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DOUGLAS DYNAMICS INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and DOUGLAS DYNAMICS INC.’s Form 8-K, filed May 2, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.

5Ballot items
205Asset managers
1,201Fund votes
April 29, 2025Meeting date

Results at a glance

Meeting of April 29, 2025: 5 items on DOUGLAS DYNAMICS INC.’s Form 8-K, filed May 2, 2025: 5 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 DOUGLAS DYNAMICS INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by DOUGLAS DYNAMICS INC.

These tallies are DOUGLAS DYNAMICS INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 2, 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.

DOUGLAS DYNAMICS INC. — official shareholder meeting results, meeting held April 29, 2025
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Margaret S. Dano	17,821,125	--	--	2,591,131	1,243,421	87%	Not verified	—
Elect Director: Donald W. Sturdivant	18,952,674	--	--	1,459,582	1,243,421	93%	Not verified	—
Elect Director: Mark Van Genderen	20,091,976	--	--	320,280	1,243,421	98%	Not verified	—
Advisory Vote on Approval of the Compensation of the Company ' s Named Executive Officers	19,354,476	863,482	194,297	--	1,243,421	96%	Not verified	—
Ratification of the Appointment of Deloitte & Touche LLP as the Company ' s Independent Registered Public Accounting Firm for 2025	21,523,504	118,277	13,896	--	--	99.4%	Not verified	—

Source: DOUGLAS DYNAMICS INC., Form 8-K, filed with the SEC on May 2, 2025 — read the filing on EDGAR.

How asset managers voted at the DOUGLAS DYNAMICS INC. 2024-2025 meeting

Each item below shows how the 205 asset managers that disclosed a DOUGLAS DYNAMICS 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: Donald W. Sturdivant

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 2 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%

FOR: 18,952,674WITHHELD: 1,459,582

Details: description as filed, official tally, votes by 70 asset managers

Description as filed by funds: Election of Directors: Donald W. Sturdivant

DOUGLAS DYNAMICS INC.’s own tally for this item (“Elect Director: Donald W. Sturdivant”): 18,952,674 for, 1,459,582 withheld, per its Form 8-K filed May 2, 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: 93% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 70 asset managers below reported 8,627,257 for, 625,698 withheld, 3,106 abstained.

FOR

FOR: 8,627,257ABSTAIN: 3,106WITHHOLD: 625,698

Largest asset managers voting on “Election of Directors: Donald W. Sturdivant” at DOUGLAS DYNAMICS INC., 2024-2025
Asset manager	For	Abstain	Withheld	Vote
Allspring	1,974,821	0	0	For
Vanguard	1,227,255	0	0	For
BlackRock	910,628	0	0	For
Dimensional	827,392	0	0	For
T. Rowe Price	10,167	0	575,642	Withhold
Fidelity	472,108	0	0	For
Harbor Funds II	355,801	0	0	For
ProShares	308,132	0	0	For
Charles Schwab	221,300	0	0	For
WisdomTree	216,945	0	0	For
NORTHERN LIGHTS FUND TRUST II	207,252	0	0	For
Brighthouse	176,593	0	1,514	For
Putnam	150,600	0	0	For
TIAA	126,681	0	0	For
HOTCHKIS & WILEY FUNDS /DE/	100,500	0	0	For
DIAMOND HILL FUNDS	97,927	0	0	For
UNIFIED SERIES TRUST	94,200	3,106	0	For
CLEARWATER INVESTMENT TRUST	91,594	0	0	For
AIG/SunAmerica	89,669	0	0	For
First Trust	72,083	0	0	For
Managed Portfolio Series	67,500	0	0	For
ADVISORS SERIES TRUST	63,003	0	0	For
Columbia Threadneedle	62,374	0	0	For
Principal	62,000	0	0	For
Keeley Funds, Inc.	60,745	0	0	For

Showing the 25 largest of 70 asset managers. See all 70 in the interactive database.

2. Elect Director: Margaret S. Dano

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 2 wordings of this item as funds reported it.

