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Cleveland-Cliffs Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and Cleveland-Cliffs Inc.’s Form 8-K, filed 2026-05-20 (Item 5.07 on EDGAR). Page generated 04 October 2026.

  • 12Reported items
  • 494Asset managers
  • 3,807Fund votes
  • 2026-05-14Meeting date

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

Explore Cleveland-Cliffs Inc. in the interactive database Compare manager voting policies

Official 2025-2026 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 2026-05-20 (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 2026-05-14
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Lourenco Goncalves 325,012,841---- 12,433,346101,429,760 Majority: yes
Elect Director: Ralph S. Michael, III 323,157,420---- 14,288,767101,429,760 Majority: yes
Elect Director: John T. Baldwin 324,604,477---- 12,841,710101,429,760 Majority: yes
Elect Director: Ron A. Bloom 328,361,494---- 9,084,693101,429,760 Majority: yes
Elect Director: Edilson T. Camara 328,766,034---- 8,680,153101,429,760 Majority: yes
Elect Director: Jane M. Cronin 330,193,001---- 7,253,186101,429,760 Majority: yes
Elect Director: Ben Oren 328,724,383---- 8,721,804101,429,760 Majority: yes
Elect Director: Arlene M. Yocum 329,777,762---- 7,668,425101,429,760 Majority: yes
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 the Annual Meeting and entitled to vote. T 283,241,02752,583,7061,621,454 --101,429,760 Majority: yes
Proposal 3: Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2026 This proposal received an affirmative vote of more than a majority of the shares present, in person or represented by p 427,885,1519,601,1631,389,633 ---- Majority: yes

Source: Cleveland-Cliffs Inc., Form 8-K, filed with the SEC on 2026-05-20 — read the filing on EDGAR.

How asset managers voted at the Cleveland-Cliffs Inc. 2025-2026 meeting

Each item below shows how the 494 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 2026-05-14.

Combines 18 wordings of this item as funds reported it.

84% Majority: yes · of votes cast

FOR 84%AGAINST 16%
FOR: 283,241,027AGAINST: 52,583,706

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”): 283,241,027 for, 52,583,706 against, per its Form 8-K filed 2026-05-20 (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 570,397,492 outstanding shares: 49.7% for, 9% against (59% of the company cast a for/against vote).

The 488 asset managers below cast 88% of the shares they voted on this item FOR (254,966,635 for, 34,983,711 against).

FOR 88%12%
FOR: 254,966,635 (87.7%)AGAINST: 34,983,711 (12.0%)ABSTAIN: 600,046 (0.2%)NOT VOTED: 32,323 (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., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard54,382,55832,088 50For
BlackRock45,260,173260,317 00For
State Street30,970,16230,780 00For
Slate Path Capital LP15,949,3800 00For
Charles Schwab15,699,7462,393 00For
Maple Rock Capital Partners Inc.13,694,0160 00For
Fidelity8,546,5342,059,530 00For
GEODE CAPITAL MANAGEMENT, LLC10,238,3880 00For
Dimensional06,111,918 00Against
Turiya Advisors Asia Ltd5,741,7830 00For
Kinetic Partners Management, LP5,243,2000 00For
Neuberger Berman1,2604,995,731 00Against
Northern Trust4,174,9851,130 00For
Global X03,960,381 00Against
SEI03,473,235 00Against
MELLON INVESTMENTS Corp3,241,3480 00For
Invesco3,142,3700 00For
Duquesne Family Office LLC2,900,2550 00For
RBC Dominion Securities Inc.1,947,9930 00For
Two Sigma1,834,2480 00For
Electron Capital Partners, LLC1,673,9630 00For
Nuveen01,641,992 00Against
Man Group plc01,558,787 00Against
TIAA01,525,443 00Against
T. Rowe Price1,426,8500 00For

Showing the 25 largest of 488 asset managers. See all 488 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 2026 FISCAL YEAR.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 427,885,151AGAINST: 9,601,163

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 2026 This proposal received an affirmative vote of more than a majority of the share”): 427,885,151 for, 9,601,163 against, per its Form 8-K filed 2026-05-20 (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 570,397,492 outstanding shares: 75% for, 2% against (77% 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 (139,043,724 for, 103,626 against).

