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FORTINET INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and FORTINET INC.’s Form 8-K, filed June 18, 2025 (Item 5.07 on EDGAR). Page generated October 14, 2026.

12Ballot items
962Asset managers
11,899Fund votes
June 13, 2025Meeting date

Results at a glance

Meeting of June 13, 2025: 12 items on FORTINET INC.’s Form 8-K, filed June 18, 2025: 1 approved · 1 not approved · 10 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 FORTINET INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by FORTINET INC.

These tallies are FORTINET INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed June 18, 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.

FORTINET INC. — official shareholder meeting results, meeting held June 13, 2025
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Ken Xie	547,398,733	37,943,864	0	--	80,287,187	94%	Not verified	—
Elect Director: Michael Xie	578,695,623	6,646,974	0	--	80,287,187	99%	Not verified	—
Elect Director: Kenneth A. Goldman	575,785,977	9,556,620	0	--	80,287,187	98%	Not verified	—
Elect Director: Ming Hsieh	563,913,659	21,428,938	0	--	80,287,187	96%	Not verified	—
Elect Director: Jean Hu	584,338,096	1,004,501	0	--	80,287,187	99.8%	Not verified	—
Elect Director: Janet Napolitano	583,669,109	1,673,488	0	--	80,287,187	99.7%	Not verified	—
Elect Director: William Neukom	529,552,302	55,790,295	0	--	80,287,187	90%	Not verified	—
Elect Director: Judith Sim	561,206,297	24,136,300	0	--	80,287,187	96%	Not verified	—
Elect Director: Admiral James Stavridis (Ret)	545,178,682	40,163,915	0	--	80,287,187	93%	Not verified	—
Proposal 2: Ratification of Appointment of Independent Registered Accounting Firm Fortinet's stockholders ratified the appointment of Deloitte & Touche LLP as Fortinet's independent registered accounting firm for the fiscal year ending December 31, 2025 by the	617,257,742	46,421,264	1,950,778	--	--	93%	Approved	—
3. Advisory Vote on Named Executive Officer Compensation Fortinet's stockholders cast their votes with respect to the advisory vote on Fortinet's named executive officer compensation	508,754,346	71,888,380	4,699,871	--	80,287,187	88%	Not verified	—
Proposal 4: Stockholder Proposal Fortinet's stockholders did not approve the stockholder proposal to amend Fortinet's governing documents to require that two separate individuals hold the office of Chairman of the Board of Directors and the office of the Chief	244,215,122	339,132,773	1,994,702	--	80,287,187	42%	Not approved	—

Source: FORTINET INC., Form 8-K, filed with the SEC on June 18, 2025 — read the filing on EDGAR.

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

Each item below shows how the 962 asset managers that disclosed a FORTINET 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: Ken Xie

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 7 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 547,398,733AGAINST: 37,943,864

Details: description as filed, official tally, votes by 169 asset managers

Description as filed by funds: To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until their respective successors have been duly elected and qualified: Ken Xie

FORTINET INC.’s own tally for this item (“Elect Director: Ken Xie”): 547,398,733 for, 37,943,864 against, per its Form 8-K filed June 18, 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: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 169 asset managers below reported 157,834,520 for, 229,815 against, 1,841 abstained.

FOR

FOR: 157,834,520AGAINST: 229,815ABSTAIN: 1,841

Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	70,371,062	9	For
Fidelity	20,565,833	0	For
BlackRock	13,572,606	0	For
State Street	7,143,340	54	For
T. Rowe Price	4,681,663	0	For
Invesco	4,633,974	0	For
First Trust	4,299,251	0	For
Charles Schwab	4,096,751	0	For
Federated Hermes	1,716,017	0	For
OLD WESTBURY FUNDS INC	1,601,855	0	For
TIAA	1,514,286	0	For
Global X	1,456,675	0	For
Jackson National	1,321,497	0	For
ProShares	1,269,758	0	For
Thrivent	1,225,443	0	For
MASTER INVESTMENT PORTFOLIO	1,049,264	0	For
Amplify ETF Trust	1,002,751	0	For
Victory Capital	886,407	0	For
Franklin Custodian Funds	850,000	0	For
Legg Mason	822,431	0	For
American Century	797,967	0	For
Equitable	688,622	0	For
Columbia Threadneedle	681,830	0	For
AQR	587,175	0	For
Six Circles Trust	555,547	0	For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

2. Elect Director: Michael Xie

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 7 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 578,695,623AGAINST: 6,646,974

Details: description as filed, official tally, votes by 169 asset managers

FORTINET INC.’s own tally for this item (“Elect Director: Michael Xie”): 578,695,623 for, 6,646,974 against, per its Form 8-K filed June 18, 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% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 169 asset managers below reported 157,897,417 for, 166,918 against, 1,841 abstained.

