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DWS 2025-2026: where it broke with the board

At least 6,056 proposals in the 2025-2026 proxy season: DWS voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 56 shareholder proposals, by its own Form N-PX filings.

Two kinds of vote are listed: a board-sponsored proposal DWS voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.

Everything Only shareholder proposals it backed

6,056 proposals. The board-sponsored half of this list keeps the 6,000 proposals with the most funds behind them; the rest are in the interactive database. Every shareholder proposal it backed is listed in full.

DWS, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedDWS votedFunds
SANUWAVE Health, Inc. June 11, 2026 Election of Directors: James Tyler Director Elections Board WITHHOLD 1
SANUWAVE Health, Inc. June 11, 2026 Election of Directors: Jeffrey Blizard Director Elections Board WITHHOLD 1
SEB SA May 12, 2026 Approve Compensation of Stanislas De Gramont, CEO Compensation Board AGAINST 1
SEB SA May 12, 2026 Approve Compensation of Thierry de La Tour d'Artaise, Chairman of the Board Compensation Board AGAINST 1
SEB SA May 12, 2026 Authorize Repurchase of Up to 10 Percent of Issued Share Capital Capital Structure Board AGAINST 1
SEB SA May 12, 2026 Elect Thierry Lescure as Director Director Elections Board AGAINST 1
SEB SA May 12, 2026 Elect William Gairard as Director Director Elections Board AGAINST 1
SFL Corporation Ltd. May 11, 2026 Approve the Re-designation and Allocation of the Authorized Share Capital Capital Structure Board AGAINST 1
SFL Corporation Ltd. May 11, 2026 Elect Director Kathrine Fredriksen Director Elections Board AGAINST 1
SI-BONE, Inc. June 4, 2026 Election of Directors: Jeffrey W. Dunn Director Elections Board WITHHOLD 1
SI-BONE, Inc. June 4, 2026 Election of Directors: John G. Freund, M.D. Director Elections Board WITHHOLD 1
SICC Co., Ltd. May 29, 2026 Approve Grant of General Mandate to the Board to Issue H Shares Capital Structure Board AGAINST 1
SIG Group AG April 16, 2026 Approve Remuneration Report (Non-Binding) Compensation Board AGAINST 1
SIGA Technologies, Inc. June 9, 2026 To approve an amendment to the SIGA Technologies, Inc. Amended and Restated 2010 Stock Incentive Plan to increase the number of shares of common stock available for issuance. Compensation Board AGAINST 1
SK bioscience Co., Ltd. March 23, 2026 Elect Ahn Jae-hyeon as Non-Independent Non-Executive Director Director Elections Board AGAINST 1
SK bioscience Co., Ltd. March 23, 2026 Elect Park Jin-seon as Inside Director Director Elections Board AGAINST 1
SKSHU Paint Co., Ltd. May 13, 2026 Approve Credit Line Application and Provision of Guarantee Capital Structure Board AGAINST 1
SOL SpA May 12, 2026 Approve Second Section of the Remuneration Report Compensation Board AGAINST 1
SOL SpA May 12, 2026 Elect Federica Annoni as Director Director Elections Board AGAINST 1
SOSiLA Logistics REIT, Inc. August 28, 2025 Elect Alternate Supervisory Director Oyama, Taro Director Elections Board AGAINST 1
SOSiLA Logistics REIT, Inc. August 28, 2025 Elect Supervisory Director Doba, Manabu Director Elections Board AGAINST 1
SR Bancorp, Inc. November 19, 2025 Election of Directors: Douglas M. Sonier Director Elections Board WITHHOLD 1
SR Bancorp, Inc. November 19, 2025 Election of Directors: Marc Lebovitz Director Elections Board WITHHOLD 1
SRE Holdings Corp. June 25, 2026 Elect Director and Audit Committee Member Yoshimura, Masanao Director Elections Board AGAINST 1
SSAB AB April 28, 2026 Approve Remuneration Policy And Other Terms of Employment For Executive Management Compensation Board AGAINST 1
