Home / Companies / Kao Corp. / 21 Mar 2025
Kao Corp.: meeting of 21 Mar 2025
Votes reported on Form N-PX, item by item
140 Form N-PX filers reported votes at the Kao Corp. meeting of 21 Mar 2025. 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
9 nominees; 96.4% of reported votes for; 29 filers withheld from or voted against at least one nominee.
2,336 vote records from 137 filers. 5 of the 136 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
DIRECTOR ELECTIONSSecurity holder
Director elections (nominees put forward by security holders)
5 nominees; 39.8% of reported votes for; 130 filers withheld from or voted against at least one nominee.
1,247 vote records from 134 filers. 78 of the 133 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
3 vote records from 2 filers. 1 of the 2 filers that marked the item either way voted against management.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
54 vote records from 17 filers. 0 of the 17 filers that marked the item either way voted against management.
CAPITAL STRUCTUREIssuer
CAPITAL STRUCTURE: management items
Management items in this category are shown together; filers word and number them differently.
230 vote records from 127 filers. 0 of the 126 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.
373 vote records from 104 filers. 0 of the 103 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.
156 vote records from 34 filers. 0 of the 34 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.
25 vote records from 15 filers. No filer marked a management recommendation, so no against-management figure is reported. 15 filers reported this item without a management mark.
COMPENSATIONSecurity holder
Approve Compensation Ceiling for Outside Directors
569 vote records from 136 filers. 71 of the 135 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
COMPENSATIONSecurity holder
Approve Performance Share Plan and Restricted Stock Plan
172 vote records from 93 filers. 62 of the 92 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
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.
68 vote records from 33 filers. 3 of the 33 filers that marked the item either way voted against management.
How the largest families voted
| Family | 1. Directors | 2. Directors | 4. Auditor | 9. Proposal | 10. Proposal |
|---|---|---|---|---|---|
| Vanguard | For | Against | No report | Against | Against |
| BlackRock and iShares | For | Against | No report | Against | No report |
| Fidelity | For | Against | No report | Against | Against |
| Dimensional | For | For * | No report | For * | For * |
| State Street and SPDR | For | Against | No report | Against | Against |
| American Century | For | For * | No report | For * | For * |
| Franklin Templeton | For | For * | No report | For * | For * |
| Invesco | For | For * | No report | For * | For * |
| Equitable | For | Against | No report | For * | For * |
| Charles Schwab | For | For * | No report | Against | No report |
| Nuveen and TIAA | For | For * | No report | Split or no vote | Against |
| ProShares and ProFunds | Split or no vote | Split or no vote | No report | Split or no vote | Split or no vote |
| John Hancock and Manulife | For | For * | For | For * | No report |
| Morgan Stanley, Eaton Vance and Calvert | Against * | For * | No report | For * | For * |
| J.P. Morgan | For | Against | For | For * | No report |
| Goldman Sachs | For | For * | No report | For * | For * |
| WisdomTree | For | Against | No report | For * | For * |
| PGIM and Prudential | For | Against | No report | Against | Against |
| Jackson National funds | For | Against | For | For * | No report |
| Northern Trust and FlexShares | For | For * | No report | Against | Against |
| SEI | For | For * | No report | Split or no vote | No report |
| T. Rowe Price | For | Against | No report | For * | For * |
| Thrivent | For | For * | No report | For * | For * |
| Lincoln Financial | For | Against * | No report | Against * | For * |
| Voya | For | For * | No report | For * | For * |
| First Trust | For | For * | No report | For * | For * |
| Russell Investments | For | For * | No report | Split or no vote | No report |
| Nationwide | For | For * | No report | Against | Against |
| Victory Capital | For | For * | No report | For * | For * |
| Brighthouse Funds | For | Against * | No report | For * | For * |
| Columbia Threadneedle | For | For * | No report | For * | For * |
| BNY Mellon | For | Against | No report | For * | For * |
| Principal | For | For * | No report | For * | For * |
| Pacific Life funds | For | Against | No report | Split or no vote | Against |
| Global X | For | No report | No report | No report | No report |
| MFS | For | Against | No report | Against | Against |
| Transamerica | For | Against | No report | Against | Against |
| AllianceBernstein | For | For * | No report | For * | For * |
| Hartford Funds | For | For * | No report | Split or no vote | No report |
| PIMCO | For | For * | No report | For * | For * |
| MassMutual | For | For * | No report | For * | For * |
| VanEck | For | For * | No report | Split or no vote | No report |
| Macquarie and Delaware Funds | For | For * | No report | For * | For * |
| Natixis and Loomis Sayles | For | For * | Split or no vote | Against | 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 Kao Corp. meeting?
140 Form N-PX filers reported votes at the meeting of 21 Mar 2025. On say-on-pay, 1 of 2 voted against management (50.0%). 2 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 Kao Corp. 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 Kao Corp.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing Kao Corp. with a meeting date within three days of 21 Mar 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.