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DOW INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and DOW INC.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

27Reported items
1,200Asset managers
10,699Fund votes
2025-04-10Meeting date

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

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

Official 2024-2025 meeting results reported by DOW INC.

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

DOW INC. — official shareholder meeting results, meeting held 2025-04-10
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Samuel R. Allen	446,970,421	14,691,886	2,179,949	--	123,063,566	Majority: yes
Elect Director: Gaurdie E. Banister Jr.	448,903,055	12,997,626	1,941,575	--	123,063,566	Majority: yes
Elect Director: Wesley G. Bush	451,314,991	10,663,529	1,863,736	--	123,063,566	Majority: yes
Elect Director: Richard K. Davis	447,595,890	14,367,460	1,878,906	--	123,063,566	Majority: yes
Elect Director: Jerri DeVard	449,801,156	12,196,879	1,844,221	--	123,063,566	Majority: yes
Elect Director: Debra L. Dial	452,579,113	9,425,339	1,837,804	--	123,063,566	Majority: yes
Elect Director: Jeff M. Fettig	433,633,337	28,348,133	1,860,786	--	123,063,566	Majority: yes
Elect Director: Jim Fitterling	429,937,732	32,222,572	1,681,952	--	123,063,566	Majority: yes
Elect Director: Jacqueline C. Hinman	439,016,680	23,069,616	1,755,960	--	123,063,566	Majority: yes
Elect Director: Rebecca B. Liebert	453,867,744	8,255,054	1,719,458	--	123,063,566	Majority: yes
Elect Director: Luis Alberto Moreno	448,381,185	13,610,499	1,850,572	--	123,063,566	Majority: yes
Elect Director: Jill S. Wyant	448,861,425	13,213,560	1,767,271	--	123,063,566	Majority: yes
Elect Director: Daniel W. Yohannes	451,597,520	10,415,086	1,829,650	--	123,063,566	Majority: yes

Source: DOW INC., Form 8-K — read the filing on EDGAR.

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

Each item below shows how the 1,200 asset managers that disclosed a DOW 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 DOW 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 RESOLUTION TO APPROVE EXECUTIVE COMPENSATION

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-10.

Combines 5 wordings of this item as funds reported it.

96% fund support · no official result

FOR 96%

The 1,097 asset managers below cast 96% of the shares they voted on this item FOR (386,483,658 for, 14,125,118 against).

FOR: 386,483,658 (96.5%)AGAINST: 14,125,118 (3.5%)ABSTAIN: 47,951 (0.0%)NOT VOTED: 25,001 (0.0%)UNKNOWN: 287 (0.0%)0: 9 (0.0%)

Largest asset managers voting on “ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION” at DOW INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	91,561,531	0	For
BlackRock	37,660,616	9,209	For
State Street	26,299,694	240,875	For
Capital Group	18,953,523	21,480	For
PZENA INVESTMENT MANAGEMENT LLC	17,613,043	0	For
GEODE CAPITAL MANAGEMENT, LLC	17,536,108	0	For
Fidelity	16,556,126	0	For
Invesco	13,595,931	0	For
Charles Schwab	10,268,280	0	For
Capital Research Global Investors	9,993,719	0	For
Dimensional	7,503,053	0	For
Northern Trust	6,182,619	37,774	For
INVESTMENT CO OF AMERICA	5,500,000	0	For
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	4,816,352	0	For
Cullen Capital Management, LLC	3,505,543	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	80	3,287,394	Against
MELLON INVESTMENTS Corp	2,931,353	0	For
STIFEL NICOLAUS & CO INC \MO\	2,804,071	0	For
First Trust	2,469,124	19,381	For
T. Rowe Price	2,458,664	0	For
Amundi	2,427,452	0	For
BANK OF AMERICA NA	2,142,907	0	For
Legal & General Investment Management Ltd	214	2,085,820	Against
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	2,057,235	0	For
BNY Mellon	1,962,033	0	For

Showing the 25 largest of 1,097 asset managers. See all 1,097 in the interactive database.

2. Election of Directors: Daniel W. Yohannes

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-10.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 451,597,520AGAINST: 10,415,086

DOW INC.’s own tally for this item (“Elect Director: Daniel W. Yohannes”): 451,597,520 for, 10,415,086 against, per its Form 8-K (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 706,861,738 outstanding shares: 64% for, 1% against (65% of the company cast a for/against vote).

The 151 asset managers below cast 99.9% of the shares they voted on this item FOR (186,656,781 for, 63,304 against).

