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SIT MUTUAL FUNDS INC
fund voting report
- Vote records reported
- 7,716year to 30 June 2026
- Against management
- 6.6%508 of 7,699 marked votes
- Say-on-pay support
- 89.0%for, of for + against + abstain
- Shareholder-proposal support
- 35.4%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
SIT MUTUAL FUNDS INC reported 7,716 vote records for the year to 30 June 2026. It marked 6.6% of its votes as cast against management (508 of 7,699), close to the median fund registrant, which was 6.2%.
Weighted by the number of shares voted, the against-management share is 5.7%. 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 89.0% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 35.4% 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 (46.7% of 30), OTHER SOCIAL ISSUES (24.1% of 187) and HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (22.0% of 41).
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 | 6.6% | 6.2% | 10.6% |
| Say-on-pay support rate | 89.0% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 35.4% | 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 | 4,540 | 4,358 | 111 | 4.0% | |
| SECTION 14A SAY-ON-PAY VOTES | 395 | 339 | 42 | 10.6% | |
| AUDIT-RELATED | 582 | 569 | 13 | 2.2% | |
| INVESTMENT COMPANY MATTERS | 4 | 3 | 1 | 25.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 30 | 21 | 9 | 46.7% | |
| EXTRAORDINARY TRANSACTIONS | 29 | 27 | 2 | 6.9% | |
| CAPITAL STRUCTURE | 485 | 471 | 14 | 4.1% | |
| COMPENSATION | 501 | 422 | 79 | 15.2% | |
| CORPORATE GOVERNANCE | 1,075 | 967 | 107 | 10.3% | |
| ENVIRONMENT OR CLIMATE | 115 | 28 | 87 | 6.1% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 41 | 29 | 12 | 22.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 60 | 20 | 40 | 0.0% | |
| OTHER SOCIAL ISSUES | 187 | 50 | 137 | 24.1% | |
| OTHER | 37 | 7 | 30 | 8.6% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 8,451 | 6.7% | 91.1% | 39.3% | |
| year to 30 June 2025 | 7,960 | 5.4% | 90.8% | 32.9% | |
| year to 30 June 2026 | 7,716 | 6.6% | 89.0% | 35.4% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, SIT MUTUAL FUNDS INC voted against management on 20 of the 216 it marked either way (9.3%) in the year to 30 June 2026.
- Alphabet Inc. 5 Jun 2026
- Broadcom Inc. 20 Apr 2026
- Oracle Corporation 18 Nov 2025
- Thermo Fisher Scientific Inc. 20 May 2026
- The Goldman Sachs Group, Inc. 29 Apr 2026
- Citigroup Inc. 20 May 2026
- Palo Alto Networks, Inc. 9 Dec 2025
- Arista Networks, Inc. 29 May 2026
- FedEx Corporation 29 Sep 2025
- The Bank of New York Mellon Corporation 14 Apr 2026
- MP Materials Corp. 9 Jun 2026
- Bio-Techne Corporation 30 Oct 2025
- The Carlyle Group Inc. 3 Jun 2026
- Exact Sciences Corporation 20 Feb 2026
- Trex Company, Inc. 28 Apr 2026
- TG Therapeutics, Inc. 11 Jun 2026
- IMAX Corporation 10 Jun 2026
- PROCEPT BioRobotics Corporation 9 Jun 2026
- ARS Pharmaceuticals, Inc. 24 Jun 2026
- Butterfly Network, Inc. 18 Jun 2026
Shareholder proposals it supported
Of 154 proposals from security holders that could be told apart in the filings and on which it cast a vote, SIT MUTUAL FUNDS INC voted for 53 (34.4%). 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 |
|---|---|---|
| Microsoft Corporation | 5 Dec 2025 | Report on Human Rights Due Diligence |
| Microsoft Corporation | 5 Dec 2025 | Report on Data Operations in Human Rights Hotspots |
| 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 a report on AI data usage oversight |
| 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. |
| JPMorgan Chase & Co. | 19 May 2026 | Independent board chairman |
| 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," |
| Bank of America Corporation | 4 May 2026 | Shareholder proposal requesting independent board 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 |
| International Business Machines Corporation | 28 Apr 2026 | Stockholder Proposal Requesting a Right to Act by Written Consent |
| ServiceNow, Inc. | 21 May 2026 | Shareholder proposal regarding shareholder right to act by written consent. |
