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 |
|---|---|---|---|---|---|---|---|
| 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 | 1 | |
| Manappuram Finance Limited | August 14, 2025 | Approve Manappuram Finance Limited - Employee Stock Option Scheme 2025 | Compensation | Board | AGAINST | 1 | |
| Manappuram Finance Limited | August 14, 2025 | Reelect Sumitha Nandan as Director | Director Elections | Board | AGAINST | 1 | |
| Marex Group Plc | May 21, 2026 | Approve Scheme of Arrangement | Extraordinary Transactions | Board | AGAINST | 1 | |
| Marex Group plc | May 21, 2026 | Approve Capital Reduction by Cancellation and Extinguishment of the Deferred Shares | Capital Structure | Board | AGAINST | 1 | |
| Marex Group plc | May 21, 2026 | Approve Capital Reduction by Cancellation and Extinguishment of the Scheme Shares | Capital Structure | Board | AGAINST | 1 | |
| Marex Group plc | May 21, 2026 | Approve Scheme of Arrangement (2) | Extraordinary Transactions | Board | AGAINST | 1 | |
| Marex Group plc | May 21, 2026 | Authorize Issue of Equity (2) | Capital Structure | Board | AGAINST | 1 | |
| Match Group, Inc. | June 16, 2026 | To approve a non-binding advisory resolution on executive compensation. (2) | Say-on-Pay | Board | AGAINST | 1 | |
| Matsuya Co., Ltd. | May 28, 2026 | Elect Director Akita, Masaki | Director Elections | Board | AGAINST | 1 | |
| Matsuya Co., Ltd. | May 28, 2026 | Elect Director Furuya, Takehiko | Director Elections | Board | AGAINST | 1 | |
| Matsuya Co., Ltd. | May 28, 2026 | Elect Director and Audit Committee Member Yoshida, Masako | Director Elections | Board | AGAINST | 1 | |
| 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 | 1 | |
| Megacable Holdings SAB de CV | April 23, 2026 | Classification of Principal and Alternate Board Members' Independence | Director Elections | Board | AGAINST | 1 | |
| Megacable Holdings SAB de CV | April 23, 2026 | Elect or Ratify Directors, Secretary and their Respective Alternates | Director Elections | Board | AGAINST | 1 | |
| Meidensha Corp. | June 25, 2026 | Elect Director and Audit Committee Member Kuroda, Takashi | Director Elections | Board | AGAINST | 1 | |
| Meidensha Corp. | June 25, 2026 | Elect Director and Audit Committee Member Nishino, Toshiya | Director Elections | Board | AGAINST | 1 | |
| Menora Mivtachim Holdings Ltd. | October 5, 2025 | Reelect Shay Feldman as Director and Approve His Remuneration | Director Elections | Board | AGAINST | 1 | |
| Metals X Limited | May 19, 2026 | Elect Brett Smith as Director | Director Elections | Board | AGAINST | 1 | |
| MetroCity Bankshares, Inc. | May 21, 2026 | Election of Directors: Francis Lai | Director Elections | Board | AGAINST | 1 | |
| Metropolitan Bank Holding Corp. | April 29, 2026 | Election of Directors: Maria Fiorini Ramirez - for a 3-year term | Director Elections | Board | WITHHOLD | 1 | |
| MiTAC Holdings Corp. | May 27, 2026 | Amend Procedures for Endorsement and Guarantees | Extraordinary Transactions | Board | AGAINST | 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 | |
| Microvast Holdings, Inc. | October 23, 2025 | Election of Director: Wei Ying | Director Elections | Board | AGAINST | 1 | |
| Migdal Insurance & Financial Holdings Ltd. | October 22, 2025 | Reelect Avraham Dotan as Director | Director Elections | Board | AGAINST | 1 | |
| Minieye Technology Co., Ltd. | January 6, 2026 | Adopt H Share Award Scheme | Compensation | Board | AGAINST | 1 | |
| Minieye Technology Co., Ltd. | January 6, 2026 | Adopt H Share Option Scheme | Compensation | Board | AGAINST | 1 | |
| Minieye Technology Co., Ltd. | January 6, 2026 | Authorize Board and/or the Delegatee to Handle Matters in Relation to the H Share Award Scheme | Compensation | Board | AGAINST | 1 | |
| Modiv Industrial, Inc. | July 23, 2025 | Election of Directors: Kimberly Smith | Director Elections | Board | WITHHOLD | 1 | |
| Moncler SpA | April 21, 2026 | Approve 2026 Restricted Shares Plan | Compensation | Board | AGAINST | 1 | |
| Moncler SpA | April 21, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 1 | |
| Montana Aerospace AG | May 19, 2026 | Appoint Thomas Williams as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 1 | |
| Montana Aerospace AG | May 19, 2026 | Approve Remuneration Report (Non-Binding) | Compensation | Board | AGAINST | 1 | |
