Home / Companies / Ambev SA / 29 Apr 2025
Ambev SA: meeting of 29 Apr 2025
Votes reported on Form N-PX, item by item
54 Form N-PX filers reported votes at the Ambev SA meeting of 29 Apr 2025. Their records fall into 9 items below, in ballot order: management items first, then proposals from security holders. Each bar shows how the reporting filers split; it is not the result of the meeting.
foragainstabstain, withhold or otheramber tick: the portion cast against management
Items
DIRECTOR ELECTIONSIssuer
Director elections
3 nominees; 33.3% of reported votes for; 8 filers withheld from or voted against at least one nominee.
33 vote records from 8 filers. 8 of the 8 filers that marked the item either way voted against management.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
10 vote records from 6 filers. 1 of the 6 filers that marked the item either way voted against management.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
50 vote records from 15 filers. 0 of the 12 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.
SHAREHOLDER RIGHTS AND DEFENSESIssuer
SHAREHOLDER RIGHTS AND DEFENSES: management items
Management items in this category are shown together; filers word and number them differently.
13 vote records from 11 filers. 3 of the 10 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
CAPITAL STRUCTUREIssuer
CAPITAL STRUCTURE: management items
Management items in this category are shown together; filers word and number them differently.
134 vote records from 46 filers. 0 of the 45 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
COMPENSATIONIssuer
COMPENSATION: management items
Management items in this category are shown together; filers word and number them differently.
183 vote records from 48 filers. 4 of the 47 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
CORPORATE GOVERNANCEIssuer
CORPORATE GOVERNANCE: management items
Management items in this category are shown together; filers word and number them differently.
200 vote records from 47 filers. 1 of the 46 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
OTHERIssuer
OTHER: management items
Management items in this category are shown together; filers word and number them differently.
12 vote records from 10 filers. 0 of the 9 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
AUDIT-RELATEDSecurity holder
Shareholder proposal: AUDIT-RELATED
43 vote records from 23 filers. No filer marked a management recommendation, so no against-management figure is reported. 23 filers reported this item without a management mark.
How the largest families voted
| Family | 1. Directors | 3. Auditor | 9. Proposal |
|---|---|---|---|
| Vanguard | No report | No report | For |
| Fidelity | No report | No report | For |
| Dimensional | No report | No report | For |
| State Street and SPDR | No report | No report | For |
| American Century | No report | No report | For |
| ProShares and ProFunds | No report | No report | For |
| Jackson National funds | No report | For | No report |
| Northern Trust and FlexShares | No report | No report | For |
| SEI | Split or no vote * | No report | No report |
| Voya | No report | No report | For |
| Russell Investments | Split or no vote * | No report | No report |
| Guggenheim and Rydex | No report | No report | For |
| MFS | No report | No report | For |
| Allspring | No report | No report | For |
| Macquarie and Delaware Funds | No report | No report | For |
| Natixis and Loomis Sayles | No report | For | No report |
* against management. A family's position is the way most of its reported shares were voted across its filers; "split" means no single position led. "No report" means none of the family's filers listed the item.
Questions
How did large funds vote at the Ambev SA meeting?
54 Form N-PX filers reported votes at the meeting of 29 Apr 2025. On say-on-pay, 1 of 6 voted against management (16.7%). One proposal from security holders could be told apart in the filings. The family table lists each of the largest families item by item.
Is this the meeting result?
No. These are the votes of funds and managers that file Form N-PX, counted by filer and by the shares they reported. The certified result, which includes every shareholder, is reported by Ambev SA on Form 8-K.
Why are director elections shown as counts only?
Director records name the nominee. This site does not publish pages or rows about individuals, so for director elections it keeps the number of nominees and the split of votes and discards the wording.
Every meeting on file for Ambev SA
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing Ambev SA with a meeting date within three days of 29 Apr 2025. Proposal titles are the most common wording among filers and are replaced by the SEC category where a wording could name a person. Not verified by the SEC. Filings read through 23 Sep 2026.