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Form N-PX · fund family22 filers grouped

State Street and SPDR

Fund registrants and adviser entities grouped under State Street and SPDR by this site's alias table

Vote records reported
834,281year to 30 June 2026
Against management
16.9%148,359 of 876,351 marked votes
Say-on-pay support
77.1%for, of for + against + abstain
Shareholder-proposal support
50.4%for, of for + against + abstain
81.0% for15.6% against3.4% other16.9% against management892,025 votes

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

For the year to 30 June 2026, State Street and SPDR reported 834,281 vote records on Form N-PX. 148,359 of the 876,351 votes that were marked for or against management went against management: 16.9%, 9.1 percentage points above the median of the fund families tracked here (7.8%).

Weighted by the number of shares voted, the against-management share is 9.7%. 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 77.1% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.2%) and it voted for 50.4% of the proposals put forward by security holders (the median of the fund families tracked here: 30.7%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (28.6% of 1,976), OTHER (26.7% of 6,276) and EXTRAORDINARY TRANSACTIONS (25.2% of 13,478).

It reported 70.60 billion shares out on loan at record dates, 21.13% 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 2026This familyMedian familyAll filers pooled
Against-management share16.9%7.8%10.6%
Say-on-pay support rate77.1%88.2%86.0%
Shareholder-proposal support rate50.4%30.7%33.9%
Shares on loan, share of shares held21.13%1.53%3.12%
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%

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 ELECTIONS404,881334,30944,65715.5%
SECTION 14A SAY-ON-PAY VOTES52,48337,97511,23822.2%
AUDIT-RELATED63,95853,24710,65916.5%
INVESTMENT COMPANY MATTERS16516500.0%
SHAREHOLDER RIGHTS AND DEFENSES2,2171,42277428.6%
EXTRAORDINARY TRANSACTIONS13,48110,0573,42425.2%
CAPITAL STRUCTURE99,99586,80313,18413.1%
COMPENSATION82,84468,85813,75616.2%
CORPORATE GOVERNANCE188,415149,87038,15818.7%
ENVIRONMENT OR CLIMATE4,2881,9492,33912.6%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE2,3781,59578315.1%
DIVERSITY, EQUITY, AND INCLUSION2,4771,4341,0337.6%
OTHER SOCIAL ISSUES6,2513,3522,89916.7%
OTHER8,0544,9682,74126.7%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024852,01819.0%85.1%49.8%
year to 30 June 2025861,66814.3%82.2%49.5%
year to 30 June 2026834,28116.9%77.1%50.4%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, State Street and SPDR voted against management on 116 of the 2,911 it marked either way (4.0%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

