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MDU Resources Group, Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and MDU Resources Group, Inc.’s Form 8-K, filed 2026-05-13 (Item 5.07 on EDGAR). Page generated 04 October 2026.

15Reported items
458Asset managers
4,267Fund votes
2026-05-11Meeting date

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

Explore MDU Resources Group, Inc. in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by MDU Resources Group, Inc.

These tallies are MDU Resources Group, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2026-05-13 (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.

MDU Resources Group, Inc. — official shareholder meeting results, meeting held 2026-05-11
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Darrel T. Anderson	156,497,374	1,772,995	207,111	--	25,924,878	Majority: yes
Elect Director: Vernon A. Dosch	157,748,991	508,798	219,691	--	25,924,878	Majority: yes
Elect Director: Marian M. Durkin	156,077,464	1,507,033	892,983	--	25,924,878	Majority: yes
Elect Director: Douglas W. Jaeger	157,108,513	1,149,629	219,338	--	25,924,878	Majority: yes
Elect Director: Charles M. Kelley	157,868,483	382,487	226,510	--	25,924,878	Majority: yes
Elect Director: Nicole A. Kivisto	157,782,494	498,930	196,056	--	25,924,878	Majority: yes
Elect Director: Tammy J. Miller	157,313,621	952,917	210,942	--	25,924,878	Majority: yes
Elect Director: Priti R. Patel	157,647,380	608,760	221,340	--	25,924,878	Majority: yes
Proposal 2: Advisory Vote to Approve Executive Compensation	155,483,583	2,448,238	545,659	--	25,924,878	Majority: yes
Proposal 3: Approval of LTIP	154,587,051	2,817,302	1,073,127	--	25,924,878	Majority: yes
Proposal 4: Ratification of Appointment of Independent Registered Public Accounting Firm	173,965,507	10,089,093	347,758	--	--	Majority: yes

Source: MDU Resources Group, Inc., Form 8-K, filed with the SEC on 2026-05-13 — read the filing on EDGAR.

How asset managers voted at the MDU Resources Group, Inc. 2025-2026 meeting

Each item below shows how the 458 asset managers that disclosed a MDU Resources Group, 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 MDU Resources Group, 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. Vote, on an Advisory Basis, to Approve the Company's Named Executive Officers' compensation.

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

Combines 12 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 155,483,583AGAINST: 2,448,238

MDU Resources Group, Inc.’s own tally for this item (“Proposal 2: Advisory Vote to Approve Executive Compensation”): 155,483,583 for, 2,448,238 against, per its Form 8-K filed 2026-05-13 (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 209,006,024 outstanding shares: 74% for, 1% against (76% of the company cast a for/against vote).

The 454 asset managers below cast 99.3% of the shares they voted on this item FOR (153,662,045 for, 999,205 against).

FOR 99.2%

FOR: 153,662,045 (99.2%)AGAINST: 999,205 (0.6%)ABSTAIN: 22,087 (0.0%)NOT VOTED: 157,305 (0.1%)

Largest asset managers voting on “Vote, on an Advisory Basis, to Approve the Company's Named Executive Officers' compensation.” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	24,470,510	21	4	For
BlackRock	20,537,954	1,604	0	For
BARROW HANLEY MEWHINNEY & STRAUSS LLC	8,741,345	0	0	For
EARNEST PARTNERS LLC	7,678,814	0	0	For
Bridge Builder Trust	6,894,706	0	0	For
Charles Schwab	4,396,961	0	0	For
Invesco	3,859,963	0	0	For
T. Rowe Price	3,521,786	0	0	For
State Street	2,908,420	6,906	0	For
River Road Asset Management, LLC	2,887,999	0	0	For
Fidelity	2,869,330	0	0	For
NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST	2,772,437	0	0	For
Delaware/Macquarie	2,558,387	0	0	For
GEODE CAPITAL MANAGEMENT, LLC	2,529,663	0	0	For
Natixis	2,299,337	0	0	For
Allspring	2,112,445	0	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	2,088,350	0	0	For
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.	1,848,035	0	0	For
WESTWOOD HOLDINGS GROUP INC	1,834,645	0	0	For
Neuberger Berman	1,746,004	0	0	For
Global X	1,703,983	0	0	For
US BANK NATIONAL ASSOCIATION	1,682,994	0	0	For
First Trust	1,442,139	0	0	For
Edward D. Jones & Co., L.P.	1,369,583	0	0	For
First Pacific Advisors, LP	1,358,295	0	0	For

Showing the 25 largest of 454 asset managers. See all 454 in the interactive database.

