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BAXTER INTERNATIONAL INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and BAXTER INTERNATIONAL INC.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 18Reported items
  • 874Asset managers
  • 9,290Fund votes
  • 2025-05-06Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore BAXTER INTERNATIONAL INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by BAXTER INTERNATIONAL INC.

These tallies are BAXTER INTERNATIONAL INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (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.

BAXTER INTERNATIONAL INC. — official shareholder meeting results, meeting held 2025-05-06
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: William A. Ampofo II 443,626,3592,211,047352,375 --35,269,778 Majority: yes
Elect Director: Jeffrey A. Craig 437,056,3258,811,496321,960 --35,269,778 Majority: yes
Elect Director: Patricia B. Morrison 440,771,9324,753,408664,441 --35,269,778 Majority: yes
Elect Director: Stephen N. Oesterle, M.D. 440,327,5335,545,714316,534 --35,269,778 Majority: yes
Elect Director: Stephen H. Rusckowski 440,401,4695,458,061330,251 --35,269,778 Majority: yes
Elect Director: Nancy M. Schlichting 435,099,92510,790,833299,023 --35,269,778 Majority: yes
Elect Director: Brent Shafer 422,759,21123,105,756324,814 --35,269,778 Majority: yes
Elect Director: Cathy R. Smith 414,101,96431,783,791304,026 --35,269,778 Majority: yes
Elect Director: Amy A. Wendell 439,132,7416,753,745303,295 --35,269,778 Majority: yes
Elect Director: David S. Wilkes, M.D. 440,741,9724,760,855686,954 --35,269,778 Majority: yes
(b) By the following vote, stockholders approved, on an advisory basis, the compensation paid to the Company's named executive officers for 2024: 405,175,42040,433,760580,601 --35,269,778 Majority: yes
(c) By the following vote, stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for 2025: 444,504,94236,562,809391,808 ---- Majority: yes
(d) By the following vote, stockholders did not approve the stockholder proposal relating to executives retaining significant stock: 165,047,077280,186,597956,107 --35,269,778 Majority: no

Source: BAXTER INTERNATIONAL INC., Form 8-K — read the filing on EDGAR.

How asset managers voted at the BAXTER INTERNATIONAL INC. 2024-2025 meeting

Each item below shows how the 874 asset managers that disclosed a BAXTER INTERNATIONAL 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. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of BAXTER INTERNATIONAL INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Advisory Vote to Approve Named Executive Officer Compensation for 2024

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-06.

Combines 22 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%9%
FOR: 405,175,420AGAINST: 40,433,760

BAXTER INTERNATIONAL INC.’s own tally for this item (“(b) By the following vote, stockholders approved, on an advisory basis, the compensation paid to the Company's named executive officers for 2024:”): 405,175,420 for, 40,433,760 against, per its Form 8-K (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. Of all 513,174,623 outstanding shares: 79% for, 8% against (87% of the company cast a for/against vote).

The 855 asset managers below cast 93% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the company's reported shares outstanding.

FOR 93%7%
FOR: 92.6%AGAINST: 7.3%ABSTAIN: 0.0%NOT VOTED: 0.0%0: 0.0%
Largest asset managers voting on “Advisory Vote to Approve Named Executive Officer Compensation for 2024” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Dodge & Cox89,362,8930 00For
Vanguard74,609,2645,218 00For
BlackRock48,041,54739,752 00For
PZENA INVESTMENT MANAGEMENT LLC31,097,9160 00For
T. Rowe Price28,722,2460 00For
Invesco15,983,4420 00For
State Street14,687,359178,957 00For
Fidelity14,029,3290 00For
GEODE CAPITAL MANAGEMENT, LLC12,406,2170 00For
HARRIS ASSOCIATES L P8,530,7630 00For
Newton Investment Management North America, LLC7,274,2020 00For
Charles Schwab7,129,4120 00For
MACQUARIE INVESTMENT MANAGEMENT BUSINESS TRUST6,842,1020 00For
HARRIS ASSOCIATES INVESTMENT TRUST6,470,0000 00For
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO6,225,0600 00For
NORDEA INVESTMENT MANAGEMENT AB34,1076,164,419 00Against
Camber Capital Management LP5,750,0000 00For
BNY Mellon3,573,4361,991,532 00For
Artisan05,266,636 00Against
Columbia Threadneedle4,857,6250 00For
Parnassus4,606,0960 00For
Northern Trust113,6244,021,988 00Against
FRANKLIN MUTUAL ADVISERS LLC3,883,7770 00For
Lazard3,666,5300 00For
Bridge Builder Trust511,8933,095,621 00Against

Showing the 25 largest of 855 asset managers. See all 855 in the interactive database.

