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PNM RESOURCES INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and PNM RESOURCES INC.’s Form 8-K, filed June 5, 2024 (Item 5.07 on EDGAR). Page generated October 25, 2026.

  • 14Ballot items
  • 332Asset managers
  • 4,917Fund votes
  • June 4, 2024Meeting date

Results at a glance

Meeting of June 4, 2024: 14 items on PNM RESOURCES INC.’s Form 8-K, filed June 5, 2024: 10 elected · 2 approved · 2 without a stated outcome.

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 PNM RESOURCES INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by PNM RESOURCES INC.

These tallies are PNM RESOURCES INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed June 5, 2024 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

PNM RESOURCES INC. — official shareholder meeting results, meeting held June 4, 2024
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Vicky A. Bailey 76,467,7201,325,22153,530 --2,923,333 98%Elected—
Elect Director: Norman P. Becker 76,318,0891,468,85759,525 --2,923,333 98%Elected—
Elect Director: Patricia K. Collawn 76,468,9471,318,99158,533 --2,923,333 98%Elected—
Elect Director: E. Renae Conley 76,236,1401,552,71857,613 --2,923,333 98%Elected—
Elect Director: Alan J. Fohrer 76,393,0521,392,60060,819 --2,923,333 98%Elected—
Elect Director: Sidney M. Gutierrez 77,484,744304,86956,858 --2,923,333 99.6%Elected—
Elect Director: James A. Hughes 76,065,6031,722,29758,571 --2,923,333 98%Elected—
Elect Director: Steven C. Maestas 77,510,126275,35560,990 --2,923,333 99.6%Elected—
Elect Director: Lillian J. Montoya 77,511,797275,81258,862 --2,923,333 99.6%Elected—
Elect Director: Maureen T. Mullarkey 76,331,3491,462,31652,806 --2,923,333 98%Elected—
The appointment of KPMG LLP to serve as PNMR's independent public accountants for the year ending December 31, 2024, was ratified by PNMR's shareholders by the vote indicated below: 80,327,014388,00454,786 ---- 99.5%Approved—
PNMR's shareholders approved, on an advisory basis, the compensation of PNMR's NEOs, by the vote indicated below: 65,422,58312,317,373106,515 --2,923,333 84%Approved—
Approval of an amendment to PNMR's Restated Articles of Incorporation to increase the number of authorized shares of common stock, by the vote indicated below: 78,817,2811,884,11668,407 ---- 98%Not verified—
Approval of an amendment to PNMR's Restated Articles of Incorporation to change the name of PNM Resources, Inc. to TXNM Energy, Inc., by the vote indicated below: 80,355,630291,885122,289 ---- 99.6%Not verified—

Source: PNM RESOURCES INC., Form 8-K, filed with the SEC on June 5, 2024 — read the filing on EDGAR.

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

Each item below shows how the 332 asset managers that disclosed a PNM RESOURCES INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Alan J. Fohrer

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 76,393,052AGAINST: 1,392,600
Details: description as filed, official tally, votes by 97 asset managers

Description as filed by funds: Elect as Directors the ten nominees named in the proxy statement: Alan J. Fohrer

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Alan J. Fohrer”): 76,393,052 for, 1,392,600 against, per its Form 8-K filed June 5, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following ten nominees were elected to PNMR's Board of Directors to serve as directors for a one-year term that expires at PNMR's Annual Meeting of Shareholders to be held in 2025.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 97 asset managers below reported 40,355,726 for, 14,236 against, 18,728 abstained.

