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Home / Families / Federated Hermes / year to 30 June 2025

Form N-PX · fund family · year to 30 June 202516 filers grouped

Federated Hermes

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

Vote records reported
76,535year to 30 June 2025
Against management
6.7%5,080 of 75,809 marked votes
Say-on-pay support
91.6%for, of for + against + abstain
Shareholder-proposal support
24.8%for, of for + against + abstain
90.2% for7.1% against2.7% other6.7% against management76,535 votes

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

For the year to 30 June 2025, Federated Hermes reported 76,535 vote records on Form N-PX. 5,080 of the 75,809 votes that were marked for or against management went against management: 6.7%, close to the median of the fund families tracked here (7.6%).

Weighted by the number of shares voted, the against-management share is 9.6%. 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 91.6% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 24.8% 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 HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (24.8% of 234), SHAREHOLDER RIGHTS AND DEFENSES (21.8% of 1,136) and OTHER SOCIAL ISSUES (13.9% of 620).

It reported 97.4 million shares out on loan at record dates, 0.64% 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 share6.7%7.6%9.7%
Say-on-pay support rate91.6%88.8%84.3%
Shareholder-proposal support rate24.8%29.5%33.0%
Shares on loan, share of shares held0.64%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%
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 ELECTIONS44,80941,7241,8516.5%
SECTION 14A SAY-ON-PAY VOTES9,1407,7826698.2%
AUDIT-RELATED5,8985,864200.3%
INVESTMENT COMPANY MATTERS80812.5%
SHAREHOLDER RIGHTS AND DEFENSES1,19294624621.8%
EXTRAORDINARY TRANSACTIONS351305123.4%
CAPITAL STRUCTURE3,7583,4572856.7%
COMPENSATION3,8613,16867411.0%
CORPORATE GOVERNANCE5,8485,5192665.0%
ENVIRONMENT OR CLIMATE521264952.1%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE2346117324.8%
DIVERSITY, EQUITY, AND INCLUSION296242599.9%
OTHER SOCIAL ISSUES63217744313.9%
OTHER231070.0%

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 168 of the 1,776 it marked either way (9.5%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.

A further 9 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 565 proposals from security holders that could be told apart in the filings and on which it cast a vote, Federated Hermes voted for 157 (27.8%). 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 Corporation10 Dec 2024Report on Data Operations in Human Rights Hotspots
Microsoft Corporation10 Dec 2024Report on AI Data Sourcing Accountability
Amazon.com, Inc.21 May 2025Shareholder proposal requesting a report on warehouse working conditions
Amazon.com, Inc.21 May 2025Shareholder Proposal Regarding Separation of CEO and Chair Positions
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 report on child safety impacts and actual harm reduction to children.
Visa Inc.28 Jan 2025S/H Proposal - Corporate Governance
JPMorgan Chase & Co.20 May 2025Support for an independent board chairman
The Home Depot, Inc.22 May 2025Shareholder Proposal Regarding Independent Board Chair
Netflix, Inc.5 Jun 2025Shareholder proposal: CORPORATE GOVERNANCE
CHEVRON CORPORATION28 May 2025Allow Holders of 10 Percent of Our Common Stock to Call Special Meetings
Comcast Corporation18 Jun 2025Adopt policy for an independent chair
Wells Fargo & Company29 Apr 2025Shareholder Proposal - Annual Report on Prevention of Workplace Harassment and Discrimination.
RTX CORPORATION1 May 2025Shareowner Proposal Requesting a Lobbying Transparency Report
Texas Instruments Incorporated17 Apr 2025Stockholder proposal to permit a combined 10% of stockholders to call a special meeting.
HONEYWELL INTERNATIONAL INC.20 May 2025Shareowner Proposal - Independent Board Chairman.
Starbucks Corporation12 Mar 2025Shareholder proposal regarding independent board chair requirements
Stryker Corporation8 May 2025Shareholder Proposal to Support Transparency in Political Spending.
Gilead Sciences, Inc.7 May 2025To vote on a stockholder proposal requesting a comprehensive human rights policy and human rights due...
Gilead Sciences, Inc.7 May 2025To vote on a stockholder proposal requesting an independent Board Chair policy
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
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.
PayPal Holdings, Inc.5 Jun 2025Stockholder Proposal - Reduce Threshold to Call Special Meetings of Stockholders.
Booking Holdings Inc.3 Jun 2025Reduce Ownership Threshold for Shareholders to Call Special Meeting
Colgate-Palmolive Company9 May 2025Stockholder proposal entitled "Support an independent Board Chairman."
Boston Scientific Corporation1 May 2025Stockholder proposal titled "Support Simple Majority Vote."
FedEx Corporation23 Sep 2024Stockholder proposal regarding a Just Transition report.
Carrier Global Corporation9 Apr 2025Shareowner Proposal Requesting a Lobbying Transparency Report
Phillips 6621 May 2025Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES
Prologis, Inc.8 May 2025Vote on a stockholder proposal titled "Support a Reasonable Shareholder Ability to Call for a Special...
Autodesk, Inc.16 Jul 2024To consider and vote upon a stockholder proposal, if properly presented at the Annual Meeting, to enable...
Chipotle Mexican Grill, Inc.11 Jun 2025Shareholder Proposal - Requesting an independent Board Chair.
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...
McKesson Corporation31 Jul 2024Shareholder Proposal on Report on Risks of State Policies Restricting Reproductive Health Care
McKesson Corporation31 Jul 2024Shareholder Proposal on Independent Board Chairman
Otis Worldwide Corporation15 May 2025Shareholder proposal regarding reporting on political contributions and expenditures
Cummins Inc.13 May 2025Require Independent Board Chair
Synopsys, Inc.10 Apr 2025To vote on a stockholder proposal regarding shareholder ratification of golden parachutes

Shares on loan

Federated Hermes reported 97.4 million shares on loan at record dates against 15.16 billion shares voted: 0.64% 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 Federated Hermes vote on executive pay?

In the year to 30 June 2025 Federated Hermes reported 8,498 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 7,782 were for (91.6%), 669 against and 47 abstentions. Counting one item per company meeting, it voted against management on 168 of the 1,776 say-on-pay items it marked either way. A further 9 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?

6.7% of the time in the year to 30 June 2025: 5,080 of the 75,809 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 506 votes on proposals from security holders in the year to 30 June 2025 and voted for 11 of them (2.2%). Across every category it voted for 24.8% 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 Federated Hermes 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 Federated Hermes, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.