Home › Companies › AXT INC. › 2024-2025
At AXT INC.'s shareholder meeting held May 15, 2025, in the 2024-2025 proxy season, 57 asset managers reported how they voted on 4 ballot items in their SEC Form N-PX filings, covering 162 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 96% 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 16, 2025.
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 16, 2025 (Item 5.07 on EDGAR). Page generated November 8, 2026.
Meeting of May 15, 2025: 4 items on AXT INC.’s Form 8-K, filed May 16, 2025: 3 approved · 1 without a stated outcome.
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 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 16, 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: Christine Russel | 14,621,153 | -- | -- | 779,476 | 16,285,864 | 95% | Not verified | — |
| 2. Advisory vote on executive compensation | 13,609,497 | 541,575 | 1,249,557 | -- | 16,285,864 | 96% | Approved | — |
| 3. Approval of the 2025 Equity Incentive Plan | 14,834,626 | 449,191 | 116,812 | -- | 16,285,864 | 97% | 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, 2025 | 30,939,751 | 455,982 | 290,760 | -- | -- | 99% | Approved | — |
Source: AXT INC., Form 8-K, filed with the SEC on May 16, 2025 — read the filing on EDGAR.
Each item below shows how the 57 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 3 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
Description as filed by funds: To elect one (1) Class III director to hold office for a three year term and until their respective successor is elected and qualified: Christine Russell
AXT INC.’s own tally for this item (“Elect Director: Christine Russel”): 14,621,153 for, 779,476 withheld, per its Form 8-K filed May 16, 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: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 12 asset managers below reported 3,540,522 for, 78,030 withheld.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,256,043 | 0 | 0 | 0 | For |
| NEEDHAM FUNDS INC | 700,000 | 0 | 0 | 0 | For |
| Fidelity | 416,448 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 0 | 0 | 77,781 | Withhold |
| BlackRock | 67,159 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 63,000 | 0 | 0 | 0 | For |
| Charles Schwab | 15,887 | 0 | 0 | 0 | For |
| Equitable | 7,703 | 0 | 0 | 0 | For |
| Blackstone Alternative Investment Funds | 7,400 | 0 | 0 | 0 | For |
| American Century | 6,075 | 0 | 0 | 0 | For |
| John Hancock | 807 | 0 | 0 | 0 | For |
| Goldman Sachs | 0 | 0 | 0 | 249 | Withhold |
Combines 2 wordings of this item as funds reported it.
97% Approved · of votes cast
Description as filed by funds: To approve the 2025 Equity Incentive Plan.
AXT INC.’s own tally for this item (“3. Approval of the 2025 Equity Incentive Plan”): 14,834,626 for, 449,191 against — passed, per its Form 8-K filed May 16, 2025 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “The 2025 Equity Inventive Plan was approved by the shareholders.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 14 asset managers below reported 3,622,567 for, 6,075 against.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,256,043 | 0 | 0 | 0 | For |
| NEEDHAM FUNDS INC | 700,000 | 0 | 0 | 0 | For |
| Fidelity | 416,448 | 0 | 0 | 0 | For |
| EA Series Trust | 77,781 | 0 | 0 | 0 | For |
| BlackRock | 67,159 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 63,000 | 0 | 0 | 0 | For |
| Charles Schwab | 15,887 | 0 | 0 | 0 | For |
| ALGERT GLOBAL LLC | 9,790 | 0 | 0 | 0 | For |
| Equitable | 7,703 | 0 | 0 | 0 | For |
| Blackstone Alternative Investment Funds | 7,400 | 0 | 0 | 0 | For |
| American Century | 0 | 6,075 | 0 | 0 | Against |
| John Hancock | 807 | 0 | 0 | 0 | For |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC | 300 | 0 | 0 | 0 | For |
| Goldman Sachs | 249 | 0 | 0 | 0 | For |
Combines 3 wordings of this item as funds reported it.
