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At TWIN DISC INC.'s shareholder meeting held October 26, 2023, in the 2023-2024 proxy season, 64 asset managers reported how they voted in their SEC Form N-PX filings, covering 381 separate fund positions. Their filings are grouped here into 5 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 — ADVISORY VOTE ON THE FREQUENCY OF THE VOTE ON COMPENSATION OF THE CORPORATION'S NAMED EXECUTIVE… — TWIN DISC INC.'s filing reports the proposal as approved, with 99% support 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). Source: TWIN DISC INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on November 1, 2023.
Download data (CSV): ballot items · votes by manager · column guide.
Compiled from SEC Form N-PX filings and TWIN DISC INC.’s Form 8-K, filed November 1, 2023 (Item 5.07 on EDGAR). Page generated November 8, 2026.
Meeting of October 26, 2023: 4 items on TWIN DISC INC.’s Form 8-K, filed November 1, 2023: 2 elected · 2 approved.
None.
Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided
Explore TWIN DISC INC. in the interactive database Compare manager voting policies
These tallies are TWIN DISC INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed November 1, 2023 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Michael Doar | 9,769,994 | -- | -- | 718,716 | 842,554 | 93% | Elected | — |
| Elect Director: Michael C. Smiley | 10,270,820 | -- | -- | 217,890 | 842,554 | 98% | Elected | — |
| 2. Advisory Vote on the Compensation of the Company ' s Named Executive Officers | 9,934,309 | 135,260 | 419,141 | -- | 842,554 | 99% | Approved | — |
| 4. Appointment of RSM US LLP as Independent Registered Public Accounting Firm | 11,280,203 | 36,822 | 14,239 | -- | -- | 99.6% | Approved | — |
Source: TWIN DISC INC., Form 8-K, filed with the SEC on November 1, 2023 — read the filing on EDGAR.
Each item below shows how the 64 asset managers that disclosed a TWIN DISC INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. 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 TWIN DISC INC.’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.
Combines 3 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: ELECTION OF DIRECTORS: Michael C. Smiley
TWIN DISC INC.’s own tally for this item (“Elect Director: Michael C. Smiley”): 10,270,820 for, 217,890 withheld, per its Form 8-K filed November 1, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “The shareholders of the Company elected each of the Director nominees proposed by the Company's Board of Directors.”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 21 asset managers below reported 2,714,540 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 606,030 | 0 | 0 | 0 | For |
| Vanguard | 496,950 | 0 | 0 | 0 | For |
| Dimensional | 441,762 | 0 | 0 | 0 | For |
| HEARTLAND GROUP INC | 400,000 | 0 | 0 | 0 | For |
| Royce | 277,752 | 0 | 0 | 0 | For |
| Neuberger Berman | 115,661 | 0 | 0 | 0 | For |
| 1290 Funds | 111,000 | 0 | 0 | 0 | For |
| Fidelity | 90,712 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 58,100 | 0 | 0 | 0 | For |
| Gabelli | 33,000 | 0 | 0 | 0 | For |
| BlackRock | 30,258 | 0 | 0 | 0 | For |
| RBC FUNDS TRUST | 13,900 | 0 | 0 | 0 | For |
| Victory Capital | 12,475 | 0 | 0 | 0 | For |
| BNY Mellon | 7,449 | 0 | 0 | 0 | For |
| Charles Schwab | 5,599 | 0 | 0 | 0 | For |
| Morgan Stanley | 4,610 | 0 | 0 | 0 | For |
| Northern Trust | 3,295 | 0 | 0 | 0 | For |
| Jackson National | 1,927 | 0 | 0 | 0 | For |
| Allianz | 1,747 | 0 | 0 | 0 | For |
| John Hancock | 1,713 | 0 | 0 | 0 | For |
| Lincoln Financial | 600 | 0 | 0 | 0 | For |
Combines 3 wordings of this item as funds reported it.
93% Majority: yes · of votes cast
Description as filed by funds: ELECTION OF DIRECTORS: Michael Doar
TWIN DISC INC.’s own tally for this item (“Elect Director: Michael Doar”): 9,769,994 for, 718,716 withheld, per its Form 8-K filed November 1, 2023 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “The shareholders of the Company elected each of the Director nominees proposed by the Company's Board of Directors.”
