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SPS COMMERCE INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and SPS COMMERCE INC.’s Form 8-K, filed 2025-05-13 (Item 5.07 on EDGAR). Page generated 02 October 2026.

13Reported items
466Asset managers
4,838Fund votes
2025-05-13Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore SPS COMMERCE INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by SPS COMMERCE INC.

These tallies are SPS COMMERCE INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-05-13 (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.

SPS COMMERCE INC. — official shareholder meeting results, meeting held 2025-05-13
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Chad Collins	33,012,209	208,346	22,709	--	1,549,903	Majority: yes
Elect Director: Razat Gaurav	33,202,849	16,729	23,686	--	1,549,903	Majority: yes
Elect Director: Marty Réaume	32,428,331	683,517	131,416	--	1,549,903	Majority: yes
Elect Director: Tami Reller	32,958,193	261,402	23,669	--	1,549,903	Majority: yes
Elect Director: Philip Soran	32,169,986	1,049,706	23,572	--	1,549,903	Majority: yes
Elect Director: Anne Sempowski Ward	32,069,197	1,129,482	44,585	--	1,549,903	Majority: yes
Elect Director: Sven Wehrwein	32,102,373	1,117,317	23,574	--	1,549,903	Majority: yes
Proposal 2: Ratification of the Selection of KPMG LLP as Independent Auditor for the Year Ending 2025 The Company's stockholders ratified the appointment of KPMG LLP to serve as the independent auditor for the year ending December 31, 2025 by voting as follows	34,561,885	216,546	14,736	--	--	Majority: yes
Proposal 3: Advisory Approval of the Compensation of Named Executive Officers ("Say-on-Pay") The Company's stockholders approved, on an advisory basis, the compensation of the Company's named executive officers by voting as follows:	31,866,376	1,354,175	22,713	--	1,549,903	Majority: yes

Source: SPS COMMERCE INC., Form 8-K, filed with the SEC on 2025-05-13 — read the filing on EDGAR.

How asset managers voted at the SPS COMMERCE INC. 2024-2025 meeting

Each item below shows how the 466 asset managers that disclosed a SPS COMMERCE 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 SPS COMMERCE 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. Advisory approval of the compensation of the named executive officers of SPS Commerce, Inc.

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

Combines 10 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 31,866,376AGAINST: 1,354,175

SPS COMMERCE INC.’s own tally for this item (“Proposal 3: Advisory Approval of the Compensation of Named Executive Officers ("Say-on-Pay") The Company's stockholders approved, on an advisory basis, the compensation of the Company's named executive officers by voting”): 31,866,376 for, 1,354,175 against, per its Form 8-K filed 2025-05-13 (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 38,001,227 outstanding shares: 84% for, 4% against (87% of the company cast a for/against vote).

The 460 asset managers below cast 97% 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 company's reported shares outstanding.

FOR 97%

FOR: 96.7%AGAINST: 3.0%ABSTAIN: 0.0%SPLIT: 0.2%NOT VOTED: 0.1%

Largest asset managers voting on “Advisory approval of the compensation of the named executive officers of SPS Commerce, Inc.” at SPS COMMERCE INC., 2024-2025
Asset manager	For	Against	Vote
BlackRock	5,638,948	318	For
Vanguard	4,666,784	2,490	For
Fidelity	3,081,916	0	For
Neuberger Berman	2,459,086	0	For
State Street	1,906,822	785	For
GEODE CAPITAL MANAGEMENT, LLC	952,349	0	For
Charles Schwab	915,174	0	For
CONESTOGA FUNDS	843,874	0	For
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	623,821	0	For
MACQUARIE INVESTMENT MANAGEMENT BUSINESS TRUST	569,066	0	For
CONGRESS ASSET MANAGEMENT CO	540,695	1,480	For
GENEVA CAPITAL MANAGEMENT LLC	541,561	0	For
Northern Trust	501,008	0	For
T. Rowe Price	482,462	0	For
Delaware/Macquarie	478,644	0	For
RIVERBRIDGE PARTNERS LLC	474,880	0	For
JPMorgan	471,032	0	For
Columbia Threadneedle	461,263	0	For
Virtus	441,662	0	For
Dimensional	398,563	0	For
Conestoga Capital Advisors, LLC	381,538	0	For
Putnam	357,387	0	For
AllianceBernstein	347,374	0	For
Calvert	0	319,437	Against
Granahan Investment Management, LLC	295,992	0	For

Showing the 25 largest of 460 asset managers. See all 460 in the interactive database.

