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Compiled from SEC Form N-PX filings and CLEVELAND-CLIFFS INC.’s Form 8-K, filed May 21, 2025 (Item 5.07 on EDGAR). Page generated October 14, 2026.
Meeting of May 15, 2025: 12 items on CLEVELAND-CLIFFS INC.’s Form 8-K, filed May 21, 2025: 10 elected · 2 without a stated outcome.
None.
Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided
Explore CLEVELAND-CLIFFS INC. in the interactive database Compare manager voting policies
These tallies are CLEVELAND-CLIFFS INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 21, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Lourenco Goncalves | 249,696,604 | -- | -- | 11,782,289 | 112,532,145 | 95% | Elected | — |
| Elect Director: Douglas C. Taylor | 250,804,105 | -- | -- | 10,674,788 | 112,532,145 | 96% | Elected | — |
| Elect Director: John T. Baldwin | 251,352,177 | -- | -- | 10,126,716 | 112,532,145 | 96% | Elected | — |
| Elect Director: Ron A. Bloom | 253,509,758 | -- | -- | 7,969,135 | 112,532,145 | 97% | Elected | — |
| Elect Director: Jane M. Cronin | 249,809,157 | -- | -- | 11,669,736 | 112,532,145 | 96% | Elected | — |
| Elect Director: Susan M. Green | 252,237,286 | -- | -- | 9,241,607 | 112,532,145 | 96% | Elected | — |
| Elect Director: Ralph S. Michael, III | 249,554,549 | -- | -- | 11,924,344 | 112,532,145 | 95% | Elected | — |
| Elect Director: Ben Oren | 248,164,857 | -- | -- | 13,314,036 | 112,532,145 | 95% | Elected | — |
| Elect Director: Gabriel Stoliar | 253,348,977 | -- | -- | 8,129,916 | 112,532,145 | 97% | Elected | — |
| Elect Director: Arlene M. Yocum | 254,108,976 | -- | -- | 7,369,917 | 112,532,145 | 97% | Elected | — |
| 2. Approval, on an Advisory Basis, of our Named Executive Officers' Compensation This proposal received an affirmative vote of over 90%, which is significantly more than a majority of the shares present, in person or represented by proxy, at the Annual Meeting | 236,209,168 | 23,583,564 | 1,686,161 | -- | 112,532,145 | 91% | Not verified | a majority of the shares present or represented |
| 3. Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2025 This proposal received an affirmative vote of more than a majority of the shares present, in person or represented by proxy, at | 356,690,759 | 15,768,744 | 1,551,535 | -- | -- | 96% | Not verified | a majority of the shares present or represented |
Source: CLEVELAND-CLIFFS INC., Form 8-K, filed with the SEC on May 21, 2025 — read the filing on EDGAR.
Each item below shows how the 485 asset managers that disclosed a CLEVELAND-CLIFFS INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.
Combines 8 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: A.M. Yocum
CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Arlene M. Yocum”): 254,108,976 for, 7,369,917 withheld, per its Form 8-K filed May 21, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “At the Annual Meeting, the shareholders voted on the following items: Proposal No. 1: Election of Directors All of the Company's nominees were elected as directors by the votes indicated below for a term that will expire on the date of the Company's 2026 annual meeting of shareholders:”
Support: 97% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 83 asset managers below reported 118,083,684 for, 106,024 withheld, 2 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 48,058,083 | 0 | 2 | 0 | For |
| BlackRock | 18,981,536 | 0 | 0 | 0 | For |
| Dimensional | 10,477,595 | 0 | 0 | 0 | For |
| Fidelity | 6,895,565 | 0 | 0 | 0 | For |
| American Century | 4,387,748 | 0 | 0 | 0 | For |
| Charles Schwab | 4,207,393 | 0 | 0 | 0 | For |
| Global X | 3,101,182 | 0 | 0 | 0 | For |
| State Street | 2,987,341 | 0 | 0 | 0 | For |
| DWS | 1,716,447 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST II | 1,282,201 | 0 | 0 | 0 | For |
| TIAA | 1,260,465 | 0 | 0 | 0 | For |
| SEI | 1,246,437 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,168,460 | 0 | 0 | 0 | For |
| First Trust | 1,128,150 | 0 | 0 | 0 | For |
| Jackson National | 675,633 | 0 | 0 | 0 | For |
| Principal | 613,273 | 0 | 0 | 0 | For |
| Equitable | 578,369 | 0 | 0 | 0 | For |
| JPMorgan | 575,034 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 571,194 | 0 | 0 | 0 | For |
| Victory Capital | 563,349 | 0 | 0 | 0 | For |
| John Hancock | 504,012 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 472,577 | 0 | 0 | 0 | For |
| Voya | 406,146 | 0 | 0 | 0 | For |
| New York Life | 384,103 | 0 | 0 | 0 | For |
| BNY Mellon | 342,185 | 0 | 0 | 0 | For |
Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.
