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Herbalife Ltd. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and Herbalife Ltd.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

14Reported items
265Asset managers
3,278Fund votes
2026-04-30Meeting date

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

Explore Herbalife Ltd. in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by Herbalife Ltd.

These tallies are Herbalife Ltd.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (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.

Herbalife Ltd. — official shareholder meeting results, meeting held 2026-04-30
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Michael O. Johnson	76,178,677	1,180,234	473,311	--	8,372,088	Majority: yes
Elect Director: Dr. Richard H. Carmona	75,981,036	1,374,215	476,971	--	8,372,088	Majority: yes
Elect Director: Lynda Cloud	76,723,208	628,366	480,648	--	8,372,088	Majority: yes
Elect Director: Sophie L'Hélias	75,277,003	2,078,142	477,077	--	8,372,088	Majority: yes
Elect Director: Michael J. Levitt	77,253,519	99,817	478,886	--	8,372,088	Majority: yes
Elect Director: Rodica Macadrai	75,868,196	1,482,789	481,237	--	8,372,088	Majority: yes
Elect Director: Juan Miguel Mendoza	76,113,335	1,240,668	478,219	--	8,372,088	Majority: yes
Elect Director: Perkins Miller	76,705,543	641,330	485,349	--	8,372,088	Majority: yes
Elect Director: Don Mulligan	76,082,929	1,263,574	485,719	--	8,372,088	Majority: yes
Elect Director: Maria Otero	75,656,563	1,698,074	477,585	--	8,372,088	Majority: yes
Elect Director: Des Walsh	69,655,978	7,698,500	477,744	--	8,372,088	Majority: yes
Proposal 2: Approve, on an advisory basis, the compensation of the Company's named executive officers	70,193,434	7,090,527	548,261	--	8,372,088	Majority: yes
Proposal 3: Ratification, on an advisory basis, of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm	83,842,391	1,848,197	513,722	--	0	Majority: yes

Source: Herbalife Ltd., Form 8-K — read the filing on EDGAR.

How asset managers voted at the Herbalife Ltd. 2025-2026 meeting

Each item below shows how the 265 asset managers that disclosed a Herbalife Ltd. 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 Herbalife Ltd.’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. Approve, on an advisory basis, the compensation of the Company's named executive officers

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%9%

FOR: 70,193,434AGAINST: 7,090,527

Herbalife Ltd.’s own tally for this item (“Proposal 2: Approve, on an advisory basis, the compensation of the Company's named executive officers”): 70,193,434 for, 7,090,527 against, per its Form 8-K (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. Of all 103,400,000 outstanding shares: 68% for, 7% against (75% of the company cast a for/against vote).

The 265 asset managers below cast 92% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 92%8%

FOR: 91.9%AGAINST: 7.6%ABSTAIN: 0.5%NOT VOTED: 0.0%

Largest asset managers voting on “Approve, on an advisory basis, the compensation of the Company's named executive officers” at Herbalife Ltd., 2025-2026
Asset manager	For	Against	Abstain	Vote
Fidelity	11,830,402	0	0	For
Vanguard	11,455,964	5,531	2	For
Baupost	9,259,844	0	0	For
Route One Investment Company, L.P.	8,162,123	0	0	For
BlackRock	6,335,315	947	0	For
Charles Schwab	5,745,725	0	0	For
GEODE CAPITAL MANAGEMENT, LLC	2,610,227	0	0	For
Renaissance	2,401,179	0	0	For
State Street	1,900,386	20,340	0	For
Solel Partners LP	1,860,615	0	0	For
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	1,750,467	7,159	0	For
LSV ASSET MANAGEMENT	0	1,580,644	0	Against
Goldman Sachs	1,426,778	0	0	For
Tenzing Global Management, LLC	1,050,000	0	0	For
Victory Capital	998,466	0	0	For
JUPITER ASSET MANAGEMENT LTD	957,037	0	0	For
SEI	0	908,347	0	Against
Two Sigma	870,498	0	0	For
Northern Trust	668,973	3,296	0	For
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	606,270	0	0	For
Dimensional	0	582,289	0	Against
Nuveen	548,152	0	0	For
TIAA	525,461	0	0	For
Prudential/PGIM	21,200	451,236	0	Against
Invenomic Capital Management LP	0	471,062	0	Against

Showing the 25 largest of 265 asset managers. See all 265 in the interactive database.