2. Stockholder Proposal - Executives to Retain Significant Stock

OTHERMajority of the votes cast: no

Meeting held 2025-05-06.

Combines 3 wordings of this item as funds reported it.

37% Majority: no · of votes cast

FOR 37%AGAINST 63%
FOR: 165,047,077AGAINST: 280,186,597

BAXTER INTERNATIONAL INC.’s own tally for this item (“(d) By the following vote, stockholders did not approve the stockholder proposal relating to executives retaining significant stock:”): 165,047,077 for, 280,186,597 against, per its Form 8-K (Item 5.07). FOR was not 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. Of all 513,174,623 outstanding shares: 32% for, 54.6% against (87% of the company cast a for/against vote).

The 141 asset managers below cast 27% of the shares they voted on this item FOR (64,109,378 for, 170,070,613 against).

FOR 27%AGAINST 73%
FOR: 64,109,378 (27.4%)AGAINST: 170,070,613 (72.6%)ABSTAIN: 13,715 (0.0%)
Largest asset managers voting on “Stockholder Proposal - Executives to Retain Significant Stock” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,55271,312,568 10Against
Dodge & Cox40,669,6000 00For
BlackRock20,45231,817,584 00Against
Fidelity222,00012,138,933 00Against
T. Rowe Price09,043,776 00Against
Invesco07,724,096 00Against
HARRIS ASSOCIATES INVESTMENT TRUST06,470,000 00Against
Columbia Threadneedle04,754,849 00Against
State Street1,3673,755,674 00Against
Bridge Builder Trust474,3003,133,214 00Against
BNY Mellon3,394,28576,023 00For
Charles Schwab03,365,506 00Against
FRANKLIN MUTUAL SERIES FUNDS3,310,7970 00For
Lincoln Financial32,6313,163,621 00Against
John Hancock378,3132,077,284 00Against
Parnassus2,303,0480 00For
Dimensional1,902,2640 00For
Jackson National1,098,299398,658 00For
First Trust1,475,4910 00For
Transamerica1,266,70498,117 00For
WisdomTree01,363,104 00Against
Brighthouse123,367996,235 13,5810Against
Northwestern Mutual01,027,122 00Against
TIAA01,002,901 00Against
Artisan0988,468 00Against

Showing the 25 largest of 141 asset managers. See all 141 in the interactive database.

3. Ratification of Appointment of Independent Registered Public Accounting Firm for 2025

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-05-06.

Combines 6 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%
FOR: 444,504,942AGAINST: 36,562,809

BAXTER INTERNATIONAL INC.’s own tally for this item (“(c) By the following vote, stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for 2025:”): 444,504,942 for, 36,562,809 against, per its Form 8-K (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. Of all 513,174,623 outstanding shares: 87% for, 7% against (94% of the company cast a for/against vote).

The 139 asset managers below cast 98% of the shares they voted on this item FOR (229,111,208 for, 5,434,920 against).

FOR 98%
FOR: 229,111,208 (97.7%)AGAINST: 5,434,920 (2.3%)ABSTAIN: 13,590 (0.0%)
Largest asset managers voting on “Ratification of Appointment of Independent Registered Public Accounting Firm for 2025” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard71,312,6406,479 00For
Dodge & Cox40,669,6000 00For
BlackRock31,838,0360 00For
Fidelity12,360,9330 00For
T. Rowe Price9,043,7760 00For
Invesco7,724,0960 00For
HARRIS ASSOCIATES INVESTMENT TRUST6,470,0000 00For
Columbia Threadneedle4,754,8490 00For
State Street3,756,820221 00For
Bridge Builder Trust3,607,5140 00For
BNY Mellon83,7183,386,590 00Against
Charles Schwab3,365,5060 00For
FRANKLIN MUTUAL SERIES FUNDS3,310,7970 00For
Lincoln Financial3,196,2520 00For
John Hancock2,455,5970 00For
Parnassus2,303,0480 00For
Dimensional1,902,2640 00For
Jackson National412,7461,084,211 00Against
First Trust1,475,4910 00For
Transamerica1,364,8210 00For
WisdomTree1,363,1040 00For
Brighthouse1,272,039205 13,5810For
Northwestern Mutual1,027,1220 00For
TIAA1,002,9010 00For
Artisan988,4680 00For

