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BAYER AG 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 04 October 2026.

35Reported items
214Asset managers
2,688Fund votes
2025-04-25Meeting date

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

Explore BAYER AG in the interactive database Compare manager voting policies

How asset managers voted at the BAYER AG 2024-2025 meeting

Each item below shows how the 214 asset managers that disclosed a BAYER AG 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 BAYER AG’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. Resolution on the approval of the Compensation Report

SECTION 14A SAY-ON-PAY VOTES

Combines 2 wordings of this item as funds reported it.

97% fund support · no official result

FOR 97%

The 113 asset managers below cast 97% of the shares they voted on this item FOR (88,482,467 for, 2,524,713 against).

FOR: 88,482,467 (97.2%)AGAINST: 2,524,713 (2.8%)ABSTAIN: 1,624 (0.0%)NOT VOTED: 35,000 (0.0%)

Largest asset managers voting on “Resolution on the approval of the Compensation Report” at BAYER AG, 2024-2025
Asset manager	For	Against	Vote
EAGLE CAPITAL MANAGEMENT LLC	73,468,898	92,625	For
2023 ETF Series Trust	8,495,935	0	For
BlackRock	2,158,137	0	For
LOEWS CORP	2,000,000	0	For
PNC BANK, NATIONAL ASSOCIATION	319,733	908,972	Against
FOUNDATION RESOURCE MANAGEMENT INC	0	1,113,345	Against
Northern Trust	918,225	0	For
AMG National Trust Bank	316,020	0	For
PRIVATE MANAGEMENT GROUP INC	219,266	0	For
ADVISOR PARTNERS II, LLC	125,685	0	For
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	0	102,287	Against
Argent Trust Co	88,575	0	For
ENVESTNET ASSET MANAGEMENT INC	0	85,773	Against
LEVIN CAPITAL STRATEGIES, L.P.	68,142	0	For
Arlington Trust Co LLC	55,900	0	For
BROWN BROTHERS HARRIMAN & CO	0	50,000	Against
Edward D. Jones & Co., L.P.	0	48,110	Against
Moloney Securities Asset Management, LLC	37,000	0	For
Corient IA LLC	0	0	Not Voted
SOL Capital Management CO	0	32,700	Against
MERCER GLOBAL ADVISORS INC /ADV	23,402	0	For
CHICAGO TRUST Co NA	22,397	0	For
Callan Family Office, LLC	19,673	0	For
Cerity Partners LLC	0	17,340	Against
FIRST MANHATTAN CO. LLC.	15,900	0	For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

2. Approve Remuneration Report

COMPENSATION

75% fund support · no official result

FOR 75%AGAINST 25%

The 85 asset managers below cast 75% of the shares they voted on this item FOR (142,738,639 for, 46,906,225 against).

FOR: 142,738,639 (75.2%)AGAINST: 46,906,225 (24.7%)NOT VOTED: 75,760 (0.0%)

Largest asset managers voting on “Approve Remuneration Report” at BAYER AG, 2024-2025
Asset manager	For	Against	Vote
BlackRock	56,232,265	107,126	For
Dodge & Cox	0	35,691,330	Against
Vanguard	27,608,959	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	21,310,768	0	For
Fidelity	9,859,880	0	For
Dimensional	0	7,144,010	Against
JPMorgan	3,815,064	0	For
Capital Group	3,710,193	0	For
Brighthouse	2,858,377	0	For
State Street	2,733,736	0	For
Bridge Builder Trust	2,200,156	0	For
TIAA	0	1,613,304	Against
Six Circles Trust	1,488,590	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,107,514	0	For
Northwestern Mutual	0	901,700	Against
Equitable	868,491	0	For
Pacer Funds Trust	0	826,404	Against
1832 Asset Management L.P.	725,573	0	For
Jackson National	676,672	0	For
MFS	644,011	0	For
DWS	582,363	0	For
Putnam	561,675	0	For
Northern Trust	483,792	0	For
Columbia Threadneedle	401,618	0	For
AQR	382,776	0	For

Showing the 25 largest of 85 asset managers. See all 85 in the interactive database.

3. Approve Discharge of Management Board for Fiscal Year 2024

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 100% of the shares they voted on this item FOR (149,383,001 for, 0 against).

