Home / Companies / Merchants Bancorp / 15 May 2025
Merchants Bancorp: meeting of 15 May 2025
Votes reported on Form N-PX, item by item
276 Form N-PX filers reported votes at the Merchants Bancorp meeting of 15 May 2025. 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; 65.1% of reported votes for; 99 filers withheld from or voted against at least one nominee.
2,377 vote records from 109 filers. 52 of the 109 filers that marked the item either way voted against management.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
429 vote records from 273 filers. 72 of the 267 filers that marked the item either way voted against management. 6 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
217 vote records from 109 filers. 0 of the 109 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 | For | For | For |
| BlackRock and iShares | For | For | For |
| Fidelity | For | For | For |
| Dimensional | Abstain or withhold * | Against * | For |
| State Street and SPDR | For | For | For |
| American Century | Abstain or withhold * | Against * | For |
| Franklin Templeton | For | For | For |
| Invesco | For | For | For |
| Equitable | For | For | For |
| Charles Schwab | For | For | For |
| Nuveen and TIAA | For | For | For |
| ProShares and ProFunds | Abstain or withhold * | For | For |
| John Hancock and Manulife | Abstain or withhold * | For | For |
| Morgan Stanley, Eaton Vance and Calvert | Abstain or withhold * | Against * | For |
| J.P. Morgan | For | For | For |
| Goldman Sachs | Abstain or withhold * | For | For |
| WisdomTree | For | For | For |
| PGIM and Prudential | Abstain or withhold * | For | For |
| Jackson National funds | Abstain or withhold * | Against * | For |
| Northern Trust and FlexShares | For | For | For |
| SEI | For | Against * | For |
| T. Rowe Price | For | For | For |
| Lincoln Financial | For | For | For |
| Voya | For | Against * | For |
| First Trust | Abstain or withhold * | For | For |
| Russell Investments | For | Against * | For |
| Nationwide | For | For | For |
| Victory Capital | Abstain or withhold * | For | For |
| Brighthouse Funds | For | For | For |
| Guggenheim and Rydex | Abstain or withhold * | For | For |
| Columbia Threadneedle | Abstain or withhold * | Against * | For |
| BNY Mellon | No report | For | No report |
| Principal | Abstain or withhold * | For | For |
| Pacific Life funds | For | For | For |
| Global X | For | Against * | For |
| Federated Hermes | No report | For | No report |
| AllianceBernstein | No report | For | No report |
| DWS | Abstain or withhold * | For | For |
| Allspring | No report | For | No report |
| Harbor Funds | For | For | For |
| Virtus | Abstain or withhold * | For | For |
| Macquarie and Delaware Funds | Abstain or withhold * | For | For |
| Janus Henderson | Abstain or withhold * | For | For |
| Neuberger Berman | No report | Against * | No report |
| American Beacon | Abstain or withhold * | For | For |
* 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?
276 Form N-PX filers reported votes at the meeting of 15 May 2025. On say-on-pay, 72 of 267 voted against management (27.0%). 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 15 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.