Home / Companies / PEPSICO, INC. / 1 May 2024
PEPSICO, INC.: meeting of 1 May 2024
Votes reported on Form N-PX, item by item
1,951 Form N-PX filers reported votes at the PEPSICO, INC. meeting of 1 May 2024. Their records fall into 15 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
15 nominees; 95.5% of reported votes for; 47 filers withheld from or voted against at least one nominee.
18,714 vote records from 452 filers. 8 of the 449 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
4,429 vote records from 1,904 filers. 181 of the 1,850 filers that marked the item either way voted against management. 54 filers reported this item without a management mark.
4 filers reported share counts too large to be the holding described. No share split is published for this item. How that is decided
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on pay tied to a merger or sale
74 vote records from 29 filers. 15 of the 29 filers that marked the item either way voted against management.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
1,243 vote records from 447 filers. 20 of the 444 filers that marked the item either way voted against management. 3 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.
1,465 vote records from 464 filers. 17 of the 460 filers that marked the item either way voted against management. 4 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.
251 vote records from 25 filers. 10 of the 22 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.
OTHER SOCIAL ISSUESSecurity holder
Shareholder Proposal - Report on Risks Created by the Company's Diversity, Equity and Inclusion Efforts.
1,085 vote records from 406 filers. 24 of the 405 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
ENVIRONMENT OR CLIMATESecurity holder
Shareholder Proposal - Report on Risks Related to Biodiversity and Nature Loss.
1,058 vote records from 407 filers. 87 of the 405 filers that marked the item either way voted against management. 2 filers reported this item without a management mark.
DIVERSITY, EQUITY, AND INCLUSIONSecurity holder
Shareholder Proposal - Third-Party Racial Equity Audit.
1,057 vote records from 406 filers. 116 of the 405 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
OTHER SOCIAL ISSUESSecurity holder
Shareholder Proposal - Third-Party Assessment on Non-Sugar Sweetener Risks.
1,133 vote records from 422 filers. 67 of the 421 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
OTHER SOCIAL ISSUESSecurity holder
Shareholder Proposal - Report on Gender-Based Compensation Gaps and Associated Risks.
1,134 vote records from 423 filers. 19 of the 422 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
OTHER SOCIAL ISSUESSecurity holder
Shareholder Proposal - Global Transparency Report.
1,130 vote records from 421 filers. 74 of the 420 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.
COMPENSATIONSecurity holder
Shareholder Proposal - Shareholder Ratification of Excessive Golden Parachutes.
1,072 vote records from 420 filers. 41 of the 416 filers that marked the item either way voted against management. 4 filers reported this item without a management mark.
CORPORATE GOVERNANCESecurity holder
Shareholder proposal: CORPORATE GOVERNANCE
1,130 vote records from 419 filers. 100 of the 416 filers that marked the item either way voted against management. 3 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.
