Home / Companies / BANK OF MONTREAL (THE "BANK") / 16 Apr 2024
BANK OF MONTREAL (THE "BANK"): meeting of 16 Apr 2024
Votes reported on Form N-PX, item by item
345 Form N-PX filers reported votes at the BANK OF MONTREAL (THE "BANK") meeting of 16 Apr 2024. Their records fall into 11 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
13 nominees; 97.4% of reported votes for; 13 filers withheld from or voted against at least one nominee.
2,080 vote records from 98 filers. 0 of the 98 filers that marked the item either way voted against management.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
291 vote records from 254 filers. 11 of the 241 filers that marked the item either way voted against management. 13 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
160 vote records from 98 filers. 2 of the 98 filers that marked the item either way voted against management.
COMPENSATIONIssuer
COMPENSATION: management items
Management items in this category are shown together; filers word and number them differently.
181 vote records from 92 filers. 2 of the 92 filers that marked the item either way voted against management.
OTHERIssuer
OTHER: management items
Management items in this category are shown together; filers word and number them differently.
8 vote records from 7 filers. 0 of the 1 filers that marked the item either way voted against management. 6 filers reported this item without a management mark.
OTHER SOCIAL ISSUESSecurity holder
Disclose Non-Confidential Information Relating to the Bank's Country-by-Country Reporting
152 vote records from 92 filers. 18 of the 92 filers that marked the item either way voted against management.
CORPORATE GOVERNANCESecurity holder
Hold Annual Meetings of the Company in Person with Virtual Meetings as Complements
151 vote records from 91 filers. 53 of the 91 filers that marked the item either way voted against management.
ENVIRONMENT OR CLIMATESecurity holder
Advisory Vote on Environmental Policies
151 vote records from 91 filers. 26 of the 91 filers that marked the item either way voted against management.
ENVIRONMENT OR CLIMATESecurity holder
Report on Impact of Oil and Gas Divestment
144 vote records from 85 filers. 3 of the 85 filers that marked the item either way voted against management.
COMPENSATIONSecurity holder
Shareholder Proposal Regarding Pay Ratio Disclosure
144 vote records from 85 filers. 14 of the 85 filers that marked the item either way voted against management.
Several categoriesSecurity holder
Shareholder proposals (not separable from the filings)
Filers described these proposals in wordings that could not be matched to one another, so they are shown together.
44 vote records from 11 filers. 1 of the 11 filers that marked the item either way voted against management.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 3. Auditor | 6. Proposal | 7. Proposal | 8. Proposal | 9. Proposal | 10. Proposal |
|---|---|---|---|---|---|---|---|---|
| Vanguard | For | No report | For | Against | Against | Against | Against | Against |
| BlackRock and iShares | For | No report | For | Against | Against | Against | Against | Against |
| Fidelity | For | No report | For | Against | Against | Against | Against | Against |
| Dimensional | For | No report | For | Against | For * | Against | Against | Against |
| State Street and SPDR | For | No report | For | Against | For * | Against | Against | Against |
| American Century | For | No report | For | Against | Against | Against | Against | Against |
| Franklin Templeton | For | No report | For | For * | For * | For * | Against | Against |
| Invesco | For | No report | For | Against | For * | Against | Against | Against |
| Charles Schwab | For | No report | For | Against | Against | Against | Against | Against |
| Nuveen and TIAA | For | No report | For | Against | Against | For * | Against | Against |
| John Hancock and Manulife | For | Against * | For | For * | For * | For * | No report | No report |
| Morgan Stanley, Eaton Vance and Calvert | For | No report | For | For * | For * | For * | Against | For * |
| J.P. Morgan | For | For | For | Against | Against | Against | Against | Against |
| Goldman Sachs | For | For | For | Against | Against | Against | Against | Against |
| WisdomTree | For | No report | For | Against | For * | Against | Against | Against |
| PGIM and Prudential | For | No report | For | Against | For * | For * | Against | Against |
| Jackson National funds | For | For | For | No report | No report | No report | No report | No report |
| Northern Trust and FlexShares | For | For | For | For * | For * | For * | Against | For * |
| Thrivent | For | No report | For | Against | For * | Against | Against | For * |
| Lincoln Financial | For | No report | For | Against | For * | Against | Against | Against |
| First Trust | For | No report | For | Against | For * | Against | Against | Against |
| Russell Investments | For | No report | For | Against | Against | Against | Against | Against |
| Victory Capital | For | No report | For | For * | For * | For * | Against | Against |
| Brighthouse Funds | For | No report | Abstain or withhold | Against * | Against * | For * | Against * | For * |
| Guggenheim and Rydex | For | No report | For | Against | For * | Against | Against | Against |
| BNY Mellon | For | No report | For | Against | For * | Against | Against | Against |
| Capital Group and American Funds | For | No report | For | Against | Against | Against | Against | Against |
| Pacific Life funds | For | No report | For | Against | Against | Against | Against | Against |
| Transamerica | For | No report | For | Against | For * | For * | Against | Against |
| Federated Hermes | For | No report | For | Against | Against | Against | Against | Against |
| AllianceBernstein | For | No report | For | Against | Against | Against | Against | Against |
| Hartford Funds | For | No report | For | Against | Against | Against | Against | For * |
| MassMutual | No report | For | No report | No report | No report | No report | No report | No report |
| Natixis and Loomis Sayles | No report | For | No report | No report | No report | No report | No report | No report |
| Baird | No report | For | No report | No report | No report | No report | No report | 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 BANK OF MONTREAL (THE "BANK") meeting?
345 Form N-PX filers reported votes at the meeting of 16 Apr 2024. On say-on-pay, 11 of 241 voted against management (4.6%). 5 proposals 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 BANK OF MONTREAL (THE "BANK") 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 BANK OF MONTREAL (THE "BANK")
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing BANK OF MONTREAL (THE "BANK") with a meeting date within three days of 16 Apr 2024. 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.