FOR 99.9%

FOR: 186,656,781 (100.0%)AGAINST: 63,304 (0.0%)ABSTAIN: 20,340 (0.0%)UNKNOWN: 287 (0.0%)

Largest asset managers voting on “Election of Directors: Daniel W. Yohannes” at DOW INC., 2024-2025
Asset manager	For	Vote
Vanguard	87,189,708	For
BlackRock	18,216,459	For
Fidelity	16,073,073	For
Capital Group	11,488,755	For
State Street	8,135,093	For
Dimensional	5,860,179	For
INVESTMENT CO OF AMERICA	5,500,000	For
Invesco	5,115,611	For
Charles Schwab	5,072,168	For
First Trust	2,442,616	For
TIAA	1,691,610	For
MFS	1,435,771	For
John Hancock	1,325,314	For
MASTER INVESTMENT PORTFOLIO	1,074,731	For
JPMorgan	962,240	For
Victory Capital	936,112	For
Goldman Sachs	883,041	For
American Century	864,126	For
SEI	714,228	For
Jackson National	693,067	For
ALPS ETF Trust	599,233	For
Voya	591,118	For
Equitable	579,450	For
T. Rowe Price	510,484	For
CULLEN FUNDS TRUST	458,393	For

Showing the 25 largest of 151 asset managers. See all 151 in the interactive database.

3. Election of Directors: Debra L. Dial

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-10.

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 452,579,113AGAINST: 9,425,339

DOW INC.’s own tally for this item (“Elect Director: Debra L. Dial”): 452,579,113 for, 9,425,339 against, per its Form 8-K (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 706,861,738 outstanding shares: 64% for, 1% against (65% of the company cast a for/against vote).

The 151 asset managers below cast 99.9% of the shares they voted on this item FOR (186,656,781 for, 63,304 against).

FOR 99.9%

FOR: 186,656,781 (100.0%)AGAINST: 63,304 (0.0%)ABSTAIN: 20,340 (0.0%)UNKNOWN: 287 (0.0%)

Largest asset managers voting on “Election of Directors: Debra L. Dial” at DOW INC., 2024-2025
Asset manager	For	Vote
Vanguard	87,189,708	For
BlackRock	18,216,459	For
Fidelity	16,073,073	For
Capital Group	11,488,755	For
State Street	8,135,093	For
Dimensional	5,860,179	For
INVESTMENT CO OF AMERICA	5,500,000	For
Invesco	5,115,611	For
Charles Schwab	5,072,168	For
First Trust	2,442,616	For
TIAA	1,691,610	For
MFS	1,435,771	For
John Hancock	1,325,314	For
MASTER INVESTMENT PORTFOLIO	1,074,731	For
JPMorgan	962,240	For
Victory Capital	936,112	For
Goldman Sachs	883,041	For
American Century	864,126	For
SEI	714,228	For
Jackson National	693,067	For
ALPS ETF Trust	599,233	For
Voya	591,118	For
Equitable	579,450	For
T. Rowe Price	510,484	For
CULLEN FUNDS TRUST	458,393	For

Showing the 25 largest of 151 asset managers. See all 151 in the interactive database.

4. Election of Directors: Gaurdie E. Banister Jr.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-10.

Combines 7 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 448,903,055AGAINST: 12,997,626

DOW INC.’s own tally for this item (“Elect Director: Gaurdie E. Banister Jr.”): 448,903,055 for, 12,997,626 against, per its Form 8-K (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 706,861,738 outstanding shares: 64% for, 2% against (65% of the company cast a for/against vote).

The 151 asset managers below cast 99.9% of the shares they voted on this item FOR (186,641,868 for, 80,024 against).

FOR 99.9%

FOR: 186,641,868 (99.9%)AGAINST: 80,024 (0.0%)ABSTAIN: 18,533 (0.0%)UNKNOWN: 287 (0.0%)

Largest asset managers voting on “Election of Directors: Gaurdie E. Banister Jr.” at DOW INC., 2024-2025
Asset manager	For	Vote
Vanguard	87,189,708	For
BlackRock	18,216,459	For
Fidelity	16,073,073	For
Capital Group	11,488,755	For
State Street	8,135,093	For
Dimensional	5,860,179	For
INVESTMENT CO OF AMERICA	5,500,000	For
Invesco	5,115,611	For
Charles Schwab	5,072,168	For
First Trust	2,442,616	For
TIAA	1,691,610	For
MFS	1,435,771	For
John Hancock	1,325,314	For
MASTER INVESTMENT PORTFOLIO	1,074,731	For
JPMorgan	962,240	For
Victory Capital	936,112	For
Goldman Sachs	883,041	For
American Century	864,126	For
SEI	714,228	For
Jackson National	693,067	For
ALPS ETF Trust	599,233	For
Voya	591,118	For
Equitable	579,450	For
T. Rowe Price	510,484	For
CULLEN FUNDS TRUST	458,393	For

Showing the 25 largest of 151 asset managers. See all 151 in the interactive database.

5. Election of Directors: Jacqueline C. Hinman

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-10.

Combines 6 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 439,016,680AGAINST: 23,069,616

DOW INC.’s own tally for this item (“Elect Director: Jacqueline C. Hinman”): 439,016,680 for, 23,069,616 against, per its Form 8-K (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 706,861,738 outstanding shares: 62% for, 3% against (65% of the company cast a for/against vote).

The 151 asset managers below cast 99.6% of the shares they voted on this item FOR (186,146,162 for, 575,730 against).

