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MDU RESOURCES GROUP INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and MDU RESOURCES GROUP INC.’s Form 8-K, filed May 20, 2024 (Item 5.07 on EDGAR). Page generated November 1, 2026.

11Ballot items
399Asset managers
4,176Fund votes
May 14, 2024Meeting date

Results at a glance

Meeting of May 14, 2024: 11 items on MDU RESOURCES GROUP INC.’s Form 8-K, filed May 20, 2024: 9 elected · 2 approved.

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 MDU RESOURCES GROUP INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by MDU RESOURCES GROUP INC.

These tallies are MDU RESOURCES GROUP INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 20, 2024 (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.

MDU RESOURCES GROUP INC. — official shareholder meeting results, meeting held May 14, 2024
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Darrel T. Anderson	155,259,355	530,210	276,644	--	24,873,389	99.6%	Elected	—
Elect Director: James H. Gemmel	154,697,678	1,048,891	319,640	--	24,873,389	99.3%	Elected	—
Elect Director: Douglas W. Jaeger	155,298,422	468,109	299,678	--	24,873,389	99.6%	Elected	—
Elect Director: Dennis W. Johnson	150,575,588	5,116,428	374,193	--	24,873,389	97%	Elected	—
Elect Director: Nicole A. Kivisto	155,394,806	430,308	241,095	--	24,873,389	99.7%	Elected	—
Elect Director: Dale S. Rosenthal	154,590,510	1,190,038	285,661	--	24,873,389	99.2%	Elected	—
Elect Director: Edward A. Ryan	152,611,167	3,175,785	279,257	--	24,873,389	98%	Elected	—
Elect Director: David M. Sparby	154,168,552	1,596,383	301,274	--	24,873,389	99%	Elected	—
Elect Director: Chenxi Wang	154,454,614	1,339,613	271,982	--	24,873,389	99.1%	Elected	—
Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers	149,441,848	5,921,590	702,771	--	24,873,389	96%	Approved	—
Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2024	174,085,618	6,520,218	333,762	--	--	96%	Approved	—

Source: MDU RESOURCES GROUP INC., Form 8-K, filed with the SEC on May 20, 2024 — read the filing on EDGAR.

How asset managers voted at the MDU RESOURCES GROUP INC. 2023-2024 meeting

Each item below shows how the 399 asset managers that disclosed a MDU RESOURCES GROUP 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: Chenxi Wang

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%

FOR: 154,454,614AGAINST: 1,339,613

Details: description as filed, official tally, votes by 94 asset managers

Description as filed by funds: Election of Directors: Chenxi Wang

MDU RESOURCES GROUP INC.’s own tally for this item (“Elect Director: Chenxi Wang”): 154,454,614 for, 1,339,613 against, per its Form 8-K filed May 20, 2024 (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: “All of the Company's nominees were elected, having received more votes cast "for" their election than "against" their election.”
Support: 99.1% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 77,243,820 for, 282 against, 41,640 abstained, 5,716 unknown.

FOR

FOR: 77,243,820AGAINST: 282ABSTAIN: 41,640UNKNOWN: 5,716

Largest asset managers voting on “Election of Directors: Chenxi Wang” at MDU RESOURCES GROUP INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	21,669,208	0	0	For
BlackRock	11,508,888	0	0	For
Fidelity	8,524,156	0	0	For
Dimensional	5,821,374	0	0	For
Franklin Custodian Funds	3,100,000	0	0	For
American Century	2,970,746	0	0	For
First Trust	2,841,483	0	0	For
Bridge Builder Trust	2,563,986	0	0	For
Charles Schwab	1,969,302	0	0	For
Invesco	1,624,862	0	0	For
Allspring	1,542,874	0	0	For
State Street	1,403,153	282	0	For
Global X	1,159,877	0	0	For
AMG Funds IV	916,243	0	0	For
MFS	702,990	0	0	For
Jackson National	611,220	0	0	For
TIAA	541,901	0	0	For
Neuberger Berman	519,825	0	0	For
WisdomTree	443,245	0	0	For
Lincoln Financial	368,921	0	0	For
Investment Managers Series Trust III	368,542	0	0	For
Brighthouse	326,243	0	41,640	Mixed
Equitable	353,313	0	0	For
AIG/SunAmerica	333,832	0	0	For
Guggenheim	279,773	0	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