Showing the 25 largest of 139 asset managers. See all 139 in the interactive database.

4. Election of Directors: William A. Ampofo II

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-06.

Combines 7 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 443,626,359AGAINST: 2,211,047

BAXTER INTERNATIONAL INC.’s own tally for this item (“Elect Director: William A. Ampofo II”): 443,626,359 for, 2,211,047 against, per its Form 8-K (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. Of all 513,174,623 outstanding shares: 86% for, 0.5% against (87% of the company cast a for/against vote).

The 138 asset managers below cast 99.9% of the shares they voted on this item FOR (233,457,206 for, 436 against).

FOR 99.9%
FOR: 233,457,206 (100.0%)AGAINST: 436 (0.0%)ABSTAIN: 44,672 (0.0%)
Largest asset managers voting on “Election of Directors: William A. Ampofo II” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard71,319,1191 00For
Dodge & Cox40,669,6000 00For
BlackRock31,838,0360 00For
Fidelity12,360,9330 00For
T. Rowe Price9,043,7760 00For
Invesco7,724,0960 00For
HARRIS ASSOCIATES INVESTMENT TRUST6,470,0000 00For
Columbia Threadneedle4,754,8490 00For
State Street3,757,0410 00For
Bridge Builder Trust3,607,5140 00For
BNY Mellon3,470,3080 00For
Charles Schwab3,365,5060 00For
FRANKLIN MUTUAL SERIES FUNDS3,310,7970 00For
Lincoln Financial3,196,2520 00For
John Hancock2,455,5970 00For
Parnassus2,303,0480 00For
Dimensional1,902,2640 00For
Jackson National1,496,9570 00For
First Trust1,475,4910 00For
Transamerica1,364,8210 00For
WisdomTree1,363,1040 00For
Brighthouse1,272,2440 13,5810For
Northwestern Mutual1,027,1220 00For
TIAA1,002,9010 00For
Artisan988,4680 00For

Showing the 25 largest of 138 asset managers. See all 138 in the interactive database.

5. Election of Directors: Jeffrey A. Craig

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-06.

Combines 7 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 437,056,325AGAINST: 8,811,496

BAXTER INTERNATIONAL INC.’s own tally for this item (“Elect Director: Jeffrey A. Craig”): 437,056,325 for, 8,811,496 against, per its Form 8-K (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. Of all 513,174,623 outstanding shares: 85% for, 2% against (87% of the company cast a for/against vote).

The 138 asset managers below cast 99.9% of the shares they voted on this item FOR (233,679,088 for, 44,283 against).

FOR 99.9%
FOR: 233,679,088 (100.0%)AGAINST: 44,283 (0.0%)ABSTAIN: 13,592 (0.0%)
Largest asset managers voting on “Election of Directors: Jeffrey A. Craig” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard71,312,6566,463 00For
Dodge & Cox40,669,6000 00For
BlackRock31,838,0360 00For
Fidelity12,360,9330 00For
T. Rowe Price9,043,7760 00For
Invesco7,724,0960 00For
HARRIS ASSOCIATES INVESTMENT TRUST6,470,0000 00For
Columbia Threadneedle4,754,8490 00For
State Street3,757,0410 00For
Bridge Builder Trust3,607,5140 00For
BNY Mellon3,470,3080 00For
Charles Schwab3,365,5060 00For
FRANKLIN MUTUAL SERIES FUNDS3,310,7970 00For
Lincoln Financial3,196,2520 00For
John Hancock2,455,5970 00For
Parnassus2,303,0480 00For
Dimensional1,902,2640 00For
Jackson National1,496,9570 00For
First Trust1,475,4910 00For
Transamerica1,364,8210 00For
WisdomTree1,363,1040 00For
Brighthouse1,272,2440 13,5810For
Northwestern Mutual1,027,1220 00For
TIAA1,002,9010 00For
Artisan988,4680 00For

Showing the 25 largest of 138 asset managers. See all 138 in the interactive database.

