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 |
|---|---|---|---|---|---|---|---|
| The Oncology Institute, Inc. | June 17, 2026 | Election of eight directors: Karen Johnson | Director Elections | Board | WITHHOLD | 1 | |
| The Pennant Group, Inc. | May 14, 2026 | Election of Directors: Brent J. Guerisoli | Director Elections | Board | AGAINST | 1 | |
| The Pennant Group, Inc. | May 14, 2026 | Election of Directors: Christopher R. Christensen | Director Elections | Board | AGAINST | 1 | |
| The Pennant Group, Inc. | May 14, 2026 | Election of Directors: John G. Nackel, Ph.D. | Director Elections | Board | AGAINST | 1 | |
| The Procter & Gamble Company | October 14, 2025 | Shareholder Proposal Requesting Additional Reporting on Plastic Packaging | Environment or Climate | Shareholder | Against | FOR | 1 |
| The RMR Group Inc. | March 26, 2026 | Election of Directors: Adam Portnoy | Director Elections | Board | WITHHOLD | 1 | |
| The RMR Group Inc. | March 26, 2026 | Election of Directors: Ann Logan | Director Elections | Board | WITHHOLD | 1 | |
| The RMR Group Inc. | March 26, 2026 | Election of Directors: Jonathan Veitch | Director Elections | Board | WITHHOLD | 1 | |
| The RMR Group Inc. | March 26, 2026 | Election of Directors: Rosen Plevneliev | Director Elections | Board | WITHHOLD | 1 | |
| The RMR Group Inc. | March 26, 2026 | Election of Directors: Walter C. Watkins, Jr. | Director Elections | Board | WITHHOLD | 1 | |
| The Trade Desk, Inc. | May 4, 2026 | Elect Andrea Cunningham | Director Elections | Board | WITHHOLD | 1 | |
| The Trade Desk, Inc. | May 4, 2026 | The election of two Class I directors to hold office until our 2029 annual meeting of stockholders or until his or her successor is duly elected and qualified: Jeff T. Green | Director Elections | Board | WITHHOLD | 1 | |
| The Wharf (Holdings) Limited | May 14, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| The Wharf (Holdings) Limited | May 14, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| Thryv Holdings, Inc. | June 11, 2026 | Election of John Slater and Joseph A. Walsh as Class III directors to serve until 2029: John Slater | Director Elections | Board | WITHHOLD | 1 | |
| Titan America SA | May 5, 2026 | Reelect Marcel-Constantin Cobuz as Director | Director Elections | Board | AGAINST | 1 | |
| Titan America SA | May 5, 2026 | Reelect Michael Colakides as Director | Director Elections | Board | AGAINST | 1 | |
| Toast, Inc. | June 12, 2026 | Election of Directors: Kent Bennett | Director Elections | Board | WITHHOLD | 1 | |
| Toast, Inc. | June 12, 2026 | Election of Directors: Susan Chapman-Hughes | Director Elections | Board | WITHHOLD | 1 | |
| Toho Co., Ltd. | May 28, 2026 | Elect Director Matsuoka, Hiroyasu | Director Elections | Board | AGAINST | 1 | |
| Tohoku Electric Power Co., Inc. | June 25, 2026 | Elect Director Higuchi, Kojiro | Director Elections | Board | AGAINST | 1 | |
| Tohoku Electric Power Co., Inc. | June 25, 2026 | Elect Director Ishiyama, Kazuhiro | Director Elections | Board | AGAINST | 1 | |
| Tokyo Electron Ltd. | June 23, 2026 | Elect Director Kawai, Toshiki | Director Elections | Board | AGAINST | 1 | |
| Tokyo Tatemono Co., Ltd. | March 26, 2026 | Elect Director Hattori, Shuichi | Director Elections | Board | AGAINST | 1 | |
| Tokyo Tatemono Co., Ltd. | March 26, 2026 | Elect Director Nomura, Hitoshi | Director Elections | Board | AGAINST | 1 | |
| Tokyo Tatemono Co., Ltd. | March 26, 2026 | Elect Director Ozawa, Katsuhito | Director Elections | Board | AGAINST | 1 | |
| Tokyu Corp. | June 26, 2026 | Elect Director Horie, Masahiro | Director Elections | Board | AGAINST | 1 | |
| Tokyu Corp. | June 26, 2026 | Elect Director Nomoto, Hirofumi | Director Elections | Board | AGAINST | 1 | |
