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Compiled from SEC Form N-PX filings and TXNM ENERGY INC.’s Form 8-K, filed 2025-05-14 (Item 5.07 on EDGAR). Page generated 02 October 2026.
Proxy season: 2024-2025 2025-2026
Explore TXNM ENERGY INC. in the interactive database Compare manager voting policies
These tallies are TXNM ENERGY INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-05-14 (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 | Outcome |
|---|---|---|---|---|---|---|
| Elect Director: Vicky A. Bailey | 83,660,233 | 187,669 | 72,771 | -- | 2,089,705 | Majority: yes |
| Elect Director: Norman P. Becker | 83,786,839 | 62,562 | 71,272 | -- | 2,089,705 | Majority: yes |
| Elect Director: Patricia K. Collawn | 82,924,954 | 908,575 | 87,144 | -- | 2,089,705 | Majority: yes |
| Elect Director: E. Renae Conley | 82,517,137 | 1,334,166 | 69,370 | -- | 2,089,705 | Majority: yes |
| Elect Director: Sidney M. Gutierrez | 83,589,099 | 259,113 | 72,461 | -- | 2,089,705 | Majority: yes |
| Elect Director: James A. Hughes | 83,777,911 | 70,860 | 71,902 | -- | 2,089,705 | Majority: yes |
| Elect Director: Steven C. Maestas | 83,751,470 | 52,208 | 116,995 | -- | 2,089,705 | Majority: yes |
| Elect Director: Lillian J. Montoya | 83,747,578 | 66,635 | 106,460 | -- | 2,089,705 | Majority: yes |
| Elect Director: Maureen T. Mullarkey | 82,516,782 | 1,336,916 | 66,975 | -- | 2,089,705 | Majority: yes |
| Elect Director: Joseph D. Tarry | 82,689,526 | 1,151,118 | 80,029 | -- | 2,089,705 | Majority: yes |
| The appointment of KPMG LLP to serve as TXNM's independent public accountants for the year ending December 31, 2025, was ratified by TXNM's shareholders by the vote indicated below: | 85,272,507 | 623,140 | 114,731 | -- | -- | Majority: yes |
| TXNM's shareholders approved, on an advisory basis, the compensation of TXNM's NEOs, by the vote indicated below: | 82,259,274 | 1,529,784 | 131,615 | -- | 2,089,705 | Majority: yes |
Source: TXNM ENERGY INC., Form 8-K, filed with the SEC on 2025-05-14 — read the filing on EDGAR.
Each item below shows how the 372 asset managers that disclosed a TXNM ENERGY 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 TXNM ENERGY 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.
Meeting held 2025-05-13.
Combines 4 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
TXNM ENERGY INC.’s own tally for this item (“TXNM's shareholders approved, on an advisory basis, the compensation of TXNM's NEOs, by the vote indicated below:”): 82,259,274 for, 1,529,784 against, per its Form 8-K filed 2025-05-14 (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 92,659,335 outstanding shares: 89% for, 2% against (90% of the company cast a for/against vote).
The 353 asset managers below cast 99% 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.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Fidelity | 15,455,824 | 0 | 0 | 0 | For |
| BlackRock | 11,224,931 | 833 | 0 | 0 | For |
| Vanguard | 10,577,487 | 2 | 0 | 0 | For |
| T. Rowe Price | 9,561,497 | 0 | 0 | 0 | For |
| AllianceBernstein | 4,355,957 | 0 | 0 | 0 | For |
| FULLER & THALER ASSET MANAGEMENT, INC. | 3,338,773 | 0 | 0 | 0 | For |
| State Street | 3,293,222 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 2,951,433 | 0 | 0 | 0 | For |
| Charles Schwab | 2,514,060 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 2,441,722 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 2,177,356 | 0 | 0 | 0 | For |
| Victory Capital | 1,817,416 | 0 | 0 | 0 | For |
| FRANKLIN ADVISERS INC | 1,700,000 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,700,000 | 0 | 0 | 0 | For |
| Gabelli | 1,371,577 | 0 | 0 | 0 | For |
| Dimensional | 1,339,095 | 0 | 0 | 0 | For |
| River Road Asset Management, LLC | 1,259,396 | 0 | 0 | 0 | For |
| First Trust | 1,009,372 | 0 | 0 | 0 | For |
| Equitable | 1,001,723 | 0 | 0 | 0 | For |
| Point72 | 972,413 | 0 | 0 | 0 | For |
| Northern Trust | 961,106 | 0 | 0 | 0 | For |
| Empyrean Capital Partners, LP | 857,689 | 0 | 0 | 0 | For |
| John Hancock | 849,268 | 0 | 0 | 0 | For |
| WESTWOOD HOLDINGS GROUP INC | 789,437 | 0 | 0 | 0 | For |
| Goldman Sachs | 696,027 | 0 | 0 | 0 | For |
Showing the 25 largest of 353 asset managers. See all 353 in the interactive database.
