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Fidelity 2025-2026: where it broke with the board

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

6,052 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.

Fidelity, 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 recommendedFidelity votedFunds
Kunlun Tech Co., Ltd. December 24, 2025 Approve 2026 Provision of Guarantee for Controlled Subsidiary Capital Structure Board AGAINST 4
Kunlun Tech Co., Ltd. December 24, 2025 Approve Credit Line Used by Controlled Subsidiary and Provision of Guarantee Capital Structure Board AGAINST 4
Kuyas Yatirim AS June 29, 2026 Approve Share Capital Increase with Preemptive Rights Capital Structure Board AGAINST 4
LENSAR, Inc. July 2, 2025 To approve, on a non-binding, advisory basis, certain compensation that will or may be paid or become payable to LENSAR's named executive officers that is based on or otherwise relates to the Merger; and Say-on-Pay Board AGAINST 4
LS Corp. March 26, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 4
La Rosa Holdings Corp. December 11, 2025 Election of Directors: Lourdes Felix Director Elections Board WITHHOLD 4
La Rosa Holdings Corp. December 11, 2025 To approve Amendment No. 1 to the Second Amended and Restated La Rosa Holdings Corp. 2022 Equity Incentive Plan; and Compensation Board AGAINST 4
Lakeside Holding Limited November 25, 2025 Proposal 1 Capital Structure Board AGAINST 4
Lakeside Holding Limited November 25, 2025 Proposal 2 Capital Structure Board AGAINST 4
Lakeside Holding Limited November 25, 2025 Proposal 6 Capital Structure Board AGAINST 4
Lakeside Holding Limited February 12, 2026 To approve an amendment to the Company's Articles of Incorporation to authorize 1,000,000,000 shares of "blank check" preferred stock Capital Structure Board WITHHOLD 4
Lakeside Holding Limited February 12, 2026 To approve an amendment to the Company's articles of incorporation to increase authorized shares of common stock to 2,000,000,000 shares Capital Structure Board WITHHOLD 4
Lakeside Holding Limited February 12, 2026 To approve the sale of 100% of the issued and outstanding shares of American Bear Logistics Corp. Extraordinary Transactions Board WITHHOLD 4
Lantern Pharma Inc. September 19, 2025 Approval of one-time repricing of certain stock options granted under the Second Amended and Restated Lantern Pharma Inc. 2018 Equity Incentive Plan, as amended. Compensation Board AGAINST 4
LanzaTech Global, Inc. June 23, 2026 To approve, on an advisory (non-binding) basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 4
Lee Enterprises, Incorporated December 19, 2025 Approve an amendment to the Charter to authorize for issuance up to 10,500,000 shares of "blank check" preferred stock, without par value (the "Preferred Stock Proposal"). Capital Structure Board AGAINST 4
Lee Enterprises, Incorporated April 6, 2026 Approve to amend the 2020 Long-Term Incentive Plan. Compensation Board AGAINST 4
Lendway, Inc. November 19, 2025 Election of Directors: Nicholas J. Swenson Director Elections Board WITHHOLD 4
Lendway, Inc. November 19, 2025 To amend the certificate of incorporation to increase the number of authorized shares of common stock to 10,000,000 shares. Capital Structure Board AGAINST 4
Liberty Media Corporation May 11, 2026 Election of Directors: Derek Chang Director Elections Board WITHHOLD 4
Lincoln National Corporation May 28, 2026 The approval of an advisory resolution on the compensation of our named executive officers. Say-on-Pay Board AGAINST 4
Lingbao Gold Group Company Ltd. May 19, 2026 Approve BDO Limited as International Auditors and BDO China Shu Lun Pan CPA as PRC Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 4
Lingbao Gold Group Company Ltd. May 19, 2026 Approve General Mandate to Issue New Shares Capital Structure Board AGAINST 4
Lingbao Gold Group Company Ltd. May 19, 2026 Authorize Board to Issue Debt Financing Instruments Capital Structure Board AGAINST 4