FOR: 149,383,001 (99.9%)NOT VOTED: 75,760 (0.1%)

Largest asset managers voting on “Approve Discharge of Management Board for Fiscal Year 2024” at BAYER AG, 2024-2025
Asset manager	For	Vote
Dodge & Cox	35,691,330	For
Vanguard	27,608,959	For
HARRIS ASSOCIATES INVESTMENT TRUST	21,310,768	For
BlackRock	20,291,360	For
Fidelity	9,859,880	For
Dimensional	7,144,010	For
Capital Group	3,710,193	For
Brighthouse	2,858,377	For
State Street	2,733,736	For
Bridge Builder Trust	2,200,156	For
TIAA	1,613,304	For
Six Circles Trust	1,488,590	For
JPMorgan	1,267,285	For
INTERNATIONAL GROWTH & INCOME FUND	1,107,514	For
Northwestern Mutual	901,700	For
Equitable	868,491	For
Pacer Funds Trust	826,404	For
Jackson National	676,672	For
MFS	644,011	For
DWS	582,363	For
Putnam	561,675	For
Columbia Threadneedle	401,618	For
AQR	382,776	For
Natixis	367,930	For
American Century	350,374	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

4. Approve Discharge of Supervisory Board for Fiscal Year 2024

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 100% of the shares they voted on this item FOR (149,383,001 for, 0 against).

FOR: 149,383,001 (99.9%)NOT VOTED: 75,760 (0.1%)

Largest asset managers voting on “Approve Discharge of Supervisory Board for Fiscal Year 2024” at BAYER AG, 2024-2025
Asset manager	For	Vote
Dodge & Cox	35,691,330	For
Vanguard	27,608,959	For
HARRIS ASSOCIATES INVESTMENT TRUST	21,310,768	For
BlackRock	20,291,360	For
Fidelity	9,859,880	For
Dimensional	7,144,010	For
Capital Group	3,710,193	For
Brighthouse	2,858,377	For
State Street	2,733,736	For
Bridge Builder Trust	2,200,156	For
TIAA	1,613,304	For
Six Circles Trust	1,488,590	For
JPMorgan	1,267,285	For
INTERNATIONAL GROWTH & INCOME FUND	1,107,514	For
Northwestern Mutual	901,700	For
Equitable	868,491	For
Pacer Funds Trust	826,404	For
Jackson National	676,672	For
MFS	644,011	For
DWS	582,363	For
Putnam	561,675	For
Columbia Threadneedle	401,618	For
AQR	382,776	For
Natixis	367,930	For
American Century	350,374	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

5. Approve Remuneration of Supervisory Board

COMPENSATION

100% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 100% of the shares they voted on this item FOR (149,383,001 for, 0 against).

FOR: 149,383,001 (99.9%)NOT VOTED: 75,760 (0.1%)

Largest asset managers voting on “Approve Remuneration of Supervisory Board” at BAYER AG, 2024-2025
Asset manager	For	Vote
Dodge & Cox	35,691,330	For
Vanguard	27,608,959	For
HARRIS ASSOCIATES INVESTMENT TRUST	21,310,768	For
BlackRock	20,291,360	For
Fidelity	9,859,880	For
Dimensional	7,144,010	For
Capital Group	3,710,193	For
Brighthouse	2,858,377	For
State Street	2,733,736	For
Bridge Builder Trust	2,200,156	For
TIAA	1,613,304	For
Six Circles Trust	1,488,590	For
JPMorgan	1,267,285	For
INTERNATIONAL GROWTH & INCOME FUND	1,107,514	For
Northwestern Mutual	901,700	For
Equitable	868,491	For
Pacer Funds Trust	826,404	For
Jackson National	676,672	For
MFS	644,011	For
DWS	582,363	For
Putnam	561,675	For
Columbia Threadneedle	401,618	For
AQR	382,776	For
Natixis	367,930	For
American Century	350,374	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

6. Approve Virtual-Only Shareholder Meetings Until 2027

CORPORATE GOVERNANCE

96% fund support · no official result

FOR 96%

The 76 asset managers below cast 96% of the shares they voted on this item FOR (143,903,500 for, 5,479,501 against).

FOR: 143,903,500 (96.3%)AGAINST: 5,479,501 (3.7%)NOT VOTED: 75,760 (0.1%)

Largest asset managers voting on “Approve Virtual-Only Shareholder Meetings Until 2027” at BAYER AG, 2024-2025
Asset manager	For	Against	Vote
Dodge & Cox	35,691,330	0	For
Vanguard	27,608,959	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	21,310,768	0	For
BlackRock	20,291,360	0	For
Fidelity	9,859,880	0	For
Dimensional	7,144,010	0	For
Capital Group	3,710,193	0	For
Brighthouse	2,779,139	79,238	For
State Street	2,733,736	0	For
Bridge Builder Trust	2,018,457	181,699	For
TIAA	1,613,304	0	For
Six Circles Trust	1,488,590	0	For
JPMorgan	1,267,285	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,107,514	0	For
Northwestern Mutual	901,700	0	For
Equitable	868,491	0	For
Pacer Funds Trust	826,404	0	For
Jackson National	553,963	122,709	For
MFS	0	644,011	Against
DWS	0	582,363	Against
Putnam	0	561,675	Against
Columbia Threadneedle	0	401,618	Against
AQR	0	382,776	Against
Natixis	367,930	0	For
American Century	0	350,374	Against

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

7. Elect Alberto Weisser to the Supervisory Board

DIRECTOR ELECTIONS

99.9% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 99.9% of the shares they voted on this item FOR (149,373,126 for, 9,875 against).

