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Home / Families / State Street and SPDR / year to 30 June 2025

Form N-PX · fund family · year to 30 June 202524 filers grouped

State Street and SPDR

One season of the State Street and SPDR record. The family page shows the latest season.

Vote records reported
861,668year to 30 June 2025
Against management
14.3%127,875 of 892,791 marked votes
Say-on-pay support
82.2%for, of for + against + abstain
Shareholder-proposal support
49.5%for, of for + against + abstain
83.0% for13.2% against3.7% other14.3% against management912,695 votes

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

For the year to 30 June 2025, State Street and SPDR reported 861,668 vote records on Form N-PX. 127,875 of the 892,791 votes that were marked for or against management went against management: 14.3%, 6.7 percentage points above the median of the fund families tracked here (7.6%).

Weighted by the number of shares voted, the against-management share is 5.9%. 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 82.2% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 88.8%) and it voted for 49.5% 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 OTHER (29.4% of 6,268), SHAREHOLDER RIGHTS AND DEFENSES (27.1% of 1,854) and OTHER SOCIAL ISSUES (17.9% of 7,334).

It reported 59.52 billion shares out on loan at record dates, 13.68% 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 share14.3%7.6%9.7%
Say-on-pay support rate82.2%88.8%84.3%
Shareholder-proposal support rate49.5%29.5%33.0%
Shares on loan, share of shares held13.68%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%

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 ELECTIONS433,913359,02144,81514.7%
SECTION 14A SAY-ON-PAY VOTES53,45941,1968,89317.3%
AUDIT-RELATED64,88956,1128,74613.3%
INVESTMENT COMPANY MATTERS565600.0%
SHAREHOLDER RIGHTS AND DEFENSES2,2941,52071727.1%
EXTRAORDINARY TRANSACTIONS13,64912,4101,2249.0%
CAPITAL STRUCTURE101,47787,65913,81713.5%
COMPENSATION80,71365,94914,52116.4%
CORPORATE GOVERNANCE174,440150,27423,73511.7%
ENVIRONMENT OR CLIMATE6,1012,2103,89115.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE2,3701,51185917.0%
DIVERSITY, EQUITY, AND INCLUSION3,5541,5052,0439.7%
OTHER SOCIAL ISSUES7,3483,5783,73717.9%
OTHER7,9804,6533,05829.4%

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 80 of the 3,144 it marked either way (2.5%) in the year to 30 June 2025. The 40 companies with the most reporting filers are listed.

Shareholder proposals it supported

Of 2,173 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 1,091 (50.2%). 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
Amazon.com, Inc.21 May 2025Shareholder proposal requesting a report on warehouse working conditions
Amazon.com, Inc.21 May 2025Shareholder proposal requesting additional reporting on impact of data centers on climate commitments
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 hate targeting marginalized communities.
Meta Platforms, Inc.28 May 2025A shareholder proposal regarding dual class capital structure.
JPMorgan Chase & Co.20 May 2025Support for an independent board chairman
Citigroup Inc.29 Apr 2025Stockholder proposal requesting a shareholder vote regarding excessive golden parachutes.
The Charles Schwab Corporation22 May 2025Stockholder proposal requesting declassification of the board of directors
Deere & Company26 Feb 2025Shareholder proposal on a civil rights audit
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."
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...
Air Products and Chemicals, Inc.23 Jan 2025Shareholder Proposal to Amend the Bylaws to Repeal any Amendments Adopted after September 17, 2023
Capital One Financial Corporation8 May 2025Stockholder proposal to require a shareholder vote on golden parachute arrangements.
Cadence Design Systems, Inc.8 May 2025Stockholder proposal regarding political spending.
Airbnb, Inc.4 Jun 2025To consider one stockholder proposal regarding voting disclosure
Yum! Brands, Inc.15 May 2025Shareholder Proposal Regarding Workplace Safety Policies and Practices.
Cintas Corporation29 Oct 2024A shareholder proposal regarding disclosure of key diversity and inclusion metric
Cintas Corporation29 Oct 2024A shareholder proposal regarding political disclosure
Cintas Corporation29 Oct 2024A shareholder proposal regarding disclosure of managing climate risk through science-based targets and...
Agilent Technologies, Inc.13 Mar 2025Declassify the Board of Directors
IDEXX Laboratories, Inc.7 May 2025Declassify the Board of Directors
Lennar Corporation9 Apr 2025Vote on a stockholder proposal on an Independent Board Chairman.
Snowflake Inc.2 Jul 2024To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal...
Keysight Technologies, Inc.20 Mar 2025Declassify the Board of Directors
Regions Financial Corporation16 Apr 2025Shareholder Proposal Relating to Simple Majority Vote.
Monolithic Power Systems, Inc.12 Jun 2025Vote on a stockholder proposal to give shareholders the ability to call for a special shareholder meeting.
Skyworks Solutions, Inc.14 May 2025To approve a stockholder proposal regarding disclosure of Scope 3 greenhouse gas emissions.
Skyworks Solutions, Inc.14 May 2025To approve a stockholder proposal regarding simple majority vote.
Tyler Technologies, Inc.6 May 2025Shareholder Proposal Regarding Political Spending.
CMS Energy Corporation2 May 2025Vote on a Shareholder Proposal: Support Shareholder Ability to Call for a Special Shareholder Meeting.
Teradyne, Inc.9 May 2025To vote on a shareholder proposal requiring the Company to prepare a report about political contributions...
Hologic, Inc.26 Feb 2025Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter...
Albemarle Corporation6 May 2025Shareholder proposal regarding simple majority vote.
Cboe Global Markets, Inc.6 May 2025Stockholder proposal regarding political spending.
Alexandria Real Estate Equities, Inc.13 May 2025To consider and vote upon a stockholder proposal titled "Simple Majority Vote".
Teledyne Technologies Incorporated23 Apr 2025Approval of a stockholder proposal to support shareholder ability to call for a special shareholder meeting
LKQ Corporation7 May 2025Advisory vote on a shareholder proposal to give shareholders the ability to call for a special shareholder...
Markel Group Inc.21 May 2025Shareholder proposal for simple majority vote.

Shares on loan

State Street and SPDR reported 59.52 billion shares on loan at record dates against 375.49 billion shares voted: 13.68% 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 State Street and SPDR vote on executive pay?

In the year to 30 June 2025 State Street and SPDR reported 50,090 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 41,196 were for (82.2%), 8,893 against and 1 abstentions. Counting one item per company meeting, it voted against management on 80 of the 3,144 say-on-pay items it marked either way.

How often does State Street and SPDR vote against management?

14.3% of the time in the year to 30 June 2025: 127,875 of the 892,791 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 4,806 votes on proposals from security holders in the year to 30 June 2025 and voted for 915 of them (19.0%). Across every category it voted for 49.5% 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 State Street and SPDR 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 State Street and SPDR, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.