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Compiled from SEC Form N-PX filings and MGE Energy, Inc.’s Form 8-K, filed May 22, 2026 (Item 5.07 on EDGAR). Page generated October 18, 2026.
Meeting of May 19, 2026: 5 items on MGE Energy, Inc.’s Form 8-K, filed May 22, 2026: 5 without a stated outcome.
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 MGE Energy, Inc. in the interactive database Compare manager voting policies
These tallies are MGE Energy, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 22, 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.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: James G. Berbee | 21,071,638 | 451,915 | 247,806 | -- | 4,534,547 | 98% | Not verified | — |
| Elect Director: Londa J. Dewey | 20,822,325 | 674,656 | 274,378 | -- | 4,534,547 | 97% | Not verified | — |
| Elect Director: Angela S. Rieger | 21,179,826 | 330,755 | 260,778 | -- | 4,534,547 | 98% | Not verified | — |
| 2. Ratification of selection of PricewaterhouseCoopers LLP to serve as the company's independent registered public accounting firm for the year 2026 | 25,526,278 | 531,389 | 248,239 | -- | -- | 98% | Not verified | — |
| 3. Advisory vote on executive compensation as disclosed in the annual meeting proxy statement | 20,105,054 | 1,166,451 | 499,854 | -- | 4,534,547 | 95% | Not verified | a supermajority of the shares outstanding |
Source: MGE Energy, Inc., Form 8-K, filed with the SEC on May 22, 2026 — read the filing on EDGAR.
Each item below shows how the 319 asset managers that disclosed a MGE Energy, 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: Election of Class I Directors: Angela S. Rieger
MGE Energy, Inc.’s own tally for this item (“Elect Director: Angela S. Rieger”): 21,179,826 for, 330,755 against, per its Form 8-K filed May 22, 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: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 73 asset managers below reported 12,931,412 for, 43,809 against, 2,228 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 4,357,480 | 2 | 0 | 0 | For |
| BlackRock | 3,837,822 | 0 | 0 | 0 | For |
| State Street | 900,960 | 0 | 0 | 0 | For |
| Fidelity | 846,846 | 0 | 0 | 0 | For |
| First Trust | 447,501 | 0 | 0 | 0 | For |
| Charles Schwab | 388,345 | 0 | 0 | 0 | For |
| Victory Capital | 341,407 | 0 | 0 | 0 | For |
| Gabelli | 248,200 | 0 | 0 | 0 | For |
| Dimensional | 169,687 | 0 | 0 | 0 | For |
| TIAA | 155,742 | 0 | 0 | 0 | For |
| WisdomTree | 97,852 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 91,453 | 0 | 0 | 0 | For |
| Invesco | 86,551 | 0 | 0 | 0 | For |
| ProShares | 85,366 | 0 | 0 | 0 | For |
| Equitable | 52,627 | 23,870 | 0 | 0 | Mixed |
| Jackson National | 64,882 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 60,010 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 56,266 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 50,472 | 0 | 0 | 0 | For |
| Goldman Sachs | 47,032 | 0 | 0 | 0 | For |
| Prudential/PGIM | 35,814 | 0 | 0 | 0 | For |
| American Century | 34,352 | 0 | 0 | 0 | For |
| BNY Mellon | 32,639 | 0 | 0 | 0 | For |
| JPMorgan | 31,682 | 0 | 0 | 0 | For |
| Principal | 31,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 73 asset managers. See all 73 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: Election of Class I Directors: James G. Berbee
MGE Energy, Inc.’s own tally for this item (“Elect Director: James G. Berbee”): 21,071,638 for, 451,915 against, per its Form 8-K filed May 22, 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: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 73 asset managers below reported 12,931,409 for, 43,813 against, 2,228 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 4,357,477 | 6 | 0 | 0 | For |
