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Home / Families / Dimensional / year to 30 June 2024

Form N-PX · fund family · year to 30 June 20246 filers grouped

Dimensional

One season of the Dimensional record. The family page shows the latest season.

Vote records reported
1,124,607year to 30 June 2024
Against management
14.1%145,569 of 1,033,477 marked votes
Say-on-pay support
77.8%for, of for + against + abstain
Shareholder-proposal support
56.3%for, of for + against + abstain
84.3% for10.9% against4.8% other14.1% against management1,045,691 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

For the year to 30 June 2024, Dimensional reported 1,124,607 vote records on Form N-PX. 145,569 of the 1,033,477 votes that were marked for or against management went against management: 14.1%, 5.5 percentage points above the median of the fund families tracked here (8.5%).

Weighted by the number of shares voted, the against-management share is 12.4%. 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 77.8% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 89.0%) and it voted for 56.3% of the proposals put forward by security holders (the median of the fund families tracked here: 35.1%).

By category, votes against management were most frequent in SECTION 14A SAY-ON-PAY VOTES (31.8% of 49,469), SHAREHOLDER RIGHTS AND DEFENSES (27.0% of 2,672) and EXTRAORDINARY TRANSACTIONS (21.4% of 13,610).

It reported 39.88 billion shares out on loan at record dates, 5.39% 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 2024This familyMedian familyAll filers pooled
Against-management share14.1%8.5%10.2%
Say-on-pay support rate77.8%89.0%84.6%
Shareholder-proposal support rate56.3%35.1%37.0%
Shares on loan, share of shares held5.39%1.34%0.08%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
State Street and SPDR16.9%77.1%50.4%

Of the 1,124,607 vote records in this filing, 83,512 carry something the form does not expect: a missing vote source or category, a record with no vote line, a meeting date that cannot be read, or a security identifier this site could not use. They are counted as filed. What is checked

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)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS515,715446,58227,11712.1%
SECTION 14A SAY-ON-PAY VOTES49,58132,9309,38331.8%
AUDIT-RELATED75,32374,8044740.4%
INVESTMENT COMPANY MATTERS8800.0%
SHAREHOLDER RIGHTS AND DEFENSES2,9422,13859127.0%
EXTRAORDINARY TRANSACTIONS13,62910,6232,98721.4%
CAPITAL STRUCTURE119,907104,47515,43213.0%
COMPENSATION99,89479,17820,43919.8%
CORPORATE GOVERNANCE192,808159,18532,95416.3%
ENVIRONMENT OR CLIMATE4,3658403,5258.3%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE2,2147821,4324.0%
DIVERSITY, EQUITY, AND INCLUSION2,4549241,5303.1%
OTHER SOCIAL ISSUES7,0643,0184,0464.9%
OTHER8,7067,4781,0419.7%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20241,124,60714.1%77.8%56.3%
year to 30 June 20251,180,78812.5%79.6%60.8%
year to 30 June 20261,191,95416.4%78.9%57.4%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Dimensional voted against management on 716 of the 2,807 it marked either way (25.5%) in the year to 30 June 2024. The 40 companies with the most reporting filers are listed.

