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Compiled from SEC Form N-PX filings and Franklin Resources, Inc.’s Form 8-K, filed February 7, 2025 (Item 5.07 on EDGAR). Page generated October 25, 2026.
Meeting of February 4, 2025: 12 items on Franklin Resources, Inc.’s Form 8-K, filed February 7, 2025: 11 elected · 1 approved.
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 Franklin Resources, Inc. in the interactive database Compare manager voting policies
These tallies are Franklin Resources, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed February 7, 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: Mariann Byerwalter | 419,007,983 | 6,194,478 | 124,428 | -- | 35,843,694 | 99% | Elected | — |
| Elect Director: Alexander S. Friedman | 418,352,573 | 6,840,281 | 134,035 | -- | 35,843,694 | 98% | Elected | — |
| Elect Director: Gregory E. Johnson | 421,869,374 | 2,989,860 | 467,655 | -- | 35,843,694 | 99.2% | Elected | — |
| Elect Director: Jennifer M. Johnson | 422,909,685 | 2,280,615 | 136,589 | -- | 35,843,694 | 99.4% | Elected | — |
| Elect Director: Rupert H. Johnson, Jr. | 422,920,212 | 2,275,872 | 130,805 | -- | 35,843,694 | 99.4% | Elected | — |
| Elect Director: John Y. Kim | 417,204,293 | 7,962,313 | 160,283 | -- | 35,843,694 | 98% | Elected | — |
| Elect Director: Karen M. King | 421,913,559 | 3,277,145 | 136,185 | -- | 35,843,694 | 99.2% | Elected | — |
| Elect Director: Anthony J. Noto | 418,503,921 | 6,689,591 | 133,377 | -- | 35,843,694 | 98% | Elected | — |
| Elect Director: John W. Thiel | 421,838,923 | 3,346,583 | 141,383 | -- | 35,843,694 | 99.2% | Elected | — |
| Elect Director: Seth H. Waugh | 418,016,407 | 7,167,421 | 143,061 | -- | 35,843,694 | 98% | Elected | — |
| Elect Director: Geoffrey Y. Yang | 407,504,468 | 17,506,193 | 316,228 | -- | 35,843,694 | 96% | Elected | — |
| 2. To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2025 | 451,231,198 | 9,743,298 | 196,087 | -- | -- | 98% | Approved | — |
Source: Franklin Resources, Inc., Form 8-K, filed with the SEC on February 7, 2025 — read the filing on EDGAR.
Each item below shows how the 117 asset managers that disclosed a Franklin Resources, 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 5 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Alexander S. Friedman
Franklin Resources, Inc.’s own tally for this item (“Elect Director: Alexander S. Friedman”): 418,352,573 for, 6,840,281 against, per its Form 8-K filed February 7, 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: “Each of the 11 nominees for director was elected, and the voting results are set forth below:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 110,138,072 for, 324,822 against, 12,624 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 35,596,505 | 0 | 0 | 0 | For |
| BlackRock | 14,583,729 | 5,877 | 0 | 0 | For |
| State Street | 10,860,846 | 3,151 | 0 | 0 | For |
| ProShares | 9,494,236 | 0 | 0 | 0 | For |
| Invesco | 8,413,147 | 0 | 0 | 0 | For |
| First Trust | 8,232,175 | 0 | 0 | 0 | For |
| Fidelity | 6,624,243 | 0 | 0 | 0 | For |
| Charles Schwab | 2,989,210 | 0 | 0 | 0 | For |
| WisdomTree | 2,145,607 | 0 | 0 | 0 | For |
| Dimensional | 1,565,031 | 0 | 0 | 0 | For |
| Jackson National | 1,211,209 | 0 | 0 | 0 | For |
| Goldman Sachs | 1,100,602 | 0 | 0 | 0 | For |
| TIAA | 759,134 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 540,601 | 0 | 0 | 0 | For |
| Victory Capital | 529,705 | 0 | 0 | 0 | For |
| John Hancock | 334,478 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 295,485 | 0 | 0 | 0 | For |
| AQR | 286,733 | 0 | 0 | 0 | For |
| Empower | 235,574 | 35,546 | 0 | 0 | Mixed |
