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CATERPILLAR INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and CATERPILLAR INC.’s Form 8-K, filed 2025-06-12 (Item 5.07 on EDGAR). Page generated 02 October 2026.

42Reported items
1,438Asset managers
16,354Fund votes
2025-06-11Meeting date

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

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

Official 2024-2025 meeting results reported by CATERPILLAR INC.

These tallies are CATERPILLAR INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-06-12 (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.

CATERPILLAR INC. — official shareholder meeting results, meeting held 2025-06-11
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Joseph E. Creed	318,498,347	1,753,464	864,959	--	74,527,213	Majority: yes
Elect Director: James C. Fish, Jr.	308,046,737	12,057,097	1,012,936	--	74,527,213	Majority: yes
Elect Director: Gerald Johnson	316,575,390	3,516,392	1,024,988	--	74,527,213	Majority: yes
Elect Director: Nazzic S. Keene	316,828,348	3,280,237	1,008,185	--	74,527,213	Majority: yes
Elect Director: David W. MacLennan	313,226,737	6,873,015	1,017,018	--	74,527,213	Majority: yes
Elect Director: Judith F. Marks	317,273,666	2,901,893	941,211	--	74,527,213	Majority: yes
Elect Director: Debra L. Reed-Klages	314,101,093	6,111,342	904,335	--	74,527,213	Majority: yes
Elect Director: Susan C. Schwab	310,548,816	9,507,307	1,060,647	--	74,527,213	Majority: yes
Elect Director: D. James Umpleby III	311,270,374	8,959,498	886,898	--	74,527,213	Majority: yes
Elect Director: Rayford Wilkins, Jr.	312,193,808	7,701,856	1,221,106	--	74,527,213	Majority: yes
Proposal 4 - Shareholder Proposal - Civil Rights Audit The proposal requesting that the Board of Directors commission and oversee a civil rights audit was not approved based on the following vote:	34,783,167	282,110,451	4,223,152	--	74,527,213	Majority: no

Source: CATERPILLAR INC., Form 8-K, filed with the SEC on 2025-06-12 — read the filing on EDGAR.

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

Each item below shows how the 1,438 asset managers that disclosed a CATERPILLAR 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 CATERPILLAR 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

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

Combines 2 wordings of this item as funds reported it.

96% fund support · no official result

FOR 96%

The 1,300 asset managers below cast 96% of the shares they voted on this item FOR (250,171,177 for, 9,738,479 against).

FOR: 250,171,177 (96.2%)AGAINST: 9,738,479 (3.7%)ABSTAIN: 25,947 (0.0%)NOT VOTED: 23,677 (0.0%)0: 4,322 (0.0%)UNKNOWN: 73 (0.0%)

Largest asset managers voting on “Advisory vote to Approve Named Executive Officer Compensation” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	48,637,639	36	3	For
BlackRock	27,726,630	2,499	0	For
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	17,669,440	0	0	For
State Street	16,939,047	0	0	For
Capital Group	12,545,750	0	0	For
Fidelity	10,786,176	0	0	For
GEODE CAPITAL MANAGEMENT, LLC	10,530,088	0	0	For
Fisher Asset Management, LLC	8,659,918	0	0	For
Charles Schwab	6,173,150	0	0	For
Northern Trust	5,780,439	0	0	For
Invesco	5,014,114	0	0	For
Capital Research Global Investors	3,837,499	0	0	For
Nuveen	2,451,770	0	0	For
UBS	2,398,400	15,716	0	For
LGIM Singapore PTE Ltd	0	2,249,732	0	Against
TIAA	2,202,197	0	0	For
MELLON INVESTMENTS Corp	2,178,406	0	0	For
T. Rowe Price	2,043,938	13,887	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	1,870,042	0	0	For
Legal & General Investment Management Ltd	55,594	1,786,245	0	Against
Neuberger Berman	1,437,392	0	0	For
PRIMECAP MANAGEMENT CO/CA/	1,360,145	0	0	For
Pacer Funds Trust	1,350,950	0	0	For
Sumitomo Mitsui Trust Asset Management Co., Ltd.	1,304,642	0	0	For
Mitsubishi UFJ Asset Management Co., Ltd.	1,207,728	0	0	For

Showing the 25 largest of 1,300 asset managers. See all 1,300 in the interactive database.

2. Shareholder Proposal - Civil Rights Audit

DIVERSITY, EQUITY, AND INCLUSIONMajority of the votes cast: no

Meeting held 2025-06-11.

Combines 9 wordings of this item as funds reported it.

11% Majority: no · of votes cast

11%AGAINST 89%

FOR: 34,783,167AGAINST: 282,110,451

CATERPILLAR INC.’s own tally for this item (“Proposal 4 - Shareholder Proposal - Civil Rights Audit The proposal requesting that the Board of Directors commission and oversee a civil rights audit was not approved based on the following vote:”): 34,783,167 for, 282,110,451 against, per its Form 8-K filed 2025-06-12 (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 471,000,000 outstanding shares: 7% for, 60% against (67% of the company cast a for/against vote).

The 205 asset managers below cast 2% of the shares they voted on this item FOR (2,099,154 for, 102,360,305 against).

AGAINST 97%

FOR: 2,099,154 (2.0%)AGAINST: 102,360,305 (97.1%)ABSTAIN: 939,875 (0.9%)UNKNOWN: 563 (0.0%)NOT VOTED: 250 (0.0%)

Largest asset managers voting on “Shareholder Proposal - Civil Rights Audit” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	16,748	45,744,070	9	Against
BlackRock	9,631	13,409,075	0	Against
Fidelity	0	9,858,531	0	Against
Capital Group	0	7,867,944	0	Against
State Street	1,676	4,153,133	0	Against
Charles Schwab	0	2,876,873	0	Against
Invesco	0	2,266,635	0	Against
TIAA	0	2,180,933	0	Against
Pacer Funds Trust	0	1,350,950	0	Against
Advisers Investment Trust	1,156,521	0	0	For
JPMorgan	0	796,742	0	Against
MASTER INVESTMENT PORTFOLIO	0	783,064	0	Against
Amplify ETF Trust	0	694,831	0	Against
ProShares	0	628,863	0	Against
Columbia Threadneedle	0	0	595,480	Abstain
American Century	0	586,107	0	Against
Thrivent	0	497,306	0	Against
Neuberger Berman	0	464,233	0	Against
Jackson National	0	444,111	0	Against
T. Rowe Price	0	415,634	0	Against
First Trust	0	412,064	0	Against
DIAMOND HILL FUNDS	0	411,538	0	Against
Prudential/PGIM	0	399,914	0	Against
Equitable	5,213	364,272	0	Against
DWS	0	317,018	0	Against

Showing the 25 largest of 205 asset managers. See all 205 in the interactive database.