2. Elect Director: Dale S. Rosenthal

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%

FOR: 154,590,510AGAINST: 1,190,038

Details: description as filed, official tally, votes by 94 asset managers

Description as filed by funds: Election of Directors: Dale S. Rosenthal

MDU RESOURCES GROUP INC.’s own tally for this item (“Elect Director: Dale S. Rosenthal”): 154,590,510 for, 1,190,038 against, per its Form 8-K filed May 20, 2024 (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: “All of the Company's nominees were elected, having received more votes cast "for" their election than "against" their election.”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 77,160,698 for, 83,404 against, 41,640 abstained, 5,716 unknown.

FOR

FOR: 77,160,698AGAINST: 83,404ABSTAIN: 41,640UNKNOWN: 5,716

Largest asset managers voting on “Election of Directors: Dale S. Rosenthal” at MDU RESOURCES GROUP INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	21,669,208	0	0	For
BlackRock	11,508,888	0	0	For
Fidelity	8,524,156	0	0	For
Dimensional	5,821,374	0	0	For
Franklin Custodian Funds	3,100,000	0	0	For
American Century	2,970,746	0	0	For
First Trust	2,841,483	0	0	For
Bridge Builder Trust	2,563,986	0	0	For
Charles Schwab	1,969,302	0	0	For
Invesco	1,624,862	0	0	For
Allspring	1,542,874	0	0	For
State Street	1,403,153	282	0	For
Global X	1,159,877	0	0	For
AMG Funds IV	916,243	0	0	For
MFS	702,990	0	0	For
Jackson National	611,220	0	0	For
TIAA	541,901	0	0	For
Neuberger Berman	519,825	0	0	For
WisdomTree	443,245	0	0	For
Lincoln Financial	368,921	0	0	For
Investment Managers Series Trust III	368,542	0	0	For
Brighthouse	326,243	0	41,640	Mixed
Equitable	353,313	0	0	For
AIG/SunAmerica	333,832	0	0	For
Guggenheim	279,773	0	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

3. Elect Director: Darrel T. Anderson

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%

FOR: 155,259,355AGAINST: 530,210

Details: description as filed, official tally, votes by 94 asset managers

Description as filed by funds: Election of Directors: Darrel T. Anderson

MDU RESOURCES GROUP INC.’s own tally for this item (“Elect Director: Darrel T. Anderson”): 155,259,355 for, 530,210 against, per its Form 8-K filed May 20, 2024 (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: “All of the Company's nominees were elected, having received more votes cast "for" their election than "against" their election.”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 77,243,503 for, 599 against, 41,640 abstained, 5,716 unknown.

FOR

FOR: 77,243,503AGAINST: 599ABSTAIN: 41,640UNKNOWN: 5,716

Largest asset managers voting on “Election of Directors: Darrel T. Anderson” at MDU RESOURCES GROUP INC., 2023-2024
Asset manager	For	Abstain	Vote
Vanguard	21,669,208	0	For
BlackRock	11,508,888	0	For
Fidelity	8,524,156	0	For
Dimensional	5,821,374	0	For
Franklin Custodian Funds	3,100,000	0	For
American Century	2,970,746	0	For
First Trust	2,841,483	0	For
Bridge Builder Trust	2,563,986	0	For
Charles Schwab	1,969,302	0	For
Invesco	1,624,862	0	For
Allspring	1,542,874	0	For
State Street	1,403,435	0	For
Global X	1,159,877	0	For
AMG Funds IV	916,243	0	For
MFS	702,990	0	For
Jackson National	611,220	0	For
TIAA	541,901	0	For
Neuberger Berman	519,825	0	For
WisdomTree	443,245	0	For
Lincoln Financial	368,921	0	For
Investment Managers Series Trust III	368,542	0	For
Brighthouse	326,243	41,640	Mixed
Equitable	353,313	0	For
AIG/SunAmerica	333,832	0	For
Guggenheim	279,773	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

