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Empower 2025-2026: where it broke with the board

2,529 proposals in the 2025-2026 proxy season: Empower voted against, or withheld its votes from, 2,503 proposals put forward by company boards, and voted for 26 shareholder proposals, by its own Form N-PX filings.

Two kinds of vote are listed: a board-sponsored proposal Empower 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

2,529 proposals.

Empower, 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 recommendedEmpower votedFunds
Meta Platforms, Inc. May 27, 2026 Election of Directors: Andrew W. Houston Director Elections Board WITHHOLD 1
Meta Platforms, Inc. May 27, 2026 Election of Directors: John Elkann Director Elections Board WITHHOLD 1
Meta Platforms, Inc. May 27, 2026 Election of Directors: Peggy Alford Director Elections Board WITHHOLD 1
Meta Platforms, Inc. May 27, 2026 Election of Directors: Robert M. Kimmitt Director Elections Board WITHHOLD 1
Meta Platforms, Inc. May 27, 2026 Election of Directors: Tony Xu Director Elections Board WITHHOLD 1
Meta Platforms, Inc. May 27, 2026 Report on Risks of Improper Use of External Data to Develop AI Products Other Social Issues Shareholder Against FOR 1
Miami International Holdings, Inc. June 16, 2026 The approval, on a non-binding advisory basis, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 1
Miami International Holdings, Inc. June 16, 2026 The election of the 15 director nominees: Talal Jassim Al-Bahar Director Elections Board WITHHOLD 1
Microchip Technology Incorporated August 19, 2025 Proposal to approve, on an advisory (non-binding) basis, the compensation of our named executives. Say-on-Pay Board AGAINST 1
Microsoft Corporation December 5, 2025 Human Rights Risk Assessment Other Social Issues Shareholder Against FOR 1
Microsoft Corporation December 5, 2025 Report on Risks of Operating in Countries with Significant Human Rights Concerns Other Social Issues Shareholder Against FOR 1
Midea Group Co., Ltd. September 24, 2025 Approve General Mandate to Issue Onshore and Offshore Debt Financing Instruments Capital Structure Board AGAINST 1
Midea Group Co., Ltd. September 24, 2025 Approve Provision of Guarantees Capital Structure Board AGAINST 1
Midea Group Co., Ltd. June 5, 2026 Approve General Mandate to Issue Shares Capital Structure Board AGAINST 1
Midea Group Co., Ltd. June 5, 2026 Approve PricewaterhouseCoopers Zhong Tian LLP (Limited Liability Partnership) as Domestic Audit Firm and PricewaterhouseCoopers as Overseas Audit Firm and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
Midland States Bancorp, Inc. August 4, 2025 Elect Director Jerry L. McDaniel Director Elections Board AGAINST 1
Midland States Bancorp, Inc. August 4, 2025 Elect Director R. Dean Bingham Director Elections Board AGAINST 1
Midland States Bancorp, Inc. May 4, 2026 Elect Director Jennifer L. DiMotta Director Elections Board AGAINST 1
Minth Group Limited June 30, 2026 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Director Elections Board AGAINST 1
Mizuho Financial Group, Inc. June 26, 2026 Elect Takakazu Uchida Director Elections Board AGAINST 1
Molina Healthcare, Inc. May 6, 2026 To consider and approve, on a non-binding, advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 1
Montage Technology Co., Ltd. December 26, 2025 Approve Financial Assistance Provision Audit-related Board AGAINST 1
Montage Technology Co., Ltd. June 24, 2026 Approve External Guarantee Limit Capital Structure Board AGAINST 1
Motor Oil (Hellas) Corinth Refineries SA June 17, 2026 Advisory Vote on Remuneration Report Compensation Board AGAINST 1
Motor Oil (Hellas) Corinth Refineries SA June 17, 2026 Approve Advance Payment for Director Remuneration Compensation Board AGAINST 1
Motor Oil (Hellas) Corinth Refineries SA June 17, 2026 Approve Auditors and Fix Their Remuneration Audit-related Board AGAINST 1
Motor Oil (Hellas) Corinth Refineries SA June 17, 2026 Approve Profit Distribution to Board Members and Management Compensation Board AGAINST 1
Motor Oil (Hellas) Corinth Refineries SA June 17, 2026 Approve Profit Distribution to Company Personnel Compensation Board AGAINST 1
Motor Oil (Hellas) Corinth Refineries SA June 17, 2026 Approve Remuneration of Directors Compensation Board AGAINST 1