2. Advisory vote regarding the frequency of holding future say-on-pay votes.

SECTION 14A SAY-ON-PAY VOTES

Combines 7 wordings of this item as funds reported it.

100% fund support · no official result

ONE YEAR 56%1 YEAR 42%

The 435 asset managers below cast 100% of the shares they voted on this item FOR (63,973 for, 0 against).

FOR: 63,973 (0.2%)ABSTAIN: 12,447 (0.0%)ONE YEAR: 21,181,740 (56.3%)1 YEAR: 15,895,947 (42.3%)THREE YEARS: 407,127 (1.1%)3 YEARS: 39,740 (0.1%)1: 7,085 (0.0%)NOT VOTED: 2,311 (0.0%)1-YEAR: 741 (0.0%)1-YR: 245 (0.0%)ONE: 193 (0.0%)TWO YEARS: 39 (0.0%)3 YEAR: 1 (0.0%)2 YEAR: 0 (0.0%)

Largest asset managers voting on “Advisory vote regarding the frequency of holding future say-on-pay votes.” at SPS COMMERCE INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
BlackRock	0	0	0	0	1 Year
Vanguard	0	0	0	0	One Year
Fidelity	0	0	0	0	One Year
Neuberger Berman	0	0	0	0	1 Year
State Street	0	0	0	0	One Year
GEODE CAPITAL MANAGEMENT, LLC	0	0	0	0	One Year
Charles Schwab	0	0	0	0	1 Year
CONESTOGA FUNDS	0	0	0	0	1 Year
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	0	0	0	0	One Year
MACQUARIE INVESTMENT MANAGEMENT BUSINESS TRUST	0	0	0	0	One Year
CONGRESS ASSET MANAGEMENT CO	0	0	0	0	1 Year
GENEVA CAPITAL MANAGEMENT LLC	0	0	0	0	1 Year
Northern Trust	0	0	0	0	1 Year
T. Rowe Price	0	0	0	0	One Year
Delaware/Macquarie	0	0	0	0	One Year
RIVERBRIDGE PARTNERS LLC	0	0	0	0	1 Year
Columbia Threadneedle	0	0	0	0	One Year
Virtus	0	0	0	0	One Year
Dimensional	0	0	0	0	Three Years
Conestoga Capital Advisors, LLC	0	0	0	0	1 Year
Putnam	0	0	0	0	One Year
AllianceBernstein	0	0	0	0	One Year
Calvert	0	0	0	0	One Year
MELLON INVESTMENTS Corp	0	0	0	0	One Year
Nuveen	0	0	0	0	One Year

Showing the 25 largest of 435 asset managers. See all 435 in the interactive database.

3. RATIFICATION OF THE SELECTION OF KPMG LLP AS THE INDEPENDENT AUDITOR OF SPS COMMERCE, INC. FOR THE FISCAL YEAR ENDING DECEMBER 31, 2025.

AUDIT-RELATEDMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 34,561,885AGAINST: 216,546

SPS COMMERCE INC.’s own tally for this item (“Proposal 2: Ratification of the Selection of KPMG LLP as Independent Auditor for the Year Ending 2025 The Company's stockholders ratified the appointment of KPMG LLP to serve as the independent auditor for the year endin”): 34,561,885 for, 216,546 against, per its Form 8-K filed 2025-05-13 (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 38,001,227 outstanding shares: 91% for, 0.6% against (92% of the company cast a for/against vote).

