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Home › Companies › STEM INC. › 2024-2025

STEM INC. 2024-2025 Proxy Voting Records

Name: STEM INC. 2024-2025 proxy voting records
Creator: proxyvotesnow.com
License: https://creativecommons.org/licenses/by/4.0/

At STEM INC.'s shareholder meeting held June 4, 2025, in the 2024-2025 proxy season, 143 asset managers reported how they voted in their SEC Form N-PX filings, covering 769 separate fund positions. Their filings are grouped here into 8 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 — To approve, on a non-binding, advisory basis, the compensation of our named executive officers. — STEM INC.'s filing reports the proposal as approved, with 76% 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: STEM INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on June 5, 2025.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings and STEM INC.’s Form 8-K, filed June 5, 2025 (Item 5.07 on EDGAR). Page generated November 8, 2026.

8Reported items
143Asset managers
769Fund votes
June 4, 2025Meeting date

Results at a glance

Meeting of June 4, 2025: 7 items on STEM INC.’s Form 8-K, filed June 5, 2025: 2 elected · 5 approved.

Material dissent

Elect Director: Laura D'Andrea Tyson 78% of votes cast Elected Director under 80%
2. To approve an amendment and restatement of the Stem, Inc. 2024 Equity Incentive Plan (the "Plan") to increase the number of shares… 71% of votes cast Approved Under 80%

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: 2023-2024 2024-2025 2025-2026

Explore STEM INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by STEM INC.

These tallies are STEM INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed June 5, 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.

STEM INC. — official shareholder meeting results, meeting held June 4, 2025
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Krishna Shivram	34,804,913	--	--	1,987,038	52,705,164	95%	Elected	—
Elect Director: Laura D'Andrea Tyson	28,637,841	--	--	8,154,110	52,705,164	78%	Elected	—
2. To approve an amendment and restatement of the Stem, Inc. 2024 Equity Incentive Plan (the "Plan") to increase the number of shares available for issuance by 4,000,000 shares and to extend the Plan term	25,804,633	10,398,891	588,427	--	52,705,164	71%	Approved	—
3. To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers	23,900,186	7,550,227	5,341,538	--	52,705,164	76%	Approved	—
4. To ratify the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025	85,047,786	2,549,867	1,899,462	--	--	97%	Approved	—
5. To approve an amendment to the Company's Certificate of Incorporation to effect a reverse stock split of the Company's common stock at a reverse stock split ratio ranging from 10:1 to 20:1, inclusive; and	77,119,142	11,255,030	1,122,943	--	--	87%	Approved	—
6. To approve an amendment to the Company's Certificate of Incorporation to effect a reduction in the total number of authorized shares of the Company's common stock	80,011,493	8,222,219	1,263,403	--	--	91%	Approved	—

This meeting is also recorded here as May 14, 2025 and May 22, 2025 and May 23, 2025; both records come from the same filing, so the date should be checked against it.

Source: STEM INC., Form 8-K, filed with the SEC on June 5, 2025 — read the filing on EDGAR.

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

Each item below shows how the 143 asset managers that disclosed a STEM 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 STEM 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. Elect Director: Krishna Shivram

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 2 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 34,804,913WITHHELD: 1,987,038

Details: description as filed, official tally, votes by 30 asset managers

Description as filed by funds: To elect the two Class I director nominees for terms expiring in 2028: Krishna Shivram

STEM INC.’s own tally for this item (“Elect Director: Krishna Shivram”): 34,804,913 for, 1,987,038 withheld, per its Form 8-K filed June 5, 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: “Each of the Class I director nominees were elected to serve until the 2028 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified, by the following votes:”
Support: 95% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 30 asset managers below reported 3,357,808 for.