FOR
FOR: 40,355,726AGAINST: 14,236ABSTAIN: 18,728
Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Alan J. Fohrer” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,302,6450 00For
BlackRock7,268,0400 00For
T. Rowe Price3,435,1430 00For
UNDISCOVERED MANAGERS FUNDS2,842,1430 00For
Fidelity2,243,2920 00For
Franklin Custodian Funds1,500,0000 00For
REAVES UTILITY INCOME FUND1,474,5220 00For
Dimensional1,242,0800 00For
Charles Schwab1,101,2830 00For
Equitable966,5660 00For
AMG Funds IV793,3170 00For
Columbia Threadneedle633,4350 00For
Gabelli568,5230 00For
State Street551,093599 00For
Calamos484,5170 00For
Invesco449,9050 00For
DWS362,6840 00For
John Hancock338,8060 00For
Jackson National333,5270 00For
Thornburg298,2660 00For
ARBITRAGE FUNDS252,5990 00For
WisdomTree238,2950 00For
TIAA232,0230 00For
ProShares222,3760 00For
Thrivent206,5480 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

2. Elect Director: E. Renae Conley

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 76,236,140AGAINST: 1,552,718
Details: description as filed, official tally, votes by 97 asset managers

Description as filed by funds: Elect as Directors the ten nominees named in the proxy statement: E. Renae Conley

PNM RESOURCES INC.’s own tally for this item (“Elect Director: E. Renae Conley”): 76,236,140 for, 1,552,718 against, per its Form 8-K filed June 5, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following ten nominees were elected to PNMR's Board of Directors to serve as directors for a one-year term that expires at PNMR's Annual Meeting of Shareholders to be held in 2025.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 97 asset managers below reported 40,206,307 for, 163,655 against, 18,728 abstained.

FOR
FOR: 40,206,307AGAINST: 163,655ABSTAIN: 18,728
Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: E. Renae Conley” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,302,6450 00For
BlackRock7,268,0400 00For
T. Rowe Price3,435,1430 00For
UNDISCOVERED MANAGERS FUNDS2,842,1430 00For
Fidelity2,243,2920 00For
Franklin Custodian Funds1,500,0000 00For
REAVES UTILITY INCOME FUND1,474,5220 00For
Dimensional1,242,0800 00For
Charles Schwab1,101,2830 00For
Equitable966,5660 00For
AMG Funds IV793,3170 00For
Columbia Threadneedle633,4350 00For
Gabelli568,5230 00For
State Street551,6920 00For
Calamos484,5170 00For
Invesco449,9050 00For
DWS362,6840 00For
John Hancock338,8060 00For
Jackson National333,5270 00For
Thornburg298,2660 00For
ARBITRAGE FUNDS252,5990 00For
WisdomTree238,2950 00For
TIAA232,0230 00For
ProShares222,3760 00For
Thrivent206,5480 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

3. Elect Director: James A. Hughes

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 76,065,603AGAINST: 1,722,297
Details: description as filed, official tally, votes by 97 asset managers

Description as filed by funds: Elect as Directors the ten nominees named in the proxy statement: James A. Hughes

PNM RESOURCES INC.’s own tally for this item (“Elect Director: James A. Hughes”): 76,065,603 for, 1,722,297 against, per its Form 8-K filed June 5, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following ten nominees were elected to PNMR's Board of Directors to serve as directors for a one-year term that expires at PNMR's Annual Meeting of Shareholders to be held in 2025.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 97 asset managers below reported 39,084,600 for, 1,285,362 against, 18,728 abstained.

FOR
FOR: 39,084,600AGAINST: 1,285,362ABSTAIN: 18,728
Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: James A. Hughes” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,302,6450 00For
BlackRock7,268,0400 00For
T. Rowe Price3,435,1430 00For
UNDISCOVERED MANAGERS FUNDS2,842,1430 00For
Fidelity2,243,2920 00For
Franklin Custodian Funds1,500,0000 00For
REAVES UTILITY INCOME FUND1,474,5220 00For
Dimensional01,242,080 00Against
Charles Schwab1,101,2830 00For
Equitable966,5660 00For
AMG Funds IV793,3170 00For
Columbia Threadneedle633,4350 00For
Gabelli568,5230 00For
State Street551,6920 00For
Calamos484,5170 00For
Invesco449,9050 00For
DWS362,6840 00For
John Hancock338,8060 00For
Jackson National313,95519,572 00Mixed
Thornburg298,2660 00For
ARBITRAGE FUNDS252,5990 00For
WisdomTree238,2950 00For
TIAA232,0230 00For
ProShares222,3760 00For
Thrivent206,5480 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

4. Elect Director: Lillian J. Montoya

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 77,511,797AGAINST: 275,812
Details: description as filed, official tally, votes by 97 asset managers

Description as filed by funds: Elect as Directors the ten nominees named in the proxy statement: Lillian J. Montoya

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Lillian J. Montoya”): 77,511,797 for, 275,812 against, per its Form 8-K filed June 5, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following ten nominees were elected to PNMR's Board of Directors to serve as directors for a one-year term that expires at PNMR's Annual Meeting of Shareholders to be held in 2025.”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 97 asset managers below reported 40,369,962 for, 18,728 abstained.

