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Home / Families / Macquarie and Delaware Funds / year to 30 June 2025

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

Macquarie and Delaware Funds

One season of the Macquarie and Delaware Funds record. The family page shows the latest season.

Vote records reported
42,576year to 30 June 2025
Against management
8.6%3,616 of 42,070 marked votes
Say-on-pay support
90.4%for, of for + against + abstain
Shareholder-proposal support
36.2%for, of for + against + abstain
89.1% for8.1% against2.9% other8.6% against management42,434 votes

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

For the year to 30 June 2025, Macquarie and Delaware Funds reported 42,576 vote records on Form N-PX. 3,616 of the 42,070 votes that were marked for or against management went against management: 8.6%, close to the median of the fund families tracked here (7.6%).

Weighted by the number of shares voted, the against-management share is 9.2%. 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: 88.8%) and it voted for 36.2% 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 (40.9% of 93), HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (33.2% of 187) and OTHER SOCIAL ISSUES (19.9% of 714).

It reported 2.3 million shares out on loan at record dates, 0.01% 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 share8.6%7.6%9.7%
Say-on-pay support rate90.4%88.8%84.3%
Shareholder-proposal support rate36.2%29.5%33.0%
Shares on loan, share of shares held0.01%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 ELECTIONS24,98522,8861,1427.8%
SECTION 14A SAY-ON-PAY VOTES4,1203,5173739.9%
AUDIT-RELATED3,2133,193200.4%
SHAREHOLDER RIGHTS AND DEFENSES121108040.9%
EXTRAORDINARY TRANSACTIONS2672363111.6%
CAPITAL STRUCTURE2,4402,20223811.1%
COMPENSATION2,3491,92141217.1%
CORPORATE GOVERNANCE4,4553,9274898.3%
ENVIRONMENT OR CLIMATE53810643210.8%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE187959233.2%
DIVERSITY, EQUITY, AND INCLUSION332392931.8%
OTHER SOCIAL ISSUES71424546919.9%
OTHER837672.6%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 202461,61410.4%89.7%41.5%
year to 30 June 202542,5768.6%90.4%36.2%
year to 30 June 202636,3169.0%90.9%37.9%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Macquarie and Delaware Funds voted against management on 102 of the 1,074 it marked either way (9.5%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.

A further 3 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 334 proposals from security holders that could be told apart in the filings and on which it cast a vote, Macquarie and Delaware Funds voted for 140 (41.9%). 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
Microsoft Corporation10 Dec 2024Report on Data Operations in Human Rights Hotspots
Microsoft Corporation10 Dec 2024Report on AI Data Sourcing Accountability
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 Al data usage oversight.
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding report on data collection and advertising practices.
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding dual class capital structure.
Visa Inc.28 Jan 2025Shareholder proposal on transparency in lobbying.
Johnson & Johnson24 Apr 2025Produce a human rights impact assessment
AbbVie Inc.9 May 2025Stockholder Proposal - to Implement Simple Majority Vote
Merck & Co., Inc.27 May 2025Shareholder proposal regarding a human rights impact assessment.
CHEVRON CORPORATION28 May 2025Commission a Third-Party Report on Human Rights Practices
QUALCOMM Incorporated18 Mar 2025S/H Proposal - Corporate Governance
Comcast Corporation18 Jun 2025Adopt policy for an independent chair
Wells Fargo & Company29 Apr 2025Shareholder Proposal - Report on Respecting Indigenous Peoples' Rights.
Wells Fargo & Company29 Apr 2025Shareholder Proposal - Annual Report on Congruency of Political Spending and Corporate Values.
NIKE, Inc.10 Sep 2024To consider a shareholder proposal regarding Supplemental Pay Equity Disclosure
NIKE, Inc.10 Sep 2024To consider a shareholder proposal regarding Environmental Targets
NIKE, Inc.10 Sep 2024To consider a shareholder proposal regarding a Supply Chain Management Report
Intuitive Surgical, Inc.1 May 2025The stockholder proposal that is titled "requesting a shareholder approval requirement for excessive...
Stryker Corporation8 May 2025Shareholder Proposal to Support Transparency in Political Spending.
Citigroup Inc.29 Apr 2025Stockholder proposal requesting a shareholder vote regarding excessive golden parachutes.
Citigroup Inc.29 Apr 2025Report on Respecting Indigenous Peoples' Rights
Gilead Sciences, Inc.7 May 2025To vote on a stockholder proposal requesting a comprehensive human rights policy and human rights due...
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
LOCKHEED MARTIN CORPORATION9 May 2025Stockholder Proposal Requesting Shareholder Approval Requirement for Excessive Golden Parachutes
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.
CVS Health Corporation15 May 2025Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent.
Boston Scientific Corporation1 May 2025Stockholder proposal titled "Support Simple Majority Vote."
Vertex Pharmaceuticals Incorporated14 May 2025Shareholder proposal, if properly presented at the meeting, regarding excessive golden parachutes.
Carrier Global Corporation9 Apr 2025Shareowner Proposal Requesting a Lobbying Transparency Report
Autodesk, Inc.16 Jul 2024To consider and vote upon a stockholder proposal, if properly presented at the Annual Meeting, to enable...
The Travelers Companies, Inc.21 May 2025Shareholder proposal relating to ratification of golden parachutes, if presented at the Annual Meeting of...
Air Products and Chemicals, Inc.23 Jan 2025The Mantle Ridge Parties' proposal to repeal any provision of, or amendment to, the Bylaws that the Board...
Otis Worldwide Corporation15 May 2025Shareholder proposal regarding reporting on political contributions and expenditures
Cummins Inc.13 May 2025Require Independent Board Chair
Capital One Financial Corporation8 May 2025Stockholder proposal to require a shareholder vote on golden parachute arrangements.
Sysco Corporation15 Nov 2024To consider a stockholder proposal related to establishing measurable, time bound targets for ensuring...
Marathon Petroleum Corporation30 Apr 2025Shareholder proposal to support a simple majority vote.

Shares on loan

Macquarie and Delaware Funds reported 2.3 million shares on loan at record dates against 22.66 billion shares voted: 0.01% 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 Macquarie and Delaware Funds vote on executive pay?

In the year to 30 June 2025 Macquarie and Delaware Funds reported 3,890 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 3,517 were for (90.4%), 373 against and 0 abstentions. Counting one item per company meeting, it voted against management on 102 of the 1,074 say-on-pay items it marked either way. A further 3 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does Macquarie and Delaware Funds vote against management?

8.6% of the time in the year to 30 June 2025: 3,616 of the 42,070 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 Macquarie and Delaware Funds support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 490 votes on proposals from security holders in the year to 30 June 2025 and voted for 58 of them (11.8%). Across every category it voted for 36.2% 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 Macquarie and Delaware Funds 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 Macquarie and Delaware Funds, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.