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CLEVELAND-CLIFFS INC. 2024-2025 Proxy Voting Records

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.

  • 12Ballot items
  • 485Asset managers
  • 4,531Fund votes
  • May 15, 2025Meeting date

Results at a glance

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.

Material dissent

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

Proxy season: 2023-2024 2024-2025 2025-2026

Explore CLEVELAND-CLIFFS INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by CLEVELAND-CLIFFS INC.

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.

CLEVELAND-CLIFFS INC. — official shareholder meeting results, meeting held May 15, 2025
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Lourenco Goncalves 249,696,604---- 11,782,289112,532,145 95%Elected—
Elect Director: Douglas C. Taylor 250,804,105---- 10,674,788112,532,145 96%Elected—
Elect Director: John T. Baldwin 251,352,177---- 10,126,716112,532,145 96%Elected—
Elect Director: Ron A. Bloom 253,509,758---- 7,969,135112,532,145 97%Elected—
Elect Director: Jane M. Cronin 249,809,157---- 11,669,736112,532,145 96%Elected—
Elect Director: Susan M. Green 252,237,286---- 9,241,607112,532,145 96%Elected—
Elect Director: Ralph S. Michael, III 249,554,549---- 11,924,344112,532,145 95%Elected—
Elect Director: Ben Oren 248,164,857---- 13,314,036112,532,145 95%Elected—
Elect Director: Gabriel Stoliar 253,348,977---- 8,129,916112,532,145 97%Elected—
Elect Director: Arlene M. Yocum 254,108,976---- 7,369,917112,532,145 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 236,209,16823,583,5641,686,161 --112,532,145 91%Not verifieda 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 356,690,75915,768,7441,551,535 ---- 96%Not verifieda 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.

How asset managers voted at the CLEVELAND-CLIFFS INC. 2024-2025 meeting

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.

1. Elect Director: Arlene M. Yocum

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 254,108,976WITHHELD: 7,369,917
Details: description as filed, official tally, votes by 83 asset managers

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.

FOR
FOR: 118,083,684ABSTAIN: 2WITHHOLD: 106,024
Largest asset managers voting on “Election of Directors: A.M. Yocum” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0830 20For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

2. Elect Director: Ben Oren

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 248,164,857WITHHELD: 13,314,036
Details: description as filed, official tally, votes by 83 asset managers

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.

FOR
FOR: 118,083,682ABSTAIN: 4WITHHOLD: 106,024
Largest asset managers voting on “Election of Directors: B. Oren” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0810 40For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

3. Elect Director: Douglas C. Taylor

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 250,804,105WITHHELD: 10,674,788
Details: description as filed, official tally, votes by 83 asset managers

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.

FOR
FOR: 117,479,269ABSTAIN: 591,031WITHHOLD: 108,460
Largest asset managers voting on “Election of Directors: D.C. Taylor” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0820 30For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,1600 0405For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,271,2510 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan00 575,0340Abstain
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

4. Elect Director: Gabriel Stoliar

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 253,348,977WITHHELD: 8,129,916
Details: description as filed, official tally, votes by 83 asset managers

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.

FOR
FOR: 118,083,684ABSTAIN: 2WITHHOLD: 106,024
Largest asset managers voting on “Election of Directors: G. Stoliar” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0830 20For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

5. Elect Director: Jane M. Cronin

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 249,809,157WITHHELD: 11,669,736
Details: description as filed, official tally, votes by 83 asset managers

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.

FOR
FOR: 118,083,683ABSTAIN: 3WITHHOLD: 106,024
Largest asset managers voting on “Election of Directors: J.M. Cronin” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0820 30For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

6. Elect Director: John T. Baldwin

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 251,352,177WITHHELD: 10,126,716
Details: description as filed, official tally, votes by 83 asset managers

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.

FOR
FOR: 117,490,220ABSTAIN: 591,030WITHHOLD: 108,460
Largest asset managers voting on “Election of Directors: J.T. Baldwin” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0830 20For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,1600 0405For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan00 575,0340Abstain
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

7. Elect Director: Lourenco Goncalves

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 249,696,604WITHHELD: 11,782,289
Details: description as filed, official tally, votes by 83 asset managers

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.

FOR
FOR: 118,054,541ABSTAIN: 15,997WITHHOLD: 108,222
Largest asset managers voting on “Election of Directors: L. Goncalves” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0820 30For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,1740 0167For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,271,2510 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

8. Elect Director: Ron A. Bloom

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 253,509,758WITHHELD: 7,969,135
Details: description as filed, official tally, votes by 83 asset managers

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.

FOR
FOR: 118,082,532ABSTAIN: 2WITHHOLD: 107,176
Largest asset managers voting on “Election of Directors: R.A. Bloom” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,056,9310 21,152For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

9. Elect Director: Ralph S. Michael, III

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 249,554,549WITHHELD: 11,924,344
Details: description as filed, official tally, votes by 83 asset managers

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.

FOR
FOR: 117,392,111ABSTAIN: 591,031WITHHOLD: 206,568
Largest asset managers voting on “Election of Directors: R.S. Michael, III” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,056,9300 31,152For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,1600 0405For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,3410 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan00 575,0340Abstain
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

10. Elect Director: Susan M. Green

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 252,237,286WITHHELD: 9,241,607
Details: description as filed, official tally, votes by 83 asset managers

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.