FOR: 149,373,126 (99.9%)AGAINST: 9,875 (0.0%)NOT VOTED: 75,760 (0.1%)

Largest asset managers voting on “Elect Alberto Weisser to the Supervisory Board” at BAYER AG, 2024-2025
Asset manager	For	Vote
Dodge & Cox	35,691,330	For
Vanguard	27,608,959	For
HARRIS ASSOCIATES INVESTMENT TRUST	21,310,768	For
BlackRock	20,291,360	For
Fidelity	9,859,880	For
Dimensional	7,144,010	For
Capital Group	3,710,193	For
Brighthouse	2,858,377	For
State Street	2,733,736	For
Bridge Builder Trust	2,200,156	For
TIAA	1,613,304	For
Six Circles Trust	1,488,590	For
JPMorgan	1,267,285	For
INTERNATIONAL GROWTH & INCOME FUND	1,107,514	For
Northwestern Mutual	901,700	For
Equitable	868,491	For
Pacer Funds Trust	826,404	For
Jackson National	676,672	For
MFS	644,011	For
DWS	582,363	For
Putnam	561,675	For
Columbia Threadneedle	401,618	For
AQR	382,776	For
Natixis	367,930	For
American Century	350,374	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

8. Ratify Deloitte GmbH as Auditors for Fiscal Year 2025 and for the Review of Interim Financial Statements for Fiscal Year 2025 and First Quarter of Fiscal Year 2026

AUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 100% of the shares they voted on this item FOR (149,383,001 for, 0 against).

FOR: 149,383,001 (99.9%)NOT VOTED: 75,760 (0.1%)

Largest asset managers voting on “Ratify Deloitte GmbH as Auditors for Fiscal Year 2025 and for the Review of Interim Financial Statements for F” at BAYER AG, 2024-2025
Asset manager	For	Vote
Dodge & Cox	35,691,330	For
Vanguard	27,608,959	For
HARRIS ASSOCIATES INVESTMENT TRUST	21,310,768	For
BlackRock	20,291,360	For
Fidelity	9,859,880	For
Dimensional	7,144,010	For
Capital Group	3,710,193	For
Brighthouse	2,858,377	For
State Street	2,733,736	For
Bridge Builder Trust	2,200,156	For
TIAA	1,613,304	For
Six Circles Trust	1,488,590	For
JPMorgan	1,267,285	For
INTERNATIONAL GROWTH & INCOME FUND	1,107,514	For
Northwestern Mutual	901,700	For
Equitable	868,491	For
Pacer Funds Trust	826,404	For
Jackson National	676,672	For
MFS	644,011	For
DWS	582,363	For
Putnam	561,675	For
Columbia Threadneedle	401,618	For
AQR	382,776	For
Natixis	367,930	For
American Century	350,374	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

9. Receive Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of EUR 0.11 per Share for Fiscal Year 2024

CAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 100% of the shares they voted on this item FOR (149,383,001 for, 0 against).

FOR: 149,383,001 (99.9%)NOT VOTED: 75,760 (0.1%)

Largest asset managers voting on “Receive Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of EUR 0.11 per” at BAYER AG, 2024-2025
Asset manager	For	Vote
Dodge & Cox	35,691,330	For
Vanguard	27,608,959	For
HARRIS ASSOCIATES INVESTMENT TRUST	21,310,768	For
BlackRock	20,291,360	For
Fidelity	9,859,880	For
Dimensional	7,144,010	For
Capital Group	3,710,193	For
Brighthouse	2,858,377	For
State Street	2,733,736	For
Bridge Builder Trust	2,200,156	For
TIAA	1,613,304	For
Six Circles Trust	1,488,590	For
JPMorgan	1,267,285	For
INTERNATIONAL GROWTH & INCOME FUND	1,107,514	For
Northwestern Mutual	901,700	For
Equitable	868,491	For
Pacer Funds Trust	826,404	For
Jackson National	676,672	For
MFS	644,011	For
DWS	582,363	For
Putnam	561,675	For
Columbia Threadneedle	401,618	For
AQR	382,776	For
Natixis	367,930	For
American Century	350,374	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

10. Voting Instructions for Motions or Nominations by Shareholders that are not Made Accessible Before the AGM and that are Made or Amended in the Course of the AGM

CORPORATE GOVERNANCE

0.1% fund support · no official result

AGAINST 85%ABSTAIN 15%

The 76 asset managers below cast 0.1% of the shares they voted on this item FOR (87,589 for, 126,957,151 against).