FOR 99.8%
FOR: 139,043,724 (99.8%)AGAINST: 103,626 (0.1%)ABSTAIN: 110,160 (0.1%)NOT VOTED: 448 (0.0%)
Largest asset managers voting on “RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ” at Cleveland-Cliffs Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard49,986,22031,948 20For
BlackRock27,849,5160 00For
State Street19,399,029556 00For
Fidelity9,566,5630 00For
Charles Schwab7,835,8950 00For
Dimensional4,275,0980 00For
Global X3,960,3810 00For
TIAA1,525,3430 00For
Neuberger Berman1,227,8220 00For
SEI1,224,8520 00For
JPMorgan935,4510 00For
Jackson National921,0030 00For
Equitable872,4670 00For
PIMCO610,3850 00For
AIG/SunAmerica514,8960 00For
Invesco489,5880 00For
John Hancock476,6440 00For
MASTER INVESTMENT PORTFOLIO453,6660 00For
Columbia Threadneedle413,9510 00For
TRUST FOR PROFESSIONAL MANAGERS391,5210 00For
Voya384,2280 00For
Northern Trust359,1990 00For
SEI Exchange Traded Funds322,6410 00For
Brighthouse200,7470 110,1580For
VanEck ETF Trust294,0800 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 2026-05-14.

Combines 8 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 329,777,762WITHHELD: 7,668,425

Cleveland-Cliffs Inc.’s own tally for this item (“Elect Director: Arlene M. Yocum”): 329,777,762 for, 7,668,425 withheld, per its Form 8-K filed 2026-05-20 (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 570,397,492 outstanding shares: 58% for, 1% withheld (59% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (139,088,943 for, 0 against).

FOR 99.9%
FOR: 139,088,943 (99.9%)ABSTAIN: 110,181 (0.1%)NOT VOTED: 448 (0.0%)
Largest asset managers voting on “Election of Directors: A.M. Yocum” at Cleveland-Cliffs Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard50,018,1460 230For
BlackRock27,849,5160 00For
State Street19,399,5850 00For
Fidelity9,566,5630 00For
Charles Schwab7,835,8950 00For
Dimensional4,275,0980 00For
Global X3,960,3810 00For
TIAA1,525,3430 00For
Neuberger Berman1,227,8220 00For
SEI1,224,8520 00For
JPMorgan935,4510 00For
Jackson National921,0030 00For
Equitable872,4670 00For
PIMCO610,3850 00For
AIG/SunAmerica514,8960 00For
Invesco489,5880 00For
John Hancock476,6440 00For
MASTER INVESTMENT PORTFOLIO453,6660 00For
Columbia Threadneedle413,9510 00For
TRUST FOR PROFESSIONAL MANAGERS391,5210 00For
Voya384,2280 00For
Northern Trust359,1990 00For
SEI Exchange Traded Funds322,6410 00For
Brighthouse200,7470 110,1580For
VanEck ETF Trust294,0800 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 2026-05-14.

Combines 8 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 328,724,383WITHHELD: 8,721,804

Cleveland-Cliffs Inc.’s own tally for this item (“Elect Director: Ben Oren”): 328,724,383 for, 8,721,804 withheld, per its Form 8-K filed 2026-05-20 (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 570,397,492 outstanding shares: 58% for, 2% withheld (59% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (139,088,941 for, 0 against).

FOR 99.9%
FOR: 139,088,941 (99.9%)ABSTAIN: 110,183 (0.1%)NOT VOTED: 448 (0.0%)
Largest asset managers voting on “Election of Directors: B. Oren” at Cleveland-Cliffs Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard50,018,1440 250For
BlackRock27,849,5160 00For
State Street19,399,5850 00For
Fidelity9,566,5630 00For
Charles Schwab7,835,8950 00For
Dimensional4,275,0980 00For
Global X3,960,3810 00For
TIAA1,525,3430 00For
Neuberger Berman1,227,8220 00For
SEI1,224,8520 00For
JPMorgan935,4510 00For
Jackson National921,0030 00For
Equitable872,4670 00For
PIMCO610,3850 00For
AIG/SunAmerica514,8960 00For
Invesco489,5880 00For
John Hancock476,6440 00For
MASTER INVESTMENT PORTFOLIO453,6660 00For
Columbia Threadneedle413,9510 00For
TRUST FOR PROFESSIONAL MANAGERS391,5210 00For
Voya384,2280 00For
Northern Trust359,1990 00For
SEI Exchange Traded Funds322,6410 00For
Brighthouse200,7470 110,1580For
VanEck ETF Trust294,0800 00For

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

5. Election of Directors: E.T. Camara

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 8 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 328,766,034WITHHELD: 8,680,153

Cleveland-Cliffs Inc.’s own tally for this item (“Elect Director: Edilson T. Camara”): 328,766,034 for, 8,680,153 withheld, per its Form 8-K filed 2026-05-20 (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 570,397,492 outstanding shares: 58% for, 2% withheld (59% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (138,029,074 for, 0 against).

