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Victory Capital
One season of the Victory Capital record. The family page shows the latest season.
- Vote records reported
- 227,518year to 30 June 2024
- Against management
- 10.0%22,161 of 221,998 marked votes
- Say-on-pay support
- 90.1%for, of for + against + abstain
- Shareholder-proposal support
- 63.5%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 2024, Victory Capital listed 227,518 vote records. Votes against management made up 10.0% of those marked either way (22,161 of 221,998); the median of the fund families tracked here stood at 8.5%.
Weighted by the number of shares voted, the against-management share is 8.8%. 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 90.1% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 89.0%) and it voted for 63.5% 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 HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (58.8% of 1,609), OTHER SOCIAL ISSUES (50.5% of 4,008) and ENVIRONMENT OR CLIMATE (48.6% of 3,193).
It reported 338.3 million shares out on loan at record dates, 0.80% 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 | 10.0% | 8.5% | 10.2% |
| Say-on-pay support rate | 90.1% | 89.0% | 84.6% |
| Shareholder-proposal support rate | 63.5% | 35.1% | 37.0% |
| Shares on loan, share of shares held | 0.80% | 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% |
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 | 136,205 | 124,252 | 5,445 | 8.1% | |
| SECTION 14A SAY-ON-PAY VOTES | 17,620 | 13,671 | 1,502 | 9.6% | |
| AUDIT-RELATED | 16,284 | 16,191 | 73 | 0.3% | |
| INVESTMENT COMPANY MATTERS | 1 | 1 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 707 | 584 | 86 | 27.7% | |
| EXTRAORDINARY TRANSACTIONS | 985 | 869 | 111 | 11.2% | |
| CAPITAL STRUCTURE | 10,930 | 10,326 | 589 | 5.9% | |
| COMPENSATION | 14,942 | 12,481 | 2,393 | 14.2% | |
| CORPORATE GOVERNANCE | 22,585 | 20,429 | 1,977 | 12.3% | |
| ENVIRONMENT OR CLIMATE | 3,214 | 1,759 | 1,438 | 48.6% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 1,609 | 1,166 | 437 | 58.8% | |
| DIVERSITY, EQUITY, AND INCLUSION | 1,771 | 979 | 790 | 42.9% | |
| OTHER SOCIAL ISSUES | 4,044 | 2,542 | 1,481 | 50.5% | |
| OTHER | 905 | 722 | 180 | 1.2% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 227,518 | 10.0% | 90.1% | 63.5% | |
| year to 30 June 2025 | 223,455 | 6.8% | 89.6% | 25.9% | |
| year to 30 June 2026 | 179,233 | 7.6% | 89.2% | 34.2% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Victory Capital voted against management on 330 of the 2,641 it marked either way (12.5%) in the year to 30 June 2024. The 40 companies with the most reporting filers are listed.
A further 5 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- Amazon.com, Inc. 22 May 2024
- Salesforce, Inc. 27 Jun 2024
- Broadcom Inc. 22 Apr 2024
- The Walt Disney Company 3 Apr 2024
- Oracle Corporation 15 Nov 2023
- Tesla, Inc. 13 Jun 2024
- BlackRock, Inc. 15 May 2024
- Morgan Stanley 23 May 2024
- 3M Company 14 May 2024
- THE BOEING COMPANY 17 May 2024
- Analog Devices, Inc. 13 Mar 2024
- Palo Alto Networks, Inc. 12 Dec 2023
- Air Products and Chemicals, Inc. 25 Jan 2024
- WARNER BROS. DISCOVERY, INC. 3 Jun 2024
- The Travelers Companies, Inc. 15 May 2024
- General Motors Company 4 Jun 2024
- Pioneer Natural Resources Company 7 Feb 2024
- The Estee Lauder Companies Inc. 17 Nov 2023
- Prudential Financial, Inc. 14 May 2024
- American International Group, Inc. 15 May 2024
- Dollar General Corporation 29 May 2024
- Marvell Technology, Inc. 20 Jun 2024
- Workday, Inc. 18 Jun 2024
- Copart, Inc. 8 Dec 2023
- Lennar Corporation 10 Apr 2024
- Hess Corporation 15 May 2024
- Hess Corporation 28 May 2024
- TransDigm Group Incorporated 7 Mar 2024
- Pinterest, Inc. 23 May 2024
- Synchrony Financial 11 Jun 2024
- Citizens Financial Group, Inc. 25 Apr 2024
- Axon Enterprise, Inc. 10 May 2024
- DraftKings Inc. 13 May 2024
- Las Vegas Sands Corp. 9 May 2024
- APA CORPORATION 23 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
Shareholder proposals it supported
Of 948 proposals from security holders that could be told apart in the filings and on which it cast a vote, Victory Capital voted for 605 (63.8%). 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 AI Misinformation and Disinformation |
