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MassMutual
One season of the MassMutual record. The family page shows the latest season.
- Vote records reported
- 120,207year to 30 June 2024
- Against management
- 5.5%6,279 of 115,025 marked votes
- Say-on-pay support
- 92.4%for, of for + against + abstain
- Shareholder-proposal support
- 26.0%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
In its Form N-PX for the year to 30 June 2024, MassMutual listed 120,207 vote records. Votes against management made up 5.5% of those marked either way (6,279 of 115,025); the median of the fund families tracked here stood at 8.5%.
Weighted by the number of shares voted, the against-management share is 5.1%. 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 92.4% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 89.0%) and it voted for 26.0% 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 (29.2% of 486), OTHER SOCIAL ISSUES (15.2% of 2,384) and HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (14.0% of 1,014).
It reported 179.3 million shares out on loan at record dates, 2.50% 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 | 5.5% | 8.5% | 10.2% |
| Say-on-pay support rate | 92.4% | 89.0% | 84.6% |
| Shareholder-proposal support rate | 26.0% | 35.1% | 37.0% |
| Shares on loan, share of shares held | 2.50% | 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% |
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 | 72,647 | 69,235 | 1,771 | 4.2% | |
| SECTION 14A SAY-ON-PAY VOTES | 10,385 | 8,480 | 686 | 6.0% | |
| AUDIT-RELATED | 8,336 | 8,198 | 115 | 1.5% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 506 | 413 | 80 | 29.2% | |
| EXTRAORDINARY TRANSACTIONS | 457 | 424 | 31 | 7.2% | |
| CAPITAL STRUCTURE | 4,620 | 4,511 | 101 | 3.0% | |
| COMPENSATION | 6,314 | 5,288 | 971 | 9.9% | |
| CORPORATE GOVERNANCE | 9,291 | 7,842 | 1,344 | 10.5% | |
| ENVIRONMENT OR CLIMATE | 1,885 | 337 | 1,507 | 13.5% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 1,016 | 211 | 786 | 14.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 1,108 | 190 | 909 | 10.4% | |
| OTHER SOCIAL ISSUES | 2,402 | 539 | 1,809 | 15.2% | |
| OTHER | 999 | 806 | 140 | 0.3% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 120,207 | 5.5% | 92.4% | 26.0% | |
| year to 30 June 2025 | 99,926 | 5.9% | 90.3% | 31.5% | |
| year to 30 June 2026 | 60,498 | 4.8% | 92.2% | 24.1% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, MassMutual voted against management on 123 of the 2,277 it marked either way (5.4%) in the year to 30 June 2024. The 40 companies with the most reporting filers are listed.
A further 44 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- Palo Alto Networks, Inc. 12 Dec 2023
- WARNER BROS. DISCOVERY, INC. 3 Jun 2024
- CSX Corporation 8 May 2024
- Norfolk Southern Corporation 9 May 2024
- VIATRIS INC. 15 Dec 2023
- Pioneer Natural Resources Company 7 Feb 2024
- The Estee Lauder Companies Inc. 17 Nov 2023
- Aon Plc 21 Jun 2024
- Workday, Inc. 18 Jun 2024
- Lennar Corporation 10 Apr 2024
- Eversource Energy 1 May 2024
- VMware, Inc. 13 Jul 2023
- Pinterest, Inc. 23 May 2024
- Citizens Financial Group, Inc. 25 Apr 2024
- Axon Enterprise, Inc. 10 May 2024
- DraftKings Inc. 13 May 2024
- Las Vegas Sands Corp. 9 May 2024
- APA CORPORATION 23 May 2024
- Apollo Global Management, Inc. 6 Oct 2023
- Live Nation Entertainment, Inc. 13 Jun 2024
- BorgWarner Inc. 24 Apr 2024
- Fortune Brands Innovations, Inc. 7 May 2024
- Zoom Communications, Inc. 13 Jun 2024
- American Airlines Group Inc. 5 Jun 2024
- BXP, Inc. 22 May 2024
- Cloudflare, Inc. 4 Jun 2024
- EMCOR Group, Inc. 6 Jun 2024
- Liberty Media Corporation 10 Jun 2024
- Zscaler, Inc. 5 Jan 2024
- The Carlyle Group Inc. 29 May 2024
- Mohawk Industries, Inc. 23 May 2024
- Life Storage, Inc. 18 Jul 2023
- Shockwave Medical, Inc. 29 May 2024
- Harley-Davidson, Inc. 16 May 2024
- Black Knight, Inc. 12 Jul 2023
- United States Steel Corporation 12 Apr 2024
- Stifel Financial Corp. 5 Jun 2024
- Matador Resources Company 13 Jun 2024
- Core & Main, Inc. 26 Jun 2024
- Nexstar Media Group, Inc. 18 Jun 2024
Shareholder proposals it supported
Of 710 proposals from security holders that could be told apart in the filings and on which it cast a vote, MassMutual voted for 177 (24.9%). 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.
