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FRANKLIN MANAGED TRUST
fund voting report, part of Franklin Templeton
- Vote records reported
- 811year to 30 June 2026
- Against management
- 5.3%43 of 811 marked votes
- Say-on-pay support
- 98.2%for, of for + against + abstain
- Shareholder-proposal support
- 31.6%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 2026, FRANKLIN MANAGED TRUST listed 811 vote records. Votes against management made up 5.3% of those marked either way (43 of 811); the median fund registrant stood at 6.2%.
Weighted by the number of shares voted, the against-management share is 6.4%. 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 98.2% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 31.6% 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 (58.1% of 31), DIRECTOR ELECTIONS (3.5% of 597) and SECTION 14A SAY-ON-PAY VOTES (1.7% of 58).
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 | 5.3% | 6.2% | 10.6% |
| Say-on-pay support rate | 98.2% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 31.6% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 0.00% | 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 | 597 | 576 | 19 | 3.5% | |
| SECTION 14A SAY-ON-PAY VOTES | 58 | 56 | 1 | 1.7% | |
| AUDIT-RELATED | 62 | 62 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 3 | 3 | 0 | 33.3% | |
| EXTRAORDINARY TRANSACTIONS | 2 | 1 | 1 | 0.0% | |
| CAPITAL STRUCTURE | 14 | 14 | 0 | 0.0% | |
| COMPENSATION | 13 | 13 | 0 | 0.0% | |
| CORPORATE GOVERNANCE | 31 | 20 | 11 | 58.1% | |
| ENVIRONMENT OR CLIMATE | 12 | 1 | 11 | 8.3% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 7 | 0 | 7 | 0.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 5 | 0 | 5 | 0.0% | |
| OTHER SOCIAL ISSUES | 19 | 1 | 18 | 5.3% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 810 | 2.6% | 98.0% | 18.7% | |
| year to 30 June 2025 | 834 | 5.1% | 91.2% | 29.6% | |
| year to 30 June 2026 | 811 | 5.3% | 98.2% | 31.6% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, FRANKLIN MANAGED TRUST voted against management on 1 of the 57 it marked either way (1.8%) in the year to 30 June 2026.
- Broadcom Inc. 20 Apr 2026
Shareholder proposals it supported
Of 57 proposals from security holders that could be told apart in the filings and on which it cast a vote, FRANKLIN MANAGED TRUST voted for 18 (31.6%). 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 Al Data Usage Oversight |
| Johnson & Johnson | 23 Apr 2026 | Independent Board Chair |
| 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 |
| Walmart Inc. | 4 Jun 2026 | Shareholder proposal: SHAREHOLDER RIGHTS AND DEFENSES |
| PEPSICO, INC. | 6 May 2026 | Shareholder Proposal - Independent Board Chair. |
| 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. |
| NextEra Energy, Inc. | 21 May 2026 | Report on Plans to Reduce and Align GHG Emissions with Paris Agreement Goals |
| Texas Instruments Incorporated | 16 Apr 2026 | Stockholder proposal to permit stockholders to act by written consent. |
| Morgan Stanley | 14 May 2026 | Shareholder proposal requesting an independent Board Chairman |
| Lowe's Companies, Inc. | 29 May 2026 | Shareholder Proposal requesting an independent board chairman. |
| S&P Global Inc. | 20 May 2026 | Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder... |
| Analog Devices, Inc. | 11 Mar 2026 | To consider a shareholder proposal |
| Ecolab Inc. | 7 May 2026 | Vote on a stockholder proposal regarding an independent board chair policy |
| The Sherwin-Williams Company | 22 Apr 2026 | Shareholder Proposal Regarding Shareholder Ability to Call a Special Meeting |
| Cintas Corporation | 28 Oct 2025 | A shareholder proposal regarding support for shareholder ability to call for a special shareholder meeting. |
| West Pharmaceutical Services, Inc. | 4 May 2026 | Shareholder proposal regarding an independent Board Chair policy. |
Shares on loan
FRANKLIN MANAGED TRUST reported no shares on loan for the year to 30 June 2026. 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 |
|---|---|---|---|---|
| Franklin Rising Dividends Fund | 811 | 5.3% | 98.2% | 31.6% |
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 21 Aug 2026 accession 0001193125-26-360510
- Every N-PX filing by this filer on EDGAR
Questions
How did FRANKLIN MANAGED TRUST vote on executive pay?
In the year to 30 June 2026 FRANKLIN MANAGED TRUST reported 57 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 56 were for (98.2%), 1 against and 0 abstentions. Counting one item per company meeting, it voted against management on 1 of the 57 say-on-pay items it marked either way.
How often does FRANKLIN MANAGED TRUST vote against management?
5.3% of the time in the year to 30 June 2026: 43 of the 811 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 FRANKLIN MANAGED TRUST support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 12 votes on proposals from security holders in the year to 30 June 2026 and voted for 1 of them (8.3%). Across every category it voted for 31.6% 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 FRANKLIN MANAGED TRUST (filer no. 805650), 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.