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PNM RESOURCES INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and PNM RESOURCES INC.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

16Reported items
333Asset managers
4,937Fund votes
2024-06-04Meeting date

Proxy season: 2023-2024

Explore PNM RESOURCES INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by PNM RESOURCES INC.

These tallies are PNM RESOURCES INC.’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.

PNM RESOURCES INC. — official shareholder meeting results, meeting held 2024-06-04
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Vicky A. Bailey	76,467,720	1,325,221	53,530	--	2,923,333	Majority: yes
Elect Director: Norman P. Becker	76,318,089	1,468,857	59,525	--	2,923,333	Majority: yes
Elect Director: Patricia K. Collawn	76,468,947	1,318,991	58,533	--	2,923,333	Majority: yes
Elect Director: E. Renae Conley	76,236,140	1,552,718	57,613	--	2,923,333	Majority: yes
Elect Director: Alan J. Fohrer	76,393,052	1,392,600	60,819	--	2,923,333	Majority: yes
Elect Director: Sidney M. Gutierrez	77,484,744	304,869	56,858	--	2,923,333	Majority: yes
Elect Director: James A. Hughes	76,065,603	1,722,297	58,571	--	2,923,333	Majority: yes
Elect Director: Steven C. Maestas	77,510,126	275,355	60,990	--	2,923,333	Majority: yes
Elect Director: Lillian J. Montoya	77,511,797	275,812	58,862	--	2,923,333	Majority: yes
Elect Director: Maureen T. Mullarkey	76,331,349	1,462,316	52,806	--	2,923,333	Majority: yes
The appointment of KPMG LLP to serve as PNMR's independent public accountants for the year ending December 31, 2024, was ratified by PNMR's shareholders by the vote indicated below:	80,327,014	388,004	54,786	--	--	Majority: yes
PNMR's shareholders approved, on an advisory basis, the compensation of PNMR's NEOs, by the vote indicated below:	65,422,583	12,317,373	106,515	--	2,923,333	Majority: yes
Approval of an amendment to PNMR's Restated Articles of Incorporation to increase the number of authorized shares of common stock, by the vote indicated below:	78,817,281	1,884,116	68,407	--	--	Majority: yes
Approval of an amendment to PNMR's Restated Articles of Incorporation to change the name of PNM Resources, Inc. to TXNM Energy, Inc., by the vote indicated below:	80,355,630	291,885	122,289	--	--	Majority: yes

Source: PNM RESOURCES INC., Form 8-K — read the filing on EDGAR.

How asset managers voted at the PNM RESOURCES INC. 2023-2024 meeting

Each item below shows how the 333 asset managers that disclosed a PNM RESOURCES 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 PNM RESOURCES 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. APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.

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

Combines 6 wordings of this item as funds reported it.

84% Majority: yes · of votes cast

FOR 84%AGAINST 16%

FOR: 65,422,583AGAINST: 12,317,373

PNM RESOURCES INC.’s own tally for this item (“PNMR's shareholders approved, on an advisory basis, the compensation of PNMR's NEOs, by the vote indicated below:”): 65,422,583 for, 12,317,373 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 90,200,384 outstanding shares: 73% for, 14% against (86% of the company cast a for/against vote).

The 321 asset managers below cast 87% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 87%12%

FOR: 87.4%AGAINST: 12.5%ABSTAIN: 0.0%UNKNOWN: 0.1%NOT VOTED: 0.0%

Largest asset managers voting on “APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Against	Vote
BlackRock	10,908,575	34,840	For
Vanguard	9,496,631	0	For
T. Rowe Price	8,671,190	0	For
State Street	3,453,291	4,364	For
FULLER & THALER ASSET MANAGEMENT, INC.	3,134,495	0	For
UNDISCOVERED MANAGERS FUNDS	2,842,143	0	For
River Road Asset Management, LLC	0	2,522,233	Against
Fidelity	2,294,164	182,138	For
Charles Schwab	2,228,247	0	For
Zimmer Partners, LP	2,090,157	0	For
GEODE CAPITAL MANAGEMENT, LLC	1,909,665	0	For
Gabelli	1,833,712	0	For
Point72	1,804,085	0	For
FRANKLIN ADVISERS INC	1,500,000	0	For
Franklin Custodian Funds	1,500,000	0	For
Hudson Bay Capital Management LP	1,484,359	0	For
REAVES UTILITY INCOME FUND	1,474,522	0	For
Wellington	1,426,136	0	For
Dimensional	0	1,414,393	Against
Empyrean Capital Partners, LP	0	1,170,429	Against
Equitable	966,566	0	For
Invesco	945,290	0	For
Northern Trust	936,992	61	For
MELLON INVESTMENTS Corp	903,637	0	For
Columbia Threadneedle	820,435	0	For

Showing the 25 largest of 321 asset managers. See all 321 in the interactive database.

