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MCDONALD'S CORP. 2024-2025 Proxy Voting Records

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

33Reported items
1,588Asset managers
20,470Fund votes
2025-05-20Meeting date

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

Explore MCDONALD'S CORP. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by MCDONALD'S CORP.

These tallies are MCDONALD'S CORP.’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.

MCDONALD'S CORP. — official shareholder meeting results, meeting held 2025-05-20
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Anthony Capuano	502,830,112	4,975,785	785,730	--	92,190,173	Majority: yes
Elect Director: Kareem Daniel	500,114,135	7,688,697	788,795	--	92,190,173	Majority: yes
Elect Director: Lloyd Dean	492,877,416	14,591,147	1,123,064	--	92,190,173	Majority: yes
Elect Director: Catherine Engelbert	495,593,281	12,214,385	783,961	--	92,190,173	Majority: yes
Elect Director: Margaret Georgiadis	498,149,102	9,373,721	1,068,804	--	92,190,173	Majority: yes
Elect Director: Michael Hsu	482,570,142	25,216,051	805,434	--	92,190,173	Majority: yes
Elect Director: Christopher Kempczinski	457,257,542	48,596,569	2,737,516	--	92,190,173	Majority: yes
Elect Director: Jennifer Taubert	501,847,722	6,011,116	732,789	--	92,190,173	Majority: yes
Elect Director: Paul Walsh	475,655,397	32,077,734	858,496	--	92,190,173	Majority: yes
Elect Director: Amy Weaver	500,388,315	7,113,832	1,089,480	--	92,190,173	Majority: yes
Elect Director: Miles White	480,433,531	27,336,711	821,385	--	92,190,173	Majority: yes
Proposal 2: An advisory proposal to approve executive compensation.	477,245,245	29,427,948	1,918,434	--	92,190,173	Majority: yes
Proposal 3: proposal to ratify the appointment of Ernst & Young LLP as independent auditor for 2025.	569,670,614	30,164,972	946,214	--	0	Majority: yes
Proposal 4: An advisory shareholder proposal requesting a report related to oversight of advertising risks.	6,129,398	496,714,551	5,747,678	--	92,190,173	Majority: no
Proposal 5: An advisory shareholder proposal requesting disclosure on climate transition plans.	52,706,755	450,336,420	5,548,452	--	92,190,173	Majority: no
Proposal 6: An advisory shareholder proposal to revisit diversity, equity, and inclusion in executive compensation.	7,168,538	498,794,199	2,628,890	--	92,190,173	Majority: no

Source: MCDONALD'S CORP., Form 8-K — read the filing on EDGAR.

How asset managers voted at the MCDONALD'S CORP. 2024-2025 meeting

Each item below shows how the 1,588 asset managers that disclosed a MCDONALD'S CORP. 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 MCDONALD'S CORP.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Advisory vote to approve named executive officer compensation.

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

Meeting held 2025-05-20.

Combines 29 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 477,245,245AGAINST: 29,427,948

MCDONALD'S CORP.’s own tally for this item (“Proposal 2: An advisory proposal to approve executive compensation.”): 477,245,245 for, 29,427,948 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 715,032,727 outstanding shares: 67% for, 4% against (71% of the company cast a for/against vote).

The 1,521 asset managers below cast 95% of the shares they voted on this item FOR (425,701,598 for, 23,093,575 against).

FOR 95%

FOR: 425,701,598 (94.8%)AGAINST: 23,093,575 (5.1%)ABSTAIN: 55,079 (0.0%)NOT VOTED: 60,047 (0.0%)UNKNOWN: 4,458 (0.0%)0: 2,712 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Advisory vote to approve named executive officer compensation.” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	81,947,496	54	3	For
JPMorgan	38,807,983	0	0	For
State Street	22,790,511	253,349	0	For
Fidelity	19,299,275	0	0	For
BlackRock	19,126,720	0	0	For
GEODE CAPITAL MANAGEMENT, LLC	16,410,665	0	0	For
T. Rowe Price	15,443,614	55,529	0	For
Capital Group	13,271,111	2,781	0	For
Wellington	12,132,520	0	0	For
Capital Research Global Investors	9,909,622	0	0	For
Charles Schwab	9,747,694	0	0	For
Northern Trust	7,824,213	38,726	0	For
Invesco	7,435,351	0	0	For
UBS	6,269,349	262,464	0	For
Legal & General Investment Management Ltd	84,212	5,971,401	0	Against
Nuveen	4,994,808	0	0	For
TIAA	3,319,165	0	0	For
MELLON INVESTMENTS Corp	3,288,197	0	0	For
FRANKLIN ADVISERS INC	3,211,580	0	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	0	3,186,453	0	Against
Columbia Threadneedle	2,965,855	0	0	For
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM	2,819,072	0	0	For
BANK OF AMERICA NA	2,752,575	0	0	For
RBC Capital Markets, LLC	2,643,796	0	0	For
FAYEZ SAROFIM & CO	2,326,491	0	0	For

Showing the 25 largest of 1,521 asset managers. See all 1,521 in the interactive database.

2. Advisory Vote to Revisit DEI in Executive Compensation.

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

Meeting held 2025-05-20.

Combines 10 wordings of this item as funds reported it.

1% Majority: no · of votes cast

AGAINST 99%

FOR: 7,168,538AGAINST: 498,794,199

MCDONALD'S CORP.’s own tally for this item (“Proposal 6: An advisory shareholder proposal to revisit diversity, equity, and inclusion in executive compensation.”): 7,168,538 for, 498,794,199 against, per its Form 8-K (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 715,032,727 outstanding shares: 1% for, 70% against (71% of the company cast a for/against vote).

The 261 asset managers below cast 0.1% of the shares they voted on this item FOR (47,074 for, 186,215,114 against).

