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At Modiv Industrial, Inc.'s shareholder meeting held July 23, 2025, in the 2025-2026 proxy season, 56 asset managers reported how they voted on 8 ballot items in their SEC Form N-PX filings, covering 177 separate fund positions. On the most widely held item on that ballot — To approve, on an advisory (non-binding) basis, the compensation paid to the Company's named… — Modiv Industrial, Inc.'s filing reports the proposal as approved, with 89% support 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). Source: Modiv Industrial, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on July 25, 2025.
Download data (CSV): ballot items · votes by manager · column guide.
Compiled from SEC Form N-PX filings and Modiv Industrial, Inc.’s Form 8-K, filed July 25, 2025 (Item 5.07 on EDGAR). Page generated November 8, 2026.
Meeting of July 23, 2025: 8 items on Modiv Industrial, Inc.’s Form 8-K, filed July 25, 2025: 5 elected · 2 approved · 1 not approved.
None.
Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided
Proxy season: 2025-2026
Explore Modiv Industrial, Inc. in the interactive database Compare manager voting policies
These tallies are Modiv Industrial, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed July 25, 2025 (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 | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Aaron S. Halfacre | 4,925,283 | -- | -- | 377,949 | 1,450,535 | 93% | Elected | — |
| Elect Director: Christopher Gingras | 4,950,681 | -- | -- | 352,551 | 1,450,535 | 93% | Elected | — |
| Elect Director: Thomas H. Nolan, Jr. | 4,909,977 | -- | -- | 393,255 | 1,450,535 | 93% | Elected | — |
| Elect Director: Kimberly Smith | 4,522,837 | -- | -- | 780,395 | 1,450,535 | 85% | Elected | — |
| Elect Director: Connie Tirondola | 4,902,431 | -- | -- | 400,801 | 1,450,535 | 92% | Elected | — |
| The ratification of the appointment of Grant Thornton LLP as the Registrant's independent registered public accounting firm for the year ending December 31, 2025 The Registrant's stockholders ratified the appointment of Grant Thornton LLP as the Re | 6,399,208 | 158,516 | 196,043 | -- | -- | 98% | Approved | — |
| Approval, on an advisory (non-binding) basis, of the compensation paid to the Registrant's named executive officers for the year ended December 31, 2024 The Registrant's stockholders approved, on an advisory (non-binding) basis, the compensation pa | 4,379,730 | 524,744 | 398,758 | -- | 1,450,535 | 89% | Approved | — |
| Approval to approve the Reverse Stock Split Proposal The Registrant's stockholders did not approve the adoption of the Reverse Stock Split Proposal, which required an affirmative vote of a majority of the 10,108,147 shares outstanding on the April | 4,420,099 | 631,924 | 251,209 | -- | 1,450,535 | 87% | Not approved Filing and tally disagree The company's filing says not approved; its own tally shows 87% FOR. | — |
Source: Modiv Industrial, Inc., Form 8-K, filed with the SEC on July 25, 2025 — read the filing on EDGAR.
Each item below shows how the 56 asset managers that disclosed a Modiv Industrial, 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.
Combines 2 wordings of this item as funds reported it.
93% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Aaron S. Halfacre
Modiv Industrial, Inc.’s own tally for this item (“Elect Director: Aaron S. Halfacre”): 4,925,283 for, 377,949 withheld, per its Form 8-K filed July 25, 2025 (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.
Reported outcome: Elected, in the filing’s own words: “Proposal No. 1 – The election of five directors for a term expiring at the 2026 annual meeting of stockholders and until their successors are duly elected and qualify All of the director nominees listed below were elected by the Registrant's stockholders to hold office until the next annual meeting…”
Support: 93% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 10 asset managers below reported 635,241 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 449,715 | 0 | 0 | 0 | For |
| Fidelity | 81,452 | 0 | 0 | 0 | For |
| ETF Series Solutions | 69,572 | 0 | 0 | 0 | For |
| BlackRock | 20,656 | 0 | 0 | 0 | For |
| Dimensional | 5,188 | 0 | 0 | 0 | For |
| Charles Schwab | 3,196 | 0 | 0 | 0 | For |
| Equitable | 1,823 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 1,528 | 0 | 0 | 0 | For |
| First Trust | 1,142 | 0 | 0 | 0 | For |
| Victory Capital | 969 | 0 | 0 | 0 | For |
Combines 2 wordings of this item as funds reported it.
93% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Christopher R. Gingras
Modiv Industrial, Inc.’s own tally for this item (“Elect Director: Christopher Gingras”): 4,950,681 for, 352,551 withheld, per its Form 8-K filed July 25, 2025 (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.
