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Northern Trust 2025-2026: where it broke with 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.

Northern Trust, 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 recommendedNorthern Trust votedFunds
160 Health International Ltd. May 29, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
160 Health International Ltd. May 29, 2026 Elect Liu Haibin as Director Director Elections Board AGAINST 1
160 Health International Ltd. May 29, 2026 Elect Luo Ningzheng as Director Director Elections Board AGAINST 1
160 Health International Ltd. May 29, 2026 Elect Sun Meng as Director Director Elections Board AGAINST 1
360 One Wam Limited September 5, 2025 Approve 360 ONE Employees Stock Option Scheme 2025 Compensation Board AGAINST 1
360 One Wam Limited September 5, 2025 Approve 360 ONE Employees Stock Option Scheme 2025 for the Employees of the Subsidiary Company(ies) of the Company Compensation Board AGAINST 1
360 One Wam Limited September 5, 2025 Reelect Rishi Mandawat as Director Director Elections Board AGAINST 1
360 One Wam Limited November 29, 2025 Approve 360 ONE Employee Stock Option Scheme 2025 - Series 1 for Employees of the Subsidiary Company(ies) Compensation Board AGAINST 1
360 One Wam Limited November 29, 2025 Approve 360 ONE Employee Stock Option Scheme 2025 - Series 2 Compensation Board AGAINST 1
360 One Wam Limited November 29, 2025 Approve 360 ONE Employee Stock Option Scheme 2025 - Series 2 for Employees of the Subsidiary Company(ies) Compensation Board AGAINST 1
361 Degrees International Limited May 15, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
361 Degrees International Limited May 15, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
361 Degrees International Limited May 15, 2026 Elect Hon Ping Cho Terence as Director Director Elections Board AGAINST 1
361 Degrees International Limited May 15, 2026 Elect Wang Jiabi as Director Director Elections Board AGAINST 1
37 Interactive Entertainment Network Technology Group Co. Ltd. May 13, 2026 Amend Dividends Management System Capital Structure Board AGAINST 1
3D Systems Corporation May 14, 2026 The approval of the amendment and restatement of the 2015 Incentive Plan to increase the number of shares reserved for issuance thereunder by 4,000,000 shares and to extend the term until 2036. Compensation Board AGAINST 1
3peak, Inc. April 21, 2026 Approve Remuneration (Allowance) of Directors Compensation Board AGAINST 1
8x8, Inc. July 25, 2025 To approve an amendment to the 8x8, Inc.'s 2022 Equity Incentive Plan to increase the number of shares of common stock available for issuance thereunder by 8,500,000 shares. Compensation Board AGAINST 1
AAK AB May 8, 2026 Approve Incentive Program 2026/2029 for Key Employees Compensation Board AGAINST 1
AAK AB May 8, 2026 Reelect Marta Schorling Andreen (Chair), Daniel Kristiansson, Elisabet Jamal Bergstrom and Carl Mattiasson as Members of Nominating Committee Director Elections Board AGAINST 1
ABC-MART, INC. May 26, 2026 Elect Director Hattori, Kiichiro Director Elections Board AGAINST 1
ABC-MART, INC. May 26, 2026 Elect Director Noguchi, Minoru Director Elections Board AGAINST 1
ABIVAX SA May 11, 2026 Please see Exhibit A of the Depositary Notice of Combined General Meeting for agenda items. Say-on-Pay Board AGAINST 1
ABL Bio, Inc. March 27, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 1
ACC Limited February 17, 2026 Elect Shruti Shah as Director Director Elections Board AGAINST 1
ACEN Corporation April 22, 2026 Elect Christopher Paul Beshouri as Director Director Elections Board AGAINST 1
ACEN Corporation April 22, 2026 Elect David John Nicol as Director Director Elections Board AGAINST 1