FOR
FOR: 40,369,962ABSTAIN: 18,728
Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Lillian J. Montoya” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,302,6450 00For
BlackRock7,268,0400 00For
T. Rowe Price3,435,1430 00For
UNDISCOVERED MANAGERS FUNDS2,842,1430 00For
Fidelity2,243,2920 00For
Franklin Custodian Funds1,500,0000 00For
REAVES UTILITY INCOME FUND1,474,5220 00For
Dimensional1,242,0800 00For
Charles Schwab1,101,2830 00For
Equitable966,5660 00For
AMG Funds IV793,3170 00For
Columbia Threadneedle633,4350 00For
Gabelli568,5230 00For
State Street551,6920 00For
Calamos484,5170 00For
Invesco449,9050 00For
DWS362,6840 00For
John Hancock338,8060 00For
Jackson National333,5270 00For
Thornburg298,2660 00For
ARBITRAGE FUNDS252,5990 00For
WisdomTree238,2950 00For
TIAA232,0230 00For
ProShares222,3760 00For
Thrivent206,5480 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

5. Elect Director: Maureen T. Mullarkey

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 76,331,349AGAINST: 1,462,316
Details: description as filed, official tally, votes by 97 asset managers

Description as filed by funds: Elect as Directors the ten nominees named in the proxy statement: Maureen T. Mullarkey

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Maureen T. Mullarkey”): 76,331,349 for, 1,462,316 against, per its Form 8-K filed June 5, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following ten nominees were elected to PNMR's Board of Directors to serve as directors for a one-year term that expires at PNMR's Annual Meeting of Shareholders to be held in 2025.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 97 asset managers below reported 40,218,246 for, 151,716 against, 18,728 abstained.

FOR
FOR: 40,218,246AGAINST: 151,716ABSTAIN: 18,728
Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Maureen T. Mullarkey” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,302,6450 00For
BlackRock7,268,0400 00For
T. Rowe Price3,435,1430 00For
UNDISCOVERED MANAGERS FUNDS2,842,1430 00For
Fidelity2,243,2920 00For
Franklin Custodian Funds1,500,0000 00For
REAVES UTILITY INCOME FUND1,474,5220 00For
Dimensional1,242,0800 00For
Charles Schwab1,101,2830 00For
Equitable966,5660 00For
AMG Funds IV793,3170 00For
Columbia Threadneedle633,4350 00For
Gabelli568,5230 00For
State Street551,6920 00For
Calamos484,5170 00For
Invesco449,9050 00For
DWS362,6840 00For
John Hancock338,8060 00For
Jackson National333,5270 00For
Thornburg298,2660 00For
ARBITRAGE FUNDS252,5990 00For
WisdomTree238,2950 00For
TIAA232,0230 00For
ProShares222,3760 00For
Thrivent206,5480 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

6. Elect Director: Norman P. Becker

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 76,318,089AGAINST: 1,468,857
Details: description as filed, official tally, votes by 97 asset managers

Description as filed by funds: Elect as Directors the ten nominees named in the proxy statement: Norman P. Becker

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Norman P. Becker”): 76,318,089 for, 1,468,857 against, per its Form 8-K filed June 5, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following ten nominees were elected to PNMR's Board of Directors to serve as directors for a one-year term that expires at PNMR's Annual Meeting of Shareholders to be held in 2025.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 97 asset managers below reported 40,218,246 for, 151,716 against, 18,728 abstained.