FOR

FOR: 3,357,808

Largest asset managers voting on “To elect the two Class I director nominees for terms expiring in 2028: Krishna Shivram” at STEM INC., 2024-2025
Asset manager	For	Vote
Cohen & Steers	637,750	For
BlackRock	593,485	For
Vanguard	558,972	For
Charles Schwab	444,053	For
Equitable	304,363	For
QUANTITATIVE MASTER SERIES LLC	198,126	For
Lincoln Financial	108,100	For
Global X	88,434	For
AIG/SunAmerica	74,374	For
Bridge Builder Trust	73,271	For
Pacific Life	71,226	For
Northern Trust	59,143	For
Fidelity	45,184	For
SEI	32,700	For
Calvert	14,154	For
ProShares	12,031	For
NEXPOINT FUNDS II	9,000	For
State Street	8,354	For
PENN SERIES FUNDS INC	5,000	For
Goldman Sachs	3,551	For
John Hancock	3,393	For
Nationwide	3,007	For
Guggenheim	2,702	For
Brinker Capital Destinations Trust	2,589	For
Invesco	1,994	For

Showing the 25 largest of 30 asset managers. All 30 are in the interactive database (link above).

2. Elect Director: Laura D'Andrea Tyson

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 2 wordings of this item as funds reported it.

78% Majority: yes · of votes cast

FOR 78%WITHHELD

FOR: 28,637,841WITHHELD: 8,154,110

Details: description as filed, official tally, votes by 30 asset managers

Description as filed by funds: To elect the two Class I director nominees for terms expiring in 2028: Laura D'Andrea Tyson

STEM INC.’s own tally for this item (“Elect Director: Laura D'Andrea Tyson”): 28,637,841 for, 8,154,110 withheld, per its Form 8-K filed June 5, 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: “Each of the Class I director nominees were elected to serve until the 2028 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified, by the following votes:”
Support: 78% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 30 asset managers below reported 2,623,239 for, 734,569 withheld.

FORWITHHOLD

FOR: 2,623,239WITHHOLD: 734,569

Largest asset managers voting on “To elect the two Class I director nominees for terms expiring in 2028: Laura D'Andrea Tyson” at STEM INC., 2024-2025
Asset manager	For	Withheld	Vote
Cohen & Steers	637,750	0	For
BlackRock	593,485	0	For
Vanguard	558,972	0	For
Charles Schwab	0	444,053	Withhold
Equitable	29,995	274,368	Mixed
QUANTITATIVE MASTER SERIES LLC	198,126	0	For
Lincoln Financial	108,100	0	For
Global X	88,434	0	For
AIG/SunAmerica	74,374	0	For
Bridge Builder Trust	73,271	0	For
Pacific Life	71,226	0	For
Northern Trust	59,143	0	For
Fidelity	45,184	0	For
SEI	32,700	0	For
Calvert	0	14,154	Withhold
ProShares	12,031	0	For
NEXPOINT FUNDS II	9,000	0	For
State Street	8,354	0	For
PENN SERIES FUNDS INC	5,000	0	For
Goldman Sachs	3,551	0	For
John Hancock	3,393	0	For
Nationwide	3,007	0	For
Guggenheim	2,702	0	For
Brinker Capital Destinations Trust	2,589	0	For
Invesco	0	1,994	Withhold

Showing the 25 largest of 30 asset managers. All 30 are in the interactive database (link above).

3. To approve an amendment to the Company's Certificate of Incorporation to effect a reduction in the total number of…

Official resultCAPITAL STRUCTUREReported outcome: Approved

91% Approved · of votes cast

FOR 91%

FOR: 80,011,493AGAINST: 8,222,219

Details: description as filed, official tally, votes by 30 asset managers

Description as filed by funds: TO APPROVE AN AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO EFFECT A REDUCTION IN THE TOTAL NUMBER OF AUTHORIZED SHARES OF OUR COMMON STOCK (WHICH IS CONDITIONED ON APPROVAL AND IMPLEMENTATION OF PROPOSAL 5).

STEM INC.’s own tally for this item (“6. To approve an amendment to the Company's Certificate of Incorporation to effect a reduction in the total number of authorized shares of the Company's common stock”): 80,011,493 for, 8,222,219 against — passed, per its Form 8-K filed June 5, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Stockholders approved the amendment by the following votes:”
Support: 91% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 30 asset managers below reported 3,357,808 for.