| Company | Meeting | Proposal |
|---|---|---|
| NVIDIA Corporation | 26 Jun 2024 | Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter... |
| The Home Depot, Inc. | 16 May 2024 | Shareholder Proposal Regarding Enhancements to the Company's Clawback Policy |
| AbbVie Inc. | 3 May 2024 | Stockholder Proposal - to Implement Simple Majority Vote |
| AbbVie Inc. | 3 May 2024 | Stockholder Proposal - to Issue Annual Report on Lobbying |
| Verizon Communications Inc. | 9 May 2024 | Lobbying activities report |
| Netflix, Inc. | 6 Jun 2024 | Stockholder proposal entitled, "Proposal 8 - Special Shareholder Meeting Improvement," |
| Oracle Corporation | 15 Nov 2023 | Stockholder Proposal Regarding Pay Gap Report |
| 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 |
| ConocoPhillips | 14 May 2024 | Simple Majority Vote. |
| International Business Machines Corporation | 30 Apr 2024 | Stockholder Proposal Requesting a Public Report on Congruency in China Business Operations and ESG Activities |
| International Business Machines Corporation | 30 Apr 2024 | Stockholder Proposal Requesting a Public Report on Lobbying Activities |
| RTX CORPORATION | 2 May 2024 | Shareowner Proposal Requesting a Lobbying Transparency Report |
| American Tower Corporation | 22 May 2024 | To consider a stockholder proposal, if properly presented, regarding the ownership threshold required to... |
| 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. |
| 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 Reduction in Threshold to Call Special Stockholder Meetings |
| LOCKHEED MARTIN CORPORATION | 2 May 2024 | Stockholder Proposal Requesting a Report on Reducing Full Value Chain GHG Emissions |
| Morgan Stanley | 23 May 2024 | Shareholder proposal regarding transparency in lobbying |
| Morgan Stanley | 23 May 2024 | Shareholder proposal requesting a clean energy supply financing ratio |
| DUKE ENERGY CORPORATION | 9 May 2024 | Adopt Share Retention Policy For Senior Executives |
| Prologis, Inc. | 9 May 2024 | Vote on a stockholder proposal titled "Simple Majority Vote." |
| THE BOEING COMPANY | 17 May 2024 | Racial and Gender Pay Gap Disclosure. |
| THE BOEING COMPANY | 17 May 2024 | Adoption of Value Chain Emission Reduction Target. |
| Emerson Electric Co. | 6 Feb 2024 | Shareholder Proposal to Implement a Simple Majority Vote Requirement in the Company's Governing Documents. |
| Vertex Pharmaceuticals Incorporated | 15 May 2024 | Shareholder proposal, if properly presented at the meeting, regarding special shareholder meeting improvement. |
| Analog Devices, Inc. | 13 Mar 2024 | Shareholder proposal regarding simple majority voting |
| WARNER BROS. DISCOVERY, INC. | 3 Jun 2024 | To vote on a stockholder proposal entitled, "Adopt a Shareholder Right to Call a Special Shareholder Meeting" |
| WARNER BROS. DISCOVERY, INC. | 3 Jun 2024 | To vote on a stockholder proposal entitled, "Report on Use of Al" |
| FedEx Corporation | 21 Sep 2023 | Stockholder proposal regarding a "Just Transition" report. |
| The Sherwin-Williams Company | 17 Apr 2024 | Shareholder proposal to adopt a simple majority vote. |
| Intercontinental Exchange, Inc. | 17 May 2024 | A stockholder proposal regarding independent board chairman |
| FORD MOTOR COMPANY | 9 May 2024 | Relating to Consideration of a Recapitalization Plan to Provide That All of the Company's Outstanding... |
| Illinois Tool Works Inc. | 3 May 2024 | A non-binding stockholder proposal, if properly presented at the meeting, for stockholder ratification of... |
| Marathon Petroleum Corporation | 24 Apr 2024 | Shareholder proposal seeking a simple majority vote. |
| Northrop Grumman Corporation | 15 May 2024 | Shareholder proposal to provide for an independent Board chair. |
| Regeneron Pharmaceuticals, Inc. | 14 Jun 2024 | Non-binding shareholder proposal requesting simple majority voting requirements |
Shares on loan
MassMutual reported 179.3 million shares on loan at record dates against 6.99 billion shares voted: 2.50% 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 MassMutual vote on executive pay?
In the year to 30 June 2024 MassMutual reported 9,179 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 8,480 were for (92.4%), 686 against and 13 abstentions. Counting one item per company meeting, it voted against management on 123 of the 2,277 say-on-pay items it marked either way. A further 44 say-on-pay items were reported without a management mark and are not counted in that figure.
How often does MassMutual vote against management?
5.5% of the time in the year to 30 June 2024: 6,279 of the 115,025 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 MassMutual support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 1,751 votes on proposals from security holders in the year to 30 June 2024 and voted for 212 of them (12.1%). Across every category it voted for 26.0% 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 MassMutual 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 MassMutual, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.