ACOM Co., Ltd. June 23, 2026 Elect Director Kinoshita, Masataka Director Elections Board AGAINST 1
ACOM Co., Ltd. June 23, 2026 Elect Director Kinoshita, Shigeyoshi Director Elections Board AGAINST 1
ADATA Technology Co. Ltd. May 22, 2026 Approve Issuance of Employee Restricted Stock Awards Compensation Board AGAINST 1
ADATA Technology Co. Ltd. May 22, 2026 Approve Issuance of Shares via a Private Placement Capital Structure Board AGAINST 1
ADATA Technology Co. Ltd. May 22, 2026 Elect Chen, Tzu-Chang as Independent Director Director Elections Board AGAINST 1
ADC Therapeutics SA June 1, 2026 Approving amendments to articles 4a, 4b and 4c of the articles of association to increase the Company's capital range (article 4a), conditional share capital for employee participation (article 4b) and conditional share capital for financing, acquisitions and other purposes (article 4c) as well as the introduction of article 4d regarding a conditional share capital based on the capital range. The Board of Directors proposes that the amendments to article 4a paragraph 1 of the articles of association to increase the Company's capital range from CHF 8,375,974.48 (lower limit) and CHF 12,354,128.80 (upper limit) to CHF 10,378,109.12 (lower limit) and CHF 15,567,163.68 (upper limit) be approved. Capital Structure Board AGAINST 1
ADC Therapeutics SA June 1, 2026 Approving an amendment to increase the number of shares authorized under the 2019 Equity Incentive Plan The Board of Directors proposes that an amendment to increase the number of shares authorized under 2019 Equity Incentive Plan be approved. Compensation Board AGAINST 1
ADC Therapeutics SA June 1, 2026 Approving, on a binding basis under Swiss law, the compensation of the Board of Directors and the Executive Committee The Board of Directors proposes that the maximum aggregate amount of compensation for the members of the Board of Directors for the period between the Annual Meeting and the 2027 annual general meeting of Shareholders be set at $2,500,000. Compensation Board AGAINST 1
ADC Therapeutics SA June 1, 2026 The Board of Directors proposes that a new article 4d be introduced in the articles of association regarding a conditional share capital based on the capital range, and that article 4a be amended accordingly, to provide for the issuance of up to 64,863,182 common shares (CHF 5,189,054.56). Capital Structure Board AGAINST 1
ADC Therapeutics SA June 1, 2026 The Board of Directors proposes that the amendments to article 4b paragraph 1 of the articles of association to increase the Company's conditional share capital for employee participation from 9,887,629 common shares (CHF 791,010.32) to 16,836,253 common shares (CHF 1,346,900.24) be approved. Capital Structure Board AGAINST 1
ADC Therapeutics SA June 1, 2026 The Board of Directors proposes that the amendments to article 4c paragraph 1 of the articles of association to increase the Company's conditional share capital for financing, acquisitions and other purposes from 38,026,929 common shares (CHF 3,042,154.32) to 48,026,929 common shares (CHF 3,842,154.32) be approved. Capital Structure Board AGAINST 1
ADNOC Gas Plc April 6, 2026 Approve Remuneration of Directors for FY 2025 Compensation Board AGAINST 1
ADNOC Gas Plc April 6, 2026 Elect Seven Members to the Board of Directors of the Company for a New Term of Three Years Director Elections Board AGAINST 1
ADT Inc. May 27, 2026 Election of Directors To be elected for terms expiring in 2027: Danielle Tiedt Director Elections Board WITHHOLD 1
AECC Aero-engine Control Co., Ltd. November 27, 2025 Elect Mou Xin as Director Director Elections Board AGAINST 1