659 vote records from 39 filers. 12 of the 39 filers that marked the item either way voted against management.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 4. Auditor | 7. Proposal | 8. Proposal | 9. Proposal | 10. Proposal | 11. Proposal |
|---|---|---|---|---|---|---|---|---|
| Vanguard | For | For | For | Against | Against | Against | Against | Against |
| BlackRock and iShares | For | For | For | No report | No report | No report | Against | Against |
| Fidelity | For | For | For | Against | Against | Against | Against | Against |
| Dimensional | For | For | For | Against | Against | Against | Against | Against |
| State Street and SPDR | For | For | For | Against | Against | Against | Against | Against |
| American Century | For | For | For | Against | Against | Against | Against | Against |
| Franklin Templeton | For | For | For | Against | Against | For * | Against | Against |
| Invesco | For | For | For | Against | Against | Against | Against | Against |
| Equitable | For | For | For | Against | For * | Against | Against | Against |
| Charles Schwab | For | For | For | Against | Against | Against | Against | Against |
| Nuveen and TIAA | For | For | For | Against | Against | Against | Against | Against |
| ProShares and ProFunds | For | For | For | Against | Against | Against | Against | Against |
| John Hancock and Manulife | For | For | For | Against | For * | For * | For * | Against |
| Morgan Stanley, Eaton Vance and Calvert | For | Against * | For | Against | For * | For * | Against | Against |
| J.P. Morgan | For | For | For | Against | Against | Against | Against | Against |
| Goldman Sachs | For | For | For | Against | Against | Against | Against | Against |
| WisdomTree | For | For | For | Against | Against | Against | Against | Against |
| PGIM and Prudential | For | For | For | Against | For * | For * | Against | Against |
| Jackson National funds | For | For | For | Against | Against | Against | Against | Against |
| Northern Trust and FlexShares | For | For | For | Against | Abstain or withhold * | Against | Against | Against |
| SEI | For | For | For | Against | Against | For * | Against | Against |
| T. Rowe Price | For | For | For | Against | Against | Against | Against | Against |
| Thrivent | For | For | For | Against | Against | Against | Against | Against |
| Lincoln Financial | For | For | For | Against | Against | Against | Against | Against |
| Voya | For | For | For | Against | Against | Against | Against | Against |
| First Trust | For | For | For | Against | Against | Against | Against | Against |
| Russell Investments | For | For | For | Against | Against | For * | Against | Against |
| Nationwide | For | For | For | Against | For * | For * | For * | Against |
| Victory Capital | For | For | For | Against | For * | For * | For * | Against |
| Brighthouse Funds | For | For | For | Against | Against | Against | Against | Against |
| Guggenheim and Rydex | For | For | For | Against | Against | Against | Against | Against |
| Columbia Threadneedle | For | For | For | Against | Against | Against | Against | Against |
| BNY Mellon | For | For | For | Against | Against | Against | Against | Against |
| Principal | For | For | For | Against | For * | Against | Against | Against |
| Capital Group and American Funds | For | For | For | Against | Against | Against | Against | Against |
| Pacific Life funds | For | For | For | Against | Against | Against | Against | Against |
| Global X | For | For | For | No report | No report | No report | No report | No report |
| MFS | For | For | For | Against | Against | Against | Against | Against |
| Transamerica | For | For | For | Against | Against | Against | Against | Against |
| Federated Hermes | For | For | For | Against | Against | Against | Against | Against |
| AllianceBernstein | For | For | For | Against | For * | Against | Against | Against |
| Hartford Funds | For | For | For | Against | Against | Against | Against | Against |
| DWS | For | For | For | Against | For * | For * | For * | Against |
| PIMCO | For | Against * | Against * | Against | For * | For * | For * | Against |
| Allspring | For | For | For | Against | Against | Against | Against | Against |
| MassMutual | For | For | For | Against | Against | Against | Against | Against |
| Harbor Funds | For | For | For | Against | Against | Against | Against | Against |
| Virtus | For | For | For | Against | Against | For * | No report | Against |
| VanEck | For | For | For | Against | Against | For * | Against | Against |
| Macquarie and Delaware Funds | For | For | Against * | For * | For * | Against | Against | Against |
| Janus Henderson | For | For | For | Against | Against | Against | Against | Against |
| Neuberger Berman | For | For | For | Against | Against | For * | Against | Against |
| American Beacon | For | For | For | Against | Against | Against | Against | Against |
| Natixis and Loomis Sayles | For | For | For | Against | Against | Against | Against | Against |
| Lord Abbett | No report | For | No report | No report | No report | No report | No report | No report |
| Dodge & Cox | No report | For | No report | No report | No report | No report | No report | No report |
| Harris Associates and Oakmark | No report | Split or no vote | No report | No report | No report | No report | No report | No report |
| Baird | No report | For | No report | No report | 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 PEPSICO, INC. meeting?
1,951 Form N-PX filers reported votes at the meeting of 1 May 2024. On say-on-pay, 181 of 1,850 voted against management (9.8%). 8 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 PEPSICO, INC. 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 PEPSICO, INC.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing PEPSICO, INC. with a meeting date within three days of 1 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.