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SYSCO CORP. 2024-2025 Proxy Voting Records

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

  • 25Reported items
  • 1,122Asset managers
  • 14,143Fund votes
  • 2024-11-15Meeting date

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

Explore SYSCO CORP. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by SYSCO CORP.

These tallies are SYSCO CORP.’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.

SYSCO CORP. — official shareholder meeting results, meeting held 2024-11-15
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Daniel J. Brutto 383,102,3008,018,393515,228 --48,836,226 Majority: yes
Elect Director: Francesca DeBiase 388,549,4812,600,510485,930 --48,836,226 Majority: yes
Elect Director: Ali Dibadj 386,858,2134,319,486458,222 --48,836,226 Majority: yes
Elect Director: Larry C. Glasscock 376,042,86715,140,379452,675 --48,836,226 Majority: yes
Elect Director: Jill M. Golder 385,787,3725,356,765491,784 --48,836,226 Majority: yes
Elect Director: Bradley M. Halverson 382,630,9298,488,019516,973 --48,836,226 Majority: yes
Elect Director: John M. Hinshaw 371,571,83119,546,718517,372 --48,836,226 Majority: yes
Elect Director: Kevin P. Hourican 359,853,39830,127,0071,655,516 --48,836,226 Majority: yes
Elect Director: Roberto Marques 389,568,8691,554,966512,086 --48,836,226 Majority: yes
Elect Director: Alison Kenney Paul 359,589,83931,551,991494,091 --48,836,226 Majority: yes
Elect Director: Sheila G. Talton 383,701,3697,399,178535,374 --48,836,226 Majority: yes
Proposal 2 - Approval, by advisory vote, of the compensation paid to Sysco's named executive officers, as disclosed in Sysco's 2024 proxy statement 366,536,13624,204,086895,699 --48,836,226 Majority: yes
Proposal 3: Approval of the adoption of the Sysco Corporation 2025 Employee Stock Purchase Plan 388,483,9611,562,5901,589,370 --48,836,226 Majority: yes
Proposal 4 - Ratification of the appointment of Ernst & Young LLP as Sysco's independent registered public accounting firm for fiscal 2025 419,888,73020,132,696450,721 ---- Majority: yes

Source: SYSCO CORP., Form 8-K — read the filing on EDGAR.

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

Each item below shows how the 1,122 asset managers that disclosed a SYSCO 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 SYSCO 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. To approve, by advisory vote, the compensation paid to Sysco's named executive officers, as disclosed in Sysco's 2024 proxy statement.

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

Meeting held 2024-11-15.

Combines 43 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 366,536,136AGAINST: 24,204,086

SYSCO CORP.’s own tally for this item (“Proposal 2 - Approval, by advisory vote, of the compensation paid to Sysco's named executive officers, as disclosed in Sysco's 2024 proxy statement”): 366,536,136 for, 24,204,086 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 491,226,100 outstanding shares: 75% for, 5% against (80% of the company cast a for/against vote).

The 1,091 asset managers below cast 96% 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 96%
FOR: 95.9%AGAINST: 4.0%ABSTAIN: 0.0%NOT VOTED: 0.0%UNKNOWN: 0.0%
Largest asset managers voting on “To approve, by advisory vote, the compensation paid to Sysco's named executive officers, as disclosed in Sysco” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard63,790,1160 00For
Capital Group34,200,56132 00For
BlackRock29,779,7512,820 00For
State Street26,934,3180 00For
Invesco26,353,6390 00For
Fidelity21,369,1520 00For
Parnassus14,715,7400 00For
GEODE CAPITAL MANAGEMENT, LLC11,761,2290 00For
Capital Research Global Investors7,063,6650 00For
Charles Schwab5,955,8410 00For
Northern Trust5,089,7120 00For
Columbia Threadneedle4,851,1020 00For
PRIMECAP MANAGEMENT CO/CA/4,626,9010 00For
Janus Henderson4,142,7630 00For
John Hancock3,721,02418,706 00For
American Century3,706,8690 00For
UBS3,698,5940 00For
Dimensional3,662,8630 00For
Wellington3,647,4610 00For
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO3,443,4310 00For
JPMorgan3,245,3920 00For
MONTRUSCO BOLTON INVESTMENTS INC.3,149,3870 00For
Thrivent3,109,2750 00For
DIAMOND HILL FUNDS2,959,0570 00For
Longview Partners (Guernsey) LTD1,763,9901,029,556 00For

Showing the 25 largest of 1,091 asset managers. See all 1,091 in the interactive database.

2. To approve the adoption of the Sysco Corporation 2025 Employee Stock Purchase Program.

CAPITAL STRUCTUREMajority of the votes cast: yes

Meeting held 2024-11-15.

