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Home › Companies › TIM SA › 2023-2024

TIM SA 2023-2024 Proxy Voting Records

At TIM SA's shareholder meeting held March 28, 2024, in the 2023-2024 proxy season, 79 asset managers reported how they voted in their SEC Form N-PX filings, covering 2,141 separate fund positions. Their filings are grouped here into 37 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Approve Remuneration of Company's Management, Committee Members, and Fiscal Council — the reporting funds and managers cast 66% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 37Reported items
  • 79Asset managers
  • 2,141Fund votes
  • March 28, 2024Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from TIM SA has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

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

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

Explore TIM SA in the interactive database Compare manager voting policies

How asset managers voted at the TIM SA 2023-2024 meeting

Each item below shows how the 79 asset managers that disclosed a TIM SA 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 TIM SA’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. Elect Fiscal Council Members

No official resultsCOMPENSATIONCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 49 asset managers

The 49 asset managers below reported 103,889,776 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 103,889,776
Largest asset managers voting on “Elect Fiscal Council Members” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,706,8250 00For
Vanguard20,628,5010 00For
BlackRock12,312,0360 00For
Dimensional5,307,6200 00For
Fidelity4,918,3830 00For
EMERGING MARKETS GROWTH FUND INC4,914,7410 00For
Victory Capital4,458,4000 00For
Goldman Sachs4,200,5000 00For
TIAA1,675,2150 00For
Delaware/Macquarie1,399,8230 00For
AIG/SunAmerica1,292,2870 00For
Thrivent1,010,7000 00For
Invesco815,3320 00For
GMO757,3670 00For
State Street637,9360 00For
Voya634,6230 00For
AllianceBernstein562,9000 00For
First Trust466,7040 00For
Lincoln Financial359,6270 00For
Northern Trust335,1950 00For
AMERICAN BEACON FUNDS279,2680 00For
Eaton Vance239,5250 00For
Catholic Responsible Investments Funds230,4000 00For
HC CAPITAL TRUST203,7020 00For
Prudential/PGIM197,0000 00For

Showing the 25 largest of 49 asset managers. All 49 are in the interactive database (link above).

2. Ratify Gigliola Bonino as Director

63% Fund and manager reports combined; may count the same shares twice · no official result

FORAGAINST
Details: votes by 49 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 47 asset managers voting on “Ratify Gigliola Bonino as Director” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,706,8250 00For
Vanguard020,628,501 00Against
BlackRock12,312,0360 00For
Dimensional05,307,620 00Against
Fidelity04,918,383 00Against
EMERGING MARKETS GROWTH FUND INC4,914,7410 00For
Victory Capital04,458,400 00Against
Goldman Sachs04,200,500 00Against
TIAA01,675,215 00Against
Delaware/Macquarie01,399,823 00Against
AIG/SunAmerica01,292,287 00Against
Thrivent01,010,700 00Against
Invesco815,007325 00For
GMO0757,367 00Against
State Street637,9360 00For
Voya0634,623 00Against
AllianceBernstein562,9000 00For
First Trust0466,704 00Against
Lincoln Financial54,927304,700 00Mixed
Northern Trust0335,195 00Against
AMERICAN BEACON FUNDS0279,268 00Against
Eaton Vance0239,525 00Against
Catholic Responsible Investments Funds0230,400 00Against
HC CAPITAL TRUST0203,702 00Against
Prudential/PGIM0197,000 00Against

Fund voting reports, all 47 managers: 54,070,813 for, 49,818,219 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Ratify Gigliola Bonino as Director” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
RWC Asset Management LLP31,201,1850 00For
Warren Street Wealth Advisors, LLC1440 00For

Institutional-manager reports, all 2 managers: 31,201,329 for.

3. As an Ordinary Shareholder, Would You Like to Request a Separate Election of a Member of the Fiscal Council, Under the…

44% Fund and manager reports combined; may count the same shares twice · no official result

FORAGAINSTABSTAIN
Details: description as filed, votes by 42 asset managers

Description as filed by funds: As an Ordinary Shareholder, Would You Like to Request a Separate Election of a Member of the Fiscal Council, Under the Terms of Article 161 of the Brazilian Corporate Law?

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 41 asset managers voting on “As an Ordinary Shareholder, Would You Like to Request a Separate Election of a Member of the Fiscal Council, U” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group034,706,825 00Against
Vanguard00 20,383,4890Abstain
BlackRock00 12,312,0360Abstain
Dimensional00 5,297,5660Abstain
Fidelity00 4,918,3830Abstain
EMERGING MARKETS GROWTH FUND INC04,914,741 00Against
Victory Capital00 4,458,4000Abstain
Goldman Sachs00 4,200,5000Abstain
TIAA00 1,675,2150Abstain
AIG/SunAmerica00 1,292,2870Abstain
Thrivent00 1,010,7000Abstain
Invesco00 815,0070Abstain
GMO00 730,0330Abstain
Voya00 593,7670Abstain
AllianceBernstein00 562,9000Abstain
Lincoln Financial037,300 322,3270Mixed
Northern Trust00 335,1950Abstain
First Trust00 298,1500Abstain
State Street0292,041 00Against
AMERICAN BEACON FUNDS00 279,2680Abstain
Eaton Vance00 239,5250Abstain
Catholic Responsible Investments Funds00 230,4000Abstain
HC CAPITAL TRUST00 203,7020Abstain
Columbia Threadneedle00 194,0440Abstain
Prudential/PGIM00 189,9280Abstain

Fund voting reports, all 41 managers: 39,950,907 against, 61,417,905 abstained. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 1 asset manager voting on “As an Ordinary Shareholder, Would You Like to Request a Separate Election of a Member of the Fiscal Council, U” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
RWC Asset Management LLP31,201,1850 00For

Institutional-manager reports, all 1 managers: 31,201,185 for.

