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Home › Companies › CALUMET INC. › 2024-2025

CALUMET INC. 2024-2025 Proxy Voting Records

At CALUMET INC.'s shareholder meeting held June 10, 2025, in the 2024-2025 proxy season, 86 asset managers reported how they voted in their SEC Form N-PX filings, covering 420 separate fund positions. Their filings are grouped here into 7 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 — To approve, on a non-binding, advisory basis, the compensation of the Company's named executive… — CALUMET INC.'s filing reports the proposal as approved, with 98% 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: CALUMET INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on June 16, 2025.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings and CALUMET INC.’s Form 8-K, filed June 16, 2025 (Item 5.07 on EDGAR). Page generated November 8, 2026.

  • 7Reported items
  • 86Asset managers
  • 420Fund votes
  • June 10, 2025Meeting date

Results at a glance

Meeting of June 10, 2025: 6 items on CALUMET INC.’s Form 8-K, filed June 16, 2025: 2 approved · 4 without a stated outcome.

Material dissent

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

Proxy season: 2024-2025 2025-2026

Explore CALUMET INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by CALUMET INC.

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

CALUMET INC. — official shareholder meeting results, meeting held June 10, 2025
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: John ("Jack") G. Boss 41,616,233---- 391,68725,991,156 99.0%Not verified—
Elect Director: Stephen P. Mawer 41,505,100---- 502,82025,991,156 99%Not verified—
Elect Director: Karen Narwold 41,611,291---- 396,62925,991,156 99.0%Not verified—
Elect Director: Julio Quintana 41,615,602---- 392,31825,991,156 99.0%Not verified—
2. Advisory Vote to Approve Executive Compensation 40,897,636851,240259,044 --25,991,156 98%Approved—
4. Ratification of the Selection of Independent Registered Public Accounting Firm 67,570,344193,850234,882 ---- 99.7%Approved—

Source: CALUMET INC., Form 8-K, filed with the SEC on June 16, 2025 — read the filing on EDGAR.

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

Each item below shows how the 86 asset managers that disclosed a CALUMET 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 CALUMET 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. Elect Director: John ("Jack") G. Boss

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%
FOR: 41,616,233WITHHELD: 391,687
Details: description as filed, official tally, votes by 14 asset managers

Description as filed by funds: Election of Class I Director Nominees: John ("Jack") G. Boss

CALUMET INC.’s own tally for this item (“Elect Director: John ("Jack") G. Boss”): 41,616,233 for, 391,687 withheld, per its Form 8-K filed June 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: 99.0% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 14 asset managers below reported 4,645,799 for.

FOR
FOR: 4,645,799
Largest asset managers voting on “Election of Class I Director Nominees: John ("Jack") G. Boss” at CALUMET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard3,800,2890 00For
Charles Schwab399,7220 00For
Fidelity239,6330 00For
State Street73,4710 00For
Direxion Shares ETF Trust36,4140 00For
BlackRock29,8830 00For
Northern Lights Fund Trust IV26,3200 00For
JPMorgan24,2790 00For
Victory Capital8,1630 00For
Goldman Sachs6,9280 00For
MARCO INVESTMENT MANAGEMENT LLC4000 00For
Invesco2240 00For
Northern Trust520 00For
American Century210 00For

2. Elect Director: Julio Quintana

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%
FOR: 41,615,602WITHHELD: 392,318
Details: description as filed, official tally, votes by 14 asset managers

Description as filed by funds: Election of Class I Director Nominees: Julio Quintana

CALUMET INC.’s own tally for this item (“Elect Director: Julio Quintana”): 41,615,602 for, 392,318 withheld, per its Form 8-K filed June 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: 99.0% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 14 asset managers below reported 4,645,799 for.

