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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
MPI Corp. June 17, 2026 Elect CARL LEE (Li, Tu-Cheng) with SHAREHOLDER NO.00000001 as Non-independent Director Director Elections Board AGAINST 3
MPI Corp. June 17, 2026 Elect KAO CHIN-CHENG with SHAREHOLDER NO.00000125 as Non-independent Director Director Elections Board AGAINST 3
MPI Corp. June 17, 2026 Elect LIU FANG-SHENG with SHAREHOLDER NO.00000161 as Non-independent Director Director Elections Board AGAINST 3
MPI Corp. June 17, 2026 Elect SCOTT KUO, a Representative of MPI INVESTMENT CO., LTD. with SHAREHOLDER NO.00000163 as Non-independent Director Director Elections Board AGAINST 3
MPI Corp. June 17, 2026 Elect STEVE CHEN, a Representative of MPI INVESTMENT CO., LTD. with SHAREHOLDER NO.00000163 as Non-independent Director Director Elections Board AGAINST 3
MacKenzie Realty Capital, Inc. November 17, 2025 To vote for the election of directors: THOMAS FRAME Director Elections Board WITHHOLD 3
MakeMyTrip Limited September 11, 2025 Reelect Director Mohit Kabra Director Elections Board AGAINST 3
MakeMyTrip Limited September 11, 2025 Reelect Director Savinilorna Payandi Pillay Ramen Director Elections Board AGAINST 3
Manappuram Finance Limited August 14, 2025 Approve Grant of Options to the Employees of the Subsidiary Company of the Company Under Manappuram Finance Limited - Employee Stock Option Scheme 2025 Compensation Board AGAINST 3
Manappuram Finance Limited August 14, 2025 Approve Manappuram Finance Limited - Employee Stock Option Scheme 2025 Compensation Board AGAINST 3
Mandatum Oyj May 12, 2026 Reelect Patrick Lapvetelainen (Chair), Jannica Fagerholm (Vice Chair), Markus Aho, Herman Korsgaard, Kimmo Laaksonen, Johanna Lamminen, Jukka Ruuska and Louise Sander as Directors Director Elections Board AGAINST 3
Mastech Digital, Inc. May 13, 2026 A non-binding advisory vote on the compensation of the named executive officers of the Company ("Say on Pay"). Say-on-Pay Board AGAINST 3
Mastech Digital, Inc. May 13, 2026 Vote to approve the amendment to the Company's Stock Incentive Plan, as amended and restated (the "Plan"), to allow for the issuance of restricted stock units ("RSUs"). Compensation Board AGAINST 3
Match Group, Inc. June 16, 2026 To approve a non-binding advisory resolution on executive compensation. Say-on-Pay Board AGAINST 3
Max Stock Ltd. September 18, 2025 Reelect Erez Nachum as Director Director Elections Board AGAINST 3
Max Stock Ltd. September 18, 2025 Reelect Guy Gissin as Director Director Elections Board AGAINST 3
Max Stock Ltd. September 18, 2025 Reelect Limor Brik-Shay as Director Director Elections Board AGAINST 3
Max Stock Ltd. September 18, 2025 Reelect Ori Max as Director Director Elections Board AGAINST 3
Max Stock Ltd. September 18, 2025 Reelect Zehavit Cohen as Director Director Elections Board AGAINST 3
Medical Properties Trust, Inc. May 28, 2026 To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 3
Medikit Co., Ltd. June 25, 2026 Appoint Statutory Auditor Oshima, Shuji Compensation Board AGAINST 3
Medistim ASA May 6, 2026 Approve Remuneration Policy And Other Terms of Employment For Executive Management Compensation Board AGAINST 3
Medistim ASA May 6, 2026 Reelect Peder Strand as Director Director Elections Board AGAINST 3
