Home / Categories / SHAREHOLDER RIGHTS AND DEFENSES
SHAREHOLDER RIGHTS AND DEFENSES
Voting rights, special meetings, written consent, supermajority rules, poison pills and similar defences.
- Votes in this category
- 106,809
- Against management
- 27.4%
- Support, issuer items
- 84.5%
- Support, security-holder proposals
- 49.2%
foragainstabstain, withhold or otheramber tick: the portion cast against management
How the form defines it
Form N-PX requires every reported vote to carry one or more of fourteen fixed categories. This one is printed on the form as SHAREHOLDER RIGHTS AND DEFENSES. The form gives the name and leaves the judgement to the filer; the description under the heading above is this site's plain-language gloss, not SEC wording.
In the year to 30 June 2026, filers placed 106,809 votes in the category SHAREHOLDER RIGHTS AND DEFENSES: 64,229 on items put forward by the issuer and 42,580 on proposals from security holders. 27.4% of the votes marked for or against management went against management.
Proposals from security holders in this category drew 49.2% votes for among the reporting filers; items from the issuer drew 84.5%.
By season
| Season | Votes | From security holders | Against management | Split |
|---|---|---|---|---|
| year to 30 June 2024 | 88,143 | 29,408 | 30.6% | |
| year to 30 June 2025 | 102,172 | 26,332 | 24.9% | |
| year to 30 June 2026 | 106,809 | 42,580 | 27.4% |
Families compared
Season: year to 30 June 2026. Families with at least 20 votes in the category. The order is by number of votes, not by any judgement of the voting.
| Family | Votes | Against management | Support, security-holder proposals | Split |
|---|---|---|---|---|
| BlackRock and iShares | 19,300 | 9.4% | 18.5% | |
| Vanguard | 8,179 | 24.9% | 43.6% | |
| Charles Schwab | 4,421 | 17.4% | 27.1% | |
| Fidelity | 4,354 | 23.7% | 57.0% | |
| SEI | 2,851 | 50.6% | 75.9% | |
| Dimensional | 2,727 | 27.8% | 74.1% | |
| PGIM and Prudential | 2,684 | 33.8% | 49.7% | |
| State Street and SPDR | 2,217 | 28.6% | 52.2% | |
| American Century | 2,003 | 32.0% | 76.0% | |
| Global X | 1,996 | 53.7% | 76.0% | |
| Invesco | 1,628 | 26.6% | 61.7% | |
| Equitable | 1,570 | 23.6% | 59.9% | |
| Franklin Templeton | 1,441 | 31.3% | 66.2% | |
| John Hancock and Manulife | 1,319 | 43.1% | 72.1% | |
| ProShares and ProFunds | 1,294 | 25.2% | 67.7% | |
| Russell Investments | 1,265 | 48.1% | 75.1% | |
| Jackson National funds | 1,166 | 42.6% | 68.2% | |
| Nuveen and TIAA | 1,085 | 22.7% | 60.5% | |
| Federated Hermes | 1,030 | 33.5% | 58.2% | |
| J.P. Morgan | 978 | 34.0% | 65.3% | |
| T. Rowe Price | 967 | 21.4% | 59.0% | |
| Morgan Stanley, Eaton Vance and Calvert | 956 | 24.3% | 57.0% | |
| Lincoln Financial | 915 | 28.4% | 53.3% | |
| Brighthouse Funds | 877 | 41.9% | 63.5% | |
| Goldman Sachs | 865 | 21.1% | 57.8% | |
| Thrivent | 774 | 16.4% | 50.0% | |
| Nationwide | 763 | 20.9% | 53.3% | |
| WisdomTree | 739 | 32.1% | 65.9% | |
| Voya | 704 | 36.3% | 93.0% | |
| Northern Trust and FlexShares | 697 | 21.4% | 64.7% | |
| First Trust | 695 | 31.8% | 65.1% | |
| Victory Capital | 691 | 28.8% | 64.0% | |
| Columbia Threadneedle | 620 | 33.2% | 60.3% | |
| Guggenheim and Rydex | 619 | 26.2% | 65.2% | |
| Hartford Funds | 577 | 38.6% | 60.5% | |
| Principal | 531 | 25.2% | 61.5% | |
| BNY Mellon | 437 | 22.9% | 55.8% | |
| Pacific Life funds | 409 | 19.1% | 62.8% | |
| Transamerica | 397 | 32.4% | 56.3% | |
| Capital Group and American Funds | 395 | 31.2% | 51.0% | |
| MFS | 321 | 27.2% | 53.0% | |
| Neuberger Berman | 316 | 15.1% | 17.7% | |
| VanEck | 298 | 50.9% | 79.1% | |
| MassMutual | 289 | 33.0% | 62.0% | |
| DWS | 276 | 21.4% | 58.4% | |
| AllianceBernstein | 257 | 23.0% | 50.0% | |
| Harbor Funds | 248 | 33.9% | 47.9% | |
| Allspring | 244 | 24.8% | 50.8% | |
| Virtus | 231 | 27.1% | 59.0% | |
| Janus Henderson | 150 | 14.7% | 37.3% | |
| Macquarie and Delaware Funds | 150 | 29.7% | 54.5% | |
| Natixis and Loomis Sayles | 143 | 34.5% | 52.0% | |
| PIMCO | 140 | 21.6% | 72.0% | |
| American Beacon | 123 | 28.9% | 47.7% | |
| Lord Abbett | 86 | 15.1% | 59.1% | |
| Cohen & Steers | 61 | 8.9% | not reported | |
| Harris Associates and Oakmark | 29 | 17.9% | 30.0% | |
| Dodge & Cox | 22 | 21.4% | 60.0% |
Items where the most reporting filers voted against management
Season: year to 30 June 2026; items with 50 or more filers marking a position, 148 in all. A high share here says how Form N-PX filers voted. It is not the meeting result and says nothing about holders that do not file the form.
