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Compiled from SEC Form N-PX filings and Nasdaq, Inc.’s Form 8-K, filed June 16, 2025 (Item 5.07 on EDGAR). Page generated October 14, 2026.
Meeting of June 11, 2025: 15 items on Nasdaq, Inc.’s Form 8-K, filed June 16, 2025: 15 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 Nasdaq, Inc. in the interactive database Compare manager voting policies
These tallies are Nasdaq, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed June 16, 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: Melissa M. Arnoldi | 390,408,725 | 677,809 | 236,098 | -- | 24,966,220 | 99.8% | Not verified | — |
| Elect Director: Charlene T. Begley | 380,419,863 | 10,665,190 | 237,579 | -- | 24,966,220 | 97% | Not verified | — |
| Elect Director: Adena T. Friedman | 368,013,975 | 20,261,144 | 3,047,513 | -- | 24,966,220 | 95% | Not verified | — |
| Elect Director: Essa Kazim | 389,440,021 | 1,629,794 | 252,817 | -- | 24,966,220 | 99.5% | Not verified | — |
| Elect Director: Thomas A. Kloet | 387,025,140 | 4,016,685 | 280,807 | -- | 24,966,220 | 99% | Not verified | — |
| Elect Director: Kathryn A. Koch | 390,465,740 | 616,692 | 240,200 | -- | 24,966,220 | 99.8% | Not verified | — |
| Elect Director: Holden Spaht | 390,750,585 | 269,846 | 302,201 | -- | 24,966,220 | 99.9% | Not verified | — |
| Elect Director: Michael R. Splinter | 378,571,117 | 12,457,643 | 293,872 | -- | 24,966,220 | 97% | Not verified | — |
| Elect Director: Johan Torgeby | 390,720,007 | 287,042 | 315,583 | -- | 24,966,220 | 99.9% | Not verified | — |
| Elect Director: Toni Townes-Whitley | 390,222,385 | 863,365 | 236,882 | -- | 24,966,220 | 99.7% | Not verified | — |
| Elect Director: Jeffery W. Yabuki | 383,559,867 | 7,297,368 | 465,397 | -- | 24,966,220 | 98% | Not verified | — |
| Elect Director: Alfred W. Zollar | 390,293,642 | 560,676 | 468,314 | -- | 24,966,220 | 99.8% | Not verified | — |
| 2. Approval of the Company's Executive Compensation on an Advisory Basis | 374,959,617 | 15,236,717 | 1,126,298 | -- | 24,966,220 | 96% | Not verified | — |
| 3. Ratification of the Appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2025 | 393,774,323 | 22,299,446 | 215,083 | -- | -- | 95% | Not verified | — |
| 4. Approval of an Amendment to the Company's Amended and Restated Certificate of Incorporation to Allow for the Limited Exculpation of Officers of the Company | 353,204,032 | 37,846,944 | 271,656 | -- | 24,966,220 | 90% | Not verified | — |
Source: Nasdaq, Inc., Form 8-K, filed with the SEC on June 16, 2025 — read the filing on EDGAR.
Each item below shows how the 784 asset managers that disclosed a Nasdaq, 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.