Reported outcome: Elected, in the filing’s own words: “Proposal No. 1 – The election of five directors for a term expiring at the 2026 annual meeting of stockholders and until their successors are duly elected and qualify All of the director nominees listed below were elected by the Registrant's stockholders to hold office until the next annual meeting…”
Support: 93% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 10 asset managers below reported 635,241 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 449,715 | 0 | 0 | 0 | For |
| Fidelity | 81,452 | 0 | 0 | 0 | For |
| ETF Series Solutions | 69,572 | 0 | 0 | 0 | For |
| BlackRock | 20,656 | 0 | 0 | 0 | For |
| Dimensional | 5,188 | 0 | 0 | 0 | For |
| Charles Schwab | 3,196 | 0 | 0 | 0 | For |
| Equitable | 1,823 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 1,528 | 0 | 0 | 0 | For |
| First Trust | 1,142 | 0 | 0 | 0 | For |
| Victory Capital | 969 | 0 | 0 | 0 | For |
Combines 2 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Connie Tirondola
Modiv Industrial, Inc.’s own tally for this item (“Elect Director: Connie Tirondola”): 4,902,431 for, 400,801 withheld, per its Form 8-K filed July 25, 2025 (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.
Reported outcome: Elected, in the filing’s own words: “Proposal No. 1 – The election of five directors for a term expiring at the 2026 annual meeting of stockholders and until their successors are duly elected and qualify All of the director nominees listed below were elected by the Registrant's stockholders to hold office until the next annual meeting…”
Support: 92% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 10 asset managers below reported 635,241 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 449,715 | 0 | 0 | 0 | For |
| Fidelity | 81,452 | 0 | 0 | 0 | For |
| ETF Series Solutions | 69,572 | 0 | 0 | 0 | For |
| BlackRock | 20,656 | 0 | 0 | 0 | For |
| Dimensional | 5,188 | 0 | 0 | 0 | For |
| Charles Schwab | 3,196 | 0 | 0 | 0 | For |
| Equitable | 1,823 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 1,528 | 0 | 0 | 0 | For |
| First Trust | 1,142 | 0 | 0 | 0 | For |
| Victory Capital | 969 | 0 | 0 | 0 | For |
Combines 2 wordings of this item as funds reported it.
85% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Kimberly Smith
Modiv Industrial, Inc.’s own tally for this item (“Elect Director: Kimberly Smith”): 4,522,837 for, 780,395 withheld, per its Form 8-K filed July 25, 2025 (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.
Reported outcome: Elected, in the filing’s own words: “Proposal No. 1 – The election of five directors for a term expiring at the 2026 annual meeting of stockholders and until their successors are duly elected and qualify All of the director nominees listed below were elected by the Registrant's stockholders to hold office until the next annual meeting…”
Support: 85% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 10 asset managers below reported 522,483 for, 112,758 withheld.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 449,715 | 0 | 0 | 0 | For |
| Fidelity | 0 | 0 | 0 | 81,452 | Withhold |
| ETF Series Solutions | 69,572 | 0 | 0 | 0 | For |
| BlackRock | 0 | 0 | 0 | 20,656 | Withhold |
| Dimensional | 0 | 0 | 0 | 5,188 | Withhold |
| Charles Schwab | 3,196 | 0 | 0 | 0 | For |
| Equitable | 0 | 0 | 0 | 1,823 | Withhold |
| SA FUNDS INVESTMENT TRUST | 0 | 0 | 0 | 1,528 | Withhold |
| First Trust | 0 | 0 | 0 | 1,142 | Withhold |
| Victory Capital | 0 | 0 | 0 | 969 | Withhold |
Combines 2 wordings of this item as funds reported it.
93% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Thomas H. Nolan, Jr.
Modiv Industrial, Inc.’s own tally for this item (“Elect Director: Thomas H. Nolan, Jr.”): 4,909,977 for, 393,255 withheld, per its Form 8-K filed July 25, 2025 (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.
Reported outcome: Elected, in the filing’s own words: “Proposal No. 1 – The election of five directors for a term expiring at the 2026 annual meeting of stockholders and until their successors are duly elected and qualify All of the director nominees listed below were elected by the Registrant's stockholders to hold office until the next annual meeting…”
Support: 93% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 10 asset managers below reported 635,241 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 449,715 | 0 | 0 | 0 | For |
| Fidelity | 81,452 | 0 | 0 | 0 | For |
| ETF Series Solutions | 69,572 | 0 | 0 | 0 | For |
| BlackRock | 20,656 | 0 | 0 | 0 | For |
| Dimensional | 5,188 | 0 | 0 | 0 | For |
| Charles Schwab | 3,196 | 0 | 0 | 0 | For |
| Equitable | 1,823 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 1,528 | 0 | 0 | 0 | For |
| First Trust | 1,142 | 0 | 0 | 0 | For |
| Victory Capital | 969 | 0 | 0 | 0 | For |
87% Majority: yes · of votes cast
Description as filed by funds: To approve an amendment to our charter to effect a reverse stock split.