FOR
FOR: 40,218,246AGAINST: 151,716ABSTAIN: 18,728
Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Norman P. Becker” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,302,6450 00For
BlackRock7,268,0400 00For
T. Rowe Price3,435,1430 00For
UNDISCOVERED MANAGERS FUNDS2,842,1430 00For
Fidelity2,243,2920 00For
Franklin Custodian Funds1,500,0000 00For
REAVES UTILITY INCOME FUND1,474,5220 00For
Dimensional1,242,0800 00For
Charles Schwab1,101,2830 00For
Equitable966,5660 00For
AMG Funds IV793,3170 00For
Columbia Threadneedle633,4350 00For
Gabelli568,5230 00For
State Street551,6920 00For
Calamos484,5170 00For
Invesco449,9050 00For
DWS362,6840 00For
John Hancock338,8060 00For
Jackson National333,5270 00For
Thornburg298,2660 00For
ARBITRAGE FUNDS252,5990 00For
WisdomTree238,2950 00For
TIAA232,0230 00For
ProShares222,3760 00For
Thrivent206,5480 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

7. Elect Director: Patricia K. Collawn

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 76,468,947AGAINST: 1,318,991
Details: description as filed, official tally, votes by 97 asset managers

Description as filed by funds: Elect as Directors the ten nominees named in the proxy statement: Patricia K. Collawn

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Patricia K. Collawn”): 76,468,947 for, 1,318,991 against, per its Form 8-K filed June 5, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following ten nominees were elected to PNMR's Board of Directors to serve as directors for a one-year term that expires at PNMR's Annual Meeting of Shareholders to be held in 2025.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 97 asset managers below reported 40,329,823 for, 40,139 against, 18,728 abstained.

FOR
FOR: 40,329,823AGAINST: 40,139ABSTAIN: 18,728
Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Patricia K. Collawn” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,302,6450 00For
BlackRock7,268,0400 00For
T. Rowe Price3,435,1430 00For
UNDISCOVERED MANAGERS FUNDS2,842,1430 00For
Fidelity2,243,2920 00For
Franklin Custodian Funds1,500,0000 00For
REAVES UTILITY INCOME FUND1,474,5220 00For
Dimensional1,242,0800 00For
Charles Schwab1,101,2830 00For
Equitable966,5660 00For
AMG Funds IV793,3170 00For
Columbia Threadneedle633,4350 00For
Gabelli568,5230 00For
State Street551,429263 00For
Calamos484,5170 00For
Invesco449,9050 00For
DWS362,6840 00For
John Hancock338,8060 00For
Jackson National333,5270 00For
Thornburg298,2660 00For
ARBITRAGE FUNDS252,5990 00For
WisdomTree238,2950 00For
TIAA232,0230 00For
ProShares222,3760 00For
Thrivent206,5480 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

8. Elect Director: Sidney M. Gutierrez

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 77,484,744AGAINST: 304,869
Details: description as filed, official tally, votes by 97 asset managers

Description as filed by funds: Elect as Directors the ten nominees named in the proxy statement: Sidney M. Gutierrez

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Sidney M. Gutierrez”): 77,484,744 for, 304,869 against, per its Form 8-K filed June 5, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following ten nominees were elected to PNMR's Board of Directors to serve as directors for a one-year term that expires at PNMR's Annual Meeting of Shareholders to be held in 2025.”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 97 asset managers below reported 40,369,962 for, 18,728 abstained.

FOR
FOR: 40,369,962ABSTAIN: 18,728
Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Sidney M. Gutierrez” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,302,6450 00For
BlackRock7,268,0400 00For
T. Rowe Price3,435,1430 00For
UNDISCOVERED MANAGERS FUNDS2,842,1430 00For
Fidelity2,243,2920 00For
Franklin Custodian Funds1,500,0000 00For
REAVES UTILITY INCOME FUND1,474,5220 00For
Dimensional1,242,0800 00For
Charles Schwab1,101,2830 00For
Equitable966,5660 00For
AMG Funds IV793,3170 00For
Columbia Threadneedle633,4350 00For
Gabelli568,5230 00For
State Street551,6920 00For
Calamos484,5170 00For
Invesco449,9050 00For
DWS362,6840 00For
John Hancock338,8060 00For
Jackson National333,5270 00For
Thornburg298,2660 00For
ARBITRAGE FUNDS252,5990 00For
WisdomTree238,2950 00For
TIAA232,0230 00For
ProShares222,3760 00For
Thrivent206,5480 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