| BlackRock | 3,837,822 | 0 | 0 | 0 | For |
| State Street | 900,960 | 0 | 0 | 0 | For |
| Fidelity | 846,846 | 0 | 0 | 0 | For |
| First Trust | 447,501 | 0 | 0 | 0 | For |
| Charles Schwab | 388,345 | 0 | 0 | 0 | For |
| Victory Capital | 341,407 | 0 | 0 | 0 | For |
| Gabelli | 248,200 | 0 | 0 | 0 | For |
| Dimensional | 169,687 | 0 | 0 | 0 | For |
| TIAA | 155,742 | 0 | 0 | 0 | For |
| WisdomTree | 97,852 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 91,453 | 0 | 0 | 0 | For |
| Invesco | 86,551 | 0 | 0 | 0 | For |
| ProShares | 85,366 | 0 | 0 | 0 | For |
| Equitable | 52,627 | 23,870 | 0 | 0 | Mixed |
| Jackson National | 64,882 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 60,010 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 56,266 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 50,472 | 0 | 0 | 0 | For |
| Goldman Sachs | 47,032 | 0 | 0 | 0 | For |
| Prudential/PGIM | 35,814 | 0 | 0 | 0 | For |
| American Century | 34,352 | 0 | 0 | 0 | For |
| BNY Mellon | 32,639 | 0 | 0 | 0 | For |
| JPMorgan | 31,682 | 0 | 0 | 0 | For |
| Principal | 31,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.
Combines 5 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: Election of Class I Directors: Londa J. Dewey
MGE Energy, Inc.’s own tally for this item (“Elect Director: Londa J. Dewey”): 20,822,325 for, 674,656 against, per its Form 8-K filed May 22, 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: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 73 asset managers below reported 12,930,690 for, 44,533 against, 2,228 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 4,357,476 | 8 | 0 | 0 | For |
| BlackRock | 3,837,822 | 0 | 0 | 0 | For |
| State Street | 900,905 | 55 | 0 | 0 | For |
| Fidelity | 846,846 | 0 | 0 | 0 | For |
| First Trust | 447,501 | 0 | 0 | 0 | For |
| Charles Schwab | 388,345 | 0 | 0 | 0 | For |
| Victory Capital | 341,407 | 0 | 0 | 0 | For |
| Gabelli | 248,200 | 0 | 0 | 0 | For |
| Dimensional | 169,687 | 0 | 0 | 0 | For |
| TIAA | 155,742 | 0 | 0 | 0 | For |
| WisdomTree | 97,852 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 91,453 | 0 | 0 | 0 | For |
| Invesco | 86,551 | 0 | 0 | 0 | For |
| ProShares | 85,366 | 0 | 0 | 0 | For |
| Equitable | 52,627 | 23,870 | 0 | 0 | Mixed |
| Jackson National | 64,882 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 60,010 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 56,266 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 50,472 | 0 | 0 | 0 | For |
| Goldman Sachs | 47,032 | 0 | 0 | 0 | For |
| Prudential/PGIM | 35,814 | 0 | 0 | 0 | For |
| American Century | 34,352 | 0 | 0 | 0 | For |
| BNY Mellon | 32,639 | 0 | 0 | 0 | For |
| JPMorgan | 31,682 | 0 | 0 | 0 | For |
| Principal | 31,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 73 asset managers. See all 73 in the interactive database.
Combines 10 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
Description as filed by funds: Advisory Vote: Approval of the compensation of the named executive officers as disclosed in the proxy statement under the heading "Executive Compensation."
MGE Energy, Inc.’s own tally for this item (“3. Advisory vote on executive compensation as disclosed in the annual meeting proxy statement”): 20,105,054 for, 1,166,451 against, per its Form 8-K filed May 22, 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: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Voting standard, as the filing states it: a supermajority of the shares outstanding (“10% of outstanding”).
