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Home / Families / Federated Hermes / year to 30 June 2024

Form N-PX · fund family · year to 30 June 202420 filers grouped

Federated Hermes

One season of the Federated Hermes record. The family page shows the latest season.

Vote records reported
74,887year to 30 June 2024
Against management
7.9%5,811 of 73,753 marked votes
Say-on-pay support
90.3%for, of for + against + abstain
Shareholder-proposal support
28.0%for, of for + against + abstain
87.3% for8.5% against4.3% other7.9% against management74,887 votes

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

For the year to 30 June 2024, Federated Hermes reported 74,887 vote records on Form N-PX. 5,811 of the 73,753 votes that were marked for or against management went against management: 7.9%, close to the median of the fund families tracked here (8.5%).

Weighted by the number of shares voted, the against-management share is 8.2%. 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 90.3% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 89.0%) and it voted for 28.0% 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 SHAREHOLDER RIGHTS AND DEFENSES (37.7% of 685), HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (22.7% of 466) and OTHER SOCIAL ISSUES (17.2% of 965).

It reported 273.5 million shares out on loan at record dates, 2.08% 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 share7.9%8.5%10.2%
Say-on-pay support rate90.3%89.0%84.6%
Shareholder-proposal support rate28.0%35.1%37.0%
Shares on loan, share of shares held2.08%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%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%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)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS43,19539,4062,1697.4%
SECTION 14A SAY-ON-PAY VOTES8,9867,0107519.0%
AUDIT-RELATED5,3955,338210.4%
SHAREHOLDER RIGHTS AND DEFENSES73561112237.7%
EXTRAORDINARY TRANSACTIONS316292184.2%
CAPITAL STRUCTURE3,5673,3391997.0%
COMPENSATION4,1093,31872713.3%
CORPORATE GOVERNANCE6,0845,5873647.3%
ENVIRONMENT OR CLIMATE541574777.6%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE47910635722.7%
DIVERSITY, EQUITY, AND INCLUSION454404148.8%
OTHER SOCIAL ISSUES99224370517.2%
OTHER3412210.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 202474,8877.9%90.3%28.0%
year to 30 June 202576,5356.7%91.6%24.8%
year to 30 June 202680,8537.0%92.2%36.7%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Federated Hermes voted against management on 199 of the 1,756 it marked either way (11.3%) in the year to 30 June 2024. The 40 companies with the most reporting filers are listed.

A further 2 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 576 proposals from security holders that could be told apart in the filings and on which it cast a vote, Federated Hermes voted for 161 (28.0%). 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
Microsoft Corporation7 Dec 2023Report on Data Operations in Human Rights Hotspots
Amazon.com, Inc.22 May 2024Commission Third Party Assessment on Company's Commitment to Freedom of Association and Collective Bargaining
Amazon.com, Inc.22 May 2024Commission a Third Party Audit on Working Conditions
Apple Inc.28 Feb 2024A shareholder proposal requesting a report on the use of Al
NVIDIA Corporation26 Jun 2024Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter...
Visa Inc.23 Jan 2024To vote on a stockholder proposal requesting that the Board adopt a policy to seek shareholder...
JPMorgan Chase & Co.21 May 2024Independent board chairman
Mastercard Incorporated18 Jun 2024Consideration of a stockholder proposal requesting transparency in lobbying. 5.consideration of a...
Adobe Inc.17 Apr 2024Shareholder proposal: CORPORATE GOVERNANCE
The Procter & Gamble Company10 Oct 2023Shareholder Proposal - Request to Require Shareholder Approval for Certain Future Amendments to Company...
Salesforce, Inc.27 Jun 2024Require Independent Board Chair
PEPSICO, INC.1 May 2024Shareholder proposal: CORPORATE GOVERNANCE
Bank of America Corporation24 Apr 2024Shareholder proposal requesting independent board chair
Pfizer Inc.25 Apr 2024Adopt an Independent Board Chair Policy
Pfizer Inc.25 Apr 2024Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES
Verizon Communications Inc.9 May 2024Independent Board chair
Netflix, Inc.6 Jun 2024Stockholder proposal entitled, "Proposal 8 - Special Shareholder Meeting Improvement,"
Netflix, Inc.6 Jun 2024Report on Use of Artificial Intelligence
Netflix, Inc.6 Jun 2024Shareholder proposal: CORPORATE GOVERNANCE
Oracle Corporation15 Nov 2023Stockholder Proposal Regarding Pay Gap Report
Oracle Corporation15 Nov 2023Stockholder Proposal Regarding Independent Board Chairman
Tesla, Inc.13 Jun 2024A stockholder proposal regarding annual reporting on anti-harassment and discrimination efforts
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
Danaher Corporation7 May 2024Reduce Ownership Threshold for Shareholders to Call Special Meeting
Bristol-Myers Squibb Company7 May 2024Require Independent Board Chair
Advanced Micro Devices, Inc.8 May 2024Stockholder proposal regarding special meeting right.
NextEra Energy, Inc.23 May 2024Disclose Board Skills and Diversity Matrix
AT&T INC.16 May 2024Independent Board Chairman
ConocoPhillips14 May 2024Simple Majority Vote.
Texas Instruments Incorporated25 Apr 2024Stockholder proposal to permit a combined 15% of stockholders to call a special meeting.
Wells Fargo & Company30 Apr 2024Shareholder Proposal - Annual Report on Prevention of Workplace Harassment and Discrimination.
Wells Fargo & Company30 Apr 2024Shareholder Proposal - Transparency in Lobbying Annual Report.
Wells Fargo & Company30 Apr 2024Shareholder Proposal - Third-Party Assessment of Respect for Freedom of Association and Collective Bargaining.
Target Corporation12 Jun 2024Shareholder proposal to adopt a policy for an independent board chair.
CATERPILLAR INC.12 Jun 2024Shareholder Proposal - Independent Board Chairman
CVS Health Corporation16 May 2024Shareholder proposal: CORPORATE GOVERNANCE
RTX CORPORATION2 May 2024Shareowner Proposal Requesting a Lobbying Transparency Report
American Tower Corporation22 May 2024To consider a stockholder proposal, if properly presented, regarding the ownership threshold required to...
Mondelez International, Inc.22 May 2024S/h proposal - establish independent chairman

Shares on loan

Federated Hermes reported 273.5 million shares on loan at record dates against 12.91 billion shares voted: 2.08% 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 Federated Hermes vote on executive pay?

In the year to 30 June 2024 Federated Hermes reported 7,763 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 7,007 were for (90.3%), 751 against and 5 abstentions. Counting one item per company meeting, it voted against management on 199 of the 1,756 say-on-pay items it marked either way. A further 2 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does Federated Hermes vote against management?

7.9% of the time in the year to 30 June 2024: 5,811 of the 73,753 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 Federated Hermes support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 517 votes on proposals from security holders in the year to 30 June 2024 and voted for 34 of them (6.6%). Across every category it voted for 28.0% 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 Federated Hermes 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 Federated Hermes, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.