Combines 8 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 388,483,961AGAINST: 1,562,590

SYSCO CORP.’s own tally for this item (“Proposal 3: Approval of the adoption of the Sysco Corporation 2025 Employee Stock Purchase Plan”): 388,483,961 for, 1,562,590 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 491,226,100 outstanding shares: 79% for, 0.4% against (79% of the company cast a for/against vote).

The 184 asset managers below cast 99.9% of the shares they voted on this item FOR (189,560,820 for, 65,950 against).

FOR 99.9%
FOR: 189,560,820 (100.0%)AGAINST: 65,950 (0.0%)
Largest asset managers voting on “To approve the adoption of the Sysco Corporation 2025 Employee Stock Purchase Program.” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,639,1140 00For
Capital Group20,698,2840 00For
BlackRock15,987,3370 00For
Fidelity15,702,0910 00For
Invesco12,389,2000 00For
State Street8,881,3210 00For
Parnassus7,096,4190 00For
Columbia Threadneedle4,765,1610 00For
Dimensional3,115,4190 00For
Charles Schwab2,959,4880 00For
DIAMOND HILL FUNDS2,959,0570 00For
JANUS INVESTMENT FUND2,602,8580 00For
ProShares2,579,6380 00For
American Century1,762,8310 00For
Hartford1,716,8020 00For
Thrivent1,522,9050 00For
MFS1,380,9910 00For
JPMorgan1,333,5720 00For
TIAA1,047,6640 00For
Bridge Builder Trust1,003,8850 00For
First Trust945,9830 00For
AMG FUNDS920,0000 00For
John Hancock840,7120 00For
MASTER INVESTMENT PORTFOLIO798,6030 00For
WisdomTree756,4800 00For

Showing the 25 largest of 184 asset managers. See all 184 in the interactive database.

3. To ratify the appointment of Ernst & Young LLP as Sysco's independent registered public accounting firm for fiscal 2025.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2024-11-15.

Combines 7 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 419,888,730AGAINST: 20,132,696

SYSCO CORP.’s own tally for this item (“Proposal 4 - Ratification of the appointment of Ernst & Young LLP as Sysco's independent registered public accounting firm for fiscal 2025”): 419,888,730 for, 20,132,696 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 491,226,100 outstanding shares: 85% for, 4% against (90% of the company cast a for/against vote).

The 173 asset managers below cast 99.6% of the shares they voted on this item FOR (188,759,911 for, 671,324 against).

FOR 99.6%
FOR: 188,759,911 (99.6%)AGAINST: 671,324 (0.4%)ABSTAIN: 24,192 (0.0%)UNKNOWN: 2,020 (0.0%)
Largest asset managers voting on “To ratify the appointment of Ernst & Young LLP as Sysco's independent registered public accounting firm for fi” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,639,1140 00For
Capital Group20,698,2840 00For
BlackRock15,987,3370 00For
Fidelity15,702,0910 00For
Invesco12,389,2000 00For
State Street8,880,525796 00For
Parnassus7,096,4190 00For
Columbia Threadneedle4,765,1610 00For
Dimensional3,115,4190 00For
Charles Schwab2,959,4880 00For
DIAMOND HILL FUNDS2,959,0570 00For
JANUS INVESTMENT FUND2,602,8580 00For
ProShares2,579,6380 00For
American Century1,762,8310 00For
Hartford1,716,211591 00For
Thrivent1,522,9050 00For
MFS1,380,9910 00For
JPMorgan1,333,5720 00For
TIAA1,047,6640 00For
Bridge Builder Trust1,003,8850 00For
First Trust945,9830 00For
AMG FUNDS920,0000 00For
John Hancock840,7120 00For
MASTER INVESTMENT PORTFOLIO798,6030 00For
WisdomTree756,4800 00For

Showing the 25 largest of 173 asset managers. See all 173 in the interactive database.

4. Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 proxy statement: Ali Dibadj

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-11-15.

Combines 7 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 386,858,213AGAINST: 4,319,486

SYSCO CORP.’s own tally for this item (“Elect Director: Ali Dibadj”): 386,858,213 for, 4,319,486 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 491,226,100 outstanding shares: 79% for, 0.9% against (80% of the company cast a for/against vote).

The 169 asset managers below cast 99.9% of the shares they voted on this item FOR (189,358,241 for, 67,374 against).