3. Election of Directors: Joseph E. Creed

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%

FOR: 318,498,347AGAINST: 1,753,464

CATERPILLAR INC.’s own tally for this item (“Elect Director: Joseph E. Creed”): 318,498,347 for, 1,753,464 against, per its Form 8-K filed 2025-06-12 (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 471,000,000 outstanding shares: 68% for, 0.4% against (68% of the company cast a for/against vote).

The 201 asset managers below cast 99.9% of the shares they voted on this item FOR (105,368,590 for, 11,335 against).

FOR 99.9%

FOR: 105,368,590 (100.0%)AGAINST: 11,335 (0.0%)ABSTAIN: 17,441 (0.0%)NOT VOTED: 250 (0.0%)UNKNOWN: 73 (0.0%)

Largest asset managers voting on “Election of Directors: Joseph E. Creed” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	45,760,823	3	1	For
BlackRock	13,418,706	0	0	For
Fidelity	9,858,531	0	0	For
Capital Group	7,867,944	0	0	For
State Street	4,154,809	0	0	For
Charles Schwab	2,876,873	0	0	For
Invesco	2,266,635	0	0	For
TIAA	2,180,933	0	0	For
Pacer Funds Trust	1,350,950	0	0	For
Advisers Investment Trust	1,156,521	0	0	For
JPMorgan	796,742	0	0	For
MASTER INVESTMENT PORTFOLIO	783,064	0	0	For
Amplify ETF Trust	694,831	0	0	For
ProShares	628,863	0	0	For
Columbia Threadneedle	595,480	0	0	For
American Century	586,107	0	0	For
Thrivent	497,306	0	0	For
Neuberger Berman	464,233	0	0	For
Jackson National	444,111	0	0	For
T. Rowe Price	415,634	0	0	For
First Trust	412,064	0	0	For
DIAMOND HILL FUNDS	411,538	0	0	For
Prudential/PGIM	399,914	0	0	For
Equitable	369,485	0	0	For
DWS	317,018	0	0	For

Showing the 25 largest of 201 asset managers. See all 201 in the interactive database.

4. Election of Directors: James C. Fish, Jr.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 6 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 308,046,737AGAINST: 12,057,097

CATERPILLAR INC.’s own tally for this item (“Elect Director: James C. Fish, Jr.”): 308,046,737 for, 12,057,097 against, per its Form 8-K filed 2025-06-12 (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 471,000,000 outstanding shares: 65% for, 3% against (68% of the company cast a for/against vote).

The 201 asset managers below cast 99.8% of the shares they voted on this item FOR (105,185,280 for, 194,640 against).

FOR 99.7%

FOR: 105,185,280 (99.8%)AGAINST: 194,640 (0.2%)ABSTAIN: 17,445 (0.0%)NOT VOTED: 250 (0.0%)UNKNOWN: 73 (0.0%)

Largest asset managers voting on “Election of Directors: James C. Fish, Jr.” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	45,760,801	24	1	For
BlackRock	13,405,952	12,754	0	For
Fidelity	9,858,531	0	0	For
Capital Group	7,867,944	0	0	For
State Street	4,153,238	1,571	0	For
Charles Schwab	2,876,873	0	0	For
Invesco	2,266,635	0	0	For
TIAA	2,180,933	0	0	For
Pacer Funds Trust	1,350,950	0	0	For
Advisers Investment Trust	1,156,521	0	0	For
JPMorgan	796,742	0	0	For
MASTER INVESTMENT PORTFOLIO	783,064	0	0	For
Amplify ETF Trust	694,831	0	0	For
ProShares	628,863	0	0	For
Columbia Threadneedle	595,480	0	0	For
American Century	586,107	0	0	For
Thrivent	497,306	0	0	For
Neuberger Berman	464,233	0	0	For
Jackson National	444,111	0	0	For
T. Rowe Price	415,634	0	0	For
First Trust	412,064	0	0	For
DIAMOND HILL FUNDS	411,538	0	0	For
Prudential/PGIM	399,914	0	0	For
Equitable	369,485	0	0	For
DWS	317,018	0	0	For

Showing the 25 largest of 201 asset managers. See all 201 in the interactive database.

5. Election of Directors: Gerald Johnson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 316,575,390AGAINST: 3,516,392

CATERPILLAR INC.’s own tally for this item (“Elect Director: Gerald Johnson”): 316,575,390 for, 3,516,392 against, per its Form 8-K filed 2025-06-12 (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 471,000,000 outstanding shares: 67% for, 0.8% against (68% of the company cast a for/against vote).

The 201 asset managers below cast 99.9% of the shares they voted on this item FOR (105,363,494 for, 16,425 against).

FOR 99.9%

FOR: 105,363,494 (100.0%)AGAINST: 16,425 (0.0%)ABSTAIN: 17,446 (0.0%)NOT VOTED: 250 (0.0%)UNKNOWN: 73 (0.0%)

Largest asset managers voting on “Election of Directors: Gerald Johnson” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	45,760,820	5	1	For
BlackRock	13,415,583	3,123	0	For
Fidelity	9,858,531	0	0	For
Capital Group	7,867,944	0	0	For
State Street	4,154,809	0	0	For
Charles Schwab	2,876,873	0	0	For
Invesco	2,266,635	0	0	For
TIAA	2,180,933	0	0	For
Pacer Funds Trust	1,350,950	0	0	For
Advisers Investment Trust	1,156,521	0	0	For
JPMorgan	796,742	0	0	For
MASTER INVESTMENT PORTFOLIO	783,064	0	0	For
Amplify ETF Trust	694,831	0	0	For
ProShares	628,863	0	0	For
Columbia Threadneedle	595,480	0	0	For
American Century	586,107	0	0	For
Thrivent	497,306	0	0	For
Neuberger Berman	464,233	0	0	For
Jackson National	444,111	0	0	For
T. Rowe Price	415,634	0	0	For
First Trust	412,064	0	0	For
DIAMOND HILL FUNDS	411,538	0	0	For
Prudential/PGIM	399,914	0	0	For
Equitable	369,485	0	0	For
DWS	317,018	0	0	For

Showing the 25 largest of 201 asset managers. See all 201 in the interactive database.

