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Peltz and his associates previously told media they would wait for certified vote results after the company announced shareholders rejected his bid.
The company did not immediately release a vote count, and Peltz did not concede the fight.
The fight was widely thought to be the largest corporate proxy battle in history.
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P&G was considered the largest company to ever face a battle for corporate influence. Trian Fund Management L.P. has said it controls about $3.3 billion of shares of P&G (traded on the New York Stock Exchange under the “PG” ticker).
“As one of P&G’s largest shareholders, and given P&G’s disappointing results over the past decade, Trian has a keen interest in helping the company address the challenges it is facing,” Trian announced before the vote.
Trian identifies those “challenges” as shrinking market share, excessive bureaucracy and corporate costs and more.
Peltz has fought proxy battles at Heinz in 2006 — in which he won two out of five board seats — and DuPont, in which he faltered, media reports say. Observers have called him an “activist investor.”
Locally, P&G helps oversee a massive distribution operation in Union, recently taking over part of the services there from Impact Fulfillment Services. The 1.7 million-square-foot center near Dayton International Airport opened in 2015. About 800 people were employed there when it opened.
More than a third of P&G’s products moves through the facility, with the help of a third-party supply chain manager, Exel, which has about 600 employees at the Union center.
P&G also has a “beauty and innovation” center and campus in Mason.
P&G is headquartered in Cincinnati.