FOR

FOR: 157,897,417AGAINST: 166,918ABSTAIN: 1,841

Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	70,371,069	2	For
Fidelity	20,565,833	0	For
BlackRock	13,572,606	0	For
State Street	7,143,340	54	For
T. Rowe Price	4,681,663	0	For
Invesco	4,633,974	0	For
First Trust	4,299,251	0	For
Charles Schwab	4,096,751	0	For
Federated Hermes	1,716,017	0	For
OLD WESTBURY FUNDS INC	1,601,855	0	For
TIAA	1,514,286	0	For
Global X	1,456,675	0	For
Jackson National	1,321,497	0	For
ProShares	1,269,758	0	For
Thrivent	1,225,443	0	For
MASTER INVESTMENT PORTFOLIO	1,049,264	0	For
Amplify ETF Trust	1,002,751	0	For
Victory Capital	886,407	0	For
Franklin Custodian Funds	850,000	0	For
Legg Mason	822,431	0	For
American Century	797,967	0	For
Equitable	688,622	0	For
Columbia Threadneedle	681,830	0	For
AQR	587,175	0	For
Six Circles Trust	555,547	0	For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

3. Elect Director: Kenneth A. Goldman

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 9 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 575,785,977AGAINST: 9,556,620

Details: description as filed, official tally, votes by 169 asset managers

FORTINET INC.’s own tally for this item (“Elect Director: Kenneth A. Goldman”): 575,785,977 for, 9,556,620 against, per its Form 8-K filed June 18, 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 + AGAINST); abstentions and broker non-votes are excluded.

The 169 asset managers below reported 157,843,860 for, 220,475 against, 1,841 abstained.

FOR

FOR: 157,843,860AGAINST: 220,475ABSTAIN: 1,841

Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	70,371,069	2	For
Fidelity	20,565,833	0	For
BlackRock	13,572,606	0	For
State Street	7,143,394	0	For
T. Rowe Price	4,681,663	0	For
Invesco	4,633,974	0	For
First Trust	4,299,251	0	For
Charles Schwab	4,096,751	0	For
Federated Hermes	1,716,017	0	For
OLD WESTBURY FUNDS INC	1,601,855	0	For
TIAA	1,514,286	0	For
Global X	1,456,675	0	For
Jackson National	1,321,497	0	For
ProShares	1,269,758	0	For
Thrivent	1,225,443	0	For
MASTER INVESTMENT PORTFOLIO	1,049,264	0	For
Amplify ETF Trust	1,002,751	0	For
Victory Capital	886,407	0	For
Franklin Custodian Funds	850,000	0	For
Legg Mason	822,431	0	For
American Century	797,967	0	For
Equitable	688,622	0	For
Columbia Threadneedle	681,830	0	For
AQR	587,175	0	For
Six Circles Trust	555,547	0	For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

4. Elect Director: Ming Hsieh

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 8 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 563,913,659AGAINST: 21,428,938

Details: description as filed, official tally, votes by 169 asset managers

FORTINET INC.’s own tally for this item (“Elect Director: Ming Hsieh”): 563,913,659 for, 21,428,938 against, per its Form 8-K filed June 18, 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.

The 169 asset managers below reported 157,656,419 for, 407,916 against, 1,841 abstained.

