Home › Asset managers › Victory Capital › 2025-2026 › Against the board
3,919 proposals in the 2025-2026 proxy season: Victory Capital voted against, or withheld its votes from, 3,903 proposals put forward by company boards, and voted for 16 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal Victory Capital 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
3,919 proposals.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Victory Capital voted | Funds |
|---|---|---|---|---|---|---|---|
| Medibank Private Limited | November 19, 2025 | Elect Jacqueline Hey as Director | Director Elections | Board | AGAINST | 1 | |
| Meidensha Corp. | June 25, 2026 | Elect Director and Audit Committee Member Kuroda, Takashi | Director Elections | Board | AGAINST | 1 | |
| Meidensha Corp. | June 25, 2026 | Elect Director and Audit Committee Member Nishino, Toshiya | Director Elections | Board | AGAINST | 1 | |
| MeiraGTx Holdings Plc | June 11, 2026 | Election of Directors: Debra Yu, M.D. | Director Elections | Board | WITHHOLD | 1 | |
| Melexis NV | May 12, 2026 | Ratify EY, Represented by Olaf Janssen, as Auditors of the Company and for Sustainability Reporting and Approve Their Remuneration | Audit-related | Board | AGAINST | 1 | |
| Melexis NV | May 12, 2026 | Reelect Francoise Chombar as Director | Director Elections | Board | AGAINST | 1 | |
| Melexis NV | May 12, 2026 | Reelect Roland Duchatelet as Director | Director Elections | Board | AGAINST | 1 | |
| Melia Hotels International SA | May 7, 2026 | Reelect Gabriel Escarrer Jaume as Director | Director Elections | Board | AGAINST | 1 | |
| Merchants Bancorp | May 21, 2026 | Election of Directors: Andrew A. Juster | Director Elections | Board | WITHHOLD | 1 | |
| Merchants Bancorp | May 21, 2026 | Election of Directors: Anne E. Sellers | Director Elections | Board | WITHHOLD | 1 | |
| Merchants Bancorp | May 21, 2026 | Election of Directors: Patrick D. O'Brien | Director Elections | Board | WITHHOLD | 1 | |
| Merchants Bancorp | May 21, 2026 | Election of Directors: Tamika D. Catchings | Director Elections | Board | WITHHOLD | 1 | |
| Merck & Co., Inc. | May 26, 2026 | Election of Directors: Patrick F. Russo | Director Elections | Board | AGAINST | 1 | |
| Meta Platforms, Inc. | May 27, 2026 | A shareholder proposal regarding report on AI data usage oversight. | Other Social Issues | Shareholder | Against | FOR | 1 |
| Meta Platforms, Inc. | May 27, 2026 | Elect Dana White | Director Elections | Board | WITHHOLD | 1 | |
| Meta Platforms, Inc. | May 27, 2026 | Elect John Elkann | Director Elections | Board | WITHHOLD | 1 | |
| Meta Platforms, Inc. | May 27, 2026 | Elect Marc L. Andreessen | Director Elections | Board | WITHHOLD | 1 | |
| Meta Platforms, Inc. | May 27, 2026 | Elect Peggy Alford | Director Elections | Board | WITHHOLD | 1 | |
| MetroCity Bankshares, Inc. | May 21, 2026 | Election of Directors: Francis Lai | Director Elections | Board | AGAINST | 1 | |
| Metropolitan Bank Holding Corp. | April 29, 2026 | Election of Directors: Maria Fiorini Ramirez - for a 3-year term | Director Elections | Board | WITHHOLD | 1 | |
| Microvast Holdings, Inc. | October 23, 2025 | Election of Director: Wei Ying | Director Elections | Board | AGAINST | 1 | |
| Migros Ticaret AS | April 13, 2026 | Amend Article 7 Re: Capital Related | Capital Structure | Board | AGAINST | 1 | |
| Minth Group Limited | June 30, 2026 | Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 1 | |
| Mitsubishi UFJ Financial Group, Inc. | June 26, 2026 | Elect Director Shimizu, Hiroshi | Director Elections | Board | AGAINST | 1 | |
