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At SAUL CENTERS INC.'s shareholder meeting held May 9, 2025, in the 2024-2025 proxy season, 68 asset managers reported how they voted on 4 ballot items in their SEC Form N-PX filings, covering 785 separate fund positions. On the most widely held item on that ballot — RATIFICATION OF APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT REGISTERED… — FOR was 99.9% 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: SAUL CENTERS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 13, 2025.
Download data (CSV): ballot items · votes by manager · column guide.
Compiled from SEC Form N-PX filings and SAUL CENTERS INC.’s Form 8-K, filed May 13, 2025 (Item 5.07 on EDGAR). Page generated November 8, 2026.
Meeting of May 9, 2025: 4 items on SAUL CENTERS INC.’s Form 8-K, filed May 13, 2025: 4 without a stated outcome.
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
Explore SAUL CENTERS INC. in the interactive database Compare manager voting policies
These tallies are SAUL CENTERS INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 13, 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: Patricia Saul Lotuff | 18,918,505 | -- | -- | 2,397,151 | -- | 89% | Not verified | — |
| Elect Director: George P. Clancy, Jr. | 17,034,535 | -- | -- | 4,281,121 | -- | 80% | Not verified | — |
| Elect Director: Andrew M. Saul II | 19,185,582 | -- | -- | 2,130,074 | -- | 90% | Not verified | — |
| The stockholders voted in favor of the ratification of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the fiscal year ending December 31, 2025 | 22,587,152 | 9,079 | 23,179 | -- | -- | 99.9% | Not verified | — |
Source: SAUL CENTERS INC., Form 8-K, filed with the SEC on May 13, 2025 — read the filing on EDGAR.
Each item below shows how the 68 asset managers that disclosed a SAUL CENTERS 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 6 wordings of this item as funds reported it.
90% Majority: yes · of votes cast
Description as filed by funds: Election of three directors to serve until the annual meeting of stockholders in 2028: Andrew M. Saul II
SAUL CENTERS INC.’s own tally for this item (“Elect Director: Andrew M. Saul II”): 19,185,582 for, 2,130,074 withheld, per its Form 8-K filed May 13, 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 verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 90% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 67 asset managers below reported 4,652,933 for, 1,093,189 withheld, 12,428 abstained, 10,575 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,922,647 | 0 | 0 | 0 | For |
| BlackRock | 1,354,306 | 0 | 0 | 0 | For |
| T. Rowe Price | 44,759 | 0 | 0 | 709,209 | Mixed |
| Principal | 355,405 | 0 | 0 | 0 | For |
| Fidelity | 282,782 | 0 | 0 | 0 | For |
| State Street | 0 | 0 | 0 | 189,786 | Withhold |
| Dimensional | 155,416 | 0 | 0 | 0 | For |
| Charles Schwab | 95,930 | 0 | 0 | 0 | For |
| TIAA | 0 | 0 | 0 | 79,225 | Withhold |
| Northwestern Mutual | 4,291 | 0 | 0 | 57,669 | Mixed |
| SEI | 44,780 | 0 | 0 | 0 | For |
| WisdomTree | 35,563 | 0 | 0 | 0 | For |
| Principal Real Estate Income Fund | 28,300 | 0 | 0 | 0 | For |
| JPMorgan | 28,027 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 0 | 0 | 0 | 25,627 | Withhold |
| Equitable | 16,971 | 0 | 0 | 8,350 | Mixed |
| Invesco | 22,911 | 0 | 0 | 0 | For |
| Jackson National | 21,578 | 0 | 0 | 0 | For |
| MUTUAL FUND SERIES TRUST | 20,000 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 18,144 | 0 | 0 | 0 | For |
| Northern Trust | 18,053 | 0 | 0 | 0 | For |
| John Hancock | 4,440 | 0 | 12,428 | 0 | Mixed |
| Voya | 15,047 | 0 | 0 | 0 | For |
| BNY Mellon | 14,691 | 0 | 0 | 0 | For |
| Lincoln Financial | 6,510 | 0 | 0 | 7,766 | Mixed |
Showing the 25 largest of 67 asset managers. All 67 are in the interactive database (link above).
Combines 5 wordings of this item as funds reported it.
80% Majority: yes · of votes cast
Description as filed by funds: Election of three directors to serve until the annual meeting of stockholders in 2028: George P. Clancy, Jr.
