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Fidelity 2025-2026: where it broke with the board

At least 6,052 proposals in the 2025-2026 proxy season: Fidelity voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 52 shareholder proposals, by its own Form N-PX filings.

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
Zedge, Inc. January 14, 2026 Election of Directors: Howard S. Jonas Director Elections Board AGAINST 3
Zedge, Inc. January 14, 2026 Election of Directors: Mark Ghermezian Director Elections Board AGAINST 3
Zedge, Inc. January 14, 2026 To approve an amendment to the Zedge, Inc. 2016 Stock Option and Incentive Plan that will increase the number of shares of the Company's Class B Common Stock available for the grant of awards thereunder by 150,000. Compensation Board AGAINST 3
Zhejiang Sanhua Intelligent Controls Co., Ltd. June 29, 2026 Elect Shi Jianhui as Director Director Elections Board AGAINST 3
Zhongsheng Group Holdings Limited June 17, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 3
Zijin Gold International Co., Ltd. May 29, 2026 Authorize Board to Fix Remuneration of Directors Compensation Board AGAINST 3
Zoetis Inc. May 20, 2026 Advisory vote to approve our executive compensation. Say-on-Pay Board (inferred) AGAINST 3
Zylox-Tonbridge Medical Technology Co., Ltd. May 13, 2026 Amend 2021 H Share Award and Trust Scheme Compensation Board AGAINST 3
Zylox-Tonbridge Medical Technology Co., Ltd. May 13, 2026 Approve Grant of General Mandate to the Board to Issue or Otherwise Deal with Ordinary Shares Capital Structure Board AGAINST 3
doValue SpA April 28, 2026 Approve Long-Term Incentive Plan 2026 Compensation Board AGAINST 3
doValue SpA April 28, 2026 Approve Remuneration Policy Compensation Board AGAINST 3
doValue SpA April 28, 2026 Approve Share Value Plan for the Group Chief Executive Officer Compensation Board AGAINST 3
doValue SpA April 28, 2026 Elect Francesco Maria Pansa as Director Director Elections Board AGAINST 3
tonies SE May 27, 2026 Approve Remuneration Report Compensation Board AGAINST 3
180 Life Sciences Corp. July 24, 2025 Approval of the adoption of the Fourth Amendment to the 180 Life Sciences Corp. 2022 Omnibus Incentive Plan Compensation Board AGAINST 2
180 Life Sciences Corp. July 24, 2025 Election of Directors: Lawrence Steinman, M.D. Director Elections Board WITHHOLD 2
60 Degrees Pharmaceuticals, Inc. October 8, 2025 To approve an amendment to the 60 Degrees Pharmaceuticals, Inc. 2022 Equity Incentive Plan (the "2022 Plan") to increase the number of shares of common stock available for issuance by 250,000 shares. Compensation Board AGAINST 2
A.P. Moller-Maersk A/S March 25, 2026 Reelect Robert Maersk Uggla as Director Director Elections Board ABSTAIN 2
ABG Sundal Collier Holding ASA April 16, 2026 Approve Remuneration Statement Compensation Board AGAINST 2
ABG Sundal Collier Holding ASA April 16, 2026 Reelect Arild A. Engh as Director Director Elections Board AGAINST 2
ABG Sundal Collier Holding ASA April 16, 2026 Reelect Knut Brundtland (Chair) as Director Director Elections Board AGAINST 2
ADC Therapeutics SA June 1, 2026 Approving an amendment to increase the number of shares authorized under the 2019 Equity Incentive Plan The Board of Directors proposes that an amendment to increase the number of shares authorized under 2019 Equity Incentive Plan be approved. Compensation Board AGAINST 2
ADC Therapeutics SA June 1, 2026 The Board of Directors proposes that the amendments to article 4b paragraph 1 of the articles of association to increase the Company's conditional share capital for employee participation from 9,887,629 common shares (CHF 791,010.32) to 16,836,253 common shares (CHF 1,346,900.24) be approved. Capital Structure Board AGAINST 2
ADTRAN Holdings, Inc. July 24, 2025 Election of Directors: Balan Nair Director Elections Board AGAINST 2
AEDAS Homes SA July 3, 2025 Advisory Vote on Remuneration Report Compensation Board AGAINST 2
AEDAS Homes SA July 3, 2025 Reelect Milagros Mendez Urena as Director Director Elections Board AGAINST 2
AIA Group Limited May 22, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
AIM ImmunoTech Inc. December 16, 2025 To approve, on a non-binding advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 2
AIT Corp. May 21, 2026 Appoint Statutory Auditor Nishijima, Yoshio Compensation Board AGAINST 2
AIT Corp. May 21, 2026 Approve Director Retirement Bonus Compensation Board AGAINST 2
AO World Plc September 15, 2025 Approve Remuneration Policy Compensation Board AGAINST 2
AO World Plc September 15, 2025 Re-elect Geoff Cooper as Director Director Elections Board ABSTAIN 2