4. Elect Director: David M. Sparby

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 154,168,552AGAINST: 1,596,383

Details: description as filed, official tally, votes by 94 asset managers

Description as filed by funds: Election of Directors: David M. Sparby

MDU RESOURCES GROUP INC.’s own tally for this item (“Elect Director: David M. Sparby”): 154,168,552 for, 1,596,383 against, per its Form 8-K filed May 20, 2024 (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: “All of the Company's nominees were elected, having received more votes cast "for" their election than "against" their election.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 77,177,838 for, 66,264 against, 41,640 abstained, 5,716 unknown.

FOR

FOR: 77,177,838AGAINST: 66,264ABSTAIN: 41,640UNKNOWN: 5,716

Largest asset managers voting on “Election of Directors: David M. Sparby” at MDU RESOURCES GROUP INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	21,669,208	0	0	For
BlackRock	11,508,888	0	0	For
Fidelity	8,524,156	0	0	For
Dimensional	5,821,374	0	0	For
Franklin Custodian Funds	3,100,000	0	0	For
American Century	2,970,746	0	0	For
First Trust	2,841,483	0	0	For
Bridge Builder Trust	2,563,986	0	0	For
Charles Schwab	1,969,302	0	0	For
Invesco	1,624,862	0	0	For
Allspring	1,542,874	0	0	For
State Street	1,402,875	560	0	For
Global X	1,159,877	0	0	For
AMG Funds IV	916,243	0	0	For
MFS	702,990	0	0	For
Jackson National	611,220	0	0	For
TIAA	541,901	0	0	For
Neuberger Berman	519,825	0	0	For
WisdomTree	443,245	0	0	For
Lincoln Financial	368,921	0	0	For
Investment Managers Series Trust III	368,542	0	0	For
Brighthouse	326,243	0	41,640	Mixed
Equitable	353,313	0	0	For
AIG/SunAmerica	333,832	0	0	For
Guggenheim	279,773	0	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

5. Elect Director: Dennis W. Johnson

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 150,575,588AGAINST: 5,116,428

Details: description as filed, official tally, votes by 94 asset managers

Description as filed by funds: Election of Directors: Dennis W. Johnson

MDU RESOURCES GROUP INC.’s own tally for this item (“Elect Director: Dennis W. Johnson”): 150,575,588 for, 5,116,428 against, per its Form 8-K filed May 20, 2024 (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: “All of the Company's nominees were elected, having received more votes cast "for" their election than "against" their election.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 76,627,853 for, 616,249 against, 41,640 abstained, 5,716 unknown.

FOR

FOR: 76,627,853AGAINST: 616,249ABSTAIN: 41,640UNKNOWN: 5,716

Largest asset managers voting on “Election of Directors: Dennis W. Johnson” at MDU RESOURCES GROUP INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	21,669,208	0	0	For
BlackRock	11,508,888	0	0	For
Fidelity	8,524,156	0	0	For
Dimensional	5,821,374	0	0	For
Franklin Custodian Funds	3,100,000	0	0	For
American Century	2,970,746	0	0	For
First Trust	2,841,483	0	0	For
Bridge Builder Trust	2,203,865	360,121	0	Mixed
Charles Schwab	1,969,302	0	0	For
Invesco	1,624,862	0	0	For
Allspring	1,542,874	0	0	For
State Street	1,402,716	719	0	For
Global X	1,159,877	0	0	For
AMG Funds IV	916,243	0	0	For
MFS	702,990	0	0	For
Jackson National	611,220	0	0	For
TIAA	541,901	0	0	For
Neuberger Berman	519,825	0	0	For
WisdomTree	443,245	0	0	For
Lincoln Financial	368,921	0	0	For
Investment Managers Series Trust III	368,542	0	0	For
Brighthouse	326,243	0	41,640	Mixed
Equitable	353,313	0	0	For
AIG/SunAmerica	333,832	0	0	For
Guggenheim	279,773	0	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

