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MDU Resources Group, Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and MDU Resources Group, Inc.’s Form 8-K, filed May 13, 2026 (Item 5.07 on EDGAR). Page generated October 18, 2026.

  • 11Reported items
  • 457Asset managers
  • 4,368Fund votes
  • May 11, 2026Meeting date

Results at a glance

Meeting of May 11, 2026: 11 items on MDU Resources Group, Inc.’s Form 8-K, filed May 13, 2026: 8 elected · 3 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 2025-2026 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 13, 2026 (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 11, 2026
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Darrel T. Anderson 156,497,3741,772,995207,111 --25,924,878 99%Elected—
Elect Director: Vernon A. Dosch 157,748,991508,798219,691 --25,924,878 99.6%Elected—
Elect Director: Marian M. Durkin 156,077,4641,507,033892,983 --25,924,878 99.0%Elected—
Elect Director: Douglas W. Jaeger 157,108,5131,149,629219,338 --25,924,878 99.2%Elected—
Elect Director: Charles M. Kelley 157,868,483382,487226,510 --25,924,878 99.7%Elected—
Elect Director: Nicole A. Kivisto 157,782,494498,930196,056 --25,924,878 99.6%Elected—
Elect Director: Tammy J. Miller 157,313,621952,917210,942 --25,924,878 99.3%Elected—
Elect Director: Priti R. Patel 157,647,380608,760221,340 --25,924,878 99.6%Elected—
2. Advisory Vote to Approve Executive Compensation 155,483,5832,448,238545,659 --25,924,878 98%Approved—
3. Approval of LTIP 154,587,0512,817,3021,073,127 --25,924,878 98%Approved—
4. Ratification of Appointment of Independent Registered Public Accounting Firm 173,965,50710,089,093347,758 ---- 95%Approved—

Source: MDU Resources Group, Inc., Form 8-K, filed with the SEC on May 13, 2026 — read the filing on EDGAR.

How asset managers voted at the MDU Resources Group, Inc. 2025-2026 meeting

Each item below shows how the 457 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. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of MDU Resources Group, Inc.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Director: Charles M. Kelley

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%
FOR: 157,868,483AGAINST: 382,487
Details: description as filed, official tally, votes by 104 asset managers

Description as filed by funds: Elect Eight Directors to the Board to Serve for One-Year Terms: Charles M. Kelley

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Charles M. Kelley”): 157,868,483 for, 382,487 against, per its Form 8-K filed May 13, 2026 (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: “Stockholders elected the eight nominees to the Board for one-year terms expiring at the annual stockholders' meeting to be held in 2027, based upon the votes set forth in the table below :”
Support: 99.7% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 104 asset managers below reported 79,248,872 for, 3 against, 20,249 abstained, 149,020 not voted.

FOR
FOR: 79,248,872AGAINST: 3ABSTAIN: 20,249NOT VOTED: 149,020
Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Charles M. Kelley” at MDU Resources Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard22,819,2493 10For
BlackRock18,668,1780 00For
Bridge Builder Trust6,894,7060 00For
Fidelity2,842,7530 00For
Delaware/Macquarie2,558,3870 00For
Charles Schwab2,101,5040 00For
Invesco1,854,0570 00For
Global X1,703,9830 00For
First Trust1,439,3580 00For
Investment Managers Series Trust III1,358,2950 00For
T. Rowe Price1,128,3860 00For
AMG Funds IV1,098,9530 00For
AMERICAN BEACON FUNDS1,045,3800 00For
Allspring983,4670 00For
Ultimus Managers Trust963,2480 00For
Jackson National827,7350 00For
Natixis732,9900 00For
MFS601,0690 00For
WisdomTree582,9180 00For
NEEDHAM FUNDS INC557,5000 00For
Neuberger Berman543,9500 00For
Keeley Funds, Inc.520,4520 00For
Principal493,0400 00For
JPMorgan478,8050 00For
Empower246,2320 00For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

2. Elect Director: Darrel T. Anderson

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 156,497,374AGAINST: 1,772,995
Details: description as filed, official tally, votes by 104 asset managers

Description as filed by funds: Elect Eight Directors to the Board to Serve for One-Year Terms: Darrel T. Anderson

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Darrel T. Anderson”): 156,497,374 for, 1,772,995 against, per its Form 8-K filed May 13, 2026 (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: “Stockholders elected the eight nominees to the Board for one-year terms expiring at the annual stockholders' meeting to be held in 2027, based upon the votes set forth in the table below :”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 104 asset managers below reported 79,248,857 for, 17 against, 20,249 abstained, 149,020 not voted.