| Montana Aerospace AG | May 19, 2026 | Approve Remuneration of Directors in the Amount of CHF 2 Million | Compensation | Board | AGAINST | 1 | |
| Montana Aerospace AG | May 19, 2026 | Elect Thomas Williams as Director | Director Elections | Board | AGAINST | 1 | |
| Montana Aerospace AG | May 19, 2026 | Reappoint Christian Hosp as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 1 | |
| Montana Aerospace AG | May 19, 2026 | Reappoint Martin Ohneberg as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 1 | |
| Montana Aerospace AG | May 19, 2026 | Reappoint Michael Tojner as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 1 | |
| Montana Aerospace AG | May 19, 2026 | Reelect Christian Hosp as Director | Director Elections | Board | AGAINST | 1 | |
| Montana Aerospace AG | May 19, 2026 | Reelect Markus Vischer as Director | Director Elections | Board | AGAINST | 1 | |
| Montana Aerospace AG | May 19, 2026 | Reelect Martin Ohneberg as Director | Director Elections | Board | AGAINST | 1 | |
| Montana Aerospace AG | May 19, 2026 | Reelect Michael Pistauer as Director | Director Elections | Board | AGAINST | 1 | |
| Montana Aerospace AG | May 19, 2026 | Reelect Michael Tojner as Director and Board Chair | Director Elections | Board | AGAINST | 1 | |
| Movado Group, Inc. | June 17, 2026 | Election of Directors: Ann Kirschner | Director Elections | Board | WITHHOLD | 1 | |
| Movado Group, Inc. | June 17, 2026 | Election of Directors: Efraim Grinberg | Director Elections | Board | WITHHOLD | 1 | |
| Movado Group, Inc. | June 17, 2026 | Election of Directors: Maya Peterson | Director Elections | Board | WITHHOLD | 1 | |
| Movado Group, Inc. | June 17, 2026 | Election of Directors: Peter A. Bridgman | Director Elections | Board | WITHHOLD | 1 | |
| Movado Group, Inc. | June 17, 2026 | Election of Directors: Stephen Sadove | Director Elections | Board | WITHHOLD | 1 | |
| Movida Participacoes SA | April 28, 2026 | Elect Directors | Director Elections | Board | AGAINST | 1 | |
| Movida Participacoes SA | April 28, 2026 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 1 | |
| Movida Participacoes SA | April 28, 2026 | Percentage of Votes to Be Assigned - Elect Adalberto Calil as Director | Director Elections | Board | ABSTAIN | 1 | |
| Movida Participacoes SA | April 28, 2026 | Percentage of Votes to Be Assigned - Elect Augusto Marques da Cruz Filho as Independent Director | Director Elections | Board | ABSTAIN | 1 | |
| Movida Participacoes SA | April 28, 2026 | Percentage of Votes to Be Assigned - Elect Denys Marc Ferrez as Director | Director Elections | Board | ABSTAIN | 1 | |
| Movida Participacoes SA | April 28, 2026 | Percentage of Votes to Be Assigned - Elect Fernando Antonio Simoes as Director | Director Elections | Board | ABSTAIN | 1 | |
| Movida Participacoes SA | April 28, 2026 | Percentage of Votes to Be Assigned - Elect Marcelo Jose Ferreira e Silva as Independent Director | Director Elections | Board | ABSTAIN | 1 | |
| Movida Participacoes SA | June 24, 2026 | Approve Classification of Marcelo Marcolino as Independent Director | Director Elections | Board | AGAINST | 1 | |
| Movida Participacoes SA | June 24, 2026 | Elect Flavio Tavares Valadao as Director | Director Elections | Board | AGAINST | 1 | |
| Movida Participacoes SA | June 24, 2026 | Elect Marcelo Marcolino as Independent Director | Director Elections | Board | AGAINST | 1 | |
| Mutares SE & Co. KGaA | July 2, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 1 | |
| N-able, Inc. | May 28, 2026 | Election of Class II Directors: James Cameron McMartin | Director Elections | Board | WITHHOLD | 1 | |
| N-able, Inc. | May 28, 2026 | Election of Class II Directors: Michael Bingle | Director Elections | Board | WITHHOLD | 1 | |
| NATIONAL VISION HOLDINGS INC | June 17, 2026 | Advisory vote to approve the compensation of the named executive officers (''Say-on-Pay''). | Say-on-Pay | Board | AGAINST | 1 | |
| NAVITAS SEMICONDUCTOR CORPORATION | July 8, 2025 | The approval of an advisory resolution on the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| NEOGEN CORPORATION | October 23, 2025 | To Approve, On An Advisory Basis, The Compensation of Named Executive Officers. | Say-on-Pay | Board | AGAINST | 1 | |