A further 7 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 2,289 proposals from security holders that could be told apart in the filings and on which it cast a vote, Dimensional voted for 1,251 (54.7%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Amazon.com, Inc.22 May 2024Commission a Third Party Audit on Working Conditions
NVIDIA Corporation26 Jun 2024Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter...
JPMorgan Chase & Co.21 May 2024Shareholder opportunity to vote on excessive golden parachutes
Mastercard Incorporated18 Jun 2024Consideration of a stockholder proposal requesting transparency in lobbying. 5.consideration of a...
The Home Depot, Inc.16 May 2024Shareholder Proposal Regarding Enhancements to the Company's Clawback Policy
AbbVie Inc.3 May 2024Stockholder Proposal - to Implement Simple Majority Vote
The Procter & Gamble Company10 Oct 2023Shareholder Proposal - Request to Require Shareholder Approval for Certain Future Amendments to Company...
Verizon Communications Inc.9 May 2024Amend clawback policy
Netflix, Inc.6 Jun 2024Shareholder proposal: CORPORATE GOVERNANCE
Tesla, Inc.13 Jun 2024A stockholder proposal regarding simple majority voting provisions in our governing documents
Tesla, Inc.13 Jun 2024Declassify the Board of Directors
Bristol-Myers Squibb Company7 May 2024Adopt Share Retention Policy For Senior Executives
ConocoPhillips14 May 2024Simple Majority Vote.
CVS Health Corporation16 May 2024Shareholder proposal: CORPORATE GOVERNANCE
American Express Company6 May 2024Shareholder proposal relating to golden parachutes.
United Parcel Service, Inc.2 May 2024To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share.
Deere & Company28 Feb 2024Shareholder proposal regarding shareholder ratification of golden parachutes
ServiceNow, Inc.23 May 2024Shareholder proposal regarding simple majority vote.
Gilead Sciences, Inc.8 May 2024To vote on a stockholder proposal requesting that the Board adopt a policy requiring the Company's named...
Zoetis Inc.22 May 2024Advisory vote to approve our executive compensation.
Booking Holdings Inc.4 Jun 2024Stockholder proposal requesting a non-binding stockholder vote to amend the Company's clawback policy.
DUKE ENERGY CORPORATION9 May 2024Adopt Share Retention Policy For Senior Executives
Prologis, Inc.9 May 2024Vote on a stockholder proposal titled "Simple Majority Vote."
Emerson Electric Co.6 Feb 2024Shareholder Proposal to Implement a Simple Majority Vote Requirement in the Company's Governing Documents.
Analog Devices, Inc.13 Mar 2024Shareholder proposal regarding simple majority voting
FedEx Corporation21 Sep 2023Stockholder proposal regarding amendment to clawback policy.
THE SOUTHERN COMPANY22 May 2024Stockholder proposal regarding simple majority vote
The Sherwin-Williams Company17 Apr 2024Shareholder proposal to adopt a simple majority vote.
FORD MOTOR COMPANY9 May 2024Relating to Consideration of a Recapitalization Plan to Provide That All of the Company's Outstanding...
Otis Worldwide Corporation16 May 2024Advisory Vote to Approve Executive Compensation
Illinois Tool Works Inc.3 May 2024A non-binding stockholder proposal, if properly presented at the meeting, for stockholder ratification of...
Marathon Petroleum Corporation24 Apr 2024Shareholder proposal seeking a simple majority vote.
Regeneron Pharmaceuticals, Inc.14 Jun 2024Non-binding shareholder proposal requesting simple majority voting requirements
Roper Technologies, Inc.12 Jun 2024Shareholder proposal regarding majority voting requirements; and
Humana Inc.18 Apr 2024The stockholder proposal on simple majority vote
Capital One Financial Corporation2 May 2024Shareholder proposal: CORPORATE GOVERNANCE
IDEXX Laboratories, Inc.6 May 2024Shareholder proposal regarding simple majority vote (Proposal Four).
American International Group, Inc.15 May 2024Shareholder proposal: CORPORATE GOVERNANCE
Agilent Technologies, Inc.14 Mar 2024To vote on a shareholder proposal regarding simple majority vote
Baxter International Inc.7 May 2024Adopt Share Retention Policy For Senior Executives

Shares on loan

Dimensional reported 39.88 billion shares on loan at record dates against 700.35 billion shares voted: 5.39% of the two together. Median family: 1.34%. 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 Dimensional vote on executive pay?

In the year to 30 June 2024 Dimensional reported 42,313 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 32,930 were for (77.8%), 9,383 against and 0 abstentions. Counting one item per company meeting, it voted against management on 716 of the 2,807 say-on-pay items it marked either way. A further 7 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does Dimensional vote against management?

14.1% of the time in the year to 30 June 2024: 145,569 of the 1,033,477 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 Dimensional support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 3,438 votes on proposals from security holders in the year to 30 June 2024 and voted for 137 of them (4.0%). Across every category it voted for 56.3% 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 Dimensional family page · All filers in the year to 30 June 2024

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings of the filers grouped under Dimensional, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.