6. Election of Directors: Patricia B. Morrison

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-06.

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 440,771,932AGAINST: 4,753,408

BAXTER INTERNATIONAL INC.’s own tally for this item (“Elect Director: Patricia B. Morrison”): 440,771,932 for, 4,753,408 against, per its Form 8-K (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. Of all 513,174,623 outstanding shares: 86% for, 1.0% against (87% of the company cast a for/against vote).

The 138 asset managers below cast 99.9% of the shares they voted on this item FOR (233,488,201 for, 508 against).

FOR 99.9%
FOR: 233,488,201 (100.0%)AGAINST: 508 (0.0%)ABSTAIN: 13,604 (0.0%)
Largest asset managers voting on “Election of Directors: Patricia B. Morrison” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard71,319,1172 00For
Dodge & Cox40,669,6000 00For
BlackRock31,838,0360 00For
Fidelity12,360,9330 00For
T. Rowe Price9,043,7760 00For
Invesco7,724,0960 00For
HARRIS ASSOCIATES INVESTMENT TRUST6,470,0000 00For
Columbia Threadneedle4,754,8490 00For
State Street3,757,0410 00For
Bridge Builder Trust3,607,5140 00For
BNY Mellon3,470,3080 00For
Charles Schwab3,365,5060 00For
FRANKLIN MUTUAL SERIES FUNDS3,310,7970 00For
Lincoln Financial3,196,2520 00For
John Hancock2,455,5970 00For
Parnassus2,303,0480 00For
Dimensional1,902,2640 00For
Jackson National1,496,9570 00For
First Trust1,475,4910 00For
Transamerica1,364,8210 00For
WisdomTree1,363,1040 00For
Brighthouse1,272,2440 13,5810For
Northwestern Mutual1,027,1220 00For
TIAA1,002,9010 00For
Artisan988,4680 00For

Showing the 25 largest of 138 asset managers. See all 138 in the interactive database.

7. Election of Directors: Stephen N. Oesterle, M.D.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-06.

Combines 7 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 440,327,533AGAINST: 5,545,714

BAXTER INTERNATIONAL INC.’s own tally for this item (“Elect Director: Stephen N. Oesterle, M.D.”): 440,327,533 for, 5,545,714 against, per its Form 8-K (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. Of all 513,174,623 outstanding shares: 86% for, 1% against (87% of the company cast a for/against vote).

The 138 asset managers below cast 99.9% of the shares they voted on this item FOR (233,488,190 for, 533 against).

FOR 99.9%
FOR: 233,488,190 (100.0%)AGAINST: 533 (0.0%)ABSTAIN: 13,592 (0.0%)
Largest asset managers voting on “Election of Directors: Stephen N. Oesterle, M.D.” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard71,319,1173 00For
Dodge & Cox40,669,6000 00For
BlackRock31,838,0360 00For
Fidelity12,360,9330 00For
T. Rowe Price9,043,7760 00For
Invesco7,724,0960 00For
HARRIS ASSOCIATES INVESTMENT TRUST6,470,0000 00For
Columbia Threadneedle4,754,8490 00For
State Street3,757,0410 00For
Bridge Builder Trust3,607,5140 00For
BNY Mellon3,470,3080 00For
Charles Schwab3,365,5060 00For
FRANKLIN MUTUAL SERIES FUNDS3,310,7970 00For
Lincoln Financial3,196,2520 00For
John Hancock2,455,5970 00For
Parnassus2,303,0480 00For
Dimensional1,902,2640 00For
Jackson National1,496,9570 00For
First Trust1,475,4910 00For
Transamerica1,364,8210 00For
WisdomTree1,363,1040 00For
Brighthouse1,272,2440 13,5810For
Northwestern Mutual1,027,1220 00For
TIAA1,002,9010 00For
Artisan988,4680 00For

Showing the 25 largest of 138 asset managers. See all 138 in the interactive database.

