Home / Companies / NESTLE S.A. / 18 Apr 2024
NESTLE S.A.: meeting of 18 Apr 2024
Votes reported on Form N-PX, item by item
538 Form N-PX filers reported votes at the NESTLE S.A. meeting of 18 Apr 2024. 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
14 nominees; 63.3% of reported votes for; 9 filers withheld from or voted against at least one nominee.
2,098 vote records from 95 filers. 1 of the 67 filers that marked the item either way voted against management. 28 filers reported this item without a management mark.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
589 vote records from 453 filers. 26 of the 436 filers that marked the item either way voted against management. 17 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
145 vote records from 94 filers. 4 of the 66 filers that marked the item either way voted against management. 28 filers reported this item without a management mark.
0 filers reported share counts too large to be the holding described. No share split is published for this item. How that is decided
CAPITAL STRUCTUREIssuer
CAPITAL STRUCTURE: management items
Management items in this category are shown together; filers word and number them differently.
255 vote records from 87 filers. 1 of the 61 filers that marked the item either way voted against management. 26 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.
379 vote records from 98 filers. 2 of the 71 filers that marked the item either way voted against management. 27 filers 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.
968 vote records from 94 filers. 2 of the 66 filers that marked the item either way voted against management. 28 filers reported this item without a management mark.
OTHER SOCIAL ISSUESIssuer
OTHER SOCIAL ISSUES: management items
Management items in this category are shown together; filers word and number them differently.
25 vote records from 21 filers. 0 of the 19 filers that marked the item either way voted against management. 2 filers reported this item without a management mark.
OTHERIssuer
OTHER: management items
Management items in this category are shown together; filers word and number them differently.
79 vote records from 25 filers. 0 of the 23 filers that marked the item either way voted against management. 2 filers reported this item without a management mark.
OTHER SOCIAL ISSUESSecurity holder
Please note that this resolution is a shareholder proposal: shareholder proposal for an amendment to the...
135 vote records from 92 filers. 10 of the 65 filers that marked the item either way voted against management. 27 filers reported this item without a management mark.
0 filers reported share counts too large to be the holding described. No share split is published for this item. How that is decided
CORPORATE GOVERNANCESecurity holder
Additional or Amended Shareholder Proposals
67 vote records from 33 filers. 0 of the 1 filers that marked the item either way voted against management. 32 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.
18 vote records from 5 filers. 1 of the 3 filers that marked the item either way voted against management. 2 filers reported this item without a management mark.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 3. Auditor | 9. Proposal | 10. Proposal |
|---|---|---|---|---|---|
| Vanguard | Split or no vote | Abstain or withhold * | Split or no vote | Split or no vote | Split or no vote |
| Franklin Templeton | For | No report | For | Against | Split or no vote |
| Charles Schwab | Split or no vote | No report | Split or no vote | Split or no vote | Split or no vote |
| Morgan Stanley, Eaton Vance and Calvert | For | No report | For | Against | No report |
| J.P. Morgan | No report | For | No report | No report | No report |
| Goldman Sachs | For | No report | For | Against | No report |
| PGIM and Prudential | For | No report | For | Against | Split or no vote |
| Northern Trust and FlexShares | No report | For | No report | No report | No report |
| SEI | Split or no vote | No report | Split or no vote | Split or no vote | Split or no vote |
| Russell Investments | Split or no vote | No report | Split or no vote | Split or no vote | Split or no vote |
| Brighthouse Funds | For | Against * | For | Against | Against |
| Guggenheim and Rydex | For | No report | For | Against | No report |
| BNY Mellon | For | No report | For | Against | No report |
| Capital Group and American Funds | For | No report | For | Against | No report |
| MFS | For | No report | For | Against | No report |
| Federated Hermes | For | No report | For | Against | Abstain or withhold |
| Hartford Funds | Split or no vote | No report | Split or no vote | Split or no vote | Split or no vote |
| MassMutual | Split or no vote | For | Split or no vote | Split or no vote | Split or no vote |
| VanEck | Split or no vote | No report | Split or no vote | Split or no vote | Split or no vote |
| Neuberger Berman | Split or no vote * | No report | Split or no vote * | Split or no vote * | Split or no vote |
| American Beacon | For | No report | For | Against | No report |
| Natixis and Loomis Sayles | No report | For | No report | No report | No report |
| Baird | No report | For | 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 NESTLE S.A. meeting?
538 Form N-PX filers reported votes at the meeting of 18 Apr 2024. On say-on-pay, 26 of 436 voted against management (6.0%). 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 NESTLE S.A. 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 NESTLE S.A.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing NESTLE S.A. with a meeting date within three days of 18 Apr 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.