4. To ratify the appointment of the Company's Board of Directors' Member, previously appointed at the Board of Directors'…

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

21% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 17 asset managers

Description as filed by funds: To ratify the appointment of the Company's Board of Directors' Member, previously appointed at the Board of Directors' Meeting held on July 31st, 2023.

The 17 asset managers below reported 707,019 for, 2,589,312 against, 18,592 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 707,019AGAINST: 2,589,312ABSTAIN: 18,592
Largest asset managers voting on “To ratify the appointment of the Company's Board of Directors' Member, previously appointed at the Board of Di” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan01,781,144 00Against
ETF Series Solutions38,985521,272 00Mixed
Jackson National317,548152,851 00Mixed
John Hancock28,020124,253 00Mixed
Gabelli84,2780 00For
Advisors' Inner Circle Fund III76,1000 00For
RBB FUND, INC.66,6030 00For
Amplify ETF Trust54,2000 00For
WILSHIRE MUTUAL FUNDS INC30,5000 00For
Tidal ETF Trust00 18,5920Abstain
GPS Funds I09,792 00Against
TRUST FOR PROFESSIONAL MANAGERS8,0560 00For
Pacer Funds Trust1,6230 00For
Series Portfolios Trust7840 00For
Northern Lights Fund Trust IV2040 00For
CITY NATIONAL ROCHDALE FUNDS1180 00For
CANTOR SELECT PORTFOLIOS TRUST00 00--

5. Approve Recasting of Votes for Amended Supervisory Council Slate

No official resultsDIRECTOR ELECTIONS

17% of fund votes cast · no official result

FORAGAINST
Details: votes by 13 asset managers

The 13 asset managers below reported 1,891,289 for, 8,971,537 against, 27,200 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,891,289AGAINST: 8,971,537NOT VOTED: 27,200
Largest asset managers voting on “Approve Recasting of Votes for Amended Supervisory Council Slate” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
BRANDES INVESTMENT TRUST03,647,300 00Against
SEI02,524,543 00Against
Charles Schwab01,418,073 00Against
Transamerica915,1000 00For
Mercer Funds0818,000 00Against
Vanguard610,4890 00For
Russell Investments0537,623 00Against
Hartford258,4000 00For
Prudential/PGIM84,5000 00For
Putnam00 00Not Voted
Goldman Sachs22,8000 00For
Federated Hermes014,437 00Against
Advisors' Inner Circle Fund III011,561 00Against

6. Election of Supervisory Council

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 10,862,826 for, 27,200 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,862,826NOT VOTED: 27,200
Largest asset managers voting on “Election of Supervisory Council” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
BRANDES INVESTMENT TRUST3,647,3000 00For
SEI2,524,5430 00For
Charles Schwab1,418,0730 00For
Transamerica915,1000 00For
Mercer Funds818,0000 00For
Vanguard610,4890 00For
Russell Investments537,6230 00For
Hartford258,4000 00For
Prudential/PGIM84,5000 00For
Putnam00 00Not Voted
Goldman Sachs22,8000 00For
Federated Hermes14,4370 00For
Advisors' Inner Circle Fund III11,5610 00For

7. Ratify Co-Option of Gigliola Bonino

No official resultsDIRECTOR ELECTIONS

99.8% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 10,848,389 for, 14,437 against, 27,200 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,848,389AGAINST: 14,437NOT VOTED: 27,200
Largest asset managers voting on “Ratify Co-Option of Gigliola Bonino” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
BRANDES INVESTMENT TRUST3,647,3000 00For
SEI2,524,5430 00For
Charles Schwab1,418,0730 00For
Transamerica915,1000 00For
Mercer Funds818,0000 00For
Vanguard610,4890 00For
Russell Investments537,6230 00For
Hartford258,4000 00For
Prudential/PGIM84,5000 00For
Putnam00 00Not Voted
Goldman Sachs22,8000 00For
Federated Hermes014,437 00Against
Advisors' Inner Circle Fund III11,5610 00For

8. Request Separate Election for Supervisory Council Member (Minority/Preferred)

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

78% of fund votes cast · no official result

FORABSTAIN
Details: votes by 13 asset managers

The 13 asset managers below reported 1,891,289 for, 537,623 against, 8,433,914 abstained, 27,200 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,891,289AGAINST: 537,623ABSTAIN: 8,433,914NOT VOTED: 27,200
Largest asset managers voting on “Request Separate Election for Supervisory Council Member (Minority/Preferred)” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
BRANDES INVESTMENT TRUST00 3,647,3000Abstain
SEI00 2,524,5430Abstain
Charles Schwab00 1,418,0730Abstain
Transamerica915,1000 00For
Mercer Funds00 818,0000Abstain
Vanguard610,4890 00For
Russell Investments0537,623 00Against
Hartford258,4000 00For
Prudential/PGIM84,5000 00For
Putnam00 00Not Voted
Goldman Sachs22,8000 00For
Federated Hermes00 14,4370Abstain
Advisors' Inner Circle Fund III00 11,5610Abstain

9. To elect the regular and alternate members of the Fiscal Council of the Company: Single Slate: Walmir Urbano Kesseli…

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: To elect the regular and alternate members of the Fiscal Council of the Company: Single Slate: Walmir Urbano Kesseli (regular) / Carlos Eduardo do Nascimento (alternate); Heloisa Belotti Bedicks (regular)/ Ana Maria Gati (alternate); Heinz Egon Lowen (regular)/ Arthur Piotto Filho (alternate)

The 10 asset managers below reported 417,812 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 417,812
Largest asset managers voting on “To elect the regular and alternate members of the Fiscal Council of the Company: Single Slate: Walmir Urbano K” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan201,9460 00For
Gabelli84,2780 00For
RBB FUND, INC.66,6030 00For
Amplify ETF Trust54,2000 00For
TRUST FOR PROFESSIONAL MANAGERS8,0560 00For
Pacer Funds Trust1,6230 00For
Series Portfolios Trust7840 00For
Northern Lights Fund Trust IV2040 00For
CITY NATIONAL ROCHDALE FUNDS1180 00For
CANTOR SELECT PORTFOLIOS TRUST00 00--