Lipocine Inc. June 3, 2026 Election of Directors: Mahesh V. Patel Director Elections Board WITHHOLD 4
LiveOne, Inc. September 8, 2025 Election of Directors: Jay Krigsman Director Elections Board WITHHOLD 4
Log Commercial Properties e Participacoes SA April 17, 2026 Approve Remuneration of Company's Management and Fiscal Council Compensation Board AGAINST 4
Log Commercial Properties e Participacoes SA April 17, 2026 As an Ordinary Shareholder, Would You Like to Request a Separate Election of a Member of the Fiscal Council, Under the Terms of Article 161 of the Brazilian Corporate Law? Director Elections Board ABSTAIN 4
Lowe's Companies, Inc. May 29, 2026 Shareholder Proposal requesting a report describing how the Company could disclose its plastic packaging footprint. Environment or Climate Shareholder Against FOR 4
Lunai Bioworks, Inc. October 31, 2025 To approve proposed amendments to the Renovaro Biosciences, Inc. 2023 Equity Incentive Plan, as amended, in substantially the form attached to the proxy statement as Annex A (the "Incentive Plan Proposal"); and Compensation Board AGAINST 4
MAKUS, Inc. March 27, 2026 Elect Lee Dong-guk as Outside Director Director Elections Board AGAINST 4
MIRA Pharmaceuticals, Inc. September 11, 2025 Approve certain amendments to the Company's 2022 Omnibus Incentive Plan (the "Plan") ("Plan Amendment Proposal" or "Proposal 4"); and Compensation Board AGAINST 4
MONTEA NV May 19, 2026 Approve Remuneration Policy Compensation Board AGAINST 4
Mawson Infrastructure Group Inc. October 15, 2025 Advisory and non-binding vote to approve the compensation paid to the Company's named executive officers. Say-on-Pay Board AGAINST 4
MaxLinear, Inc. May 20, 2026 To approve an amendment and restatement of the MaxLinear, Inc. Amended and Restated 2010 Equity Incentive Plan, including approval of a new ten-year term and an increase in the number of shares reserved thereunder by 3,204,107. Compensation Board AGAINST 4
MediaCo Holding Inc. August 8, 2025 Election of Director: Colbert Cannon Director Elections Board WITHHOLD 4
MediciNova, Inc. June 23, 2026 To approve an amendment to the Company's Restated Certificate of Incorporation to increase the number of shares of common stock that the Company is authorized to issue from 100,000,000 to 247,000,000. Capital Structure Board AGAINST 4
MeiraGTx Holdings Plc June 11, 2026 Election of Directors: Debra Yu, M.D. Director Elections Board WITHHOLD 4
Mercurity Fintech Holding Inc. September 15, 2025 Approve Omnibus Stock Plan Compensation Board AGAINST 4
Mercurity Fintech Holding Inc. September 15, 2025 Elect Director Qian Sun Director Elections Board AGAINST 4
Mercurity Fintech Holding Inc. September 15, 2025 Elect Director Shi Qiu Director Elections Board AGAINST 4
Mercurity Fintech Holding Inc. September 15, 2025 Elect Director Wilfred Daye Director Elections Board AGAINST 4
Millicom International Cellular SA May 20, 2026 Reelect Jules Niel as Director Director Elections Board AGAINST 4
Millicom International Cellular SA May 20, 2026 Reelect Maxime Lombardini as Chair of the Board Director Elections Board AGAINST 4
Millicom International Cellular SA May 20, 2026 Reelect Maxime Lombardini as Director Director Elections Board AGAINST 4
Millicom International Cellular SA May 20, 2026 Reelect Pierre Alain Allemand as Director Director Elections Board AGAINST 4
Millicom International Cellular SA May 20, 2026 Reelect Pierre-Emmanuel Durand as Director Director Elections Board AGAINST 4
Minerva Neurosciences, Inc. December 22, 2025 To approve, for purposes of complying with Nasdaq Listing Rules, including Rule 5635(d), the issuance of shares of Common Stock upon the conversion of the Company's Series A Convertible Voting Preferred Stock, par value $0.0001 per share ("Series A Preferred Stock"), including shares of Common Stock issuable upon the conversion of any Series A Preferred Stock issuable upon exercise of warrants to purchase Series A Preferred Stock. Capital Structure Board AGAINST 4
