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MassMutual
One season of the MassMutual record. The family page shows the latest season.
- Vote records reported
- 99,926year to 30 June 2025
- Against management
- 5.9%5,857 of 98,635 marked votes
- Say-on-pay support
- 90.3%for, of for + against + abstain
- Shareholder-proposal support
- 31.5%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 2025, MassMutual listed 99,926 vote records. Votes against management made up 5.9% of those marked either way (5,857 of 98,635); the median of the fund families tracked here stood at 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 90.3% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 31.5% 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 (27.5% of 371), COMPENSATION (10.1% of 4,976) and SECTION 14A SAY-ON-PAY VOTES (9.7% of 9,793).
It reported 259.9 million shares out on loan at record dates, 6.11% 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 | 5.9% | 7.6% | 9.7% |
| Say-on-pay support rate | 90.3% | 88.8% | 84.3% |
| Shareholder-proposal support rate | 31.5% | 29.5% | 33.0% |
| Shares on loan, share of shares held | 6.11% | 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% |
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 | 62,430 | 58,843 | 2,308 | 5.4% | |
| SECTION 14A SAY-ON-PAY VOTES | 9,812 | 8,433 | 905 | 9.7% | |
| AUDIT-RELATED | 7,260 | 7,221 | 25 | 0.3% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 423 | 362 | 44 | 27.5% | |
| EXTRAORDINARY TRANSACTIONS | 387 | 373 | 13 | 3.6% | |
| CAPITAL STRUCTURE | 4,380 | 4,227 | 141 | 3.6% | |
| COMPENSATION | 4,998 | 4,324 | 648 | 10.1% | |
| CORPORATE GOVERNANCE | 8,105 | 7,001 | 1,027 | 7.7% | |
| ENVIRONMENT OR CLIMATE | 1,298 | 191 | 1,102 | 5.2% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 392 | 127 | 265 | 8.4% | |
| DIVERSITY, EQUITY, AND INCLUSION | 829 | 131 | 694 | 4.5% | |
| OTHER SOCIAL ISSUES | 1,409 | 324 | 1,081 | 8.3% | |
| OTHER | 131 | 84 | 47 | 3.9% |
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 228 of the 2,404 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 19 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- Texas Instruments Incorporated 17 Apr 2025
- NIKE, Inc. 10 Sep 2024
- Intel Corporation 6 May 2025
- CVS Health Corporation 15 May 2025
- WARNER BROS. DISCOVERY, INC. 2 Jun 2025
- Arista Networks, Inc. 30 May 2025
- Air Products and Chemicals, Inc. 23 Jan 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
- Airbnb, Inc. 4 Jun 2025
- DEVON ENERGY CORPORATION 4 Jun 2025
- Eversource Energy 1 May 2025
- CoStar Group, Inc. 26 Jun 2025
- Conagra Brands, Inc. 18 Sep 2024
- Take-Two Interactive Software, Inc. 18 Sep 2024
- Marathon Oil Corporation 29 Aug 2024
- Evergy, Inc. 6 May 2025
- Live Nation Entertainment, Inc. 12 Jun 2025
- Moderna, Inc. 30 Apr 2025
- Roblox Corporation 29 May 2025
- The Interpublic Group of Companies, Inc. 18 Mar 2025
- Las Vegas Sands Corp. 15 May 2025
- Corpay, Inc. 11 Jun 2025
- Zscaler, Inc. 10 Jan 2025
- Reliance, Inc. 21 May 2025
- Ally Financial Inc. 6 May 2025
- Teleflex Incorporated 9 May 2025
- Coherent Corp. 14 Nov 2024
- Ralph Lauren Corporation 1 Aug 2024
- Halozyme Therapeutics, Inc. 1 May 2025
- DXC Technology Company 30 Jul 2024
- Avantor, Inc. 8 May 2025
- Stifel Financial Corp. 4 Jun 2025
- The Carlyle Group Inc. 29 May 2025
- Mohawk Industries, Inc. 22 May 2025
- Gentex Corporation 15 May 2025
- Allison Transmission Holdings, Inc. 7 May 2025
- Agree Realty Corporation 15 May 2025
Shareholder proposals it supported
Of 572 proposals from security holders that could be told apart in the filings and on which it cast a vote, MassMutual voted for 140 (24.5%). 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 |
|---|---|---|
| Meta Platforms, Inc. | 28 May 2025 | A shareholder proposal regarding disclosure of voting results based on class of shares. |
| Meta Platforms, Inc. | 28 May 2025 | A shareholder proposal regarding report on hate targeting marginalized communities. |
| Meta Platforms, Inc. | 28 May 2025 | A shareholder proposal regarding report on child safety impacts and actual harm reduction to children. |
| Meta Platforms, Inc. | 28 May 2025 | A shareholder proposal regarding report on Al data usage oversight. |
| Meta Platforms, Inc. | 28 May 2025 | A shareholder proposal regarding dual class capital structure. |
| The Home Depot, Inc. | 22 May 2025 | Shareholder Proposal Regarding Biodiversity Impact and Dependency Assessment |
| AbbVie Inc. | 9 May 2025 | Stockholder Proposal - to Implement Simple Majority Vote |
| Merck & Co., Inc. | 27 May 2025 | Shareholder proposal regarding a human rights impact assessment. |
