Home › Asset managers › Principal › 2024-2025 › Against the board
Two kinds of vote are listed: a board-sponsored proposal Principal 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
2,933 proposals.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Principal voted | Funds |
|---|---|---|---|---|---|---|---|
| Merchants Bancorp | May 15, 2025 | Election of Directors: Anne E. Sellers | Director Elections | Board | WITHHOLD | 1 | |
| Merchants Bancorp | May 15, 2025 | Election of Directors: David N. Shane | Director Elections | Board | WITHHOLD | 1 | |
| Merchants Bancorp | May 15, 2025 | Election of Directors: Patrick D. O'Brien | Director Elections | Board | WITHHOLD | 1 | |
| Merchants Bancorp | May 15, 2025 | Election of Directors: Sue Anne Gilroy | Director Elections | Board | WITHHOLD | 1 | |
| Merchants Bancorp | May 15, 2025 | Election of Directors: Tamika D. Catchings | Director Elections | Board | WITHHOLD | 1 | |
| Merck & Co., Inc. | May 27, 2025 | Election of Directors: Patricia F. Russo | Director Elections | Board | AGAINST | 1 | |
| Merck & Co., Inc. | May 27, 2025 | Shareholder proposal regarding a tax transparency report. | Other Social Issues | Shareholder | Against | FOR | 1 |
| Mercury Systems, Inc. | October 23, 2024 | To approve, on an advisory basis, the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Merit Medical Systems, Inc. | May 14, 2025 | The election of four (4) directors to the Merit Medical Systems, Inc. Board of Directors for a three (3) year term or until their successors are elected and qualified: Thomas J. Gunderson | Director Elections | Board | AGAINST | 1 | |
| Merus N.V. | May 21, 2025 | Re-appointment of Anand Mehra, M.D. as non-executive director. | Director Elections | Board | ABSTAIN | 1 | |
| Meta Platforms, Inc. | May 28, 2025 | A shareholder proposal regarding report on AI data usage oversight. | Other Social Issues | Shareholder | Against | FOR | 1 |
| Meta Platforms, Inc. | May 28, 2025 | A shareholder proposal regarding report on data collection and advertising practices. | Other Social Issues | Shareholder | Against | FOR | 1 |
| Meta Platforms, Inc. | May 28, 2025 | A shareholder proposal regarding report on hate targeting marginalized communities. | Other Social Issues | Shareholder | Against | FOR | 1 |
| Meta Platforms, Inc. | May 28, 2025 | Elect Marc L. Andreessen | Director Elections | Board | WITHHOLD | 1 | |
| Meta Platforms, Inc. | May 28, 2025 | Elect Peggy Alford | Director Elections | Board | WITHHOLD | 1 | |
| Meta Platforms, Inc. | May 28, 2025 | Election of Directors: Mark Zuckerberg | Director Elections | Board | WITHHOLD | 1 | |
| Meta Platforms, Inc. | May 28, 2025 | To approve Meta Platforms, Inc.'s 2025 Equity Incentive Plan. | Compensation | Board | AGAINST | 1 | |
| Meta Platforms, Inc. | May 28, 2025 | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement. | Say-on-Pay | Board | AGAINST | 1 | |
| Methanex Corporation | May 1, 2025 | Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | WITHHOLD | 1 | |
| Metso Corp. | April 24, 2025 | Approve Remuneration Report (Advisory Vote) | Compensation | Board | AGAINST | 1 | |
| MicroStrategy Incorporated | January 21, 2025 | To approve and adopt an amendment to Article Four of the MicroStrategy Incorporated Second Restated Certificate of Incorporation to increase the number of authorized shares of class A common stock, par value $0.001 per share, from 330,000,000 shares to 10,330,000,000 shares ("Proposal 1"). | Capital Structure | Board | AGAINST | 1 | |