2. Election of Directors: Des Walsh

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%10%

FOR: 69,655,978AGAINST: 7,698,500

Herbalife Ltd.’s own tally for this item (“Elect Director: Des Walsh”): 69,655,978 for, 7,698,500 against, per its Form 8-K (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. Of all 103,400,000 outstanding shares: 67% for, 7% against (75% of the company cast a for/against vote).

The 80 asset managers below cast 85% of the shares they voted on this item FOR (24,658,061 for, 4,259,250 against).

FOR 85%AGAINST 15%

FOR: 24,658,061 (85.3%)AGAINST: 4,259,250 (14.7%)ABSTAIN: 2 (0.0%)

Largest asset managers voting on “Election of Directors: Des Walsh” at Herbalife Ltd., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	10,448,575	5,535	2	For
Fidelity	6,695,770	0	0	For
Charles Schwab	0	2,872,781	0	Against
BlackRock	2,436,968	0	0	For
TIAA	525,461	0	0	For
Goldman Sachs	462,745	0	0	For
Victory Capital	459,243	0	0	For
Dimensional	456,707	0	0	For
HOTCHKIS & WILEY FUNDS /DE/	357,900	0	0	For
NORTHERN LIGHTS FUND TRUST III	355,331	0	0	For
SEI	0	336,234	0	Against
ADVISORS SERIES TRUST	284,400	0	0	For
Bridge Builder Trust	27,507	207,700	0	Against
Equitable	211,547	0	0	For
Invesco	206,104	0	0	For
ADVISORS' INNER CIRCLE FUND	0	185,900	0	Against
Lincoln Financial	143,158	0	0	For
Prudential/PGIM	33,340	106,400	0	Against
Russell Investments	0	137,869	0	Against
WisdomTree	126,609	0	0	For
Nationwide	117,319	2,665	0	For
Principal Exchange-Traded Funds	116,806	0	0	For
HARBOR FUNDS	0	115,300	0	Against
OPTIMUM FUND TRUST	0	112,000	0	Against
JPMorgan	105,567	0	0	For

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

3. Election of Directors: Don Mulligan

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 76,082,929AGAINST: 1,263,574

Herbalife Ltd.’s own tally for this item (“Elect Director: Don Mulligan”): 76,082,929 for, 1,263,574 against, per its Form 8-K (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. Of all 103,400,000 outstanding shares: 74% for, 1% against (75% of the company cast a for/against vote).

The 80 asset managers below cast 98% of the shares they voted on this item FOR (28,441,211 for, 476,099 against).

FOR 98%

FOR: 28,441,211 (98.4%)AGAINST: 476,099 (1.6%)ABSTAIN: 2 (0.0%)

Largest asset managers voting on “Election of Directors: Don Mulligan” at Herbalife Ltd., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	10,442,604	11,505	2	For
Fidelity	6,695,770	0	0	For
Charles Schwab	2,872,781	0	0	For
BlackRock	2,436,968	0	0	For
TIAA	525,461	0	0	For
Goldman Sachs	462,745	0	0	For
Victory Capital	459,243	0	0	For
Dimensional	456,707	0	0	For
HOTCHKIS & WILEY FUNDS /DE/	357,900	0	0	For
NORTHERN LIGHTS FUND TRUST III	0	355,331	0	Against
SEI	336,234	0	0	For
ADVISORS SERIES TRUST	284,400	0	0	For
Bridge Builder Trust	235,207	0	0	For
Equitable	211,547	0	0	For
Invesco	206,104	0	0	For
ADVISORS' INNER CIRCLE FUND	185,900	0	0	For
Lincoln Financial	143,158	0	0	For
Prudential/PGIM	139,740	0	0	For
Russell Investments	137,869	0	0	For
WisdomTree	126,609	0	0	For
Nationwide	119,984	0	0	For
Principal Exchange-Traded Funds	116,806	0	0	For
HARBOR FUNDS	115,300	0	0	For
OPTIMUM FUND TRUST	112,000	0	0	For
JPMorgan	0	105,567	0	Against

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

4. Election of Directors: Juan Miguel Mendoza

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 76,113,335AGAINST: 1,240,668

Herbalife Ltd.’s own tally for this item (“Elect Director: Juan Miguel Mendoza”): 76,113,335 for, 1,240,668 against, per its Form 8-K (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. Of all 103,400,000 outstanding shares: 74% for, 1% against (75% of the company cast a for/against vote).