Combines 8 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: B. Oren
CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Ben Oren”): 248,164,857 for, 13,314,036 withheld, per its Form 8-K filed May 21, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “At the Annual Meeting, the shareholders voted on the following items: Proposal No. 1: Election of Directors All of the Company's nominees were elected as directors by the votes indicated below for a term that will expire on the date of the Company's 2026 annual meeting of shareholders:”
Support: 95% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 83 asset managers below reported 118,083,682 for, 106,024 withheld, 4 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 48,058,081 | 0 | 4 | 0 | For |
| BlackRock | 18,981,536 | 0 | 0 | 0 | For |
| Dimensional | 10,477,595 | 0 | 0 | 0 | For |
| Fidelity | 6,895,565 | 0 | 0 | 0 | For |
| American Century | 4,387,748 | 0 | 0 | 0 | For |
| Charles Schwab | 4,207,393 | 0 | 0 | 0 | For |
| Global X | 3,101,182 | 0 | 0 | 0 | For |
| State Street | 2,987,341 | 0 | 0 | 0 | For |
| DWS | 1,716,447 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST II | 1,282,201 | 0 | 0 | 0 | For |
| TIAA | 1,260,465 | 0 | 0 | 0 | For |
| SEI | 1,246,437 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,168,460 | 0 | 0 | 0 | For |
| First Trust | 1,128,150 | 0 | 0 | 0 | For |
| Jackson National | 675,633 | 0 | 0 | 0 | For |
| Principal | 613,273 | 0 | 0 | 0 | For |
| Equitable | 578,369 | 0 | 0 | 0 | For |
| JPMorgan | 575,034 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 571,194 | 0 | 0 | 0 | For |
| Victory Capital | 563,349 | 0 | 0 | 0 | For |
| John Hancock | 504,012 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 472,577 | 0 | 0 | 0 | For |
| Voya | 406,146 | 0 | 0 | 0 | For |
| New York Life | 384,103 | 0 | 0 | 0 | For |
| BNY Mellon | 342,185 | 0 | 0 | 0 | For |
Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.
Combines 8 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: D.C. Taylor
CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Douglas C. Taylor”): 250,804,105 for, 10,674,788 withheld, per its Form 8-K filed May 21, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “At the Annual Meeting, the shareholders voted on the following items: Proposal No. 1: Election of Directors All of the Company's nominees were elected as directors by the votes indicated below for a term that will expire on the date of the Company's 2026 annual meeting of shareholders:”
Support: 96% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 83 asset managers below reported 117,479,269 for, 108,460 withheld, 591,031 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 48,058,082 | 0 | 3 | 0 | For |
| BlackRock | 18,981,536 | 0 | 0 | 0 | For |
| Dimensional | 10,477,595 | 0 | 0 | 0 | For |
| Fidelity | 6,895,160 | 0 | 0 | 405 | For |
| American Century | 4,387,748 | 0 | 0 | 0 | For |
| Charles Schwab | 4,207,393 | 0 | 0 | 0 | For |
| Global X | 3,101,182 | 0 | 0 | 0 | For |
| State Street | 2,987,341 | 0 | 0 | 0 | For |
| DWS | 1,716,447 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST II | 1,271,251 | 0 | 0 | 0 | For |
| TIAA | 1,260,465 | 0 | 0 | 0 | For |
| SEI | 1,246,437 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,168,460 | 0 | 0 | 0 | For |
| First Trust | 1,128,150 | 0 | 0 | 0 | For |
| Jackson National | 675,633 | 0 | 0 | 0 | For |
| Principal | 613,273 | 0 | 0 | 0 | For |
| Equitable | 578,369 | 0 | 0 | 0 | For |
| JPMorgan | 0 | 0 | 575,034 | 0 | Abstain |
| AIG/SunAmerica | 571,194 | 0 | 0 | 0 | For |
| Victory Capital | 563,349 | 0 | 0 | 0 | For |
| John Hancock | 504,012 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 472,577 | 0 | 0 | 0 | For |
| Voya | 406,146 | 0 | 0 | 0 | For |
| New York Life | 384,103 | 0 | 0 | 0 | For |
| BNY Mellon | 342,185 | 0 | 0 | 0 | For |
Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.
