Home / Companies / McDonald's Corporation / 20 May 2025
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
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.
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.
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.
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.
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.
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.
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.
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.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 3. Auditor | 5. Proposal | 6. Proposal | 7. Proposal |
|---|---|---|---|---|---|---|
| Vanguard | For | For | For | Against | Against | Against |
| BlackRock and iShares | For | No report | For | Against | Against | Against |
| Fidelity | For | For | For | Against | Against | Against |
| Dimensional | For | For | For | Against | Against | Against |
| State Street and SPDR | For | For | For | Against | Against | Against |
| American Century | For | For | For | Against | Against | Against |
| Franklin Templeton | For | For | For | Against | Against | Against |
| Invesco | For | For | For | Against | Against | Against |
| Equitable | For | For | For | Against | Against | Against |
| Charles Schwab | For | For | For | Against | Against | Against |
| Nuveen and TIAA | For | For | For | Against | Against | Against |
| ProShares and ProFunds | For | For | For | Against | Against | Against |
| John Hancock and Manulife | For | For | For | Against | Against | Against |
| Morgan Stanley, Eaton Vance and Calvert | For | Against * | For | Against | Against | Against |
| J.P. Morgan | For | For | For | Against | Against | Against |
| Goldman Sachs | For | For | For | Against | Against | Against |
| WisdomTree | For | For | For | Against | Against | Against |
| PGIM and Prudential | For | For | For | Against | Against | Against |
| Jackson National funds | For | For | For | Against | Against | Against |
| Northern Trust and FlexShares | For | For | For | Against | Against | Against |
| SEI | For | For | For | Against | Against | Against |
| T. Rowe Price | For | For | For | Against | Against | Against |
| Thrivent | For | For | For | Against | Against | Against |
| Lincoln Financial | For | For | For | Against | Against | Against |
| Voya | For | For | For | Against | Against | Against |
| First Trust | For | For | For | Against | Against | Against |
| Russell Investments | For | For | For | Against | For * | Against |
| Nationwide | For | For | For | Against | Against | Against |
| Victory Capital | For | For | For | Against | Against | Against |
| Brighthouse Funds | For | For | For | Against | Against | Against |
| Guggenheim and Rydex | For | For | For | Against | Against | Against |
| Columbia Threadneedle | For | For | For | Against | Against | Against |
| BNY Mellon | For | For | For | Against | Against | Against |
| Principal | For | For | For | Against | Against | Against |
| Capital Group and American Funds | For | For | For | Against | Against | Against |
| Pacific Life funds | For | For | For | Against | Against | Against |
| Global X | For | For | For | No report | No report | No report |
| MFS | For | For | For | Against | Against | Against |
| Transamerica | For | For | For | Against | Against | Against |
| Federated Hermes | For | For | For | Against | Against | Against |
| AllianceBernstein | For | For | For | Against | Against | Against |
| Hartford Funds | For | For | For | Against | Against | Against |
| DWS | For | For | For | Against | Against | Against |
| PIMCO | For | For | For | Against | Against | Against |
| Allspring | For | For | For | Against | Against | Against |
| MassMutual | For | For | For | Against | Against | Against |
| Virtus | For | For | For | Against | Against | Against |
| VanEck | For | For | For | Against | Against | Against |
| Macquarie and Delaware Funds | No report | For | No report | No report | No report | No report |
| Janus Henderson | For | For | For | Against | Against | Against |
| Neuberger Berman | For | For | For | Against | Against | Against |
| Natixis and Loomis Sayles | For | For | For | Against | Against | Against |
| Lord Abbett | For | For | For | Against | Against | Against |
| Dodge & Cox | No report | For | No report | No report | No report | No report |
| Harris Associates and Oakmark | No report | For | No report | No report | No report | No report |
| Baird | No report | For | 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 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.