Home › Asset managers › Northern Trust › 2025-2026 › Against the board
At least 6,093 proposals in the 2025-2026 proxy season: Northern Trust voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 93 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal Northern 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
6,093 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 | Northern Trust voted | Funds |
|---|---|---|---|---|---|---|---|
| Quad/Graphics, Inc. | May 20, 2026 | Election of Directors: Douglas P. Buth | Director Elections | Board | WITHHOLD | 2 | |
| Quad/Graphics, Inc. | May 20, 2026 | Election of Directors: John C. Fowler | Director Elections | Board | WITHHOLD | 2 | |
| Quanterix Corporation | June 9, 2026 | To approve the amendment and restatement of the Company's 2017 Employee, Director and Consultant Equity Incentive Plan | Compensation | Board | AGAINST | 2 | |
| RACKSPACE TECHNOLOGY, INC. | June 18, 2026 | Non-binding advisory vote to approve the compensation of the Company's named executive officers as described in the proxy statement. | Say-on-Pay | Board | AGAINST | 2 | |
| RAMSAY HEALTH CARE LTD | November 25, 2025 | TO ADOPT THE REMUNERATION REPORT | Say-on-Pay | Board | AGAINST | 2 | |
| RCI Hospitality Holdings, Inc. | August 18, 2025 | ELECTION OF DIRECTORS OF THE COMPANY: Arthur Allan Priaulx | Director Elections | Board | WITHHOLD | 2 | |
| RCI Hospitality Holdings, Inc. | August 18, 2025 | ELECTION OF DIRECTORS OF THE COMPANY: Elaine J. Martin | Director Elections | Board | WITHHOLD | 2 | |
| RCI Hospitality Holdings, Inc. | August 18, 2025 | ELECTION OF DIRECTORS OF THE COMPANY: Yura Barabash | Director Elections | Board | WITHHOLD | 2 | |
| REA Group Ltd | October 9, 2025 | Elect Kelly Bayer Rosmarin as Director | Director Elections | Board | AGAINST | 2 | |
| REA Group Ltd | October 9, 2025 | Elect Richard Freudenstein as Director | Director Elections | Board | AGAINST | 2 | |
| RED ROBIN GOURMET BURGERS, INC. | May 14, 2026 | Approval, on an advisory basis, of the compensation of the Company's named executive officers. | Say-on-Pay | Board | AGAINST | 2 | |
| REECE LTD | November 21, 2025 | ADOPTION OF THE REMUNERATION REPORT | Say-on-Pay | Board | AGAINST | 2 | |
| REGENXBIO Inc. | May 29, 2026 | Election of three Class II Directors: Jean Bennett, M.D., Ph.D. | Director Elections | Board | WITHHOLD | 2 | |
| REGENXBIO Inc. | May 29, 2026 | To approve a stock option exchange for our executive employees. | Compensation | Board | AGAINST | 2 | |
| REGENXBIO Inc. | May 29, 2026 | To approve a stock option exchange for our non-executive employees. | Compensation | Board | AGAINST | 2 | |
| REIT 1 Ltd. | February 10, 2026 | Reelect Yekutiel Gavish as Director | Director Elections | Board | AGAINST | 2 | |
| RELIANCE WORLDWIDE CORPORATION LTD | October 22, 2025 | REMUNERATION REPORT | Say-on-Pay | Board | AGAINST | 2 | |
| REPLY SPA | April 23, 2026 | REPORT ON THE REMUNERATION POLICY AND ON THE COMPENSATION PAID. RESOLUTIONS RELATING TO THE SECOND SECTION PURSUANT TO ART. 123-TER, PARAGRAPH 6, OF LEGISLATIVE DECREE 24 FEBRUARY 1998 AND SUBSEQUENT AMENDMENTS AND ADDITIONS | Say-on-Pay | Board | AGAINST | 2 | |
| REZOLUTE, INC. | November 19, 2025 | To approve, by a non-binding advisory vote, the compensation of the Company's named executive officers as disclosed in the Executive Compensation section of the Proxy Statement. | Say-on-Pay | Board | AGAINST | 2 | |
| REZOLVE AI PLC | June 30, 2026 | To approve the annual report on remuneration for the year ended 31 December 2025 | Say-on-Pay | Board | AGAINST | 2 | |
