Home › Asset managers › First Trust › 2025-2026 › Against the board
4,352 proposals in the 2025-2026 proxy season: First Trust voted against, or withheld its votes from, 4,335 proposals put forward by company boards, and voted for 17 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal First Trust 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
4,352 proposals.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | First Trust voted | Funds |
|---|---|---|---|---|---|---|---|
| Kurimoto Ltd. | June 25, 2026 | Elect Director Kikumoto, Kazutaka | Director Elections | Board | AGAINST | 1 | |
| Kwality Walls (India) Ltd. | May 15, 2026 | Approve Appointment and Remuneration of Chitrank Goel as Executive Director Designated as Deputy Managing Director | Compensation | Board | AGAINST | 1 | |
| Kwality Walls (India) Ltd. | May 15, 2026 | Approve Appointment and Remuneration of Prashant Premrajka as Executive Director & Chief Financial Officer | Compensation | Board | AGAINST | 1 | |
| Kyocera Corp. | June 25, 2026 | Elect Director Sakushima, Shiro | Director Elections | Board | AGAINST | 1 | |
| Kyocera Corp. | June 25, 2026 | Elect Director Yamaguchi, Goro | Director Elections | Board | AGAINST | 1 | |
| Kyoei Steel Ltd. | June 24, 2026 | Appoint Statutory Auditor Sukegawa, Yasuhiro | Compensation | Board | AGAINST | 1 | |
| Kyoto Financial Group, Inc. | June 26, 2026 | Elect Director Doi, Nobuhiro | Director Elections | Board | AGAINST | 1 | |
| Kyung Dong Navien Co., Ltd. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 1 | |
| Kyung Dong Navien Co., Ltd. | March 26, 2026 | Authorize Board to Fix Remuneration of Internal Auditor(s) | Compensation | Board | AGAINST | 1 | |
| LARGAN Precision Co., Ltd. | June 9, 2026 | Approve Issuance of Restricted Stocks | Compensation | Board | AGAINST | 1 | |
| LE Lundbergforetagen AB | April 20, 2026 | Reelect Carl Bennet, Sofia Frandberg, Louise Lindh, Fredrik Lundberg, Katarina Martinson, Krister Mattsson, Sten Peterson, Lars Pettersson and Bo Selling (Chair) as Directors | Director Elections | Board | AGAINST | 1 | |
| LIC Housing Finance Limited | August 29, 2025 | Elect P. Masil Jeya Mohan as Independent Director | Director Elections | Board | AGAINST | 1 | |
| LIC Housing Finance Limited | August 29, 2025 | Elect Ratnakar Patnaik as Non-Executive Director | Director Elections | Board | AGAINST | 1 | |
| LIC Housing Finance Limited | August 29, 2025 | Elect T. C. Suseel Kumar as Independent Director | Director Elections | Board | AGAINST | 1 | |
| LIC Housing Finance Limited | August 29, 2025 | Reelect Akshay Rout as Director | Director Elections | Board | AGAINST | 1 | |
| LIC Housing Finance Limited | January 8, 2026 | Elect Doraiswamy Ramachandran as Director | Director Elections | Board | AGAINST | 1 | |
| LIGHTBRIDGE CORPORATION | May 14, 2026 | Approval on non-binding, advisory basis, of the compensation of the Company's named executive officers as disclosed in the proxy statement. | Say-on-Pay | Board | AGAINST | 1 | |
| LS Electric Co., Ltd. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 1 | |
| LTM Ltd. | June 1, 2026 | Approve Appointment and Remuneration of Vipul Chandra as Whole-Time Director | Compensation | Board | AGAINST | 1 | |
| LTM Ltd. | June 1, 2026 | Reelect R. Shankar Raman as Director | Director Elections | Board | AGAINST | 1 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Approve Compensation Report of Corporate Officers | Compensation | Board | AGAINST | 1 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Approve Compensation of Bernard Arnault, Chairman and CEO | Compensation | Board | AGAINST | 1 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Approve Remuneration Policy of Chairman and CEO | Compensation | Board | AGAINST | 1 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plans | Compensation | Board | AGAINST | 1 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Authorize up to 1 Percent of Issued Capital for Use in Stock Option Plans | Compensation | Board | AGAINST | 1 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Reelect Delphine Arnault as Director | Director Elections | Board | AGAINST | 1 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Reelect Laurent Mignon as Director | Director Elections | Board | AGAINST | 1 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Reelect Marie-Josee Kravis as Director | Director Elections | Board | AGAINST | 1 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Reelect Natacha Valla as Director | Director Elections | Board | AGAINST | 1 | |
| LYELL IMMUNOPHARMA, INC. | June 10, 2026 | Approval, on a non-binding advisory basis, of the compensation of the company's named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Landis+Gyr Group AG | June 26, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 1 | |