2. Approve the Amended and Restated Long-Term Performance- Based Incentive Plan.

COMPENSATION

Combines 3 wordings of this item as funds reported it.

99.5% fund support · no official result

FOR 99.4%

The 105 asset managers below cast 99.5% of the shares they voted on this item FOR (78,566,969 for, 389,578 against).

FOR: 78,566,969 (99.5%)AGAINST: 389,578 (0.5%)ABSTAIN: 20,258 (0.0%)

Largest asset managers voting on “Approve the Amended and Restated Long-Term Performance- Based Incentive Plan.” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	22,819,220	24	10	For
BlackRock	18,668,178	0	0	For
Bridge Builder Trust	6,894,706	0	0	For
Fidelity	2,842,753	0	0	For
Delaware/Macquarie	2,558,387	0	0	For
Charles Schwab	2,101,504	0	0	For
Invesco	1,854,057	0	0	For
Global X	1,703,983	0	0	For
First Trust	1,439,358	0	0	For
Investment Managers Series Trust III	1,358,295	0	0	For
T. Rowe Price	1,128,386	0	0	For
AMG Funds IV	1,098,953	0	0	For
AMERICAN BEACON FUNDS	1,045,380	0	0	For
Allspring	983,467	0	0	For
Ultimus Managers Trust	963,248	0	0	For
Jackson National	827,735	0	0	For
Natixis	732,990	0	0	For
MFS	601,069	0	0	For
WisdomTree	564,025	0	0	For
NEEDHAM FUNDS INC	557,500	0	0	For
Neuberger Berman	543,950	0	0	For
Principal	493,040	0	0	For
JPMorgan	478,805	0	0	For
DWS	379,483	0	0	For
State Street	375,567	0	0	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

3. Elect Eight Directors to the Board to Serve for One-Year Terms: Charles M. Kelley

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 7 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%

FOR: 157,868,483AGAINST: 382,487

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Charles M. Kelley”): 157,868,483 for, 382,487 against, per its Form 8-K filed 2026-05-13 (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 209,006,024 outstanding shares: 76% for, 0.2% against (76% of the company cast a for/against vote).

The 104 asset managers below cast 99.9% of the shares they voted on this item FOR (78,958,467 for, 3 against).

FOR 99.7%

FOR: 78,958,467 (99.8%)AGAINST: 3 (0.0%)ABSTAIN: 20,248 (0.0%)NOT VOTED: 149,020 (0.2%)

Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Charles M. Kelley” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	22,819,249	3	For
BlackRock	18,668,178	0	For
Bridge Builder Trust	6,894,706	0	For
Fidelity	2,842,753	0	For
Delaware/Macquarie	2,558,387	0	For
Charles Schwab	2,101,504	0	For
Invesco	1,854,057	0	For
Global X	1,703,983	0	For
First Trust	1,439,358	0	For
Investment Managers Series Trust III	1,358,295	0	For
T. Rowe Price	1,128,386	0	For
AMG Funds IV	1,098,953	0	For
AMERICAN BEACON FUNDS	1,045,380	0	For
Allspring	983,467	0	For
Ultimus Managers Trust	963,248	0	For
Jackson National	827,735	0	For
Natixis	732,990	0	For
MFS	601,069	0	For
WisdomTree	564,025	0	For
NEEDHAM FUNDS INC	557,500	0	For
Neuberger Berman	543,950	0	For
Principal	493,040	0	For
JPMorgan	478,805	0	For
Empower	246,232	0	For
DWS	379,483	0	For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

4. Elect Eight Directors to the Board to Serve for One-Year Terms: Darrel T. Anderson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 156,497,374AGAINST: 1,772,995

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Darrel T. Anderson”): 156,497,374 for, 1,772,995 against, per its Form 8-K filed 2026-05-13 (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 209,006,024 outstanding shares: 75% for, 0.9% against (76% of the company cast a for/against vote).

The 104 asset managers below cast 99.9% of the shares they voted on this item FOR (78,958,452 for, 17 against).

