Home / Companies / Telefonica SA / 25 Mar 2026
Telefonica SA: meeting of 25 Mar 2026
Votes reported on Form N-PX, item by item
229 Form N-PX filers reported votes at the Telefonica SA meeting of 25 Mar 2026. Their records fall into 8 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; 97.6% of reported votes for; 10 filers withheld from or voted against at least one nominee.
1,155 vote records from 115 filers. 1 of the 98 filers that marked the item either way voted against management. 17 filers reported this item without a management mark.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
331 vote records from 143 filers. 25 of the 46 filers that marked the item either way voted against management. 97 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
453 vote records from 115 filers. 1 of the 98 filers that marked the item either way voted against management. 17 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.
410 vote records from 114 filers. 1 of the 97 filers that marked the item either way voted against management. 17 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.
355 vote records from 111 filers. 4 of the 96 filers that marked the item either way voted against management. 15 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.
810 vote records from 115 filers. 1 of the 98 filers that marked the item either way voted against management. 17 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.
53 vote records from 20 filers. 0 of the 17 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.
87 vote records from 21 filers. 0 of the 11 filers that marked the item either way voted against management. 10 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 | For | 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 | Against * | For |
| Russell Investments | For | No report | For |
| Nationwide | For | No report | For |
| Brighthouse Funds | For | No report | For |
| Columbia Threadneedle | For | No report | For |
| BNY Mellon | For | No report | For |
| Principal | 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 | Against | 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?
229 Form N-PX filers reported votes at the meeting of 25 Mar 2026. On say-on-pay, 25 of 46 voted against management (54.3%). 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 25 Mar 2026. 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.