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Invesco
One season of the Invesco record. The family page shows the latest season.
- Vote records reported
- 438,108year to 30 June 2024
- Against management
- 7.0%29,860 of 429,127 marked votes
- Say-on-pay support
- 87.6%for, of for + against + abstain
- Shareholder-proposal support
- 28.6%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
For the year to 30 June 2024, Invesco reported 438,108 vote records on Form N-PX. 29,860 of the 429,127 votes that were marked for or against management went against management: 7.0%, 1.6 percentage points below the median of the fund families tracked here (8.5%).
Weighted by the number of shares voted, the against-management share is 11.0%. 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 87.6% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 89.0%) and it voted for 28.6% 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 INVESTMENT COMPANY MATTERS (64.9% of 37), SHAREHOLDER RIGHTS AND DEFENSES (28.2% of 1,240) and COMPENSATION (12.5% of 29,250).
It reported 12.99 billion shares out on loan at record dates, 6.23% 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 2024 | This family | Median family | All filers pooled |
|---|---|---|---|
| Against-management share | 7.0% | 8.5% | 10.2% |
| Say-on-pay support rate | 87.6% | 89.0% | 84.6% |
| Shareholder-proposal support rate | 28.6% | 35.1% | 37.0% |
| Shares on loan, share of shares held | 6.23% | 1.34% | 0.08% |
| Largest families, year to 30 June 2026 | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|
| Vanguard | 20.1% | 94.1% | 42.0% |
| BlackRock and iShares | 7.5% | 88.3% | 11.9% |
| Fidelity | 6.0% | 94.7% | 27.6% |
| Dimensional | 16.4% | 78.9% | 57.4% |
| State Street and SPDR | 16.9% | 77.1% | 50.4% |
Of the 438,108 vote records in this filing, 22,216 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) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| DIRECTOR ELECTIONS | 255,769 | 239,977 | 10,149 | 5.6% | |
| SECTION 14A SAY-ON-PAY VOTES | 40,433 | 30,809 | 4,352 | 11.6% | |
| AUDIT-RELATED | 29,949 | 29,707 | 198 | 0.6% | |
| INVESTMENT COMPANY MATTERS | 37 | 13 | 12 | 64.9% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 1,307 | 1,129 | 130 | 28.2% | |
| EXTRAORDINARY TRANSACTIONS | 2,115 | 1,919 | 190 | 8.7% | |
| CAPITAL STRUCTURE | 22,391 | 21,066 | 1,312 | 6.6% | |
| COMPENSATION | 29,442 | 24,946 | 4,380 | 12.5% | |
| CORPORATE GOVERNANCE | 45,060 | 39,809 | 5,017 | 10.7% | |
| ENVIRONMENT OR CLIMATE | 5,686 | 863 | 4,817 | 5.7% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 2,953 | 654 | 2,270 | 8.2% | |
| DIVERSITY, EQUITY, AND INCLUSION | 3,322 | 630 | 2,663 | 6.5% | |
| OTHER SOCIAL ISSUES | 7,327 | 1,397 | 5,914 | 6.5% | |
| OTHER | 2,167 | 1,532 | 626 | 3.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 438,108 | 7.0% | 87.6% | 28.6% | |
| year to 30 June 2025 | 283,724 | 6.0% | 81.1% | 19.0% | |
| year to 30 June 2026 | 470,769 | 5.8% | 82.0% | 27.6% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Invesco voted against management on 540 of the 2,651 it marked either way (20.4%) 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.
- Salesforce, Inc. 27 Jun 2024
- Comcast Corporation 10 Jun 2024
- Oracle Corporation 15 Nov 2023
- PayPal Holdings, Inc. 22 May 2024
- 3M Company 14 May 2024
- THE BOEING COMPANY 17 May 2024
- WARNER BROS. DISCOVERY, INC. 3 Jun 2024
- General Motors Company 4 Jun 2024
- TRANE TECHNOLOGIES PLC 6 Jun 2024
- Marriott International, Inc. 10 May 2024
- The Estee Lauder Companies Inc. 17 Nov 2023
- Discover Financial Services 9 May 2024
- Marvell Technology, Inc. 20 Jun 2024
- AutoZone, Inc. 20 Dec 2023
- Workday, Inc. 18 Jun 2024
- Monster Beverage Corporation 13 Jun 2024
- Snowflake Inc. 5 Jul 2023
- TransDigm Group Incorporated 7 Mar 2024
- VF Corporation 25 Jul 2023
- Rivian Automotive, Inc. 18 Jun 2024
- Las Vegas Sands Corp. 9 May 2024
- Garmin Ltd. 7 Jun 2024
- Live Nation Entertainment, Inc. 13 Jun 2024
- Waters Corporation 23 May 2024
- Vertiv Holdings Co. 19 Jun 2024
- Fortune Brands Innovations, Inc. 7 May 2024
- Etsy, Inc. 13 Jun 2024
- Watsco, Inc. 3 Jun 2024
- Allegion Plc 6 Jun 2024
- Seagate Technology Holdings plc 23 Oct 2023
- DocuSign, Inc. 29 May 2024
- Zoom Communications, Inc. 13 Jun 2024
- American Airlines Group Inc. 5 Jun 2024
- Bio-Techne Corporation 26 Oct 2023
- Cloudflare, Inc. 4 Jun 2024
- C.H. Robinson Worldwide, Inc. 9 May 2024
- EMCOR Group, Inc. 6 Jun 2024
- RPM International Inc. 5 Oct 2023
- HEICO Corporation 15 Mar 2024
- Liberty Media Corporation 10 Jun 2024
Shareholder proposals it supported
Of 1,374 proposals from security holders that could be told apart in the filings and on which it cast a vote, Invesco voted for 568 (41.3%). 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.
