Home › Companies › ARES MANAGEMENT CORP. › 2024-2025

ARES MANAGEMENT CORP. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and ARES MANAGEMENT CORP.’s Form 8-K, filed 2025-06-11 (Item 5.07 on EDGAR). Page generated 02 October 2026.

30Reported items
634Asset managers
8,537Fund votes
2025-06-06Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore ARES MANAGEMENT CORP. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by ARES MANAGEMENT CORP.

These tallies are ARES MANAGEMENT CORP.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-06-11 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

ARES MANAGEMENT CORP. — official shareholder meeting results, meeting held 2025-06-06
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Michael J Arougheti	980,343,717	51,196,913	14,718	--	13,686,263	Majority: yes
Elect Director: Ashish Bhutani	1,022,385,731	9,152,285	17,332	--	13,686,263	Majority: yes
Elect Director: Antoinette Bush	980,433,122	51,104,813	17,413	--	13,686,263	Majority: yes
Elect Director: R. Kipp deVeer	992,478,263	39,060,364	16,721	--	13,686,263	Majority: yes
Elect Director: Paul G. Joubert	1,018,142,509	13,395,830	17,009	--	13,686,263	Majority: yes
Elect Director: David B. Kaplan	991,636,045	39,900,998	18,305	--	13,686,263	Majority: yes
Elect Director: Michael Lynton	1,002,157,265	29,380,884	17,199	--	13,686,263	Majority: yes
Elect Director: Eileen Naughton	1,022,387,827	9,150,004	17,517	--	13,686,263	Majority: yes
Elect Director: Dr. Judy D. Olian	975,165,709	56,372,642	16,997	--	13,686,263	Majority: yes
Elect Director: Antony P. Ressler	964,367,374	67,170,998	16,976	--	13,686,263	Majority: yes
Elect Director: Bennett Rosenthal	992,471,328	39,064,692	19,328	--	13,686,263	Majority: yes

This meeting is also recorded here as 2025-06-05; both records come from the same filing, so the date should be checked against it.

Source: ARES MANAGEMENT CORP., Form 8-K, filed with the SEC on 2025-06-11 — read the filing on EDGAR.

How asset managers voted at the ARES MANAGEMENT CORP. 2024-2025 meeting

Each item below shows how the 634 asset managers that disclosed a ARES MANAGEMENT CORP. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of ARES MANAGEMENT CORP.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Approval, on a non-binding, advisory basis, of the compensation paid to our named executive officers for our 2024 fiscal year.

SECTION 14A SAY-ON-PAY VOTES

Combines 9 wordings of this item as funds reported it.

56% fund support · no official result

FOR 56%AGAINST 43%

The 584 asset managers below cast 56% of the shares they voted on this item FOR (113,770,090 for, 87,625,771 against).

FOR: 113,770,090 (56.5%)AGAINST: 87,625,771 (43.5%)ABSTAIN: 42,159 (0.0%)NOT VOTED: 17,150 (0.0%)

Largest asset managers voting on “Approval, on a non-binding, advisory basis, of the compensation paid to our named executive officers for our 2” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
Capital Group	31,210,923	0	For
Vanguard	25,736,517	17,929	For
Fidelity	563,716	15,373,955	Against
SUMITOMO MITSUI BANKING CORP	13,364,740	0	For
Wellington	12,117,648	0	For
BlackRock	45,705	10,537,610	Against
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	5,597,589	8,962	For
JPMorgan	4,347,995	0	For
FRANKLIN ADVISERS INC	0	3,955,261	Against
MFS	3,840,038	0	For
BROWN ADVISORY INC	891	3,512,033	Against
State Street	816	3,296,643	Against
GEODE CAPITAL MANAGEMENT, LLC	0	3,225,578	Against
PRINCIPAL GLOBAL INVESTORS	0	3,131,872	Against
Invesco	0	3,114,199	Against
Principal	0	2,589,608	Against
Nuveen	2,449,789	0	For
American Century	0	2,393,187	Against
T. Rowe Price	0	1,943,385	Against
CANADA PENSION PLAN INVESTMENT BOARD	1,736,763	0	For
FRANKLIN MANAGED TRUST	0	1,575,000	Against
AGF MANAGEMENT LTD	0	1,528,148	Against
Charles Schwab	767	1,444,088	Against
Hartford	1,422,734	0	For
Clearbridge Investments, LLC	0	1,365,317	Against

Showing the 25 largest of 584 asset managers. See all 584 in the interactive database.

2. To recommend, on a non-binding, advisory basis, the frequency of future advisory votes to approve, on a non-binding, advisory basis, the compensation paid to our named executive officers.

SECTION 14A SAY-ON-PAY VOTES

Combines 8 wordings of this item as funds reported it.

54.9% fund support · no official result

ONE YEAR 68%1 YEAR 22%9%

The 575 asset managers below cast 54.9% of the shares they voted on this item FOR (102,177 for, 83,811 against).