FOR
FOR: 4,645,799
Largest asset managers voting on “Election of Class I Director Nominees: Julio Quintana” at CALUMET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard3,800,2890 00For
Charles Schwab399,7220 00For
Fidelity239,6330 00For
State Street73,4710 00For
Direxion Shares ETF Trust36,4140 00For
BlackRock29,8830 00For
Northern Lights Fund Trust IV26,3200 00For
JPMorgan24,2790 00For
Victory Capital8,1630 00For
Goldman Sachs6,9280 00For
MARCO INVESTMENT MANAGEMENT LLC4000 00For
Invesco2240 00For
Northern Trust520 00For
American Century210 00For

3. Elect Director: Karen Narwold

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%
FOR: 41,611,291WITHHELD: 396,629
Details: description as filed, official tally, votes by 14 asset managers

Description as filed by funds: Election of Class I Director Nominees: Karen Narwold

CALUMET INC.’s own tally for this item (“Elect Director: Karen Narwold”): 41,611,291 for, 396,629 withheld, per its Form 8-K filed June 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: 99.0% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 14 asset managers below reported 4,645,575 for, 224 withheld.

FOR
FOR: 4,645,575WITHHOLD: 224
Largest asset managers voting on “Election of Class I Director Nominees: Karen Narwold” at CALUMET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard3,800,2890 00For
Charles Schwab399,7220 00For
Fidelity239,6330 00For
State Street73,4710 00For
Direxion Shares ETF Trust36,4140 00For
BlackRock29,8830 00For
Northern Lights Fund Trust IV26,3200 00For
JPMorgan24,2790 00For
Victory Capital8,1630 00For
Goldman Sachs6,9280 00For
MARCO INVESTMENT MANAGEMENT LLC4000 00For
Invesco00 0224Withhold
Northern Trust520 00For
American Century210 00For

4. Elect Director: Stephen P. Mawer

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 41,505,100WITHHELD: 502,820
Details: description as filed, official tally, votes by 14 asset managers

Description as filed by funds: Election of Class I Director Nominees: Stephen P. Mawer

CALUMET INC.’s own tally for this item (“Elect Director: Stephen P. Mawer”): 41,505,100 for, 502,820 withheld, per its Form 8-K filed June 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: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 14 asset managers below reported 4,572,904 for, 72,895 withheld.

FOR
FOR: 4,572,904WITHHOLD: 72,895
Largest asset managers voting on “Election of Class I Director Nominees: Stephen P. Mawer” at CALUMET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard3,800,2890 00For
Charles Schwab399,7220 00For
Fidelity239,6330 00For
State Street5760 072,895Withhold
Direxion Shares ETF Trust36,4140 00For
BlackRock29,8830 00For
Northern Lights Fund Trust IV26,3200 00For
JPMorgan24,2790 00For
Victory Capital8,1630 00For
Goldman Sachs6,9280 00For
MARCO INVESTMENT MANAGEMENT LLC4000 00For
Invesco2240 00For
Northern Trust520 00For
American Century210 00For

5. Advisory Vote to Approve Executive Compensation

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 4 wordings of this item as funds reported it.

98% Approved · of votes cast

FOR 98%
FOR: 40,897,636AGAINST: 851,240
Details: description as filed, official tally, votes by 85 asset managers

Description as filed by funds: To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers.

CALUMET INC.’s own tally for this item (“2. Advisory Vote to Approve Executive Compensation”): 40,897,636 for, 851,240 against — passed, per its Form 8-K filed June 16, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal No. 2 - Advisory Vote to Approve Executive Compensation The Company's stockholders approved, on a non-binding, advisory basis, the Company's executive compensation.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of CALUMET INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Advisory Vote to Ratify Named Executive Officers' Compensation” (2 managers, 28,950 for).

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).

Fund voting reports: 13 asset managers voting on “To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers.” at CALUMET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard3,800,2890 00For
Charles Schwab399,7220 00For
Fidelity239,6330 00For
State Street73,4710 00For
Direxion Shares ETF Trust36,4140 00For
BlackRock29,8830 00For
Northern Lights Fund Trust IV26,3200 00For
JPMorgan24,2790 00For
Victory Capital8,1630 00For
Goldman Sachs6,9280 00For
Invesco2240 00For
Northern Trust520 00For
American Century210 00For

Fund voting reports, all 13 managers: 4,645,399 for.

