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At DILLARD'S INC.'s shareholder meeting held May 17, 2025, in the 2024-2025 proxy season, 69 asset managers reported how they voted on 6 ballot items in their SEC Form N-PX filings, covering 1,477 separate fund positions. On the most widely held item on that ballot — ELECTION OF DIRECTORS. Class A Nominees: J.C. Watts, Jr. — FOR was 99.4% of the votes cast (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), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: DILLARD'S INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 20, 2025.
Download data (CSV): ballot items · votes by manager · column guide.
Compiled from SEC Form N-PX filings and DILLARD'S INC.’s Form 8-K, filed May 20, 2025 (Item 5.07 on EDGAR). Page generated November 8, 2026.
Meeting of May 17, 2025: 16 items on DILLARD'S INC.’s Form 8-K, filed May 20, 2025: 16 without a stated outcome.
None.
Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided
Explore DILLARD'S INC. in the interactive database Compare manager voting policies
These tallies are DILLARD'S INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 20, 2025 (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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: James I. Freeman | 9,233,147 | 315,658 | 13,537 | -- | 624,647 | 97% | Not verified | — |
| Elect Director: Rob C. Holmes | 9,524,269 | 22,523 | 15,550 | -- | 624,647 | 99.7% | Not verified | — |
| Elect Director: Reynie Rutledge | 9,499,082 | 47,857 | 15,403 | -- | 624,647 | 99.4% | Not verified | — |
| Elect Director: J.C. Watts, Jr. | 9,499,759 | 49,026 | 13,557 | -- | 624,647 | 99.4% | Not verified | — |
| Elect Director: Nick White | 9,471,063 | 74,584 | 16,695 | -- | 624,647 | 99.2% | Not verified | — |
| Elect Director: Robert C. Connor | 3,985,776 | -- | -- | -- | -- | — | Not verified | — |
| Elect Director: William E. (Chip) Connor, II | 3,985,776 | -- | -- | -- | -- | — | Not verified | — |
| Elect Director: Alex Dillard | 3,985,776 | -- | -- | -- | -- | — | Not verified | — |
| Elect Director: Mike Dillard | 3,985,776 | -- | -- | -- | -- | — | Not verified | — |
| Elect Director: William Dillard, II | 3,985,776 | -- | -- | -- | -- | — | Not verified | — |
| Elect Director: William Dillard, III | 3,985,776 | -- | -- | -- | -- | — | Not verified | — |
| Elect Director: H. Lee Hastings, III | 3,985,776 | -- | -- | -- | -- | — | Not verified | — |
| Elect Director: Denise Mahaffy | 3,985,776 | -- | -- | -- | -- | — | Not verified | — |
| Elect Director: Drue Matheny | 3,985,776 | -- | -- | -- | -- | — | Not verified | — |
| Elect Director: Warren A. Stephens | 3,985,776 | -- | -- | -- | -- | — | Not verified | — |
| 2. Ratification of the selection of KPMG LLP as the Company's independent registered public accounting firm for 2025 | 14,149,024 | 7,143 | 16,598 | -- | -- | 99.9% | Not verified | — |
Source: DILLARD'S INC., Form 8-K, filed with the SEC on May 20, 2025 — read the filing on EDGAR.
Each item below shows how the 69 asset managers that disclosed a DILLARD'S INC. 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.
Combines 5 wordings of this item as funds reported it.
99.4% Majority: yes · of votes cast
Description as filed by funds: ELECTION OF DIRECTORS. Class A Nominees: J.C. Watts, Jr.
DILLARD'S INC.’s own tally for this item (“Elect Director: J.C. Watts, Jr.”): 9,499,759 for, 49,026 against, per its Form 8-K filed May 20, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 69 asset managers below reported 1,110,574 for, 9,252 against, 0 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Pacer Funds Trust | 344,502 | 0 | 0 | 0 | For |
| Vanguard | 188,779 | 0 | 0 | 0 | For |
| PIMCO | 116,810 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 60,945 | 0 | 0 | 0 | For |
| First Trust | 53,544 | 0 | 0 | 0 | For |
| WisdomTree | 53,371 | 0 | 0 | 0 | For |
| Charles Schwab | 47,924 | 0 | 0 | 0 | For |
| American Century | 34,317 | 0 | 0 | 0 | For |
| BlackRock | 33,714 | 0 | 0 | 0 | For |
| BBR ALO Fund, LLC | 25,181 | 0 | 0 | 0 | For |
| Dimensional | 21,992 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 20,300 | 0 | 0 | 0 | For |
| Cambria ETF Trust | 18,349 | 0 | 0 | 0 | For |
| AQR | 17,666 | 0 | 0 | 0 | For |
| Royce | 10,659 | 0 | 0 | 0 | For |
| Fidelity | 10,434 | 0 | 0 | 0 | For |
| Listed Funds Trust | 10,056 | 0 | 0 | 0 | For |
| EA Series Trust | 8,754 | 0 | 0 | 0 | For |
| ETF Series Solutions | 3,131 | 3,742 | 0 | 0 | Mixed |
| Invesco | 4,264 | 0 | 0 | 0 | For |
| State Street | 2,852 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 226 | 2,084 | 0 | 0 | Mixed |
| Jackson National | 2,299 | 0 | 0 | 0 | For |
| Lincoln Financial | 2,213 | 0 | 0 | 0 | For |
| Northern Trust | 2,084 | 0 | 0 | 0 | For |
Showing the 25 largest of 69 asset managers. All 69 are in the interactive database (link above).