FOR 99.9%
FOR: 189,358,241 (99.9%)AGAINST: 67,374 (0.0%)ABSTAIN: 29,576 (0.0%)
Largest asset managers voting on “Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 pro” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,639,1140 00For
Capital Group20,698,2840 00For
BlackRock15,984,8442,493 00For
Fidelity15,702,0910 00For
Invesco12,389,2000 00For
State Street8,880,1101,211 00For
Parnassus7,096,4190 00For
Columbia Threadneedle4,765,1610 00For
Dimensional3,115,4190 00For
Charles Schwab2,959,4880 00For
DIAMOND HILL FUNDS2,959,0570 00For
JANUS INVESTMENT FUND2,602,8580 00For
ProShares2,579,6380 00For
American Century1,762,8310 00For
Hartford1,716,8020 00For
Thrivent1,522,9050 00For
MFS1,380,9910 00For
JPMorgan1,333,5720 00For
TIAA1,047,6640 00For
Bridge Builder Trust1,003,8850 00For
First Trust945,9830 00For
AMG FUNDS920,0000 00For
John Hancock840,7120 00For
MASTER INVESTMENT PORTFOLIO798,6030 00For
WisdomTree756,4800 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

5. Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 proxy statement: Alison Kenney Paul

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-11-15.

Combines 8 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%
FOR: 359,589,839AGAINST: 31,551,991

SYSCO CORP.’s own tally for this item (“Elect Director: Alison Kenney Paul”): 359,589,839 for, 31,551,991 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 491,226,100 outstanding shares: 73% for, 6% against (80% of the company cast a for/against vote).

The 169 asset managers below cast 95% of the shares they voted on this item FOR (179,613,111 for, 9,810,484 against).

FOR 95%
FOR: 179,613,111 (94.8%)AGAINST: 9,810,484 (5.2%)ABSTAIN: 29,576 (0.0%)UNKNOWN: 2,020 (0.0%)
Largest asset managers voting on “Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 pro” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,639,1140 00For
Capital Group20,698,2840 00For
BlackRock15,979,9727,365 00For
Fidelity15,702,0910 00For
Invesco12,389,2000 00For
State Street18,1978,863,124 00Against
Parnassus7,096,4190 00For
Columbia Threadneedle4,765,1610 00For
Dimensional3,115,4190 00For
Charles Schwab2,959,4880 00For
DIAMOND HILL FUNDS2,959,0570 00For
JANUS INVESTMENT FUND2,602,8580 00For
ProShares2,579,6380 00For
American Century1,762,8310 00For
Hartford1,716,8020 00For
Thrivent1,522,9050 00For
MFS1,380,9910 00For
JPMorgan1,333,5720 00For
TIAA1,047,6640 00For
Bridge Builder Trust1,003,8850 00For
First Trust945,9830 00For
AMG FUNDS920,0000 00For
John Hancock822,00618,706 00For
MASTER INVESTMENT PORTFOLIO798,6030 00For
WisdomTree756,4800 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

6. Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 proxy statement: Bradley M. Halverson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-11-15.

Combines 8 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 382,630,929AGAINST: 8,488,019

SYSCO CORP.’s own tally for this item (“Elect Director: Bradley M. Halverson”): 382,630,929 for, 8,488,019 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 491,226,100 outstanding shares: 78% for, 2% against (80% of the company cast a for/against vote).

The 169 asset managers below cast 99.7% of the shares they voted on this item FOR (188,983,051 for, 440,544 against).

FOR 99.7%
FOR: 188,983,051 (99.8%)AGAINST: 440,544 (0.2%)ABSTAIN: 29,576 (0.0%)UNKNOWN: 2,020 (0.0%)
Largest asset managers voting on “Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 pro” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,639,1140 00For
Capital Group20,698,2840 00For
BlackRock15,984,8442,493 00For
Fidelity15,702,0910 00For
Invesco12,389,2000 00For
State Street8,880,1101,211 00For
Parnassus7,096,4190 00For
Columbia Threadneedle4,765,1610 00For
Dimensional3,115,4190 00For
Charles Schwab2,959,4880 00For
DIAMOND HILL FUNDS2,959,0570 00For
JANUS INVESTMENT FUND2,602,8580 00For
ProShares2,579,6380 00For
American Century1,762,8310 00For
Hartford1,716,8020 00For
Thrivent1,522,9050 00For
MFS1,380,9910 00For
JPMorgan1,333,5720 00For
TIAA1,047,6640 00For
Bridge Builder Trust1,003,8850 00For
First Trust945,9830 00For
AMG FUNDS920,0000 00For
John Hancock840,7120 00For
MASTER INVESTMENT PORTFOLIO798,6030 00For
WisdomTree756,4800 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

7. Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 proxy statement: Daniel J. Brutto

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-11-15.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 383,102,300AGAINST: 8,018,393

SYSCO CORP.’s own tally for this item (“Elect Director: Daniel J. Brutto”): 383,102,300 for, 8,018,393 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 491,226,100 outstanding shares: 78% for, 2% against (80% of the company cast a for/against vote).