Meeting held 2025-05-13.
Combines 2 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
TXNM ENERGY INC.’s own tally for this item (“Elect Director: E. Renae Conley”): 82,517,137 for, 1,334,166 against, per its Form 8-K filed 2025-05-14 (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 92,659,335 outstanding shares: 89% for, 1% against (90% of the company cast a for/against vote).
The 111 asset managers below cast 99.7% of the shares they voted on this item FOR (53,113,522 for, 144,851 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,317,130 | 2 | 0 | 0 | For |
| Fidelity | 8,644,037 | 0 | 0 | 0 | For |
| BlackRock | 7,828,302 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,712,173 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 2,951,433 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 2,441,722 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,700,000 | 0 | 0 | 0 | For |
| AllianceBernstein | 1,333,912 | 0 | 0 | 0 | For |
| Charles Schwab | 1,252,477 | 0 | 0 | 0 | For |
| Dimensional | 1,152,606 | 0 | 0 | 0 | For |
| First Trust | 1,006,854 | 0 | 0 | 0 | For |
| Equitable | 1,001,723 | 0 | 0 | 0 | For |
| Victory Capital | 773,607 | 0 | 0 | 0 | For |
| Gabelli | 606,673 | 0 | 0 | 0 | For |
| New York Life | 543,310 | 0 | 0 | 0 | For |
| John Hancock | 477,847 | 0 | 0 | 0 | For |
| State Street | 469,879 | 29 | 0 | 0 | For |
| Ultimus Managers Trust | 412,933 | 0 | 0 | 0 | For |
| ETFis Series Trust I | 382,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 363,639 | 0 | 0 | 0 | For |
| AMG Funds IV | 358,901 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 320,665 | 0 | 0 | 0 | For |
| Jackson National | 292,483 | 0 | 0 | 0 | For |
| Thornburg | 290,920 | 0 | 0 | 0 | For |
| DWS | 263,643 | 0 | 0 | 0 | For |
Showing the 25 largest of 111 asset managers. See all 111 in the interactive database.
Meeting held 2025-05-13.
Combines 2 wordings of this item as funds reported it.
99.9% Majority: yes · of votes cast
TXNM ENERGY INC.’s own tally for this item (“Elect Director: James A. Hughes”): 83,777,911 for, 70,860 against, per its Form 8-K filed 2025-05-14 (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 92,659,335 outstanding shares: 90% for, 0.1% against (90% of the company cast a for/against vote).
The 111 asset managers below cast 99.9% of the shares they voted on this item FOR (53,258,373 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,317,132 | 0 | 0 | 0 | For |
| Fidelity | 8,644,037 | 0 | 0 | 0 | For |
| BlackRock | 7,828,302 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,712,173 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 2,951,433 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 2,441,722 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,700,000 | 0 | 0 | 0 | For |
| AllianceBernstein | 1,333,912 | 0 | 0 | 0 | For |
| Charles Schwab | 1,252,477 | 0 | 0 | 0 | For |
| Dimensional | 1,152,606 | 0 | 0 | 0 | For |
| First Trust | 1,006,854 | 0 | 0 | 0 | For |
| Equitable | 1,001,723 | 0 | 0 | 0 | For |
| Victory Capital | 773,607 | 0 | 0 | 0 | For |
| Gabelli | 606,673 | 0 | 0 | 0 | For |
| New York Life | 543,310 | 0 | 0 | 0 | For |
| John Hancock | 477,847 | 0 | 0 | 0 | For |
| State Street | 469,908 | 0 | 0 | 0 | For |
| Ultimus Managers Trust | 412,933 | 0 | 0 | 0 | For |
| ETFis Series Trust I | 382,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 363,639 | 0 | 0 | 0 | For |
| AMG Funds IV | 358,901 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 320,665 | 0 | 0 | 0 | For |
| Jackson National | 292,483 | 0 | 0 | 0 | For |
| Thornburg | 290,920 | 0 | 0 | 0 | For |
| DWS | 263,643 | 0 | 0 | 0 | For |
Showing the 25 largest of 111 asset managers. See all 111 in the interactive database.
