:    FDX
     Shares Voted:    60,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director James L. Barksdale

   Mgmt    For    For    For
1.2  

Elect Director John A. Edwardson

   Mgmt    For    For    For
1.3  

Elect Director Marvin R. Ellison

   Mgmt    For    For    For
1.4  

Elect Director John C. (“Chris”) Inglis

   Mgmt    For    For    For
1.5  

Elect Director Kimberly A. Jabal

   Mgmt    For    For    For
1.6  

Elect Director Shirley Ann Jackson

   Mgmt    For    For    For
1.7  

Elect Director R. Brad Martin

   Mgmt    For    For    For
1.8  

Elect Director Joshua Cooper Ramo

   Mgmt    For    For    For
1.9  

Elect Director Susan C. Schwab

   Mgmt    For    For    For
1.10  

Elect Director Frederick W. Smith

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

FedEx Corporation

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.11  

Elect Director David P. Steiner

   Mgmt    For    For    For
1.12  

Elect Director Paul S. Walsh

   Mgmt    For    For    For
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Advisory Vote on Say on Pay Frequency

   Mgmt    One Year    One Year    One Year
4  

Amend Omnibus Stock Plan

   Mgmt    For    Refer    For
5  

Ratify Ernst & Young LLP as Auditors

   Mgmt    For    For    For
6  

Amend Proxy Access Right

   SH    Against    Against    Against
7  

Report on Lobbying Payments and Policy

   SH    Against    Against    Against
8  

Provide For Confidential Running Vote Tallies On Executive Pay Matters

   SH    Against    For    For
9  

Report on Company Non-Discrimination Policies in States with Pro-Discrimination Laws

   SH    Against    Against    Against

General Mills, Inc.

 

Meeting Date:    09/26/2017   Country:    USA   Primary Security ID:    370334104
Record Date:    07/28/2017   Meeting Type:    Annual   Ticker:    GIS
     Shares Voted:    225,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Bradbury H. Anderson

   Mgmt    For    For    For
1b  

Elect Director Alicia Boler Davis

   Mgmt    For    For    For
1c  

Elect Director R. Kerry Clark

   Mgmt    For    For    For
1d  

Elect Director David M. Cordani

   Mgmt    For    For    For
1e  

Elect Director Roger W. Ferguson, Jr.

   Mgmt    For    For    For
1f  

Elect Director Henrietta H. Fore

   Mgmt    For    For    For
1g  

Elect Director Jeffrey L. Harmening

   Mgmt    For    For    For
1h  

Elect Director Maria G. Henry

   Mgmt    For    For    For
1i  

Elect Director Heidi G. Miller

   Mgmt    For    For    For
1j  

Elect Director Steve Odland

   Mgmt    For    For    For
1k  

Elect Director Kendall J. Powell

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

General Mills, Inc.

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1l  

Elect Director Eric D. Sprunk

   Mgmt    For    For    For
1m  

Elect Director Jorge A. Uribe

   Mgmt    For    For    For
2  

Approve Omnibus Stock Plan

   Mgmt    For    Refer    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
4  

Advisory Vote on Say on Pay Frequency

   Mgmt    One Year    One Year    One Year
5  

Ratify KPMG LLP as Auditors

   Mgmt    For    For    For

Microsoft Corporation

 

Meeting Date:    11/29/2017   Country:    USA   Primary Security ID:    594918104
Record Date:    09/29/2017   Meeting Type:    Annual   Ticker:    MSFT
     Shares Voted:    482,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director William H. Gates, III

   Mgmt    For    For    For
1.2  

Elect Director Reid G. Hoffman

   Mgmt    For    For    For
1.3  

Elect Director Hugh F. Johnston

   Mgmt    For    For    For
1.4  

Elect Director Teri L. List-Stoll

   Mgmt    For    For    For
1.5  

Elect Director Satya Nadella

   Mgmt    For    For    For
1.6  

Elect Director Charles H. Noski

   Mgmt    For    For    For
1.7  

Elect Director Helmut Panke

   Mgmt    For    For    For
1.8  

Elect Director Sandra E. Peterson

   Mgmt    For    For    For
1.9  

Elect Director Penny S. Pritzker

   Mgmt    For    For    For
1.10  

Elect Director Charles W. Scharf

   Mgmt    For    For    For
1.11  

Elect Director Arne M. Sorenson

   Mgmt    For    For    For
1.12  

Elect Director John W. Stanton

   Mgmt    For    For    For
1.13  

Elect Director John W. Thompson

   Mgmt    For    For    For
1.14  

Elect Director Padmasree Warrior

   Mgmt    For    For    For
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Advisory Vote on Say on Pay Frequency

   Mgmt    One Year    One Year    One Year


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Microsoft Corporation

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

4  

Ratify Deloitte & Touche LLP as Auditors

   Mgmt    For    For    For
5  

Amend Executive Incentive Bonus Plan

   Mgmt    For    Refer    For
6  

Approve Omnibus Stock Plan

   Mgmt    For    Refer    For

Vail Resorts, Inc.

 

Meeting Date:    12/06/2017   Country:    USA   Primary Security ID:    91879Q109
Record Date:    10/10/2017   Meeting Type:    Annual   Ticker:    MTN
     Shares Voted:    60,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Susan L. Decker

   Mgmt    For    For    For
1b  

Elect Director Roland A. Hernandez

   Mgmt    For    For    For
1c  

Elect Director Robert A. Katz

   Mgmt    For    For    For
1d  

Elect Director John T. Redmond

   Mgmt    For    For    For
1e  

Elect Director Michele Romanow

   Mgmt    For    For    For
1f  

Elect Director Hilary A. Schneider

   Mgmt    For    For    For
1g  

Elect Director D. Bruce Sewell

   Mgmt    For    For    For
1h  

Elect Director John F. Sorte

   Mgmt    For    For    For
1i  

Elect Director Peter A. Vaughn

   Mgmt    For    For    For
2  

Ratify PricewaterhouseCoopers LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
4  

Advisory Vote on Say on Pay Frequency

   Mgmt    One Year    One Year    One Year


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

XPO Logistics, Inc.

 

Meeting Date:    12/20/2017   Country:    USA   Primary Security ID:    983793100
Record Date:    11/17/2017   Meeting Type:    Special   Ticker:    XPO
     Shares Voted:    300,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1  

Approve Qualified Employee Stock Purchase Plan

   Mgmt    For    For    For
2  

Adjourn Meeting

   Mgmt    For    For    For

Woodward, Inc.