AGAINST 99.7%

FOR: 47,074 (0.0%)AGAINST: 186,215,114 (99.8%)ABSTAIN: 348,280 (0.2%)UNKNOWN: 4,458 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Advisory Vote to Revisit DEI in Executive Compensation.” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	10	77,233,523	5	Against
BlackRock	0	19,126,720	0	Against
Fidelity	0	17,043,357	0	Against
Capital Group	0	10,423,617	0	Against
JPMorgan	0	9,972,843	0	Against
State Street	0	5,964,176	0	Against
T. Rowe Price	0	4,835,470	0	Against
Charles Schwab	0	4,121,643	0	Against
Invesco	0	3,294,427	0	Against
TIAA	0	3,269,573	0	Against
Columbia Threadneedle	0	2,820,856	0	Against
FRANKLIN MANAGED TRUST	0	1,885,500	0	Against
INVESTMENT CO OF AMERICA	0	1,866,626	0	Against
Jackson National	0	1,569,050	0	Against
Dimensional	0	1,267,883	0	Against
MASTER INVESTMENT PORTFOLIO	0	1,120,159	0	Against
WisdomTree	0	1,056,494	0	Against
Hartford	0	1,053,367	0	Against
Bridge Builder Trust	0	984,961	0	Against
CITY NATIONAL ROCHDALE FUNDS	0	886,796	0	Against
ProShares	0	839,561	0	Against
Franklin Custodian Funds	0	750,000	0	Against
Equitable	0	725,571	0	Against
Nuveen	0	652,565	0	Against
Prudential/PGIM	0	614,396	0	Against

Showing the 25 largest of 261 asset managers. See all 261 in the interactive database.

3. Advisory Vote to Ratify the Appointment of Ernst & Young LLP as Independent Auditor for 2025.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-05-20.

Combines 9 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 569,670,614AGAINST: 30,164,972

MCDONALD'S CORP.’s own tally for this item (“Proposal 3: proposal to ratify the appointment of Ernst & Young LLP as independent auditor for 2025.”): 569,670,614 for, 30,164,972 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 715,032,727 outstanding shares: 80% for, 4% against (84% of the company cast a for/against vote).

The 239 asset managers below cast 99.6% of the shares they voted on this item FOR (185,949,959 for, 624,242 against).

FOR 99.6%

FOR: 185,949,959 (99.7%)AGAINST: 624,242 (0.3%)ABSTAIN: 17,800 (0.0%)UNKNOWN: 4,458 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Advisory Vote to Ratify the Appointment of Ernst & Young LLP as Independent Auditor for 2025.” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	77,207,833	25,704	1	For
BlackRock	19,126,720	0	0	For
Fidelity	17,043,357	0	0	For
Capital Group	10,423,617	0	0	For
JPMorgan	9,972,843	0	0	For
State Street	5,964,059	117	0	For
T. Rowe Price	4,835,470	0	0	For
Charles Schwab	4,121,643	0	0	For
Invesco	3,294,427	0	0	For
TIAA	3,269,573	0	0	For
Columbia Threadneedle	2,820,856	0	0	For
FRANKLIN MANAGED TRUST	1,885,500	0	0	For
INVESTMENT CO OF AMERICA	1,866,626	0	0	For
Jackson National	1,569,050	0	0	For
Dimensional	1,267,883	0	0	For
MASTER INVESTMENT PORTFOLIO	1,120,159	0	0	For
WisdomTree	1,056,494	0	0	For
Hartford	1,052,921	446	0	For
Bridge Builder Trust	984,961	0	0	For
CITY NATIONAL ROCHDALE FUNDS	886,796	0	0	For
ProShares	839,561	0	0	For
Franklin Custodian Funds	750,000	0	0	For
Equitable	713,021	12,550	0	For
Nuveen	652,565	0	0	For
Prudential/PGIM	614,396	0	0	For

Showing the 25 largest of 239 asset managers. See all 239 in the interactive database.

4. Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their successors have been elected and qualified: Anthony Capuano

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-20.

Combines 11 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%

FOR: 502,830,112AGAINST: 4,975,785

MCDONALD'S CORP.’s own tally for this item (“Elect Director: Anthony Capuano”): 502,830,112 for, 4,975,785 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 715,032,727 outstanding shares: 70% for, 0.7% against (71% of the company cast a for/against vote).

The 235 asset managers below cast 99.7% of the shares they voted on this item FOR (186,034,691 for, 473,813 against).

FOR 99.7%

FOR: 186,034,691 (99.7%)AGAINST: 473,813 (0.3%)ABSTAIN: 34,192 (0.0%)UNKNOWN: 4,458 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their succes” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	77,233,527	9	1	For
BlackRock	19,126,720	0	0	For
Fidelity	17,043,357	0	0	For
Capital Group	10,423,617	0	0	For
JPMorgan	9,972,843	0	0	For
State Street	5,964,176	0	0	For
T. Rowe Price	4,835,470	0	0	For
Charles Schwab	4,121,643	0	0	For
Invesco	3,294,427	0	0	For
TIAA	3,269,573	0	0	For
Columbia Threadneedle	2,820,856	0	0	For
FRANKLIN MANAGED TRUST	1,885,500	0	0	For
INVESTMENT CO OF AMERICA	1,866,626	0	0	For
Jackson National	1,569,050	0	0	For
Dimensional	1,267,883	0	0	For
MASTER INVESTMENT PORTFOLIO	1,120,159	0	0	For
WisdomTree	1,056,494	0	0	For
Hartford	1,053,367	0	0	For
Bridge Builder Trust	984,961	0	0	For
CITY NATIONAL ROCHDALE FUNDS	886,796	0	0	For
ProShares	839,561	0	0	For
Franklin Custodian Funds	750,000	0	0	For
Equitable	725,571	0	0	For
Nuveen	652,565	0	0	For
Prudential/PGIM	614,396	0	0	For

Showing the 25 largest of 235 asset managers. See all 235 in the interactive database.

5. Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their successors have been elected and qualified: Kareem Daniel

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-20.

Combines 13 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 500,114,135AGAINST: 7,688,697

MCDONALD'S CORP.’s own tally for this item (“Elect Director: Kareem Daniel”): 500,114,135 for, 7,688,697 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 715,032,727 outstanding shares: 70% for, 1% against (71% of the company cast a for/against vote).

The 235 asset managers below cast 99.7% of the shares they voted on this item FOR (185,969,123 for, 555,764 against).