10. DO YOU WISH TO REQUEST THE SEPARATE ELECTION OF A MEMBER OF THE FISCAL COUNCIL, PURSUANT TO ART. 161, 4, A, OF LAW…

No official resultsSHAREHOLDER RIGHTS AND DEFENSESCORPORATE GOVERNANCE

75% of fund votes cast · no official result

ABSTAIN
Details: description as filed, votes by 8 asset managers

Description as filed by funds: DO YOU WISH TO REQUEST THE SEPARATE ELECTION OF A MEMBER OF THE FISCAL COUNCIL, PURSUANT TO ART. 161, 4, A, OF LAW 6,4041976. IF YOU CHOOSE TO REJECT OR ABSTAIN, YOUR SHARES WILL NOT BE COMPUTED FOR THE PURPOSE OF REQUESTING THE SEPARATE ELECTION OF A MEMBER OF THE FISCAL COUNCIL

The 8 asset managers below reported 312,451 for, 104,120 against, 2,480,540 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 312,451AGAINST: 104,120ABSTAIN: 2,480,540
Largest asset managers voting on “DO YOU WISH TO REQUEST THE SEPARATE ELECTION OF A MEMBER OF THE FISCAL COUNCIL, PURSUANT TO ART. 161, 4, A, OF” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan00 1,579,1980Abstain
ETF Series Solutions00 560,2570Abstain
Jackson National293,8590 176,5400Mixed
John Hancock028,020 124,2530Mixed
Advisors' Inner Circle Fund III076,100 00Against
WILSHIRE MUTUAL FUNDS INC00 30,5000Abstain
Tidal ETF Trust18,5920 00For
GPS Funds I00 9,7920Abstain

11. ELECTION OF THE FISCAL BOARD BY SINGLE GROUP OF CANDIDATES. NOMINATION OF ALL THE NAMES THAT COMPOSE THE SLATE. WALMIR…

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 8 asset managers

Description as filed by funds: ELECTION OF THE FISCAL BOARD BY SINGLE GROUP OF CANDIDATES. NOMINATION OF ALL THE NAMES THAT COMPOSE THE SLATE. WALMIR URBANO KESSELI CARLOS EDUARDO DO NASCIMENTO, HELOISA BELOTTI BEDICKS ANA MARIA GATI AND HEINZ EGON LOWEN ARTHUR PIOTTO FILHO

The 8 asset managers below reported 2,897,111 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,897,111
Largest asset managers voting on “ELECTION OF THE FISCAL BOARD BY SINGLE GROUP OF CANDIDATES. NOMINATION OF ALL THE NAMES THAT COMPOSE THE SLATE” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan1,579,1980 00For
ETF Series Solutions560,2570 00For
Jackson National470,3990 00For
John Hancock152,2730 00For
Advisors' Inner Circle Fund III76,1000 00For
WILSHIRE MUTUAL FUNDS INC30,5000 00For
Tidal ETF Trust18,5920 00For
GPS Funds I9,7920 00For

12. To resolve on the proposal for the extension of the Cooperation and Support Agreement, through the execution of its…

No official resultsEXTRAORDINARY TRANSACTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 17 asset managers

Description as filed by funds: To resolve on the proposal for the extension of the Cooperation and Support Agreement, through the execution of its 17th amendment, to be entered into between Telecom Italia S.p.A., on the one hand, and the Company, on the other hand.

The 17 asset managers below reported 3,314,923 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,314,923
Largest asset managers voting on “To resolve on the proposal for the extension of the Cooperation and Support Agreement, through the execution o” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan1,781,1440 00For
ETF Series Solutions560,2570 00For
Jackson National470,3990 00For
John Hancock152,2730 00For
Gabelli84,2780 00For
Advisors' Inner Circle Fund III76,1000 00For
RBB FUND, INC.66,6030 00For
Amplify ETF Trust54,2000 00For
WILSHIRE MUTUAL FUNDS INC30,5000 00For
Tidal ETF Trust18,5920 00For
GPS Funds I9,7920 00For
TRUST FOR PROFESSIONAL MANAGERS8,0560 00For
Pacer Funds Trust1,6230 00For
Series Portfolios Trust7840 00For
Northern Lights Fund Trust IV2040 00For
CITY NATIONAL ROCHDALE FUNDS1180 00For
CANTOR SELECT PORTFOLIOS TRUST00 00--

13. Extension of Cooperation and Support Agreement

No official resultsEXTRAORDINARY TRANSACTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 10,862,826 for, 27,200 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,862,826NOT VOTED: 27,200
Largest asset managers voting on “Extension of Cooperation and Support Agreement” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
BRANDES INVESTMENT TRUST3,647,3000 00For
SEI2,524,5430 00For
Charles Schwab1,418,0730 00For
Transamerica915,1000 00For
Mercer Funds818,0000 00For
Vanguard610,4890 00For
Russell Investments537,6230 00For
Hartford258,4000 00For
Prudential/PGIM84,5000 00For
Putnam00 00Not Voted
Goldman Sachs22,8000 00For
Federated Hermes14,4370 00For
Advisors' Inner Circle Fund III11,5610 00For

14. Amend Articles and Consolidate Bylaws

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 49 asset managers

The 49 asset managers below reported 103,889,208 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 103,889,208
Largest asset managers voting on “Amend Articles and Consolidate Bylaws” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,706,8250 00For
Vanguard20,628,5010 00For
BlackRock12,312,0360 00For
Dimensional5,307,6200 00For
Fidelity4,918,3830 00For
EMERGING MARKETS GROWTH FUND INC4,914,7410 00For
Victory Capital4,458,4000 00For
Goldman Sachs4,200,5000 00For
TIAA1,675,2150 00For
Delaware/Macquarie1,399,8230 00For
AIG/SunAmerica1,292,2870 00For
Thrivent1,010,7000 00For
Invesco815,3320 00For
GMO757,3670 00For
State Street637,9360 00For
Voya634,6230 00For
AllianceBernstein562,9000 00For
First Trust466,7040 00For
Lincoln Financial359,6270 00For
Northern Trust335,1950 00For
AMERICAN BEACON FUNDS279,2680 00For
Eaton Vance239,5250 00For
Catholic Responsible Investments Funds230,4000 00For
HC CAPITAL TRUST203,7020 00For
Prudential/PGIM197,0000 00For

Showing the 25 largest of 49 asset managers. All 49 are in the interactive database (link above).