FOR 99.7%

FOR: 78,958,452 (99.8%)AGAINST: 17 (0.0%)ABSTAIN: 20,249 (0.0%)NOT VOTED: 149,020 (0.2%)

Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Darrel T. Anderson” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	22,819,234	17	1	For
BlackRock	18,668,178	0	0	For
Bridge Builder Trust	6,894,706	0	0	For
Fidelity	2,842,753	0	0	For
Delaware/Macquarie	2,558,387	0	0	For
Charles Schwab	2,101,504	0	0	For
Invesco	1,854,057	0	0	For
Global X	1,703,983	0	0	For
First Trust	1,439,358	0	0	For
Investment Managers Series Trust III	1,358,295	0	0	For
T. Rowe Price	1,128,386	0	0	For
AMG Funds IV	1,098,953	0	0	For
AMERICAN BEACON FUNDS	1,045,380	0	0	For
Allspring	983,467	0	0	For
Ultimus Managers Trust	963,248	0	0	For
Jackson National	827,735	0	0	For
Natixis	732,990	0	0	For
MFS	601,069	0	0	For
WisdomTree	564,025	0	0	For
NEEDHAM FUNDS INC	557,500	0	0	For
Neuberger Berman	543,950	0	0	For
Principal	493,040	0	0	For
JPMorgan	478,805	0	0	For
Empower	246,232	0	0	For
DWS	379,483	0	0	For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

5. Elect Eight Directors to the Board to Serve for One-Year Terms: Douglas W. Jaeger

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 7 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%

FOR: 157,108,513AGAINST: 1,149,629

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Douglas W. Jaeger”): 157,108,513 for, 1,149,629 against, per its Form 8-K filed 2026-05-13 (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 209,006,024 outstanding shares: 75% for, 0.6% against (76% of the company cast a for/against vote).

The 104 asset managers below cast 99.9% of the shares they voted on this item FOR (78,958,459 for, 11 against).

FOR 99.7%

FOR: 78,958,459 (99.8%)AGAINST: 11 (0.0%)ABSTAIN: 20,249 (0.0%)NOT VOTED: 149,020 (0.2%)

Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Douglas W. Jaeger” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	22,819,241	11	1	For
BlackRock	18,668,178	0	0	For
Bridge Builder Trust	6,894,706	0	0	For
Fidelity	2,842,753	0	0	For
Delaware/Macquarie	2,558,387	0	0	For
Charles Schwab	2,101,504	0	0	For
Invesco	1,854,057	0	0	For
Global X	1,703,983	0	0	For
First Trust	1,439,358	0	0	For
Investment Managers Series Trust III	1,358,295	0	0	For
T. Rowe Price	1,128,386	0	0	For
AMG Funds IV	1,098,953	0	0	For
AMERICAN BEACON FUNDS	1,045,380	0	0	For
Allspring	983,467	0	0	For
Ultimus Managers Trust	963,248	0	0	For
Jackson National	827,735	0	0	For
Natixis	732,990	0	0	For
MFS	601,069	0	0	For
WisdomTree	564,025	0	0	For
NEEDHAM FUNDS INC	557,500	0	0	For
Neuberger Berman	543,950	0	0	For
Principal	493,040	0	0	For
JPMorgan	478,805	0	0	For
Empower	246,232	0	0	For
DWS	379,483	0	0	For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

6. Elect Eight Directors to the Board to Serve for One-Year Terms: Marian M. Durkin

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 7 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%

FOR: 156,077,464AGAINST: 1,507,033

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Marian M. Durkin”): 156,077,464 for, 1,507,033 against, per its Form 8-K filed 2026-05-13 (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 209,006,024 outstanding shares: 75% for, 0.8% against (75% of the company cast a for/against vote).

The 104 asset managers below cast 99.9% of the shares they voted on this item FOR (78,958,450 for, 12 against).

FOR 99.7%

FOR: 78,958,450 (99.8%)AGAINST: 12 (0.0%)ABSTAIN: 20,254 (0.0%)NOT VOTED: 149,020 (0.2%)

Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Marian M. Durkin” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	22,819,232	12	6	For
BlackRock	18,668,178	0	0	For
Bridge Builder Trust	6,894,706	0	0	For
Fidelity	2,842,753	0	0	For
Delaware/Macquarie	2,558,387	0	0	For
Charles Schwab	2,101,504	0	0	For
Invesco	1,854,057	0	0	For
Global X	1,703,983	0	0	For
First Trust	1,439,358	0	0	For
Investment Managers Series Trust III	1,358,295	0	0	For
T. Rowe Price	1,128,386	0	0	For
AMG Funds IV	1,098,953	0	0	For
AMERICAN BEACON FUNDS	1,045,380	0	0	For
Allspring	983,467	0	0	For
Ultimus Managers Trust	963,248	0	0	For
Jackson National	827,735	0	0	For
Natixis	732,990	0	0	For
MFS	601,069	0	0	For
WisdomTree	564,025	0	0	For
NEEDHAM FUNDS INC	557,500	0	0	For
Neuberger Berman	543,950	0	0	For
Principal	493,040	0	0	For
JPMorgan	478,805	0	0	For
Empower	246,232	0	0	For
DWS	379,483	0	0	For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