Combines 5 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: ELECTION OF DIRECTORS. Class A Nominees: James I. Freeman
DILLARD'S INC.’s own tally for this item (“Elect Director: James I. Freeman”): 9,233,147 for, 315,658 against, per its Form 8-K filed May 20, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 69 asset managers below reported 963,953 for, 155,873 against, 0 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Pacer Funds Trust | 344,502 | 0 | 0 | 0 | For |
| Vanguard | 188,721 | 58 | 0 | 0 | For |
| PIMCO | 116,810 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 60,945 | 0 | 0 | 0 | For |
| First Trust | 53,544 | 0 | 0 | 0 | For |
| WisdomTree | 0 | 53,371 | 0 | 0 | Against |
| Charles Schwab | 0 | 47,924 | 0 | 0 | Against |
| American Century | 34,317 | 0 | 0 | 0 | For |
| BlackRock | 0 | 33,714 | 0 | 0 | Against |
| BBR ALO Fund, LLC | 25,181 | 0 | 0 | 0 | For |
| Dimensional | 21,992 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 20,300 | 0 | 0 | 0 | For |
| Cambria ETF Trust | 18,349 | 0 | 0 | 0 | For |
| AQR | 17,666 | 0 | 0 | 0 | For |
| Royce | 10,659 | 0 | 0 | 0 | For |
| Fidelity | 8,069 | 2,365 | 0 | 0 | Mixed |
| Listed Funds Trust | 10,056 | 0 | 0 | 0 | For |
| EA Series Trust | 8,754 | 0 | 0 | 0 | For |
| ETF Series Solutions | 3,131 | 3,742 | 0 | 0 | Mixed |
| Invesco | 4,264 | 0 | 0 | 0 | For |
| State Street | 3 | 2,849 | 0 | 0 | Against |
| Bridge Builder Trust | 0 | 2,310 | 0 | 0 | Against |
| Jackson National | 445 | 1,854 | 0 | 0 | Mixed |
| Lincoln Financial | 2,213 | 0 | 0 | 0 | For |
| Northern Trust | 2,084 | 0 | 0 | 0 | For |
Showing the 25 largest of 69 asset managers. All 69 are in the interactive database (link above).
Combines 5 wordings of this item as funds reported it.
99.2% Majority: yes · of votes cast
Description as filed by funds: ELECTION OF DIRECTORS. Class A Nominees: Nick White
DILLARD'S INC.’s own tally for this item (“Elect Director: Nick White”): 9,471,063 for, 74,584 against, per its Form 8-K filed May 20, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 69 asset managers below reported 1,107,484 for, 12,342 against, 0 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Pacer Funds Trust | 344,502 | 0 | 0 | 0 | For |
| Vanguard | 188,779 | 0 | 0 | 0 | For |
| PIMCO | 116,810 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 60,945 | 0 | 0 | 0 | For |
| First Trust | 53,544 | 0 | 0 | 0 | For |
| WisdomTree | 53,371 | 0 | 0 | 0 | For |
| Charles Schwab | 47,924 | 0 | 0 | 0 | For |
| American Century | 34,317 | 0 | 0 | 0 | For |
| BlackRock | 33,714 | 0 | 0 | 0 | For |
| BBR ALO Fund, LLC | 25,181 | 0 | 0 | 0 | For |
| Dimensional | 21,992 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 20,300 | 0 | 0 | 0 | For |
| Cambria ETF Trust | 18,349 | 0 | 0 | 0 | For |
| AQR | 17,666 | 0 | 0 | 0 | For |
| Royce | 10,659 | 0 | 0 | 0 | For |
| Fidelity | 10,434 | 0 | 0 | 0 | For |
| Listed Funds Trust | 10,056 | 0 | 0 | 0 | For |
| EA Series Trust | 8,754 | 0 | 0 | 0 | For |
| ETF Series Solutions | 3,131 | 3,742 | 0 | 0 | Mixed |
| Invesco | 4,264 | 0 | 0 | 0 | For |
| State Street | 3 | 2,849 | 0 | 0 | Against |
| Bridge Builder Trust | 226 | 2,084 | 0 | 0 | Mixed |
| Jackson National | 2,299 | 0 | 0 | 0 | For |
| Lincoln Financial | 2,213 | 0 | 0 | 0 | For |
| Northern Trust | 2,084 | 0 | 0 | 0 | For |
Showing the 25 largest of 69 asset managers. All 69 are in the interactive database (link above).