Meeting held 2025-05-13.
Combines 2 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
TXNM ENERGY INC.’s own tally for this item (“Elect Director: Joseph D. Tarry”): 82,689,526 for, 1,151,118 against, per its Form 8-K filed 2025-05-14 (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 92,659,335 outstanding shares: 89% for, 1% against (90% of the company cast a for/against vote).
The 111 asset managers below cast 99.0% of the shares they voted on this item FOR (52,768,441 for, 489,932 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,317,130 | 2 | 0 | 0 | For |
| Fidelity | 8,644,037 | 0 | 0 | 0 | For |
| BlackRock | 7,828,302 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,712,173 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 2,951,433 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 2,441,722 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,700,000 | 0 | 0 | 0 | For |
| AllianceBernstein | 1,333,912 | 0 | 0 | 0 | For |
| Charles Schwab | 1,252,477 | 0 | 0 | 0 | For |
| Dimensional | 1,152,606 | 0 | 0 | 0 | For |
| First Trust | 1,006,854 | 0 | 0 | 0 | For |
| Equitable | 1,001,723 | 0 | 0 | 0 | For |
| Victory Capital | 773,607 | 0 | 0 | 0 | For |
| Gabelli | 606,673 | 0 | 0 | 0 | For |
| New York Life | 543,310 | 0 | 0 | 0 | For |
| John Hancock | 477,847 | 0 | 0 | 0 | For |
| State Street | 469,883 | 25 | 0 | 0 | For |
| Ultimus Managers Trust | 412,933 | 0 | 0 | 0 | For |
| ETFis Series Trust I | 382,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 363,639 | 0 | 0 | 0 | For |
| AMG Funds IV | 358,901 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 320,665 | 0 | 0 | 0 | For |
| Jackson National | 114,179 | 178,304 | 0 | 0 | Against |
| Thornburg | 290,920 | 0 | 0 | 0 | For |
| DWS | 263,643 | 0 | 0 | 0 | For |
Showing the 25 largest of 111 asset managers. See all 111 in the interactive database.
Meeting held 2025-05-13.
Combines 2 wordings of this item as funds reported it.
99.9% Majority: yes · of votes cast
TXNM ENERGY INC.’s own tally for this item (“Elect Director: Lillian J. Montoya”): 83,747,578 for, 66,635 against, per its Form 8-K filed 2025-05-14 (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 92,659,335 outstanding shares: 90% for, 0.1% against (90% of the company cast a for/against vote).
The 111 asset managers below cast 99.9% of the shares they voted on this item FOR (53,258,373 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,317,132 | 0 | 0 | 0 | For |
| Fidelity | 8,644,037 | 0 | 0 | 0 | For |
| BlackRock | 7,828,302 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,712,173 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 2,951,433 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 2,441,722 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,700,000 | 0 | 0 | 0 | For |
| AllianceBernstein | 1,333,912 | 0 | 0 | 0 | For |
| Charles Schwab | 1,252,477 | 0 | 0 | 0 | For |
| Dimensional | 1,152,606 | 0 | 0 | 0 | For |
| First Trust | 1,006,854 | 0 | 0 | 0 | For |
| Equitable | 1,001,723 | 0 | 0 | 0 | For |
| Victory Capital | 773,607 | 0 | 0 | 0 | For |
| Gabelli | 606,673 | 0 | 0 | 0 | For |
| New York Life | 543,310 | 0 | 0 | 0 | For |
| John Hancock | 477,847 | 0 | 0 | 0 | For |
| State Street | 469,908 | 0 | 0 | 0 | For |
| Ultimus Managers Trust | 412,933 | 0 | 0 | 0 | For |
| ETFis Series Trust I | 382,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 363,639 | 0 | 0 | 0 | For |
| AMG Funds IV | 358,901 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 320,665 | 0 | 0 | 0 | For |
| Jackson National | 292,483 | 0 | 0 | 0 | For |
| Thornburg | 290,920 | 0 | 0 | 0 | For |
| DWS | 263,643 | 0 | 0 | 0 | For |
Showing the 25 largest of 111 asset managers. See all 111 in the interactive database.