FOR
FOR: 79,248,857AGAINST: 17ABSTAIN: 20,249NOT VOTED: 149,020
Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Darrel T. Anderson” at MDU Resources Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard22,819,23417 10For
BlackRock18,668,1780 00For
Bridge Builder Trust6,894,7060 00For
Fidelity2,842,7530 00For
Delaware/Macquarie2,558,3870 00For
Charles Schwab2,101,5040 00For
Invesco1,854,0570 00For
Global X1,703,9830 00For
First Trust1,439,3580 00For
Investment Managers Series Trust III1,358,2950 00For
T. Rowe Price1,128,3860 00For
AMG Funds IV1,098,9530 00For
AMERICAN BEACON FUNDS1,045,3800 00For
Allspring983,4670 00For
Ultimus Managers Trust963,2480 00For
Jackson National827,7350 00For
Natixis732,9900 00For
MFS601,0690 00For
WisdomTree582,9180 00For
NEEDHAM FUNDS INC557,5000 00For
Neuberger Berman543,9500 00For
Keeley Funds, Inc.520,4520 00For
Principal493,0400 00For
JPMorgan478,8050 00For
Empower246,2320 00For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

3. Elect Director: Douglas W. Jaeger

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%
FOR: 157,108,513AGAINST: 1,149,629
Details: description as filed, official tally, votes by 104 asset managers

Description as filed by funds: Elect Eight Directors to the Board to Serve for One-Year Terms: Douglas W. Jaeger

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Douglas W. Jaeger”): 157,108,513 for, 1,149,629 against, per its Form 8-K filed May 13, 2026 (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: “Stockholders elected the eight nominees to the Board for one-year terms expiring at the annual stockholders' meeting to be held in 2027, based upon the votes set forth in the table below :”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 104 asset managers below reported 79,248,864 for, 11 against, 20,249 abstained, 149,020 not voted.

FOR
FOR: 79,248,864AGAINST: 11ABSTAIN: 20,249NOT VOTED: 149,020
Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Douglas W. Jaeger” at MDU Resources Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard22,819,24111 10For
BlackRock18,668,1780 00For
Bridge Builder Trust6,894,7060 00For
Fidelity2,842,7530 00For
Delaware/Macquarie2,558,3870 00For
Charles Schwab2,101,5040 00For
Invesco1,854,0570 00For
Global X1,703,9830 00For
First Trust1,439,3580 00For
Investment Managers Series Trust III1,358,2950 00For
T. Rowe Price1,128,3860 00For
AMG Funds IV1,098,9530 00For
AMERICAN BEACON FUNDS1,045,3800 00For
Allspring983,4670 00For
Ultimus Managers Trust963,2480 00For
Jackson National827,7350 00For
Natixis732,9900 00For
MFS601,0690 00For
WisdomTree582,9180 00For
NEEDHAM FUNDS INC557,5000 00For
Neuberger Berman543,9500 00For
Keeley Funds, Inc.520,4520 00For
Principal493,0400 00For
JPMorgan478,8050 00For
Empower246,2320 00For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

4. Elect Director: Marian M. Durkin

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%
FOR: 156,077,464AGAINST: 1,507,033
Details: description as filed, official tally, votes by 104 asset managers

Description as filed by funds: Elect Eight Directors to the Board to Serve for One-Year Terms: Marian M. Durkin

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Marian M. Durkin”): 156,077,464 for, 1,507,033 against, per its Form 8-K filed May 13, 2026 (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: “Stockholders elected the eight nominees to the Board for one-year terms expiring at the annual stockholders' meeting to be held in 2027, based upon the votes set forth in the table below :”
Support: 99.0% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 104 asset managers below reported 79,248,855 for, 12 against, 20,257 abstained, 149,020 not voted.