| Lincoln Financial | 271,118 | 0 | 0 | 0 | For |
| Equitable | 267,050 | 0 | 0 | 0 | For |
| Amplify ETF Trust | 266,342 | 0 | 0 | 0 | For |
| Nationwide | 230,859 | 0 | 0 | 0 | For |
| Six Circles Trust | 219,812 | 0 | 0 | 0 | For |
| T. Rowe Price | 217,252 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 5 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Anthony J. Noto
Franklin Resources, Inc.’s own tally for this item (“Elect Director: Anthony J. Noto”): 418,503,921 for, 6,689,591 against, per its Form 8-K filed February 7, 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: “Each of the 11 nominees for director was elected, and the voting results are set forth below:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 110,140,550 for, 324,822 against, 10,146 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 35,596,505 | 0 | 0 | 0 | For |
| BlackRock | 14,583,729 | 5,877 | 0 | 0 | For |
| State Street | 10,860,846 | 3,151 | 0 | 0 | For |
| ProShares | 9,494,236 | 0 | 0 | 0 | For |
| Invesco | 8,413,147 | 0 | 0 | 0 | For |
| First Trust | 8,232,175 | 0 | 0 | 0 | For |
| Fidelity | 6,624,243 | 0 | 0 | 0 | For |
| Charles Schwab | 2,989,210 | 0 | 0 | 0 | For |
| WisdomTree | 2,145,607 | 0 | 0 | 0 | For |
| Dimensional | 1,565,031 | 0 | 0 | 0 | For |
| Jackson National | 1,211,209 | 0 | 0 | 0 | For |
| Goldman Sachs | 1,100,602 | 0 | 0 | 0 | For |
| TIAA | 759,134 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 540,601 | 0 | 0 | 0 | For |
| Victory Capital | 529,705 | 0 | 0 | 0 | For |
| John Hancock | 334,478 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 295,485 | 0 | 0 | 0 | For |
| AQR | 286,733 | 0 | 0 | 0 | For |
| Empower | 235,574 | 35,546 | 0 | 0 | Mixed |
| Lincoln Financial | 271,118 | 0 | 0 | 0 | For |
| Equitable | 267,050 | 0 | 0 | 0 | For |
| Amplify ETF Trust | 266,342 | 0 | 0 | 0 | For |
| Nationwide | 230,859 | 0 | 0 | 0 | For |
| Six Circles Trust | 219,812 | 0 | 0 | 0 | For |
| T. Rowe Price | 217,252 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 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: To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Geoffrey Y. Yang
Franklin Resources, Inc.’s own tally for this item (“Elect Director: Geoffrey Y. Yang”): 407,504,468 for, 17,506,193 against, per its Form 8-K filed February 7, 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: “Each of the 11 nominees for director was elected, and the voting results are set forth below:”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 109,642,673 for, 822,699 against, 10,146 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 35,596,505 | 0 | 0 | 0 | For |
| BlackRock | 14,582,307 | 7,299 | 0 | 0 | For |
| State Street | 10,859,451 | 4,546 | 0 | 0 | For |
| ProShares | 9,494,236 | 0 | 0 | 0 | For |
| Invesco | 8,413,147 | 0 | 0 | 0 | For |
| First Trust | 8,232,175 | 0 | 0 | 0 | For |
| Fidelity | 6,624,243 | 0 | 0 | 0 | For |
| Charles Schwab | 2,989,210 | 0 | 0 | 0 | For |
| WisdomTree | 2,145,607 | 0 | 0 | 0 | For |
| Dimensional | 1,565,031 | 0 | 0 | 0 | For |
| Jackson National | 1,211,209 | 0 | 0 | 0 | For |
| Goldman Sachs | 1,100,602 | 0 | 0 | 0 | For |
| TIAA | 759,134 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 540,601 | 0 | 0 | 0 | For |
| Victory Capital | 529,705 | 0 | 0 | 0 | For |
| John Hancock | 306,510 | 27,968 | 0 | 0 | Mixed |
| MASTER INVESTMENT PORTFOLIO | 295,485 | 0 | 0 | 0 | For |
| AQR | 286,733 | 0 | 0 | 0 | For |
| Empower | 271,120 | 0 | 0 | 0 | For |
| Lincoln Financial | 271,118 | 0 | 0 | 0 | For |
| Equitable | 267,050 | 0 | 0 | 0 | For |
| Amplify ETF Trust | 266,342 | 0 | 0 | 0 | For |