The 169 asset managers below cast 99.7% of the shares they voted on this item FOR (188,952,072 for, 473,543 against).

FOR 99.7%
FOR: 188,952,072 (99.7%)AGAINST: 473,543 (0.2%)ABSTAIN: 29,576 (0.0%)
Largest asset managers voting on “Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 pro” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,639,1140 00For
Capital Group20,698,2840 00For
BlackRock15,979,9727,365 00For
Fidelity15,702,0910 00For
Invesco12,389,2000 00For
State Street8,878,8652,456 00For
Parnassus7,096,4190 00For
Columbia Threadneedle4,765,1610 00For
Dimensional3,115,4190 00For
Charles Schwab2,959,4880 00For
DIAMOND HILL FUNDS2,959,0570 00For
JANUS INVESTMENT FUND2,602,8580 00For
ProShares2,579,6380 00For
American Century1,762,8310 00For
Hartford1,716,8020 00For
Thrivent1,522,9050 00For
MFS1,380,9910 00For
JPMorgan1,333,5720 00For
TIAA1,047,6640 00For
Bridge Builder Trust1,003,8850 00For
First Trust945,9830 00For
AMG FUNDS920,0000 00For
John Hancock822,00618,706 00For
MASTER INVESTMENT PORTFOLIO798,6030 00For
WisdomTree756,4800 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

8. Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 proxy statement: Francesca DeBiase

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-11-15.

Combines 9 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 388,549,481AGAINST: 2,600,510

SYSCO CORP.’s own tally for this item (“Elect Director: Francesca DeBiase”): 388,549,481 for, 2,600,510 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 491,226,100 outstanding shares: 79% for, 0.6% against (80% of the company cast a for/against vote).

The 169 asset managers below cast 99.9% of the shares they voted on this item FOR (189,358,241 for, 67,374 against).

FOR 99.9%
FOR: 189,358,241 (99.9%)AGAINST: 67,374 (0.0%)ABSTAIN: 29,576 (0.0%)
Largest asset managers voting on “Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 pro” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,639,1140 00For
Capital Group20,698,2840 00For
BlackRock15,984,8442,493 00For
Fidelity15,702,0910 00For
Invesco12,389,2000 00For
State Street8,880,1101,211 00For
Parnassus7,096,4190 00For
Columbia Threadneedle4,765,1610 00For
Dimensional3,115,4190 00For
Charles Schwab2,959,4880 00For
DIAMOND HILL FUNDS2,959,0570 00For
JANUS INVESTMENT FUND2,602,8580 00For
ProShares2,579,6380 00For
American Century1,762,8310 00For
Hartford1,716,8020 00For
Thrivent1,522,9050 00For
MFS1,380,9910 00For
JPMorgan1,333,5720 00For
TIAA1,047,6640 00For
Bridge Builder Trust1,003,8850 00For
First Trust945,9830 00For
AMG FUNDS920,0000 00For
John Hancock840,7120 00For
MASTER INVESTMENT PORTFOLIO798,6030 00For
WisdomTree756,4800 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

9. Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 proxy statement: Jill M. Golder

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-11-15.

Combines 7 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 385,787,372AGAINST: 5,356,765

SYSCO CORP.’s own tally for this item (“Elect Director: Jill M. Golder”): 385,787,372 for, 5,356,765 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 491,226,100 outstanding shares: 79% for, 1% against (80% of the company cast a for/against vote).

The 169 asset managers below cast 99.7% of the shares they voted on this item FOR (189,001,505 for, 422,090 against).

FOR 99.7%
FOR: 189,001,505 (99.8%)AGAINST: 422,090 (0.2%)ABSTAIN: 29,576 (0.0%)UNKNOWN: 2,020 (0.0%)
Largest asset managers voting on “Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 pro” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,639,1140 00For
Capital Group20,698,2840 00For
BlackRock15,984,8442,493 00For
Fidelity15,702,0910 00For
Invesco12,389,2000 00For
State Street8,880,1101,211 00For
Parnassus7,096,4190 00For
Columbia Threadneedle4,765,1610 00For
Dimensional3,115,4190 00For
Charles Schwab2,959,4880 00For
DIAMOND HILL FUNDS2,959,0570 00For
JANUS INVESTMENT FUND2,602,8580 00For
ProShares2,579,6380 00For
American Century1,762,8310 00For
Hartford1,716,8020 00For
Thrivent1,522,9050 00For
MFS1,380,9910 00For
JPMorgan1,333,5720 00For
TIAA1,047,6640 00For
Bridge Builder Trust1,003,8850 00For
First Trust945,9830 00For
AMG FUNDS920,0000 00For
John Hancock840,7120 00For
MASTER INVESTMENT PORTFOLIO798,6030 00For
WisdomTree756,4800 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

10. Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 proxy statement: John M. Hinshaw

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-11-15.

