Home › Asset managers › Principal › 2024-2025 › Against the board
2,932 proposals in the 2024-2025 proxy season: Principal voted against, or withheld its votes from, 2,862 proposals put forward by company boards, and voted for 70 shareholder proposals, by its own Form N-PX filings.
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
2,932 proposals.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Principal voted | Funds |
|---|---|---|---|---|---|---|---|
| Toray Industries, Inc. | June 26, 2025 | Elect Director Oya, Mitsuo | Director Elections | Board | AGAINST | 1 | |
| TotalEnergies SE | May 23, 2025 | Elect Hazel Clinton Fowler Representative of Employee Shareholders to the Board | Director Elections | Board | AGAINST | 1 | |
| TotalEnergies SE | May 23, 2025 | Elect Laurent Mignon as Director | Director Elections | Board | AGAINST | 1 | |
| Tower Semiconductor Ltd. | July 31, 2024 | Elect Yoav Chelouche | Director Elections | Board | AGAINST | 1 | |
| Toyo Suisan Kaisha, Ltd. | June 26, 2025 | Elect Director Sumimoto, Noritaka | Director Elections | Board | AGAINST | 1 | |
| Toyo Suisan Kaisha, Ltd. | June 26, 2025 | Elect Director Tsutsumi, Tadasu | Director Elections | Board | AGAINST | 1 | |
| Toyota Tsusho Corp. | June 20, 2025 | Elect Director Imai, Toshimitsu | Director Elections | Board | AGAINST | 1 | |
| Toyota Tsusho Corp. | June 20, 2025 | Elect Director Murakami, Nobuhiko | Director Elections | Board | AGAINST | 1 | |
| Tradeweb Markets Inc. | May 20, 2025 | Elect Lisa Opoku | Director Elections | Board | WITHHOLD | 1 | |
| Transocean Ltd. | May 30, 2025 | 1B Approval of the Swiss Statutory Compensation Report for Fiscal Year 2024 | Compensation | Board | AGAINST | 1 | |
| Transocean Ltd. | May 30, 2025 | Advisory Vote to Approve Named Executive Officer Compensation for Fiscal Year 2025 | Say-on-Pay | Board | AGAINST | 1 | |
| Travere Therapeutics Inc. | May 15, 2025 | Elect John Orwin | Director Elections | Board | WITHHOLD | 1 | |
| Treasury Wine Estates Limited | October 17, 2024 | Approve Conditional Board Spill Meeting Resolution | Compensation | Board | AGAINST | 1 | |
| Treasury Wine Estates Limited | October 17, 2024 | Elect John Mullen as Director | Director Elections | Board | AGAINST | 1 | |
| Trend Micro, Inc. | March 27, 2025 | Elect Director Chang Ming-Jang | Director Elections | Board | AGAINST | 1 | |
| Trend Micro, Inc. | March 27, 2025 | Elect Director Eva Chen | Director Elections | Board | AGAINST | 1 | |
| Trex Company, Inc. | May 6, 2025 | Non-binding advisory vote on executive compensation ("say-on-pay"). | Say-on-Pay | Board | ABSTAIN | 1 | |
| Trimble Inc. | September 30, 2024 | Elect Borje Ekholm | Director Elections | Board | WITHHOLD | 1 | |
| Trimble Inc. | September 30, 2024 | Elect Meaghan Lloyd | Director Elections | Board | WITHHOLD | 1 | |
| Trimble Inc. | September 30, 2024 | Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the current fiscal year, ending January 3, 2025. | Audit-related | Board | AGAINST | 1 | |
| Trip.com Group Limited | June 30, 2025 | Elect Rong Luo as Director | Director Elections | Board | AGAINST | 1 | |
| TripAdvisor, Inc. | June 18, 2025 | Election of Directors: Betsy L. Morgan | Director Elections | Board | WITHHOLD | 1 | |
| TripAdvisor, Inc. | June 18, 2025 | Election of Directors: Gregory B. Maffei | Director Elections | Board | WITHHOLD | 1 | |
| TripAdvisor, Inc. | June 18, 2025 | Election of Directors: Jeremy Philips | Director Elections | Board | WITHHOLD | 1 | |
| Triumph Financial, Inc. | April 22, 2025 | Approval of the Fourth Amendment to the Triumph Financial, Inc. 2014 Omnibus Incentive Plan | Compensation | Board | AGAINST | 1 | |
