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At AXT INC.'s shareholder meeting held May 16, 2024, in the 2023-2024 proxy season, 84 asset managers reported how they voted on 4 ballot items in their SEC Form N-PX filings, covering 309 separate fund positions. On the most widely held item on that ballot — To approve, on an advisory basis, the compensation of our Named Executive Officers. — AXT INC.'s filing reports the proposal as approved, with 95% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: AXT INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 20, 2024.
Download data (CSV): ballot items · votes by manager · column guide.
Compiled from SEC Form N-PX filings and AXT INC.’s Form 8-K, filed May 20, 2024 (Item 5.07 on EDGAR). Page generated November 8, 2026.
Meeting of May 16, 2024: 4 items on AXT INC.’s Form 8-K, filed May 20, 2024: 3 approved · 1 without a stated outcome.
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 AXT INC. in the interactive database Compare manager voting policies
These tallies are AXT INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 20, 2024 (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: Jesse Chen | 23,080,644 | -- | -- | 3,080,165 | 7,042,413 | 88% | Not verified | — |
| 2. Advisory vote on executive compensation | 24,199,205 | 1,214,339 | 747,265 | -- | 7,042,413 | 95% | Approved | — |
| 3. Approval of an amendment to the 2015 Plan | 16,074,438 | 9,040,408 | 1,045,963 | -- | 7,042,413 | 64% | Approved | — |
| 4. Ratification of the appointment of BPM LLP ("BPM") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 | 31,630,895 | 1,539,280 | 33,047 | -- | -- | 95% | Approved | — |
Source: AXT INC., Form 8-K, filed with the SEC on May 20, 2024 — read the filing on EDGAR.
Each item below shows how the 84 asset managers that disclosed a AXT 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 4 wordings of this item as funds reported it.
88% Majority: yes · of votes cast
Description as filed by funds: To elect one (1) Class II director to hold office for a three year term and until their respective successor is elected and qualified: Jesse Chen
AXT INC.’s own tally for this item (“Elect Director: Jesse Chen”): 23,080,644 for, 3,080,165 withheld, per its Form 8-K filed May 20, 2024 (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: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 88% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 21 asset managers below reported 7,655,798 for, 384,299 withheld.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,033,149 | 0 | 0 | 0 | For |
| NEEDHAM FUNDS INC | 1,470,000 | 0 | 0 | 0 | For |
| Dimensional | 1,440,596 | 0 | 0 | 0 | For |
| Fidelity | 1,203,008 | 0 | 0 | 0 | For |
| Royce | 1,018,709 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 0 | 0 | 0 | 226,600 | Withhold |
| Transamerica | 213,400 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 0 | 0 | 157,699 | Withhold |
| BlackRock | 89,762 | 0 | 0 | 0 | For |
| Capitol Series Trust | 71,500 | 0 | 0 | 0 | For |
| FORUM FUNDS II | 28,900 | 0 | 0 | 0 | For |
| American Century | 28,164 | 0 | 0 | 0 | For |
| Charles Schwab | 15,887 | 0 | 0 | 0 | For |
| Jackson National | 12,333 | 0 | 0 | 0 | For |
| Blackstone Alternative Investment Funds | 7,100 | 0 | 0 | 0 | For |
| Equitable | 6,974 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 5,653 | 0 | 0 | 0 | For |
| John Hancock | 4,803 | 0 | 0 | 0 | For |
| Allianz | 4,478 | 0 | 0 | 0 | For |
| Lincoln Financial | 1,172 | 0 | 0 | 0 | For |
| Nationwide | 210 | 0 | 0 | 0 | For |
Combines 3 wordings of this item as funds reported it.
64% Approved · of votes cast
Description as filed by funds: To Approve An Amendment To The 2015 Equity Incentive Plan To Increase The Number Of Shares Reserved For Issuance Thereunder By 3,600,000.
AXT INC.’s own tally for this item (“3. Approval of an amendment to the 2015 Plan”): 16,074,438 for, 9,040,408 against — passed, per its Form 8-K filed May 20, 2024 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “The amendment to the 2015 Plan was approved.”
