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 |
|---|---|---|---|---|---|---|---|
| Surgery Partners, Inc. | June 5, 2026 | Election of Class II Directors: Laura L. Forese, M.D. | Director Elections | Board | WITHHOLD | 1 | |
| Swedish Orphan Biovitrum AB | May 6, 2026 | Adoption of Share-Based Incentives (Management Programme) | Compensation | Board | AGAINST | 1 | |
| Swedish Orphan Biovitrum AB | May 6, 2026 | Approve Alternative Equity Plan Financing | Compensation | Board | AGAINST | 1 | |
| Swedish Orphan Biovitrum AB | May 6, 2026 | Approve Creation of Pool of Capital without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Swedish Orphan Biovitrum AB | May 6, 2026 | Approve Equity Plan Financing (Management Program) | Compensation | Board | AGAINST | 1 | |
| Swedish Orphan Biovitrum AB | May 6, 2026 | Approve Equity Swap Agreement | Capital Structure | Board | AGAINST | 1 | |
| Swedish Orphan Biovitrum AB | May 6, 2026 | Approve Long Term Incentive Program (Management Program) | Compensation | Board | AGAINST | 1 | |
| Swedish Orphan Biovitrum AB | May 6, 2026 | Authority to Issue, Repurchase and Transfer Shares Pursuant to Management Programme | Capital Structure | Board | AGAINST | 1 | |
| Swedish Orphan Biovitrum AB | May 6, 2026 | Directors' Fees | Compensation | Board | AGAINST | 1 | |
| Swedish Orphan Biovitrum AB | May 6, 2026 | Elect Christophe Bourdon | Director Elections | Board | AGAINST | 1 | |
| Swedish Orphan Biovitrum AB | May 6, 2026 | Elect Iris Low-Friedrich | Director Elections | Board | AGAINST | 1 | |
| Swedish Orphan Biovitrum AB | May 6, 2026 | Reelect Filippa Stenberg as Director | Director Elections | Board | AGAINST | 1 | |
| Swedish Orphan Biovitrum AB | May 6, 2026 | Reelect Iris Loew-Friedrich as Director | Director Elections | Board | AGAINST | 1 | |
| Swedish Orphan Biovitrum AB | May 6, 2026 | Remuneration Report | Compensation | Board | AGAINST | 1 | |
| Sweetgreen, Inc. | June 11, 2026 | Election of Directors: Dawn Ostroff | Director Elections | Board | WITHHOLD | 1 | |
| Sweetgreen, Inc. | June 11, 2026 | Election of Directors: Julie Bornstein | Director Elections | Board | WITHHOLD | 1 | |
| Sweetgreen, Inc. | June 11, 2026 | Election of Directors: Montgomery Moran | Director Elections | Board | WITHHOLD | 1 | |
| Swire Pacific Limited | May 14, 2026 | TO GRANT A GENERAL MANDATE TO THE DIRECTORS TO ALLOT, ISSUE AND DEAL WITH ADDITIONAL SHARES IN THE COMPANY | Capital Structure | Board | AGAINST | 1 | |
| Swire Pacific Limited | May 14, 2026 | TO RE-ELECT 'ETCHELLS, PAUL KENNETH' AS A DIRECTOR | Director Elections | Board | AGAINST | 1 | |
| Synchronoss Technologies, Inc. | February 12, 2026 | To approve, on a non-binding, advisory basis, certain compensation that will or may become payable by Synchronoss to its named executive officers in connection with the Merger. | Say-on-Pay | Board | AGAINST | 1 | |
| Sysmex Corp. | June 26, 2026 | Elect Director Ietsugu, Hisashi | Director Elections | Board | AGAINST | 1 | |
| Sysmex Corp. | June 26, 2026 | Elect Director Matsui, Iwane | Director Elections | Board | AGAINST | 1 | |
| T&D Holdings, Inc. | June 25, 2026 | Elect Director Moriyama, Masahiko | Director Elections | Board | AGAINST | 1 | |
| T&D Holdings, Inc. | June 25, 2026 | Elect Director Uehara, Hirohisa | Director Elections | Board | AGAINST | 1 | |
| T-Mobile US, Inc. | June 16, 2026 | Advisory Vote to Approve the Compensation Provided to the Company's Named Executive Officers for 2025. | Say-on-Pay | Board | AGAINST | 1 | |