 

Meeting Date:    01/24/2018   Country:    USA   Primary Security ID:    980745103
Record Date:    11/27/2017   Meeting Type:    Annual   Ticker:    WWD
     Shares Voted:    170,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Thomas A. Gendron

   Mgmt    For    For    For
1.2  

Elect Director Daniel G. Korte

   Mgmt    For    For    For
1.3  

Elect Director Ronald M. Sega

   Mgmt    For    For    For
2  

Ratify Deloitte & Touche LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
4  

Amend Omnibus Stock Plan

   Mgmt    For    Refer    For

Costco Wholesale Corporation

 

Meeting Date:    01/30/2018   Country:    USA   Primary Security ID:    22160K105
Record Date:    11/24/2017   Meeting Type:    Annual   Ticker:    COST
     Shares Voted:    225,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Kenneth D. Denman

   Mgmt    For    For    For
1.2  

Elect Director W. Craig Jelinek

   Mgmt    For    For    For
1.3  

Elect Director Jeffrey S. Raikes

   Mgmt    For    For    For
2  

Ratify KPMG LLP as Auditors

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Costco Wholesale Corporation

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
4  

Adopt Simple Majority Vote

   SH    Against    For    For
5  

Adopt Policy Regarding Prison Labor

   SH    Against    Refer    Against

Emerson Electric Co.

 

Meeting Date:    02/06/2018   Country:    USA   Primary Security ID:    291011104
Record Date:    11/28/2017   Meeting Type:    Annual   Ticker:    EMR
     Shares Voted:    125,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Arthur F. Golden

   Mgmt    For    For    For
1.2  

Elect Director Candace Kendle

   Mgmt    For    For    For
1.3  

Elect Director James S. Turley

   Mgmt    For    For    For
1.4  

Elect Director Gloria A. Flach

   Mgmt    For    For    For
2  

Ratify KPMG LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
4  

Amend Articles of Incorporation to Provide Shareholders the Right to Amend Bylaws

   Mgmt    For    Refer    For
5  

Adopt the Jurisdiction of Incorporation as the Exclusive Forum for Certain Disputes

   Mgmt    For    Refer    Against
6  

Require Independent Board Chairman

   SH    Against    Refer    For
7  

Report on Political Contributions

   SH    Against    Against    Against
8  

Report on Lobbying Payments and Policy

   SH    Against    Against    Against
9  

Adopt Quantitative Company-wide GHG Goals

   SH    Against    Refer    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Apple Inc.

 

Meeting Date:    02/13/2018   Country:    USA   Primary Security ID:    037833100
Record Date:    12/15/2017   Meeting Type:    Annual   Ticker:    AAPL
     Shares Voted:    475,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director James Bell

   Mgmt    For    For    For
1b  

Elect Director Tim Cook

   Mgmt    For    For    For
1c  

Elect Director Al Gore

   Mgmt    For    For    For
1d  

Elect Director Bob Iger

   Mgmt    For    For    For
1e  

Elect Director Andrea Jung

   Mgmt    For    For    For
1f  

Elect Director Art Levinson

   Mgmt    For    For    For
1g  

Elect Director Ron Sugar

   Mgmt    For    For    For
1h  

Elect Director Sue Wagner

   Mgmt    For    For    For
2  

Ratify Ernst & Young LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
4  

Amend Non-Employee Director Omnibus Stock Plan

   Mgmt    For    Refer    For
5  

Proxy Access Amendments

   SH    Against    Against    Against
6  

Establish Human Rights Committee

   SH    Against    Refer    Against

Applied Materials, Inc.

 

Meeting Date:    03/08/2018   Country:    USA   Primary Security ID:    038222105
Record Date:    01/10/2018   Meeting Type:    Annual   Ticker:    AMAT
     Shares Voted:    280,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Judy Bruner

   Mgmt    For    For    For
1b  

Elect Director Xun (Eric) Chen

   Mgmt    For    For    For
1c  

Elect Director Aart J. de Geus

   Mgmt    For    For    For
1d  

Elect Director Gary E. Dickerson

   Mgmt    For    For    For
1e  

Elect Director Stephen R. Forrest

   Mgmt    For    For    For
1f  

Elect Director Thomas J. Iannotti

   Mgmt    For    For    For
1g  

Elect Director Alexander A. Karsner

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Applied Materials, Inc.

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1h  

Elect Director Adrianna C. Ma

   Mgmt    For    For    For
1i  

Elect Director Scott A. McGregor

   Mgmt    For    For    For
1j  

Elect Director Dennis D. Powell

   Mgmt    For    For    For
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Ratify KPMG LLP as Auditors

   Mgmt    For    For    For
4  

Provide Right to Act by Written Consent

   SH    Against    For    For
5  

Adopt Policy to Annually Disclose EEO-1 Data

   SH    Against    Against    Against

The Walt Disney Company

 

Meeting Date:    03/08/2018   Country:    USA   Primary Security ID:    254687106
Record Date:    01/08/2018   Meeting Type:    Annual   Ticker:    DIS
     Shares Voted:    425,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Susan E. Arnold

   Mgmt    For    For    For
1b  

Elect Director Mary T. Barra

   Mgmt    For    For    For
1c  

Elect Director Safra A. Catz

   Mgmt    For    For    For
1d  

Elect Director John S. Chen

   Mgmt    For    For    For
1e  

Elect Director Francis A. deSouza

   Mgmt    For    For    For
1f  

Elect Director Robert A. Iger

   Mgmt    For    For    For
1g  

Elect Director Maria Elena Lagomasino

   Mgmt    For    For    For
1h  

Elect Director Fred H. Langhammer

   Mgmt    For    For    For
1i  

Elect Director Aylwin B. Lewis

   Mgmt    For    For    For
1j  

Elect Director Mark G. Parker

   Mgmt    For    For    For
2  

Ratify PricewaterhouseCoopers LLP as Auditors

   Mgmt    For    For    For
3  

Amend Executive Incentive Bonus Plan

   Mgmt    For    Refer    For
4  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
5  

Report on Lobbying Payments and Policy

   SH    Against    Against    Against
6  

Proxy Access Bylaw Amendment

   SH    Against    Against    Against


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Analog Devices, Inc.