| Triumph Financial, Inc. | April 22, 2025 | Management Proposal Regarding Advisory Approval of the Company's Executive Compensation | Say-on-Pay | Board | AGAINST | 1 | |
| Tronox Holdings plc | May 7, 2025 | Approve forms of share repurchase contracts and share repurchase counterparties. | Capital Structure | Board | AGAINST | 1 | |
| Tutor Perini Corporation | May 15, 2025 | Approve the compensation of the Company's named executive officers on an advisory (non-binding) basis. | Say-on-Pay | Board | AGAINST | 1 | |
| Tutor Perini Corporation | May 15, 2025 | Election of Directors: Dennis D. Oklak | Director Elections | Board | AGAINST | 1 | |
| Tutor Perini Corporation | May 15, 2025 | Election of Directors: Robert C. Lieber | Director Elections | Board | AGAINST | 1 | |
| Tutor Perini Corporation | May 15, 2025 | Election of Directors: Shahrokh ("Rock") Shah | Director Elections | Board | AGAINST | 1 | |
| Twist Bioscience Corporation | February 5, 2025 | Elect Nelson C. Chan | Director Elections | Board | WITHHOLD | 1 | |
| Twist Bioscience Corporation | February 5, 2025 | Elect Robert P. Ragusa | Director Elections | Board | WITHHOLD | 1 | |
| Tyler Technologies, Inc. | May 6, 2025 | Shareholder Proposal Regarding Political Spending. | Other Social Issues | Shareholder | Against | FOR | 1 |
| Tyson Foods, Inc. | February 6, 2025 | Election of Directors: Barbara A. Tyson | Director Elections | Board | AGAINST | 1 | |
| Tyson Foods, Inc. | February 6, 2025 | Election of Directors: John H. Tyson | Director Elections | Board | AGAINST | 1 | |
| Tyson Foods, Inc. | February 6, 2025 | Election of Directors: Kate B. Quinn | Director Elections | Board | AGAINST | 1 | |
| Tyson Foods, Inc. | February 6, 2025 | Election of Directors: Les R. Baledge | Director Elections | Board | AGAINST | 1 | |
| Tyson Foods, Inc. | February 6, 2025 | Election of Directors: Mike Beebe | Director Elections | Board | AGAINST | 1 | |
| U-NEXT HOLDINGS Co., Ltd. | November 28, 2024 | Appoint Statutory Auditor Kondo, Michiko | Compensation | Board | AGAINST | 1 | |
| U-NEXT HOLDINGS Co., Ltd. | November 28, 2024 | Elect Director Natsuno, Takeshi | Director Elections | Board | AGAINST | 1 | |
| U-NEXT HOLDINGS Co., Ltd. | November 28, 2024 | Elect Director Uno, Yasuhide | Director Elections | Board | AGAINST | 1 | |
| UBS Group AG | April 10, 2025 | Elect Renata Bruengger as Director | Director Elections | Board | AGAINST | 1 | |
| USANA Health Sciences, Inc. | May 19, 2025 | Approval of the USANA Health Sciences, Inc. 2025 Equity Incentive Plan. | Compensation | Board | AGAINST | 1 | |
| UTZ Brands, Inc. | April 24, 2025 | Election of four Class II Directors named in the Proxy Statement to serve on the Company's Board of Directors until the 2028 annual meeting of stockholders or until his or her successor is elected and qualified: Antonio Fernandez | Director Elections | Board | WITHHOLD | 1 | |
| Ultra Clean Holdings, Inc. | May 21, 2025 | Approval, by an advisory vote, of the compensation of Ultra Clean Holdings, Inc.'s named executive officers for fiscal 2024 as disclosed in our proxy statement for the 2025 Annual Meeting of Stockholders. | Say-on-Pay | Board | AGAINST | 1 | |
| Ultra Clean Holdings, Inc. | May 21, 2025 | Election of Directors: David T. ibnAle | Director Elections | Board | AGAINST | 1 | |
| Ultra Clean Holdings, Inc. | May 21, 2025 | Election of Directors: Ernest E. Maddock | Director Elections | Board | AGAINST | 1 | |
| Ultra Clean Holdings, Inc. | May 21, 2025 | Election of Directors: Thomas T. Edman | Director Elections | Board | AGAINST | 1 | |