FOR: 102,177 (0.1%)AGAINST: 83,811 (0.0%)ABSTAIN: 36,076 (0.0%)ONE YEAR: 127,534,964 (67.9%)1 YEAR: 42,146,427 (22.4%)1YR: 16,135,716 (8.6%)3 YEARS: 1,056,090 (0.6%)THREE YEARS: 419,952 (0.2%)3 YEAR: 228,979 (0.1%)1-YEAR: 69,779 (0.0%)3: 20,882 (0.0%)NOT VOTED: 17,150 (0.0%)1: 1,400 (0.0%)2 YEARS: 400 (0.0%)TWO YEARS: 30 (0.0%)1.0: 2 (0.0%)3.0: 0 (0.0%)2 YEAR: 0 (0.0%)2.0: 0 (0.0%)

Largest asset managers voting on “To recommend, on a non-binding, advisory basis, the frequency of future advisory votes to approve, on a non-bi” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Capital Group	0	0	0	0	1Yr
Vanguard	0	0	0	0	One Year
Fidelity	0	0	0	0	One Year
Wellington	0	0	0	0	1 Year
BlackRock	0	0	0	0	1 Year
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	0	0	0	0	One Year
JPMorgan	0	0	0	0	1 Year
FRANKLIN ADVISERS INC	0	0	0	0	One Year
MFS	0	0	0	0	One Year
BROWN ADVISORY INC	0	0	0	0	One Year
State Street	0	0	0	0	One Year
GEODE CAPITAL MANAGEMENT, LLC	0	0	0	0	One Year
PRINCIPAL GLOBAL INVESTORS	0	0	0	0	One Year
Invesco	0	0	0	0	One Year
Principal	0	0	0	0	One Year
Nuveen	0	0	0	0	One Year
American Century	0	0	0	0	One Year
T. Rowe Price	0	0	0	0	One Year
CANADA PENSION PLAN INVESTMENT BOARD	0	0	0	0	One Year
FRANKLIN MANAGED TRUST	0	0	0	0	One Year
AGF MANAGEMENT LTD	0	0	0	0	One Year
Charles Schwab	0	0	0	0	1 Year
Hartford	0	0	0	0	1 Year
Clearbridge Investments, LLC	0	0	0	0	One Year
Brown Advisory Funds	0	0	0	0	1 Year

Showing the 25 largest of 575 asset managers. See all 575 in the interactive database.

3. Election of Directors: Antoinette Bush

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 980,433,122AGAINST: 51,104,813

ARES MANAGEMENT CORP.’s own tally for this item (“Elect Director: Antoinette Bush”): 980,433,122 for, 51,104,813 against, per its Form 8-K filed 2025-06-11 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 126 asset managers below cast 76% of the shares they voted on this item FOR (65,812,086 for, 20,597,790 against).

FOR 76%AGAINST 24%

FOR: 65,812,086 (76.2%)AGAINST: 20,597,790 (23.8%)ABSTAIN: 380 (0.0%)NOT VOTED: 69 (0.0%)

Largest asset managers voting on “Election of Directors: Antoinette Bush” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
Vanguard	24,895,544	3,322	For
Capital Group	15,074,977	0	For
Fidelity	2,942,573	6,183,298	Against
BlackRock	5,297,940	0	For
JPMorgan	4,281,815	0	For
MFS	0	3,840,038	Against
Principal	0	2,589,608	Against
FRANKLIN MANAGED TRUST	1,575,000	0	For
Hartford	1,422,734	0	For
Invesco	1,396,217	0	For
Brown Advisory Funds	0	1,346,974	Against
FRANKLIN STRATEGIC SERIES	1,109,309	0	For
TIAA	1,088,133	0	For
CARILLON SERIES TRUST	0	987,488	Against
American Century	0	927,971	Against
JANUS INVESTMENT FUND	781,746	12,998	For
Columbia Threadneedle	720,156	0	For
Charles Schwab	383	706,503	Against
NEW ECONOMY FUND	645,578	0	For
Lord Abbett	0	642,634	Against
Jackson National	548,387	80,143	For
Legg Mason	613,400	0	For
T. Rowe Price	0	511,585	Against
Nuveen	511,355	0	For
Federated Hermes	475,000	0	For

Showing the 25 largest of 126 asset managers. See all 126 in the interactive database.

4. Election of Directors: Antony P. Ressler

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%

FOR: 964,367,374AGAINST: 67,170,998

ARES MANAGEMENT CORP.’s own tally for this item (“Elect Director: Antony P. Ressler”): 964,367,374 for, 67,170,998 against, per its Form 8-K filed 2025-06-11 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 126 asset managers below cast 70% of the shares they voted on this item FOR (60,406,835 for, 26,003,040 against).

FOR 70%AGAINST 30%

FOR: 60,406,835 (69.9%)AGAINST: 26,003,040 (30.1%)ABSTAIN: 380 (0.0%)NOT VOTED: 69 (0.0%)

Largest asset managers voting on “Election of Directors: Antony P. Ressler” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
Vanguard	24,891,551	7,315	For
Capital Group	15,074,977	0	For
Fidelity	139,321	8,986,550	Against
BlackRock	5,297,940	0	For
JPMorgan	4,281,815	0	For
MFS	3,840,038	0	For
Principal	0	2,589,608	Against
FRANKLIN MANAGED TRUST	0	1,575,000	Against
Hartford	1,422,734	0	For
Invesco	0	1,396,217	Against
Brown Advisory Funds	0	1,346,974	Against
FRANKLIN STRATEGIC SERIES	0	1,109,309	Against
TIAA	0	1,088,133	Against
CARILLON SERIES TRUST	0	987,488	Against
American Century	0	927,971	Against
JANUS INVESTMENT FUND	781,746	12,998	For
Columbia Threadneedle	0	720,156	Against
Charles Schwab	706,887	0	For
NEW ECONOMY FUND	645,578	0	For
Lord Abbett	0	642,634	Against
Jackson National	548,387	80,143	For
Legg Mason	613,400	0	For
T. Rowe Price	0	511,585	Against
Nuveen	0	511,355	Against
Federated Hermes	475,000	0	For

Showing the 25 largest of 126 asset managers. See all 126 in the interactive database.

