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MFS
One season of the MFS record. The family page shows the latest season.
- Vote records reported
- 103,579year to 30 June 2024
- Against management
- 5.2%5,228 of 100,104 marked votes
- Say-on-pay support
- 93.3%for, of for + against + abstain
- Shareholder-proposal support
- 31.6%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, MFS listed 103,579 vote records. Votes against management made up 5.2% of those marked either way (5,228 of 100,104); the median of the fund families tracked here stood at 8.5%.
Weighted by the number of shares voted, the against-management share is 4.6%. 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 93.3% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 89.0%) and it voted for 31.6% 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 SHAREHOLDER RIGHTS AND DEFENSES (30.9% of 236), HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (23.4% of 806) and OTHER SOCIAL ISSUES (15.0% of 2,195).
It reported 826.7 million shares out on loan at record dates, 0.65% 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 | 5.2% | 8.5% | 10.2% |
| Say-on-pay support rate | 93.3% | 89.0% | 84.6% |
| Shareholder-proposal support rate | 31.6% | 35.1% | 37.0% |
| Shares on loan, share of shares held | 0.65% | 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 103,579 vote records in this filing, 5,567 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 | 58,544 | 55,644 | 1,369 | 4.4% | |
| SECTION 14A SAY-ON-PAY VOTES | 7,525 | 6,224 | 447 | 6.3% | |
| AUDIT-RELATED | 6,581 | 6,546 | 24 | 0.1% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 253 | 218 | 21 | 30.9% | |
| EXTRAORDINARY TRANSACTIONS | 440 | 401 | 39 | 8.4% | |
| CAPITAL STRUCTURE | 7,686 | 7,437 | 249 | 3.7% | |
| COMPENSATION | 7,866 | 6,820 | 1,023 | 8.5% | |
| CORPORATE GOVERNANCE | 10,730 | 9,662 | 943 | 7.9% | |
| ENVIRONMENT OR CLIMATE | 1,528 | 328 | 1,200 | 7.1% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 807 | 346 | 461 | 23.4% | |
| DIVERSITY, EQUITY, AND INCLUSION | 1,015 | 231 | 784 | 7.3% | |
| OTHER SOCIAL ISSUES | 2,198 | 720 | 1,478 | 15.0% | |
| OTHER | 567 | 507 | 57 | 2.3% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 103,579 | 5.2% | 93.3% | 31.6% | |
| year to 30 June 2025 | 108,127 | 8.8% | 93.4% | 25.7% | |
| year to 30 June 2026 | 109,152 | 4.7% | 93.9% | 28.0% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, MFS voted against management on 67 of the 776 it marked either way (8.6%) in the year to 30 June 2024. The 40 companies with the most reporting filers are listed.
A further 1 say-on-pay item was reported without a management mark and are left out of both sides of that fraction.
- Salesforce, Inc. 27 Jun 2024
- Broadcom Inc. 22 Apr 2024
- Oracle Corporation 15 Nov 2023
- Tesla, Inc. 13 Jun 2024
- BlackRock, Inc. 15 May 2024
- 3M Company 14 May 2024
- Palo Alto Networks, Inc. 12 Dec 2023
- WARNER BROS. DISCOVERY, INC. 3 Jun 2024
- The Estee Lauder Companies Inc. 17 Nov 2023
- American International Group, Inc. 15 May 2024
- Xcel Energy Inc. 22 May 2024
- Marvell Technology, Inc. 20 Jun 2024
- Workday, Inc. 18 Jun 2024
- IQVIA Holdings Inc. 16 Apr 2024
- Align Technology, Inc. 22 May 2024
- ANSYS, Inc. 7 Jun 2024
- TransDigm Group Incorporated 7 Mar 2024
- Pinterest, Inc. 23 May 2024
- DraftKings Inc. 13 May 2024
- Las Vegas Sands Corp. 9 May 2024
- Apollo Global Management, Inc. 6 Oct 2023
- Live Nation Entertainment, Inc. 13 Jun 2024
- Fortune Brands Innovations, Inc. 7 May 2024
- Zebra Technologies Corporation 9 May 2024
- Etsy, Inc. 13 Jun 2024
- Watsco, Inc. 3 Jun 2024
- Incyte Corporation 12 Jun 2024
- Bio-Techne Corporation 26 Oct 2023
- Liberty Media Corporation 10 Jun 2024
- Invesco Ltd. 23 May 2024
- The Carlyle Group Inc. 29 May 2024
- Texas Roadhouse, Inc. 16 May 2024
- UGI Corporation 26 Jan 2024
- Life Storage, Inc. 18 Jul 2023
- Black Knight, Inc. 12 Jul 2023
- Columbia Banking System, Inc. 8 May 2024
- Antero Resources Corporation 5 Jun 2024
- TKO Group Holdings, Inc. 12 Jun 2024
- Innovative Industrial Properties, Inc. 15 May 2024
