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Home / Families / Goldman Sachs / year to 30 June 2025

Form N-PX · fund family · year to 30 June 202511 filers grouped

Goldman Sachs

One season of the Goldman Sachs record. The family page shows the latest season.

Vote records reported
203,080year to 30 June 2025
Against management
6.5%12,818 of 197,886 marked votes
Say-on-pay support
92.5%for, of for + against + abstain
Shareholder-proposal support
14.5%for, of for + against + abstain
90.2% for6.5% against3.3% other6.5% against management199,107 votes

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

Goldman Sachs reported 203,080 vote records for the year to 30 June 2025. It marked 6.5% of its votes as cast against management (12,818 of 197,886), 1.1 percentage points below the median of the fund families tracked here, which was 7.6%.

Weighted by the number of shares voted, the against-management share is 5.5%. 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 92.5% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 14.5% 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 SHAREHOLDER RIGHTS AND DEFENSES (22.5% of 547), COMPENSATION (10.3% of 13,159) and SECTION 14A SAY-ON-PAY VOTES (7.7% of 16,770).

It reported 1.38 billion shares out on loan at record dates, 1.41% 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 share6.5%7.6%9.7%
Say-on-pay support rate92.5%88.8%84.3%
Shareholder-proposal support rate14.5%29.5%33.0%
Shares on loan, share of shares held1.41%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 ELECTIONS119,215110,4533,6827.0%
SECTION 14A SAY-ON-PAY VOTES16,77514,2461,1507.7%
AUDIT-RELATED15,71615,603930.4%
SHAREHOLDER RIGHTS AND DEFENSES6005473822.5%
EXTRAORDINARY TRANSACTIONS1,1181,027877.7%
CAPITAL STRUCTURE12,04711,3586816.1%
COMPENSATION13,23211,4221,76610.3%
CORPORATE GOVERNANCE18,98916,6572,2145.9%
ENVIRONMENT OR CLIMATE2,1033191,7721.3%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE6642324320.6%
DIVERSITY, EQUITY, AND INCLUSION1,2862401,0381.5%
OTHER SOCIAL ISSUES2,3666521,7051.4%
OTHER6022863122.4%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024202,3927.9%90.5%17.7%
year to 30 June 2025203,0806.5%92.5%14.5%
year to 30 June 2026330,5627.4%93.1%32.3%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Goldman Sachs voted against management on 243 of the 2,943 it marked either way (8.3%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.

A further 76 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 933 proposals from security holders that could be told apart in the filings and on which it cast a vote, Goldman Sachs voted for 202 (21.7%). 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
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 dual class capital structure.
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."
Air Products and Chemicals, Inc.23 Jan 2025Shareholder Proposal to Amend the Bylaws to Repeal any Amendments Adopted after September 17, 2023
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
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.
Monolithic Power Systems, Inc.12 Jun 2025Vote on a stockholder proposal to give shareholders the ability to call for a special shareholder meeting.
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.
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...
CarMax, Inc.24 Jun 2025To vote on a shareholder proposal regarding a shareholder special meeting right.
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.
Fidelity National Financial, Inc.11 Jun 2025Declassify the Board of Directors
Molina Healthcare, Inc.30 Apr 2025Stockholder proposal regarding stockholders ability to call a special stockholders meeting
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.
DT Midstream, Inc.6 May 2025Stockholder Proposal to Support Shareholder Ability to Call for a Special Shareholder Meeting.
Revvity, Inc.22 Apr 2025To approve the shareholder proposal regarding ability to call a special shareholder meeting
US Foods Holding Corp.22 May 2025Stockholder proposal to adopt a right to call a special stockholder meeting at a 15% aggregate ownership...
Carvana Co.5 May 2025To vote upon a stockholder proposal regarding simple majority voting;
Celanese Corporation14 May 2025Advisory vote on shareholder proposal requesting simple majority vote charter and by-laws amendments
Alphabet Inc.6 Jun 2025Stockholder proposal regarding equal shareholder voting
Medpace Holdings, Inc.16 May 2025Stockholder proposal regarding implementation of simple majority voting
Lantheus Holdings, Inc.1 May 2025The shareholder proposal regarding the declassification of our Board of Directors.

Shares on loan

Goldman Sachs reported 1.38 billion shares on loan at record dates against 96.46 billion shares voted: 1.41% 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 Goldman Sachs vote on executive pay?

In the year to 30 June 2025 Goldman Sachs reported 15,404 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 14,246 were for (92.5%), 1,150 against and 8 abstentions. Counting one item per company meeting, it voted against management on 243 of the 2,943 say-on-pay items it marked either way. A further 76 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does Goldman Sachs vote against management?

6.5% of the time in the year to 30 June 2025: 12,818 of the 197,886 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 Goldman Sachs support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 1,799 votes on proposals from security holders in the year to 30 June 2025 and voted for 15 of them (0.8%). Across every category it voted for 14.5% 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 Goldman Sachs 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 Goldman Sachs, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.