SAUL CENTERS INC.’s own tally for this item (“Elect Director: George P. Clancy, Jr.”): 17,034,535 for, 4,281,121 withheld, per its Form 8-K filed May 13, 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 verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 80% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 66 asset managers below reported 3,186,375 for, 1,143,855 withheld, 1,408,320 abstained, 10,575 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,922,647 | 0 | 0 | 0 | For |
| BlackRock | 0 | 0 | 1,354,306 | 0 | Abstain |
| T. Rowe Price | 44,759 | 0 | 0 | 709,209 | Mixed |
| Principal | 355,405 | 0 | 0 | 0 | For |
| Fidelity | 266,732 | 0 | 0 | 16,050 | Mixed |
| State Street | 0 | 0 | 0 | 189,786 | Withhold |
| Dimensional | 155,416 | 0 | 0 | 0 | For |
| Charles Schwab | 95,930 | 0 | 0 | 0 | For |
| TIAA | 0 | 0 | 0 | 79,225 | Withhold |
| Northwestern Mutual | 0 | 0 | 0 | 61,960 | Withhold |
| SEI | 44,780 | 0 | 0 | 0 | For |
| WisdomTree | 35,563 | 0 | 0 | 0 | For |
| Principal Real Estate Income Fund | 28,300 | 0 | 0 | 0 | For |
| JPMorgan | 28,027 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 0 | 0 | 0 | 25,627 | Withhold |
| Equitable | 0 | 0 | 0 | 25,321 | Withhold |
| Invesco | 22,911 | 0 | 0 | 0 | For |
| Jackson National | 21,578 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 0 | 0 | 18,144 | 0 | Abstain |
| Northern Trust | 0 | 0 | 0 | 18,053 | Withhold |
| John Hancock | 4,440 | 0 | 12,428 | 0 | Mixed |
| Voya | 15,047 | 0 | 0 | 0 | For |
| BNY Mellon | 14,691 | 0 | 0 | 0 | For |
| Lincoln Financial | 6,510 | 0 | 0 | 7,766 | Mixed |
| MASTER INVESTMENT PORTFOLIO | 0 | 0 | 13,144 | 0 | Abstain |
Showing the 25 largest of 66 asset managers. All 66 are in the interactive database (link above).
Combines 5 wordings of this item as funds reported it.
89% Majority: yes · of votes cast
Description as filed by funds: Election of three directors to serve until the annual meeting of stockholders in 2028: Patricia Saul Lotuff
SAUL CENTERS INC.’s own tally for this item (“Elect Director: Patricia Saul Lotuff”): 18,918,505 for, 2,397,151 withheld, per its Form 8-K filed May 13, 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 verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 89% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 66 asset managers below reported 4,512,051 for, 1,191,385 withheld, 35,114 abstained, 10,575 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,922,647 | 0 | 0 | 0 | For |
| BlackRock | 1,354,306 | 0 | 0 | 0 | For |
| T. Rowe Price | 44,759 | 0 | 0 | 709,209 | Mixed |
| Principal | 355,405 | 0 | 0 | 0 | For |
| Fidelity | 282,782 | 0 | 0 | 0 | For |
| State Street | 0 | 0 | 0 | 189,786 | Withhold |
| Dimensional | 155,416 | 0 | 0 | 0 | For |
| Charles Schwab | 0 | 0 | 0 | 95,930 | Withhold |
| TIAA | 79,225 | 0 | 0 | 0 | For |
| Northwestern Mutual | 4,291 | 0 | 0 | 57,669 | Mixed |
| SEI | 0 | 0 | 0 | 44,780 | Withhold |
| WisdomTree | 0 | 0 | 0 | 35,563 | Withhold |
| Principal Real Estate Income Fund | 28,300 | 0 | 0 | 0 | For |
| JPMorgan | 28,027 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 25,627 | 0 | 0 | 0 | For |
| Equitable | 16,971 | 0 | 0 | 8,350 | Mixed |
| Invesco | 22,911 | 0 | 0 | 0 | For |
| Jackson National | 0 | 0 | 21,578 | 0 | Abstain |
| QUANTITATIVE MASTER SERIES LLC | 18,144 | 0 | 0 | 0 | For |
| Northern Trust | 18,053 | 0 | 0 | 0 | For |
| John Hancock | 4,440 | 0 | 12,428 | 0 | Mixed |
| Voya | 15,047 | 0 | 0 | 0 | For |
| BNY Mellon | 0 | 0 | 0 | 14,691 | Withhold |
| Lincoln Financial | 6,510 | 0 | 0 | 7,766 | Mixed |
| MASTER INVESTMENT PORTFOLIO | 13,144 | 0 | 0 | 0 | For |
Showing the 25 largest of 66 asset managers. All 66 are in the interactive database (link above).