96% 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”): 13,609,497 for, 541,575 against — passed, per its Form 8-K filed May 16, 2025 (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: 96% 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 | 2,256,043 | 0 | 0 | 0 | For |
| RBB FUND, INC. | 0 | 0 | 742,790 | 0 | Abstain |
| NEEDHAM FUNDS INC | 650,000 | 50,000 | 0 | 0 | Mixed |
| Fidelity | 416,448 | 0 | 0 | 0 | For |
| EA Series Trust | 77,781 | 0 | 0 | 0 | For |
| BlackRock | 67,159 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 63,000 | 0 | 0 | 0 | For |
| Charles Schwab | 15,887 | 0 | 0 | 0 | For |
| Equitable | 7,703 | 0 | 0 | 0 | For |
| Blackstone Alternative Investment Funds | 7,400 | 0 | 0 | 0 | For |
| American Century | 6,075 | 0 | 0 | 0 | For |
| John Hancock | 807 | 0 | 0 | 0 | For |
| Goldman Sachs | 249 | 0 | 0 | 0 | For |
Fund voting reports, all 13 managers: 3,568,552 for, 50,000 against, 742,790 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 512,560 | 0 | 0 | 0 | For |
| JACOBS LEVY EQUITY MANAGEMENT, INC | 475,886 | 0 | 0 | 0 | For |
| BlackRock | 443,563 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 420,057 | 0 | 0 | 0 | For |
| Pacific Ridge Capital Partners, LLC | 0 | 0 | 393,815 | 0 | Abstain |
| Two Sigma | 278,853 | 0 | 0 | 0 | For |
| Connor, Clark & Lunn Investment Management Ltd. | 277,702 | 0 | 0 | 0 | For |
| NEEDHAM INVESTMENT MANAGEMENT LLC | 93,500 | 0 | 0 | 0 | For |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 75,700 | 0 | 0 | 0 | For |
| Maryland State Retirement & Pension System | 53,560 | 0 | 0 | 0 | For |
| DE Shaw | 49,579 | 0 | 0 | 0 | For |
| Charles Schwab | 15,887 | 0 | 0 | 0 | For |
| MARSHALL WACE, LLP | 29,966 | 0 | 0 | 0 | For |
| Northern Trust | 28,790 | 0 | 0 | 0 | For |
| Vanguard | 26,963 | 0 | 0 | 0 | For |
| Atlas Brown,Inc. | 19,575 | 0 | 0 | 0 | For |
| State Street | 17,669 | 0 | 0 | 0 | For |
| JAMES INVESTMENT RESEARCH, INC. | 16,000 | 0 | 0 | 0 | For |
| Clearstead Advisors, LLC | 10,000 | 0 | 0 | 0 | For |
| Hirtle Callaghan & Co LLC | 10,000 | 0 | 0 | 0 | For |
| ALGERT GLOBAL LLC | 9,790 | 0 | 0 | 0 | For |
| Apriem Advisors | 9,000 | 0 | 0 | 0 | For |
| American Century | 6,075 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 3,960 | 0 | 0 | 0 | For |
| Fidelity | 3,799 | 0 | 0 | 0 | For |
Institutional-manager reports, all 50 managers: 2,907,946 for, 393,815 abstained, 15,000 not voted. Showing the 25 largest; every one is in the interactive database (link above).
99% 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, 2025.
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, 2025”): 30,939,751 for, 455,982 against — passed, per its Form 8-K filed May 16, 2025 (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, 2025:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 12 asset managers below reported 3,540,771 for, 77,781 against.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 2,256,043 | 0 | 0 | 0 | For |
| NEEDHAM FUNDS INC | 700,000 | 0 | 0 | 0 | For |
| Fidelity | 416,448 | 0 | 0 | 0 | For |
| EA Series Trust | 0 | 77,781 | 0 | 0 | Against |
| BlackRock | 67,159 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 63,000 | 0 | 0 | 0 | For |
| Charles Schwab | 15,887 | 0 | 0 | 0 | For |
| Equitable | 7,703 | 0 | 0 | 0 | For |
| Blackstone Alternative Investment Funds | 7,400 | 0 | 0 | 0 | For |
| American Century | 6,075 | 0 | 0 | 0 | For |
| John Hancock | 807 | 0 | 0 | 0 | For |
| Goldman Sachs | 249 | 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 45,603,682 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 4.95% |
| 2 | RBB FUND, INC. | 1.63% |
| 3 | NEEDHAM FUNDS INC | 1.53% |
| 4 | Fidelity | 0.91% |
| 5 | EA Series Trust | 0.17% |
| 6 | BlackRock | 0.15% |
| 7 | BRIDGEWAY FUNDS INC | 0.14% |
| 8 | Charles Schwab | 0.03% |
| 9 | Equitable | 0.02% |
| 10 | Blackstone Alternative Investment Funds | 0.02% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 1.12% |
| 2 | JACOBS LEVY EQUITY MANAGEMENT, INC | 1.04% |
| 3 | BlackRock | 0.97% |
| 4 | GEODE CAPITAL MANAGEMENT, LLC | 0.92% |
| 5 | Pacific Ridge Capital Partners, LLC | 0.86% |
| 6 | Two Sigma | 0.61% |
| 7 | Connor, Clark & Lunn Investment Management Ltd. | 0.61% |
| 8 | NEEDHAM INVESTMENT MANAGEMENT LLC | 0.21% |
| 9 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | 0.17% |
| 10 | Maryland State Retirement & Pension System | 0.12% |
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 |
|---|---|---|
| JANE STREET GROUP, LLC | 10.49% | 13G |
| Marex Securities Products Inc. | 8.78% | 13G |
| E20 Capital Ltd | 5.67% | 13G |
| Vanguard Group | 4.98% | 13F |
| BlackRock | 1.50% | 13F |
| Cleveland Capital Management, L.L.C. | 1.25% | 13G |
| Morgan Stanley | 1.18% | 13F |
| Geode Capital | 1.07% | 13F |
| Two Sigma | 0.58% | 13F |
| D.E. Shaw | 0.34% | 13F |
Percentages above are of 45,603,682 shares outstanding, as reported by AXT INC. on its Form 10-Q dated May 1, 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 AXT INC.’s 10-Q dated May 1, 2025. 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 · 2024-2025 (this page) · 2025-2026.
proxyvotesnow.com, “AXT (AXTI) 2025 Annual Meeting: Shareholder Vote Results & Fund Votes”, https://proxyvotesnow.com/company/axt-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.