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Form N-PX · fund registrantSEC filer no. 5506

AMERICAN MUTUAL FUND

fund voting report, part of Capital Group and American Funds

Vote records reported
2,203year to 30 June 2026
Against management
3.3%73 of 2,202 marked votes
Say-on-pay support
91.9%for, of for + against + abstain
Shareholder-proposal support
25.0%for, of for + against + abstain
93.1% for6.6% against0.3% other3.3% against management2,203 votes

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

In its Form N-PX for the year to 30 June 2026, AMERICAN MUTUAL FUND listed 2,203 vote records. Votes against management made up 3.3% of those marked either way (73 of 2,202); the median fund registrant stood at 6.2%.

Weighted by the number of shares voted, the against-management share is 3.2%. 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 91.9% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 25.0% 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 (26.9% of 134), DIVERSITY, EQUITY, AND INCLUSION (12.5% of 24) and CAPITAL STRUCTURE (12.1% of 33).

It reported 224.2 million shares out on loan at record dates, 1.87% 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 share3.3%6.2%10.6%
Say-on-pay support rate91.9%91.6%86.0%
Shareholder-proposal support rate25.0%27.5%33.9%
Shares on loan, share of shares held1.87%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%

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 ELECTIONS1,5861,573110.8%
SECTION 14A SAY-ON-PAY VOTES1401251110.0%
AUDIT-RELATED14514500.0%
SHAREHOLDER RIGHTS AND DEFENSES97222.2%
EXTRAORDINARY TRANSACTIONS54120.0%
CAPITAL STRUCTURE3331212.1%
COMPENSATION837853.6%
CORPORATE GOVERNANCE135963926.9%
ENVIRONMENT OR CLIMATE412390.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE1841411.1%
DIVERSITY, EQUITY, AND INCLUSION2451912.5%
OTHER SOCIAL ISSUES584540.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20242,6613.1%90.6%12.5%
year to 30 June 20252,5491.9%94.3%12.3%
year to 30 June 20262,2033.3%91.9%25.0%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, AMERICAN MUTUAL FUND voted against management on 11 of the 134 it marked either way (8.2%) in the year to 30 June 2026.

Shareholder proposals it supported

Of 150 proposals from security holders that could be told apart in the filings and on which it cast a vote, AMERICAN MUTUAL FUND voted for 37 (24.7%). 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 equal shareholder voting
Visa Inc.27 Jan 2026Shareholder proposal on shareholder right to act by written consent.
Mastercard Incorporated16 Jun 2026Consideration of a stockholder proposal regarding shareholder right to act by written consent
Eli Lilly and Company4 May 2026Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair.
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
The Home Depot, Inc.21 May 2026Shareholder Proposal Regarding Independent Board Chair
Berkshire Hathaway Inc.2 May 2026Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework...
UnitedHealth Group Incorporated1 Jun 2026If properly presented at the 2026 Annual Meeting of Shareholders, the shareholder proposal requesting the...
PEPSICO, INC.6 May 2026Shareholder Proposal - Independent Board Chair.
McDonald's Corporation20 May 2026Advisory Vote to Adopt Policy for an Independent Chair.
McDonald's Corporation20 May 2026Advisory Vote on Shareholders' Right to Act by Written Consent.
International Business Machines Corporation28 Apr 2026Stockholder Proposal Requesting a Right to Act by Written Consent
CATERPILLAR INC.10 Jun 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
AT&T INC.14 May 2026EEO-1 Report Disclosure Policy
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.
ConocoPhillips12 May 2026Stockholder Proposal - Independent Board Chairman.
HONEYWELL INTERNATIONAL INC.22 May 2026Shareowner Proposal - Shareholder Right to Act by Written Consent.
Comcast Corporation10 Jun 2026Adopt policy to have an independent chair
Gilead Sciences, Inc.30 Apr 2026To vote on a stockholder proposal requesting an independent Board Chair policy
Starbucks Corporation25 Mar 2026Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority...
LOCKHEED MARTIN CORPORATION12 May 2026Stockholder Proposal Requiring Independent Board Chairman
Analog Devices, Inc.11 Mar 2026To consider a shareholder proposal
CVS Health Corporation14 May 2026Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent.
Mondelez International, Inc.20 May 2026Shareholder proposal requesting adoption of an independent board chairman policy
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding annual vote regarding executive pay.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding disclosure of voting results by share class.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding dual class capital structure.
The Cigna Group22 Apr 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
Corning Incorporated30 Apr 2026Request to adopt an independent chair policy
Ecolab Inc.7 May 2026Vote on a stockholder proposal regarding an independent board chair policy
The Sherwin-Williams Company22 Apr 2026Shareholder Proposal Regarding Shareholder Ability to Call a Special Meeting
Cognizant Technology Solutions Corporation2 Jun 2026Shareholder proposal to adopt shareholder right to act by written consent
Humana Inc.16 Apr 2026The stockholder proposal requesting shareholder approval requirement for excessive golden parachutes
Exxon Mobil Corporation27 May 2026Shareholder proposal: CORPORATE GOVERNANCE
Exxon Mobil Corporation27 May 2026Proposal requesting Company to modify its Voluntary Retail Voting Program to provide multiple options not...

Shares on loan

AMERICAN MUTUAL FUND reported 224.2 million shares on loan at record dates against 11.77 billion shares voted: 1.87% 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.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
AMERICAN MUTUAL FUND2,2033.3%91.9%25.0%

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 AMERICAN MUTUAL FUND vote on executive pay?

In the year to 30 June 2026 AMERICAN MUTUAL FUND reported 136 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 125 were for (91.9%), 11 against and 0 abstentions. Counting one item per company meeting, it voted against management on 11 of the 134 say-on-pay items it marked either way.

How often does AMERICAN MUTUAL FUND vote against management?

3.3% of the time in the year to 30 June 2026: 73 of the 2,202 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 AMERICAN MUTUAL FUND support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 39 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 25.0% 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 AMERICAN MUTUAL FUND (filer no. 5506), 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.