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At ACM RESEARCH INC.'s shareholder meeting held June 12, 2025, in the 2024-2025 proxy season, 66 asset managers reported how they voted on 5 ballot items in their SEC Form N-PX filings, covering 920 separate fund positions. On the most widely held item on that ballot — Election of Directors: Charles Pappis — ACM RESEARCH INC.'s filing reports the nominee as elected, with 99% support of the votes cast (FOR divided by FOR plus WITHHELD, because this ballot offered only for and withhold; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: ACM RESEARCH INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on June 13, 2025.
Download data (CSV): ballot items · votes by manager · column guide.
Compiled from SEC Form N-PX filings and ACM RESEARCH INC.’s Form 8-K, filed June 13, 2025 (Item 5.07 on EDGAR). Page generated November 8, 2026.
Meeting of June 12, 2025: 5 items on ACM RESEARCH INC.’s Form 8-K, filed June 13, 2025: 4 elected · 1 approved.
None.
Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided
Explore ACM RESEARCH INC. in the interactive database Compare manager voting policies
These tallies are ACM RESEARCH INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed June 13, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: David H. Wang | 120,768,854 | -- | -- | 4,378,704 | 7,280,000 | 97% | Elected | — |
| Elect Director: Haiping Dun | 122,190,994 | -- | -- | 2,956,564 | 7,280,000 | 98% | Elected | — |
| Elect Director: Tracy Liu | 116,265,577 | -- | -- | 8,881,981 | 7,280,000 | 93% | Elected | — |
| Elect Director: Charles Pappis | 123,708,684 | -- | -- | 1,438,874 | 7,280,000 | 99% | Elected | — |
| 2. The appointment of Ernst & Young Hua Ming LLP as our independent auditor for the fiscal year ending December 31, 2025 | 132,373,990 | 24,398 | 29,170 | -- | -- | 99.9% | Approved | — |
Source: ACM RESEARCH INC., Form 8-K, filed with the SEC on June 13, 2025 — read the filing on EDGAR.
Each item below shows how the 66 asset managers that disclosed a ACM RESEARCH INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.
Combines 3 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Charles Pappis
ACM RESEARCH INC.’s own tally for this item (“Elect Director: Charles Pappis”): 123,708,684 for, 1,438,874 withheld, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “Stockholders voted as follows with respect to the election of each of the nominees for director identified in the proxy statement: As a result of this vote, each of the four nominees was elected as a director to serve until the 2026 Annual Meeting of Stockholders and until his or her successor is d…”
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 4,094,829 | 0 | 0 | 0 | For |
| BlackRock | 1,668,608 | 0 | 0 | 0 | For |
| Fidelity | 1,268,664 | 0 | 0 | 0 | For |
| Invesco | 1,027,829 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 410,452 | Withhold |
| OBERWEIS FUNDS | 246,960 | 0 | 0 | 0 | For |
| PROFESSIONALLY MANAGED PORTFOLIOS | 236,265 | 0 | 0 | 0 | For |
| Goldman Sachs | 132,223 | 0 | 0 | 0 | For |
| Equitable | 128,698 | 0 | 0 | 0 | For |
| TIAA | 125,920 | 0 | 0 | 0 | For |
| American Century | 125,653 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 88,877 | 0 | 0 | 0 | For |
| State Street | 84,312 | 0 | 0 | 0 | For |
| First Trust | 83,354 | 0 | 0 | 0 | For |
| Janus Detroit Street Trust | 83,023 | 0 | 0 | 0 | For |
| MATTHEWS INTERNATIONAL FUNDS | 81,817 | 0 | 0 | 0 | For |
| SEI | 78,602 | 0 | 0 | 0 | For |
| Northern Trust | 0 | 0 | 0 | 75,611 | Withhold |
| Russell Investments | 75,498 | 0 | 0 | 0 | For |
| WisdomTree | 71,512 | 0 | 0 | 0 | For |
| Lincoln Financial | 65,828 | 0 | 0 | 0 | For |
| Transamerica | 64,900 | 0 | 0 | 0 | For |
| HUSSMAN INVESTMENT TRUST | 63,000 | 0 | 0 | 0 | For |
| Dodge & Cox | 59,992 | 0 | 0 | 0 | For |
| Nationwide | 45,590 | 0 | 0 | 0 | For |
Fund voting reports, all 64 managers: 10,440,502 for, 500,993 withheld. Showing the 25 largest; every one is in the interactive database (link above).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Yiheng Capital Management, L.P. | 153,231 | 0 | 0 | 0 | For |
| Jackson Creek Investment Advisors LLC | 2,203 | 0 | 0 | 0 | For |
Institutional-manager reports, all 2 managers: 155,434 for.