The 128 asset managers below cast 99.9% of the shares they voted on this item FOR (19,357,429 for, 174 against).

FOR 99.8%

FOR: 19,357,429 (99.8%)AGAINST: 174 (0.0%)ABSTAIN: 5,387 (0.0%)NOT VOTED: 30,571 (0.2%)

Largest asset managers voting on “RATIFICATION OF THE SELECTION OF KPMG LLP AS THE INDEPENDENT AUDITOR OF SPS COMMERCE, INC. FOR THE FISCAL YEAR” at SPS COMMERCE INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	4,521,094	0	0	For
BlackRock	4,285,786	0	0	For
Fidelity	1,886,577	0	0	For
Neuberger Berman	963,838	0	0	For
CONESTOGA FUNDS	843,874	0	0	For
State Street	574,518	19	0	For
Delaware/Macquarie	478,644	0	0	For
Columbia Threadneedle	461,263	0	0	For
Charles Schwab	448,529	0	0	For
Virtus	441,662	0	0	For
Dimensional	321,816	0	0	For
TIAA	250,371	0	0	For
Nationwide	215,518	0	0	For
Jackson National	206,648	0	0	For
T. Rowe Price	194,775	0	0	For
Putnam	170,550	0	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	159,109	0	0	For
Calvert	153,222	0	0	For
FRANKLIN STRATEGIC SERIES	144,300	0	0	For
Brighthouse	122,174	0	5,387	For
AllianceBernstein	114,559	0	0	For
ALGER FUNDS	112,031	0	0	For
Equitable	106,698	0	0	For
Federated Hermes	106,285	0	0	For
Value Line Small Cap Opportunities Fund, Inc.	104,500	0	0	For

Showing the 25 largest of 128 asset managers. See all 128 in the interactive database.

4. Election of Directors: Anne Sempowski Ward

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 32,069,197AGAINST: 1,129,482

SPS COMMERCE INC.’s own tally for this item (“Elect Director: Anne Sempowski Ward”): 32,069,197 for, 1,129,482 against, per its Form 8-K filed 2025-05-13 (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 38,001,227 outstanding shares: 84% for, 3% against (87% of the company cast a for/against vote).

The 127 asset managers below cast 97% of the shares they voted on this item FOR (18,774,974 for, 578,299 against).

FOR 97%

FOR: 18,774,974 (96.8%)AGAINST: 578,299 (3.0%)ABSTAIN: 5,387 (0.0%)NOT VOTED: 30,571 (0.2%)

Largest asset managers voting on “Election of Directors: Anne Sempowski Ward” at SPS COMMERCE INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	4,519,858	1,236	0	For
BlackRock	4,285,786	0	0	For
Fidelity	1,886,577	0	0	For
Neuberger Berman	963,838	0	0	For
CONESTOGA FUNDS	843,874	0	0	For
State Street	574,537	0	0	For
Delaware/Macquarie	478,644	0	0	For
Columbia Threadneedle	461,263	0	0	For
Charles Schwab	448,529	0	0	For
Virtus	441,662	0	0	For
Dimensional	0	321,816	0	Against
TIAA	250,371	0	0	For
Nationwide	215,518	0	0	For
Jackson National	200,023	6,625	0	For
T. Rowe Price	194,775	0	0	For
Putnam	170,550	0	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	159,109	0	0	For
Calvert	0	153,222	0	Against
FRANKLIN STRATEGIC SERIES	144,300	0	0	For
Brighthouse	122,174	0	5,387	For
AllianceBernstein	114,559	0	0	For
ALGER FUNDS	112,031	0	0	For
Equitable	106,698	0	0	For
Federated Hermes	106,285	0	0	For
Value Line Small Cap Opportunities Fund, Inc.	104,500	0	0	For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

5. Election of Directors: Chad Collins

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 33,012,209AGAINST: 208,346

SPS COMMERCE INC.’s own tally for this item (“Elect Director: Chad Collins”): 33,012,209 for, 208,346 against, per its Form 8-K filed 2025-05-13 (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 38,001,227 outstanding shares: 87% for, 0.6% against (87% of the company cast a for/against vote).

