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Compiled from SEC Form N-PX filings and MGE Energy, Inc.’s Form 8-K, filed 2026-05-22 (Item 5.07 on EDGAR). Page generated 02 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 2026-05-22 (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: James G. Berbee | 21,071,638 | 451,915 | 247,806 | -- | 4,534,547 | Majority: yes |
| Elect Director: Londa J. Dewey | 20,822,325 | 674,656 | 274,378 | -- | 4,534,547 | Majority: yes |
| Elect Director: Angela S. Rieger | 21,179,826 | 330,755 | 260,778 | -- | 4,534,547 | Majority: yes |
| Proposal 2: Ratification of selection of PricewaterhouseCoopers LLP to serve as the company's independent registered public accounting firm for the year 2026. | 25,526,278 | 531,389 | 248,239 | -- | -- | Majority: yes |
| Proposal 3: Advisory vote on executive compensation as disclosed in the annual meeting proxy statement. | 20,105,054 | 1,166,451 | 499,854 | -- | 4,534,547 | Majority: yes |
Source: MGE Energy, Inc., Form 8-K, filed with the SEC on 2026-05-22 — read the filing on EDGAR.
Each item below shows how the 321 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 10 wordings of this item as funds reported it.
95% 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.”): 20,105,054 for, 1,166,451 against, per its Form 8-K filed 2026-05-22 (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 36,756,422 outstanding shares: 54.7% for, 3% against (58% of the company cast a for/against vote).
The 313 asset managers below cast 98% of the shares they voted on this item FOR (20,565,199 for, 336,649 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 5,336,394 | 301 | 0 | 0 | For |
| Vanguard | 4,677,457 | 11 | 2 | 0 | For |
| State Street | 1,733,539 | 1,240 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 915,595 | 0 | 0 | 0 | For |
| Fidelity | 850,283 | 0 | 0 | 0 | For |
| Charles Schwab | 806,580 | 0 | 0 | 0 | For |
| Victory Capital | 759,822 | 0 | 0 | 0 | For |
| First Trust | 449,078 | 0 | 0 | 0 | For |
| Northern Trust | 352,148 | 0 | 0 | 0 | For |
| Dimensional | 262,500 | 0 | 0 | 0 | For |
| Gabelli | 249,500 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 233,301 | 0 | 0 | 0 | For |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | 225,088 | 0 | 0 | 0 | For |
| PRINCIPAL GLOBAL INVESTORS | 178,446 | 0 | 0 | 0 | For |
| Nuveen | 163,456 | 0 | 0 | 0 | For |
| Goldman Sachs | 160,318 | 0 | 0 | 0 | For |
| TIAA | 157,213 | 0 | 0 | 0 | For |
| T. Rowe Price | 135,488 | 0 | 0 | 0 | For |
| DEPRINCE RACE & ZOLLO INC | 134,377 | 0 | 0 | 0 | For |
| PUBLIC SECTOR PENSION INVESTMENT BOARD | 130,668 | 0 | 0 | 0 | For |
| PARAMETRIC PORTFOLIO ASSOCIATES LLC | 128,135 | 0 | 0 | 0 | For |
| Invesco | 109,979 | 0 | 0 | 0 | For |
| Legal & General Investment Management Ltd | 2,116 | 98,389 | 0 | 0 | Against |
| WisdomTree | 95,378 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 91,453 | 0 | 0 | 0 | For |
Showing the 25 largest of 313 asset managers. See all 313 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 (“Elect Director: Angela S. Rieger”): 21,179,826 for, 330,755 against, per its Form 8-K filed 2026-05-22 (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 36,756,422 outstanding shares: 58% for, 0.9% against (59% of the company cast a for/against vote).