Meeting held 2025-05-13.
Combines 2 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
TXNM ENERGY INC.’s own tally for this item (“Elect Director: Maureen T. Mullarkey”): 82,516,782 for, 1,336,916 against, per its Form 8-K filed 2025-05-14 (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 92,659,335 outstanding shares: 89% for, 1% against (90% of the company cast a for/against vote).
The 111 asset managers below cast 99.7% of the shares they voted on this item FOR (53,124,327 for, 134,046 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,317,130 | 2 | 0 | 0 | For |
| Fidelity | 8,644,037 | 0 | 0 | 0 | For |
| BlackRock | 7,828,302 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,712,173 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 2,951,433 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 2,441,722 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,700,000 | 0 | 0 | 0 | For |
| AllianceBernstein | 1,333,912 | 0 | 0 | 0 | For |
| Charles Schwab | 1,252,477 | 0 | 0 | 0 | For |
| Dimensional | 1,152,606 | 0 | 0 | 0 | For |
| First Trust | 1,006,854 | 0 | 0 | 0 | For |
| Equitable | 1,001,723 | 0 | 0 | 0 | For |
| Victory Capital | 773,607 | 0 | 0 | 0 | For |
| Gabelli | 606,673 | 0 | 0 | 0 | For |
| New York Life | 543,310 | 0 | 0 | 0 | For |
| John Hancock | 477,847 | 0 | 0 | 0 | For |
| State Street | 469,879 | 29 | 0 | 0 | For |
| Ultimus Managers Trust | 412,933 | 0 | 0 | 0 | For |
| ETFis Series Trust I | 382,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 363,639 | 0 | 0 | 0 | For |
| AMG Funds IV | 358,901 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 320,665 | 0 | 0 | 0 | For |
| Jackson National | 292,483 | 0 | 0 | 0 | For |
| Thornburg | 290,920 | 0 | 0 | 0 | For |
| DWS | 263,643 | 0 | 0 | 0 | For |
Showing the 25 largest of 111 asset managers. See all 111 in the interactive database.
Meeting held 2025-05-13.
Combines 2 wordings of this item as funds reported it.
99.9% Majority: yes · of votes cast
TXNM ENERGY INC.’s own tally for this item (“Elect Director: Norman P. Becker”): 83,786,839 for, 62,562 against, per its Form 8-K filed 2025-05-14 (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 92,659,335 outstanding shares: 90% for, 0.1% against (90% of the company cast a for/against vote).
The 111 asset managers below cast 99.9% of the shares they voted on this item FOR (53,258,373 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,317,132 | 0 | 0 | 0 | For |
| Fidelity | 8,644,037 | 0 | 0 | 0 | For |
| BlackRock | 7,828,302 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,712,173 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 2,951,433 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 2,441,722 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,700,000 | 0 | 0 | 0 | For |
| AllianceBernstein | 1,333,912 | 0 | 0 | 0 | For |
| Charles Schwab | 1,252,477 | 0 | 0 | 0 | For |
| Dimensional | 1,152,606 | 0 | 0 | 0 | For |
| First Trust | 1,006,854 | 0 | 0 | 0 | For |
| Equitable | 1,001,723 | 0 | 0 | 0 | For |
| Victory Capital | 773,607 | 0 | 0 | 0 | For |
| Gabelli | 606,673 | 0 | 0 | 0 | For |
| New York Life | 543,310 | 0 | 0 | 0 | For |
| John Hancock | 477,847 | 0 | 0 | 0 | For |
| State Street | 469,908 | 0 | 0 | 0 | For |
| Ultimus Managers Trust | 412,933 | 0 | 0 | 0 | For |
| ETFis Series Trust I | 382,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 363,639 | 0 | 0 | 0 | For |
| AMG Funds IV | 358,901 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 320,665 | 0 | 0 | 0 | For |
| Jackson National | 292,483 | 0 | 0 | 0 | For |
| Thornburg | 290,920 | 0 | 0 | 0 | For |
| DWS | 263,643 | 0 | 0 | 0 | For |
Showing the 25 largest of 111 asset managers. See all 111 in the interactive database.