95% Majority: yes · of votes cast
Description as filed by funds: Election 12 Directors: Adena T. Friedman
Nasdaq, Inc.’s own tally for this item (“Elect Director: Adena T. Friedman”): 368,013,975 for, 20,261,144 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 157 asset managers below reported 142,113,778 for, 80,899 against, 40,158 abstained, 216 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 49,088,011 | 17 | 2 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,080,635 | 0 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 7,050,000 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,840 | 34 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,357,340 | 0 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 1,374,553 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 893,169 | 0 | 0 | 0 | For |
| Brighthouse | 735,364 | 0 | 40,156 | 0 | Mixed |
| Lincoln Financial | 700,673 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 667,136 | 0 | 0 | 0 | For |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99.8% Majority: yes · of votes cast
Description as filed by funds: Election 12 Directors: Alfred W. Zollar
Nasdaq, Inc.’s own tally for this item (“Elect Director: Alfred W. Zollar”): 390,293,642 for, 560,676 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 157 asset managers below reported 142,126,567 for, 68,112 against, 40,156 abstained, 216 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 49,088,029 | 1 | 0 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,080,635 | 0 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 7,050,000 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,874 | 0 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,357,340 | 0 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 1,374,553 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 893,169 | 0 | 0 | 0 | For |
| Brighthouse | 735,364 | 0 | 40,156 | 0 | Mixed |
| Lincoln Financial | 700,673 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 667,136 | 0 | 0 | 0 | For |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Showing the 25 largest of 157 asset managers. See all 157 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 12 Directors: Charlene T. Begley
Nasdaq, Inc.’s own tally for this item (“Elect Director: Charlene T. Begley”): 380,419,863 for, 10,665,190 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 157 asset managers below reported 142,096,552 for, 98,127 against, 40,156 abstained, 216 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 49,088,021 | 9 | 0 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,080,635 | 0 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 7,050,000 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,797 | 77 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,357,340 | 0 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 1,374,553 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 893,169 | 0 | 0 | 0 | For |
| Brighthouse | 735,364 | 0 | 40,156 | 0 | Mixed |
| Lincoln Financial | 700,673 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 667,136 | 0 | 0 | 0 | For |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99.5% Majority: yes · of votes cast
Description as filed by funds: Election 12 Directors: Essa Kazim
Nasdaq, Inc.’s own tally for this item (“Elect Director: Essa Kazim”): 389,440,021 for, 1,629,794 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 157 asset managers below reported 142,176,460 for, 18,220 against, 40,156 abstained, 216 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 49,088,028 | 2 | 0 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,080,635 | 0 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 7,050,000 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,874 | 0 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,357,340 | 0 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 1,374,553 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 893,169 | 0 | 0 | 0 | For |
| Brighthouse | 735,364 | 0 | 40,156 | 0 | Mixed |
| Lincoln Financial | 700,673 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 667,136 | 0 | 0 | 0 | For |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99.9% Majority: yes · of votes cast
Description as filed by funds: Election 12 Directors: Holden Spaht
Nasdaq, Inc.’s own tally for this item (“Elect Director: Holden Spaht”): 390,750,585 for, 269,846 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 157 asset managers below reported 142,194,679 for, 0 against, 40,156 abstained, 216 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 49,088,029 | 0 | 0 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,080,635 | 0 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 7,050,000 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,874 | 0 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,357,340 | 0 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 1,374,553 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 893,169 | 0 | 0 | 0 | For |
| Brighthouse | 735,364 | 0 | 40,156 | 0 | Mixed |
| Lincoln Financial | 700,673 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 667,136 | 0 | 0 | 0 | For |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Showing the 25 largest of 157 asset managers. See all 157 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 12 Directors: Jeffery W. Yabuki
Nasdaq, Inc.’s own tally for this item (“Elect Director: Jeffery W. Yabuki”): 383,559,867 for, 7,297,368 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 157 asset managers below reported 142,129,294 for, 65,385 against, 40,156 abstained, 216 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 49,088,023 | 7 | 0 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,080,635 | 0 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 7,050,000 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,874 | 0 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,357,340 | 0 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 1,374,553 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 893,169 | 0 | 0 | 0 | For |
| Brighthouse | 735,364 | 0 | 40,156 | 0 | Mixed |
| Lincoln Financial | 700,673 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 667,136 | 0 | 0 | 0 | For |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99.9% Majority: yes · of votes cast
Description as filed by funds: Election 12 Directors: Johan Torgeby
Nasdaq, Inc.’s own tally for this item (“Elect Director: Johan Torgeby”): 390,720,007 for, 287,042 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 157 asset managers below reported 142,184,057 for, 0 against, 50,778 abstained, 216 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 49,088,029 | 0 | 0 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,080,635 | 0 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 7,050,000 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,874 | 0 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,357,340 | 0 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 1,374,553 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 893,169 | 0 | 0 | 0 | For |
| Brighthouse | 735,364 | 0 | 40,156 | 0 | Mixed |
| Lincoln Financial | 700,673 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 667,136 | 0 | 0 | 0 | For |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99.8% Majority: yes · of votes cast
Description as filed by funds: Election 12 Directors: Kathryn A. Koch
Nasdaq, Inc.’s own tally for this item (“Elect Director: Kathryn A. Koch”): 390,465,740 for, 616,692 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 157 asset managers below reported 142,129,301 for, 65,379 against, 40,156 abstained, 216 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 49,088,029 | 1 | 0 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,080,635 | 0 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 7,050,000 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,874 | 0 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,357,340 | 0 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 1,374,553 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 893,169 | 0 | 0 | 0 | For |
| Brighthouse | 735,364 | 0 | 40,156 | 0 | Mixed |
| Lincoln Financial | 700,673 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 667,136 | 0 | 0 | 0 | For |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.