6. Elect Director: Douglas W. Jaeger

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%

FOR: 155,298,422AGAINST: 468,109

Details: description as filed, official tally, votes by 94 asset managers

Description as filed by funds: Election of Directors: Douglas W. Jaeger

MDU RESOURCES GROUP INC.’s own tally for this item (“Elect Director: Douglas W. Jaeger”): 155,298,422 for, 468,109 against, per its Form 8-K filed May 20, 2024 (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: “All of the Company's nominees were elected, having received more votes cast "for" their election than "against" their election.”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 77,244,102 for, 41,640 abstained, 5,716 unknown.

FOR

FOR: 77,244,102ABSTAIN: 41,640UNKNOWN: 5,716

Largest asset managers voting on “Election of Directors: Douglas W. Jaeger” at MDU RESOURCES GROUP INC., 2023-2024
Asset manager	For	Abstain	Vote
Vanguard	21,669,208	0	For
BlackRock	11,508,888	0	For
Fidelity	8,524,156	0	For
Dimensional	5,821,374	0	For
Franklin Custodian Funds	3,100,000	0	For
American Century	2,970,746	0	For
First Trust	2,841,483	0	For
Bridge Builder Trust	2,563,986	0	For
Charles Schwab	1,969,302	0	For
Invesco	1,624,862	0	For
Allspring	1,542,874	0	For
State Street	1,403,435	0	For
Global X	1,159,877	0	For
AMG Funds IV	916,243	0	For
MFS	702,990	0	For
Jackson National	611,220	0	For
TIAA	541,901	0	For
Neuberger Berman	519,825	0	For
WisdomTree	443,245	0	For
Lincoln Financial	368,921	0	For
Investment Managers Series Trust III	368,542	0	For
Brighthouse	326,243	41,640	Mixed
Equitable	353,313	0	For
AIG/SunAmerica	333,832	0	For
Guggenheim	279,773	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

7. Elect Director: Edward A. Ryan

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 152,611,167AGAINST: 3,175,785

Details: description as filed, official tally, votes by 94 asset managers

Description as filed by funds: Election of Directors: Edward A. Ryan

MDU RESOURCES GROUP INC.’s own tally for this item (“Elect Director: Edward A. Ryan”): 152,611,167 for, 3,175,785 against, per its Form 8-K filed May 20, 2024 (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: “All of the Company's nominees were elected, having received more votes cast "for" their election than "against" their election.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 77,056,129 for, 187,973 against, 41,640 abstained, 5,716 unknown.

FOR

FOR: 77,056,129AGAINST: 187,973ABSTAIN: 41,640UNKNOWN: 5,716

Largest asset managers voting on “Election of Directors: Edward A. Ryan” at MDU RESOURCES GROUP INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	21,669,208	0	0	For
BlackRock	11,508,888	0	0	For
Fidelity	8,524,156	0	0	For
Dimensional	5,821,374	0	0	For
Franklin Custodian Funds	3,100,000	0	0	For
American Century	2,970,746	0	0	For
First Trust	2,841,483	0	0	For
Bridge Builder Trust	2,563,986	0	0	For
Charles Schwab	1,969,302	0	0	For
Invesco	1,624,862	0	0	For
Allspring	1,542,874	0	0	For
State Street	1,402,875	560	0	For
Global X	1,159,877	0	0	For
AMG Funds IV	916,243	0	0	For
MFS	702,990	0	0	For
Jackson National	611,220	0	0	For
TIAA	541,901	0	0	For
Neuberger Berman	519,825	0	0	For
WisdomTree	443,245	0	0	For
Lincoln Financial	368,921	0	0	For
Investment Managers Series Trust III	368,542	0	0	For
Brighthouse	326,243	0	41,640	Mixed
Equitable	353,313	0	0	For
AIG/SunAmerica	333,832	0	0	For
Guggenheim	279,773	0	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

8. Elect Director: James H. Gemmel

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 154,697,678AGAINST: 1,048,891

Details: description as filed, official tally, votes by 94 asset managers

Description as filed by funds: Election of Directors: James H. Gemmel

MDU RESOURCES GROUP INC.’s own tally for this item (“Elect Director: James H. Gemmel”): 154,697,678 for, 1,048,891 against, per its Form 8-K filed May 20, 2024 (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: “All of the Company's nominees were elected, having received more votes cast "for" their election than "against" their election.”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 77,243,820 for, 282 against, 41,640 abstained, 5,716 unknown.