Institutional-manager reports: 77 asset managers voting on “To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers.” at CALUMET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Two Seas Capital LP2,733,3150 00For
Knott David M Jr1,166,4700 00For
BlackRock1,012,9880 00For
GARNET EQUITY CAPITAL HOLDINGS, INC.607,0000 00For
Alta Fundamental Advisers LLC459,9370 00For
Charles Schwab399,7230 00For
GEODE CAPITAL MANAGEMENT, LLC305,7460 00For
MARSHALL WACE, LLP259,2220 00For
RBC Capital Markets, LLC248,0030 00For
Barnett & Company, Inc.232,0150 00For
Rangeley Capital, LLC226,4680 00For
State Street127,9240 00For
Vanguard126,2470 00For
Hudson Bay Capital Management LP119,2960 00For
Northern Trust100,4790 00For
Freestone Grove Partners LP84,1700 00For
Linscomb Wealth, Inc.55,8890 00For
UBS55,3630 00For
BROWN ADVISORY INC50,0000 00For
Legal & General Investment Management Ltd44,5620 00For
Focus Partners Wealth043,937 00Against
ARISTEIA CAPITAL, L.L.C.41,2290 00For
Corient Private Wealth LLC36,6250 00For
Rafferty Asset Management, LLC36,4140 00For
BALYASNY ASSET MANAGEMENT L.P.32,1380 00For

Institutional-manager reports, all 77 managers: 8,767,719 for, 43,937 against, 15,864 abstained. Showing the 25 largest; every one is in the interactive database (link above).

6. To vote, on a non-binding, advisory basis, on the frequency of future stockholder advisory votes to approve the…

Combines 3 wordings of this item as funds reported it.

100% Fund and manager reports combined; may count the same shares twice · no official result

1 YEARUNKNOWN
Details: description as filed, votes by 79 asset managers

Description as filed by funds: To vote, on a non-binding, advisory basis, on the frequency of future stockholder advisory votes to approve the compensation of the Company's named executive officers.

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). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 13 asset managers voting on “To vote, on a non-binding, advisory basis, on the frequency of future stockholder advisory votes to approve th” at CALUMET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard00 00--
Charles Schwab00 00--
Fidelity00 00--
State Street00 00--
Direxion Shares ETF Trust00 00--
BlackRock00 00--
Northern Lights Fund Trust IV00 00--
JPMorgan00 00--
Victory Capital00 00--
Goldman Sachs00 00--
Invesco00 00--
Northern Trust00 00--
American Century00 00--

Fund voting reports, all 13 managers: 4,645,399 1 year.

Institutional-manager reports: 70 asset managers voting on “To vote, on a non-binding, advisory basis, on the frequency of future stockholder advisory votes to approve th” at CALUMET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Two Seas Capital LP00 00--
Knott David M Jr00 00--
BlackRock00 00--
GARNET EQUITY CAPITAL HOLDINGS, INC.00 00--
Charles Schwab00 00--
GEODE CAPITAL MANAGEMENT, LLC00 00--
MARSHALL WACE, LLP00 00--
RBC Capital Markets, LLC00 00--
Barnett & Company, Inc.00 00--
State Street00 00--
Vanguard00 00--
Hudson Bay Capital Management LP00 00--
Northern Trust00 00--
Freestone Grove Partners LP00 00--
Linscomb Wealth, Inc.00 00--
UBS00 00--
BROWN ADVISORY INC00 00--
Legal & General Investment Management Ltd00 00--
ARISTEIA CAPITAL, L.L.C.00 00--
Corient Private Wealth LLC00 00--
Rafferty Asset Management, LLC00 00--
BALYASNY ASSET MANAGEMENT L.P.00 00--
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM00 00--
LANDSCAPE CAPITAL MANAGEMENT, L.L.C.00 00--
Fisher Asset Management, LLC00 00--

Institutional-manager reports, all 70 managers: 4,857 for, 5,321,761 1 year, 2,733,315 unknown, 5,925 3 year, 1,400 2 year. Showing the 25 largest; every one is in the interactive database (link above).