Combines 6 wordings of this item as funds reported it.
99.8% Majority: yes · of votes cast
Description as filed by funds: Election 12 Directors: Melissa M. Arnoldi
Nasdaq, Inc.’s own tally for this item (“Elect Director: Melissa M. Arnoldi”): 390,408,725 for, 677,809 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 157 asset managers below reported 142,145,200 for, 49,479 against, 40,156 abstained, 216 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 49,088,029 | 1 | 0 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,080,635 | 0 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 7,050,000 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,874 | 0 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,357,340 | 0 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 1,374,553 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 893,169 | 0 | 0 | 0 | For |
| Brighthouse | 735,364 | 0 | 40,156 | 0 | Mixed |
| Lincoln Financial | 700,673 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 667,136 | 0 | 0 | 0 | For |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Showing the 25 largest of 157 asset managers. See all 157 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 12 Directors: Michael R. Splinter
Nasdaq, Inc.’s own tally for this item (“Elect Director: Michael R. Splinter”): 378,571,117 for, 12,457,643 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 157 asset managers below reported 142,058,832 for, 135,847 against, 40,156 abstained, 216 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 49,088,018 | 12 | 0 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,080,635 | 0 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 7,050,000 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,797 | 77 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,357,340 | 0 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 1,374,553 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 893,169 | 0 | 0 | 0 | For |
| Brighthouse | 735,364 | 0 | 40,156 | 0 | Mixed |
| Lincoln Financial | 700,673 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 667,136 | 0 | 0 | 0 | For |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Showing the 25 largest of 157 asset managers. See all 157 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: Election 12 Directors: Thomas A. Kloet
Nasdaq, Inc.’s own tally for this item (“Elect Director: Thomas A. Kloet”): 387,025,140 for, 4,016,685 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 157 asset managers below reported 142,138,740 for, 55,939 against, 40,156 abstained, 216 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 49,088,026 | 4 | 0 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,080,635 | 0 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 7,050,000 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,874 | 0 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,357,340 | 0 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 1,374,553 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 893,169 | 0 | 0 | 0 | For |
| Brighthouse | 735,364 | 0 | 40,156 | 0 | Mixed |
| Lincoln Financial | 700,673 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 667,136 | 0 | 0 | 0 | For |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.
Combines 5 wordings of this item as funds reported it.
99.7% Majority: yes · of votes cast
Description as filed by funds: Election 12 Directors: Toni Townes-Whitley
Nasdaq, Inc.’s own tally for this item (“Elect Director: Toni Townes-Whitley”): 390,222,385 for, 863,365 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.7% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 157 asset managers below reported 142,129,300 for, 65,379 against, 40,156 abstained, 216 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 49,088,029 | 1 | 0 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,080,635 | 0 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 7,050,000 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,874 | 0 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,357,340 | 0 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 1,374,553 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 893,169 | 0 | 0 | 0 | For |
| Brighthouse | 735,364 | 0 | 40,156 | 0 | Mixed |
| Lincoln Financial | 700,673 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 667,136 | 0 | 0 | 0 | For |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Showing the 25 largest of 157 asset managers. See all 157 in the interactive database.
Combines 5 wordings of this item as funds reported it.
90% Majority: yes · of votes cast
Description as filed by funds: APPROVAL OF AN AMENDMENT TO THE COMPANY'S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO PROVIDE FOR LIMITED OFFICER EXCULPATION
Nasdaq, Inc.’s own tally for this item (“4. Approval of an Amendment to the Company's Amended and Restated Certificate of Incorporation to Allow for the Limited Exculpation of Officers of the Company”): 353,204,032 for, 37,846,944 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 90% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Also reported under other wordings, matched to the same row of Nasdaq, Inc.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Approve Article Amendments” (3 managers, 1,828 for, 18 against).