8. Election of Directors: Stephen H. Rusckowski

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-06.

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 440,401,469AGAINST: 5,458,061

BAXTER INTERNATIONAL INC.’s own tally for this item (“Elect Director: Stephen H. Rusckowski”): 440,401,469 for, 5,458,061 against, per its Form 8-K (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. Of all 513,174,623 outstanding shares: 86% for, 1% against (87% of the company cast a for/against vote).

The 138 asset managers below cast 99.9% of the shares they voted on this item FOR (233,363,548 for, 125,174 against).

FOR 99.9%
FOR: 233,363,548 (99.9%)AGAINST: 125,174 (0.1%)ABSTAIN: 13,592 (0.0%)
Largest asset managers voting on “Election of Directors: Stephen H. Rusckowski” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard71,319,1173 00For
Dodge & Cox40,669,6000 00For
BlackRock31,838,0360 00For
Fidelity12,360,9330 00For
T. Rowe Price9,043,7760 00For
Invesco7,724,0960 00For
HARRIS ASSOCIATES INVESTMENT TRUST6,470,0000 00For
Columbia Threadneedle4,754,8490 00For
State Street3,757,0410 00For
Bridge Builder Trust3,607,5140 00For
BNY Mellon3,470,3080 00For
Charles Schwab3,365,5060 00For
FRANKLIN MUTUAL SERIES FUNDS3,310,7970 00For
Lincoln Financial3,196,2520 00For
John Hancock2,455,5970 00For
Parnassus2,303,0480 00For
Dimensional1,902,2640 00For
Jackson National1,496,9570 00For
First Trust1,475,4910 00For
Transamerica1,364,8210 00For
WisdomTree1,363,1040 00For
Brighthouse1,272,2440 13,5810For
Northwestern Mutual1,027,1220 00For
TIAA1,002,9010 00For
Artisan988,4680 00For

Showing the 25 largest of 138 asset managers. See all 138 in the interactive database.

9. Election of Directors: Nancy M. Schlichting

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-06.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 435,099,925AGAINST: 10,790,833

BAXTER INTERNATIONAL INC.’s own tally for this item (“Elect Director: Nancy M. Schlichting”): 435,099,925 for, 10,790,833 against, per its Form 8-K (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. Of all 513,174,623 outstanding shares: 85% for, 2% against (87% of the company cast a for/against vote).

The 138 asset managers below cast 99.9% of the shares they voted on this item FOR (233,332,285 for, 156,437 against).

FOR 99.9%
FOR: 233,332,285 (99.9%)AGAINST: 156,437 (0.1%)ABSTAIN: 13,591 (0.0%)
Largest asset managers voting on “Election of Directors: Nancy M. Schlichting” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard71,319,1146 00For
Dodge & Cox40,669,6000 00For
BlackRock31,838,0360 00For
Fidelity12,360,9330 00For
T. Rowe Price9,043,7760 00For
Invesco7,724,0960 00For
HARRIS ASSOCIATES INVESTMENT TRUST6,470,0000 00For
Columbia Threadneedle4,754,8490 00For
State Street3,757,0410 00For
Bridge Builder Trust3,607,5140 00For
BNY Mellon3,470,3080 00For
Charles Schwab3,365,5060 00For
FRANKLIN MUTUAL SERIES FUNDS3,310,7970 00For
Lincoln Financial3,196,2520 00For
John Hancock2,455,5970 00For
Parnassus2,303,0480 00For
Dimensional1,902,2640 00For
Jackson National1,496,9570 00For
First Trust1,475,4910 00For
Transamerica1,364,8210 00For
WisdomTree1,363,1040 00For
Brighthouse1,272,2440 13,5810For
Northwestern Mutual1,027,1220 00For
TIAA1,002,9010 00For
Artisan988,4680 00For

Showing the 25 largest of 138 asset managers. See all 138 in the interactive database.

10. Election of Directors: Brent Shafer

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-06.

Combines 6 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 422,759,211AGAINST: 23,105,756

BAXTER INTERNATIONAL INC.’s own tally for this item (“Elect Director: Brent Shafer”): 422,759,211 for, 23,105,756 against, per its Form 8-K (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. Of all 513,174,623 outstanding shares: 82% for, 5% against (87% of the company cast a for/against vote).