FOR

FOR: 3,357,808

Largest asset managers voting on “TO APPROVE AN AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO EFFECT A REDUCTION IN THE TOTAL NUMBER OF AUTHO” at STEM INC., 2024-2025
Asset manager	For	Vote
Cohen & Steers	637,750	For
BlackRock	593,485	For
Vanguard	558,972	For
Charles Schwab	444,053	For
Equitable	304,363	For
QUANTITATIVE MASTER SERIES LLC	198,126	For
Lincoln Financial	108,100	For
Global X	88,434	For
AIG/SunAmerica	74,374	For
Bridge Builder Trust	73,271	For
Pacific Life	71,226	For
Northern Trust	59,143	For
Fidelity	45,184	For
SEI	32,700	For
Calvert	14,154	For
ProShares	12,031	For
NEXPOINT FUNDS II	9,000	For
State Street	8,354	For
PENN SERIES FUNDS INC	5,000	For
Goldman Sachs	3,551	For
John Hancock	3,393	For
Nationwide	3,007	For
Guggenheim	2,702	For
Brinker Capital Destinations Trust	2,589	For
Invesco	1,994	For

Showing the 25 largest of 30 asset managers. All 30 are in the interactive database (link above).

4. To approve an amendment to the Company's Certificate of Incorporation to effect a reverse stock split of the Company's…

Official resultCAPITAL STRUCTUREReported outcome: Approved

87% Approved · of votes cast

FOR 87%

FOR: 77,119,142AGAINST: 11,255,030

Details: description as filed, official tally, votes by 30 asset managers

Description as filed by funds: TO APPROVE AN AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO EFFECT A REVERSE STOCK SPLIT OF OUR COMMON STOCK AT A REVERSE STOCK SPLIT RATIO RANGING FROM 10:1 TO 20:1, INCLUSIVE.

STEM INC.’s own tally for this item (“5. To approve an amendment to the Company's Certificate of Incorporation to effect a reverse stock split of the Company's common stock at a reverse stock split ratio ranging from 10:1 to 20:1, inclusive; and”): 77,119,142 for, 11,255,030 against — passed, per its Form 8-K filed June 5, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Stockholders approved the amendment by the following votes:”
Support: 87% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 30 asset managers below reported 3,357,808 for.

FOR

FOR: 3,357,808

Largest asset managers voting on “TO APPROVE AN AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO EFFECT A REVERSE STOCK SPLIT OF OUR COMMON STOC” at STEM INC., 2024-2025
Asset manager	For	Vote
Cohen & Steers	637,750	For
BlackRock	593,485	For
Vanguard	558,972	For
Charles Schwab	444,053	For
Equitable	304,363	For
QUANTITATIVE MASTER SERIES LLC	198,126	For
Lincoln Financial	108,100	For
Global X	88,434	For
AIG/SunAmerica	74,374	For
Bridge Builder Trust	73,271	For
Pacific Life	71,226	For
Northern Trust	59,143	For
Fidelity	45,184	For
SEI	32,700	For
Calvert	14,154	For
ProShares	12,031	For
NEXPOINT FUNDS II	9,000	For
State Street	8,354	For
PENN SERIES FUNDS INC	5,000	For
Goldman Sachs	3,551	For
John Hancock	3,393	For
Nationwide	3,007	For
Guggenheim	2,702	For
Brinker Capital Destinations Trust	2,589	For
Invesco	1,994	For

Showing the 25 largest of 30 asset managers. All 30 are in the interactive database (link above).

5. To approve an adjournment of the annual meeting, if necessary or appropriate, to solicit additional proxies.

No official matchCORPORATE GOVERNANCE

72% of fund votes cast · no official result

FORAGAINST

Details: description as filed, votes by 30 asset managers

Description as filed by funds: TO APPROVE AN ADJOURNMENT OF THE ANNUAL MEETING, IF NECESSARY OR APPROPRIATE, TO SOLICIT ADDITIONAL PROXIES.