Support: 64% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 21 asset managers below reported 4,396,255 for, 2,592,568 against, 1,018,709 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,033,149 | 0 | 0 | 0 | For |
| NEEDHAM FUNDS INC | 1,470,000 | 0 | 0 | 0 | For |
| Dimensional | 0 | 1,440,596 | 0 | 0 | Against |
| Fidelity | 370,449 | 832,559 | 0 | 0 | Mixed |
| Royce | 0 | 0 | 1,018,709 | 0 | Abstain |
| BRIDGEWAY FUNDS INC | 0 | 226,600 | 0 | 0 | Against |
| Transamerica | 213,400 | 0 | 0 | 0 | For |
| EA Series Trust | 157,699 | 0 | 0 | 0 | For |
| BlackRock | 89,762 | 0 | 0 | 0 | For |
| ALGERT GLOBAL LLC | 38,935 | 0 | 0 | 0 | For |
| FORUM FUNDS II | 0 | 28,900 | 0 | 0 | Against |
| American Century | 0 | 28,164 | 0 | 0 | Against |
| Charles Schwab | 15,887 | 0 | 0 | 0 | For |
| Jackson National | 0 | 12,333 | 0 | 0 | Against |
| Blackstone Alternative Investment Funds | 0 | 7,100 | 0 | 0 | Against |
| Equitable | 6,974 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 0 | 5,653 | 0 | 0 | Against |
| John Hancock | 0 | 4,803 | 0 | 0 | Against |
| Allianz | 0 | 4,478 | 0 | 0 | Against |
| Lincoln Financial | 0 | 1,172 | 0 | 0 | Against |
| Nationwide | 0 | 210 | 0 | 0 | Against |
Combines 3 wordings of this item as funds reported it.
95% Approved · of votes cast
Description as filed by funds: To approve, on an advisory basis, the compensation of our Named Executive Officers.
AXT INC.’s own tally for this item (“2. Advisory vote on executive compensation”): 24,199,205 for, 1,214,339 against — passed, per its Form 8-K filed May 20, 2024 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “The compensation of the Company's named executive officers, as disclosed in the Proxy Statement , was approved by the stockholders on an advisory basis.”
Support: 95% 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 | 2,033,149 | 0 | 0 | 0 | For |
| NEEDHAM FUNDS INC | 1,150,000 | 320,000 | 0 | 0 | Mixed |
| Dimensional | 1,440,596 | 0 | 0 | 0 | For |
| Fidelity | 1,203,008 | 0 | 0 | 0 | For |
| Royce | 1,018,709 | 0 | 0 | 0 | For |
| RBB FUND, INC. | 0 | 0 | 394,730 | 0 | Abstain |
| BRIDGEWAY FUNDS INC | 226,600 | 0 | 0 | 0 | For |
| Transamerica | 213,400 | 0 | 0 | 0 | For |
| EA Series Trust | 157,699 | 0 | 0 | 0 | For |
| BlackRock | 89,762 | 0 | 0 | 0 | For |
| Capitol Series Trust | 71,500 | 0 | 0 | 0 | For |
| FORUM FUNDS II | 28,900 | 0 | 0 | 0 | For |
| American Century | 28,164 | 0 | 0 | 0 | For |
| Charles Schwab | 15,887 | 0 | 0 | 0 | For |
| Jackson National | 12,333 | 0 | 0 | 0 | For |
| Blackstone Alternative Investment Funds | 7,100 | 0 | 0 | 0 | For |
| Equitable | 6,974 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 5,653 | 0 | 0 | 0 | For |
| John Hancock | 4,803 | 0 | 0 | 0 | For |
| Allianz | 4,478 | 0 | 0 | 0 | For |
| Lincoln Financial | 1,172 | 0 | 0 | 0 | For |
| Nationwide | 210 | 0 | 0 | 0 | For |
Fund voting reports, all 22 managers: 7,720,097 for, 320,000 against, 394,730 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| FIRST WILSHIRE SECURITIES MANAGEMENT INC | 1,837,691 | 0 | 0 | 0 | For |
| Portolan Capital Management, LLC | 1,480,934 | 0 | 0 | 0 | For |
| Two Sigma | 955,285 | 0 | 0 | 0 | For |
| KENNEDY CAPITAL MANAGEMENT LLC | 540,967 | 0 | 0 | 0 | For |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | 511,482 | 3,070 | 0 | 0 | For |
| BlackRock | 490,858 | 0 | 0 | 0 | For |
| STRS OHIO | 412,700 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 411,487 | 0 | 0 | 0 | For |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 404,260 | 0 | 0 | 0 | For |
| DE Shaw | 402,595 | 0 | 0 | 0 | For |
| Connor, Clark & Lunn Investment Management Ltd. | 332,337 | 0 | 0 | 0 | For |
| Pacific Ridge Capital Partners, LLC | 0 | 0 | 316,397 | 0 | Abstain |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 247,702 | 0 | 0 | 0 | For |
| Dimensional | 228,108 | 0 | 0 | 0 | For |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 226,600 | 0 | 0 | 0 | For |
| NEEDHAM INVESTMENT MANAGEMENT LLC | 200,000 | 0 | 0 | 0 | For |
| State Street | 143,615 | 0 | 0 | 0 | For |
| EAM Investors, LLC | 106,380 | 0 | 0 | 0 | For |
| FULLER & THALER ASSET MANAGEMENT, INC. | 99,580 | 0 | 0 | 0 | For |
| OMERS ADMINISTRATION Corp | 99,400 | 0 | 0 | 0 | For |
| MARSHALL WACE, LLP | 0 | 88,285 | 0 | 0 | Against |
| Maryland State Retirement & Pension System | 87,980 | 0 | 0 | 0 | For |
| Northern Trust | 40,839 | 0 | 0 | 0 | For |
| ALGERT GLOBAL LLC | 38,935 | 0 | 0 | 0 | For |
| Ancora Advisors LLC | 33,332 | 0 | 0 | 0 | For |
Institutional-manager reports, all 66 managers: 9,648,165 for, 97,354 against, 316,397 abstained, 15,000 not voted. Showing the 25 largest; every one is in the interactive database (link above).