FOR

FOR: 77,243,820AGAINST: 282ABSTAIN: 41,640UNKNOWN: 5,716

Largest asset managers voting on “Election of Directors: James H. Gemmel” at MDU RESOURCES GROUP INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	21,669,208	0	0	For
BlackRock	11,508,888	0	0	For
Fidelity	8,524,156	0	0	For
Dimensional	5,821,374	0	0	For
Franklin Custodian Funds	3,100,000	0	0	For
American Century	2,970,746	0	0	For
First Trust	2,841,483	0	0	For
Bridge Builder Trust	2,563,986	0	0	For
Charles Schwab	1,969,302	0	0	For
Invesco	1,624,862	0	0	For
Allspring	1,542,874	0	0	For
State Street	1,403,153	282	0	For
Global X	1,159,877	0	0	For
AMG Funds IV	916,243	0	0	For
MFS	702,990	0	0	For
Jackson National	611,220	0	0	For
TIAA	541,901	0	0	For
Neuberger Berman	519,825	0	0	For
WisdomTree	443,245	0	0	For
Lincoln Financial	368,921	0	0	For
Investment Managers Series Trust III	368,542	0	0	For
Brighthouse	326,243	0	41,640	Mixed
Equitable	353,313	0	0	For
AIG/SunAmerica	333,832	0	0	For
Guggenheim	279,773	0	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

9. Elect Director: Nicole A. Kivisto

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 4 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%

FOR: 155,394,806AGAINST: 430,308

Details: description as filed, official tally, votes by 94 asset managers

Description as filed by funds: Election of Directors: Nicole A. Kivisto

MDU RESOURCES GROUP INC.’s own tally for this item (“Elect Director: Nicole A. Kivisto”): 155,394,806 for, 430,308 against, per its Form 8-K filed May 20, 2024 (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: “All of the Company's nominees were elected, having received more votes cast "for" their election than "against" their election.”
Support: 99.7% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 77,244,102 for, 41,640 abstained, 5,716 unknown.

FOR

FOR: 77,244,102ABSTAIN: 41,640UNKNOWN: 5,716

Largest asset managers voting on “Election of Directors: Nicole A. Kivisto” at MDU RESOURCES GROUP INC., 2023-2024
Asset manager	For	Abstain	Vote
Vanguard	21,669,208	0	For
BlackRock	11,508,888	0	For
Fidelity	8,524,156	0	For
Dimensional	5,821,374	0	For
Franklin Custodian Funds	3,100,000	0	For
American Century	2,970,746	0	For
First Trust	2,841,483	0	For
Bridge Builder Trust	2,563,986	0	For
Charles Schwab	1,969,302	0	For
Invesco	1,624,862	0	For
Allspring	1,542,874	0	For
State Street	1,403,435	0	For
Global X	1,159,877	0	For
AMG Funds IV	916,243	0	For
MFS	702,990	0	For
Jackson National	611,220	0	For
TIAA	541,901	0	For
Neuberger Berman	519,825	0	For
WisdomTree	443,245	0	For
Lincoln Financial	368,921	0	For
Investment Managers Series Trust III	368,542	0	For
Brighthouse	326,243	41,640	Mixed
Equitable	353,313	0	For
AIG/SunAmerica	333,832	0	For
Guggenheim	279,773	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

10. Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers

Official result Fund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 11 wordings of this item as funds reported it.

96% Approved · of votes cast

FOR 96%

FOR: 149,441,848AGAINST: 5,921,590

Details: description as filed, official tally, votes by 399 asset managers

Description as filed by funds: Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers.