| Ultragenyx Pharmaceutical Inc. | May 15, 2025 | Nominees: Amrit Ray, M.D. | Director Elections | Board | WITHHOLD | 1 | |
| Ultragenyx Pharmaceutical Inc. | May 15, 2025 | Nominees: Matthew K. Fust | Director Elections | Board | WITHHOLD | 1 | |
| Under Armour, Inc. | September 4, 2024 | Election of Directors: Carolyn N. Everson | Director Elections | Board | WITHHOLD | 1 | |
| Under Armour, Inc. | September 4, 2024 | Election of Directors: Eric T. Olson | Director Elections | Board | WITHHOLD | 1 | |
| Under Armour, Inc. | September 4, 2024 | Election of Directors: Jerri L. DeVard | Director Elections | Board | WITHHOLD | 1 | |
| Under Armour, Inc. | September 4, 2024 | Election of Directors: Karen W. Katz | Director Elections | Board | WITHHOLD | 1 | |
| Under Armour, Inc. | September 4, 2024 | Election of Directors: Kevin A. Plank | Director Elections | Board | WITHHOLD | 1 | |
| Unicharm Corp. | March 19, 2025 | Elect Director Takahara, Takahisa | Director Elections | Board | AGAINST | 1 | |
| Unicredit S.p.A. | March 27, 2025 | Remuneration Policy | Compensation | Board | AGAINST | 1 | |
| Unicredit S.p.A. | March 27, 2025 | Remuneration Report | Compensation | Board | AGAINST | 1 | |
| Unilever plc | April 30, 2025 | Elect Adrian Hennah | Director Elections | Board | AGAINST | 1 | |
| Unipol Assicurazioni SpA | April 29, 2025 | Approve Compensation Plan | Compensation | Board | AGAINST | 1 | |
| Unipol Assicurazioni SpA | April 29, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 1 | |
| Unipol Assicurazioni SpA | April 29, 2025 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 1 | |
| Unipol Assicurazioni SpA | April 29, 2025 | Authorize Share Repurchase Program and Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| United Community Banks, Inc. | May 14, 2025 | Elect David H. Wilkins | Director Elections | Board | WITHHOLD | 1 | |
| United Natural Foods, Inc. | December 17, 2024 | To approve the Fourth Amended and Restated 2020 Equity Incentive Plan. | Compensation | Board | AGAINST | 1 | |
| United Parks & Resorts Inc. | June 13, 2025 | Approval of the United Parks & Resorts Inc., 2025 Omnibus Incentive Plan. | Compensation | Board | AGAINST | 1 | |
| United Parks & Resorts Inc. | June 13, 2025 | To elect the ten director nominees: James Chambers | Director Elections | Board | AGAINST | 1 | |
| United Parks & Resorts Inc. | June 13, 2025 | To elect the ten director nominees: Kimberly Schaefer | Director Elections | Board | AGAINST | 1 | |
| United Parks & Resorts Inc. | June 13, 2025 | To elect the ten director nominees: Neha Jogani Narang | Director Elections | Board | AGAINST | 1 | |
| UnitedHealth Group Incorporated | June 2, 2025 | Election of Directors: Andrew Witty | Director Elections | Board | ABSTAIN | 1 | |
| UnitedHealth Group Incorporated | June 2, 2025 | Election of Directors: John Noseworthy, M.D. | Director Elections | Board | AGAINST | 1 | |
| UnitedHealth Group Incorporated | June 2, 2025 | Election of Directors: Timothy Flynn | Director Elections | Board | AGAINST | 1 | |
| Universal Health Services, Inc. | May 14, 2025 | Election of Directors: Maria R. Singer | Director Elections | Board | WITHHOLD | 1 | |
| UroGen Pharma Ltd. | August 6, 2024 | To approve the Company's 2024 non-employee director and officer compensation policy. | Compensation | Board | AGAINST | 1 | |
| Utah Medical Products, Inc. | May 2, 2025 | To elect one director to serve a term expiring at the 2028 Annual Meeting and until a successor is elected and qualified: Carrie Leigh | Director Elections | Board | WITHHOLD | 1 | |