| MicroStrategy Incorporated | January 21, 2025 | To approve and adopt an amendment to the MicroStrategy Incorporated 2023 Equity Incentive Plan to provide for automatic equity award grants to new directors upon their appointment to the Board of Directors ("Proposal 3"). | Compensation | Board | AGAINST | 1 | |
| MicroStrategy Incorporated | June 12, 2025 | Elect Carl J. Rickertsen | Director Elections | Board | WITHHOLD | 1 | |
| MicroStrategy Incorporated | June 12, 2025 | To elect the following eight (8) directors for the next year: Carl J. Rickertsen | Director Elections | Board | WITHHOLD | 1 | |
| MicroStrategy Incorporated | June 12, 2025 | To elect the following eight (8) directors for the next year: Jarrod M. Patten | Director Elections | Board | WITHHOLD | 1 | |
| MicroStrategy Incorporated | June 12, 2025 | To elect the following eight (8) directors for the next year: Michael J. Saylor | Director Elections | Board | WITHHOLD | 1 | |
| MicroStrategy Incorporated | June 12, 2025 | To elect the following eight (8) directors for the next year: Phong Q. Le | Director Elections | Board | WITHHOLD | 1 | |
| MicroStrategy Incorporated | June 12, 2025 | To elect the following eight (8) directors for the next year: Stephen X. Graham | Director Elections | Board | WITHHOLD | 1 | |
| Microchip Technology Incorporated | August 20, 2024 | Election of Directors: Robert A. Rango | Director Elections | Board | AGAINST | 1 | |
| Microsoft Corporation | December 10, 2024 | Report on AI Misinformation and Disinformation | Other Social Issues | Shareholder | Against | FOR | 1 |
| Microsoft Corporation | December 10, 2024 | Report on Risks of Weapons Development | Other Social Issues | Shareholder | Against | FOR | 1 |
| Microsoft Corporation | December 10, 2024 | Report on Risks of Weapons Development. | Other Social Issues | Shareholder | Against | FOR | 1 |
| Midea Group Co. Ltd. | July 2, 2024 | Approve Asset Pool and Provision of Guarantee | Capital Structure | Board | AGAINST | 1 | |
| Midea Group Co. Ltd. | July 2, 2024 | Elect Dong Wentao as Supervisor | Compensation | Board | AGAINST | 1 | |
| Miller Industries, Inc. | May 23, 2025 | To approve, on an advisory basis, the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Minebea Mitsumi, Inc. | June 27, 2025 | Elect Director Kainuma, Yoshihisa | Director Elections | Board | AGAINST | 1 | |
| Minebea Mitsumi, Inc. | June 27, 2025 | Elect Director Yoshida, Katsuhiko | Director Elections | Board | AGAINST | 1 | |
| Mineral Resources Limited | November 21, 2024 | Approve Remuneration Report | Compensation | Board | AGAINST | 1 | |
| Mitsubishi Corp. | June 20, 2025 | Elect Director Kakiuchi, Takehiko | Director Elections | Board | AGAINST | 1 | |
| Mitsubishi Corp. | June 20, 2025 | Elect Director Nakanishi, Katsuya | Director Elections | Board | AGAINST | 1 | |
| Mitsubishi HC Capital Inc. | June 26, 2025 | Elect Director Hisai, Taiju | Director Elections | Board | AGAINST | 1 | |
| Mitsubishi HC Capital Inc. | June 26, 2025 | Elect Director Yanai, Takahiro | Director Elections | Board | AGAINST | 1 | |
| Mitsubishi Heavy Industries, Ltd. | June 27, 2025 | Elect Director Ito, Eisaku | Director Elections | Board | AGAINST | 1 | |
| Mitsubishi Heavy Industries, Ltd. | June 27, 2025 | Elect Director Izumisawa, Seiji | Director Elections | Board | AGAINST | 1 | |
| Mitsubishi UFJ Financial Group, Inc. | June 27, 2025 | Elect Director Hanzawa, Junichi | Director Elections | Board | AGAINST | 1 | |
| Mitsubishi UFJ Financial Group, Inc. | June 27, 2025 | Elect Director Kamezawa, Hironori | Director Elections | Board | AGAINST | 1 | |
| Mitsubishi UFJ Financial Group, Inc. | June 27, 2025 | Elect Director Kobayashi, Makoto | Director Elections | Board | AGAINST | 1 | |