FOR 99.6%

FOR: 186,146,162 (99.7%)AGAINST: 575,730 (0.3%)ABSTAIN: 18,533 (0.0%)UNKNOWN: 287 (0.0%)

Largest asset managers voting on “Election of Directors: Jacqueline C. Hinman” at DOW INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	87,189,708	0	For
BlackRock	18,206,579	9,880	For
Fidelity	16,073,073	0	For
Capital Group	11,488,755	0	For
State Street	8,133,600	1,493	For
Dimensional	5,860,179	0	For
INVESTMENT CO OF AMERICA	5,500,000	0	For
Invesco	5,115,611	0	For
Charles Schwab	5,072,168	0	For
First Trust	2,442,616	0	For
TIAA	1,691,610	0	For
MFS	1,435,771	0	For
John Hancock	1,325,314	0	For
MASTER INVESTMENT PORTFOLIO	1,074,731	0	For
JPMorgan	962,240	0	For
Victory Capital	936,112	0	For
Goldman Sachs	883,041	0	For
American Century	864,126	0	For
SEI	714,228	0	For
Jackson National	693,067	0	For
ALPS ETF Trust	599,233	0	For
Voya	591,118	0	For
Equitable	579,450	0	For
T. Rowe Price	510,484	0	For
CULLEN FUNDS TRUST	458,393	0	For

Showing the 25 largest of 151 asset managers. See all 151 in the interactive database.

6. Election of Directors: Jeff M. Fettig

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-10.

Combines 5 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 433,633,337AGAINST: 28,348,133

DOW INC.’s own tally for this item (“Elect Director: Jeff M. Fettig”): 433,633,337 for, 28,348,133 against, per its Form 8-K (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 706,861,738 outstanding shares: 61% for, 4% against (65% of the company cast a for/against vote).

The 151 asset managers below cast 99.9% of the shares they voted on this item FOR (186,555,553 for, 166,339 against).

FOR 99.9%

FOR: 186,555,553 (99.9%)AGAINST: 166,339 (0.1%)ABSTAIN: 18,533 (0.0%)UNKNOWN: 287 (0.0%)

Largest asset managers voting on “Election of Directors: Jeff M. Fettig” at DOW INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	87,189,708	0	For
BlackRock	18,216,459	0	For
Fidelity	16,073,073	0	For
Capital Group	11,488,755	0	For
State Street	8,134,791	302	For
Dimensional	5,860,179	0	For
INVESTMENT CO OF AMERICA	5,500,000	0	For
Invesco	5,115,611	0	For
Charles Schwab	5,072,168	0	For
First Trust	2,442,616	0	For
TIAA	1,691,610	0	For
MFS	1,435,771	0	For
John Hancock	1,325,314	0	For
MASTER INVESTMENT PORTFOLIO	1,074,731	0	For
JPMorgan	962,240	0	For
Victory Capital	936,112	0	For
Goldman Sachs	883,041	0	For
American Century	864,126	0	For
SEI	714,228	0	For
Jackson National	693,067	0	For
ALPS ETF Trust	599,233	0	For
Voya	591,118	0	For
Equitable	579,450	0	For
T. Rowe Price	510,484	0	For
CULLEN FUNDS TRUST	458,393	0	For

Showing the 25 largest of 151 asset managers. See all 151 in the interactive database.

7. Election of Directors: Jerri DeVard

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-10.

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 449,801,156AGAINST: 12,196,879

DOW INC.’s own tally for this item (“Elect Director: Jerri DeVard”): 449,801,156 for, 12,196,879 against, per its Form 8-K (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 706,861,738 outstanding shares: 64% for, 2% against (65% of the company cast a for/against vote).

The 151 asset managers below cast 99.9% of the shares they voted on this item FOR (186,656,781 for, 63,304 against).

FOR 99.9%

FOR: 186,656,781 (100.0%)AGAINST: 63,304 (0.0%)ABSTAIN: 20,340 (0.0%)UNKNOWN: 287 (0.0%)

Largest asset managers voting on “Election of Directors: Jerri DeVard” at DOW INC., 2024-2025
Asset manager	For	Vote
Vanguard	87,189,708	For
BlackRock	18,216,459	For
Fidelity	16,073,073	For
Capital Group	11,488,755	For
State Street	8,135,093	For
Dimensional	5,860,179	For
INVESTMENT CO OF AMERICA	5,500,000	For
Invesco	5,115,611	For
Charles Schwab	5,072,168	For
First Trust	2,442,616	For
TIAA	1,691,610	For
MFS	1,435,771	For
John Hancock	1,325,314	For
MASTER INVESTMENT PORTFOLIO	1,074,731	For
JPMorgan	962,240	For
Victory Capital	936,112	For
Goldman Sachs	883,041	For
American Century	864,126	For
SEI	714,228	For
Jackson National	693,067	For
ALPS ETF Trust	599,233	For
Voya	591,118	For
Equitable	579,450	For
T. Rowe Price	510,484	For
CULLEN FUNDS TRUST	458,393	For

Showing the 25 largest of 151 asset managers. See all 151 in the interactive database.

8. Election of Directors: Jill S. Wyant

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-10.