FOR 99.6%

FOR: 185,969,123 (99.7%)AGAINST: 555,764 (0.3%)ABSTAIN: 17,810 (0.0%)UNKNOWN: 4,458 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their succes” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	77,233,523	14	1	For
BlackRock	19,126,720	0	0	For
Fidelity	17,043,357	0	0	For
Capital Group	10,423,617	0	0	For
JPMorgan	9,972,843	0	0	For
State Street	5,964,176	0	0	For
T. Rowe Price	4,835,470	0	0	For
Charles Schwab	4,121,643	0	0	For
Invesco	3,294,427	0	0	For
TIAA	3,269,573	0	0	For
Columbia Threadneedle	2,820,856	0	0	For
FRANKLIN MANAGED TRUST	1,885,500	0	0	For
INVESTMENT CO OF AMERICA	1,866,626	0	0	For
Jackson National	1,569,050	0	0	For
Dimensional	1,267,883	0	0	For
MASTER INVESTMENT PORTFOLIO	1,120,159	0	0	For
WisdomTree	1,056,494	0	0	For
Hartford	1,053,367	0	0	For
Bridge Builder Trust	984,961	0	0	For
CITY NATIONAL ROCHDALE FUNDS	886,796	0	0	For
ProShares	839,561	0	0	For
Franklin Custodian Funds	750,000	0	0	For
Equitable	725,571	0	0	For
Nuveen	652,565	0	0	For
Prudential/PGIM	614,396	0	0	For

Showing the 25 largest of 235 asset managers. See all 235 in the interactive database.

6. Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their successors have been elected and qualified: Lloyd Dean

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-20.

Combines 13 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 492,877,416AGAINST: 14,591,147

MCDONALD'S CORP.’s own tally for this item (“Elect Director: Lloyd Dean”): 492,877,416 for, 14,591,147 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 715,032,727 outstanding shares: 69% for, 2% against (71% of the company cast a for/against vote).

The 235 asset managers below cast 99.7% of the shares they voted on this item FOR (186,031,000 for, 477,480 against).

FOR 99.7%

FOR: 186,031,000 (99.7%)AGAINST: 477,480 (0.3%)ABSTAIN: 34,217 (0.0%)UNKNOWN: 4,458 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their succes” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	77,233,507	29	2	For
BlackRock	19,126,720	0	0	For
Fidelity	17,043,357	0	0	For
Capital Group	10,423,617	0	0	For
JPMorgan	9,972,843	0	0	For
State Street	5,964,176	0	0	For
T. Rowe Price	4,835,470	0	0	For
Charles Schwab	4,121,643	0	0	For
Invesco	3,294,427	0	0	For
TIAA	3,269,573	0	0	For
Columbia Threadneedle	2,820,856	0	0	For
FRANKLIN MANAGED TRUST	1,885,500	0	0	For
INVESTMENT CO OF AMERICA	1,866,626	0	0	For
Jackson National	1,569,050	0	0	For
Dimensional	1,267,883	0	0	For
MASTER INVESTMENT PORTFOLIO	1,120,159	0	0	For
WisdomTree	1,056,494	0	0	For
Hartford	1,053,367	0	0	For
Bridge Builder Trust	984,961	0	0	For
CITY NATIONAL ROCHDALE FUNDS	886,796	0	0	For
ProShares	839,561	0	0	For
Franklin Custodian Funds	750,000	0	0	For
Equitable	725,571	0	0	For
Nuveen	652,565	0	0	For
Prudential/PGIM	614,396	0	0	For

Showing the 25 largest of 235 asset managers. See all 235 in the interactive database.

7. Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their successors have been elected and qualified: Margaret Georgiadis

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-20.

Combines 12 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 498,149,102AGAINST: 9,373,721

MCDONALD'S CORP.’s own tally for this item (“Elect Director: Margaret Georgiadis”): 498,149,102 for, 9,373,721 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 715,032,727 outstanding shares: 70% for, 1% against (71% of the company cast a for/against vote).

The 235 asset managers below cast 99.9% of the shares they voted on this item FOR (186,487,071 for, 24,001 against).

FOR 99.9%

FOR: 186,487,071 (100.0%)AGAINST: 24,001 (0.0%)ABSTAIN: 34,212 (0.0%)UNKNOWN: 1,872 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their succes” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	77,233,517	19	2	For
BlackRock	19,126,720	0	0	For
Fidelity	17,043,357	0	0	For
Capital Group	10,423,617	0	0	For
JPMorgan	9,972,843	0	0	For
State Street	5,964,176	0	0	For
T. Rowe Price	4,835,470	0	0	For
Charles Schwab	4,121,643	0	0	For
Invesco	3,294,427	0	0	For
TIAA	3,269,573	0	0	For
Columbia Threadneedle	2,820,856	0	0	For
FRANKLIN MANAGED TRUST	1,885,500	0	0	For
INVESTMENT CO OF AMERICA	1,866,626	0	0	For
Jackson National	1,569,050	0	0	For
Dimensional	1,267,883	0	0	For
MASTER INVESTMENT PORTFOLIO	1,120,159	0	0	For
WisdomTree	1,056,494	0	0	For
Hartford	1,053,367	0	0	For
Bridge Builder Trust	984,961	0	0	For
CITY NATIONAL ROCHDALE FUNDS	886,796	0	0	For
ProShares	839,561	0	0	For
Franklin Custodian Funds	750,000	0	0	For
Equitable	725,571	0	0	For
Nuveen	652,565	0	0	For
Prudential/PGIM	614,396	0	0	For

Showing the 25 largest of 235 asset managers. See all 235 in the interactive database.

8. Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their successors have been elected and qualified: Michael Hsu

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-20.

Combines 13 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 482,570,142AGAINST: 25,216,051

MCDONALD'S CORP.’s own tally for this item (“Elect Director: Michael Hsu”): 482,570,142 for, 25,216,051 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 715,032,727 outstanding shares: 67% for, 4% against (71% of the company cast a for/against vote).

The 235 asset managers below cast 99.2% of the shares they voted on this item FOR (185,085,226 for, 1,425,864 against).

FOR 99.2%

FOR: 185,085,226 (99.2%)AGAINST: 1,425,864 (0.8%)ABSTAIN: 34,193 (0.0%)UNKNOWN: 1,872 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their succes” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	77,233,513	24	1	For
BlackRock	19,126,720	0	0	For
Fidelity	17,043,357	0	0	For
Capital Group	10,423,617	0	0	For
JPMorgan	9,972,843	0	0	For
State Street	5,964,059	117	0	For
T. Rowe Price	4,835,470	0	0	For
Charles Schwab	4,121,643	0	0	For
Invesco	3,294,427	0	0	For
TIAA	3,269,573	0	0	For
Columbia Threadneedle	2,820,856	0	0	For
FRANKLIN MANAGED TRUST	1,885,500	0	0	For
INVESTMENT CO OF AMERICA	1,866,626	0	0	For
Jackson National	1,569,050	0	0	For
Dimensional	1,267,883	0	0	For
MASTER INVESTMENT PORTFOLIO	1,120,159	0	0	For
WisdomTree	1,056,494	0	0	For
Hartford	1,053,367	0	0	For
Bridge Builder Trust	978,240	6,721	0	For
CITY NATIONAL ROCHDALE FUNDS	886,796	0	0	For
ProShares	839,561	0	0	For
Franklin Custodian Funds	750,000	0	0	For
Equitable	713,021	12,550	0	For
Nuveen	652,565	0	0	For
Prudential/PGIM	394,240	220,156	0	For

Showing the 25 largest of 235 asset managers. See all 235 in the interactive database.

9. Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their successors have been elected and qualified: Christopher Kempczinski

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-20.

Combines 13 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%10%

FOR: 457,257,542AGAINST: 48,596,569

MCDONALD'S CORP.’s own tally for this item (“Elect Director: Christopher Kempczinski”): 457,257,542 for, 48,596,569 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 715,032,727 outstanding shares: 64% for, 7% against (71% of the company cast a for/against vote).

The 235 asset managers below cast 99.6% of the shares they voted on this item FOR (185,872,072 for, 654,703 against).

FOR 99.6%

FOR: 185,872,072 (99.6%)AGAINST: 654,703 (0.4%)ABSTAIN: 17,813 (0.0%)UNKNOWN: 2,567 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their succes” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	77,207,789	25,748	2	For
BlackRock	19,107,360	19,360	0	For
Fidelity	17,043,357	0	0	For
Capital Group	10,423,617	0	0	For
JPMorgan	9,972,843	0	0	For
State Street	5,931,721	32,455	0	For
T. Rowe Price	4,835,470	0	0	For
Charles Schwab	4,121,643	0	0	For
Invesco	3,294,427	0	0	For
TIAA	3,269,573	0	0	For
Columbia Threadneedle	2,820,856	0	0	For
FRANKLIN MANAGED TRUST	1,885,500	0	0	For
INVESTMENT CO OF AMERICA	1,866,626	0	0	For
Jackson National	1,569,050	0	0	For
Dimensional	1,267,883	0	0	For
MASTER INVESTMENT PORTFOLIO	1,120,159	0	0	For
WisdomTree	1,056,494	0	0	For
Hartford	1,053,367	0	0	For
Bridge Builder Trust	978,240	6,721	0	For
CITY NATIONAL ROCHDALE FUNDS	886,796	0	0	For
ProShares	839,561	0	0	For
Franklin Custodian Funds	750,000	0	0	For
Equitable	713,021	12,550	0	For
Nuveen	652,565	0	0	For
Prudential/PGIM	614,396	0	0	For

Showing the 25 largest of 235 asset managers. See all 235 in the interactive database.

10. Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their successors have been elected and qualified: Jennifer Taubert

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-20.

Combines 14 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 501,847,722AGAINST: 6,011,116

MCDONALD'S CORP.’s own tally for this item (“Elect Director: Jennifer Taubert”): 501,847,722 for, 6,011,116 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 715,032,727 outstanding shares: 70% for, 0.9% against (71% of the company cast a for/against vote).

The 235 asset managers below cast 99.7% of the shares they voted on this item FOR (186,034,637 for, 490,256 against).

FOR 99.7%

FOR: 186,034,637 (99.7%)AGAINST: 490,256 (0.3%)ABSTAIN: 17,805 (0.0%)UNKNOWN: 4,458 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their succes” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	77,233,526	11	1	For
BlackRock	19,126,720	0	0	For
Fidelity	17,043,357	0	0	For
Capital Group	10,423,617	0	0	For
JPMorgan	9,972,843	0	0	For
State Street	5,964,176	0	0	For
T. Rowe Price	4,835,470	0	0	For
Charles Schwab	4,121,643	0	0	For
Invesco	3,294,427	0	0	For
TIAA	3,269,573	0	0	For
Columbia Threadneedle	2,820,856	0	0	For
FRANKLIN MANAGED TRUST	1,885,500	0	0	For
INVESTMENT CO OF AMERICA	1,866,626	0	0	For
Jackson National	1,569,050	0	0	For
Dimensional	1,267,883	0	0	For
MASTER INVESTMENT PORTFOLIO	1,120,159	0	0	For
WisdomTree	1,056,494	0	0	For
Hartford	1,053,367	0	0	For
Bridge Builder Trust	984,961	0	0	For
CITY NATIONAL ROCHDALE FUNDS	886,796	0	0	For
ProShares	839,561	0	0	For
Franklin Custodian Funds	750,000	0	0	For
Equitable	725,571	0	0	For
Nuveen	652,565	0	0	For
Prudential/PGIM	614,396	0	0	For

Showing the 25 largest of 235 asset managers. See all 235 in the interactive database.

11. Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their successors have been elected and qualified: Paul Walsh

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-20.

Combines 13 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 475,655,397AGAINST: 32,077,734

MCDONALD'S CORP.’s own tally for this item (“Elect Director: Paul Walsh”): 475,655,397 for, 32,077,734 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 715,032,727 outstanding shares: 67% for, 4% against (71% of the company cast a for/against vote).

The 235 asset managers below cast 99.6% of the shares they voted on this item FOR (185,923,277 for, 645,786 against).

FOR 99.6%

FOR: 185,923,277 (99.6%)AGAINST: 645,786 (0.3%)ABSTAIN: 17,815 (0.0%)UNKNOWN: 1,872 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their succes” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	77,207,826	25,711	2	For
BlackRock	19,107,360	19,360	0	For
Fidelity	17,043,357	0	0	For
Capital Group	10,423,617	0	0	For
JPMorgan	9,972,843	0	0	For
State Street	5,931,721	32,455	0	For
T. Rowe Price	4,835,470	0	0	For
Charles Schwab	4,121,643	0	0	For
Invesco	3,294,427	0	0	For
TIAA	3,269,573	0	0	For
Columbia Threadneedle	2,820,856	0	0	For
FRANKLIN MANAGED TRUST	1,885,500	0	0	For
INVESTMENT CO OF AMERICA	1,866,626	0	0	For
Jackson National	1,569,050	0	0	For
Dimensional	1,267,883	0	0	For
MASTER INVESTMENT PORTFOLIO	1,120,159	0	0	For
WisdomTree	1,056,494	0	0	For
Hartford	1,053,367	0	0	For
Bridge Builder Trust	978,240	6,721	0	For
CITY NATIONAL ROCHDALE FUNDS	886,796	0	0	For
ProShares	839,561	0	0	For
Franklin Custodian Funds	750,000	0	0	For
Equitable	725,571	0	0	For
Nuveen	652,565	0	0	For
Prudential/PGIM	614,396	0	0	For

Showing the 25 largest of 235 asset managers. See all 235 in the interactive database.

12. Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their successors have been elected and qualified: Amy Weaver

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-20.

Combines 13 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 500,388,315AGAINST: 7,113,832

MCDONALD'S CORP.’s own tally for this item (“Elect Director: Amy Weaver”): 500,388,315 for, 7,113,832 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 715,032,727 outstanding shares: 70% for, 1.0% against (71% of the company cast a for/against vote).

The 235 asset managers below cast 99.9% of the shares they voted on this item FOR (186,529,829 for, 22,836 against).

FOR 99.9%

FOR: 186,529,829 (100.0%)AGAINST: 22,836 (0.0%)ABSTAIN: 34,213 (0.0%)UNKNOWN: 1,872 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their succes” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	77,233,522	14	2	For
BlackRock	19,126,720	0	0	For
Fidelity	17,043,357	0	0	For
Capital Group	10,423,617	0	0	For
JPMorgan	9,972,843	0	0	For
State Street	5,964,176	0	0	For
T. Rowe Price	4,835,470	0	0	For
Charles Schwab	4,121,643	0	0	For
Invesco	3,294,427	0	0	For
TIAA	3,269,573	0	0	For
Columbia Threadneedle	2,820,856	0	0	For
FRANKLIN MANAGED TRUST	1,885,500	0	0	For
INVESTMENT CO OF AMERICA	1,866,626	0	0	For
Jackson National	1,569,050	0	0	For
Dimensional	1,267,883	0	0	For
MASTER INVESTMENT PORTFOLIO	1,120,159	0	0	For
WisdomTree	1,056,494	0	0	For
Hartford	1,053,367	0	0	For
Bridge Builder Trust	984,961	0	0	For
CITY NATIONAL ROCHDALE FUNDS	886,796	0	0	For
ProShares	839,561	0	0	For
Franklin Custodian Funds	750,000	0	0	For
Equitable	725,571	0	0	For
Nuveen	652,565	0	0	For
Prudential/PGIM	614,396	0	0	For

Showing the 25 largest of 235 asset managers. See all 235 in the interactive database.

13. Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their successors have been elected and qualified: Miles White

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-20.

Combines 14 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 480,433,531AGAINST: 27,336,711

MCDONALD'S CORP.’s own tally for this item (“Elect Director: Miles White”): 480,433,531 for, 27,336,711 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 715,032,727 outstanding shares: 67% for, 4% against (71% of the company cast a for/against vote).

The 235 asset managers below cast 99.6% of the shares they voted on this item FOR (185,953,792 for, 612,691 against).

FOR 99.6%

FOR: 185,953,792 (99.7%)AGAINST: 612,691 (0.3%)ABSTAIN: 17,809 (0.0%)UNKNOWN: 4,458 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their succes” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	77,233,486	51	1	For
BlackRock	19,126,720	0	0	For
Fidelity	17,043,357	0	0	For
Capital Group	10,423,617	0	0	For
JPMorgan	9,972,843	0	0	For
State Street	5,964,059	117	0	For
T. Rowe Price	4,835,470	0	0	For
Charles Schwab	4,121,643	0	0	For
Invesco	3,294,427	0	0	For
TIAA	3,269,573	0	0	For
Columbia Threadneedle	2,820,856	0	0	For
FRANKLIN MANAGED TRUST	1,885,500	0	0	For
INVESTMENT CO OF AMERICA	1,866,626	0	0	For
Jackson National	1,569,050	0	0	For
Dimensional	1,267,883	0	0	For
MASTER INVESTMENT PORTFOLIO	1,120,159	0	0	For
WisdomTree	1,056,494	0	0	For
Hartford	1,053,367	0	0	For
Bridge Builder Trust	978,240	6,721	0	For
CITY NATIONAL ROCHDALE FUNDS	886,796	0	0	For
ProShares	839,561	0	0	For
Franklin Custodian Funds	750,000	0	0	For
Equitable	725,571	0	0	For
Nuveen	652,565	0	0	For
Prudential/PGIM	614,396	0	0	For

Showing the 25 largest of 235 asset managers. See all 235 in the interactive database.

14. Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their successors have been elected and qualified: Catherine Engelbert

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-20.

Combines 13 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 495,593,281AGAINST: 12,214,385

MCDONALD'S CORP.’s own tally for this item (“Elect Director: Catherine Engelbert”): 495,593,281 for, 12,214,385 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 715,032,727 outstanding shares: 69% for, 2% against (71% of the company cast a for/against vote).

The 234 asset managers below cast 99.9% of the shares they voted on this item FOR (186,449,025 for, 61,967 against).

FOR 99.9%

FOR: 186,449,025 (99.9%)AGAINST: 61,967 (0.0%)ABSTAIN: 34,191 (0.0%)UNKNOWN: 1,872 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Election of 11 Directors to serve until the Company's 2026 Annual Shareholders' Meeting and until their succes” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	77,207,862	25,674	1	For
BlackRock	19,126,720	0	0	For
Fidelity	17,043,357	0	0	For
Capital Group	10,423,617	0	0	For
JPMorgan	9,972,843	0	0	For
State Street	5,964,176	0	0	For
T. Rowe Price	4,835,470	0	0	For
Charles Schwab	4,121,643	0	0	For
Invesco	3,294,427	0	0	For
TIAA	3,269,573	0	0	For
Columbia Threadneedle	2,820,856	0	0	For
FRANKLIN MANAGED TRUST	1,885,500	0	0	For
INVESTMENT CO OF AMERICA	1,866,626	0	0	For
Jackson National	1,569,050	0	0	For
Dimensional	1,267,883	0	0	For
MASTER INVESTMENT PORTFOLIO	1,120,159	0	0	For
WisdomTree	1,056,494	0	0	For
Hartford	1,053,367	0	0	For
Bridge Builder Trust	984,961	0	0	For
CITY NATIONAL ROCHDALE FUNDS	886,796	0	0	For
ProShares	839,561	0	0	For
Franklin Custodian Funds	750,000	0	0	For
Equitable	725,571	0	0	For
Nuveen	652,565	0	0	For
Prudential/PGIM	614,396	0	0	For

Showing the 25 largest of 234 asset managers. See all 234 in the interactive database.