2. APPROVE AN AMENDMENT TO OUR RESTATED ARTICLES OF INCORPORATION TO INCREASE THE AUTHORIZED SHARES OF COMMON STOCK.

CAPITAL STRUCTUREMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 78,817,281AGAINST: 1,884,116

PNM RESOURCES INC.’s own tally for this item (“Approval of an amendment to PNMR's Restated Articles of Incorporation to increase the number of authorized shares of common stock, by the vote indicated below:”): 78,817,281 for, 1,884,116 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 90,200,384 outstanding shares: 87% for, 2% against (89% of the company cast a for/against vote).

The 98 asset managers below cast 99.5% of the shares they voted on this item FOR (40,218,667 for, 169,134 against).

FOR 99.5%

FOR: 40,218,667 (99.6%)AGAINST: 169,134 (0.4%)ABSTAIN: 1,267 (0.0%)

Largest asset managers voting on “APPROVE AN AMENDMENT TO OUR RESTATED ARTICLES OF INCORPORATION TO INCREASE THE AUTHORIZED SHARES OF COMMON STO” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	9,302,645	0	For
BlackRock	7,268,040	0	For
T. Rowe Price	3,435,143	0	For
UNDISCOVERED MANAGERS FUNDS	2,842,143	0	For
Fidelity	2,243,292	0	For
Franklin Custodian Funds	1,500,000	0	For
REAVES UTILITY INCOME FUND	1,474,522	0	For
Dimensional	1,242,080	0	For
Charles Schwab	1,101,283	0	For
Equitable	966,566	0	For
AMG Funds IV	793,317	0	For
Columbia Threadneedle	633,435	0	For
Gabelli	568,523	0	For
State Street	551,429	263	For
Calamos	484,517	0	For
Invesco	449,905	0	For
DWS	362,684	0	For
John Hancock	338,806	0	For
Jackson National	333,527	0	For
Thornburg	298,266	0	For
ARBITRAGE FUNDS	252,599	0	For
WisdomTree	238,295	0	For
TIAA	232,023	0	For
ProShares	222,376	0	For
Thrivent	206,548	0	For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

3. APPROVE AN AMENDMENT TO OUR RESTATED ARTICLES OF INCORPORATION TO CHANGE OUR NAME TO TXNM ENERGY, INC.

CORPORATE GOVERNANCEMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%

FOR: 80,355,630AGAINST: 291,885

PNM RESOURCES INC.’s own tally for this item (“Approval of an amendment to PNMR's Restated Articles of Incorporation to change the name of PNM Resources, Inc. to TXNM Energy, Inc., by the vote indicated below:”): 80,355,630 for, 291,885 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 90,200,384 outstanding shares: 89% for, 0.4% against (89% of the company cast a for/against vote).

The 97 asset managers below cast 100% of the shares they voted on this item FOR (40,369,962 for, 0 against).

FOR 99.9%

FOR: 40,369,962 (100.0%)ABSTAIN: 18,728 (0.0%)

Largest asset managers voting on “APPROVE AN AMENDMENT TO OUR RESTATED ARTICLES OF INCORPORATION TO CHANGE OUR NAME TO TXNM ENERGY, INC.” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Vote
Vanguard	9,302,645	For
BlackRock	7,268,040	For
T. Rowe Price	3,435,143	For
UNDISCOVERED MANAGERS FUNDS	2,842,143	For
Fidelity	2,243,292	For
Franklin Custodian Funds	1,500,000	For
REAVES UTILITY INCOME FUND	1,474,522	For
Dimensional	1,242,080	For
Charles Schwab	1,101,283	For
Equitable	966,566	For
AMG Funds IV	793,317	For
Columbia Threadneedle	633,435	For
Gabelli	568,523	For
State Street	551,692	For
Calamos	484,517	For
Invesco	449,905	For
DWS	362,684	For
John Hancock	338,806	For
Jackson National	333,527	For
Thornburg	298,266	For
ARBITRAGE FUNDS	252,599	For
WisdomTree	238,295	For
TIAA	232,023	For
ProShares	222,376	For
Thrivent	206,548	For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