FOR 99.1%
FOR: 138,029,074 (99.2%)ABSTAIN: 1,170,050 (0.8%)NOT VOTED: 448 (0.0%)
Largest asset managers voting on “Election of Directors: E.T. Camara” at Cleveland-Cliffs Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard50,018,1440 250For
BlackRock27,849,5160 00For
State Street19,399,5850 00For
Fidelity8,546,5340 1,020,0290For
Charles Schwab7,835,8950 00For
Dimensional4,275,0980 00For
Global X3,960,3810 00For
TIAA1,525,3430 00For
Neuberger Berman1,227,8220 00For
SEI1,224,8520 00For
JPMorgan935,4510 00For
Jackson National921,0030 00For
Equitable872,4670 00For
PIMCO610,3850 00For
AIG/SunAmerica514,8960 00For
Invesco489,5880 00For
John Hancock476,6440 00For
MASTER INVESTMENT PORTFOLIO453,6660 00For
Columbia Threadneedle413,9510 00For
TRUST FOR PROFESSIONAL MANAGERS391,5210 00For
Voya384,2280 00For
Northern Trust359,1990 00For
SEI Exchange Traded Funds322,6410 00For
Brighthouse200,7470 110,1580For
VanEck ETF Trust294,0800 00For

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

6. Election of Directors: J.M. Cronin

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 8 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 330,193,001WITHHELD: 7,253,186

Cleveland-Cliffs Inc.’s own tally for this item (“Elect Director: Jane M. Cronin”): 330,193,001 for, 7,253,186 withheld, per its Form 8-K filed 2026-05-20 (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 570,397,492 outstanding shares: 58% for, 1% withheld (59% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (139,088,944 for, 0 against).

FOR 99.9%
FOR: 139,088,944 (99.9%)ABSTAIN: 110,180 (0.1%)NOT VOTED: 448 (0.0%)
Largest asset managers voting on “Election of Directors: J.M. Cronin” at Cleveland-Cliffs Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard50,018,1470 220For
BlackRock27,849,5160 00For
State Street19,399,5850 00For
Fidelity9,566,5630 00For
Charles Schwab7,835,8950 00For
Dimensional4,275,0980 00For
Global X3,960,3810 00For
TIAA1,525,3430 00For
Neuberger Berman1,227,8220 00For
SEI1,224,8520 00For
JPMorgan935,4510 00For
Jackson National921,0030 00For
Equitable872,4670 00For
PIMCO610,3850 00For
AIG/SunAmerica514,8960 00For
Invesco489,5880 00For
John Hancock476,6440 00For
MASTER INVESTMENT PORTFOLIO453,6660 00For
Columbia Threadneedle413,9510 00For
TRUST FOR PROFESSIONAL MANAGERS391,5210 00For
Voya384,2280 00For
Northern Trust359,1990 00For
SEI Exchange Traded Funds322,6410 00For
Brighthouse200,7470 110,1580For
VanEck ETF Trust294,0800 00For

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

7. Election of Directors: J.T. Baldwin

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 324,604,477WITHHELD: 12,841,710

Cleveland-Cliffs Inc.’s own tally for this item (“Elect Director: John T. Baldwin”): 324,604,477 for, 12,841,710 withheld, per its Form 8-K filed 2026-05-20 (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 570,397,492 outstanding shares: 57% for, 2% withheld (59% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (136,850,985 for, 0 against).