15. Advisory Vote on Disclosure on Climate Transition Plans.

ENVIRONMENT OR CLIMATEMajority of the votes cast: no

Meeting held 2025-05-20.

Combines 6 wordings of this item as funds reported it.

10% Majority: no · of votes cast

10%AGAINST 90%

FOR: 52,706,755AGAINST: 450,336,420

MCDONALD'S CORP.’s own tally for this item (“Proposal 5: An advisory shareholder proposal requesting disclosure on climate transition plans.”): 52,706,755 for, 450,336,420 against, per its Form 8-K (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 715,032,727 outstanding shares: 7% for, 63% against (70% of the company cast a for/against vote).

The 229 asset managers below cast 1.0% of the shares they voted on this item FOR (1,726,661 for, 184,161,688 against).

AGAINST 99%

FOR: 1,726,661 (0.9%)AGAINST: 184,161,688 (98.9%)ABSTAIN: 331,917 (0.2%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Advisory Vote on Disclosure on Climate Transition Plans.” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	94	77,233,433	11	Against
BlackRock	305,401	18,821,319	0	Against
Fidelity	316	17,043,041	0	Against
Capital Group	0	10,423,617	0	Against
JPMorgan	200	9,972,643	0	Against
State Street	32,455	5,931,721	0	Against
T. Rowe Price	0	4,835,470	0	Against
Charles Schwab	0	4,121,643	0	Against
Invesco	0	3,294,427	0	Against
TIAA	0	3,269,573	0	Against
Columbia Threadneedle	0	2,820,856	0	Against
FRANKLIN MANAGED TRUST	0	1,885,500	0	Against
INVESTMENT CO OF AMERICA	0	1,866,626	0	Against
Jackson National	0	1,569,050	0	Against
Dimensional	93,318	1,174,565	0	Against
MASTER INVESTMENT PORTFOLIO	0	1,120,159	0	Against
WisdomTree	0	1,056,494	0	Against
Hartford	0	1,053,367	0	Against
Bridge Builder Trust	0	984,961	0	Against
CITY NATIONAL ROCHDALE FUNDS	0	886,796	0	Against
ProShares	0	839,561	0	Against
Franklin Custodian Funds	0	750,000	0	Against
Equitable	12,550	713,021	0	Against
Nuveen	0	652,565	0	Against
Prudential/PGIM	182,056	432,340	0	Against

Showing the 25 largest of 229 asset managers. See all 229 in the interactive database.

16. Advisory Vote on Report Related to Oversight of Advertising Risks.

OTHERMajority of the votes cast: no

Meeting held 2025-05-20.

Combines 5 wordings of this item as funds reported it.

1% Majority: no · of votes cast

AGAINST 99%

FOR: 6,129,398AGAINST: 496,714,551

MCDONALD'S CORP.’s own tally for this item (“Proposal 4: An advisory shareholder proposal requesting a report related to oversight of advertising risks.”): 6,129,398 for, 496,714,551 against, per its Form 8-K (Item 5.07). FOR was not more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 715,032,727 outstanding shares: 0.9% for, 69% against (70% of the company cast a for/against vote).

The 228 asset managers below cast 0.3% of the shares they voted on this item FOR (499,130 for, 185,361,727 against).

AGAINST 99.5%

FOR: 499,130 (0.3%)AGAINST: 185,361,727 (99.5%)ABSTAIN: 348,293 (0.2%)UNKNOWN: 2,567 (0.0%)WITHHOLD/ABSTAIN: 8 (0.0%)

Largest asset managers voting on “Advisory Vote on Report Related to Oversight of Advertising Risks.” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	10	77,233,517	11	Against
BlackRock	0	19,126,720	0	Against
Fidelity	0	17,043,357	0	Against
Capital Group	0	10,423,617	0	Against
JPMorgan	0	9,972,843	0	Against
State Street	0	5,964,176	0	Against
T. Rowe Price	0	4,835,470	0	Against
Charles Schwab	0	4,121,643	0	Against
Invesco	0	3,294,427	0	Against
TIAA	0	3,269,573	0	Against
Columbia Threadneedle	0	2,820,856	0	Against
FRANKLIN MANAGED TRUST	0	1,885,500	0	Against
INVESTMENT CO OF AMERICA	0	1,866,626	0	Against
Jackson National	0	1,569,050	0	Against
Dimensional	0	1,267,883	0	Against
MASTER INVESTMENT PORTFOLIO	0	1,120,159	0	Against
WisdomTree	0	1,056,494	0	Against
Hartford	0	1,053,367	0	Against
Bridge Builder Trust	0	984,961	0	Against
CITY NATIONAL ROCHDALE FUNDS	0	886,796	0	Against
ProShares	0	839,561	0	Against
Franklin Custodian Funds	0	750,000	0	Against
Equitable	0	725,571	0	Against
Nuveen	0	652,565	0	Against
Prudential/PGIM	0	614,396	0	Against

Showing the 25 largest of 228 asset managers. See all 228 in the interactive database.

17. SECTION 14A EXECUTIVE COMPENSATION

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-20.

61% fund support · no official result

FOR 56%AGAINST 36%7%

The 32 asset managers below cast 61% of the shares they voted on this item FOR (256,121 for, 165,760 against).

FOR: 256,121 (56.3%)AGAINST: 165,760 (36.5%)NOT VOTED: 32,655 (7.2%)

Largest asset managers voting on “SECTION 14A EXECUTIVE COMPENSATION” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Vote
Focus Partners Wealth	134,784	154,552	Against
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	Not Voted
MATTERN CAPITAL MANAGEMENT, LLC	29,003	0	For
Baker Avenue Asset Management, LP	20,865	0	For
BUTENSKY & COHEN FINANCIAL SECURITY, INC	16,983	0	For
OLD SECOND NATIONAL BANK OF AURORA	14,224	0	For
EAGLE GLOBAL ADVISORS LLC	13,400	0	For
PEDDOCK CAPITAL ADVISORS, LLC	9,058	0	For
WILLIAMSBURG INVESTMENT TRUST	0	5,000	Against
River Street Advisors LLC	4,398	0	For
COURIER CAPITAL LLC	0	3,866	Against
Blue Fin Capital, Inc.	3,756	0	For
Campion Asset Management	0	2,187	Against
VOISARD ASSET MANAGEMENT GROUP, INC.	1,246	0	For
Claret Asset Management Corp	1,152	0	For
Blue Edge Capital, LLC	925	0	For
Palisades Hudson Asset Management, L.P.	898	0	For
Inlet Private Wealth, LLC	880	0	For
Moisand Fitzgerald Tamayo, LLC	764	0	For
NORTHERN LIGHTS FUND TRUST III	720	0	For
HOURGLASS CAPITAL, LLC	573	0	For
HARBOUR INVESTMENT MANAGEMENT LLC	523	0	For
ESL Trust Services, LLC	474	0	For
IMA Advisory Services, Inc.	411	0	For
Ballew Advisors, Inc	294	0	For

Showing the 25 largest of 32 asset managers. See all 32 in the interactive database.