FOR
FOR: 79,248,855AGAINST: 12ABSTAIN: 20,257NOT VOTED: 149,020
Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Marian M. Durkin” at MDU Resources Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard22,819,23212 90For
BlackRock18,668,1780 00For
Bridge Builder Trust6,894,7060 00For
Fidelity2,842,7530 00For
Delaware/Macquarie2,558,3870 00For
Charles Schwab2,101,5040 00For
Invesco1,854,0570 00For
Global X1,703,9830 00For
First Trust1,439,3580 00For
Investment Managers Series Trust III1,358,2950 00For
T. Rowe Price1,128,3860 00For
AMG Funds IV1,098,9530 00For
AMERICAN BEACON FUNDS1,045,3800 00For
Allspring983,4670 00For
Ultimus Managers Trust963,2480 00For
Jackson National827,7350 00For
Natixis732,9900 00For
MFS601,0690 00For
WisdomTree582,9180 00For
NEEDHAM FUNDS INC557,5000 00For
Neuberger Berman543,9500 00For
Keeley Funds, Inc.520,4520 00For
Principal493,0400 00For
JPMorgan478,8050 00For
Empower246,2320 00For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

5. Elect Director: Nicole A. Kivisto

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 157,782,494AGAINST: 498,930
Details: description as filed, official tally, votes by 104 asset managers

Description as filed by funds: Elect Eight Directors to the Board to Serve for One-Year Terms: Nicole A. Kivisto

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Nicole A. Kivisto”): 157,782,494 for, 498,930 against, per its Form 8-K filed May 13, 2026 (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: “Stockholders elected the eight nominees to the Board for one-year terms expiring at the annual stockholders' meeting to be held in 2027, based upon the votes set forth in the table below :”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 104 asset managers below reported 79,248,870 for, 4 against, 20,248 abstained, 149,020 not voted.

FOR
FOR: 79,248,870AGAINST: 4ABSTAIN: 20,248NOT VOTED: 149,020
Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Nicole A. Kivisto” at MDU Resources Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard22,819,2474 00For
BlackRock18,668,1780 00For
Bridge Builder Trust6,894,7060 00For
Fidelity2,842,7530 00For
Delaware/Macquarie2,558,3870 00For
Charles Schwab2,101,5040 00For
Invesco1,854,0570 00For
Global X1,703,9830 00For
First Trust1,439,3580 00For
Investment Managers Series Trust III1,358,2950 00For
T. Rowe Price1,128,3860 00For
AMG Funds IV1,098,9530 00For
AMERICAN BEACON FUNDS1,045,3800 00For
Allspring983,4670 00For
Ultimus Managers Trust963,2480 00For
Jackson National827,7350 00For
Natixis732,9900 00For
MFS601,0690 00For
WisdomTree582,9180 00For
NEEDHAM FUNDS INC557,5000 00For
Neuberger Berman543,9500 00For
Keeley Funds, Inc.520,4520 00For
Principal493,0400 00For
JPMorgan478,8050 00For
Empower246,2320 00For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

6. Elect Director: Priti R. Patel

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 157,647,380AGAINST: 608,760
Details: description as filed, official tally, votes by 104 asset managers

Description as filed by funds: Elect Eight Directors to the Board to Serve for One-Year Terms: Priti R. Patel

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Priti R. Patel”): 157,647,380 for, 608,760 against, per its Form 8-K filed May 13, 2026 (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: “Stockholders elected the eight nominees to the Board for one-year terms expiring at the annual stockholders' meeting to be held in 2027, based upon the votes set forth in the table below :”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 104 asset managers below reported 79,248,869 for, 4 against, 20,249 abstained, 149,020 not voted.

FOR
FOR: 79,248,869AGAINST: 4ABSTAIN: 20,249NOT VOTED: 149,020
Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Priti R. Patel” at MDU Resources Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard22,819,2464 10For
BlackRock18,668,1780 00For
Bridge Builder Trust6,894,7060 00For
Fidelity2,842,7530 00For
Delaware/Macquarie2,558,3870 00For
Charles Schwab2,101,5040 00For
Invesco1,854,0570 00For
Global X1,703,9830 00For
First Trust1,439,3580 00For
Investment Managers Series Trust III1,358,2950 00For
T. Rowe Price1,128,3860 00For
AMG Funds IV1,098,9530 00For
AMERICAN BEACON FUNDS1,045,3800 00For
Allspring983,4670 00For
Ultimus Managers Trust963,2480 00For
Jackson National827,7350 00For
Natixis732,9900 00For
MFS601,0690 00For
WisdomTree582,9180 00For
NEEDHAM FUNDS INC557,5000 00For
Neuberger Berman543,9500 00For
Keeley Funds, Inc.520,4520 00For
Principal493,0400 00For
JPMorgan478,8050 00For
Empower246,2320 00For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

7. Elect Director: Tammy J. Miller

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 157,313,621AGAINST: 952,917
Details: description as filed, official tally, votes by 104 asset managers

Description as filed by funds: Elect Eight Directors to the Board to Serve for One-Year Terms: Tammy J. Miller

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Tammy J. Miller”): 157,313,621 for, 952,917 against, per its Form 8-K filed May 13, 2026 (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: “Stockholders elected the eight nominees to the Board for one-year terms expiring at the annual stockholders' meeting to be held in 2027, based upon the votes set forth in the table below :”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 104 asset managers below reported 79,248,865 for, 9 against, 20,249 abstained, 149,020 not voted.