Support: 93% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 21 asset managers below reported 2,238,032 for, 462,545 withheld, 13,963 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 606,030 | 0 | 0 | 0 | For |
| Vanguard | 496,950 | 0 | 0 | 0 | For |
| Dimensional | 441,762 | 0 | 0 | 0 | For |
| HEARTLAND GROUP INC | 0 | 0 | 0 | 400,000 | Withhold |
| Royce | 277,752 | 0 | 0 | 0 | For |
| Neuberger Berman | 115,661 | 0 | 0 | 0 | For |
| 1290 Funds | 111,000 | 0 | 0 | 0 | For |
| Fidelity | 90,712 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 0 | 0 | 0 | 58,100 | Withhold |
| Gabelli | 33,000 | 0 | 0 | 0 | For |
| BlackRock | 30,258 | 0 | 0 | 0 | For |
| RBC FUNDS TRUST | 0 | 0 | 13,900 | 0 | Abstain |
| Victory Capital | 11,325 | 0 | 0 | 1,150 | Mixed |
| BNY Mellon | 7,449 | 0 | 0 | 0 | For |
| Charles Schwab | 5,599 | 0 | 0 | 0 | For |
| Morgan Stanley | 4,610 | 0 | 0 | 0 | For |
| Northern Trust | 0 | 0 | 0 | 3,295 | Withhold |
| Jackson National | 1,927 | 0 | 0 | 0 | For |
| Allianz | 1,747 | 0 | 0 | 0 | For |
| John Hancock | 1,650 | 0 | 63 | 0 | For |
| Lincoln Financial | 600 | 0 | 0 | 0 | For |
Combines 3 wordings of this item as funds reported it.
99% Approved · of votes cast
Description as filed by funds: ADVISORY VOTE ON THE FREQUENCY OF THE VOTE ON COMPENSATION OF THE CORPORATION'S NAMED EXECUTIVE OFFICERS
TWIN DISC INC.’s own tally for this item (“2. Advisory Vote on the Compensation of the Company ' s Named Executive Officers”): 9,934,309 for, 135,260 against — passed, per its Form 8-K filed November 1, 2023 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “In an advisory vote, the shareholders of the Company approved the compensation of the Company's Named Executive Officers.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
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).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 0 | 0 | 0 | 0 | -- |
| Vanguard | 0 | 0 | 0 | 0 | -- |
| Dimensional | 0 | 0 | 0 | 0 | -- |
| HEARTLAND GROUP INC | 0 | 0 | 0 | 0 | -- |
| Gabelli | 0 | 0 | 0 | 0 | -- |
| Royce | 0 | 0 | 0 | 0 | -- |
| RBB FUND, INC. | 0 | 0 | 185,495 | 0 | Abstain |
| TETON WESTWOOD FUNDS | 0 | 0 | 0 | 0 | -- |
| Neuberger Berman | 0 | 0 | 0 | 0 | -- |
| 1290 Funds | 0 | 0 | 0 | 0 | -- |
| Fidelity | 0 | 0 | 0 | 0 | -- |
| BRIDGEWAY FUNDS INC | 0 | 0 | 0 | 0 | -- |
| BlackRock | 0 | 0 | 0 | 0 | -- |
| RBC FUNDS TRUST | 0 | 0 | 0 | 0 | -- |
| Victory Capital | 0 | 0 | 0 | 0 | -- |
| BNY Mellon | 0 | 0 | 0 | 0 | -- |
| Charles Schwab | 0 | 0 | 0 | 0 | -- |
| Morgan Stanley | 0 | 0 | 0 | 0 | -- |
| Northern Trust | 0 | 0 | 0 | 0 | -- |
| Jackson National | 0 | 0 | 0 | 0 | -- |
| Allianz | 0 | 0 | 0 | 0 | -- |
| John Hancock | 0 | 0 | 0 | 0 | -- |
| Lincoln Financial | 0 | 0 | 0 | 0 | -- |
Fund voting reports, all 23 managers: 185,495 abstained, 2,723,721 1 year, 447,686 3 year.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Gabelli | 0 | 0 | 0 | 0 | -- |
| HEARTLAND ADVISORS INC | 0 | 0 | 0 | 0 | -- |
| Neuberger Berman | 0 | 0 | 0 | 0 | -- |
| Pacific Ridge Capital Partners, LLC | 0 | 0 | 228,498 | 0 | Abstain |
| Royce | 0 | 0 | 0 | 0 | -- |
| BlackRock | 0 | 0 | 0 | 0 | -- |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 0 | 0 | 0 | 0 | -- |
| KENNEDY CAPITAL MANAGEMENT LLC | 0 | 0 | 0 | 0 | -- |
| GEODE CAPITAL MANAGEMENT, LLC | 0 | 0 | 0 | 0 | -- |
| Victory Capital | 0 | 0 | 0 | 0 | -- |
| Pegasus Partners Ltd. | 0 | 0 | 0 | 0 | -- |
| STRS OHIO | 0 | 0 | 0 | 0 | -- |
| Dimensional | 0 | 0 | 0 | 0 | -- |
| Renaissance | 0 | 0 | 0 | 0 | -- |
| State Street | 0 | 0 | 0 | 0 | -- |
| BNY Mellon | 0 | 0 | 0 | 0 | -- |
| Ensign Peak Advisors, Inc | 0 | 0 | 0 | 0 | -- |
| Charles Schwab | 0 | 0 | 0 | 0 | Not Voted |
| Citadel | 0 | 0 | 0 | 0 | -- |
| ACADIAN ASSET MANAGEMENT LLC | 0 | 0 | 0 | 0 | -- |
| Connor, Clark & Lunn Investment Management Ltd. | 0 | 0 | 0 | 0 | -- |
| SEI | 0 | 0 | 0 | 0 | -- |
| Northern Trust | 0 | 0 | 0 | 0 | -- |
| MELLON INVESTMENTS Corp | 0 | 0 | 0 | 0 | -- |
| BANK OF MONTREAL /CAN/ | 0 | 0 | 0 | 0 | -- |
Institutional-manager reports, all 49 managers: 50 for, 228,498 abstained, 8,400 not voted, 3,142,886 1 year, 65,364 3 year. Showing the 25 largest; every one is in the interactive database (link above).
