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FORTINET INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and FORTINET INC.’s Form 8-K, filed 2025-06-18 (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 27Reported items
  • 983Asset managers
  • 11,998Fund votes
  • 2025-06-13Meeting date

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

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

Official 2024-2025 meeting results reported by FORTINET INC.

These tallies are FORTINET INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-06-18 (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.

FORTINET INC. — official shareholder meeting results, meeting held 2025-06-13
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Ken Xie 547,398,73337,943,8640 --80,287,187 Majority: yes
Elect Director: Michael Xie 578,695,6236,646,9740 --80,287,187 Majority: yes
Elect Director: Kenneth A. Goldman 575,785,9779,556,6200 --80,287,187 Majority: yes
Elect Director: Ming Hsieh 563,913,65921,428,9380 --80,287,187 Majority: yes
Elect Director: Jean Hu 584,338,0961,004,5010 --80,287,187 Majority: yes
Elect Director: Janet Napolitano 583,669,1091,673,4880 --80,287,187 Majority: yes
Elect Director: William Neukom 529,552,30255,790,2950 --80,287,187 Majority: yes
Elect Director: Judith Sim 561,206,29724,136,3000 --80,287,187 Majority: yes
Elect Director: Admiral James Stavridis (Ret) 545,178,68240,163,9150 --80,287,187 Majority: yes

Source: FORTINET INC., Form 8-K, filed with the SEC on 2025-06-18 — read the filing on EDGAR.

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

Each item below shows how the 983 asset managers that disclosed a FORTINET 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 FORTINET INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Advisory vote to approve named executive officer compensation, as disclosed in the Proxy Statement.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-13.

Combines 6 wordings of this item as funds reported it.

87% fund support · no official result

FOR 87%13%

The 893 asset managers below cast 87% of the shares they voted on this item FOR (361,743,087 for, 52,370,624 against).

FOR: 361,743,087 (86.8%)AGAINST: 52,370,624 (12.6%)ABSTAIN: 2,687,438 (0.6%)NOT VOTED: 31,142 (0.0%)0: 121 (0.0%)
Largest asset managers voting on “Advisory vote to approve named executive officer compensation, as disclosed in the Proxy Statement.” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard74,486,64515 10For
BlackRock38,385,732435,809 00For
Fidelity27,737,2190 00For
State Street24,588,01587,861 00For
GEODE CAPITAL MANAGEMENT, LLC16,102,1140 00For
T. Rowe Price13,181,2360 00For
Invesco12,036,8790 00For
FUNDSMITH INVESTMENT SERVICES LTD.011,010,451 00Against
Charles Schwab8,280,9250 00For
Legal & General Investment Management Ltd65,2088,227,018 00Against
Northern Trust5,426,38725,872 00For
BESSEMER TRUST Co NATIONAL ASSOCIATION5,418,2580 00For
Amundi05,370,041 00Against
First Trust4,737,5700 00For
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP4,432,788207,747 00For
SCHRODER INVESTMENT MANAGEMENT GROUP04,140,127 00Against
Federated Hermes4,057,7000 00For
AQR3,750,3230 00For
BESSEMER TRUST Co OF FLORIDA3,734,6150 00For
Bessemer Trust CO of Delaware, N.A.3,483,4910 00For
Swedbank Robur Fonder AB03,310,361 00Against
BESSEMER TRUST CO3,295,9600 00For
MELLON INVESTMENTS Corp3,254,2380 00For
BESSEMER INVESTMENT MANAGEMENT LLC3,203,7100 00For
Bessemer Trust Co of California, N.A.3,203,7100 00For

Showing the 25 largest of 893 asset managers. See all 893 in the interactive database.

2. To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until their respective successors have been duly elected and qualified: Ken Xie

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-13.

Combines 7 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 547,398,733AGAINST: 37,943,864

FORTINET INC.’s own tally for this item (“Elect Director: Ken Xie”): 547,398,733 for, 37,943,864 against, per its Form 8-K filed 2025-06-18 (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 769,200,000 outstanding shares: 71% for, 5% against (76% of the company cast a for/against vote).

The 169 asset managers below cast 99.8% of the shares they voted on this item FOR (157,834,520 for, 229,815 against).