Combines 8 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 371,571,831AGAINST: 19,546,718

SYSCO CORP.’s own tally for this item (“Elect Director: John M. Hinshaw”): 371,571,831 for, 19,546,718 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 491,226,100 outstanding shares: 76% for, 4% against (80% of the company cast a for/against vote).

The 169 asset managers below cast 98% of the shares they voted on this item FOR (184,909,542 for, 4,514,053 against).

FOR 98%
FOR: 184,909,542 (97.6%)AGAINST: 4,514,053 (2.4%)ABSTAIN: 29,576 (0.0%)UNKNOWN: 2,020 (0.0%)
Largest asset managers voting on “Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 pro” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard58,952,8701,686,244 00For
Capital Group20,698,2840 00For
BlackRock15,979,9727,365 00For
Fidelity15,702,0910 00For
Invesco12,389,2000 00For
State Street8,878,8652,456 00For
Parnassus7,096,4190 00For
Columbia Threadneedle4,765,1610 00For
Dimensional3,115,4190 00For
Charles Schwab2,959,4880 00For
DIAMOND HILL FUNDS2,959,0570 00For
JANUS INVESTMENT FUND2,602,8580 00For
ProShares2,579,6380 00For
American Century1,762,8310 00For
Hartford01,716,802 00Against
Thrivent1,522,9050 00For
MFS1,380,9910 00For
JPMorgan1,333,5720 00For
TIAA1,047,6640 00For
Bridge Builder Trust1,003,8850 00For
First Trust945,9830 00For
AMG FUNDS920,0000 00For
John Hancock822,00618,706 00For
MASTER INVESTMENT PORTFOLIO798,6030 00For
WisdomTree756,4800 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

11. Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 proxy statement: Kevin P. Hourican

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-11-15.

Combines 8 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%
FOR: 359,853,398AGAINST: 30,127,007

SYSCO CORP.’s own tally for this item (“Elect Director: Kevin P. Hourican”): 359,853,398 for, 30,127,007 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 491,226,100 outstanding shares: 73% for, 6% against (79% of the company cast a for/against vote).

The 169 asset managers below cast 98% of the shares they voted on this item FOR (185,554,667 for, 3,869,628 against).

FOR 98%
FOR: 185,554,667 (97.9%)AGAINST: 3,869,628 (2.0%)ABSTAIN: 29,576 (0.0%)UNKNOWN: 1,320 (0.0%)
Largest asset managers voting on “Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 pro” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard58,952,8701,686,244 00For
Capital Group20,698,2840 00For
BlackRock15,984,8442,493 00For
Fidelity15,702,0910 00For
Invesco12,389,2000 00For
State Street8,879,9011,420 00For
Parnassus7,096,4190 00For
Columbia Threadneedle4,765,1610 00For
Dimensional3,115,4190 00For
Charles Schwab2,959,4880 00For
DIAMOND HILL FUNDS2,959,0570 00For
JANUS INVESTMENT FUND2,602,8580 00For
ProShares2,579,6380 00For
American Century1,762,8310 00For
Hartford5911,716,211 00Against
Thrivent1,522,9050 00For
MFS1,380,9910 00For
JPMorgan1,333,5720 00For
TIAA1,047,6640 00For
Bridge Builder Trust1,003,8850 00For
First Trust945,9830 00For
AMG FUNDS920,0000 00For
John Hancock840,7120 00For
MASTER INVESTMENT PORTFOLIO798,6030 00For
WisdomTree756,4800 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

12. Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 proxy statement: Larry C. Glasscock

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-11-15.

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 376,042,867AGAINST: 15,140,379

SYSCO CORP.’s own tally for this item (“Elect Director: Larry C. Glasscock”): 376,042,867 for, 15,140,379 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 491,226,100 outstanding shares: 77% for, 3% against (80% of the company cast a for/against vote).

The 169 asset managers below cast 99.5% of the shares they voted on this item FOR (188,584,592 for, 839,003 against).