6. Election of Directors: Nazzic S. Keene

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 316,828,348AGAINST: 3,280,237

CATERPILLAR INC.’s own tally for this item (“Elect Director: Nazzic S. Keene”): 316,828,348 for, 3,280,237 against, per its Form 8-K filed 2025-06-12 (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 471,000,000 outstanding shares: 67% for, 0.7% against (68% of the company cast a for/against vote).

The 201 asset managers below cast 99.9% of the shares they voted on this item FOR (105,348,080 for, 31,841 against).

FOR 99.9%

FOR: 105,348,080 (100.0%)AGAINST: 31,841 (0.0%)ABSTAIN: 17,445 (0.0%)NOT VOTED: 250 (0.0%)UNKNOWN: 73 (0.0%)

Largest asset managers voting on “Election of Directors: Nazzic S. Keene” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	45,760,820	6	1	For
BlackRock	13,418,706	0	0	For
Fidelity	9,858,531	0	0	For
Capital Group	7,867,944	0	0	For
State Street	4,154,809	0	0	For
Charles Schwab	2,876,873	0	0	For
Invesco	2,266,635	0	0	For
TIAA	2,180,933	0	0	For
Pacer Funds Trust	1,350,950	0	0	For
Advisers Investment Trust	1,156,521	0	0	For
JPMorgan	796,742	0	0	For
MASTER INVESTMENT PORTFOLIO	783,064	0	0	For
Amplify ETF Trust	694,831	0	0	For
ProShares	628,863	0	0	For
Columbia Threadneedle	595,480	0	0	For
American Century	586,107	0	0	For
Thrivent	497,306	0	0	For
Neuberger Berman	464,233	0	0	For
Jackson National	444,111	0	0	For
T. Rowe Price	415,634	0	0	For
First Trust	412,064	0	0	For
DIAMOND HILL FUNDS	411,538	0	0	For
Prudential/PGIM	399,914	0	0	For
Equitable	369,485	0	0	For
DWS	317,018	0	0	For

Showing the 25 largest of 201 asset managers. See all 201 in the interactive database.

7. Election of Directors: David W. MacLennan

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 7 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 313,226,737AGAINST: 6,873,015

CATERPILLAR INC.’s own tally for this item (“Elect Director: David W. MacLennan”): 313,226,737 for, 6,873,015 against, per its Form 8-K filed 2025-06-12 (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 471,000,000 outstanding shares: 67% for, 1% against (68% of the company cast a for/against vote).

The 201 asset managers below cast 99.9% of the shares they voted on this item FOR (105,359,770 for, 20,150 against).

FOR 99.9%

FOR: 105,359,770 (100.0%)AGAINST: 20,150 (0.0%)ABSTAIN: 17,445 (0.0%)NOT VOTED: 250 (0.0%)UNKNOWN: 73 (0.0%)

Largest asset managers voting on “Election of Directors: David W. MacLennan” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	45,760,813	12	1	For
BlackRock	13,415,583	3,123	0	For
Fidelity	9,858,531	0	0	For
Capital Group	7,867,944	0	0	For
State Street	4,154,809	0	0	For
Charles Schwab	2,876,873	0	0	For
Invesco	2,266,635	0	0	For
TIAA	2,180,933	0	0	For
Pacer Funds Trust	1,350,950	0	0	For
Advisers Investment Trust	1,156,521	0	0	For
JPMorgan	796,742	0	0	For
MASTER INVESTMENT PORTFOLIO	783,064	0	0	For
Amplify ETF Trust	694,831	0	0	For
ProShares	628,863	0	0	For
Columbia Threadneedle	595,480	0	0	For
American Century	586,107	0	0	For
Thrivent	497,306	0	0	For
Neuberger Berman	464,233	0	0	For
Jackson National	444,111	0	0	For
T. Rowe Price	415,634	0	0	For
First Trust	412,064	0	0	For
DIAMOND HILL FUNDS	411,538	0	0	For
Prudential/PGIM	399,914	0	0	For
Equitable	364,272	5,213	0	For
DWS	317,018	0	0	For

Showing the 25 largest of 201 asset managers. See all 201 in the interactive database.

8. Election of Directors: Judith F. Marks

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%

FOR: 317,273,666AGAINST: 2,901,893

CATERPILLAR INC.’s own tally for this item (“Elect Director: Judith F. Marks”): 317,273,666 for, 2,901,893 against, per its Form 8-K filed 2025-06-12 (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 471,000,000 outstanding shares: 67% for, 0.7% against (68% of the company cast a for/against vote).

The 201 asset managers below cast 99.9% of the shares they voted on this item FOR (105,351,809 for, 28,116 against).

FOR 99.9%

FOR: 105,351,809 (100.0%)AGAINST: 28,116 (0.0%)ABSTAIN: 17,441 (0.0%)NOT VOTED: 250 (0.0%)UNKNOWN: 73 (0.0%)

Largest asset managers voting on “Election of Directors: Judith F. Marks” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	45,760,821	5	1	For
BlackRock	13,418,706	0	0	For
Fidelity	9,858,531	0	0	For
Capital Group	7,867,944	0	0	For
State Street	4,154,809	0	0	For
Charles Schwab	2,876,873	0	0	For
Invesco	2,266,635	0	0	For
TIAA	2,180,933	0	0	For
Pacer Funds Trust	1,350,950	0	0	For
Advisers Investment Trust	1,156,521	0	0	For
JPMorgan	796,742	0	0	For
MASTER INVESTMENT PORTFOLIO	783,064	0	0	For
Amplify ETF Trust	694,831	0	0	For
ProShares	628,863	0	0	For
Columbia Threadneedle	595,480	0	0	For
American Century	586,107	0	0	For
Thrivent	497,306	0	0	For
Neuberger Berman	464,233	0	0	For
Jackson National	444,111	0	0	For
T. Rowe Price	415,634	0	0	For
First Trust	412,064	0	0	For
DIAMOND HILL FUNDS	411,538	0	0	For
Prudential/PGIM	399,914	0	0	For
Equitable	369,485	0	0	For
DWS	317,018	0	0	For

Showing the 25 largest of 201 asset managers. See all 201 in the interactive database.