 

Meeting Date:    03/14/2018   Country:    USA   Primary Security ID:    032654105
Record Date:    01/08/2018   Meeting Type:    Annual   Ticker:    ADI
     Shares Voted:    250,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Ray Stata

   Mgmt    For    For    For
1b  

Elect Director Vincent Roche

   Mgmt    For    For    For
1c  

Elect Director James A. Champy

   Mgmt    For    For    For
1d  

Elect Director Bruce R. Evans

   Mgmt    For    For    For
1e  

Elect Director Edward H. Frank

   Mgmt    For    For    For
1f  

Elect Director Mark M. Little

   Mgmt    For    For    For
1g  

Elect Director Neil Novich

   Mgmt    For    For    For
1h  

Elect Director Kenton J. Sicchitano

   Mgmt    For    For    For
1i  

Elect Director Lisa T. Su

   Mgmt    For    For    For
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Ratify Ernst & Young LLP as Auditors

   Mgmt    For    For    For

Starbucks Corporation

 

Meeting Date:    03/21/2018   Country:    USA   Primary Security ID:    855244109
Record Date:    01/11/2018   Meeting Type:    Annual   Ticker:    SBUX
     Shares Voted:    646,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Howard Schultz

   Mgmt    For    For    For
1b  

Elect Director Rosalind G. Brewer

   Mgmt    For    For    For
1c  

Elect Director Mary N. Dillon

   Mgmt    For    For    For
1d  

Elect Director Mellody Hobson

   Mgmt    For    For    For
1e  

Elect Director Kevin R. Johnson

   Mgmt    For    For    For
1f  

Elect Director Jorgen Vig Knudstorp

   Mgmt    For    For    For
1g  

Elect Director Satya Nadella

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Starbucks Corporation

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1h  

Elect Director Joshua Cooper Ramo

   Mgmt    For    For    For
1i  

Elect Director Clara Shih

   Mgmt    For    For    For
1j  

Elect Director Javier G. Teruel

   Mgmt    For    For    For
1k  

Elect Director Myron E. Ullman, III

   Mgmt    For    For    For
1l  

Elect Director Craig E. Weatherup

   Mgmt    For    For    For
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Ratify Deloitte & Touche LLP as Auditors

   Mgmt    For    For    For
4  

Proxy Access Bylaw Amendments

   SH    Against    Against    Against
5  

Report on Sustainable Packaging

   SH    Against    Refer    Against
6  

Report on Paid Family Leave *Withdrawn Resolution*

   SH         
7  

Prepare Employment Diversity Report and Report on Diversity Policies

   SH    Against    Against    Against

Broadcom Limited

 

Meeting Date:    03/23/2018   Country:    Singapore   Primary Security ID:    Y09827109
Record Date:    03/05/2018   Meeting Type:    Court   Ticker:    AVGO
     Shares Voted:    140,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

 

Court-Ordered Meeting for Shareholders

   Mgmt         
1  

Approve Scheme of Arrangement

   Mgmt    For    Refer    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

QUALCOMM Incorporated

 

Meeting Date:    03/23/2018   Country:    USA   Primary Security ID:    747525103
Record Date:    01/08/2018   Meeting Type:    Proxy Contest   Ticker:    QCOM
     Shares Voted:    310,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

 

Management Proxy (White Proxy Card)

   Mgmt         
1.1  

Elect Director Barbara T. Alexander

   Mgmt    For    Refer    Do Not Vote
1.2  

Elect Director Jeffrey W. Henderson

   Mgmt    For    Refer    Do Not Vote
1.3  

Elect Director Thomas W. Horton

   Mgmt    For    Refer    Do Not Vote
1.4  

Elect Director Paul E. Jacobs

   Mgmt    For    Refer    Do Not Vote
1.5  

Elect Director Ann M. Livermore

   Mgmt    For    Refer    Do Not Vote
1.6  

Elect Director Harish Manwani

   Mgmt    For    Refer    Do Not Vote
1.7  

Elect Director Mark D. McLaughlin

   Mgmt    For    Refer    Do Not Vote
1.8  

Elect Director Steve Mollenkopf

   Mgmt    For    Refer    Do Not Vote
1.9  

Elect Director Clark T. “Sandy” Randt, Jr.

   Mgmt    For    Refer    Do Not Vote
1.10  

Elect Director Francisco Ros

   Mgmt    For    Refer    Do Not Vote
1.11  

Elect Director Anthony J. Vinciquerra

   Mgmt    For    Refer    Do Not Vote
2  

Ratify PricewaterhouseCoopers LLP as Auditors

   Mgmt    For    Refer    Do Not Vote
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    Refer    Do Not Vote
4  

Amend Qualified Employee Stock Purchase Plan

   Mgmt    For    Refer    Do Not Vote
5  

Eliminate Supermajority Vote Requirement to Remove Directors

   Mgmt    For    Refer    Do Not Vote
6  

Eliminate Supermajority Vote Requirement Relating to Amendments and Obsolete Provisions

   Mgmt    For    Refer    Do Not Vote
7  

Eliminate Supermajority Vote Requirement for Business Combinations with Interested Stockholders

   Mgmt    For    Refer    Do Not Vote
8  

Repeal Amendments to the Company’s Bylaws Adopted Without Stockholder Approval After July 15, 2016

   SH    Against    Refer    Do Not Vote
 

Dissident Proxy (Blue Proxy Card)

   Mgmt         
1.1  

Elect Director Samih Elhage

   SH    For    Refer    For
1.2  

Elect Director David G. Golden

   SH    For    Refer    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

QUALCOMM Incorporated

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.3  

Elect Director Veronica M. Hagen

   SH    For    Refer    For
1.4  

Elect Director Julie A. Hill

   SH    For    Refer    For
1.5  

Elect Director John H. Kispert

   SH    For    Refer    For
1.6  

Elect Director Harry L. You

   SH    For    Refer    For
2  

Repeal Amendments to the Company’s Bylaws Adopted Without Stockholder Approval After July 15, 2016

   SH    For    Refer    For
3  

Ratify PricewaterhouseCoopers LLP as Auditors

   Mgmt    For    Refer    For
4  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    None    Refer    For
5  

Amend Qualified Employee Stock Purchase Plan

   Mgmt    None    Refer    For
6  

Eliminate Supermajority Vote Requirement to Remove Directors

   Mgmt    For    Refer    For
7  

Eliminate Supermajority Vote Requirement Relating to Amendments and Obsolete Provisions

   Mgmt    For    Refer    For
8  

Eliminate Supermajority Vote Requirement for Business Combinations with Interested Stockholders

   Mgmt    For    Refer    For

Broadcom Limited

 

Meeting Date:    04/04/2018   Country:    Singapore   Primary Security ID:    Y09827109
Record Date:    02/12/2018   Meeting Type:    Annual   Ticker:    AVGO
     Shares Voted:    140,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Hock E. Tan