15. In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Under…

42% Fund and manager reports combined; may count the same shares twice · no official result

FORAGAINST
Details: description as filed, votes by 49 asset managers

Description as filed by funds: In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Under Articles 161 and 240 of the Brazilian Corporate Law, May Your Votes Still Be Counted for the Proposed Slate?

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 47 asset managers voting on “In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Un” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,706,8250 00For
Vanguard020,628,501 00Against
BlackRock012,312,036 00Against
Dimensional05,307,620 00Against
Fidelity04,918,383 00Against
EMERGING MARKETS GROWTH FUND INC4,914,7410 00For
Victory Capital04,458,400 00Against
Goldman Sachs04,200,500 00Against
TIAA01,675,215 00Against
Delaware/Macquarie01,399,823 00Against
AIG/SunAmerica01,292,287 00Against
Thrivent01,010,700 00Against
Invesco0815,332 00Against
GMO0757,367 00Against
State Street0637,936 00Against
Voya0634,623 00Against
AllianceBernstein0562,900 00Against
First Trust0466,704 00Against
Lincoln Financial0359,627 00Against
Northern Trust0335,195 00Against
AMERICAN BEACON FUNDS0279,268 00Against
Eaton Vance0239,525 00Against
Catholic Responsible Investments Funds0230,400 00Against
HC CAPITAL TRUST0203,702 00Against
Prudential/PGIM0197,000 00Against

Fund voting reports, all 47 managers: 39,621,566 for, 64,267,466 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Un” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
RWC Asset Management LLP7,862,9560 00For
Warren Street Wealth Advisors, LLC1440 00For

Institutional-manager reports, all 2 managers: 7,863,100 for.

16. If one of the candidates of the slate leaves it, to accommodate the separate election referred to in articles 161…

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

Combines 2 wordings of this item as funds reported it.

15% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 17 asset managers

Description as filed by funds: If one of the candidates of the slate leaves it, to accommodate the separate election referred to in articles 161, paragraph 4, and 240 of Law 6404, of 1976, can the votes corresponding to your shares continue to be conferred to the same slate?

The 17 asset managers below reported 510,342 for, 2,804,581 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 510,342AGAINST: 2,804,581
Largest asset managers voting on “If one of the candidates of the slate leaves it, to accommodate the separate election referred to in articles ” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan01,781,144 00Against
ETF Series Solutions0560,257 00Against
Jackson National293,859176,540 00Mixed
John Hancock0152,273 00Against
Gabelli084,278 00Against
Advisors' Inner Circle Fund III76,1000 00For
RBB FUND, INC.66,6030 00For
Amplify ETF Trust54,2000 00For
WILSHIRE MUTUAL FUNDS INC030,500 00Against
Tidal ETF Trust18,5920 00For
GPS Funds I09,792 00Against
TRUST FOR PROFESSIONAL MANAGERS08,056 00Against
Pacer Funds Trust01,623 00Against
Series Portfolios Trust7840 00For
Northern Lights Fund Trust IV2040 00For
CITY NATIONAL ROCHDALE FUNDS0118 00Against
CANTOR SELECT PORTFOLIOS TRUST00 00--

17. To resolve on the amendment and restatement of the Company's By-laws

No official resultsCORPORATE GOVERNANCE

Combines 3 wordings of this item as funds reported it.

98% of fund votes cast · no official result

FOR
Details: votes by 17 asset managers

The 17 asset managers below reported 3,238,823 for, 76,100 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,238,823AGAINST: 76,100
Largest asset managers voting on “To resolve on the amendment and restatement of the Company's By-laws” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan1,781,1440 00For
ETF Series Solutions560,2570 00For
Jackson National470,3990 00For
John Hancock152,2730 00For
Gabelli84,2780 00For
Advisors' Inner Circle Fund III076,100 00Against
RBB FUND, INC.66,6030 00For
Amplify ETF Trust54,2000 00For
WILSHIRE MUTUAL FUNDS INC30,5000 00For
Tidal ETF Trust18,5920 00For
GPS Funds I9,7920 00For
TRUST FOR PROFESSIONAL MANAGERS8,0560 00For
Pacer Funds Trust1,6230 00For
Series Portfolios Trust7840 00For
Northern Lights Fund Trust IV2040 00For
CITY NATIONAL ROCHDALE FUNDS1180 00For
CANTOR SELECT PORTFOLIOS TRUST00 00--

18. Amendments to Articles

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 10,862,826 for, 27,200 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,862,826NOT VOTED: 27,200
Largest asset managers voting on “Amendments to Articles” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
BRANDES INVESTMENT TRUST3,647,3000 00For
SEI2,524,5430 00For
Charles Schwab1,418,0730 00For
Transamerica915,1000 00For
Mercer Funds818,0000 00For
Vanguard610,4890 00For
Russell Investments537,6230 00For
Hartford258,4000 00For
Prudential/PGIM84,5000 00For
Putnam00 00Not Voted
Goldman Sachs22,8000 00For
Federated Hermes14,4370 00For
Advisors' Inner Circle Fund III11,5610 00For