| Company | Meeting | Proposal |
|---|---|---|
| Microsoft Corporation | 7 Dec 2023 | Report on Data Operations in Human Rights Hotspots |
| Amazon.com, Inc. | 22 May 2024 | Disclose All Material Scope 3 GHG Emissions |
| Amazon.com, Inc. | 22 May 2024 | Commission Third Party Assessment on Company's Commitment to Freedom of Association and Collective Bargaining |
| Amazon.com, Inc. | 22 May 2024 | Report on Lobbying Payments and Policy |
| Apple Inc. | 28 Feb 2024 | A shareholder proposal requesting a report on the use of Al |
| NVIDIA Corporation | 26 Jun 2024 | Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter... |
| JPMorgan Chase & Co. | 21 May 2024 | Shareholder opportunity to vote on excessive golden parachutes |
| JPMorgan Chase & Co. | 21 May 2024 | Independent board chairman |
| Merck & Co., Inc. | 28 May 2024 | Shareholder proposal regarding a shareholder right to act by written consent |
| AbbVie Inc. | 3 May 2024 | Stockholder Proposal - to Implement Simple Majority Vote |
| The Procter & Gamble Company | 10 Oct 2023 | Shareholder Proposal - Request to Require Shareholder Approval for Certain Future Amendments to Company... |
| Salesforce, Inc. | 27 Jun 2024 | Require Independent Board Chair |
| Pfizer Inc. | 25 Apr 2024 | Adopt an Independent Board Chair Policy |
| Verizon Communications Inc. | 9 May 2024 | Amend clawback policy |
| Verizon Communications Inc. | 9 May 2024 | Independent Board chair |
| Netflix, Inc. | 6 Jun 2024 | Report on Use of Artificial Intelligence |
| Oracle Corporation | 15 Nov 2023 | Stockholder Proposal Regarding Pay Gap Report |
| Oracle Corporation | 15 Nov 2023 | Stockholder Proposal Regarding Independent Board Chairman |
| Tesla, Inc. | 13 Jun 2024 | A stockholder proposal regarding adoption of a freedom of association and collective bargaining policy |
| Tesla, Inc. | 13 Jun 2024 | A stockholder proposal regarding annual reporting on anti-harassment and discrimination efforts |
| Tesla, Inc. | 13 Jun 2024 | A stockholder proposal regarding simple majority voting provisions in our governing documents |
| Tesla, Inc. | 13 Jun 2024 | Declassify the Board of Directors |
| Bristol-Myers Squibb Company | 7 May 2024 | Adopt Share Retention Policy For Senior Executives |
| AT&T INC. | 16 May 2024 | Independent Board Chairman |
| ConocoPhillips | 14 May 2024 | Simple Majority Vote. |
| Texas Instruments Incorporated | 25 Apr 2024 | Stockholder proposal to permit a combined 15% of stockholders to call a special meeting. |
| International Business Machines Corporation | 30 Apr 2024 | Stockholder Proposal Requesting a Right to Act by Written Consent |
| International Business Machines Corporation | 30 Apr 2024 | Stockholder Proposal Requesting a Public Report on Lobbying Activities |
| Target Corporation | 12 Jun 2024 | Shareholder proposal to adopt a policy for an independent board chair. |
| American Express Company | 6 May 2024 | Shareholder proposal relating to golden parachutes. |
| American Tower Corporation | 22 May 2024 | To consider a stockholder proposal, if properly presented, regarding the ownership threshold required to... |
| American Tower Corporation | 22 May 2024 | To consider a stockholder proposal, if properly presented, regarding disclosure of racial and gender pay gaps. |
| HONEYWELL INTERNATIONAL INC. | 14 May 2024 | Shareowner Proposal - Independent Board Chairman. |
| United Parcel Service, Inc. | 2 May 2024 | To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share. |
| Stryker Corporation | 9 May 2024 | Shareholder Proposal on Transparency in Political Spending. |
| Deere & Company | 28 Feb 2024 | Shareholder proposal regarding shareholder ratification of golden parachutes |
| ServiceNow, Inc. | 23 May 2024 | Shareholder proposal regarding simple majority vote. |
| Gilead Sciences, Inc. | 8 May 2024 | To vote on a stockholder proposal requesting that the Board adopt a policy requiring the Company's named... |
| LOCKHEED MARTIN CORPORATION | 2 May 2024 | Stockholder Proposal Requesting a Report on Reducing Full Value Chain GHG Emissions |
| Citigroup Inc. | 30 Apr 2024 | Stockholder proposal requesting an Independent Board Chairman policy. |
Shares on loan
Invesco reported 12.99 billion shares on loan at record dates against 195.49 billion shares voted: 6.23% 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 Invesco vote on executive pay?
In the year to 30 June 2024 Invesco reported 35,169 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 30,809 were for (87.6%), 4,352 against and 8 abstentions. Counting one item per company meeting, it voted against management on 540 of the 2,651 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 Invesco vote against management?
7.0% of the time in the year to 30 June 2024: 29,860 of the 429,127 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 Invesco support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 5,132 votes on proposals from security holders in the year to 30 June 2024 and voted for 312 of them (6.1%). Across every category it voted for 28.6% 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 Invesco 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 Invesco, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.