Home › Asset managers › Principal › 2025-2026 › Against the board
3,789 proposals in the 2025-2026 proxy season: Principal voted against, or withheld its votes from, 3,762 proposals put forward by company boards, and voted for 27 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
3,789 proposals.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Principal voted | Funds |
|---|---|---|---|---|---|---|---|
| Rezolve AI Plc | January 13, 2026 | Authorise Issue of Equity without Pre-emptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Rezolve AI Plc | June 30, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 1 | |
| Rezolve AI Plc | June 30, 2026 | Authorise Market Purchase of Ordinary Shares | Capital Structure | Board | AGAINST | 1 | |
| Rhinebeck Bancorp, Inc. | May 19, 2026 | Election of Directors: Sharon A. McGinnis | Director Elections | Board | WITHHOLD | 1 | |
| Rhinebeck Bancorp, Inc. | May 19, 2026 | Election of Directors: William C. Irwin | Director Elections | Board | WITHHOLD | 1 | |
| Ribbon Communications Inc. | June 3, 2026 | To approve, on a non-binding, advisory basis, the compensation of Ribbon Communication Inc.'s named executive officers as disclosed in the "Compensation Discussion and Analysis" section and the accompanying compensation tables and related narratives contained in the Proxy Statement. | Say-on-Pay | Board | AGAINST | 1 | |
| Richardson Electronics, Ltd. | October 7, 2025 | Election of directors: Edward J. Richardson | Director Elections | Board | WITHHOLD | 1 | |
| Richardson Electronics, Ltd. | October 7, 2025 | Election of directors: Jacques Belin | Director Elections | Board | WITHHOLD | 1 | |
| Richardson Electronics, Ltd. | October 7, 2025 | Election of directors: James Benham | Director Elections | Board | WITHHOLD | 1 | |
| Richardson Electronics, Ltd. | October 7, 2025 | Election of directors: Kenneth Halverson | Director Elections | Board | WITHHOLD | 1 | |
| Richardson Electronics, Ltd. | October 7, 2025 | Election of directors: Paul J. Plante | Director Elections | Board | WITHHOLD | 1 | |
| Richardson Electronics, Ltd. | October 7, 2025 | Election of directors: Robert Kluge | Director Elections | Board | WITHHOLD | 1 | |
| Richardson Electronics, Ltd. | October 7, 2025 | To approve an amendment to the Amended and Restated 2011 Long-Term Incentive Plan to increase the number of shares available for issuance under the Plan. | Compensation | Board | AGAINST | 1 | |
| Richtech Robotics Inc. | September 29, 2025 | Election of Stephen Markscheid to hold office until the 2028 Annual Meeting of Stockholders or his successor is elected and qualified. | Director Elections | Board | WITHHOLD | 1 | |
| Ridgepost Capital, Inc. | June 18, 2026 | Election of Directors: David M. McCoy | Director Elections | Board | WITHHOLD | 1 | |
| Ridgepost Capital, Inc. | June 18, 2026 | Election of Directors: Robert B. Stewart, Jr. | Director Elections | Board | WITHHOLD | 1 | |
| Ridgepost Capital, Inc. | June 18, 2026 | Election of Directors: Tracey Benford | Director Elections | Board | WITHHOLD | 1 | |
| Rigel Pharmaceuticals, Inc. | May 14, 2026 | To approve an amendment to our 2018 Equity Incentive Plan, as amended (the "Amended 2018 Plan"), to add an additional 500,000 shares to the number of shares of common stock authorized for issuance under the Amended 2018 Plan. | Compensation | Board | AGAINST | 1 | |
| Rigetti Computing, Inc. | June 9, 2026 | To elect one Class I director to hold office until the 2029 Annual Meeting of Stockholders: Dr. Subodh Kulkarni | Director Elections | Board | WITHHOLD | 1 | |
| RingCentral, Inc. | December 31, 2025 | Elect Kenneth A. Goldman | Director Elections | Board | WITHHOLD | 1 | |
| RingCentral, Inc. | December 31, 2025 | Elect Pratik S. Bhatt | Director Elections | Board | WITHHOLD | 1 | |