Combines 8 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: G. Stoliar
CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Gabriel Stoliar”): 253,348,977 for, 8,129,916 withheld, per its Form 8-K filed May 21, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “At the Annual Meeting, the shareholders voted on the following items: Proposal No. 1: Election of Directors All of the Company's nominees were elected as directors by the votes indicated below for a term that will expire on the date of the Company's 2026 annual meeting of shareholders:”
Support: 97% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 83 asset managers below reported 118,083,684 for, 106,024 withheld, 2 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 48,058,083 | 0 | 2 | 0 | For |
| BlackRock | 18,981,536 | 0 | 0 | 0 | For |
| Dimensional | 10,477,595 | 0 | 0 | 0 | For |
| Fidelity | 6,895,565 | 0 | 0 | 0 | For |
| American Century | 4,387,748 | 0 | 0 | 0 | For |
| Charles Schwab | 4,207,393 | 0 | 0 | 0 | For |
| Global X | 3,101,182 | 0 | 0 | 0 | For |
| State Street | 2,987,341 | 0 | 0 | 0 | For |
| DWS | 1,716,447 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST II | 1,282,201 | 0 | 0 | 0 | For |
| TIAA | 1,260,465 | 0 | 0 | 0 | For |
| SEI | 1,246,437 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,168,460 | 0 | 0 | 0 | For |
| First Trust | 1,128,150 | 0 | 0 | 0 | For |
| Jackson National | 675,633 | 0 | 0 | 0 | For |
| Principal | 613,273 | 0 | 0 | 0 | For |
| Equitable | 578,369 | 0 | 0 | 0 | For |
| JPMorgan | 575,034 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 571,194 | 0 | 0 | 0 | For |
| Victory Capital | 563,349 | 0 | 0 | 0 | For |
| John Hancock | 504,012 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 472,577 | 0 | 0 | 0 | For |
| Voya | 406,146 | 0 | 0 | 0 | For |
| New York Life | 384,103 | 0 | 0 | 0 | For |
| BNY Mellon | 342,185 | 0 | 0 | 0 | For |
Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.
Combines 8 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: J.M. Cronin
CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Jane M. Cronin”): 249,809,157 for, 11,669,736 withheld, per its Form 8-K filed May 21, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “At the Annual Meeting, the shareholders voted on the following items: Proposal No. 1: Election of Directors All of the Company's nominees were elected as directors by the votes indicated below for a term that will expire on the date of the Company's 2026 annual meeting of shareholders:”
Support: 96% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 83 asset managers below reported 118,083,683 for, 106,024 withheld, 3 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 48,058,082 | 0 | 3 | 0 | For |
| BlackRock | 18,981,536 | 0 | 0 | 0 | For |
| Dimensional | 10,477,595 | 0 | 0 | 0 | For |
| Fidelity | 6,895,565 | 0 | 0 | 0 | For |
| American Century | 4,387,748 | 0 | 0 | 0 | For |
| Charles Schwab | 4,207,393 | 0 | 0 | 0 | For |
| Global X | 3,101,182 | 0 | 0 | 0 | For |
| State Street | 2,987,341 | 0 | 0 | 0 | For |
| DWS | 1,716,447 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST II | 1,282,201 | 0 | 0 | 0 | For |
| TIAA | 1,260,465 | 0 | 0 | 0 | For |
| SEI | 1,246,437 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,168,460 | 0 | 0 | 0 | For |
| First Trust | 1,128,150 | 0 | 0 | 0 | For |
| Jackson National | 675,633 | 0 | 0 | 0 | For |
| Principal | 613,273 | 0 | 0 | 0 | For |
| Equitable | 578,369 | 0 | 0 | 0 | For |
| JPMorgan | 575,034 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 571,194 | 0 | 0 | 0 | For |
| Victory Capital | 563,349 | 0 | 0 | 0 | For |
| John Hancock | 504,012 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 472,577 | 0 | 0 | 0 | For |
| Voya | 406,146 | 0 | 0 | 0 | For |
| New York Life | 384,103 | 0 | 0 | 0 | For |
| BNY Mellon | 342,185 | 0 | 0 | 0 | For |
Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.