19. Approve Prolonging of Cooperation and Support Agreement between Telecom Italia S.p.A and TIM S.A.

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 49 asset managers

The 49 asset managers below reported 103,889,208 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 103,889,208
Largest asset managers voting on “Approve Prolonging of Cooperation and Support Agreement between Telecom Italia S.p.A and TIM S.A.” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,706,8250 00For
Vanguard20,628,5010 00For
BlackRock12,312,0360 00For
Dimensional5,307,6200 00For
Fidelity4,918,3830 00For
EMERGING MARKETS GROWTH FUND INC4,914,7410 00For
Victory Capital4,458,4000 00For
Goldman Sachs4,200,5000 00For
TIAA1,675,2150 00For
Delaware/Macquarie1,399,8230 00For
AIG/SunAmerica1,292,2870 00For
Thrivent1,010,7000 00For
Invesco815,3320 00For
GMO757,3670 00For
State Street637,9360 00For
Voya634,6230 00For
AllianceBernstein562,9000 00For
First Trust466,7040 00For
Lincoln Financial359,6270 00For
Northern Trust335,1950 00For
AMERICAN BEACON FUNDS279,2680 00For
Eaton Vance239,5250 00For
Catholic Responsible Investments Funds230,4000 00For
HC CAPITAL TRUST203,7020 00For
Prudential/PGIM197,0000 00For

Showing the 25 largest of 49 asset managers. All 49 are in the interactive database (link above).

20. Fix Number of Fiscal Council Members at Three

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 49 asset managers

The 49 asset managers below reported 103,889,208 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 103,889,208
Largest asset managers voting on “Fix Number of Fiscal Council Members at Three” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,706,8250 00For
Vanguard20,628,5010 00For
BlackRock12,312,0360 00For
Dimensional5,307,6200 00For
Fidelity4,918,3830 00For
EMERGING MARKETS GROWTH FUND INC4,914,7410 00For
Victory Capital4,458,4000 00For
Goldman Sachs4,200,5000 00For
TIAA1,675,2150 00For
Delaware/Macquarie1,399,8230 00For
AIG/SunAmerica1,292,2870 00For
Thrivent1,010,7000 00For
Invesco815,3320 00For
GMO757,3670 00For
State Street637,9360 00For
Voya634,6230 00For
AllianceBernstein562,9000 00For
First Trust466,7040 00For
Lincoln Financial359,6270 00For
Northern Trust335,1950 00For
AMERICAN BEACON FUNDS279,2680 00For
Eaton Vance239,5250 00For
Catholic Responsible Investments Funds230,4000 00For
HC CAPITAL TRUST203,7020 00For
Prudential/PGIM197,0000 00For

Showing the 25 largest of 49 asset managers. All 49 are in the interactive database (link above).

21. To resolve on the composition of the Fiscal Council of the Company.

No official resultsSHAREHOLDER RIGHTS AND DEFENSESCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 17 asset managers

The 17 asset managers below reported 3,314,923 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,314,923
Largest asset managers voting on “To resolve on the composition of the Fiscal Council of the Company.” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan1,781,1440 00For
ETF Series Solutions560,2570 00For
Jackson National470,3990 00For
John Hancock152,2730 00For
Gabelli84,2780 00For
Advisors' Inner Circle Fund III76,1000 00For
RBB FUND, INC.66,6030 00For
Amplify ETF Trust54,2000 00For
WILSHIRE MUTUAL FUNDS INC30,5000 00For
Tidal ETF Trust18,5920 00For
GPS Funds I9,7920 00For
TRUST FOR PROFESSIONAL MANAGERS8,0560 00For
Pacer Funds Trust1,6230 00For
Series Portfolios Trust7840 00For
Northern Lights Fund Trust IV2040 00For
CITY NATIONAL ROCHDALE FUNDS1180 00For
CANTOR SELECT PORTFOLIOS TRUST00 00--

22. Supervisory Council Size

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 10,862,826 for, 27,200 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,862,826NOT VOTED: 27,200
Largest asset managers voting on “Supervisory Council Size” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
BRANDES INVESTMENT TRUST3,647,3000 00For
SEI2,524,5430 00For
Charles Schwab1,418,0730 00For
Transamerica915,1000 00For
Mercer Funds818,0000 00For
Vanguard610,4890 00For
Russell Investments537,6230 00For
Hartford258,4000 00For
Prudential/PGIM84,5000 00For
Putnam00 00Not Voted
Goldman Sachs22,8000 00For
Federated Hermes14,4370 00For
Advisors' Inner Circle Fund III11,5610 00For

23. Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2023

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 49 asset managers

The 49 asset managers below reported 91,500,063 for, 12,389,145 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 91,500,063ABSTAIN: 12,389,145
Largest asset managers voting on “Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2023” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,706,8250 00For
Vanguard20,628,5010 00For
BlackRock00 12,312,0360Abstain
Dimensional5,307,6200 00For
Fidelity4,918,3830 00For
EMERGING MARKETS GROWTH FUND INC4,914,7410 00For
Victory Capital4,458,4000 00For
Goldman Sachs4,200,5000 00For
TIAA1,675,2150 00For
Delaware/Macquarie1,399,8230 00For
AIG/SunAmerica1,292,2870 00For
Thrivent1,010,7000 00For
Invesco815,3320 00For
GMO757,3670 00For
State Street637,9360 00For
Voya634,6230 00For
AllianceBernstein562,9000 00For
First Trust466,7040 00For
Lincoln Financial342,0000 17,6270For
Northern Trust335,1950 00For
AMERICAN BEACON FUNDS279,2680 00For
Eaton Vance239,5250 00For
Catholic Responsible Investments Funds230,4000 00For
HC CAPITAL TRUST203,7020 00For
Prudential/PGIM197,0000 00For

Showing the 25 largest of 49 asset managers. All 49 are in the interactive database (link above).