| NEXPOINT DIVERSIFIED REAL ESTATE TRUST | June 2, 2026 | To approve, on an advisory basis, the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| NIPPN Corp. | June 26, 2026 | Elect Director Maezuru, Toshiya | Director Elections | Board | AGAINST | 1 | |
| NIPPN Corp. | June 26, 2026 | Elect Director Otao, Toru | Director Elections | Board | AGAINST | 1 | |
| NIPPN Corp. | June 26, 2026 | Elect Director and Audit Committee Member Hayama, Yoshiko | Director Elections | Board | AGAINST | 1 | |
| NORBIT ASA | May 20, 2026 | Approve Creation of NOK 639,486.50 Pool of Capital without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| NORBIT ASA | May 20, 2026 | Approve Equity Plan Financing Through Issuance of Shares | Compensation | Board | AGAINST | 1 | |
| NORBIT ASA | May 20, 2026 | Approve Remuneration Statement | Compensation | Board | AGAINST | 1 | |
| NRW Holdings Limited | November 27, 2025 | Approve Conditional Spill Resolution | Compensation | Board | AGAINST | 1 | |
| NRW Holdings Limited | November 27, 2025 | Approve Grant of Performance Rights to Julian Pemberton | Compensation | Board | AGAINST | 1 | |
| NRW Holdings Limited | November 27, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 1 | |
| NRW Holdings Limited | November 27, 2025 | Elect Jeffrey Dowling as Director | Director Elections | Board | AGAINST | 1 | |
| NRW Holdings Limited | November 27, 2025 | Elect Michael Arnett as Director | Director Elections | Board | AGAINST | 1 | |
| NTN Corp. (Osaka) | June 24, 2026 | Elect Director Kitani, Yasuo | Director Elections | Board | AGAINST | 1 | |
| NTN Corp. (Osaka) | June 24, 2026 | Elect Director Ukai, Eiichi | Director Elections | Board | AGAINST | 1 | |
| NVR, Inc. | May 7, 2026 | Shareholder proposal to disclose greenhouse gas emissions. | Environment or Climate | Shareholder | Against | FOR | 1 |
| NagaCorp Ltd. | June 25, 2026 | Adopt New Share Option Scheme | Compensation | Board | AGAINST | 1 | |
| NagaCorp Ltd. | June 25, 2026 | Approve BDO Limited as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 1 | |
| NagaCorp Ltd. | June 25, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| NagaCorp Ltd. | June 25, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| Nanobiotix SA | June 9, 2026 | Approve Compensation of Anne-Juliette Hermant, Management Board Member | Compensation | Board | AGAINST | 1 | |
| Nanobiotix SA | June 9, 2026 | Approve Compensation of Bartholomeus van Rhijn, Management Board Member | Compensation | Board | AGAINST | 1 | |
| Nanobiotix SA | June 9, 2026 | Approve Compensation of Laurent Levy, Chairman of the Management Board | Compensation | Board | AGAINST | 1 | |
| Nanobiotix SA | June 9, 2026 | Approve Compensation of Louis Kayitalire, Management Board Member | Compensation | Board | AGAINST | 1 | |
| 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 | 1 | |
| 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 | 1 | |
| Nanobiotix SA | June 9, 2026 | Approve Issuance of Equity or Equity-Linked Securities Reserved for Specific Beneficiaries in the Framework of an Equity Line on the American Market (ATM Program) up to Aggregate Nominal Amount of EUR 1,452,302.54 | Capital Structure | Board | AGAINST | 1 | |
| 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 | 1 | |
| 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 | 1 | |
| Nanobiotix SA | June 9, 2026 | Approve Issuance of up to 1,800,000 Warrants (BSA) Reserved for Specific Beneficiaries | Compensation | Board | AGAINST | 1 | |
| Nanobiotix SA | June 9, 2026 | Approve Remuneration Policy of Anne-Juliette Hermant, Management Board Member | Compensation | Board | AGAINST | 1 | |
| Nanobiotix SA | June 9, 2026 | Approve Remuneration Policy of Bartholomeus van Rhijn, Management Board Member | Compensation | Board | AGAINST | 1 | |
| Nanobiotix SA | June 9, 2026 | Approve Remuneration Policy of Laurent Levy, Chairman of the Management Board | Compensation | Board | AGAINST | 1 | |
| Nanobiotix SA | June 9, 2026 | Approve Remuneration Policy of Louis Kayitalire, Management Board Member | Compensation | Board | AGAINST | 1 | |
| 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 | 1 | |
| Nanobiotix SA | June 9, 2026 | Authorize Capital Increase of Up to EUR 1,452,302.54 for Future Exchange Offers | Capital Structure | Board | AGAINST | 1 |
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Built November 8, 2026 from SEC Form N-PX filings.