Meeting held 2025-05-13.
Combines 2 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
TXNM ENERGY INC.’s own tally for this item (“Elect Director: Patricia K. Collawn”): 82,924,954 for, 908,575 against, per its Form 8-K filed 2025-05-14 (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 92,659,335 outstanding shares: 89% for, 1.0% against (90% of the company cast a for/against vote).
The 111 asset managers below cast 99.9% of the shares they voted on this item FOR (53,247,147 for, 420 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,317,131 | 1 | 0 | 0 | For |
| Fidelity | 8,644,037 | 0 | 0 | 0 | For |
| BlackRock | 7,828,302 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,712,173 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 2,951,433 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 2,441,722 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,700,000 | 0 | 0 | 0 | For |
| AllianceBernstein | 1,333,912 | 0 | 0 | 0 | For |
| Charles Schwab | 1,252,477 | 0 | 0 | 0 | For |
| Dimensional | 1,152,606 | 0 | 0 | 0 | For |
| First Trust | 1,006,854 | 0 | 0 | 0 | For |
| Equitable | 1,001,723 | 0 | 0 | 0 | For |
| Victory Capital | 773,607 | 0 | 0 | 0 | For |
| Gabelli | 606,673 | 0 | 0 | 0 | For |
| New York Life | 543,310 | 0 | 0 | 0 | For |
| John Hancock | 477,847 | 0 | 0 | 0 | For |
| State Street | 469,883 | 25 | 0 | 0 | For |
| Ultimus Managers Trust | 412,933 | 0 | 0 | 0 | For |
| ETFis Series Trust I | 382,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 363,639 | 0 | 0 | 0 | For |
| AMG Funds IV | 358,901 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 320,665 | 0 | 0 | 0 | For |
| Jackson National | 292,483 | 0 | 0 | 0 | For |
| Thornburg | 290,920 | 0 | 0 | 0 | For |
| DWS | 263,643 | 0 | 0 | 0 | For |
Showing the 25 largest of 111 asset managers. See all 111 in the interactive database.
Meeting held 2025-05-13.
Combines 2 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
TXNM ENERGY INC.’s own tally for this item (“Elect Director: Sidney M. Gutierrez”): 83,589,099 for, 259,113 against, per its Form 8-K filed 2025-05-14 (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 92,659,335 outstanding shares: 90% for, 0.3% against (90% of the company cast a for/against vote).
The 111 asset managers below cast 99.9% of the shares they voted on this item FOR (53,257,979 for, 394 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,317,132 | 0 | 0 | 0 | For |
| Fidelity | 8,644,037 | 0 | 0 | 0 | For |
| BlackRock | 7,828,302 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,712,173 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 2,951,433 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 2,441,722 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,700,000 | 0 | 0 | 0 | For |
| AllianceBernstein | 1,333,912 | 0 | 0 | 0 | For |
| Charles Schwab | 1,252,477 | 0 | 0 | 0 | For |
| Dimensional | 1,152,606 | 0 | 0 | 0 | For |
| First Trust | 1,006,854 | 0 | 0 | 0 | For |
| Equitable | 1,001,723 | 0 | 0 | 0 | For |
| Victory Capital | 773,607 | 0 | 0 | 0 | For |
| Gabelli | 606,673 | 0 | 0 | 0 | For |
| New York Life | 543,310 | 0 | 0 | 0 | For |
| John Hancock | 477,847 | 0 | 0 | 0 | For |
| State Street | 469,908 | 0 | 0 | 0 | For |
| Ultimus Managers Trust | 412,933 | 0 | 0 | 0 | For |
| ETFis Series Trust I | 382,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 363,639 | 0 | 0 | 0 | For |
| AMG Funds IV | 358,901 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 320,665 | 0 | 0 | 0 | For |
| Jackson National | 292,483 | 0 | 0 | 0 | For |
| Thornburg | 290,920 | 0 | 0 | 0 | For |
| DWS | 263,643 | 0 | 0 | 0 | For |
Showing the 25 largest of 111 asset managers. See all 111 in the interactive database.