FOR

FOR: 157,656,419AGAINST: 407,916ABSTAIN: 1,841

Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	70,371,066	5	For
Fidelity	20,565,833	0	For
BlackRock	13,572,606	0	For
State Street	7,143,279	115	For
T. Rowe Price	4,681,663	0	For
Invesco	4,633,974	0	For
First Trust	4,299,251	0	For
Charles Schwab	4,096,751	0	For
Federated Hermes	1,716,017	0	For
OLD WESTBURY FUNDS INC	1,601,855	0	For
TIAA	1,514,286	0	For
Global X	1,456,675	0	For
Jackson National	1,321,497	0	For
ProShares	1,269,758	0	For
Thrivent	1,225,443	0	For
MASTER INVESTMENT PORTFOLIO	1,049,264	0	For
Amplify ETF Trust	1,002,751	0	For
Victory Capital	886,407	0	For
Franklin Custodian Funds	850,000	0	For
Legg Mason	822,431	0	For
American Century	797,967	0	For
Equitable	688,622	0	For
Columbia Threadneedle	681,830	0	For
AQR	587,175	0	For
Six Circles Trust	555,547	0	For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

5. Elect Director: Jean Hu

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 7 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 584,338,096AGAINST: 1,004,501

Details: description as filed, official tally, votes by 169 asset managers

FORTINET INC.’s own tally for this item (“Elect Director: Jean Hu”): 584,338,096 for, 1,004,501 against, per its Form 8-K filed June 18, 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: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 169 asset managers below reported 157,878,162 for, 186,173 against, 1,841 abstained.

FOR

FOR: 157,878,162AGAINST: 186,173ABSTAIN: 1,841

Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset manager	For	Vote
Vanguard	70,371,071	For
Fidelity	20,565,833	For
BlackRock	13,572,606	For
State Street	7,143,394	For
T. Rowe Price	4,681,663	For
Invesco	4,633,974	For
First Trust	4,299,251	For
Charles Schwab	4,096,751	For
Federated Hermes	1,716,017	For
OLD WESTBURY FUNDS INC	1,601,855	For
TIAA	1,514,286	For
Global X	1,456,675	For
Jackson National	1,321,497	For
ProShares	1,269,758	For
Thrivent	1,225,443	For
MASTER INVESTMENT PORTFOLIO	1,049,264	For
Amplify ETF Trust	1,002,751	For
Victory Capital	886,407	For
Franklin Custodian Funds	850,000	For
Legg Mason	822,431	For
American Century	797,967	For
Equitable	688,622	For
Columbia Threadneedle	681,830	For
AQR	587,175	For
Six Circles Trust	555,547	For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

6. Elect Director: Janet Napolitano

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 7 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%

FOR: 583,669,109AGAINST: 1,673,488

Details: description as filed, official tally, votes by 169 asset managers

FORTINET INC.’s own tally for this item (“Elect Director: Janet Napolitano”): 583,669,109 for, 1,673,488 against, per its Form 8-K filed June 18, 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: 99.7% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 169 asset managers below reported 157,880,294 for, 184,040 against, 1,841 abstained.

FOR

FOR: 157,880,294AGAINST: 184,040ABSTAIN: 1,841

Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset manager	For	Vote
Vanguard	70,371,071	For
Fidelity	20,565,833	For
BlackRock	13,572,606	For
State Street	7,143,394	For
T. Rowe Price	4,681,663	For
Invesco	4,633,974	For
First Trust	4,299,251	For
Charles Schwab	4,096,751	For
Federated Hermes	1,716,017	For
OLD WESTBURY FUNDS INC	1,601,855	For
TIAA	1,514,286	For
Global X	1,456,675	For
Jackson National	1,321,497	For
ProShares	1,269,758	For
Thrivent	1,225,443	For
MASTER INVESTMENT PORTFOLIO	1,049,264	For
Amplify ETF Trust	1,002,751	For
Victory Capital	886,407	For
Franklin Custodian Funds	850,000	For
Legg Mason	822,431	For
American Century	797,967	For
Equitable	688,622	For
Columbia Threadneedle	681,830	For
AQR	587,175	For
Six Circles Trust	555,547	For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

7. Elect Director: William Neukom

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 8 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%

FOR: 529,552,302AGAINST: 55,790,295

Details: description as filed, official tally, votes by 169 asset managers

FORTINET INC.’s own tally for this item (“Elect Director: William Neukom”): 529,552,302 for, 55,790,295 against, per its Form 8-K filed June 18, 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: 90% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 169 asset managers below reported 149,127,678 for, 8,931,007 against, 1,841 abstained.