5. Election of Directors: Ashish Bhutani

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%

FOR: 1,022,385,731AGAINST: 9,152,285

ARES MANAGEMENT CORP.’s own tally for this item (“Elect Director: Ashish Bhutani”): 1,022,385,731 for, 9,152,285 against, per its Form 8-K filed 2025-06-11 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 126 asset managers below cast 92% of the shares they voted on this item FOR (79,127,116 for, 7,282,760 against).

FOR 92%8%

FOR: 79,127,116 (91.6%)AGAINST: 7,282,760 (8.4%)ABSTAIN: 380 (0.0%)NOT VOTED: 69 (0.0%)

Largest asset managers voting on “Election of Directors: Ashish Bhutani” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
Vanguard	24,898,857	9	For
Capital Group	15,074,977	0	For
Fidelity	3,046,213	6,079,658	Against
BlackRock	5,297,940	0	For
JPMorgan	4,281,815	0	For
MFS	3,840,038	0	For
Principal	2,589,608	0	For
FRANKLIN MANAGED TRUST	1,575,000	0	For
Hartford	1,422,734	0	For
Invesco	1,396,217	0	For
Brown Advisory Funds	1,346,974	0	For
FRANKLIN STRATEGIC SERIES	1,109,309	0	For
TIAA	1,088,133	0	For
CARILLON SERIES TRUST	987,488	0	For
American Century	927,971	0	For
JANUS INVESTMENT FUND	794,744	0	For
Columbia Threadneedle	720,156	0	For
Charles Schwab	383	706,503	Against
NEW ECONOMY FUND	645,578	0	For
Lord Abbett	642,634	0	For
Jackson National	548,851	79,679	For
Legg Mason	613,400	0	For
T. Rowe Price	511,585	0	For
Nuveen	511,355	0	For
Federated Hermes	475,000	0	For

Showing the 25 largest of 126 asset managers. See all 126 in the interactive database.

6. Election of Directors: Bennett Rosenthal

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 992,471,328AGAINST: 39,064,692

ARES MANAGEMENT CORP.’s own tally for this item (“Elect Director: Bennett Rosenthal”): 992,471,328 for, 39,064,692 against, per its Form 8-K filed 2025-06-11 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 126 asset managers below cast 87% of the shares they voted on this item FOR (75,473,242 for, 10,936,634 against).

FOR 87%13%

FOR: 75,473,242 (87.3%)AGAINST: 10,936,634 (12.7%)ABSTAIN: 380 (0.0%)NOT VOTED: 69 (0.0%)

Largest asset managers voting on “Election of Directors: Bennett Rosenthal” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
Vanguard	24,898,833	33	For
Capital Group	15,074,977	0	For
Fidelity	9,125,871	0	For
BlackRock	5,297,940	0	For
JPMorgan	4,281,815	0	For
MFS	3,840,038	0	For
Principal	0	2,589,608	Against
FRANKLIN MANAGED TRUST	1,575,000	0	For
Hartford	1,422,734	0	For
Invesco	1,396,217	0	For
Brown Advisory Funds	0	1,346,974	Against
FRANKLIN STRATEGIC SERIES	1,109,309	0	For
TIAA	0	1,088,133	Against
CARILLON SERIES TRUST	0	987,488	Against
American Century	0	927,971	Against
JANUS INVESTMENT FUND	781,746	12,998	For
Columbia Threadneedle	0	720,156	Against
Charles Schwab	706,887	0	For
NEW ECONOMY FUND	645,578	0	For
Lord Abbett	0	642,634	Against
Jackson National	548,851	79,679	For
Legg Mason	613,400	0	For
T. Rowe Price	511,585	0	For
Nuveen	0	511,355	Against
Federated Hermes	475,000	0	For

Showing the 25 largest of 126 asset managers. See all 126 in the interactive database.

7. Election of Directors: David B. Kaplan

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 991,636,045AGAINST: 39,900,998

ARES MANAGEMENT CORP.’s own tally for this item (“Elect Director: David B. Kaplan”): 991,636,045 for, 39,900,998 against, per its Form 8-K filed 2025-06-11 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 126 asset managers below cast 87% of the shares they voted on this item FOR (75,467,404 for, 10,942,472 against).

FOR 87%13%

FOR: 75,467,404 (87.3%)AGAINST: 10,942,472 (12.7%)ABSTAIN: 380 (0.0%)NOT VOTED: 69 (0.0%)

Largest asset managers voting on “Election of Directors: David B. Kaplan” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
Vanguard	24,898,833	33	For
Capital Group	15,074,977	0	For
Fidelity	9,125,871	0	For
BlackRock	5,297,940	0	For
JPMorgan	4,281,815	0	For
MFS	3,840,038	0	For
Principal	0	2,589,608	Against
FRANKLIN MANAGED TRUST	1,575,000	0	For
Hartford	1,422,734	0	For
Invesco	1,396,217	0	For
Brown Advisory Funds	0	1,346,974	Against
FRANKLIN STRATEGIC SERIES	1,109,309	0	For
TIAA	0	1,088,133	Against
CARILLON SERIES TRUST	0	987,488	Against
American Century	0	927,971	Against
JANUS INVESTMENT FUND	781,746	12,998	For
Columbia Threadneedle	0	720,156	Against
Charles Schwab	706,887	0	For
NEW ECONOMY FUND	645,578	0	For
Lord Abbett	0	642,634	Against
Jackson National	548,851	79,679	For
Legg Mason	613,400	0	For
T. Rowe Price	511,585	0	For
Nuveen	0	511,355	Against
Federated Hermes	475,000	0	For

Showing the 25 largest of 126 asset managers. See all 126 in the interactive database.