The 127 asset managers below cast 99.9% of the shares they voted on this item FOR (19,353,264 for, 9 against).

FOR 99.8%

FOR: 19,353,264 (99.8%)AGAINST: 9 (0.0%)ABSTAIN: 5,387 (0.0%)NOT VOTED: 30,571 (0.2%)

Largest asset managers voting on “Election of Directors: Chad Collins” at SPS COMMERCE INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	4,521,094	0	0	For
BlackRock	4,285,786	0	0	For
Fidelity	1,886,577	0	0	For
Neuberger Berman	963,838	0	0	For
CONESTOGA FUNDS	843,874	0	0	For
State Street	574,528	9	0	For
Delaware/Macquarie	478,644	0	0	For
Columbia Threadneedle	461,263	0	0	For
Charles Schwab	448,529	0	0	For
Virtus	441,662	0	0	For
Dimensional	321,816	0	0	For
TIAA	250,371	0	0	For
Nationwide	215,518	0	0	For
Jackson National	206,648	0	0	For
T. Rowe Price	194,775	0	0	For
Putnam	170,550	0	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	159,109	0	0	For
Calvert	153,222	0	0	For
FRANKLIN STRATEGIC SERIES	144,300	0	0	For
Brighthouse	122,174	0	5,387	For
AllianceBernstein	114,559	0	0	For
ALGER FUNDS	112,031	0	0	For
Equitable	106,698	0	0	For
Federated Hermes	106,285	0	0	For
Value Line Small Cap Opportunities Fund, Inc.	104,500	0	0	For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

6. Election of Directors: Philip Soran

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 32,169,986AGAINST: 1,049,706

SPS COMMERCE INC.’s own tally for this item (“Elect Director: Philip Soran”): 32,169,986 for, 1,049,706 against, per its Form 8-K filed 2025-05-13 (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 38,001,227 outstanding shares: 85% for, 3% against (87% of the company cast a for/against vote).

The 127 asset managers below cast 99.5% of the shares they voted on this item FOR (19,259,466 for, 93,807 against).

FOR 99.3%

FOR: 19,259,466 (99.3%)AGAINST: 93,807 (0.5%)ABSTAIN: 5,387 (0.0%)NOT VOTED: 30,571 (0.2%)

Largest asset managers voting on “Election of Directors: Philip Soran” at SPS COMMERCE INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	4,519,859	1,235	0	For
BlackRock	4,285,786	0	0	For
Fidelity	1,886,577	0	0	For
Neuberger Berman	963,838	0	0	For
CONESTOGA FUNDS	843,874	0	0	For
State Street	574,518	19	0	For
Delaware/Macquarie	478,644	0	0	For
Columbia Threadneedle	461,263	0	0	For
Charles Schwab	448,529	0	0	For
Virtus	441,662	0	0	For
Dimensional	321,816	0	0	For
TIAA	250,371	0	0	For
Nationwide	215,518	0	0	For
Jackson National	206,648	0	0	For
T. Rowe Price	194,775	0	0	For
Putnam	170,550	0	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	159,109	0	0	For
Calvert	153,222	0	0	For
FRANKLIN STRATEGIC SERIES	144,300	0	0	For
Brighthouse	122,174	0	5,387	For
AllianceBernstein	114,559	0	0	For
ALGER FUNDS	112,031	0	0	For
Equitable	106,698	0	0	For
Federated Hermes	106,285	0	0	For
Value Line Small Cap Opportunities Fund, Inc.	104,500	0	0	For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

7. Election of Directors: Razat Gaurav

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

99.9% Majority: yes · of votes cast

FOR 99.9%

FOR: 33,202,849AGAINST: 16,729

SPS COMMERCE INC.’s own tally for this item (“Elect Director: Razat Gaurav”): 33,202,849 for, 16,729 against, per its Form 8-K filed 2025-05-13 (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 38,001,227 outstanding shares: 87% for, 0.1% against (87% of the company cast a for/against vote).