24. Approve Allocation of Income and Dividends

78% Fund and manager reports combined; may count the same shares twice · no official result

FORAGAINST
Details: votes by 49 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 47 asset managers voting on “Approve Allocation of Income and Dividends” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,706,8250 00For
Vanguard20,628,5010 00For
BlackRock12,312,0360 00For
Dimensional5,307,6200 00For
Fidelity4,918,3830 00For
EMERGING MARKETS GROWTH FUND INC4,914,7410 00For
Victory Capital4,458,4000 00For
Goldman Sachs4,200,5000 00For
TIAA1,675,2150 00For
Delaware/Macquarie1,399,8230 00For
AIG/SunAmerica1,292,2870 00For
Thrivent1,010,7000 00For
Invesco815,3320 00For
GMO757,3670 00For
State Street637,9360 00For
Voya634,6230 00For
AllianceBernstein562,9000 00For
First Trust466,7040 00For
Lincoln Financial359,6270 00For
Northern Trust335,1950 00For
AMERICAN BEACON FUNDS279,2680 00For
Eaton Vance239,5250 00For
Catholic Responsible Investments Funds230,4000 00For
HC CAPITAL TRUST203,7020 00For
Prudential/PGIM197,0000 00For

Fund voting reports, all 47 managers: 103,889,032 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Approve Allocation of Income and Dividends” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
RWC Asset Management LLP029,642,743 00Against
Warren Street Wealth Advisors, LLC1440 00For

Institutional-manager reports, all 2 managers: 144 for, 29,642,743 against.

25. To resolve on the management's proposal for the allocation of the results of the 2023 fiscal year and the distribution…

No official resultsCAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 17 asset managers

Description as filed by funds: To resolve on the management's proposal for the allocation of the results of the 2023 fiscal year and the distribution of dividends by the Company.

The 17 asset managers below reported 3,314,923 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,314,923
Largest asset managers voting on “To resolve on the management's proposal for the allocation of the results of the 2023 fiscal year and the dist” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan1,781,1440 00For
ETF Series Solutions560,2570 00For
Jackson National470,3990 00For
John Hancock152,2730 00For
Gabelli84,2780 00For
Advisors' Inner Circle Fund III76,1000 00For
RBB FUND, INC.66,6030 00For
Amplify ETF Trust54,2000 00For
WILSHIRE MUTUAL FUNDS INC30,5000 00For
Tidal ETF Trust18,5920 00For
GPS Funds I9,7920 00For
TRUST FOR PROFESSIONAL MANAGERS8,0560 00For
Pacer Funds Trust1,6230 00For
Series Portfolios Trust7840 00For
Northern Lights Fund Trust IV2040 00For
CITY NATIONAL ROCHDALE FUNDS1180 00For
CANTOR SELECT PORTFOLIOS TRUST00 00--

26. To resolve on the management's report and the financial statements of the Company for the fiscal year ended on December…

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 17 asset managers

Description as filed by funds: To resolve on the management's report and the financial statements of the Company for the fiscal year ended on December 31st, 2023.

The 17 asset managers below reported 3,291,234 for, 23,689 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,291,234ABSTAIN: 23,689
Largest asset managers voting on “To resolve on the management's report and the financial statements of the Company for the fiscal year ended on” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan1,781,1440 00For
ETF Series Solutions560,2570 00For
Jackson National446,7100 23,6890Mixed
John Hancock152,2730 00For
Gabelli84,2780 00For
Advisors' Inner Circle Fund III76,1000 00For
RBB FUND, INC.66,6030 00For
Amplify ETF Trust54,2000 00For
WILSHIRE MUTUAL FUNDS INC30,5000 00For
Tidal ETF Trust18,5920 00For
GPS Funds I9,7920 00For
TRUST FOR PROFESSIONAL MANAGERS8,0560 00For
Pacer Funds Trust1,6230 00For
Series Portfolios Trust7840 00For
Northern Lights Fund Trust IV2040 00For
CITY NATIONAL ROCHDALE FUNDS1180 00For
CANTOR SELECT PORTFOLIOS TRUST00 00--

27. Accounts and Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 10,862,826 for, 27,200 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,862,826NOT VOTED: 27,200
Largest asset managers voting on “Accounts and Reports” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
BRANDES INVESTMENT TRUST3,647,3000 00For
SEI2,524,5430 00For
Charles Schwab1,418,0730 00For
Transamerica915,1000 00For
Mercer Funds818,0000 00For
Vanguard610,4890 00For
Russell Investments537,6230 00For
Hartford258,4000 00For
Prudential/PGIM84,5000 00For
Putnam00 00Not Voted
Goldman Sachs22,8000 00For
Federated Hermes14,4370 00For
Advisors' Inner Circle Fund III11,5610 00For

28. Allocation of Profits/Dividends

No official resultsCAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 10,862,826 for, 27,200 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,862,826NOT VOTED: 27,200
Largest asset managers voting on “Allocation of Profits/Dividends” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
BRANDES INVESTMENT TRUST3,647,3000 00For
SEI2,524,5430 00For
Charles Schwab1,418,0730 00For
Transamerica915,1000 00For
Mercer Funds818,0000 00For
Vanguard610,4890 00For
Russell Investments537,6230 00For
Hartford258,4000 00For
Prudential/PGIM84,5000 00For
Putnam00 00Not Voted
Goldman Sachs22,8000 00For
Federated Hermes14,4370 00For
Advisors' Inner Circle Fund III11,5610 00For

29. Approve Remuneration of Company's Management, Committee Members, and Fiscal Council

66% Fund and manager reports combined; may count the same shares twice · no official result