8. Election of Directors: Dr. Judy D. Olian

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 975,165,709AGAINST: 56,372,642

ARES MANAGEMENT CORP.’s own tally for this item (“Elect Director: Dr. Judy D. Olian”): 975,165,709 for, 56,372,642 against, per its Form 8-K filed 2025-06-11 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 126 asset managers below cast 76% of the shares they voted on this item FOR (65,691,626 for, 20,718,250 against).

FOR 76%AGAINST 24%

FOR: 65,691,626 (76.0%)AGAINST: 20,718,250 (24.0%)ABSTAIN: 380 (0.0%)NOT VOTED: 69 (0.0%)

Largest asset managers voting on “Election of Directors: Dr. Judy D. Olian” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
Vanguard	24,895,543	3,323	For
Capital Group	15,074,977	0	For
Fidelity	2,942,573	6,183,298	Against
BlackRock	5,297,940	0	For
JPMorgan	4,281,815	0	For
MFS	0	3,840,038	Against
Principal	0	2,589,608	Against
FRANKLIN MANAGED TRUST	1,575,000	0	For
Hartford	1,422,734	0	For
Invesco	1,396,217	0	For
Brown Advisory Funds	0	1,346,974	Against
FRANKLIN STRATEGIC SERIES	1,109,309	0	For
TIAA	1,088,133	0	For
CARILLON SERIES TRUST	0	987,488	Against
American Century	0	927,971	Against
JANUS INVESTMENT FUND	781,746	12,998	For
Columbia Threadneedle	720,156	0	For
Charles Schwab	383	706,503	Against
NEW ECONOMY FUND	645,578	0	For
Lord Abbett	0	642,634	Against
Jackson National	548,387	80,143	For
Legg Mason	613,400	0	For
T. Rowe Price	0	511,585	Against
Nuveen	511,355	0	For
Federated Hermes	475,000	0	For

Showing the 25 largest of 126 asset managers. See all 126 in the interactive database.

9. Election of Directors: Eileen Naughton

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%

FOR: 1,022,387,827AGAINST: 9,150,004

ARES MANAGEMENT CORP.’s own tally for this item (“Elect Director: Eileen Naughton”): 1,022,387,827 for, 9,150,004 against, per its Form 8-K filed 2025-06-11 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 126 asset managers below cast 92% of the shares they voted on this item FOR (79,126,481 for, 7,283,395 against).

FOR 92%8%

FOR: 79,126,481 (91.6%)AGAINST: 7,283,395 (8.4%)ABSTAIN: 380 (0.0%)NOT VOTED: 69 (0.0%)

Largest asset managers voting on “Election of Directors: Eileen Naughton” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
Vanguard	24,898,857	9	For
Capital Group	15,074,977	0	For
Fidelity	3,046,213	6,079,658	Against
BlackRock	5,297,940	0	For
JPMorgan	4,281,815	0	For
MFS	3,840,038	0	For
Principal	2,589,608	0	For
FRANKLIN MANAGED TRUST	1,575,000	0	For
Hartford	1,422,734	0	For
Invesco	1,396,217	0	For
Brown Advisory Funds	1,346,974	0	For
FRANKLIN STRATEGIC SERIES	1,109,309	0	For
TIAA	1,088,133	0	For
CARILLON SERIES TRUST	987,488	0	For
American Century	927,971	0	For
JANUS INVESTMENT FUND	794,744	0	For
Columbia Threadneedle	720,156	0	For
Charles Schwab	383	706,503	Against
NEW ECONOMY FUND	645,578	0	For
Lord Abbett	642,634	0	For
Jackson National	548,851	79,679	For
Legg Mason	613,400	0	For
T. Rowe Price	511,585	0	For
Nuveen	511,355	0	For
Federated Hermes	475,000	0	For

Showing the 25 largest of 126 asset managers. See all 126 in the interactive database.

10. Election of Directors: Michael J Arougheti

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 980,343,717AGAINST: 51,196,913

ARES MANAGEMENT CORP.’s own tally for this item (“Elect Director: Michael J Arougheti”): 980,343,717 for, 51,196,913 against, per its Form 8-K filed 2025-06-11 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 126 asset managers below cast 78% of the shares they voted on this item FOR (67,747,833 for, 18,662,043 against).