FOR 99.8%
FOR: 157,834,520 (99.9%)AGAINST: 229,815 (0.1%)ABSTAIN: 1,841 (0.0%)
Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard70,371,0629 00For
Fidelity20,565,8330 00For
BlackRock13,572,6060 00For
State Street7,143,34054 00For
T. Rowe Price4,681,6630 00For
Invesco4,633,9740 00For
First Trust4,299,2510 00For
Charles Schwab4,096,7510 00For
Federated Hermes1,716,0170 00For
OLD WESTBURY FUNDS INC1,601,8550 00For
TIAA1,514,2860 00For
Global X1,456,6750 00For
Jackson National1,321,4970 00For
ProShares1,269,7580 00For
Thrivent1,225,4430 00For
MASTER INVESTMENT PORTFOLIO1,049,2640 00For
Amplify ETF Trust1,002,7510 00For
Victory Capital886,4070 00For
Franklin Custodian Funds850,0000 00For
Legg Mason822,4310 00For
American Century797,9670 00For
Equitable688,6220 00For
Columbia Threadneedle681,8300 00For
AQR587,1750 00For
Six Circles Trust555,5470 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

3. To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until their respective successors have been duly elected and qualified: Michael Xie

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-13.

Combines 7 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 578,695,623AGAINST: 6,646,974

FORTINET INC.’s own tally for this item (“Elect Director: Michael Xie”): 578,695,623 for, 6,646,974 against, per its Form 8-K filed 2025-06-18 (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 769,200,000 outstanding shares: 75% for, 0.9% against (76% of the company cast a for/against vote).

The 169 asset managers below cast 99.8% of the shares they voted on this item FOR (157,897,417 for, 166,918 against).

FOR 99.8%
FOR: 157,897,417 (99.9%)AGAINST: 166,918 (0.1%)ABSTAIN: 1,841 (0.0%)
Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard70,371,0692 00For
Fidelity20,565,8330 00For
BlackRock13,572,6060 00For
State Street7,143,34054 00For
T. Rowe Price4,681,6630 00For
Invesco4,633,9740 00For
First Trust4,299,2510 00For
Charles Schwab4,096,7510 00For
Federated Hermes1,716,0170 00For
OLD WESTBURY FUNDS INC1,601,8550 00For
TIAA1,514,2860 00For
Global X1,456,6750 00For
Jackson National1,321,4970 00For
ProShares1,269,7580 00For
Thrivent1,225,4430 00For
MASTER INVESTMENT PORTFOLIO1,049,2640 00For
Amplify ETF Trust1,002,7510 00For
Victory Capital886,4070 00For
Franklin Custodian Funds850,0000 00For
Legg Mason822,4310 00For
American Century797,9670 00For
Equitable688,6220 00For
Columbia Threadneedle681,8300 00For
AQR587,1750 00For
Six Circles Trust555,5470 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

4. To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until their respective successors have been duly elected and qualified: Kenneth A. Goldman

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-13.

Combines 9 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 575,785,977AGAINST: 9,556,620

FORTINET INC.’s own tally for this item (“Elect Director: Kenneth A. Goldman”): 575,785,977 for, 9,556,620 against, per its Form 8-K filed 2025-06-18 (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 769,200,000 outstanding shares: 75% for, 1% against (76% of the company cast a for/against vote).

The 169 asset managers below cast 99.8% of the shares they voted on this item FOR (157,843,860 for, 220,475 against).

FOR 99.8%
FOR: 157,843,860 (99.9%)AGAINST: 220,475 (0.1%)ABSTAIN: 1,841 (0.0%)
Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard70,371,0692 00For
Fidelity20,565,8330 00For
BlackRock13,572,6060 00For
State Street7,143,3940 00For
T. Rowe Price4,681,6630 00For
Invesco4,633,9740 00For
First Trust4,299,2510 00For
Charles Schwab4,096,7510 00For
Federated Hermes1,716,0170 00For
OLD WESTBURY FUNDS INC1,601,8550 00For
TIAA1,514,2860 00For
Global X1,456,6750 00For
Jackson National1,321,4970 00For
ProShares1,269,7580 00For
Thrivent1,225,4430 00For
MASTER INVESTMENT PORTFOLIO1,049,2640 00For
Amplify ETF Trust1,002,7510 00For
Victory Capital886,4070 00For
Franklin Custodian Funds850,0000 00For
Legg Mason822,4310 00For
American Century797,9670 00For
Equitable688,6220 00For
Columbia Threadneedle681,8300 00For
AQR587,1750 00For
Six Circles Trust555,5470 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

5. To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until their respective successors have been duly elected and qualified: Ming Hsieh

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-13.