   Mgmt    For    For    For
1b  

Elect Director James V. Diller

   Mgmt    For    For    For
1c  

Elect Director Gayla J. Delly

   Mgmt    For    For    For
1d  

Elect Director Lewis C. Eggebrecht

   Mgmt    For    For    For
1e  

Elect Director Kenneth Y. Hao

   Mgmt    For    For    For
1f  

Elect Director Eddy W. Hartenstein

   Mgmt    For    For    For
1g  

Elect Director Check Kian Low

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Broadcom Limited

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1h  

Elect Director Donald Macleod

   Mgmt    For    For    For
1i  

Elect Director Peter J. Marks

   Mgmt    For    For    For
1j  

Elect Director Henry Samueli

   Mgmt    For    For    For
2  

Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration

   Mgmt    For    For    For
3  

Approve Issuance of Shares With or Without Preemptive Rights

   Mgmt    For    For    For
4  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For

Schlumberger Limited

 

Meeting Date:    04/04/2018   Country:    Curacao   Primary Security ID:    806857108
Record Date:    02/07/2018   Meeting Type:    Annual   Ticker:    SLB
     Shares Voted:    325,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Peter L.S. Currie

   Mgmt    For    For    For
1b  

Elect Director Miguel M. Galuccio

   Mgmt    For    For    For
1c  

Elect Director V. Maureen Kempston Darkes

   Mgmt    For    For    For
1d  

Elect Director Paal Kibsgaard

   Mgmt    For    For    For
1e  

Elect Director Nikolay Kudryavtsev

   Mgmt    For    For    For
1f  

Elect Director Helge Lund

   Mgmt    For    For    For
1g  

Elect Director Michael E. Marks

   Mgmt    For    For    For
1h  

Elect Director Indra K. Nooyi

   Mgmt    For    For    For
1i  

Elect Director Lubna S. Olayan

   Mgmt    For    For    For
1j  

Elect Director Leo Rafael Reif

   Mgmt    For    For    For
1k  

Elect Director Henri Seydoux

   Mgmt    For    For    For
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Adopt and Approve Financials and Dividends

   Mgmt    For    For    For
4  

Ratify PricewaterhouseCoopers LLP as Auditors

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Schlumberger Limited

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

5  

Amend Omnibus Stock Plan

   Mgmt    For    For    For

Schneider National, Inc.

 

Meeting Date:    04/23/2018   Country:    USA   Primary Security ID:    80689H102
Record Date:    02/22/2018   Meeting Type:    Annual   Ticker:    SNDR
     Shares Voted:    275,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Mary P. DePrey

   Mgmt    For    Refer    Withhold
1.2  

Elect Director Thomas A. Gannon

   Mgmt    For    Refer    Withhold
1.3  

Elect Director James R. Giertz

   Mgmt    For    For    For
1.4  

Elect Director Adam P. Godfrey

   Mgmt    For    Refer    Withhold
1.5  

Elect Director Robert W. Grubbs

   Mgmt    For    Refer    Withhold
1.6  

Elect Director Norman E. Johnson

   Mgmt    For    Refer    Withhold
1.7  

Elect Director Christopher B. Lofgren

   Mgmt    For    Refer    Withhold
1.8  

Elect Director Daniel J. Sullivan

   Mgmt    For    Refer    Withhold
1.9  

Elect Director Kathleen M. Zimmermann

   Mgmt    For    Refer    Withhold
2  

Ratify Deloitte & Touche LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
4  

Advisory Vote on Say on Pay Frequency

   Mgmt    One Year    One Year    One Year

The Kraft Heinz Company

 

Meeting Date:    04/23/2018   Country:    USA   Primary Security ID:    500754106
Record Date:    02/22/2018   Meeting Type:    Annual   Ticker:    KHC
     Shares Voted:    185,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Gregory E. Abel

   Mgmt    For    For    For
1b  

Elect Director Alexandre Behring

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

The Kraft Heinz Company

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1c  

Elect Director John T. Cahill

   Mgmt    For    For    For
1d  

Elect Director Tracy Britt Cool

   Mgmt    For    For    For
1e  

Elect Director Feroz Dewan

   Mgmt    For    For    For
1f  

Elect Director Jeanne P. Jackson

   Mgmt    For    For    For
1g  

Elect Director Jorge Paulo Lemann

   Mgmt    For    For    For
1h  

Elect Director John C. Pope

   Mgmt    For    For    For
1i  

Elect Director Marcel Herrmann Telles

   Mgmt    For    For    For
1j  

Elect Director Alexandre Van Damme

   Mgmt    For    For    For
1k  

Elect Director George Zoghbi

   Mgmt    For    For    For
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Ratify PricewaterhouseCoopers LLP as Auditors

   Mgmt    For    For    For
4  

Assess Environmental Impact of Non-Recyclable Packaging

   SH    Against    Refer    Against

Citigroup Inc.

 

Meeting Date:    04/24/2018   Country:    USA   Primary Security ID:    172967424
Record Date:    02/26/2018   Meeting Type:    Annual   Ticker:    C
     Shares Voted:    400,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Michael L. Corbat

   Mgmt    For    For    For
1b  

Elect Director Ellen M. Costello

   Mgmt    For    For    For
1c  

Elect Director John C. Dugan

   Mgmt    For    For    For
1d  

Elect Director Duncan P. Hennes

   Mgmt    For    For    For
1e  

Elect Director Peter B. Henry

   Mgmt    For    For    For
1f  

Elect Director Franz B. Humer

   Mgmt    For    For    For
1g  

Elect Director S. Leslie Ireland

   Mgmt    For    For    For
1h  

Elect Director Renee J. James

   Mgmt    For    For    For
1i  

Elect Director Eugene M. McQuade

   Mgmt    For    For    For
1j  

Elect Director Michael E. O’Neill

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Citigroup Inc.

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1k  

Elect Director Gary M. Reiner

   Mgmt    For    For    For
1l  

Elect Director Anthony M. Santomero

   Mgmt    For    For    For
1m  

Elect Director Diana L. Taylor

   Mgmt    For    For    For
1n  

Elect Director James S. Turley

   Mgmt    For    For    For
1o  

Elect Director Deborah C. Wright

   Mgmt    For    For    For
1p  

Elect Director Ernesto Zedillo Ponce De Leon

   Mgmt    For    For    For
2  

Ratify KPMG LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
4  

Amend Omnibus Stock Plan

   Mgmt    For    For    For
5  

Adopt Human and Indigenous People’s Rights Policy

   SH    Against    Against    Against
6  

Provide for Cumulative Voting

   SH    Against    Against    Against
7  

Report on Lobbying Payments and Policy

   SH    Against    Against    Against
8  

Amend Proxy Access Right

   SH    Against    Against    Against
9  

Prohibit Accelerated Vesting of Awards to Pursue Government Service

   SH    Against    Refer    For
10  

Amend Bylaws - Call Special Meetings

   SH    Against    For    For

Shire plc

 