Combines 5 wordings of this item as funds reported it.
99.4% Majority: yes · of votes cast
Description as filed by funds: ELECTION OF DIRECTORS. Class A Nominees: Reynie Rutledge
DILLARD'S INC.’s own tally for this item (“Elect Director: Reynie Rutledge”): 9,499,082 for, 47,857 against, per its Form 8-K filed May 20, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 69 asset managers below reported 1,114,329 for, 5,497 against, 0 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Pacer Funds Trust | 344,502 | 0 | 0 | 0 | For |
| Vanguard | 188,779 | 0 | 0 | 0 | For |
| PIMCO | 116,810 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 60,945 | 0 | 0 | 0 | For |
| First Trust | 53,544 | 0 | 0 | 0 | For |
| WisdomTree | 53,371 | 0 | 0 | 0 | For |
| Charles Schwab | 47,924 | 0 | 0 | 0 | For |
| American Century | 34,317 | 0 | 0 | 0 | For |
| BlackRock | 33,714 | 0 | 0 | 0 | For |
| BBR ALO Fund, LLC | 25,181 | 0 | 0 | 0 | For |
| Dimensional | 21,992 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 20,300 | 0 | 0 | 0 | For |
| Cambria ETF Trust | 18,349 | 0 | 0 | 0 | For |
| AQR | 17,666 | 0 | 0 | 0 | For |
| Royce | 10,659 | 0 | 0 | 0 | For |
| Fidelity | 10,434 | 0 | 0 | 0 | For |
| Listed Funds Trust | 10,056 | 0 | 0 | 0 | For |
| EA Series Trust | 8,754 | 0 | 0 | 0 | For |
| ETF Series Solutions | 6,873 | 0 | 0 | 0 | For |
| Invesco | 4,264 | 0 | 0 | 0 | For |
| State Street | 2,852 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 226 | 2,084 | 0 | 0 | Mixed |
| Jackson National | 2,299 | 0 | 0 | 0 | For |
| Lincoln Financial | 2,213 | 0 | 0 | 0 | For |
| Northern Trust | 2,084 | 0 | 0 | 0 | For |
Showing the 25 largest of 69 asset managers. All 69 are in the interactive database (link above).
Combines 5 wordings of this item as funds reported it.
99.7% Majority: yes · of votes cast
Description as filed by funds: ELECTION OF DIRECTORS. Class A Nominees: Rob C. Holmes
DILLARD'S INC.’s own tally for this item (“Elect Director: Rob C. Holmes”): 9,524,269 for, 22,523 against, per its Form 8-K filed May 20, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.7% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 69 asset managers below reported 1,116,433 for, 3,393 against, 0 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Pacer Funds Trust | 344,502 | 0 | 0 | 0 | For |
| Vanguard | 188,779 | 0 | 0 | 0 | For |
| PIMCO | 116,810 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 60,945 | 0 | 0 | 0 | For |
| First Trust | 53,544 | 0 | 0 | 0 | For |
| WisdomTree | 53,371 | 0 | 0 | 0 | For |
| Charles Schwab | 47,924 | 0 | 0 | 0 | For |
| American Century | 34,317 | 0 | 0 | 0 | For |
| BlackRock | 33,714 | 0 | 0 | 0 | For |
| BBR ALO Fund, LLC | 25,181 | 0 | 0 | 0 | For |
| Dimensional | 21,992 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 20,300 | 0 | 0 | 0 | For |
| Cambria ETF Trust | 18,349 | 0 | 0 | 0 | For |
| AQR | 17,666 | 0 | 0 | 0 | For |
| Royce | 10,659 | 0 | 0 | 0 | For |
| Fidelity | 10,434 | 0 | 0 | 0 | For |
| Listed Funds Trust | 10,056 | 0 | 0 | 0 | For |
| EA Series Trust | 8,754 | 0 | 0 | 0 | For |
| ETF Series Solutions | 6,873 | 0 | 0 | 0 | For |
| Invesco | 4,264 | 0 | 0 | 0 | For |
| State Street | 2,852 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 2,310 | 0 | 0 | 0 | For |
| Jackson National | 2,299 | 0 | 0 | 0 | For |
| Lincoln Financial | 2,213 | 0 | 0 | 0 | For |
| Northern Trust | 2,084 | 0 | 0 | 0 | For |
Showing the 25 largest of 69 asset managers. All 69 are in the interactive database (link above).