The 73 asset managers below cast 99.6% of the shares they voted on this item FOR (12,925,167 for, 43,809 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 4,357,480 | 2 | 0 | 0 | For |
| BlackRock | 3,837,822 | 0 | 0 | 0 | For |
| State Street | 900,960 | 0 | 0 | 0 | For |
| Fidelity | 846,846 | 0 | 0 | 0 | For |
| First Trust | 447,501 | 0 | 0 | 0 | For |
| Charles Schwab | 388,345 | 0 | 0 | 0 | For |
| Victory Capital | 341,407 | 0 | 0 | 0 | For |
| Gabelli | 248,200 | 0 | 0 | 0 | For |
| Dimensional | 169,687 | 0 | 0 | 0 | For |
| TIAA | 155,742 | 0 | 0 | 0 | For |
| WisdomTree | 95,378 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 91,453 | 0 | 0 | 0 | For |
| Invesco | 86,551 | 0 | 0 | 0 | For |
| ProShares | 85,366 | 0 | 0 | 0 | For |
| Equitable | 52,627 | 23,870 | 0 | 0 | For |
| Jackson National | 64,882 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 60,010 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 56,266 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 50,472 | 0 | 0 | 0 | For |
| Goldman Sachs | 47,032 | 0 | 0 | 0 | For |
| Prudential/PGIM | 35,814 | 0 | 0 | 0 | For |
| American Century | 34,352 | 0 | 0 | 0 | For |
| BNY Mellon | 32,639 | 0 | 0 | 0 | For |
| JPMorgan | 31,682 | 0 | 0 | 0 | For |
| Principal | 31,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 73 asset managers. See all 73 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 (“Elect Director: James G. Berbee”): 21,071,638 for, 451,915 against, per its Form 8-K filed 2026-05-22 (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 36,756,422 outstanding shares: 57% for, 1% against (59% of the company cast a for/against vote).
The 73 asset managers below cast 99.6% of the shares they voted on this item FOR (12,925,164 for, 43,813 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 4,357,477 | 6 | 0 | 0 | For |
| BlackRock | 3,837,822 | 0 | 0 | 0 | For |
| State Street | 900,960 | 0 | 0 | 0 | For |
| Fidelity | 846,846 | 0 | 0 | 0 | For |
| First Trust | 447,501 | 0 | 0 | 0 | For |
| Charles Schwab | 388,345 | 0 | 0 | 0 | For |
| Victory Capital | 341,407 | 0 | 0 | 0 | For |
| Gabelli | 248,200 | 0 | 0 | 0 | For |
| Dimensional | 169,687 | 0 | 0 | 0 | For |
| TIAA | 155,742 | 0 | 0 | 0 | For |
| WisdomTree | 95,378 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 91,453 | 0 | 0 | 0 | For |
| Invesco | 86,551 | 0 | 0 | 0 | For |
| ProShares | 85,366 | 0 | 0 | 0 | For |
| Equitable | 52,627 | 23,870 | 0 | 0 | For |
| Jackson National | 64,882 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 60,010 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 56,266 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 50,472 | 0 | 0 | 0 | For |
| Goldman Sachs | 47,032 | 0 | 0 | 0 | For |
| Prudential/PGIM | 35,814 | 0 | 0 | 0 | For |
| American Century | 34,352 | 0 | 0 | 0 | For |
| BNY Mellon | 32,639 | 0 | 0 | 0 | For |
| JPMorgan | 31,682 | 0 | 0 | 0 | For |
| Principal | 31,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.
Combines 5 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: Londa J. Dewey”): 20,822,325 for, 674,656 against, per its Form 8-K filed 2026-05-22 (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 36,756,422 outstanding shares: 57% for, 2% against (58% of the company cast a for/against vote).
The 73 asset managers below cast 99.6% of the shares they voted on this item FOR (12,924,445 for, 44,533 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 4,357,476 | 8 | 0 | 0 | For |
| BlackRock | 3,837,822 | 0 | 0 | 0 | For |
| State Street | 900,905 | 55 | 0 | 0 | For |
| Fidelity | 846,846 | 0 | 0 | 0 | For |
| First Trust | 447,501 | 0 | 0 | 0 | For |
| Charles Schwab | 388,345 | 0 | 0 | 0 | For |
| Victory Capital | 341,407 | 0 | 0 | 0 | For |
| Gabelli | 248,200 | 0 | 0 | 0 | For |
| Dimensional | 169,687 | 0 | 0 | 0 | For |
| TIAA | 155,742 | 0 | 0 | 0 | For |
| WisdomTree | 95,378 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 91,453 | 0 | 0 | 0 | For |
| Invesco | 86,551 | 0 | 0 | 0 | For |
| ProShares | 85,366 | 0 | 0 | 0 | For |
| Equitable | 52,627 | 23,870 | 0 | 0 | For |
| Jackson National | 64,882 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 60,010 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 56,266 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 50,472 | 0 | 0 | 0 | For |
| Goldman Sachs | 47,032 | 0 | 0 | 0 | For |
| Prudential/PGIM | 35,814 | 0 | 0 | 0 | For |
| American Century | 34,352 | 0 | 0 | 0 | For |
| BNY Mellon | 32,639 | 0 | 0 | 0 | For |
| JPMorgan | 31,682 | 0 | 0 | 0 | For |
| Principal | 31,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 73 asset managers. See all 73 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 the company's independent registered public accounting firm for the year 2026.”): 25,526,278 for, 531,389 against, per its Form 8-K filed 2026-05-22 (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 36,756,422 outstanding shares: 69% for, 1% against (71% of the company cast a for/against vote).