| Mitsubishi UFJ Financial Group, Inc. | June 26, 2026 | Elect Director Ueda, Teruhisa | Director Elections | Board | AGAINST | 1 | |
| Modiv Industrial, Inc. | July 23, 2025 | Election of Directors: Kimberly Smith | Director Elections | Board | WITHHOLD | 1 | |
| Moncler SpA | April 21, 2026 | Approve 2026 Restricted Shares Plan | Compensation | Board | AGAINST | 1 | |
| Moncler SpA | April 21, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 1 | |
| Monopar Therapeutics Inc. | June 22, 2026 | Election of Directors: Chandler D. Robinson | Director Elections | Board | WITHHOLD | 1 | |
| Monopar Therapeutics Inc. | June 22, 2026 | Election of Directors: Christopher M. Starr | Director Elections | Board | WITHHOLD | 1 | |
| Monopar Therapeutics Inc. | June 22, 2026 | Election of Directors: Kim R. Tsuchimoto | Director Elections | Board | WITHHOLD | 1 | |
| Monopar Therapeutics Inc. | June 22, 2026 | To approve the 2026 Stock Incentive Plan. | Compensation | Board | AGAINST | 1 | |
| Movado Group, Inc. | June 17, 2026 | Election of Directors: Ann Kirschner | Director Elections | Board | WITHHOLD | 1 | |
| Movado Group, Inc. | June 17, 2026 | Election of Directors: Efraim Grinberg | Director Elections | Board | WITHHOLD | 1 | |
| Movado Group, Inc. | June 17, 2026 | Election of Directors: Maya Peterson | Director Elections | Board | WITHHOLD | 1 | |
| Movado Group, Inc. | June 17, 2026 | Election of Directors: Peter A. Bridgman | Director Elections | Board | WITHHOLD | 1 | |
| Movado Group, Inc. | June 17, 2026 | Election of Directors: Stephen Sadove | Director Elections | Board | WITHHOLD | 1 | |
| Murata Manufacturing Co. Ltd. | June 29, 2026 | Elect Director and Audit Committee Member Enomoto, Seiichi | Director Elections | Board | AGAINST | 1 | |
| N-able, Inc. | May 28, 2026 | Election of Class II Directors: James Cameron McMartin | Director Elections | Board | WITHHOLD | 1 | |
| N-able, Inc. | May 28, 2026 | Election of Class II Directors: Michael Bingle | Director Elections | Board | WITHHOLD | 1 | |
| NACCO Industries, Inc. | May 15, 2026 | Election of Directors: Alfred M. Rankin, Jr. | Director Elections | Board | WITHHOLD | 1 | |
| NACCO Industries, Inc. | May 15, 2026 | Election of Directors: Britton T. Taplin | Director Elections | Board | WITHHOLD | 1 | |
| NACCO Industries, Inc. | May 15, 2026 | Election of Directors: Dennis W. LaBarre | Director Elections | Board | WITHHOLD | 1 | |
| NACCO Industries, Inc. | May 15, 2026 | Election of Directors: J.C. Butler, Jr. | Director Elections | Board | WITHHOLD | 1 | |
| NACCO Industries, Inc. | May 15, 2026 | Election of Directors: John P. Jumper | Director Elections | Board | WITHHOLD | 1 | |
| NACCO Industries, Inc. | May 15, 2026 | Election of Directors: John S. Dalrymple, III | Director Elections | Board | WITHHOLD | 1 | |
| NACCO Industries, Inc. | May 15, 2026 | Election of Directors: Matthew M. Rankin | Director Elections | Board | WITHHOLD | 1 | |
| NACCO Industries, Inc. | May 15, 2026 | Election of Directors: Michael S. Miller | Director Elections | Board | WITHHOLD | 1 | |
| NACCO Industries, Inc. | May 15, 2026 | Election of Directors: Valerie Gentile Sachs | Director Elections | Board | WITHHOLD | 1 | |
| NCC AB | May 5, 2026 | Approve Alternative Equity Plan Financing | Compensation | Board | AGAINST | 1 | |
| NCC AB | May 5, 2026 | Approve Performance Share Incentive Plan LTI 2026 | Compensation | Board | AGAINST | 1 | |