Meeting Date:    04/24/2018   Country:    Jersey   Primary Security ID:    G8124V108
Record Date:    03/22/2018   Meeting Type:    Annual   Ticker:    SHP
     Shares Voted:    140,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

 

Meeting for ADR Holders

   Mgmt         
1  

Accept Financial Statements and Statutory Reports

   Mgmt    For    For    For
2  

Approve Remuneration Report

   Mgmt    For    For    For
3  

Approve Remuneration Policy

   Mgmt    For    For    For
4  

Re-elect Olivier Bohuon as Director

   Mgmt    For    For    For
5  

Re-elect Ian Clark as Director

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Shire plc

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

6  

Elect Thomas Dittrich as Director

   Mgmt    For    For    For
7  

Re-elect Gail Fosler as Director

   Mgmt    For    For    For
8  

Re-elect Steven Gillis as Director

   Mgmt    For    For    For
9  

Re-elect David Ginsburg as Director

   Mgmt    For    For    For
10  

Re-elect Susan Kilsby as Director

   Mgmt    For    For    For
11  

Re-elect Sara Mathew as Director

   Mgmt    For    For    For
12  

Re-elect Flemming Ornskov as Director

   Mgmt    For    For    For
13  

Re-elect Albert Stroucken as Director

   Mgmt    For    For    For
14  

Reappoint Deloitte LLP as Auditors

   Mgmt    For    For    For
15  

Authorise the Audit, Compliance & Risk Committee to Fix Remuneration of Auditors

   Mgmt    For    For    For
16  

Authorise Issue of Equity with Pre-emptive Rights

   Mgmt    For    For    For
17  

Authorise Issue of Equity without Pre-emptive Rights

   Mgmt    For    For    For
18  

Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment

   Mgmt    For    For    For
19  

Authorise Market Purchase of Ordinary Shares

   Mgmt    For    For    For
20  

Authorise the Company to Call General Meeting with Two Weeks’ Notice

   Mgmt    For    For    For

The PNC Financial Services Group, Inc.

 

Meeting Date:    04/24/2018   Country:    USA   Primary Security ID:    693475105
Record Date:    02/02/2018   Meeting Type:    Annual   Ticker:    PNC
     Shares Voted:    110,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Charles E. Bunch

   Mgmt    For    For    For
1.2  

Elect Director Debra A. Cafaro

   Mgmt    For    For    For
1.3  

Elect Director Marjorie Rodgers Cheshire

   Mgmt    For    For    For
1.4  

Elect Director William S. Demchak

   Mgmt    For    For    For
1.5  

Elect Director Andrew T. Feldstein

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

The PNC Financial Services Group, Inc.

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.6  

Elect Director Daniel R. Hesse

   Mgmt    For    For    For
1.7  

Elect Director Richard B. Kelson

   Mgmt    For    For    For
1.8  

Elect Director Linda R. Medler

   Mgmt    For    For    For
1.9  

Elect Director Martin Pfinsgraff

   Mgmt    For    For    For
1.10  

Elect Director Donald J. Shepard

   Mgmt    For    For    For
1.11  

Elect Director Michael J. Ward

   Mgmt    For    For    For
1.12  

Elect Director Gregory D. Wasson

   Mgmt    For    For    For
2  

Ratify PricewaterhouseCoopers LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For

Bank of America Corporation

 

Meeting Date:    04/25/2018   Country:    USA   Primary Security ID:    060505104
Record Date:    03/02/2018   Meeting Type:    Annual   Ticker:    BAC
     Shares Voted:    1,075,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Sharon L. Allen

   Mgmt    For    For    For
1b  

Elect Director Susan S. Bies

   Mgmt    For    For    For
1c  

Elect Director Jack O. Bovender, Jr.

   Mgmt    For    For    For
1d  

Elect Director Frank P. Bramble, Sr.

   Mgmt    For    For    For
1e  

Elect Director Pierre J.P. de Weck

   Mgmt    For    For    For
1f  

Elect Director Arnold W. Donald

   Mgmt    For    For    For
1g  

Elect Director Linda P. Hudson

   Mgmt    For    For    For
1h  

Elect Director Monica C. Lozano

   Mgmt    For    For    For
1i  

Elect Director Thomas J. May

   Mgmt    For    For    For
1j  

Elect Director Brian T. Moynihan

   Mgmt    For    For    For
1k  

Elect Director Lionel L. Nowell, III

   Mgmt    For    For    For
1l  

Elect Director Michael D. White

   Mgmt    For    For    For
1m  

Elect Director Thomas D. Woods

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Bank of America Corporation

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1n  

Elect Director R. David Yost

   Mgmt    For    For    For
1o  

Elect Director Maria T. Zuber

   Mgmt    For    For    For
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Ratify PricewaterhouseCoopers LLP as Auditors

   Mgmt    For    For    For
4  

Require Independent Board Chairman

   SH    Against    Refer    For

Lockheed Martin Corporation

 

Meeting Date:    04/26/2018   Country:    USA   Primary Security ID:    539830109
Record Date:    02/23/2018   Meeting Type:    Annual   Ticker:    LMT
     Shares Voted:    50,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Daniel F. Akerson

   Mgmt    For    For    For
1.2  

Elect Director Nolan D. Archibald

   Mgmt    For    For    For
1.3  

Elect Director David B. Burritt

   Mgmt    For    For    For
1.4  

Elect Director Bruce A. Carlson

   Mgmt    For    For    For
1.5  

Elect Director James O. Ellis, Jr.

   Mgmt    For    For    For
1.6  

Elect Director Thomas J. Falk

   Mgmt    For    For    For
1.7  

Elect Director Ilene S. Gordon

   Mgmt    For    For    For
1.8  

Elect Director Marillyn A. Hewson

   Mgmt    For    For    For
1.9  

Elect Director Jeh C. Johnson

   Mgmt    For    For    For
1.10  

Elect Director Joseph W. Ralston

   Mgmt    For    For    For
1.11  

Elect Director James D. Taiclet, Jr.

   Mgmt    For    For    For
2  

Ratify Ernst & Young LLP as Auditors

   Mgmt    For    For    For
3  

Amend Non-Employee Director Omnibus Stock Plan

   Mgmt    For    Refer    For
4  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
5  

Provide Right to Act by Written Consent

   SH    Against    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Texas Instruments Incorporated

 

Meeting Date:    04/26/2018   Country:    USA   Primary Security ID:    882508104
Record Date:    02/26/2018   Meeting Type:    Annual   Ticker:    TXN
     Shares Voted:    105,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Ralph W. Babb, Jr.