FORAGAINST
Details: votes by 50 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 47 asset managers voting on “Approve Remuneration of Company's Management, Committee Members, and Fiscal Council” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,706,8250 00For
Vanguard20,628,5010 00For
BlackRock12,312,0360 00For
Dimensional05,307,620 00Against
Fidelity04,918,383 00Against
EMERGING MARKETS GROWTH FUND INC4,914,7410 00For
Victory Capital04,458,400 00Against
Goldman Sachs04,200,500 00Against
TIAA01,675,215 00Against
Delaware/Macquarie01,399,823 00Against
AIG/SunAmerica01,292,287 00Against
Thrivent01,010,700 00Against
Invesco0815,332 00Against
GMO0757,367 00Against
State Street0637,936 00Against
Voya0634,623 00Against
AllianceBernstein0562,900 00Against
First Trust0466,704 00Against
Lincoln Financial17,627342,000 00Against
Northern Trust0335,195 00Against
AMERICAN BEACON FUNDS0279,268 00Against
Eaton Vance0239,525 00Against
Catholic Responsible Investments Funds0230,400 00Against
HC CAPITAL TRUST0203,702 00Against
Prudential/PGIM0197,000 00Against

Fund voting reports, all 47 managers: 72,657,739 for, 31,231,293 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 3 asset managers voting on “Approve Remuneration of Company's Management, Committee Members, and Fiscal Council” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
APG Asset Management US Inc.06,491,565 00Against
RWC Asset Management LLP16,8000 00For
Warren Street Wealth Advisors, LLC1440 00For

Institutional-manager reports, all 3 managers: 16,944 for, 6,491,565 against.

30. Approve Long-Term Incentive Plan

38% of fund votes cast · no official result

FORAGAINST
Details: votes by 49 asset managers

The 49 asset managers below reported 39,835,835 for, 64,070,141 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 39,835,835AGAINST: 64,070,141
Largest asset managers voting on “Approve Long-Term Incentive Plan” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,706,8250 00For
Vanguard020,628,501 00Against
BlackRock012,312,036 00Against
Dimensional05,307,620 00Against
Fidelity04,918,383 00Against
EMERGING MARKETS GROWTH FUND INC4,914,7410 00For
Victory Capital04,458,400 00Against
Goldman Sachs04,200,500 00Against
TIAA01,675,215 00Against
Delaware/Macquarie01,399,823 00Against
AIG/SunAmerica01,292,287 00Against
Thrivent01,010,700 00Against
Invesco325815,007 00Against
GMO0757,367 00Against
State Street0637,936 00Against
Voya0634,623 00Against
AllianceBernstein0562,900 00Against
First Trust0466,704 00Against
Lincoln Financial0359,627 00Against
Northern Trust0335,195 00Against
AMERICAN BEACON FUNDS0279,268 00Against
Eaton Vance0239,525 00Against
Catholic Responsible Investments Funds0230,400 00Against
HC CAPITAL TRUST0203,702 00Against
Prudential/PGIM197,0000 00For

Showing the 25 largest of 49 asset managers. All 49 are in the interactive database (link above).

31. To resolve on the Company's Long-Term Incentive Plan proposal.

Combines 2 wordings of this item as funds reported it.

74% of fund votes cast · no official result

FORAGAINST
Details: votes by 17 asset managers

The 17 asset managers below reported 2,468,923 for, 846,000 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,468,923AGAINST: 846,000
Largest asset managers voting on “To resolve on the Company's Long-Term Incentive Plan proposal.” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan1,781,1440 00For
ETF Series Solutions38,985521,272 00Mixed
Jackson National361,936108,463 00Mixed
John Hancock0152,273 00Against
Gabelli84,2780 00For
Advisors' Inner Circle Fund III76,1000 00For
RBB FUND, INC.66,6030 00For
Amplify ETF Trust054,200 00Against
WILSHIRE MUTUAL FUNDS INC30,5000 00For
Tidal ETF Trust18,5920 00For
GPS Funds I09,792 00Against
TRUST FOR PROFESSIONAL MANAGERS8,0560 00For
Pacer Funds Trust1,6230 00For
Series Portfolios Trust7840 00For
Northern Lights Fund Trust IV2040 00For
CITY NATIONAL ROCHDALE FUNDS1180 00For
CANTOR SELECT PORTFOLIOS TRUST00 00--

32. Approval of the Long-Term Incentive Plan

99.8% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 10,848,389 for, 14,437 against, 27,200 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,848,389AGAINST: 14,437NOT VOTED: 27,200
Largest asset managers voting on “Approval of the Long-Term Incentive Plan” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
BRANDES INVESTMENT TRUST3,647,3000 00For
SEI2,524,5430 00For
Charles Schwab1,418,0730 00For
Transamerica915,1000 00For
Mercer Funds818,0000 00For
Vanguard610,4890 00For
Russell Investments537,6230 00For
Hartford258,4000 00For
Prudential/PGIM84,5000 00For
Putnam00 00Not Voted
Goldman Sachs22,8000 00For
Federated Hermes014,437 00Against
Advisors' Inner Circle Fund III11,5610 00For

33. To resolve on the compensation proposal for the Company's management, members of Committees and members of the Fiscal…

No official resultsSECTION 14A SAY-ON-PAY VOTES

Combines 2 wordings of this item as funds reported it.

19% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 20 asset managers

Description as filed by funds: To resolve on the compensation proposal for the Company's management, members of Committees and members of the Fiscal Council of the Company for the 2024 fiscal year.