- Armstrong World Industries, Inc. 13 Jun 2024
Shareholder proposals it supported
Of 562 proposals from security holders that could be told apart in the filings and on which it cast a vote, MFS voted for 210 (37.4%). 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 |
| Microsoft Corporation | 7 Dec 2023 | Report on Tax Transparency |
| Amazon.com, Inc. | 22 May 2024 | Shareholder proposal requesting a report on customer due diligence |
| 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 |
| Amazon.com, Inc. | 22 May 2024 | Commission a Third Party Audit on Working Conditions |
| Amazon.com, Inc. | 22 May 2024 | Establish a Board Committee on Artificial Intelligence |
| Amazon.com, Inc. | 22 May 2024 | Shareholder proposal requesting a report on customer use of certain technologies |
| 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... |
| UnitedHealth Group Incorporated | 3 Jun 2024 | If properly presented at the 2024 Annual Meeting of Shareholders, the shareholder proposal requiring a... |
| Merck & Co., Inc. | 28 May 2024 | Shareholder proposal regarding a shareholder right to act by written consent |
| 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 |
| EXXON MOBIL CORPORATION | 29 May 2024 | Additional Social Impact Report |
| Eli Lilly and Company | 6 May 2024 | Shareholder proposal to report on effectiveness of the company's diversity, equity, and inclusion efforts. |
| Eli Lilly and Company | 6 May 2024 | Shareholder proposal to publish an annual report disclosing lobbying activities. |
| CHEVRON CORPORATION | 29 May 2024 | Report on Tax Practices |
| The Procter & Gamble Company | 10 Oct 2023 | Shareholder Proposal - Request to Require Shareholder Approval for Certain Future Amendments to Company... |
| Walmart Inc. | 5 Jun 2024 | Racial Equity Audit |
| Walmart Inc. | 5 Jun 2024 | Publication of Targets for Transitioning from Gestation Crates in Pork Supply Chain |
| Walmart Inc. | 5 Jun 2024 | Workplace Safety & Violence Review |
| Netflix, Inc. | 6 Jun 2024 | Stockholder proposal entitled, "Proposal 8 - Special Shareholder Meeting Improvement," |
| 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 |
| Danaher Corporation | 7 May 2024 | Reduce Ownership Threshold for Shareholders to Call Special Meeting |
| Bristol-Myers Squibb Company | 7 May 2024 | Adopt Share Retention Policy For Senior Executives |
| NextEra Energy, Inc. | 23 May 2024 | A proposal entitled "Climate Lobbying Report" requesting a report on the Company's lobbying and trade... |
| 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. |
| Wells Fargo & Company | 30 Apr 2024 | Shareholder Proposal - Report on Respecting Indigenous Peoples' Rights. |
| Wells Fargo & Company | 30 Apr 2024 | Shareholder Proposal - Transparency in Lobbying Annual Report. |
| RTX CORPORATION | 2 May 2024 | Shareowner Proposal Requesting a Report on Full Value Chain Emissions Reduction Plan |
| 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... |
Shares on loan
MFS reported 826.7 million shares on loan at record dates against 125.63 billion shares voted: 0.65% 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 MFS vote on executive pay?
In the year to 30 June 2024 MFS reported 6,671 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 6,224 were for (93.3%), 447 against and 0 abstentions. Counting one item per company meeting, it voted against management on 67 of the 776 say-on-pay items it marked either way. A further 1 say-on-pay item was reported without a management mark and are not counted in that figure.
How often does MFS vote against management?
5.2% of the time in the year to 30 June 2024: 5,228 of the 100,104 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 MFS support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 1,294 votes on proposals from security holders in the year to 30 June 2024 and voted for 101 of them (7.8%). Across every category it voted for 31.6% 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 MFS 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 MFS, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.