9. Election of Directors: Debra L. Reed-Klages

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 314,101,093AGAINST: 6,111,342

CATERPILLAR INC.’s own tally for this item (“Elect Director: Debra L. Reed-Klages”): 314,101,093 for, 6,111,342 against, per its Form 8-K filed 2025-06-12 (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 471,000,000 outstanding shares: 67% for, 1% against (68% of the company cast a for/against vote).

The 201 asset managers below cast 99.8% of the shares they voted on this item FOR (105,226,614 for, 153,309 against).

FOR 99.8%

FOR: 105,226,614 (99.8%)AGAINST: 153,309 (0.1%)ABSTAIN: 17,442 (0.0%)NOT VOTED: 250 (0.0%)UNKNOWN: 73 (0.0%)

Largest asset managers voting on “Election of Directors: Debra L. Reed-Klages” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	45,760,814	12	1	For
BlackRock	13,418,706	0	0	For
Fidelity	9,858,531	0	0	For
Capital Group	7,867,944	0	0	For
State Street	4,154,809	0	0	For
Charles Schwab	2,876,873	0	0	For
Invesco	2,266,635	0	0	For
TIAA	2,180,933	0	0	For
Pacer Funds Trust	1,350,950	0	0	For
Advisers Investment Trust	1,156,521	0	0	For
JPMorgan	796,742	0	0	For
MASTER INVESTMENT PORTFOLIO	783,064	0	0	For
Amplify ETF Trust	694,831	0	0	For
ProShares	628,863	0	0	For
Columbia Threadneedle	595,480	0	0	For
American Century	586,107	0	0	For
Thrivent	497,306	0	0	For
Neuberger Berman	464,233	0	0	For
Jackson National	444,111	0	0	For
T. Rowe Price	415,634	0	0	For
First Trust	412,064	0	0	For
DIAMOND HILL FUNDS	411,538	0	0	For
Prudential/PGIM	399,914	0	0	For
Equitable	369,485	0	0	For
DWS	317,018	0	0	For

Showing the 25 largest of 201 asset managers. See all 201 in the interactive database.

10. Election of Directors: Susan C. Schwab

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 310,548,816AGAINST: 9,507,307

CATERPILLAR INC.’s own tally for this item (“Elect Director: Susan C. Schwab”): 310,548,816 for, 9,507,307 against, per its Form 8-K filed 2025-06-12 (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 471,000,000 outstanding shares: 66% for, 2% against (68% of the company cast a for/against vote).

The 201 asset managers below cast 99.9% of the shares they voted on this item FOR (105,288,235 for, 91,666 against).

FOR 99.8%

FOR: 105,288,235 (99.9%)AGAINST: 91,666 (0.1%)ABSTAIN: 17,464 (0.0%)NOT VOTED: 250 (0.0%)UNKNOWN: 73 (0.0%)

Largest asset managers voting on “Election of Directors: Susan C. Schwab” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	45,760,808	18	2	For
BlackRock	13,415,583	3,123	0	For
Fidelity	9,858,531	0	0	For
Capital Group	7,867,944	0	0	For
State Street	4,154,704	105	0	For
Charles Schwab	2,876,873	0	0	For
Invesco	2,266,635	0	0	For
TIAA	2,180,933	0	0	For
Pacer Funds Trust	1,350,950	0	0	For
Advisers Investment Trust	1,156,521	0	0	For
JPMorgan	796,742	0	0	For
MASTER INVESTMENT PORTFOLIO	783,064	0	0	For
Amplify ETF Trust	694,831	0	0	For
ProShares	628,863	0	0	For
Columbia Threadneedle	595,480	0	0	For
American Century	586,107	0	0	For
Thrivent	497,306	0	0	For
Neuberger Berman	464,233	0	0	For
Jackson National	444,111	0	0	For
T. Rowe Price	415,634	0	0	For
First Trust	412,064	0	0	For
DIAMOND HILL FUNDS	411,538	0	0	For
Prudential/PGIM	399,914	0	0	For
Equitable	369,485	0	0	For
DWS	317,018	0	0	For

Showing the 25 largest of 201 asset managers. See all 201 in the interactive database.

11. Election of Directors: D. James Umpleby III

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 311,270,374AGAINST: 8,959,498

CATERPILLAR INC.’s own tally for this item (“Elect Director: D. James Umpleby III”): 311,270,374 for, 8,959,498 against, per its Form 8-K filed 2025-06-12 (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 471,000,000 outstanding shares: 66% for, 2% against (68% of the company cast a for/against vote).

The 201 asset managers below cast 99.7% of the shares they voted on this item FOR (105,136,850 for, 242,772 against).

FOR 99.7%

FOR: 105,136,850 (99.8%)AGAINST: 242,772 (0.2%)ABSTAIN: 17,443 (0.0%)UNKNOWN: 373 (0.0%)NOT VOTED: 250 (0.0%)

Largest asset managers voting on “Election of Directors: D. James Umpleby III” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	45,744,135	16,691	1	For
BlackRock	13,415,583	3,123	0	For
Fidelity	9,858,531	0	0	For
Capital Group	7,867,944	0	0	For
State Street	4,154,757	52	0	For
Charles Schwab	2,876,873	0	0	For
Invesco	2,266,635	0	0	For
TIAA	2,180,933	0	0	For
Pacer Funds Trust	1,350,950	0	0	For
Advisers Investment Trust	1,156,521	0	0	For
JPMorgan	796,742	0	0	For
MASTER INVESTMENT PORTFOLIO	783,064	0	0	For
Amplify ETF Trust	694,831	0	0	For
ProShares	628,863	0	0	For
Columbia Threadneedle	595,480	0	0	For
American Century	586,107	0	0	For
Thrivent	497,306	0	0	For
Neuberger Berman	464,233	0	0	For
Jackson National	444,111	0	0	For
T. Rowe Price	415,634	0	0	For
First Trust	412,064	0	0	For
DIAMOND HILL FUNDS	411,538	0	0	For
Prudential/PGIM	399,914	0	0	For
Equitable	369,485	0	0	For
DWS	317,018	0	0	For

Showing the 25 largest of 201 asset managers. See all 201 in the interactive database.