Also reported under other wordings, matched to the same row of MGE Energy, Inc.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Advisory Vote to Ratify Named Executive Officers' Compensation” (6 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).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 4,357,469 | 11 | 2 | 0 | For |
| BlackRock | 3,837,822 | 0 | 0 | 0 | For |
| State Street | 900,960 | 0 | 0 | 0 | For |
| Fidelity | 846,846 | 0 | 0 | 0 | For |
| First Trust | 447,501 | 0 | 0 | 0 | For |
| Charles Schwab | 388,345 | 0 | 0 | 0 | For |
| Victory Capital | 341,407 | 0 | 0 | 0 | For |
| Gabelli | 248,200 | 0 | 0 | 0 | For |
| Dimensional | 169,687 | 0 | 0 | 0 | For |
| TIAA | 155,742 | 0 | 0 | 0 | For |
| WisdomTree | 97,852 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 91,453 | 0 | 0 | 0 | For |
| Invesco | 86,551 | 0 | 0 | 0 | For |
| ProShares | 85,366 | 0 | 0 | 0 | For |
| Equitable | 76,497 | 0 | 0 | 0 | For |
| Jackson National | 64,882 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 60,010 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 56,266 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 50,472 | 0 | 0 | 0 | For |
| Goldman Sachs | 47,032 | 0 | 0 | 0 | For |
| Prudential/PGIM | 35,814 | 0 | 0 | 0 | For |
| American Century | 34,352 | 0 | 0 | 0 | For |
| BNY Mellon | 32,639 | 0 | 0 | 0 | For |
| JPMorgan | 0 | 31,682 | 0 | 0 | Against |
| Principal | 31,395 | 0 | 0 | 0 | For |
Fund voting reports, all 71 managers: 12,915,944 for, 31,693 against, 2,230 abstained. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| State Street | 1,760,385 | 1,240 | 0 | 0 | For |
| BlackRock | 1,498,572 | 301 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 915,595 | 0 | 0 | 0 | For |
| Victory Capital | 418,415 | 0 | 0 | 0 | For |
| Charles Schwab | 418,235 | 0 | 0 | 0 | For |
| Northern Trust | 328,811 | 0 | 0 | 0 | For |
| Vanguard | 319,988 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 233,301 | 0 | 0 | 0 | For |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | 225,088 | 0 | 0 | 0 | For |
| PRINCIPAL GLOBAL INVESTORS | 178,446 | 0 | 0 | 0 | For |
| Nuveen | 163,456 | 0 | 0 | 0 | For |
| DEPRINCE RACE & ZOLLO INC | 134,377 | 0 | 0 | 0 | For |
| PUBLIC SECTOR PENSION INVESTMENT BOARD | 130,668 | 0 | 0 | 0 | For |
| PARAMETRIC PORTFOLIO ASSOCIATES LLC | 128,135 | 0 | 0 | 0 | For |
| T. Rowe Price | 118,636 | 0 | 0 | 0 | For |
| Goldman Sachs | 113,286 | 0 | 0 | 0 | For |
| Legal & General Investment Management Ltd | 2,116 | 98,389 | 0 | 0 | Against |
| Dimensional | 92,813 | 0 | 0 | 0 | For |
| Legal & General Investment Management America Inc | 0 | 87,152 | 0 | 0 | Against |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 74,780 | 0 | 0 | 0 | For |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 70,924 | 0 | 0 | 0 | For |
| Two Sigma | 63,955 | 0 | 0 | 0 | For |
| UBS | 0 | 58,350 | 0 | 0 | Against |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA | 57,753 | 0 | 0 | 0 | For |
| BNY Mellon | 53,822 | 0 | 0 | 0 | For |
Institutional-manager reports, all 264 managers: 8,598,451 for, 319,963 against, 1,256 abstained, 4,019 not voted. Showing the 25 largest; see all 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: Ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the year 2026.