The 30 asset managers below reported 2,428,059 for, 929,749 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,428,059AGAINST: 929,749

Largest asset managers voting on “TO APPROVE AN ADJOURNMENT OF THE ANNUAL MEETING, IF NECESSARY OR APPROPRIATE, TO SOLICIT ADDITIONAL PROXIES.” at STEM INC., 2024-2025
Asset manager	For	Against	Vote
Cohen & Steers	0	637,750	Against
BlackRock	593,485	0	For
Vanguard	558,972	0	For
Charles Schwab	444,053	0	For
Equitable	304,363	0	For
QUANTITATIVE MASTER SERIES LLC	198,126	0	For
Lincoln Financial	0	108,100	Against
Global X	88,434	0	For
AIG/SunAmerica	0	74,374	Against
Bridge Builder Trust	73,271	0	For
Pacific Life	71,226	0	For
Northern Trust	0	59,143	Against
Fidelity	45,184	0	For
SEI	32,700	0	For
Calvert	0	14,154	Against
ProShares	0	12,031	Against
NEXPOINT FUNDS II	9,000	0	For
State Street	0	8,354	Against
PENN SERIES FUNDS INC	0	5,000	Against
Goldman Sachs	3,551	0	For
John Hancock	0	3,393	Against
Nationwide	3,007	0	For
Guggenheim	0	2,702	Against
Brinker Capital Destinations Trust	0	2,589	Against
Invesco	1,994	0	For

Showing the 25 largest of 30 asset managers. All 30 are in the interactive database (link above).

6. To approve an amendment and restatement of the Stem, Inc. 2024 Equity Incentive Plan (the "Plan") to increase the…

Official resultCOMPENSATIONReported outcome: Approved

Combines 3 wordings of this item as funds reported it.

71% Approved · of votes cast

FOR 71%AGAINST

FOR: 25,804,633AGAINST: 10,398,891

Details: description as filed, official tally, votes by 35 asset managers

Description as filed by funds: To approve an amendment and restatement of the Stem, Inc. 2024 Equity Incentive Plan to increase the number of shares available for issuance by 7,500,000 shares and to extend the plan term.

STEM INC.’s own tally for this item (“2. To approve an amendment and restatement of the Stem, Inc. 2024 Equity Incentive Plan (the "Plan") to increase the number of shares available for issuance by 4,000,000 shares and to extend the Plan term”): 25,804,633 for, 10,398,891 against — passed, per its Form 8-K filed June 5, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Stockholders approved the amendment and restatement by the following votes:”
Support: 71% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 35 asset managers below reported 2,144,594 for, 1,214,360 against.

FORAGAINST

FOR: 2,144,594AGAINST: 1,214,360

Largest asset managers voting on “To approve an amendment and restatement of the Stem, Inc. 2024 Equity Incentive Plan to increase the number of” at STEM INC., 2024-2025
Asset manager	For	Against	Vote
Cohen & Steers	0	637,750	Against
BlackRock	593,485	0	For
Vanguard	558,972	0	For
Charles Schwab	444,053	0	For
Equitable	29,995	274,368	Mixed
QUANTITATIVE MASTER SERIES LLC	198,126	0	For
Lincoln Financial	0	108,100	Against
Global X	88,434	0	For
AIG/SunAmerica	0	74,374	Against
Bridge Builder Trust	73,271	0	For
Pacific Life	71,226	0	For
Northern Trust	0	59,143	Against
Fidelity	45,184	0	For
SEI	32,700	0	For
Calvert	0	14,154	Against
ProShares	0	12,031	Against
NEXPOINT FUNDS II	0	9,000	Against
State Street	0	8,354	Against
PENN SERIES FUNDS INC	0	5,000	Against
Goldman Sachs	3,551	0	For
John Hancock	0	3,393	Against
Nationwide	3,007	0	For
Guggenheim	0	2,702	Against
Brinker Capital Destinations Trust	0	2,589	Against
Invesco	1,994	0	For

Showing the 25 largest of 35 asset managers. All 35 are in the interactive database (link above).

7. To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers

Official result Fund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 9 wordings of this item as funds reported it.