SSAB AB April 28, 2026 Reelect Petra Einarsson as Director Director Elections Board AGAINST 1
Sable Offshore Corp. June 10, 2026 To elect one Class II director, Gregory Pipkin, to hold office until our 2029 annual meeting of stockholders and until his successor is duly elected and qualified, or until his earlier death, resignation or removal: Gregory P. Pipkin Director Elections Board WITHHOLD 1
Sabre Corporation April 29, 2026 To approve our 2026 Omnibus Incentive Compensation Plan. Compensation Board AGAINST 1
Safe Bulkers, Inc. September 16, 2025 Elect Director Christos Megalou Director Elections Board WITHHOLD 1
Safe Bulkers, Inc. September 16, 2025 Elect Director Loukas Barmparis Director Elections Board WITHHOLD 1
Safe Bulkers, Inc. September 16, 2025 Elect Director Marina Hajioannou Director Elections Board WITHHOLD 1
Safilo Group SpA April 28, 2026 Approve Performance Share Plan 2026-2028 Compensation Board AGAINST 1
Safilo Group SpA April 28, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
Safilo Group SpA April 28, 2026 Approve Second Section of the Remuneration Report Compensation Board AGAINST 1
Safilo Group SpA April 28, 2026 Authorize Board to Increase Capital to Service Performance Share Plan 2026-2028 Compensation Board AGAINST 1
SailPoint, Inc. June 4, 2026 To elect three Class I directors to hold office until the 2029 Annual Meeting of Stockholders or until their successors are duly elected and qualified: William Bock Director Elections Board WITHHOLD 1
Sailun Group Co., Ltd. December 19, 2025 Approve Estimated Amount of External Guarantees Capital Structure Board AGAINST 1
Saipem SpA May 12, 2026 Approve Deferred Phantom Share Plan 2026-2029 Compensation Board AGAINST 1
Sakura Development Co., Ltd. June 16, 2026 Elect CHIANG, YAO-CHUN, a Representative of HO-YANG MANAGEMENT CONSULTANT CO., LTD. with SHAREHOLDER NO.31201 as Non-independent Director Director Elections Board AGAINST 1
Sakura Development Co., Ltd. June 16, 2026 Elect PAIR, SHWU-JENG with SHAREHOLDER NO.31208 as Non-independent Director Director Elections Board AGAINST 1
Sakura Development Co., Ltd. June 16, 2026 Elect WANG, KUEI-YUAN with SHAREHOLDER NO.E121438XXX as Independent Director Director Elections Board AGAINST 1
Sakura Development Co., Ltd. June 16, 2026 Elect WU, PEI-CHUAN, a Representative of HO-YANG MANAGEMENT CONSULTANT CO., LTD. with SHAREHOLDER NO.31201 as Non-independent Director Director Elections Board AGAINST 1
Salvatore Ferragamo SpA April 23, 2026 Approve 2026-2028 Performance and Restricted Shares LTI Plan Compensation Board AGAINST 1
Salvatore Ferragamo SpA April 23, 2026 Approve Maximum Limit for the Remuneration of Directors Holding Special Offices Compensation Board AGAINST 1
Salvatore Ferragamo SpA April 23, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
Salvatore Ferragamo SpA April 23, 2026 Approve Second Section of the Remuneration Report Compensation Board AGAINST 1
Samhallsbyggnadsbolaget I Norden AB April 23, 2026 Approve Issuance of up to 10 Percent of Issued Shares without Preemptive Rights Capital Structure Board AGAINST 1
Samhallsbyggnadsbolaget I Norden AB April 23, 2026 Approve Performance Share Plan LTIP 2026 for Key Employees Compensation Board AGAINST 1
Samhallsbyggnadsbolaget I Norden AB April 23, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Samhallsbyggnadsbolaget I Norden AB April 23, 2026 Elect Richard Silen as New Director Director Elections Board AGAINST 1
Samhallsbyggnadsbolaget I Norden AB April 23, 2026 Ratify PricewaterhouseCooper as Auditor Audit-related Board AGAINST 1
Samhallsbyggnadsbolaget I Norden AB April 23, 2026 Reelect Hans Runesten as Director Director Elections Board AGAINST 1
Samhallsbyggnadsbolaget I Norden AB April 23, 2026 Reelect Ilija Batljan as Director Director Elections Board AGAINST 1
