Home / Companies / Merchants Bancorp / 16 May 2024
Merchants Bancorp: meeting of 16 May 2024
Votes reported on Form N-PX, item by item
258 Form N-PX filers reported votes at the Merchants Bancorp meeting of 16 May 2024. Their records fall into 3 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; 62.7% of reported votes for; 82 filers withheld from or voted against at least one nominee.
2,192 vote records from 105 filers. 60 of the 105 filers that marked the item either way voted against management.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
388 vote records from 255 filers. 198 of the 248 filers that marked the item either way voted against management. 7 filers reported this item without a management mark.
One filer reported a share count too large to be the holding described. No share split is published for this item. How that is decided
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
199 vote records from 104 filers. 1 of the 104 filers that marked the item either way voted against management.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 3. Auditor |
|---|---|---|---|
| Vanguard | Abstain or withhold * | Against * | For |
| BlackRock and iShares | For | Against * | For |
| Fidelity | For | Against * | For |
| Dimensional | Abstain or withhold * | Against * | For |
| State Street and SPDR | For | For | For |
| American Century | Abstain or withhold * | Against * | For |
| Franklin Templeton | No report | Against * | No report |
| Invesco | For | For | For |
| Equitable | For | Against * | For |
| Charles Schwab | Abstain or withhold * | Against * | For |
| Nuveen and TIAA | For | Against * | For |
| ProShares and ProFunds | Abstain or withhold * | Against * | For |
| John Hancock and Manulife | Abstain or withhold * | Against * | For |
| Morgan Stanley, Eaton Vance and Calvert | For | Against * | For |
| J.P. Morgan | For | Against * | For |
| Goldman Sachs | Abstain or withhold * | Against * | For |
| WisdomTree | Abstain or withhold * | Against * | For |
| PGIM and Prudential | For | Against * | For |
| Jackson National funds | Abstain or withhold * | Against * | For |
| Northern Trust and FlexShares | For | Against * | For |
| SEI | For | Against * | For |
| T. Rowe Price | Abstain or withhold * | Against * | For |
| Lincoln Financial | For | Against | For |
| Voya | For | Against * | For |
| First Trust | Abstain or withhold * | Against * | For |
| Nationwide | Abstain or withhold * | Against * | For |
| Victory Capital | Abstain or withhold * | Against * | For |
| Brighthouse Funds | For | Against * | For |
| Guggenheim and Rydex | Abstain or withhold * | Against * | For |
| Columbia Threadneedle | Abstain or withhold * | Against * | For |
| BNY Mellon | No report | Against * | No report |
| Principal | Abstain or withhold * | Against * | For |
| Pacific Life funds | For | Against * | For |
| Global X | For | Against * | For |
| Federated Hermes | For | For | For |
| AllianceBernstein | No report | Against * | No report |
| DWS | Abstain or withhold * | Against * | For |
| Allspring | Abstain or withhold * | Against * | For |
| Harbor Funds | For | For | For |
| Janus Henderson | Abstain or withhold * | Against * | For |
| Neuberger Berman | No report | Against * | No report |
| American Beacon | Abstain or withhold * | Against * | For |
| Natixis and Loomis Sayles | No report | 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 Merchants Bancorp meeting?
258 Form N-PX filers reported votes at the meeting of 16 May 2024. On say-on-pay, 198 of 248 voted against management (79.8%). 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 Merchants Bancorp 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 Merchants Bancorp
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing Merchants Bancorp with a meeting date within three days of 16 May 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.