9. Elect Director: Steven C. Maestas

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 77,510,126AGAINST: 275,355
Details: description as filed, official tally, votes by 97 asset managers

Description as filed by funds: Elect as Directors the ten nominees named in the proxy statement: Steven C. Maestas

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Steven C. Maestas”): 77,510,126 for, 275,355 against, per its Form 8-K filed June 5, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following ten nominees were elected to PNMR's Board of Directors to serve as directors for a one-year term that expires at PNMR's Annual Meeting of Shareholders to be held in 2025.”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 97 asset managers below reported 40,369,962 for, 18,728 abstained.

FOR
FOR: 40,369,962ABSTAIN: 18,728
Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Steven C. Maestas” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,302,6450 00For
BlackRock7,268,0400 00For
T. Rowe Price3,435,1430 00For
UNDISCOVERED MANAGERS FUNDS2,842,1430 00For
Fidelity2,243,2920 00For
Franklin Custodian Funds1,500,0000 00For
REAVES UTILITY INCOME FUND1,474,5220 00For
Dimensional1,242,0800 00For
Charles Schwab1,101,2830 00For
Equitable966,5660 00For
AMG Funds IV793,3170 00For
Columbia Threadneedle633,4350 00For
Gabelli568,5230 00For
State Street551,6920 00For
Calamos484,5170 00For
Invesco449,9050 00For
DWS362,6840 00For
John Hancock338,8060 00For
Jackson National333,5270 00For
Thornburg298,2660 00For
ARBITRAGE FUNDS252,5990 00For
WisdomTree238,2950 00For
TIAA232,0230 00For
ProShares222,3760 00For
Thrivent206,5480 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

10. Elect Director: Vicky A. Bailey

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 76,467,720AGAINST: 1,325,221
Details: description as filed, official tally, votes by 97 asset managers

Description as filed by funds: Elect as Directors the ten nominees named in the proxy statement: Vicky A. Bailey

PNM RESOURCES INC.’s own tally for this item (“Elect Director: Vicky A. Bailey”): 76,467,720 for, 1,325,221 against, per its Form 8-K filed June 5, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following ten nominees were elected to PNMR's Board of Directors to serve as directors for a one-year term that expires at PNMR's Annual Meeting of Shareholders to be held in 2025.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 97 asset managers below reported 40,369,656 for, 306 against, 18,728 abstained.

FOR
FOR: 40,369,656AGAINST: 306ABSTAIN: 18,728
Largest asset managers voting on “Elect as Directors the ten nominees named in the proxy statement: Vicky A. Bailey” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,302,6450 00For
BlackRock7,268,0400 00For
T. Rowe Price3,435,1430 00For
UNDISCOVERED MANAGERS FUNDS2,842,1430 00For
Fidelity2,243,2920 00For
Franklin Custodian Funds1,500,0000 00For
REAVES UTILITY INCOME FUND1,474,5220 00For
Dimensional1,242,0800 00For
Charles Schwab1,101,2830 00For
Equitable966,5660 00For
AMG Funds IV793,3170 00For
Columbia Threadneedle633,4350 00For
Gabelli568,5230 00For
State Street551,6920 00For
Calamos484,5170 00For
Invesco449,9050 00For
DWS362,6840 00For
John Hancock338,8060 00For
Jackson National333,5270 00For
Thornburg298,2660 00For
ARBITRAGE FUNDS252,5990 00For
WisdomTree238,2950 00For
TIAA232,0230 00For
ProShares222,3760 00For
Thrivent206,5480 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

11. Approval of an amendment to PNMR's Restated Articles of Incorporation to change the name of PNM Resources, Inc. to TXNM…

Outcome not verifiedCORPORATE GOVERNANCEReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 80,355,630AGAINST: 291,885
Details: description as filed, official tally, votes by 97 asset managers

Description as filed by funds: APPROVE AN AMENDMENT TO OUR RESTATED ARTICLES OF INCORPORATION TO CHANGE OUR NAME TO TXNM ENERGY, INC.