Meeting held 2025-05-13.
Combines 2 wordings of this item as funds reported it.
99.9% Majority: yes · of votes cast
TXNM ENERGY INC.’s own tally for this item (“Elect Director: Steven C. Maestas”): 83,751,470 for, 52,208 against, per its Form 8-K filed 2025-05-14 (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 92,659,335 outstanding shares: 90% for, 0.1% against (90% of the company cast a for/against vote).
The 111 asset managers below cast 99.9% of the shares they voted on this item FOR (53,258,373 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,317,132 | 0 | 0 | 0 | For |
| Fidelity | 8,644,037 | 0 | 0 | 0 | For |
| BlackRock | 7,828,302 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,712,173 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 2,951,433 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 2,441,722 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,700,000 | 0 | 0 | 0 | For |
| AllianceBernstein | 1,333,912 | 0 | 0 | 0 | For |
| Charles Schwab | 1,252,477 | 0 | 0 | 0 | For |
| Dimensional | 1,152,606 | 0 | 0 | 0 | For |
| First Trust | 1,006,854 | 0 | 0 | 0 | For |
| Equitable | 1,001,723 | 0 | 0 | 0 | For |
| Victory Capital | 773,607 | 0 | 0 | 0 | For |
| Gabelli | 606,673 | 0 | 0 | 0 | For |
| New York Life | 543,310 | 0 | 0 | 0 | For |
| John Hancock | 477,847 | 0 | 0 | 0 | For |
| State Street | 469,908 | 0 | 0 | 0 | For |
| Ultimus Managers Trust | 412,933 | 0 | 0 | 0 | For |
| ETFis Series Trust I | 382,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 363,639 | 0 | 0 | 0 | For |
| AMG Funds IV | 358,901 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 320,665 | 0 | 0 | 0 | For |
| Jackson National | 292,483 | 0 | 0 | 0 | For |
| Thornburg | 290,920 | 0 | 0 | 0 | For |
| DWS | 263,643 | 0 | 0 | 0 | For |
Showing the 25 largest of 111 asset managers. See all 111 in the interactive database.
Meeting held 2025-05-13.
Combines 2 wordings of this item as funds reported it.
99.7% Majority: yes · of votes cast
TXNM ENERGY INC.’s own tally for this item (“Elect Director: Vicky A. Bailey”): 83,660,233 for, 187,669 against, per its Form 8-K filed 2025-05-14 (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 92,659,335 outstanding shares: 90% for, 0.3% against (90% of the company cast a for/against vote).
The 111 asset managers below cast 99.9% of the shares they voted on this item FOR (53,258,373 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,317,132 | 0 | 0 | 0 | For |
| Fidelity | 8,644,037 | 0 | 0 | 0 | For |
| BlackRock | 7,828,302 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,712,173 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 2,951,433 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 2,441,722 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,700,000 | 0 | 0 | 0 | For |
| AllianceBernstein | 1,333,912 | 0 | 0 | 0 | For |
| Charles Schwab | 1,252,477 | 0 | 0 | 0 | For |
| Dimensional | 1,152,606 | 0 | 0 | 0 | For |
| First Trust | 1,006,854 | 0 | 0 | 0 | For |
| Equitable | 1,001,723 | 0 | 0 | 0 | For |
| Victory Capital | 773,607 | 0 | 0 | 0 | For |
| Gabelli | 606,673 | 0 | 0 | 0 | For |
| New York Life | 543,310 | 0 | 0 | 0 | For |
| John Hancock | 477,847 | 0 | 0 | 0 | For |
| State Street | 469,908 | 0 | 0 | 0 | For |
| Ultimus Managers Trust | 412,933 | 0 | 0 | 0 | For |
| ETFis Series Trust I | 382,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 363,639 | 0 | 0 | 0 | For |
| AMG Funds IV | 358,901 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 320,665 | 0 | 0 | 0 | For |
| Jackson National | 292,483 | 0 | 0 | 0 | For |
| Thornburg | 290,920 | 0 | 0 | 0 | For |
| DWS | 263,643 | 0 | 0 | 0 | For |
Showing the 25 largest of 111 asset managers. See all 111 in the interactive database.
