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Form N-PX · fund registrantSEC filer no. 1540305

ETF Series Solutions

fund voting report

Vote records reported
40,579year to 30 June 2026
Against management
12.6%4,731 of 37,638 marked votes
Say-on-pay support
78.8%for, of for + against + abstain
Shareholder-proposal support
26.7%for, of for + against + abstain
85.0% for12.6% against2.4% other12.6% against management37,885 votes

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

In its Form N-PX for the year to 30 June 2026, ETF Series Solutions listed 40,579 vote records. Votes against management made up 12.6% of those marked either way (4,731 of 37,638); the median fund registrant stood at 6.2%.

Weighted by the number of shares voted, the against-management share is 13.9%. 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 78.8% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 26.7% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (45.0% of 191), SECTION 14A SAY-ON-PAY VOTES (20.6% of 2,823) and DIVERSITY, EQUITY, AND INCLUSION (19.0% of 42).

It reported 278.9 million shares out on loan at record dates, 3.13% 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 1,241 fund registrants with at least 25 vote records in the season.

year to 30 June 2026This filerMedian fund registrantAll filers pooled
Against-management share12.6%6.2%10.6%
Say-on-pay support rate78.8%91.6%86.0%
Shareholder-proposal support rate26.7%27.5%33.9%
Shares on loan, share of shares held3.13%0.00%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%
State Street and SPDR16.9%77.1%50.4%

Of the 40,579 vote records in this filing, 2,764 carry something the form does not expect: a missing vote source or category, a record with no vote line, a meeting date that cannot be read, or a security identifier this site could not use. They are counted as filed. What is checked

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 ELECTIONS24,08321,0792,30712.4%
SECTION 14A SAY-ON-PAY VOTES2,8352,12257520.6%
AUDIT-RELATED3,0712,8172468.1%
INVESTMENT COMPANY MATTERS1410428.6%
SHAREHOLDER RIGHTS AND DEFENSES1981424345.0%
EXTRAORDINARY TRANSACTIONS17116821.8%
CAPITAL STRUCTURE1,8441,6721718.9%
COMPENSATION1,4811,30617010.2%
CORPORATE GOVERNANCE3,1652,56857613.0%
ENVIRONMENT OR CLIMATE2432321811.1%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE2403020912.2%
DIVERSITY, EQUITY, AND INCLUSION4283419.0%
OTHER SOCIAL ISSUES46513133317.7%
OTHER7566141128.5%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 202447,5109.4%81.0%26.0%
year to 30 June 202541,5659.0%80.3%20.1%
year to 30 June 202640,57912.6%78.8%26.7%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, ETF Series Solutions voted against management on 242 of the 1,338 it marked either way (18.1%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 13 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 426 proposals from security holders that could be told apart in the filings and on which it cast a vote, ETF Series Solutions voted for 120 (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
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on AI data usage oversight
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Johnson & Johnson23 Apr 2026Independent Board Chair
Mastercard Incorporated16 Jun 2026Consideration of a stockholder proposal regarding shareholder right to act by written consent
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
Walmart Inc.4 Jun 2026Report on Workplace Health and Safety Governance
Tesla, Inc.6 Nov 2025A shareholder proposal to amend the bylaws to repeal 3% derivative suit ownership threshold.
Tesla, Inc.6 Nov 2025A shareholder proposal to amend Article X of the bylaws.
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
Advanced Micro Devices, Inc.13 May 2026Stockholder proposal requesting changes to the stockholder right to call a special meeting.
QUALCOMM Incorporated17 Mar 2026Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting."
International Business Machines Corporation28 Apr 2026Stockholder Proposal Requesting a Right to Act by Written Consent
AT&T INC.14 May 2026Shareholder Right to Act by Written Consent
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
Texas Instruments Incorporated16 Apr 2026Stockholder proposal to permit stockholders to act by written consent.
Bristol-Myers Squibb Company5 May 2026Require Independent Board Chair
Adobe Inc.15 Apr 2026Stockholder Proposal Regarding Vote on Golden Parachutes.
HONEYWELL INTERNATIONAL INC.22 May 2026Shareowner Proposal - Shareholder Right to Act by Written Consent.
Comcast Corporation10 Jun 2026Adopt policy to have an independent chair
PALANTIR TECHNOLOGIES INC.3 Jun 2026Stockholder proposal entitled "Political Spending Disclosure,"
THE BOEING COMPANY17 Apr 2026Action by Written Consent.
LOCKHEED MARTIN CORPORATION12 May 2026Stockholder Proposal Requiring Independent Board Chairman
Micron Technology, Inc.15 Jan 2026Reduce Ownership Threshold for Shareholders to Call Special Meeting
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...
Lam Research Corporation4 Nov 2025Stockholder proposal titled "Realistic Shareholder Ability to Call for a Special Shareholder Meeting,"
Analog Devices, Inc.11 Mar 2026To consider a shareholder proposal
Colgate-Palmolive Company8 May 2026Stockholder proposal entitled "Independent Board Chairman."
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.
Target Corporation10 Jun 2026Require Independent Board Chair
Constellation Energy Corporation28 Apr 2026To consider a shareholder proposal (if properly presented) requesting a report assessing the bases for the...
Zoetis Inc.20 May 2026Shareholder proposal to permit shareholder action by written consent.
The Cigna Group22 Apr 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
PayPal Holdings, Inc.19 May 2026Stockholder Proposal - Reduce Threshold to Call Special Meetings of Stockholders.
O'Reilly Automotive, Inc.14 May 2026Shareholder proposal entitled "Avoid Brand Damage due to Corporate Political Spending."
L3Harris Technologies, Inc.11 May 2026Shareholder Proposal titled "Improve Shareholder Ability to Call for a Special Shareholder Meeting".
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...
Sysco Corporation14 Nov 2025Adopt Mandatory Policy Separating the Roles of CEO and Board Chair