87% Majority: yes · of votes cast

FOR 87%

FOR: 17,821,125WITHHELD: 2,591,131

Details: description as filed, official tally, votes by 70 asset managers

Description as filed by funds: Election of Directors: Margaret S. Dano

DOUGLAS DYNAMICS INC.’s own tally for this item (“Elect Director: Margaret S. Dano”): 17,821,125 for, 2,591,131 withheld, per its Form 8-K filed May 2, 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: 87% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 70 asset managers below reported 8,152,863 for, 1,100,092 withheld, 3,106 abstained.

FOR

FOR: 8,152,863ABSTAIN: 3,106WITHHOLD: 1,100,092

Largest asset managers voting on “Election of Directors: Margaret S. Dano” at DOUGLAS DYNAMICS INC., 2024-2025
Asset manager	For	Abstain	Withheld	Vote
Allspring	1,974,821	0	0	For
Vanguard	1,227,255	0	0	For
BlackRock	910,628	0	0	For
Dimensional	827,392	0	0	For
T. Rowe Price	10,167	0	575,642	Withhold
Fidelity	472,108	0	0	For
Harbor Funds II	355,801	0	0	For
ProShares	308,132	0	0	For
Charles Schwab	221,300	0	0	For
WisdomTree	216,945	0	0	For
NORTHERN LIGHTS FUND TRUST II	0	0	207,252	Withhold
Brighthouse	176,593	0	1,514	For
Putnam	150,600	0	0	For
TIAA	0	0	126,681	Withhold
HOTCHKIS & WILEY FUNDS /DE/	100,500	0	0	For
DIAMOND HILL FUNDS	97,927	0	0	For
UNIFIED SERIES TRUST	94,200	3,106	0	For
CLEARWATER INVESTMENT TRUST	91,594	0	0	For
AIG/SunAmerica	89,669	0	0	For
First Trust	72,083	0	0	For
Managed Portfolio Series	67,500	0	0	For
ADVISORS SERIES TRUST	63,003	0	0	For
Columbia Threadneedle	62,374	0	0	For
Principal	62,000	0	0	For
Keeley Funds, Inc.	60,745	0	0	For

Showing the 25 largest of 70 asset managers. See all 70 in the interactive database.

3. Elect Director: Mark Van Genderen

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 2 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 20,091,976WITHHELD: 320,280

Details: description as filed, official tally, votes by 70 asset managers

Description as filed by funds: Election of Directors: Mark Van Genderen

DOUGLAS DYNAMICS INC.’s own tally for this item (“Elect Director: Mark Van Genderen”): 20,091,976 for, 320,280 withheld, per its Form 8-K filed May 2, 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: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 70 asset managers below reported 9,251,440 for, 1,515 withheld, 3,106 abstained.

FOR

FOR: 9,251,440ABSTAIN: 3,106WITHHOLD: 1,515

Largest asset managers voting on “Election of Directors: Mark Van Genderen” at DOUGLAS DYNAMICS INC., 2024-2025
Asset manager	For	Abstain	Withheld	Vote
Allspring	1,974,821	0	0	For
Vanguard	1,227,255	0	0	For
BlackRock	910,628	0	0	For
Dimensional	827,392	0	0	For
T. Rowe Price	585,809	0	0	For
Fidelity	472,108	0	0	For
Harbor Funds II	355,801	0	0	For
ProShares	308,132	0	0	For
Charles Schwab	221,300	0	0	For
WisdomTree	216,945	0	0	For
NORTHERN LIGHTS FUND TRUST II	207,252	0	0	For
Brighthouse	176,593	0	1,514	For
Putnam	150,600	0	0	For
TIAA	126,681	0	0	For
HOTCHKIS & WILEY FUNDS /DE/	100,500	0	0	For
DIAMOND HILL FUNDS	97,927	0	0	For
UNIFIED SERIES TRUST	94,200	3,106	0	For
CLEARWATER INVESTMENT TRUST	91,594	0	0	For
AIG/SunAmerica	89,669	0	0	For
First Trust	72,083	0	0	For
Managed Portfolio Series	67,500	0	0	For
ADVISORS SERIES TRUST	63,003	0	0	For
Columbia Threadneedle	62,374	0	0	For
Principal	62,000	0	0	For
Keeley Funds, Inc.	60,745	0	0	For

Showing the 25 largest of 70 asset managers. See all 70 in the interactive database.