Meeting held 2025-05-13.
Combines 2 wordings of this item as funds reported it.
99.2% Majority: yes · of votes cast
TXNM ENERGY INC.’s own tally for this item (“The appointment of KPMG LLP to serve as TXNM's independent public accountants for the year ending December 31, 2025, was ratified by TXNM's shareholders by the vote indicated below:”): 85,272,507 for, 623,140 against, per its Form 8-K filed 2025-05-14 (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 92,659,335 outstanding shares: 92% for, 0.7% against (93% of the company cast a for/against vote).
The 111 asset managers below cast 99.9% of the shares they voted on this item FOR (53,258,343 for, 30 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 10,317,131 | 1 | 0 | 0 | For |
| Fidelity | 8,644,037 | 0 | 0 | 0 | For |
| BlackRock | 7,828,302 | 0 | 0 | 0 | For |
| T. Rowe Price | 3,712,173 | 0 | 0 | 0 | For |
| UNDISCOVERED MANAGERS FUNDS | 2,951,433 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 2,441,722 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 1,700,000 | 0 | 0 | 0 | For |
| AllianceBernstein | 1,333,912 | 0 | 0 | 0 | For |
| Charles Schwab | 1,252,477 | 0 | 0 | 0 | For |
| Dimensional | 1,152,606 | 0 | 0 | 0 | For |
| First Trust | 1,006,854 | 0 | 0 | 0 | For |
| Equitable | 1,001,723 | 0 | 0 | 0 | For |
| Victory Capital | 773,607 | 0 | 0 | 0 | For |
| Gabelli | 606,673 | 0 | 0 | 0 | For |
| New York Life | 543,310 | 0 | 0 | 0 | For |
| John Hancock | 477,847 | 0 | 0 | 0 | For |
| State Street | 469,879 | 29 | 0 | 0 | For |
| Ultimus Managers Trust | 412,933 | 0 | 0 | 0 | For |
| ETFis Series Trust I | 382,234 | 0 | 0 | 0 | For |
| Goldman Sachs | 363,639 | 0 | 0 | 0 | For |
| AMG Funds IV | 358,901 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 320,665 | 0 | 0 | 0 | For |
| Jackson National | 292,483 | 0 | 0 | 0 | For |
| Thornburg | 290,920 | 0 | 0 | 0 | For |
| DWS | 263,643 | 0 | 0 | 0 | For |
Showing the 25 largest of 111 asset managers. See all 111 in the interactive database.
Meeting held 2025-05-13.
98% Majority: yes · of votes cast
TXNM ENERGY INC.’s own tally for this item (“TXNM's shareholders approved, on an advisory basis, the compensation of TXNM's NEOs, by the vote indicated below:”): 82,259,274 for, 1,529,784 against, per its Form 8-K filed 2025-05-14 (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 92,659,335 outstanding shares: 89% for, 2% against (90% of the company cast a for/against vote).
The 11 asset managers below cast 97% of the shares they voted on this item FOR (1,665,569 for, 46,652 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| ADAGE CAPITAL PARTNERS GP, L.L.C. | 962,500 | 0 | 0 | 0 | For |
| JPMorgan | 319,533 | 0 | 0 | 0 | For |
| Ausbil Investment Management Ltd | 180,156 | 0 | 0 | 0 | For |
| Resolution Capital Ltd | 106,869 | 0 | 0 | 0 | For |
| Empower | 57,447 | 0 | 0 | 0 | For |
| CAMBIAR INVESTORS LLC | 38,345 | 0 | 0 | 0 | For |
| Desjardins Global Asset Management Inc. | 0 | 23,326 | 0 | 0 | Against |
| Regime de rentes du Mouvement Desjardins | 0 | 23,326 | 0 | 0 | Against |
| Coyle Financial Counsel LLC | 332 | 0 | 0 | 0 | For |
| SIERRA SUMMIT ADVISORS LLC | 332 | 0 | 0 | 0 | For |
| Convergence Investment Partners, LLC | 55 | 0 | 0 | 0 | For |
Meeting held 2025-05-13.