The 138 asset managers below cast 99.9% of the shares they voted on this item FOR (233,329,082 for, 159,640 against).

FOR 99.9%
FOR: 233,329,082 (99.9%)AGAINST: 159,640 (0.1%)ABSTAIN: 13,592 (0.0%)
Largest asset managers voting on “Election of Directors: Brent Shafer” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard71,319,10812 00For
Dodge & Cox40,669,6000 00For
BlackRock31,838,0360 00For
Fidelity12,360,9330 00For
T. Rowe Price9,043,7760 00For
Invesco7,724,0960 00For
HARRIS ASSOCIATES INVESTMENT TRUST6,470,0000 00For
Columbia Threadneedle4,754,8490 00For
State Street3,756,99150 00For
Bridge Builder Trust3,607,5140 00For
BNY Mellon3,470,3080 00For
Charles Schwab3,365,5060 00For
FRANKLIN MUTUAL SERIES FUNDS3,310,7970 00For
Lincoln Financial3,196,2520 00For
John Hancock2,455,5970 00For
Parnassus2,303,0480 00For
Dimensional1,902,2640 00For
Jackson National1,496,9570 00For
First Trust1,475,4910 00For
Transamerica1,364,8210 00For
WisdomTree1,363,1040 00For
Brighthouse1,272,2440 13,5810For
Northwestern Mutual1,027,1220 00For
TIAA1,002,9010 00For
Artisan988,4680 00For

Showing the 25 largest of 138 asset managers. See all 138 in the interactive database.

11. Election of Directors: Cathy R. Smith

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-06.

Combines 7 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%7%
FOR: 414,101,964AGAINST: 31,783,791

BAXTER INTERNATIONAL INC.’s own tally for this item (“Elect Director: Cathy R. Smith”): 414,101,964 for, 31,783,791 against, per its Form 8-K (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. Of all 513,174,623 outstanding shares: 81% for, 6% against (87% of the company cast a for/against vote).

The 138 asset managers below cast 98% of the shares they voted on this item FOR (229,156,028 for, 4,567,345 against).

FOR 98%
FOR: 229,156,028 (98.0%)AGAINST: 4,567,345 (2.0%)ABSTAIN: 13,591 (0.0%)
Largest asset managers voting on “Election of Directors: Cathy R. Smith” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard71,312,6436,477 00For
Dodge & Cox40,669,6000 00For
BlackRock31,831,7816,255 00For
Fidelity12,138,933222,000 00For
T. Rowe Price9,043,7760 00For
Invesco7,724,0960 00For
HARRIS ASSOCIATES INVESTMENT TRUST6,470,0000 00For
Columbia Threadneedle4,754,8490 00For
State Street3,757,0410 00For
Bridge Builder Trust3,133,214474,300 00For
BNY Mellon3,470,3080 00For
Charles Schwab3,365,5060 00For
FRANKLIN MUTUAL SERIES FUNDS3,310,7970 00For
Lincoln Financial3,196,2520 00For
John Hancock2,455,5970 00For
Parnassus02,303,048 00Against
Dimensional1,902,2640 00For
Jackson National1,496,9570 00For
First Trust1,475,4910 00For
Transamerica1,364,8210 00For
WisdomTree1,363,1040 00For
Brighthouse1,272,2440 13,5810For
Northwestern Mutual1,027,1220 00For
TIAA1,002,9010 00For
Artisan988,4680 00For

Showing the 25 largest of 138 asset managers. See all 138 in the interactive database.

12. Election of Directors: Amy A. Wendell

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-06.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 439,132,741AGAINST: 6,753,745

BAXTER INTERNATIONAL INC.’s own tally for this item (“Elect Director: Amy A. Wendell”): 439,132,741 for, 6,753,745 against, per its Form 8-K (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. Of all 513,174,623 outstanding shares: 86% for, 1% against (87% of the company cast a for/against vote).

The 138 asset managers below cast 99.9% of the shares they voted on this item FOR (233,363,516 for, 125,206 against).