18. Advisory Vote to Approve Executive Compensation

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

Meeting held 2024-05-22 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 3 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%

FOR: 461,863,204AGAINST: 33,716,432

MCDONALD'S CORP.’s own tally for this item (“Proposal 2: An advisory proposal to approve executive compensation for 2024.”): 461,863,204 for, 33,716,432 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 715,032,727 outstanding shares: 65% for, 5% against (69% of the company cast a for/against vote).

The 12 asset managers below cast 99.9% of the shares they voted on this item FOR (83,044 for, 80 against).

FOR 99.9%

FOR: 83,044 (99.9%)AGAINST: 80 (0.1%)

Largest asset managers voting on “Advisory Vote to Approve Executive Compensation” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Vote
Sky Investment Group LLC	28,184	0	For
COLDSTREAM CAPITAL MANAGEMENT INC	23,854	0	For
DIVIDEND ASSETS CAPITAL, LLC	12,017	0	For
Cox Capital Mgt LLC	6,376	0	For
VAUGHAN DAVID INVESTMENTS LLC/IL	5,841	0	For
Ipswich Investment Management Co., Inc.	3,587	0	For
WP Trust	1,000	0	For
Americana Partners, LLC	981	0	For
Seascape Capital Management	713	0	For
Axiom Financial Strategies, LLC	491	0	For
Knuff & Co LLC	0	80	Against
Echo45 Advisors LLC	0	0	--

19. Consider Eliminating DEI Goals from Compensation Plan Incentives

DIVERSITY, EQUITY, AND INCLUSION

Meeting held 2025-05-20.

63% fund support · no official result

FOR 63%AGAINST 37%

The 9 asset managers below cast 63% of the shares they voted on this item FOR (230,388 for, 137,208 against).

FOR: 230,388 (62.7%)AGAINST: 137,208 (37.3%)

Largest asset managers voting on “Consider Eliminating DEI Goals from Compensation Plan Incentives” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Vote
GuideStone	148,602	0	For
Empower	0	105,006	Against
Erste Asset Management GmbH	81,786	0	For
HC CAPITAL TRUST	0	20,166	Against
CLEARWATER INVESTMENT TRUST	0	6,102	Against
AGF Investments Trust	0	5,122	Against
CIDEL ASSET MANAGEMENT INC	0	712	Against
REDMONT WEALTH ADVISORS LLC	0	100	Against
OARSMAN CAPITAL, INC.	0	0	--

20. Disclose an Assessment of Current Climate Transition Plans

OTHER SOCIAL ISSUES

Meeting held 2025-05-20.

24% fund support · no official result

FOR 24%AGAINST 76%

The 8 asset managers below cast 24% of the shares they voted on this item FOR (86,908 for, 279,976 against).

FOR: 86,908 (23.7%)AGAINST: 279,976 (76.3%)

Largest asset managers voting on “Disclose an Assessment of Current Climate Transition Plans” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Vote
GuideStone	0	148,602	Against
Empower	0	105,006	Against
Erste Asset Management GmbH	81,786	0	For
HC CAPITAL TRUST	0	20,166	Against
CLEARWATER INVESTMENT TRUST	0	6,102	Against
AGF Investments Trust	5,122	0	For
REDMONT WEALTH ADVISORS LLC	0	100	Against
OARSMAN CAPITAL, INC.	0	0	--

21. Report on Risks of Discriminating Against Ad Buyers and Sellers Based on Religious/Political Views

HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE

Meeting held 2025-05-20.

41% fund support · no official result

FOR 41%AGAINST 59%

The 8 asset managers below cast 41% of the shares they voted on this item FOR (148,602 for, 218,282 against).

FOR: 148,602 (40.5%)AGAINST: 218,282 (59.5%)

Largest asset managers voting on “Report on Risks of Discriminating Against Ad Buyers and Sellers Based on Religious/Political Views” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Vote
GuideStone	148,602	0	For
Empower	0	105,006	Against
Erste Asset Management GmbH	0	81,786	Against
HC CAPITAL TRUST	0	20,166	Against
CLEARWATER INVESTMENT TRUST	0	6,102	Against
AGF Investments Trust	0	5,122	Against
REDMONT WEALTH ADVISORS LLC	0	100	Against
OARSMAN CAPITAL, INC.	0	0	--

22. S/H Proposal - Environmental

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2025-05-20.

2% fund support · no official result

AGAINST 95%

The 6 asset managers below cast 2% of the shares they voted on this item FOR (720 for, 35,723 against).

FOR: 720 (1.9%)AGAINST: 35,723 (95.3%)NOT VOTED: 1,046 (2.8%)

Largest asset managers voting on “S/H Proposal - Environmental” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Vote
MATTERN CAPITAL MANAGEMENT, LLC	0	29,003	Against
WILLIAMSBURG INVESTMENT TRUST	0	5,000	Against
VOISARD ASSET MANAGEMENT GROUP, INC.	0	1,246	Against
HARBOUR INVESTMENT MANAGEMENT LLC	0	0	Not Voted
NORTHERN LIGHTS FUND TRUST III	720	0	For
ESL Trust Services, LLC	0	474	Against

23. Shareholder Proposal Regarding Eliminating DEI Goals from Compensation Inducements

COMPENSATION

Meeting held 2025-05-20.

0% fund support · no official result

AGAINST 100%

The 6 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 616,714 against).

AGAINST: 616,714 (100.0%)

Largest asset managers voting on “Shareholder Proposal Regarding Eliminating DEI Goals from Compensation Inducements” at MCDONALD'S CORP., 2024-2025
Asset manager	Against	Vote
Union Investment Privatfonds GmbH	575,003	Against
Union Investment Institutional GmbH	26,750	Against
OSSIAM	14,322	Against
Virtus	379	Against
Northern Lights Fund Trust IV	194	Against
PACE SELECT ADVISORS TRUST	66	Against

24. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

Meeting held 2025-05-20.