Samhallsbyggnadsbolaget I Norden AB April 23, 2026 Reelect Lennart Sten as Board Chair Director Elections Board AGAINST 1
Samhallsbyggnadsbolaget I Norden AB April 23, 2026 Reelect Lennart Sten as Director Director Elections Board AGAINST 1
Samhallsbyggnadsbolaget I Norden AB April 23, 2026 Reelect Oyvind Eriksen as Director Director Elections Board AGAINST 1
Samhallsbyggnadsbolaget I Norden AB April 23, 2026 Reelect Tone Kristin Omsted as Director Director Elections Board AGAINST 1
Samsung Epis Holdings Co., Ltd. March 20, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 1
Sana Biotechnology, Inc. June 4, 2026 To elect three Class II directors to our Board of Directors, each to serve for a three-year term expiring at the 2029 annual meeting of stockholders or until his or her respective successor is duly elected and qualified. The nominees for election are: Hans E. Bishop Director Elections Board WITHHOLD 1
Sankyo Co., Ltd. June 26, 2026 Elect Director and Audit Committee Member Yamasaki, Hiroyuki Director Elections Board AGAINST 1
Sankyu, Inc. June 25, 2026 Appoint Statutory Auditor Shigeta, Kazuhiro Compensation Board AGAINST 1
Sanlorenzo SpA April 24, 2026 Approve 2026 Performance Shares Plan Compensation Board AGAINST 1
Sanlorenzo SpA April 24, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
Sanlorenzo SpA April 24, 2026 Approve Second Section of the Remuneration Report Compensation Board AGAINST 1
Sanmina Corporation March 9, 2026 To elect eight directors of Sanmina Corporation: Mythili Sankaran Director Elections Board AGAINST 1
Sarepta Therapeutics, Inc. June 4, 2026 Advisory vote to approve, on a non-binding basis, named executive officer compensation Say-on-Pay Board (inferred) AGAINST 1
Satellogic Inc. December 8, 2025 Approve the amendment and restatement of the Satellogic Inc. Amended and Restated 2021 Incentive Compensation Plan (the Incentive Plan). Compensation Board AGAINST 1
Satellogic Inc. December 8, 2025 Election of Directors: Ted Wang Director Elections Board WITHHOLD 1
Satellogic Inc. June 3, 2026 Election of Directors: Miguel Gutierrez Director Elections Board WITHHOLD 1
Satellogic Inc. June 3, 2026 Election of Directors: Tom Killalea Director Elections Board WITHHOLD 1
Savers Value Village, Inc. June 10, 2026 Election of Directors: Brian Ames Director Elections Board WITHHOLD 1
Savers Value Village, Inc. June 10, 2026 Election of Directors: Kristy Pipes Director Elections Board WITHHOLD 1
Schneider Electric Infrastructure Limited March 25, 2026 Approve Company's Participation in Worldwide Employee Share Ownership Plan 2026 and Grant of Loan/Financial Assistance and Free Matching Shares to Employees of the Company Compensation Board AGAINST 1
Schneider National, Inc. April 30, 2026 Approval of amended and restated 2017 Schneider National, Inc. Omnibus Incentive Compensation Plan. Compensation Board AGAINST 1
Schrodinger, Inc. June 22, 2026 Approval of an amendment to the Schrodinger, Inc. 2022 Equity Incentive Plan, as amended, to increase the number of shares of common stock available for issuance thereunder by 3,000,000 shares. Compensation Board AGAINST 1
Schrodinger, Inc. June 22, 2026 Election of Class III Directors to serve until the 2029 Annual Meeting of Stockholders: Richard A. Friesner Director Elections Board AGAINST 1
SeSa SpA August 27, 2025 Approve Remuneration Policy Compensation Board AGAINST 1
SeSa SpA August 27, 2025 Approve Second Section of the Remuneration Report Compensation Board AGAINST 1
Seche Environnement SA April 24, 2026 Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 47,146.20 Capital Structure Board AGAINST 1