Combines 8 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: J.T. Baldwin
CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: John T. Baldwin”): 251,352,177 for, 10,126,716 withheld, per its Form 8-K filed May 21, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “At the Annual Meeting, the shareholders voted on the following items: Proposal No. 1: Election of Directors All of the Company's nominees were elected as directors by the votes indicated below for a term that will expire on the date of the Company's 2026 annual meeting of shareholders:”
Support: 96% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 83 asset managers below reported 117,490,220 for, 108,460 withheld, 591,030 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 48,058,083 | 0 | 2 | 0 | For |
| BlackRock | 18,981,536 | 0 | 0 | 0 | For |
| Dimensional | 10,477,595 | 0 | 0 | 0 | For |
| Fidelity | 6,895,160 | 0 | 0 | 405 | For |
| American Century | 4,387,748 | 0 | 0 | 0 | For |
| Charles Schwab | 4,207,393 | 0 | 0 | 0 | For |
| Global X | 3,101,182 | 0 | 0 | 0 | For |
| State Street | 2,987,341 | 0 | 0 | 0 | For |
| DWS | 1,716,447 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST II | 1,282,201 | 0 | 0 | 0 | For |
| TIAA | 1,260,465 | 0 | 0 | 0 | For |
| SEI | 1,246,437 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,168,460 | 0 | 0 | 0 | For |
| First Trust | 1,128,150 | 0 | 0 | 0 | For |
| Jackson National | 675,633 | 0 | 0 | 0 | For |
| Principal | 613,273 | 0 | 0 | 0 | For |
| Equitable | 578,369 | 0 | 0 | 0 | For |
| JPMorgan | 0 | 0 | 575,034 | 0 | Abstain |
| AIG/SunAmerica | 571,194 | 0 | 0 | 0 | For |
| Victory Capital | 563,349 | 0 | 0 | 0 | For |
| John Hancock | 504,012 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 472,577 | 0 | 0 | 0 | For |
| Voya | 406,146 | 0 | 0 | 0 | For |
| New York Life | 384,103 | 0 | 0 | 0 | For |
| BNY Mellon | 342,185 | 0 | 0 | 0 | For |
Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.
Combines 8 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: L. Goncalves
CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Lourenco Goncalves”): 249,696,604 for, 11,782,289 withheld, per its Form 8-K filed May 21, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “At the Annual Meeting, the shareholders voted on the following items: Proposal No. 1: Election of Directors All of the Company's nominees were elected as directors by the votes indicated below for a term that will expire on the date of the Company's 2026 annual meeting of shareholders:”
Support: 95% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 83 asset managers below reported 118,054,541 for, 108,222 withheld, 15,997 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 48,058,082 | 0 | 3 | 0 | For |
| BlackRock | 18,981,536 | 0 | 0 | 0 | For |
| Dimensional | 10,477,595 | 0 | 0 | 0 | For |
| Fidelity | 6,895,565 | 0 | 0 | 0 | For |
| American Century | 4,387,748 | 0 | 0 | 0 | For |
| Charles Schwab | 4,207,393 | 0 | 0 | 0 | For |
| Global X | 3,101,182 | 0 | 0 | 0 | For |
| State Street | 2,987,174 | 0 | 0 | 167 | For |
| DWS | 1,716,447 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST II | 1,271,251 | 0 | 0 | 0 | For |
| TIAA | 1,260,465 | 0 | 0 | 0 | For |
| SEI | 1,246,437 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,168,460 | 0 | 0 | 0 | For |
| First Trust | 1,128,150 | 0 | 0 | 0 | For |
| Jackson National | 675,633 | 0 | 0 | 0 | For |
| Principal | 613,273 | 0 | 0 | 0 | For |
| Equitable | 578,369 | 0 | 0 | 0 | For |
| JPMorgan | 575,034 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 571,194 | 0 | 0 | 0 | For |
| Victory Capital | 563,349 | 0 | 0 | 0 | For |
| John Hancock | 504,012 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 472,577 | 0 | 0 | 0 | For |
| Voya | 406,146 | 0 | 0 | 0 | For |
| New York Life | 384,103 | 0 | 0 | 0 | For |
| BNY Mellon | 342,185 | 0 | 0 | 0 | For |
Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.
