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SHELTON CAPITAL MANAGEMENT
institutional manager combination report
- Vote records reported
- 5,044year to 30 June 2026
- Against management
- 6.2%314 of 5,027 marked votes
- Say-on-pay support
- 90.0%for, of for + against + abstain
- Shareholder-proposal support
- 29.9%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
For the year to 30 June 2026, SHELTON CAPITAL MANAGEMENT reported 5,044 vote records on Form N-PX. 314 of the 5,027 votes that were marked for or against management went against management: 6.2%, close to the median institutional manager (6.4%).
Weighted by the number of shares voted, the against-management share is 6.2%. 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 90.0% of the section 14A say-on-pay items it reported (the median institutional manager: 91.4%) and it voted for 29.9% of the proposals put forward by security holders (the median institutional manager: 41.1%).
By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (34.6% of 26), CORPORATE GOVERNANCE (21.7% of 314) and COMPENSATION (16.1% of 236).
It reported 183,589 shares out on loan at record dates, 0.17% 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 2,628 institutional managers with at least 25 vote records in the season.
| year to 30 June 2026 | This filer | Median institutional manager | All filers pooled |
|---|---|---|---|
| Against-management share | 6.2% | 6.4% | 10.6% |
| Say-on-pay support rate | 90.0% | 91.4% | 86.0% |
| Shareholder-proposal support rate | 29.9% | 41.1% | 33.9% |
| Shares on loan, share of shares held | 0.17% | 0.00% | 3.12% |
| 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 | 3,458 | 3,305 | 47 | 4.4% | |
| SECTION 14A SAY-ON-PAY VOTES | 309 | 262 | 29 | 9.7% | |
| AUDIT-RELATED | 364 | 362 | 2 | 0.5% | |
| INVESTMENT COMPANY MATTERS | 3 | 2 | 1 | 33.3% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 26 | 20 | 6 | 34.6% | |
| EXTRAORDINARY TRANSACTIONS | 15 | 13 | 2 | 6.7% | |
| CAPITAL STRUCTURE | 199 | 193 | 6 | 5.0% | |
| COMPENSATION | 236 | 191 | 45 | 16.1% | |
| CORPORATE GOVERNANCE | 318 | 249 | 69 | 21.7% | |
| ENVIRONMENT OR CLIMATE | 64 | 2 | 62 | 0.0% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 33 | 4 | 29 | 6.1% | |
| DIVERSITY, EQUITY, AND INCLUSION | 39 | 2 | 37 | 0.0% | |
| OTHER SOCIAL ISSUES | 104 | 20 | 84 | 7.7% | |
| OTHER | 10 | 5 | 4 | 16.7% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 1,171 | 0.7% | 89.4% | not reported | |
| year to 30 June 2025 | 4,901 | 5.9% | 87.8% | 26.6% | |
| year to 30 June 2026 | 5,044 | 6.2% | 90.0% | 29.9% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, SHELTON CAPITAL MANAGEMENT voted against management on 28 of the 287 it marked either way (9.8%) in the year to 30 June 2026.
- Alphabet Inc. 5 Jun 2026
- Broadcom Inc. 20 Apr 2026
- Oracle Corporation 18 Nov 2025
- Berkshire Hathaway Inc. 2 May 2026
- Thermo Fisher Scientific Inc. 20 May 2026
- Tesla, Inc. 6 Nov 2025
- Wells Fargo & Company 28 Apr 2026
- Adobe Inc. 15 Apr 2026
- Comcast Corporation 10 Jun 2026
- PALANTIR TECHNOLOGIES INC. 3 Jun 2026
- Palo Alto Networks, Inc. 9 Dec 2025
- Arista Networks, Inc. 29 May 2026
- WARNER BROS. DISCOVERY, INC. 23 Apr 2026
- WARNER BROS. DISCOVERY, INC. 9 Jun 2026
- T-Mobile US, Inc. 16 Jun 2026
- The Bank of New York Mellon Corporation 14 Apr 2026
- Marvell Technology, Inc. 25 Jun 2026
- Snowflake Inc. 2 Jul 2025
- Snowflake Inc. 29 Jun 2026
- Howmet Aerospace Inc. 19 May 2026
- AppLovin Corporation 3 Jun 2026
- Microchip Technology Incorporated 19 Aug 2025
- Omnicom Group Inc. 5 May 2026
- Workday, Inc. 16 Jun 2026
- Okta, Inc. 18 Jun 2026
- Lincoln National Corporation 28 May 2026
- PLAINS ALL AMERICAN PIPELINE, L.P. 20 May 2026
- Plains GP Holdings, L.P. 20 May 2026
Shareholder proposals it supported
Of 282 proposals from security holders that could be told apart in the filings and on which it cast a vote, SHELTON CAPITAL MANAGEMENT voted for 80 (28.4%). 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 | 5 Dec 2025 | Report on Human Rights Due Diligence |
| Microsoft Corporation | 5 Dec 2025 | Report on Data Operations in Human Rights Hotspots |
| NVIDIA Corporation | 24 Jun 2026 | Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting... |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on AI data usage oversight |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding equal shareholder voting |
| Visa Inc. | 27 Jan 2026 | Shareholder proposal on shareholder right to act by written consent. |
| JPMorgan Chase & Co. | 19 May 2026 | Independent board chairman |
