Home / Capital Group and American Funds / INVESTMENT CO OF AMERICA
INVESTMENT CO OF AMERICA
fund voting report, part of Capital Group and American Funds
- Vote records reported
- 2,222year to 30 June 2026
- Against management
- 3.8%85 of 2,216 marked votes
- Say-on-pay support
- 90.9%for, of for + against + abstain
- Shareholder-proposal support
- 30.4%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
INVESTMENT CO OF AMERICA reported 2,222 vote records for the year to 30 June 2026. It marked 3.8% of its votes as cast against management (85 of 2,216), 2.4 percentage points below the median fund registrant, which was 6.2%.
Weighted by the number of shares voted, the against-management share is 3.6%. 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 90.9% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 30.4% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in CORPORATE GOVERNANCE (28.6% of 133), COMPENSATION (13.5% of 74) and SECTION 14A SAY-ON-PAY VOTES (10.0% of 140).
It reported 411.0 million shares out on loan at record dates, 2.40% 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 2026 | This filer | Median fund registrant | All filers pooled |
|---|---|---|---|
| Against-management share | 3.8% | 6.2% | 10.6% |
| Say-on-pay support rate | 90.9% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 30.4% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 2.40% | 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 | 1,576 | 1,560 | 11 | 1.0% | |
| SECTION 14A SAY-ON-PAY VOTES | 140 | 120 | 12 | 10.0% | |
| AUDIT-RELATED | 158 | 157 | 1 | 0.6% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 8 | 5 | 3 | 37.5% | |
| EXTRAORDINARY TRANSACTIONS | 4 | 3 | 1 | 25.0% | |
| CAPITAL STRUCTURE | 62 | 61 | 1 | 4.8% | |
| COMPENSATION | 79 | 67 | 11 | 13.5% | |
| CORPORATE GOVERNANCE | 136 | 104 | 32 | 28.6% | |
| ENVIRONMENT OR CLIMATE | 41 | 1 | 40 | 0.0% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 18 | 2 | 16 | 5.6% | |
| DIVERSITY, EQUITY, AND INCLUSION | 27 | 3 | 24 | 7.4% | |
| OTHER SOCIAL ISSUES | 61 | 7 | 54 | 1.6% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 2,889 | 3.4% | 88.1% | 14.7% | |
| year to 30 June 2025 | 2,806 | 2.7% | 92.0% | 17.6% | |
| year to 30 June 2026 | 2,222 | 3.8% | 90.9% | 30.4% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, INVESTMENT CO OF AMERICA voted against management on 12 of the 132 it marked either way (9.1%) in the year to 30 June 2026.
- Netflix, Inc. 4 Jun 2026
- Thermo Fisher Scientific Inc. 20 May 2026
- Tesla, Inc. 6 Nov 2025
- Comcast Corporation 10 Jun 2026
- Prologis, Inc. 28 Apr 2026
- Welltower Inc. 21 May 2026
- AppLovin Corporation 3 Jun 2026
- DoorDash, Inc. 10 Jun 2026
- Apollo Global Management, Inc. 8 Jun 2026
- Charter Communications, Inc. 21 Apr 2026
- Brown & Brown, Inc. 6 May 2026
- Carvana Co. 5 May 2026
Shareholder proposals it supported
Of 142 proposals from security holders that could be told apart in the filings and on which it cast a vote, INVESTMENT CO OF AMERICA voted for 41 (28.9%). 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 |
|---|---|---|
| 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 equal shareholder voting |
| Visa Inc. | 27 Jan 2026 | Shareholder proposal on shareholder right to act by written consent. |
| 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," |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Independent Board Chair |
| Berkshire Hathaway Inc. | 2 May 2026 | Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework... |
| UnitedHealth Group Incorporated | 1 Jun 2026 | If properly presented at the 2026 Annual Meeting of Shareholders, the shareholder proposal requesting the... |
| PEPSICO, INC. | 6 May 2026 | Shareholder Proposal - Independent Board Chair. |
| Tesla, Inc. | 6 Nov 2025 | A shareholder proposal to amend the bylaws to repeal 3% derivative suit ownership threshold. |
| 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 |
| McDonald's Corporation | 20 May 2026 | Advisory Vote to Adopt Policy for an Independent Chair. |
| McDonald's Corporation | 20 May 2026 | Advisory Vote on Shareholders' 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 | EEO-1 Report Disclosure Policy |
| AT&T INC. | 14 May 2026 | Shareholder Right to Act by Written Consent |
| Wells Fargo & Company | 28 Apr 2026 | Shareholder Proposal - Govern by Majority Vote. |
| 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 |
| Gilead Sciences, Inc. | 30 Apr 2026 | To vote on a stockholder proposal requesting an independent Board Chair policy |
| 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. |
| Micron Technology, Inc. | 15 Jan 2026 | Reduce Ownership Threshold for Shareholders to Call Special Meeting |
| CVS Health Corporation | 14 May 2026 | Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent. |
| Mondelez International, Inc. | 20 May 2026 | Shareholder proposal requesting adoption of an independent board chairman policy |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding annual vote regarding executive pay. |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding disclosure of voting results by share class. |
| Meta Platforms, Inc. | 27 May 2026 | A shareholder proposal regarding dual class capital structure. |
| The Cigna Group | 22 Apr 2026 | Shareholder Proposal - Shareholder Right to Act by Written Consent |
| Corning Incorporated | 30 Apr 2026 | Request to adopt an independent chair policy |
| Vertex Pharmaceuticals Incorporated | 13 May 2026 | Shareholder proposal, if properly presented at the meeting, regarding shareholder right to act by written... |
| Marvell Technology, Inc. | 25 Jun 2026 | To consider and act on one stockholder proposal, entitled "Independent Board Chairman" |
| AppLovin Corporation | 3 Jun 2026 | Stockholder proposal regarding disclosure of voting results by class of shares |
| Charter Communications, Inc. | 21 Apr 2026 | Stockholder proposal regarding political expenditures report. |
| United Airlines Holdings, Inc. | 19 May 2026 | Advisory vote on stockholder proposal entitled "Shareholder Right to Act by Written Consent". |
| Carvana Co. | 5 May 2026 | To vote upon one stockholder proposal, as described in the Proxy Statement. |
| Exxon Mobil Corporation | 27 May 2026 | Shareholder proposal: CORPORATE GOVERNANCE |
Shares on loan
INVESTMENT CO OF AMERICA reported 411.0 million shares on loan at record dates against 16.70 billion shares voted: 2.40% 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
1 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.
| Series | Vote records | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|---|
| INVESTMENT CO OF AMERICA | 2,222 | 3.8% | 90.9% | 28.7% |
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 0001104659-26-102940
- Every N-PX filing by this filer on EDGAR
Questions
How did INVESTMENT CO OF AMERICA vote on executive pay?
In the year to 30 June 2026 INVESTMENT CO OF AMERICA reported 132 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 120 were for (90.9%), 12 against and 0 abstentions. Counting one item per company meeting, it voted against management on 12 of the 132 say-on-pay items it marked either way.
How often does INVESTMENT CO OF AMERICA vote against management?
3.8% of the time in the year to 30 June 2026: 85 of the 2,216 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 INVESTMENT CO OF AMERICA support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 40 votes on proposals from security holders in the year to 30 June 2026 and voted for 0 of them (0.0%). Across every category it voted for 30.4% 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 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 INVESTMENT CO OF AMERICA (filer no. 51931), 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.