MGE Energy, Inc.’s own tally for this item (“2. Ratification of selection of PricewaterhouseCoopers LLP to serve as the company's independent registered public accounting firm for the year 2026”): 25,526,278 for, 531,389 against, per its Form 8-K filed May 22, 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: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 73 asset managers below reported 12,965,388 for, 9,835 against, 2,228 abstained.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 4,350,426 | 7,057 | 0 | 0 | For |
| BlackRock | 3,837,822 | 0 | 0 | 0 | For |
| State Street | 900,905 | 55 | 0 | 0 | For |
| Fidelity | 846,846 | 0 | 0 | 0 | For |
| First Trust | 447,501 | 0 | 0 | 0 | For |
| Charles Schwab | 388,345 | 0 | 0 | 0 | For |
| Victory Capital | 341,407 | 0 | 0 | 0 | For |
| Gabelli | 248,200 | 0 | 0 | 0 | For |
| Dimensional | 169,687 | 0 | 0 | 0 | For |
| TIAA | 155,742 | 0 | 0 | 0 | For |
| WisdomTree | 97,852 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 91,453 | 0 | 0 | 0 | For |
| Invesco | 86,551 | 0 | 0 | 0 | For |
| ProShares | 85,366 | 0 | 0 | 0 | For |
| Equitable | 76,497 | 0 | 0 | 0 | For |
| Jackson National | 64,882 | 0 | 0 | 0 | For |
| QUANTITATIVE MASTER SERIES LLC | 60,010 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 56,266 | 0 | 0 | 0 | For |
| AMERICAN BEACON FUNDS | 50,472 | 0 | 0 | 0 | For |
| Goldman Sachs | 47,032 | 0 | 0 | 0 | For |
| Prudential/PGIM | 35,814 | 0 | 0 | 0 | For |
| American Century | 34,352 | 0 | 0 | 0 | For |
| BNY Mellon | 32,639 | 0 | 0 | 0 | For |
| JPMorgan | 31,682 | 0 | 0 | 0 | For |
| Principal | 31,395 | 0 | 0 | 0 | For |
Showing the 25 largest of 73 asset managers. See all 73 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 36,756,422 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 11.86% |
| 2 | BlackRock | 10.44% |
| 3 | State Street | 2.45% |
| 4 | Fidelity | 2.30% |
| 5 | First Trust | 1.22% |
| 6 | Charles Schwab | 1.06% |
| 7 | Victory Capital | 0.93% |
| 8 | Gabelli | 0.68% |
| 9 | Dimensional | 0.46% |
| 10 | TIAA | 0.42% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | State Street | 4.79% |
| 2 | BlackRock | 4.08% |
| 3 | GEODE CAPITAL MANAGEMENT, LLC | 2.49% |
| 4 | Victory Capital | 1.14% |
| 5 | Charles Schwab | 1.14% |
| 6 | Northern Trust | 0.89% |
| 7 | Vanguard | 0.87% |
| 8 | MELLON INVESTMENTS Corp | 0.63% |
| 9 | SILVERCREST ASSET MANAGEMENT GROUP LLC | 0.61% |
| 10 | PRINCIPAL GLOBAL INVESTORS | 0.49% |
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 |
|---|---|---|
| BlackRock | 14.85% | 13F |
| Vanguard Group | 12.38% | 13F |
| Vanguard Portfolio Management | 7.31% | 13G |
| State Street | 5.22% | 13F |
| Dimensional Fund Advisors | 1.86% | 13F |
| Charles Schwab | 1.14% | 13F |
| Northern Trust | 0.98% | 13F |
| Morgan Stanley | 0.89% | 13F |
| BNY Mellon | 0.87% | 13F |
| Goldman Sachs | 0.62% | 13F |
Percentages above are of 36,756,422 shares outstanding, as reported by MGE Energy, 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.
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 MGE Energy, 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 MGE Energy, Inc.'s shareholder meeting held May 19, 2026, in the 2025-2026 proxy season, 319 asset managers reported how they voted on 5 ballot items in their SEC Form N-PX filings, covering 1,758 separate fund positions. On the most widely held item on that ballot — Advisory Vote: Approval of the compensation of the named executive officers as disclosed in the… — FOR was 95% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: MGE Energy, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 22, 2026.
MGE Energy, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).
Download data (CSV): ballot items · votes by manager · column guide.