   Mgmt    For    For    For
1b  

Elect Director Mark A. Blinn

   Mgmt    For    For    For
1c  

Elect Director Todd M. Bluedorn

   Mgmt    For    For    For
1d  

Elect Director Daniel A. Carp

   Mgmt    For    For    For
1e  

Elect Director Janet F. Clark

   Mgmt    For    For    For
1f  

Elect Director Carrie S. Cox

   Mgmt    For    For    For
1g  

Elect Director Brian T. Crutcher

   Mgmt    For    For    For
1h  

Elect Director Jean M. Hobby

   Mgmt    For    For    For
1i  

Elect Director Ronald Kirk

   Mgmt    For    For    For
1j  

Elect Director Pamela H. Patsley

   Mgmt    For    For    For
1k  

Elect Director Robert E. Sanchez

   Mgmt    For    For    For
1l  

Elect Director Richard K. Templeton

   Mgmt    For    For    For
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Approve Non-Employee Director Omnibus Stock Plan

   Mgmt    For    Refer    For
4  

Ratify Ernst & Young LLP as Auditors

   Mgmt    For    For    For

Kellogg Company

 

Meeting Date:    04/27/2018   Country:    USA   Primary Security ID:    487836108
Record Date:    02/28/2018   Meeting Type:    Annual   Ticker:    K
     Shares Voted:    210,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Carter Cast

   Mgmt    For    For    For
1.2  

Elect Director Zachary Gund

   Mgmt    For    For    For
1.3  

Elect Director Jim Jenness

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Kellogg Company

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.4  

Elect Director Don Knauss

   Mgmt    For    For    For
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Ratify PricewaterhouseCoopers LLP as Auditors

   Mgmt    For    For    For

Incyte Corporation

 

Meeting Date:    05/01/2018   Country:    USA   Primary Security ID:    45337C102
Record Date:    03/05/2018   Meeting Type:    Annual   Ticker:    INCY
     Shares Voted:    107,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Julian C. Baker

   Mgmt    For    For    For
1.2  

Elect Director Jean-Jacques Bienaime

   Mgmt    For    For    For
1.3  

Elect Director Paul A. Brooke

   Mgmt    For    For    For
1.4  

Elect Director Paul J. Clancy

   Mgmt    For    For    For
1.5  

Elect Director Wendy L. Dixon

   Mgmt    For    For    For
1.6  

Elect Director Jacqualyn A. Fouse

   Mgmt    For    For    For
1.7  

Elect Director Paul A. Friedman

   Mgmt    For    For    For
1.8  

Elect Director Herve Hoppenot

   Mgmt    For    For    For
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Amend Omnibus Stock Plan

   Mgmt    For    For    For
4  

Ratify Ernst & Young LLP as Auditors

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

PACCAR Inc

 

Meeting Date:    05/01/2018   Country:    USA   Primary Security ID:    693718108
Record Date:    03/07/2018   Meeting Type:    Annual   Ticker:    PCAR
     Shares Voted:    165,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Beth E. Ford

   Mgmt    For    For    For
1.2  

Elect Director Kirk S. Hachigian

   Mgmt    For    For    For
1.3  

Elect Director Roderick C. McGeary

   Mgmt    For    Refer    Against
1.4  

Elect Director Mark A. Schulz

   Mgmt    For    Refer    Against
1.5  

Elect Director Mark C. Pigott

   Mgmt    For    For    For
1.6  

Elect Director Charles R. Williamson

   Mgmt    For    Refer    Against
1.7  

Elect Director Ronald E. Armstrong

   Mgmt    For    For    For
2  

Eliminate Supermajority Vote Requirement to Remove Directors

   Mgmt    For    For    For
3  

Reduce Ownership Threshold for Shareholders to Call Special Meeting

   SH    Against    For    For

Allergan plc

 

Meeting Date:    05/02/2018   Country:    Ireland   Primary Security ID:    G0177J108
Record Date:    03/06/2018   Meeting Type:    Annual   Ticker:    AGN
     Shares Voted:    75,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Nesli Basgoz

   Mgmt    For    For    For
1b  

Elect Director Paul M. Bisaro

   Mgmt    For    For    For
1c  

Elect Director Joseph H. Boccuzi

   Mgmt    For    For    For
1d  

Elect Director Christopher W. Bodine

   Mgmt    For    For    For
1e  

Elect Director Adriane M. Brown

   Mgmt    For    For    For
1f  

Elect Director Christopher J. Coughlin

   Mgmt    For    For    For
1g  

Elect Director Carol Anthony ‘John’ Davidson

   Mgmt    For    For    For
1h  

Elect Director Catherine M. Klema

   Mgmt    For    For    For
1i  

Elect Director Peter J. McDonnell

   Mgmt    For    For    For
1j  

Elect Director Patrick J. O’Sullivan

   Mgmt    For    For    For
1k  

Elect Director Brenton L. Saunders

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Allergan plc

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1l  

Elect Director Fred G. Weiss

   Mgmt    For    For    For
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration

   Mgmt    For    For    For
4  

Authorize Issue of Equity with Pre-emptive Rights

   Mgmt    For    For    For
5A  

Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights

   Mgmt    For    For    For
5B  

Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights

   Mgmt    For    For    For
6  

Require Independent Board Chairman

   SH    Against    Refer    For

PepsiCo, Inc.

 

Meeting Date:    05/02/2018   Country:    USA   Primary Security ID:    713448108
Record Date:    03/01/2018   Meeting Type:    Annual   Ticker:    PEP
     Shares Voted:    210,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Shona L. Brown

   Mgmt    For    For    For
1b  

Elect Director George W. Buckley

   Mgmt    For    For    For
1c  

Elect Director Cesar Conde

   Mgmt    For    For    For
1d  

Elect Director Ian M. Cook

   Mgmt    For    For    For
1e  

Elect Director Dina Dublon

   Mgmt    For    For    For
1f  

Elect Director Richard W. Fisher

   Mgmt    For    For    For
1g  

Elect Director William R. Johnson

   Mgmt    For    For    For
1h  

Elect Director Indra K. Nooyi

   Mgmt    For    For    For
1i  

Elect Director David C. Page

   Mgmt    For    For    For
1j  

Elect Director Robert C. Pohlad

   Mgmt    For    For    For
1k  

Elect Director Daniel Vasella

   Mgmt    For    For    For
1l  

Elect Director Darren Walker

   Mgmt    For    For    For
1m  

Elect Director Alberto Weisser

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

PepsiCo, Inc.