| ConocoPhillips | 12 May 2026 | Stockholder Proposal - Independent Board Chairman. |
| The Goldman Sachs Group, Inc. | 29 Apr 2026 | Shareholder Proposal Regarding Lobbying Disclosure |
| The Goldman Sachs Group, Inc. | 29 Apr 2026 | Shareholder Proposal Regarding Special Shareholder Meeting Thresholds |
| Morgan Stanley | 14 May 2026 | Shareholder proposal requesting an independent Board Chairman |
| HONEYWELL INTERNATIONAL INC. | 22 May 2026 | Shareowner Proposal - Shareholder Right to Act by Written Consent. |
| S&P Global Inc. | 20 May 2026 | Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder... |
| Starbucks Corporation | 25 Mar 2026 | Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority... |
| Starbucks Corporation | 25 Mar 2026 | Shareholder proposal requesting adoption of an independent board chair policy |
| LOCKHEED MARTIN CORPORATION | 12 May 2026 | Stockholder Proposal Requiring Independent Board Chairman |
| Micron Technology, Inc. | 15 Jan 2026 | Reduce Ownership Threshold for Shareholders to Call Special Meeting |
| Palo Alto Networks, Inc. | 9 Dec 2025 | To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding... |
| Boston Scientific Corporation | 30 Apr 2026 | Stockholder proposal titled "Give Shareholders the Ability to Call for a Special Shareholder Meeting." |
| 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. |
| Ecolab Inc. | 7 May 2026 | Vote on a stockholder proposal regarding an independent board chair policy |
| FedEx Corporation | 29 Sep 2025 | Stockholder proposal regarding independent board chairman. |
| The Sherwin-Williams Company | 22 Apr 2026 | Shareholder Proposal Regarding Shareholder Ability to Call a Special Meeting |
| L3Harris Technologies, Inc. | 11 May 2026 | Shareholder Proposal titled "Improve Shareholder Ability to Call for a Special Shareholder Meeting". |
| Otis Worldwide Corporation | 27 May 2026 | Shareholder proposal regarding reporting on political contributions and expenditures |
| Synopsys, Inc. | 16 Apr 2026 | To vote on a stockholder proposal regarding 'stockholders' right to act by written consent |
| Autodesk, Inc. | 17 Jun 2026 | Stockholder proposal requesting amendment to stockholder special meeting right. |
| WEC Energy Group, Inc. | 7 May 2026 | Stockholder proposal to govern by majority vote |
| eBay Inc. | 17 Jun 2026 | Special stockholder meeting threshold |
| Avery Dennison Corporation | 30 Apr 2026 | Require Independent Board Chair |
Shares on loan
SIT MUTUAL FUNDS INC 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
8 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 |
|---|---|---|---|---|
| Sit International Growth Fund | 1,228 | 5.9% | 90.0% | 7.1% |
| Sit Dividend Growth Fund | 1,193 | 4.8% | 88.2% | 25.9% |
| Sit Global Dividend Growth Fund | 1,019 | 5.8% | 86.8% | 31.7% |
| Sit Small Cap Dividend Growth Fund | 977 | 4.7% | 94.3% | 45.5% |
| Sit ESG Growth Fund | 968 | 9.2% | 86.2% | 56.9% |
| Sit Balanced Fund | 923 | 6.3% | 88.5% | 27.5% |
| Sit Small Cap Growth Fund | 890 | 8.4% | 87.5% | 66.7% |
| Sit Developing Markets Growth Fund | 518 | 10.2% | 80.0% | 100.0% |
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.
- N-PX filed 21 Aug 2026 accession 0000877880-26-000003
- Every N-PX filing by this filer on EDGAR
Questions
How did SIT MUTUAL FUNDS INC vote on executive pay?
In the year to 30 June 2026 SIT MUTUAL FUNDS INC reported 381 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 339 were for (89.0%), 42 against and 0 abstentions. Counting one item per company meeting, it voted against management on 20 of the 216 say-on-pay items it marked either way.
How often does SIT MUTUAL FUNDS INC vote against management?
6.6% of the time in the year to 30 June 2026: 508 of the 7,699 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 SIT MUTUAL FUNDS INC support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 94 votes on proposals from security holders in the year to 30 June 2026 and voted for 7 of them (7.4%). Across every category it voted for 35.4% 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 SIT MUTUAL FUNDS INC (filer no. 877880), 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.