Home / Companies / BANK OF MONTREAL (THE "BANK") / 11 Apr 2025

Meeting · year to 30 June 2025354 filers reporting

BANK OF MONTREAL (THE "BANK"): meeting of 11 Apr 2025

Votes reported on Form N-PX, item by item

354 Form N-PX filers reported votes at the BANK OF MONTREAL (THE "BANK") meeting of 11 Apr 2025. Their records fall into 14 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; 98.7% of reported votes for; 8 filers withheld from or voted against at least one nominee.

1,951 vote records from 83 filers. 0 of the 82 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.

98.8% for0.0% against1.2% other0.0% against management83 filers

DIRECTOR ELECTIONSSecurity holder

Director elections (nominees put forward by security holders)

1 nominee; 0.0% of reported votes for; 7 filers withheld from or voted against at least one nominee.

18 vote records from 7 filers. 0 of the 7 filers that marked the item either way voted against management.

0.0% for100.0% against0.0% against management7 filers

SECTION 14A SAY-ON-PAY VOTESIssuer

Advisory vote on executive pay (say-on-pay)

429 vote records from 291 filers. 15 of the 268 filers that marked the item either way voted against management. 23 filers reported this item without a management mark.

86.3% for4.1% against9.6% other5.6% against management291 filers98.8% for1.2% against0.8% against management75,284,487 reported shares

AUDIT-RELATEDIssuer

Audit-related items (auditor ratification)

151 vote records from 83 filers. 2 of the 82 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.

96.4% for0.0% against3.6% other2.4% against management83 filers99.7% for0.0% against0.3% other0.3% against management42,678,770 reported shares

COMPENSATIONIssuer

COMPENSATION: management items

Management items in this category are shown together; filers word and number them differently.

135 vote records from 63 filers. 2 of the 62 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.

93.7% for3.2% against3.2% other3.2% against management63 filers97.5% for2.5% against2.5% against management53,088,310 reported shares, counted once per item in this group

OTHERIssuer

OTHER: management items

Management items in this category are shown together; filers word and number them differently.

97 vote records from 6 filers. 0 of the 1 filers that marked the item either way voted against management. 5 filers reported this item without a management mark.

16.7% for0.0% against83.3% other0.0% against management6 filers100.0% for0.0% against0.0% against management200 reported shares, counted once per item in this group

CORPORATE GOVERNANCESecurity holder

Employee Language Skills Disclosure

140 vote records from 76 filers. 2 of the 75 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.

1.3% for97.4% against1.3% other2.7% against management76 filers0.0% for100.0% against0.0% against management42,366,816 reported shares

ENVIRONMENT OR CLIMATESecurity holder

Annual Energy Supply Ratio Disclosure

127 vote records from 70 filers. 13 of the 70 filers that marked the item either way voted against management.

15.7% for82.9% against1.4% other18.6% against management70 filers4.5% for95.5% against0.0% other4.5% against management37,220,533 reported shares

OTHER SOCIAL ISSUESSecurity holder

Disclose Non-Confidential Information Relating to the Bank's Country-by-Country Reporting

127 vote records from 70 filers. 8 of the 70 filers that marked the item either way voted against management.

10.0% for90.0% against11.4% against management70 filers0.5% for99.5% against0.5% against management37,220,533 reported shares

OTHER SOCIAL ISSUESSecurity holder

Adopt Advanced Generative AI Systems Voluntary Code of Conduct

127 vote records from 70 filers. 10 of the 70 filers that marked the item either way voted against management.

11.4% for87.1% against1.4% other14.3% against management70 filers0.4% for99.6% against0.0% other0.4% against management37,220,533 reported shares

ENVIRONMENT OR CLIMATESecurity holder

Lobbying and Policy Influence Activities Disclosure

127 vote records from 70 filers. 14 of the 70 filers that marked the item either way voted against management.

17.1% for81.4% against1.4% other20.0% against management70 filers1.0% for99.0% against0.0% other1.0% against management37,220,533 reported shares

ENVIRONMENT OR CLIMATESecurity holder

Advisory Vote on Environmental Policies

119 vote records from 63 filers. 14 of the 63 filers that marked the item either way voted against management.

17.5% for81.0% against1.6% other22.2% against management63 filers4.4% for95.6% against0.0% other4.4% against management33,695,371 reported shares

COMPENSATIONSecurity holder

Please note that this resolution is a shareholder proposal: disclosure of executive compensation pay metrics

108 vote records from 63 filers. 7 of the 63 filers that marked the item either way voted against management.

9.5% for90.5% against11.1% against management63 filers0.5% for99.5% against0.5% against management33,197,944 reported shares

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.

151 vote records from 21 filers. 0 of the 20 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.

0.0% for66.7% against33.3% other0.0% against management21 filers21.4% for78.6% against21.4% against management37,581,678 reported shares, counted once per item in this group

How the largest families voted

Family	1. Directors	2. Directors	3. Say-on-pay	4. Auditor	7. Proposal	8. Proposal	9. Proposal	10. Proposal
Vanguard	For	No report	No report	For	Against	Against	Against	Against
BlackRock and iShares	For	Against	For	For	Against	No report	No report	No report
Fidelity	For	No report	No report	For	Against	Against	Against	Against
Dimensional	For	No report	No report	For	Against	Against	Against	Against
State Street and SPDR	For	No report	No report	For	Against	Against	Against	Against
American Century	For	No report	No report	For	Against	Against	Against	Against
Franklin Templeton	For	No report	No report	For	Against	Against	Against	Against
Invesco	For	No report	No report	For	Against	Against	Against	Against
Charles Schwab	For	No report	For	For	Against	Against	Against	Against
Nuveen and TIAA	For	No report	No report	For	Against	For *	Against	Against
John Hancock and Manulife	For	No report	For	For	No report	Against	Against	Against
Morgan Stanley, Eaton Vance and Calvert	For	No report	No report	For	Against	For *	For *	For *
J.P. Morgan	For	Against	For	For	Against	Against	Against	Against
Goldman Sachs	For	No report	No report	For	Against	Against	Against	Against
WisdomTree	For	No report	No report	For	Against	Against	Against	Against
Jackson National funds	For	No report	For	For	Against	No report	No report	No report
Northern Trust and FlexShares	For	No report	For	For	Against	For *	For *	For *
Lincoln Financial	For	No report	No report	For	Against	Against	Against	Against
First Trust	For	No report	Against *	For	Against	Against	Against	Against
Russell Investments	For	No report	For	For	Against	Against	Against	Against
Victory Capital	For	No report	No report	For	Against	Against	Against	Against
Brighthouse Funds	For	No report	Against *	Abstain or withhold *	Against	Against	Against	Against
Guggenheim and Rydex	For	No report	No report	For	Against	Against	Against	Against
BNY Mellon	For	No report	No report	For	Against	Against	Against	Against
Pacific Life funds	For	No report	No report	For	Against	Against	Against	Against
Transamerica	For	No report	No report	For	Against	Against	Against	For *
Federated Hermes	For	No report	For	For	Against	Against	Against	Against
AllianceBernstein	For	No report	No report	For	Against	For *	Against	Against
Hartford Funds	For	No report	Against *	Abstain or withhold *	Against	Against	Against	Against
MassMutual	No report	No report	For	No report	No report	No report	No report	No report
Natixis and Loomis Sayles	No report	No report	For	No report	No report	No report	No report	No report
Baird	No report	No report	For	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?

354 Form N-PX filers reported votes at the meeting of 11 Apr 2025. On say-on-pay, 15 of 268 voted against management (5.6%). 7 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 11 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.