FOR: 87,589 (0.1%)AGAINST: 126,957,151 (84.9%)ABSTAIN: 22,338,261 (14.9%)NOT VOTED: 75,760 (0.1%)

Largest asset managers voting on “Voting Instructions for Motions or Nominations by Shareholders that are not Made Accessible Before the AGM and” at BAYER AG, 2024-2025
Asset manager	Against	Abstain	Vote
Dodge & Cox	35,691,330	0	Against
Vanguard	27,608,959	0	Against
HARRIS ASSOCIATES INVESTMENT TRUST	21,310,768	0	Against
BlackRock	0	20,291,360	Abstain
Fidelity	9,859,880	0	Against
Dimensional	7,144,010	0	Against
Capital Group	3,710,193	0	Against
Brighthouse	2,858,377	0	Against
State Street	2,733,736	0	Against
Bridge Builder Trust	2,147,069	53,087	Against
TIAA	1,613,304	0	Against
Six Circles Trust	0	1,488,590	Abstain
JPMorgan	1,267,285	0	Against
INTERNATIONAL GROWTH & INCOME FUND	1,107,514	0	Against
Northwestern Mutual	901,700	0	Against
Equitable	616,870	251,621	Against
Pacer Funds Trust	826,404	0	Against
Jackson National	676,672	0	Against
MFS	644,011	0	Against
DWS	582,363	0	Against
Putnam	561,675	0	Against
Columbia Threadneedle	401,618	0	Against
AQR	382,776	0	Against
Natixis	367,930	0	Against
American Century	350,374	0	Against

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

11. Approve Creation of EUR 875 Million Pool of Authorized Capital with Preemptive Rights

CAPITAL STRUCTURE

74% fund support · no official result

FOR 74%AGAINST 26%

The 62 asset managers below cast 74% of the shares they voted on this item FOR (104,933,773 for, 36,766,714 against).

FOR: 104,933,773 (74.0%)AGAINST: 36,766,714 (25.9%)NOT VOTED: 75,760 (0.1%)

Largest asset managers voting on “Approve Creation of EUR 875 Million Pool of Authorized Capital with Preemptive Rights” at BAYER AG, 2024-2025
Asset manager	For	Against	Vote
Dodge & Cox	0	35,691,330	Against
Vanguard	27,608,959	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	21,310,768	0	For
BlackRock	20,022,545	0	For
Fidelity	9,859,880	0	For
Dimensional	7,144,010	0	For
Capital Group	3,710,193	0	For
Brighthouse	2,858,377	0	For
State Street	2,733,736	0	For
TIAA	1,613,304	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,107,514	0	For
Northwestern Mutual	0	901,700	Against
Equitable	868,491	0	For
MFS	644,011	0	For
DWS	582,363	0	For
Putnam	561,675	0	For
Columbia Threadneedle	401,618	0	For
AQR	382,776	0	For
American Century	350,374	0	For
Morningstar Funds Trust	319,633	0	For
Northern Trust	309,981	0	For
Lincoln Financial	169,510	0	For
Voya	229,730	0	For
Perpetual Americas Funds Trust	200,000	0	For
Aberdeen	0	173,684	Against

Showing the 25 largest of 62 asset managers. See all 62 in the interactive database.

12. Remuneration Report

COMPENSATION

0.1% fund support · no official result

AGAINST 99.9%

The 17 asset managers below cast 0.1% of the shares they voted on this item FOR (2,131 for, 13,479,986 against).

FOR: 2,131 (0.0%)AGAINST: 13,479,986 (100.0%)

Largest asset managers voting on “Remuneration Report” at BAYER AG, 2024-2025
Asset manager	For	Against	Vote
Charles Schwab	0	5,162,078	Against
Vanguard	0	2,835,271	Against
SEI	0	2,454,365	Against
VanEck ETF Trust	0	1,596,685	Against
Adviser Managed Trust	0	608,951	Against
Russell Investments	0	344,381	Against
Global X	0	116,549	Against
Mercer Funds	0	111,400	Against
Empower	0	84,800	Against
Advisors' Inner Circle Fund III	0	84,185	Against
SEI Exchange Traded Funds	0	61,701	Against
Prudential/PGIM	2,131	16,000	Against
Brighthouse	0	2,181	Against
Hartford	0	918	Against
Northern Lights Fund Trust IV	0	370	Against
PACE SELECT ADVISORS TRUST	0	127	Against
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	0	24	Against

13. Supervisory Board Remuneration Policy

COMPENSATION

100% fund support · no official result

FOR 100%

The 17 asset managers below cast 100% of the shares they voted on this item FOR (13,482,117 for, 0 against).