Combines 2 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: David H. Wang
ACM RESEARCH INC.’s own tally for this item (“Elect Director: David H. Wang”): 120,768,854 for, 4,378,704 withheld, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “Stockholders voted as follows with respect to the election of each of the nominees for director identified in the proxy statement: As a result of this vote, each of the four nominees was elected as a director to serve until the 2026 Annual Meeting of Stockholders and until his or her successor is d…”
Support: 97% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 4,094,829 | 0 | 0 | 0 | For |
| BlackRock | 1,668,608 | 0 | 0 | 0 | For |
| Fidelity | 1,268,264 | 0 | 0 | 400 | For |
| Invesco | 1,027,829 | 0 | 0 | 0 | For |
| Charles Schwab | 410,452 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 0 | 0 | 0 | 246,960 | Withhold |
| PROFESSIONALLY MANAGED PORTFOLIOS | 0 | 0 | 0 | 236,265 | Withhold |
| Goldman Sachs | 132,223 | 0 | 0 | 0 | For |
| Equitable | 128,698 | 0 | 0 | 0 | For |
| TIAA | 0 | 0 | 0 | 125,920 | Withhold |
| American Century | 0 | 0 | 0 | 125,653 | Withhold |
| QUANTITATIVE MASTER SERIES LLC | 88,877 | 0 | 0 | 0 | For |
| State Street | 84,065 | 0 | 0 | 247 | For |
| First Trust | 0 | 0 | 0 | 83,354 | Withhold |
| Janus Detroit Street Trust | 0 | 0 | 0 | 83,023 | Withhold |
| MATTHEWS INTERNATIONAL FUNDS | 0 | 0 | 0 | 81,817 | Withhold |
| SEI | 78,602 | 0 | 0 | 0 | For |
| Northern Trust | 75,611 | 0 | 0 | 0 | For |
| Russell Investments | 75,498 | 0 | 0 | 0 | For |
| WisdomTree | 0 | 0 | 0 | 71,512 | Withhold |
| Lincoln Financial | 38,100 | 0 | 0 | 27,728 | Mixed |
| Transamerica | 0 | 0 | 0 | 64,900 | Withhold |
| HUSSMAN INVESTMENT TRUST | 63,000 | 0 | 0 | 0 | For |
| Dodge & Cox | 59,992 | 0 | 0 | 0 | For |
| Nationwide | 32,290 | 0 | 0 | 13,300 | Mixed |
Fund voting reports, all 64 managers: 9,572,168 for, 1,369,327 withheld. Showing the 25 largest; every one is in the interactive database (link above).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Yiheng Capital Management, L.P. | 153,231 | 0 | 0 | 0 | For |
| Jackson Creek Investment Advisors LLC | 2,203 | 0 | 0 | 0 | For |
Institutional-manager reports, all 2 managers: 155,434 for.