The 80 asset managers below cast 99% of the shares they voted on this item FOR (28,546,778 for, 370,533 against).

FOR 99%

FOR: 28,546,778 (98.7%)AGAINST: 370,533 (1.3%)ABSTAIN: 2 (0.0%)

Largest asset managers voting on “Election of Directors: Juan Miguel Mendoza” at Herbalife Ltd., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	10,442,604	11,506	2	For
Fidelity	6,695,770	0	0	For
Charles Schwab	2,872,781	0	0	For
BlackRock	2,436,968	0	0	For
TIAA	525,461	0	0	For
Goldman Sachs	462,745	0	0	For
Victory Capital	459,243	0	0	For
Dimensional	456,707	0	0	For
HOTCHKIS & WILEY FUNDS /DE/	357,900	0	0	For
NORTHERN LIGHTS FUND TRUST III	0	355,331	0	Against
SEI	336,234	0	0	For
ADVISORS SERIES TRUST	284,400	0	0	For
Bridge Builder Trust	235,207	0	0	For
Equitable	211,547	0	0	For
Invesco	206,104	0	0	For
ADVISORS' INNER CIRCLE FUND	185,900	0	0	For
Lincoln Financial	143,158	0	0	For
Prudential/PGIM	139,740	0	0	For
Russell Investments	137,869	0	0	For
WisdomTree	126,609	0	0	For
Nationwide	119,984	0	0	For
Principal Exchange-Traded Funds	116,806	0	0	For
HARBOR FUNDS	115,300	0	0	For
OPTIMUM FUND TRUST	112,000	0	0	For
JPMorgan	105,567	0	0	For

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

5. Election of Directors: Lynda Cloud

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%

FOR: 76,723,208AGAINST: 628,366

Herbalife Ltd.’s own tally for this item (“Elect Director: Lynda Cloud”): 76,723,208 for, 628,366 against, per its Form 8-K (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. Of all 103,400,000 outstanding shares: 74% for, 0.7% against (75% of the company cast a for/against vote).

The 80 asset managers below cast 99.9% of the shares they voted on this item FOR (28,996,308 for, 2 against).

FOR 99.9%

FOR: 28,996,308 (100.0%)AGAINST: 2 (0.0%)

Largest asset managers voting on “Election of Directors: Lynda Cloud” at Herbalife Ltd., 2025-2026
Asset manager	For	Against	Vote
Vanguard	10,454,107	2	For
Fidelity	6,695,770	0	For
Charles Schwab	2,872,781	0	For
BlackRock	2,436,968	0	For
TIAA	525,461	0	For
Goldman Sachs	462,745	0	For
Victory Capital	459,243	0	For
Dimensional	456,707	0	For
HOTCHKIS & WILEY FUNDS /DE/	357,900	0	For
NORTHERN LIGHTS FUND TRUST III	355,331	0	For
SEI	336,234	0	For
ADVISORS SERIES TRUST	284,400	0	For
Bridge Builder Trust	235,207	0	For
Equitable	211,547	0	For
Invesco	206,104	0	For
ADVISORS' INNER CIRCLE FUND	185,900	0	For
Lincoln Financial	143,158	0	For
Prudential/PGIM	139,740	0	For
Russell Investments	137,869	0	For
WisdomTree	126,609	0	For
Nationwide	119,984	0	For
Principal Exchange-Traded Funds	116,806	0	For
HARBOR FUNDS	115,300	0	For
OPTIMUM FUND TRUST	112,000	0	For
JPMorgan	105,567	0	For

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

6. Election of Directors: Maria Otero

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 75,656,563AGAINST: 1,698,074

Herbalife Ltd.’s own tally for this item (“Elect Director: Maria Otero”): 75,656,563 for, 1,698,074 against, per its Form 8-K (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. Of all 103,400,000 outstanding shares: 73% for, 2% against (75% of the company cast a for/against vote).

The 80 asset managers below cast 98% of the shares they voted on this item FOR (28,441,209 for, 476,101 against).