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 448,861,425AGAINST: 13,213,560

DOW INC.’s own tally for this item (“Elect Director: Jill S. Wyant”): 448,861,425 for, 13,213,560 against, per its Form 8-K (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 706,861,738 outstanding shares: 64% for, 2% against (65% of the company cast a for/against vote).

The 151 asset managers below cast 99.9% of the shares they voted on this item FOR (186,641,868 for, 80,024 against).

FOR 99.9%

FOR: 186,641,868 (99.9%)AGAINST: 80,024 (0.0%)ABSTAIN: 18,533 (0.0%)UNKNOWN: 287 (0.0%)

Largest asset managers voting on “Election of Directors: Jill S. Wyant” at DOW INC., 2024-2025
Asset manager	For	Vote
Vanguard	87,189,708	For
BlackRock	18,216,459	For
Fidelity	16,073,073	For
Capital Group	11,488,755	For
State Street	8,135,093	For
Dimensional	5,860,179	For
INVESTMENT CO OF AMERICA	5,500,000	For
Invesco	5,115,611	For
Charles Schwab	5,072,168	For
First Trust	2,442,616	For
TIAA	1,691,610	For
MFS	1,435,771	For
John Hancock	1,325,314	For
MASTER INVESTMENT PORTFOLIO	1,074,731	For
JPMorgan	962,240	For
Victory Capital	936,112	For
Goldman Sachs	883,041	For
American Century	864,126	For
SEI	714,228	For
Jackson National	693,067	For
ALPS ETF Trust	599,233	For
Voya	591,118	For
Equitable	579,450	For
T. Rowe Price	510,484	For
CULLEN FUNDS TRUST	458,393	For

Showing the 25 largest of 151 asset managers. See all 151 in the interactive database.

9. Election of Directors: Jim Fitterling

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-10.

Combines 5 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%

FOR: 429,937,732AGAINST: 32,222,572

DOW INC.’s own tally for this item (“Elect Director: Jim Fitterling”): 429,937,732 for, 32,222,572 against, per its Form 8-K (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 706,861,738 outstanding shares: 61% for, 5% against (65% of the company cast a for/against vote).

The 151 asset managers below cast 99.9% of the shares they voted on this item FOR (186,550,246 for, 169,840 against).

FOR 99.8%

FOR: 186,550,246 (99.9%)AGAINST: 169,840 (0.1%)ABSTAIN: 20,340 (0.0%)UNKNOWN: 287 (0.0%)

Largest asset managers voting on “Election of Directors: Jim Fitterling” at DOW INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	87,189,708	0	For
BlackRock	18,216,459	0	For
Fidelity	16,073,073	0	For
Capital Group	11,488,755	0	For
State Street	8,134,989	104	For
Dimensional	5,860,179	0	For
INVESTMENT CO OF AMERICA	5,500,000	0	For
Invesco	5,115,611	0	For
Charles Schwab	5,072,168	0	For
First Trust	2,442,616	0	For
TIAA	1,691,610	0	For
MFS	1,435,771	0	For
John Hancock	1,325,314	0	For
MASTER INVESTMENT PORTFOLIO	1,074,731	0	For
JPMorgan	962,240	0	For
Victory Capital	936,112	0	For
Goldman Sachs	883,041	0	For
American Century	864,126	0	For
SEI	714,228	0	For
Jackson National	693,067	0	For
ALPS ETF Trust	599,233	0	For
Voya	591,118	0	For
Equitable	579,450	0	For
T. Rowe Price	510,484	0	For
CULLEN FUNDS TRUST	458,393	0	For

Showing the 25 largest of 151 asset managers. See all 151 in the interactive database.

10. Election of Directors: Luis Alberto Moreno

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-10.

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 448,381,185AGAINST: 13,610,499

DOW INC.’s own tally for this item (“Elect Director: Luis Alberto Moreno”): 448,381,185 for, 13,610,499 against, per its Form 8-K (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 706,861,738 outstanding shares: 63% for, 2% against (65% of the company cast a for/against vote).

The 151 asset managers below cast 99.9% of the shares they voted on this item FOR (186,641,868 for, 80,024 against).

FOR 99.9%

FOR: 186,641,868 (99.9%)AGAINST: 80,024 (0.0%)ABSTAIN: 18,533 (0.0%)UNKNOWN: 287 (0.0%)

Largest asset managers voting on “Election of Directors: Luis Alberto Moreno” at DOW INC., 2024-2025
Asset manager	For	Vote
Vanguard	87,189,708	For
BlackRock	18,216,459	For
Fidelity	16,073,073	For
Capital Group	11,488,755	For
State Street	8,135,093	For
Dimensional	5,860,179	For
INVESTMENT CO OF AMERICA	5,500,000	For
Invesco	5,115,611	For
Charles Schwab	5,072,168	For
First Trust	2,442,616	For
TIAA	1,691,610	For
MFS	1,435,771	For
John Hancock	1,325,314	For
MASTER INVESTMENT PORTFOLIO	1,074,731	For
JPMorgan	962,240	For
Victory Capital	936,112	For
Goldman Sachs	883,041	For
American Century	864,126	For
SEI	714,228	For
Jackson National	693,067	For
ALPS ETF Trust	599,233	For
Voya	591,118	For
Equitable	579,450	For
T. Rowe Price	510,484	For
CULLEN FUNDS TRUST	458,393	For

Showing the 25 largest of 151 asset managers. See all 151 in the interactive database.

