Home / Companies / The Goldman Sachs Group, Inc. / 23 Apr 2025
The Goldman Sachs Group, Inc.: meeting of 23 Apr 2025
Votes reported on Form N-PX, item by item
1,698 Form N-PX filers reported votes at the The Goldman Sachs Group, Inc. meeting of 23 Apr 2025. 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
14 nominees; 94.7% of reported votes for; 73 filers withheld from or voted against at least one nominee.
15,493 vote records from 423 filers. 8 of the 414 filers that marked the item either way voted against management. 9 filers reported this item without a management mark.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
2,996 vote records from 1,665 filers. 753 of the 1,571 filers that marked the item either way voted against management. 94 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
1,109 vote records from 417 filers. 27 of the 408 filers that marked the item either way voted against management. 9 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.
1,179 vote records from 425 filers. 150 of the 416 filers that marked the item either way voted against management. 9 filers reported this item without a management mark.
OTHER SOCIAL ISSUESSecurity holder
Shareholder Proposal Regarding DEI Goals in Executive Pay Incentives
1,097 vote records from 406 filers. 21 of the 397 filers that marked the item either way voted against management. 9 filers reported this item without a management mark.
OTHER SOCIAL ISSUESSecurity holder
Shareholder Proposal Regarding Racial Discrimination Audit
1,094 vote records from 403 filers. 21 of the 395 filers that marked the item either way voted against management. 8 filers reported this item without a management mark.
ENVIRONMENT OR CLIMATESecurity holder
Shareholder Proposal Regarding Disclosure of Energy Supply Financing Ratio
1,094 vote records from 403 filers. 78 of the 393 filers that marked the item either way voted against management. 10 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.
27 vote records from 6 filers. 2 of the 6 filers that marked the item either way voted against management.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 3. Auditor | 5. Proposal | 6. Proposal | 7. Proposal |
|---|---|---|---|---|---|---|
| Vanguard | For | For | For | Against | Against | Against |
| BlackRock and iShares | For | No report | For | Against | Against | Against |
| Fidelity | For | For | For | Against | Against | Against |
| Dimensional | For | Against * | For | Against | Against | Against |
| State Street and SPDR | For | Against * | For | Against | Against | Against |
| American Century | For | Against * | For | Against | Against | Against |
| Franklin Templeton | For | For | For | Against | Against | Against |
| Invesco | For | Against * | For | Against | Against | Against |
| Equitable | For | For | For | Against | Against | For * |
| Charles Schwab | For | For | For | Against | Against | Against |
| Nuveen and TIAA | For | For | For | Against | Against | For * |
| ProShares and ProFunds | For | Against * | For | Against | Against | Against |
| John Hancock and Manulife | For | For | For | Against | Against | Against |
| Morgan Stanley, Eaton Vance and Calvert | For | Against * | For | Against | Against | For * |
| J.P. Morgan | For | For | For | Against | Against | Against |
| Goldman Sachs | For | For | For | Against | Against | Against |
| WisdomTree | For | For | For | Against | Against | Against |
| PGIM and Prudential | For | For | For | Against | Against | Against |
| Jackson National funds | For | For | For | Against | Against | Against |
| Northern Trust and FlexShares | For | For | For | Against | Against | For * |
| SEI | For | Against * | For | Against | Against | Against |
| T. Rowe Price | For | For | For | Against | Against | Against |
| Thrivent | For | Against * | For | Against | Against | Against |
| Lincoln Financial | For | Against * | For | Against | Against | Against |
| Voya | For | For | For | Against | Against | Against |
| First Trust | For | Against * | For | Against | Against | Against |
| Russell Investments | For | Against * | For | Against | Against | Against |
| Nationwide | For | For | Against * | Against | Against | For * |
| Victory Capital | For | Against * | For | Against | Against | Against |
| Brighthouse Funds | For | Against * | For | Against * | Against * | Against * |
| Guggenheim and Rydex | For | Against * | For | Against | Against | Against |
| Columbia Threadneedle | For | For | For | Against | Against | Against |
| BNY Mellon | For | For | Against * | Against | Against | For * |
| Principal | For | Against * | For | Against | Against | Against |
| Capital Group and American Funds | For | For | For | Against | Against | Against |
| Pacific Life funds | For | For | For | Against | Against | Against |
| Global X | For | Against * | For | No report | No report | No report |
| MFS | For | For | For | Against | Against | Against |
| Transamerica | For | For | For | Against | Against | Against |
| Federated Hermes | For | Against * | For | Against | Against | Against |
| AllianceBernstein | For | For | For | Against | Against | For * |
| Hartford Funds | For | Against * | Against * | Against | Against | For * |
| DWS | For | Against * | For | Against | Against | Against |
| PIMCO | For | Against * | For | Against | Against | Against |
| Allspring | For | Against * | For | Against | Against | Against |
| MassMutual | For | For | For | Against | Against | Against |
| Harbor Funds | For | For | For | Against | Against | Against |
| Virtus | For | Against * | For | Against | Against | Against |
| Macquarie and Delaware Funds | No report | Against * | No report | No report | No report | No report |
| Janus Henderson | For | For | For | Against | Against | Against |
| Neuberger Berman | For | For | For | Against | Against | Against |
| American Beacon | For | Against * | For | Against | Against | Against |
| Natixis and Loomis Sayles | For | Against * | For | Against | Against | Against |
| Dodge & Cox | For | For | For | Against | Against | Against |
| Harris Associates and Oakmark | No report | For | No report | No report | No report | No report |
| Baird | No report | Against * | No report | No report | No report | No report |
| Artisan Partners | For | For | For | 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 The Goldman Sachs Group, Inc. meeting?
1,698 Form N-PX filers reported votes at the meeting of 23 Apr 2025. On say-on-pay, 753 of 1,571 voted against management (47.9%). 3 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 The Goldman Sachs Group, 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 The Goldman Sachs Group, Inc.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing The Goldman Sachs Group, Inc. with a meeting date within three days of 23 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.