| Tonix Pharmaceuticals Holding Corp. | May 7, 2026 | To approve the Tonix Pharmaceuticals Holding Corp. 2026 Stock Incentive Plan; | Compensation | Board | AGAINST | 1 | |
| Tower Semiconductor Ltd. | July 30, 2025 | Amend Employment Terms of CEO | Compensation | Board | AGAINST | 1 | |
| Traeger, Inc. | June 9, 2026 | Election of Class II directors to serve until the 2029 Annual Meeting of Stockholders, and until their respective successors shall have been duly elected and qualified: Martin Eltrich | Director Elections | Board | WITHHOLD | 1 | |
| TransMedics Group, Inc. | May 20, 2026 | To approve an amendment to the TransMedics Group, Inc.'s Amended and Restated 2019 Stock Incentive Plan to increase the maximum aggregate number of shares of common stock that may be issued pursuant to awards granted under the TransMedics Group, Inc. Amended and Restated 2019 Stock Incentive Plan by 2,750,000 shares and make certain other changes as set forth in the proxy statement. | Compensation | Board | AGAINST | 1 | |
| Transcontinental Realty Investors, Inc. | December 10, 2025 | Election of Directors: Fernando Victor Lara Celis | Director Elections | Board | WITHHOLD | 1 | |
| Transcontinental Realty Investors, Inc. | December 10, 2025 | Election of Directors: Henry A. Butler | Director Elections | Board | WITHHOLD | 1 | |
| Transcontinental Realty Investors, Inc. | December 10, 2025 | Election of Directors: Robert A. Jakuszewski | Director Elections | Board | WITHHOLD | 1 | |
| Transcontinental Realty Investors, Inc. | December 10, 2025 | Election of Directors: Ted R. Munselle | Director Elections | Board | WITHHOLD | 1 | |
| Transcontinental Realty Investors, Inc. | December 10, 2025 | Election of Directors: William J. Hogan | Director Elections | Board | WITHHOLD | 1 | |
| Travelzoo | April 20, 2026 | Vote to approve option grant to General Manager, U.S. | Compensation | Board | AGAINST | 1 | |
| Travelzoo | April 20, 2026 | Vote to approve option grant to Global Chief Executive Officer. | Compensation | Board | AGAINST | 1 | |
| Travelzoo | April 20, 2026 | Vote to approve option grant to Head of Engineering. | Compensation | Board | AGAINST | 1 | |
| Treace Medical Concepts, Inc. | May 19, 2026 | Election of Directors: Elizabeth S. Hanna | Director Elections | Board | WITHHOLD | 1 | |
| Tredegar Corporation | May 8, 2026 | Election of Directors: Carl E. Tack III | Director Elections | Board | AGAINST | 1 | |
| Tredegar Corporation | May 8, 2026 | Election of Directors: Christine R. Vlahcevic | Director Elections | Board | AGAINST | 1 | |
| Tredegar Corporation | May 8, 2026 | Election of Directors: George C. Freeman III | Director Elections | Board | AGAINST | 1 | |
| Tredegar Corporation | May 8, 2026 | Non-Binding Advisory Vote to Approve Named Executive Officer Compensation. | Say-on-Pay | Board | AGAINST | 1 | |
| Trend Micro, Inc. | March 26, 2026 | Elect Director Chang Ming-Jang | Director Elections | Board | AGAINST | 1 | |
| Trend Micro, Inc. | March 26, 2026 | Elect Director Eva Chen | Director Elections | Board | AGAINST | 1 | |
| Trevi Therapeutics, Inc. | June 3, 2026 | Election of one Class I director to our Board of Directors, to serve until the 2029 Annual Meeting of Stockholders: Michael Heffernan | Director Elections | Board | WITHHOLD | 1 | |
| Twist Bioscience Corporation | February 5, 2026 | Election of Class II Directors: Jan Johannessen | Director Elections | Board | WITHHOLD | 1 | |
| Twist Bioscience Corporation | February 5, 2026 | Election of Class II Directors: Keith Crandell | Director Elections | Board | WITHHOLD | 1 | |