Seche Environnement SA April 24, 2026 Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind Capital Structure Board AGAINST 1
Seche Environnement SA April 24, 2026 Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 314,309.20 Capital Structure Board AGAINST 1
Seche Environnement SA April 24, 2026 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 47,146.20 Capital Structure Board AGAINST 1
Seche Environnement SA April 24, 2026 Authorize Repurchase of Up to 10 Percent of Issued Share Capital Capital Structure Board AGAINST 1
Seche Environnement SA April 24, 2026 Authorize up to 2 Percent of Issued Capital for Use in Restricted Stock Plans Compensation Board AGAINST 1
Seche Environnement SA April 24, 2026 Authorize up to 2 Percent of Issued Capital for Use in Stock Option Plans Compensation Board AGAINST 1
SeeWay.ai Co., Ltd. May 21, 2026 Approve Extension of Financial Assistance Provision Capital Structure Board AGAINST 1
Seek Limited November 19, 2025 Approve Grant of One Equity Right to Ian Narev Compensation Board AGAINST 1
Select Medical Holdings Corporation June 26, 2026 To consider and vote on the proposal to approve, on a non-binding, advisory basis, the compensation that will or may become payable by the Company to its named executive officers in connection with the Merger (the "Compensation Proposal"). Say-on-Pay Board AGAINST 1
SelectQuote, Inc. November 11, 2025 To elect the Class III director nominees listed below for a term of three years: Denise L. Devine Director Elections Board WITHHOLD 1
SelectQuote, Inc. November 11, 2025 To elect the Class III director nominees listed below for a term of three years: Donald L. Hawks III Director Elections Board WITHHOLD 1
Semler Scientific, Inc. September 5, 2025 To approve the amendment of Semler Scientific, Inc.'s Restated Certificate of Incorporation, as amended to increase the total number of shares of our common stock authorized for issuance from 50,000,000 shares to 210,000,000 shares. Capital Structure Board AGAINST 1
Semler Scientific, Inc. September 5, 2025 To approve the amendment of the Restated Certificate of Incorporation, as amended, to authorize the issuance of 42,000,000 shares of "blank-check" preferred stock. Capital Structure Board AGAINST 1
Septerna, Inc. June 26, 2026 To elect two Class II directors to our board of directors, each to serve until our 2029 Annual Meeting of Stockholders and until his or her respective successor has been duly elected and qualified, or until his or her earlier death, resignation or removal: Shalini Sharp Director Elections Board WITHHOLD 1
Serve Robotics Inc. June 17, 2026 The election of two Class III directors to serve until our 2029 annual meeting of stockholders; and: Ali Kashani Director Elections Board WITHHOLD 1
Service Properties Trust June 11, 2026 Election of Trustees. Nominees (for Independent Trustee): Donna D. Fraiche Director Elections Board AGAINST 1
Service Properties Trust June 11, 2026 Election of Trustees. Nominees (for Independent Trustee): Robert E. Cramer Director Elections Board AGAINST 1
Service Properties Trust June 11, 2026 Election of Trustees. Nominees (for Managing Trustee): Adam Portnoy Director Elections Board AGAINST 1
Seven Hills Realty Trust June 9, 2026 Election of Trustees. Nominees (for Independent Trustee in Class I): Ann M. Danner Director Elections Board WITHHOLD 1
Seven Hills Realty Trust June 9, 2026 Election of Trustees. Nominees (for Independent Trustee in Class I): William A. Lamkin Director Elections Board WITHHOLD 1
Shaftesbury Capital Plc May 14, 2026 Re-elect Ruth Anderson as Director (WITHDRAWN) Director Elections Board ABSTAIN 1

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Built November 8, 2026 from SEC Form N-PX filings.