FOR
FOR: 79,248,865AGAINST: 9ABSTAIN: 20,249NOT VOTED: 149,020
Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Tammy J. Miller” at MDU Resources Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard22,819,2429 10For
BlackRock18,668,1780 00For
Bridge Builder Trust6,894,7060 00For
Fidelity2,842,7530 00For
Delaware/Macquarie2,558,3870 00For
Charles Schwab2,101,5040 00For
Invesco1,854,0570 00For
Global X1,703,9830 00For
First Trust1,439,3580 00For
Investment Managers Series Trust III1,358,2950 00For
T. Rowe Price1,128,3860 00For
AMG Funds IV1,098,9530 00For
AMERICAN BEACON FUNDS1,045,3800 00For
Allspring983,4670 00For
Ultimus Managers Trust963,2480 00For
Jackson National827,7350 00For
Natixis732,9900 00For
MFS601,0690 00For
WisdomTree582,9180 00For
NEEDHAM FUNDS INC557,5000 00For
Neuberger Berman543,9500 00For
Keeley Funds, Inc.520,4520 00For
Principal493,0400 00For
JPMorgan478,8050 00For
Empower246,2320 00For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

8. Elect Director: Vernon A. Dosch

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 157,748,991AGAINST: 508,798
Details: description as filed, official tally, votes by 104 asset managers

Description as filed by funds: Elect Eight Directors to the Board to Serve for One-Year Terms: Vernon A. Dosch

MDU Resources Group, Inc.’s own tally for this item (“Elect Director: Vernon A. Dosch”): 157,748,991 for, 508,798 against, per its Form 8-K filed May 13, 2026 (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: “Stockholders elected the eight nominees to the Board for one-year terms expiring at the annual stockholders' meeting to be held in 2027, based upon the votes set forth in the table below :”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 104 asset managers below reported 79,248,870 for, 4 against, 20,249 abstained, 149,020 not voted.

FOR
FOR: 79,248,870AGAINST: 4ABSTAIN: 20,249NOT VOTED: 149,020
Largest asset managers voting on “Elect Eight Directors to the Board to Serve for One-Year Terms: Vernon A. Dosch” at MDU Resources Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard22,819,2474 10For
BlackRock18,668,1780 00For
Bridge Builder Trust6,894,7060 00For
Fidelity2,842,7530 00For
Delaware/Macquarie2,558,3870 00For
Charles Schwab2,101,5040 00For
Invesco1,854,0570 00For
Global X1,703,9830 00For
First Trust1,439,3580 00For
Investment Managers Series Trust III1,358,2950 00For
T. Rowe Price1,128,3860 00For
AMG Funds IV1,098,9530 00For
AMERICAN BEACON FUNDS1,045,3800 00For
Allspring983,4670 00For
Ultimus Managers Trust963,2480 00For
Jackson National827,7350 00For
Natixis732,9900 00For
MFS601,0690 00For
WisdomTree582,9180 00For
NEEDHAM FUNDS INC557,5000 00For
Neuberger Berman543,9500 00For
Keeley Funds, Inc.520,4520 00For
Principal493,0400 00For
JPMorgan478,8050 00For
Empower246,2320 00For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

9. Approve the Amended and Restated Long-Term Performance- Based Incentive Plan.

No official matchCOMPENSATION

Combines 3 wordings of this item as funds reported it.