100% fund support · no official result
The 2 asset managers below cast 100% of the shares they voted on this item FOR (2,572 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| WESPAC Advisors SoCal, LLC | 2,572 | 0 | 0 | 0 | For |
| LEAVELL INVESTMENT MANAGEMENT, INC. | 0 | 0 | 0 | 0 | Not Voted |
Meeting held 2025-05-13.
Combines 2 wordings of this item as funds reported it.
100% fund support · no official result
The 2 asset managers below cast 100% of the shares they voted on this item FOR (493 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Two Roads Shared Trust | 465 | 0 | 0 | 0 | For |
| Members Trust Co | 28 | 0 | 0 | 0 | For |
Meeting held 2025-05-13.
98% Majority: yes · of votes cast
TXNM ENERGY INC.’s own tally for this item (“TXNM's shareholders approved, on an advisory basis, the compensation of TXNM's NEOs, by the vote indicated below:”): 82,259,274 for, 1,529,784 against, per its Form 8-K filed 2025-05-14 (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 92,659,335 outstanding shares: 89% for, 2% against (90% of the company cast a for/against vote).
The 2 asset managers below cast 100% of the shares they voted on this item FOR (493 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Two Roads Shared Trust | 465 | 0 | 0 | 0 | For |
| Members Trust Co | 28 | 0 | 0 | 0 | For |
Meeting held 2024-06-04 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).
Combines 2 wordings of this item as funds reported it.
84% Majority: yes · of votes cast
TXNM ENERGY 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 92,659,335 outstanding shares: 71% for, 13% against (84% of the company cast a for/against vote).
The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 371 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| COLDSTREAM CAPITAL MANAGEMENT INC | 0 | 371 | 0 | 0 | Against |
| Echo45 Advisors LLC | 0 | 0 | 0 | 0 | -- |
Ranked by the number of TXNM ENERGY INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 92,659,335 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Fidelity | 16.68% |
| 2 | BlackRock | 12.12% |
| 3 | Vanguard | 11.42% |
| 4 | T. Rowe Price | 10.32% |
| 5 | AllianceBernstein | 4.70% |
| 6 | FULLER & THALER ASSET MANAGEMENT, INC. | 3.60% |
| 7 | State Street | 3.55% |
| 8 | UNDISCOVERED MANAGERS FUNDS | 3.19% |
| 9 | Charles Schwab | 2.71% |
| 10 | REAVES UTILITY INCOME FUND | 2.64% |
Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).
| Holder | % outstanding | Disclosure |
|---|---|---|
| BlackRock | 13.74% | 13F |
| Vanguard Group | 11.32% | 13F |
| Troy TopCo LP | 8.63% | 13D |
| Balyasny Asset Management L.P. | 7.70% | 13G |
| FMR (Fidelity) | 7.25% | 13F |
| Vanguard Portfolio Management | 7.11% | 13G |
| T. Rowe Price Investment Management, Inc. | 4.78% | 13G |
| Fuller & Thaler Asset Management, Inc. | 4.15% | 13G |
| State Street | 3.82% | 13F |
| Point72 | 2.14% | 13F |
Percentages above are of 92,659,335 shares outstanding, as reported by TXNM ENERGY INC. on its Form 10-Q dated 2025-04-25 (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.
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 TXNM ENERGY INC.’s 10-Q dated 2025-04-25. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.
At TXNM ENERGY INC.'s shareholder meeting held 2025-05-13, in the 2024-2025 proxy season, 372 asset managers reported how they voted in their SEC Form N-PX filings, covering 5,174 separate fund positions. Their filings are grouped here into 17 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 98% 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: TXNM ENERGY INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2025-05-14.
TXNM ENERGY INC. proxy season coverage: 2024-2025 (this page) · 2025-2026.