Home / Families / J.P. Morgan / year to 30 June 2025
J.P. Morgan
One season of the J.P. Morgan record. The family page shows the latest season.
- Vote records reported
- 328,133year to 30 June 2025
- Against management
- 6.7%20,428 of 306,275 marked votes
- Say-on-pay support
- 89.3%for, of for + against + abstain
- Shareholder-proposal support
- 14.5%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
For the year to 30 June 2025, J.P. Morgan reported 328,133 vote records on Form N-PX. 20,428 of the 306,275 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 8.7%. 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 89.3% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 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 (36.3% of 1,479), SECTION 14A SAY-ON-PAY VOTES (10.5% of 28,046) and CORPORATE GOVERNANCE (10.1% of 31,323).
It reported 1.40 billion shares out on loan at record dates, 0.83% 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 2025 | This family | Median family | All filers pooled |
|---|---|---|---|
| Against-management share | 6.7% | 7.6% | 9.7% |
| Say-on-pay support rate | 89.3% | 88.8% | 84.3% |
| Shareholder-proposal support rate | 14.5% | 29.5% | 33.0% |
| Shares on loan, share of shares held | 0.83% | 0.85% | 2.20% |
| 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 328,133 vote records in this filing, 28,711 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 | 163,710 | 154,648 | 6,077 | 5.3% | |
| SECTION 14A SAY-ON-PAY VOTES | 28,202 | 23,874 | 2,834 | 10.5% | |
| AUDIT-RELATED | 22,668 | 22,169 | 359 | 1.7% | |
| INVESTMENT COMPANY MATTERS | 9 | 9 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 1,601 | 1,256 | 203 | 36.3% | |
| EXTRAORDINARY TRANSACTIONS | 4,052 | 3,641 | 395 | 9.9% | |
| CAPITAL STRUCTURE | 27,178 | 24,909 | 2,112 | 7.6% | |
| COMPENSATION | 18,612 | 16,109 | 2,326 | 9.2% | |
| CORPORATE GOVERNANCE | 32,704 | 27,120 | 4,031 | 10.1% | |
| ENVIRONMENT OR CLIMATE | 2,155 | 366 | 1,770 | 9.9% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 1,272 | 171 | 1,094 | 10.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 398 | 40 | 356 | 5.3% | |
| OTHER SOCIAL ISSUES | 3,919 | 1,374 | 2,512 | 7.1% | |
| OTHER | 11,322 | 9,674 | 821 | 8.5% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 366,575 | 7.3% | 88.2% | 15.3% | |
| year to 30 June 2025 | 328,133 | 6.7% | 89.3% | 14.5% | |
| year to 30 June 2026 | 342,514 | 6.2% | 89.4% | 22.1% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, J.P. Morgan voted against management on 519 of the 3,902 it marked either way (13.3%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.
A further 16 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- Salesforce, Inc. 5 Jun 2025
- Cisco Systems, Inc. 9 Dec 2024
- PEPSICO, INC. 7 May 2025
- Verizon Communications Inc. 22 May 2025
- Pfizer Inc. 24 Apr 2025
- GE Aerospace 6 May 2025
- NIKE, Inc. 10 Sep 2024
- Citigroup Inc. 29 Apr 2025
- The Charles Schwab Corporation 22 May 2025
- LOCKHEED MARTIN CORPORATION 9 May 2025
- U.S. Bancorp 15 Apr 2025
- Micron Technology, Inc. 16 Jan 2025
- Autodesk, Inc. 16 Jul 2024
- DUPONT DE NEMOURS, INC. 22 May 2025
- WARNER BROS. DISCOVERY, INC. 2 Jun 2025
- Otis Worldwide Corporation 15 May 2025
- VIATRIS INC. 6 Dec 2024
- Truist Financial Corporation 29 Apr 2025
- Simon Property Group, Inc. 14 May 2025
- Sempra 13 May 2025
- Realty Income Corporation 13 May 2025
- Xcel Energy Inc. 21 May 2025
- Occidental Petroleum Corporation 2 May 2025
- Electronic Arts Inc. 1 Aug 2024
- The Estee Lauder Companies Inc. 8 Nov 2024
- T. Rowe Price Group, Inc. 8 May 2025
- Halliburton Company 21 May 2025
- IQVIA Holdings Inc. 24 Apr 2025
- Baxter International Inc. 6 May 2025
- Humana Inc. 17 Apr 2025
- Archer-Daniels-Midland Company 8 May 2025
- Eversource Energy 1 May 2025
- Walgreens Boots Alliance, Inc. 30 Jan 2025
- CoStar Group, Inc. 26 Jun 2025
- Conagra Brands, Inc. 18 Sep 2024
- Kellanova 1 Nov 2024
- Take-Two Interactive Software, Inc. 18 Sep 2024
- ANSYS, Inc. 27 Jun 2025
- Skyworks Solutions, Inc. 14 May 2025
- Moderna, Inc. 30 Apr 2025
Shareholder proposals it supported
Of 705 proposals from security holders that could be told apart in the filings and on which it cast a vote, J.P. Morgan voted for 117 (16.6%). 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 | 10 Dec 2024 | Report on Data Operations in Human Rights Hotspots |
| NVIDIA Corporation | 25 Jun 2025 | Amend Right to Call Special Meeting |
| JPMorgan Chase & Co. | 20 May 2025 | Report on social impacts of transition finance |
| JPMorgan Chase & Co. | 20 May 2025 | Support for an independent board chairman |
| The Home Depot, Inc. | 22 May 2025 | Shareholder Proposal Regarding Report on Packaging Policies for Plastics |