4. Elect as Directors the ten nominees named in the proxy statement: Alan J. Fohrer

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 76,393,052AGAINST: 1,392,600

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Alan J. Fohrer”): 76,393,052 for, 1,392,600 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 90,200,384 outstanding shares: 85% for, 2% against (86% of the company cast a for/against vote).

The 97 asset managers below cast 99.9% of the shares they voted on this item FOR (40,355,726 for, 14,236 against).

FOR 99.9%

FOR: 40,355,726 (99.9%)AGAINST: 14,236 (0.0%)ABSTAIN: 18,728 (0.0%)

Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Alan J. Fohrer” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	9,302,645	0	For
BlackRock	7,268,040	0	For
T. Rowe Price	3,435,143	0	For
UNDISCOVERED MANAGERS FUNDS	2,842,143	0	For
Fidelity	2,243,292	0	For
Franklin Custodian Funds	1,500,000	0	For
REAVES UTILITY INCOME FUND	1,474,522	0	For
Dimensional	1,242,080	0	For
Charles Schwab	1,101,283	0	For
Equitable	966,566	0	For
AMG Funds IV	793,317	0	For
Columbia Threadneedle	633,435	0	For
Gabelli	568,523	0	For
State Street	551,093	599	For
Calamos	484,517	0	For
Invesco	449,905	0	For
DWS	362,684	0	For
John Hancock	338,806	0	For
Jackson National	333,527	0	For
Thornburg	298,266	0	For
ARBITRAGE FUNDS	252,599	0	For
WisdomTree	238,295	0	For
TIAA	232,023	0	For
ProShares	222,376	0	For
Thrivent	206,548	0	For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

5. Elect as Directors the ten nominees named in the proxy statement: E. Renae Conley

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 76,236,140AGAINST: 1,552,718

PNM RESOURCES INC.’s own tally for this item (“Elect Director: E. Renae Conley”): 76,236,140 for, 1,552,718 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 90,200,384 outstanding shares: 85% for, 2% against (86% of the company cast a for/against vote).

The 97 asset managers below cast 99.5% of the shares they voted on this item FOR (40,206,307 for, 163,655 against).

FOR 99.5%

FOR: 40,206,307 (99.5%)AGAINST: 163,655 (0.4%)ABSTAIN: 18,728 (0.0%)

Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: E. Renae Conley” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Vote
Vanguard	9,302,645	For
BlackRock	7,268,040	For
T. Rowe Price	3,435,143	For
UNDISCOVERED MANAGERS FUNDS	2,842,143	For
Fidelity	2,243,292	For
Franklin Custodian Funds	1,500,000	For
REAVES UTILITY INCOME FUND	1,474,522	For
Dimensional	1,242,080	For
Charles Schwab	1,101,283	For
Equitable	966,566	For
AMG Funds IV	793,317	For
Columbia Threadneedle	633,435	For
Gabelli	568,523	For
State Street	551,692	For
Calamos	484,517	For
Invesco	449,905	For
DWS	362,684	For
John Hancock	338,806	For
Jackson National	333,527	For
Thornburg	298,266	For
ARBITRAGE FUNDS	252,599	For
WisdomTree	238,295	For
TIAA	232,023	For
ProShares	222,376	For
Thrivent	206,548	For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

6. Elect as Directors the ten nominees named in the proxy statement: James A. Hughes

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 76,065,603AGAINST: 1,722,297

PNM RESOURCES INC.’s own tally for this item (“Elect Director: James A. Hughes”): 76,065,603 for, 1,722,297 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 90,200,384 outstanding shares: 84% for, 2% against (86% of the company cast a for/against vote).

The 97 asset managers below cast 97% of the shares they voted on this item FOR (39,084,600 for, 1,285,362 against).