11. Election of Directors: Rebecca B. Liebert

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-10.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 453,867,744AGAINST: 8,255,054

DOW INC.’s own tally for this item (“Elect Director: Rebecca B. Liebert”): 453,867,744 for, 8,255,054 against, per its Form 8-K (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 706,861,738 outstanding shares: 64% for, 1% against (65% of the company cast a for/against vote).

The 151 asset managers below cast 99.9% of the shares they voted on this item FOR (186,656,781 for, 63,304 against).

FOR 99.9%

FOR: 186,656,781 (100.0%)AGAINST: 63,304 (0.0%)ABSTAIN: 20,340 (0.0%)UNKNOWN: 287 (0.0%)

Largest asset managers voting on “Election of Directors: Rebecca B. Liebert” at DOW INC., 2024-2025
Asset manager	For	Vote
Vanguard	87,189,708	For
BlackRock	18,216,459	For
Fidelity	16,073,073	For
Capital Group	11,488,755	For
State Street	8,135,093	For
Dimensional	5,860,179	For
INVESTMENT CO OF AMERICA	5,500,000	For
Invesco	5,115,611	For
Charles Schwab	5,072,168	For
First Trust	2,442,616	For
TIAA	1,691,610	For
MFS	1,435,771	For
John Hancock	1,325,314	For
MASTER INVESTMENT PORTFOLIO	1,074,731	For
JPMorgan	962,240	For
Victory Capital	936,112	For
Goldman Sachs	883,041	For
American Century	864,126	For
SEI	714,228	For
Jackson National	693,067	For
ALPS ETF Trust	599,233	For
Voya	591,118	For
Equitable	579,450	For
T. Rowe Price	510,484	For
CULLEN FUNDS TRUST	458,393	For

Showing the 25 largest of 151 asset managers. See all 151 in the interactive database.

12. Election of Directors: Richard K. Davis

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-10.

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 447,595,890AGAINST: 14,367,460

DOW INC.’s own tally for this item (“Elect Director: Richard K. Davis”): 447,595,890 for, 14,367,460 against, per its Form 8-K (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 706,861,738 outstanding shares: 63% for, 2% against (65% of the company cast a for/against vote).

The 151 asset managers below cast 99.9% of the shares they voted on this item FOR (186,550,349 for, 171,543 against).

FOR 99.8%

FOR: 186,550,349 (99.9%)AGAINST: 171,543 (0.1%)ABSTAIN: 18,533 (0.0%)UNKNOWN: 287 (0.0%)

Largest asset managers voting on “Election of Directors: Richard K. Davis” at DOW INC., 2024-2025
Asset manager	For	Vote
Vanguard	87,189,708	For
BlackRock	18,216,459	For
Fidelity	16,073,073	For
Capital Group	11,488,755	For
State Street	8,135,093	For
Dimensional	5,860,179	For
INVESTMENT CO OF AMERICA	5,500,000	For
Invesco	5,115,611	For
Charles Schwab	5,072,168	For
First Trust	2,442,616	For
TIAA	1,691,610	For
MFS	1,435,771	For
John Hancock	1,325,314	For
MASTER INVESTMENT PORTFOLIO	1,074,731	For
JPMorgan	962,240	For
Victory Capital	936,112	For
Goldman Sachs	883,041	For
American Century	864,126	For
SEI	714,228	For
Jackson National	693,067	For
ALPS ETF Trust	599,233	For
Voya	591,118	For
Equitable	579,450	For
T. Rowe Price	510,484	For
CULLEN FUNDS TRUST	458,393	For

Showing the 25 largest of 151 asset managers. See all 151 in the interactive database.

13. Election of Directors: Samuel R. Allen

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-10.

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 446,970,421AGAINST: 14,691,886

DOW INC.’s own tally for this item (“Elect Director: Samuel R. Allen”): 446,970,421 for, 14,691,886 against, per its Form 8-K (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 706,861,738 outstanding shares: 63% for, 2% against (65% of the company cast a for/against vote).

The 151 asset managers below cast 99.9% of the shares they voted on this item FOR (186,543,499 for, 178,393 against).