The 158 asset managers below reported 130,749,677 for, 11,443,805 against, 41,376 abstained, 216 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 48,968,431 | 119,599 | 0 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,068,405 | 12,230 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 0 | 7,050,000 | 0 | 0 | Against |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,405 | 469 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,356,923 | 417 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 0 | 1,374,553 | 0 | 0 | Against |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 854,249 | 38,920 | 0 | 0 | For |
| Brighthouse | 675,006 | 60,358 | 40,156 | 0 | Mixed |
| Lincoln Financial | 619,731 | 80,942 | 0 | 0 | Mixed |
| FRANKLIN STRATEGIC SERIES | 0 | 667,136 | 0 | 0 | Against |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Showing the 25 largest of 158 asset managers. See all 158 in the interactive database.
Combines 25 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
Description as filed by funds: Advisory vote to approve the Company's executive compensation as presented in the Proxy Statement
Nasdaq, Inc.’s own tally for this item (“2. Approval of the Company's Executive Compensation on an Advisory Basis”): 374,959,617 for, 15,236,717 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Also reported under other wordings, matched to the same row of Nasdaq, 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” (33 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “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).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 49,073,610 | 14,419 | 1 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,080,635 | 0 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 7,050,000 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,874 | 0 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,357,340 | 0 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 1,374,553 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 893,169 | 0 | 0 | 0 | For |
| Brighthouse | 735,364 | 0 | 40,156 | 0 | Mixed |
| Lincoln Financial | 700,673 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 667,136 | 0 | 0 | 0 | For |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Fund voting reports, all 154 managers: 141,586,973 for, 312,161 against, 40,157 abstained, 216 not voted. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| THOMA BRAVO, L.P. | 42,804,207 | 0 | 0 | 0 | For |
| Wellington | 30,114,129 | 0 | 0 | 0 | For |
| INVESTOR AB | 28,706,081 | 0 | 0 | 0 | For |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 24,000,855 | 0 | 0 | 0 | For |
| BlackRock | 13,413,371 | 8,410 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 11,337,236 | 0 | 0 | 0 | For |
| State Street | 11,088,873 | 0 | 0 | 0 | For |
| FRANKLIN ADVISERS INC | 8,628,026 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES L P | 8,354,344 | 0 | 0 | 0 | For |
| John Hancock | 6,163,578 | 0 | 0 | 0 | For |
| Invesco | 5,108,044 | 0 | 0 | 0 | For |
| FARALLON CAPITAL MANAGEMENT LLC | 4,475,466 | 0 | 0 | 0 | For |
| BESSEMER TRUST Co NATIONAL ASSOCIATION | 3,930,440 | 0 | 0 | 0 | For |
| Northern Trust | 3,352,231 | 0 | 0 | 0 | For |
| Nuveen | 3,105,855 | 0 | 0 | 0 | For |
| BESSEMER TRUST Co OF FLORIDA | 2,691,415 | 0 | 0 | 0 | For |
| Putnam | 2,632,992 | 0 | 0 | 0 | For |
| BESSEMER TRUST CO | 2,593,556 | 0 | 0 | 0 | For |
| Bessemer Trust CO of Delaware, N.A. | 2,557,018 | 0 | 0 | 0 | For |
| Charles Schwab | 2,434,399 | 0 | 0 | 0 | For |
| Bessemer Trust Co of Nevada, National Association | 2,340,939 | 0 | 0 | 0 | For |
| Vanguard | 2,313,957 | 0 | 0 | 0 | For |
| PRINCIPAL GLOBAL INVESTORS | 2,273,427 | 0 | 0 | 0 | For |
| Amundi | 0 | 2,253,064 | 0 | 0 | Against |
| UBS | 1,908,180 | 40,731 | 0 | 0 | For |
Institutional-manager reports, all 633 managers: 287,504,813 for, 12,217,870 against, 286,207 abstained, 52,097 not voted, 1,846 unknown. Showing the 25 largest; see all in the interactive database.
Combines 5 wordings of this item as funds reported it.
