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Compiled from SEC Form N-PX filings and MGE ENERGY INC.’s Form 8-K, filed 2024-05-23 (Item 5.07 on EDGAR). Page generated 04 October 2026.
Explore MGE ENERGY INC. in the interactive database Compare manager voting policies
These tallies are MGE ENERGY INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2024-05-23 (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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Outcome |
|---|---|---|---|---|---|---|
| Elect Director: Patricia K. Ackerman | 23,802,769 | -- | -- | 1,219,142 | 4,211,651 | Majority: yes |
| Elect Director: Marcia M. Anderson | 22,666,274 | -- | -- | 2,355,637 | 4,211,651 | Majority: yes |
| Elect Director: Jeffrey M. Keebler | 24,359,073 | -- | -- | 662,838 | 4,211,651 | Majority: yes |
| Elect Director: Gary J. Wolter | 24,639,641 | -- | -- | 382,270 | 4,211,651 | Majority: yes |
| Proposal 2: Ratification of selection of PricewaterhouseCoopers LLP to serve as MGE Energy's independent registered public accounting firm for the year 2024. | 28,445,032 | 580,027 | 208,503 | -- | 0 | Majority: yes |
| Proposal 3: Advisory vote on executive compensation as disclosed in the annual meeting proxy statement. | 23,069,693 | 1,398,363 | 553,855 | -- | 4,211,651 | Majority: yes |
Source: MGE ENERGY INC., Form 8-K, filed with the SEC on 2024-05-23 — read the filing on EDGAR.
Each item below shows how the 253 asset managers that disclosed a MGE ENERGY 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 MGE ENERGY 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.
Combines 9 wordings of this item as funds reported it.
94% Majority: yes · of votes cast
MGE ENERGY INC.’s own tally for this item (“Proposal 3: Advisory vote on executive compensation as disclosed in the annual meeting proxy statement.”): 23,069,693 for, 1,398,363 against, per its Form 8-K filed 2024-05-23 (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 36,163,000 outstanding shares: 64% for, 4% against (68% of the company cast a for/against vote).
The 248 asset managers below cast 97% of the shares they voted on this item FOR (21,360,978 for, 582,983 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 4,814,012 | 301 | 0 | 0 | For |
| Vanguard | 4,348,618 | 0 | 0 | 0 | For |
| Victory Capital | 2,491,627 | 5,930 | 0 | 0 | For |
| State Street | 1,889,409 | 11,550 | 0 | 0 | For |
| T. Rowe Price | 1,559,820 | 0 | 0 | 0 | For |
| Charles Schwab | 782,505 | 0 | 0 | 0 | For |
| Dimensional | 665,539 | 0 | 0 | 0 | For |
| Gabelli | 339,600 | 0 | 0 | 0 | For |
| Fidelity | 328,796 | 0 | 0 | 0 | For |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | 323,143 | 0 | 0 | 0 | For |
| Nuveen | 296,849 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 283,024 | 0 | 0 | 0 | For |
| Northern Trust | 254,971 | 0 | 0 | 0 | For |
| TIAA | 235,156 | 0 | 0 | 0 | For |
| Goldman Sachs | 224,734 | 0 | 0 | 0 | For |
| PRINCIPAL GLOBAL INVESTORS | 203,710 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 178,485 | 0 | 0 | 0 | For |
| WisdomTree | 129,609 | 0 | 0 | 0 | For |
| JPMorgan | 123,508 | 0 | 0 | 0 | For |
| Legal & General Investment Management Ltd | 0 | 114,305 | 0 | 0 | Against |
| Jackson National | 101,409 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 95,541 | 5,083 | 0 | 0 | For |
| Columbia Threadneedle | 99,320 | 0 | 0 | 0 | For |
| Legal & General Investment Management America Inc | 0 | 98,324 | 0 | 0 | Against |
| PARAMETRIC PORTFOLIO ASSOCIATES LLC | 0 | 94,917 | 0 | 0 | Against |
Showing the 25 largest of 248 asset managers. See all 248 in the interactive database.
Combines 5 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
MGE ENERGY INC.’s own tally for this item (“Proposal 2: Ratification of selection of PricewaterhouseCoopers LLP to serve as MGE Energy's independent registered public accounting firm for the year 2024.”): 28,445,032 for, 580,027 against, per its Form 8-K filed 2024-05-23 (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 36,163,000 outstanding shares: 79% for, 2% against (80% of the company cast a for/against vote).