FOR

FOR: 149,127,678AGAINST: 8,931,007ABSTAIN: 1,841

Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	70,371,059	12	For
Fidelity	20,565,833	0	For
BlackRock	13,572,606	0	For
State Street	12,891	7,130,503	Against
T. Rowe Price	4,681,663	0	For
Invesco	4,633,974	0	For
First Trust	4,299,251	0	For
Charles Schwab	4,096,751	0	For
Federated Hermes	1,716,017	0	For
OLD WESTBURY FUNDS INC	1,601,855	0	For
TIAA	1,514,286	0	For
Global X	1,456,675	0	For
Jackson National	1,321,497	0	For
ProShares	1,269,758	0	For
Thrivent	1,225,443	0	For
MASTER INVESTMENT PORTFOLIO	1,049,264	0	For
Amplify ETF Trust	0	1,002,751	Against
Victory Capital	886,407	0	For
Franklin Custodian Funds	850,000	0	For
Legg Mason	822,431	0	For
American Century	797,967	0	For
Equitable	688,622	0	For
Columbia Threadneedle	681,830	0	For
AQR	587,175	0	For
Six Circles Trust	555,547	0	For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

8. Elect Director: Judith Sim

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 7 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 561,206,297AGAINST: 24,136,300

Details: description as filed, official tally, votes by 169 asset managers

FORTINET INC.’s own tally for this item (“Elect Director: Judith Sim”): 561,206,297 for, 24,136,300 against, per its Form 8-K filed June 18, 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.

The 169 asset managers below reported 157,849,108 for, 215,227 against, 1,841 abstained.

FOR

FOR: 157,849,108AGAINST: 215,227ABSTAIN: 1,841

Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	70,371,065	6	For
Fidelity	20,565,833	0	For
BlackRock	13,572,606	0	For
State Street	7,143,394	0	For
T. Rowe Price	4,681,663	0	For
Invesco	4,633,974	0	For
First Trust	4,299,251	0	For
Charles Schwab	4,096,751	0	For
Federated Hermes	1,716,017	0	For
OLD WESTBURY FUNDS INC	1,601,855	0	For
TIAA	1,514,286	0	For
Global X	1,456,675	0	For
Jackson National	1,321,497	0	For
ProShares	1,269,758	0	For
Thrivent	1,225,443	0	For
MASTER INVESTMENT PORTFOLIO	1,049,264	0	For
Amplify ETF Trust	1,002,751	0	For
Victory Capital	886,407	0	For
Franklin Custodian Funds	850,000	0	For
Legg Mason	822,431	0	For
American Century	797,967	0	For
Equitable	688,622	0	For
Columbia Threadneedle	681,830	0	For
AQR	587,175	0	For
Six Circles Trust	555,547	0	For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

9. Elect Director: Admiral James Stavridis (Ret)

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 9 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%

FOR: 545,178,682AGAINST: 40,163,915

Details: description as filed, official tally, votes by 169 asset managers

FORTINET INC.’s own tally for this item (“Elect Director: Admiral James Stavridis (Ret)”): 545,178,682 for, 40,163,915 against, per its Form 8-K filed June 18, 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 + AGAINST); abstentions and broker non-votes are excluded.

The 169 asset managers below reported 153,479,211 for, 4,585,124 against, 1,841 abstained.

FOR

FOR: 153,479,211AGAINST: 4,585,124ABSTAIN: 1,841

Largest asset managers voting on “To elect nine directors to serve for a term of one year until the next annual meeting of stockholders or until” at FORTINET INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	69,738,682	632,389	For
Fidelity	20,565,833	0	For
BlackRock	13,028,354	544,252	For
State Street	7,143,394	0	For
T. Rowe Price	4,681,663	0	For
Invesco	4,633,974	0	For
First Trust	4,299,251	0	For
Charles Schwab	4,096,751	0	For
Federated Hermes	1,716,017	0	For
OLD WESTBURY FUNDS INC	1,601,855	0	For
TIAA	1,514,286	0	For
Global X	0	1,456,675	Against
Jackson National	1,321,497	0	For
ProShares	1,269,758	0	For
Thrivent	1,225,443	0	For
MASTER INVESTMENT PORTFOLIO	1,024,030	25,234	For
Amplify ETF Trust	1,002,751	0	For
Victory Capital	886,407	0	For
Franklin Custodian Funds	0	850,000	Against
Legg Mason	822,431	0	For
American Century	797,967	0	For
Equitable	688,622	0	For
Columbia Threadneedle	681,830	0	For
AQR	587,175	0	For
Six Circles Trust	555,547	0	For

Showing the 25 largest of 169 asset managers. See all 169 in the interactive database.