Modiv Industrial, Inc.’s own tally for this item (“Proposal 4: Approval to approve the Reverse Stock Split Proposal The Registrant's stockholders did not approve the adoption of the Reverse Stock Split Proposal, which required an affirmative vote of a majority of the 10,”): 4,420,099 for, 631,924 against, per its Form 8-K filed July 25, 2025 (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.
Reported outcome: Not approved, in the filing’s own words: “Proposal No. 4 – Approval to approve the Reverse Stock Split Proposal The Registrant's stockholders did not approve the adoption of the Reverse Stock Split Proposal, which required an affirmative vote of a majority of the 10,108,147 shares outstanding on the April 24, 2025 record date, as follows:”
Filing and tally disagree. The company's filing says not approved; its own tally shows 87% FOR. Both are shown; read the filing.
Support: 87% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 10 asset managers below reported 635,241 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 449,715 | 0 | 0 | 0 | For |
| Fidelity | 81,452 | 0 | 0 | 0 | For |
| ETF Series Solutions | 69,572 | 0 | 0 | 0 | For |
| BlackRock | 20,656 | 0 | 0 | 0 | For |
| Dimensional | 5,188 | 0 | 0 | 0 | For |
| Charles Schwab | 3,196 | 0 | 0 | 0 | For |
| Equitable | 1,823 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 1,528 | 0 | 0 | 0 | For |
| First Trust | 1,142 | 0 | 0 | 0 | For |
| Victory Capital | 969 | 0 | 0 | 0 | For |
Combines 4 wordings of this item as funds reported it.
89% Approved · of votes cast
Description as filed by funds: To approve, on an advisory (non-binding) basis, the compensation paid to the Company's named executive officers for the year ended December 31, 2024.
Modiv Industrial, Inc.’s own tally for this item (“Proposal 3: Approval, on an advisory (non-binding) basis, of the compensation paid to the Registrant's named executive officers for the year ended December 31, 2024 The Registrant's stockholders approved, on an advisory ”): 4,379,730 for, 524,744 against — passed, per its Form 8-K filed July 25, 2025 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “Proposal No. 3 – Approval, on an advisory (non-binding) basis, of the compensation paid to the Registrant's named executive officers for the year ended December 31, 2024 The Registrant's stockholders approved, on an advisory (non-binding) basis, the compensation paid to the Registrant's named execu…”
Support: 89% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 449,715 | 0 | 0 | 0 | For |
| Fidelity | 81,452 | 0 | 0 | 0 | For |
| ETF Series Solutions | 69,572 | 0 | 0 | 0 | For |
| BlackRock | 20,656 | 0 | 0 | 0 | For |
| Dimensional | 5,188 | 0 | 0 | 0 | For |
| Charles Schwab | 3,196 | 0 | 0 | 0 | For |
| Equitable | 1,823 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 1,528 | 0 | 0 | 0 | For |
| First Trust | 1,142 | 0 | 0 | 0 | For |
| Victory Capital | 969 | 0 | 0 | 0 | For |
Fund voting reports, all 10 managers: 635,241 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| GEODE CAPITAL MANAGEMENT, LLC | 97,501 | 0 | 0 | 0 | For |
| BlackRock | 75,649 | 0 | 0 | 0 | For |
| MARSHALL WACE, LLP | 46,263 | 0 | 0 | 0 | For |
| Goldman Sachs | 44,708 | 0 | 0 | 0 | For |
| State of New Jersey Common Pension Fund D | 42,794 | 0 | 0 | 0 | For |
| State Street | 34,599 | 0 | 0 | 0 | For |
| Northern Trust | 18,753 | 0 | 0 | 0 | For |
| PRIVATE MANAGEMENT GROUP INC | 15,914 | 0 | 0 | 0 | For |
| Renaissance | 15,483 | 0 | 0 | 0 | For |
| Asset Management One Co., Ltd. | 12,598 | 0 | 0 | 0 | For |
| NOMURA ASSET MANAGEMENT CO LTD | 12,200 | 0 | 0 | 0 | For |
| OMERS ADMINISTRATION Corp | 11,900 | 0 | 0 | 0 | For |
| Point72 | 11,741 | 0 | 0 | 0 | For |
| Dimensional | 10,667 | 0 | 0 | 0 | For |
| Hillsdale Investment Management Inc. | 9,140 | 0 | 0 | 0 | For |
| BALYASNY ASSET MANAGEMENT L.P. | 8,444 | 0 | 0 | 0 | For |
| Vanguard | 8,392 | 0 | 0 | 0 | For |
| Man Group plc | 8,326 | 0 | 0 | 0 | For |
| GLOBEFLEX CAPITAL L P | 8,065 | 0 | 0 | 0 | For |
| Sumitomo Mitsui Trust Asset Management Co., Ltd. | 6,936 | 0 | 0 | 0 | For |
| Hudson Bay Capital Management LP | 6,627 | 0 | 0 | 0 | For |
| Mitsubishi UFJ Asset Management Co., Ltd. | 5,956 | 0 | 0 | 0 | For |
| Jain Global LLC | 4,910 | 0 | 0 | 0 | For |
| Meixler Investment Management, Ltd. | 4,575 | 0 | 0 | 0 | For |
| Resona Asset Management Co.,Ltd. | 4,055 | 0 | 0 | 0 | For |
Institutional-manager reports, all 50 managers: 553,196 for, 370 against. Showing the 25 largest; every one is in the interactive database (link above).
