Home / Franklin Templeton / FRANKLIN VALUE INVESTORS TRUST
FRANKLIN VALUE INVESTORS TRUST
fund voting report, part of Franklin Templeton
- Vote records reported
- 2,684year to 30 June 2026
- Against management
- 8.1%217 of 2,663 marked votes
- Say-on-pay support
- 93.8%for, of for + against + abstain
- Shareholder-proposal support
- 67.3%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 VALUE INVESTORS TRUST listed 2,684 vote records. Votes against management made up 8.1% of those marked either way (217 of 2,663); the median fund registrant stood at 6.2%.
Weighted by the number of shares voted, the against-management share is 7.2%. 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 93.8% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 67.3% 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 (23.4% of 145), COMPENSATION (8.7% of 92) and DIRECTOR ELECTIONS (8.7% of 1,814).
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 | 8.1% | 6.2% | 10.6% |
| Say-on-pay support rate | 93.8% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 67.3% | 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 | 1,816 | 1,657 | 85 | 8.7% | |
| SECTION 14A SAY-ON-PAY VOTES | 209 | 182 | 12 | 6.2% | |
| AUDIT-RELATED | 248 | 248 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 8 | 7 | 1 | 33.3% | |
| EXTRAORDINARY TRANSACTIONS | 24 | 23 | 1 | 4.2% | |
| CAPITAL STRUCTURE | 126 | 126 | 0 | 0.8% | |
| COMPENSATION | 92 | 83 | 9 | 8.7% | |
| CORPORATE GOVERNANCE | 145 | 132 | 13 | 23.4% | |
| ENVIRONMENT OR CLIMATE | 5 | 1 | 4 | 0.0% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 3 | 3 | 0 | 66.7% | |
| DIVERSITY, EQUITY, AND INCLUSION | 4 | 1 | 3 | 0.0% | |
| OTHER SOCIAL ISSUES | 16 | 9 | 7 | 0.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 2,301 | 7.0% | 94.4% | 50.0% | |
| year to 30 June 2025 | 2,395 | 7.5% | 94.6% | 46.9% | |
| year to 30 June 2026 | 2,684 | 8.1% | 93.8% | 67.3% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, FRANKLIN VALUE INVESTORS TRUST voted against management on 9 of the 130 it marked either way (6.9%) in the year to 30 June 2026.
- Fiserv, Inc. 21 May 2026
- Apollo Global Management, Inc. 8 Jun 2026
- The Estee Lauder Companies Inc. 13 Nov 2025
- Corpay, Inc. 7 May 2026
- Fortune Brands Innovations, Inc. 5 May 2026
- Wyndham Hotels & Resorts, Inc. 14 May 2026
- Louisiana-Pacific Corporation 1 May 2026
- M/I Homes, Inc. 13 May 2026
- Ryerson Holding Corporation 30 Apr 2026
Shareholder proposals it supported
Of 33 proposals from security holders that could be told apart in the filings and on which it cast a vote, FRANKLIN VALUE INVESTORS TRUST voted for 22 (66.7%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| Colgate-Palmolive Company | 8 May 2026 | Stockholder proposal entitled "Independent Board Chairman." |
| Fiserv, Inc. | 21 May 2026 | Shareholder proposal requesting an independent board chair policy. |
| eBay Inc. | 17 Jun 2026 | Special stockholder meeting threshold |
| CBRE Group, Inc. | 21 May 2026 | Stockholder proposal regarding our stockholders' ability to call special stockholder meetings. |
| The Hartford Insurance Group, Inc. | 20 May 2026 | Shareholder proposal that the Company adopt written consent rights for shareholders |
| Dollar General Corporation | 28 May 2026 | To vote on a shareholder proposal asking the Board to take the steps necessary to reduce the minimum... |
| Dollar General Corporation | 28 May 2026 | To vote on a shareholder proposal asking the Board to report on the feasibility of adopting a... |
| Zimmer Biomet Holdings, Inc. | 22 May 2026 | Shareholder Proposal on Independent Board Chairman. |
| Dover Corporation | 8 May 2026 | To consider a shareholder proposal requesting an independent board chair. |
| PPG Industries, Inc. | 16 Apr 2026 | Shareholder proposal to adopt a policy requiring an independent board chair |
| Avery Dennison Corporation | 30 Apr 2026 | Require Independent Board Chair |
| Corpay, Inc. | 7 May 2026 | Shareholder proposal regarding an independent Board Chair requirement |
| Fortune Brands Innovations, Inc. | 5 May 2026 | Advisory vote to approve named executive officer compensation |
| Henry Schein, Inc. | 21 May 2026 | Proposal to approve, by non-binding vote, a shareholder proposal to Govern by Majority Vote. |
| MKS Instruments, Inc. | 11 May 2026 | A shareholder proposal to reduce the threshold percentage of shareholders required to call a special... |
| Oshkosh Corporation | 5 May 2026 | Shareholder proposal: CORPORATE GOVERNANCE |
| Resideo Technologies, Inc. | 3 Jun 2026 | Shareholder Proposal Regarding Shareholder Right to Act by Written Consent. |
| Wyndham Hotels & Resorts, Inc. | 14 May 2026 | To vote on a stockholder proposal, if properly presented at the meeting, regarding stockholder ability to... |
| Mohawk Industries, Inc. | 21 May 2026 | Stockholder proposal regarding a majority vote standard. |
| Bio-Rad Laboratories, Inc. | 21 Apr 2026 | Stockholder proposal regarding dual class capital structure. |
| Meritage Homes Corporation | 21 May 2026 | Shareholder proposal to improve shareholder ability to call for a special shareholder meeting. |
| Group 1 Automotive, Inc. | 12 May 2026 | Shareholder Proposal: Give Shareholders an Ability to Call for a Special Shareholder Meeting. |
Shares on loan
FRANKLIN VALUE INVESTORS 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
3 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 Small Cap Value Fund | 943 | 9.3% | 92.6% | 87.5% |
| Franklin Mutual Small-Mid Cap Value Fund | 913 | 8.1% | 95.5% | 65.0% |
| Franklin Mutual U.S. Mid Cap Value Fund | 828 | 6.9% | 94.7% | 61.9% |
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 0001193125-26-360699
- Every N-PX filing by this filer on EDGAR
Questions
How did FRANKLIN VALUE INVESTORS TRUST vote on executive pay?
In the year to 30 June 2026 FRANKLIN VALUE INVESTORS TRUST reported 194 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 182 were for (93.8%), 12 against and 0 abstentions. Counting one item per company meeting, it voted against management on 9 of the 130 say-on-pay items it marked either way.
How often does FRANKLIN VALUE INVESTORS TRUST vote against management?
8.1% of the time in the year to 30 June 2026: 217 of the 2,663 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 VALUE INVESTORS TRUST support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 4 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 67.3% 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 VALUE INVESTORS TRUST (filer no. 856119), 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.