FOR 99.5%
FOR: 188,584,592 (99.5%)AGAINST: 839,003 (0.4%)ABSTAIN: 29,576 (0.0%)UNKNOWN: 2,020 (0.0%)
Largest asset managers voting on “Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 pro” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,639,1140 00For
Capital Group20,698,2840 00For
BlackRock15,979,9727,365 00For
Fidelity15,702,0910 00For
Invesco12,389,2000 00For
State Street8,878,0693,252 00For
Parnassus7,096,4190 00For
Columbia Threadneedle4,765,1610 00For
Dimensional3,115,4190 00For
Charles Schwab2,959,4880 00For
DIAMOND HILL FUNDS2,959,0570 00For
JANUS INVESTMENT FUND2,602,8580 00For
ProShares2,579,6380 00For
American Century1,762,8310 00For
Hartford1,716,8020 00For
Thrivent1,522,9050 00For
MFS1,380,9910 00For
JPMorgan1,333,5720 00For
TIAA1,047,6640 00For
Bridge Builder Trust1,003,8850 00For
First Trust945,9830 00For
AMG FUNDS920,0000 00For
John Hancock822,00618,706 00For
MASTER INVESTMENT PORTFOLIO798,6030 00For
WisdomTree756,4800 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

13. Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 proxy statement: Roberto Marques

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-11-15.

Combines 7 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 389,568,869AGAINST: 1,554,966

SYSCO CORP.’s own tally for this item (“Elect Director: Roberto Marques”): 389,568,869 for, 1,554,966 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 491,226,100 outstanding shares: 79% for, 0.4% against (80% of the company cast a for/against vote).

The 169 asset managers below cast 99.9% of the shares they voted on this item FOR (189,362,244 for, 63,371 against).

FOR 99.9%
FOR: 189,362,244 (100.0%)AGAINST: 63,371 (0.0%)ABSTAIN: 29,576 (0.0%)
Largest asset managers voting on “Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 pro” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,639,1140 00For
Capital Group20,698,2840 00For
BlackRock15,987,3370 00For
Fidelity15,702,0910 00For
Invesco12,389,2000 00For
State Street8,881,3210 00For
Parnassus7,096,4190 00For
Columbia Threadneedle4,765,1610 00For
Dimensional3,115,4190 00For
Charles Schwab2,959,4880 00For
DIAMOND HILL FUNDS2,959,0570 00For
JANUS INVESTMENT FUND2,602,8580 00For
ProShares2,579,6380 00For
American Century1,762,8310 00For
Hartford1,716,8020 00For
Thrivent1,522,9050 00For
MFS1,380,9910 00For
JPMorgan1,333,5720 00For
TIAA1,047,6640 00For
Bridge Builder Trust1,003,8850 00For
First Trust945,9830 00For
AMG FUNDS920,0000 00For
John Hancock840,7120 00For
MASTER INVESTMENT PORTFOLIO798,6030 00For
WisdomTree756,4800 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

14. Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 proxy statement: Sheila G. Talton

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-11-15.

Combines 7 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 383,701,369AGAINST: 7,399,178

SYSCO CORP.’s own tally for this item (“Elect Director: Sheila G. Talton”): 383,701,369 for, 7,399,178 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 491,226,100 outstanding shares: 78% for, 2% against (80% of the company cast a for/against vote).

The 169 asset managers below cast 99.7% of the shares they voted on this item FOR (188,968,529 for, 457,086 against).

FOR 99.7%
FOR: 188,968,529 (99.7%)AGAINST: 457,086 (0.2%)ABSTAIN: 29,576 (0.0%)
Largest asset managers voting on “Election of Directors: The election to Sysco's Board of Directors of the 11 nominees named in Sysco's 2024 pro” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard60,639,1140 00For
Capital Group20,698,2840 00For
BlackRock15,979,9727,365 00For
Fidelity15,702,0910 00For
Invesco12,389,2000 00For
State Street8,878,8652,456 00For
Parnassus7,096,4190 00For
Columbia Threadneedle4,765,1610 00For
Dimensional3,115,4190 00For
Charles Schwab2,959,4880 00For
DIAMOND HILL FUNDS2,959,0570 00For
JANUS INVESTMENT FUND2,602,8580 00For
ProShares2,579,6380 00For
American Century1,762,8310 00For
Hartford1,716,8020 00For
Thrivent1,522,9050 00For
MFS1,380,9910 00For
JPMorgan1,333,5720 00For
TIAA1,047,6640 00For
Bridge Builder Trust1,003,8850 00For
First Trust945,9830 00For
AMG FUNDS920,0000 00For
John Hancock822,00618,706 00For
MASTER INVESTMENT PORTFOLIO798,6030 00For
WisdomTree756,4800 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

15. To consider a stockholder proposal related to establishing measurable, time bound targets for ensuring group sow housing for its private brand pork products.

OTHER SOCIAL ISSUES

Meeting held 2024-11-15.

Combines 4 wordings of this item as funds reported it.

