Home / Companies / Telefonica SA / 9 Apr 2025
Telefonica SA: meeting of 9 Apr 2025
Votes reported on Form N-PX, item by item
246 Form N-PX filers reported votes at the Telefonica SA meeting of 9 Apr 2025. Their records fall into 9 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
5 nominees; 87.2% of reported votes for; 72 filers withheld from or voted against at least one nominee.
1,304 vote records from 134 filers. 1 of the 120 filers that marked the item either way voted against management. 14 filers reported this item without a management mark.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
228 vote records from 140 filers. 22 of the 52 filers that marked the item either way voted against management. 88 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
261 vote records from 134 filers. 1 of the 120 filers that marked the item either way voted against management. 14 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.
8 vote records from 8 filers. No filer marked a management recommendation, so no against-management figure is reported. 8 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.
974 vote records from 135 filers. 2 of the 120 filers that marked the item either way voted against management. 15 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.
201 vote records from 105 filers. 54 of the 102 filers that marked the item either way voted against management. 3 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.
998 vote records from 133 filers. 1 of the 120 filers that marked the item either way voted against management. 13 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.
34 vote records from 23 filers. 0 of the 12 filers that marked the item either way voted against management. 11 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.
167 vote records from 25 filers. 0 of the 13 filers that marked the item either way voted against management. 12 filers reported this item without a management mark.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 3. Auditor |
|---|---|---|---|
| Vanguard | For | No report | For |
| BlackRock and iShares | For | For | For |
| Fidelity | For | No report | For |
| Dimensional | For | No report | For |
| State Street and SPDR | For | No report | For |
| American Century | For | No report | For |
| Franklin Templeton | For | No report | For |
| Invesco | For | No report | For |
| Equitable | For | No report | For |
| Charles Schwab | For | No report | For |
| Nuveen and TIAA | For | No report | For |
| John Hancock and Manulife | For | Against * | For |
| Morgan Stanley, Eaton Vance and Calvert | For | No report | For |
| J.P. Morgan | For | Against * | For |
| Goldman Sachs | For | No report | For |
| WisdomTree | For | No report | For |
| PGIM and Prudential | For | No report | For |
| Jackson National funds | For | Against * | For |
| Northern Trust and FlexShares | For | For | For |
| SEI | For | No report | For |
| T. Rowe Price | For | No report | For |
| Thrivent | For | No report | For |
| Lincoln Financial | For | No report | For |
| Voya | For | No report | For |
| First Trust | For | For | For |
| Russell Investments | For | No report | For |
| Nationwide | For | No report | For |
| Victory Capital | For | No report | For |
| Brighthouse Funds | For | No report | For |
| BNY Mellon | For | No report | For |
| Principal | For | No report | For |
| Capital Group and American Funds | For | No report | For |
| Pacific Life funds | For | No report | For |
| Global X | For | No report | For |
| Transamerica | For | No report | For |
| AllianceBernstein | For | No report | For |
| PIMCO | For | No report | For |
| Allspring | For | No report | For |
| MassMutual | No report | For | No report |
| Natixis and Loomis Sayles | No report | For | No report |
| Baird | No report | Against | 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 Telefonica SA meeting?
246 Form N-PX filers reported votes at the meeting of 9 Apr 2025. On say-on-pay, 22 of 52 voted against management (42.3%). 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 Telefonica 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 Telefonica SA
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing Telefonica SA with a meeting date within three days of 9 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.