| Mitsubishi UFJ Financial Group, Inc. | June 27, 2025 | Elect Director Mike, Kanetsugu | Director Elections | Board | AGAINST | 1 | |
| Mitsui & Co., Ltd. | June 18, 2025 | Elect Director Hori, Kenichi | Director Elections | Board | AGAINST | 1 | |
| Mitsui & Co., Ltd. | June 18, 2025 | Elect Director Yasunaga, Tatsuo | Director Elections | Board | AGAINST | 1 | |
| Mitsui O.S.K. Lines, Ltd. | June 24, 2025 | Elect Director Hashimoto, Takeshi | Director Elections | Board | AGAINST | 1 | |
| Mitsui O.S.K. Lines, Ltd. | June 24, 2025 | Elect Director Ikeda, Junichiro | Director Elections | Board | AGAINST | 1 | |
| Mizuho Financial Group, Inc. | June 24, 2025 | Elect Director Imai, Seiji | Director Elections | Board | AGAINST | 1 | |
| Mizuho Financial Group, Inc. | June 24, 2025 | Elect Director Kihara, Masahiro | Director Elections | Board | AGAINST | 1 | |
| Moderna, Inc. | April 30, 2025 | To approve, on a non-binding, advisory basis, the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Modine Manufacturing Company | August 15, 2024 | Election of Directors: Ms. Christine Y. Yan | Director Elections | Board | AGAINST | 1 | |
| Moelis & Company | June 5, 2025 | Election Of Directors: Kenneth L. Shropshire | Director Elections | Board | AGAINST | 1 | |
| Moelis & Company | June 5, 2025 | Election Of Directors: Laila J. Worrell | Director Elections | Board | AGAINST | 1 | |
| Moelis & Company | June 5, 2025 | To approve, on an advisory basis, the compensation of our Named Executive Officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Molina Healthcare, Inc. | April 30, 2025 | To elect nine directors to hold office until the 2026 Annual Meeting: Ronna E. Romney | Director Elections | Board | AGAINST | 1 | |
| Molson Coors Beverage Company | May 14, 2025 | Elect Roger G. Eaton | Director Elections | Board | WITHHOLD | 1 | |
| MonotaRO Co., Ltd. | March 25, 2025 | Elect Director Kishida, Masahiro | Director Elections | Board | AGAINST | 1 | |
| Morgan Stanley | May 15, 2025 | Election of Directors: Mary L. Schapiro | Director Elections | Board | AGAINST | 1 | |
| Morgan Stanley | May 15, 2025 | To approve the Amended and Restated Equity Incentive Compensation Plan | Compensation | Board | AGAINST | 1 | |
| Mowi ASA | June 4, 2025 | Approve Equity Plan Financing | Compensation | Board | AGAINST | 1 | |
| Mowi ASA | June 4, 2025 | Approve Remuneration Statement | Compensation | Board | AGAINST | 1 | |
| Mueller Water Products, Inc. | February 6, 2025 | Election of Directors: Brian C. Healy | Director Elections | Board | AGAINST | 1 | |
| Mueller Water Products, Inc. | February 6, 2025 | Election of Directors: Christine Ortiz | Director Elections | Board | AGAINST | 1 | |
| Mueller Water Products, Inc. | February 6, 2025 | Election of Directors: Jeffery S. Sharritts | Director Elections | Board | AGAINST | 1 | |
| Mueller Water Products, Inc. | February 6, 2025 | Election of Directors: Marietta Edmunds Zakas | Director Elections | Board | AGAINST | 1 | |
| Mueller Water Products, Inc. | February 6, 2025 | Election of Directors: Stephen C. Van Arsdell | Director Elections | Board | AGAINST | 1 | |
| Mueller Water Products, Inc. | February 6, 2025 | Election of Directors: Thomas J. Hansen | Director Elections | Board | AGAINST | 1 | |
| Mueller Water Products, Inc. | February 6, 2025 | To approve, on an advisory basis, the compensation of the Company's named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Murata Manufacturing Co. Ltd. | June 27, 2025 | Elect Director Nakajima, Norio | Director Elections | Board | AGAINST | 1 | |
| Murata Manufacturing Co., Ltd. | June 27, 2025 | Elect Hiroshi Iwatsubo | Director Elections | Board | AGAINST | 1 | |