FOR: 13,482,117 (100.0%)

Largest asset managers voting on “Supervisory Board Remuneration Policy” at BAYER AG, 2024-2025
Asset manager	For	Vote
Charles Schwab	5,162,078	For
Vanguard	2,835,271	For
SEI	2,454,365	For
VanEck ETF Trust	1,596,685	For
Adviser Managed Trust	608,951	For
Russell Investments	344,381	For
Global X	116,549	For
Mercer Funds	111,400	For
Empower	84,800	For
Advisors' Inner Circle Fund III	84,185	For
SEI Exchange Traded Funds	61,701	For
Prudential/PGIM	18,131	For
Brighthouse	2,181	For
Hartford	918	For
Northern Lights Fund Trust IV	370	For
PACE SELECT ADVISORS TRUST	127	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	24	For

14. Additional or Amended Shareholder Proposals

CORPORATE GOVERNANCE

0% fund support · no official result

AGAINST 100%

The 16 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 13,482,093 against).

AGAINST: 13,482,093 (100.0%)

Largest asset managers voting on “Additional or Amended Shareholder Proposals” at BAYER AG, 2024-2025
Asset manager	Against	Vote
Charles Schwab	5,162,078	Against
Vanguard	2,835,271	Against
SEI	2,454,365	Against
VanEck ETF Trust	1,596,685	Against
Adviser Managed Trust	608,951	Against
Russell Investments	344,381	Against
Global X	116,549	Against
Mercer Funds	111,400	Against
Empower	84,800	Against
Advisors' Inner Circle Fund III	84,185	Against
SEI Exchange Traded Funds	61,701	Against
Prudential/PGIM	18,131	Against
Brighthouse	2,181	Against
Hartford	918	Against
Northern Lights Fund Trust IV	370	Against
PACE SELECT ADVISORS TRUST	127	Against

15. Amendments to Articles (Virtual Meeting)

CORPORATE GOVERNANCE

99.9% fund support · no official result

FOR 99.9%

The 16 asset managers below cast 99.9% of the shares they voted on this item FOR (13,478,994 for, 3,099 against).

FOR: 13,478,994 (100.0%)AGAINST: 3,099 (0.0%)

Largest asset managers voting on “Amendments to Articles (Virtual Meeting)” at BAYER AG, 2024-2025
Asset manager	For	Against	Vote
Charles Schwab	5,162,078	0	For
Vanguard	2,835,271	0	For
SEI	2,454,365	0	For
VanEck ETF Trust	1,596,685	0	For
Adviser Managed Trust	608,951	0	For
Russell Investments	344,381	0	For
Global X	116,549	0	For
Mercer Funds	111,400	0	For
Empower	84,800	0	For
Advisors' Inner Circle Fund III	84,185	0	For
SEI Exchange Traded Funds	61,701	0	For
Prudential/PGIM	18,131	0	For
Brighthouse	0	2,181	Against
Hartford	0	918	Against
Northern Lights Fund Trust IV	370	0	For
PACE SELECT ADVISORS TRUST	127	0	For

16. Appointment of Auditor

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 16 asset managers below cast 100% of the shares they voted on this item FOR (13,482,093 for, 0 against).

FOR: 13,482,093 (100.0%)

Largest asset managers voting on “Appointment of Auditor” at BAYER AG, 2024-2025
Asset manager	For	Vote
Charles Schwab	5,162,078	For
Vanguard	2,835,271	For
SEI	2,454,365	For
VanEck ETF Trust	1,596,685	For
Adviser Managed Trust	608,951	For
Russell Investments	344,381	For
Global X	116,549	For
Mercer Funds	111,400	For
Empower	84,800	For
Advisors' Inner Circle Fund III	84,185	For
SEI Exchange Traded Funds	61,701	For
Prudential/PGIM	18,131	For
Brighthouse	2,181	For
Hartford	918	For
Northern Lights Fund Trust IV	370	For
PACE SELECT ADVISORS TRUST	127	For

17. Elect Alberto Weisser as Supervisory Board Member

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 16 asset managers below cast 100% of the shares they voted on this item FOR (13,482,093 for, 0 against).