Shares on loan

ETF Series Solutions reported 278.9 million shares on loan at record dates against 8.64 billion shares voted: 3.13% of the two together. Median fund registrant: 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.

Fund series in this filing

45 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
Vident International Equity Strategy ETF5,1137.9%99.2%4.3%
US Vegan Climate ETF3,11062.9%4.4%82.2%
AAM Transformers ETF2,0686.3%80.3%36.3%
Distillate International Fundamental Stability & Value ETF2,04114.2%91.7%33.3%
Point Bridge America First ETF2,0100.2%100.0%1.1%
The Frontier Economic Fund1,93312.8%54.0%59.3%
Aptus Collared Investment Opportunity ETF1,8860.0%100.0%0.0%
Aptus Drawdown Managed ETF1,8860.0%100.0%0.0%
Distillate Small/Mid Cash Flow ETF1,38837.8%71.4%77.8%
Vident U.S. Equity Strategy ETF1,38212.2%69.9%56.0%
Aptus Large Cap Upside ETF1,3790.0%100.0%0.0%
Distillate U.S. Fundamental Stability & Value ETF1,25032.5%69.0%65.5%
Defiance Quantum ETF1,0068.9%77.4%36.1%
Hoya Capital Housing ETF9761.4%100.0%16.1%
U.S. Diversified Real Estate ETF92911.0%54.9%not reported
Acquirers Small and Micro Deep Value ETF82911.3%90.8%not reported
Aptus Large Cap Enhanced Yield ETF8140.0%100.0%0.0%
AAM S&P 500 High Dividend Value ETF7182.4%90.0%22.2%
AAM Todd International Intrinsic Value ETF7153.8%96.7%0.0%
U.S. Global Jets ETF70811.9%82.4%41.7%
Bahl & Gaynor Income Growth ETF6991.2%100.0%2.0%
Bahl & Gaynor Small Cap Dividend ETF6701.8%100.0%3.4%
AAM Sawgrass U.S. Small Cap Quality Growth ETF6221.3%96.9%not reported
Opus Small Cap Value ETF6160.0%100.0%not reported
Hoya Capital High Dividend Yield ETF5860.9%100.0%not reported
AAM Brentview Dividend Growth ETF5822.4%83.8%10.9%
AAM Sawgrass U.S. Large Cap Quality Growth ETF5595.9%82.1%37.0%
Defiance Space and Connective Tech ETF55214.3%72.9%43.5%
Bahl & Gaynor Small/Mid Cap Income Growth ETF4811.5%100.0%10.0%
U.S. Global Technology and Aerospace & Defense ETF42714.1%84.6%57.9%
ETFB Green SRI REITs ETF4223.6%86.1%not reported
Defiance Drone and Modern Warfare ETF38022.5%72.0%33.3%
U.S. Global Sea to Sky Cargo ETF3489.9%not reportednot reported
The Acquirers Fund3390.3%100.0%0.0%
U.S. Global GO GOLD and Precious Metal Miners ETF3184.6%100.0%not reported
Bahl & Gaynor Dividend ETF3051.3%100.0%not reported
Colterpoint Net Lease Real Estate ETF1994.0%95.0%not reported
Defiance Retail Kings ETF18721.4%66.7%26.7%
AAM Low Duration Preferred and Income Securities ETF860.0%100.0%0.0%
The Brinsmere Fund - Conservative ETF110.0%not reportednot reported
The Brinsmere Fund - Growth ETF110.0%not reportednot reported
LHA Market State Tactical Q ETF11not reportednot reportednot reported
ClearShares OCIO ETF110.0%not reportednot reported
McElhenny Sheffield Managed Risk ETF80.0%not reportednot reported
LHA Risk-Managed Income ETF8not reportednot reportednot reported

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.

Questions

How did ETF Series Solutions vote on executive pay?

In the year to 30 June 2026 ETF Series Solutions reported 2,690 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 2,119 were for (78.8%), 571 against and 0 abstentions. Counting one item per company meeting, it voted against management on 242 of the 1,338 say-on-pay items it marked either way. A further 13 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does ETF Series Solutions vote against management?

12.6% of the time in the year to 30 June 2026: 4,731 of the 37,638 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 ETF Series Solutions support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 240 votes on proposals from security holders in the year to 30 June 2026 and voted for 23 of them (9.6%). Across every category it voted for 26.7% 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 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 ETF Series Solutions (filer no. 1540305), 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.