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

2  

Ratify KPMG LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
4  

Reduce Ownership Threshold for Shareholders to Call Special Meeting

   SH    Against    For    For

Stryker Corporation

 

Meeting Date:    05/02/2018   Country:    USA   Primary Security ID:    863667101
Record Date:    03/05/2018   Meeting Type:    Annual   Ticker:    SYK
     Shares Voted:    105,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Mary K. Brainerd

   Mgmt    For    For    For
1b  

Elect Director Srikant M. Datar

   Mgmt    For    For    For
1c  

Elect Director Roch Doliveux

   Mgmt    For    For    For
1d  

Elect Director Louise L. Francesconi

   Mgmt    For    For    For
1e  

Elect Director Allan C. Golston

   Mgmt    For    For    For
1f  

Elect Director Kevin A. Lobo

   Mgmt    For    For    For
1g  

Elect Director Sherilyn S. McCoy

   Mgmt    For    For    For
1h  

Elect Director Andrew K. Silvernail

   Mgmt    For    For    For
1i  

Elect Director Ronda E. Stryker

   Mgmt    For    For    For
1j  

Elect Director Rajeev Suri

   Mgmt    For    For    For
2  

Ratify Ernst & Young LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

The Hershey Company

 

Meeting Date:    05/02/2018   Country:    USA   Primary Security ID:    427866108
Record Date:    03/05/2018   Meeting Type:    Annual   Ticker:    HSY
     Shares Voted:    135,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Pamela M. Arway

   Mgmt    For    For    For
1.2  

Elect Director James W. Brown

   Mgmt    For    For    For
1.3  

Elect Director Michele G. Buck

   Mgmt    For    For    For
1.4  

Elect Director Charles A. Davis

   Mgmt    For    For    For
1.5  

Elect Director Mary Kay Haben

   Mgmt    For    For    For
1.6  

Elect Director James C. Katzman

   Mgmt    For    For    For
1.7  

Elect Director M. Diane Koken

   Mgmt    For    For    For
1.8  

Elect Director Robert M. Malcolm

   Mgmt    For    For    For
1.9  

Elect Director Anthony J. Palmer

   Mgmt    For    For    For
1.10  

Elect Director Wendy L. Schoppert

   Mgmt    For    For    For
1.11  

Elect Director David L. Shedlarz

   Mgmt    For    For    For
2  

Ratify Ernst & Young LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For

Duke Energy Corporation

 

Meeting Date:    05/03/2018   Country:    USA   Primary Security ID:    26441C204
Record Date:    03/09/2018   Meeting Type:    Annual   Ticker:    DUK
     Shares Voted:    165,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Michael G. Browning

   Mgmt    For    For    For
1.2  

Elect Director Theodore F. Craver, Jr.

   Mgmt    For    For    For
1.3  

Elect Director Robert M. Davis

   Mgmt    For    For    For
1.4  

Elect Director Daniel R. DiMicco

   Mgmt    For    For    For
1.5  

Elect Director John H. Forsgren

   Mgmt    For    For    For
1.6  

Elect Director Lynn J. Good

   Mgmt    For    For    For
1.7  

Elect Director John T. Herron

   Mgmt    For    For    For
1.8  

Elect Director James B. Hyler, Jr.

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Duke Energy Corporation

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.9  

Elect Director William E. Kennard

   Mgmt    For    For    For
1.10  

Elect Director E. Marie McKee

   Mgmt    For    For    For
1.11  

Elect Director Charles W. Moorman, IV

   Mgmt    For    For    For
1.12  

Elect Director Carlos A. Saladrigas

   Mgmt    For    For    For
1.13  

Elect Director Thomas E. Skains

   Mgmt    For    For    For
1.14  

Elect Director William E. Webster, Jr.

   Mgmt    For    For    For
2  

Ratify Deloitte & Touche LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
4  

Eliminate Supermajority Vote Requirement

   Mgmt    For    For    For
5  

Report on Benefits of Lobbying

   SH    Against    Against    Against

US Foods Holding Corp.

 

Meeting Date:    05/04/2018   Country:    USA   Primary Security ID:    912008109
Record Date:    03/09/2018   Meeting Type:    Annual   Ticker:    USFD
     Shares Voted:    250,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1A  

Elect Director John A. Lederer

   Mgmt    For    For    For
1B  

Elect Director Carl Andrew Pforzheimer

   Mgmt    For    Refer    Against
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Amend Qualified Employee Stock Purchase Plan

   Mgmt    For    For    For
4  

Remove Supermajority Vote Requirement

   Mgmt    For    For    For
5  

Ratify Deloitte & Touche LLP as Auditors

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Alexion Pharmaceuticals, Inc.

 

Meeting Date:    05/08/2018   Country:    USA   Primary Security ID:    015351109
Record Date:    03/12/2018   Meeting Type:    Annual   Ticker:    ALXN
     Shares Voted:    175,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Felix J. Baker

   Mgmt    For    For    For
1.2  

Elect Director David R. Brennan

   Mgmt    For    For    For
1.3  

Elect Director Christopher J. Coughlin

   Mgmt    For    For    For
1.4  

Elect Director Deborah Dunsire

   Mgmt    For    For    For
1.5  

Elect Director Paul Friedman

   Mgmt    For    For    For
1.6  

Elect Director Ludwig N. Hantson

   Mgmt    For    For    For
1.7  

Elect Director John T. Mollen

   Mgmt    For    For    For
1.8  

Elect Director Francois Nader

   Mgmt    For    For    For
1.9  

Elect Director Judith Reinsdorf

   Mgmt    For    For    For
1.10  

Elect Director Andreas Rummelt

   Mgmt    For    For    For
2  

Ratify PricewaterhouseCoopers LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
4  

Require Independent Board Chairman

   SH    Against    Refer    For

Gilead Sciences, Inc.

 

Meeting Date:    05/09/2018   Country:    USA   Primary Security ID:    375558103
Record Date:    03/16/2018   Meeting Type:    Annual   Ticker:    GILD
     Shares Voted:    340,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director John F. Cogan

   Mgmt    For    For    For
1b  

Elect Director Jacqueline K. Barton

   Mgmt    For    For    For
1c  

Elect Director Kelly A. Kramer

   Mgmt    For    For    For
1d  

Elect Director Kevin E. Lofton

   Mgmt    For    For    For
1e  

Elect Director John C. Martin

   Mgmt    For    For    For
1f  

Elect Director John F. Milligan

   Mgmt    For    For    For
1g  

Elect Director Richard J. Whitley

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Gilead Sciences, Inc.

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1h  

Elect Director Gayle E. Wilson

   Mgmt    For    For    For
1i  

Elect Director Per Wold-Olsen

   Mgmt    For    For    For
2  

Ratify Ernst & Young LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
4  

Require Independent Board Chairman

   SH    Against    Refer    For
5  

Provide Right to Act by Written Consent

   SH    Against    For    For

Under Armour, Inc.

