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Home / Families / Dimensional / year to 30 June 2025

Form N-PX · fund family · year to 30 June 20256 filers grouped

Dimensional

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

Vote records reported
1,180,788year to 30 June 2025
Against management
12.5%124,662 of 1,000,577 marked votes
Say-on-pay support
79.6%for, of for + against + abstain
Shareholder-proposal support
60.8%for, of for + against + abstain
85.8% for10.2% against4.1% other12.5% against management1,017,111 votes

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

For the year to 30 June 2025, Dimensional reported 1,180,788 vote records on Form N-PX. 124,662 of the 1,000,577 votes that were marked for or against management went against management: 12.5%, 4.9 percentage points above the median of the fund families tracked here (7.6%).

Weighted by the number of shares voted, the against-management share is 10.6%. 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 79.6% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 60.8% 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 EXTRAORDINARY TRANSACTIONS (27.3% of 18,034), SECTION 14A SAY-ON-PAY VOTES (26.8% of 40,386) and INVESTMENT COMPANY MATTERS (25.2% of 123).

It reported 38.48 billion shares out on loan at record dates, 5.63% 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 2025This familyMedian familyAll filers pooled
Against-management share12.5%7.6%9.7%
Say-on-pay support rate79.6%88.8%84.3%
Shareholder-proposal support rate60.8%29.5%33.0%
Shares on loan, share of shares held5.63%0.85%2.20%
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 1,180,788 vote records in this filing, 168,732 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 ELECTIONS469,521407,70625,65111.1%
SECTION 14A SAY-ON-PAY VOTES40,47029,1297,48626.8%
AUDIT-RELATED76,15775,4576640.7%
INVESTMENT COMPANY MATTERS123923125.2%
SHAREHOLDER RIGHTS AND DEFENSES2,9552,26046123.2%
EXTRAORDINARY TRANSACTIONS18,04013,0444,99227.3%
CAPITAL STRUCTURE135,092120,11214,98011.1%
COMPENSATION106,97483,00123,73121.8%
CORPORATE GOVERNANCE194,670170,73923,29910.7%
ENVIRONMENT OR CLIMATE4,0131,3052,70810.2%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE1,7951,1526431.2%
DIVERSITY, EQUITY, AND INCLUSION2,4521,2221,2300.9%
OTHER SOCIAL ISSUES5,8723,4742,3986.0%
OTHER7,8776,4171,0739.9%

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 710 of the 2,775 it marked either way (25.6%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.

A further 10 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 2,126 proposals from security holders that could be told apart in the filings and on which it cast a vote, Dimensional voted for 1,163 (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
NVIDIA Corporation25 Jun 2025S/H Proposal - Corporate Governance
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding disclosure of voting results based on class of shares.
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding dual class capital structure.
Visa Inc.28 Jan 2025S/H Proposal - Corporate Governance
AbbVie Inc.9 May 2025Stockholder Proposal - to Implement Simple Majority Vote
Adobe Inc.22 Apr 2025Stockholder Proposal Regarding Vote on Golden Parachutes.
Intuitive Surgical, Inc.1 May 2025The stockholder proposal that is titled "requesting a shareholder approval requirement for excessive...
Citigroup Inc.29 Apr 2025Stockholder proposal requesting a shareholder vote regarding excessive golden parachutes.
The Charles Schwab Corporation22 May 2025Stockholder proposal requesting declassification of the board of directors
DUKE ENERGY CORPORATION1 May 2025Shareholder proposal regarding support simple majority vote
LOCKHEED MARTIN CORPORATION9 May 2025Stockholder Proposal Requesting Shareholder Approval Requirement for Excessive Golden Parachutes
United Parcel Service, Inc.8 May 2025To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share.
THE SOUTHERN COMPANY21 May 2025Stockholder proposal regarding simple majority vote
Boston Scientific Corporation1 May 2025Stockholder proposal titled "Support Simple Majority Vote."
Vertex Pharmaceuticals Incorporated14 May 2025Shareholder proposal, if properly presented at the meeting, regarding excessive golden parachutes.
The Travelers Companies, Inc.21 May 2025Shareholder proposal relating to ratification of golden parachutes, if presented at the Annual Meeting of...
Illinois Tool Works Inc.2 May 2025A non-binding stockholder proposal, if properly presented at the meeting, for stockholder ratification of...
Air Products and Chemicals, Inc.23 Jan 2025The Mantle Ridge Parties' proposal to repeal any provision of, or amendment to, the Bylaws that the Board...
Capital One Financial Corporation8 May 2025Stockholder proposal to require a shareholder vote on golden parachute arrangements.
Marathon Petroleum Corporation30 Apr 2025Shareholder proposal to support a simple majority vote.
Synopsys, Inc.10 Apr 2025To vote on a stockholder proposal regarding shareholder ratification of golden parachutes
Airbnb, Inc.4 Jun 2025To consider one stockholder proposal regarding voting disclosure
Agilent Technologies, Inc.13 Mar 2025Declassify the Board of Directors
eBay Inc.25 Jun 2025Shareholder proposal: CORPORATE GOVERNANCE
WEC Energy Group, Inc.8 May 2025Stockholder proposal to support simple majority vote
IDEXX Laboratories, Inc.7 May 2025Declassify the Board of Directors
HCA Healthcare, Inc.24 Apr 2025Stockholder proposal, if properly presented at the meeting, regarding lavish golden parachutes.
Diamondback Energy, Inc.21 May 2025Stockholder proposal regarding certain executive severance arrangements.
Cardinal Health, Inc.6 Nov 2024Corporate governance
T. Rowe Price Group, Inc.8 May 2025Consider a stockholder proposal for a shareholder approval requirement for excessive golden parachutes.
Baxter International Inc.6 May 2025Adopt Share Retention Policy For Senior Executives
PACCAR Inc29 Apr 2025Stockholder proposal regarding a shareholder vote on excessive golden parachutes
Snowflake Inc.2 Jul 2024To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal...
Keysight Technologies, Inc.20 Mar 2025Declassify the Board of Directors
ORGANON & CO.10 Jun 2025Corporate governance
Regions Financial Corporation16 Apr 2025Shareholder Proposal Relating to Simple Majority Vote.
HubSpot, Inc.4 Jun 2025Adopt Simple Majority Vote
Skyworks Solutions, Inc.14 May 2025To approve a stockholder proposal regarding simple majority vote.
Hologic, Inc.26 Feb 2025Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter...
CF Industries Holdings, Inc.6 May 2025Shareholder proposal regarding shareholder approval requirement for excessive golden parachutes

Shares on loan

Dimensional reported 38.48 billion shares on loan at record dates against 644.50 billion shares voted: 5.63% 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 Dimensional vote on executive pay?

In the year to 30 June 2025 Dimensional reported 36,615 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 29,129 were for (79.6%), 7,486 against and 0 abstentions. Counting one item per company meeting, it voted against management on 710 of the 2,775 say-on-pay items it marked either way. A further 10 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does Dimensional vote against management?

12.5% of the time in the year to 30 June 2025: 124,662 of the 1,000,577 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 2,650 votes on proposals from security holders in the year to 30 June 2025 and voted for 175 of them (6.6%). Across every category it voted for 60.8% 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 2025

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.