Combines 8 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: R.A. Bloom
CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Ron A. Bloom”): 253,509,758 for, 7,969,135 withheld, per its Form 8-K filed May 21, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “At the Annual Meeting, the shareholders voted on the following items: Proposal No. 1: Election of Directors All of the Company's nominees were elected as directors by the votes indicated below for a term that will expire on the date of the Company's 2026 annual meeting of shareholders:”
Support: 97% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 83 asset managers below reported 118,082,532 for, 107,176 withheld, 2 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 48,056,931 | 0 | 2 | 1,152 | For |
| BlackRock | 18,981,536 | 0 | 0 | 0 | For |
| Dimensional | 10,477,595 | 0 | 0 | 0 | For |
| Fidelity | 6,895,565 | 0 | 0 | 0 | For |
| American Century | 4,387,748 | 0 | 0 | 0 | For |
| Charles Schwab | 4,207,393 | 0 | 0 | 0 | For |
| Global X | 3,101,182 | 0 | 0 | 0 | For |
| State Street | 2,987,341 | 0 | 0 | 0 | For |
| DWS | 1,716,447 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST II | 1,282,201 | 0 | 0 | 0 | For |
| TIAA | 1,260,465 | 0 | 0 | 0 | For |
| SEI | 1,246,437 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,168,460 | 0 | 0 | 0 | For |
| First Trust | 1,128,150 | 0 | 0 | 0 | For |
| Jackson National | 675,633 | 0 | 0 | 0 | For |
| Principal | 613,273 | 0 | 0 | 0 | For |
| Equitable | 578,369 | 0 | 0 | 0 | For |
| JPMorgan | 575,034 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 571,194 | 0 | 0 | 0 | For |
| Victory Capital | 563,349 | 0 | 0 | 0 | For |
| John Hancock | 504,012 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 472,577 | 0 | 0 | 0 | For |
| Voya | 406,146 | 0 | 0 | 0 | For |
| New York Life | 384,103 | 0 | 0 | 0 | For |
| BNY Mellon | 342,185 | 0 | 0 | 0 | For |
Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.
Combines 8 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: R.S. Michael, III
CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Ralph S. Michael, III”): 249,554,549 for, 11,924,344 withheld, per its Form 8-K filed May 21, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “At the Annual Meeting, the shareholders voted on the following items: Proposal No. 1: Election of Directors All of the Company's nominees were elected as directors by the votes indicated below for a term that will expire on the date of the Company's 2026 annual meeting of shareholders:”
Support: 95% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 83 asset managers below reported 117,392,111 for, 206,568 withheld, 591,031 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 48,056,930 | 0 | 3 | 1,152 | For |
| BlackRock | 18,981,536 | 0 | 0 | 0 | For |
| Dimensional | 10,477,595 | 0 | 0 | 0 | For |
| Fidelity | 6,895,160 | 0 | 0 | 405 | For |
| American Century | 4,387,748 | 0 | 0 | 0 | For |
| Charles Schwab | 4,207,393 | 0 | 0 | 0 | For |
| Global X | 3,101,182 | 0 | 0 | 0 | For |
| State Street | 2,987,341 | 0 | 0 | 0 | For |
| DWS | 1,716,447 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST II | 1,282,201 | 0 | 0 | 0 | For |
| TIAA | 1,260,465 | 0 | 0 | 0 | For |
| SEI | 1,246,437 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,168,460 | 0 | 0 | 0 | For |
| First Trust | 1,128,150 | 0 | 0 | 0 | For |
| Jackson National | 675,633 | 0 | 0 | 0 | For |
| Principal | 613,273 | 0 | 0 | 0 | For |
| Equitable | 578,369 | 0 | 0 | 0 | For |
| JPMorgan | 0 | 0 | 575,034 | 0 | Abstain |
| AIG/SunAmerica | 571,194 | 0 | 0 | 0 | For |
| Victory Capital | 563,349 | 0 | 0 | 0 | For |
| John Hancock | 504,012 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 472,577 | 0 | 0 | 0 | For |
| Voya | 406,146 | 0 | 0 | 0 | For |
| New York Life | 384,103 | 0 | 0 | 0 | For |
| BNY Mellon | 342,185 | 0 | 0 | 0 | For |
Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.