The 73 asset managers below cast 99.9% of the shares they voted on this item FOR (12,959,143 for, 9,835 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 4,350,426 | 7,057 | 0 | 0 | For |
| BlackRock | 3,837,822 | 0 | 0 | 0 | For |
| State Street | 900,905 | 55 | 0 | 0 | For |
| Fidelity | 846,846 | 0 | 0 | 0 | For |
| First Trust | 447,501 | 0 | 0 | 0 | For |
| Charles Schwab | 388,345 | 0 | 0 | 0 | For |
| Victory Capital | 341,407 | 0 | 0 | 0 | For |
| Gabelli | 248,200 | 0 | 0 | 0 | For |
| Dimensional | 169,687 | 0 | 0 | 0 | For |
| TIAA | 155,742 | 0 | 0 | 0 | For |
| WisdomTree | 95,378 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 91,453 | 0 | 0 | 0 | For |
| Invesco | 86,551 | 0 | 0 | 0 | For |
| ProShares | 85,366 | 0 | 0 | 0 | For |
| Equitable | 76,497 | 0 | 0 | 0 | For |
| Jackson National | 64,882 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 60,010 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 56,266 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 50,472 | 0 | 0 | 0 | For |
| Goldman Sachs | 47,032 | 0 | 0 | 0 | For |
| Prudential/PGIM | 35,814 | 0 | 0 | 0 | For |
| American Century | 34,352 | 0 | 0 | 0 | For |
| BNY Mellon | 32,639 | 0 | 0 | 0 | For |
| JPMorgan | 31,682 | 0 | 0 | 0 | For |
| Principal | 31,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.
95% 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.”): 20,105,054 for, 1,166,451 against, per its Form 8-K filed 2026-05-22 (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 36,756,422 outstanding shares: 54.7% for, 3% against (58% of the company cast a for/against vote).
The 6 asset managers below cast 100% of the shares they voted on this item FOR (160,214 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Capital Group | 127,462 | 0 | 0 | 0 | For |
| Empower | 26,086 | 0 | 0 | 0 | For |
| APG Asset Management US Inc. | 2,436 | 0 | 0 | 0 | For |
| CLEARWATER INVESTMENT TRUST | 1,630 | 0 | 0 | 0 | For |
| OARSMAN CAPITAL, INC. | 1,490 | 0 | 0 | 0 | For |
| Ausbil Investment Management Ltd | 1,110 | 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 2025-2026 meeting, shown as a share of the 36,756,422 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | BlackRock | 14.52% |
| 2 | Vanguard | 12.73% |
| 3 | State Street | 4.72% |
| 4 | GEODE CAPITAL MANAGEMENT, LLC | 2.49% |
| 5 | Fidelity | 2.31% |
| 6 | Charles Schwab | 2.19% |
| 7 | Victory Capital | 2.07% |
| 8 | First Trust | 1.22% |
| 9 | Northern Trust | 0.96% |
| 10 | Dimensional | 0.71% |
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 | 14.85% | 13F |
| Vanguard Group | 12.38% | 13F |
| Vanguard Portfolio Management | 7.31% | 13G |
| State Street | 5.22% | 13F |
| Dimensional Fund Advisors | 1.86% | 13F |
| Charles Schwab | 1.14% | 13F |
| Northern Trust | 0.98% | 13F |
| Morgan Stanley | 0.89% | 13F |
| BNY Mellon | 0.87% | 13F |
| Goldman Sachs | 0.62% | 13F |
Percentages above are of 36,756,422 shares outstanding, as reported by MGE Energy, 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.
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-Q dated 2026-04-30. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.
At MGE Energy, Inc.'s shareholder meeting held 2026-05-19, in the 2025-2026 proxy season, 321 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,735 separate fund positions. Their filings are grouped here into 6 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 95% 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 2026-05-22.
MGE Energy, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).