7. Ratification of the Selection of Independent Registered Public Accounting Firm

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 2 wordings of this item as funds reported it.

99.7% Approved · of votes cast

FOR 99.7%
FOR: 67,570,344AGAINST: 193,850
Details: description as filed, official tally, votes by 15 asset managers

Description as filed by funds: To ratify the selection of Grant Thornton LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025.

CALUMET INC.’s own tally for this item (“4. Ratification of the Selection of Independent Registered Public Accounting Firm”): 67,570,344 for, 193,850 against — passed, per its Form 8-K filed June 16, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal No. 4 - Ratification of the Selection of Independent Registered Public Accounting Firm The Company's stockholders ratified the selection of Grant Thornton LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025.”
Support: 99.7% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 15 asset managers below reported 4,645,799 for.

FOR
FOR: 4,645,799
Largest asset managers voting on “To ratify the selection of Grant Thornton LLP as the Company's independent registered public accounting firm f” at CALUMET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard3,800,2890 00For
Charles Schwab399,7220 00For
Fidelity239,6330 00For
State Street73,4710 00For
Direxion Shares ETF Trust36,4140 00For
BlackRock29,8830 00For
Northern Lights Fund Trust IV26,3200 00For
JPMorgan24,2790 00For
Victory Capital8,1630 00For
Goldman Sachs6,9280 00For
MARCO INVESTMENT MANAGEMENT LLC4000 00For
Invesco2240 00For
Northern Trust520 00For
American Century210 00For
Family Firm, Inc.00 00--

Largest CALUMET INC. shareholders voting in 2024-2025

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 86,621,470 shares outstanding at the time of that meeting.

Fund voting reports: top CALUMET INC. shareholders by shares voted on “To approve, on a non-binding, advisory basis, the compensation of the Company's named executive…”, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 4.39%
2Charles Schwab 0.46%
3Fidelity 0.28%
4State Street 0.08%
5Direxion Shares ETF Trust 0.04%
6BlackRock 0.03%
7Northern Lights Fund Trust IV 0.03%
8JPMorgan 0.03%
9Victory Capital <0.01%
10Goldman Sachs <0.01%
Institutional-manager reports: top CALUMET INC. shareholders by shares voted on “To approve, on a non-binding, advisory basis, the compensation of the Company's named executive…”, 2024-2025
#Asset manager % of shares outstanding
1Two Seas Capital LP 3.16%
2Knott David M Jr 1.35%
3BlackRock 1.17%
4GARNET EQUITY CAPITAL HOLDINGS, INC. 0.70%
5Alta Fundamental Advisers LLC 0.53%
6Charles Schwab 0.46%
7GEODE CAPITAL MANAGEMENT, LLC 0.35%
8MARSHALL WACE, LLP 0.30%
9RBC Capital Markets, LLC 0.29%
10Barnett & Company, Inc. 0.27%

Reported CALUMET INC. holdings and ownership

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.

CALUMET INC. holdings and ownership disclosed for the 2024-2025 proxy season
Holder % outstanding Disclosure
The Heritage Group 16.77% 13D
Two Seas Capital LP 9.35% 13G
Rajay Bagaria 6.97% 13G
Bagaria Rajay 6.97% 13G
Adams Asset Advisors, LLC 4.69% 13G
Vanguard Group 4.44% 13F
State Street 2.17% 13F
Millennium Management 1.94% 13F
BlackRock 1.65% 13F
Citadel Advisors 1.05% 13F

Percentages above are of 86,621,470 shares outstanding, as reported by CALUMET INC. on its Form 10-Q dated March 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

Related

About this page

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 CALUMET INC.’s 10-Q dated March 31, 2025. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

CALUMET INC. proxy season coverage: 2024-2025 (this page) · 2025-2026.

Cite this page

proxyvotesnow.com, “CALUMET (CLMT) 2025 Annual Meeting: Vote Results & How Funds Voted”, https://proxyvotesnow.com/company/calumet-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.