AEGEAN AIRLINES S.A. April 22, 2026 SUBMISSION FOR DISCUSSION AND VOTING OF THE REMUNERATION REPORT FOR BOARD OF DIRECTORS MEMBERS FOR FISCAL YEAR 2025, IN ACCORDANCE WITH ARTICLE 112 OF L.4548/2018 Say-on-Pay Board AGAINST 1
AEON Financial Service Co., Ltd. May 22, 2026 Elect Director Fukayama, Tomoharu Director Elections Board AGAINST 1
AEON Financial Service Co., Ltd. May 22, 2026 Elect Director Shirakawa, Shunsuke Director Elections Board AGAINST 1
AEON Kyushu Co., Ltd. May 20, 2026 Elect Director Nakagawa, Isei Director Elections Board AGAINST 1
AF Gruppen ASA May 13, 2026 Elect Directors (Vote for All Candidates) Director Elections Board AGAINST 1
AF Gruppen ASA May 13, 2026 Reelect Erik T. Veiby as Director Director Elections Board AGAINST 1
AF Gruppen ASA May 13, 2026 Reelect Kristian Holth as Director Director Elections Board AGAINST 1
AF Gruppen ASA May 13, 2026 Reelect Marianne G. Ebbesen as Director Director Elections Board AGAINST 1
AFI Properties Ltd. March 3, 2026 Reappoint Kost Forer Gabbay and Kasierer (EY) as Auditors and Report Fees Paid to Auditors Audit-related Board AGAINST 1
AFRIMAT LIMITED July 23, 2025 NON-BINDING ENDORSEMENT OF AFRIMAT'S IMPLEMENTATION REPORT ON THE REMUNERATION POLICY Say-on-Pay Board AGAINST 1
AFRY AB April 28, 2026 Reelect Asa Pettersson as Director Director Elections Board AGAINST 1
AFRY AB April 28, 2026 Reelect Viveka Beckeman as Director Director Elections Board AGAINST 1
AG Anadolu Grubu Holding AS April 17, 2026 Elect Directors and Approve Their Remuneration Director Elections Board AGAINST 1
AGL Energy Limited October 3, 2025 Elect John Pollaers as Director Director Elections Board AGAINST 1
AGL Energy Limited October 3, 2025 Elect Mark Twidell as Director Director Elections Board AGAINST 1
AIB Group plc April 30, 2026 Re-elect Basil Geoghegan as Director Director Elections Board AGAINST 1
AIB Group plc April 30, 2026 Re-elect Elaine MacLean as Director Director Elections Board AGAINST 1
AIB Group plc April 30, 2026 Re-elect James Pettigrew as Director Director Elections Board AGAINST 1
ALIOR BANK S.A. April 29, 2026 ADOPTION OF A RESOLUTION ON EXPRESSING AN OPINION ON THE REPORT SUBMITTED BY THE SUPERVISORY BOARD BANK "REPORTS ON THE REMUNERATION OF MEMBERS OF THE MANAGEMENT BOARD AND SUPERVISORY BOARD OF ALIOR BANK SA FOR 2025" Say-on-Pay Board AGAINST 1
ALK-Abello A/S March 16, 2026 Approve Remuneration Report (Advisory Vote) Compensation Board AGAINST 1
ALK-Abello A/S March 16, 2026 Reelect Alan Main as Director Director Elections Board ABSTAIN 1
ALK-Abello A/S March 16, 2026 Reelect Anders Hedegaard (Chair) as Director Director Elections Board ABSTAIN 1
ALK-Abello A/S March 16, 2026 Reelect Lars Holmqvist as Director Director Elections Board ABSTAIN 1
ALLFUNDS GROUP PLC May 7, 2026 TO APPROVE THE DIRECTORS' REMUNERATION REPORT. (EXCLUDING THE DIRECTORS' REMUNERATION POLICY) Say-on-Pay Board AGAINST 1
ALLIED GAMING & ENTERTAINMENT, INC. August 4, 2025 The Company's proposal to approve, in a non-binding advisory vote, the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 1
ALPHA PRO TECH, LTD. June 10, 2026 The advisory approval of the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 1
ALS Limited July 30, 2025 Elect Siddhartha Kadia as Director Director Elections Board AGAINST 1
ALSO Holding AG March 18, 2026 Approve Creation of Capital Band within the Upper Limit of CHF 15.3 Million and the Lower Limit of CHF 12.8 Million with or without Exclusion of Preemptive Rights; Amend Articles Re: Conditional Capital Capital Structure Board AGAINST 1
ALSO Holding AG March 18, 2026 Approve Fixed Remuneration of Executive Committee in the Amount of EUR 3.5 Million Compensation Board AGAINST 1
ALSO Holding AG March 18, 2026 Approve Remuneration of Directors in the Amount of CHF 5 Million Compensation Board AGAINST 1