FOR 98%
FOR: 136,850,985 (98.3%)ABSTAIN: 2,348,139 (1.7%)NOT VOTED: 448 (0.0%)
Largest asset managers voting on “Election of Directors: J.T. Baldwin” at Cleveland-Cliffs Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard49,960,3270 57,8420For
BlackRock27,849,5160 00For
State Street19,378,8150 20,7700For
Fidelity8,546,5340 1,020,0290For
Charles Schwab7,835,8950 00For
Dimensional4,275,0980 00For
Global X3,960,3810 00For
TIAA1,525,3430 00For
Neuberger Berman1,227,8220 00For
SEI1,224,8520 00For
JPMorgan00 935,4510Abstain
Jackson National917,5680 3,4350For
Equitable783,9370 88,5300For
PIMCO610,3850 00For
AIG/SunAmerica514,8960 00For
Invesco489,5880 00For
John Hancock476,6440 00For
MASTER INVESTMENT PORTFOLIO453,6660 00For
Columbia Threadneedle413,9510 00For
TRUST FOR PROFESSIONAL MANAGERS391,5210 00For
Voya384,2280 00For
Northern Trust359,1990 00For
SEI Exchange Traded Funds322,6410 00For
Brighthouse200,7470 110,1580For
VanEck ETF Trust294,0800 00For

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

8. Election of Directors: L. Goncalves

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 325,012,841WITHHELD: 12,433,346

Cleveland-Cliffs Inc.’s own tally for this item (“Elect Director: Lourenco Goncalves”): 325,012,841 for, 12,433,346 withheld, per its Form 8-K filed 2026-05-20 (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 570,397,492 outstanding shares: 57% for, 2% withheld (59% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (137,413,268 for, 0 against).

FOR 99%
FOR: 137,413,268 (98.7%)ABSTAIN: 1,785,856 (1.3%)NOT VOTED: 448 (0.0%)
Largest asset managers voting on “Election of Directors: L. Goncalves” at Cleveland-Cliffs Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard49,960,3280 57,8410For
BlackRock27,849,5160 00For
State Street19,379,1570 20,4280For
Fidelity9,566,5630 00For
Charles Schwab7,835,8950 00For
Dimensional4,275,0980 00For
Global X3,960,3810 00For
TIAA00 1,525,3430Abstain
Neuberger Berman1,227,8220 00For
SEI1,224,8520 00For
JPMorgan935,4510 00For
Jackson National921,0030 00For
Equitable872,4670 00For
PIMCO610,3850 00For
AIG/SunAmerica514,8960 00For
Invesco489,5880 00For
John Hancock476,6440 00For
MASTER INVESTMENT PORTFOLIO453,6660 00For
Columbia Threadneedle413,9510 00For
TRUST FOR PROFESSIONAL MANAGERS391,5210 00For
Voya384,2280 00For
Northern Trust359,1990 00For
SEI Exchange Traded Funds322,6410 00For
Brighthouse200,7470 110,1580For
VanEck ETF Trust294,0800 00For

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

9. Election of Directors: R.A. Bloom

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 8 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 328,361,494WITHHELD: 9,084,693

Cleveland-Cliffs Inc.’s own tally for this item (“Elect Director: Ron A. Bloom”): 328,361,494 for, 9,084,693 withheld, per its Form 8-K filed 2026-05-20 (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 570,397,492 outstanding shares: 58% for, 2% withheld (59% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (139,088,939 for, 0 against).

FOR 99.9%
FOR: 139,088,939 (99.9%)ABSTAIN: 110,185 (0.1%)NOT VOTED: 448 (0.0%)
Largest asset managers voting on “Election of Directors: R.A. Bloom” at Cleveland-Cliffs Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard50,018,1420 270For
BlackRock27,849,5160 00For
State Street19,399,5850 00For
Fidelity9,566,5630 00For
Charles Schwab7,835,8950 00For
Dimensional4,275,0980 00For
Global X3,960,3810 00For
TIAA1,525,3430 00For
Neuberger Berman1,227,8220 00For
SEI1,224,8520 00For
JPMorgan935,4510 00For
Jackson National921,0030 00For
Equitable872,4670 00For
PIMCO610,3850 00For
AIG/SunAmerica514,8960 00For
Invesco489,5880 00For
John Hancock476,6440 00For
MASTER INVESTMENT PORTFOLIO453,6660 00For
Columbia Threadneedle413,9510 00For
TRUST FOR PROFESSIONAL MANAGERS391,5210 00For
Voya384,2280 00For
Northern Trust359,1990 00For
SEI Exchange Traded Funds322,6410 00For
Brighthouse200,7470 110,1580For
VanEck ETF Trust294,0800 00For

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

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

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 323,157,420WITHHELD: 14,288,767

Cleveland-Cliffs Inc.’s own tally for this item (“Elect Director: Ralph S. Michael, III”): 323,157,420 for, 14,288,767 withheld, per its Form 8-K filed 2026-05-20 (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 570,397,492 outstanding shares: 57% for, 3% withheld (59% of the company cast a for/withheld vote).