FOR 78%AGAINST 22%

FOR: 67,747,833 (78.4%)AGAINST: 18,662,043 (21.6%)ABSTAIN: 380 (0.0%)NOT VOTED: 69 (0.0%)

Largest asset managers voting on “Election of Directors: Michael J Arougheti” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
Vanguard	24,891,565	7,301	For
Capital Group	15,074,977	0	For
Fidelity	2,942,573	6,183,298	Against
BlackRock	5,297,940	0	For
JPMorgan	4,281,815	0	For
MFS	3,840,038	0	For
Principal	0	2,589,608	Against
FRANKLIN MANAGED TRUST	1,575,000	0	For
Hartford	1,422,734	0	For
Invesco	1,145,333	250,884	For
Brown Advisory Funds	0	1,346,974	Against
FRANKLIN STRATEGIC SERIES	1,109,309	0	For
TIAA	0	1,088,133	Against
CARILLON SERIES TRUST	0	987,488	Against
American Century	0	927,971	Against
JANUS INVESTMENT FUND	781,746	12,998	For
Columbia Threadneedle	0	720,156	Against
Charles Schwab	706,887	0	For
NEW ECONOMY FUND	645,578	0	For
Lord Abbett	0	642,634	Against
Jackson National	548,387	80,143	For
Legg Mason	613,400	0	For
T. Rowe Price	0	511,585	Against
Nuveen	0	511,355	Against
Federated Hermes	475,000	0	For

Showing the 25 largest of 126 asset managers. See all 126 in the interactive database.

11. Election of Directors: Michael Lynton

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 1,002,157,265AGAINST: 29,380,884

ARES MANAGEMENT CORP.’s own tally for this item (“Elect Director: Michael Lynton”): 1,002,157,265 for, 29,380,884 against, per its Form 8-K filed 2025-06-11 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 126 asset managers below cast 87% of the shares they voted on this item FOR (74,905,960 for, 11,503,916 against).

FOR 87%13%

FOR: 74,905,960 (86.7%)AGAINST: 11,503,916 (13.3%)ABSTAIN: 380 (0.0%)NOT VOTED: 69 (0.0%)

Largest asset managers voting on “Election of Directors: Michael Lynton” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
Vanguard	24,898,848	18	For
Capital Group	15,074,977	0	For
Fidelity	2,995,003	6,130,868	Against
BlackRock	1,685,187	3,612,753	Against
JPMorgan	4,281,815	0	For
MFS	3,840,038	0	For
Principal	2,589,608	0	For
FRANKLIN MANAGED TRUST	1,575,000	0	For
Hartford	1,422,734	0	For
Invesco	1,396,217	0	For
Brown Advisory Funds	1,346,974	0	For
FRANKLIN STRATEGIC SERIES	1,109,309	0	For
TIAA	1,088,133	0	For
CARILLON SERIES TRUST	987,488	0	For
American Century	927,971	0	For
JANUS INVESTMENT FUND	794,744	0	For
Columbia Threadneedle	720,156	0	For
Charles Schwab	383	706,503	Against
NEW ECONOMY FUND	645,578	0	For
Lord Abbett	642,634	0	For
Jackson National	548,851	79,679	For
Legg Mason	613,400	0	For
T. Rowe Price	511,585	0	For
Nuveen	511,355	0	For
Federated Hermes	475,000	0	For

Showing the 25 largest of 126 asset managers. See all 126 in the interactive database.

12. Election of Directors: Paul G. Joubert

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 1,018,142,509AGAINST: 13,395,830

ARES MANAGEMENT CORP.’s own tally for this item (“Elect Director: Paul G. Joubert”): 1,018,142,509 for, 13,395,830 against, per its Form 8-K filed 2025-06-11 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 126 asset managers below cast 91% of the shares they voted on this item FOR (78,982,294 for, 7,427,582 against).

FOR 91%9%

FOR: 78,982,294 (91.4%)AGAINST: 7,427,582 (8.6%)ABSTAIN: 380 (0.0%)NOT VOTED: 69 (0.0%)

Largest asset managers voting on “Election of Directors: Paul G. Joubert” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
Vanguard	24,898,856	10	For
Capital Group	15,074,977	0	For
Fidelity	3,046,213	6,079,658	Against
BlackRock	5,297,940	0	For
JPMorgan	4,281,815	0	For
MFS	3,840,038	0	For
Principal	2,589,608	0	For
FRANKLIN MANAGED TRUST	1,575,000	0	For
Hartford	1,422,734	0	For
Invesco	1,396,217	0	For
Brown Advisory Funds	1,346,974	0	For
FRANKLIN STRATEGIC SERIES	1,109,309	0	For
TIAA	1,088,133	0	For
CARILLON SERIES TRUST	987,488	0	For
American Century	927,971	0	For
JANUS INVESTMENT FUND	794,744	0	For
Columbia Threadneedle	720,156	0	For
Charles Schwab	383	706,503	Against
NEW ECONOMY FUND	645,578	0	For
Lord Abbett	642,634	0	For
Jackson National	548,851	79,679	For
Legg Mason	613,400	0	For
T. Rowe Price	511,585	0	For
Nuveen	511,355	0	For
Federated Hermes	475,000	0	For

Showing the 25 largest of 126 asset managers. See all 126 in the interactive database.

13. Election of Directors: R. Kipp deVeer

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 992,478,263AGAINST: 39,060,364

ARES MANAGEMENT CORP.’s own tally for this item (“Elect Director: R. Kipp deVeer”): 992,478,263 for, 39,060,364 against, per its Form 8-K filed 2025-06-11 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Share-of-outstanding not shown: votes cast exceed the reported share count, which usually means multiple share classes with different voting rights.

The 126 asset managers below cast 87% of the shares they voted on this item FOR (75,469,512 for, 10,940,364 against).