| Lee & Man Paper Manufacturing Limited | April 29, 2026 | Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 1 | |
| Lee & Man Paper Manufacturing Limited | April 29, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Lee & Man Paper Manufacturing Limited | April 29, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| Legacy Housing Corporation | December 18, 2025 | Election of Directors: Brian J. Ferguson | Director Elections | Board | AGAINST | 1 | |
| Legacy Housing Corporation | December 18, 2025 | Election of Directors: Jeffrey K. Stouder | Director Elections | Board | AGAINST | 1 | |
| Legend Holdings Corporation | June 26, 2026 | Approve Grant of General Mandate to the Board to Issue Shares | Capital Structure | Board | AGAINST | 1 | |
| Legend Holdings Corporation | June 26, 2026 | Approve PricewaterhouseCoopers as Independent Auditor and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 1 | |
| Lepu Biopharma Co., Ltd. | December 18, 2025 | Approve RSU Scheme and Related Transactions | Compensation | Board | AGAINST | 1 | |
| Lepu Biopharma Co., Ltd. | December 18, 2025 | Approve Scheme Mandate Limit and Related Transactions | Compensation | Board | AGAINST | 1 | |
| Li Auto Inc. | May 29, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Li Auto Inc. | May 29, 2026 | Approve PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as Independent Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 1 | |
| Li Auto Inc. | May 29, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| Light & Wonder, Inc. | June 10, 2026 | To approve the aggregate annual amount that may be paid or granted as the Company's non-employee director compensation (cash and equity) pursuant to and in accordance with ASX Listing Rule 10.17. | Compensation | Board | AGAINST | 1 | |
| 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 | 1 | |
| Lingbao Gold Group Company Ltd. | May 19, 2026 | Approve General Mandate to Issue New Shares | Capital Structure | Board | AGAINST | 1 | |
| Lingbao Gold Group Company Ltd. | May 19, 2026 | Authorize Board to Issue Debt Financing Instruments | Capital Structure | Board | AGAINST | 1 | |
| Lithium Argentina AG | June 19, 2026 | Approve Equity Incentive Plan | Compensation | Board | AGAINST | 1 | |
| Lithium Argentina AG | June 19, 2026 | Approve Remuneration Policy (Non-Binding) | Compensation | Board | AGAINST | 1 | |
| Lithium Argentina AG | June 19, 2026 | Approve Remuneration Report (Non-Binding) | Compensation | Board | AGAINST | 1 | |
| Lithium Argentina AG | June 19, 2026 | Ratify PricewaterhouseCoopers AG as Swiss Statutory Auditor | Audit-related | Board | AGAINST | 1 | |
| Lithium Argentina AG | June 19, 2026 | Ratify PricewaterhouseCoopers LLP as Auditors | Audit-related | Board | AGAINST | 1 | |
| Live Oak Bancshares, Inc. | May 19, 2026 | Election of Directors: Miltom E. Petty | Director Elections | Board | WITHHOLD | 1 | |
| Live Oak Bancshares, Inc. | May 19, 2026 | Election of Directors: William H. Cameron | Director Elections | Board | WITHHOLD | 1 | |
| Live Oak Bancshares, Inc. | May 19, 2026 | Election of Directors: Yousef A. Valine | Director Elections | Board | WITHHOLD | 1 | |
| Live Oak Bancshares, Inc. | May 19, 2026 | Omnibus Stock Incentive Plan. Proposal to approve the Live Oak Bancshares, Inc. 2026 Omnibus Stock Incentive Plan. | Compensation | Board | AGAINST | 1 | |
| Longfor Group Holdings Limited | June 18, 2026 | Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 1 | |
| Longfor Group Holdings Limited | June 18, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Longfor Group Holdings Limited | June 18, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| Lonking Holdings Limited | May 28, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Lonking Holdings Limited | May 28, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| Lonking Holdings Limited | May 28, 2026 | Elect Qian Shizheng as Director | Director Elections | Board | AGAINST | 1 | |
| Lonking Holdings Limited | May 28, 2026 | Elect Yu Taiwei as Director | Director Elections | Board | AGAINST | 1 | |
| Lotte Wellfood Co., Ltd. | March 20, 2026 | Elect Shin Dong-bin as Inside Director | Director Elections | Board | AGAINST | 1 | |
| Luk Fook Holdings (International) Limited | August 21, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Luk Fook Holdings (International) Limited | August 21, 2025 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| Luk Fook Holdings (International) Limited | August 21, 2025 | Elect Mak Wing Sum, Alvin as Director | Director Elections | Board | AGAINST | 1 | |
| Luk Fook Holdings (International) Limited | August 21, 2025 | Elect Wong Ho Lung, Danny as Director | Director Elections | Board | AGAINST | 1 | |