FOR 98%

FOR: 28,441,209 (98.4%)AGAINST: 476,101 (1.6%)ABSTAIN: 2 (0.0%)

Largest asset managers voting on “Election of Directors: Maria Otero” at Herbalife Ltd., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	10,442,602	11,507	2	For
Fidelity	6,695,770	0	0	For
Charles Schwab	2,872,781	0	0	For
BlackRock	2,436,968	0	0	For
TIAA	525,461	0	0	For
Goldman Sachs	462,745	0	0	For
Victory Capital	459,243	0	0	For
Dimensional	456,707	0	0	For
HOTCHKIS & WILEY FUNDS /DE/	357,900	0	0	For
NORTHERN LIGHTS FUND TRUST III	0	355,331	0	Against
SEI	336,234	0	0	For
ADVISORS SERIES TRUST	284,400	0	0	For
Bridge Builder Trust	235,207	0	0	For
Equitable	211,547	0	0	For
Invesco	206,104	0	0	For
ADVISORS' INNER CIRCLE FUND	185,900	0	0	For
Lincoln Financial	143,158	0	0	For
Prudential/PGIM	139,740	0	0	For
Russell Investments	137,869	0	0	For
WisdomTree	126,609	0	0	For
Nationwide	119,984	0	0	For
Principal Exchange-Traded Funds	116,806	0	0	For
HARBOR FUNDS	115,300	0	0	For
OPTIMUM FUND TRUST	112,000	0	0	For
JPMorgan	0	105,567	0	Against

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

7. Election of Directors: Michael J. Levitt

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 77,253,519AGAINST: 99,817

Herbalife Ltd.’s own tally for this item (“Elect Director: Michael J. Levitt”): 77,253,519 for, 99,817 against, per its Form 8-K (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. Of all 103,400,000 outstanding shares: 75% for, 0.1% against (75% of the company cast a for/against vote).

The 80 asset managers below cast 100% of the shares they voted on this item FOR (28,936,310 for, 0 against).

FOR 99.9%

FOR: 28,936,310 (100.0%)ABSTAIN: 2 (0.0%)

Largest asset managers voting on “Election of Directors: Michael J. Levitt” at Herbalife Ltd., 2025-2026
Asset manager	For	Abstain	Vote
Vanguard	10,454,109	2	For
Fidelity	6,695,770	0	For
Charles Schwab	2,872,781	0	For
BlackRock	2,436,968	0	For
TIAA	525,461	0	For
Goldman Sachs	462,745	0	For
Victory Capital	459,243	0	For
Dimensional	456,707	0	For
HOTCHKIS & WILEY FUNDS /DE/	357,900	0	For
NORTHERN LIGHTS FUND TRUST III	355,331	0	For
SEI	336,234	0	For
ADVISORS SERIES TRUST	284,400	0	For
Bridge Builder Trust	235,207	0	For
Equitable	211,547	0	For
Invesco	206,104	0	For
ADVISORS' INNER CIRCLE FUND	185,900	0	For
Lincoln Financial	143,158	0	For
Prudential/PGIM	139,740	0	For
Russell Investments	137,869	0	For
WisdomTree	126,609	0	For
Nationwide	119,984	0	For
Principal Exchange-Traded Funds	116,806	0	For
HARBOR FUNDS	115,300	0	For
OPTIMUM FUND TRUST	112,000	0	For
JPMorgan	105,567	0	For

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

8. Election of Directors: Michael O. Johnson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 76,178,677AGAINST: 1,180,234

Herbalife Ltd.’s own tally for this item (“Elect Director: Michael O. Johnson”): 76,178,677 for, 1,180,234 against, per its Form 8-K (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. Of all 103,400,000 outstanding shares: 74% for, 1% against (75% of the company cast a for/against vote).

The 80 asset managers below cast 99% of the shares they voted on this item FOR (28,566,427 for, 369,883 against).

FOR 99%

FOR: 28,566,427 (98.7%)AGAINST: 369,883 (1.3%)ABSTAIN: 2 (0.0%)

Largest asset managers voting on “Election of Directors: Michael O. Johnson” at Herbalife Ltd., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	10,442,604	11,505	2	For
Fidelity	6,695,770	0	0	For
Charles Schwab	2,872,781	0	0	For
BlackRock	2,436,968	0	0	For
TIAA	525,461	0	0	For
Goldman Sachs	462,745	0	0	For
Victory Capital	459,243	0	0	For
Dimensional	456,707	0	0	For
HOTCHKIS & WILEY FUNDS /DE/	357,900	0	0	For
NORTHERN LIGHTS FUND TRUST III	0	355,331	0	Against
SEI	336,234	0	0	For
ADVISORS SERIES TRUST	284,400	0	0	For
Bridge Builder Trust	235,207	0	0	For
Equitable	211,547	0	0	For
Invesco	206,104	0	0	For
ADVISORS' INNER CIRCLE FUND	185,900	0	0	For
Lincoln Financial	143,158	0	0	For
Prudential/PGIM	139,740	0	0	For
Russell Investments	137,869	0	0	For
WisdomTree	126,609	0	0	For
Nationwide	119,984	0	0	For
Principal Exchange-Traded Funds	116,806	0	0	For
HARBOR FUNDS	115,300	0	0	For
OPTIMUM FUND TRUST	112,000	0	0	For
JPMorgan	105,567	0	0	For