7. Elect Eight Directors to the Board to Serve for One-Year Terms: Nicole A. Kivisto

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 7 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%

FOR: 157,782,494AGAINST: 498,930

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Nicole A. Kivisto”): 157,782,494 for, 498,930 against, per its Form 8-K filed 2026-05-13 (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 209,006,024 outstanding shares: 75% for, 0.3% against (76% of the company cast a for/against vote).

The 104 asset managers below cast 99.9% of the shares they voted on this item FOR (78,958,465 for, 4 against).

FOR 99.7%

FOR: 78,958,465 (99.8%)AGAINST: 4 (0.0%)ABSTAIN: 20,248 (0.0%)NOT VOTED: 149,020 (0.2%)

Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Nicole A. Kivisto” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	22,819,247	4	For
BlackRock	18,668,178	0	For
Bridge Builder Trust	6,894,706	0	For
Fidelity	2,842,753	0	For
Delaware/Macquarie	2,558,387	0	For
Charles Schwab	2,101,504	0	For
Invesco	1,854,057	0	For
Global X	1,703,983	0	For
First Trust	1,439,358	0	For
Investment Managers Series Trust III	1,358,295	0	For
T. Rowe Price	1,128,386	0	For
AMG Funds IV	1,098,953	0	For
AMERICAN BEACON FUNDS	1,045,380	0	For
Allspring	983,467	0	For
Ultimus Managers Trust	963,248	0	For
Jackson National	827,735	0	For
Natixis	732,990	0	For
MFS	601,069	0	For
WisdomTree	564,025	0	For
NEEDHAM FUNDS INC	557,500	0	For
Neuberger Berman	543,950	0	For
Principal	493,040	0	For
JPMorgan	478,805	0	For
Empower	246,232	0	For
DWS	379,483	0	For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

8. Elect Eight Directors to the Board to Serve for One-Year Terms: Priti R. Patel

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 7 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%

FOR: 157,647,380AGAINST: 608,760

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Priti R. Patel”): 157,647,380 for, 608,760 against, per its Form 8-K filed 2026-05-13 (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 209,006,024 outstanding shares: 75% for, 0.3% against (76% of the company cast a for/against vote).

The 104 asset managers below cast 99.9% of the shares they voted on this item FOR (78,958,464 for, 4 against).

FOR 99.7%

FOR: 78,958,464 (99.8%)AGAINST: 4 (0.0%)ABSTAIN: 20,248 (0.0%)NOT VOTED: 149,020 (0.2%)

Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Priti R. Patel” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	22,819,246	4	For
BlackRock	18,668,178	0	For
Bridge Builder Trust	6,894,706	0	For
Fidelity	2,842,753	0	For
Delaware/Macquarie	2,558,387	0	For
Charles Schwab	2,101,504	0	For
Invesco	1,854,057	0	For
Global X	1,703,983	0	For
First Trust	1,439,358	0	For
Investment Managers Series Trust III	1,358,295	0	For
T. Rowe Price	1,128,386	0	For
AMG Funds IV	1,098,953	0	For
AMERICAN BEACON FUNDS	1,045,380	0	For
Allspring	983,467	0	For
Ultimus Managers Trust	963,248	0	For
Jackson National	827,735	0	For
Natixis	732,990	0	For
MFS	601,069	0	For
WisdomTree	564,025	0	For
NEEDHAM FUNDS INC	557,500	0	For
Neuberger Berman	543,950	0	For
Principal	493,040	0	For
JPMorgan	478,805	0	For
Empower	246,232	0	For
DWS	379,483	0	For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

9. Elect Eight Directors to the Board to Serve for One-Year Terms: Tammy J. Miller

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 7 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 157,313,621AGAINST: 952,917

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Tammy J. Miller”): 157,313,621 for, 952,917 against, per its Form 8-K filed 2026-05-13 (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 209,006,024 outstanding shares: 75% for, 0.5% against (76% of the company cast a for/against vote).

The 104 asset managers below cast 99.9% of the shares they voted on this item FOR (78,958,460 for, 9 against).