| T-Mobile US, Inc. | June 16, 2026 | Elect Teresa A. Taylor | Director Elections | Board | WITHHOLD | 1 | |
| T1 Energy Inc. | June 17, 2026 | Advisory vote on the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| TAISEI Corp. | June 23, 2026 | Elect Director Aikawa, Yoshiro | Director Elections | Board | AGAINST | 1 | |
| TAISEI Corp. | June 23, 2026 | Elect Director Tanaka, Shigeyoshi | Director Elections | Board | AGAINST | 1 | |
| TDK Corporation | June 19, 2026 | Elect Mutsuo Iwai | Director Elections | Board | AGAINST | 1 | |
| TOTO LTD. | June 23, 2026 | Elect Masayuki Yoshioka | Director Elections | Board | AGAINST | 1 | |
| TOTO LTD. | June 23, 2026 | Elect Noriaki Kiyota | Director Elections | Board | AGAINST | 1 | |
| TOTO LTD. | June 23, 2026 | Elect Ryosuke Hayashi | Director Elections | Board | AGAINST | 1 | |
| TOTO LTD. | June 23, 2026 | Elect Shinya Tamura | Director Elections | Board | AGAINST | 1 | |
| TOTO LTD. | June 23, 2026 | Elect Tomoyuki Taguchi | Director Elections | Board | AGAINST | 1 | |
| TPG RE Finance Trust, Inc. | May 19, 2026 | Election of Directors: Edward "Ted" Goldthorpe | Director Elections | Board | WITHHOLD | 1 | |
| TTEC Holdings, Inc. | May 21, 2026 | The approval of the redomestication of the Company from Delaware to Texas by conversion. | Extraordinary Transactions | Board | AGAINST | 1 | |
| TV Asahi Holdings Corp. | June 26, 2026 | Elect Director Hayakawa, Hiroshi | Director Elections | Board | AGAINST | 1 | |
| TV Asahi Holdings Corp. | June 26, 2026 | Elect Director Shinozuka, Hiroshi | Director Elections | Board | AGAINST | 1 | |
| Talanx AG | May 7, 2026 | Elect Angela Titzrath | Director Elections | Board | AGAINST | 1 | |
| Talanx AG | May 7, 2026 | Elect Herbert K. Haas | Director Elections | Board | AGAINST | 1 | |
| Talkspace, Inc. | May 29, 2026 | To approve, by advisory (non-binding) vote, the compensation that may be paid or become payable to the Company's named executive officers of the Company in connection with the consummation of the merger. | Say-on-Pay | Board | AGAINST | 1 | |
| Tango Therapeutics, Inc. | June 4, 2026 | Election of Class II Directors: Kanishka Pothula | Director Elections | Board | WITHHOLD | 1 | |
| Tango Therapeutics, Inc. | June 4, 2026 | Election of Class II Directors: Mace Rothenberg, M.D. | Director Elections | Board | WITHHOLD | 1 | |
| Tango Therapeutics, Inc. | June 4, 2026 | Election of Class II Directors: Malte Peters, M.D. | Director Elections | Board | WITHHOLD | 1 | |
| Target Hospitality Corp. | May 21, 2026 | Advisory Vote on the Compensation of our Named Executive Officers (Say on Pay). | Say-on-Pay | Board | AGAINST | 1 | |
| Target Hospitality Corp. | May 21, 2026 | Third Amendment to the Target Hospitality Corp. 2019 Incentive Award Plan. | Compensation | Board | AGAINST | 1 | |
| Taysha Gene Therapies, Inc. | June 1, 2026 | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Taysha Gene Therapies, Inc. | June 1, 2026 | To elect the Board's Class III Director nominees, Sean P. Nolan and Laura Sepp-Lorenzino, Ph.D. to the Board of Directors to hold office until the 2029 Annual Meeting of Stockholders: Sean P. Nolan | Director Elections | Board | WITHHOLD | 1 | |
| Teads Holding Co. | May 14, 2026 | Approve, on an advisory basis, the compensation of our named executive officers, described in the proxy statement. | Say-on-Pay | Board | AGAINST | 1 | |
| Teads Holding Co. | May 14, 2026 | Election of Directors To be elected for terms expiring in 2029: Arne Wolter | Director Elections | Board | WITHHOLD | 1 | |