95% Majority: yes · of votes cast
Description as filed by funds: RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2025
Nasdaq, Inc.’s own tally for this item (“3. Ratification of the Appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2025”): 393,774,323 for, 22,299,446 against, per its Form 8-K filed June 16, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 162 asset managers below reported 141,648,598 for, 569,501 against, 40,156 abstained, 216 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 49,073,607 | 14,423 | 0 | 0 | For |
| MFS | 14,356,698 | 0 | 0 | 0 | For |
| BlackRock | 12,080,635 | 0 | 0 | 0 | For |
| Fidelity | 11,161,145 | 0 | 0 | 0 | For |
| FRANKLIN MANAGED TRUST | 7,050,000 | 0 | 0 | 0 | For |
| HARRIS ASSOCIATES INVESTMENT TRUST | 6,821,505 | 0 | 0 | 0 | For |
| State Street | 4,489,797 | 77 | 0 | 0 | For |
| Invesco | 3,588,386 | 0 | 0 | 0 | For |
| John Hancock | 3,113,095 | 0 | 0 | 0 | For |
| TIAA | 3,026,415 | 0 | 0 | 0 | For |
| Hartford | 2,753,750 | 0 | 0 | 0 | For |
| Charles Schwab | 2,357,340 | 0 | 0 | 0 | For |
| Jackson National | 1,637,807 | 0 | 0 | 0 | For |
| Lord Abbett | 1,597,204 | 0 | 0 | 0 | For |
| Putnam | 1,462,027 | 0 | 0 | 0 | For |
| DIAMOND HILL FUNDS | 1,374,553 | 0 | 0 | 0 | For |
| OLD WESTBURY FUNDS INC | 969,950 | 0 | 0 | 0 | For |
| Goldman Sachs | 893,169 | 0 | 0 | 0 | For |
| Brighthouse | 735,364 | 0 | 40,156 | 0 | Mixed |
| Lincoln Financial | 700,673 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 667,136 | 0 | 0 | 0 | For |
| Thrivent | 637,568 | 0 | 0 | 0 | For |
| MASTER INVESTMENT PORTFOLIO | 573,723 | 0 | 0 | 0 | For |
| Prudential/PGIM | 570,055 | 0 | 0 | 0 | For |
| WisdomTree | 563,198 | 0 | 0 | 0 | For |
Showing the 25 largest of 162 asset managers. See all 162 in the interactive database.
Not shown here: this season’s fund filings also report 1 item from the meeting of June 11, 2024, which belongs to the 2023-2024 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.
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 573,940,099 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 8.55% |
| 2 | MFS | 2.50% |
| 3 | BlackRock | 2.10% |
| 4 | Fidelity | 1.94% |
| 5 | FRANKLIN MANAGED TRUST | 1.23% |
| 6 | HARRIS ASSOCIATES INVESTMENT TRUST | 1.19% |
| 7 | State Street | 0.78% |
| 8 | Invesco | 0.63% |
| 9 | John Hancock | 0.54% |
| 10 | TIAA | 0.53% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | THOMA BRAVO, L.P. | 7.46% |
| 2 | Wellington | 5.25% |
| 3 | INVESTOR AB | 5.00% |
| 4 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 4.18% |
| 5 | BlackRock | 2.34% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 1.98% |
| 7 | State Street | 1.93% |
| 8 | FRANKLIN ADVISERS INC | 1.50% |
| 9 | HARRIS ASSOCIATES L P | 1.46% |
| 10 | John Hancock | 1.07% |
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 | 9.23% | 13F |
| BlackRock | 6.31% | 13F |
| Wellington Management | 5.70% | 13F |
| Massachusetts Financial Services Company | 5.06% | 13G |
| Argus Seller, LP | 4.44% | 13D |
| State Street | 3.19% | 13F |
| Franklin Templeton | 1.97% | 13F |
| Goldman Sachs | 1.01% | 13F |
| Morgan Stanley | 0.98% | 13F |
| Invesco | 0.96% | 13F |
Percentages above are of 573,940,099 shares outstanding, as reported by Nasdaq, Inc. on its Form 10-Q dated March 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
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 Nasdaq, Inc.’s 10-Q dated March 31, 2025. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.
At Nasdaq, Inc.'s shareholder meeting held June 11, 2025, in the 2024-2025 proxy season, 784 asset managers reported how they voted on 15 ballot items in their SEC Form N-PX filings, covering 12,134 separate fund positions. On the most widely held item on that ballot — Advisory vote to approve the Company's executive compensation as presented in the Proxy… — FOR was 96% 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: Nasdaq, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on June 16, 2025.
Nasdaq, Inc. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.
Download data (CSV): ballot items · votes by manager · column guide.