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Baird
One season of the Baird record. The family page shows the latest season.
- Vote records reported
- 4,742year to 30 June 2025
- Against management
- 8.1%376 of 4,662 marked votes
- Say-on-pay support
- 90.9%for, of for + against + abstain
- Shareholder-proposal support
- 33.3%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
In its Form N-PX for the year to 30 June 2025, Baird listed 4,742 vote records. Votes against management made up 8.1% of those marked either way (376 of 4,662); the median of the fund families tracked here stood at 7.6%.
Weighted by the number of shares voted, the against-management share is 11.1%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.
On pay and on shareholder proposals: it voted for 90.9% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 33.3% of the proposals put forward by security holders (the median of the fund families tracked here: 29.5%).
By category, votes against management were most frequent in CORPORATE GOVERNANCE (14.4% of 146), COMPENSATION (13.3% of 90) and CAPITAL STRUCTURE (9.6% of 135).
It reported 205,550 shares out on loan at record dates, 0.01% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.
Compared with other filers
Each rate is defined once, in the methodology. The median is taken over 60 families with at least 25 vote records in the season.
| year to 30 June 2025 | This family | Median family | All filers pooled |
|---|---|---|---|
| Against-management share | 8.1% | 7.6% | 9.7% |
| Say-on-pay support rate | 90.9% | 88.8% | 84.3% |
| Shareholder-proposal support rate | 33.3% | 29.5% | 33.0% |
| Shares on loan, share of shares held | 0.01% | 0.85% | 2.20% |
| Largest families, year to 30 June 2026 | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|
| Vanguard | 20.1% | 94.1% | 42.0% |
| BlackRock and iShares | 7.5% | 88.3% | 11.9% |
| Fidelity | 6.0% | 94.7% | 27.6% |
| Dimensional | 16.4% | 78.9% | 57.4% |
| State Street and SPDR | 16.9% | 77.1% | 50.4% |
Votes by category
Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.
| Category (as the form names it) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| DIRECTOR ELECTIONS | 1,332 | 1,252 | 34 | 6.0% | |
| SECTION 14A SAY-ON-PAY VOTES | 2,678 | 2,266 | 226 | 9.2% | |
| AUDIT-RELATED | 207 | 205 | 2 | 1.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 12 | 10 | 2 | 50.0% | |
| EXTRAORDINARY TRANSACTIONS | 12 | 12 | 0 | 0.0% | |
| CAPITAL STRUCTURE | 135 | 121 | 12 | 9.6% | |
| COMPENSATION | 90 | 78 | 12 | 13.3% | |
| CORPORATE GOVERNANCE | 146 | 125 | 21 | 14.4% | |
| ENVIRONMENT OR CLIMATE | 10 | 2 | 8 | 0.0% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 10 | 1 | 9 | 11.1% | |
| DIVERSITY, EQUITY, AND INCLUSION | 3 | 2 | 1 | 66.7% | |
| OTHER SOCIAL ISSUES | 16 | 5 | 11 | 12.5% | |
| OTHER | 79 | 74 | 3 | 5.1% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 5,013 | 9.2% | 89.9% | 47.2% | |
| year to 30 June 2025 | 4,742 | 8.1% | 90.9% | 33.3% | |
| year to 30 June 2026 | 4,745 | 8.8% | 90.6% | 41.5% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Baird voted against management on 176 of the 1,959 it marked either way (9.0%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.