| Twist Bioscience Corporation | February 5, 2026 | To adopt, on an advisory basis, a resolution approving the compensation of the Company's Named Executive Officers, as described in the Proxy Statement under "Executive Compensation." | Say-on-Pay | Board | AGAINST | 1 | |
| U-NEXT HOLDINGS Co., Ltd. | November 27, 2025 | Elect Director Natsuno, Takeshi | Director Elections | Board | AGAINST | 1 | |
| U-NEXT HOLDINGS Co., Ltd. | November 27, 2025 | Elect Director Uno, Yasuhide | Director Elections | Board | AGAINST | 1 | |
| U.S. Bancorp | April 21, 2026 | Election of Directors: Richard P. McKenney | Director Elections | Board | AGAINST | 1 | |
| U.S. Gold Corp. | April 27, 2026 | Election of Directors Nominees: Luke Norman | Director Elections | Board | WITHHOLD | 1 | |
| UFP Industries, Inc. | April 22, 2026 | Election of Directors To elect one director to serve until 2029: Michael G. Wooldridge | Director Elections | Board | AGAINST | 1 | |
| USA Rare Earth, Inc. | June 3, 2026 | Election of Directors: Michael Senft | Director Elections | Board | WITHHOLD | 1 | |
| USA Rare Earth, Inc. | June 3, 2026 | Election of Directors: Otto C. Schwethelm | Director Elections | Board | WITHHOLD | 1 | |
| UniCredit SpA | March 31, 2026 | Authorize Board to Increase Capital to Service the 2022 Group Incentive System | Compensation | Board | AGAINST | 1 | |
| Unicredit S.p.A. | March 31, 2026 | REMUNERATION REPORT | Compensation | Board | AGAINST | 1 | |
| Unilever plc | May 13, 2026 | Elect Ruby Lu | Director Elections | Board | AGAINST | 1 | |
| United Airlines Holdings, Inc. | May 19, 2026 | Election of Directors Named in Proxy Statement: Edward M. Philip | Director Elections | Board | AGAINST | 1 | |
| United States Lime & Minerals, Inc. | May 1, 2026 | To elect Directors - Nominees: A. M. Doumet | Director Elections | Board | WITHHOLD | 1 | |
| Universal Health Services, Inc. | May 20, 2026 | Stockholder proposal to adopt a policy requiring Universal Health Services, Inc. to publicly disclose its workforce diversity, if properly presented at the meeting. | Diversity, Equity, and Inclusion | Shareholder | Against | FOR | 1 |
| Universal Logistics Holdings, Inc. | April 29, 2026 | To elect 9 directors for the coming year: Frederick P. Calderone | Director Elections | Board | WITHHOLD | 1 | |
| Universal Logistics Holdings, Inc. | April 29, 2026 | To elect 9 directors for the coming year: Grant E. Belanger | Director Elections | Board | WITHHOLD | 1 | |
| Universal Logistics Holdings, Inc. | April 29, 2026 | To elect 9 directors for the coming year: H.E. "Scott" Wolfe | Director Elections | Board | WITHHOLD | 1 | |
| Universal Logistics Holdings, Inc. | April 29, 2026 | To elect 9 directors for the coming year: Marcus D. Hudson | Director Elections | Board | WITHHOLD | 1 | |
| Universal Logistics Holdings, Inc. | April 29, 2026 | To elect 9 directors for the coming year: Matthew J. Moroun | Director Elections | Board | WITHHOLD | 1 | |
| Universal Logistics Holdings, Inc. | April 29, 2026 | To elect 9 directors for the coming year: Matthew T. Moroun | Director Elections | Board | WITHHOLD | 1 | |
| Universal Logistics Holdings, Inc. | April 29, 2026 | To elect 9 directors for the coming year: Tim Phillips | Director Elections | Board | WITHHOLD | 1 | |
| Upstart Holdings, Inc. | May 28, 2026 | Election of Directors: Ciaran O'Kelly | Director Elections | Board | WITHHOLD | 1 | |
| VSE Corporation | May 7, 2026 | Approval of an amendment to the Company's Restated Certificate of Incorporation to authorize the issuance of blank check preferred stock. | Capital Structure | Board | AGAINST | 1 | |
| Valhi, Inc. | May 21, 2026 | Election of Directors: Loretta J. Feehan | Director Elections | Board | WITHHOLD | 1 | |
| Valhi, Inc. | May 21, 2026 | Election of Directors: Michael S. Simmons | Director Elections | Board | WITHHOLD | 1 | |