Motor Oil (Hellas) Corinth Refineries SA June 17, 2026 Elect Directors (Bundled) Director Elections Board AGAINST 1
Motor Oil (Hellas) Corinth Refineries SA June 17, 2026 Elect Members of Audit Committee (Bundled) Director Elections Board AGAINST 1
Muyuan Foods Co., Ltd. May 13, 2026 Approve General Mandate Granted to the Board to Issue Additional Shares Capital Structure Board AGAINST 1
Muyuan Foods Co., Ltd. May 13, 2026 Approve Provision of Guarantees for Raw Material Procurement Payments of Subsidiaries Capital Structure Board AGAINST 1
NAURA Technology Group Co., Ltd. December 8, 2025 Amend Management Measures for Independent Directors Compensation Board AGAINST 1
NAURA Technology Group Co., Ltd. December 8, 2025 Approve Management Method of Employee Share Purchase Plan Compensation Board AGAINST 1
NB Bancorp, Inc. April 29, 2026 Elect Director Mark Whalen Director Elections Board WITHHOLD 1
NB Bancorp, Inc. April 29, 2026 Elect Director Paul Ayoub Director Elections Board WITHHOLD 1
NEOGENOMICS, INC. May 21, 2026 Say on pay Say-on-Pay Board AGAINST 1
NEWMARK GROUP, INC. December 30, 2025 Say on pay Say-on-Pay Board AGAINST 1
NEXTDECADE CORPORATION June 3, 2026 Say on pay Say-on-Pay Board AGAINST 1
NEXTPOWER INC. August 18, 2025 Say on pay Say-on-Pay Board AGAINST 1
NHK SPRING CO., LTD. June 25, 2026 Elect Takashi Kayamoto Director Elections Board AGAINST 1
NIPPON EXPRESS HOLDINGS,INC. March 27, 2026 Elect Takashi Nakamoto Director Elections Board AGAINST 1
NLIGHT, INC. June 5, 2026 Say on pay Say-on-Pay Board AGAINST 1
NRC Health June 23, 2026 Advisory Vote to Ratify Named Executive Officers' Compensation Compensation Board AGAINST 1
Naspers Ltd. August 21, 2025 Approve Financial Assistance in Terms of Section 44 of the Companies Act Capital Structure Board AGAINST 1
Naspers Ltd. August 21, 2025 Approve Implementation Report of the Remuneration Report Compensation Board AGAINST 1
Naspers Ltd. August 21, 2025 Approve Remuneration Policy Compensation Board AGAINST 1
Naspers Ltd. August 21, 2025 Authorise Board to Issue Shares for Cash Capital Structure Board AGAINST 1
Naspers Ltd. August 21, 2025 Authorise Repurchase of A Ordinary Shares Capital Structure Board AGAINST 1
Naspers Ltd. August 21, 2025 Authorise Specific Repurchase of N Ordinary Shares from Holders of N Ordinary Share Extraordinary Transactions Board AGAINST 1
Naspers Ltd. August 21, 2025 Place Authorised but Unissued Shares under Control of Directors Capital Structure Board AGAINST 1
Naspers Ltd. August 21, 2025 Re-elect Steve Pacak as Chairman of the Audit Committee Director Elections Board AGAINST 1
National Aluminium Company Limited September 26, 2025 Elect Abhay Kumar Behuria as Director (Finance) Director Elections Board AGAINST 1
National Aluminium Company Limited September 26, 2025 Elect Brijendra Pratap Singh as Director and Approve Appointment and Remuneration of Brijendra Pratap Singh as Chairman-cum-Managing Director Director Elections Board AGAINST 1
National Aluminium Company Limited September 26, 2025 Elect Tapas Kumar Pattanayak as Director (HR) Director Elections Board AGAINST 1
National Aluminium Company Limited September 26, 2025 Elect Vivek Kumar Bajpai as Director Director Elections Board AGAINST 1
National Aluminium Company Limited September 26, 2025 Reelect Pankaj Kumar Sharma as Director Director Elections Board AGAINST 1
National Aluminium Company Limited September 26, 2025 Reelect Patel Sanjaykumar as Director Director Elections Board AGAINST 1
Nava Limited August 14, 2025 Approve Commission Payable to Non-Executive Directors Compensation Board AGAINST 1
Nava Limited August 14, 2025 Approve Payment of Bonus to Ashwin Devineni as Managing Director of Subsidiary Compensation Board AGAINST 1
Nava Limited August 14, 2025 Reelect D. Ashok as Director Director Elections Board AGAINST 1
Nava Limited August 14, 2025 Reelect GRK Prasad as Director Director Elections Board AGAINST 1
NetEase, Inc. June 23, 2026 Adopt Consultant Sublimit Audit-related Board AGAINST 1
NetEase, Inc. June 23, 2026 Amend and Restate the Amended and Restated 2019 Share Incentive Plan as the Second Amended and Restated 2019 Share Incentive Plan Director Elections Board AGAINST 1