Combines 2 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Haiping Dun
ACM RESEARCH INC.’s own tally for this item (“Elect Director: Haiping Dun”): 122,190,994 for, 2,956,564 withheld, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “Stockholders voted as follows with respect to the election of each of the nominees for director identified in the proxy statement: As a result of this vote, each of the four nominees was elected as a director to serve until the 2026 Annual Meeting of Stockholders and until his or her successor is d…”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 4,094,829 | 0 | 0 | 0 | For |
| BlackRock | 1,668,608 | 0 | 0 | 0 | For |
| Fidelity | 1,268,664 | 0 | 0 | 0 | For |
| Invesco | 1,027,829 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 410,452 | Withhold |
| OBERWEIS FUNDS | 246,960 | 0 | 0 | 0 | For |
| PROFESSIONALLY MANAGED PORTFOLIOS | 236,265 | 0 | 0 | 0 | For |
| Goldman Sachs | 132,223 | 0 | 0 | 0 | For |
| Equitable | 81,658 | 0 | 0 | 47,040 | Mixed |
| TIAA | 125,920 | 0 | 0 | 0 | For |
| American Century | 125,653 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 88,877 | 0 | 0 | 0 | For |
| State Street | 530 | 0 | 0 | 83,782 | Withhold |
| First Trust | 83,354 | 0 | 0 | 0 | For |
| Janus Detroit Street Trust | 83,023 | 0 | 0 | 0 | For |
| MATTHEWS INTERNATIONAL FUNDS | 81,817 | 0 | 0 | 0 | For |
| SEI | 0 | 0 | 0 | 78,602 | Withhold |
| Northern Trust | 75,611 | 0 | 0 | 0 | For |
| Russell Investments | 0 | 0 | 0 | 75,498 | Withhold |
| WisdomTree | 71,512 | 0 | 0 | 0 | For |
| Lincoln Financial | 27,728 | 0 | 0 | 38,100 | Mixed |
| Transamerica | 64,900 | 0 | 0 | 0 | For |
| HUSSMAN INVESTMENT TRUST | 63,000 | 0 | 0 | 0 | For |
| Dodge & Cox | 59,992 | 0 | 0 | 0 | For |
| Nationwide | 43,551 | 0 | 0 | 2,039 | For |
Fund voting reports, all 64 managers: 10,103,501 for, 837,994 withheld. Showing the 25 largest; every one is in the interactive database (link above).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Yiheng Capital Management, L.P. | 153,231 | 0 | 0 | 0 | For |
| Jackson Creek Investment Advisors LLC | 2,203 | 0 | 0 | 0 | For |
Institutional-manager reports, all 2 managers: 155,434 for.
Combines 2 wordings of this item as funds reported it.
93% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Tracy Liu
ACM RESEARCH INC.’s own tally for this item (“Elect Director: Tracy Liu”): 116,265,577 for, 8,881,981 withheld, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “Stockholders voted as follows with respect to the election of each of the nominees for director identified in the proxy statement: As a result of this vote, each of the four nominees was elected as a director to serve until the 2026 Annual Meeting of Stockholders and until his or her successor is d…”
Support: 93% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 4,094,829 | 0 | 0 | 0 | For |
| BlackRock | 1,668,608 | 0 | 0 | 0 | For |
| Fidelity | 330,172 | 0 | 0 | 938,492 | Mixed |
| Invesco | 1,027,829 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 410,452 | Withhold |
| OBERWEIS FUNDS | 0 | 0 | 0 | 246,960 | Withhold |
| PROFESSIONALLY MANAGED PORTFOLIOS | 0 | 0 | 0 | 236,265 | Withhold |
| Goldman Sachs | 0 | 0 | 0 | 132,223 | Withhold |
| Equitable | 81,658 | 0 | 0 | 47,040 | Mixed |
| TIAA | 0 | 0 | 0 | 125,920 | Withhold |
| American Century | 0 | 0 | 0 | 125,653 | Withhold |
| QUANTITATIVE MASTER SERIES LLC | 88,877 | 0 | 0 | 0 | For |
| State Street | 84,065 | 0 | 0 | 247 | For |
| First Trust | 0 | 0 | 0 | 83,354 | Withhold |
| Janus Detroit Street Trust | 0 | 0 | 0 | 83,023 | Withhold |
| MATTHEWS INTERNATIONAL FUNDS | 0 | 0 | 0 | 81,817 | Withhold |
| SEI | 0 | 0 | 0 | 78,602 | Withhold |
| Northern Trust | 75,611 | 0 | 0 | 0 | For |
| Russell Investments | 0 | 0 | 0 | 75,498 | Withhold |
| WisdomTree | 0 | 0 | 0 | 71,512 | Withhold |
| Lincoln Financial | 38,100 | 0 | 0 | 27,728 | Mixed |
| Transamerica | 0 | 0 | 0 | 64,900 | Withhold |
| HUSSMAN INVESTMENT TRUST | 63,000 | 0 | 0 | 0 | For |
| Dodge & Cox | 59,992 | 0 | 0 | 0 | For |
| Nationwide | 13,574 | 0 | 0 | 32,016 | Mixed |
Fund voting reports, all 64 managers: 7,743,128 for, 3,198,367 withheld. Showing the 25 largest; every one is in the interactive database (link above).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Yiheng Capital Management, L.P. | 153,231 | 0 | 0 | 0 | For |
| Jackson Creek Investment Advisors LLC | 2,203 | 0 | 0 | 0 | For |
Institutional-manager reports, all 2 managers: 155,434 for.
99.9% Approved · of votes cast
Description as filed by funds: Ratification of appointment of Ernst & Young Hua Ming LLP as independent auditor for year 2025.
