Home / Families / Dodge & Cox / year to 30 June 2024
Dodge & Cox
One season of the Dodge & Cox record. The family page shows the latest season.
- Vote records reported
- 8,742year to 30 June 2024
- Against management
- 5.8%484 of 8,284 marked votes
- Say-on-pay support
- 95.7%for, of for + against + abstain
- Shareholder-proposal support
- 16.9%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 2024, Dodge & Cox listed 8,742 vote records. Votes against management made up 5.8% of those marked either way (484 of 8,284); the median of the fund families tracked here stood at 8.5%.
Weighted by the number of shares voted, the against-management share is 1.0%. 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 95.7% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 89.0%) and it voted for 16.9% 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 EXTRAORDINARY TRANSACTIONS (28.1% of 96), CORPORATE GOVERNANCE (11.5% of 1,734) and CAPITAL STRUCTURE (7.9% of 871).
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 2024 | This family | Median family | All filers pooled |
|---|---|---|---|
| Against-management share | 5.8% | 8.5% | 10.2% |
| Say-on-pay support rate | 95.7% | 89.0% | 84.6% |
| Shareholder-proposal support rate | 16.9% | 35.1% | 37.0% |
| Shares on loan, share of shares held | 0.00% | 1.34% | 0.08% |
| 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% |
Of the 8,742 vote records in this filing, 459 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) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| DIRECTOR ELECTIONS | 4,068 | 3,824 | 152 | 3.5% | |
| SECTION 14A SAY-ON-PAY VOTES | 391 | 334 | 15 | 3.8% | |
| AUDIT-RELATED | 484 | 481 | 3 | 0.4% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 20 | 10 | 10 | 25.0% | |
| EXTRAORDINARY TRANSACTIONS | 96 | 69 | 3 | 28.1% | |
| CAPITAL STRUCTURE | 871 | 803 | 64 | 7.9% | |
| COMPENSATION | 808 | 728 | 74 | 5.7% | |
| CORPORATE GOVERNANCE | 1,794 | 1,521 | 214 | 11.5% | |
| ENVIRONMENT OR CLIMATE | 133 | 24 | 109 | 0.0% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 81 | 14 | 67 | 0.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 66 | 14 | 52 | 0.0% | |
| OTHER SOCIAL ISSUES | 185 | 35 | 150 | 0.5% | |
| OTHER | 79 | 72 | 5 | 4.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 8,742 | 5.8% | 95.7% | 16.9% | |
| year to 30 June 2025 | 8,592 | 5.2% | 96.9% | 36.1% | |
| year to 30 June 2026 | 9,173 | 5.1% | 97.1% | 36.9% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Dodge & Cox voted against management on 11 of the 175 it marked either way (6.3%) in the year to 30 June 2024.
A further 4 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- Broadcom Inc. 22 Apr 2024
- BlackRock, Inc. 15 May 2024
- 3M Company 14 May 2024
- THE BOEING COMPANY 17 May 2024
- Analog Devices, Inc. 13 Mar 2024
- Air Products and Chemicals, Inc. 25 Jan 2024
- The Travelers Companies, Inc. 15 May 2024
- Norfolk Southern Corporation 9 May 2024
- Hess Corporation 15 May 2024
- Hess Corporation 28 May 2024
- APA CORPORATION 23 May 2024
Shareholder proposals it supported
Of 152 proposals from security holders that could be told apart in the filings and on which it cast a vote, Dodge & Cox voted for 24 (15.8%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| Bank of America Corporation | 24 Apr 2024 | Shareholder proposal requesting right to act by written consent |
| ConocoPhillips | 14 May 2024 | Simple Majority Vote. |
| The Cigna Group | 24 Apr 2024 | Shareholder proposal - improve the shareholder right to call a special shareholder meeting. |
| Regeneron Pharmaceuticals, Inc. | 14 Jun 2024 | Non-binding shareholder proposal requesting simple majority voting requirements |
| Meta Platforms, Inc. | 29 May 2024 | A shareholder proposal regarding dual class capital structure. |
| Petroleo Brasileiro SA | 25 Apr 2024 | Shareholder proposal: AUDIT-RELATED |
| Itau Unibanco Holding SA | 23 Apr 2024 | Please note that votes 'in favor' and 'against' in the same agenda item are not allowed. only votes in... |
| Suzano SA | 25 Apr 2024 | Audit-related; corporate governance |
| China Pacific Insurance (Group) Co., Ltd. | 6 Jun 2024 | Approve Amendments to Articles of Association and Related Transactions |
| Haier Smart Home Co., Ltd. | 20 Jun 2024 | Approve 2024 A Share Core Employee Stock Ownership Plan (Draft) and Its Summary |
| Haier Smart Home Co., Ltd. | 20 Jun 2024 | Approve Adjustment of Directors' Remuneration |
| Haier Smart Home Co., Ltd. | 20 Jun 2024 | Shareholder proposal: AUDIT-RELATED |
| Ambev SA | 30 Apr 2024 | Please note that votes 'in favor' and 'against' in the same agenda item are not allowed. only votes in... |
| Fuyao Glass Industry Group Co., Ltd. | 16 Jan 2024 | Shareholder proposal: AUDIT-RELATED |
| Fuyao Glass Industry Group Co., Ltd. | 16 Jan 2024 | Shareholder proposal: AUDIT-RELATED |
| Centrais Eletricas Brasileiras SA | 26 Apr 2024 | Shareholder proposal: AUDIT-RELATED |
| Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited | 30 May 2024 | Shareholder proposal: CORPORATE GOVERNANCE |
| Cielo SA | 23 Apr 2024 | Shareholder proposal: CORPORATE GOVERNANCE |
| Cielo SA | 23 Apr 2024 | Approve Independent Firm's Fees |
| Cielo SA | 23 Apr 2024 | Shareholder proposal: CORPORATE GOVERNANCE |
| Cielo SA | 23 Apr 2024 | Shareholder proposal: CORPORATE GOVERNANCE |
| Braskem SA | 28 Jul 2023 | Shareholder proposal: AUDIT-RELATED |
| Braskem SA | 29 Apr 2024 | Shareholder proposal: AUDIT-RELATED |
| Yonghui Superstores Co., Ltd. | 29 Dec 2023 | Shareholder proposal: AUDIT-RELATED |
Shares on loan
Dodge & Cox reported no shares on loan for the year to 30 June 2024. 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 Dodge & Cox vote on executive pay?
In the year to 30 June 2024 Dodge & Cox reported 349 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 334 were for (95.7%), 15 against and 0 abstentions. Counting one item per company meeting, it voted against management on 11 of the 175 say-on-pay items it marked either way. A further 4 say-on-pay items were reported without a management mark and are not counted in that figure.
How often does Dodge & Cox vote against management?
5.8% of the time in the year to 30 June 2024: 484 of the 8,284 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 Dodge & Cox support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 109 votes on proposals from security holders in the year to 30 June 2024 and voted for 0 of them (0.0%). Across every category it voted for 16.9% 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 Dodge & Cox 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 Dodge & Cox, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.