NetEase, Inc. June 23, 2026 Approve PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Director Elections Board AGAINST 1
Netweb Technologies India Ltd. March 20, 2026 Approve Reappointment and Remuneration of Sanjay Lodha as Chairman and Managing Director Director Elections Board AGAINST 1
Newborn Town Inc. May 21, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
Newborn Town Inc. May 21, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
NextDecade Corporation June 3, 2026 Amend Omnibus Stock Plan Compensation Board AGAINST 1
Nintendo Co., Ltd. June 26, 2026 Approve Allocation of Income, with a Final Dividend of JPY 177 Capital Structure Board AGAINST 1
Nintendo Co., Ltd. June 26, 2026 Elect Director Chris Meledandri Director Elections Board AGAINST 1
Nintendo Co., Ltd. June 26, 2026 Elect Director Furukawa, Shuntaro Director Elections Board AGAINST 1
Niterra Co.,Ltd. June 26, 2026 Elect Kenji Isobe Director Elections Board AGAINST 1
Northpointe Bancshares, Inc. May 13, 2026 Elect Director Carrie L. Boer Director Elections Board WITHHOLD 1
Northpointe Bancshares, Inc. May 13, 2026 Elect Director David S. Hooker Director Elections Board WITHHOLD 1
Northpointe Bancshares, Inc. May 13, 2026 Elect Director Robert W. De Vlieger, II Director Elections Board WITHHOLD 1
Nos SGPS SA. April 22, 2026 Accounts and Reports; Remuneration Report Compensation Board AGAINST 1
Nos SGPS SA. April 22, 2026 Amendment to Remuneration Policy Compensation Board AGAINST 1
Nu Holdings Ltd. September 8, 2025 Elect David Velez Osorno, Anita Mary Sands, David Alexandre Marcus, Douglas Mauro Leone, Jacqueline Dawn Reses, Luis Alberto Moreno Mejia, Roberto de Oliveira Campos Neto, Rogerio Paulo Calderon Peres and Thuan Quang Pham as Directors Director Elections Board AGAINST 1
O'Reilly Automotive, Inc. May 14, 2026 Shareholder proposal entitled "Avoid Brand Damage due to Corporate Political Spending." Other Social Issues Shareholder Against FOR 1
OCCIDENTAL PETROLEUM CORPORATION May 1, 2026 Say on pay Say-on-Pay Board AGAINST 1
OKAMURA CORPORATION June 24, 2026 Elect Masayuki Nakamura Director Elections Board AGAINST 1
OMNICOM GROUP INC. May 5, 2026 Say on pay Say-on-Pay Board AGAINST 1
ORLEN SA June 9, 2026 Approve Remuneration Report Compensation Board AGAINST 1
OSI Systems, Inc. December 11, 2025 Advisory vote to approve the Company's named executive officer compensation for the fiscal year ended June 30, 2025. Say-on-Pay Board AGAINST 1
OVS S.p.A. May 29, 2026 2026-2028 Performance Share Plan Compensation Board AGAINST 1
OVS S.p.A. May 29, 2026 List Presented by Tamburi Investment Partners S.p.A., Concerto S.r.l. and String S.r.l. Director Elections Board ABSTAIN 1
OVS S.p.A. May 29, 2026 Remuneration Policy Compensation Board AGAINST 1
OVS S.p.A. May 29, 2026 Remuneration Report Compensation Board AGAINST 1
Oberoi Realty Limited July 2, 2025 Reelect Saumil Daru as Director Director Elections Board AGAINST 1
Oberoi Realty Limited August 28, 2025 Approve Grant of Options to the Eligible Employees of the Group Companies, Including Associate Compay(ies) of the Company Under Oberoi Realty Limited - Employee Stock Option Plan 2025 Compensation Board AGAINST 1
Oberoi Realty Limited August 28, 2025 Approve Grant of Options to the Employees of the Subsidiary Company(ies) of the Company Under Oberoi Realty Limited - Employee Stock Option Plan 2025 Compensation Board AGAINST 1
Oberoi Realty Limited August 28, 2025 Approve Oberoi Realty Limited - Employee Stock Option Plan 2025 Compensation Board AGAINST 1
Okta, Inc. June 18, 2026 Advisory Vote to Ratify Named Executive Officers' Compensation Say-on-Pay Board AGAINST 1
Okta, Inc. June 18, 2026 Amend Omnibus Stock Plan Compensation Board AGAINST 1
On Holding AG May 28, 2026 Approve Remuneration Report (Non-Binding) Compensation Board AGAINST 1
OneSpaWorld Holdings Limited June 3, 2026 Elect Director Andrew R. Heyer Director Elections Board WITHHOLD 1
Oracle Corporation November 18, 2025 Advisory Vote to Approve the Compensation of our Named Executive Officers Say-on-Pay Board AGAINST 1
Oracle Corporation November 18, 2025 Advisory Vote to Ratify Named Executive Officers' Compensation Say-on-Pay Board AGAINST 1

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Built November 7, 2026 from SEC Form N-PX filings.