MDU RESOURCES GROUP INC.’s own tally for this item (“Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers”): 149,441,848 for, 5,921,590 against — passed, per its Form 8-K filed May 20, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The proposal was approved, on a non-binding advisory basis, having received the affirmative vote of a majority of the common stock present in person or represented by proxy at the Annual Meeting and entitled to vote on the proposal .”
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: 95 asset managers voting on “Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers.” at MDU RESOURCES GROUP INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	21,669,208	0	0	For
BlackRock	11,508,888	0	0	For
Fidelity	8,524,156	0	0	For
Dimensional	5,821,374	0	0	For
Franklin Custodian Funds	3,100,000	0	0	For
American Century	2,970,746	0	0	For
First Trust	2,841,483	0	0	For
Bridge Builder Trust	2,563,986	0	0	For
Charles Schwab	1,969,302	0	0	For
Invesco	1,624,862	0	0	For
Allspring	1,542,874	0	0	For
State Street	1,403,435	0	0	For
Global X	1,159,877	0	0	For
AMG Funds IV	916,243	0	0	For
MFS	702,990	0	0	For
Jackson National	244,170	367,050	0	Mixed
TIAA	541,901	0	0	For
Neuberger Berman	519,825	0	0	For
WisdomTree	81,786	361,459	0	Mixed
Lincoln Financial	368,921	0	0	For
Investment Managers Series Trust III	368,542	0	0	For
Brighthouse	326,243	0	41,640	Mixed
Equitable	353,313	0	0	For
AIG/SunAmerica	333,832	0	0	For
Guggenheim	279,773	0	0	For

Fund voting reports, all 95 managers: 76,242,597 for, 1,003,030 against, 41,640 abstained, 37,123 unknown. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 335 asset managers voting on “Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers.” at MDU RESOURCES GROUP INC., 2023-2024
Asset manager	For	Against	Vote
Corvex Management LP	8,993,419	0	For
BlackRock	6,458,948	829	For
Fidelity	6,351,315	0	For
State Street	5,569,688	0	For
Man Group plc	4,646,760	0	For
BARROW HANLEY MEWHINNEY & STRAUSS LLC	3,523,425	0	For
GEODE CAPITAL MANAGEMENT, LLC	3,435,966	0	For
FRANKLIN ADVISERS INC	3,100,000	0	For
American Century	2,991,827	0	For
River Road Asset Management, LLC	2,646,703	0	For
Charles Schwab	1,969,631	0	For
Allspring	1,826,625	0	For
MELLON INVESTMENTS Corp	0	1,777,079	Against
Invesco	1,750,073	0	For
US BANK NATIONAL ASSOCIATION	1,672,968	0	For
HG Vora Capital Management, LLC	1,500,000	0	For
FRONTIER CAPITAL MANAGEMENT CO LLC	1,421,141	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	1,394,602	0	For
Northern Trust	1,374,086	0	For
Utah Retirement Systems	1,231,581	0	For
59 North Capital Management, LP	1,231,556	0	For
Neuberger Berman	1,148,154	0	For
Ancora Advisors LLC	1,058,759	0	For
Two Sigma	1,051,921	0	For
Dimensional	897,249	0	For

Institutional-manager reports, all 335 managers: 85,235,240 for, 3,086,683 against, 79,262 abstained, 59,460 not voted, 232 unknown. Showing the 25 largest; see all in the interactive database.

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

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 4 wordings of this item as funds reported it.

96% Approved · of votes cast

FOR 96%

FOR: 174,085,618AGAINST: 6,520,218

Details: description as filed, official tally, votes by 94 asset managers

Description as filed by funds: Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for 2024.

MDU RESOURCES GROUP 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 2024”): 174,085,618 for, 6,520,218 against — passed, per its Form 8-K filed May 20, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The proposal was approved, having received the affirmative vote of a majority of the common stock present in person or represented by proxy at the Annual Meeting and entitled to vote on the proposal.”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 75,128,584 for, 2,134,619 against, 41,640 abstained, 5,716 unknown.