Combines 8 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: S.M. Green
CLEVELAND-CLIFFS INC.’s own tally for this item (“Elect Director: Susan M. Green”): 252,237,286 for, 9,241,607 withheld, per its Form 8-K filed May 21, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: Elected, in the filing’s own words: “At the Annual Meeting, the shareholders voted on the following items: Proposal No. 1: Election of Directors All of the Company's nominees were elected as directors by the votes indicated below for a term that will expire on the date of the Company's 2026 annual meeting of shareholders:”
Support: 96% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 83 asset managers below reported 118,083,379 for, 106,328 withheld, 3 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 48,058,082 | 0 | 3 | 0 | For |
| BlackRock | 18,981,536 | 0 | 0 | 0 | For |
| Dimensional | 10,477,595 | 0 | 0 | 0 | For |
| Fidelity | 6,895,565 | 0 | 0 | 0 | For |
| American Century | 4,387,748 | 0 | 0 | 0 | For |
| Charles Schwab | 4,207,393 | 0 | 0 | 0 | For |
| Global X | 3,101,182 | 0 | 0 | 0 | For |
| State Street | 2,987,037 | 0 | 0 | 304 | For |
| DWS | 1,716,447 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST II | 1,282,201 | 0 | 0 | 0 | For |
| TIAA | 1,260,465 | 0 | 0 | 0 | For |
| SEI | 1,246,437 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,168,460 | 0 | 0 | 0 | For |
| First Trust | 1,128,150 | 0 | 0 | 0 | For |
| Jackson National | 675,633 | 0 | 0 | 0 | For |
| Principal | 613,273 | 0 | 0 | 0 | For |
| Equitable | 578,369 | 0 | 0 | 0 | For |
| JPMorgan | 575,034 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 571,194 | 0 | 0 | 0 | For |
| Victory Capital | 563,349 | 0 | 0 | 0 | For |
| John Hancock | 504,012 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 472,577 | 0 | 0 | 0 | For |
| Voya | 406,146 | 0 | 0 | 0 | For |
| New York Life | 384,103 | 0 | 0 | 0 | For |
| BNY Mellon | 342,185 | 0 | 0 | 0 | For |
Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.
Combines 19 wordings of this item as funds reported it.
91% Majority: yes · of votes cast
Description as filed by funds: Approval, on an advisory basis, of Cleveland- Cliffs Inc.'s named executive officers' compensation.
CLEVELAND-CLIFFS INC.’s own tally for this item (“2. Approval, on an Advisory Basis, of our Named Executive Officers' Compensation This proposal received an affirmative vote of over 90%, which is significantly more than a majority of the shares present, in person or rep”): 236,209,168 for, 23,583,564 against, per its Form 8-K filed May 21, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 91% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Voting standard, as the filing states it: a majority of the shares present or represented (“majority of the shares present”).