ALSO Holding AG March 18, 2026 Approve Variable Remuneration of Executive Committee in the Amount of EUR 3.5 Million Compensation Board AGAINST 1
ALSO Holding AG March 18, 2026 Reappoint Peter Athanas as Member of the Compensation Committee Director Elections Board AGAINST 1
ALSO Holding AG March 18, 2026 Reappoint Walter Droege as Member of the Compensation Committee Director Elections Board AGAINST 1
ALSO Holding AG March 18, 2026 Reelect Peter Athanas as Director Director Elections Board AGAINST 1
ALSO Holding AG March 18, 2026 Reelect Walter Droege as Director Director Elections Board AGAINST 1
AMERICAN STRATEGIC INVESTMENT CO. June 2, 2026 The adoption of a non-binding advisory resolution regarding executive compensation. Say-on-Pay Board AGAINST 1
AMOREPACIFIC Holdings Corp. March 26, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 1
AMP Limited April 10, 2026 Elect Andrew Best as Director Director Elections Board AGAINST 1
AMP Limited April 10, 2026 Elect Michael Sammells as Director Director Elections Board AGAINST 1
AMPHENOL CORPORATION May 21, 2026 Advisory vote to approve compensation of named executive officers Say-on-Pay Board AGAINST 1
ANIXA BIOSCIENCES, INC. March 10, 2026 To approve on a non-binding, advisory basis the compensation of our named executive officers: Say-on-Pay Board AGAINST 1
ANYCOLOR, Inc. July 29, 2025 Elect Director Tazumi, Riku Director Elections Board AGAINST 1
AOKI Holdings, Inc. June 25, 2026 Elect Director Aoki, Akihiro Director Elections Board AGAINST 1
AOKI Holdings, Inc. June 25, 2026 Elect Director Tamura, Haruo Director Elections Board AGAINST 1
APAR Industries Ltd. August 5, 2025 Approve Appointment and Remuneration of Rishabh Kushal Desai as Whole-Time Director Compensation Board AGAINST 1
APT Medical, Inc. April 14, 2026 Approve Authorization of the Board to Handle All Related Matters Compensation Board AGAINST 1
APT Medical, Inc. April 14, 2026 Approve Draft and Summary of Performance Shares Incentive Plan Compensation Board AGAINST 1
APT Medical, Inc. April 14, 2026 Approve Performance Shares Incentive Plan Implementation Assessment Management Measures Compensation Board AGAINST 1
AQUA METALS, INC. July 22, 2025 To approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the accompanying Proxy Statement; and Say-on-Pay Board AGAINST 1
ARB Corporation Limited October 16, 2025 Elect Robert Fraser as Director Director Elections Board AGAINST 1
AROUNDTOWN SA June 24, 2026 PRESENTATION AND APPROVAL ON AN ADVISORY NON-BINDING BASIS (ADVISORY VOTE) OF THE REMUNERATION REPORT FOR THE FINANCIAL YEAR ENDED ON 31 DECEMBER 2025. RESOLUTION PROPOSED BY THE BOARD OF DIRECTORS: THE GENERAL MEETING APPROVES ON AN ADVISORY NON-BINDING Say-on-Pay Board AGAINST 1
AS ONE Corp. June 24, 2026 Elect Director and Audit Committee Member Toyoda, Tsukasa Director Elections Board AGAINST 1
ASHFORD HOSPITALITY TRUST, INC. May 12, 2026 To obtain advisory approval of the Company's executive compensation. Say-on-Pay Board AGAINST 1
ASKUL Corp. August 5, 2025 Elect Director and Audit Committee Member Asaeda, Yoshitaka Director Elections Board AGAINST 1
ASM International NV May 11, 2026 Elect De Jong to Supervisory Board Director Elections Board AGAINST 1
ASMedia Technology Inc. June 17, 2026 Amend Procedures for Lending Funds to Other Parties Extraordinary Transactions Board AGAINST 1
ASMedia Technology Inc. June 17, 2026 Approve Issuance of Restricted Stocks Compensation Board AGAINST 1
ASMedia Technology Inc. June 17, 2026 Elect Shieh Chang Pying, with Shareholder No. A121453XXXX, as Independent Director Director Elections Board AGAINST 1

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Built November 8, 2026 from SEC Form N-PX filings.