12. Election of Directors: Rayford Wilkins, Jr.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-11.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 312,193,808AGAINST: 7,701,856

CATERPILLAR INC.’s own tally for this item (“Elect Director: Rayford Wilkins, Jr.”): 312,193,808 for, 7,701,856 against, per its Form 8-K filed 2025-06-12 (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 471,000,000 outstanding shares: 66% for, 2% against (68% of the company cast a for/against vote).

The 201 asset managers below cast 99.9% of the shares they voted on this item FOR (105,347,574 for, 32,321 against).

FOR 99.9%

FOR: 105,347,574 (100.0%)AGAINST: 32,321 (0.0%)ABSTAIN: 17,471 (0.0%)NOT VOTED: 250 (0.0%)UNKNOWN: 73 (0.0%)

Largest asset managers voting on “Election of Directors: Rayford Wilkins, Jr.” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	45,760,810	15	2	For
BlackRock	13,418,706	0	0	For
Fidelity	9,858,531	0	0	For
Capital Group	7,867,944	0	0	For
State Street	4,154,809	0	0	For
Charles Schwab	2,876,873	0	0	For
Invesco	2,266,635	0	0	For
TIAA	2,180,933	0	0	For
Pacer Funds Trust	1,350,950	0	0	For
Advisers Investment Trust	1,156,521	0	0	For
JPMorgan	796,742	0	0	For
MASTER INVESTMENT PORTFOLIO	783,064	0	0	For
Amplify ETF Trust	694,831	0	0	For
ProShares	628,863	0	0	For
Columbia Threadneedle	595,480	0	0	For
American Century	586,107	0	0	For
Thrivent	497,306	0	0	For
Neuberger Berman	464,233	0	0	For
Jackson National	444,111	0	0	For
T. Rowe Price	415,634	0	0	For
First Trust	412,064	0	0	For
DIAMOND HILL FUNDS	411,538	0	0	For
Prudential/PGIM	399,914	0	0	For
Equitable	369,485	0	0	For
DWS	317,018	0	0	For

Showing the 25 largest of 201 asset managers. See all 201 in the interactive database.

13. Shareholder Proposal - Request to Cease DEI Efforts

DIVERSITY, EQUITY, AND INCLUSION

Meeting held 2025-06-11.

Combines 3 wordings of this item as funds reported it.

0.2% fund support · no official result

AGAINST 99.5%

The 194 asset managers below cast 0.2% of the shares they voted on this item FOR (123,816 for, 104,401,098 against).

FOR: 123,816 (0.1%)AGAINST: 104,401,098 (99.6%)ABSTAIN: 345,485 (0.3%)UNKNOWN: 636 (0.0%)NOT VOTED: 250 (0.0%)

Largest asset managers voting on “Shareholder Proposal - Request to Cease DEI Efforts” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	13	45,760,807	7	Against
BlackRock	0	13,418,706	0	Against
Fidelity	0	9,858,531	0	Against
Capital Group	0	7,867,944	0	Against
State Street	0	4,154,809	0	Against
Charles Schwab	0	2,876,873	0	Against
Invesco	0	2,266,635	0	Against
TIAA	0	2,180,933	0	Against
Pacer Funds Trust	0	1,350,950	0	Against
Advisers Investment Trust	0	1,156,521	0	Against
JPMorgan	0	796,742	0	Against
MASTER INVESTMENT PORTFOLIO	0	783,064	0	Against
Amplify ETF Trust	0	694,831	0	Against
ProShares	0	628,863	0	Against
Columbia Threadneedle	0	595,480	0	Against
American Century	0	586,107	0	Against
Thrivent	0	497,306	0	Against
Neuberger Berman	0	464,233	0	Against
Jackson National	0	444,111	0	Against
T. Rowe Price	0	415,634	0	Against
First Trust	0	412,064	0	Against
DIAMOND HILL FUNDS	0	411,538	0	Against
Prudential/PGIM	0	399,914	0	Against
Equitable	0	369,485	0	Against
DWS	0	317,018	0	Against

Showing the 25 largest of 194 asset managers. See all 194 in the interactive database.

14. Ratification of our Independent Registered Public Accounting Firm

AUDIT-RELATED

Meeting held 2025-06-11.

Combines 2 wordings of this item as funds reported it.

99.1% fund support · no official result

FOR 99.1%

The 193 asset managers below cast 99.1% of the shares they voted on this item FOR (103,941,018 for, 913,692 against).

FOR: 103,941,018 (99.1%)AGAINST: 913,692 (0.9%)ABSTAIN: 17,426 (0.0%)UNKNOWN: 563 (0.0%)NOT VOTED: 250 (0.0%)

Largest asset managers voting on “Ratification of our Independent Registered Public Accounting Firm” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	45,744,112	16,715	1	For
BlackRock	13,418,706	0	0	For
Fidelity	9,858,531	0	0	For
Capital Group	7,867,944	0	0	For
State Street	4,154,704	105	0	For
Charles Schwab	2,876,873	0	0	For
Invesco	2,266,635	0	0	For
TIAA	2,180,933	0	0	For
Pacer Funds Trust	1,350,950	0	0	For
Advisers Investment Trust	1,156,521	0	0	For
JPMorgan	796,742	0	0	For
MASTER INVESTMENT PORTFOLIO	783,064	0	0	For
Amplify ETF Trust	0	694,831	0	Against
ProShares	628,863	0	0	For
Columbia Threadneedle	595,480	0	0	For
American Century	586,107	0	0	For
Thrivent	497,306	0	0	For
Neuberger Berman	464,233	0	0	For
Jackson National	444,111	0	0	For
T. Rowe Price	415,634	0	0	For
First Trust	412,064	0	0	For
DIAMOND HILL FUNDS	411,538	0	0	For
Prudential/PGIM	399,914	0	0	For
Equitable	364,272	5,213	0	For
DWS	317,018	0	0	For

Showing the 25 largest of 193 asset managers. See all 193 in the interactive database.

15. Shareholder Proposal - Report on Employee Charitable Giving Match

OTHER SOCIAL ISSUES

Meeting held 2025-06-11.

0.8% fund support · no official result

AGAINST 99%

The 193 asset managers below cast 0.8% of the shares they voted on this item FOR (833,237 for, 103,652,485 against).