| RingCentral, Inc. | December 31, 2025 | Elect Robert Theis | Director Elections | Board | WITHHOLD | 1 | |
| RingCentral, Inc. | December 31, 2025 | To approve, on an advisory, non-binding basis, the named executive officers' compensation, as disclosed in the proxy statement (Proposal Three). | Say-on-Pay | Board | AGAINST | 1 | |
| Rithm Property Trust Inc. | June 2, 2026 | Election of Directors: Daniel Hoffman | Director Elections | Board | WITHHOLD | 1 | |
| Rithm Property Trust Inc. | June 2, 2026 | Election of Directors: Mary Haggerty | Director Elections | Board | WITHHOLD | 1 | |
| Rithm Property Trust Inc. | June 2, 2026 | Election of Directors: Michael Nierenberg | Director Elections | Board | WITHHOLD | 1 | |
| Rithm Property Trust Inc. | June 2, 2026 | Election of Directors: Paul Friedman | Director Elections | Board | WITHHOLD | 1 | |
| Rithm Property Trust Inc. | June 2, 2026 | To approve (on a non-binding advisory basis) the compensation of the named executive officers as described in the accompanying materials. | Say-on-Pay | Board | AGAINST | 1 | |
| 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 | 1 | |
| Roblox Corporation | May 28, 2026 | Advisory Vote on the Compensation of our Named Executive Officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Roblox Corporation | May 28, 2026 | Election of Class II Directors: Gregory Baszucki | Director Elections | Board | WITHHOLD | 1 | |
| Root, Inc. | June 3, 2026 | To approve, on an advisory basis, our named executive officer compensation. | Say-on-Pay | Board | AGAINST | 1 | |
| Root, Inc. | June 3, 2026 | To elect three Class III directors, Lawrence Hilsheimer, Alexander Timm and Douglas Ulman, each to hold office until our Annual Meeting of Stockholders in 2029: Lawrence Hilsheimer | Director Elections | Board | AGAINST | 1 | |
| Rush Street Interactive, Inc. | June 3, 2026 | Election of Class III Director: Neil Bluhm | Director Elections | Board | WITHHOLD | 1 | |
| Ryerson Holding Corporation | April 30, 2026 | The approval of the Third Amended and Restated Ryerson Holding Corporation 2014 Omnibus Incentive Plan. | Compensation | Board | AGAINST | 1 | |
| Ryohin Keikaku Co., Ltd. | November 23, 2025 | Elect Director Shimizu, Satoshi | Director Elections | Board | AGAINST | 1 | |
| SANUWAVE Health, Inc. | August 19, 2025 | Election of Directors: Ian Miller | Director Elections | Board | WITHHOLD | 1 | |
| SANUWAVE Health, Inc. | August 19, 2025 | Election of Directors: James Tyler | Director Elections | Board | WITHHOLD | 1 | |
| SANUWAVE Health, Inc. | August 19, 2025 | Election of Directors: Jeffrey Blizard | Director Elections | Board | WITHHOLD | 1 | |
| SANUWAVE Health, Inc. | August 19, 2025 | To approve an amendment to the SANUWAVE Health, Inc. 2024 Equity Incentive Plan to increase the number of shares authorized for issuance under the plan by 500,000 shares. | Compensation | Board | AGAINST | 1 | |
| SANUWAVE Health, Inc. | June 11, 2026 | Election of Directors: Ian Miller | Director Elections | Board | WITHHOLD | 1 | |
| SANUWAVE Health, Inc. | June 11, 2026 | Election of Directors: James Tyler | Director Elections | Board | WITHHOLD | 1 | |
| SANUWAVE Health, Inc. | June 11, 2026 | Election of Directors: Jeffrey Blizard | Director Elections | Board | WITHHOLD | 1 | |
| SANUWAVE Health, Inc. | June 11, 2026 | To approve, in an advisory, non-binding vote, the compensation paid to our named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| SELLAS Life Sciences Group, Inc. | June 16, 2026 | The advisory approval of the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| SFL Corporation Ltd. | May 11, 2026 | Approve the Re-designation and Allocation of the Authorized Share Capital | Capital Structure | Board | AGAINST | 1 | |