FOR
FOR: 118,083,379ABSTAIN: 3WITHHOLD: 106,328
Largest asset managers voting on “Election of Directors: S.M. Green” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,058,0820 30For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,0370 0304For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

11. 2. Approval, on an Advisory Basis, of our Named Executive Officers' Compensation This proposal received an affirmative…

Outcome not verifiedFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 19 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%
FOR: 236,209,168AGAINST: 23,583,564
Details: description as filed, official tally, votes by 484 asset managers

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).

Fund voting reports: 87 asset managers voting on “Approval, on an advisory basis, of Cleveland- Cliffs Inc.'s named executive officers' compensation.” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,056,5571,527 00For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,160405 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,986,0311,310 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA01,260,465 00Against
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal204,497408,776 00Mixed
Equitable578,3690 00For
JPMorgan0575,034 00Against
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life0384,103 00Against
BNY Mellon267,29774,888 00Mixed

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.

Institutional-manager reports: 419 asset managers voting on “Approval, on an advisory basis, of Cleveland- Cliffs Inc.'s named executive officers' compensation.” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock13,785,2532,918 00For
State Street9,012,1131,310 00For
GEODE CAPITAL MANAGEMENT, LLC6,679,5640 00For
American Century4,548,4170 00For
Charles Schwab4,306,9380 00For
BANK OF AMERICA NA4,050,6720 00For
Slate Path Capital LP3,495,5470 00For
Neuberger Berman3,080,7040 00For
Stonegate Investment Group, LLC2,694,6450 00For
Northern Trust2,182,9950 00For
MELLON INVESTMENTS Corp2,035,0040 00For
SEI1,772,5830 00For
Dimensional1,597,0450 00For
RBC Dominion Securities Inc.1,414,8990 00For
Newton Investment Management North America, LLC01,305,035 00Against
Nuveen01,293,962 00Against
TRUIST FINANCIAL CORP1,283,3200 00For
EDMOND DE ROTHSCHILD HOLDING S.A.01,180,000 00Against
EASTERLY INVESTMENT PARTNERS LLC1,145,4520 00For
PRINCIPAL GLOBAL INVESTORS1,114,7700 00For
JPMorgan01,081,189 00Against
Vanguard1,066,1880 00For
Connor, Clark & Lunn Investment Management Ltd.1,021,1000 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC993,4630 00For
South Dakota Investment Council945,5490 00For

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.

12. 3. Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting…

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 356,690,759AGAINST: 15,768,744
Details: description as filed, official tally, votes by 88 asset managers

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.

FOR
FOR: 118,267,838AGAINST: 3,490ABSTAIN: 106,024
Largest asset managers voting on “RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ” at CLEVELAND-CLIFFS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard48,056,9301,154 00For
BlackRock18,981,5360 00For
Dimensional10,477,5950 00For
Fidelity6,895,5650 00For
American Century4,387,7480 00For
Charles Schwab4,207,3930 00For
Global X3,101,1820 00For
State Street2,987,037304 00For
DWS1,716,4470 00For
NORTHERN LIGHTS FUND TRUST II1,282,2010 00For
TIAA1,260,4650 00For
SEI1,246,4370 00For
Neuberger Berman1,168,4600 00For
First Trust1,128,1500 00For
Jackson National675,6330 00For
Principal613,2730 00For
Equitable578,3690 00For
JPMorgan575,0340 00For
AIG/SunAmerica571,1940 00For
Victory Capital563,3490 00For
John Hancock504,0120 00For
Columbia Threadneedle472,5770 00For
Voya406,1460 00For
New York Life384,1030 00For
BNY Mellon342,1850 00For

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.

Largest CLEVELAND-CLIFFS INC. shareholders voting in 2024-2025

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.

Fund voting reports: top CLEVELAND-CLIFFS INC. shareholders by shares voted on “Approval, on an advisory basis, of Cleveland- Cliffs Inc.'s named executive officers'…”, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 9.72%
2BlackRock 3.84%
3Dimensional 2.12%
4Fidelity 1.39%
5American Century 0.89%
6Charles Schwab 0.85%
7Global X 0.63%
8State Street 0.60%
9DWS 0.35%
10NORTHERN LIGHTS FUND TRUST II 0.26%
Institutional-manager reports: top CLEVELAND-CLIFFS INC. shareholders by shares voted on “Approval, on an advisory basis, of Cleveland- Cliffs Inc.'s named executive officers'…”, 2024-2025
#Asset manager % of shares outstanding
1BlackRock 2.79%
2State Street 1.82%
3GEODE CAPITAL MANAGEMENT, LLC 1.35%
4American Century 0.92%
5Charles Schwab 0.88%
6BANK OF AMERICA NA 0.82%
7Slate Path Capital LP 0.71%
8Neuberger Berman 0.62%
9Stonegate Investment Group, LLC 0.54%
10Northern Trust 0.44%

Reported CLEVELAND-CLIFFS INC. holdings and ownership

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.

CLEVELAND-CLIFFS INC. holdings and ownership disclosed for the 2024-2025 proxy season
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.

About this page

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.