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

9. Election of Directors: Perkins Miller

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%

FOR: 76,705,543AGAINST: 641,330

Herbalife Ltd.’s own tally for this item (“Elect Director: Perkins Miller”): 76,705,543 for, 641,330 against, per its Form 8-K (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. Of all 103,400,000 outstanding shares: 74% for, 0.7% against (75% of the company cast a for/against vote).

The 80 asset managers below cast 99.9% of the shares they voted on this item FOR (28,917,308 for, 2 against).

FOR 99.9%

FOR: 28,917,308 (100.0%)AGAINST: 2 (0.0%)

Largest asset managers voting on “Election of Directors: Perkins Miller” at Herbalife Ltd., 2025-2026
Asset manager	For	Against	Vote
Vanguard	10,454,107	2	For
Fidelity	6,695,770	0	For
Charles Schwab	2,872,781	0	For
BlackRock	2,436,968	0	For
TIAA	525,461	0	For
Goldman Sachs	462,745	0	For
Victory Capital	459,243	0	For
Dimensional	456,707	0	For
HOTCHKIS & WILEY FUNDS /DE/	357,900	0	For
NORTHERN LIGHTS FUND TRUST III	355,331	0	For
SEI	336,234	0	For
ADVISORS SERIES TRUST	284,400	0	For
Bridge Builder Trust	235,207	0	For
Equitable	211,547	0	For
Invesco	206,104	0	For
ADVISORS' INNER CIRCLE FUND	185,900	0	For
Lincoln Financial	143,158	0	For
Prudential/PGIM	139,740	0	For
Russell Investments	137,869	0	For
WisdomTree	126,609	0	For
Nationwide	119,984	0	For
Principal Exchange-Traded Funds	116,806	0	For
HARBOR FUNDS	115,300	0	For
OPTIMUM FUND TRUST	112,000	0	For
JPMorgan	105,567	0	For

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

10. Election of Directors: Richard H. Carmona

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 75,981,036AGAINST: 1,374,215

Herbalife Ltd.’s own tally for this item (“Elect Director: Dr. Richard H. Carmona”): 75,981,036 for, 1,374,215 against, per its Form 8-K (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. Of all 103,400,000 outstanding shares: 73% for, 1% against (75% of the company cast a for/against vote).

The 80 asset managers below cast 99% of the shares they voted on this item FOR (28,617,978 for, 378,332 against).

FOR 99%

FOR: 28,617,978 (98.7%)AGAINST: 378,332 (1.3%)ABSTAIN: 2 (0.0%)

Largest asset managers voting on “Election of Directors: Richard H. Carmona” at Herbalife Ltd., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	10,442,603	11,506	2	For
Fidelity	6,695,770	0	0	For
Charles Schwab	2,872,781	0	0	For
BlackRock	2,436,968	0	0	For
TIAA	525,461	0	0	For
Goldman Sachs	462,745	0	0	For
Victory Capital	459,243	0	0	For
Dimensional	456,707	0	0	For
HOTCHKIS & WILEY FUNDS /DE/	357,900	0	0	For
NORTHERN LIGHTS FUND TRUST III	0	355,331	0	Against
SEI	336,234	0	0	For
ADVISORS SERIES TRUST	284,400	0	0	For
Bridge Builder Trust	235,207	0	0	For
Equitable	211,547	0	0	For
Invesco	206,104	0	0	For
ADVISORS' INNER CIRCLE FUND	185,900	0	0	For
Lincoln Financial	143,158	0	0	For
Prudential/PGIM	139,740	0	0	For
Russell Investments	137,869	0	0	For
WisdomTree	126,609	0	0	For
Nationwide	119,984	0	0	For
Principal Exchange-Traded Funds	116,806	0	0	For
HARBOR FUNDS	115,300	0	0	For
OPTIMUM FUND TRUST	112,000	0	0	For
JPMorgan	105,567	0	0	For

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

11. Election of Directors: Rodica Macadrai

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 75,868,196AGAINST: 1,482,789

Herbalife Ltd.’s own tally for this item (“Elect Director: Rodica Macadrai”): 75,868,196 for, 1,482,789 against, per its Form 8-K (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. Of all 103,400,000 outstanding shares: 73% for, 1% against (75% of the company cast a for/against vote).