The 69 asset managers below cast 99.9% of the shares they voted on this item FOR (14,304,118 for, 178 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 4,470,803 | 0 | 0 | 0 | For |
| Vanguard | 4,253,597 | 0 | 0 | 0 | For |
| Victory Capital | 1,111,024 | 0 | 0 | 0 | For |
| Dimensional | 588,502 | 0 | 0 | 0 | For |
| T. Rowe Price | 579,765 | 0 | 0 | 0 | For |
| State Street | 573,197 | 52 | 0 | 0 | For |
| Charles Schwab | 389,436 | 0 | 0 | 0 | For |
| Gabelli | 337,800 | 0 | 0 | 0 | For |
| Fidelity | 326,721 | 0 | 0 | 0 | For |
| TIAA | 233,205 | 0 | 0 | 0 | For |
| WisdomTree | 129,609 | 0 | 0 | 0 | For |
| Goldman Sachs | 109,544 | 0 | 0 | 0 | For |
| Jackson National | 101,409 | 0 | 0 | 0 | For |
| JPMorgan | 101,144 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 100,624 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 99,320 | 0 | 0 | 0 | For |
| Equitable | 92,642 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 64,467 | 0 | 0 | 0 | For |
| Northwestern Mutual | 46,862 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 42,800 | 0 | 0 | 0 | For |
| Principal | 41,313 | 0 | 0 | 0 | For |
| Prudential/PGIM | 39,551 | 0 | 0 | 0 | For |
| Lincoln Financial | 38,702 | 0 | 0 | 0 | For |
| First Trust | 38,318 | 0 | 0 | 0 | For |
| American Century | 37,143 | 0 | 0 | 0 | For |
Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.
Combines 6 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
MGE ENERGY INC.’s own tally for this item (“Elect Director: Gary J. Wolter”): 24,639,641 for, 382,270 withheld, per its Form 8-K filed 2024-05-23 (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 36,163,000 outstanding shares: 68% for, 1% withheld (69% of the company cast a for/withheld vote).
The 66 asset managers below cast 100% of the shares they voted on this item FOR (13,927,877 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 4,470,803 | 0 | 0 | 0 | For |
| Vanguard | 4,253,597 | 0 | 0 | 0 | For |
| Victory Capital | 1,111,024 | 0 | 0 | 0 | For |
| Dimensional | 588,502 | 0 | 0 | 0 | For |
| T. Rowe Price | 579,765 | 0 | 0 | 0 | For |
| State Street | 573,238 | 0 | 11 | 0 | For |
| Charles Schwab | 389,436 | 0 | 0 | 0 | For |
| Fidelity | 326,721 | 0 | 0 | 0 | For |
| TIAA | 233,205 | 0 | 0 | 0 | For |
| WisdomTree | 129,609 | 0 | 0 | 0 | For |
| Goldman Sachs | 109,544 | 0 | 0 | 0 | For |
| Jackson National | 101,409 | 0 | 0 | 0 | For |
| JPMorgan | 101,144 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 100,624 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 99,320 | 0 | 0 | 0 | For |
| Equitable | 56,072 | 0 | 36,570 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 64,467 | 0 | 0 | 0 | For |
| Northwestern Mutual | 46,862 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 42,800 | 0 | 0 | 0 | For |
| Principal | 41,313 | 0 | 0 | 0 | For |
| Prudential/PGIM | 39,551 | 0 | 0 | 0 | For |
| Lincoln Financial | 38,702 | 0 | 0 | 0 | For |
| First Trust | 38,318 | 0 | 0 | 0 | For |
| American Century | 37,143 | 0 | 0 | 0 | For |
| Thrivent | 31,372 | 0 | 0 | 0 | For |
Showing the 25 largest of 66 asset managers. See all 66 in the interactive database.
Combines 6 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
MGE ENERGY INC.’s own tally for this item (“Elect Director: Jeffrey M. Keebler”): 24,359,073 for, 662,838 withheld, per its Form 8-K filed 2024-05-23 (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 36,163,000 outstanding shares: 67% for, 2% withheld (69% of the company cast a for/withheld vote).