A further 14 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- Amazon.com, Inc. 21 May 2025
- Meta Platforms, Inc. 28 May 2025
- UnitedHealth Group Incorporated 2 Jun 2025
- Bank of America Corporation 22 Apr 2025
- Thermo Fisher Scientific Inc. 21 May 2025
- Oracle Corporation 14 Nov 2024
- Pfizer Inc. 24 Apr 2025
- GE Aerospace 6 May 2025
- S&P Global Inc. 7 May 2025
- The Goldman Sachs Group, Inc. 23 Apr 2025
- Intel Corporation 6 May 2025
- BlackRock, Inc. 15 May 2025
- CVS Health Corporation 15 May 2025
- Palo Alto Networks, Inc. 10 Dec 2024
- WARNER BROS. DISCOVERY, INC. 2 Jun 2025
- Chipotle Mexican Grill, Inc. 11 Jun 2025
- Arista Networks, Inc. 30 May 2025
- Otis Worldwide Corporation 15 May 2025
- Valero Energy Corporation 6 May 2025
- VIATRIS INC. 6 Dec 2024
- Truist Financial Corporation 29 Apr 2025
- L3Harris Technologies, Inc. 18 Apr 2025
- Simon Property Group, Inc. 14 May 2025
- Airbnb, Inc. 4 Jun 2025
- The Hershey Company 6 May 2025
- American International Group, Inc. 14 May 2025
- DEVON ENERGY CORPORATION 4 Jun 2025
- The Estee Lauder Companies Inc. 8 Nov 2024
- Workday, Inc. 4 Jun 2025
- Biogen Inc. 17 Jun 2025
- Expedia Group, Inc. 3 Jun 2025
- Eversource Energy 1 May 2025
- CoStar Group, Inc. 26 Jun 2025
- Conagra Brands, Inc. 18 Sep 2024
- Kellanova 1 Nov 2024
- Coinbase Global, Inc. 18 Jun 2025
- Marathon Oil Corporation 29 Aug 2024
- Citizens Financial Group, Inc. 24 Apr 2025
- Live Nation Entertainment, Inc. 12 Jun 2025
- Moderna, Inc. 30 Apr 2025
Shareholder proposals it supported
Of 45 proposals from security holders that could be told apart in the filings and on which it cast a vote, Baird voted for 15 (33.3%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| The Charles Schwab Corporation | 22 May 2025 | Stockholder proposal requesting declassification of the board of directors |
| Diamondback Energy, Inc. | 21 May 2025 | Stockholder proposal regarding certain executive severance arrangements. |
| CoStar Group, Inc. | 26 Jun 2025 | Stockholder proposal regarding support for transparency in political spending |
| CDW Corporation | 20 May 2025 | To consider and act upon the stockholder proposal, if properly presented at the meeting, regarding... |
| Monolithic Power Systems, Inc. | 12 Jun 2025 | Vote on a stockholder proposal to give shareholders the ability to call for a special shareholder meeting. |
| HubSpot, Inc. | 4 Jun 2025 | Adopt Simple Majority Vote |
| DraftKings Inc. | 19 May 2025 | To consider a shareholder proposal regarding board matrix disclosure. |
| FactSet Research Systems Inc. | 19 Dec 2024 | To vote on a stockholder proposal |
| EPAM Systems, Inc. | 22 May 2025 | To hold an advisory vote on a stockholder proposal relating to a simple majority vote. |
| Alphabet Inc. | 6 Jun 2025 | Stockholder proposal regarding a human rights impact assessment of Al-driven targeted ad policies |
| Alphabet Inc. | 6 Jun 2025 | Stockholder proposal regarding a report on Al data usage oversight |
| Alphabet Inc. | 6 Jun 2025 | Stockholder proposal regarding equal shareholder voting |
| Floor & Decor Holdings, Inc. | 7 May 2025 | Stockholder proposal regarding shareholder ability to call for a special shareholder meeting. |
| UBS GROUP AG | 10 Apr 2025 | Compensation |
| KONINKLIJKE PHILIPS N.V. | 8 May 2025 | Advisory vote on the Remuneration Report 2024 |
Shares on loan
Baird reported 205,550 shares on loan at record dates against 3.05 billion shares voted: 0.01% of the two together. Median family: 0.85%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.
Questions
How did Baird vote on executive pay?
In the year to 30 June 2025 Baird reported 2,491 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 2,264 were for (90.9%), 226 against and 1 abstentions. Counting one item per company meeting, it voted against management on 176 of the 1,959 say-on-pay items it marked either way. A further 14 say-on-pay items were reported without a management mark and are not counted in that figure.
How often does Baird vote against management?
8.1% of the time in the year to 30 June 2025: 376 of the 4,662 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.
Did Baird support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 8 votes on proposals from security holders in the year to 30 June 2025 and voted for 0 of them (0.0%). Across every category it voted for 33.3% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.
Is this the result of the meetings?
No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.
Where does the data come from?
From the Form N-PX filings of the registrants and managers grouped under this family on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.
Back to the Baird family page · All filers in the year to 30 June 2025
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings of the filers grouped under Baird, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.