Mega Matrix Inc. August 15, 2025 RESOLVED as an ordinary resolution that the authorized share capital of the Company be increased from US$120,000, divided into (i) 100,000,000 class A ordinary shares of par value US$0.001 each, (ii) 10,000,000 class B ordinary shares of par value US$0.001 each, and (iii) 10,000,000 preferred shares of par value US$0.001 each, to US$1,110,000, divided into: (i) 1,000,000,000 class A ordinary shares of par value US$0.001 each, (ii) 50,000,000 class B ordinary shares of par value US$0.001 each, (iii) 50,000,000 class C ordinary shares of par value US$0.001 each, and (iv) 10,000,000 preferred shares of par value US$0.001 each, by an addition of 900,000,000 class A ordinary shares of par value US$0.001 each, and 40,000,000 class B ordinary shares of par value US$0.001 each, and the creation of a new share class comprising of 50,000,000 class C ordinary shares of par value US$0.001 each, with the rights and privileges as set out in the proposed Third Amended and Restated Memorandum and Articles of Association of the Company ("Increase of Authorized Share Capital") with immediate effect. Capital Structure Board AGAINST 3
Mega Matrix Inc. August 15, 2025 Resolved as an ordinary resolution that the Mega Matrix Inc. 2025 Equity Incentive Plan in the form set forth in Annex B to the proxy statement be approved and adopted in all respects Compensation Board AGAINST 3
Meituan June 26, 2026 Authorize Board to Fix Remuneration of Directors Compensation Board AGAINST 3
Melexis NV May 12, 2026 Ratify EY, Represented by Olaf Janssen, as Auditors of the Company and for Sustainability Reporting and Approve Their Remuneration Audit-related Board AGAINST 3
Mensch & Maschine Software SE May 12, 2026 Reelect Adi Drotleff as Director Director Elections Board AGAINST 3
Mensch & Maschine Software SE May 12, 2026 Reelect Heike Lies as Director Director Elections Board AGAINST 3
Mesoblast Limited November 25, 2025 Approve Employee Share Option Plan Compensation Board AGAINST 3
Mesoblast Limited November 25, 2025 Approve Issuance of Options to Eric Rose Compensation Board AGAINST 3
Mesoblast Limited November 25, 2025 Approve Issuance of Options to Gregory George Compensation Board AGAINST 3
Mesoblast Limited November 25, 2025 Approve Issuance of Options to Lyn Cobley Compensation Board AGAINST 3
Mesoblast Limited November 25, 2025 Approve Issuance of Options to Philip Krause Compensation Board AGAINST 3
Mesoblast Limited November 25, 2025 Approve Remuneration Report Compensation Board AGAINST 3
Mesoblast Limited November 25, 2025 Elect Eric Rose as Director Director Elections Board AGAINST 3
MetaVia Inc. June 8, 2026 Approve the First Amendment to our 2022 Equity Incentive Plan. Compensation Board AGAINST 3
Milestone Scientific Inc. December 18, 2025 Election of Directors: Benedetta I. Casamento Director Elections Board WITHHOLD 3
Milestone Scientific Inc. December 18, 2025 Election of Directors: Dr. Didier Demesmin Director Elections Board WITHHOLD 3
Minera Alamos Inc. June 25, 2026 Amend Omnibus Incentive Plan Compensation Board AGAINST 3
Minera Alamos Inc. June 25, 2026 Elect Director Bruce Durham Director Elections Board WITHHOLD 3
Minera Alamos Inc. June 25, 2026 Elect Director Jason Kosec Director Elections Board WITHHOLD 3
Minera Alamos Inc. June 25, 2026 Elect Director Ruben Padilla Director Elections Board WITHHOLD 3
Minera Alamos Inc. June 25, 2026 Re-approve Omnibus Incentive Plan Compensation Board AGAINST 3
Mitani Sekisan Co., Ltd. June 24, 2026 Approve Director Retirement Bonus Compensation Board AGAINST 3
Mitani Sekisan Co., Ltd. June 24, 2026 Elect Director Mitani, Shinji Director Elections Board AGAINST 3
Modiv Industrial, Inc. July 23, 2025 Election of Directors: Kimberly Smith Director Elections Board WITHHOLD 3
Momentus Inc. May 19, 2026 To approve an amendment to our 2021 Equity Incentive Plan to increase the annual evergreen percentage increase to the number of shares available for issuance thereunder. Compensation Board AGAINST 3
