Home › Asset managers › Lincoln Financial › 2025-2026 › Against the board
At least 6,069 proposals in the 2025-2026 proxy season: Lincoln Financial voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 69 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal Lincoln Financial 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
6,069 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.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Lincoln Financial voted | Funds |
|---|---|---|---|---|---|---|---|
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Confidentiality Measures and Systems for this Transaction | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Distribution Arrangement of Undistributed Earnings in Connection to Acquisition by Cash and Issuance of Shares | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Draft and Summary of Performance Shares Incentive Plan | Compensation | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Independence of Appraiser, the Validity of Hypothesis, the Relevance of Valuation Purpose and Approach as Well as the Fairness of Pricing | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Issuance Targets, Amount and Quantity in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Lock-up Period Arrangement in Connection to Acquisition by Cash and Issuance of Shares | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Lock-up Period Arrangement in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Methods to Assess the Performance of Plan Participants | Compensation | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Number of Shares Issued in Connection to Acquisition by Cash and Issuance of Shares | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Overview of the Transaction Plan | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Performance Commitment and Compensation Arrangement in Connection to Acquisition by Cash and Issuance of Shares | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Pricing Benchmark Date and Issue Price in Connection to Acquisition by Cash and Issuance of Shares | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Pricing Benchmark Date and Issue Price in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Report (Draft) and Summary on Acquisition by Cash and Issuance of Shares as well as Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Resolution Validity Period in Connection to Acquisition by Cash and Issuance of Shares | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Resolution Validity Period in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Share Type, Par Value and Listing Location in Connection to Acquisition by Cash and Issuance of Shares | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Share Type, Par Value and Listing Location in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Signing the Supplemental Agreement to the Conditional Share Issuance and Cash Payment Agreement for Asset Acquisition | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Target Subscribers and Subscription Method in Connection to Acquisition by Cash and Issuance of Shares | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve This Transaction Does Not Constitute as Related-party Transaction | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Transaction Amount and Payment Method in Connection to Acquisition by Cash and Issuance of Shares | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Transaction Complies with Article 11 of the Administrative Measures for the Registration of Securities Issuance by Listed Companies | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Transaction Does Not Constitute as Major Asset Restructuring or Restructuring for Listing | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Transitional Profit and Loss Arrangements in Connection to Acquisition by Cash and Issuance of Shares | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Usage of Raised Funds | Capital Structure | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve Whether This Transaction Involves the Paid Employment of Other Third-Party Organizations or Individuals | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve the Abnormal Fluctuation in the Company's Stock Trading | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve the Absence of Circumstances Stipulated in Article 12 of Regulatory Guideline No. 7 and Article 30 of Regulatory Guideline No. 6 Regarding the Transaction | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve the Audited Financial Statements, Valuation Reports and Pro forma Financial Statements of the Target Companies Related to this Transaction | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve the Basis for the Pricing of This Transaction and Its Fairness and Reasonableness | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve the Dilution of the Listed Company's Immediate Returns from this Transaction and Related Remedial Measures | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve the Signing of Performance Commitment and Compensation Agreement Subject to Conditions for Effectiveness | Extraordinary Transactions | Board | AGAINST | 1 | |