4. Advisory Vote on Approval of the Compensation of the Company ' s Named Executive Officers

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

Combines 7 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 19,354,476AGAINST: 863,482

Details: description as filed, official tally, votes by 205 asset managers

Description as filed by funds: Advisory vote (non-binding) to approve the compensation of the Company's named executive officers.

DOUGLAS DYNAMICS INC.’s own tally for this item (“Advisory Vote on Approval of the Compensation of the Company ' s Named Executive Officers”): 19,354,476 for, 863,482 against, per its Form 8-K filed May 2, 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.

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: 69 asset managers voting on “Advisory vote (non-binding) to approve the compensation of the Company's named executive officers.” at DOUGLAS DYNAMICS INC., 2024-2025
Asset manager	For	Abstain	Vote
Allspring	1,974,821	0	For
Vanguard	1,227,255	0	For
BlackRock	910,628	0	For
Dimensional	827,392	0	For
T. Rowe Price	585,809	0	For
Fidelity	472,108	0	For
Harbor Funds II	355,801	0	For
ProShares	308,132	0	For
Charles Schwab	221,300	0	For
WisdomTree	216,945	0	For
NORTHERN LIGHTS FUND TRUST II	207,252	0	For
Brighthouse	176,593	1,514	For
Putnam	150,600	0	For
TIAA	126,681	0	For
HOTCHKIS & WILEY FUNDS /DE/	100,500	0	For
DIAMOND HILL FUNDS	97,927	0	For
UNIFIED SERIES TRUST	97,306	0	For
CLEARWATER INVESTMENT TRUST	91,594	0	For
AIG/SunAmerica	89,669	0	For
First Trust	72,083	0	For
Managed Portfolio Series	67,500	0	For
ADVISORS SERIES TRUST	63,003	0	For
Columbia Threadneedle	62,374	0	For
Principal	62,000	0	For
Keeley Funds, Inc.	60,745	0	For

Fund voting reports, all 69 managers: 9,198,693 for, 55,554 against, 1,514 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 159 asset managers voting on “Advisory vote (non-binding) to approve the compensation of the Company's named executive officers.” at DOUGLAS DYNAMICS INC., 2024-2025
Asset manager	For	Against	Vote
Allspring	2,329,476	0	For
PZENA INVESTMENT MANAGEMENT LLC	1,660,337	0	For
T. Rowe Price	925,195	0	For
BlackRock	755,702	7,684	For
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.	608,033	0	For
Ararat Capital Management LP	606,031	0	For
DF DENT & CO INC	0	537,609	Against
GEODE CAPITAL MANAGEMENT, LLC	523,702	0	For
State Street	493,450	1	For
SILVERCREST ASSET MANAGEMENT GROUP LLC	470,187	0	For
Invenomic Capital Management LP	404,444	0	For
APG Asset Management US Inc.	341,620	0	For
JPMorgan	329,220	0	For
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	318,160	0	For
Two Sigma	241,937	0	For
Charles Schwab	221,384	0	For
Northern Trust	185,687	0	For
BANK OF AMERICA NA	169,834	0	For
SYSTEMATIC FINANCIAL MANAGEMENT LP	162,765	0	For
TEACHER RETIREMENT SYSTEM OF TEXAS	160,431	0	For
Putnam	150,645	0	For
Nuveen	127,260	0	For
Ranger Investment Management, L.P.	112,245	0	For
MELLON INVESTMENTS Corp	106,664	0	For
Dimensional	95,982	0	For

Institutional-manager reports, all 159 managers: 12,917,639 for, 783,951 against, 25,347 abstained, 3,397 not voted. Showing the 25 largest; see all in the interactive database.

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

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

Combines 2 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%

FOR: 21,523,504AGAINST: 118,277

Details: description as filed, official tally, votes by 70 asset managers

Description as filed by funds: THE RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP TO SERVE AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2025.

DOUGLAS DYNAMICS INC.’s own tally for this item (“Ratification of the Appointment of Deloitte & Touche LLP as the Company ' s Independent Registered Public Accounting Firm for 2025”): 21,523,504 for, 118,277 against, per its Form 8-K filed May 2, 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: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 70 asset managers below reported 9,254,546 for, 1 against, 1,514 abstained.