99.5% of fund votes cast · no official result

FOR
Details: votes by 105 asset managers

The 105 asset managers below reported 78,857,374 for, 389,578 against, 20,258 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,857,374AGAINST: 389,578ABSTAIN: 20,258
Largest asset managers voting on “Approve the Amended and Restated Long-Term Performance- Based Incentive Plan.” at MDU Resources Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard22,819,22024 100For
BlackRock18,668,1780 00For
Bridge Builder Trust6,894,7060 00For
Fidelity2,842,7530 00For
Delaware/Macquarie2,558,3870 00For
Charles Schwab2,101,5040 00For
Invesco1,854,0570 00For
Global X1,703,9830 00For
First Trust1,439,3580 00For
Investment Managers Series Trust III1,358,2950 00For
T. Rowe Price1,128,3860 00For
AMG Funds IV1,098,9530 00For
AMERICAN BEACON FUNDS1,045,3800 00For
Allspring983,4670 00For
Ultimus Managers Trust963,2480 00For
Jackson National827,7350 00For
Natixis732,9900 00For
MFS601,0690 00For
WisdomTree582,9180 00For
NEEDHAM FUNDS INC557,5000 00For
Neuberger Berman543,9500 00For
Keeley Funds, Inc.520,4520 00For
Principal493,0400 00For
JPMorgan478,8050 00For
DWS379,4830 00For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

10. 2. Advisory Vote to Approve Executive Compensation

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

Combines 12 wordings of this item as funds reported it.

98% Approved · of votes cast

FOR 98%
FOR: 155,483,583AGAINST: 2,448,238
Details: description as filed, official tally, votes by 455 asset managers

Description as filed by funds: Vote, on an Advisory Basis, to Approve the Company's Named Executive Officers' compensation.

MDU Resources Group, Inc.’s own tally for this item (“2. Advisory Vote to Approve Executive Compensation”): 155,483,583 for, 2,448,238 against — passed, per its Form 8-K filed May 13, 2026 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Stockholders approved, on an advisory basis, the compensation of the NEOs, based upon the votes set forth in the table below:”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of MDU Resources Group, Inc.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Compensation” (2 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).

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: 103 asset managers voting on “Vote, on an Advisory Basis, to Approve the Company's Named Executive Officers' compensation.” at MDU Resources Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard22,819,22821 40For
BlackRock18,668,1780 00For
Bridge Builder Trust6,894,7060 00For
Fidelity2,842,7530 00For
Delaware/Macquarie2,558,3870 00For
Charles Schwab2,101,5040 00For
Invesco1,854,0570 00For
Global X1,703,9830 00For
First Trust1,439,3580 00For
Investment Managers Series Trust III1,358,2950 00For
T. Rowe Price1,128,3860 00For
AMG Funds IV1,098,9530 00For
AMERICAN BEACON FUNDS1,045,3800 00For
Allspring983,4670 00For
Ultimus Managers Trust963,2480 00For
Jackson National827,7350 00For
Natixis732,9900 00For
MFS601,0690 00For
WisdomTree582,9180 00For
NEEDHAM FUNDS INC557,5000 00For
Neuberger Berman543,9500 00For
Keeley Funds, Inc.520,4520 00For
Principal493,0400 00For
JPMorgan478,8050 00For
Empower246,2320 00For

Fund voting reports, all 103 managers: 79,246,015 for, 21 against, 20,252 abstained, 149,020 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 379 asset managers voting on “Vote, on an Advisory Basis, to Approve the Company's Named Executive Officers' compensation.” at MDU Resources Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BARROW HANLEY MEWHINNEY & STRAUSS LLC8,741,3450 00For
EARNEST PARTNERS LLC7,678,8140 00For
State Street2,909,5876,906 00For
River Road Asset Management, LLC2,887,9990 00For
NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST2,772,4370 00For
GEODE CAPITAL MANAGEMENT, LLC2,529,6630 00For
T. Rowe Price2,393,4000 00For
Charles Schwab2,295,4570 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC2,088,3500 00For
Invesco2,005,9060 00For
BlackRock1,869,7761,604 00For
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.1,848,0350 00For
WESTWOOD HOLDINGS GROUP INC1,834,6450 00For
US BANK NATIONAL ASSOCIATION1,682,9940 00For
Vanguard1,651,2820 00For
Natixis1,566,3470 00For
Edward D. Jones & Co., L.P.1,369,5830 00For
First Pacific Advisors, LP1,358,2950 00For
Neuberger Berman1,202,0540 00For
Allspring1,128,9780 00For
ADAGE CAPITAL PARTNERS GP, L.L.C.1,105,0000 00For
PRINCIPAL GLOBAL INVESTORS999,1290 00For
Dimensional967,9600 00For
Northern Trust962,3930 00For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/860,1290 00For

Institutional-manager reports, all 379 managers: 75,172,122 for, 999,184 against, 1,835 abstained, 8,285 not voted. Showing the 25 largest; see all in the interactive database.

11. 4. Ratification of Appointment of Independent Registered Public Accounting Firm

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 3 wordings of this item as funds reported it.