| SFL Corporation Ltd. | May 11, 2026 | Elect Director Kathrine Fredriksen | Director Elections | Board | AGAINST | 1 | |
| SHIMIZU CORPORATION | June 26, 2026 | Elect Kazuyuki Inoue | Director Elections | Board | AGAINST | 1 | |
| SI-BONE, Inc. | June 4, 2026 | Election of Directors: Jeffrey W. Dunn | Director Elections | Board | WITHHOLD | 1 | |
| SI-BONE, Inc. | June 4, 2026 | Election of Directors: John G. Freund, M.D. | Director Elections | Board | WITHHOLD | 1 | |
| SIG Group AG | April 16, 2026 | Approve Remuneration Report (Non-Binding) | Compensation | Board | AGAINST | 1 | |
| SIM Acquisition Corp. I | May 7, 2026 | The Auditor Ratification Proposal - "It is resolved as an ordinary resolution that the re-appointment of WithumSmith+Brown, PC as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 be confirmed, ratified and approved." | Audit-related | Board | AGAINST | 1 | |
| SK hynix Inc. | March 25, 2026 | Elect KIM Zeong Won | Director Elections | Board | AGAINST | 1 | |
| SK hynix Inc. | March 25, 2026 | Election of Insider Director: CHA Seon Yong | Director Elections | Board | AGAINST | 1 | |
| SK hynix Inc. | March 25, 2026 | Election of Non-executive Director: KIM Jung Kyu | Director Elections | Board | AGAINST | 1 | |
| SLB Limited | April 8, 2026 | Ratification of the appointment of PricewaterhouseCoopers LLP as our independent auditors for 2026. | Audit-related | Board | AGAINST | 1 | |
| SMC Corp. (Japan) | June 26, 2026 | Elect Director Takada, Yoshiki | Director Elections | Board | AGAINST | 1 | |
| SR Bancorp, Inc. | November 19, 2025 | Election of Directors: Douglas M. Sonier | Director Elections | Board | WITHHOLD | 1 | |
| SR Bancorp, Inc. | November 19, 2025 | Election of Directors: Marc Lebovitz | Director Elections | Board | WITHHOLD | 1 | |
| Saab AB | April 1, 2026 | Approve 2027 Share Matching Plan for All Employees; Approve 2027 Performance Share Program for Key Employees; Approve Special Projects 2027 Incentive Plan | Compensation | Board | AGAINST | 1 | |
| Saab AB | April 1, 2026 | Reelect Johan Menckel as Director | Director Elections | Board | AGAINST | 1 | |
| Saab AB | April 1, 2026 | Reelect Marcus Wallenberg as Board Chair | Director Elections | Board | AGAINST | 1 | |
| Saab AB | April 1, 2026 | Reelect Marcus Wallenberg as Director | Director Elections | Board | AGAINST | 1 | |
| Saab AB | April 1, 2026 | Reelect Sebastian Tham as Director | Director Elections | Board | AGAINST | 1 | |
| Sable Offshore Corp. | June 10, 2026 | To elect one Class II director, Gregory Pipkin, to hold office until our 2029 annual meeting of stockholders and until his successor is duly elected and qualified, or until his earlier death, resignation or removal: Gregory P. Pipkin | Director Elections | Board | WITHHOLD | 1 | |
| Safe Bulkers, Inc. | September 16, 2025 | Elect Director Christos Megalou | Director Elections | Board | WITHHOLD | 1 | |
| Safe Bulkers, Inc. | September 16, 2025 | Elect Director Loukas Barmparis | Director Elections | Board | WITHHOLD | 1 | |
| Safe Bulkers, Inc. | September 16, 2025 | Elect Director Marina Hajioannou | Director Elections | Board | WITHHOLD | 1 | |
| Saipem S.p.A. | May 12, 2026 | List Presented by Shareholders' Agreement | Director Elections | Board | ABSTAIN | 1 | |
| SalMar ASA | June 22, 2026 | Approve Remuneration Statement | Compensation | Board | AGAINST | 1 | |
| SalMar ASA | June 22, 2026 | Approve Share-Based Incentive Plan | Compensation | Board | AGAINST | 1 | |
| Sands China Ltd. | May 15, 2026 | Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 1 | |