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 48,056,557 | 1,527 | 0 | 0 | For |
| BlackRock | 18,981,536 | 0 | 0 | 0 | For |
| Dimensional | 10,477,595 | 0 | 0 | 0 | For |
| Fidelity | 6,895,160 | 405 | 0 | 0 | For |
| American Century | 4,387,748 | 0 | 0 | 0 | For |
| Charles Schwab | 4,207,393 | 0 | 0 | 0 | For |
| Global X | 3,101,182 | 0 | 0 | 0 | For |
| State Street | 2,986,031 | 1,310 | 0 | 0 | For |
| DWS | 1,716,447 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST II | 1,282,201 | 0 | 0 | 0 | For |
| TIAA | 0 | 1,260,465 | 0 | 0 | Against |
| SEI | 1,246,437 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,168,460 | 0 | 0 | 0 | For |
| First Trust | 1,128,150 | 0 | 0 | 0 | For |
| Jackson National | 675,633 | 0 | 0 | 0 | For |
| Principal | 204,497 | 408,776 | 0 | 0 | Mixed |
| Equitable | 578,369 | 0 | 0 | 0 | For |
| JPMorgan | 0 | 575,034 | 0 | 0 | Against |
| AIG/SunAmerica | 571,194 | 0 | 0 | 0 | For |
| Victory Capital | 563,349 | 0 | 0 | 0 | For |
| John Hancock | 504,012 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 472,577 | 0 | 0 | 0 | For |
| Voya | 406,146 | 0 | 0 | 0 | For |
| New York Life | 0 | 384,103 | 0 | 0 | Against |
| BNY Mellon | 267,297 | 74,888 | 0 | 0 | Mixed |
Fund voting reports, all 87 managers: 115,301,774 for, 2,980,359 against, 106,024 abstained. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| BlackRock | 13,785,253 | 2,918 | 0 | 0 | For |
| State Street | 9,012,113 | 1,310 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 6,679,564 | 0 | 0 | 0 | For |
| American Century | 4,548,417 | 0 | 0 | 0 | For |
| Charles Schwab | 4,306,938 | 0 | 0 | 0 | For |
| BANK OF AMERICA NA | 4,050,672 | 0 | 0 | 0 | For |
| Slate Path Capital LP | 3,495,547 | 0 | 0 | 0 | For |
| Neuberger Berman | 3,080,704 | 0 | 0 | 0 | For |
| Stonegate Investment Group, LLC | 2,694,645 | 0 | 0 | 0 | For |
| Northern Trust | 2,182,995 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 2,035,004 | 0 | 0 | 0 | For |
| SEI | 1,772,583 | 0 | 0 | 0 | For |
| Dimensional | 1,597,045 | 0 | 0 | 0 | For |
| RBC Dominion Securities Inc. | 1,414,899 | 0 | 0 | 0 | For |
| Newton Investment Management North America, LLC | 0 | 1,305,035 | 0 | 0 | Against |
| Nuveen | 0 | 1,293,962 | 0 | 0 | Against |
| TRUIST FINANCIAL CORP | 1,283,320 | 0 | 0 | 0 | For |
| EDMOND DE ROTHSCHILD HOLDING S.A. | 0 | 1,180,000 | 0 | 0 | Against |
| EASTERLY INVESTMENT PARTNERS LLC | 1,145,452 | 0 | 0 | 0 | For |
| PRINCIPAL GLOBAL INVESTORS | 1,114,770 | 0 | 0 | 0 | For |
| JPMorgan | 0 | 1,081,189 | 0 | 0 | Against |
| Vanguard | 1,066,188 | 0 | 0 | 0 | For |
| Connor, Clark & Lunn Investment Management Ltd. | 1,021,100 | 0 | 0 | 0 | For |
| PARAMETRIC PORTFOLIO ASSOCIATES LLC | 993,463 | 0 | 0 | 0 | For |
| South Dakota Investment Council | 945,549 | 0 | 0 | 0 | For |
Institutional-manager reports, all 419 managers: 89,409,670 for, 7,767,935 against, 24,886 abstained, 24,648 not voted, 1,234 unknown. Showing the 25 largest; see all in the interactive database.
Combines 5 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
Description as filed by funds: RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF CLEVELAND-CLIFFS INC. TO SERVE FOR THE 2025 FISCAL YEAR.
CLEVELAND-CLIFFS INC.’s own tally for this item (“3. Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2025 This proposal received an affirmative vote of more than a majority of the shares present”): 356,690,759 for, 15,768,744 against, per its Form 8-K filed May 21, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Voting standard, as the filing states it: a majority of the shares present or represented (“majority of the shares present”).