| RH | June 18, 2026 | Election of Directors: Ali Rowghani | Director Elections | Board | WITHHOLD | 2 | |
| RIVERVIEW BANCORP, INC. | August 28, 2025 | Advisory (non-binding) vote to approve the compensation paid to our named executive officers. | Say-on-Pay | Board | AGAINST | 2 | |
| RL Commercial REIT, Inc. | May 13, 2026 | Elect Artemio V. Panganiban as Director | Director Elections | Board | AGAINST | 2 | |
| RL Commercial REIT, Inc. | May 13, 2026 | Elect Cesar Luis F. Bate as Director | Director Elections | Board | AGAINST | 2 | |
| ROCKWOOL A/S | April 15, 2026 | Reelect Carsten Kahler as Director | Director Elections | Board | ABSTAIN | 2 | |
| ROCKWOOL A/S | April 15, 2026 | Reelect Jorgen Tang-Jensen (Deputy Chair) as Director | Director Elections | Board | ABSTAIN | 2 | |
| RS Group Plc | July 17, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 2 | |
| RS Group Plc | July 17, 2025 | Approve Restricted Share Incentive Plan | Compensation | Board | AGAINST | 2 | |
| RTL Group SA | April 29, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 2 | |
| Rail Vikas Nigam Limited | August 28, 2025 | Elect Abhishek Kumar as Director | Director Elections | Board | AGAINST | 2 | |
| Rail Vikas Nigam Limited | August 28, 2025 | Elect Mritunjay Pratap Singh as Director | Director Elections | Board | AGAINST | 2 | |
| Rail Vikas Nigam Limited | August 28, 2025 | Elect Prem Sagar Gupta as Director | Director Elections | Board | AGAINST | 2 | |
| Rail Vikas Nigam Limited | August 28, 2025 | Reelect N.C. Karmali as Director | Director Elections | Board | AGAINST | 2 | |
| Ramaco Resources, Inc. | June 10, 2026 | Election of Directors: Bryan H. Lawrence | Director Elections | Board | WITHHOLD | 2 | |
| Ramaco Resources, Inc. | June 10, 2026 | Election of Directors: David E.K. Frischkorn, Jr. | Director Elections | Board | WITHHOLD | 2 | |
| Ramaco Resources, Inc. | June 10, 2026 | To approve an amendment to the Ramaco Resources, Inc. Long-Term Incentive Plan ("LTIP") to increase the number of shares of Class A common stock subject to the LTIP by an additional 4,000,000 shares. | Compensation | Board | AGAINST | 2 | |
| Rational AG | April 29, 2026 | Appoint PricewaterhouseCoopers GmbH as Auditor for Sustainability Reporting for Fiscal Year 2026 | Audit-related | Board | AGAINST | 2 | |
| Rational AG | April 29, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 2 | |
| Rational AG | April 29, 2026 | Ratify PricewaterhouseCoopers GmbH as Auditors for Fiscal Year 2026 | Audit-related | Board | AGAINST | 2 | |
| Recordati SpA | April 29, 2026 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 2 | |
| Redeia Corporacion SA | May 12, 2026 | Elect Sociedad Estatal de Participaciones Industriales (SEPI) as Director | Director Elections | Board | AGAINST | 2 | |
| Regeneron Pharmaceuticals, Inc. | June 12, 2026 | Election of Directors: Joseph L. Goldstein, M.D. | Director Elections | Board | AGAINST | 2 | |
| Regional Management Corp. | May 14, 2026 | Re-approval of the Regional Management Corp. 2024 Long-Term Incentive Plan (as amended and restated effective as of May 14, 2026). | Compensation | Board | AGAINST | 2 | |
| Reinet Investments SCA | August 26, 2025 | Approve Share Repurchase | Capital Structure | Board | AGAINST | 2 | |
| Reinet Investments SCA | August 26, 2025 | Reelect John Li as Board of Overseers Member | Director Elections | Board | AGAINST | 2 | |
| Remgro Ltd. | November 27, 2025 | Elect Murphy Morobe as Member of the Social & Ethics Committee | Director Elections | Board | AGAINST | 2 | |
| Remgro Ltd. | November 27, 2025 | Re-elect Murphy Morobe as Director | Director Elections | Board | AGAINST | 2 | |