FOR 87%13%

FOR: 75,469,512 (87.3%)AGAINST: 10,940,364 (12.7%)ABSTAIN: 380 (0.0%)NOT VOTED: 69 (0.0%)

Largest asset managers voting on “Election of Directors: R. Kipp deVeer” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
Vanguard	24,898,833	33	For
Capital Group	15,074,977	0	For
Fidelity	9,125,871	0	For
BlackRock	5,297,940	0	For
JPMorgan	4,281,815	0	For
MFS	3,840,038	0	For
Principal	0	2,589,608	Against
FRANKLIN MANAGED TRUST	1,575,000	0	For
Hartford	1,422,734	0	For
Invesco	1,396,217	0	For
Brown Advisory Funds	0	1,346,974	Against
FRANKLIN STRATEGIC SERIES	1,109,309	0	For
TIAA	0	1,088,133	Against
CARILLON SERIES TRUST	0	987,488	Against
American Century	0	927,971	Against
JANUS INVESTMENT FUND	781,746	12,998	For
Columbia Threadneedle	0	720,156	Against
Charles Schwab	706,887	0	For
NEW ECONOMY FUND	645,578	0	For
Lord Abbett	0	642,634	Against
Jackson National	548,851	79,679	For
Legg Mason	613,400	0	For
T. Rowe Price	511,585	0	For
Nuveen	0	511,355	Against
Federated Hermes	475,000	0	For

Showing the 25 largest of 126 asset managers. See all 126 in the interactive database.

14. The ratification of the selection of Ernst & Young LLP as our independent registered public accounting firm for our 2025 fiscal year.

AUDIT-RELATED

Combines 3 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.9%

The 122 asset managers below cast 99.9% of the shares they voted on this item FOR (86,330,187 for, 2,107 against).

FOR: 86,330,187 (100.0%)AGAINST: 2,107 (0.0%)ABSTAIN: 380 (0.0%)NOT VOTED: 69 (0.0%)

Largest asset managers voting on “The ratification of the selection of Ernst & Young LLP as our independent registered public accounting firm fo” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
Vanguard	24,898,865	1	For
Capital Group	15,074,977	0	For
Fidelity	9,125,871	0	For
BlackRock	5,297,940	0	For
JPMorgan	4,281,815	0	For
MFS	3,840,038	0	For
Principal	2,589,608	0	For
FRANKLIN MANAGED TRUST	1,575,000	0	For
Hartford	1,422,734	0	For
Invesco	1,396,217	0	For
Brown Advisory Funds	1,346,974	0	For
FRANKLIN STRATEGIC SERIES	1,109,309	0	For
TIAA	1,088,133	0	For
CARILLON SERIES TRUST	987,488	0	For
American Century	927,971	0	For
JANUS INVESTMENT FUND	794,744	0	For
Columbia Threadneedle	720,156	0	For
Charles Schwab	706,887	0	For
NEW ECONOMY FUND	645,578	0	For
Lord Abbett	642,634	0	For
Jackson National	628,530	0	For
Legg Mason	613,400	0	For
T. Rowe Price	511,585	0	For
Nuveen	511,355	0	For
Federated Hermes	475,000	0	For

Showing the 25 largest of 122 asset managers. See all 122 in the interactive database.

15. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

Combines 2 wordings of this item as funds reported it.

72% fund support · no official result

FOR 72%AGAINST 28%

The 25 asset managers below cast 72% of the shares they voted on this item FOR (6,540,553 for, 2,515,025 against).

FOR: 6,540,553 (72.2%)AGAINST: 2,515,025 (27.8%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
JPMorgan	6,507,523	0	For
TD ASSET MANAGEMENT INC	0	1,679,304	Against
APG Asset Management US Inc.	0	396,652	Against
Desjardins Global Asset Management Inc.	0	86,301	Against
TD Waterhouse Canada Inc.	0	77,650	Against
Cardano Risk Management B.V.	0	72,436	Against
STOREBRAND ASSET MANAGEMENT AS	0	70,519	Against
EFG Asset Management (North America) Corp.	0	32,616	Against
Union Investment Privatfonds GmbH	0	30,353	Against
Regime de rentes du Mouvement Desjardins	0	26,175	Against
Triasima Portfolio Management inc.	0	17,405	Against
NORDEA INVESTMENT MANAGEMENT AB	0	15,248	Against
DSM CAPITAL PARTNERS LLC	13,740	0	For
Coyle Financial Counsel LLC	12,716	0	For
BEACON INVESTMENT ADVISORY SERVICES, INC.	0	4,375	Against
Metzler Asset Management GmbH	3,865	0	For
ADAGE CAPITAL PARTNERS GP, L.L.C.	2,709	0	For
HC CAPITAL TRUST	0	2,656	Against
GuideStone	0	1,984	Against
OSSIAM	0	827	Against
Northern Lights Fund Trust IV	0	377	Against
PACE SELECT ADVISORS TRUST	0	129	Against
Wilshire Advisors LLC	0	13	Against
Colony Family Offices, LLC	0	5	Against
Dixon Mitchell Investment Counsel Inc.	0	0	--

16. Advisory Vote on Say on Pay Frequency

SECTION 14A SAY-ON-PAY VOTES

Combines 2 wordings of this item as funds reported it.

0% fund support · no official result

AGAINST 19%ONE YEAR 81%

The 17 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 1,694,552 against).