FOR: 13,482,093 (100.0%)

Largest asset managers voting on “Elect Alberto Weisser as Supervisory Board Member” at BAYER AG, 2024-2025
Asset manager	For	Vote
Charles Schwab	5,162,078	For
Vanguard	2,835,271	For
SEI	2,454,365	For
VanEck ETF Trust	1,596,685	For
Adviser Managed Trust	608,951	For
Russell Investments	344,381	For
Global X	116,549	For
Mercer Funds	111,400	For
Empower	84,800	For
Advisors' Inner Circle Fund III	84,185	For
SEI Exchange Traded Funds	61,701	For
Prudential/PGIM	18,131	For
Brighthouse	2,181	For
Hartford	918	For
Northern Lights Fund Trust IV	370	For
PACE SELECT ADVISORS TRUST	127	For

18. Increase in Authorised Capital

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 16 asset managers below cast 100% of the shares they voted on this item FOR (13,482,093 for, 0 against).

FOR: 13,482,093 (100.0%)

Largest asset managers voting on “Increase in Authorised Capital” at BAYER AG, 2024-2025
Asset manager	For	Vote
Charles Schwab	5,162,078	For
Vanguard	2,835,271	For
SEI	2,454,365	For
VanEck ETF Trust	1,596,685	For
Adviser Managed Trust	608,951	For
Russell Investments	344,381	For
Global X	116,549	For
Mercer Funds	111,400	For
Empower	84,800	For
Advisors' Inner Circle Fund III	84,185	For
SEI Exchange Traded Funds	61,701	For
Prudential/PGIM	18,131	For
Brighthouse	2,181	For
Hartford	918	For
Northern Lights Fund Trust IV	370	For
PACE SELECT ADVISORS TRUST	127	For

19. Presentation of Accounts and Reports; Allocation of Dividends

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 16 asset managers below cast 100% of the shares they voted on this item FOR (13,482,093 for, 0 against).

FOR: 13,482,093 (100.0%)

Largest asset managers voting on “Presentation of Accounts and Reports; Allocation of Dividends” at BAYER AG, 2024-2025
Asset manager	For	Vote
Charles Schwab	5,162,078	For
Vanguard	2,835,271	For
SEI	2,454,365	For
VanEck ETF Trust	1,596,685	For
Adviser Managed Trust	608,951	For
Russell Investments	344,381	For
Global X	116,549	For
Mercer Funds	111,400	For
Empower	84,800	For
Advisors' Inner Circle Fund III	84,185	For
SEI Exchange Traded Funds	61,701	For
Prudential/PGIM	18,131	For
Brighthouse	2,181	For
Hartford	918	For
Northern Lights Fund Trust IV	370	For
PACE SELECT ADVISORS TRUST	127	For

20. Ratification of Management Board Acts

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 16 asset managers below cast 100% of the shares they voted on this item FOR (13,482,093 for, 0 against).

FOR: 13,482,093 (100.0%)

Largest asset managers voting on “Ratification of Management Board Acts” at BAYER AG, 2024-2025
Asset manager	For	Vote
Charles Schwab	5,162,078	For
Vanguard	2,835,271	For
SEI	2,454,365	For
VanEck ETF Trust	1,596,685	For
Adviser Managed Trust	608,951	For
Russell Investments	344,381	For
Global X	116,549	For
Mercer Funds	111,400	For
Empower	84,800	For
Advisors' Inner Circle Fund III	84,185	For
SEI Exchange Traded Funds	61,701	For
Prudential/PGIM	18,131	For
Brighthouse	2,181	For
Hartford	918	For
Northern Lights Fund Trust IV	370	For
PACE SELECT ADVISORS TRUST	127	For

21. Ratification of Supervisory Board Acts

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 16 asset managers below cast 100% of the shares they voted on this item FOR (13,482,093 for, 0 against).

FOR: 13,482,093 (100.0%)

Largest asset managers voting on “Ratification of Supervisory Board Acts” at BAYER AG, 2024-2025
Asset manager	For	Vote
Charles Schwab	5,162,078	For
Vanguard	2,835,271	For
SEI	2,454,365	For
VanEck ETF Trust	1,596,685	For
Adviser Managed Trust	608,951	For
Russell Investments	344,381	For
Global X	116,549	For
Mercer Funds	111,400	For
Empower	84,800	For
Advisors' Inner Circle Fund III	84,185	For
SEI Exchange Traded Funds	61,701	For
Prudential/PGIM	18,131	For
Brighthouse	2,181	For
Hartford	918	For
Northern Lights Fund Trust IV	370	For
PACE SELECT ADVISORS TRUST	127	For

22. APPROVE CREATION OF EUR 875 MILLION POOL OF AUTHORIZED CAPITAL WITH OR WITHOUT EXCLUSION OF PREEMPTIVE RIGHTS

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 15 asset managers below cast 100% of the shares they voted on this item FOR (7,682,514 for, 0 against).