FOR: 833,237 (0.8%)AGAINST: 103,652,485 (98.8%)ABSTAIN: 384,063 (0.4%)UNKNOWN: 373 (0.0%)NOT VOTED: 250 (0.0%)

Largest asset managers voting on “Shareholder Proposal - Report on Employee Charitable Giving Match” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	10	45,760,810	7	Against
BlackRock	0	13,418,706	0	Against
Fidelity	0	9,858,531	0	Against
Capital Group	0	7,867,944	0	Against
State Street	0	4,154,809	0	Against
Charles Schwab	0	2,876,873	0	Against
Invesco	0	2,266,635	0	Against
TIAA	0	2,180,933	0	Against
Pacer Funds Trust	0	1,350,950	0	Against
Advisers Investment Trust	0	1,156,521	0	Against
JPMorgan	0	796,742	0	Against
MASTER INVESTMENT PORTFOLIO	0	783,064	0	Against
Amplify ETF Trust	694,831	0	0	For
ProShares	0	628,863	0	Against
Columbia Threadneedle	0	595,480	0	Against
American Century	0	586,107	0	Against
Thrivent	0	497,306	0	Against
Neuberger Berman	0	464,233	0	Against
Jackson National	0	444,111	0	Against
T. Rowe Price	0	415,634	0	Against
First Trust	0	412,064	0	Against
DIAMOND HILL FUNDS	0	411,538	0	Against
Prudential/PGIM	0	399,914	0	Against
Equitable	0	369,485	0	Against
DWS	0	317,018	0	Against

Showing the 25 largest of 193 asset managers. See all 193 in the interactive database.

16. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

Combines 2 wordings of this item as funds reported it.

62% fund support · no official result

FOR 62%AGAINST 38%

The 53 asset managers below cast 62% of the shares they voted on this item FOR (3,223,762 for, 2,014,922 against).

FOR: 3,223,762 (61.5%)AGAINST: 2,014,922 (38.5%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Vote
JPMorgan	1,835,454	0	For
APG Asset Management US Inc.	0	1,279,095	Against
NORDEA INVESTMENT MANAGEMENT AB	0	531,188	Against
STOREBRAND ASSET MANAGEMENT AS	275,751	0	For
TD ASSET MANAGEMENT INC	229,790	0	For
ADAGE CAPITAL PARTNERS GP, L.L.C.	168,454	0	For
Cardano Risk Management B.V.	0	160,545	Against
Swiss Life Asset Management Ltd	112,695	0	For
Erste Asset Management GmbH	77,073	0	For
Empower	70,820	0	For
Brighthouse	64,412	0	For
TD Waterhouse Canada Inc.	63,130	0	For
FAYEZ SAROFIM & CO	57,587	0	For
Rokos Capital Management LLP	52,500	0	For
GuideStone	48,936	0	For
Desjardins Global Asset Management Inc.	0	40,029	Against
Vinva Investment Management Ltd	23,692	0	For
BEACON INVESTMENT ADVISORY SERVICES, INC.	22,319	0	For
GROUPAMA ASSET MANAGMENT	21,886	0	For
HC CAPITAL TRUST	21,751	0	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	11,412	0	For
WHITENER CAPITAL MANAGEMENT, INC.	11,189	0	For
Metzler Asset Management GmbH	10,056	0	For
CLEARWATER INVESTMENT TRUST	9,102	0	For
AMERICAN BEACON FUNDS	5,610	0	For

Showing the 25 largest of 53 asset managers. See all 53 in the interactive database.

17. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

35% fund support · no official result

FOR 34%AGAINST 62%

The 24 asset managers below cast 35% of the shares they voted on this item FOR (104,750 for, 192,658 against).

FOR: 104,750 (33.6%)AGAINST: 192,658 (61.9%)NOT VOTED: 13,891 (4.5%)

Largest asset managers voting on “14A Executive Compensation” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Vote
Focus Partners Wealth	7,233	187,768	Against
Baker Avenue Asset Management, LP	36,601	0	For
EAGLE GLOBAL ADVISORS LLC	19,475	0	For
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	Not Voted
OLD SECOND NATIONAL BANK OF AURORA	13,753	0	For
Blue Edge Capital, LLC	12,175	0	For
River Street Advisors LLC	8,522	0	For
WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV	0	4,890	Against
COURIER CAPITAL LLC	1,139	0	For
VALUED ADVISERS TRUST	1,000	0	For
Ballew Advisors, Inc	877	0	For
HOURGLASS CAPITAL, LLC	747	0	For
Claret Asset Management Corp	652	0	For
BOURNE LENT ASSET MANAGEMENT INC	618	0	For
NORTHERN LIGHTS FUND TRUST III	592	0	For
Inlet Private Wealth, LLC	351	0	For
Wallington Asset Management, LLC	288	0	For
MATTERN CAPITAL MANAGEMENT, LLC	200	0	For
Blue Fin Capital, Inc.	162	0	For
IMA Advisory Services, Inc.	145	0	For
Moisand Fitzgerald Tamayo, LLC	136	0	For
MQS Management LLC	58	0	For
HARBOUR INVESTMENT MANAGEMENT LLC	15	0	For
VOISARD ASSET MANAGEMENT GROUP, INC.	11	0	For

18. Advisory Vote to Approve Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-06-12 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

100% fund support · no official result

FOR 100%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (158,202 for, 0 against).

FOR: 158,202 (100.0%)

Largest asset managers voting on “Advisory Vote to Approve Executive Compensation” at CATERPILLAR INC., 2024-2025
Asset manager	For	Vote
VAUGHAN DAVID INVESTMENTS LLC/IL	79,679	For
Knuff & Co LLC	21,107	For
COLDSTREAM CAPITAL MANAGEMENT INC	16,189	For
Seascape Capital Management	13,319	For
Ipswich Investment Management Co., Inc.	11,048	For
Family Legacy, Inc.	7,859	For
Americana Partners, LLC	7,484	For
KELLEHER FINANCIAL ADVISORS	492	For
First Trust	372	For
DIVIDEND ASSETS CAPITAL, LLC	247	For
Gallo Partners, LP	216	For
Sky Investment Group LLC	190	For
Echo45 Advisors LLC	0	--

19. Advisory Vote to Approve Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

Combines 4 wordings of this item as funds reported it.