| Microsoft Corporation | 7 Dec 2023 | S/H Proposal - Environmental |
| Microsoft Corporation | 7 Dec 2023 | Report on Data Operations in Human Rights Hotspots |
| Microsoft Corporation | 7 Dec 2023 | Report on Tax Transparency |
| Microsoft Corporation | 7 Dec 2023 | Report on Risks of Weapons Development |
| Amazon.com, Inc. | 22 May 2024 | Report on Median and Adjusted Gender/Racial Pay Gaps |
| Amazon.com, Inc. | 22 May 2024 | Shareholder proposal requesting a report on customer due diligence |
| Amazon.com, Inc. | 22 May 2024 | Disclose All Material Scope 3 GHG Emissions |
| 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 Public Policy Committee |
| 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 |
| Amazon.com, Inc. | 22 May 2024 | Shareholder proposal requesting alternative emissions reporting |
| Amazon.com, Inc. | 22 May 2024 | Shareholder proposal requesting additional reporting on stakeholder impacts |
| Apple Inc. | 28 Feb 2024 | A shareholder proposal entitled "Racial and Gender Pay Gaps" |
| 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... |
| JPMorgan Chase & Co. | 21 May 2024 | Shareholder opportunity to vote on excessive golden parachutes |
| JPMorgan Chase & Co. | 21 May 2024 | Indigenous peoples' rights indicators |
| JPMorgan Chase & Co. | 21 May 2024 | Proxy voting alignment |
| JPMorgan Chase & Co. | 21 May 2024 | Independent board chairman |
| UnitedHealth Group Incorporated | 3 Jun 2024 | If properly presented at the 2024 Annual Meeting of Shareholders, the shareholder proposal requiring a... |
| Mastercard Incorporated | 18 Jun 2024 | Consideration of a stockholder proposal requesting transparency in lobbying |
| 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 |
| The Home Depot, Inc. | 16 May 2024 | Shareholder Proposal Regarding Political Contributions Congruency Analysis |
| The Home Depot, Inc. | 16 May 2024 | Shareholder Proposal Regarding a Report on Biodiversity Impact and Dependency Assessment |
| AbbVie Inc. | 3 May 2024 | Stockholder Proposal - to Implement Simple Majority Vote |
| AbbVie Inc. | 3 May 2024 | Stockholder Proposal - to Issue Annual Report on Lobbying |
| AbbVie Inc. | 3 May 2024 | Stockholder Proposal - to Issue a Report on Patent Process |
| Adobe Inc. | 17 Apr 2024 | Stockholder Proposal - Reporting on Hiring of Persons with Arrest or Incarceration Records. |
| Cisco Systems, Inc. | 6 Dec 2023 | Stockholder Proposal - Approval to have Ciscos Board issue a tax transparency report in consideration of... |
| EXXON MOBIL CORPORATION | 29 May 2024 | Additional Social Impact Report |
| EXXON MOBIL CORPORATION | 29 May 2024 | Additional Pay Report on Gender and Racial Basis |
| EXXON MOBIL CORPORATION | 29 May 2024 | Shareholder proposal: ENVIRONMENT OR CLIMATE |
| Eli Lilly and Company | 6 May 2024 | Shareholder proposal to adopt a comprehensive human rights policy |
| 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 establish and report on a process by which the impact of extended patent... |
Shares on loan
Victory Capital reported 338.3 million shares on loan at record dates against 41.88 billion shares voted: 0.80% 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 Victory Capital vote on executive pay?
In the year to 30 June 2024 Victory Capital reported 15,174 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 13,671 were for (90.1%), 1,502 against and 1 abstentions. Counting one item per company meeting, it voted against management on 330 of the 2,641 say-on-pay items it marked either way. A further 5 say-on-pay items were reported without a management mark and are not counted in that figure.
How often does Victory Capital vote against management?
10.0% of the time in the year to 30 June 2024: 22,161 of the 221,998 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 Victory Capital support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 2,914 votes on proposals from security holders in the year to 30 June 2024 and voted for 1,501 of them (51.5%). Across every category it voted for 63.5% 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 Victory Capital 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 Victory Capital, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.