| NCC AB | May 5, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 1 | |
| NCC AB | May 5, 2026 | Approve Transfer of Class B Shares to Participants of LTI 2026 Program | Compensation | Board | AGAINST | 1 | |
| NEPI Rockcastle NV | May 13, 2026 | Approve Remuneration Implementation Report | Compensation | Board | AGAINST | 1 | |
| NET Power Inc. | June 3, 2026 | Election of Class III Directors: Joseph Kelliher | Director Elections | Board | WITHHOLD | 1 | |
| NEXON Co., Ltd. | March 25, 2026 | Approve Deep Discount Stock Option Plan | Compensation | Board | AGAINST | 1 | |
| NEXON Co., Ltd. | March 25, 2026 | Elect Director and Audit Committee Member Hanmin Cho | Director Elections | Board | AGAINST | 1 | |
| NEXON Co., Ltd. | March 25, 2026 | Elect Director and Audit Committee Member Kuniya, Shiro | Director Elections | Board | AGAINST | 1 | |
| NIKON CORPORATION | June 26, 2026 | Elect Takuya Nakata | Director Elections | Board | AGAINST | 1 | |
| NISSAN MOTOR CO., LTD. | June 23, 2026 | Elect Motoo Nagai | Director Elections | Board | AGAINST | 1 | |
| NMDC Limited | August 28, 2025 | Elect Achal Kumar Sinha as Director | Director Elections | Board | AGAINST | 1 | |
| NMDC Limited | August 28, 2025 | Elect Amitava Mukherjee as Director and Approve Appointment of Amitava Mukherjee as Chairman and Managing Director | Director Elections | Board | AGAINST | 1 | |
| NMDC Limited | August 28, 2025 | Elect Ashish Chatterjee as Director | Director Elections | Board | AGAINST | 1 | |
| NMDC Limited | August 28, 2025 | Elect Priyadarshini Gaddam as Director | Director Elections | Board | AGAINST | 1 | |
| NMDC Limited | August 28, 2025 | Reelect Sanjay Tandon as Director | Director Elections | Board | AGAINST | 1 | |
| NMDC Limited | August 28, 2025 | Reelect Vinay Kumar as Director | Director Elections | Board | AGAINST | 1 | |
| NMDC Limited | August 28, 2025 | Reelect Vishwanath Suresh as Director | Director Elections | Board | AGAINST | 1 | |
| Narayana Hrudayalaya Limited | August 29, 2025 | Approve Increase in the Limits for Providing Loans, Guarantee, Security and Making Investments under Section 186 of the Companies Act, 2013 | Capital Structure | Board | AGAINST | 1 | |
| Naspers Ltd. | August 21, 2025 | Approve Financial Assistance in Terms of Section 44 of the Companies Act | Capital Structure | Board | AGAINST | 1 | |
| Naspers Ltd. | August 21, 2025 | Approve Implementation Report of the Remuneration Report | Compensation | Board | AGAINST | 1 | |
| Naspers Ltd. | August 21, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 1 | |
| Naspers Ltd. | August 21, 2025 | Authorise Board to Issue Shares for Cash | Capital Structure | Board | AGAINST | 1 | |
| Naspers Ltd. | August 21, 2025 | Authorise Repurchase of A Ordinary Shares | Capital Structure | Board | AGAINST | 1 | |
| Naspers Ltd. | August 21, 2025 | Authorise Specific Repurchase of N Ordinary Shares from Holders of N Ordinary Share | Extraordinary Transactions | Board | AGAINST | 1 | |
| Naspers Ltd. | August 21, 2025 | Place Authorised but Unissued Shares under Control of Directors | Capital Structure | Board | AGAINST | 1 | |
| Naspers Ltd. | August 21, 2025 | Re-elect Steve Pacak as Chairman of the Audit Committee | Director Elections | Board | AGAINST | 1 | |
| Natura Cosmeticos SA | October 31, 2025 | Request Establishment of Supervisory Council | Director Elections | Board | ABSTAIN | 1 | |
| Natura Cosmeticos SA | April 29, 2026 | Remuneration Policy | Compensation | Board | AGAINST | 1 | |