Modular Medical, Inc. January 23, 2026 To approve an amendment to the Amended and Restated 2017 Equity Incentive Plan to increase by 3,000,000 the number of shares of common stock available for issuance. Compensation Board AGAINST 4
Montrose Environmental Group, Inc. May 6, 2026 To elect three directors to our Board of Directors to hold office until the Company's 2027 annual meeting of stockholders, or until their successors are duly elected and qualified: Vincent P. Colman Director Elections Board WITHHOLD 4
MultiSensor AI Holdings, Inc. June 12, 2026 To approve an amendment to the Company's 2023 Incentive Award Plan to increase the number of shares of common stock reserved for issuance pursuant to awards. Compensation Board AGAINST 4
NAURA Technology Group Co., Ltd. May 11, 2026 Elect Dong Boyu as Director Director Elections Board AGAINST 4
NAURA Technology Group Co., Ltd. May 11, 2026 Elect Feng Qian as Director Director Elections Board AGAINST 4
NAURA Technology Group Co., Ltd. May 11, 2026 Elect Ji Ankuan as Director Director Elections Board AGAINST 4
NAURA Technology Group Co., Ltd. May 11, 2026 Elect Li Rui as Director Director Elections Board AGAINST 4
NAURA Technology Group Co., Ltd. May 11, 2026 Elect Tao Haihong as Director Director Elections Board AGAINST 4
NAURA Technology Group Co., Ltd. May 11, 2026 Elect Zhao Jinrong as Director Director Elections Board AGAINST 4
NAURA Technology Group Co., Ltd. May 11, 2026 Elect Zong Yuran as Director Director Elections Board AGAINST 4
NRX Pharmaceuticals, Inc. March 23, 2026 Approve an amendment to the NRx Pharmaceuticals, Inc. 2021 Omnibus Incentive Plan. Compensation Board AGAINST 4
Nabors Industries Ltd. June 2, 2026 Approval, on a non-binding, advisory basis, of the compensation paid by the Company to its named executive officers. Say-on-Pay Board AGAINST 4
National Securities Depository Ltd. September 29, 2025 Approve KANJ & Co. LLP as Secretarial Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 4
Natural Health Trends Corp. May 7, 2026 Election of Directors: Ching C. Wong Director Elections Board WITHHOLD 4
Navigator Holdings Ltd. June 15, 2026 Elect Director Peter Stokes Director Elections Board WITHHOLD 4
NeoVolta, Inc. December 10, 2025 Election of Directors: Susan Snow Director Elections Board WITHHOLD 4
Neptune Insurance Holdings Inc. May 28, 2026 Election of two Class I directors: Trevor Burgess Director Elections Board WITHHOLD 4
NeuroOne Medical Technologies Corporation April 3, 2026 Approval of the amendment to the NeuroOne Medical Technologies Corporation 2025 Equity Incentive Plan. Compensation Board AGAINST 4
NewAmsterdam Pharma Company N.V. June 2, 2026 Extension of authorization for the Board of Directors to limit or exclude pre-emption rights. Capital Structure Board AGAINST 4
Newell Brands Inc. May 7, 2026 Approve an advisory resolution on named executive officer compensation. Say-on-Pay Board AGAINST 4
NexGen Energy Ltd. June 30, 2026 Elect Director Richard Patricio Director Elections Board WITHHOLD 4
Nexalin Technology, Inc. July 15, 2025 Election of Directors: Leslie Bernhard Director Elections Board WITHHOLD 4
Next Vision Stabilized Systems Ltd. August 21, 2025 Reappoint Ziv Haft as Auditors and Report Fees Paid to Auditors Audit-related Board AGAINST 4
NextCure, Inc. June 18, 2026 Approval of an amendment and restatement of the Company's 2019 Omnibus Incentive Plan to, among other items, increase the number of shares of common stock authorized for issuance thereunder. Compensation Board AGAINST 4
Ningbo Sanxing Medical Electric Co., Ltd. May 15, 2026 Approve Provision of Guarantees Capital Structure Board AGAINST 4
Nixxy, Inc. December 23, 2025 To approve Nixxy Inc.'s 2025 Equity Incentive Plan (the "2025 Plan Approval"). Compensation Board AGAINST 4
Nixxy, Inc. December 23, 2025 To elect all seven (7) directors: Lillian Mbeki Director Elections Board AGAINST 4
Norconsult ASA May 4, 2026 Elect Nils Morten Huseby (Chair), Karl Erik Kjelstad (Vice Chair), Mari Thjomoe, Lars-Petter Nesvag and Annette Sandra Angelica Kuru as Directors; Elect Birgitte Engebretsen as New Director Director Elections Board AGAINST 4