Combines 3 wordings of this item as funds reported it.
99.9% Majority: yes · of votes cast
Description as filed by funds: RATIFICATION OF APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2025.
SAUL CENTERS INC.’s own tally for this item (“The stockholders voted in favor of the ratification of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the fiscal year ending December 31, 2025 as follows:”): 22,587,152 for, 9,079 against, per its Form 8-K filed May 13, 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 verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 68 asset managers below reported 5,769,375 for, 5,144 against, 375 abstained, 10,575 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 1,922,647 | 0 | 0 | 0 | For |
| BlackRock | 1,354,306 | 0 | 0 | 0 | For |
| T. Rowe Price | 753,968 | 0 | 0 | 0 | For |
| Principal | 355,405 | 0 | 0 | 0 | For |
| Fidelity | 282,782 | 0 | 0 | 0 | For |
| State Street | 189,786 | 0 | 0 | 0 | For |
| Dimensional | 155,416 | 0 | 0 | 0 | For |
| Charles Schwab | 95,930 | 0 | 0 | 0 | For |
| TIAA | 79,225 | 0 | 0 | 0 | For |
| Northwestern Mutual | 61,960 | 0 | 0 | 0 | For |
| SEI | 44,780 | 0 | 0 | 0 | For |
| WisdomTree | 35,563 | 0 | 0 | 0 | For |
| Principal Real Estate Income Fund | 28,300 | 0 | 0 | 0 | For |
| JPMorgan | 28,027 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 25,627 | 0 | 0 | 0 | For |
| Equitable | 25,321 | 0 | 0 | 0 | For |
| Invesco | 22,911 | 0 | 0 | 0 | For |
| Jackson National | 21,578 | 0 | 0 | 0 | For |
| MUTUAL FUND SERIES TRUST | 20,000 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 18,144 | 0 | 0 | 0 | For |
| Northern Trust | 18,053 | 0 | 0 | 0 | For |
| John Hancock | 16,868 | 0 | 0 | 0 | For |
| Zacks Trust | 16,344 | 0 | 0 | 0 | For |
| Voya | 15,047 | 0 | 0 | 0 | For |
| BNY Mellon | 14,691 | 0 | 0 | 0 | For |
Showing the 25 largest of 68 asset managers. All 68 are in the interactive database (link above).
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 24,318,414 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 7.91% |
| 2 | BlackRock | 5.57% |
| 3 | T. Rowe Price | 3.10% |
| 4 | Principal | 1.46% |
| 5 | Fidelity | 1.16% |
| 6 | State Street | 0.78% |
| 7 | Dimensional | 0.64% |
| 8 | Charles Schwab | 0.39% |
| 9 | TIAA | 0.33% |
| 10 | Northwestern Mutual | 0.25% |
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 |
|---|---|---|
| B. Francis Saul II | 47.83% | DEF14A |
| BlackRock | 8.63% | 13F |
| Vanguard Group | 7.98% | 13F |
| T. Rowe Price | 5.58% | DEF14A |
| Vanguard Portfolio Management | 5.45% | 13G |
| State Street | 2.07% | 13F |
| Renaissance Technologies | 1.30% | 13F |
| Geode Capital | 1.21% | 13F |
| Morgan Stanley | 0.91% | 13F |
| Dimensional Fund Advisors | 0.82% | 13F |
Percentages above are of 24,318,414 shares outstanding, as reported by SAUL CENTERS INC. on its Form 10-Q dated March 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 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 SAUL CENTERS INC.’s 10-Q dated March 31, 2025. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.
SAUL CENTERS INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.
proxyvotesnow.com, “SAUL CENTERS (BFS) 2025 Annual Meeting: Vote Results & How Funds Voted”, https://proxyvotesnow.com/company/saul-centers-inc/2025 (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.