| Valhi, Inc. | May 21, 2026 | Nonbinding advisory vote approving named executive officer compensation. | Say-on-Pay | Board | AGAINST | 1 | |
| Varonis Systems, Inc. | June 1, 2026 | To elect four Class III director nominees named herein to the Board of Directors to hold office until the 2029 Annual Meeting of Stockholders: Yakov Faitelson | Director Elections | Board | WITHHOLD | 1 | |
| Varun Beverages Limited | April 1, 2026 | Approve Continuation of Directorship of Abhiram Seth as a Non-Executive Independent Director | Director Elections | Board | AGAINST | 1 | |
| Venture Global, Inc. | May 27, 2026 | Election of the 7 director nominees named in this proxy statement: Michael Sabel | Director Elections | Board | WITHHOLD | 1 | |
| Venture Global, Inc. | May 27, 2026 | Election of the 7 director nominees named in this proxy statement: Robert Pender | Director Elections | Board | WITHHOLD | 1 | |
| Venture Global, Inc. | May 27, 2026 | Election of the 7 director nominees named in this proxy statement: Sari Granat | Director Elections | Board | WITHHOLD | 1 | |
| Venture Global, Inc. | May 27, 2026 | Election of the 7 director nominees named in this proxy statement: Thomas Reid | Director Elections | Board | WITHHOLD | 1 | |
| Verde Clean Fuels, Inc. | June 12, 2026 | Re-election of one Class III director nominee: Jonathan Siegler | Director Elections | Board | WITHHOLD | 1 | |
| Verisure Plc | April 23, 2026 | Reelect Adrien Motte as Director | Director Elections | Board | AGAINST | 1 | |
| Verisure Plc | April 23, 2026 | Reelect Henry Ormond as Director | Director Elections | Board | AGAINST | 1 | |
| Verisure Plc | April 23, 2026 | Reelect Stefan Goetz as Board Chair | Director Elections | Board | AGAINST | 1 | |
| Verisure Plc | April 23, 2026 | Reelect Stefan Goetz as Director | Director Elections | Board | AGAINST | 1 | |
| Verona Pharma plc | September 24, 2025 | Non-Binding Advisory Proposal to Approve Certain Compensation Arrangement | Say-on-Pay | Board | AGAINST | 1 | |
| Vertex, Inc. | June 10, 2026 | Election of directors: Eric Andersen | Director Elections | Board | WITHHOLD | 1 | |
| Vestas Wind Systems A/S | April 8, 2026 | Elect Lena Olving | Director Elections | Board | AGAINST | 1 | |
| Village Super Market, Inc. | December 12, 2025 | Election of Directors: John J. Sumas | Director Elections | Board | WITHHOLD | 1 | |
| Village Super Market, Inc. | December 12, 2025 | Election of Directors: John P. Sumas | Director Elections | Board | WITHHOLD | 1 | |
| Village Super Market, Inc. | December 12, 2025 | Election of Directors: Kevin Begley | Director Elections | Board | WITHHOLD | 1 | |
| Village Super Market, Inc. | December 12, 2025 | Election of Directors: Nicholas Sumas | Director Elections | Board | WITHHOLD | 1 | |
| Village Super Market, Inc. | December 12, 2025 | Election of Directors: Perry Blatt | Director Elections | Board | WITHHOLD | 1 | |
| Village Super Market, Inc. | December 12, 2025 | Election of Directors: Prasad Pola | Director Elections | Board | WITHHOLD | 1 | |
| Village Super Market, Inc. | December 12, 2025 | Election of Directors: Robert Sumas | Director Elections | Board | WITHHOLD | 1 | |
| Village Super Market, Inc. | December 12, 2025 | Election of Directors: Stephen F. Rooney | Director Elections | Board | WITHHOLD | 1 | |
| Village Super Market, Inc. | December 12, 2025 | Election of Directors: Steven Crystal | Director Elections | Board | WITHHOLD | 1 | |
| Vinci SA | April 14, 2026 | APPROVAL OF THE REMUNERATION POLICY FOR THE MEMBERS OF THE BOARD OF DIRECTORS | Compensation | Board | AGAINST | 1 |
← Previous Page 37 of 38 Next →
← Back to Principal 2025-2026 overview
Built November 7, 2026 from SEC Form N-PX filings.