| Nationwide | 209,222 | 21,637 | 0 | 0 | Mixed |
| Six Circles Trust | 219,812 | 0 | 0 | 0 | For |
| T. Rowe Price | 217,252 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99.2% Majority: yes · of votes cast
Description as filed by funds: To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Gregory E. Johnson
Franklin Resources, Inc.’s own tally for this item (“Elect Director: Gregory E. Johnson”): 421,869,374 for, 2,989,860 against, per its Form 8-K filed February 7, 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: “Each of the 11 nominees for director was elected, and the voting results are set forth below:”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 110,328,668 for, 136,594 against, 10,256 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 35,596,505 | 0 | 0 | 0 | For |
| BlackRock | 14,588,134 | 1,472 | 0 | 0 | For |
| State Street | 10,862,126 | 1,871 | 0 | 0 | For |
| ProShares | 9,494,236 | 0 | 0 | 0 | For |
| Invesco | 8,413,147 | 0 | 0 | 0 | For |
| First Trust | 8,232,175 | 0 | 0 | 0 | For |
| Fidelity | 6,624,243 | 0 | 0 | 0 | For |
| Charles Schwab | 2,989,210 | 0 | 0 | 0 | For |
| WisdomTree | 2,145,607 | 0 | 0 | 0 | For |
| Dimensional | 1,565,031 | 0 | 0 | 0 | For |
| Jackson National | 1,211,209 | 0 | 0 | 0 | For |
| Goldman Sachs | 1,100,602 | 0 | 0 | 0 | For |
| TIAA | 759,134 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 540,601 | 0 | 0 | 0 | For |
| Victory Capital | 529,705 | 0 | 0 | 0 | For |
| John Hancock | 334,478 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 295,485 | 0 | 0 | 0 | For |
| AQR | 286,733 | 0 | 0 | 0 | For |
| Empower | 235,574 | 35,546 | 0 | 0 | Mixed |
| Lincoln Financial | 271,118 | 0 | 0 | 0 | For |
| Equitable | 267,050 | 0 | 0 | 0 | For |
| Amplify ETF Trust | 266,342 | 0 | 0 | 0 | For |
| Nationwide | 230,859 | 0 | 0 | 0 | For |
| Six Circles Trust | 219,812 | 0 | 0 | 0 | For |
| T. Rowe Price | 217,252 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99.4% Majority: yes · of votes cast
Description as filed by funds: To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Jennifer M. Johnson
Franklin Resources, Inc.’s own tally for this item (“Elect Director: Jennifer M. Johnson”): 422,909,685 for, 2,280,615 against, per its Form 8-K filed February 7, 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: “Each of the 11 nominees for director was elected, and the voting results are set forth below:”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 110,451,818 for, 13,444 against, 10,256 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 35,596,505 | 0 | 0 | 0 | For |
| BlackRock | 14,588,134 | 1,472 | 0 | 0 | For |
| State Street | 10,862,126 | 1,871 | 0 | 0 | For |
| ProShares | 9,494,236 | 0 | 0 | 0 | For |
| Invesco | 8,413,147 | 0 | 0 | 0 | For |
| First Trust | 8,232,175 | 0 | 0 | 0 | For |
| Fidelity | 6,624,243 | 0 | 0 | 0 | For |
| Charles Schwab | 2,989,210 | 0 | 0 | 0 | For |
| WisdomTree | 2,145,607 | 0 | 0 | 0 | For |
| Dimensional | 1,565,031 | 0 | 0 | 0 | For |
| Jackson National | 1,211,209 | 0 | 0 | 0 | For |
| Goldman Sachs | 1,100,602 | 0 | 0 | 0 | For |
| TIAA | 759,134 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 540,601 | 0 | 0 | 0 | For |
| Victory Capital | 529,705 | 0 | 0 | 0 | For |
| John Hancock | 334,478 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 295,485 | 0 | 0 | 0 | For |
| AQR | 286,733 | 0 | 0 | 0 | For |
| Empower | 271,120 | 0 | 0 | 0 | For |
| Lincoln Financial | 271,118 | 0 | 0 | 0 | For |
| Equitable | 267,050 | 0 | 0 | 0 | For |
| Amplify ETF Trust | 266,342 | 0 | 0 | 0 | For |
| Nationwide | 230,859 | 0 | 0 | 0 | For |
| Six Circles Trust | 219,812 | 0 | 0 | 0 | For |