FOR 97%

FOR: 39,084,600 (96.8%)AGAINST: 1,285,362 (3.2%)ABSTAIN: 18,728 (0.0%)

Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: James A. Hughes” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	9,302,645	0	For
BlackRock	7,268,040	0	For
T. Rowe Price	3,435,143	0	For
UNDISCOVERED MANAGERS FUNDS	2,842,143	0	For
Fidelity	2,243,292	0	For
Franklin Custodian Funds	1,500,000	0	For
REAVES UTILITY INCOME FUND	1,474,522	0	For
Dimensional	0	1,242,080	Against
Charles Schwab	1,101,283	0	For
Equitable	966,566	0	For
AMG Funds IV	793,317	0	For
Columbia Threadneedle	633,435	0	For
Gabelli	568,523	0	For
State Street	551,692	0	For
Calamos	484,517	0	For
Invesco	449,905	0	For
DWS	362,684	0	For
John Hancock	338,806	0	For
Jackson National	313,955	19,572	For
Thornburg	298,266	0	For
ARBITRAGE FUNDS	252,599	0	For
WisdomTree	238,295	0	For
TIAA	232,023	0	For
ProShares	222,376	0	For
Thrivent	206,548	0	For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

7. Elect as Directors the ten nominees named in the proxy statement: Lillian J. Montoya

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%

FOR: 77,511,797AGAINST: 275,812

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Lillian J. Montoya”): 77,511,797 for, 275,812 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 90,200,384 outstanding shares: 86% for, 0.4% against (86% of the company cast a for/against vote).

The 97 asset managers below cast 100% of the shares they voted on this item FOR (40,369,962 for, 0 against).

FOR 99.9%

FOR: 40,369,962 (100.0%)ABSTAIN: 18,728 (0.0%)

Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Lillian J. Montoya” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Vote
Vanguard	9,302,645	For
BlackRock	7,268,040	For
T. Rowe Price	3,435,143	For
UNDISCOVERED MANAGERS FUNDS	2,842,143	For
Fidelity	2,243,292	For
Franklin Custodian Funds	1,500,000	For
REAVES UTILITY INCOME FUND	1,474,522	For
Dimensional	1,242,080	For
Charles Schwab	1,101,283	For
Equitable	966,566	For
AMG Funds IV	793,317	For
Columbia Threadneedle	633,435	For
Gabelli	568,523	For
State Street	551,692	For
Calamos	484,517	For
Invesco	449,905	For
DWS	362,684	For
John Hancock	338,806	For
Jackson National	333,527	For
Thornburg	298,266	For
ARBITRAGE FUNDS	252,599	For
WisdomTree	238,295	For
TIAA	232,023	For
ProShares	222,376	For
Thrivent	206,548	For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

8. Elect as Directors the ten nominees named in the proxy statement: Maureen T. Mullarkey

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 76,331,349AGAINST: 1,462,316

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Maureen T. Mullarkey”): 76,331,349 for, 1,462,316 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 90,200,384 outstanding shares: 85% for, 2% against (86% of the company cast a for/against vote).

The 97 asset managers below cast 99.6% of the shares they voted on this item FOR (40,218,246 for, 151,716 against).

FOR 99.5%

FOR: 40,218,246 (99.6%)AGAINST: 151,716 (0.4%)ABSTAIN: 18,728 (0.0%)

Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Maureen T. Mullarkey” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Vote
Vanguard	9,302,645	For
BlackRock	7,268,040	For
T. Rowe Price	3,435,143	For
UNDISCOVERED MANAGERS FUNDS	2,842,143	For
Fidelity	2,243,292	For
Franklin Custodian Funds	1,500,000	For
REAVES UTILITY INCOME FUND	1,474,522	For
Dimensional	1,242,080	For
Charles Schwab	1,101,283	For
Equitable	966,566	For
AMG Funds IV	793,317	For
Columbia Threadneedle	633,435	For
Gabelli	568,523	For
State Street	551,692	For
Calamos	484,517	For
Invesco	449,905	For
DWS	362,684	For
John Hancock	338,806	For
Jackson National	333,527	For
Thornburg	298,266	For
ARBITRAGE FUNDS	252,599	For
WisdomTree	238,295	For
TIAA	232,023	For
ProShares	222,376	For
Thrivent	206,548	For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

9. Elect as Directors the ten nominees named in the proxy statement: Norman P. Becker

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 76,318,089AGAINST: 1,468,857

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Norman P. Becker”): 76,318,089 for, 1,468,857 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 90,200,384 outstanding shares: 85% for, 2% against (86% of the company cast a for/against vote).