| Techtronic Industries Company Limited | May 8, 2026 | Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 1 | |
| Teck Resources Limited | April 23, 2026 | Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | WITHHOLD | 1 | |
| Tecnoglass Inc. | December 19, 2025 | Advisory approval of the compensation for our named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Telenor ASA | May 19, 2026 | Remuneration Report | Compensation | Board | AGAINST | 1 | |
| Telia Co. AB | April 9, 2026 | Reelect Lars-Johan Jarnheimer as Board Chair | Director Elections | Board | AGAINST | 1 | |
| Tenable Holdings, Inc. | May 13, 2026 | To elect the Board of Directors' nominees, John C. Huffard, Jr., A. Brooke Seawell, and Raymond Vicks, Jr., to the Board of Directors to hold office until the 2029 Annual Meeting of Stockholders: John C. Huffard, Jr. | Director Elections | Board | WITHHOLD | 1 | |
| Terumo Corp. | June 26, 2026 | Elect Director Samejima, Hikaru | Director Elections | Board | AGAINST | 1 | |
| Terumo Corp. | June 26, 2026 | Elect Director Takagi, Toshiaki | Director Elections | Board | AGAINST | 1 | |
| Tesla, Inc. | November 6, 2025 | A Tesla proposal for approval of the 2025 CEO Performance Award. | Compensation | Board | AGAINST | 1 | |
| Thales S.A. | May 12, 2026 | Approval of the 2025 compensation scheme paid or granted to Mr Patrice Caine, Chairman and Chief Executive Officer and sole executive corporate officer. | Compensation | Board | AGAINST | 1 | |
| Thales S.A. | May 12, 2026 | Approval of the compensation policy for the Chairman and Chief Executive Officer. | Compensation | Board | AGAINST | 1 | |
| Thales S.A. | May 12, 2026 | Renewal of Mr Lok Segalen as director, upon proposal of the Industrial Partner. | Director Elections | Board | AGAINST | 1 | |
| Thales S.A. | May 12, 2026 | Renewal of Mr Patrice Caine as director, upon proposal of the Public Sector. | Director Elections | Board | AGAINST | 1 | |
| Thales S.A. | May 12, 2026 | Renewal of Mr ric Trappier as director, upon proposal of the Industrial Partner. | Director Elections | Board | AGAINST | 1 | |
| Thales S.A. | May 12, 2026 | Renewal of Ms Anne-Claire Taittinger as External director. | Director Elections | Board | AGAINST | 1 | |
| Thales S.A. | May 12, 2026 | Renewal of Ms Marie-Franoise Walbaum as director, upon proposal of the Industrial Partner. | Director Elections | Board | AGAINST | 1 | |
| Thales S.A. | May 12, 2026 | Renewal of Ms Valrie Guillemet as director, upon proposal of the Industrial Partner'. | Director Elections | Board | AGAINST | 1 | |
| Thales SA | May 12, 2026 | Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 60,000,000 | Capital Structure | Board | AGAINST | 1 | |
| Thales SA | May 12, 2026 | Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above | Capital Structure | Board | AGAINST | 1 | |
| Thales SA | May 12, 2026 | Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind | Capital Structure | Board | AGAINST | 1 | |
| Thales SA | May 12, 2026 | Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 154,200,000 | Capital Structure | Board | AGAINST | 1 | |
| Thales SA | May 12, 2026 | Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 60,000,000 | Capital Structure | Board | AGAINST | 1 | |
| Thales SA | May 12, 2026 | Reelect Anne-Claire Taittinger as Director | Director Elections | Board | AGAINST | 1 | |
| Thales SA | May 12, 2026 | Reelect Eric Trappier as Director | Director Elections | Board | AGAINST | 1 | |
| Thales SA | May 12, 2026 | Reelect Loik Segalen as Director | Director Elections | Board | AGAINST | 1 | |