| T. Rowe Price | 217,252 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99.2% Majority: yes · of votes cast
Description as filed by funds: To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: John W. Thiel
Franklin Resources, Inc.’s own tally for this item (“Elect Director: John W. Thiel”): 421,838,923 for, 3,346,583 against, per its Form 8-K filed February 7, 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: “Each of the 11 nominees for director was elected, and the voting results are set forth below:”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 110,430,489 for, 34,883 against, 10,146 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 35,596,505 | 0 | 0 | 0 | For |
| BlackRock | 14,588,134 | 1,472 | 0 | 0 | For |
| State Street | 10,862,435 | 1,562 | 0 | 0 | For |
| ProShares | 9,494,236 | 0 | 0 | 0 | For |
| Invesco | 8,413,147 | 0 | 0 | 0 | For |
| First Trust | 8,232,175 | 0 | 0 | 0 | For |
| Fidelity | 6,624,243 | 0 | 0 | 0 | For |
| Charles Schwab | 2,989,210 | 0 | 0 | 0 | For |
| WisdomTree | 2,145,607 | 0 | 0 | 0 | For |
| Dimensional | 1,565,031 | 0 | 0 | 0 | For |
| Jackson National | 1,211,209 | 0 | 0 | 0 | For |
| Goldman Sachs | 1,100,602 | 0 | 0 | 0 | For |
| TIAA | 759,134 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 540,601 | 0 | 0 | 0 | For |
| Victory Capital | 529,705 | 0 | 0 | 0 | For |
| John Hancock | 334,478 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 295,485 | 0 | 0 | 0 | For |
| AQR | 286,733 | 0 | 0 | 0 | For |
| Empower | 271,120 | 0 | 0 | 0 | For |
| Lincoln Financial | 271,118 | 0 | 0 | 0 | For |
| Equitable | 267,050 | 0 | 0 | 0 | For |
| Amplify ETF Trust | 266,342 | 0 | 0 | 0 | For |
| Nationwide | 209,222 | 21,637 | 0 | 0 | Mixed |
| Six Circles Trust | 219,812 | 0 | 0 | 0 | For |
| T. Rowe Price | 217,252 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 5 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: John Y. Kim
Franklin Resources, Inc.’s own tally for this item (“Elect Director: John Y. Kim”): 417,204,293 for, 7,962,313 against, per its Form 8-K filed February 7, 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: “Each of the 11 nominees for director was elected, and the voting results are set forth below:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 110,151,981 for, 313,391 against, 10,146 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 35,596,505 | 0 | 0 | 0 | For |
| BlackRock | 14,583,729 | 5,877 | 0 | 0 | For |
| State Street | 10,860,846 | 3,151 | 0 | 0 | For |
| ProShares | 9,494,236 | 0 | 0 | 0 | For |
| Invesco | 8,413,147 | 0 | 0 | 0 | For |
| First Trust | 8,232,175 | 0 | 0 | 0 | For |
| Fidelity | 6,624,243 | 0 | 0 | 0 | For |
| Charles Schwab | 2,989,210 | 0 | 0 | 0 | For |
| WisdomTree | 2,145,607 | 0 | 0 | 0 | For |
| Dimensional | 1,565,031 | 0 | 0 | 0 | For |
| Jackson National | 1,211,209 | 0 | 0 | 0 | For |
| Goldman Sachs | 1,100,602 | 0 | 0 | 0 | For |
| TIAA | 759,134 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 540,601 | 0 | 0 | 0 | For |
| Victory Capital | 529,705 | 0 | 0 | 0 | For |
| John Hancock | 334,478 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 295,485 | 0 | 0 | 0 | For |
| AQR | 286,733 | 0 | 0 | 0 | For |
| Empower | 271,120 | 0 | 0 | 0 | For |
| Lincoln Financial | 271,118 | 0 | 0 | 0 | For |
| Equitable | 267,050 | 0 | 0 | 0 | For |
| Amplify ETF Trust | 266,342 | 0 | 0 | 0 | For |
| Nationwide | 209,222 | 21,637 | 0 | 0 | Mixed |
| Six Circles Trust | 219,812 | 0 | 0 | 0 | For |
| T. Rowe Price | 217,252 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99.2% Majority: yes · of votes cast