100% fund support · no official result

FOR 94%

The 10 asset managers below cast 100% of the shares they voted on this item FOR (13,118 for, 0 against).

FOR: 13,118 (93.9%)ABSTAIN: 859 (6.1%)

Largest asset managers voting on “Advisory Vote to Approve Executive Compensation” at CATERPILLAR INC., 2024-2025
Asset manager	For	Abstain	Vote
ALBERT D MASON INC	9,100	0	For
NATIONAL BANK INVESTMENTS INC.	1,897	0	For
Prodigy Asset Management LLC	1,000	0	For
LEGACY FINANCIAL GROUP, INC.	0	859	Abstain
Orion Capital Management LLC	405	0	For
Cannon Financial Strategists, Inc.	285	0	For
KELLEHER FINANCIAL ADVISORS	266	0	For
Ascension Capital Advisors, Inc.	65	0	For
Bey-Douglas LLC	50	0	For
Fogel Capital Management, Inc.	50	0	For

20. Consider Abolishing DEI Policies, Departments, and Goals

DIVERSITY, EQUITY, AND INCLUSION

Meeting held 2025-06-11.

17% fund support · no official result

FOR 17%AGAINST 83%

The 9 asset managers below cast 17% of the shares they voted on this item FOR (48,936 for, 243,269 against).

FOR: 48,936 (16.7%)AGAINST: 243,269 (83.3%)

Largest asset managers voting on “Consider Abolishing DEI Policies, Departments, and Goals” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Vote
Erste Asset Management GmbH	0	77,073	Against
Empower	0	70,820	Against
Brighthouse	0	64,412	Against
GuideStone	48,936	0	For
HC CAPITAL TRUST	0	21,751	Against
CLEARWATER INVESTMENT TRUST	0	9,102	Against
REDMONT WEALTH ADVISORS LLC	0	100	Against
UNIFIED SERIES TRUST	0	11	Against
OARSMAN CAPITAL, INC.	0	0	--

21. Ratify PricewaterhouseCoopers LLP as Auditors

AUDIT-RELATED

Meeting held 2025-06-11.

100% fund support · no official result

FOR 100%

The 9 asset managers below cast 100% of the shares they voted on this item FOR (292,205 for, 0 against).

FOR: 292,205 (100.0%)

Largest asset managers voting on “Ratify PricewaterhouseCoopers LLP as Auditors” at CATERPILLAR INC., 2024-2025
Asset manager	For	Vote
Erste Asset Management GmbH	77,073	For
Empower	70,820	For
Brighthouse	64,412	For
GuideStone	48,936	For
HC CAPITAL TRUST	21,751	For
CLEARWATER INVESTMENT TRUST	9,102	For
REDMONT WEALTH ADVISORS LLC	100	For
UNIFIED SERIES TRUST	11	For
OARSMAN CAPITAL, INC.	0	--

22. Report on Religious Discrimination in Charitable Contributions

HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE

Meeting held 2025-06-11.

17% fund support · no official result

FOR 17%AGAINST 83%

The 9 asset managers below cast 17% of the shares they voted on this item FOR (48,936 for, 243,269 against).

FOR: 48,936 (16.7%)AGAINST: 243,269 (83.3%)

Largest asset managers voting on “Report on Religious Discrimination in Charitable Contributions” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Vote
Erste Asset Management GmbH	0	77,073	Against
Empower	0	70,820	Against
Brighthouse	0	64,412	Against
GuideStone	48,936	0	For
HC CAPITAL TRUST	0	21,751	Against
CLEARWATER INVESTMENT TRUST	0	9,102	Against
REDMONT WEALTH ADVISORS LLC	0	100	Against
UNIFIED SERIES TRUST	0	11	Against
OARSMAN CAPITAL, INC.	0	0	--

23. Ratify Appointment of Independent Auditors

AUDIT-RELATED

Meeting held 2025-06-11.

Combines 2 wordings of this item as funds reported it.

32% fund support · no official result

FOR 32%AGAINST 68%

The 8 asset managers below cast 32% of the shares they voted on this item FOR (74,189 for, 160,545 against).

FOR: 74,189 (31.6%)AGAINST: 160,545 (68.4%)

Largest asset managers voting on “Ratify Appointment of Independent Auditors” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Vote
Cardano Risk Management B.V.	0	160,545	Against
MARCO INVESTMENT MANAGEMENT LLC	66,190	0	For
AMERICAN BEACON FUNDS	5,610	0	For
NORTHERN LIGHTS FUND TRUST III	1,173	0	For
VALUED ADVISERS TRUST	1,000	0	For
Virtus	190	0	For
HARBOUR INVESTMENT MANAGEMENT LLC	15	0	For
VOISARD ASSET MANAGEMENT GROUP, INC.	11	0	For

24. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

Meeting held 2025-06-11.

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

100% fund support · no official result

FOR 100%

The 4 asset managers below cast 100% of the shares they voted on this item FOR.

FOR: 100.0%

Largest asset managers voting on “Election of Directors (Majority Voting)” at CATERPILLAR INC., 2024-2025
Asset manager	For	Vote
VALUED ADVISERS TRUST	1,000	For
NORTHERN LIGHTS FUND TRUST III	592	For
HARBOUR INVESTMENT MANAGEMENT LLC	150	For
VOISARD ASSET MANAGEMENT GROUP, INC.	11	For

25. Say on Pay

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

100% fund support · no official result

FOR 100%

The 4 asset managers below cast 100% of the shares they voted on this item FOR (260,375 for, 0 against).

FOR: 260,375 (100.0%)

Largest asset managers voting on “Say on Pay” at CATERPILLAR INC., 2024-2025
Asset manager	For	Vote
Empower	257,317	For
WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV	1,668	For
Ramsay, Stattman, Vela & Price, Inc.	1,300	For
CHELSEA COUNSEL CO	90	For

26. SECTION 14A SAY-ON-PAY VOTES

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (1,979 for, 0 against).