FOR

FOR: 75,128,584AGAINST: 2,134,619ABSTAIN: 41,640UNKNOWN: 5,716

Largest asset managers voting on “Ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accoun” at MDU RESOURCES GROUP INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	21,669,208	0	0	For
BlackRock	11,508,888	0	0	For
Fidelity	8,524,156	0	0	For
Dimensional	5,821,374	0	0	For
Franklin Custodian Funds	3,100,000	0	0	For
American Century	2,970,746	0	0	For
First Trust	2,841,483	0	0	For
Bridge Builder Trust	563,067	2,000,919	0	Mixed
Charles Schwab	1,969,302	0	0	For
Invesco	1,624,862	0	0	For
Allspring	1,542,874	0	0	For
State Street	1,403,276	159	0	For
Global X	1,159,877	0	0	For
AMG Funds IV	916,243	0	0	For
MFS	702,990	0	0	For
Jackson National	611,220	0	0	For
TIAA	541,901	0	0	For
Neuberger Berman	519,825	0	0	For
WisdomTree	443,245	0	0	For
Lincoln Financial	368,921	0	0	For
Investment Managers Series Trust III	368,542	0	0	For
Brighthouse	326,243	0	41,640	Mixed
Equitable	353,313	0	0	For
AIG/SunAmerica	333,832	0	0	For
Guggenheim	279,773	0	0	For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

Largest MDU RESOURCES GROUP INC. shareholders voting in 2023-2024

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 203,888,237 shares outstanding at the time of that meeting.

Fund voting reports: top MDU RESOURCES GROUP INC. shareholders by shares voted on “Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers.”, 2023-2024
#	Asset manager	% of shares outstanding
1	Vanguard	10.63%
2	BlackRock	5.64%
3	Fidelity	4.18%
4	Dimensional	2.86%
5	Franklin Custodian Funds	1.52%
6	American Century	1.46%
7	First Trust	1.39%
8	Bridge Builder Trust	1.26%
9	Charles Schwab	0.97%
10	Invesco	0.80%

Institutional-manager reports: top MDU RESOURCES GROUP INC. shareholders by shares voted on “Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers.”, 2023-2024
#	Asset manager	% of shares outstanding
1	Corvex Management LP	4.41%
2	BlackRock	3.17%
3	Fidelity	3.12%
4	State Street	2.73%
5	Man Group plc	2.28%
6	BARROW HANLEY MEWHINNEY & STRAUSS LLC	1.73%
7	GEODE CAPITAL MANAGEMENT, LLC	1.69%
8	FRANKLIN ADVISERS INC	1.52%
9	American Century	1.47%
10	River Road Asset Management, LLC	1.30%

Reported MDU RESOURCES GROUP 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.

MDU RESOURCES GROUP INC. holdings and ownership disclosed for the 2023-2024 proxy season
Holder	% outstanding	Disclosure
BlackRock	12.65%	13F
Vanguard Group	11.41%	13F
CORVEX MANAGEMENT LP	4.98%	13D
Dimensional Fund Advisors	3.40%	13F
State Street	3.01%	13F
Morgan Stanley	1.79%	13F
Geode Capital	1.74%	13F
Franklin Templeton	1.28%	13F
Norges Bank	1.20%	13F
Charles Schwab	0.97%	13F

Percentages above are of 203,888,237 shares outstanding, as reported by MDU RESOURCES GROUP INC. on its Form 10-Q dated April 25, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 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 MDU RESOURCES GROUP INC.’s 10-Q dated April 25, 2024. This page is a static snapshot rebuilt weekly on November 1, 2026; a live search always shows the current data.

At MDU RESOURCES GROUP INC.'s shareholder meeting held May 14, 2024, in the 2023-2024 proxy season, 399 asset managers reported how they voted on 11 ballot items in their SEC Form N-PX filings, covering 4,176 separate fund positions. On the most widely held item on that ballot — Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers. — MDU RESOURCES GROUP INC.'s filing reports the proposal as approved, with 96% 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: MDU RESOURCES GROUP INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 20, 2024.

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

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