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 5 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 MCDONALD'S CORP., 2024-2025
Asset manager	For	Vote
HARBOUR INVESTMENT MANAGEMENT LLC	5,753	For
WILLIAMSBURG INVESTMENT TRUST	5,000	For
VOISARD ASSET MANAGEMENT GROUP, INC.	1,246	For
NORTHERN LIGHTS FUND TRUST III	720	For
ESL Trust Services, LLC	474	For

25. S/H Proposal - Corporate Governance

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2025-05-20.

10% fund support · no official result

9%AGAINST 84%

The 5 asset managers below cast 10% of the shares they voted on this item FOR (720 for, 6,720 against).

FOR: 720 (9.0%)AGAINST: 6,720 (84.4%)NOT VOTED: 523 (6.6%)

Largest asset managers voting on “S/H Proposal - Corporate Governance” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Vote
WILLIAMSBURG INVESTMENT TRUST	0	5,000	Against
VOISARD ASSET MANAGEMENT GROUP, INC.	0	1,246	Against
NORTHERN LIGHTS FUND TRUST III	720	0	For
HARBOUR INVESTMENT MANAGEMENT LLC	0	0	Not Voted
ESL Trust Services, LLC	0	474	Against

26. COMPENSATION

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-20.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (7,971 for, 0 against).

FOR: 7,971 (100.0%)

Largest asset managers voting on “COMPENSATION” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Vote
Members Trust Co	4,556	For
Capital Group	3,400	For
Blue Sky Capital Consultants Group, Inc.	15	For

27. Shareholder Proposal Regarding Assessment of Climate Transition Plan

ENVIRONMENT OR CLIMATE

Meeting held 2025-05-20.

41% fund support · no official result

FOR 41%AGAINST 59%

The 3 asset managers below cast 41% of the shares they voted on this item FOR (260 for, 379 against).

FOR: 260 (40.7%)AGAINST: 379 (59.3%)

Largest asset managers voting on “Shareholder Proposal Regarding Assessment of Climate Transition Plan” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Vote
Virtus	0	379	Against
Northern Lights Fund Trust IV	194	0	For
PACE SELECT ADVISORS TRUST	66	0	For

28. Shareholder Proposal Regarding Report on Risk from Discriminatory Ad Policies

OTHER SOCIAL ISSUES

Meeting held 2025-05-20.

0% fund support · no official result

AGAINST 100%

The 3 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 639 against).

AGAINST: 639 (100.0%)

Largest asset managers voting on “Shareholder Proposal Regarding Report on Risk from Discriminatory Ad Policies” at MCDONALD'S CORP., 2024-2025
Asset manager	Against	Vote
Virtus	379	Against
Northern Lights Fund Trust IV	194	Against
PACE SELECT ADVISORS TRUST	66	Against

29. SECTION 14A SAY-ON-PAY VOTES

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-20.

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 (5,390 for, 0 against).

FOR: 5,390 (100.0%)

Largest asset managers voting on “SECTION 14A SAY-ON-PAY VOTES” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Lido Advisors, LLC	3,568	0	0	0	For
SWEENEY & MICHEL, LLC	1,822	0	0	0	For

30. Executive Officer Compensation

COMPENSATION

Meeting held 2025-05-20.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,283 for, 0 against).

FOR: 1,283 (100.0%)

Largest asset managers voting on “Executive Officer Compensation” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Praetorian Wealth Management, Inc.	841	0	0	0	For
Ifrah Financial Services, Inc.	442	0	0	0	For

31. Shareholder Proposal: Advisory Vote on Report Related to Oversight of Advertising Risks

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-20.

3% fund support · no official result

AGAINST 97%

The 2 asset managers below cast 3% of the shares they voted on this item FOR (255 for, 8,549 against).

FOR: 255 (2.9%)AGAINST: 8,549 (97.1%)

Largest asset managers voting on “Shareholder Proposal: Advisory Vote on Report Related to Oversight of Advertising Risks” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
J. Stern & Co. LLP	0	8,549	0	0	Against
Cambridge Financial Group, Inc.	255	0	0	0	For

32. Shareholder Proposal: Advisory Vote to Revisit DEI in Executive Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-20.

0% fund support · no official result

AGAINST 100%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 8,804 against).

AGAINST: 8,804 (100.0%)

Largest asset managers voting on “Shareholder Proposal: Advisory Vote to Revisit DEI in Executive Compensation” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
J. Stern & Co. LLP	0	8,549	0	0	Against
Cambridge Financial Group, Inc.	0	255	0	0	Against

33. Director Elections

DIRECTOR ELECTIONS

Meeting held 2025-05-20.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (4,850 for, 0 against).

FOR: 4,850 (100.0%)

Largest asset managers voting on “Director Elections” at MCDONALD'S CORP., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Members Trust Co	4,556	0	0	0	For
Ballew Advisors, Inc	294	0	0	0	For

Largest MCDONALD'S CORP. shareholders voting in 2024-2025

Ranked by the number of MCDONALD'S CORP. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 715,032,727 shares outstanding at the time of that meeting.

Top MCDONALD'S CORP. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	11.46%
2	JPMorgan	5.43%
3	State Street	3.22%
4	Fidelity	2.70%
5	BlackRock	2.67%
6	GEODE CAPITAL MANAGEMENT, LLC	2.30%
7	T. Rowe Price	2.17%
8	Capital Group	1.86%
9	Wellington	1.70%
10	Capital Research Global Investors	1.39%

Reported MCDONALD'S CORP. ownership

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

MCDONALD'S CORP. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
BlackRock	7.35%	13F
JPMorgan Chase	5.25%	13F
JPMORGAN CHASE & CO	5.16%	13G
State Street	4.83%	13F
Morgan Stanley	2.46%	13F
Wellington Management	1.66%	13F
T. Rowe Price	1.31%	13F
Norges Bank	1.26%	13F
Northern Trust	1.25%	13F

Percentages above are of 715,032,727 shares outstanding, as reported by MCDONALD'S CORP. 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 MCDONALD'S CORP.’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 MCDONALD'S CORP.'s shareholder meeting held 2025-05-20, in the 2024-2025 proxy season, 1,588 asset managers reported how they voted in their SEC Form N-PX filings, covering 20,470 separate fund positions. Their filings are grouped here into 33 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 — Advisory vote to approve named executive officer compensation. — FOR was 94% 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: MCDONALD'S CORP.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

MCDONALD'S CORP. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.