The 80 asset managers below cast 99.9% of the shares they voted on this item FOR (28,916,656 for, 654 against).

FOR 99.9%

FOR: 28,916,656 (100.0%)AGAINST: 654 (0.0%)ABSTAIN: 2 (0.0%)

Largest asset managers voting on “Election of Directors: Rodica Macadrai” at Herbalife Ltd., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	10,454,104	5	2	For
Fidelity	6,695,770	0	0	For
Charles Schwab	2,872,781	0	0	For
BlackRock	2,436,968	0	0	For
TIAA	525,461	0	0	For
Goldman Sachs	462,745	0	0	For
Victory Capital	459,243	0	0	For
Dimensional	456,707	0	0	For
HOTCHKIS & WILEY FUNDS /DE/	357,900	0	0	For
NORTHERN LIGHTS FUND TRUST III	355,331	0	0	For
SEI	336,234	0	0	For
ADVISORS SERIES TRUST	284,400	0	0	For
Bridge Builder Trust	235,207	0	0	For
Equitable	211,547	0	0	For
Invesco	206,104	0	0	For
ADVISORS' INNER CIRCLE FUND	185,900	0	0	For
Lincoln Financial	143,158	0	0	For
Prudential/PGIM	139,740	0	0	For
Russell Investments	137,869	0	0	For
WisdomTree	126,609	0	0	For
Nationwide	119,984	0	0	For
Principal Exchange-Traded Funds	116,806	0	0	For
HARBOR FUNDS	115,300	0	0	For
OPTIMUM FUND TRUST	112,000	0	0	For
JPMorgan	105,567	0	0	For

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

12. Ratify, on an advisory basis, the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for fiscal year 2026

AUDIT-RELATEDMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 83,842,391AGAINST: 1,848,197

Herbalife Ltd.’s own tally for this item (“Proposal 3: Ratification, on an advisory basis, of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm”): 83,842,391 for, 1,848,197 against, per its Form 8-K (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. Of all 103,400,000 outstanding shares: 81% for, 2% against (83% of the company cast a for/against vote).

The 80 asset managers below cast 99% of the shares they voted on this item FOR (28,547,424 for, 369,886 against).

FOR 99%

FOR: 28,547,424 (98.7%)AGAINST: 369,886 (1.3%)ABSTAIN: 2 (0.0%)

Largest asset managers voting on “Ratify, on an advisory basis, the appointment of PricewaterhouseCoopers LLP as the Company's independent regis” at Herbalife Ltd., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	10,442,601	11,508	2	For
Fidelity	6,695,770	0	0	For
Charles Schwab	2,872,781	0	0	For
BlackRock	2,436,968	0	0	For
TIAA	525,461	0	0	For
Goldman Sachs	462,745	0	0	For
Victory Capital	459,243	0	0	For
Dimensional	456,707	0	0	For
HOTCHKIS & WILEY FUNDS /DE/	357,900	0	0	For
NORTHERN LIGHTS FUND TRUST III	0	355,331	0	Against
SEI	336,234	0	0	For
ADVISORS SERIES TRUST	284,400	0	0	For
Bridge Builder Trust	235,207	0	0	For
Equitable	211,547	0	0	For
Invesco	206,104	0	0	For
ADVISORS' INNER CIRCLE FUND	185,900	0	0	For
Lincoln Financial	143,158	0	0	For
Prudential/PGIM	139,740	0	0	For
Russell Investments	137,869	0	0	For
WisdomTree	126,609	0	0	For
Nationwide	119,984	0	0	For
Principal Exchange-Traded Funds	116,806	0	0	For
HARBOR FUNDS	115,300	0	0	For
OPTIMUM FUND TRUST	112,000	0	0	For
JPMorgan	105,567	0	0	For

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

13. Election of Directors: Sophie L'Helias

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 75,277,003AGAINST: 2,078,142

Herbalife Ltd.’s own tally for this item (“Elect Director: Sophie L'Hélias”): 75,277,003 for, 2,078,142 against, per its Form 8-K (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. Of all 103,400,000 outstanding shares: 73% for, 2% against (75% of the company cast a for/against vote).