Nordex SE May 5, 2026 Approve Remuneration Report Compensation Board AGAINST 4
Novavax, Inc. June 18, 2026 The approval, on an advisory basis, of the compensation of our Named Executive Officers. Say-on-Pay Board AGAINST 4
Nutex Health Inc. July 14, 2025 To approve an amendment to the 2023 Equity Incentive Plan to increase the number of shares available for issuance; Compensation Board AGAINST 4
Nutriband Inc. January 24, 2026 Adopt and approve the Company's Amendment to its Articles of Incorporation that would increase the number of authorized preferred shares from 10,000,000 to 20,000,000. Capital Structure Board AGAINST 4
Nutriband Inc. January 24, 2026 Election of Directors: Mark Hamilton Director Elections Board WITHHOLD 4
OFILM Group Co., Ltd. August 14, 2025 Amend 2023 Stock Option Incentive Plan and 2024 Performance Share Incentive Plan and Stock Option Incentive Plan Compensation Board AGAINST 4
OFILM Group Co., Ltd. February 12, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 4
ONEX Corporation May 14, 2026 Advisory Vote on Executive Compensation Approach Compensation Board AGAINST 4
ORION Corp. (Korea) March 26, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 4
Old Point Financial Corporation July 2, 2025 To approve, on an advisory (non-binding) basis, the merger-related compensation payments that will or may be paid to Old Point's named executive officers in connection with the merger. Say-on-Pay Board AGAINST 4
OnKure Therapeutics, Inc. June 3, 2026 To amend and restate the OnKure Therapeutics, Inc. 2024 Equity Incentive Plan to, among other things, increase the number of shares of our Class A Common Stock reserved for issuance by approximately 8% of our outstanding shares and remove the annual limit of 2,407,100 shares (after giving effect to the 1:10 reverse stock split effected on October 4, 2024) from the "evergreen" provision. Compensation Board AGAINST 4
One Stop Systems, Inc. May 13, 2026 To approve an amendment to our 2017 Equity Incentive Plan, as amended to date (the "2017 Plan"), to increase the number of shares of the Company's common stock authorized for issuance thereunder from 5,000,000 shares to 7,000,000 shares, pursuant to the terms and conditions of the 2017 Plan. Compensation Board AGAINST 4
One Stop Systems, Inc. May 13, 2026 To approve, on a non-binding advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 4
Open Text Corporation December 9, 2025 Advisory Vote on Executive Compensation Approach Compensation Board AGAINST 4
Open Text Corporation December 9, 2025 Elect Director Annette Rippert Director Elections Board AGAINST 4
Open Text Corporation December 9, 2025 Elect Director David Fraser Director Elections Board AGAINST 4
Open Text Corporation December 9, 2025 Elect Director Goldy Hyder Director Elections Board AGAINST 4
Ovid Therapeutics Inc. June 10, 2026 Election of Class III director: Jeremy M. Levin, DPhil, MB BChir Director Elections Board WITHHOLD 4
PENN Entertainment, Inc. June 16, 2026 Approval of the third amendment to our 2022 Long-Term Incentive Compensation Plan. Compensation Board AGAINST 4
PERSOL Holdings Co., Ltd. June 23, 2026 Elect Director and Audit Committee Member Tomoda, Kazuhiko Director Elections Board AGAINST 4
PT Bumi Resources Tbk November 19, 2025 Approve Changes in the Boards of the Company Director Elections Board AGAINST 4
Palisade Bio, Inc. June 10, 2026 To approve equity award grants to our non-employee directors. Compensation Board AGAINST 4
Palisade Bio, Inc. June 10, 2026 To approve the Amended and Restated Palisade Bio, Inc. 2021 Equity Incentive Plan. Compensation Board AGAINST 4
Palisade Bio, Inc. June 10, 2026 To approve, on a non-binding advisory basis, the compensation of our named executive officers, as disclosed in the proxy statement. Say-on-Pay Board AGAINST 4

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Built November 1, 2026 from SEC Form N-PX filings.