The 66 asset managers below cast 100% of the shares they voted on this item FOR (13,959,421 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 4,470,803 | 0 | 0 | 0 | For |
| Vanguard | 4,253,597 | 0 | 0 | 0 | For |
| Victory Capital | 1,111,024 | 0 | 0 | 0 | For |
| Dimensional | 588,502 | 0 | 0 | 0 | For |
| T. Rowe Price | 579,765 | 0 | 0 | 0 | For |
| State Street | 573,238 | 0 | 11 | 0 | For |
| Charles Schwab | 389,436 | 0 | 0 | 0 | For |
| Fidelity | 326,721 | 0 | 0 | 0 | For |
| TIAA | 233,205 | 0 | 0 | 0 | For |
| WisdomTree | 129,609 | 0 | 0 | 0 | For |
| Goldman Sachs | 109,544 | 0 | 0 | 0 | For |
| Jackson National | 101,409 | 0 | 0 | 0 | For |
| JPMorgan | 101,144 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 100,624 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 99,320 | 0 | 0 | 0 | For |
| Equitable | 92,642 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 64,467 | 0 | 0 | 0 | For |
| Northwestern Mutual | 46,862 | 0 | 0 | 0 | For |
| BRIDGEWAY FUNDS INC | 42,800 | 0 | 0 | 0 | For |
| Principal | 41,313 | 0 | 0 | 0 | For |
| Prudential/PGIM | 39,551 | 0 | 0 | 0 | For |
| Lincoln Financial | 38,702 | 0 | 0 | 0 | For |
| First Trust | 38,318 | 0 | 0 | 0 | For |
| American Century | 37,143 | 0 | 0 | 0 | For |
| Thrivent | 31,372 | 0 | 0 | 0 | For |
Showing the 25 largest of 66 asset managers. See all 66 in the interactive database.
Combines 6 wordings of this item as funds reported it.
91% Majority: yes · of votes cast
MGE ENERGY INC.’s own tally for this item (“Elect Director: Marcia M. Anderson”): 22,666,274 for, 2,355,637 withheld, per its Form 8-K filed 2024-05-23 (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 36,163,000 outstanding shares: 63% for, 7% withheld (69% of the company cast a for/withheld vote).
The 66 asset managers below cast 100% of the shares they voted on this item FOR (12,654,656 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 4,470,803 | 0 | 0 | 0 | For |
| Vanguard | 4,253,597 | 0 | 0 | 0 | For |
| Victory Capital | 1,111,024 | 0 | 0 | 0 | For |
| Dimensional | 588,502 | 0 | 0 | 0 | For |
| T. Rowe Price | 19,788 | 0 | 559,977 | 0 | Abstain |
| State Street | 573,249 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 389,436 | 0 | Abstain |
| Fidelity | 326,721 | 0 | 0 | 0 | For |
| TIAA | 233,205 | 0 | 0 | 0 | For |
| WisdomTree | 0 | 0 | 129,609 | 0 | Abstain |
| Goldman Sachs | 109,544 | 0 | 0 | 0 | For |
| Jackson National | 8,614 | 0 | 92,795 | 0 | Abstain |
| JPMorgan | 101,144 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 100,624 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 99,320 | 0 | 0 | 0 | For |
| Equitable | 56,072 | 0 | 36,570 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 64,467 | 0 | 0 | 0 | For |
| Northwestern Mutual | 13,628 | 0 | 33,234 | 0 | Abstain |
| BRIDGEWAY FUNDS INC | 42,800 | 0 | 0 | 0 | For |
| Principal | 41,313 | 0 | 0 | 0 | For |
| Prudential/PGIM | 39,551 | 0 | 0 | 0 | For |
| Lincoln Financial | 38,702 | 0 | 0 | 0 | For |
| First Trust | 38,318 | 0 | 0 | 0 | For |
| American Century | 37,143 | 0 | 0 | 0 | For |
| Thrivent | 31,372 | 0 | 0 | 0 | For |
Showing the 25 largest of 66 asset managers. See all 66 in the interactive database.
Combines 6 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
MGE ENERGY INC.’s own tally for this item (“Elect Director: Patricia K. Ackerman”): 23,802,769 for, 1,219,142 withheld, per its Form 8-K filed 2024-05-23 (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 36,163,000 outstanding shares: 66% for, 3% withheld (69% of the company cast a for/withheld vote).
