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Home / Families / Fidelity / year to 30 June 2025

Form N-PX · fund family · year to 30 June 202539 filers grouped

Fidelity

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

Vote records reported
1,409,902year to 30 June 2025
Against management
6.1%81,021 of 1,325,500 marked votes
Say-on-pay support
95.3%for, of for + against + abstain
Shareholder-proposal support
29.6%for, of for + against + abstain
90.6% for6.5% against2.8% other6.1% against management1,345,467 votes

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

For the year to 30 June 2025, Fidelity reported 1,409,902 vote records on Form N-PX. 81,021 of the 1,325,500 votes that were marked for or against management went against management: 6.1%, 1.5 percentage points below the median of the fund families tracked here (7.6%).

Weighted by the number of shares voted, the against-management share is 7.6%. 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 95.3% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 29.6% 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 INVESTMENT COMPANY MATTERS (25.3% of 75), SHAREHOLDER RIGHTS AND DEFENSES (23.0% of 3,677) and EXTRAORDINARY TRANSACTIONS (20.7% of 13,461).

It reported 25.59 billion shares out on loan at record dates, 1.62% 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 share6.1%7.6%9.7%
Say-on-pay support rate95.3%88.8%84.3%
Shareholder-proposal support rate29.6%29.5%33.0%
Shares on loan, share of shares held1.62%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%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Of the 1,409,902 vote records in this filing, 78,988 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 ELECTIONS770,238718,12521,3015.2%
SECTION 14A SAY-ON-PAY VOTES75,89366,2193,2305.3%
AUDIT-RELATED101,077100,1598370.6%
INVESTMENT COMPANY MATTERS75541225.3%
SHAREHOLDER RIGHTS AND DEFENSES4,2213,43357323.0%
EXTRAORDINARY TRANSACTIONS13,48110,6572,81020.7%
CAPITAL STRUCTURE111,836102,5269,2808.3%
COMPENSATION99,16884,94914,00811.2%
CORPORATE GOVERNANCE172,631152,04819,8238.0%
ENVIRONMENT OR CLIMATE11,5641,9329,6295.1%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE3,4481,0792,3452.1%
DIVERSITY, EQUITY, AND INCLUSION7,0101,2095,7981.8%
OTHER SOCIAL ISSUES13,7334,1979,5356.8%
OTHER7,7545,4742,2198.2%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20241,441,4166.9%94.1%31.9%
year to 30 June 20251,409,9026.1%95.3%29.6%
year to 30 June 20261,392,6606.0%94.7%27.6%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Fidelity voted against management on 207 of the 3,167 it marked either way (6.5%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.

A further 11 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 1,663 proposals from security holders that could be told apart in the filings and on which it cast a vote, Fidelity voted for 656 (39.4%). 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.21 May 2025Shareholder proposal requesting additional reporting on impact of data centers on climate commitments
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 hate targeting marginalized communities.
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
AbbVie Inc.9 May 2025Stockholder Proposal - to Implement Simple Majority Vote
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.
THE SOUTHERN COMPANY21 May 2025Stockholder proposal regarding simple majority vote
Boston Scientific Corporation1 May 2025Stockholder proposal titled "Support Simple Majority Vote."
Phillips 6621 May 2025The Company's proposal to approve the declassification of the Board of Directors
Autodesk, Inc.16 Jul 2024To consider and vote upon a stockholder proposal, if properly presented at the Annual Meeting, to enable...
Marathon Petroleum Corporation30 Apr 2025Shareholder proposal to support a simple majority vote.
Airbnb, Inc.4 Jun 2025To consider one stockholder proposal regarding voting disclosure
Agilent Technologies, Inc.13 Mar 2025Declassify the Board of Directors
WEC Energy Group, Inc.8 May 2025Stockholder proposal to support simple majority vote
IDEXX Laboratories, Inc.7 May 2025Declassify the Board of Directors
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
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.
CMS Energy Corporation2 May 2025Vote on a Shareholder Proposal: Support Shareholder Ability to Call for a Special Shareholder Meeting.
DraftKings Inc.19 May 2025To consider a shareholder proposal regarding board matrix disclosure.
Teradyne, Inc.9 May 2025To vote on a shareholder proposal requiring the Company to prepare a report about political contributions...
Hologic, Inc.26 Feb 2025Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter...
Albemarle Corporation6 May 2025Shareholder proposal regarding simple majority vote.
Alexandria Real Estate Equities, Inc.13 May 2025To consider and vote upon a stockholder proposal titled "Simple Majority Vote".
Teledyne Technologies Incorporated23 Apr 2025Approval of a stockholder proposal to support shareholder ability to call for a special shareholder meeting
LKQ Corporation7 May 2025Advisory vote on a shareholder proposal to give shareholders the ability to call for a special shareholder...
Markel Group Inc.21 May 2025Shareholder proposal for simple majority vote.
Fortune Brands Innovations, Inc.14 May 2025If properly presented, a stockholder proposal to eliminate supermajority voting requirements.
Jabil Inc.23 Jan 2025Corporate governance
Fidelity National Financial, Inc.11 Jun 2025Declassify the Board of Directors
BJ's Wholesale Club Holdings, Inc.19 Jun 2025Vote on a shareholder proposal regarding a report on greenhouse gas emissions reduction efforts
EPAM Systems, Inc.22 May 2025To hold an advisory vote on a stockholder proposal relating to a simple majority vote.
Entegris, Inc.23 Apr 2025Stockholder Proposal Regarding Simple Majority Voting.

Shares on loan

Fidelity reported 25.59 billion shares on loan at record dates against 1.55 trillion shares voted: 1.62% 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 Fidelity vote on executive pay?

In the year to 30 June 2025 Fidelity reported 69,450 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 66,219 were for (95.3%), 3,230 against and 1 abstentions. Counting one item per company meeting, it voted against management on 207 of the 3,167 say-on-pay items it marked either way. A further 11 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does Fidelity vote against management?

6.1% of the time in the year to 30 June 2025: 81,021 of the 1,325,500 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 Fidelity support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 10,210 votes on proposals from security holders in the year to 30 June 2025 and voted for 580 of them (5.7%). Across every category it voted for 29.6% 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 Fidelity 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 Fidelity, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.