AGAINST: 1,694,552 (19.0%)ONE YEAR: 7,184,154 (80.6%)1-YEAR: 16,449 (0.2%)3 YEARS: 12,716 (0.1%)1 YEAR: 5 (0.0%)

Largest asset managers voting on “Advisory Vote on Say on Pay Frequency” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	Against	Vote
JPMorgan	0	One Year
TD ASSET MANAGEMENT INC	1,679,304	Against
APG Asset Management US Inc.	0	One Year
Desjardins Global Asset Management Inc.	0	One Year
TD Waterhouse Canada Inc.	0	One Year
STOREBRAND ASSET MANAGEMENT AS	0	One Year
EFG Asset Management (North America) Corp.	0	One Year
NORDEA INVESTMENT MANAGEMENT AB	15,248	Against
DSM CAPITAL PARTNERS LLC	0	1-Year
Coyle Financial Counsel LLC	0	3 Years
BEACON INVESTMENT ADVISORY SERVICES, INC.	0	One Year
Metzler Asset Management GmbH	0	One Year
ADAGE CAPITAL PARTNERS GP, L.L.C.	0	1-Year
HC CAPITAL TRUST	0	One Year
GuideStone	0	One Year
Wilshire Advisors LLC	0	One Year
Colony Family Offices, LLC	0	1 Year

17. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

0.1% fund support · no official result

AGAINST 98%

The 9 asset managers below cast 0.1% of the shares they voted on this item FOR (355 for, 421,870 against).

FOR: 355 (0.1%)AGAINST: 421,870 (98.1%)NOT VOTED: 7,890 (1.8%)

Largest asset managers voting on “14A Executive Compensation” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Vote
ADVISORS' INNER CIRCLE FUND	0	393,875	Against
WILLIAMSBURG INVESTMENT TRUST	0	12,700	Against
Interval Partners, LP	0	10,761	Against
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	Not Voted
EAGLE GLOBAL ADVISORS LLC	0	4,500	Against
Focus Partners Wealth	329	24	For
Ballew Advisors, Inc	17	0	For
Baker Avenue Asset Management, LP	0	10	Against
Inlet Private Wealth, LLC	9	0	For

18. 14A Executive Compensation Vote Frequency

SECTION 14A SAY-ON-PAY VOTES

— fund support · no official result

1 93%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

1: 393,875 (92.7%)3: 15,390 (3.6%)1-YEAR: 10,761 (2.5%)1 YEAR: 4,853 (1.1%)3 YEARS: 9 (0.0%)

Largest asset managers voting on “14A Executive Compensation Vote Frequency” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
ADVISORS' INNER CIRCLE FUND	0	0	0	0	1
Interval Partners, LP	0	0	0	0	1-Year
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	0	0	3
WILLIAMSBURG INVESTMENT TRUST	0	0	0	0	3
EAGLE GLOBAL ADVISORS LLC	0	0	0	0	1 Year
Focus Partners Wealth	0	0	0	0	1 Year
Inlet Private Wealth, LLC	0	0	0	0	3 Years
Baker Avenue Asset Management, LP	0	0	0	0	--

19. Ratify Appointment of Independent Auditors

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 5 asset managers below cast 100% of the shares they voted on this item FOR (479,517 for, 0 against).

FOR: 479,517 (100.0%)

Largest asset managers voting on “Ratify Appointment of Independent Auditors” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Vote
ADVISORS' INNER CIRCLE FUND	393,875	For
Cardano Risk Management B.V.	72,436	For
WILLIAMSBURG INVESTMENT TRUST	12,700	For
Northern Lights Fund Trust IV	377	For
PACE SELECT ADVISORS TRUST	129	For

20. Frequency of Advisory Vote on Executive Compensation

COMPENSATION

— fund support · no official result

1 YEAR 90%10%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

1 YEAR: 1,204 (90.3%)ONE YEAR: 129 (9.7%)

Largest asset managers voting on “Frequency of Advisory Vote on Executive Compensation” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
OSSIAM	0	0	0	0	1 Year
Northern Lights Fund Trust IV	0	0	0	0	1 Year
PACE SELECT ADVISORS TRUST	0	0	0	0	One Year

21. To Hold A Non-Binding, Advisory Vote On The Frequency Of Future Advisory Votes On The Compensation Paid To Our Named Executive Officers (Commonly Known As A Say-On-Frequency Proposal) :Please Vote On This Resolution To Approve 2 Years

SECTION 14A SAY-ON-PAY VOTES

0% fund support · no official result

AGAINST 99%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 30,353 against).

AGAINST: 30,353 (98.7%)ABSTAIN: 388 (1.3%)

Largest asset managers voting on “To Hold A Non-Binding, Advisory Vote On The Frequency Of Future Advisory Votes On The Compensation Paid To Our” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Union Investment Privatfonds GmbH	0	30,353	0	0	Against
Universal-Investment-Gesellschaft mbH	0	0	388	0	Abstain

22. To Hold A Non-Binding, Advisory Vote On The Frequency Of Future Advisory Votes On The Compensation Paid To Our Named Executive Officers (Commonly Known As A Say-On-Frequency Proposal) :Please Vote On This Resolution To Approve 3 Years

SECTION 14A SAY-ON-PAY VOTES

0% fund support · no official result

AGAINST 99%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 30,353 against).

