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Home / Companies / McDonald's Corporation / 20 May 2025

Meeting · year to 30 June 20251,891 filers reporting

McDonald's Corporation: meeting of 20 May 2025

Votes reported on Form N-PX, item by item

1,891 Form N-PX filers reported votes at the McDonald's Corporation meeting of 20 May 2025. Their records fall into 8 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

1

DIRECTOR ELECTIONSIssuer

Director elections

11 nominees; 93.6% of reported votes for; 76 filers withheld from or voted against at least one nominee.

12,558 vote records from 420 filers. 3 of the 415 filers that marked the item either way voted against management. 5 filers reported this item without a management mark.

97.6% for0.5% against1.9% other0.7% against management420 filers
2

SECTION 14A SAY-ON-PAY VOTESIssuer

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

3,230 vote records from 1,843 filers. 142 of the 1,803 filers that marked the item either way voted against management. 40 filers reported this item without a management mark.

88.1% for7.8% against4.1% other7.9% against management1,843 filers95.3% for4.6% against0.0% other4.3% against management439,329,107 reported shares
3

AUDIT-RELATEDIssuer

Audit-related items (auditor ratification)

1,144 vote records from 414 filers. 12 of the 410 filers that marked the item either way voted against management. 4 filers reported this item without a management mark.

95.9% for2.7% against1.4% other2.9% against management414 filers99.7% for0.3% against0.0% other0.4% against management190,662,237 reported shares
4

COMPENSATIONIssuer

COMPENSATION: management items

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

121 vote records from 33 filers. 2 of the 32 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.

63.6% for18.2% against18.2% other6.3% against management33 filers95.0% for5.0% against0.0% other0.1% against management4,943,841 reported shares, counted once per item in this group
5

OTHER SOCIAL ISSUESSecurity holder

Advisory Vote to Revisit DEI in Executive Compensation.

1,105 vote records from 403 filers. 14 of the 398 filers that marked the item either way voted against management. 5 filers reported this item without a management mark.

1.5% for95.8% against2.7% other3.5% against management403 filers0.1% for99.7% against0.2% other0.3% against management190,645,079 reported shares
6

ENVIRONMENT OR CLIMATESecurity holder

Advisory Vote on Disclosure on Climate Transition Plans.

1,133 vote records from 402 filers. 45 of the 396 filers that marked the item either way voted against management. 6 filers reported this item without a management mark.

9.7% for88.3% against2.0% other11.4% against management402 filers0.9% for98.9% against0.2% other1.1% against management190,352,476 reported shares
7

OTHER SOCIAL ISSUESSecurity holder

Advisory Vote on Report Related to Oversight of Advertising Risks.

1,098 vote records from 400 filers. 19 of the 396 filers that marked the item either way voted against management. 4 filers reported this item without a management mark.

3.0% for94.8% against2.3% other4.8% against management400 filers0.3% for99.5% against0.2% other0.6% against management190,344,077 reported shares
8

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.

97 vote records from 11 filers. 3 of the 11 filers that marked the item either way voted against management.

36.4% for63.6% against27.3% against management11 filers63.6% for36.4% against2.8% against management481,192 reported shares, counted once per item in this group

How the largest families voted

Family1. Directors2. Say-on-pay3. Auditor5. Proposal6. Proposal7. Proposal
VanguardForForForAgainstAgainstAgainst
BlackRock and iSharesForNo reportForAgainstAgainstAgainst
FidelityForForForAgainstAgainstAgainst
DimensionalForForForAgainstAgainstAgainst
State Street and SPDRForForForAgainstAgainstAgainst
American CenturyForForForAgainstAgainstAgainst
Franklin TempletonForForForAgainstAgainstAgainst
InvescoForForForAgainstAgainstAgainst
EquitableForForForAgainstAgainstAgainst
Charles SchwabForForForAgainstAgainstAgainst
Nuveen and TIAAForForForAgainstAgainstAgainst
ProShares and ProFundsForForForAgainstAgainstAgainst
John Hancock and ManulifeForForForAgainstAgainstAgainst
Morgan Stanley, Eaton Vance and CalvertForAgainst *ForAgainstAgainstAgainst
J.P. MorganForForForAgainstAgainstAgainst
Goldman SachsForForForAgainstAgainstAgainst
WisdomTreeForForForAgainstAgainstAgainst
PGIM and PrudentialForForForAgainstAgainstAgainst
Jackson National fundsForForForAgainstAgainstAgainst
Northern Trust and FlexSharesForForForAgainstAgainstAgainst
SEIForForForAgainstAgainstAgainst
T. Rowe PriceForForForAgainstAgainstAgainst
ThriventForForForAgainstAgainstAgainst
Lincoln FinancialForForForAgainstAgainstAgainst
VoyaForForForAgainstAgainstAgainst
First TrustForForForAgainstAgainstAgainst
Russell InvestmentsForForForAgainstFor *Against
NationwideForForForAgainstAgainstAgainst
Victory CapitalForForForAgainstAgainstAgainst
Brighthouse FundsForForForAgainstAgainstAgainst
Guggenheim and RydexForForForAgainstAgainstAgainst
Columbia ThreadneedleForForForAgainstAgainstAgainst
BNY MellonForForForAgainstAgainstAgainst
PrincipalForForForAgainstAgainstAgainst
Capital Group and American FundsForForForAgainstAgainstAgainst
Pacific Life fundsForForForAgainstAgainstAgainst
Global XForForForNo reportNo reportNo report
MFSForForForAgainstAgainstAgainst
TransamericaForForForAgainstAgainstAgainst
Federated HermesForForForAgainstAgainstAgainst
AllianceBernsteinForForForAgainstAgainstAgainst
Hartford FundsForForForAgainstAgainstAgainst
DWSForForForAgainstAgainstAgainst
PIMCOForForForAgainstAgainstAgainst
AllspringForForForAgainstAgainstAgainst
MassMutualForForForAgainstAgainstAgainst
VirtusForForForAgainstAgainstAgainst
VanEckForForForAgainstAgainstAgainst
Macquarie and Delaware FundsNo reportForNo reportNo reportNo reportNo report
Janus HendersonForForForAgainstAgainstAgainst
Neuberger BermanForForForAgainstAgainstAgainst
Natixis and Loomis SaylesForForForAgainstAgainstAgainst
Lord AbbettForForForAgainstAgainstAgainst
Dodge & CoxNo reportForNo reportNo reportNo reportNo report
Harris Associates and OakmarkNo reportForNo reportNo reportNo reportNo report
BairdNo reportForNo reportNo reportNo reportNo 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 McDonald's Corporation meeting?

1,891 Form N-PX filers reported votes at the meeting of 20 May 2025. On say-on-pay, 142 of 1,803 voted against management (7.9%). 3 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 McDonald's Corporation 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 McDonald's Corporation

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing McDonald's Corporation with a meeting date within three days of 20 May 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.