FOR: 7,682,514 (100.0%)

Largest asset managers voting on “APPROVE CREATION OF EUR 875 MILLION POOL OF AUTHORIZED CAPITAL WITH OR WITHOUT EXCLUSION OF PREEMPTIVE RIGHTS” at BAYER AG, 2024-2025
Asset manager	For	Vote
Bridge Builder Trust	2,200,156	For
Six Circles Trust	1,488,590	For
JPMorgan	1,267,285	For
Pacer Funds Trust	826,404	For
Jackson National	676,672	For
Natixis	367,930	For
John Hancock	290,633	For
BlackRock	268,815	For
ADVISORS SERIES TRUST	79,748	For
Investment Managers Series Trust	75,000	For
Allianz	71,659	For
WILSHIRE MUTUAL FUNDS INC	29,263	For
GPS Funds I	25,211	For
ARBITRAGE FUNDS	12,589	For
RBB FUND, INC.	2,559	For

23. Resolution on the compensation of the members of the Supervisory Board

COMPENSATION

77% fund support · no official result

FOR 77%AGAINST 23%

The 7 asset managers below cast 77% of the shares they voted on this item FOR (21,295 for, 6,350 against).

FOR: 21,295 (77.0%)AGAINST: 6,350 (23.0%)

Largest asset managers voting on “Resolution on the compensation of the members of the Supervisory Board” at BAYER AG, 2024-2025
Asset manager	For	Against	Vote
CITY NATIONAL ROCHDALE FUNDS	13,951	0	For
Ultimus Managers Trust	0	5,250	Against
Janney Montgomery Scott LLC	4,334	0	For
Pacer Funds Trust	2,764	0	For
Rodgers Brothers Inc.	0	1,100	Against
Summit Trail Advisors, LLC	233	0	For
EXENCIAL WEALTH ADVISORS, LLC	13	0	For

24. Election of the auditor for the annual financial statements and of the auditor for the review of the half-year and interim financial reports, if applicable

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (21,965 for, 0 against).

FOR: 21,965 (100.0%)

Largest asset managers voting on “Election of the auditor for the annual financial statements and of the auditor for the review of the half-year” at BAYER AG, 2024-2025
Asset manager	For	Vote
CITY NATIONAL ROCHDALE FUNDS	13,951	For
Ultimus Managers Trust	5,250	For
Pacer Funds Trust	2,764	For

25. Supervisory Board election - Alberto Weisser

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (21,965 for, 0 against).

FOR: 21,965 (100.0%)

Largest asset managers voting on “Supervisory Board election - Alberto Weisser” at BAYER AG, 2024-2025
Asset manager	For	Vote
CITY NATIONAL ROCHDALE FUNDS	13,951	For
Ultimus Managers Trust	5,250	For
Pacer Funds Trust	2,764	For

26. With regard to motions and election proposals by stockholders which are not to be made available before the Annual Stockholders' Meeting and which are only submitted or amended during the Annual Stockholders' Meeting, I/we vote as follows or I/we give the following instructions, unless I/we vote or give instructions differently elsewhere:

OTHER

0% fund support · no official result

AGAINST 76%ABSTAIN 24%

The 3 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 16,715 against).

AGAINST: 16,715 (76.1%)ABSTAIN: 5,250 (23.9%)

Largest asset managers voting on “With regard to motions and election proposals by stockholders which are not to be made available before the An” at BAYER AG, 2024-2025
Asset manager	Against	Abstain	Vote
CITY NATIONAL ROCHDALE FUNDS	13,951	0	Against
Ultimus Managers Trust	0	5,250	Abstain
Pacer Funds Trust	2,764	0	Against

27. Advisory Vote to Ratify Named Executive Officers' Compensation

COMPENSATION

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (331,565 for, 0 against).

FOR: 331,565 (100.0%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at BAYER AG, 2024-2025
Asset manager	For	Vote
TD ASSET MANAGEMENT INC	315,553	For
Regime de rentes du Mouvement Desjardins	13,707	For
TD Waterhouse Canada Inc.	2,305	For

28. Remuneration of the Supervisory Board members

COMPENSATION

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (200 for, 0 against).