Shareholder proposals it supported

Of 1,691 proposals from security holders that could be told apart in the filings and on which it cast a vote, State Street and SPDR voted for 715 (42.3%). 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
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on AI data usage oversight
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on AI-generated misinformation
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
JPMorgan Chase & Co.19 May 2026Independent board chairman
Berkshire Hathaway Inc.2 May 2026Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework...
Tesla, Inc.6 Nov 2025A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to...
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
Morgan Stanley14 May 2026Shareholder proposal requesting an independent Board Chairman
PALANTIR TECHNOLOGIES INC.3 Jun 2026Stockholder proposal entitled "Human Rights Impact Assessment,"
PALANTIR TECHNOLOGIES INC.3 Jun 2026Stockholder proposal entitled "Political Spending Disclosure,"
Starbucks Corporation25 Mar 2026Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority...
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...
Meta Platforms, Inc.27 May 2026Shareholder proposal: OTHER SOCIAL ISSUES
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding disclosure of voting results by share class.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding dual class capital structure.
United Parcel Service, Inc.7 May 2026To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share.
O'Reilly Automotive, Inc.14 May 2026Shareholder proposal entitled "Avoid Brand Damage due to Corporate Political Spending."
FORD MOTOR COMPANY14 May 2026A shareholder proposal relating to a request that the Board take steps to implement one vote per share for...
FORD MOTOR COMPANY14 May 2026A shareholder proposal relating to public disclosure by share class of voting results on matters subject...
Snowflake Inc.29 Jun 2026To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal...
Cintas Corporation28 Oct 2025A shareholder proposal regarding support for shareholder ability to call for a special shareholder meeting.
AppLovin Corporation3 Jun 2026Stockholder proposal regarding disclosure of voting results by class of shares
Airbnb, Inc.5 Jun 2026Dual-class sunset; and
Datadog, Inc.15 Jun 2026The stockholder proposal, if properly presented at the Annual Meeting, requesting the adoption of a simple...
NRG Energy, Inc.30 Apr 2026To vote on a stockholder proposal to give shareholders the ability to call for a special shareholder meeting
Keysight Technologies, Inc.19 Mar 2026Consider, on a non-binding advisory basis, a Stockholder Proposal: Shareholder Ability to Call for a...
Charter Communications, Inc.21 Apr 2026Stockholder proposal regarding political expenditures report.
Workday, Inc.16 Jun 2026To consider and vote upon a stockholder proposal regarding disclosure of voting results based on share class.
Lennar Corporation8 Apr 2026Vote on a stockholder proposal on Disclosure of Voting Result by Share Class.
Lennar Corporation8 Apr 2026Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES
ON Semiconductor Corporation14 May 2026To vote on a stockholder proposal regarding simple majority voting
Steel Dynamics, Inc.6 May 2026Shareholder proposal - avoid political spending brand damage
Albemarle Corporation5 May 2026Shareholder Proposal regarding shareholders ability to call for a special shareholder meeting.
lululemon athletica inc.25 Jun 2026Declassify the Board of Directors
Zscaler, Inc.12 Jan 2026To vote on a non-binding stockholder proposal requesting the declassification of our board of directors.
Tyson Foods, Inc.5 Feb 2026Shareholder proposal regarding disclosure of voting results based on class of shares.
Markel Group Inc.20 May 2026Shareholder proposal for a report on the Company's strategies and action plans to mitigate material...
HubSpot, Inc.15 Jun 2026A stockholder proposal to change the Company's Sixth Amended and Restated Bylaws to allow 10% holders of...

Shares on loan

State Street and SPDR reported 70.60 billion shares on loan at record dates against 263.56 billion shares voted: 21.13% of the two together. Median family: 1.53%. 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.

Filers grouped under this family

Grouping is by registrant and manager name, from a hand-maintained table. See the methodology.

FilerTypeVote records, year to 30 June 2026
SPDR INDEX SHARES FUNDSfund registrant409,050
SPDR SERIES TRUSTfund registrant151,424
STATE STREET INSTITUTIONAL INVESTMENT TRUSTfund registrant149,938
STATE STREET VARIABLE INSURANCE SERIES FUNDS INCfund registrant66,549
STATE STREET MASTER FUNDSfund registrant11,499
SSGA FUNDSfund registrant9,452
ELFUN DIVERSIFIED FUNDfund registrant6,193
SELECT SECTOR SPDR TRUSTfund registrant6,193
STATE STREET INSTITUTIONAL FUNDSfund registrant4,746
State Street Global Advisors Trust Coinstitutional manager3,322
SSGA FUNDS MANAGEMENT INCinstitutional manager2,734
State Street Global Advisors Europe Ltdinstitutional manager2,692
SSGA Active Trustfund registrant2,439
State Street Global Advisors LTDinstitutional manager2,199
State Street Global Advisors Asia LTDinstitutional manager1,094
State Street Global Advisors Ltd.institutional manager1,003
ELFUN INTERNATIONAL EQUITY FUNDfund registrant944
State Street Global Advisors (Japan) Co., Ltd.institutional manager727
State Street Global Advisors, Australiainstitutional manager702
ELFUN TRUSTSfund registrant584
State Street Global Advisors Singapore LTDinstitutional manager527
State Street Saudi Arabia Financial Solutionsinstitutional manager270
ELFUN INCOME FUNDfund registrant0
ELFUN TAX EXEMPT INCOME FUNDfund registrant0

Questions

How did State Street and SPDR vote on executive pay?

In the year to 30 June 2026 State Street and SPDR reported 49,275 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 37,975 were for (77.1%), 11,238 against and 62 abstentions. Counting one item per company meeting, it voted against management on 116 of the 2,911 say-on-pay items it marked either way.

How often does State Street and SPDR vote against management?

16.9% of the time in the year to 30 June 2026: 148,359 of the 876,351 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 State Street and SPDR support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 2,868 votes on proposals from security holders in the year to 30 June 2026 and voted for 534 of them (18.6%). Across every category it voted for 50.4% 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.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings of the filers listed above, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.