| Advanced Micro Fabrication Equipment, Inc. China | April 23, 2026 | Approve to Appoint Auditor | Audit-related | Board | AGAINST | 1 | |
| Advantage Energy Ltd. | May 7, 2026 | Elect Director Norman MacDonald | Director Elections | Board | WITHHOLD | 1 | |
| Advantech Co., Ltd. | May 29, 2026 | Elect a Representative of ASUSTeK Computer Inc. with SHAREHOLDER NO.00033509 as Non-independent Director | Director Elections | Board | AGAINST | 1 | |
| Aegon Ltd. | June 10, 2026 | Authorize Board to Exclude Preemptive Rights in Connection with a Rights Issue | Capital Structure | Board | AGAINST | 1 | |
| Aehr Test Systems | October 20, 2025 | Election of Directors: Geoffrey G. Scott | Director Elections | Board | WITHHOLD | 1 | |
| Aehr Test Systems | October 20, 2025 | Election of Directors: Howard T. Slayen | Director Elections | Board | WITHHOLD | 1 | |
| Aehr Test Systems | October 20, 2025 | Proposal to approve an amendment to the Company's 2023 Equity Incentive Plan to increase the number of shares of common stock reserved for issuance thereunder by an additional 2,500,000 shares of common stock | Compensation | Board | AGAINST | 1 | |
| Aeluma, Inc. | January 15, 2026 | To re-elect the Class I directors named in this Proxy Statement to hold office for a 3-year term and until his respective successor is elected and duly qualified: Steven P. DenBaars | Director Elections | Board | WITHHOLD | 1 | |
| Aena S.M.E. SA | April 16, 2026 | Ratify Appointment of and Elect Alicia de los Remedios de Haro Acosta as Director | Director Elections | Board | AGAINST | 1 | |
| Aena S.M.E. SA | April 16, 2026 | Ratify Appointment of and Elect Roberto Angulo Revilla as Director | Director Elections | Board | AGAINST | 1 | |
| Aena S.M.E. SA | April 16, 2026 | Reelect Manuel Delacampagne Crespo as Director | Director Elections | Board | AGAINST | 1 | |
| AerCap Holdings NV | April 15, 2026 | Approve Increase in Number of Ordinary Shares for Issuance under the Equity Incentive Plan | Compensation | Board | AGAINST | 1 | |
| AerCap Holdings NV | April 15, 2026 | Reelect Robert Warden as Non-Executive Director | Director Elections | Board | AGAINST | 1 | |
| AerCap Holdings NV | April 15, 2026 | Reelect Stacey Cartwright as Non-Executive Director | Director Elections | Board | AGAINST | 1 | |
| Afarak Group Plc | June 9, 2026 | Approve Issuance of up to 250 Million Shares without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Afarak Group Plc | June 9, 2026 | Approve Remuneration Report (Advisory Vote) | Compensation | Board | AGAINST | 1 | |
| Africa Israel Residences Ltd. | November 2, 2025 | Appoint Ernst & Young as Auditors and Report on Fees Paid to the Auditor | Audit-related | Board | AGAINST | 1 | |
| Ag Growth International Inc. | June 4, 2026 | Approve Share Option Plan | Compensation | Board | AGAINST | 1 | |
| Ag Growth International Inc. | June 4, 2026 | Elect Director Daniel Halyk | Director Elections | Board | AGAINST | 1 | |
| Ag Growth International Inc. | June 4, 2026 | Elect Director George Armoyan | Director Elections | Board | AGAINST | 1 | |
| Ag Growth International Inc. | June 4, 2026 | Elect Director Jean-Philippe Choquette | Director Elections | Board | AGAINST | 1 | |
| Agree Realty Corporation | May 14, 2026 | Election of Directors: Jerome Rossi | Director Elections | Board | WITHHOLD | 1 | |
| Agricultural Bank of China Limited | November 28, 2025 | Approve Financial Bonds Issuance Plan | Capital Structure | Board | AGAINST | 1 | |
| Agricultural Bank of China Limited | November 28, 2025 | Approve Issuance Quota of Capital Instruments and Total Loss-absorbing Capacity Non-capital Bonds | Capital Structure | Board | AGAINST | 1 | |
| Aichi Financial Group, Inc. | June 26, 2026 | Elect Director Ito, Yukinori | Director Elections | Board | AGAINST | 1 | |
| Aimia Inc. | May 13, 2026 | Elect Director Rhys Summerton | Director Elections | Board | AGAINST | 1 | |
| Aimia Inc. | May 13, 2026 | Elect Director Robert Feingold | Director Elections | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Amount and Use of Proceeds | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Arrangement Relating to the Accumulated Undistributed Profits Prior to the Issuance | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Authorization of Board to Handle All Related Matters Respect of the Issuance of Shares to Specific Investors | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Dilution of the Company's Current Return by the Issuance of Shares to Specific Investors in 2025, the Remedial Measures and the Undertakings Made by the Relevant Entities in Respect of Such Measures | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Discussion and Analysis Report on the Proposal of the Issuance of A Shares to Specific Investors | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Feasibility