FOR 99.7%

FOR: 78,958,460 (99.8%)AGAINST: 9 (0.0%)ABSTAIN: 20,249 (0.0%)NOT VOTED: 149,020 (0.2%)

Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Tammy J. Miller” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Abstain	Vote
Vanguard	22,819,242	9	1	For
BlackRock	18,668,178	0	0	For
Bridge Builder Trust	6,894,706	0	0	For
Fidelity	2,842,753	0	0	For
Delaware/Macquarie	2,558,387	0	0	For
Charles Schwab	2,101,504	0	0	For
Invesco	1,854,057	0	0	For
Global X	1,703,983	0	0	For
First Trust	1,439,358	0	0	For
Investment Managers Series Trust III	1,358,295	0	0	For
T. Rowe Price	1,128,386	0	0	For
AMG Funds IV	1,098,953	0	0	For
AMERICAN BEACON FUNDS	1,045,380	0	0	For
Allspring	983,467	0	0	For
Ultimus Managers Trust	963,248	0	0	For
Jackson National	827,735	0	0	For
Natixis	732,990	0	0	For
MFS	601,069	0	0	For
WisdomTree	564,025	0	0	For
NEEDHAM FUNDS INC	557,500	0	0	For
Neuberger Berman	543,950	0	0	For
Principal	493,040	0	0	For
JPMorgan	478,805	0	0	For
Empower	246,232	0	0	For
DWS	379,483	0	0	For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

10. Elect Eight Directors to the Board to Serve for One-Year Terms: Vernon A. Dosch

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 7 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%

FOR: 157,748,991AGAINST: 508,798

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Vernon A. Dosch”): 157,748,991 for, 508,798 against, per its Form 8-K filed 2026-05-13 (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 209,006,024 outstanding shares: 75% for, 0.3% against (76% of the company cast a for/against vote).

The 104 asset managers below cast 99.9% of the shares they voted on this item FOR (78,958,465 for, 4 against).

FOR 99.7%

FOR: 78,958,465 (99.8%)AGAINST: 4 (0.0%)ABSTAIN: 20,248 (0.0%)NOT VOTED: 149,020 (0.2%)

Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Vernon A. Dosch” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	22,819,247	4	For
BlackRock	18,668,178	0	For
Bridge Builder Trust	6,894,706	0	For
Fidelity	2,842,753	0	For
Delaware/Macquarie	2,558,387	0	For
Charles Schwab	2,101,504	0	For
Invesco	1,854,057	0	For
Global X	1,703,983	0	For
First Trust	1,439,358	0	For
Investment Managers Series Trust III	1,358,295	0	For
T. Rowe Price	1,128,386	0	For
AMG Funds IV	1,098,953	0	For
AMERICAN BEACON FUNDS	1,045,380	0	For
Allspring	983,467	0	For
Ultimus Managers Trust	963,248	0	For
Jackson National	827,735	0	For
Natixis	732,990	0	For
MFS	601,069	0	For
WisdomTree	564,025	0	For
NEEDHAM FUNDS INC	557,500	0	For
Neuberger Berman	543,950	0	For
Principal	493,040	0	For
JPMorgan	478,805	0	For
Empower	246,232	0	For
DWS	379,483	0	For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

11. Ratify the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the 2026 Fiscal Year.

AUDIT-RELATEDMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 173,965,507AGAINST: 10,089,093

MDU Resources Group, Inc.’s own tally for this item (“Proposal 4: Ratification of Appointment of Independent Registered Public Accounting Firm”): 173,965,507 for, 10,089,093 against, per its Form 8-K filed 2026-05-13 (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 209,006,024 outstanding shares: 83% for, 5% against (88% of the company cast a for/against vote).

The 103 asset managers below cast 99.8% of the shares they voted on this item FOR (78,820,292 for, 128,847 against).