FOR: 200 (100.0%)

Largest asset managers voting on “Remuneration of the Supervisory Board members” at BAYER AG, 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Janney Montgomery Scott LLC	200	0	0	0	For
TLS Advisors LLC	0	0	0	0	--

29. Creation of Authorized Capital 2025 with the option to disapply subscription rights and amendment of Article 4, Paragraph 2 of the Articles of Incorporation

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (16,715 for, 0 against).

FOR: 16,715 (100.0%)

Largest asset managers voting on “Creation of Authorized Capital 2025 with the option to disapply subscription rights and amendment of Article 4” at BAYER AG, 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
CITY NATIONAL ROCHDALE FUNDS	13,951	0	0	0	For
Pacer Funds Trust	2,764	0	0	0	For

30. Presentation of the adopted annual financial statements and the approved consolidated financial statements, the combined management report for Bayer Aktiengesellschaft and the Bayer Group, the report of the Supervisory Board and the proposal by the Board of Management on the use of the distributable profit for the fiscal year 2024, and resolution on the use of the distributable profit

OTHER

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (16,715 for, 0 against).

FOR: 16,715 (100.0%)

Largest asset managers voting on “Presentation of the adopted annual financial statements and the approved consolidated financial statements, th” at BAYER AG, 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
CITY NATIONAL ROCHDALE FUNDS	13,951	0	0	0	For
Pacer Funds Trust	2,764	0	0	0	For

31. Resolution on ratification of the actions of the members of the Board of Management

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (16,715 for, 0 against).

FOR: 16,715 (100.0%)

Largest asset managers voting on “Resolution on ratification of the actions of the members of the Board of Management” at BAYER AG, 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
CITY NATIONAL ROCHDALE FUNDS	13,951	0	0	0	For
Pacer Funds Trust	2,764	0	0	0	For

32. Resolution on ratification of the actions of the members of the Supervisory Board

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (16,715 for, 0 against).

FOR: 16,715 (100.0%)

Largest asset managers voting on “Resolution on ratification of the actions of the members of the Supervisory Board” at BAYER AG, 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
CITY NATIONAL ROCHDALE FUNDS	13,951	0	0	0	For
Pacer Funds Trust	2,764	0	0	0	For

33. Resolution on renewed authorization of the Board of Management to provide for the holding of virtual Annual Stockholders' Meetings (amendment of Article 2 of the Articles of Incorporation)

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (16,715 for, 0 against).

FOR: 16,715 (100.0%)

Largest asset managers voting on “Resolution on renewed authorization of the Board of Management to provide for the holding of virtual Annual St” at BAYER AG, 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
CITY NATIONAL ROCHDALE FUNDS	13,951	0	0	0	For
Pacer Funds Trust	2,764	0	0	0	For

34. Resolution on the approval of the remuneration report

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (999,741 for, 0 against).

FOR: 999,741 (100.0%)

Largest asset managers voting on “Resolution on the approval of the remuneration report” at BAYER AG, 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Union Investment Privatfonds GmbH	930,518	0	0	0	For
Union Investment Institutional GmbH	69,223	0	0	0	For

35. Resolution on the remuneration of Supervisory Board members

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (999,741 for, 0 against).

FOR: 999,741 (100.0%)

Largest asset managers voting on “Resolution on the remuneration of Supervisory Board members” at BAYER AG, 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Union Investment Privatfonds GmbH	930,518	0	0	0	For
Union Investment Institutional GmbH	69,223	0	0	0	For

Largest BAYER AG shareholders voting in 2024-2025

Ranked by the number of BAYER AG shares each manager voted on the most widely held ballot item of the 2024-2025 meeting.

Top BAYER AG shareholders by shares voted, 2024-2025
#	Asset manager	Shares voted
1	EAGLE CAPITAL MANAGEMENT LLC	73,561,523
2	2023 ETF Series Trust	8,495,935
3	BlackRock	2,158,137
4	LOEWS CORP	2,000,000
5	PNC BANK, NATIONAL ASSOCIATION	1,228,705
6	FOUNDATION RESOURCE MANAGEMENT INC	1,113,345
7	Northern Trust	918,225
8	AMG National Trust Bank	316,020
9	PRIVATE MANAGEMENT GROUP INC	219,266
10	ADVISOR PARTNERS II, LLC	125,685

Shown as share counts, not percentages: no shares-outstanding figure has been matched to BAYER AG for the 2024-2025 season, so there is no denominator to divide by.

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. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At BAYER AG's shareholder meeting held 2025-04-25, in the 2024-2025 proxy season, 214 asset managers reported how they voted in their SEC Form N-PX filings, covering 2,688 separate fund positions. Their filings are grouped here into 35 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Resolution on the approval of the Compensation Report — the reporting funds cast 97% of the shares they voted in favour (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). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

BAYER AG proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.