FOR: 1,979 (100.0%)

Largest asset managers voting on “SECTION 14A SAY-ON-PAY VOTES” at CATERPILLAR INC., 2024-2025
Asset manager	For	Vote
Lido Advisors, LLC	874	For
SWEENEY & MICHEL, LLC	583	For
Pinnacle Family Advisors, LLC	522	For

27. Advisory vote on executive compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (99,879 for, 0 against).

FOR: 99,879 (100.0%)

Largest asset managers voting on “Advisory vote on executive compensation” at CATERPILLAR INC., 2024-2025
Asset manager	For	Vote
Wesleyan Assurance Society	99,879	For
Jaffetilchin Investment Partners, LLC	0	--
Trivant Custom Portfolio Group, LLC	0	--

28. S/H Proposal - Corporate Governance

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2025-06-11.

98% fund support · no official result

FOR 94%

The 3 asset managers below cast 98% of the shares they voted on this item FOR (592 for, 11 against).

FOR: 592 (93.5%)AGAINST: 11 (1.7%)NOT VOTED: 30 (4.7%)

Largest asset managers voting on “S/H Proposal - Corporate Governance” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Vote
NORTHERN LIGHTS FUND TRUST III	592	0	For
HARBOUR INVESTMENT MANAGEMENT LLC	0	0	Not Voted
VOISARD ASSET MANAGEMENT GROUP, INC.	0	11	Against

29. S/H Proposal - Human Rights Related

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2025-06-11.

98% fund support · no official result

FOR 96%

The 3 asset managers below cast 98% of the shares they voted on this item FOR (592 for, 11 against).

FOR: 592 (95.8%)AGAINST: 11 (1.8%)NOT VOTED: 15 (2.4%)

Largest asset managers voting on “S/H Proposal - Human Rights Related” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Vote
NORTHERN LIGHTS FUND TRUST III	592	0	For
HARBOUR INVESTMENT MANAGEMENT LLC	0	0	Not Voted
VOISARD ASSET MANAGEMENT GROUP, INC.	0	11	Against

30. Approval of Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (6,985 for, 0 against).

FOR: 6,985 (100.0%)

Largest asset managers voting on “Approval of Executive Compensation” at CATERPILLAR INC., 2024-2025
Asset manager	For	Vote
Crown Oak Advisors, LLC	5,821	For
Antonelli Financial Advisors, LLC	1,053	For
Roble, Belko & Company, Inc	111	For

31. COMPENSATION

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (10,796 for, 0 against).

FOR: 10,796 (100.0%)

Largest asset managers voting on “COMPENSATION” at CATERPILLAR INC., 2024-2025
Asset manager	For	Vote
Members Trust Co	8,430	For
Capital Group	1,975	For
Blue Sky Capital Consultants Group, Inc.	391	For

32. Shareholder Proposal Regarding Abolishing DEI Policies, Department, and Goals

OTHER SOCIAL ISSUES

Meeting held 2025-06-11.

0% fund support · no official result

AGAINST 100%

The 3 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 166,345 against).

AGAINST: 166,345 (100.0%)

Largest asset managers voting on “Shareholder Proposal Regarding Abolishing DEI Policies, Department, and Goals” at CATERPILLAR INC., 2024-2025
Asset manager	Against	Vote
Cardano Risk Management B.V.	160,545	Against
AMERICAN BEACON FUNDS	5,610	Against
Virtus	190	Against

33. Shareholder Proposal Regarding Report on Discrimination Risk of Charitable Match Program

OTHER SOCIAL ISSUES

Meeting held 2025-06-11.

0% fund support · no official result

AGAINST 100%

The 3 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 166,345 against).

AGAINST: 166,345 (100.0%)

Largest asset managers voting on “Shareholder Proposal Regarding Report on Discrimination Risk of Charitable Match Program” at CATERPILLAR INC., 2024-2025
Asset manager	Against	Vote
Cardano Risk Management B.V.	160,545	Against
AMERICAN BEACON FUNDS	5,610	Against
Virtus	190	Against

34. Advisory Vote to Approve Executive H

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (3,259 for, 0 against).

FOR: 3,259 (100.0%)

Largest asset managers voting on “Advisory Vote to Approve Executive H” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
NORTHERN LIGHTS FUND TRUST III	2,459	0	0	0	For
COMMONWEALTH INTERNATIONAL SERIES TRUST	800	0	0	0	For

35. Advisory approval of executive compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-11.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (7,127 for, 0 against).

FOR: 7,127 (100.0%)

Largest asset managers voting on “Advisory approval of executive compensation” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Schear Investment Advisers, LLC	6,961	0	0	0	For
Tiller Private Wealth, Inc.	166	0	0	0	For

36. Director Elections

DIRECTOR ELECTIONS

Meeting held 2025-06-11.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (9,307 for, 0 against).

FOR: 9,307 (100.0%)

Largest asset managers voting on “Director Elections” at CATERPILLAR INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Members Trust Co	8,430	0	0	0	For
Ballew Advisors, Inc	877	0	0	0	For

Showing the 36 reported items with the widest manager coverage, of 42 in total. View every item.

Largest CATERPILLAR INC. shareholders voting in 2024-2025

Ranked by the number of CATERPILLAR INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 471,000,000 shares outstanding at the time of that meeting.

Top CATERPILLAR INC. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	10.33%
2	BlackRock	5.89%
3	STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	3.75%
4	State Street	3.60%
5	Capital Group	2.66%
6	Fidelity	2.29%
7	GEODE CAPITAL MANAGEMENT, LLC	2.24%
8	Fisher Asset Management, LLC	1.84%
9	Charles Schwab	1.31%
10	Northern Trust	1.23%

Reported CATERPILLAR INC. ownership

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

CATERPILLAR INC. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	9.81%	13F
State Street	7.68%	13F
BlackRock	7.51%	13F
Morgan Stanley	1.52%	13F
Northern Trust	1.40%	13F
Norges Bank	1.26%	13F
JPMorgan Chase	0.77%	13F
Charles Schwab	0.70%	13F
Goldman Sachs	0.69%	13F

Percentages above are of 471,000,000 shares outstanding, as reported by CATERPILLAR INC. on its Form 10-Q dated 2025-03-31 (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 CATERPILLAR INC.’s 10-Q dated 2025-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At CATERPILLAR INC.'s shareholder meeting held 2025-06-11, in the 2024-2025 proxy season, 1,438 asset managers reported how they voted in their SEC Form N-PX filings, covering 16,354 separate fund positions. Their filings are grouped here into 42 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. CATERPILLAR INC.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — Advisory vote to Approve Named Executive Officer Compensation — the reporting funds cast 96% 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.

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