| Lundin Mining Corporation | May 7, 2026 | Elect Director Adam I. Lundin | Director Elections | Board | AGAINST | 1 | |
| Luzerner Kantonalbank AG | April 13, 2026 | Approve Variable Remuneration of Executive Committee in the Amount of CHF 1.7 Million | Compensation | Board | AGAINST | 1 | |
| M-tron Industries, Inc. | June 16, 2026 | To approve the Second Amended and Restated M-tron Industries, Inc. 2022 Incentive Plan. | Compensation | Board | AGAINST | 1 | |
| MAS PLC | December 30, 2025 | Approve Compensation Implementation Report for Non-executive Directors | Compensation | Board | AGAINST | 1 | |
| MAS PLC | December 30, 2025 | Approve Compensation Policy | Compensation | Board | AGAINST | 1 | |
| MASTERBRAND INC | June 4, 2026 | Advisory resolution to approve the compensation of MasterBrand's named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| MFE-MEDIAFOREUROPE NV | June 24, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 1 | |
| MFE-MEDIAFOREUROPE NV | June 24, 2026 | Authorize Repurchase of Shares | Capital Structure | Board | AGAINST | 1 | |
| MICROSOFT CORPORATION | December 5, 2025 | Report on AI Data Usage Oversight | Other Social Issues | Shareholder | Against | FOR | 1 |
| MIRAIT One Corp. | June 24, 2026 | Elect Director and Audit Committee Member Mizuma, Katsuyuki | Director Elections | Board | AGAINST | 1 | |
| MOL Hungarian Oil & Gas Plc | April 10, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 1 | |
| MOL Hungarian Oil & Gas Plc | April 10, 2026 | Cancel Apr. 24, 2025, AGM, Resolution Re: Share Repurchase Program; Authorize Share Repurchase Program | Capital Structure | Board | AGAINST | 1 | |
| MPC Container Ships ASA | May 7, 2026 | Approve Remuneration Statement | Compensation | Board | AGAINST | 1 | |
| MPC Container Ships ASA | May 7, 2026 | Reelect Ulf Stephan Hollander (Chair) as Director | Director Elections | Board | AGAINST | 1 | |
| MRF Limited | March 28, 2026 | Approve Revision in the Terms of Remuneration of Arun Mammen as Vice Chairman and Managing Director | Compensation | Board | AGAINST | 1 | |
| MRF Limited | March 28, 2026 | Approve Revision in the Terms of Remuneration of K M Mammen as Chairman and Managing Director | Compensation | Board | AGAINST | 1 | |
| MRF Limited | March 28, 2026 | Approve Revision in the Terms of Remuneration of Rahul Mammen Mappillai as Managing Director | Compensation | Board | AGAINST | 1 | |
| MRF Limited | March 28, 2026 | Approve Revision in the Terms of Remuneration of Samir Thariyan Mappillai as Whole-Time Director | Compensation | Board | AGAINST | 1 | |
| MRF Limited | March 28, 2026 | Approve Revision in the Terms of Remuneration of Varun Mammen as Whole-Time Director | Compensation | Board | AGAINST | 1 | |
| MRV Engenharia e Participacoes SA | April 24, 2026 | Approve New Plan II for the Grant of Stock Options, Shares, and Share-Based Incentives | Compensation | Board | AGAINST | 1 | |
| MRV Engenharia e Participacoes SA | April 24, 2026 | Elect Fiscal Council Members | Compensation | Board | ABSTAIN | 1 | |
| MVB Financial Corp. | May 19, 2026 | To amend the MVB Financial Corp. 2022 Stock Incentive Plan to increase the number of shares authorized for issuance under the Plan. | Compensation | Board | AGAINST | 1 | |
| Magyar Telekom Telecommunications Plc | April 8, 2026 | Amend Remuneration Policy | Compensation | Board | AGAINST | 1 | |
| Magyar Telekom Telecommunications Plc | April 8, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 1 | |
| Magyar Telekom Telecommunications Plc | April 8, 2026 | Authorize Share Repurchase Program | Capital Structure | Board | AGAINST | 1 | |
| Mahle Metal Leve SA | April 29, 2026 | Elect Directors | Director Elections | Board | AGAINST | 1 | |
| Mahle Metal Leve SA | April 29, 2026 | Elect Fiscal Council Members | Compensation | Board | ABSTAIN | 1 | |
| Mahle Metal Leve SA | April 29, 2026 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 1 | |
| Mahle Metal Leve SA | April 29, 2026 | Percentage of Votes to Be Assigned - Elect Eduardo Augusto Rocha Pocetti as Independent Director | Director Elections | Board | ABSTAIN | 1 | |
| Mahle Metal Leve SA | April 29, 2026 | Percentage of Votes to Be Assigned - Elect Markus Kapaun as Director | Director Elections | Board | ABSTAIN | 1 | |
| Mahle Metal Leve SA | April 29, 2026 | Percentage of Votes to Be Assigned - Elect Michael Macht as Director | Director Elections | Board | ABSTAIN | 1 | |
| Mahle Metal Leve SA | April 29, 2026 | Percentage of Votes to Be Assigned - Elect Sergio Pancini de Sa as Director | Director Elections | Board | ABSTAIN | 1 |
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Built November 8, 2026 from SEC Form N-PX filings.