The 20 asset managers below reported 603,592 for, 2,617,332 against, 96,547 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 603,592AGAINST: 2,617,332ABSTAIN: 96,547
Largest asset managers voting on “To resolve on the compensation proposal for the Company's management, members of Committees and members of the” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan01,781,144 00Against
ETF Series Solutions38,985521,272 00Mixed
Jackson National317,548152,851 00Mixed
John Hancock0152,273 00Against
Gabelli00 84,2780Abstain
Advisors' Inner Circle Fund III76,1000 00For
RBB FUND, INC.66,6030 00For
Amplify ETF Trust54,2000 00For
WILSHIRE MUTUAL FUNDS INC30,5000 00For
Tidal ETF Trust18,5920 00For
GPS Funds I09,792 00Against
TRUST FOR PROFESSIONAL MANAGERS00 8,0560Abstain
UNITED CAPITAL FINANCIAL ADVISORS, LLC00 2,4720Abstain
Pacer Funds Trust00 1,6230Abstain
Series Portfolios Trust7840 00For
Northern Lights Fund Trust IV2040 00For
CITY NATIONAL ROCHDALE FUNDS00 1180Abstain
Clark Capital Management Group, Inc.760 00For
CANTOR SELECT PORTFOLIOS TRUST00 00--
Echo45 Advisors LLC00 00--

34. Remuneration Policy

100% of fund votes cast · no official result

FOR
Details: votes by 13 asset managers

The 13 asset managers below reported 10,824,583 for, 27,200 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 10,824,583NOT VOTED: 27,200
Largest asset managers voting on “Remuneration Policy” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
BRANDES INVESTMENT TRUST3,647,3000 00For
SEI2,486,3000 00For
Charles Schwab1,418,0730 00For
Transamerica915,1000 00For
Mercer Funds818,0000 00For
Vanguard610,4890 00For
Russell Investments537,6230 00For
Hartford258,4000 00For
Prudential/PGIM84,5000 00For
Putnam00 00Not Voted
Goldman Sachs22,8000 00For
Federated Hermes14,4370 00For
Advisors' Inner Circle Fund III11,5610 00For

35. MAR 2024: please note that this is a revision due to change of the record date from 27 MAR 2024 to 26 MAR 2024. if YOU…

— of fund votes cast · no official result

NOT VOTED
Details: description as filed, votes by 3 asset managers

Description as filed by funds: MAR 2024: PLEASE NOTE THAT THIS IS A REVISION DUE TO CHANGE OF THE RECORD DATE FROM 27 MAR 2024 TO 26 MAR 2024. IF YOU HAVE ALREADY SENT IN YOUR VOTES, PLEASE DO NOT VOTE AGAIN UNLESS YOU DECIDE TO AMEND YOUR ORIGINAL INSTRUCTIONS. THANK YOU

The 3 asset managers below reported 76,100 not voted.

NOT VOTED: 76,100
Largest asset managers voting on “MAR 2024: PLEASE NOTE THAT THIS IS A REVISION DUE TO CHANGE OF THE RECORD DATE FROM 27 MAR 2024 TO 26 MAR 2024” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Advisors' Inner Circle Fund III00 00Not Voted
ETF Series Solutions00 00--
JPMorgan00 00--

36. A beneficial owner signed power of attorney (POA) may be required to lodge voting instructions (dependent upon the…

— of fund votes cast · no official result

NOT VOTED
Details: description as filed, votes by 3 asset managers

Description as filed by funds: A BENEFICIAL OWNER SIGNED POWER OF ATTORNEY (POA) MAY BE REQUIRED TO LODGE VOTING INSTRUCTIONS (DEPENDENT UPON THE AVAILABILITY AND USAGE OF THE BRAZILIAN REMOTE VOTING PLATFORM). IF NO POA IS SUBMITTED, YOUR INSTRUCTIONS MAY BE REJECTED

The 3 asset managers below reported 76,100 not voted.

NOT VOTED: 76,100
Largest asset managers voting on “A BENEFICIAL OWNER SIGNED POWER OF ATTORNEY (POA) MAY BE REQUIRED TO LODGE VOTING INSTRUCTIONS (DEPENDENT UPON” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Advisors' Inner Circle Fund III00 00Not Voted
ETF Series Solutions00 00--
JPMorgan00 00--

37. Please note that votes 'in favor' and 'against' in the same agenda item are not allowed. only votes in favor and/or…

— of fund votes cast · no official result

NOT VOTED
Details: description as filed, votes by 3 asset managers

Description as filed by funds: PLEASE NOTE THAT VOTES 'IN FAVOR' AND 'AGAINST' IN THE SAME AGENDA ITEM ARE NOT ALLOWED. ONLY VOTES IN FAVOR AND/OR ABSTAIN OR AGAINST AND/ OR ABSTAIN ARE ALLOWED. THANK YOU

The 3 asset managers below reported 76,100 not voted.

NOT VOTED: 76,100
Largest asset managers voting on “PLEASE NOTE THAT VOTES 'IN FAVOR' AND 'AGAINST' IN THE SAME AGENDA ITEM ARE NOT ALLOWED. ONLY VOTES IN FAVOR A” at TIM SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Advisors' Inner Circle Fund III00 00Not Voted
ETF Series Solutions00 00--
JPMorgan00 00--

Largest TIM SA shareholders voting in 2023-2024

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 2,420,804,398 shares outstanding at the time of that meeting.

Fund voting reports: top TIM SA shareholders by shares voted on “Approve Remuneration of Company's Management, Committee Members, and Fiscal Council”, 2023-2024
#Asset manager % of shares outstanding
1Capital Group 1.43%
2Vanguard 0.85%
3BlackRock 0.51%
4Dimensional 0.22%
5Fidelity 0.20%
6EMERGING MARKETS GROWTH FUND INC 0.20%
7Victory Capital 0.18%
8Goldman Sachs 0.17%
9TIAA 0.07%
10Delaware/Macquarie 0.06%
Institutional-manager reports: top TIM SA shareholders by shares voted on “Approve Remuneration of Company's Management, Committee Members, and Fiscal Council”, 2023-2024
#Asset manager % of shares outstanding
1APG Asset Management US Inc. 0.27%
2RWC Asset Management LLP <0.01%
3Warren Street Wealth Advisors, LLC <0.01%

Percentages above are of 2,420,804,398 shares outstanding, as reported by TIM SA on its Form 20-F dated December 31, 2023 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

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About this page

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 TIM SA’s 20-F dated December 31, 2023. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

TIM SA proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.

Cite this page

proxyvotesnow.com, “TIM (TIMB) 2024 Annual Meeting: Shareholder Vote Results & Fund Votes”, https://proxyvotesnow.com/company/tim-sa/2024 (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.