98% Approved · of votes cast
Description as filed by funds: Ratification of the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025.
Modiv Industrial, Inc.’s own tally for this item (“Proposal 2: The ratification of the appointment of Grant Thornton LLP as the Registrant's independent registered public accounting firm for the year ending December 31, 2025 The Registrant's stockholders ratified the app”): 6,399,208 for, 158,516 against — passed, per its Form 8-K filed July 25, 2025 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “Proposal No. 2 – The ratification of the appointment of Grant Thornton LLP as the Registrant's independent registered public accounting firm for the year ending December 31, 2025 The Registrant's stockholders ratified the appointment of Grant Thornton LLP as the Registrant's independent registered …”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 10 asset managers below reported 635,241 for.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 449,715 | 0 | 0 | 0 | For |
| Fidelity | 81,452 | 0 | 0 | 0 | For |
| ETF Series Solutions | 69,572 | 0 | 0 | 0 | For |
| BlackRock | 20,656 | 0 | 0 | 0 | For |
| Dimensional | 5,188 | 0 | 0 | 0 | For |
| Charles Schwab | 3,196 | 0 | 0 | 0 | For |
| Equitable | 1,823 | 0 | 0 | 0 | For |
| SA FUNDS INVESTMENT TRUST | 1,528 | 0 | 0 | 0 | For |
| First Trust | 1,142 | 0 | 0 | 0 | For |
| Victory Capital | 969 | 0 | 0 | 0 | For |
Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 10,119,017 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 4.44% |
| 2 | Fidelity | 0.80% |
| 3 | ETF Series Solutions | 0.69% |
| 4 | BlackRock | 0.20% |
| 5 | Dimensional | 0.05% |
| 6 | Charles Schwab | 0.03% |
| 7 | Equitable | 0.02% |
| 8 | SA FUNDS INVESTMENT TRUST | 0.02% |
| 9 | First Trust | 0.01% |
| 10 | Victory Capital | <0.01% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | GEODE CAPITAL MANAGEMENT, LLC | 0.96% |
| 2 | BlackRock | 0.75% |
| 3 | MARSHALL WACE, LLP | 0.46% |
| 4 | Goldman Sachs | 0.44% |
| 5 | State of New Jersey Common Pension Fund D | 0.42% |
| 6 | State Street | 0.34% |
| 7 | Northern Trust | 0.19% |
| 8 | PRIVATE MANAGEMENT GROUP INC | 0.16% |
| 9 | Renaissance | 0.15% |
| 10 | Asset Management One Co., Ltd. | 0.12% |
As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.
| Holder | % outstanding | Disclosure |
|---|---|---|
| BlackRock | 5.35% | 13F |
| Vanguard Group | 4.85% | 13F |
| Geode Capital | 2.44% | 13F |
| State Street | 1.24% | 13F |
| Two Sigma | 0.94% | 13F |
| Dimensional Fund Advisors | 0.81% | 13F |
| Renaissance Technologies | 0.75% | 13F |
| Northern Trust | 0.69% | 13F |
| Goldman Sachs | 0.45% | 13F |
| Morgan Stanley | 0.36% | 13F |
Percentages above are of 10,119,017 shares outstanding, as reported by Modiv Industrial, Inc. on its Form 10-Q dated April 30, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from Modiv Industrial, Inc.’s 10-Q dated April 30, 2025. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.
Modiv Industrial, Inc. proxy season coverage: 2025-2026 (this page).
proxyvotesnow.com, “Modiv Industrial, Inc. 2025 Annual Meeting (2025-2026 season)”, https://proxyvotesnow.com/company/modiv-industrial-inc/2026 (version of November 9, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.