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CLEVELAND-CLIFFS INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and CLEVELAND-CLIFFS INC.’s Form 8-K, filed 2025-05-21 (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 14Reported items
  • 490Asset managers
  • 4,545Fund votes
  • 2025-05-15Meeting date

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

Explore CLEVELAND-CLIFFS INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by CLEVELAND-CLIFFS INC.

These tallies are CLEVELAND-CLIFFS INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-05-21 (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.

CLEVELAND-CLIFFS INC. — official shareholder meeting results, meeting held 2025-05-15
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Lourenco Goncalves 249,696,604---- 11,782,289112,532,145 Majority: yes
Elect Director: Douglas C. Taylor 250,804,105---- 10,674,788112,532,145 Majority: yes
Elect Director: John T. Baldwin 251,352,177---- 10,126,716112,532,145 Majority: yes
Elect Director: Ron A. Bloom 253,509,758---- 7,969,135112,532,145 Majority: yes
Elect Director: Jane M. Cronin 249,809,157---- 11,669,736112,532,145 Majority: yes
Elect Director: Susan M. Green 252,237,286---- 9,241,607112,532,145 Majority: yes
Elect Director: Ralph S. Michael, III 249,554,549---- 11,924,344112,532,145 Majority: yes
Elect Director: Ben Oren 248,164,857---- 13,314,036112,532,145 Majority: yes
Elect Director: Gabriel Stoliar 253,348,977---- 8,129,916112,532,145 Majority: yes
Elect Director: Arlene M. Yocum 254,108,976---- 7,369,917112,532,145 Majority: yes
Proposal 2: Approval, on an Advisory Basis, of our Named Executive Officers' Compensation This proposal received an affirmative vote of over 90%, which is significantly more than a majority of the shares present, in person or represented by proxy, at the Annua 236,209,16823,583,5641,686,161 --112,532,145 Majority: yes
Proposal 3: Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2025 This proposal received an affirmative vote of more than a majority of the shares present, in person or represented by p 356,690,75915,768,7441,551,535 ---- Majority: yes

Source: CLEVELAND-CLIFFS INC., Form 8-K, filed with the SEC on 2025-05-21 — read the filing on EDGAR.

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

Each item below shows how the 490 asset managers that disclosed a CLEVELAND-CLIFFS 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 CLEVELAND-CLIFFS 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. Approval, on an advisory basis, of Cleveland- Cliffs Inc.'s named executive officers' compensation.

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

Meeting held 2025-05-15.

Combines 19 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%9%
FOR: 236,209,168AGAINST: 23,583,564

CLEVELAND-CLIFFS INC.’s own tally for this item (“Proposal 2: Approval, on an Advisory Basis, of our Named Executive Officers' Compensation This proposal received an affirmative vote of over 90%, which is significantly more than a majority of the shares present, in pers”): 236,209,168 for, 23,583,564 against, per its Form 8-K filed 2025-05-21 (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 494,490,795 outstanding shares: 47.8% for, 5% against (52.5% of the company cast a for/against vote).

The 484 asset managers below cast 95% of the shares they voted on this item FOR (204,711,443 for, 10,748,294 against).

FOR 95%
FOR: 204,711,443 (94.9%)AGAINST: 10,748,294 (5.0%)ABSTAIN: 130,910 (0.1%)NOT VOTED: 25,882 (0.0%)
Largest asset managers voting on “Approval, on an advisory basis, of Cleveland- Cliffs Inc.'s named executive officers' compensation.” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard49,122,7451,527 00For
BlackRock32,766,7892,918 00For
Dimensional12,074,6400 00For
State Street11,998,1432,621 00For
American Century8,936,1650 00For
Charles Schwab8,514,3310 00For
Fidelity6,895,16078,364 00For
GEODE CAPITAL MANAGEMENT, LLC6,679,5640 00For
Neuberger Berman4,249,1640 00For
BANK OF AMERICA NA4,050,6720 00For
Slate Path Capital LP3,495,5470 00For
Global X3,101,1820 00For
SEI3,019,0200 00For
Stonegate Investment Group, LLC2,694,6450 00For
Northern Trust2,523,9920 00For
MELLON INVESTMENTS Corp2,035,0040 00For
DWS1,738,7870 00For
JPMorgan01,656,223 00Against
RBC Dominion Securities Inc.1,414,8990 00For
Newton Investment Management North America, LLC01,305,035 00Against
Nuveen01,293,962 00Against
TRUIST FINANCIAL CORP1,283,3200 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA01,260,465 00Against
EDMOND DE ROTHSCHILD HOLDING S.A.01,180,000 00Against

Showing the 25 largest of 484 asset managers. See all 484 in the interactive database.

2. RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF CLEVELAND-CLIFFS INC. TO SERVE FOR THE 2025 FISCAL YEAR.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 356,690,759AGAINST: 15,768,744

CLEVELAND-CLIFFS INC.’s own tally for this item (“Proposal 3: Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2025 This proposal received an affirmative vote of more than a majority of the share”): 356,690,759 for, 15,768,744 against, per its Form 8-K filed 2025-05-21 (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 494,490,795 outstanding shares: 72% for, 3% against (75% of the company cast a for/against vote).

The 88 asset managers below cast 99.9% of the shares they voted on this item FOR (118,267,838 for, 3,490 against).

FOR 99.9%
FOR: 118,267,838 (99.9%)AGAINST: 3,490 (0.0%)ABSTAIN: 106,024 (0.1%)
Largest asset managers voting on “RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,056,9301,154 00For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,037304 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 88 asset managers. See all 88 in the interactive database.

3. Election of Directors: A.M. Yocum

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 8 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 254,108,976WITHHELD: 7,369,917

CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Arlene M. Yocum”): 254,108,976 for, 7,369,917 withheld, per its Form 8-K filed 2025-05-21 (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 494,490,795 outstanding shares: 51.4% for, 1% withheld (52.9% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (118,083,684 for, 0 against).

FOR 99.9%
FOR: 118,083,684 (99.9%)ABSTAIN: 106,026 (0.1%)
Largest asset managers voting on “Election of Directors: A.M. Yocum” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0830 20For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

4. Election of Directors: B. Oren

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 8 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 248,164,857WITHHELD: 13,314,036

CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Ben Oren”): 248,164,857 for, 13,314,036 withheld, per its Form 8-K filed 2025-05-21 (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 494,490,795 outstanding shares: 50.2% for, 3% withheld (52.9% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (118,083,682 for, 0 against).

FOR 99.9%
FOR: 118,083,682 (99.9%)ABSTAIN: 106,028 (0.1%)
Largest asset managers voting on “Election of Directors: B. Oren” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0810 40For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

5. Election of Directors: D.C. Taylor

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 250,804,105WITHHELD: 10,674,788

CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Douglas C. Taylor”): 250,804,105 for, 10,674,788 withheld, per its Form 8-K filed 2025-05-21 (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 494,490,795 outstanding shares: 50.7% for, 2% withheld (52.9% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (117,479,269 for, 0 against).

FOR 99.4%
FOR: 117,479,269 (99.4%)ABSTAIN: 699,491 (0.6%)
Largest asset managers voting on “Election of Directors: D.C. Taylor” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0820 30For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,1600 4050For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,271,2510 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan00 575,0340Abstain
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

6. Election of Directors: G. Stoliar

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 8 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 253,348,977WITHHELD: 8,129,916

CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Gabriel Stoliar”): 253,348,977 for, 8,129,916 withheld, per its Form 8-K filed 2025-05-21 (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 494,490,795 outstanding shares: 51.2% for, 2% withheld (52.9% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (118,083,684 for, 0 against).

FOR 99.9%
FOR: 118,083,684 (99.9%)ABSTAIN: 106,026 (0.1%)
Largest asset managers voting on “Election of Directors: G. Stoliar” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0830 20For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

7. Election of Directors: J.M. Cronin

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 249,809,157WITHHELD: 11,669,736

CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Jane M. Cronin”): 249,809,157 for, 11,669,736 withheld, per its Form 8-K filed 2025-05-21 (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 494,490,795 outstanding shares: 50.5% for, 2% withheld (52.9% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (118,083,683 for, 0 against).

FOR 99.9%
FOR: 118,083,683 (99.9%)ABSTAIN: 106,027 (0.1%)
Largest asset managers voting on “Election of Directors: J.M. Cronin” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0820 30For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

8. Election of Directors: J.T. Baldwin

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 251,352,177WITHHELD: 10,126,716

CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: John T. Baldwin”): 251,352,177 for, 10,126,716 withheld, per its Form 8-K filed 2025-05-21 (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 494,490,795 outstanding shares: 50.8% for, 2% withheld (52.9% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (117,490,220 for, 0 against).

FOR 99.4%
FOR: 117,490,220 (99.4%)ABSTAIN: 699,490 (0.6%)
Largest asset managers voting on “Election of Directors: J.T. Baldwin” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0830 20For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,1600 4050For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan00 575,0340Abstain
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

9. Election of Directors: L. Goncalves

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 8 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 249,696,604WITHHELD: 11,782,289

CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Lourenco Goncalves”): 249,696,604 for, 11,782,289 withheld, per its Form 8-K filed 2025-05-21 (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 494,490,795 outstanding shares: 50.5% for, 2% withheld (52.9% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (118,054,541 for, 0 against).

FOR 99.8%
FOR: 118,054,541 (99.9%)ABSTAIN: 124,219 (0.1%)
Largest asset managers voting on “Election of Directors: L. Goncalves” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0820 30For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,1740 1670For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,271,2510 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

10. Election of Directors: R.A. Bloom

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 8 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 253,509,758WITHHELD: 7,969,135

CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Ron A. Bloom”): 253,509,758 for, 7,969,135 withheld, per its Form 8-K filed 2025-05-21 (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 494,490,795 outstanding shares: 51.3% for, 2% withheld (52.9% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (118,082,532 for, 0 against).