FOR 99.8%

FOR: 186,543,499 (99.9%)AGAINST: 178,393 (0.1%)ABSTAIN: 18,533 (0.0%)UNKNOWN: 287 (0.0%)

Largest asset managers voting on “Election of Directors: Samuel R. Allen” at DOW INC., 2024-2025
Asset manager	For	Vote
Vanguard	87,189,708	For
BlackRock	18,216,459	For
Fidelity	16,073,073	For
Capital Group	11,488,755	For
State Street	8,135,093	For
Dimensional	5,860,179	For
INVESTMENT CO OF AMERICA	5,500,000	For
Invesco	5,115,611	For
Charles Schwab	5,072,168	For
First Trust	2,442,616	For
TIAA	1,691,610	For
MFS	1,435,771	For
John Hancock	1,325,314	For
MASTER INVESTMENT PORTFOLIO	1,074,731	For
JPMorgan	962,240	For
Victory Capital	936,112	For
Goldman Sachs	883,041	For
American Century	864,126	For
SEI	714,228	For
Jackson National	693,067	For
ALPS ETF Trust	599,233	For
Voya	591,118	For
Equitable	579,450	For
T. Rowe Price	510,484	For
CULLEN FUNDS TRUST	458,393	For

Showing the 25 largest of 151 asset managers. See all 151 in the interactive database.

14. Election of Directors: Wesley G. Bush

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-10.

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 451,314,991AGAINST: 10,663,529

DOW INC.’s own tally for this item (“Elect Director: Wesley G. Bush”): 451,314,991 for, 10,663,529 against, per its Form 8-K (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 706,861,738 outstanding shares: 64% for, 2% against (65% of the company cast a for/against vote).

The 151 asset managers below cast 99.9% of the shares they voted on this item FOR (186,656,781 for, 63,304 against).

FOR 99.9%

FOR: 186,656,781 (100.0%)AGAINST: 63,304 (0.0%)ABSTAIN: 20,340 (0.0%)UNKNOWN: 287 (0.0%)

Largest asset managers voting on “Election of Directors: Wesley G. Bush” at DOW INC., 2024-2025
Asset manager	For	Vote
Vanguard	87,189,708	For
BlackRock	18,216,459	For
Fidelity	16,073,073	For
Capital Group	11,488,755	For
State Street	8,135,093	For
Dimensional	5,860,179	For
INVESTMENT CO OF AMERICA	5,500,000	For
Invesco	5,115,611	For
Charles Schwab	5,072,168	For
First Trust	2,442,616	For
TIAA	1,691,610	For
MFS	1,435,771	For
John Hancock	1,325,314	For
MASTER INVESTMENT PORTFOLIO	1,074,731	For
JPMorgan	962,240	For
Victory Capital	936,112	For
Goldman Sachs	883,041	For
American Century	864,126	For
SEI	714,228	For
Jackson National	693,067	For
ALPS ETF Trust	599,233	For
Voya	591,118	For
Equitable	579,450	For
T. Rowe Price	510,484	For
CULLEN FUNDS TRUST	458,393	For

Showing the 25 largest of 151 asset managers. See all 151 in the interactive database.

15. Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2025

AUDIT-RELATED

Meeting held 2025-04-10.

Combines 2 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.8%

The 133 asset managers below cast 99.8% of the shares they voted on this item FOR (178,239,693 for, 234,498 against).

FOR: 178,239,693 (99.9%)AGAINST: 234,498 (0.1%)ABSTAIN: 1,807 (0.0%)

Largest asset managers voting on “Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accoun” at DOW INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	86,096,092	0	For
BlackRock	18,216,459	0	For
Fidelity	16,073,073	0	For
Capital Group	11,488,755	0	For
State Street	8,134,791	302	For
Dimensional	5,860,179	0	For
INVESTMENT CO OF AMERICA	5,500,000	0	For
Invesco	5,115,611	0	For
First Trust	2,442,616	0	For
TIAA	1,691,610	0	For
MFS	1,435,771	0	For
John Hancock	1,325,314	0	For
MASTER INVESTMENT PORTFOLIO	1,074,731	0	For
JPMorgan	962,240	0	For
Victory Capital	936,112	0	For
Goldman Sachs	883,041	0	For
American Century	864,126	0	For
Jackson National	693,067	0	For
ALPS ETF Trust	599,233	0	For
Voya	591,118	0	For
Equitable	579,450	0	For
T. Rowe Price	510,484	0	For
CULLEN FUNDS TRUST	458,393	0	For
LIBERTY ALL STAR EQUITY FUND	355,607	0	For
Transamerica	336,711	0	For

Showing the 25 largest of 133 asset managers. See all 133 in the interactive database.

16. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-10.

Combines 2 wordings of this item as funds reported it.

95% fund support · no official result

FOR 95%

The 33 asset managers below cast 95% of the shares they voted on this item FOR (12,062,467 for, 664,876 against).