The 97 asset managers below cast 99.6% of the shares they voted on this item FOR (40,218,246 for, 151,716 against).

FOR 99.5%

FOR: 40,218,246 (99.6%)AGAINST: 151,716 (0.4%)ABSTAIN: 18,728 (0.0%)

Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Norman P. Becker” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Vote
Vanguard	9,302,645	For
BlackRock	7,268,040	For
T. Rowe Price	3,435,143	For
UNDISCOVERED MANAGERS FUNDS	2,842,143	For
Fidelity	2,243,292	For
Franklin Custodian Funds	1,500,000	For
REAVES UTILITY INCOME FUND	1,474,522	For
Dimensional	1,242,080	For
Charles Schwab	1,101,283	For
Equitable	966,566	For
AMG Funds IV	793,317	For
Columbia Threadneedle	633,435	For
Gabelli	568,523	For
State Street	551,692	For
Calamos	484,517	For
Invesco	449,905	For
DWS	362,684	For
John Hancock	338,806	For
Jackson National	333,527	For
Thornburg	298,266	For
ARBITRAGE FUNDS	252,599	For
WisdomTree	238,295	For
TIAA	232,023	For
ProShares	222,376	For
Thrivent	206,548	For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

10. Elect as Directors the ten nominees named in the proxy statement: Patricia K. Collawn

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 76,468,947AGAINST: 1,318,991

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Patricia K. Collawn”): 76,468,947 for, 1,318,991 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 90,200,384 outstanding shares: 85% for, 1% against (86% of the company cast a for/against vote).

The 97 asset managers below cast 99.9% of the shares they voted on this item FOR (40,329,823 for, 40,139 against).

FOR 99.8%

FOR: 40,329,823 (99.9%)AGAINST: 40,139 (0.1%)ABSTAIN: 18,728 (0.0%)

Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Patricia K. Collawn” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	9,302,645	0	For
BlackRock	7,268,040	0	For
T. Rowe Price	3,435,143	0	For
UNDISCOVERED MANAGERS FUNDS	2,842,143	0	For
Fidelity	2,243,292	0	For
Franklin Custodian Funds	1,500,000	0	For
REAVES UTILITY INCOME FUND	1,474,522	0	For
Dimensional	1,242,080	0	For
Charles Schwab	1,101,283	0	For
Equitable	966,566	0	For
AMG Funds IV	793,317	0	For
Columbia Threadneedle	633,435	0	For
Gabelli	568,523	0	For
State Street	551,429	263	For
Calamos	484,517	0	For
Invesco	449,905	0	For
DWS	362,684	0	For
John Hancock	338,806	0	For
Jackson National	333,527	0	For
Thornburg	298,266	0	For
ARBITRAGE FUNDS	252,599	0	For
WisdomTree	238,295	0	For
TIAA	232,023	0	For
ProShares	222,376	0	For
Thrivent	206,548	0	For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

11. Elect as Directors the ten nominees named in the proxy statement: Sidney M. Gutierrez

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%

FOR: 77,484,744AGAINST: 304,869

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Sidney M. Gutierrez”): 77,484,744 for, 304,869 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 90,200,384 outstanding shares: 86% for, 0.4% against (86% of the company cast a for/against vote).

The 97 asset managers below cast 100% of the shares they voted on this item FOR (40,369,962 for, 0 against).

FOR 99.9%

FOR: 40,369,962 (100.0%)ABSTAIN: 18,728 (0.0%)

Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Sidney M. Gutierrez” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Vote
Vanguard	9,302,645	For
BlackRock	7,268,040	For
T. Rowe Price	3,435,143	For
UNDISCOVERED MANAGERS FUNDS	2,842,143	For
Fidelity	2,243,292	For
Franklin Custodian Funds	1,500,000	For
REAVES UTILITY INCOME FUND	1,474,522	For
Dimensional	1,242,080	For
Charles Schwab	1,101,283	For
Equitable	966,566	For
AMG Funds IV	793,317	For
Columbia Threadneedle	633,435	For
Gabelli	568,523	For
State Street	551,692	For
Calamos	484,517	For
Invesco	449,905	For
DWS	362,684	For
John Hancock	338,806	For
Jackson National	333,527	For
Thornburg	298,266	For
ARBITRAGE FUNDS	252,599	For
WisdomTree	238,295	For
TIAA	232,023	For
ProShares	222,376	For
Thrivent	206,548	For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