FOR 99.8%

FOR: 78,820,292 (99.8%)AGAINST: 128,847 (0.2%)ABSTAIN: 20,248 (0.0%)

Largest asset managers voting on “Ratify the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Vote
Vanguard	22,783,330	35,920	For
BlackRock	18,668,178	0	For
Bridge Builder Trust	6,894,706	0	For
Fidelity	2,842,753	0	For
Delaware/Macquarie	2,558,387	0	For
Charles Schwab	2,101,504	0	For
Invesco	1,854,057	0	For
Global X	1,703,983	0	For
First Trust	1,439,358	0	For
Investment Managers Series Trust III	1,358,295	0	For
T. Rowe Price	1,128,386	0	For
AMG Funds IV	1,098,953	0	For
AMERICAN BEACON FUNDS	1,045,380	0	For
Allspring	983,467	0	For
Ultimus Managers Trust	963,248	0	For
Jackson National	827,735	0	For
Natixis	732,990	0	For
MFS	601,069	0	For
WisdomTree	564,025	0	For
NEEDHAM FUNDS INC	557,500	0	For
Neuberger Berman	543,950	0	For
Principal	493,040	0	For
JPMorgan	478,805	0	For
DWS	379,483	0	For
State Street	375,540	27	For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

12. Amend Restricted Stock Plan

COMPENSATION

100% fund support · no official result

NOT VOTED 94%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (9,328 for, 0 against).

FOR: 9,328 (5.9%)NOT VOTED: 149,020 (94.1%)

Largest asset managers voting on “Amend Restricted Stock Plan” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
Empower	0	0	0	0	Not Voted
CLEARWATER INVESTMENT TRUST	9,328	0	0	0	For

13. Audit Related

AUDIT-RELATED

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 (1,729 for, 0 against).

FOR: 1,729 (100.0%)

Largest asset managers voting on “Audit Related” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
Two Roads Shared Trust	1,030	0	0	0	For
Members Trust Co	699	0	0	0	For

14. Compensation

COMPENSATIONMajority of the votes cast: yes

98% Majority: yes · of votes cast

FOR 98%

FOR: 155,483,583AGAINST: 2,448,238

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,729 for, 0 against).

FOR 100%

FOR: 1,729 (100.0%)

Largest asset managers voting on “Compensation” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
Two Roads Shared Trust	1,030	0	0	0	For
Members Trust Co	699	0	0	0	For

15. Ratify Deloitte & Touche LLP as Auditors

AUDIT-RELATED

100% fund support · no official result

NOT VOTED 94%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (9,328 for, 0 against).

FOR: 9,328 (5.9%)NOT VOTED: 149,020 (94.1%)

Largest asset managers voting on “Ratify Deloitte & Touche LLP as Auditors” at MDU Resources Group, Inc., 2025-2026
Asset manager	For	Against	Abstain	Withheld	Vote
Empower	0	0	0	0	Not Voted
CLEARWATER INVESTMENT TRUST	9,328	0	0	0	For

Largest MDU Resources Group, Inc. shareholders voting in 2025-2026

Ranked by the number of MDU Resources Group, Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 209,006,024 shares outstanding at the time of that meeting.

Top MDU Resources Group, Inc. shareholders by shares voted, 2025-2026
#	Asset manager	% of shares outstanding
1	Vanguard	11.71%
2	BlackRock	9.83%
3	BARROW HANLEY MEWHINNEY & STRAUSS LLC	4.18%
4	EARNEST PARTNERS LLC	3.67%
5	Bridge Builder Trust	3.30%
6	Charles Schwab	2.10%
7	Invesco	1.85%
8	T. Rowe Price	1.69%
9	State Street	1.39%
10	River Road Asset Management, LLC	1.38%

Reported MDU Resources Group, Inc. ownership

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

MDU Resources Group, Inc. beneficial owners on record for the 2025-2026 proxy season
Holder	% outstanding	Disclosure
BlackRock	12.30%	13F
Vanguard Group	11.40%	13F
BARROW HANLEY MEWHINNEY & STRAUSS LLC	6.25%	13G
Vanguard Portfolio Management	6.01%	13G
Dimensional Fund Advisors	4.92%	13F
State Street	3.34%	13F
Morgan Stanley	1.92%	13F
BNY Mellon	1.13%	13F
Charles Schwab	1.08%	13F
Invesco	0.90%	13F

Percentages above are of 209,006,024 shares outstanding, as reported by MDU Resources Group, Inc. on its Form 10-Q dated 2026-04-30 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from MDU Resources Group, Inc.’s 10-Q dated 2026-04-30. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At MDU Resources Group, Inc.'s shareholder meeting held 2026-05-11, in the 2025-2026 proxy season, 458 asset managers reported how they voted in their SEC Form N-PX filings, covering 4,267 separate fund positions. Their filings are grouped here into 15 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 — Vote, on an Advisory Basis, to Approve the Company's Named Executive Officers' compensation. — FOR was 98% 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: MDU Resources Group, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2026-05-13.

MDU Resources Group, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).