FOR 99.9%
FOR: 233,363,516 (99.9%)AGAINST: 125,206 (0.1%)ABSTAIN: 13,592 (0.0%)
Largest asset managers voting on “Election of Directors: Amy A. Wendell” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard71,319,1173 00For
Dodge & Cox40,669,6000 00For
BlackRock31,838,0360 00For
Fidelity12,360,9330 00For
T. Rowe Price9,043,7760 00For
Invesco7,724,0960 00For
HARRIS ASSOCIATES INVESTMENT TRUST6,470,0000 00For
Columbia Threadneedle4,754,8490 00For
State Street3,757,0410 00For
Bridge Builder Trust3,607,5140 00For
BNY Mellon3,470,3080 00For
Charles Schwab3,365,5060 00For
FRANKLIN MUTUAL SERIES FUNDS3,310,7970 00For
Lincoln Financial3,196,2520 00For
John Hancock2,455,5970 00For
Parnassus2,303,0480 00For
Dimensional1,902,2640 00For
Jackson National1,496,9570 00For
First Trust1,475,4910 00For
Transamerica1,364,8210 00For
WisdomTree1,363,1040 00For
Brighthouse1,272,2440 13,5810For
Northwestern Mutual1,027,1220 00For
TIAA1,002,9010 00For
Artisan988,4680 00For

Showing the 25 largest of 138 asset managers. See all 138 in the interactive database.

13. Election of Directors: David S. Wilkes, M.D.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-06.

Combines 7 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 440,741,972AGAINST: 4,760,855

BAXTER INTERNATIONAL INC.’s own tally for this item (“Elect Director: David S. Wilkes, M.D.”): 440,741,972 for, 4,760,855 against, per its Form 8-K (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. Of all 513,174,623 outstanding shares: 86% for, 1.0% against (87% of the company cast a for/against vote).

The 138 asset managers below cast 99.9% of the shares they voted on this item FOR (233,488,199 for, 509 against).

FOR 99.9%
FOR: 233,488,199 (100.0%)AGAINST: 509 (0.0%)ABSTAIN: 13,605 (0.0%)
Largest asset managers voting on “Election of Directors: David S. Wilkes, M.D.” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard71,319,1172 00For
Dodge & Cox40,669,6000 00For
BlackRock31,838,0360 00For
Fidelity12,360,9330 00For
T. Rowe Price9,043,7760 00For
Invesco7,724,0960 00For
HARRIS ASSOCIATES INVESTMENT TRUST6,470,0000 00For
Columbia Threadneedle4,754,8490 00For
State Street3,757,0410 00For
Bridge Builder Trust3,607,5140 00For
BNY Mellon3,470,3080 00For
Charles Schwab3,365,5060 00For
FRANKLIN MUTUAL SERIES FUNDS3,310,7970 00For
Lincoln Financial3,196,2520 00For
John Hancock2,455,5970 00For
Parnassus2,303,0480 00For
Dimensional1,902,2640 00For
Jackson National1,496,9570 00For
First Trust1,475,4910 00For
Transamerica1,364,8210 00For
WisdomTree1,363,1040 00For
Brighthouse1,272,2440 13,5810For
Northwestern Mutual1,027,1220 00For
TIAA1,002,9010 00For
Artisan988,4680 00For

Showing the 25 largest of 138 asset managers. See all 138 in the interactive database.

14. Advisory Vote to Approve Named Executive Officer Compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2024-05-07 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

87% Majority: yes · of votes cast

FOR 87%13%
FOR: 375,646,141AGAINST: 57,650,282

BAXTER INTERNATIONAL INC.’s own tally for this item (“(b) By the following vote, stockholders approved, on an advisory basis, the compensation paid to the Company's named executive officers for 2023:”): 375,646,141 for, 57,650,282 against, per its Form 8-K (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. Of all 513,174,623 outstanding shares: 73% for, 11% against (84% of the company cast a for/against vote).

The 7 asset managers below cast 23% of the shares they voted on this item FOR (2,443 for, 7,987 against).