| Thales SA | May 12, 2026 | Reelect Marie-Francoise Walbaum as Director | Director Elections | Board | AGAINST | 1 | |
| Thales SA | May 12, 2026 | Reelect Patrice Caine as Director | Director Elections | Board | AGAINST | 1 | |
| Thales SA | May 12, 2026 | Reelect Valerie Guillemet as Director | Director Elections | Board | AGAINST | 1 | |
| The Bank of Nova Scotia | April 14, 2026 | Shareholder Proposal Regarding Say on Climate | Environment or Climate | Shareholder | Against | FOR | 1 |
| The Chefs' Warehouse, Inc. | May 8, 2026 | To approve, on a non-binding, advisory basis, the compensation of our named executive officers as disclosed in the 2026 Proxy Statement. | Say-on-Pay | Board | AGAINST | 1 | |
| The E.W. Scripps Company | May 4, 2026 | Election of Directors: Kim Williams | Director Elections | Board | WITHHOLD | 1 | |
| The Goldman Sachs Group, Inc. | April 29, 2026 | Advisory Vote to Approve Executive Compensation (Say on Pay) | Say-on-Pay | Board | AGAINST | 1 | |
| The Goldman Sachs Group, Inc. | April 29, 2026 | Shareholder Proposal Regarding Lobbying Disclosure | Other Social Issues | Shareholder | Against | FOR | 1 |
| The Hain Celestial Group, Inc. | October 30, 2025 | Proposal to approve an amendment to the 2022 Long Term Incentive and Stock Award Plan. | Compensation | Board | AGAINST | 1 | |
| The Hershey Company | May 5, 2026 | Approve named executive officer compensation on a non-binding advisory basis. | Say-on-Pay | Board | AGAINST | 1 | |
| The Home Depot, Inc. | May 21, 2026 | Election of Directors: Jeffery H. Boyd | Director Elections | Board | AGAINST | 1 | |
| The Home Depot, Inc. | May 21, 2026 | Shareholder Proposal Regarding Biodiversity Impact and Dependency Assessment | Environment or Climate | Shareholder | Against | FOR | 1 |
| The Home Depot, Inc. | May 21, 2026 | Shareholder Proposal Regarding Report on Customer Data Privacy Risks | Other Social Issues | Shareholder | Against | FOR | 1 |
| The Home Depot, Inc. | May 21, 2026 | Shareholder Proposal Regarding Report on Packaging Policies for Plastics | Environment or Climate | Shareholder | Against | FOR | 1 |
| The Home Depot, Inc. | May 21, 2026 | Shareholder Proposal Regarding Report on Sufficiency of Associates' Access to Healthcare | Other Social Issues | Shareholder | Against | FOR | 1 |
| The Hong Kong and China Gas Company Limited | June 1, 2026 | Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 1 | |
| The Japan Steel Works Ltd. | June 22, 2026 | Elect Director Matsuo, Toshio | Director Elections | Board | AGAINST | 1 | |
| The Joint Corp. | May 20, 2026 | Approval, on an advisory basis, of the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| The Kansai Electric Power Company, Incorporated | June 25, 2026 | Elect Kiyoshi Sono | Director Elections | Board | AGAINST | 1 | |
| The Marcus Corporation | May 21, 2026 | Election of Directors: Austin M. Ramirez | Director Elections | Board | WITHHOLD | 1 | |
| The Marcus Corporation | May 21, 2026 | Election of Directors: Katherine M. Gehl | Director Elections | Board | WITHHOLD | 1 | |
| The Marcus Corporation | May 21, 2026 | Election of Directors: Philip L. Milstein | Director Elections | Board | WITHHOLD | 1 | |
| The Marcus Corporation | May 21, 2026 | Election of Directors: Timothy E. Hoeksema | Director Elections | Board | WITHHOLD | 1 | |
| The Monogatari Corp. | September 26, 2025 | Elect Director Kato, Hisayuki | Director Elections | Board | AGAINST | 1 |
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Built November 7, 2026 from SEC Form N-PX filings.