| Remgro Ltd. | November 27, 2025 | Re-elect Phillip Moleketi as Director | Director Elections | Board | AGAINST | 2 | |
| Repligen Corporation | May 14, 2026 | Election of Directors: Carrie Eglinton Manner | Director Elections | Board | AGAINST | 2 | |
| Repligen Corporation | May 14, 2026 | Election of Directors: Glenn P. Muir | Director Elections | Board | AGAINST | 2 | |
| Repligen Corporation | May 14, 2026 | Election of Directors: Karen A. Dawes | Director Elections | Board | AGAINST | 2 | |
| Reservoir Media, Inc. | August 7, 2025 | Election of Directors: Neil de Gelder | Director Elections | Board | AGAINST | 2 | |
| Retail Estates SA | July 22, 2025 | Reelect Michel Van Geyte as Director | Director Elections | Board | AGAINST | 2 | |
| Retal Urban Development Co. | June 25, 2026 | Authorize Company to Purchase up to 2,000,000 of Its Own Shares to be Allocated for the Employees Long-Term Incentives and Authorize Board to Execute the Necessary Actions | Capital Structure | Board | AGAINST | 2 | |
| Reysas Gayrimenkul Yatirim Ortakligi AS | April 29, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 2 | |
| Rezolve AI Plc | January 13, 2026 | Authorise Issue of Equity | Capital Structure | Board | AGAINST | 2 | |
| Rezolve AI Plc | January 13, 2026 | Authorise Issue of Equity without Pre-emptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Ridgepost Capital, Inc. | June 18, 2026 | Election of Directors: Robert B. Stewart, Jr. | Director Elections | Board | WITHHOLD | 2 | |
| Riley Exploration Permian, Inc. | May 12, 2026 | Election of Directors: Bryan H. Lawrence | Director Elections | Board | WITHHOLD | 2 | |
| Rimini Street, Inc. | June 3, 2026 | Election of Class III Directors: Steven Capelli | Director Elections | Board | WITHHOLD | 2 | |
| Rio Tinto Limited | May 6, 2026 | Elect Ben Wyatt as Director | Director Elections | Board | AGAINST | 2 | |
| Rio Tinto Limited | May 6, 2026 | Elect Dean Dalla Valle as Director | Director Elections | Board | AGAINST | 2 | |
| Rio Tinto Limited | May 6, 2026 | Elect Dominic Barton as Director | Director Elections | Board | AGAINST | 2 | |
| Rio Tinto Limited | May 6, 2026 | Elect Ngaire Woods as Director | Director Elections | Board | AGAINST | 2 | |
| Rio Tinto Limited | May 6, 2026 | Elect Sharon Thorne as Director | Director Elections | Board | AGAINST | 2 | |
| Rithm Capital Corp. | May 21, 2026 | Election of Directors: David Saltzman | Director Elections | Board | WITHHOLD | 2 | |
| Riyad Bank | October 28, 2025 | Elect Abdullah Al Issa as Director | Director Elections | Board | ABSTAIN | 2 | |
| Riyad Bank | October 28, 2025 | Elect Abdulrahman Trabzoni as Director | Director Elections | Board | ABSTAIN | 2 | |
| Riyad Bank | October 28, 2025 | Elect Amr Al Madhi as Director | Director Elections | Board | ABSTAIN | 2 | |
| Riyad Bank | October 28, 2025 | Elect Hani Al Jihani as Director | Director Elections | Board | ABSTAIN | 2 | |
| Riyad Bank | October 28, 2025 | Elect Ibraheem Sharbatli as Director | Director Elections | Board | ABSTAIN | 2 | |
| Riyad Bank | October 28, 2025 | Elect Mansour Al Mansour as Director | Director Elections | Board | ABSTAIN | 2 | |
| Riyad Bank | October 28, 2025 | Elect Muataz Al Azzawi as Director | Director Elections | Board | ABSTAIN | 2 | |
| Riyad Bank | October 28, 2025 | Elect Muath Al Zamil as Director | Director Elections | Board | ABSTAIN | 2 | |
| Riyad Bank | October 28, 2025 | Elect Muna Al Taweel as Director | Director Elections | Board | ABSTAIN | 2 | |
| Riyad Bank | October 28, 2025 | Elect Yasir Al Salman as Director | Director Elections | Board | ABSTAIN | 2 | |