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 563,913,659AGAINST: 21,428,938

FORTINET INC.’s own tally for this item (“Elect Director: Ming Hsieh”): 563,913,659 for, 21,428,938 against, per its Form 8-K filed 2025-06-18 (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 769,200,000 outstanding shares: 73% for, 3% against (76% of the company cast a for/against vote).

The 169 asset managers below cast 99.7% of the shares they voted on this item FOR (157,656,419 for, 407,916 against).

FOR 99.7%
FOR: 157,656,419 (99.7%)AGAINST: 407,916 (0.3%)ABSTAIN: 1,841 (0.0%)
Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard70,371,0665 00For
Fidelity20,565,8330 00For
BlackRock13,572,6060 00For
State Street7,143,279115 00For
T. Rowe Price4,681,6630 00For
Invesco4,633,9740 00For
First Trust4,299,2510 00For
Charles Schwab4,096,7510 00For
Federated Hermes1,716,0170 00For
OLD WESTBURY FUNDS INC1,601,8550 00For
TIAA1,514,2860 00For
Global X1,456,6750 00For
Jackson National1,321,4970 00For
ProShares1,269,7580 00For
Thrivent1,225,4430 00For
MASTER INVESTMENT PORTFOLIO1,049,2640 00For
Amplify ETF Trust1,002,7510 00For
Victory Capital886,4070 00For
Franklin Custodian Funds850,0000 00For
Legg Mason822,4310 00For
American Century797,9670 00For
Equitable688,6220 00For
Columbia Threadneedle681,8300 00For
AQR587,1750 00For
Six Circles Trust555,5470 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

6. To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until their respective successors have been duly elected and qualified: Jean Hu

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-13.

Combines 7 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%
FOR: 584,338,096AGAINST: 1,004,501

FORTINET INC.’s own tally for this item (“Elect Director: Jean Hu”): 584,338,096 for, 1,004,501 against, per its Form 8-K filed 2025-06-18 (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 769,200,000 outstanding shares: 76% for, 0.2% against (76% of the company cast a for/against vote).

The 169 asset managers below cast 99.8% of the shares they voted on this item FOR (157,878,162 for, 186,173 against).

FOR 99.8%
FOR: 157,878,162 (99.9%)AGAINST: 186,173 (0.1%)ABSTAIN: 1,841 (0.0%)
Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard70,371,0710 00For
Fidelity20,565,8330 00For
BlackRock13,572,6060 00For
State Street7,143,3940 00For
T. Rowe Price4,681,6630 00For
Invesco4,633,9740 00For
First Trust4,299,2510 00For
Charles Schwab4,096,7510 00For
Federated Hermes1,716,0170 00For
OLD WESTBURY FUNDS INC1,601,8550 00For
TIAA1,514,2860 00For
Global X1,456,6750 00For
Jackson National1,321,4970 00For
ProShares1,269,7580 00For
Thrivent1,225,4430 00For
MASTER INVESTMENT PORTFOLIO1,049,2640 00For
Amplify ETF Trust1,002,7510 00For
Victory Capital886,4070 00For
Franklin Custodian Funds850,0000 00For
Legg Mason822,4310 00For
American Century797,9670 00For
Equitable688,6220 00For
Columbia Threadneedle681,8300 00For
AQR587,1750 00For
Six Circles Trust555,5470 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

7. To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until their respective successors have been duly elected and qualified: Janet Napolitano

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-13.

Combines 7 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%
FOR: 583,669,109AGAINST: 1,673,488

FORTINET INC.’s own tally for this item (“Elect Director: Janet Napolitano”): 583,669,109 for, 1,673,488 against, per its Form 8-K filed 2025-06-18 (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 769,200,000 outstanding shares: 76% for, 0.3% against (76% of the company cast a for/against vote).

The 169 asset managers below cast 99.8% of the shares they voted on this item FOR (157,880,294 for, 184,040 against).