76% Approved · of votes cast

FOR 76%AGAINST

FOR: 23,900,186AGAINST: 7,550,227

Details: description as filed, official tally, votes by 143 asset managers

Description as filed by funds: To approve, on a non-binding, advisory basis, the compensation of our named executive officers.

STEM INC.’s own tally for this item (“3. To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers”): 23,900,186 for, 7,550,227 against — passed, per its Form 8-K filed June 5, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Stockholders approved, on an advisory basis, the compensation of the Company's named executive officers by the following votes:”
Support: 76% 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).

Fund voting reports: 30 asset managers voting on “To approve, on a non-binding, advisory basis, the compensation of our named executive officers.” at STEM INC., 2024-2025
Asset manager	For	Against	Vote
Cohen & Steers	0	637,750	Against
BlackRock	593,485	0	For
Vanguard	558,972	0	For
Charles Schwab	0	444,053	Against
Equitable	304,363	0	For
QUANTITATIVE MASTER SERIES LLC	198,126	0	For
Lincoln Financial	108,100	0	For
Global X	0	88,434	Against
AIG/SunAmerica	0	74,374	Against
Bridge Builder Trust	73,271	0	For
Pacific Life	71,226	0	For
Northern Trust	59,143	0	For
Fidelity	45,184	0	For
SEI	0	32,700	Against
Calvert	0	14,154	Against
ProShares	0	12,031	Against
NEXPOINT FUNDS II	0	9,000	Against
State Street	8,354	0	For
PENN SERIES FUNDS INC	5,000	0	For
Goldman Sachs	3,551	0	For
John Hancock	0	3,393	Against
Nationwide	3,007	0	For
Guggenheim	0	2,702	Against
Brinker Capital Destinations Trust	2,589	0	For
Invesco	0	1,994	Against

Fund voting reports, all 30 managers: 2,035,366 for, 1,322,442 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 123 asset managers voting on “To approve, on a non-binding, advisory basis, the compensation of our named executive officers.” at STEM INC., 2024-2025
Asset manager	For	Against	Vote
State Street	1,254,447	7,734	For
BlackRock	784,644	2,697	For
Northern Trust	646,005	119	For
Rock Point Advisors, LLC	0	531,770	Against
MELLON INVESTMENTS Corp	487,249	0	For
Charles Schwab	0	444,058	Against
Vanguard	121,755	154,949	Mixed
AllianceBernstein	275,368	0	For
AQR	0	225,457	Against
Two Sigma	0	221,713	Against
Steele Capital Management, Inc.	125,000	0	For
T. Rowe Price	0	94,826	Against
Baird	0	89,157	Against
Orgel Wealth Management, LLC	75,569	0	For
BALYASNY ASSET MANAGEMENT L.P.	0	73,886	Against
Citadel	73,603	0	For
JPMorgan	68,702	0	For
NEW YORK STATE COMMON RETIREMENT FUND	0	59,423	Against
GEODE CAPITAL MANAGEMENT, LLC	56,857	0	For
Invesco	0	54,938	Against
Rhumbline	0	53,363	Against
PNC BANK, NATIONAL ASSOCIATION	0	52,685	Against
MML INVESTORS SERVICES, LLC	41,482	0	For
WASHINGTON STATE INVESTMENT BOARD	0	39,415	Against
SEI	0	33,506	Against

Institutional-manager reports, all 123 managers: 4,130,194 for, 2,448,387 against, 9 abstained, 15,000 not voted. Showing the 25 largest; every one is in the interactive database (link above).

8. To ratify the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the…

Official resultAUDIT-RELATEDReported outcome: Approved

97% Approved · of votes cast

FOR 97%

FOR: 85,047,786AGAINST: 2,549,867

Details: description as filed, official tally, votes by 30 asset managers

Description as filed by funds: TO RATIFY THE SELECTION OF DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2025.