| Natura Cosmeticos SA | April 29, 2026 | Request Cumulative Voting | Director Elections | Board | AGAINST | 1 | |
| Natura Cosmeticos SA | April 29, 2026 | Request Establishment of Supervisory Council | Director Elections | Board | ABSTAIN | 1 | |
| Natura Cosmeticos SA | April 29, 2026 | Request Separate Election for Board Member | Director Elections | Board | ABSTAIN | 1 | |
| Nature's Sunshine Products, Inc. | May 6, 2026 | To approve the adoption of the Nature's Sunshine Products, Inc. 2026 Stock Incentive Plan. | Compensation | Board | AGAINST | 1 | |
| Naturgy Energy Group SA | March 24, 2026 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 1 | |
| Naturgy Energy Group SA | March 24, 2026 | Ratify Appointment of and Elect Lars C. Bespolka as Director | Director Elections | Board | AGAINST | 1 | |
| Naturgy Energy Group SA | March 24, 2026 | Reelect Francisco Reynes Massanet as Director | Director Elections | Board | AGAINST | 1 | |
| Naturgy Energy Group SA | March 24, 2026 | Reelect Jaime Siles Fernandez Palacios as Director | Director Elections | Board | AGAINST | 1 | |
| Naturgy Energy Group SA | March 24, 2026 | Reelect Ramon Adell Ramon as Director | Director Elections | Board | AGAINST | 1 | |
| Nautilus Biotechnology, Inc. | June 17, 2026 | Election of Class II Directors: Farzad Nazem | Director Elections | Board | WITHHOLD | 1 | |
| Nautilus Biotechnology, Inc. | June 17, 2026 | Election of Class II Directors: Parag Mallick | Director Elections | Board | WITHHOLD | 1 | |
| Navitas Semiconductor Corporation | July 8, 2025 | Election of Directors: Gene Sheridan | Director Elections | Board | WITHHOLD | 1 | |
| Nelnet, Inc. | May 14, 2026 | Election of three Class III directors for three-year terms: Kathleen A. Farrell | Director Elections | Board | AGAINST | 1 | |
| NeoVolta, Inc. | December 10, 2025 | Election of Directors: John Hass | Director Elections | Board | WITHHOLD | 1 | |
| NeoVolta, Inc. | December 10, 2025 | Election of Directors: Susan Snow | Director Elections | Board | WITHHOLD | 1 | |
| Neptune Insurance Holdings Inc. | May 28, 2026 | Election of two Class I directors: Jonathan Carlon | Director Elections | Board | WITHHOLD | 1 | |
| Neptune Insurance Holdings Inc. | May 28, 2026 | Election of two Class I directors: Trevor Burgess | Director Elections | Board | WITHHOLD | 1 | |
| NerdWallet, Inc. | May 21, 2026 | To elect four members to our Board of Directors, each to serve until the annual meeting of stockholders in 2027 and until a successor has been duly elected and qualified, or until such director's earlier resignation, retirement or other termination of service: Tim Chen | Director Elections | Board | WITHHOLD | 1 | |
| Netcompany Group A/S | March 5, 2026 | Approve Remuneration Report (Advisory Vote) | Compensation | Board | AGAINST | 1 | |
| Neumora Therapeutics, Inc. | May 27, 2026 | To elect three Class III directors to hold office until the 2029 annual meeting of stockholders or until their successors are elected: Paul Berns | Director Elections | Board | WITHHOLD | 1 | |
| Neurogene Inc. | June 3, 2026 | Election of Class III Directors for terms expiring in 2029: Robert Baffi, Ph.D. | Director Elections | Board | WITHHOLD | 1 | |
| New China Life Insurance Company Ltd. | June 26, 2026 | Approve Deloitte Touche Tohmatsu Certified Public Accountants LLP as Domestic Auditor and Deloitte Touche Tohmatsu as International Auditor and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 1 |
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Built November 8, 2026 from SEC Form N-PX filings.