FOR 99.8%
FOR: 157,880,294 (99.9%)AGAINST: 184,040 (0.1%)ABSTAIN: 1,841 (0.0%)
Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard70,371,0710 00For
Fidelity20,565,8330 00For
BlackRock13,572,6060 00For
State Street7,143,3940 00For
T. Rowe Price4,681,6630 00For
Invesco4,633,9740 00For
First Trust4,299,2510 00For
Charles Schwab4,096,7510 00For
Federated Hermes1,716,0170 00For
OLD WESTBURY FUNDS INC1,601,8550 00For
TIAA1,514,2860 00For
Global X1,456,6750 00For
Jackson National1,321,4970 00For
ProShares1,269,7580 00For
Thrivent1,225,4430 00For
MASTER INVESTMENT PORTFOLIO1,049,2640 00For
Amplify ETF Trust1,002,7510 00For
Victory Capital886,4070 00For
Franklin Custodian Funds850,0000 00For
Legg Mason822,4310 00For
American Century797,9670 00For
Equitable688,6220 00For
Columbia Threadneedle681,8300 00For
AQR587,1750 00For
Six Circles Trust555,5470 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

8. To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until their respective successors have been duly elected and qualified: William H. Neukom

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-13.

Combines 8 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%10%
FOR: 529,552,302AGAINST: 55,790,295

FORTINET INC.’s own tally for this item (“Elect Director: William Neukom”): 529,552,302 for, 55,790,295 against, per its Form 8-K filed 2025-06-18 (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 769,200,000 outstanding shares: 69% for, 7% against (76% of the company cast a for/against vote).

The 169 asset managers below cast 94% of the shares they voted on this item FOR (149,127,678 for, 8,931,007 against).

FOR 94%
FOR: 149,127,678 (94.3%)AGAINST: 8,931,007 (5.7%)ABSTAIN: 1,841 (0.0%)
Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard70,371,05912 00For
Fidelity20,565,8330 00For
BlackRock13,572,6060 00For
State Street12,8917,130,503 00Against
T. Rowe Price4,681,6630 00For
Invesco4,633,9740 00For
First Trust4,299,2510 00For
Charles Schwab4,096,7510 00For
Federated Hermes1,716,0170 00For
OLD WESTBURY FUNDS INC1,601,8550 00For
TIAA1,514,2860 00For
Global X1,456,6750 00For
Jackson National1,321,4970 00For
ProShares1,269,7580 00For
Thrivent1,225,4430 00For
MASTER INVESTMENT PORTFOLIO1,049,2640 00For
Amplify ETF Trust01,002,751 00Against
Victory Capital886,4070 00For
Franklin Custodian Funds850,0000 00For
Legg Mason822,4310 00For
American Century797,9670 00For
Equitable688,6220 00For
Columbia Threadneedle681,8300 00For
AQR587,1750 00For
Six Circles Trust555,5470 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

9. To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until their respective successors have been duly elected and qualified: Judith Sim

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-13.

Combines 7 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 561,206,297AGAINST: 24,136,300

FORTINET INC.’s own tally for this item (“Elect Director: Judith Sim”): 561,206,297 for, 24,136,300 against, per its Form 8-K filed 2025-06-18 (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 769,200,000 outstanding shares: 73% for, 3% against (76% of the company cast a for/against vote).

The 169 asset managers below cast 99.8% of the shares they voted on this item FOR (157,849,108 for, 215,227 against).

FOR 99.8%
FOR: 157,849,108 (99.9%)AGAINST: 215,227 (0.1%)ABSTAIN: 1,841 (0.0%)
Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard70,371,0656 00For
Fidelity20,565,8330 00For
BlackRock13,572,6060 00For
State Street7,143,3940 00For
T. Rowe Price4,681,6630 00For
Invesco4,633,9740 00For
First Trust4,299,2510 00For
Charles Schwab4,096,7510 00For
Federated Hermes1,716,0170 00For
OLD WESTBURY FUNDS INC1,601,8550 00For
TIAA1,514,2860 00For
Global X1,456,6750 00For
Jackson National1,321,4970 00For
ProShares1,269,7580 00For
Thrivent1,225,4430 00For
MASTER INVESTMENT PORTFOLIO1,049,2640 00For
Amplify ETF Trust1,002,7510 00For
Victory Capital886,4070 00For
Franklin Custodian Funds850,0000 00For
Legg Mason822,4310 00For
American Century797,9670 00For
Equitable688,6220 00For
Columbia Threadneedle681,8300 00For
AQR587,1750 00For
Six Circles Trust555,5470 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

10. To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until their respective successors have been duly elected and qualified: Admiral James Stavridis (Ret)

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-06-13.