Momentus Inc. May 19, 2026 To approve an amendment to our 2021 Equity Incentive Plan to increase the number of shares available for issuance thereunder. Compensation Board AGAINST 3
Moriya Transportation Engineering & Manufacturing Co., Ltd. June 25, 2026 Elect Director Moriya, Sadao Director Elections Board AGAINST 3
Motorsport Games Inc. April 23, 2026 Election of Directors: Nominees (Class II directors): John Delta Director Elections Board WITHHOLD 3
Movano Inc. December 16, 2025 To approve an amendment to our Amended and Restated 2019 Omnibus Incentive Plan increasing the number of shares reserved for issuance thereunder by 500,000 shares. Compensation Board AGAINST 3
Mowi ASA June 3, 2026 Reelect Peder Strand (Deputy Chair) as Director Director Elections Board AGAINST 3
Mr Bricolage SA December 17, 2025 Ratify Appointment of David Simon as Director Director Elections Board AGAINST 3
Mr Bricolage SA December 17, 2025 Ratify Appointment of Sylvie Moreau as Director Director Elections Board AGAINST 3
Mr Bricolage SA April 29, 2026 Authorize up to 2 Percent of Issued Capital for Use in Stock Option Plans Compensation Board AGAINST 3
Mr Bricolage SA April 29, 2026 Elect Nicolas Meier as Director Director Elections Board AGAINST 3
Multiconsult ASA April 16, 2026 Approve Creation of NOK 1.4 Million Pool of Capital without Preemptive Rights Capital Structure Board AGAINST 3
Mustang Bio, Inc. December 22, 2025 Election of Directors: Lindsay A. Rosenwald, M.D. Director Elections Board WITHHOLD 3
NIDEC Corp. June 18, 2026 Elect Director Kishida, Mitsuya Director Elections Board AGAINST 3
NORBIT ASA May 20, 2026 Approve Creation of NOK 639,486.50 Pool of Capital without Preemptive Rights Capital Structure Board AGAINST 3
NORBIT ASA May 20, 2026 Approve Equity Plan Financing Through Issuance of Shares Compensation Board AGAINST 3
NORBIT ASA May 20, 2026 Approve Remuneration Statement Compensation Board AGAINST 3
Nabors Industries Ltd. June 2, 2026 ELECTION OF DIRECTORS: Tanya S. Beder Director Elections Board WITHHOLD 3
Nanobiotix SA June 9, 2026 Approve Compensation of Anne-Juliette Hermant, Management Board Member Say-on-Pay Board AGAINST 3
Nanobiotix SA June 9, 2026 Approve Compensation of Bartholomeus van Rhijn, Management Board Member Say-on-Pay Board AGAINST 3
Nanobiotix SA June 9, 2026 Approve Compensation of Laurent Levy, Chairman of the Management Board Say-on-Pay Board AGAINST 3
Nanobiotix SA June 9, 2026 Approve Compensation of Louis Kayitalire, Management Board Member Say-on-Pay Board AGAINST 3
Nanobiotix SA June 9, 2026 Approve Issuance of Equity or Equity-Linked Securities Reserved for Industrial Companies, Institutions or Entities Active in the Health or Biotechnology Sector, up to Aggregate Nominal Amount of EUR 1,452,302.54 Capital Structure Board AGAINST 3
Nanobiotix SA June 9, 2026 Approve Issuance of Equity or Equity-Linked Securities Reserved for Qualified Investors Active in the Health or Biotechnology Sector and Financial Institutions, up to Aggregate Nominal Amount of EUR 1,452,302.54 Capital Structure Board AGAINST 3
Nanobiotix SA June 9, 2026 Approve Issuance of Equity or Equity-Linked Securities Reserved for Specific Beneficiaries in the Framework of an Equity Line, up to Aggregate Nominal Amount of EUR 1,452,302.54 Capital Structure Board AGAINST 3
Nanobiotix SA June 9, 2026 Approve Issuance of Equity or Equity-Linked Securities for One or More Specifically Designated Persons up to 30 Percent of Issued Share Capital Capital Structure Board AGAINST 3
Nanobiotix SA June 9, 2026 Approve Issuance of Equity or Equity-Linked Securities for Private Placements up to Aggregate Nominal Amount of EUR 1,452,302.54 Capital Structure Board AGAINST 3
