Home / Companies / Petroleo Brasileiro SA / 16 Apr 2025
Petroleo Brasileiro SA: meeting of 16 Apr 2025
Votes reported on Form N-PX, item by item
134 Form N-PX filers reported votes at the Petroleo Brasileiro SA meeting of 16 Apr 2025. 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
18 nominees; 42.7% of reported votes for; 92 filers withheld from or voted against at least one nominee.
2,654 vote records from 115 filers. 8 of the 89 filers that marked the item either way voted against management. 26 filers reported this item without a management mark.
DIRECTOR ELECTIONSSecurity holder
Director elections (nominees put forward by security holders)
3 nominees; 66.7% of reported votes for; 69 filers withheld from or voted against at least one nominee.
285 vote records from 70 filers. 1 of the 1 filers that marked the item either way voted against management. 69 filers reported this item without a management mark.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
6 vote records from 6 filers. 1 of the 3 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
64 vote records from 22 filers. 2 of the 3 filers that marked the item either way voted against management. 19 filers reported this item without a management mark.
SHAREHOLDER RIGHTS AND DEFENSESIssuer
SHAREHOLDER RIGHTS AND DEFENSES: management items
Management items in this category are shown together; filers word and number them differently.
238 vote records from 88 filers. 4 of the 4 filers that marked the item either way voted against management. 84 filers reported this item without a management mark.
CAPITAL STRUCTUREIssuer
CAPITAL STRUCTURE: management items
Management items in this category are shown together; filers word and number them differently.
154 vote records from 103 filers. 2 of the 87 filers that marked the item either way voted against management. 16 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.
257 vote records from 107 filers. 64 of the 88 filers that marked the item either way voted against management. 19 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.
1,259 vote records from 108 filers. 4 of the 89 filers that marked the item either way voted against management. 19 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.
34 vote records from 20 filers. 5 of the 6 filers that marked the item either way voted against management. 14 filers reported this item without a management mark.
AUDIT-RELATEDSecurity holder
Shareholder proposal: AUDIT-RELATED (A)
95 vote records from 70 filers. 1 of the 1 filers that marked the item either way voted against management. 69 filers reported this item without a management mark.
AUDIT-RELATEDSecurity holder
Shareholder proposal: AUDIT-RELATED (B)
53 vote records from 33 filers. No filer marked a management recommendation, so no against-management figure is reported. 33 filers reported this item without a management mark.
How the largest families voted
| Family | 1. Directors | 2. Directors | 4. Auditor | 10. Proposal | 11. Proposal |
|---|---|---|---|---|---|
| Vanguard | Abstain or withhold * | For | For * | For | For |
| BlackRock and iShares | For | No report | No report | No report | No report |
| Fidelity | For | For | No report | Abstain or withhold | For |
| Dimensional | Abstain or withhold | For | No report | For | For |
| State Street and SPDR | Abstain or withhold | For | No report | For | For |
| American Century | Abstain or withhold | For | No report | For | For |
| Invesco | Abstain or withhold | For | No report | For | No report |
| Equitable | Abstain or withhold | For | No report | For | For |
| Charles Schwab | Abstain or withhold | No report | No report | No report | No report |
| ProShares and ProFunds | Abstain or withhold | For | No report | For | For |
| Morgan Stanley, Eaton Vance and Calvert | Abstain or withhold | For | No report | For | No report |
| J.P. Morgan | No report | No report | For | No report | No report |
| Goldman Sachs | Abstain or withhold * | For | No report | For | No report |
| PGIM and Prudential | For | For | No report | For | No report |
| Jackson National funds | For | No report | Split or no vote | No report | No report |
| SEI | For | No report | No report | No report | No report |
| T. Rowe Price | For | For | No report | For | For |
| Thrivent | Abstain or withhold | For | No report | For | No report |
| Voya | Abstain or withhold | For | No report | For | For |
| Russell Investments | Abstain or withhold | No report | No report | No report | No report |
| Nationwide | Split or no vote | For | No report | Abstain or withhold | No report |
| Victory Capital | Abstain or withhold | For | No report | For | No report |
| Guggenheim and Rydex | Abstain or withhold | For | No report | For | For |
| Columbia Threadneedle | Abstain or withhold | For | No report | For | No report |
| Global X | For | No report | No report | No report | No report |
| MFS | Abstain or withhold | For | No report | For | For |
| Federated Hermes | Abstain or withhold * | No report | No report | No report | No report |
| Hartford Funds | Against | No report | No report | No report | No report |
| DWS | Abstain or withhold | For | No report | For | For |
| Allspring | Abstain or withhold | For | No report | For | For |
| MassMutual | For | For | No report | For | No report |
| VanEck | For | No report | No report | No report | No report |
| Macquarie and Delaware Funds | Abstain or withhold | For | No report | For | For |
| Neuberger Berman | For | No report | No report | No report | No report |
| Cohen & Steers | Abstain or withhold | For | No report | For | 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 Petroleo Brasileiro SA meeting?
134 Form N-PX filers reported votes at the meeting of 16 Apr 2025. On say-on-pay, 1 of 3 voted against management (33.3%). 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 Petroleo Brasileiro SA 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 Petroleo Brasileiro SA
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing Petroleo Brasileiro SA with a meeting date within three days of 16 Apr 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.