12% fund support · no official result

12%AGAINST 88%

The 162 asset managers below cast 12% of the shares they voted on this item FOR (21,748,190 for, 166,297,695 against).

FOR: 21,748,190 (11.5%)AGAINST: 166,297,695 (88.3%)ABSTAIN: 364,387 (0.2%)UNKNOWN: 700 (0.0%)
Largest asset managers voting on “To consider a stockholder proposal related to establishing measurable, time bound targets for ensuring group s” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard329,40060,309,714 00Against
Capital Group020,698,284 00Against
BlackRock10,06415,977,273 00Against
Fidelity4,507,52511,194,566 00Against
Invesco012,389,200 00Against
State Street10,5338,870,788 00Against
Parnassus7,096,4190 00For
Columbia Threadneedle04,765,161 00Against
Dimensional138,3912,977,028 00Against
Charles Schwab02,959,488 00Against
DIAMOND HILL FUNDS02,959,057 00Against
JANUS INVESTMENT FUND02,602,858 00Against
ProShares2,579,6380 00For
American Century01,762,831 00Against
Hartford5911,716,211 00Against
Thrivent01,522,905 00Against
MFS01,380,991 00Against
JPMorgan01,333,572 00Against
TIAA1,047,6640 00For
Bridge Builder Trust01,003,885 00Against
First Trust668,929277,054 00For
AMG FUNDS0920,000 00Against
John Hancock840,7120 00For
MASTER INVESTMENT PORTFOLIO0798,603 00Against
WisdomTree0756,480 00Against

Showing the 25 largest of 162 asset managers. See all 162 in the interactive database.

16. Adopt Measurable Time Bound Goals to Ensure Group Sow Housing for Private Brand Pork Products

OTHER

Meeting held 2024-11-15.

50.4% fund support · no official result

FOR 50.4%AGAINST 49.6%

The 7 asset managers below cast 50.4% of the shares they voted on this item FOR (395,003 for, 389,338 against).

FOR: 395,003 (50.4%)AGAINST: 389,338 (49.6%)
Largest asset managers voting on “Adopt Measurable Time Bound Goals to Ensure Group Sow Housing for Private Brand Pork Products” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Brighthouse0389,338 00Against
RWC Asset Management LLP215,2440 00For
Empower65,3800 00For
GuideStone56,3610 00For
VALUED ADVISERS TRUST32,8000 00For
HC CAPITAL TRUST18,1180 00For
CLEARWATER INVESTMENT TRUST7,1000 00For

17. To approve, by advisory vote, the compensation paid to Sysco's named executive officers, as disclosed in Sysco's 2023 proxy statement

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

Meeting held 2023-11-17 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%
FOR: 366,555,594AGAINST: 26,020,850

SYSCO CORP.’s own tally for this item (“Proposal 2 - Approval, by advisory vote, of the compensation paid to Sysco's named executive officers, as disclosed in Sysco's 2023 proxy statement”): 366,555,594 for, 26,020,850 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 491,226,100 outstanding shares: 75% for, 5% against (80% of the company cast a for/against vote).

The 6 asset managers below cast 100% of the shares they voted on this item FOR (91,574 for, 0 against).

FOR 100%
FOR: 91,574 (100.0%)
Largest asset managers voting on “To approve, by advisory vote, the compensation paid to Sysco's named executive officers, as disclosed in Sysco” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Sky Investment Group LLC84,2910 00For
COLDSTREAM CAPITAL MANAGEMENT INC4,8410 00For
VAUGHAN DAVID INVESTMENTS LLC/IL1,7610 00For
Americana Partners, LLC5470 00For
DIVIDEND ASSETS CAPITAL, LLC1340 00For
Echo45 Advisors LLC00 00--

18. To approve, by advisory vote, the frequency of future advisory votes on executive compensation

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

Meeting held 2023-11-17 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

96% Majority: yes · of votes cast

FOR 96%
FOR: 429,402,154AGAINST: 15,912,069

SYSCO CORP.’s own tally for this item (“- 2 - Proposal 3 - Approval, by advisory vote, the frequency with which Sysco will conduct future stockholder advisory votes on executive compensation”): 429,402,154 for, 15,912,069 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 491,226,100 outstanding shares: 87% for, 3% against (91% of the company cast a for/against vote).

The 5 asset managers below cast 100% of the shares they voted on this item FOR (84,838 for, 0 against).