Combines 9 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%
FOR: 545,178,682AGAINST: 40,163,915

FORTINET INC.’s own tally for this item (“Elect Director: Admiral James Stavridis (Ret)”): 545,178,682 for, 40,163,915 against, per its Form 8-K filed 2025-06-18 (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 769,200,000 outstanding shares: 71% for, 5% against (76% of the company cast a for/against vote).

The 169 asset managers below cast 97% of the shares they voted on this item FOR (153,479,211 for, 4,585,124 against).

FOR 97%
FOR: 153,479,211 (97.1%)AGAINST: 4,585,124 (2.9%)ABSTAIN: 1,841 (0.0%)
Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard69,738,682632,389 00For
Fidelity20,565,8330 00For
BlackRock13,028,354544,252 00For
State Street7,143,3940 00For
T. Rowe Price4,681,6630 00For
Invesco4,633,9740 00For
First Trust4,299,2510 00For
Charles Schwab4,096,7510 00For
Federated Hermes1,716,0170 00For
OLD WESTBURY FUNDS INC1,601,8550 00For
TIAA1,514,2860 00For
Global X01,456,675 00Against
Jackson National1,321,4970 00For
ProShares1,269,7580 00For
Thrivent1,225,4430 00For
MASTER INVESTMENT PORTFOLIO1,024,03025,234 00For
Amplify ETF Trust1,002,7510 00For
Victory Capital886,4070 00For
Franklin Custodian Funds0850,000 00Against
Legg Mason822,4310 00For
American Century797,9670 00For
Equitable688,6220 00For
Columbia Threadneedle681,8300 00For
AQR587,1750 00For
Six Circles Trust555,5470 00For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

11. Ratify the appointment of Deloitte & Touche LLP as Fortinet's independent registered public accounting firm for the fiscal year ending December 31, 2025.

AUDIT-RELATED

Meeting held 2025-06-13.

Combines 3 wordings of this item as funds reported it.

99.2% fund support · no official result

FOR 98%

The 163 asset managers below cast 99.2% of the shares they voted on this item FOR (155,061,777 for, 1,146,951 against).

FOR: 155,061,777 (98.4%)AGAINST: 1,146,951 (0.7%)ABSTAIN: 1,394,147 (0.9%)
Largest asset managers voting on “Ratify the appointment of Deloitte & Touche LLP as Fortinet's independent registered public accounting firm fo” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard70,361,8249,246 00For
Fidelity20,565,8330 00For
BlackRock13,572,6060 00For
State Street7,143,279115 00For
T. Rowe Price4,681,6630 00For
Invesco4,633,9740 00For
First Trust4,299,2510 00For
Charles Schwab4,096,7510 00For
Federated Hermes1,716,0170 00For
OLD WESTBURY FUNDS INC1,601,8550 00For
TIAA1,514,2860 00For
Global X1,456,6750 00For
Jackson National1,321,4970 00For
ProShares1,269,7580 00For
Thrivent00 1,225,4430Abstain
MASTER INVESTMENT PORTFOLIO1,049,2640 00For
Amplify ETF Trust01,002,751 00Against
Victory Capital886,4070 00For
Franklin Custodian Funds850,0000 00For
Legg Mason822,4310 00For
American Century797,9670 00For
Equitable688,6220 00For
Columbia Threadneedle681,8300 00For
AQR587,1750 00For
Six Circles Trust555,5470 00For

Showing the 25 largest of 163 asset managers. See all 163 in the interactive database.

12. Stockholder proposal to amend Fortinet's governing documents to require that two separate individuals hold the office of the Chairman of the Board of Directors and the office of the Chief Executive Officer.

CORPORATE GOVERNANCE

Meeting held 2025-06-13.

Combines 3 wordings of this item as funds reported it.

19% fund support · no official result

FOR 19%AGAINST 80%

The 162 asset managers below cast 19% of the shares they voted on this item FOR (29,686,134 for, 126,517,594 against).

