Home / Companies / SAP SE / 13 May 2025
SAP SE: meeting of 13 May 2025
Votes reported on Form N-PX, item by item
336 Form N-PX filers reported votes at the SAP SE meeting of 13 May 2025. Their records fall into 7 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
2 nominees; 98.7% of reported votes for; no filer withheld from or voted against at least one nominee.
76 vote records from 19 filers. 0 of the 19 filers that marked the item either way voted against management.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
260 vote records from 114 filers. 5 of the 101 filers that marked the item either way voted against management. 13 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
1,187 vote records from 274 filers. 0 of the 271 filers that marked the item either way voted against management. 3 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.
1,780 vote records from 275 filers. 3 of the 272 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.
518 vote records from 221 filers. 0 of the 221 filers that marked the item either way voted against management.
CORPORATE GOVERNANCEIssuer
CORPORATE GOVERNANCE: management items
Management items in this category are shown together; filers word and number them differently.
1,830 vote records from 274 filers. 0 of the 271 filers that marked the item either way voted against management. 3 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.
490 vote records from 44 filers. 0 of the 4 filers that marked the item either way voted against management. 40 filers reported this item without a management mark.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 3. Auditor |
|---|---|---|---|
| Vanguard | No report | No report | For |
| BlackRock and iShares | For | For | For |
| Fidelity | No report | No report | For |
| Dimensional | No report | No report | For |
| State Street and SPDR | No report | No report | For |
| American Century | No report | No report | For |
| Franklin Templeton | No report | No report | For |
| Invesco | No report | No report | For |
| Equitable | No report | No report | For |
| Nuveen and TIAA | No report | No report | For |
| ProShares and ProFunds | No report | No report | For |
| John Hancock and Manulife | No report | For | For |
| Morgan Stanley, Eaton Vance and Calvert | No report | No report | For |
| J.P. Morgan | For | For | For |
| Goldman Sachs | No report | No report | For |
| WisdomTree | No report | No report | For |
| PGIM and Prudential | No report | No report | For |
| Jackson National funds | No report | For | For |
| Northern Trust and FlexShares | No report | For | For |
| T. Rowe Price | No report | No report | For |
| Thrivent | No report | No report | For |
| Lincoln Financial | For | For | For |
| Voya | No report | No report | For |
| First Trust | No report | No report | For |
| Nationwide | No report | No report | For |
| Victory Capital | No report | No report | For |
| Brighthouse Funds | No report | For | For |
| Columbia Threadneedle | No report | No report | For |
| BNY Mellon | No report | No report | For |
| Principal | No report | No report | For |
| Capital Group and American Funds | No report | No report | For |
| Pacific Life funds | No report | No report | For |
| MFS | No report | No report | For |
| Transamerica | No report | No report | For |
| AllianceBernstein | No report | No report | For |
| DWS | No report | No report | For |
| PIMCO | No report | No report | For |
| Allspring | No report | No report | For |
| MassMutual | No report | For | For |
| Harbor Funds | For | For | For |
| Virtus | No report | No report | For |
| Macquarie and Delaware Funds | No report | No report | For |
| Janus Henderson | No report | No report | For |
| American Beacon | No report | No report | For |
| Natixis and Loomis Sayles | No report | Abstain or withhold * | For |
| Lord Abbett | No report | No report | 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 SAP SE meeting?
336 Form N-PX filers reported votes at the meeting of 13 May 2025. On say-on-pay, 5 of 101 voted against management (5.0%). 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 SAP SE 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 SAP SE
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing SAP SE with a meeting date within three days of 13 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.