The 127 asset managers below cast 99.9% of the shares they voted on this item FOR (19,353,273 for, 0 against).

FOR 99.8%

FOR: 19,353,273 (99.8%)AGAINST: 0 (0.0%)ABSTAIN: 5,387 (0.0%)NOT VOTED: 30,571 (0.2%)

Largest asset managers voting on “Election of Directors: Razat Gaurav” at SPS COMMERCE INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	4,521,094	0	For
BlackRock	4,285,786	0	For
Fidelity	1,886,577	0	For
Neuberger Berman	963,838	0	For
CONESTOGA FUNDS	843,874	0	For
State Street	574,537	0	For
Delaware/Macquarie	478,644	0	For
Columbia Threadneedle	461,263	0	For
Charles Schwab	448,529	0	For
Virtus	441,662	0	For
Dimensional	321,816	0	For
TIAA	250,371	0	For
Nationwide	215,518	0	For
Jackson National	206,648	0	For
T. Rowe Price	194,775	0	For
Putnam	170,550	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	159,109	0	For
Calvert	153,222	0	For
FRANKLIN STRATEGIC SERIES	144,300	0	For
Brighthouse	122,174	5,387	For
AllianceBernstein	114,559	0	For
ALGER FUNDS	112,031	0	For
Equitable	106,698	0	For
Federated Hermes	106,285	0	For
Value Line Small Cap Opportunities Fund, Inc.	104,500	0	For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

8. Election of Directors: Sven Wehrwein

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 32,102,373AGAINST: 1,117,317

SPS COMMERCE INC.’s own tally for this item (“Elect Director: Sven Wehrwein”): 32,102,373 for, 1,117,317 against, per its Form 8-K filed 2025-05-13 (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 38,001,227 outstanding shares: 84% for, 3% against (87% of the company cast a for/against vote).

The 127 asset managers below cast 99.8% of the shares they voted on this item FOR (19,333,544 for, 19,729 against).

FOR 99.7%

FOR: 19,333,544 (99.7%)AGAINST: 19,729 (0.1%)ABSTAIN: 5,387 (0.0%)NOT VOTED: 30,571 (0.2%)

Largest asset managers voting on “Election of Directors: Sven Wehrwein” at SPS COMMERCE INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	4,521,092	2	0	For
BlackRock	4,285,786	0	0	For
Fidelity	1,886,577	0	0	For
Neuberger Berman	963,838	0	0	For
CONESTOGA FUNDS	843,874	0	0	For
State Street	574,518	19	0	For
Delaware/Macquarie	478,644	0	0	For
Columbia Threadneedle	461,263	0	0	For
Charles Schwab	448,529	0	0	For
Virtus	441,662	0	0	For
Dimensional	321,816	0	0	For
TIAA	250,371	0	0	For
Nationwide	215,518	0	0	For
Jackson National	206,648	0	0	For
T. Rowe Price	194,775	0	0	For
Putnam	170,550	0	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	159,109	0	0	For
Calvert	153,222	0	0	For
FRANKLIN STRATEGIC SERIES	144,300	0	0	For
Brighthouse	122,174	0	5,387	For
AllianceBernstein	114,559	0	0	For
ALGER FUNDS	112,031	0	0	For
Equitable	106,698	0	0	For
Federated Hermes	106,285	0	0	For
Value Line Small Cap Opportunities Fund, Inc.	104,500	0	0	For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

9. Election of Directors: Tami Reller

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%

FOR: 32,958,193AGAINST: 261,402

SPS COMMERCE INC.’s own tally for this item (“Elect Director: Tami Reller”): 32,958,193 for, 261,402 against, per its Form 8-K filed 2025-05-13 (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 38,001,227 outstanding shares: 87% for, 0.7% against (87% of the company cast a for/against vote).

