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Legg Mason 2025-2026: where it broke with the board

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

972 proposals.

Legg Mason, 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 recommendedLegg Mason votedFunds
Stitch Fix, Inc. December 11, 2025 Election of Directors: Timothy Baxter Director Elections Board WITHHOLD 1
Stoke Therapeutics, Inc. June 3, 2026 To approve, on an advisory basis, the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 1
StoneCo Ltd. April 23, 2026 Elect Director Diego Fresco Gutierrez Director Elections Board AGAINST 1
StoneCo Ltd. April 23, 2026 Elect Director Luciana Ibiapina Lira Aguiar Director Elections Board AGAINST 1
StoneCo Ltd. April 23, 2026 Elect Director Pedro Zinner Director Elections Board AGAINST 1
StoneCo Ltd. April 23, 2026 Elect Director Silvio Jose Morais Director Elections Board AGAINST 1
Sumitomo Mitsui Financial Group, Inc. June 26, 2026 Elect Director Nakashima, Toru Director Elections Board AGAINST 1
Sumitomo Mitsui Financial Group, Inc. June 26, 2026 Elect Director Takashima, Makoto Director Elections Board AGAINST 1
Sumitomo Mitsui Financial Group, Inc. June 26, 2026 Elect Director Teshirogi, Isao Director Elections Board AGAINST 1
Sun Hung Kai Properties Limited November 6, 2025 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
Sun Hung Kai Properties Limited November 6, 2025 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
Super Group (SGHC) Limited June 25, 2026 Authorize Market Purchases of Company Shares Capital Structure Board AGAINST 1
Super Micro Computer, Inc. April 15, 2026 To approve the further amendment and restatement of the Super Micro Computer, Inc. 2020 Equity and Incentive Compensation Plan. Compensation Board AGAINST 1
Super Micro Computer, Inc. April 15, 2026 To elect three Class I directors to hold office until the Annual Meeting of Stockholders following fiscal year 2028 or until the successors are duly elected and qualified: Charles Liang Director Elections Board WITHHOLD 1
Svenska Cellulosa AB SCA March 27, 2026 Reelect Barbara M. Thoralfsson as Director Director Elections Board AGAINST 1
Svenska Cellulosa AB SCA March 27, 2026 Reelect Helena Stjernholm as Board Chair Director Elections Board AGAINST 1
Svenska Cellulosa AB SCA March 27, 2026 Reelect Helena Stjernholm as Director Director Elections Board AGAINST 1
Svenska Handelsbanken AB March 25, 2026 Reelect Fredrik Lundberg as Director Director Elections Board AGAINST 1
Svenska Handelsbanken AB March 25, 2026 Reelect Ulf Riese as Director Director Elections Board AGAINST 1
Swiss Life Holding AG May 7, 2026 Elect Patrick Frost as Director Director Elections Board AGAINST 1
Swiss Life Holding AG May 7, 2026 Ratify PricewaterhouseCoopers AG as Auditors Audit-related Board AGAINST 1
Swiss Life Holding AG May 7, 2026 Reappoint Klaus Tschuetscher as Member of the Compensation Committee Director Elections Board AGAINST 1
Swiss Life Holding AG May 7, 2026 Reappoint Martin Schmid as Member of the Compensation Committee Director Elections Board AGAINST 1
Swiss Life Holding AG May 7, 2026 Reelect Damir Filipovic as Director Director Elections Board AGAINST 1
Swiss Life Holding AG May 7, 2026 Reelect Franziska Sauber as Director Director Elections Board AGAINST 1
Swiss Life Holding AG May 7, 2026 Reelect Klaus Tschuetscher as Director Director Elections Board AGAINST 1
Swiss Life Holding AG May 7, 2026 Reelect Rolf Doerig as Director and Board Chair Director Elections Board AGAINST 1
Swiss Life Holding AG May 7, 2026 Reelect Thomas Buess as Director Director Elections Board AGAINST 1
TAISEI Corp. June 23, 2026 Elect Director Aikawa, Yoshiro Director Elections Board AGAINST 1
TAISEI Corp. June 23, 2026 Elect Director Tanaka, Shigeyoshi Director Elections Board AGAINST 1
TEGNA Inc. November 18, 2025 To approve, on an advisory (non-binding basis), the compensation that may be paid or become payable to TEGNA's named executive officers that is based on or otherwise related to the Merger Agreement and the transactions contemplated by the Merger Agreement. Say-on-Pay Board AGAINST 1
TG Therapeutics, Inc. June 11, 2026 Election of Directors: Kenneth Hoberman Director Elections Board WITHHOLD 1
TG Therapeutics, Inc. June 11, 2026 Election of Directors: Laurence Charney Director Elections Board WITHHOLD 1
TG Therapeutics, Inc. June 11, 2026 Election of Directors: Michael S. Weiss Director Elections Board WITHHOLD 1
THK CO., LTD. March 20, 2026 Elect Director Teramachi, Akihiro Director Elections Board AGAINST 1
THK CO., LTD. March 20, 2026 Elect Director Teramachi, Takashi Director Elections Board AGAINST 1