| Mastercard Incorporated | 16 Jun 2026 | Consideration of a stockholder proposal regarding shareholder right to act by written consent |
| Eli Lilly and Company | 4 May 2026 | Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair. |
| AbbVie Inc. | 8 May 2026 | Stockholder Proposal - to Adopt a Policy to Require an Independent Chair |
| Netflix, Inc. | 4 Jun 2026 | Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent," |
| Bank of America Corporation | 4 May 2026 | Shareholder proposal requesting independent board chair |
| Tesla, Inc. | 6 Nov 2025 | A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to... |
| Tesla, Inc. | 6 Nov 2025 | Declassify the Board of Directors |
| Tesla, Inc. | 6 Nov 2025 | Shareholder proposal: CORPORATE GOVERNANCE |
| Advanced Micro Devices, Inc. | 13 May 2026 | Stockholder proposal requesting changes to the stockholder right to call a special meeting. |
| McDonald's Corporation | 20 May 2026 | Advisory Vote on Shareholders' Right to Act by Written Consent. |
| QUALCOMM Incorporated | 17 Mar 2026 | Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting." |
| International Business Machines Corporation | 28 Apr 2026 | Stockholder Proposal Requesting a Right to Act by Written Consent |
| CATERPILLAR INC. | 10 Jun 2026 | Shareholder Proposal - Shareholder Right to Act by Written Consent |
| AT&T INC. | 14 May 2026 | Shareholder Right to Act by Written Consent |
| Wells Fargo & Company | 28 Apr 2026 | Require Independent Board Chair |
| Wells Fargo & Company | 28 Apr 2026 | Shareholder Proposal - Govern by Majority Vote. |
| ServiceNow, Inc. | 21 May 2026 | Shareholder proposal regarding shareholder right to act by written consent. |
| ConocoPhillips | 12 May 2026 | Stockholder Proposal - Independent Board Chairman. |
| Morgan Stanley | 14 May 2026 | Shareholder proposal requesting an independent Board Chairman |
| HONEYWELL INTERNATIONAL INC. | 22 May 2026 | Shareowner Proposal - Shareholder Right to Act by Written Consent. |
| Comcast Corporation | 10 Jun 2026 | Adopt policy to have an independent chair |
| PALANTIR TECHNOLOGIES INC. | 3 Jun 2026 | Stockholder proposal entitled "Political Spending Disclosure," |
| S&P Global Inc. | 20 May 2026 | Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder... |
| Deere & Company | 25 Feb 2026 | Shareholder proposal on shareholder right to act by written consent |
| Starbucks Corporation | 25 Mar 2026 | Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority... |
| THE BOEING COMPANY | 17 Apr 2026 | Action by Written Consent. |
| LOCKHEED MARTIN CORPORATION | 12 May 2026 | Stockholder Proposal Requiring Independent Board Chairman |
| Palo Alto Networks, Inc. | 9 Dec 2025 | To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding... |
| Lam Research Corporation | 4 Nov 2025 | Stockholder proposal titled "Realistic Shareholder Ability to Call for a Special Shareholder Meeting," |
| CVS Health Corporation | 14 May 2026 | Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent. |
| Booking Holdings Inc. | 2 Jun 2026 | Non-binding stockholder vote on a proposal to avoid brand damage due to corporate political spending. |
| Boston Scientific Corporation | 30 Apr 2026 | Stockholder proposal titled "Give Shareholders the Ability to Call for a Special Shareholder Meeting." |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding annual vote regarding executive pay. |
Shares on loan
SHELTON CAPITAL MANAGEMENT reported 183,589 shares on loan at record dates against 109.6 million shares voted: 0.17% of the two together. Median institutional manager: 0.00%. 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.
The filings
These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.
- N-PX filed 28 Aug 2026 accession 0001999371-26-019235
- Every N-PX filing by this filer on EDGAR
Questions
How did SHELTON CAPITAL MANAGEMENT vote on executive pay?
In the year to 30 June 2026 SHELTON CAPITAL MANAGEMENT reported 291 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 262 were for (90.0%), 29 against and 0 abstentions. Counting one item per company meeting, it voted against management on 28 of the 287 say-on-pay items it marked either way.
How often does SHELTON CAPITAL MANAGEMENT vote against management?
6.2% of the time in the year to 30 June 2026: 314 of the 5,027 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.
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 this filer 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 by SHELTON CAPITAL MANAGEMENT (filer no. 1002784), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.