The 127 asset managers below cast 99.9% of the shares they voted on this item FOR (19,353,118 for, 155 against).

FOR 99.8%

FOR: 19,353,118 (99.8%)AGAINST: 155 (0.0%)ABSTAIN: 5,387 (0.0%)NOT VOTED: 30,571 (0.2%)

Largest asset managers voting on “Election of Directors: Tami Reller” at SPS COMMERCE INC., 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	4,521,094	0	For
BlackRock	4,285,786	0	For
Fidelity	1,886,577	0	For
Neuberger Berman	963,838	0	For
CONESTOGA FUNDS	843,874	0	For
State Street	574,537	0	For
Delaware/Macquarie	478,644	0	For
Columbia Threadneedle	461,263	0	For
Charles Schwab	448,529	0	For
Virtus	441,662	0	For
Dimensional	321,816	0	For
TIAA	250,371	0	For
Nationwide	215,518	0	For
Jackson National	206,648	0	For
T. Rowe Price	194,775	0	For
Putnam	170,550	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	159,109	0	For
Calvert	153,222	0	For
FRANKLIN STRATEGIC SERIES	144,300	0	For
Brighthouse	122,174	5,387	For
AllianceBernstein	114,559	0	For
ALGER FUNDS	112,031	0	For
Equitable	106,698	0	For
Federated Hermes	106,285	0	For
Value Line Small Cap Opportunities Fund, Inc.	104,500	0	For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

10. Election of Directors: Marty Reaume

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 32,428,331AGAINST: 683,517

SPS COMMERCE INC.’s own tally for this item (“Elect Director: Marty Réaume”): 32,428,331 for, 683,517 against, per its Form 8-K filed 2025-05-13 (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 38,001,227 outstanding shares: 85% for, 2% against (87% of the company cast a for/against vote).

The 121 asset managers below cast 99.6% of the shares they voted on this item FOR (19,171,775 for, 74,507 against).

FOR 99.4%

FOR: 19,171,775 (99.4%)AGAINST: 74,507 (0.4%)ABSTAIN: 5,387 (0.0%)NOT VOTED: 30,571 (0.2%)

Largest asset managers voting on “Election of Directors: Marty Reaume” at SPS COMMERCE INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	4,519,859	1,235	0	For
BlackRock	4,285,786	0	0	For
Fidelity	1,886,577	0	0	For
Neuberger Berman	963,838	0	0	For
CONESTOGA FUNDS	843,874	0	0	For
State Street	574,537	0	0	For
Delaware/Macquarie	478,644	0	0	For
Columbia Threadneedle	461,263	0	0	For
Charles Schwab	448,529	0	0	For
Virtus	441,662	0	0	For
Dimensional	321,816	0	0	For
TIAA	250,371	0	0	For
Nationwide	215,518	0	0	For
Jackson National	206,648	0	0	For
T. Rowe Price	194,775	0	0	For
Putnam	170,550	0	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	159,109	0	0	For
Calvert	153,222	0	0	For
FRANKLIN STRATEGIC SERIES	144,300	0	0	For
Brighthouse	122,174	0	5,387	For
AllianceBernstein	114,559	0	0	For
ALGER FUNDS	112,031	0	0	For
Equitable	106,698	0	0	For
Federated Hermes	106,285	0	0	For
Value Line Small Cap Opportunities Fund, Inc.	104,500	0	0	For

Showing the 25 largest of 121 asset managers. See all 121 in the interactive database.

11. Advisory Vote on Say on Pay Frequency

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 17%ONE YEAR 53.7%1 YEAR 27%

The 14 asset managers below cast 100% of the shares they voted on this item FOR (182,053 for, 0 against).