FOR 93%7%
FOR: 84,838 (92.6%)1 YEAR: 6,736 (7.4%)
Largest asset managers voting on “To approve, by advisory vote, the frequency of future advisory votes on executive compensation” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Sky Investment Group LLC84,2910 00For
COLDSTREAM CAPITAL MANAGEMENT INC00 001 Year
VAUGHAN DAVID INVESTMENTS LLC/IL00 001 Year
Americana Partners, LLC5470 00For
DIVIDEND ASSETS CAPITAL, LLC00 001 Year

19. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

Meeting held 2024-11-15.

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 3 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 SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
HARBOUR INVESTMENT MANAGEMENT LLC8,3600 00For
ESL Trust Services, LLC6000 00For
Simplify Exchange Traded Funds1250 00For

20. S/H Proposal - Corporate Governance

CORPORATE GOVERNANCE

Meeting held 2024-11-15.

17% fund support · no official result

8%AGAINST 40%NOT VOTED 51.2%

The 3 asset managers below cast 17% of the shares they voted on this item FOR (125 for, 600 against).

FOR: 125 (8.4%)AGAINST: 600 (40.4%)NOT VOTED: 760 (51.2%)
Largest asset managers voting on “S/H Proposal - Corporate Governance” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
HARBOUR INVESTMENT MANAGEMENT LLC00 00Not Voted
ESL Trust Services, LLC0600 00Against
Simplify Exchange Traded Funds1250 00For

21. Other Social Issues

OTHER SOCIAL ISSUES

Meeting held 2024-11-15.

Combines 2 wordings of this item as funds reported it.

0% fund support · no official result

AGAINST 100%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 588 against).

AGAINST: 588 (100.0%)
Largest asset managers voting on “Other Social Issues” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Praetorian Wealth Management, Inc.0408 00Against
Members Trust Co0180 00Against

22. Animal Welfare

OTHER SOCIAL ISSUES

Meeting held 2024-11-15.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (526 for, 0 against).

FOR: 526 (100.0%)
Largest asset managers voting on “Animal Welfare” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
NORTHERN LIGHTS FUND TRUST III5260 00For
Synergy Investment Management, LLC00 00--

23. COMPENSATION

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-11-15.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (6,080 for, 0 against).

FOR: 6,080 (100.0%)
Largest asset managers voting on “COMPENSATION” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group5,9000 00For
Members Trust Co1800 00For

24. Elect Director

DIRECTOR ELECTIONS

Meeting held 2024-11-15.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (526 for, 0 against).

FOR: 526 (100.0%)
Largest asset managers voting on “Elect Director” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
NORTHERN LIGHTS FUND TRUST III5260 00For
Synergy Investment Management, LLC00 00--

25. Shareholder Proposal Regarding Gestation Crates

OTHER SOCIAL ISSUES

Meeting held 2024-11-15.

99.8% fund support · no official result

FOR 99.8%

The 2 asset managers below cast 99.8% of the shares they voted on this item FOR (249,968 for, 285 against).

FOR: 249,968 (99.9%)AGAINST: 285 (0.1%)
Largest asset managers voting on “Shareholder Proposal Regarding Gestation Crates” at SYSCO CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cardano Risk Management B.V.249,9680 00For
Virtus0285 00Against

Largest SYSCO CORP. shareholders voting in 2024-2025

Ranked by the number of SYSCO CORP. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 491,226,100 shares outstanding at the time of that meeting.

Top SYSCO CORP. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 12.99%
2Capital Group 6.96%
3BlackRock 6.06%
4State Street 5.48%
5Invesco 5.36%
6Fidelity 4.35%
7Parnassus 3.00%
8GEODE CAPITAL MANAGEMENT, LLC 2.39%
9Capital Research Global Investors 1.44%
10Charles Schwab 1.22%

Reported SYSCO CORP. ownership

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

SYSCO CORP. beneficial owners on record for the 2024-2025 proxy season
Holder % outstanding Disclosure
Vanguard Group 12.51% 13F
BlackRock 7.84% 13F
State Street 5.40% 13F
Invesco 3.48% 13F
Geode Capital 2.52% 13F
FMR (Fidelity) 1.34% 13F
Norges Bank 1.26% 13F
Northern Trust 1.19% 13F
Morgan Stanley 1.15% 13F
BNY Mellon 1.05% 13F

Percentages above are of 491,226,100 shares outstanding, as reported by SYSCO CORP. on its Form 10-Q dated 2024-10-11 (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 SYSCO CORP.’s 10-Q dated 2024-10-11. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At SYSCO CORP.'s shareholder meeting held 2024-11-15, in the 2024-2025 proxy season, 1,122 asset managers reported how they voted in their SEC Form N-PX filings, covering 14,143 separate fund positions. Their filings are grouped here into 25 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 — To approve, by advisory vote, the compensation paid to Sysco's named executive officers, as… — FOR was 94% 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: SYSCO CORP.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

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