95% Approved · of votes cast

FOR 95%
FOR: 173,965,507AGAINST: 10,089,093
Details: description as filed, official tally, votes by 103 asset managers

Description as filed by funds: Ratify the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm for the 2026 Fiscal Year.

MDU Resources Group, Inc.’s own tally for this item (“4. Ratification of Appointment of Independent Registered Public Accounting Firm”): 173,965,507 for, 10,089,093 against — passed, per its Form 8-K filed May 13, 2026 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Stockholders ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for fiscal year 2026, based upon the votes set forth in the table below:”
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 103 asset managers below reported 79,110,697 for, 128,847 against, 20,248 abstained.

FOR
FOR: 79,110,697AGAINST: 128,847ABSTAIN: 20,248
Largest asset managers voting on “Ratify the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm” at MDU Resources Group, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard22,783,33035,920 00For
BlackRock18,668,1780 00For
Bridge Builder Trust6,894,7060 00For
Fidelity2,842,7530 00For
Delaware/Macquarie2,558,3870 00For
Charles Schwab2,101,5040 00For
Invesco1,854,0570 00For
Global X1,703,9830 00For
First Trust1,439,3580 00For
Investment Managers Series Trust III1,358,2950 00For
T. Rowe Price1,128,3860 00For
AMG Funds IV1,098,9530 00For
AMERICAN BEACON FUNDS1,045,3800 00For
Allspring983,4670 00For
Ultimus Managers Trust963,2480 00For
Jackson National827,7350 00For
Natixis732,9900 00For
MFS601,0690 00For
WisdomTree582,9180 00For
NEEDHAM FUNDS INC557,5000 00For
Neuberger Berman543,9500 00For
Keeley Funds, Inc.520,4520 00For
Principal493,0400 00For
JPMorgan478,8050 00For
DWS379,4830 00For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

Largest MDU Resources Group, Inc. shareholders voting in 2025-2026

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 209,006,024 shares outstanding at the time of that meeting.

Fund voting reports: top MDU Resources Group, Inc. shareholders by shares voted on “Vote, on an Advisory Basis, to Approve the Company's Named Executive Officers' compensation.”, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 10.92%
2BlackRock 8.93%
3Bridge Builder Trust 3.30%
4Fidelity 1.36%
5Delaware/Macquarie 1.22%
6Charles Schwab 1.01%
7Invesco 0.89%
8Global X 0.82%
9First Trust 0.69%
10Investment Managers Series Trust III 0.65%
Institutional-manager reports: top MDU Resources Group, Inc. shareholders by shares voted on “Vote, on an Advisory Basis, to Approve the Company's Named Executive Officers' compensation.”, 2025-2026
#Asset manager % of shares outstanding
1BARROW HANLEY MEWHINNEY & STRAUSS LLC 4.18%
2EARNEST PARTNERS LLC 3.67%
3State Street 1.40%
4River Road Asset Management, LLC 1.38%
5NOMURA INVESTMENT MANAGEMENT BUSINESS TRUST 1.33%
6GEODE CAPITAL MANAGEMENT, LLC 1.21%
7T. Rowe Price 1.15%
8Charles Schwab 1.10%
9PARAMETRIC PORTFOLIO ASSOCIATES LLC 1.00%
10Invesco 0.96%

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 2025-2026 proxy season
Holder % outstanding Disclosure
BlackRock 12.30% 13F
Vanguard Group 11.40% 13F
BARROW HANLEY MEWHINNEY & STRAUSS LLC 6.25% 13G
Vanguard Portfolio Management 6.01% 13G
Dimensional Fund Advisors 4.92% 13F
State Street 3.34% 13F
Morgan Stanley 1.92% 13F
BNY Mellon 1.13% 13F
Charles Schwab 1.08% 13F
Invesco 0.90% 13F

Percentages above are of 209,006,024 shares outstanding, as reported by MDU Resources Group, Inc. on its Form 10-Q dated April 30, 2026 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 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 30, 2026. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At MDU Resources Group, Inc.'s shareholder meeting held May 11, 2026, in the 2025-2026 proxy season, 457 asset managers reported how they voted in their SEC Form N-PX filings, covering 4,368 separate fund positions. Their filings are grouped here into 11 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Vote, on an Advisory Basis, to Approve the Company's Named Executive Officers' compensation. — MDU Resources Group, 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: MDU Resources Group, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 13, 2026.

MDU Resources Group, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

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