Analysis Report on the Use of Proceeds from the Issuance of A Shares to Specific Investors | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Future Plan of the Company for Dividend Returns to the Shareholders for the Coming Three Years (2025-2027) | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Issuance of A Shares to Specific Investors | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Issue Price and Pricing Method | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Listing Venue | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Lock-up Arrangement | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Method and Time of Issuance | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Number of Issuance | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Preliminary Proposal of the Issuance of A Shares to Specific Investors | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Related (Connected) Transaction Concerning the Entering into of the Conditional A share Subscription Agreement | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Report on Use of Proceeds from Previous Fund-raising Activities | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Subscribers and Method of Subscription | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Type and Par Value of Shares Issued | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | December 16, 2025 | Approve Validity Period of the Resolution on the Issuance | Capital Structure | Board | AGAINST | 1 | |
| Air China Limited | May 28, 2026 | Approve Grant of General Mandate to the Board to Issue Debt Financing Instruments | Capital Structure | Board | AGAINST | 1 | |
| Air Liquide SA | May 5, 2026 | Approve Remuneration Policy of Directors | Compensation | Board | AGAINST | 1 | |
| Air Products and Chemicals, Inc. | January 28, 2026 | Election of Directors: Tonit M. Calaway | Director Elections | Board | AGAINST | 1 | |
| AirBoss of America Corp. | May 7, 2026 | Elect Director Peter Grenville (Gren) Schoch | Director Elections | Board | WITHHOLD | 1 | |
| AirTrip Corp. | December 24, 2025 | Elect Director Oishi, Munenori | Director Elections | Board | AGAINST | 1 | |
| AirTrip Corp. | December 24, 2025 | Elect Director Shibata, Yusuke | Director Elections | Board | AGAINST | 1 | |
| Airbnb, Inc. | June 5, 2026 | Advisory Vote to Ratify Named Executive Officers' Compensation | Compensation | Board | AGAINST | 1 | |
| Airgain, Inc. | June 10, 2026 | To approve the amendment and restatement of the 2016 Incentive Award Plan. | Compensation | Board | AGAINST | 1 | |
| Airgain, Inc. | June 10, 2026 | To consider and vote upon, on an advisory basis, the compensation of our named executive officers as disclosed in this proxy statement pursuant to the compensation disclosure rules of the Securities and Exchange Commission. | Say-on-Pay | Board | AGAINST | 1 | |
| Airgain, Inc. | June 10, 2026 | To elect two directors to serve as Class I directors for a three-year term to expire at the 2029 annual meeting of stockholders: James K. Sims | Director Elections | Board | WITHHOLD | 1 | |
| Airport Facilities Co., Ltd. | June 26, 2026 | Elect Director Sasaoka, Osamu | Director Elections | Board | AGAINST | 1 | |
| Airport Facilities Co., Ltd. | June 26, 2026 | Elect Director Tamura, Shigeo | Director Elections | Board | AGAINST | 1 | |
| Airship AI Holdings, Inc. | December 11, 2025 | Approval of the Airship Al Holdings, Inc. Amended and Restated 2023 Equity Incentive Plan, to increase the number of shares of the Company's common stock authorized for issuance pursuant to awards granted under the plan by 2,000,000 shares; and | Compensation | Board | AGAINST | 1 | |
| Airship AI Holdings, Inc. | December 11, 2025 | Election of Directors: Derek Xu | Director Elections | Board | WITHHOLD | 1 | |
| Airship AI Holdings, Inc. | December 11, 2025 | Election of Directors: Peeyush Ranjan | Director Elections | Board | WITHHOLD | 1 | |
| Ajinomoto Co., Inc. | June 19, 2026 | Elect Director Matsuzawa, Takumi | Director Elections | Board | AGAINST | 1 | |
| Akamai Technologies, Inc. | May 13, 2026 | Election of Directors: Tom Killalea | Director Elections | Board | AGAINST | 1 | |
| Akamai Technologies, Inc. | May 13, 2026 | To approve an amendment to our Second Amended and Restated 2013 Stock Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder by 8,000,000 shares. | Compensation | Board | AGAINST | 1 | |
| Akastor ASA | April 14, 2026 | Approve Remuneration Statement | Compensation | Board | AGAINST | 1 | |
| Akastor ASA | April 14, 2026 | Authorize Board to Purchase Treasury Shares in Connection with Acquisitions, Mergers, Demergers or other Transactions | Capital Structure | Board | AGAINST | 1 | |
| Akastor ASA | April 14, 2026 | Authorize Share Repurchase Program for the Purpose of Investment or for Subsequent Sale or Deletion of Such Shares | Capital Structure | Board | AGAINST | 1 |
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Built November 7, 2026 from SEC Form N-PX filings.