Combines 3 wordings of this item as funds reported it.
95% Approved · of votes cast
Description as filed by funds: To Ratify The Appointment Of BPM LLP As Our Independent Registered Public Accounting Firm For The Fiscal Year Ending December 31, 2024.
AXT INC.’s own tally for this item (“4. Ratification of the appointment of BPM LLP ("BPM") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024”): 31,630,895 for, 1,539,280 against — passed, per its Form 8-K filed May 20, 2024 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “Proposal 4: Ratification of the appointment of BPM LLP ("BPM") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024:”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 21 asset managers below reported 7,882,398 for, 157,699 against.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,033,149 | 0 | 0 | 0 | For |
| NEEDHAM FUNDS INC | 1,470,000 | 0 | 0 | 0 | For |
| Dimensional | 1,440,596 | 0 | 0 | 0 | For |
| Fidelity | 1,203,008 | 0 | 0 | 0 | For |
| Royce | 1,018,709 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 226,600 | 0 | 0 | 0 | For |
| Transamerica | 213,400 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 157,699 | 0 | 0 | Against |
| BlackRock | 89,762 | 0 | 0 | 0 | For |
| Capitol Series Trust | 71,500 | 0 | 0 | 0 | For |
| FORUM FUNDS II | 28,900 | 0 | 0 | 0 | For |
| American Century | 28,164 | 0 | 0 | 0 | For |
| Charles Schwab | 15,887 | 0 | 0 | 0 | For |
| Jackson National | 12,333 | 0 | 0 | 0 | For |
| Blackstone Alternative Investment Funds | 7,100 | 0 | 0 | 0 | For |
| Equitable | 6,974 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 5,653 | 0 | 0 | 0 | For |
| John Hancock | 4,803 | 0 | 0 | 0 | For |
| Allianz | 4,478 | 0 | 0 | 0 | For |
| Lincoln Financial | 1,172 | 0 | 0 | 0 | For |
| Nationwide | 210 | 0 | 0 | 0 | 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 44,398,843 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 4.58% |
| 2 | NEEDHAM FUNDS INC | 3.31% |
| 3 | Dimensional | 3.24% |
| 4 | Fidelity | 2.71% |
| 5 | Royce | 2.29% |
| 6 | RBB FUND, INC. | 0.89% |
| 7 | BRIDGEWAY FUNDS INC | 0.51% |
| 8 | Transamerica | 0.48% |
| 9 | EA Series Trust | 0.36% |
| 10 | BlackRock | 0.20% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | FIRST WILSHIRE SECURITIES MANAGEMENT INC | 4.14% |
| 2 | Portolan Capital Management, LLC | 3.34% |
| 3 | Two Sigma | 2.15% |
| 4 | KENNEDY CAPITAL MANAGEMENT LLC | 1.22% |
| 5 | SYSTEMATIC FINANCIAL MANAGEMENT LP | 1.16% |
| 6 | BlackRock | 1.11% |
| 7 | STRS OHIO | 0.93% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 0.93% |
| 9 | STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 0.91% |
| 10 | DE Shaw | 0.91% |
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 |
|---|---|---|
| Cleveland Capital Management, L.L.C. | 6.87% | 13G |
| S | 5.34% | 13G |
| Vanguard Group | 4.96% | 13F |
| Dimensional Fund Advisors | 4.24% | 13F |
| Millennium Management | 1.81% | 13F |
| Two Sigma | 1.78% | 13F |
| BlackRock | 1.57% | 13F |
| D.E. Shaw | 1.51% | 13F |
| Morgan Stanley | 1.39% | 13F |
| Geode Capital | 0.93% | 13F |
Percentages above are of 44,398,843 shares outstanding, as reported by AXT INC. on its Form 10-Q dated May 1, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 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 AXT INC.’s 10-Q dated May 1, 2024. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.
AXT INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.
proxyvotesnow.com, “AXT (AXTI) 2024 Annual Meeting: Shareholder Vote Results & Fund Votes”, https://proxyvotesnow.com/company/axt-inc/2024 (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.