| Sands China Ltd. | May 15, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Sands China Ltd. | May 15, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| Sandvik Aktiebolag | April 28, 2026 | Approve Performance Share Matching Plan LTI 2026 for Key Employees | Compensation | Board | AGAINST | 1 | |
| Sanofi SA | April 29, 2026 | Elect Christophe Babule | Director Elections | Board | AGAINST | 1 | |
| Sanrio Co., Ltd. | June 25, 2026 | Approve Trust-Type Equity Compensation Plan | Compensation | Board | AGAINST | 1 | |
| Sanrio Company, Ltd. | June 25, 2026 | Approval of Performance-Linked Equity Compensation Plan | Compensation | Board | ABSTAIN | 1 | |
| Sanrio Company, Ltd. | June 25, 2026 | Elect Masae Yamanaka @ Masae Nakahara | Director Elections | Board | ABSTAIN | 1 | |
| Sanrio Company, Ltd. | June 25, 2026 | Elect Shizuko Kamoda | Director Elections | Board | ABSTAIN | 1 | |
| Sanrio Company, Ltd. | June 25, 2026 | Elect Tomokuni Tsuji | Director Elections | Board | ABSTAIN | 1 | |
| Sanrio Company, Ltd. | June 25, 2026 | Elect Wataru Nakatsuka | Director Elections | Board | ABSTAIN | 1 | |
| Sanrio Company, Ltd. | June 25, 2026 | Elect Yasuyuki Otsuka | Director Elections | Board | ABSTAIN | 1 | |
| Sanrio Company, Ltd. | June 25, 2026 | Elect Yu Sasamoto | Director Elections | Board | ABSTAIN | 1 | |
| Sappi Ltd. | February 4, 2026 | Approve Remuneration Implementation Report | Compensation | Board | AGAINST | 1 | |
| Sartorius Stedim Biotech SA | March 24, 2026 | Approve Compensation Report of Corporate Officers | Compensation | Board | AGAINST | 1 | |
| Sartorius Stedim Biotech SA | March 24, 2026 | Approve Remuneration Policy of CEO | Compensation | Board | AGAINST | 1 | |
| Sartorius Stedim Biotech SA | March 24, 2026 | Authorize Repurchase of Up to 10 Percent of Issued Share Capital | Capital Structure | Board | AGAINST | 1 | |
| Sartorius Stedim Biotech SA | March 24, 2026 | Ratify Appointment of Michael Grosse as Director | Director Elections | Board | AGAINST | 1 | |
| Savara Inc. | June 4, 2026 | To approve an amendment to our Certificate of Incorporation to increase the number of authorized shares of our common stock from 300,000,000 to 600,000,000. | Capital Structure | Board | AGAINST | 1 | |
| Seibu Holdings, Inc. | June 24, 2026 | Elect Director Goto, Takashi | Director Elections | Board | AGAINST | 1 | |
| Seibu Holdings, Inc. | June 24, 2026 | Elect Director Nishiyama, Ryuichiro | Director Elections | Board | AGAINST | 1 | |
| Septerna, Inc. | June 26, 2026 | To elect two Class II directors to our board of directors, each to serve until our 2029 Annual Meeting of Stockholders and until his or her respective successor has been duly elected and qualified, or until his or her earlier death, resignation or removal: Shalini Sharp | Director Elections | Board | WITHHOLD | 1 | |
| Service Properties Trust | June 11, 2026 | Election of Trustees. Nominees (for Independent Trustee): Donna D. Fraiche | Director Elections | Board | AGAINST | 1 | |
| Service Properties Trust | June 11, 2026 | Election of Trustees. Nominees (for Independent Trustee): Robert E. Cramer | Director Elections | Board | AGAINST | 1 | |
| Service Properties Trust | June 11, 2026 | Election of Trustees. Nominees (for Managing Trustee): Adam Portnoy | Director Elections | Board | AGAINST | 1 | |
| ServiceNow, Inc. | May 21, 2026 | Election of Directors: Anita M. Sands | Director Elections | Board | AGAINST | 1 | |
| ServiceNow, Inc. | May 21, 2026 | Election of Directors: Eric S. Yuan | Director Elections | Board | AGAINST | 1 | |
| Seven & i Holdings Co., Ltd. | May 27, 2026 | Elect Director Ito, Junro | Director Elections | Board | AGAINST | 1 | |
| Seven & i Holdings Co., Ltd. | May 27, 2026 | Elect Director Stephen Hayes Dacus | Director Elections | Board | AGAINST | 1 |
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Built November 7, 2026 from SEC Form N-PX filings.