FOR: 29,686,134 (18.8%)AGAINST: 126,517,594 (80.3%)ABSTAIN: 1,394,147 (0.9%)
Largest asset managers voting on “Stockholder proposal to amend Fortinet's governing documents to require that two separate individuals hold the” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,102,93769,268,134 00Against
Fidelity169,69820,396,135 00Against
BlackRock560,75413,011,851 00Against
State Street2,5817,140,813 00Against
T. Rowe Price68,7004,612,963 00Against
Invesco4,442,660191,314 00For
First Trust4,299,2510 00For
Charles Schwab04,096,751 00Against
Federated Hermes1,716,0170 00For
OLD WESTBURY FUNDS INC1,601,8550 00For
TIAA01,514,286 00Against
Global X1,456,6750 00For
Jackson National939,312382,185 00For
ProShares1,269,7580 00For
Thrivent00 1,225,4430Abstain
MASTER INVESTMENT PORTFOLIO25,2341,024,030 00Against
Amplify ETF Trust1,002,7510 00For
Victory Capital886,4070 00For
Franklin Custodian Funds850,0000 00For
Legg Mason822,4310 00For
American Century0797,967 00Against
Equitable400,721287,901 00For
Columbia Threadneedle681,8300 00For
AQR587,1750 00For
Six Circles Trust0555,547 00Against

Showing the 25 largest of 162 asset managers. See all 162 in the interactive database.

13. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTESCOMPENSATION

Meeting held 2025-06-13.

Combines 2 wordings of this item as funds reported it.

64% fund support · no official result

FOR 58%AGAINST 33%9%

The 46 asset managers below cast 64% of the shares they voted on this item FOR (15,484,189 for, 8,691,739 against).

FOR: 15,484,189 (58.1%)AGAINST: 8,691,739 (32.6%)ABSTAIN: 2,471,691 (9.3%)
Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Walter Scott & Partners Ltd7,536,8030 00For
NORDEA INVESTMENT MANAGEMENT AB22,8526,204,233 00Against
Sarasin & Partners LLP00 2,470,6350Abstain
DSM CAPITAL PARTNERS LLC2,286,60259,250 00For
APG Asset Management US Inc.1,737,6700 00For
Union Investment Privatfonds GmbH01,375,549 00Against
JPMorgan1,311,5570 00For
OSSIAM0628,129 00Against
ADAGE CAPITAL PARTNERS GP, L.L.C.494,6900 00For
STOREBRAND ASSET MANAGEMENT AS470,4990 00For
TD ASSET MANAGEMENT INC374,6410 00For
Dixon Mitchell Investment Counsel Inc.302,2980 00For
BEACON INVESTMENT ADVISORY SERVICES, INC.258,2370 00For
Cardano Risk Management B.V.0213,841 00Against
TD Waterhouse Canada Inc.192,2030 00For
iA Global Asset Management Inc.114,0890 00For
Desjardins Global Asset Management Inc.0112,288 00Against
Empower90,1960 00For
GuideStone67,0680 00For
Maj Invest Holding A/S63,2520 00For
AMERICAN BEACON FUNDS55,6000 00For
Union Investment Institutional GmbH044,957 00Against
Vinva Investment Management Ltd37,4570 00For
TOBAM026,665 00Against
Regime de rentes du Mouvement Desjardins014,510 00Against

Showing the 25 largest of 46 asset managers. See all 46 in the interactive database.

14. Ratify Appointment of Independent Auditors

AUDIT-RELATED

Meeting held 2025-06-13.

Combines 2 wordings of this item as funds reported it.

22% fund support · no official result

FOR 22%AGAINST 78%

The 10 asset managers below cast 22% of the shares they voted on this item FOR (62,076 for, 213,841 against).

FOR: 62,076 (22.5%)AGAINST: 213,841 (77.5%)
Largest asset managers voting on “Ratify Appointment of Independent Auditors” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cardano Risk Management B.V.0213,841 00Against
AMERICAN BEACON FUNDS55,6000 00For
AMERICAN PENSION INVESTORS TRUST4,9500 00For
NORTHERN LIGHTS FUND TRUST III6500 00For
MARCO INVESTMENT MANAGEMENT LLC4960 00For
Simplify Exchange Traded Funds1780 00For
Northern Lights Fund Trust IV1210 00For
PACE SELECT ADVISORS TRUST410 00For
HARBOUR INVESTMENT MANAGEMENT LLC300 00For
VOISARD ASSET MANAGEMENT GROUP, INC.100 00For

15. 14A Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-13.