The 76 asset managers below cast 99.9% of the shares they voted on this item FOR (28,498,297 for, 20,063 against).

FOR 99.9%

FOR: 28,498,297 (99.9%)AGAINST: 20,063 (0.1%)ABSTAIN: 2 (0.0%)

Largest asset managers voting on “Election of Directors: Sophie L'Helias” at Herbalife Ltd., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	10,437,094	17,016	2	For
Fidelity	6,695,770	0	0	For
Charles Schwab	2,872,781	0	0	For
BlackRock	2,436,968	0	0	For
TIAA	525,461	0	0	For
Goldman Sachs	462,745	0	0	For
Victory Capital	459,243	0	0	For
Dimensional	456,707	0	0	For
HOTCHKIS & WILEY FUNDS /DE/	357,900	0	0	For
SEI	336,234	0	0	For
ADVISORS SERIES TRUST	284,400	0	0	For
Bridge Builder Trust	235,207	0	0	For
Equitable	211,547	0	0	For
Invesco	206,104	0	0	For
ADVISORS' INNER CIRCLE FUND	185,900	0	0	For
Lincoln Financial	143,158	0	0	For
Prudential/PGIM	139,740	0	0	For
Russell Investments	137,869	0	0	For
WisdomTree	126,609	0	0	For
Nationwide	119,984	0	0	For
Principal Exchange-Traded Funds	116,806	0	0	For
HARBOR FUNDS	115,300	0	0	For
OPTIMUM FUND TRUST	112,000	0	0	For
JPMorgan	105,567	0	0	For
Columbia Threadneedle	102,652	0	0	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

14. Election of Directors: Sophie L'H?lias

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

26% fund support · no official result

FOR 26%AGAINST 74%

The 4 asset managers below cast 26% of the shares they voted on this item FOR (122,620 for, 355,331 against).

FOR: 122,620 (25.7%)AGAINST: 355,331 (74.3%)

Largest asset managers voting on “Election of Directors: Sophie L'H?lias” at Herbalife Ltd., 2025-2026
Asset manager	For	Against	Vote
NORTHERN LIGHTS FUND TRUST III	0	355,331	Against
HUSSMAN INVESTMENT TRUST	80,000	0	For
Northern Lights Fund Trust IV	37,911	0	For
SA FUNDS INVESTMENT TRUST	4,709	0	For

Largest Herbalife Ltd. shareholders voting in 2025-2026

Ranked by the number of Herbalife Ltd. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 103,400,000 shares outstanding at the time of that meeting.

Top Herbalife Ltd. shareholders by shares voted, 2025-2026
#	Asset manager	% of shares outstanding
1	Fidelity	11.44%
2	Vanguard	11.08%
3	Baupost	8.96%
4	Route One Investment Company, L.P.	7.89%
5	BlackRock	6.13%
6	Charles Schwab	5.56%
7	GEODE CAPITAL MANAGEMENT, LLC	2.52%
8	Renaissance	2.32%
9	State Street	1.86%
10	Solel Partners LP	1.80%

Reported Herbalife Ltd. ownership

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

Herbalife Ltd. beneficial owners on record for the 2025-2026 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	11.33%	13F
The Baupost Group, L.L.C.	8.33%	DEF14A
BlackRock	7.56%	13F
Route One Investment Company, L.P.	7.28%	DEF14A
Nantahala Capital Management, LLC	6.73%	13G
Vanguard Portfolio Management	6.12%	13G
Renaissance Technologies	5.32%	13F
FMR (Fidelity)	5.09%	13F
Citadel Advisors	3.07%	13F
Goldman Sachs	3.06%	13F

Percentages above are of 103,400,000 shares outstanding, as reported by Herbalife Ltd. on its Form 10-Q dated 2026-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 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 Herbalife Ltd.’s 10-Q dated 2026-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At Herbalife Ltd.'s shareholder meeting held 2026-04-30, in the 2025-2026 proxy season, 265 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,278 separate fund positions. Their filings are grouped here into 14 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Approve, on an advisory basis, the compensation of the Company's named executive officers — FOR was 91% 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: Herbalife Ltd.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

Herbalife Ltd. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).