10. 3. Advisory Vote on Named Executive Officer Compensation Fortinet's stockholders cast their votes with respect to the…

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

Combines 18 wordings of this item as funds reported it.

88% Majority: yes · of votes cast

FOR 88%

FOR: 508,754,346AGAINST: 71,888,380

Details: description as filed, official tally, votes by 954 asset managers

Description as filed by funds: Advisory vote to approve named executive officer compensation, as disclosed in the Proxy Statement.

FORTINET INC.’s own tally for this item (“3. Advisory Vote on Named Executive Officer Compensation Fortinet's stockholders cast their votes with respect to the advisory vote on Fortinet's named executive officer compensation”): 508,754,346 for, 71,888,380 against, per its Form 8-K filed June 18, 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: 88% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of FORTINET INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Advisory vote to approve named executive officer H, as disclosed in the Proxy Statement.” (3 managers, 92,480 for); “SECTION 14A SAY-ON-PAY VOTES” (2 managers, 1,897 for).

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: 164 asset managers voting on “Advisory vote to approve named executive officer compensation, as disclosed in the Proxy Statement.” at FORTINET INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	70,371,055	15	1	For
Fidelity	20,565,833	0	0	For
BlackRock	13,560,694	11,911	0	For
State Street	7,142,676	718	0	For
T. Rowe Price	4,681,663	0	0	For
Invesco	4,633,974	0	0	For
First Trust	4,299,251	0	0	For
Charles Schwab	4,096,751	0	0	For
Federated Hermes	1,716,017	0	0	For
OLD WESTBURY FUNDS INC	1,601,855	0	0	For
TIAA	1,514,286	0	0	For
Global X	1,456,675	0	0	For
Jackson National	1,321,497	0	0	For
ProShares	1,269,758	0	0	For
Thrivent	0	0	1,225,443	Abstain
MASTER INVESTMENT PORTFOLIO	1,049,264	0	0	For
Amplify ETF Trust	1,002,751	0	0	For
Victory Capital	886,407	0	0	For
Franklin Custodian Funds	850,000	0	0	For
Legg Mason	822,431	0	0	For
American Century	0	797,967	0	Against
Equitable	688,622	0	0	For
Columbia Threadneedle	681,830	0	0	For
AQR	587,175	0	0	For
Six Circles Trust	555,547	0	0	For

Fund voting reports, all 164 managers: 155,089,373 for, 1,187,981 against, 1,394,148 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 826 asset managers voting on “Advisory vote to approve named executive officer compensation, as disclosed in the Proxy Statement.” at FORTINET INC., 2024-2025
Asset manager	For	Against	Vote
BlackRock	24,825,038	423,898	For
State Street	17,445,339	87,143	For
GEODE CAPITAL MANAGEMENT, LLC	16,102,114	0	For
FUNDSMITH INVESTMENT SERVICES LTD.	0	11,010,451	Against
T. Rowe Price	8,499,573	0	For
Legal & General Investment Management Ltd	65,208	8,227,018	Against
Walter Scott & Partners Ltd	7,536,803	0	For
Invesco	7,402,905	0	For
Fidelity	7,171,386	0	For
NORDEA INVESTMENT MANAGEMENT AB	22,852	6,204,233	Against
BESSEMER TRUST Co NATIONAL ASSOCIATION	5,418,258	0	For
Amundi	0	5,370,041	Against
Northern Trust	5,181,864	25,872	For
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	4,432,788	207,747	For
Charles Schwab	4,184,174	0	For
SCHRODER INVESTMENT MANAGEMENT GROUP	0	4,140,127	Against
Vanguard	4,115,590	0	For
BESSEMER TRUST Co OF FLORIDA	3,734,615	0	For
Bessemer Trust CO of Delaware, N.A.	3,483,491	0	For
Swedbank Robur Fonder AB	0	3,310,361	Against
BESSEMER TRUST CO	3,295,960	0	For
MELLON INVESTMENTS Corp	3,254,238	0	For
BESSEMER INVESTMENT MANAGEMENT LLC	3,203,710	0	For
Bessemer Trust Co of California, N.A.	3,203,710	0	For
Bessemer Trust Co of Nevada, National Association	3,171,330	0	For

Institutional-manager reports, all 826 managers: 224,022,313 for, 59,877,826 against, 3,764,981 abstained, 31,142 not voted, 999 unknown. Showing the 25 largest; see all in the interactive database.