The 83 asset managers below cast 100% of the shares they voted on this item FOR (136,446,764 for, 0 against).

FOR 98%
FOR: 136,446,764 (98.0%)ABSTAIN: 2,752,360 (2.0%)NOT VOTED: 448 (0.0%)
Largest asset managers voting on “Election of Directors: R.S. Michael, III” at Cleveland-Cliffs Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard49,986,1960 31,9740For
BlackRock27,849,5160 00For
State Street19,399,5850 00For
Fidelity8,546,5340 1,020,0290For
Charles Schwab7,835,8950 00For
Dimensional4,275,0980 00For
Global X3,960,3810 00For
TIAA1,525,3430 00For
Neuberger Berman1,227,8220 00For
SEI1,220,2670 4,5850For
JPMorgan00 935,4510Abstain
Jackson National917,5680 3,4350For
Equitable783,9370 88,5300For
PIMCO610,3850 00For
AIG/SunAmerica514,8960 00For
Invesco489,5880 00For
John Hancock476,6440 00For
MASTER INVESTMENT PORTFOLIO453,6660 00For
Columbia Threadneedle00 413,9510Abstain
TRUST FOR PROFESSIONAL MANAGERS391,5210 00For
Voya384,2280 00For
Northern Trust359,1990 00For
SEI Exchange Traded Funds322,6410 00For
Brighthouse200,7470 110,1580For
VanEck ETF Trust294,0800 00For

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

11. Election of Directors

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2026-05-14.

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 3 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” at Cleveland-Cliffs Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
HARBOUR INVESTMENT MANAGEMENT LLC6,4000 00For
McGowan Group Asset Management, Inc.6600 00For
Meeder Funds4670 00For

12. 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 (outside the 2025-2026 season's 1 July to 30 June window; reported in this season's filings).

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 570,397,492 outstanding shares: 41% for, 4% against (45.5% of the company cast a for/against vote).

The 3 asset managers below cast 95% of the shares they voted on this item FOR (219,746 for, 10,882 against).

FOR 95%
FOR: 219,746 (95.3%)AGAINST: 10,882 (4.7%)
Largest asset managers voting on “Approval, on an advisory basis, of Cleveland-Cliffs Inc.'s named executive officers' compensation.” at Cleveland-Cliffs Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Hodges Capital Management Inc.204,7460 00For
MARATHON CAPITAL MANAGEMENT15,0000 00For
Adirondack Funds010,882 00Against

Largest Cleveland-Cliffs Inc. shareholders voting in 2025-2026

Ranked by the number of Cleveland-Cliffs Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 570,397,492 shares outstanding at the time of that meeting.

Top Cleveland-Cliffs Inc. shareholders by shares voted, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 9.54%
2BlackRock 7.98%
3State Street 5.43%
4Slate Path Capital LP 2.80%
5Charles Schwab 2.75%
6Maple Rock Capital Partners Inc. 2.40%
7Fidelity 1.86%
8GEODE CAPITAL MANAGEMENT, LLC 1.79%
9Dimensional 1.07%
10Turiya Advisors Asia Ltd 1.01%

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 2025-2026 proxy season
Holder % outstanding Disclosure
BlackRock 10.28% 13F
Vanguard Group 9.54% 13F
State Street 6.89% 13F
Dimensional Fund Advisors 2.72% 13F
D.E. Shaw 2.56% 13F
Two Sigma 2.52% 13F
Charles Schwab 1.41% 13F
Citadel Advisors 1.41% 13F
Morgan Stanley 1.38% 13F

Percentages above are of 570,397,492 shares outstanding, as reported by Cleveland-Cliffs Inc. on its Form 10-Q dated 2026-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 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 2026-03-31. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At Cleveland-Cliffs Inc.'s shareholder meeting held 2026-05-14, in the 2025-2026 proxy season, 494 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,807 separate fund positions. Their filings are grouped here into 12 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 84% 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 2026-05-20.

Cleveland-Cliffs Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).