FOR 23%AGAINST 77%
FOR: 2,443 (23.4%)AGAINST: 7,987 (76.6%)
Largest asset managers voting on “Advisory Vote to Approve Named Executive Officer Compensation” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
VAUGHAN DAVID INVESTMENTS LLC/IL04,330 00Against
COLDSTREAM CAPITAL MANAGEMENT INC03,137 00Against
Ipswich Investment Management Co., Inc.2,3030 00For
DIVIDEND ASSETS CAPITAL, LLC0520 00Against
Seascape Capital Management1130 00For
Sky Investment Group LLC270 00For
Echo45 Advisors LLC00 00--

15. Adopt Share Retention Policy For Senior Executives

COMPENSATION

Meeting held 2025-05-06.

51.0% fund support · no official result

FOR 51.0%AGAINST 49.0%

The 4 asset managers below cast 51.0% of the shares they voted on this item FOR (159,029 for, 152,642 against).

FOR: 159,029 (51.0%)AGAINST: 152,642 (49.0%)
Largest asset managers voting on “Adopt Share Retention Policy For Senior Executives” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Brighthouse0152,642 00Against
Empower80,6570 00For
GuideStone67,7150 00For
HC CAPITAL TRUST10,6570 00For

16. Executive Salary

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-06.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (375 for, 0 against).

FOR: 375 (100.0%)
Largest asset managers voting on “Executive Salary” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Northside Capital Management, LLC3500 00For
Bell & Brown Wealth Advisors, LLC250 00For

17. S/H Proposal - Corporate Governance

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-06.

0.7% fund support · no official result

AGAINST 99.3%

The 2 asset managers below cast 0.7% of the shares they voted on this item FOR (169 for, 25,024 against).

FOR: 169 (0.7%)AGAINST: 25,024 (99.3%)
Largest asset managers voting on “S/H Proposal - Corporate Governance” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
MATTERN CAPITAL MANAGEMENT, LLC025,024 00Against
Simplify Exchange Traded Funds1690 00For

18. Shareholder Proposal Regarding Retention of Shares

COMPENSATION

Meeting held 2025-05-06.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (135,869 for, 0 against).

FOR: 135,869 (100.0%)
Largest asset managers voting on “Shareholder Proposal Regarding Retention of Shares” at BAXTER INTERNATIONAL INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cardano Risk Management B.V.129,3440 00For
OSSIAM6,5250 00For

Largest BAXTER INTERNATIONAL INC. shareholders voting in 2024-2025

Ranked by the number of BAXTER INTERNATIONAL INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 513,174,623 shares outstanding at the time of that meeting.

Top BAXTER INTERNATIONAL INC. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1Dodge & Cox 17.41%
2Vanguard 14.54%
3BlackRock 9.37%
4PZENA INVESTMENT MANAGEMENT LLC 6.06%
5T. Rowe Price 5.60%
6Invesco 3.11%
7State Street 2.90%
8Fidelity 2.73%
9GEODE CAPITAL MANAGEMENT, LLC 2.42%
10HARRIS ASSOCIATES L P 1.66%

Reported BAXTER INTERNATIONAL INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

BAXTER INTERNATIONAL INC. beneficial owners on record for the 2024-2025 proxy season
Holder % outstanding Disclosure
BlackRock 13.04% 13F
PZENA INVESTMENT MANAGEMENT LLC 12.73% 13G
Vanguard Group 11.90% 13F
Dodge & Cox 11.18% 13G
FMR LLC 10.32% 13G
BlackRock Portfolio Management LLC 8.75% 13G
State Street 4.24% 13F
T. Rowe Price 3.96% 13F
BNY Mellon 2.77% 13F
Invesco 1.65% 13F

Percentages above are of 513,174,623 shares outstanding, as reported by BAXTER INTERNATIONAL INC. on its Form 10-Q dated 2025-04-30 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from BAXTER INTERNATIONAL INC.’s 10-Q dated 2025-04-30. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At BAXTER INTERNATIONAL INC.'s shareholder meeting held 2025-05-06, in the 2024-2025 proxy season, 874 asset managers reported how they voted in their SEC Form N-PX filings, covering 9,290 separate fund positions. Their filings are grouped here into 18 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Advisory Vote to Approve Named Executive Officer Compensation for 2024 — FOR was 91% 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), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: BAXTER INTERNATIONAL INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

BAXTER INTERNATIONAL INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.