11. Proposal 2: Ratification of Appointment of Independent Registered Accounting Firm Fortinet's stockholders ratified the…

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 6 wordings of this item as funds reported it.

93% Approved · of votes cast

FOR 93%

FOR: 617,257,742AGAINST: 46,421,264

Details: description as filed, official tally, votes by 174 asset managers

Description as filed by funds: Ratify the appointment of Deloitte & Touche LLP as Fortinet's independent registered public accounting firm for the fiscal year ending December 31, 2025.

FORTINET INC.’s own tally for this item (“Proposal 2: Ratification of Appointment of Independent Registered Accounting Firm Fortinet's stockholders ratified the appointment of Deloitte & Touche LLP as Fortinet's independent registered accounting firm for the fis”): 617,257,742 for, 46,421,264 against — passed, per its Form 8-K filed June 18, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal Two - Ratification of Appointment of Independent Registered Accounting Firm Fortinet's stockholders ratified the appointment of Deloitte & Touche LLP as Fortinet's independent registered accounting firm for the fiscal year ending December 31, 2025 by the following votes:”
Support: 93% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 174 asset managers below reported 155,324,965 for, 1,360,792 against, 1,394,147 abstained.

FOR

FOR: 155,324,965AGAINST: 1,360,792ABSTAIN: 1,394,147

Largest asset managers voting on “Ratify the appointment of Deloitte & Touche LLP as Fortinet's independent registered public accounting firm fo” at FORTINET INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	70,361,824	9,246	0	For
Fidelity	20,565,833	0	0	For
BlackRock	13,572,606	0	0	For
State Street	7,143,279	115	0	For
T. Rowe Price	4,681,663	0	0	For
Invesco	4,633,974	0	0	For
First Trust	4,299,251	0	0	For
Charles Schwab	4,096,751	0	0	For
Federated Hermes	1,716,017	0	0	For
OLD WESTBURY FUNDS INC	1,601,855	0	0	For
TIAA	1,514,286	0	0	For
Global X	1,456,675	0	0	For
Jackson National	1,321,497	0	0	For
ProShares	1,269,758	0	0	For
Thrivent	0	0	1,225,443	Abstain
MASTER INVESTMENT PORTFOLIO	1,049,264	0	0	For
Amplify ETF Trust	0	1,002,751	0	Against
Victory Capital	886,407	0	0	For
Franklin Custodian Funds	850,000	0	0	For
Legg Mason	822,431	0	0	For
American Century	797,967	0	0	For
Equitable	688,622	0	0	For
Columbia Threadneedle	681,830	0	0	For
AQR	587,175	0	0	For
Six Circles Trust	555,547	0	0	For

Showing the 25 largest of 174 asset managers. See all 174 in the interactive database.

12. Proposal 4: Stockholder Proposal Fortinet's stockholders did not approve the stockholder proposal to amend Fortinet's…

Official resultCORPORATE GOVERNANCEReported outcome: Not approved

Combines 5 wordings of this item as funds reported it.

42% Not approved · of votes cast

FOR 42%AGAINST

FOR: 244,215,122AGAINST: 339,132,773

Details: description as filed, official tally, votes by 164 asset managers

Description as filed by funds: Stockholder proposal to amend Fortinet's governing documents to require that two separate individuals hold the office of the Chairman of the Board of Directors and the office of the Chief Executive Officer.

FORTINET INC.’s own tally for this item (“Proposal 4: Stockholder Proposal Fortinet's stockholders did not approve the stockholder proposal to amend Fortinet's governing documents to require that two separate individuals hold the office of Chairman of the Board ”): 244,215,122 for, 339,132,773 against — failed, per its Form 8-K filed June 18, 2025 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “Proposal Four – Stockholder Proposal Fortinet's stockholders did not approve the stockholder proposal to amend Fortinet's governing documents to require that two separate individuals hold the office of Chairman of the Board of Directors and the office of the Chief Executive Officer:”
Support: 42% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 164 asset managers below reported 29,686,134 for, 126,523,090 against, 1,394,147 abstained.