The 66 asset managers below cast 100% of the shares they voted on this item FOR (13,362,914 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 4,470,803 | 0 | 0 | 0 | For |
| Vanguard | 4,253,597 | 0 | 0 | 0 | For |
| Victory Capital | 1,111,024 | 0 | 0 | 0 | For |
| Dimensional | 588,502 | 0 | 0 | 0 | For |
| T. Rowe Price | 19,788 | 0 | 559,977 | 0 | Abstain |
| State Street | 573,249 | 0 | 0 | 0 | For |
| Charles Schwab | 389,436 | 0 | 0 | 0 | For |
| Fidelity | 326,721 | 0 | 0 | 0 | For |
| TIAA | 233,205 | 0 | 0 | 0 | For |
| WisdomTree | 129,609 | 0 | 0 | 0 | For |
| Goldman Sachs | 109,544 | 0 | 0 | 0 | For |
| Jackson National | 101,409 | 0 | 0 | 0 | For |
| JPMorgan | 101,144 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 100,624 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 99,320 | 0 | 0 | 0 | For |
| Equitable | 92,642 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 64,467 | 0 | 0 | 0 | For |
| Northwestern Mutual | 13,628 | 0 | 33,234 | 0 | Abstain |
| BRIDGEWAY FUNDS INC | 42,800 | 0 | 0 | 0 | For |
| Principal | 41,313 | 0 | 0 | 0 | For |
| Prudential/PGIM | 39,551 | 0 | 0 | 0 | For |
| Lincoln Financial | 38,702 | 0 | 0 | 0 | For |
| First Trust | 38,318 | 0 | 0 | 0 | For |
| American Century | 37,143 | 0 | 0 | 0 | For |
| Thrivent | 31,372 | 0 | 0 | 0 | For |
Showing the 25 largest of 66 asset managers. See all 66 in the interactive database.
94% Majority: yes · of votes cast
MGE ENERGY INC.’s own tally for this item (“Proposal 3: Advisory vote on executive compensation as disclosed in the annual meeting proxy statement.”): 23,069,693 for, 1,398,363 against, per its Form 8-K filed 2024-05-23 (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 36,163,000 outstanding shares: 64% for, 4% against (68% of the company cast a for/against vote).
The 5 asset managers below cast 100% of the shares they voted on this item FOR (224,095 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Capital Group | 111,816 | 0 | 0 | 0 | For |
| JPMorgan | 108,803 | 0 | 0 | 0 | For |
| OARSMAN CAPITAL, INC. | 2,823 | 0 | 0 | 0 | For |
| Virtus | 374 | 0 | 0 | 0 | For |
| Empower | 279 | 0 | 0 | 0 | For |
100% fund support · no official result
The 3 asset managers below cast 100% of the shares they voted on this item FOR (335,046 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Gabelli | 329,800 | 0 | 0 | 0 | For |
| TIMOTHY PLAN | 4,596 | 0 | 0 | 0 | For |
| SYNTAX ETF TRUST | 650 | 0 | 0 | 0 | For |
Ranked by the number of MGE ENERGY INC. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 36,163,000 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | BlackRock | 13.31% |
| 2 | Vanguard | 12.03% |
| 3 | Victory Capital | 6.91% |
| 4 | State Street | 5.26% |
| 5 | T. Rowe Price | 4.31% |
| 6 | Charles Schwab | 2.17% |
| 7 | Dimensional | 1.84% |
| 8 | Gabelli | 0.94% |
| 9 | Fidelity | 0.91% |
| 10 | SILVERCREST ASSET MANAGEMENT GROUP LLC | 0.89% |
Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).
| Holder | % outstanding | Disclosure |
|---|---|---|
| BlackRock | 15.65% | 13F |
| Vanguard Group | 12.60% | 13F |
| State Street | 4.10% | 13F |
| Geode Capital | 2.29% | 13F |
| Dimensional Fund Advisors | 2.11% | 13F |
| BNY Mellon | 1.19% | 13F |
| Charles Schwab | 1.09% | 13F |
| Northern Trust | 1.06% | 13F |
| Morgan Stanley | 0.94% | 13F |
| Nuveen | 0.80% | 13F |
Percentages above are of 36,163,000 shares outstanding, as reported by MGE ENERGY INC. on its Form 10-K dated 2023-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.
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 MGE ENERGY INC.’s 10-K dated 2023-12-31. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.
At MGE ENERGY INC.'s shareholder meeting held 2024-05-21, in the 2023-2024 proxy season, 253 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,794 separate fund positions. Their filings are grouped here into 8 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: Approval of the compensation of the named executive officers as disclosed in the… — 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: MGE ENERGY INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2024-05-23.
MGE ENERGY INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.