Description as filed by funds: To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Karen M. King
Franklin Resources, Inc.’s own tally for this item (“Elect Director: Karen M. King”): 421,913,559 for, 3,277,145 against, per its Form 8-K filed February 7, 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: “Each of the 11 nominees for director was elected, and the voting results are set forth below:”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 110,430,489 for, 34,883 against, 10,146 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 35,596,505 | 0 | 0 | 0 | For |
| BlackRock | 14,588,134 | 1,472 | 0 | 0 | For |
| State Street | 10,862,435 | 1,562 | 0 | 0 | For |
| ProShares | 9,494,236 | 0 | 0 | 0 | For |
| Invesco | 8,413,147 | 0 | 0 | 0 | For |
| First Trust | 8,232,175 | 0 | 0 | 0 | For |
| Fidelity | 6,624,243 | 0 | 0 | 0 | For |
| Charles Schwab | 2,989,210 | 0 | 0 | 0 | For |
| WisdomTree | 2,145,607 | 0 | 0 | 0 | For |
| Dimensional | 1,565,031 | 0 | 0 | 0 | For |
| Jackson National | 1,211,209 | 0 | 0 | 0 | For |
| Goldman Sachs | 1,100,602 | 0 | 0 | 0 | For |
| TIAA | 759,134 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 540,601 | 0 | 0 | 0 | For |
| Victory Capital | 529,705 | 0 | 0 | 0 | For |
| John Hancock | 334,478 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 295,485 | 0 | 0 | 0 | For |
| AQR | 286,733 | 0 | 0 | 0 | For |
| Empower | 271,120 | 0 | 0 | 0 | For |
| Lincoln Financial | 271,118 | 0 | 0 | 0 | For |
| Equitable | 267,050 | 0 | 0 | 0 | For |
| Amplify ETF Trust | 266,342 | 0 | 0 | 0 | For |
| Nationwide | 209,222 | 21,637 | 0 | 0 | Mixed |
| Six Circles Trust | 219,812 | 0 | 0 | 0 | For |
| T. Rowe Price | 217,252 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99% Majority: yes · of votes cast
Description as filed by funds: To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Mariann Byerwalter
Franklin Resources, Inc.’s own tally for this item (“Elect Director: Mariann Byerwalter”): 419,007,983 for, 6,194,478 against, per its Form 8-K filed February 7, 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: “Each of the 11 nominees for director was elected, and the voting results are set forth below:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 110,188,029 for, 277,343 against, 10,146 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 35,596,505 | 0 | 0 | 0 | For |
| BlackRock | 14,585,320 | 4,286 | 0 | 0 | For |
| State Street | 10,860,846 | 3,151 | 0 | 0 | For |
| ProShares | 9,494,236 | 0 | 0 | 0 | For |
| Invesco | 8,413,147 | 0 | 0 | 0 | For |
| First Trust | 8,232,175 | 0 | 0 | 0 | For |
| Fidelity | 6,624,243 | 0 | 0 | 0 | For |
| Charles Schwab | 2,989,210 | 0 | 0 | 0 | For |
| WisdomTree | 2,145,607 | 0 | 0 | 0 | For |
| Dimensional | 1,565,031 | 0 | 0 | 0 | For |
| Jackson National | 1,211,209 | 0 | 0 | 0 | For |
| Goldman Sachs | 1,100,602 | 0 | 0 | 0 | For |
| TIAA | 759,134 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 540,601 | 0 | 0 | 0 | For |
| Victory Capital | 529,705 | 0 | 0 | 0 | For |
| John Hancock | 334,478 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 295,485 | 0 | 0 | 0 | For |
| AQR | 286,733 | 0 | 0 | 0 | For |
| Empower | 271,120 | 0 | 0 | 0 | For |
| Lincoln Financial | 271,118 | 0 | 0 | 0 | For |
| Equitable | 267,050 | 0 | 0 | 0 | For |
| Amplify ETF Trust | 266,342 | 0 | 0 | 0 | For |
| Nationwide | 230,859 | 0 | 0 | 0 | For |
| Six Circles Trust | 219,812 | 0 | 0 | 0 | For |
| T. Rowe Price | 217,252 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99.4% Majority: yes · of votes cast
Description as filed by funds: To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Rupert H. Johnson, Jr.