| AbbVie Inc. | 9 May 2025 | Stockholder Proposal - to Implement Simple Majority Vote |
| Thermo Fisher Scientific Inc. | 21 May 2025 | Shareholder proposal. |
| ServiceNow, Inc. | 22 May 2025 | Shareholder proposal: CORPORATE GOVERNANCE |
| NIKE, Inc. | 10 Sep 2024 | To consider a shareholder proposal regarding a Supply Chain Management Report |
| Advanced Micro Devices, Inc. | 14 May 2025 | Amend Right to Call Special Meeting |
| The Charles Schwab Corporation | 22 May 2025 | Stockholder proposal requesting declassification of the board of directors |
| DUKE ENERGY CORPORATION | 1 May 2025 | Shareholder proposal regarding support simple majority vote |
| United Parcel Service, Inc. | 8 May 2025 | To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share. |
| THE SOUTHERN COMPANY | 21 May 2025 | Stockholder proposal regarding simple majority vote |
| Boston Scientific Corporation | 1 May 2025 | Stockholder proposal titled "Support Simple Majority Vote." |
| The Cigna Group | 23 Apr 2025 | Shareholder proposal - Support Special Shareholder Meeting Improvement |
| FedEx Corporation | 23 Sep 2024 | Stockholder proposal regarding climate lobbying alignment with company's carbon neutral goals. |
| General Mills, Inc. | 24 Sep 2024 | Shareholder Proposal - Plastic Packaging. |
| Amphenol Corporation | 15 May 2025 | Stockholder Proposal regarding Support for Special Shareholder Meeting Improvement |
| Cintas Corporation | 29 Oct 2024 | A shareholder proposal regarding disclosure of managing climate risk through science-based targets and... |
| WEC Energy Group, Inc. | 8 May 2025 | Stockholder proposal to support simple majority vote |
| Cognizant Technology Solutions Corporation | 3 Jun 2025 | Shareholder proposal regarding support for special shareholder meeting improvement |
| Church & Dwight Co., Inc. | 1 May 2025 | Stockholder Proposal - Support Special Shareholder Meeting Improvement. |
| Snowflake Inc. | 2 Jul 2024 | To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal... |
| Archer-Daniels-Midland Company | 8 May 2025 | Amend Right to Call Special Meeting |
| Keysight Technologies, Inc. | 20 Mar 2025 | Declassify the Board of Directors |
| Quest Diagnostics Incorporated | 15 May 2025 | Stockholder proposal, as described in the accompanying proxy statement |
| Dollar General Corporation | 29 May 2025 | To vote on a shareholder proposal to adopt a comprehensive human rights policy. |
| Dollar General Corporation | 29 May 2025 | Shareholder proposal regarding length of share ownership required to call special meetings |
| CoStar Group, Inc. | 26 Jun 2025 | Stockholder proposal regarding support for transparency in political spending |
| Regions Financial Corporation | 16 Apr 2025 | Shareholder Proposal Relating to Simple Majority Vote. |
| HubSpot, Inc. | 4 Jun 2025 | Adopt Simple Majority Vote |
| DTE Energy Company | 8 May 2025 | Amend Right to Call Special Meeting |
| United Airlines Holdings, Inc. | 21 May 2025 | Reduce Ownership Threshold for Shareholders to Call Special Meeting |
| DraftKings Inc. | 19 May 2025 | To consider a shareholder proposal regarding board matrix disclosure. |
| Steel Dynamics, Inc. | 25 Apr 2025 | Shareholder proposal - special shareholder meeting improvement |
| Hologic, Inc. | 26 Feb 2025 | Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter... |
| Albemarle Corporation | 6 May 2025 | Shareholder proposal regarding simple majority vote. |
| Cboe Global Markets, Inc. | 6 May 2025 | Stockholder proposal regarding political spending. |
| Alexandria Real Estate Equities, Inc. | 13 May 2025 | To consider and vote upon a stockholder proposal titled "Simple Majority Vote". |
Shares on loan
J.P. Morgan reported 1.40 billion shares on loan at record dates against 167.69 billion shares voted: 0.83% 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 J.P. Morgan vote on executive pay?
In the year to 30 June 2025 J.P. Morgan reported 26,739 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 23,872 were for (89.3%), 2,834 against and 33 abstentions. Counting one item per company meeting, it voted against management on 519 of the 3,902 say-on-pay items it marked either way. A further 16 say-on-pay items were reported without a management mark and are not counted in that figure.
How often does J.P. Morgan vote against management?
6.7% of the time in the year to 30 June 2025: 20,428 of the 306,275 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 J.P. Morgan support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 1,912 votes on proposals from security holders in the year to 30 June 2025 and voted for 152 of them (7.9%). 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 J.P. Morgan 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 J.P. Morgan, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.