| Robinsons Land Corporation | May 13, 2026 | Elect James L. Go as Director | Director Elections | Board | AGAINST | 2 | |
| Rocket Lab Corporation | May 20, 2026 | Election of Class II Director Nominee: To be elected for term expiring in 2029: Edward H. Frank | Director Elections | Board | WITHHOLD | 2 | |
| Rongsheng Petrochemical Co., Ltd. | June 25, 2026 | Approve Authorization of the Board to Handle All Related Matters | Compensation | Board | AGAINST | 2 | |
| Rongsheng Petrochemical Co., Ltd. | June 25, 2026 | Approve Draft and Summary on Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| Rongsheng Petrochemical Co., Ltd. | June 25, 2026 | Approve Management Measures for Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| Royal KPN NV | April 15, 2026 | Reelect K. Koelemeijer to Supervisory Board | Director Elections | Board | AGAINST | 2 | |
| Royal Unibrew A/S | April 29, 2026 | Reelect Jais Stampe Li Valeur as Director | Director Elections | Board | ABSTAIN | 2 | |
| Royalty Pharma plc | June 4, 2026 | Election of Directors: Vlad Coric, M.D. | Director Elections | Board | AGAINST | 2 | |
| Rush Street Interactive, Inc. | June 3, 2026 | Election of Class III Director: Neil Bluhm | Director Elections | Board | WITHHOLD | 2 | |
| S-Oil Corp. | March 30, 2026 | Elect Ibrahim M. Al-Nitaifi as Non-Independent Non-Executive Director | Director Elections | Board | AGAINST | 2 | |
| S.F. Holding Co., Ltd. | December 30, 2025 | Elect Wang Wei as Director | Director Elections | Board | AGAINST | 2 | |
| S.F. Holding Co., Ltd. | May 8, 2026 | Approve Estimated Cap for Provision of Guarantee | Capital Structure | Board | AGAINST | 2 | |
| S.F. Holding Co., Ltd. | May 8, 2026 | Approve General Mandate to the Board of Directors for Issuing H Shares | Capital Structure | Board | AGAINST | 2 | |
| S.F. Holding Co., Ltd. | May 8, 2026 | Approve PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers Respectively as the Domestic and Overseas Auditor and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| SAGA COMMUNICATIONS, INC. | June 1, 2026 | To approve, by a non-binding advisory vote, a resolution approving the compensation of our named executive officers as described in the proxy statement. | Say-on-Pay | Board | AGAINST | 2 | |
| SAIC Motor Corp. Ltd. | June 26, 2026 | Approve to Appoint Financial and Internal Control Auditor | Audit-related | Board | AGAINST | 2 | |
| SAL Saudi Logistics Services Co. | March 30, 2026 | Elect Abdullah Al Feefi as Director | Director Elections | Board | ABSTAIN | 2 | |
| SAL Saudi Logistics Services Co. | March 30, 2026 | Elect Ahmed Al Uwayid as Director | Director Elections | Board | ABSTAIN | 2 | |
| SAL Saudi Logistics Services Co. | March 30, 2026 | Elect Ahmed Al Waseeh as Director | Director Elections | Board | ABSTAIN | 2 | |
| SAL Saudi Logistics Services Co. | March 30, 2026 | Elect Ahmed Bakhsh as Director | Director Elections | Board | ABSTAIN | 2 | |
| SAL Saudi Logistics Services Co. | March 30, 2026 | Elect Ahmed Khoqeer as Director | Director Elections | Board | ABSTAIN | 2 | |
| SAL Saudi Logistics Services Co. | March 30, 2026 | Elect Al Huseen Al Muhthil as Director | Director Elections | Board | ABSTAIN | 2 | |
| SAL Saudi Logistics Services Co. | March 30, 2026 | Elect Ali Abou Al Saoud as Director | Director Elections | Board | ABSTAIN | 2 | |
| SAL Saudi Logistics Services Co. | March 30, 2026 | Elect Badr Jawhar as Director | Director Elections | Board | ABSTAIN | 2 |
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Built November 8, 2026 from SEC Form N-PX filings.