PNM RESOURCES INC.’s own tally for this item (“Approval of an amendment to PNMR's Restated Articles of Incorporation to change the name of PNM Resources, Inc. to TXNM Energy, Inc., by the vote indicated below:”): 80,355,630 for, 291,885 against, per its Form 8-K filed June 5, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 97 asset managers below reported 40,369,962 for, 18,728 abstained.

FOR
FOR: 40,369,962ABSTAIN: 18,728
Largest asset managers voting on “APPROVE AN AMENDMENT TO OUR RESTATED ARTICLES OF INCORPORATION TO CHANGE OUR NAME TO TXNM ENERGY, INC.” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,302,6450 00For
BlackRock7,268,0400 00For
T. Rowe Price3,435,1430 00For
UNDISCOVERED MANAGERS FUNDS2,842,1430 00For
Fidelity2,243,2920 00For
Franklin Custodian Funds1,500,0000 00For
REAVES UTILITY INCOME FUND1,474,5220 00For
Dimensional1,242,0800 00For
Charles Schwab1,101,2830 00For
Equitable966,5660 00For
AMG Funds IV793,3170 00For
Columbia Threadneedle633,4350 00For
Gabelli568,5230 00For
State Street551,6920 00For
Calamos484,5170 00For
Invesco449,9050 00For
DWS362,6840 00For
John Hancock338,8060 00For
Jackson National333,5270 00For
Thornburg298,2660 00For
ARBITRAGE FUNDS252,5990 00For
WisdomTree238,2950 00For
TIAA232,0230 00For
ProShares222,3760 00For
Thrivent206,5480 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

12. Approval of an amendment to PNMR's Restated Articles of Incorporation to increase the number of authorized shares of…

Outcome not verifiedCAPITAL STRUCTUREReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 78,817,281AGAINST: 1,884,116
Details: description as filed, official tally, votes by 98 asset managers

Description as filed by funds: APPROVE AN AMENDMENT TO OUR RESTATED ARTICLES OF INCORPORATION TO INCREASE THE AUTHORIZED SHARES OF COMMON STOCK.

PNM RESOURCES INC.’s own tally for this item (“Approval of an amendment to PNMR's Restated Articles of Incorporation to increase the number of authorized shares of common stock, by the vote indicated below:”): 78,817,281 for, 1,884,116 against, per its Form 8-K filed June 5, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: 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 98 asset managers below reported 40,218,667 for, 169,134 against, 1,267 abstained.

FOR
FOR: 40,218,667AGAINST: 169,134ABSTAIN: 1,267
Largest asset managers voting on “APPROVE AN AMENDMENT TO OUR RESTATED ARTICLES OF INCORPORATION TO INCREASE THE AUTHORIZED SHARES OF COMMON STO” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,302,6450 00For
BlackRock7,268,0400 00For
T. Rowe Price3,435,1430 00For
UNDISCOVERED MANAGERS FUNDS2,842,1430 00For
Fidelity2,243,2920 00For
Franklin Custodian Funds1,500,0000 00For
REAVES UTILITY INCOME FUND1,474,5220 00For
Dimensional1,242,0800 00For
Charles Schwab1,101,2830 00For
Equitable966,5660 00For
AMG Funds IV793,3170 00For
Columbia Threadneedle633,4350 00For
Gabelli568,5230 00For
State Street551,429263 00For
Calamos484,5170 00For
Invesco449,9050 00For
DWS362,6840 00For
John Hancock338,8060 00For
Jackson National333,5270 00For
Thornburg298,2660 00For
ARBITRAGE FUNDS252,5990 00For
WisdomTree238,2950 00For
TIAA232,0230 00For
ProShares222,3760 00For
Thrivent206,5480 00For

Showing the 25 largest of 98 asset managers. See all 98 in the interactive database.