97% fund support · no official result

FOR 95%

The 9 asset managers below cast 97% of the shares they voted on this item FOR (40,002 for, 1,425 against).

FOR: 40,002 (94.6%)AGAINST: 1,425 (3.4%)NOT VOTED: 878 (2.1%)
Largest asset managers voting on “14A Executive Compensation” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Focus Partners Wealth31,0671,425 00For
River Street Advisors LLC3,8050 00For
Claret Asset Management Corp3,6340 00For
LEAVELL INVESTMENT MANAGEMENT, INC.00 00Not Voted
MATTERN CAPITAL MANAGEMENT, LLC7650 00For
Baker Avenue Asset Management, LP5130 00For
Simplify Exchange Traded Funds1780 00For
HARBOUR INVESTMENT MANAGEMENT LLC300 00For
VOISARD ASSET MANAGEMENT GROUP, INC.100 00For

16. Require Independent Board Chair

DIRECTOR ELECTIONS

Meeting held 2025-06-13.

100% fund support · no official result

FOR 100%

The 7 asset managers below cast 100% of the shares they voted on this item FOR (201,762 for, 0 against).

FOR: 201,762 (100.0%)
Largest asset managers voting on “Require Independent Board Chair” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Empower90,1960 00For
GuideStone67,0680 00For
Northern Lights Fund Trust13,4740 00For
Northern Lights Variable Trust11,9790 00For
CLEARWATER INVESTMENT TRUST11,8800 00For
HC CAPITAL TRUST6,5150 00For
NORTHERN LIGHTS FUND TRUST III6500 00For

17. Ratify Deloitte & Touche LLP as Auditors

AUDIT-RELATED

Meeting held 2025-06-13.

100% fund support · no official result

FOR 100%

The 6 asset managers below cast 100% of the shares they voted on this item FOR (201,112 for, 0 against).

FOR: 201,112 (100.0%)
Largest asset managers voting on “Ratify Deloitte & Touche LLP as Auditors” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Empower90,1960 00For
GuideStone67,0680 00For
Northern Lights Fund Trust13,4740 00For
Northern Lights Variable Trust11,9790 00For
CLEARWATER INVESTMENT TRUST11,8800 00For
HC CAPITAL TRUST6,5150 00For

18. Advisory vote to approve named executive officer compensation, as disclosed in the Proxy Statement.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2024-06-14 (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.

97% fund support · no official result

FOR 97%

The 6 asset managers below cast 97% of the shares they voted on this item FOR (155,358 for, 5,277 against).

FOR: 155,358 (96.7%)AGAINST: 5,277 (3.3%)
Largest asset managers voting on “Advisory vote to approve named executive officer compensation, as disclosed in the Proxy Statement.” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Knuff & Co LLC119,5550 00For
Seascape Capital Management34,5780 00For
COLDSTREAM CAPITAL MANAGEMENT INC05,277 00Against
Ipswich Investment Management Co., Inc.7250 00For
VAUGHAN DAVID INVESTMENTS LLC/IL5000 00For
Echo45 Advisors LLC00 00--

19. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

Meeting held 2025-06-13.

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 FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
AMERICAN PENSION INVESTORS TRUST4,9500 00For
HARBOUR INVESTMENT MANAGEMENT LLC2700 00For
Simplify Exchange Traded Funds1780 00For
VOISARD ASSET MANAGEMENT GROUP, INC.100 00For

20. S/H Proposal - Corporate Governance

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2025-06-13.

Combines 2 wordings of this item as funds reported it.

6% fund support · no official result

AGAINST 93%

The 4 asset managers below cast 6% of the shares they voted on this item FOR (178 for, 2,740 against).

FOR: 178 (6.0%)AGAINST: 2,740 (92.9%)NOT VOTED: 30 (1.0%)
Largest asset managers voting on “S/H Proposal - Corporate Governance” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Members Trust Co02,730 00Against
Simplify Exchange Traded Funds1780 00For
HARBOUR INVESTMENT MANAGEMENT LLC00 00Not Voted
VOISARD ASSET MANAGEMENT GROUP, INC.010 00Against

21. ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-13.

100% fund support · no official result

FOR 100%

The 4 asset managers below cast 100% of the shares they voted on this item FOR (8,750 for, 0 against).