FOR: 12,062,467 (94.7%)AGAINST: 664,876 (5.2%)ABSTAIN: 8,850 (0.1%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at DOW INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
JPMorgan	6,925,922	0	0	For
NORDEA INVESTMENT MANAGEMENT AB	2,520,623	0	0	For
STOREBRAND ASSET MANAGEMENT AS	1,065,723	0	0	For
ADAGE CAPITAL PARTNERS GP, L.L.C.	481,600	0	0	For
Ilex Capital Partners (UK) LLP	335,219	0	0	For
TD ASSET MANAGEMENT INC	321,885	0	0	For
Cardano Risk Management B.V.	0	237,175	0	Against
Union Investment Privatfonds GmbH	0	223,943	0	Against
APG Asset Management US Inc.	144,071	0	0	For
GuideStone	101,395	0	0	For
Empower	91,519	0	0	For
Desjardins Global Asset Management Inc.	0	83,220	0	Against
Regime de rentes du Mouvement Desjardins	0	46,351	0	Against
FAYEZ SAROFIM & CO	27,935	0	0	For
OSSIAM	0	24,154	0	Against
TD Waterhouse Canada Inc.	18,310	0	0	For
CLEARWATER INVESTMENT TRUST	0	18,262	0	Against
Metzler Asset Management GmbH	17,003	0	0	For
Union Investment Institutional GmbH	0	14,570	0	Against
HC CAPITAL TRUST	0	9,217	0	Against
MANGROVE PARTNERS IM, LLC	0	0	8,850	Abstain
Athena Investment Management	0	7,984	0	Against
SIERRA SUMMIT ADVISORS LLC	3,347	0	0	For
Convergence Investment Partners, LLC	1,686	0	0	For
Colony Family Offices, LLC	1,418	0	0	For

Showing the 25 largest of 33 asset managers. See all 33 in the interactive database.

17. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-10.

64% fund support · no official result

FOR 62%AGAINST 35%

The 18 asset managers below cast 64% of the shares they voted on this item FOR (264,298 for, 150,257 against).

FOR: 264,298 (61.7%)AGAINST: 150,257 (35.1%)NOT VOTED: 14,102 (3.3%)

Largest asset managers voting on “14A Executive Compensation” at DOW INC., 2024-2025
Asset manager	For	Against	Vote
Focus Partners Wealth	27,118	143,997	Against
HOURGLASS CAPITAL, LLC	138,388	0	For
BUTENSKY & COHEN FINANCIAL SECURITY, INC	83,508	0	For
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	Not Voted
Baker Avenue Asset Management, LP	8,553	0	For
COURIER CAPITAL LLC	0	4,034	Against
ESL Trust Services, LLC	2,027	0	For
Campion Asset Management	0	1,938	Against
Claret Asset Management Corp	1,739	0	For
OLD SECOND NATIONAL BANK OF AURORA	1,307	0	For
WESPAC Advisors SoCal, LLC	800	0	For
WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV	0	288	Against
Blue Edge Capital, LLC	278	0	For
VOISARD ASSET MANAGEMENT GROUP, INC.	236	0	For
MQS Management LLC	160	0	For
Simplify Exchange Traded Funds	116	0	For
Williamson Legacy Group, LLC	48	0	For
Moisand Fitzgerald Tamayo, LLC	20	0	For

18. Ratification of the Appointment of Deloitte & Touche LLP as the Company'ss Independent Registered Public Accounting Firm for 2025

AUDIT-RELATED

Meeting held 2025-04-10.

99% fund support · no official result

FOR 99%

The 17 asset managers below cast 99% of the shares they voted on this item FOR (7,669,473 for, 83,509 against).

FOR: 7,669,473 (98.7%)AGAINST: 83,509 (1.1%)ABSTAIN: 18,533 (0.2%)

Largest asset managers voting on “Ratification of the Appointment of Deloitte & Touche LLP as the Company'ss Independent Registered Public Accou” at DOW INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Charles Schwab	5,072,168	0	0	For
Vanguard	1,093,616	0	0	For
SEI	714,228	0	0	For
Global X	354,124	79,939	0	For
Prudential/PGIM	161,368	0	0	For
VanEck ETF Trust	65,376	0	0	For
DoubleLine ETF Trust	56,314	0	0	For
Russell Investments	49,258	0	0	For
Venerable Variable Insurance Trust	45,533	0	0	For
Hartford	27,386	849	0	For
Brighthouse	0	2,721	18,533	Abstain
TCW ETF Trust	10,134	0	0	For
INTEGRITY FUNDS	9,000	0	0	For
NEW COVENANT FUNDS	6,392	0	0	For
Adviser Managed Trust	3,739	0	0	For
Advisors' Inner Circle Fund III	547	0	0	For
Federated Hermes	290	0	0	For

19. Ratify Appointment of Independent Auditors

AUDIT-RELATED

Meeting held 2025-04-10.

Combines 2 wordings of this item as funds reported it.

14% fund support · no official result

FOR 14%AGAINST 86%

The 7 asset managers below cast 14% of the shares they voted on this item FOR (38,781 for, 237,175 against).

FOR: 38,781 (14.1%)AGAINST: 237,175 (85.9%)

Largest asset managers voting on “Ratify Appointment of Independent Auditors” at DOW INC., 2024-2025
Asset manager	For	Against	Vote
Cardano Risk Management B.V.	0	237,175	Against
MARCO INVESTMENT MANAGEMENT LLC	35,631	0	For
ESL Trust Services, LLC	2,027	0	For
NORTHERN LIGHTS FUND TRUST III	723	0	For
VOISARD ASSET MANAGEMENT GROUP, INC.	236	0	For
Simplify Exchange Traded Funds	116	0	For
Williamson Legacy Group, LLC	48	0	For

20. Advisory Resolution to Approve Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-04-11 (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.