FORAGAINST

FOR: 29,686,134AGAINST: 126,523,090ABSTAIN: 1,394,147

Largest asset managers voting on “Stockholder proposal to amend Fortinet's governing documents to require that two separate individuals hold the” at FORTINET INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	1,102,937	69,268,134	0	Against
Fidelity	169,698	20,396,135	0	Against
BlackRock	560,754	13,011,851	0	Against
State Street	2,581	7,140,813	0	Against
T. Rowe Price	68,700	4,612,963	0	Against
Invesco	4,442,660	191,314	0	For
First Trust	4,299,251	0	0	For
Charles Schwab	0	4,096,751	0	Against
Federated Hermes	1,716,017	0	0	For
OLD WESTBURY FUNDS INC	1,601,855	0	0	For
TIAA	0	1,514,286	0	Against
Global X	1,456,675	0	0	For
Jackson National	939,312	382,185	0	Mixed
ProShares	1,269,758	0	0	For
Thrivent	0	0	1,225,443	Abstain
MASTER INVESTMENT PORTFOLIO	25,234	1,024,030	0	Against
Amplify ETF Trust	1,002,751	0	0	For
Victory Capital	886,407	0	0	For
Franklin Custodian Funds	850,000	0	0	For
Legg Mason	822,431	0	0	For
American Century	0	797,967	0	Against
Equitable	400,721	287,901	0	Mixed
Columbia Threadneedle	681,830	0	0	For
AQR	587,175	0	0	For
Six Circles Trust	0	555,547	0	Against

Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.

Not shown here: this season’s fund filings also report 1 item from the meeting of June 14, 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 FORTINET 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 769,200,000 shares outstanding at the time of that meeting.

Fund voting reports: top FORTINET INC. shareholders by shares voted on “Ratify the appointment of Deloitte & Touche LLP as Fortinet's independent registered public…”, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	9.15%
2	Fidelity	2.67%
3	BlackRock	1.76%
4	State Street	0.93%
5	T. Rowe Price	0.61%
6	Invesco	0.60%
7	First Trust	0.56%
8	Charles Schwab	0.53%
9	Federated Hermes	0.22%
10	OLD WESTBURY FUNDS INC	0.21%

Institutional-manager reports: top FORTINET INC. shareholders by shares voted on “Advisory vote to approve named executive officer compensation, as disclosed in the Proxy…”, 2024-2025
#	Asset manager	% of shares outstanding
1	BlackRock	3.28%
2	State Street	2.28%
3	GEODE CAPITAL MANAGEMENT, LLC	2.09%
4	FUNDSMITH INVESTMENT SERVICES LTD.	1.43%
5	T. Rowe Price	1.10%
6	Legal & General Investment Management Ltd	1.08%
7	Walter Scott & Partners Ltd	0.98%
8	Invesco	0.96%
9	Fidelity	0.93%
10	NORDEA INVESTMENT MANAGEMENT AB	0.81%

Reported FORTINET 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.

FORTINET INC. holdings and ownership disclosed for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
Ken Xie	9.62%	DEF14A
Vanguard Group	9.32%	13F
Michael Xie	9.06%	DEF14A
BlackRock	7.62%	13F
State Street	3.68%	13F
BNY Mellon	1.98%	13F
Morgan Stanley	1.28%	13F
Invesco	1.11%	13F
FMR (Fidelity)	1.02%	13F
T. Rowe Price	1.01%	13F

Percentages above are of 769,200,000 shares outstanding, as reported by FORTINET 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 FORTINET 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 FORTINET INC.'s shareholder meeting held June 13, 2025, in the 2024-2025 proxy season, 962 asset managers reported how they voted on 12 ballot items in their SEC Form N-PX filings, covering 11,899 separate fund positions. On the most widely held item on that ballot — Advisory vote to approve named executive officer compensation, as disclosed in the Proxy… — FOR was 88% 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: FORTINET INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on June 18, 2025.

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

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