FOR: 8,750 (100.0%)
Largest asset managers voting on “ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
NTV ASSET MANAGEMENT LLC7,5000 00For
IQ EQ FUND MANAGEMENT (IRELAND) Ltd1,1090 00For
Parisi Gray Wealth Management1300 00For
River Wealth Advisors LLC110 00For

22. Shareholder Proposal Regarding Independent Chair

CORPORATE GOVERNANCE

Meeting held 2025-06-13.

100% fund support · no official result

FOR 100%

The 4 asset managers below cast 100% of the shares they voted on this item FOR (269,603 for, 0 against).

FOR: 269,603 (100.0%)
Largest asset managers voting on “Shareholder Proposal Regarding Independent Chair” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cardano Risk Management B.V.213,8410 00For
AMERICAN BEACON FUNDS55,6000 00For
Northern Lights Fund Trust IV1210 00For
PACE SELECT ADVISORS TRUST410 00For

23. AN ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-13.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (810,069 for, 0 against).

FOR: 810,069 (100.0%)
Largest asset managers voting on “AN ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Fiera Capital Corp809,9820 00For
THOR INVESTMENT MANAGEMENT INC /OH/ /ADV870 00For
IPConcept (Luxemburg) S.A.00 00--

24. Advisory vote to approve named executive officer H, as disclosed in the Proxy Statement.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-13.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (92,480 for, 0 against).

FOR: 92,480 (100.0%)
Largest asset managers voting on “Advisory vote to approve named executive officer H, as disclosed in the Proxy Statement.” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capitol Series Trust88,7600 00For
NORTHERN LIGHTS FUND TRUST III3,7200 00For
SARATOGA ADVANTAGE TRUST00 00--

25. Director Elections

DIRECTOR ELECTIONS

Meeting held 2025-06-13.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (10,641 for, 0 against).

FOR: 10,641 (100.0%)
Largest asset managers voting on “Director Elections” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
X-Square Balanced Fund, LLC7,9110 00For
Members Trust Co2,7300 00For

26. Executive Officer Compensation

COMPENSATION

Meeting held 2025-06-13.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (2,886 for, 0 against).

FOR: 2,886 (100.0%)
Largest asset managers voting on “Executive Officer Compensation” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Ifrah Financial Services, Inc.2,2610 00For
Praetorian Wealth Management, Inc.6250 00For

27. SECTION 14A SAY-ON-PAY VOTES

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-06-13.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,897 for, 0 against).

FOR: 1,897 (100.0%)
Largest asset managers voting on “SECTION 14A SAY-ON-PAY VOTES” at FORTINET INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Lido Advisors, LLC1,8660 00For
Pinnacle Family Advisors, LLC310 00For

Largest FORTINET INC. shareholders voting in 2024-2025

Ranked by the number of FORTINET INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 769,200,000 shares outstanding at the time of that meeting.

Top FORTINET INC. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 9.68%
2BlackRock 5.05%
3Fidelity 3.61%
4State Street 3.21%
5GEODE CAPITAL MANAGEMENT, LLC 2.09%
6T. Rowe Price 1.71%
7Invesco 1.56%
8FUNDSMITH INVESTMENT SERVICES LTD. 1.43%
9Charles Schwab 1.08%
10Legal & General Investment Management Ltd 1.08%

Reported FORTINET INC. ownership

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

FORTINET INC. beneficial owners on record for the 2024-2025 proxy season
Holder % outstanding Disclosure
Ken Xie 9.62% DEF14A
Vanguard Group 9.32% 13F
Michael Xie 9.06% DEF14A
BlackRock 7.62% 13F
State Street 3.68% 13F
BNY Mellon 1.98% 13F
Morgan Stanley 1.28% 13F
Invesco 1.11% 13F
FMR (Fidelity) 1.02% 13F
T. Rowe Price 1.01% 13F

Percentages above are of 769,200,000 shares outstanding, as reported by FORTINET 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 FORTINET 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 FORTINET INC.'s shareholder meeting held 2025-06-13, in the 2024-2025 proxy season, 983 asset managers reported how they voted in their SEC Form N-PX filings, covering 11,998 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. FORTINET INC.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — Advisory vote to approve named executive officer compensation, as disclosed in the Proxy… — the reporting funds cast 87% 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.

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