12. Elect as Directors the ten nominees named in the proxy statement: Steven C. Maestas

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%

FOR: 77,510,126AGAINST: 275,355

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Steven C. Maestas”): 77,510,126 for, 275,355 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 90,200,384 outstanding shares: 86% for, 0.4% against (86% of the company cast a for/against vote).

The 97 asset managers below cast 100% of the shares they voted on this item FOR (40,369,962 for, 0 against).

FOR 99.9%

FOR: 40,369,962 (100.0%)ABSTAIN: 18,728 (0.0%)

Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Steven C. Maestas” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Vote
Vanguard	9,302,645	For
BlackRock	7,268,040	For
T. Rowe Price	3,435,143	For
UNDISCOVERED MANAGERS FUNDS	2,842,143	For
Fidelity	2,243,292	For
Franklin Custodian Funds	1,500,000	For
REAVES UTILITY INCOME FUND	1,474,522	For
Dimensional	1,242,080	For
Charles Schwab	1,101,283	For
Equitable	966,566	For
AMG Funds IV	793,317	For
Columbia Threadneedle	633,435	For
Gabelli	568,523	For
State Street	551,692	For
Calamos	484,517	For
Invesco	449,905	For
DWS	362,684	For
John Hancock	338,806	For
Jackson National	333,527	For
Thornburg	298,266	For
ARBITRAGE FUNDS	252,599	For
WisdomTree	238,295	For
TIAA	232,023	For
ProShares	222,376	For
Thrivent	206,548	For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

13. Elect as Directors the ten nominees named in the proxy statement: Vicky A. Bailey

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 76,467,720AGAINST: 1,325,221

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Vicky A. Bailey”): 76,467,720 for, 1,325,221 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 90,200,384 outstanding shares: 85% for, 1% against (86% of the company cast a for/against vote).

The 97 asset managers below cast 99.9% of the shares they voted on this item FOR (40,369,656 for, 306 against).

FOR 99.9%

FOR: 40,369,656 (100.0%)AGAINST: 306 (0.0%)ABSTAIN: 18,728 (0.0%)

Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Vicky A. Bailey” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Vote
Vanguard	9,302,645	For
BlackRock	7,268,040	For
T. Rowe Price	3,435,143	For
UNDISCOVERED MANAGERS FUNDS	2,842,143	For
Fidelity	2,243,292	For
Franklin Custodian Funds	1,500,000	For
REAVES UTILITY INCOME FUND	1,474,522	For
Dimensional	1,242,080	For
Charles Schwab	1,101,283	For
Equitable	966,566	For
AMG Funds IV	793,317	For
Columbia Threadneedle	633,435	For
Gabelli	568,523	For
State Street	551,692	For
Calamos	484,517	For
Invesco	449,905	For
DWS	362,684	For
John Hancock	338,806	For
Jackson National	333,527	For
Thornburg	298,266	For
ARBITRAGE FUNDS	252,599	For
WisdomTree	238,295	For
TIAA	232,023	For
ProShares	222,376	For
Thrivent	206,548	For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

14. RATIFY THE APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2024.

AUDIT-RELATEDMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%

FOR: 80,327,014AGAINST: 388,004

PNM RESOURCES INC.’s own tally for this item (“The appointment of KPMG LLP to serve as PNMR's independent public accountants for the year ending December 31, 2024, was ratified by PNMR's shareholders by the vote indicated below:”): 80,327,014 for, 388,004 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 90,200,384 outstanding shares: 89% for, 0.5% against (89% of the company cast a for/against vote).

The 97 asset managers below cast 99.9% of the shares they voted on this item FOR (40,367,766 for, 1,394 against).