Combines 3 wordings of this item as funds reported it.
99.9% Majority: yes · of votes cast
Description as filed by funds: PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY FOR FISCAL 2025.
DILLARD'S INC.’s own tally for this item (“2. Ratification of the selection of KPMG LLP as the Company's independent registered public accounting firm for 2025”): 14,149,024 for, 7,143 against, per its Form 8-K filed May 20, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 69 asset managers below reported 1,116,071 for, 3,755 against, 0 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Pacer Funds Trust | 344,502 | 0 | 0 | 0 | For |
| Vanguard | 188,779 | 0 | 0 | 0 | For |
| PIMCO | 116,810 | 0 | 0 | 0 | For |
| Delaware/Macquarie | 60,945 | 0 | 0 | 0 | For |
| First Trust | 53,544 | 0 | 0 | 0 | For |
| WisdomTree | 53,371 | 0 | 0 | 0 | For |
| Charles Schwab | 47,924 | 0 | 0 | 0 | For |
| American Century | 34,317 | 0 | 0 | 0 | For |
| BlackRock | 33,714 | 0 | 0 | 0 | For |
| BBR ALO Fund, LLC | 25,181 | 0 | 0 | 0 | For |
| Dimensional | 21,992 | 0 | 0 | 0 | For |
| BEXIL INVESTMENT TRUST | 20,300 | 0 | 0 | 0 | For |
| Cambria ETF Trust | 18,349 | 0 | 0 | 0 | For |
| AQR | 17,666 | 0 | 0 | 0 | For |
| Royce | 10,659 | 0 | 0 | 0 | For |
| Fidelity | 10,434 | 0 | 0 | 0 | For |
| Listed Funds Trust | 10,056 | 0 | 0 | 0 | For |
| EA Series Trust | 8,754 | 0 | 0 | 0 | For |
| ETF Series Solutions | 3,131 | 3,742 | 0 | 0 | Mixed |
| Invesco | 4,264 | 0 | 0 | 0 | For |
| State Street | 2,852 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 2,310 | 0 | 0 | 0 | For |
| Jackson National | 2,299 | 0 | 0 | 0 | For |
| Lincoln Financial | 2,213 | 0 | 0 | 0 | For |
| Northern Trust | 2,084 | 0 | 0 | 0 | For |
Showing the 25 largest of 69 asset managers. All 69 are in the interactive database (link above).
Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 15,773,000 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Pacer Funds Trust | 2.18% |
| 2 | Vanguard | 1.20% |
| 3 | PIMCO | 0.74% |
| 4 | Delaware/Macquarie | 0.39% |
| 5 | First Trust | 0.34% |
| 6 | WisdomTree | 0.34% |
| 7 | Charles Schwab | 0.30% |
| 8 | American Century | 0.22% |
| 9 | BlackRock | 0.21% |
| 10 | BBR ALO Fund, LLC | 0.16% |
As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.
| Holder | % outstanding | Disclosure |
|---|---|---|
| Alex Dillard | 30.91% | 13D |
| Newport Trust Company, LLC | 28.63% | 13G |
| Vanguard Group | 2.34% | 13F |
| Dimensional Fund Advisors | 1.94% | 13F |
| BlackRock | 1.07% | 13F |
| Morgan Stanley | 0.61% | 13F |
| Renaissance Technologies | 0.58% | 13F |
| AQR Capital | 0.50% | 13F |
| BNY Mellon | 0.49% | 13F |
| Citadel Advisors | 0.44% | 13F |
Percentages above are of 15,773,000 shares outstanding, as reported by DILLARD'S INC. on its Form 10-Q dated May 3, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from DILLARD'S INC.’s 10-Q dated May 3, 2025. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.
DILLARD'S INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.
proxyvotesnow.com, “DILLARD'S (DDS) 2025 Annual Meeting: Vote Results & How Funds Voted”, https://proxyvotesnow.com/company/dillards-inc/2025 (version of November 8, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.