| Company | Meeting | Item | Filers | Against management |
|---|---|---|---|---|
| Bouygues SA | 23 Apr 2026 | Management items in this category | 136 | 97.1% |
| Norwegian Cruise Line Holdings Ltd. | 11 Jun 2026 | A shareholder proposal requesting the declassification of our board of directors | 133 | 97.0% |
| PENN Entertainment, Inc. | 16 Jun 2026 | Declassify the board of directors | 87 | 96.6% |
| Eagle Materials Inc. | 4 Aug 2025 | Non-binding advisory stockholder proposal requesting the declassification of our Board of Directors. | 214 | 94.9% |
| Bio-Rad Laboratories, Inc. | 21 Apr 2026 | Stockholder proposal regarding dual class capital structure. | 177 | 93.2% |
| Palo Alto Networks, Inc. | 9 Dec 2025 | To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding... | 344 | 92.7% |
| Zscaler, Inc. | 12 Jan 2026 | To vote on a non-binding stockholder proposal requesting the declassification of our board of directors. | 239 | 92.1% |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding equal shareholder voting | 633 | 90.0% |
| Airbnb, Inc. | 5 Jun 2026 | Dual-class sunset; and | 270 | 90.0% |
| CrowdStrike Holdings, Inc. | 17 Jun 2026 | Management items in this category | 94 | 89.4% |
| Lennar Corporation | 8 Apr 2026 | Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES | 252 | 89.3% |
| United Parcel Service, Inc. | 7 May 2026 | To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share. | 320 | 88.1% |
| Tesla, Inc. | 6 Nov 2025 | Declassify the Board of Directors | 456 | 86.6% |
| Norwegian Cruise Line Holdings Ltd. | 11 Jun 2026 | To consider and vote upon one shareholder proposal | 65 | 84.6% |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding dual class capital structure. | 660 | 83.0% |
| D'Ieteren Group | 28 May 2026 | Management items in this category | 87 | 81.6% |
| Lotus Bakeries NV | 12 May 2026 | Management items in this category | 76 | 78.9% |
| Lumen Technologies, Inc. | 20 May 2026 | Approval of a shareholder proposal regarding a shareholder right to vote for or against a poison pill. | 153 | 77.1% |
| PRIO SA | 17 Apr 2026 | Management items in this category | 74 | 75.7% |
| MKS Instruments, Inc. | 11 May 2026 | Management items in this category | 59 | 64.4% |
| Genco Shipping & Trading Limited | 18 Jun 2026 | Management items in this category | 92 | 54.3% |
| COCA-COLA EUROPACIFIC PARTNERS PLC | 28 May 2026 | Management items in this category | 178 | 50.6% |
| TriCo Bancshares | 21 May 2026 | Management items in this category | 106 | 43.4% |
| The Sherwin-Williams Company | 22 Apr 2026 | Management items in this category | 77 | 26.0% |
| NioCorp Developments Ltd. | 6 Apr 2026 | Management items in this category | 58 | 24.1% |
Questions
What does the category SHAREHOLDER RIGHTS AND DEFENSES cover?
Form N-PX lists SHAREHOLDER RIGHTS AND DEFENSES as one of its fixed vote categories and leaves it to each filer to decide which votes belong in it. In practice: Voting rights, special meetings, written consent, supermajority rules, poison pills and similar defences.
Why can the same proposal appear in different categories?
Each filer picks the category or categories for every vote it reports, and filers do not always agree. A vote can also carry more than one category, in which case it is counted in each.
Is this the result of any meeting?
No. The figures count how Form N-PX filers voted the shares they held. They do not show the outcome of a meeting.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings; category chosen by each filer. Not verified by the SEC. Filings read through 23 Sep 2026.