FOR 99.9%

FOR: 40,367,766 (100.0%)AGAINST: 1,394 (0.0%)ABSTAIN: 18,728 (0.0%)

Largest asset managers voting on “RATIFY THE APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2024.” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	9,302,645	0	For
BlackRock	7,268,040	0	For
T. Rowe Price	3,435,143	0	For
UNDISCOVERED MANAGERS FUNDS	2,842,143	0	For
Fidelity	2,243,292	0	For
Franklin Custodian Funds	1,500,000	0	For
REAVES UTILITY INCOME FUND	1,474,522	0	For
Dimensional	1,242,080	0	For
Charles Schwab	1,101,283	0	For
Equitable	966,566	0	For
AMG Funds IV	793,317	0	For
Columbia Threadneedle	633,435	0	For
Gabelli	568,523	0	For
State Street	551,093	599	For
Calamos	484,517	0	For
Invesco	449,905	0	For
DWS	362,684	0	For
John Hancock	338,806	0	For
Jackson National	333,527	0	For
Thornburg	298,266	0	For
ARBITRAGE FUNDS	252,599	0	For
WisdomTree	238,295	0	For
TIAA	232,023	0	For
ProShares	222,376	0	For
Thrivent	206,548	0	For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

15. Advisory Vote to Ratify Named Executive Officers' Compensation

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

84% Majority: yes · of votes cast

FOR 84%AGAINST 16%

FOR: 65,422,583AGAINST: 12,317,373

The 9 asset managers below cast 95% of the shares they voted on this item FOR (801,650 for, 45,778 against).

FOR 95%

FOR: 801,650 (94.6%)AGAINST: 45,778 (5.4%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Against	Vote
ADAGE CAPITAL PARTNERS GP, L.L.C.	393,311	0	For
Walleye Capital LLC	231,586	0	For
TD ASSET MANAGEMENT INC	120,600	0	For
JPMorgan	44,283	0	For
Empower	0	39,876	Against
Resolution Capital Ltd	11,870	0	For
ALGERT GLOBAL LLC	0	3,600	Against
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	0	1,500	Against
Northern Lights Fund Trust IV	0	802	Against

16. Ratification of Auditor

AUDIT-RELATED

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,180 for, 0 against).

FOR: 1,180 (100.0%)

Largest asset managers voting on “Ratification of Auditor” at PNM RESOURCES INC., 2023-2024
Asset manager	For	Against	Abstain	Withheld	Vote
Northern Lights Fund Trust IV	802	0	0	0	For
Two Roads Shared Trust	378	0	0	0	For

Largest PNM RESOURCES INC. shareholders voting in 2023-2024

Ranked by the number of PNM RESOURCES INC. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 90,200,384 shares outstanding at the time of that meeting.

Top PNM RESOURCES INC. shareholders by shares voted, 2023-2024
#	Asset manager	% of shares outstanding
1	BlackRock	12.13%
2	Vanguard	10.53%
3	T. Rowe Price	9.61%
4	State Street	3.83%
5	FULLER & THALER ASSET MANAGEMENT, INC.	3.48%
6	UNDISCOVERED MANAGERS FUNDS	3.15%
7	River Road Asset Management, LLC	2.80%
8	Fidelity	2.75%
9	Charles Schwab	2.47%
10	Zimmer Partners, LP	2.32%

Reported PNM RESOURCES INC. ownership

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

PNM RESOURCES INC. beneficial owners on record for the 2023-2024 proxy season
Holder	% outstanding	Disclosure
BlackRock	14.04%	13F
Vanguard Group	12.83%	13F
State Street	3.60%	13F
Geode Capital	2.14%	13F
Point72	2.06%	13F
Wellington Management	1.82%	13F
BNY Mellon	1.68%	13F
Dimensional Fund Advisors	1.68%	13F
Goldman Sachs	1.40%	13F
Franklin Templeton	1.39%	13F

Percentages above are of 90,200,384 shares outstanding, as reported by PNM RESOURCES INC. on its Form 10-Q dated 2024-04-26 (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.

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 PNM RESOURCES INC.’s 10-Q dated 2024-04-26. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At PNM RESOURCES INC.'s shareholder meeting held 2024-06-04, in the 2023-2024 proxy season, 333 asset managers reported how they voted in their SEC Form N-PX filings, covering 4,937 separate fund positions. Their filings are grouped here into 16 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 — APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS. — FOR was 84% 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: PNM RESOURCES INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

PNM RESOURCES INC. proxy season coverage: 2023-2024 (this page).