| VF Corporation | July 23, 2024 | Vote to approve the amendment and restatement of the 1996 Stock Compensation Plan. | Compensation | Board | AGAINST | 1 | |
| VSE Corporation | May 8, 2025 | Approval of an amendment to VSE's Restated Certificate of Incorporation, as amended, to increase the number of authorized shares of common stock from 23,000,000 shares to 44,000,000 shares. | Capital Structure | Board | AGAINST | 1 | |
| Valero Energy Corporation | May 6, 2025 | Advisory vote to approve the 2024 compensation of named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Vallourec SA | May 22, 2025 | Approve Compensation of Philippe Guillemot, Chairman and CEO | Compensation | Board | AGAINST | 1 | |
| Vallourec SA | May 22, 2025 | Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plans With Performance Conditions Attached | Compensation | Board | AGAINST | 1 | |
| Valmet Corp. | March 26, 2025 | Approve Remuneration Report (Advisory Vote) | Compensation | Board | AGAINST | 1 | |
| Vantage Drilling International Ltd. | October 10, 2024 | Elect Director Jorn Peter Madsen | Director Elections | Board | AGAINST | 1 | |
| Vantage Drilling International Ltd. | October 10, 2024 | Elect Director L. Spencer Wells | Director Elections | Board | AGAINST | 1 | |
| Vantage Drilling International Ltd. | October 10, 2024 | Elect Director Nils E. Larsen | Director Elections | Board | AGAINST | 1 | |
| Vantage Drilling International Ltd. | October 10, 2024 | Elect Director Scott McReaken | Director Elections | Board | AGAINST | 1 | |
| Vantage Drilling International Ltd. | October 10, 2024 | Elect Director Thomas R. Bates, Jr. | Director Elections | Board | AGAINST | 1 | |
| Var Energi ASA | May 12, 2025 | Approve Creation of NOK 39.9 Million Pool of Capital without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Var Energi ASA | May 12, 2025 | Approve Remuneration Statement | Compensation | Board | AGAINST | 1 | |
| Var Energi ASA | May 12, 2025 | Authorize Share Repurchase Program and Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| Varonis Systems, Inc. | June 5, 2025 | To elect four Class II director nominees named herein to the Board of Directors to hold office until the 2028 Annual Meeting of Stockholders: Carlos Aued | Director Elections | Board | WITHHOLD | 1 | |
| Vector Group Ltd. | August 20, 2024 | Advisory vote on executive compensation (the "say on pay vote"): | Say-on-Pay | Board | AGAINST | 1 | |
| Venture Global, Inc. | May 21, 2025 | Election of the 7 director nominees named in this proxy statement: Michael Sabel | Director Elections | Board | WITHHOLD | 1 | |
| Verint Systems Inc. | July 10, 2024 | Elect Andrew D. Miller | Director Elections | Board | WITHHOLD | 1 | |
| Verint Systems Inc. | July 10, 2024 | Elect William Kurtz | Director Elections | Board | WITHHOLD | 1 | |
| Veritex Holdings, Inc. | May 27, 2025 | Advisory vote to approve the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Veritex Holdings, Inc. | May 27, 2025 | Elect Gregory B. Morrison | Director Elections | Board | WITHHOLD | 1 | |
| Verona Pharma plc | April 24, 2025 | To Approve, On An Advisory (Non-Binding) Basis, The Compensation Of The Company's Named Executive Officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Verona Pharma plc | April 24, 2025 | To Receive And Approve, As A Non-Binding Advisory Resolution, The U.K. Statutory Directors Remuneration Report For The Year Ended 31 December 2024. | Compensation | Board | AGAINST | 1 | |
| Vertex, Inc. | June 11, 2025 | Election of directors: J. Richard Stamm | Director Elections | Board | WITHHOLD | 1 |
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Built November 8, 2026 from SEC Form N-PX filings.