The 88 asset managers below reported 118,267,838 for, 3,490 against, 106,024 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 48,056,930 | 1,154 | 0 | 0 | For |
| BlackRock | 18,981,536 | 0 | 0 | 0 | For |
| Dimensional | 10,477,595 | 0 | 0 | 0 | For |
| Fidelity | 6,895,565 | 0 | 0 | 0 | For |
| American Century | 4,387,748 | 0 | 0 | 0 | For |
| Charles Schwab | 4,207,393 | 0 | 0 | 0 | For |
| Global X | 3,101,182 | 0 | 0 | 0 | For |
| State Street | 2,987,037 | 304 | 0 | 0 | For |
| DWS | 1,716,447 | 0 | 0 | 0 | For |
| NORTHERN LIGHTS FUND TRUST II | 1,282,201 | 0 | 0 | 0 | For |
| TIAA | 1,260,465 | 0 | 0 | 0 | For |
| SEI | 1,246,437 | 0 | 0 | 0 | For |
| Neuberger Berman | 1,168,460 | 0 | 0 | 0 | For |
| First Trust | 1,128,150 | 0 | 0 | 0 | For |
| Jackson National | 675,633 | 0 | 0 | 0 | For |
| Principal | 613,273 | 0 | 0 | 0 | For |
| Equitable | 578,369 | 0 | 0 | 0 | For |
| JPMorgan | 575,034 | 0 | 0 | 0 | For |
| AIG/SunAmerica | 571,194 | 0 | 0 | 0 | For |
| Victory Capital | 563,349 | 0 | 0 | 0 | For |
| John Hancock | 504,012 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 472,577 | 0 | 0 | 0 | For |
| Voya | 406,146 | 0 | 0 | 0 | For |
| New York Life | 384,103 | 0 | 0 | 0 | For |
| BNY Mellon | 342,185 | 0 | 0 | 0 | For |
Showing the 25 largest of 88 asset managers. See all 88 in the interactive database.
Not shown here: this season’s fund filings also report 1 item from the meeting of May 16, 2024, which belongs to the 2023-2024 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.
Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 494,490,795 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 9.72% |
| 2 | BlackRock | 3.84% |
| 3 | Dimensional | 2.12% |
| 4 | Fidelity | 1.39% |
| 5 | American Century | 0.89% |
| 6 | Charles Schwab | 0.85% |
| 7 | Global X | 0.63% |
| 8 | State Street | 0.60% |
| 9 | DWS | 0.35% |
| 10 | NORTHERN LIGHTS FUND TRUST II | 0.26% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | BlackRock | 2.79% |
| 2 | State Street | 1.82% |
| 3 | GEODE CAPITAL MANAGEMENT, LLC | 1.35% |
| 4 | American Century | 0.92% |
| 5 | Charles Schwab | 0.88% |
| 6 | BANK OF AMERICA NA | 0.82% |
| 7 | Slate Path Capital LP | 0.71% |
| 8 | Neuberger Berman | 0.62% |
| 9 | Stonegate Investment Group, LLC | 0.54% |
| 10 | Northern Trust | 0.44% |
As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.
| Holder | % outstanding | Disclosure |
|---|---|---|
| BlackRock | 9.80% | 13F |
| Vanguard Group | 9.70% | 13F |
| State Street | 4.62% | 13F |
| Dimensional Fund Advisors | 4.27% | 13F |
| Citadel Advisors | 2.29% | 13F |
| Morgan Stanley | 1.71% | 13F |
| BNY Mellon | 1.44% | 13F |
| Norges Bank | 1.06% | 13F |
| Charles Schwab | 0.93% | 13F |
Percentages above are of 494,490,795 shares outstanding, as reported by CLEVELAND-CLIFFS INC. on its Form 10-Q dated March 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from CLEVELAND-CLIFFS INC.’s 10-Q dated March 31, 2025. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.
At CLEVELAND-CLIFFS INC.'s shareholder meeting held May 15, 2025, in the 2024-2025 proxy season, 485 asset managers reported how they voted on 12 ballot items in their SEC Form N-PX filings, covering 4,531 separate fund positions. On the most widely held item on that ballot — Approval, on an advisory basis, of Cleveland- Cliffs Inc.'s named executive officers'… — FOR was 91% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: CLEVELAND-CLIFFS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 21, 2025.
CLEVELAND-CLIFFS INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.
Download data (CSV): ballot items · votes by manager · column guide.