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Home / Families / First Trust / year to 30 June 2024

Form N-PX · fund family · year to 30 June 202423 filers grouped

First Trust

One season of the First Trust record. The family page shows the latest season.

Vote records reported
209,054year to 30 June 2024
Against management
7.6%15,836 of 207,285 marked votes
Say-on-pay support
90.4%for, of for + against + abstain
Shareholder-proposal support
25.9%for, of for + against + abstain
88.0% for7.4% against4.6% other7.6% against management209,464 votes

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

In its Form N-PX for the year to 30 June 2024, First Trust listed 209,054 vote records. Votes against management made up 7.6% of those marked either way (15,836 of 207,285); the median of the fund families tracked here stood at 8.5%.

Weighted by the number of shares voted, the against-management share is 9.1%. 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 90.4% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 89.0%) and it voted for 25.9% 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 SHAREHOLDER RIGHTS AND DEFENSES (27.9% of 612), INVESTMENT COMPANY MATTERS (17.6% of 34) and COMPENSATION (15.6% of 14,118).

It reported 875.9 million shares out on loan at record dates, 2.05% 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 share7.6%8.5%10.2%
Say-on-pay support rate90.4%89.0%84.6%
Shareholder-proposal support rate25.9%35.1%37.0%
Shares on loan, share of shares held2.05%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 ELECTIONS126,702115,6814,1377.3%
SECTION 14A SAY-ON-PAY VOTES14,60211,4261,2029.0%
AUDIT-RELATED15,38415,1651080.6%
INVESTMENT COMPANY MATTERS3428317.6%
SHAREHOLDER RIGHTS AND DEFENSES6735496127.9%
EXTRAORDINARY TRANSACTIONS1,1781,01312511.0%
CAPITAL STRUCTURE10,5759,8286737.2%
COMPENSATION14,22711,5982,46015.6%
CORPORATE GOVERNANCE24,31321,5652,2619.3%
ENVIRONMENT OR CLIMATE2,6473772,2442.5%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE1,3692981,0594.6%
DIVERSITY, EQUITY, AND INCLUSION1,4942901,1792.8%
OTHER SOCIAL ISSUES3,4336312,7293.9%
OTHER8246831294.4%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024209,0547.6%90.4%25.9%
year to 30 June 2025210,6577.7%86.8%27.0%
year to 30 June 2026214,7578.0%87.7%33.8%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, First Trust voted against management on 215 of the 2,015 it marked either way (10.7%) in the year to 30 June 2024. The 40 companies with the most reporting filers are listed.

Shareholder proposals it supported

Of 1,033 proposals from security holders that could be told apart in the filings and on which it cast a vote, First Trust voted for 312 (30.2%). 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 Corporation26 Jun 2024Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter...
JPMorgan Chase & Co.21 May 2024Shareholder opportunity to vote on excessive golden parachutes
JPMorgan Chase & Co.21 May 2024Independent board chairman
Merck & Co., Inc.28 May 2024Shareholder proposal regarding a shareholder right to act by written consent
The Home Depot, Inc.16 May 2024Shareholder Proposal Regarding Enhancements to the Company's Clawback Policy
AbbVie Inc.3 May 2024Stockholder Proposal - to Implement Simple Majority Vote
The Procter & Gamble Company10 Oct 2023Shareholder Proposal - Request to Require Shareholder Approval for Certain Future Amendments to Company...
Bank of America Corporation24 Apr 2024Shareholder proposal requesting independent board chair
The Walt Disney Company3 Apr 2024Shareholder proposal: CORPORATE GOVERNANCE
Verizon Communications Inc.9 May 2024Amend clawback policy
Verizon Communications Inc.9 May 2024Lobbying activities report
Verizon Communications Inc.9 May 2024Independent Board chair
Netflix, Inc.6 Jun 2024Stockholder proposal entitled, "Proposal 8 - Special Shareholder Meeting Improvement,"
Oracle Corporation15 Nov 2023Stockholder Proposal Regarding Independent Board Chairman
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 2024Adopt Share Retention Policy For Senior Executives
Advanced Micro Devices, Inc.8 May 2024Stockholder proposal regarding special meeting right.
ConocoPhillips14 May 2024Simple Majority Vote.
Texas Instruments Incorporated25 Apr 2024Stockholder proposal to permit a combined 15% of stockholders to call a special meeting.
Texas Instruments Incorporated25 Apr 2024Stockholder proposal to report on due diligence efforts to identify risks associated with product misuse.
International Business Machines Corporation30 Apr 2024Stockholder Proposal Requesting a Right to Act by Written Consent
RTX CORPORATION2 May 2024Shareowner Proposal Requesting a Lobbying Transparency Report
American Express Company6 May 2024Shareholder proposal relating to golden parachutes.
American Tower Corporation22 May 2024To consider a stockholder proposal, if properly presented, regarding the ownership threshold required to...
United Parcel Service, Inc.2 May 2024To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share.
Deere & Company28 Feb 2024Shareholder proposal regarding shareholder ratification of golden parachutes
ServiceNow, Inc.23 May 2024Shareholder proposal regarding simple majority vote.
Gilead Sciences, Inc.8 May 2024To vote on a stockholder proposal requesting that the Board adopt a policy requiring the Company's named...
LOCKHEED MARTIN CORPORATION2 May 2024Stockholder Proposal Requesting Reduction in Threshold to Call Special Stockholder Meetings
The Goldman Sachs Group, Inc.24 Apr 2024Shareholder Proposal Regarding a Policy for an Independent Chair
Booking Holdings Inc.4 Jun 2024Stockholder proposal requesting a non-binding stockholder vote to amend the Company's clawback policy.
DUKE ENERGY CORPORATION9 May 2024Adopt Share Retention Policy For Senior Executives
Prologis, Inc.9 May 2024Vote on a stockholder proposal titled "Simple Majority Vote."
Emerson Electric Co.6 Feb 2024Shareholder Proposal to Implement a Simple Majority Vote Requirement in the Company's Governing Documents.
The Cigna Group24 Apr 2024Shareholder proposal - improve the shareholder right to call a special shareholder meeting.
Vertex Pharmaceuticals Incorporated15 May 2024Shareholder proposal, if properly presented at the meeting, regarding special shareholder meeting improvement.
Analog Devices, Inc.13 Mar 2024Shareholder proposal regarding simple majority voting
WARNER BROS. DISCOVERY, INC.3 Jun 2024To vote on a stockholder proposal entitled, "Adopt a Shareholder Right to Call a Special Shareholder Meeting"

Shares on loan

First Trust reported 875.9 million shares on loan at record dates against 41.88 billion shares voted: 2.05% 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 First Trust vote on executive pay?

In the year to 30 June 2024 First Trust reported 12,634 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 11,426 were for (90.4%), 1,202 against and 6 abstentions. Counting one item per company meeting, it voted against management on 215 of the 2,015 say-on-pay items it marked either way.

How often does First Trust vote against management?

7.6% of the time in the year to 30 June 2024: 15,836 of the 207,285 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 First Trust support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 2,309 votes on proposals from security holders in the year to 30 June 2024 and voted for 64 of them (2.8%). Across every category it voted for 25.9% 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 First Trust 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 First Trust, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.