Combines 2 wordings of this item as funds reported it.
99.9% Fund and manager reports combined; may count the same shares twice · no official result
Description as filed by funds: ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE CORPORATION'S NAMED EXECUTIVE OFFICERS
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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 606,030 | 0 | 0 | 0 | For |
| Vanguard | 496,950 | 0 | 0 | 0 | For |
| Dimensional | 441,762 | 0 | 0 | 0 | For |
| HEARTLAND GROUP INC | 400,000 | 0 | 0 | 0 | For |
| Gabelli | 373,067 | 0 | 0 | 0 | For |
| Royce | 277,752 | 0 | 0 | 0 | For |
| RBB FUND, INC. | 0 | 0 | 185,495 | 0 | Abstain |
| TETON WESTWOOD FUNDS | 116,800 | 0 | 0 | 0 | For |
| Neuberger Berman | 115,661 | 0 | 0 | 0 | For |
| 1290 Funds | 111,000 | 0 | 0 | 0 | For |
| Fidelity | 90,712 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 58,100 | 0 | 0 | 0 | For |
| BlackRock | 30,258 | 0 | 0 | 0 | For |
| RBC FUNDS TRUST | 13,900 | 0 | 0 | 0 | For |
| Victory Capital | 12,475 | 0 | 0 | 0 | For |
| BNY Mellon | 7,449 | 0 | 0 | 0 | For |
| Charles Schwab | 5,599 | 0 | 0 | 0 | For |
| Morgan Stanley | 4,610 | 0 | 0 | 0 | For |
| Northern Trust | 3,295 | 0 | 0 | 0 | For |
| Jackson National | 1,927 | 0 | 0 | 0 | For |
| Allianz | 1,747 | 0 | 0 | 0 | For |
| John Hancock | 1,713 | 0 | 0 | 0 | For |
| Lincoln Financial | 600 | 0 | 0 | 0 | For |
Fund voting reports, all 23 managers: 3,171,407 for, 185,495 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Gabelli | 1,471,936 | 0 | 0 | 0 | For |
| HEARTLAND ADVISORS INC | 400,000 | 0 | 0 | 0 | For |
| Neuberger Berman | 280,447 | 0 | 0 | 0 | For |
| Pacific Ridge Capital Partners, LLC | 0 | 0 | 228,498 | 0 | Abstain |
| Royce | 149,445 | 0 | 0 | 0 | For |
| BlackRock | 141,783 | 0 | 0 | 0 | For |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 128,950 | 0 | 0 | 0 | For |
| KENNEDY CAPITAL MANAGEMENT LLC | 111,198 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 98,369 | 0 | 0 | 0 | For |
| Victory Capital | 84,175 | 0 | 0 | 0 | For |
| Pegasus Partners Ltd. | 60,114 | 0 | 0 | 0 | For |
| STRS OHIO | 56,285 | 0 | 0 | 0 | For |
| Dimensional | 51,154 | 0 | 0 | 0 | For |
| Renaissance | 44,338 | 0 | 0 | 0 | For |
| State Street | 35,605 | 0 | 0 | 0 | For |
| BNY Mellon | 14,898 | 0 | 0 | 0 | For |
| Ensign Peak Advisors, Inc | 14,210 | 0 | 0 | 0 | For |
| Charles Schwab | 5,599 | 0 | 0 | 0 | For |
| Citadel | 11,904 | 0 | 0 | 0 | For |
| ACADIAN ASSET MANAGEMENT LLC | 10,465 | 0 | 0 | 0 | For |
| Connor, Clark & Lunn Investment Management Ltd. | 5,113 | 0 | 0 | 0 | For |
| SEI | 4,098 | 0 | 0 | 0 | For |
| Northern Trust | 3,841 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 3,216 | 0 | 0 | 0 | For |
| BANK OF MONTREAL /CAN/ | 3,150 | 0 | 0 | 0 | For |
Institutional-manager reports, all 48 managers: 3,207,922 for, 328 against, 228,498 abstained, 8,400 not voted. Showing the 25 largest; every one is in the interactive database (link above).