| Murata Manufacturing Co., Ltd. | June 27, 2025 | Elect Hiroshi Izumitani | Director Elections | Board | AGAINST | 1 | |
| Murata Manufacturing Co., Ltd. | June 27, 2025 | Elect Masanori Minamide | Director Elections | Board | AGAINST | 1 | |
| Murata Manufacturing Co., Ltd. | June 27, 2025 | Elect Norio Nakajima | Director Elections | Board | AGAINST | 1 | |
| Murata Manufacturing Co., Ltd. | June 27, 2025 | Elect Takaki Murata | Director Elections | Board | AGAINST | 1 | |
| N-able, Inc. | May 22, 2025 | Election of Class I Directors: William Bock | Director Elections | Board | WITHHOLD | 1 | |
| NAPCO Security Technologies, Inc. | December 12, 2024 | Election of Directors: Donna Soloway | Director Elections | Board | WITHHOLD | 1 | |
| NAPCO Security Technologies, Inc. | December 12, 2024 | Election of Directors: Rick Lazio | Director Elections | Board | WITHHOLD | 1 | |
| NCR Voyix Corporation | June 6, 2025 | Election of Directors: Janet Haugen | Director Elections | Board | AGAINST | 1 | |
| NCR Voyix Corporation | June 6, 2025 | To approve, on a non-binding and advisory basis, the compensation of the named executive officers as more particularly described in the proxy materials | Say-on-Pay | Board | AGAINST | 1 | |
| NEXON Co., Ltd. | March 26, 2025 | Approve Deep Discount Stock Option Plan | Compensation | Board | AGAINST | 1 | |
| NEXON Co., Ltd. | March 26, 2025 | Elect Director Junghun Lee | Director Elections | Board | AGAINST | 1 | |
| NEXON Co., Ltd. | March 26, 2025 | Elect Junghun LEE | Director Elections | Board | AGAINST | 1 | |
| NIBE Industrier AB | May 15, 2025 | Reelect Hans Linnarson (Chair), James Ahrgren, Camilla Ekdahl, Eva Karlsson, Gerteric Lindquist, Anders Palsson and Eva Thunholm as Directors | Director Elections | Board | AGAINST | 1 | |
| NICE Ltd. (Israel) | July 3, 2024 | Approve CEO Equity Award | Compensation | Board | AGAINST | 1 | |
| NIKE, Inc. | September 10, 2024 | Class B director nominees: To elect a Board of Directors for the ensuing year: John Rogers, Jr. | Director Elections | Board | WITHHOLD | 1 | |
| NIKE, Inc. | September 10, 2024 | Election of Class B directors: John Rogers, Jr. | Director Elections | Board | WITHHOLD | 1 | |
| NIKE, Inc. | September 10, 2024 | To approve executive compensation by an advisory vote. | Say-on-Pay | Board | AGAINST | 1 | |
| NIKE, Inc. | September 10, 2024 | To consider a shareholder proposal regarding Environmental Targets, if properly presented at the meeting. | Environment or Climate | Shareholder | Against | FOR | 1 |
| NIKE, Inc. | September 10, 2024 | To consider a shareholder proposal regarding Supplemental Pay Equity Disclosure, if properly presented at the meeting. | Diversity, Equity, and Inclusion | Shareholder | Against | FOR | 1 |
| NIKE, Inc. | September 10, 2024 | To consider a shareholder proposal regarding a Supply Chain Management Report, if properly presented at the meeting. | Other Social Issues | Shareholder | Against | FOR | 1 |
| NIPPON EXPRESS HOLDINGS,INC. | March 28, 2025 | Elect Mamoru Akaishi | Director Elections | Board | AGAINST | 1 | |
| NIPPON EXPRESS HOLDINGS,INC. | March 28, 2025 | Elect Mitsuru Saito | Director Elections | Board | AGAINST | 1 | |
| NIPPON EXPRESS HOLDINGS,INC. | March 28, 2025 | Elect Sachiko Abe | Director Elections | Board | AGAINST | 1 | |
| NIPPON EXPRESS HOLDINGS,INC. | March 28, 2025 | Elect Satoshi Horikiri | Director Elections | Board | AGAINST | 1 | |
| NIPPON STEEL CORP. | June 24, 2025 | Elect Director Hashimoto, Eiji | Director Elections | Board | AGAINST | 1 |
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Built November 1, 2026 from SEC Form N-PX filings.