FOR 99.9%
FOR: 118,082,532 (99.9%)ABSTAIN: 107,178 (0.1%)
Largest asset managers voting on “Election of Directors: R.A. Bloom” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,056,9310 1,1540For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

11. Election of Directors: R.S. Michael, III

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 8 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 249,554,549WITHHELD: 11,924,344

CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Ralph S. Michael, III”): 249,554,549 for, 11,924,344 withheld, per its Form 8-K filed 2025-05-21 (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 494,490,795 outstanding shares: 50.5% for, 2% withheld (52.9% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (117,392,111 for, 0 against).

FOR 99.3%
FOR: 117,392,111 (99.3%)ABSTAIN: 797,599 (0.7%)
Largest asset managers voting on “Election of Directors: R.S. Michael, III” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,056,9300 1,1550For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,1600 4050For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan00 575,0340Abstain
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

12. Election of Directors: S.M. Green

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 252,237,286WITHHELD: 9,241,607

CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Susan M. Green”): 252,237,286 for, 9,241,607 withheld, per its Form 8-K filed 2025-05-21 (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 494,490,795 outstanding shares: 51.0% for, 2% withheld (52.9% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (118,083,379 for, 0 against).

FOR 99.9%
FOR: 118,083,379 (99.9%)ABSTAIN: 106,331 (0.1%)
Largest asset managers voting on “Election of Directors: S.M. Green” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0820 30For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,0370 3040For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

13. DIRECTOR

DIRECTOR ELECTIONS

Meeting held 2025-05-15.

100% fund support · no official result

FOR 100%

The 4 asset managers below cast 100% of the shares they voted on this item FOR (187,499 for, 0 against).

FOR: 187,499 (100.0%)
Largest asset managers voting on “DIRECTOR” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Investment Managers Series Trust156,7700 00For
Gabelli28,0000 00For
Tidal Trust III2,6520 00For
BRANDYWINE OAK PRIVATE WEALTH LLC770 00For

14. Approval, on an advisory basis, of Cleveland-Cliffs Inc.'s named executive officers' compensation.

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

Meeting held 2024-05-16 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

75% Majority: yes · of votes cast

FOR 75%AGAINST 25%
FOR: 220,508,328AGAINST: 75,276,815

CLEVELAND-CLIFFS INC.’s own tally for this item (“Proposal 2: Approval, on an Advisory Basis, of our Named Executive Officers' Compensation This proposal received an affirmative vote of more than a majority of the shares present, in person or represented by proxy, at th”): 220,508,328 for, 75,276,815 against, per its Form 8-K filed 2024-05-20 (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 494,490,795 outstanding shares: 45% for, 15% against (60% of the company cast a for/against vote).

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 3,164 against).

AGAINST 100%
AGAINST: 3,164 (100.0%)
Largest asset managers voting on “Approval, on an advisory basis, of Cleveland-Cliffs Inc.'s named executive officers' compensation.” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
COLDSTREAM CAPITAL MANAGEMENT INC03,164 00Against
Echo45 Advisors LLC00 00--

Largest CLEVELAND-CLIFFS INC. shareholders voting in 2024-2025

Ranked by the number of CLEVELAND-CLIFFS INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 494,490,795 shares outstanding at the time of that meeting.

Top CLEVELAND-CLIFFS INC. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 9.93%
2BlackRock 6.63%
3Dimensional 2.44%
4State Street 2.43%
5American Century 1.81%
6Charles Schwab 1.73%
7Fidelity 1.41%
8GEODE CAPITAL MANAGEMENT, LLC 1.35%
9Neuberger Berman 0.86%
10BANK OF AMERICA NA 0.82%

Reported CLEVELAND-CLIFFS INC. ownership

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

CLEVELAND-CLIFFS INC. beneficial owners on record for the 2024-2025 proxy season
Holder % outstanding Disclosure
BlackRock 9.80% 13F
Vanguard Group 9.70% 13F
State Street 4.62% 13F
Dimensional Fund Advisors 4.27% 13F
Citadel Advisors 2.29% 13F
Morgan Stanley 1.71% 13F
BNY Mellon 1.44% 13F
Norges Bank 1.06% 13F
Charles Schwab 0.93% 13F

Percentages above are of 494,490,795 shares outstanding, as reported by CLEVELAND-CLIFFS 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 CLEVELAND-CLIFFS 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 CLEVELAND-CLIFFS INC.'s shareholder meeting held 2025-05-15, in the 2024-2025 proxy season, 490 asset managers reported how they voted in their SEC Form N-PX filings, covering 4,545 separate fund positions. Their filings are grouped here into 14 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 — Approval, on an advisory basis, of Cleveland- Cliffs Inc.'s named executive officers'… — FOR was 91% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: CLEVELAND-CLIFFS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2025-05-21.

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