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Home / Families / MFS / year to 30 June 2025

Form N-PX · fund family · year to 30 June 202533 filers grouped

MFS

One season of the MFS record. The family page shows the latest season.

Vote records reported
108,127year to 30 June 2025
Against management
8.8%9,797 of 111,049 marked votes
Say-on-pay support
93.4%for, of for + against + abstain
Shareholder-proposal support
25.7%for, of for + against + abstain
88.3% for5.7% against6.1% other8.8% against management112,286 votes

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

In its Form N-PX for the year to 30 June 2025, MFS listed 108,127 vote records. Votes against management made up 8.8% of those marked either way (9,797 of 111,049); the median of the fund families tracked here stood at 7.6%.

Weighted by the number of shares voted, the against-management share is 3.6%. 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 93.4% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 25.7% 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 (38.9% of 288), OTHER SOCIAL ISSUES (12.1% of 1,576) and DIRECTOR ELECTIONS (11.0% of 68,717).

It reported 1.02 billion shares out on loan at record dates, 0.52% 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 share8.8%7.6%9.7%
Say-on-pay support rate93.4%88.8%84.3%
Shareholder-proposal support rate25.7%29.5%33.0%
Shares on loan, share of shares held0.52%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 ELECTIONS69,45061,3481,76311.0%
SECTION 14A SAY-ON-PAY VOTES7,4776,6214716.6%
AUDIT-RELATED7,0176,972430.2%
INVESTMENT COMPANY MATTERS93366.7%
SHAREHOLDER RIGHTS AND DEFENSES3542923238.9%
EXTRAORDINARY TRANSACTIONS474450245.1%
CAPITAL STRUCTURE8,1847,7963885.2%
COMPENSATION7,3606,5388007.9%
CORPORATE GOVERNANCE11,24810,0271,1484.9%
ENVIRONMENT OR CLIMATE1,3422891,0535.4%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE48522126410.3%
DIVERSITY, EQUITY, AND INCLUSION7801825981.2%
OTHER SOCIAL ISSUES1,57660197512.1%
OTHER455403510.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024103,5795.2%93.3%31.6%
year to 30 June 2025108,1278.8%93.4%25.7%
year to 30 June 2026109,1524.7%93.9%28.0%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, MFS voted against management on 64 of the 783 it marked either way (8.2%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.

A further 2 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 490 proposals from security holders that could be told apart in the filings and on which it cast a vote, MFS voted for 138 (28.2%). 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 AI Data Sourcing Accountability
Amazon.com, Inc.21 May 2025Shareholder proposal requesting a report on warehouse working conditions
Amazon.com, Inc.21 May 2025Shareholder proposal requesting alternative emissions reporting
Apple Inc.25 Feb 2025A shareholder proposal entitled "Report on Costs and Benefits of Child Sex Abuse Material-Identifying...
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 child safety impacts and actual harm reduction to children.
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding report on Al data usage oversight.
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding dual class capital structure.
AbbVie Inc.9 May 2025Stockholder Proposal - to Implement Simple Majority Vote
Merck & Co., Inc.27 May 2025Shareholder proposal regarding a tax transparency report.
Netflix, Inc.5 Jun 2025Shareholder proposal: CORPORATE GOVERNANCE
Walmart Inc.5 Jun 2025Racial Equity Audit
Adobe Inc.22 Apr 2025Stockholder Proposal Regarding Vote on Golden Parachutes.
Union Pacific Corporation8 May 2025Shareholder proposal requesting an amended clawback policy
Comcast Corporation18 Jun 2025Adopt policy for an independent chair
Intuitive Surgical, Inc.1 May 2025The stockholder proposal that is titled "requesting a shareholder approval requirement for excessive...
S&P Global Inc.7 May 2025Vote on a shareholder proposal to amend the Company's clawback policy for unearned executive pay;
Intel Corporation6 May 2025Stockholder proposal requesting shareholder right to act by written consent
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
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.
Boston Scientific Corporation1 May 2025Stockholder proposal titled "Support Simple Majority Vote."
Autodesk, Inc.16 Jul 2024To consider and vote upon a stockholder proposal, if properly presented at the Annual Meeting, to enable...
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...
General Mills, Inc.24 Sep 2024Shareholder Proposal - Plastic Packaging.
Marathon Petroleum Corporation30 Apr 2025Shareholder proposal to support a simple majority vote.
Synopsys, Inc.10 Apr 2025To vote on a stockholder proposal regarding shareholder ratification of golden parachutes
Constellation Brands, Inc.17 Jul 2024Stockholder proposal on managing supply chain water risk.
Constellation Brands, Inc.17 Jul 2024Stockholder proposal on circular packaging.
Constellation Brands, Inc.17 Jul 2024Stockholder proposal on greenhouse gas emissions.
Delta Air Lines, Inc.19 Jun 2025A shareholder proposal requesting the ability for shareholders to act by written consent.
Agilent Technologies, Inc.13 Mar 2025Declassify the Board of Directors
IDEXX Laboratories, Inc.7 May 2025Declassify the Board of Directors
HCA Healthcare, Inc.24 Apr 2025Stockholder proposal, if properly presented at the meeting, regarding lavish golden parachutes.
CoStar Group, Inc.26 Jun 2025Stockholder proposal regarding support for transparency in political spending
Regions Financial Corporation16 Apr 2025Shareholder Proposal Relating to Simple Majority Vote.
CDW Corporation20 May 2025To consider and act upon the stockholder proposal, if properly presented at the meeting, regarding...
Darden Restaurants, Inc.18 Sep 2024To vote on a shareholder proposal requesting the Company issue a report on if and how it will reduce...
Monolithic Power Systems, Inc.12 Jun 2025Vote on a stockholder proposal to give shareholders the ability to call for a special shareholder meeting.

Shares on loan

MFS reported 1.02 billion shares on loan at record dates against 193.51 billion shares voted: 0.52% 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 MFS vote on executive pay?

In the year to 30 June 2025 MFS reported 7,092 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 6,621 were for (93.4%), 471 against and 0 abstentions. Counting one item per company meeting, it voted against management on 64 of the 783 say-on-pay items it marked either way. A further 2 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does MFS vote against management?

8.8% of the time in the year to 30 June 2025: 9,797 of the 111,049 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 1,126 votes on proposals from security holders in the year to 30 June 2025 and voted for 73 of them (6.5%). Across every category it voted for 25.7% 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 2025

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.