FOR: 182,053 (16.6%)ONE YEAR: 588,732 (53.7%)1 YEAR: 295,992 (27.0%)NOT VOTED: 30,435 (2.8%)

Largest asset managers voting on “Advisory Vote on Say on Pay Frequency” at SPS COMMERCE INC., 2024-2025
Asset manager	For	Vote
JPMorgan	0	One Year
Granahan Investment Management, LLC	0	1 Year
Thematics Asset Management	179,210	For
APG Asset Management US Inc.	0	One Year
Empower	0	Not Voted
EFG Asset Management (North America) Corp.	0	One Year
GuideStone	0	One Year
Metzler Asset Management GmbH	0	One Year
VALUED ADVISERS TRUST	0	One Year
TD ASSET MANAGEMENT INC	2,843	For
HC CAPITAL TRUST	0	One Year
CLEARWATER INVESTMENT TRUST	0	One Year
Desjardins Global Asset Management Inc.	0	One Year
UNIFIED SERIES TRUST	0	One Year

12. Election of Director: Marty R?aume

DIRECTOR ELECTIONS

97% fund support · no official result

FOR 97%

The 6 asset managers below cast 97% of the shares they voted on this item FOR (104,147 for, 2,844 against).

FOR: 104,147 (97.3%)AGAINST: 2,844 (2.7%)

Largest asset managers voting on “Election of Director: Marty R?aume” at SPS COMMERCE INC., 2024-2025
Asset manager	For	Against	Vote
FENIMORE ASSET MANAGEMENT TRUST	94,486	0	For
Zacks Trust	4,378	0	For
VALUED ADVISERS TRUST	3,232	0	For
Northern Lights Fund Trust IV	0	2,844	Against
UNIFIED SERIES TRUST	1,583	0	For
SARATOGA ADVANTAGE TRUST	468	0	For

13. 14A Executive Compensation Vote Frequency

SECTION 14A SAY-ON-PAY VOTES

— fund support · no official result

ONE YEAR 80%1 YEAR 20%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

ONE YEAR: 39,363 (79.9%)1 YEAR: 9,919 (20.1%)

Largest asset managers voting on “14A Executive Compensation Vote Frequency” at SPS COMMERCE INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Summit Creek Advisors LLC	0	0	0	0	One Year
MCMORGAN & CO LLC	0	0	0	0	1 Year
MQS Management LLC	0	0	0	0	1 Year
Focus Partners Wealth	0	0	0	0	1 Year

Largest SPS COMMERCE INC. shareholders voting in 2024-2025

Ranked by the number of SPS COMMERCE INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 38,001,227 shares outstanding at the time of that meeting.

Top SPS COMMERCE INC. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	BlackRock	14.84%
2	Vanguard	12.29%
3	Fidelity	8.11%
4	Neuberger Berman	6.47%
5	State Street	5.02%
6	GEODE CAPITAL MANAGEMENT, LLC	2.51%
7	Charles Schwab	2.41%
8	CONESTOGA FUNDS	2.22%
9	KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	1.64%
10	MACQUARIE INVESTMENT MANAGEMENT BUSINESS TRUST	1.50%

Reported SPS COMMERCE INC. ownership

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

SPS COMMERCE INC. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
BlackRock, Inc.	14.68%	13G
The Vanguard Group	11.29%	DEF14A
State Street	3.88%	13F
FMR (Fidelity)	3.07%	13F
Geode Capital	2.54%	13F
Morgan Stanley	2.19%	13F
JPMorgan Chase	1.40%	13F
Northern Trust	1.35%	13F
Charles Schwab	1.27%	13F
Dimensional Fund Advisors	1.18%	13F

Percentages above are of 38,001,227 shares outstanding, as reported by SPS COMMERCE INC. on its Form 10-Q dated 2025-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 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 SPS COMMERCE INC.’s 10-Q dated 2025-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At SPS COMMERCE INC.'s shareholder meeting held 2025-05-13, in the 2024-2025 proxy season, 466 asset managers reported how they voted in their SEC Form N-PX filings, covering 4,838 separate fund positions. Their filings are grouped here into 13 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 approval of the compensation of the named executive officers of SPS Commerce, Inc. — FOR was 96% 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: SPS COMMERCE INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2025-05-13.

SPS COMMERCE INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.