Nanobiotix SA June 9, 2026 Approve Issuance of up to 1,800,000 Warrants (BSA) Reserved for Specific Beneficiaries Compensation Board AGAINST 3
Nanobiotix SA June 9, 2026 Approve Remuneration Policy of Anne-Juliette Hermant, Management Board Member Compensation Board AGAINST 3
Nanobiotix SA June 9, 2026 Approve Remuneration Policy of Bartholomeus van Rhijn, Management Board Member Compensation Board AGAINST 3
Nanobiotix SA June 9, 2026 Approve Remuneration Policy of Laurent Levy, Chairman of the Management Board Compensation Board AGAINST 3
Nanobiotix SA June 9, 2026 Approve Remuneration Policy of Louis Kayitalire, Management Board Member Compensation Board AGAINST 3
Nanobiotix SA June 9, 2026 Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Items 19-21, 23 and 25-26 Capital Structure Board AGAINST 3
Nanobiotix SA June 9, 2026 Authorize Capital Increase of Up to EUR 1,452,302.54 for Future Exchange Offers Capital Structure Board AGAINST 3
Nanobiotix SA June 9, 2026 Authorize Capital Increase of up to 20 Percent of Issued Capital for Contributions in Kind Capital Structure Board AGAINST 3
Nanobiotix SA June 9, 2026 Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 1,452,302.54 Capital Structure Board AGAINST 3
Nanobiotix SA June 9, 2026 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 1,452,302.54 Capital Structure Board AGAINST 3
Nanobiotix SA June 9, 2026 Authorize Repurchase of Up to 10 Percent of Issued Share Capital Capital Structure Board AGAINST 3
Nanobiotix SA June 9, 2026 Authorize Up to 1,800,000 Shares for Use in Stock Option Plans Compensation Board AGAINST 3
Narayana Hrudayalaya Limited August 29, 2025 Approve Increase in the Limits for Providing Loans, Guarantee, Security and Making Investments under Section 186 of the Companies Act, 2013 Capital Structure Board AGAINST 3
National Beverage Corp. October 3, 2025 Election of Directors: Stanley M. Sheridan Director Elections Board WITHHOLD 3
National Industries Group (Holding) SAK April 30, 2026 Authorize Issuance of Bonds and Authorize Board to Set Terms of Issuance Capital Structure Board AGAINST 3
Nauticus Robotics, Inc. November 21, 2025 To approve an amendment to our Second Amended and Restated Certificate of Incorporation. Capital Structure Board AGAINST 3
Nauticus Robotics, Inc. May 27, 2026 Election of Directors: Dr. Adam Sharkawy Director Elections Board WITHHOLD 3
Nauticus Robotics, Inc. May 27, 2026 To approve an amendment to our 2022 Omnibus Incentive Plan. Compensation Board AGAINST 3
Navan, Inc. June 25, 2026 The election of the three Class I director nominees listed below: Ben Horowitz Director Elections Board WITHHOLD 3
Navan, Inc. June 25, 2026 The election of the three Class I director nominees listed below: Michael Kourey Director Elections Board WITHHOLD 3
Neinor Homes SA April 7, 2026 Reelect Alfonso Rodes Vila as Director Director Elections Board AGAINST 3
Neinor Homes SA April 7, 2026 Reelect Anna M. Birules Bertran as Director Director Elections Board AGAINST 3
Neinor Homes SA April 7, 2026 Reelect Borja Garcia-Egocheaga Vergara as Director Director Elections Board AGAINST 3
Neinor Homes SA April 7, 2026 Reelect Ricardo Marti Fluxa as Director Director Elections Board AGAINST 3
Nektar Therapeutics June 4, 2026 Election of Directors: Howard W. Robin Director Elections Board AGAINST 3
Nektar Therapeutics June 4, 2026 To approve an amendment to our Amended and Restated 2017 Performance Incentive Plan to increase the aggregate number of shares of common stock authorized for issuance under the plan by 3,000,000 shares. Compensation Board AGAINST 3
NetEase Cloud Music Inc. June 23, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 3

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