TKO Group Holdings, Inc. June 10, 2026 Election of Directors: Ariel Emanuel Director Elections Board WITHHOLD 1
TKO Group Holdings, Inc. June 10, 2026 Election of Directors: Mark Shapiro Director Elections Board WITHHOLD 1
TKO Group Holdings, Inc. June 10, 2026 Election of Directors: Nick Khan Director Elections Board WITHHOLD 1
TKO Group Holdings, Inc. June 10, 2026 Election of Directors: Peter C.B. Bynoe Director Elections Board WITHHOLD 1
TKO Group Holdings, Inc. June 10, 2026 Election of Directors: Sonya E. Medina Director Elections Board WITHHOLD 1
TKO Group Holdings, Inc. June 10, 2026 Election of Directors: Steven R. Koonin Director Elections Board WITHHOLD 1
Take-Two Interactive Software, Inc. September 18, 2025 Approval of an amendment and restatement of the Amended and Restated Take-Two Interactive Software, Inc. 2017 Stock Incentive Plan. Compensation Board AGAINST 1
Target Corporation June 10, 2026 Company proposal to ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm. Audit-related Board AGAINST 1
Tenaris SA May 12, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Tenaris SA May 12, 2026 Approve Share Repurchase Capital Structure Board AGAINST 1
Tenaris SA May 12, 2026 Elect Directors (Bundled) Director Elections Board AGAINST 1
Tencent Holdings Limited May 13, 2026 Elect Ian Charles Stone as Director Director Elections Board AGAINST 1
Tencent Holdings Limited May 13, 2026 Elect Jacobus Petrus (Koos) Bekker as Director Director Elections Board AGAINST 1
TeraWulf Inc. June 9, 2026 The approval, on a non-binding, advisory basis, of the compensation of our named executive officers ("Say-on-Pay"); and Say-on-Pay Board AGAINST 1
The Allstate Corporation May 22, 2026 Election of Directors: Andrea Redmond Director Elections Board AGAINST 1
The Allstate Corporation May 22, 2026 Election of Directors: Jacques P. Perold Director Elections Board AGAINST 1
The Allstate Corporation May 22, 2026 Election of Directors: Kermit R. Crawford Director Elections Board AGAINST 1
The Allstate Corporation May 22, 2026 Election of Directors: Siddharth N. Mehta Director Elections Board AGAINST 1
The Allstate Corporation May 22, 2026 Election of Directors: Thomas J. Wilson Director Elections Board AGAINST 1
The Allstate Corporation May 22, 2026 Ratification of the appointment of Deloitte & Touche LLP as Allstate's independent registered public accountant for 2026. Audit-related Board AGAINST 1
The Boston Beer Company, Inc. May 27, 2026 Advisory vote to approve our Named Executive Officers' executive compensation. Say-on-Pay Board ABSTAIN 1
The Buckle, Inc. June 1, 2026 Election of Directors: Karen B. Rhoads Director Elections Board WITHHOLD 1
The Carlyle Group Inc. June 3, 2026 Approval of The Carlyle Group Inc. Amended and Restated 2012 Equity Incentive Plan Compensation Board AGAINST 1
The Carlyle Group Inc. June 3, 2026 Non-Binding Vote to Approve Named Executive Officer Compensation ("Say-on-Pay") Say-on-Pay Board AGAINST 1
The Estee Lauder Companies Inc. November 13, 2025 Advisory vote to approve executive compensation. Say-on-Pay Board AGAINST 1
The Estee Lauder Companies Inc. November 13, 2025 Election of five (5) Class II Directors: Jennifer Tejada Director Elections Board WITHHOLD 1
The Estee Lauder Companies Inc. November 13, 2025 Election of five (5) Class II Directors: William P. Lauder Director Elections Board WITHHOLD 1
The Estee Lauder Companies Inc. November 13, 2025 Election of one (1) Class I Director: Eric L. Zinterhofer Director Elections Board WITHHOLD 1
The Gap, Inc. May 12, 2026 Election of Directors: Robert J. Fisher Director Elections Board AGAINST 1
The Trade Desk, Inc. May 4, 2026 The approval, on a non-binding, advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 1
The Trade Desk, Inc. May 4, 2026 The election of two Class I directors to hold office until our 2029 annual meeting of stockholders or until his or her successor is duly elected and qualified: Jeff T. Green Director Elections Board WITHHOLD 1
The Walt Disney Company March 18, 2026 Consideration of an advisory vote to approve executive compensation. Say-on-Pay Board AGAINST 1
The Walt Disney Company March 18, 2026 Election of Directors: Derica W. Rice Director Elections Board ABSTAIN 1
Tile Shop Holdings, Inc. December 3, 2025 To amend the Company's Certificate of Incorporation to effect a reverse stock split of the Company's outstanding common stock, at any ratio between not less than 1-for-2,000 and not greater than 1-for-4,000 at such time as and at such ratio as the Board of Directors shall determine. Extraordinary Transactions Board AGAINST 1
Treasury Wine Estates Limited October 16, 2025 Elect John Mullen as Director Director Elections Board AGAINST 1