FOR

FOR: 9,254,546AGAINST: 1ABSTAIN: 1,514

Largest asset managers voting on “THE RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP TO SERVE AS THE COMPANY'S INDEPENDENT REGISTERED ” at DOUGLAS DYNAMICS INC., 2024-2025
Asset manager	For	Abstain	Vote
Allspring	1,974,821	0	For
Vanguard	1,227,255	0	For
BlackRock	910,628	0	For
Dimensional	827,392	0	For
T. Rowe Price	585,809	0	For
Fidelity	472,108	0	For
Harbor Funds II	355,801	0	For
ProShares	308,132	0	For
Charles Schwab	221,300	0	For
WisdomTree	216,945	0	For
NORTHERN LIGHTS FUND TRUST II	207,252	0	For
Brighthouse	176,593	1,514	For
Putnam	150,600	0	For
TIAA	126,681	0	For
HOTCHKIS & WILEY FUNDS /DE/	100,500	0	For
DIAMOND HILL FUNDS	97,927	0	For
UNIFIED SERIES TRUST	97,306	0	For
CLEARWATER INVESTMENT TRUST	91,594	0	For
AIG/SunAmerica	89,669	0	For
First Trust	72,083	0	For
Managed Portfolio Series	67,500	0	For
ADVISORS SERIES TRUST	63,003	0	For
Columbia Threadneedle	62,374	0	For
Principal	62,000	0	For
Keeley Funds, Inc.	60,745	0	For

Showing the 25 largest of 70 asset managers. See all 70 in the interactive database.

Largest DOUGLAS DYNAMICS 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 23,209,426 shares outstanding at the time of that meeting.

Fund voting reports: top DOUGLAS DYNAMICS INC. shareholders by shares voted on “Advisory vote (non-binding) to approve the compensation of the Company's named executive…”, 2024-2025
#	Asset manager	% of shares outstanding
1	Allspring	8.51%
2	Vanguard	5.29%
3	BlackRock	3.92%
4	Dimensional	3.56%
5	T. Rowe Price	2.52%
6	Fidelity	2.03%
7	Harbor Funds II	1.53%
8	ProShares	1.33%
9	Charles Schwab	0.95%
10	WisdomTree	0.93%

Institutional-manager reports: top DOUGLAS DYNAMICS INC. shareholders by shares voted on “Advisory vote (non-binding) to approve the compensation of the Company's named executive…”, 2024-2025
#	Asset manager	% of shares outstanding
1	Allspring	10.04%
2	PZENA INVESTMENT MANAGEMENT LLC	7.15%
3	T. Rowe Price	3.99%
4	BlackRock	3.29%
5	PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.	2.62%
6	Ararat Capital Management LP	2.61%
7	DF DENT & CO INC	2.32%
8	GEODE CAPITAL MANAGEMENT, LLC	2.26%
9	State Street	2.13%
10	SILVERCREST ASSET MANAGEMENT GROUP LLC	2.03%

Reported DOUGLAS DYNAMICS 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.

DOUGLAS DYNAMICS INC. holdings and ownership disclosed for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
Conestoga Capital Advisors LLC	10.08%	DEF14A
Allspring Global Investments Holdings, LLC	8.87%	13G
BlackRock, Inc.	7.05%	DEF14A
PZENA INVESTMENT MANAGEMENT LLC	6.86%	13G
The Vanguard Group	5.83%	DEF14A
Goldman Sachs	2.62%	13F
State Street	2.39%	13F
JPMorgan Chase	1.40%	13F
BNY Mellon	1.22%	13F
Charles Schwab	0.98%	13F

Percentages above are of 23,209,426 shares outstanding, as reported by DOUGLAS DYNAMICS 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 DOUGLAS DYNAMICS INC.’s 10-Q dated March 31, 2025. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At DOUGLAS DYNAMICS INC.'s shareholder meeting held April 29, 2025, in the 2024-2025 proxy season, 205 asset managers reported how they voted on 5 ballot items in their SEC Form N-PX filings, covering 1,201 separate fund positions. On the most widely held item on that ballot — Advisory vote (non-binding) to approve the compensation of the Company's named executive… — FOR was 96% 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: DOUGLAS DYNAMICS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 2, 2025.

DOUGLAS DYNAMICS INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.