| Netflix, Inc. | 5 Jun 2025 | Shareholder proposal: CORPORATE GOVERNANCE |
| Walmart Inc. | 5 Jun 2025 | Health and Safety Governance |
| CHEVRON CORPORATION | 28 May 2025 | Commission a Third-Party Report on Human Rights Practices |
| Adobe Inc. | 22 Apr 2025 | Stockholder Proposal Regarding Vote on Golden Parachutes. |
| Pfizer Inc. | 24 Apr 2025 | Shareholder Vote Regarding Golden Parachutes |
| Texas Instruments Incorporated | 17 Apr 2025 | Stockholder proposal to permit a combined 10% of stockholders to call a special meeting. |
| NIKE, Inc. | 10 Sep 2024 | To consider a shareholder proposal regarding a Supply Chain Management Report |
| HONEYWELL INTERNATIONAL INC. | 20 May 2025 | Shareowner Proposal - Independent Board Chairman. |
| Starbucks Corporation | 12 Mar 2025 | Shareholder proposal regarding independent board chair requirements |
| CATERPILLAR INC. | 11 Jun 2025 | Shareholder Proposal - Civil Rights Audit |
| Gilead Sciences, Inc. | 7 May 2025 | To vote on a stockholder proposal requesting a comprehensive human rights policy and human rights due... |
| The Charles Schwab Corporation | 22 May 2025 | Stockholder proposal requesting declassification of the board of directors |
| Deere & Company | 26 Feb 2025 | Shareholder proposal on a civil rights audit |
| 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. |
| PayPal Holdings, Inc. | 5 Jun 2025 | Stockholder Proposal - Reduce Threshold to Call Special Meetings of Stockholders. |
| Palo Alto Networks, Inc. | 10 Dec 2024 | To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding a... |
| Boston Scientific Corporation | 1 May 2025 | Stockholder proposal titled "Support Simple Majority Vote." |
| FedEx Corporation | 23 Sep 2024 | Stockholder proposal regarding a Just Transition report. |
| Vertex Pharmaceuticals Incorporated | 14 May 2025 | Shareholder proposal, if properly presented at the meeting, regarding excessive golden parachutes. |
| Autodesk, Inc. | 16 Jul 2024 | To consider and vote upon a stockholder proposal, if properly presented at the Annual Meeting, to enable... |
| The Travelers Companies, Inc. | 21 May 2025 | Shareholder proposal relating to ratification of golden parachutes, if presented at the Annual Meeting of... |
| Illinois Tool Works Inc. | 2 May 2025 | A non-binding stockholder proposal, if properly presented at the meeting, for stockholder ratification of... |
| Air Products and Chemicals, Inc. | 23 Jan 2025 | The Mantle Ridge Parties' proposal to repeal any provision of, or amendment to, the Bylaws that the Board... |
| Otis Worldwide Corporation | 15 May 2025 | Shareholder proposal regarding reporting on political contributions and expenditures |
| Capital One Financial Corporation | 8 May 2025 | Stockholder proposal to require a shareholder vote on golden parachute arrangements. |
| Marathon Petroleum Corporation | 30 Apr 2025 | Shareholder proposal to support a simple majority vote. |
| Cadence Design Systems, Inc. | 8 May 2025 | Stockholder proposal regarding political spending. |
| Marvell Technology, Inc. | 13 Jun 2025 | To consider and act on one stockholder proposal, entitled "Independent Board Chairman" |
| Airbnb, Inc. | 4 Jun 2025 | To consider one stockholder proposal regarding voting disclosure |
| Moody's Corporation | 15 Apr 2025 | Stockholder proposal requesting stockholder ratification of certain executive severance arrangements. |
| Cintas Corporation | 29 Oct 2024 | A shareholder proposal regarding political disclosure |
Shares on loan
MassMutual reported 259.9 million shares on loan at record dates against 3.99 billion shares voted: 6.11% 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 MassMutual vote on executive pay?
In the year to 30 June 2025 MassMutual reported 9,341 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 8,433 were for (90.3%), 903 against and 5 abstentions. Counting one item per company meeting, it voted against management on 228 of the 2,404 say-on-pay items it marked either way. A further 19 say-on-pay items were reported without a management mark and are not counted in that figure.
How often does MassMutual vote against management?
5.9% of the time in the year to 30 June 2025: 5,857 of the 98,635 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 1,167 votes on proposals from security holders in the year to 30 June 2025 and voted for 61 of them (5.2%). Across every category it voted for 31.5% 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 MassMutual 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 MassMutual, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.