Franklin Resources, Inc.’s own tally for this item (“Elect Director: Rupert H. Johnson, Jr.”): 422,920,212 for, 2,275,872 against, per its Form 8-K filed February 7, 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: “Each of the 11 nominees for director was elected, and the voting results are set forth below:”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 110,454,296 for, 10,966 against, 10,256 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 35,596,505 | 0 | 0 | 0 | For |
| BlackRock | 14,588,134 | 1,472 | 0 | 0 | For |
| State Street | 10,862,126 | 1,871 | 0 | 0 | For |
| ProShares | 9,494,236 | 0 | 0 | 0 | For |
| Invesco | 8,413,147 | 0 | 0 | 0 | For |
| First Trust | 8,232,175 | 0 | 0 | 0 | For |
| Fidelity | 6,624,243 | 0 | 0 | 0 | For |
| Charles Schwab | 2,989,210 | 0 | 0 | 0 | For |
| WisdomTree | 2,145,607 | 0 | 0 | 0 | For |
| Dimensional | 1,565,031 | 0 | 0 | 0 | For |
| Jackson National | 1,211,209 | 0 | 0 | 0 | For |
| Goldman Sachs | 1,100,602 | 0 | 0 | 0 | For |
| TIAA | 759,134 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 540,601 | 0 | 0 | 0 | For |
| Victory Capital | 529,705 | 0 | 0 | 0 | For |
| John Hancock | 334,478 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 295,485 | 0 | 0 | 0 | For |
| AQR | 286,733 | 0 | 0 | 0 | For |
| Empower | 271,120 | 0 | 0 | 0 | For |
| Lincoln Financial | 271,118 | 0 | 0 | 0 | For |
| Equitable | 267,050 | 0 | 0 | 0 | For |
| Amplify ETF Trust | 266,342 | 0 | 0 | 0 | For |
| Nationwide | 230,859 | 0 | 0 | 0 | For |
| Six Circles Trust | 219,812 | 0 | 0 | 0 | For |
| T. Rowe Price | 217,252 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 5 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: To elect 11 directors to the Board to hold office until the next annual meeting of stockholders or until that person's successor is elected and qualified or until his or her earlier death, resignation, retirement, disqualification or removal.: Seth H. Waugh
Franklin Resources, Inc.’s own tally for this item (“Elect Director: Seth H. Waugh”): 418,016,407 for, 7,167,421 against, per its Form 8-K filed February 7, 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: “Each of the 11 nominees for director was elected, and the voting results are set forth below:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 115 asset managers below reported 108,180,542 for, 2,284,830 against, 10,146 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 35,596,505 | 0 | 0 | 0 | For |
| BlackRock | 14,588,134 | 1,472 | 0 | 0 | For |
| State Street | 10,862,435 | 1,562 | 0 | 0 | For |
| ProShares | 9,494,236 | 0 | 0 | 0 | For |
| Invesco | 8,413,147 | 0 | 0 | 0 | For |
| First Trust | 8,232,175 | 0 | 0 | 0 | For |
| Fidelity | 6,624,243 | 0 | 0 | 0 | For |
| Charles Schwab | 2,989,210 | 0 | 0 | 0 | For |
| WisdomTree | 2,145,607 | 0 | 0 | 0 | For |
| Dimensional | 0 | 1,565,031 | 0 | 0 | Against |
| Jackson National | 1,191,283 | 19,926 | 0 | 0 | For |
| Goldman Sachs | 1,100,602 | 0 | 0 | 0 | For |
| TIAA | 759,134 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 540,601 | 0 | 0 | 0 | For |
| Victory Capital | 529,705 | 0 | 0 | 0 | For |
| John Hancock | 161,649 | 172,829 | 0 | 0 | Mixed |
| MASTER INVESTMENT PORTFOLIO | 295,485 | 0 | 0 | 0 | For |
| AQR | 286,733 | 0 | 0 | 0 | For |
| Empower | 271,120 | 0 | 0 | 0 | For |
| Lincoln Financial | 239,426 | 31,692 | 0 | 0 | Mixed |
| Equitable | 267,050 | 0 | 0 | 0 | For |
| Amplify ETF Trust | 0 | 266,342 | 0 | 0 | Against |
| Nationwide | 209,222 | 21,637 | 0 | 0 | Mixed |
| Six Circles Trust | 219,812 | 0 | 0 | 0 | For |
| T. Rowe Price | 217,252 | 0 | 0 | 0 | For |
Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.
Combines 5 wordings of this item as funds reported it.