ACM RESEARCH INC.’s own tally for this item (“2. The appointment of Ernst & Young Hua Ming LLP as our independent auditor for the fiscal year ending December 31, 2025 by the following vote”): 132,373,990 for, 24,398 against — passed, per its Form 8-K filed June 13, 2025 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “Stockholders ratified the appointment of Ernst & Young Hua Ming LLP as our independent auditor for the fiscal year ending December 31, 2025 by the following vote:”
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 4,094,829 | 0 | 0 | 0 | For |
| BlackRock | 1,668,608 | 0 | 0 | 0 | For |
| Fidelity | 1,268,664 | 0 | 0 | 0 | For |
| Invesco | 1,027,829 | 0 | 0 | 0 | For |
| Charles Schwab | 410,452 | 0 | 0 | 0 | For |
| OBERWEIS FUNDS | 246,960 | 0 | 0 | 0 | For |
| PROFESSIONALLY MANAGED PORTFOLIOS | 236,265 | 0 | 0 | 0 | For |
| Goldman Sachs | 132,223 | 0 | 0 | 0 | For |
| Equitable | 128,698 | 0 | 0 | 0 | For |
| TIAA | 125,920 | 0 | 0 | 0 | For |
| American Century | 125,653 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 88,877 | 0 | 0 | 0 | For |
| State Street | 84,312 | 0 | 0 | 0 | For |
| First Trust | 83,354 | 0 | 0 | 0 | For |
| Janus Detroit Street Trust | 83,023 | 0 | 0 | 0 | For |
| MATTHEWS INTERNATIONAL FUNDS | 81,817 | 0 | 0 | 0 | For |
| SEI | 78,602 | 0 | 0 | 0 | For |
| Northern Trust | 75,611 | 0 | 0 | 0 | For |
| Russell Investments | 75,498 | 0 | 0 | 0 | For |
| WisdomTree | 71,512 | 0 | 0 | 0 | For |
| Lincoln Financial | 65,828 | 0 | 0 | 0 | For |
| Transamerica | 64,900 | 0 | 0 | 0 | For |
| HUSSMAN INVESTMENT TRUST | 63,000 | 0 | 0 | 0 | For |
| Dodge & Cox | 59,992 | 0 | 0 | 0 | For |
| Nationwide | 45,590 | 0 | 0 | 0 | For |
Fund voting reports, all 64 managers: 10,937,685 for, 3,810 abstained. Showing the 25 largest; every one is in the interactive database (link above).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Yiheng Capital Management, L.P. | 153,231 | 0 | 0 | 0 | For |
| Jackson Creek Investment Advisors LLC | 2,203 | 0 | 0 | 0 | For |
Institutional-manager reports, all 2 managers: 155,434 for.
Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 63,267,834 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 6.47% |
| 2 | BlackRock | 2.64% |
| 3 | Fidelity | 2.01% |
| 4 | Invesco | 1.62% |
| 5 | Charles Schwab | 0.65% |
| 6 | OBERWEIS FUNDS | 0.39% |
| 7 | PROFESSIONALLY MANAGED PORTFOLIOS | 0.37% |
| 8 | Goldman Sachs | 0.21% |
| 9 | Equitable | 0.20% |
| 10 | TIAA | 0.20% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Yiheng Capital Management, L.P. | 0.24% |
| 2 | Jackson Creek Investment Advisors LLC | <0.01% |
As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.
| Holder | % outstanding | Disclosure |
|---|---|---|
| David H. Wang | 12.61% | DEF14A |
| BlackRock | 6.66% | 13F |
| Vanguard Group | 6.41% | 13F |
| Shanghai Pudong Innotek Capital Co., Ltd. | 5.31% | DEF14A |
| Haiping Dun | 2.12% | DEF14A |
| Invesco | 2.12% | 13F |
| State Street | 1.96% | 13F |
| Geode Capital | 1.92% | 13F |
| Point72 | 1.55% | 13F |
| Citadel Advisors | 1.51% | 13F |
Percentages above are of 63,267,834 shares outstanding, as reported by ACM RESEARCH INC. on its Form 10-Q dated March 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from ACM RESEARCH INC.’s 10-Q dated March 31, 2025. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.
ACM RESEARCH INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.
proxyvotesnow.com, “ACM RESEARCH (ACMR) 2025 Annual Meeting: Shareholder Vote Results”, https://proxyvotesnow.com/company/acm-research-inc/2025 (version of November 8, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.