ARB Corporation Limited October 16, 2025 Elect Robert Fraser as Director Director Elections Board AGAINST 2
ATOSS Software SE April 30, 2026 Approve Remuneration Report Compensation Board AGAINST 2
ATOSS Software SE April 30, 2026 Elect Klaus Bauer to the Supervisory Board Director Elections Board AGAINST 2
ATOSS Software SE April 30, 2026 Elect Rolf Vielhauer von Hohenhau to the Supervisory Board Director Elections Board AGAINST 2
ATRESMEDIA Corporacion de Medios de Comunicacion SA April 22, 2026 Advisory Vote on Remuneration Report Compensation Board AGAINST 2
ATRESMEDIA Corporacion de Medios de Comunicacion SA April 22, 2026 Approve Long-Term Incentive Plan Compensation Board AGAINST 2
ATRESMEDIA Corporacion de Medios de Comunicacion SA April 22, 2026 Approve Remuneration Policy Compensation Board AGAINST 2
AXYZ Co., Ltd. September 17, 2025 Elect Director Ijichi, Takamasa Director Elections Board AGAINST 2
Abbisko Cayman Limited May 20, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
Abbisko Cayman Limited May 20, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
Abbott Laboratories April 24, 2026 Say on Pay - An Advisory Vote on the Approval of Executive Compensation Say-on-Pay Board (inferred) AGAINST 2
Abu Dhabi National Oil Co. for Distribution PJSC March 31, 2026 Ratify Appointment of Nasir Al Muheeri as Director Director Elections Board AGAINST 2
Accent Group Limited November 21, 2025 Approve Remuneration Report Compensation Board AGAINST 2
Acea SpA June 3, 2026 Approve Second Section of the Remuneration Report Compensation Board AGAINST 2
Aclarion, Inc. July 21, 2025 Election of Directors: Stephen Deitsch Director Elections Board WITHHOLD 2
Aclarion, Inc. July 21, 2025 The ratification of the appointment of Haynie & Company as the Company's independent registered public accounting firm for the year ending December 31, 2025. Audit-related Board AGAINST 2
Aclarion, Inc. July 21, 2025 To approve an amendment to the Company's 2022 Equity Incentive Plan. Compensation Board AGAINST 2
Aclarion, Inc. June 4, 2026 To approve an amendment to the Company's 2022 Equity Incentive Plan. Compensation Board AGAINST 2
Aclaris Therapeutics, Inc. June 4, 2026 Election of Directors: Anand Mehra, M.D. Director Elections Board WITHHOLD 2
Aclaris Therapeutics, Inc. June 4, 2026 Election of Directors: Maxine Gowen, Ph.D. Director Elections Board WITHHOLD 2
Aditxt, Inc. February 13, 2026 To approve an amendment to our 2021 Omnibus Equity Incentive Plan (the "2021 Plan") to increase the number of shares of common stock issuable thereunder to 350,000 shares from 3 shares (the "Equity Incentive Proposal"). Compensation Board AGAINST 2
Aditxt, Inc. February 13, 2026 To approve the Company's 2025 Employee Stock Purchase Plan (the "ESPP Proposal"). Compensation Board AGAINST 2
Advanced Micro Devices, Inc. May 13, 2026 Approve on a non-binding, advisory basis the compensation of the named executive officers, as disclosed in the proxy statement pursuant to the compensation disclosure rules of the U.S. Securities and Exchange Commission. Say-on-Pay Board (inferred) AGAINST 2
AerSale Corporation June 11, 2026 Approval, on an advisory basis, of the Company's named executive officer compensation. Say-on-Pay Board (inferred) AGAINST 2
Aethlon Medical, Inc. February 19, 2026 To approve an amendment to our 2020 Equity Incentive Plan, as amended, to increase the number of shares of the Company's common stock authorized for issuance thereunder by 100,000 shares. Compensation Board AGAINST 2
Afcons Infrastructure Ltd. July 25, 2025 Approve Increase in Borrowing Limits Capital Structure Board AGAINST 2
Afcons Infrastructure Ltd. July 25, 2025 Approve Pledging of Assets for Debt Capital Structure Board AGAINST 2
African Rainbow Minerals Ltd. December 5, 2025 Approve Remuneration Implementation Report Compensation Board AGAINST 2
African Rainbow Minerals Ltd. December 5, 2025 Re-elect Anton Botha as Member of the Audit and Risk Committee Director Elections Board AGAINST 2
African Rainbow Minerals Ltd. December 5, 2025 Re-elect Frank Abbott as Member of the Audit and Risk Committee Director Elections Board AGAINST 2
African Rainbow Minerals Ltd. December 5, 2025 Re-elect Tom Boardman as Chairman of the Audit and Risk Committee Director Elections Board AGAINST 2
African Rainbow Minerals Ltd. December 5, 2025 Re-elect Tom Boardman as Director Director Elections Board AGAINST 2
Agility Public Warehousing Co. KSC May 10, 2026 Authorize Issuance of Bonds/Sukuk and Authorize Board to Determine the Type, Nominal Value, Profits, Tenure of the Bonds, Set the Terms of Issuance and to Obtain Authorities Approval Capital Structure Board AGAINST 2
Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim AS July 8, 2025 Approve Director Remuneration Compensation Board AGAINST 2
Aichi Electric Co., Ltd. June 26, 2026 Elect Director Kobayashi, Kazuo Director Elections Board AGAINST 2
Air France-KLM SA June 3, 2026 Reelect Florence Parly as Director Director Elections Board AGAINST 2
Aker Solutions ASA April 16, 2026 Approve Remuneration Statement (Advisory Vote) Compensation Board AGAINST 2
Aker Solutions ASA April 16, 2026 Authorize Share Repurchase Program for the Purpose of Investment or for Subsequent Sale or Deletion of Shares Capital Structure Board AGAINST 2
Aker Solutions ASA April 16, 2026 Authorize Share Repurchase Program in Connection with Acquisitions, Mergers, Demergers or Other Transactions Capital Structure Board AGAINST 2
Aker Solutions ASA April 16, 2026 Elect Harald Thorstein as New Director Director Elections Board AGAINST 2
Akeso, Inc. June 29, 2026 Authorize Board to Fix Remuneration of Directors Compensation Board AGAINST 2
Akeso, Inc. June 29, 2026 Elect Li Baiyong as Director Director Elections Board AGAINST 2
Akeso, Inc. June 29, 2026 Elect Wang Zhongmin Maxwell as Director Director Elections Board AGAINST 2
Akeso, Inc. June 29, 2026 Elect Xie Ronggang as Director Director Elections Board AGAINST 2
Albertsons Companies, Inc. August 7, 2025 Stockholder Proposal Regarding Food Waste Reporting. Environment or Climate Shareholder Against FOR 2
Albertsons Companies, Inc. August 7, 2025 Stockholder Proposal for a Report on Human Rights Policy and Human Rights Due Diligence. Human Rights or Human Capital/workforce Shareholder Against FOR 2
Aldrees Petroleum & Transport Services Co. March 2, 2026 Ratify Auditors and Fix Their Remuneration for Q2, Q3, and Annual Statements of FY 2026 and Q1 of FY 2027 Audit-related Board AGAINST 2
Alembic Pharmaceuticals Limited August 5, 2025 Approve Reappointment and Remuneration of Pranav Amin as Managing Director Compensation Board AGAINST 2
Algorhythm Holdings, Inc. November 20, 2025 To approve an amendment to the Company's 2022 Equity Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder to 5,000,000. Compensation Board AGAINST 2
Alkami Technology, Inc. May 19, 2026 To elect the three nominees for director named herein to serve as Class II directors to hold office until the 2029 Annual Meeting of Stockholders or until their respective successors are duly elected and qualified: Charles Kane Director Elections Board WITHHOLD 2
Allfunds Group Plc May 7, 2026 Approve Remuneration Report Compensation Board AGAINST 2
Alliance Bank Malaysia Berhad July 30, 2025 Approve Allocation of Shares under the Proposed LTIP to Kellee Kam Chee Khiong Compensation Board AGAINST 2
Alliance Bank Malaysia Berhad July 30, 2025 Approve Proposed Establishment of a Long-Term Incentive Plan in the Form of Share Issuance Scheme and Share Grant Scheme Compensation Board AGAINST 2
Almirall SA May 8, 2026 Amend Article 19 Re: Issuance of Bonds Capital Structure Board AGAINST 2
Almirall SA May 8, 2026 Amend Article 20 Re: Convertible Bonds Capital Structure Board AGAINST 2
Alpha HPA Limited November 24, 2025 Elect Rimas Kairaitis as Director Director Elections Board AGAINST 2
Alten SA June 18, 2026 Reelect Jean-Philippe Collin as Director Director Elections Board AGAINST 2
Alteogen, Inc. March 31, 2026 Elect Kim Hang-yeon as Inside Director Director Elections Board AGAINST 2
Alvotech June 3, 2026 Approve Remuneration Report Compensation Board AGAINST 2
Alzamend Neuro, Inc. April 17, 2026 Election of Directors: Mark Gustafson Director Elections Board AGAINST 2
Alzchem Group AG May 5, 2026 Approve Remuneration Report Compensation Board AGAINST 2
Ambev SA April 30, 2026 In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? Director Elections Board ABSTAIN 2
Amer Sports, Inc. May 14, 2026 Elect Director Bruno Salzer Director Elections Board AGAINST 2
Ameren Corporation May 14, 2026 COMPANY PROPOSAL - RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2026. Audit-related Board AGAINST 2
American Water Works Company, Inc. May 13, 2026 Approval, on an advisory basis, of the compensation of the Company's named executive officers. Say-on-Pay Board (inferred) AGAINST 2
Amphenol Corporation May 21, 2026 Advisory vote to approve compensation of named executive officers Say-on-Pay Board (inferred) AGAINST 2
Amplifon SpA April 23, 2026 Approve Remuneration Policy Compensation Board AGAINST 2
Amplifon SpA April 23, 2026 Approve Second Section of the Remuneration Report Compensation Board AGAINST 2

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