AGAINST: 30,353 (98.7%)ABSTAIN: 388 (1.3%)

Largest asset managers voting on “To Hold A Non-Binding, Advisory Vote On The Frequency Of Future Advisory Votes On The Compensation Paid To Our” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Union Investment Privatfonds GmbH	0	30,353	0	0	Against
Universal-Investment-Gesellschaft mbH	0	0	388	0	Abstain

23. To Hold A Non-Binding, Advisory Vote On The Frequency Of Future Advisory Votes On The Compensation Paid To Our Named Executive Officers (Commonly Known As A Say-On-Frequency Proposal) :Please Vote On This Resolution To Approve For Abstain

SECTION 14A SAY-ON-PAY VOTES

0% fund support · no official result

AGAINST 99%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 30,353 against).

AGAINST: 30,353 (98.7%)ABSTAIN: 388 (1.3%)

Largest asset managers voting on “To Hold A Non-Binding, Advisory Vote On The Frequency Of Future Advisory Votes On The Compensation Paid To Our” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Union Investment Privatfonds GmbH	0	30,353	0	0	Against
Universal-Investment-Gesellschaft mbH	0	0	388	0	Abstain

24. To Hold A Non-Binding, Advisory Vote On The Frequency Of Future Advisory Votes On The Compensation Paid To Our Named Executive Officers (Commonly Known As A Say-On-Frequency Proposal) :Please Vote On This Resolution To Approve 1 Year

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (30,741 for, 0 against).

FOR: 30,741 (100.0%)

Largest asset managers voting on “To Hold A Non-Binding, Advisory Vote On The Frequency Of Future Advisory Votes On The Compensation Paid To Our” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Union Investment Privatfonds GmbH	30,353	0	0	0	For
Universal-Investment-Gesellschaft mbH	388	0	0	0	For

25. Compensation

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (112 for, 0 against).

FOR: 112 (100.0%)

Largest asset managers voting on “Compensation” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Members Trust Co	83	0	0	0	For
Blue Sky Capital Consultants Group, Inc.	29	0	0	0	For

26. Director Elections

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (100 for, 0 against).

FOR: 100 (100.0%)

Largest asset managers voting on “Director Elections” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Members Trust Co	83	0	0	0	For
Ballew Advisors, Inc	17	0	0	0	For

27. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR.

FOR: 100.0%

Largest asset managers voting on “Election of Directors (Majority Voting)” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
ADVISORS' INNER CIRCLE FUND	393,875	0	0	0	For
WILLIAMSBURG INVESTMENT TRUST	12,700	0	0	0	For

28. Ratify Ernst & Young LLP as Auditors

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (4,640 for, 0 against).

FOR: 4,640 (100.0%)

Largest asset managers voting on “Ratify Ernst & Young LLP as Auditors” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
HC CAPITAL TRUST	2,656	0	0	0	For
GuideStone	1,984	0	0	0	For

29. SECTION 14A SAY-ON-PAY VOTES

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 96%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (2,173 for, 0 against).

FOR: 2,173 (96.3%)OTHER. SEE OTHER INFORMATION COLUMN: 83 (3.7%)

Largest asset managers voting on “SECTION 14A SAY-ON-PAY VOTES” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Lido Advisors, LLC	2,173	0	0	0	For
Members Trust Co	0	0	0	0	Other. See Other Information Column

30. Say on Pay

SECTION 14A SAY-ON-PAY VOTES

32% fund support · no official result

FOR 32%AGAINST 68%

The 2 asset managers below cast 32% of the shares they voted on this item FOR (25 for, 52 against).

FOR: 25 (32.5%)AGAINST: 52 (67.5%)

Largest asset managers voting on “Say on Pay” at ARES MANAGEMENT CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Empower	0	52	0	0	Against
WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV	25	0	0	0	For

Largest ARES MANAGEMENT CORP. shareholders voting in 2024-2025

Ranked by the number of ARES MANAGEMENT CORP. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 313,170,171 shares outstanding at the time of that meeting.

Top ARES MANAGEMENT CORP. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Capital Group	9.97%
2	Vanguard	8.22%
3	Fidelity	5.09%
4	SUMITOMO MITSUI BANKING CORP	4.27%
5	Wellington	3.87%
6	BlackRock	3.38%
7	MASSACHUSETTS FINANCIAL SERVICES CO /MA/	1.79%
8	JPMorgan	1.39%
9	FRANKLIN ADVISERS INC	1.26%
10	MFS	1.23%

Reported ARES MANAGEMENT CORP. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

ARES MANAGEMENT CORP. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
Anthony P. Ressler	36.81%	DEF14A
Antony P. Ressler	35.66%	13G
Ares Partners Holdco LLC	34.92%	13G
Vanguard Group	6.13%	13F
Wellington Management	4.35%	13F
Sumitomo Mitsui Banking Corporation	4.27%	DEF14A
BlackRock	4.08%	13F
Capital World Investors	3.54%	DEF14A
JPMorgan Chase	2.65%	13F
FMR (Fidelity)	2.58%	13F

Percentages above are of 313,170,171 shares outstanding, as reported by ARES MANAGEMENT CORP. on its Form 10-K dated 2024-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from ARES MANAGEMENT CORP.’s 10-K dated 2024-12-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At ARES MANAGEMENT CORP.'s shareholder meeting held 2025-06-06, in the 2024-2025 proxy season, 634 asset managers reported how they voted in their SEC Form N-PX filings, covering 8,537 separate fund positions. Their filings are grouped here into 30 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. ARES MANAGEMENT CORP.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — Approval, on a non-binding, advisory basis, of the compensation paid to our named executive… — the reporting funds cast 56% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

ARES MANAGEMENT CORP. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.