STEM INC.’s own tally for this item (“4. To ratify the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025”): 85,047,786 for, 2,549,867 against — passed, per its Form 8-K filed June 5, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Stockholders ratified the selection of Deloitte & Touche LLP as the Company's independent auditor for the fiscal year ending December 31, 2025, by the following votes:”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 30 asset managers below reported 3,357,146 for, 662 against.

FOR

FOR: 3,357,146AGAINST: 662

Largest asset managers voting on “TO RATIFY THE SELECTION OF DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIR” at STEM INC., 2024-2025
Asset manager	For	Vote
Cohen & Steers	637,750	For
BlackRock	593,485	For
Vanguard	558,972	For
Charles Schwab	444,053	For
Equitable	304,363	For
QUANTITATIVE MASTER SERIES LLC	198,126	For
Lincoln Financial	108,100	For
Global X	88,434	For
AIG/SunAmerica	74,374	For
Bridge Builder Trust	73,271	For
Pacific Life	71,226	For
Northern Trust	59,143	For
Fidelity	45,184	For
SEI	32,700	For
Calvert	14,154	For
ProShares	12,031	For
NEXPOINT FUNDS II	9,000	For
State Street	8,354	For
PENN SERIES FUNDS INC	5,000	For
Goldman Sachs	3,551	For
John Hancock	3,393	For
Nationwide	3,007	For
Guggenheim	2,702	For
Brinker Capital Destinations Trust	2,589	For
Invesco	1,994	For

Showing the 25 largest of 30 asset managers. All 30 are in the interactive database (link above).

Largest STEM INC. shareholders voting in 2024-2025

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 166,352,779 shares outstanding at the time of that meeting.

Fund voting reports: top STEM INC. shareholders by shares voted on “To approve, on a non-binding, advisory basis, the compensation of our named executive officers.”, 2024-2025
#	Asset manager	% of shares outstanding
1	Cohen & Steers	0.38%
2	BlackRock	0.36%
3	Vanguard	0.34%
4	Charles Schwab	0.27%
5	Equitable	0.18%
6	QUANTITATIVE MASTER SERIES LLC	0.12%
7	Lincoln Financial	0.06%
8	Global X	0.05%
9	AIG/SunAmerica	0.04%
10	Bridge Builder Trust	0.04%

Institutional-manager reports: top STEM INC. shareholders by shares voted on “To approve, on a non-binding, advisory basis, the compensation of our named executive officers.”, 2024-2025
#	Asset manager	% of shares outstanding
1	State Street	0.76%
2	BlackRock	0.47%
3	Northern Trust	0.39%
4	Rock Point Advisors, LLC	0.32%
5	MELLON INVESTMENTS Corp	0.29%
6	Charles Schwab	0.28%
7	Vanguard	0.17%
8	AllianceBernstein	0.17%
9	AQR	0.14%
10	Two Sigma	0.13%

Reported STEM INC. holdings and ownership

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.

STEM INC. holdings and ownership disclosed for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
The Vanguard Group	0.23%	13G
BlackRock, Inc.	0.11%	13G

Percentages above are of 166,352,779 shares outstanding, as reported by STEM 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.

About this page

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 STEM 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.

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

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proxyvotesnow.com, “STEM (STEM) 2025 Annual Meeting: Shareholder Vote Results & Fund Votes”, https://proxyvotesnow.com/company/stem-inc/2025 (version of November 8, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.

STEM INC. 2024-2025 Proxy Voting Records

Results at a glance

Material dissent

Official 2024-2025 meeting results reported by STEM INC.

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

1. Elect Director: Krishna Shivram

2. Elect Director: Laura D'Andrea Tyson

3. To approve an amendment to the Company's Certificate of Incorporation to effect a reduction in the total number of…

4. To approve an amendment to the Company's Certificate of Incorporation to effect a reverse stock split of the Company's…

5. To approve an adjournment of the annual meeting, if necessary or appropriate, to solicit additional proxies.

6. To approve an amendment and restatement of the Stem, Inc. 2024 Equity Incentive Plan (the "Plan") to increase the…

7. To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers

8. To ratify the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the…

Largest STEM INC. shareholders voting in 2024-2025

Reported STEM INC. holdings and ownership

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