 

Meeting Date:    05/09/2018   Country:    USA   Primary Security ID:    904311107
Record Date:    02/23/2018   Meeting Type:    Annual   Ticker:    UAA
     Shares Voted:    820,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director Kevin A. Plank

   Mgmt    For    For    For
1.2  

Elect Director George W. Bodenheimer

   Mgmt    For    For    For
1.3  

Elect Director Douglas E. Coltharp

   Mgmt    For    For    For
1.4  

Elect Director Jerri L. DeVard

   Mgmt    For    For    For
1.5  

Elect Director Karen W. Katz

   Mgmt    For    Refer    Withhold
1.6  

Elect Director A.B. Krongard

   Mgmt    For    For    For
1.7  

Elect Director William R. McDermott

   Mgmt    For    Refer    Withhold
1.8  

Elect Director Eric T. Olson

   Mgmt    For    Refer    Withhold
1.9  

Elect Director Harvey L. Sanders

   Mgmt    For    For    For
2  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
3  

Ratify PricewaterhouseCoopers LLP as Auditors

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Air Transport Services Group, Inc.

 

Meeting Date:    05/10/2018   Country:    USA   Primary Security ID:    00922R105
Record Date:    03/15/2018   Meeting Type:    Annual   Ticker:    ATSG
     Shares Voted:    130,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Richard M. Baudouin

   Mgmt    For    For    For
1b  

Elect Director Raymond E. Johns, Jr.

   Mgmt    For    For    For
1c  

Elect Director Joseph C. Hete

   Mgmt    For    For    For
1d  

Elect Director Randy D. Rademacher

   Mgmt    For    For    For
1e  

Elect Director J. Christopher Teets

   Mgmt    For    For    For
1f  

Elect Director Jeffrey J. Vorholt

   Mgmt    For    For    For
2  

Approve Increase in Size of Board

   Mgmt    For    Refer    For
3  

Ratify Deloitte & Touche LLP as Auditors

   Mgmt    For    For    For
4  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For
5  

Increase Authorized Common Stock

   Mgmt    For    For    For
6  

Eliminate Supermajority Vote Requirement

   Mgmt    For    For    For
7  

Adjourn Meeting

   Mgmt    For    For    For

Tactile Systems Technology, Inc.

 

Meeting Date:    05/10/2018   Country:    USA   Primary Security ID:    87357P100
Record Date:    03/14/2018   Meeting Type:    Annual   Ticker:    TCMD
     Shares Voted:    270,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director William W. Burke

   Mgmt    For    For    For
1.2  

Elect Director Raymond O. Huggenberger

   Mgmt    For    For    For
1.3  

Elect Director Gerald R. Mattys

   Mgmt    For    For    For
1.4  

Elect Director Richard J. Nigon

   Mgmt    For    Refer    Withhold
1.5  

Elect Director Cheryl Pegus

   Mgmt    For    For    For
1.6  

Elect Director Kevin H. Roche

   Mgmt    For    For    For
1.7  

Elect Director Peter H. Soderberg

   Mgmt    For    Refer    Withhold
2  

Ratify Grant Thornton LLP as Auditors

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

Yum China Holdings, Inc.

 

Meeting Date:    05/11/2018   Country:    USA   Primary Security ID:    98850P109
Record Date:    03/13/2018   Meeting Type:    Annual   Ticker:    YUMC
     Shares Voted:    390,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Louis T. Hsieh

   Mgmt    For    For    For
1b  

Elect Director Jonathan S. Linen

   Mgmt    For    For    For
1c  

Elect Director Micky Pant

   Mgmt    For    For    For
1d  

Elect Director William Wang

   Mgmt    For    For    For
2  

Ratify KPMG Huazhen LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For

ConocoPhillips

 

Meeting Date:    05/15/2018   Country:    USA   Primary Security ID:    20825C104
Record Date:    03/19/2018   Meeting Type:    Annual   Ticker:    COP
     Shares Voted:    300,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1a  

Elect Director Charles E. Bunch

   Mgmt    For    For    For
1b  

Elect Director Caroline Maury Devine

   Mgmt    For    For    For
1c  

Elect Director John V. Faraci

   Mgmt    For    For    For
1d  

Elect Director Jody Freeman

   Mgmt    For    For    For
1e  

Elect Director Gay Huey Evans

   Mgmt    For    For    For
1f  

Elect Director Ryan M. Lance

   Mgmt    For    For    For
1g  

Elect Director Sharmila Mulligan

   Mgmt    For    For    For
1h  

Elect Director Arjun N. Murti

   Mgmt    For    For    For
1i  

Elect Director Robert A. Niblock

   Mgmt    For    For    For
1j  

Elect Director Harald J. Norvik

   Mgmt    For    For    For
2  

Ratify Ernst & Young LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For    For


Vote Summary Report

Reporting Period: 07/01/2017 to 06/30/2018

Location(s): All Locations

Institution Account(s): 920 - Ivy Accumulative Fund

 

ConocoPhillips

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

4  

Use GAAP for Executive Compensation Metrics

   SH    Against    Against    Against

First Republic Bank

 

Meeting Date:    05/15/2018   Country:    USA   Primary Security ID:    33616C100
Record Date:    03/16/2018   Meeting Type:    Annual   Ticker:    FRC
     Shares Voted:    40,000     

 

Proposal
Number

 

Proposal Text

  

Proponent

  

Mgmt Rec

  

Voting
Policy Rec

  

Vote

Instruction

1.1  

Elect Director James H. Herbert, II

   Mgmt    For    For    For
1.2  

Elect Director Katherine August-deWilde

   Mgmt    For    For    For
1.3  

Elect Director Thomas J. Barrack, Jr.

   Mgmt    For    For    For
1.4  

Elect Director Frank J. Fahrenkopf, Jr.

   Mgmt    For    For    For
1.5  

Elect Director L. Martin Gibbs

   Mgmt    For    For    For
1.6  

Elect Director Boris Groysberg

   Mgmt    For    For    For
1.7  

Elect Director Sandra R. Hernandez

   Mgmt    For    For    For
1.8  

Elect Director Pamela J. Joyner

   Mgmt    For    For    For
1.9  

Elect Director Reynold Levy

   Mgmt    For    For    For
1.10  

Elect Director Duncan L. Niederauer

   Mgmt    For    For    For
11  

Elect Director George G.C. Parker

   Mgmt    For    For    For
1.12  

Elect Director Cheryl Spielman

   Mgmt    For    For    For
2  

Ratify KPMG LLP as Auditors

   Mgmt    For    For    For
3  

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt    For    For