Tri Pointe Homes, Inc. April 16, 2026 To approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to the Company's named executive officers that is based on or otherwise relates to the Merger Agreement and the transactions contemplated therein. Say-on-Pay Board ABSTAIN 1
Trimble Inc. May 26, 2026 Election of Directors: Kaigham (Ken) Gabriel Director Elections Board WITHHOLD 1
Trimble Inc. May 26, 2026 Election of Directors: Kara Sprague Director Elections Board WITHHOLD 1
Trimble Inc. May 26, 2026 Election of Directors: Mark S. Peek Director Elections Board WITHHOLD 1
Trimble Inc. May 26, 2026 Election of Directors: Thomas Sweet Director Elections Board WITHHOLD 1
Twilio Inc. June 16, 2026 To approve the Twilio Inc. Amended and Restated 2016 Stock Option and Incentive Plan. Compensation Board AGAINST 1
Twist Bioscience Corporation February 5, 2026 Election of Class II Directors: Jan Johannessen Director Elections Board WITHHOLD 1
Twist Bioscience Corporation February 5, 2026 Election of Class II Directors: Keith Crandell Director Elections Board WITHHOLD 1
Twist Bioscience Corporation February 5, 2026 To adopt, on an advisory basis, a resolution approving the compensation of the Company's Named Executive Officers, as described in the Proxy Statement under "Executive Compensation." Say-on-Pay Board AGAINST 1
Tyson Foods, Inc. February 5, 2026 Shareholder proposal regarding report on environmental and human health impacts from waste lagoons. Environment or Climate Shareholder Against FOR 1
Tyson Foods, Inc. February 5, 2026 Shareholder proposal regarding report on the anticipated impact of recent changes in US immigration practices on the Company's finances and operations. Other Social Issues Shareholder Against FOR 1
U-Haul Holding Company August 21, 2025 Election of Directors: Edward J. Shoen Director Elections Board WITHHOLD 1
U-Haul Holding Company August 21, 2025 Election of Directors: James J. Grogan Director Elections Board WITHHOLD 1
U-Haul Holding Company August 21, 2025 Election of Directors: John P. Brogan Director Elections Board WITHHOLD 1
U-Haul Holding Company August 21, 2025 Election of Directors: Roberta R. Shank Director Elections Board WITHHOLD 1
U-Haul Holding Company August 21, 2025 Election of Directors: Samuel J. Shoen Director Elections Board WITHHOLD 1
U-Haul Holding Company August 21, 2025 The approval of the U-Haul Holding Company 2025 Stock Option Plan (Shelf Stock Option Plan). Compensation Board AGAINST 1
UDR, Inc. May 21, 2026 Advisory vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 1
United Parks & Resorts Inc. September 3, 2025 To grant the Board of Directors of United Parks & Resorts Inc. (the "Company") the authority to approve and implement additional repurchases of shares of the Company's common stock, subject to the qualification that the Company will not repurchase additional shares if Hill Path Capital LP's ("Hill Path") common stock ownership interest percentage would, as a result of any such repurchase, equal or exceed 70% (excluding Hill Path's and its affiliates' non-voting derivative positions). Capital Structure Board AGAINST 1
United Parks & Resorts Inc. June 16, 2026 Election of the ten director nominees: James Chambers Director Elections Board AGAINST 1
United Parks & Resorts Inc. June 16, 2026 Election of the ten director nominees: Scott Ross Director Elections Board AGAINST 1
United Parks & Resorts Inc. June 16, 2026 Election of the ten director nominees: Thomas E. Moloney Director Elections Board AGAINST 1
United Parks & Resorts Inc. June 16, 2026 Election of the ten director nominees: Yoshikazu Maruyama Director Elections Board AGAINST 1
United Therapeutics Corporation June 26, 2026 Approval of the United Therapeutics Corporation 2026 Stock Incentive Plan. Compensation Board AGAINST 1
Universal Display Corporation June 18, 2026 Advisory resolution to approve the compensation of the Company's named executive officers. Say-on-Pay Board ABSTAIN 1
Veracyte, Inc. June 10, 2026 The approval of an amendment to our Veracyte, Inc. 2023 Equity Incentive Plan. Compensation Board ABSTAIN 1
Veracyte, Inc. June 10, 2026 The approval of an amendment to our Veracyte, Inc. 2023 Equity Incentive Plan. Compensation Board AGAINST 1
Vicor Corporation June 19, 2026 To fix the number of Directors at eleven and to elect the following eleven nominees as Directors to hold office until the 2027 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified: Samuel J. Anderson Director Elections Board WITHHOLD 1
Village Super Market, Inc. December 12, 2025 Election of Directors: John J. Sumas Director Elections Board WITHHOLD 1

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Built October 13, 2026 from SEC Form N-PX filings.