Combines 2 wordings of this item as funds reported it.
99.6% Approved · of votes cast
Description as filed by funds: RATIFY THE APPOINTMENT OF RSM US LLP AS OUR INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING JUNE 30, 2024
TWIN DISC INC.’s own tally for this item (“4. Appointment of RSM US LLP as Independent Registered Public Accounting Firm”): 11,280,203 for, 36,822 against — passed, per its Form 8-K filed November 1, 2023 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “The shareholders of the Company ratified the appointment of RSM US LLP as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2024.”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 22 asset managers below reported 3,171,407 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Equitable | 606,030 | 0 | 0 | 0 | For |
| Vanguard | 496,950 | 0 | 0 | 0 | For |
| Dimensional | 441,762 | 0 | 0 | 0 | For |
| HEARTLAND GROUP INC | 400,000 | 0 | 0 | 0 | For |
| Gabelli | 373,067 | 0 | 0 | 0 | For |
| Royce | 277,752 | 0 | 0 | 0 | For |
| TETON WESTWOOD FUNDS | 116,800 | 0 | 0 | 0 | For |
| Neuberger Berman | 115,661 | 0 | 0 | 0 | For |
| 1290 Funds | 111,000 | 0 | 0 | 0 | For |
| Fidelity | 90,712 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 58,100 | 0 | 0 | 0 | For |
| BlackRock | 30,258 | 0 | 0 | 0 | For |
| RBC FUNDS TRUST | 13,900 | 0 | 0 | 0 | For |
| Victory Capital | 12,475 | 0 | 0 | 0 | For |
| BNY Mellon | 7,449 | 0 | 0 | 0 | For |
| Charles Schwab | 5,599 | 0 | 0 | 0 | For |
| Morgan Stanley | 4,610 | 0 | 0 | 0 | For |
| Northern Trust | 3,295 | 0 | 0 | 0 | For |
| Jackson National | 1,927 | 0 | 0 | 0 | For |
| Allianz | 1,747 | 0 | 0 | 0 | For |
| John Hancock | 1,713 | 0 | 0 | 0 | For |
| Lincoln Financial | 600 | 0 | 0 | 0 | For |
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 13,960,861 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Equitable | 4.34% |
| 2 | Vanguard | 3.56% |
| 3 | Dimensional | 3.16% |
| 4 | HEARTLAND GROUP INC | 2.87% |
| 5 | Gabelli | 2.67% |
| 6 | Royce | 1.99% |
| 7 | RBB FUND, INC. | 1.33% |
| 8 | TETON WESTWOOD FUNDS | 0.84% |
| 9 | Neuberger Berman | 0.83% |
| 10 | 1290 Funds | 0.80% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Gabelli | 10.54% |
| 2 | HEARTLAND ADVISORS INC | 2.87% |
| 3 | Neuberger Berman | 2.01% |
| 4 | Pacific Ridge Capital Partners, LLC | 1.64% |
| 5 | Royce | 1.07% |
| 6 | BlackRock | 1.02% |
| 7 | STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 0.92% |
| 8 | KENNEDY CAPITAL MANAGEMENT LLC | 0.80% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 0.70% |
| 10 | Victory Capital | 0.60% |
As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.
| Holder | % outstanding | Disclosure |
|---|---|---|
| GAMCO Investors, Inc. | 15.13% | DEF14A |
| John H. Batten | 14.80% | DEF14A |
| Juniper Investment Company, LLC | 7.34% | DEF14A |
| AMH Equity, Ltd. | 5.30% | DEF14A |
| Leviticus Partners LP | 4.53% | 13G |
| Vanguard Group | 4.13% | 13F |
| Dimensional Fund Advisors | 3.86% | 13F |
| Racine, WI | 3.40% | DEF14A |
| Millennium Management | 1.20% | 13F |
| BlackRock | 1.14% | 13F |
Percentages above are of 13,960,861 shares outstanding, as reported by TWIN DISC INC. on its Form 10-Q dated October 25, 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.
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 TWIN DISC INC.’s 10-Q dated October 25, 2023. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.
TWIN DISC INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.
proxyvotesnow.com, “TWIN DISC (TWIN) 2023 Annual Meeting (2023-2024 season): Vote Results”, https://proxyvotesnow.com/company/twin-disc-incorporated/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.