98% Approved · of votes cast
Description as filed by funds: To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2025.
Franklin Resources, Inc.’s own tally for this item (“2. To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2025”): 451,231,198 for, 9,743,298 against — passed, per its Form 8-K filed February 7, 2025 (Item 5.07).
Reported outcome: Approved, in the filing’s own words: “The appointment of PricewaterhouseCoopers LLP was ratified, and the voting results are set forth below:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 117 asset managers below reported 110,024,351 for, 441,392 against, 10,146 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 35,596,505 | 0 | 0 | 0 | For |
| BlackRock | 14,589,606 | 0 | 0 | 0 | For |
| State Street | 10,862,602 | 1,395 | 0 | 0 | For |
| ProShares | 9,494,236 | 0 | 0 | 0 | For |
| Invesco | 8,413,147 | 0 | 0 | 0 | For |
| First Trust | 8,232,175 | 0 | 0 | 0 | For |
| Fidelity | 6,624,243 | 0 | 0 | 0 | For |
| Charles Schwab | 2,989,210 | 0 | 0 | 0 | For |
| WisdomTree | 2,145,607 | 0 | 0 | 0 | For |
| Dimensional | 1,565,031 | 0 | 0 | 0 | For |
| Jackson National | 1,211,209 | 0 | 0 | 0 | For |
| Goldman Sachs | 1,100,602 | 0 | 0 | 0 | For |
| TIAA | 759,134 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 540,601 | 0 | 0 | 0 | For |
| Victory Capital | 529,705 | 0 | 0 | 0 | For |
| John Hancock | 334,478 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 295,485 | 0 | 0 | 0 | For |
| AQR | 286,733 | 0 | 0 | 0 | For |
| Empower | 235,574 | 35,546 | 0 | 0 | Mixed |
| Lincoln Financial | 271,118 | 0 | 0 | 0 | For |
| Equitable | 267,050 | 0 | 0 | 0 | For |
| Amplify ETF Trust | 0 | 266,342 | 0 | 0 | Against |
| Nationwide | 209,222 | 21,637 | 0 | 0 | Mixed |
| Six Circles Trust | 219,812 | 0 | 0 | 0 | For |
| T. Rowe Price | 217,252 | 0 | 0 | 0 | For |
Showing the 25 largest of 117 asset managers. See all 117 in the interactive database.
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 523,967,899 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 6.79% |
| 2 | BlackRock | 2.78% |
| 3 | State Street | 2.07% |
| 4 | ProShares | 1.81% |
| 5 | Invesco | 1.61% |
| 6 | First Trust | 1.57% |
| 7 | Fidelity | 1.26% |
| 8 | Charles Schwab | 0.57% |
| 9 | WisdomTree | 0.41% |
| 10 | Dimensional | 0.30% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Cardano Risk Management B.V. | 0.02% |
| 2 | SHELTON CAPITAL MANAGEMENT | <0.01% |
| 3 | Portside Wealth Group, LLC | <0.01% |
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 |
|---|---|---|
| Vanguard Group | 7.21% | 13F |
| BlackRock | 5.79% | 13F |
| State Street | 4.40% | 13F |
| Invesco | 2.29% | 13F |
| Geode Capital | 1.49% | 13F |
| Dimensional Fund Advisors | 1.38% | 13F |
| Franklin Resources, Inc. | 1.34% | 13D |
| Goldman Sachs | 1.33% | 13F |
| Morgan Stanley | 0.96% | 13F |
| Northern Trust | 0.65% | 13F |
Percentages above are of 523,967,899 shares outstanding, as reported by Franklin Resources, Inc. on its Form 10-Q dated December 31, 2024 (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 Franklin Resources, Inc.’s 10-Q dated December 31, 2024. This page is a static snapshot rebuilt weekly on October 25, 2026; a live search always shows the current data.
At Franklin Resources, Inc.'s shareholder meeting held February 4, 2025, in the 2024-2025 proxy season, 117 asset managers reported how they voted on 12 ballot items in their SEC Form N-PX filings, covering 6,058 separate fund positions. On the most widely held item on that ballot — To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered… — Franklin Resources, Inc.'s filing reports the proposal as approved, with 98% support 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). Source: Franklin Resources, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on February 7, 2025.
Franklin Resources, Inc. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.
Download data (CSV): ballot items · votes by manager · column guide.