100% fund support · no official result

FOR 100%

The 7 asset managers below cast 100% of the shares they voted on this item FOR (18,210 for, 0 against).

FOR: 18,210 (100.0%)

Largest asset managers voting on “Advisory Resolution to Approve Executive Compensation” at DOW INC., 2024-2025
Asset manager	For	Vote
Ipswich Investment Management Co., Inc.	8,622	For
COLDSTREAM CAPITAL MANAGEMENT INC	4,348	For
VAUGHAN DAVID INVESTMENTS LLC/IL	2,687	For
Americana Partners, LLC	1,701	For
DIVIDEND ASSETS CAPITAL, LLC	558	For
Axiom Financial Strategies, LLC	294	For
Echo45 Advisors LLC	0	--

21. Say on Pay

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-10.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 5 asset managers below cast 100% of the shares they voted on this item FOR (1,476,099 for, 0 against).

FOR: 1,476,099 (100.0%)

Largest asset managers voting on “Say on Pay” at DOW INC., 2024-2025
Asset manager	For	Vote
Empower	1,448,461	For
Recurrent Investment Advisors LLC	26,698	For
WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV	481	For
Ramsay, Stattman, Vela & Price, Inc.	288	For
CAPITAL MANAGEMENT CORP /VA	171	For

22. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

Meeting held 2025-04-10.

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 DOW INC., 2024-2025
Asset manager	For	Vote
ESL Trust Services, LLC	2,027	For
VOISARD ASSET MANAGEMENT GROUP, INC.	236	For
Simplify Exchange Traded Funds	116	For
Williamson Legacy Group, LLC	48	For

23. Ratify Deloitte & Touche LLP as Auditors

AUDIT-RELATED

Meeting held 2025-04-10.

58% fund support · no official result

FOR 58%AGAINST 42%

The 4 asset managers below cast 58% of the shares they voted on this item FOR (128,874 for, 91,519 against).

FOR: 128,874 (58.5%)AGAINST: 91,519 (41.5%)

Largest asset managers voting on “Ratify Deloitte & Touche LLP as Auditors” at DOW INC., 2024-2025
Asset manager	For	Against	Vote
GuideStone	101,395	0	For
Empower	0	91,519	Against
CLEARWATER INVESTMENT TRUST	18,262	0	For
HC CAPITAL TRUST	9,217	0	For

24. Advisory vote to Approve Named Executive Officer Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-10.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (6,533 for, 0 against).

FOR: 6,533 (100.0%)

Largest asset managers voting on “Advisory vote to Approve Named Executive Officer Compensation” at DOW INC., 2024-2025
Asset manager	For	Vote
NTV ASSET MANAGEMENT LLC	5,957	For
EAGLE HARBOR ASSET MANAGEMENT INC /ADV	444	For
Parisi Gray Wealth Management	132	For

25. Approval of Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-10.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,273 for, 0 against).

FOR: 1,273 (100.0%)

Largest asset managers voting on “Approval of Executive Compensation” at DOW INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Roble, Belko & Company, Inc	1,248	0	0	0	For
Antonelli Financial Advisors, LLC	25	0	0	0	For

26. COMPENSATION

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-10.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,411 for, 0 against).

FOR: 1,411 (100.0%)

Largest asset managers voting on “COMPENSATION” at DOW INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Members Trust Co	890	0	0	0	For
Capital Group	521	0	0	0	For

27. SECTION 14A SAY-ON-PAY VOTES

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-10.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,042 for, 0 against).

FOR: 1,042 (100.0%)

Largest asset managers voting on “SECTION 14A SAY-ON-PAY VOTES” at DOW INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Lido Advisors, LLC	1,000	0	0	0	For
Pinnacle Family Advisors, LLC	42	0	0	0	For

Largest DOW INC. shareholders voting in 2024-2025

Ranked by the number of DOW INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 706,861,738 shares outstanding at the time of that meeting.

Top DOW INC. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	12.95%
2	BlackRock	5.33%
3	State Street	3.75%
4	Capital Group	2.68%
5	PZENA INVESTMENT MANAGEMENT LLC	2.49%
6	GEODE CAPITAL MANAGEMENT, LLC	2.48%
7	Fidelity	2.34%
8	Invesco	1.92%
9	Charles Schwab	1.46%
10	Capital Research Global Investors	1.41%

Reported DOW INC. ownership

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

DOW INC. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	11.74%	13F
BlackRock	6.98%	13F
State Street	4.37%	13F
Morgan Stanley	1.80%	13F
Invesco	1.39%	13F
JPMorgan Chase	1.37%	13F
Dimensional Fund Advisors	1.16%	13F
Norges Bank	1.13%	13F
Northern Trust	0.93%	13F

Percentages above are of 706,861,738 shares outstanding, as reported by DOW 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 DOW 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 DOW INC.'s shareholder meeting held 2025-04-10, in the 2024-2025 proxy season, 1,200 asset managers reported how they voted in their SEC Form N-PX filings, covering 10,699 separate fund positions. Their filings are grouped here into 27 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. DOW 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 RESOLUTION TO APPROVE EXECUTIVE 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.

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