13. PNMR's shareholders approved, on an advisory basis, the compensation of PNMR's NEOs, by the vote indicated below:

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

Combines 6 wordings of this item as funds reported it.

84% Approved · of votes cast

FOR 84%AGAINST
FOR: 65,422,583AGAINST: 12,317,373
Details: description as filed, official tally, votes by 323 asset managers

Description as filed by funds: APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.

PNM RESOURCES INC.’s own tally for this item (“PNMR's shareholders approved, on an advisory basis, the compensation of PNMR's NEOs, by the vote indicated below:”): 65,422,583 for, 12,317,373 against — passed, per its Form 8-K filed June 5, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “PNMR's shareholders approved, on an advisory basis, the compensation of PNMR's NEOs, by the vote indicated below:”
Support: 84% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of PNM RESOURCES 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” (9 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: 94 asset managers voting on “APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,302,6450 00For
BlackRock7,268,0400 00For
T. Rowe Price3,435,1430 00For
UNDISCOVERED MANAGERS FUNDS2,842,1430 00For
Fidelity2,061,154182,138 00Mixed
Franklin Custodian Funds1,500,0000 00For
REAVES UTILITY INCOME FUND1,474,5220 00For
Dimensional01,242,080 00Against
Charles Schwab1,101,2830 00For
Equitable966,5660 00For
AMG Funds IV0793,317 00Against
Columbia Threadneedle633,4350 00For
Gabelli568,5230 00For
State Street549,5102,182 00For
Calamos484,5170 00For
Invesco449,9050 00For
DWS362,6840 00For
John Hancock338,8060 00For
Jackson National172,776160,751 00Mixed
Thornburg298,2660 00For
ARBITRAGE FUNDS252,5990 00For
WisdomTree238,2950 00For
TIAA232,0230 00For
ProShares222,3760 00For
Thrivent206,5480 00For

Fund voting reports, all 94 managers: 37,086,538 for, 3,061,062 against, 18,728 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 255 asset managers voting on “APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
T. Rowe Price5,236,0470 00For
BlackRock3,640,53534,840 00For
FULLER & THALER ASSET MANAGEMENT, INC.3,134,4950 00For
State Street2,903,7812,182 00For
River Road Asset Management, LLC02,522,233 00Against
Zimmer Partners, LP2,090,1570 00For
GEODE CAPITAL MANAGEMENT, LLC1,909,6650 00For
Point721,804,0850 00For
FRANKLIN ADVISERS INC1,500,0000 00For
Hudson Bay Capital Management LP1,484,3590 00For
Wellington1,426,1360 00For
Gabelli1,265,1890 00For
Empyrean Capital Partners, LP01,170,429 00Against
Charles Schwab1,126,9640 00For
Northern Trust935,52561 00For
MELLON INVESTMENTS Corp903,6370 00For
STATE OF WISCONSIN INVESTMENT BOARD713,1900 00For
RAYMOND JAMES & ASSOCIATES0643,579 00Against
Prudential/PGIM0574,314 00Against
Invesco495,3850 00For
Renaissance473,5890 00For
Clean Energy Transition LLP0440,636 00Against
Two Sigma415,3400 00For
Newton Investment Management North America, LLC412,0840 00For
Alpha Wave Global, LP410,4960 00For

Institutional-manager reports, all 255 managers: 39,050,542 for, 7,818,556 against, 44 abstained, 643 not voted, 49,343 unknown. Showing the 25 largest; see all in the interactive database.

14. The appointment of KPMG LLP to serve as PNMR's independent public accountants for the year ending December 31, 2024…

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 4 wordings of this item as funds reported it.

99.5% Approved · of votes cast

FOR 99.5%
FOR: 80,327,014AGAINST: 388,004
Details: description as filed, official tally, votes by 97 asset managers

Description as filed by funds: RATIFY THE APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2024.

PNM RESOURCES INC.’s own tally for this item (“The appointment of KPMG LLP to serve as PNMR's independent public accountants for the year ending December 31, 2024, was ratified by PNMR's shareholders by the vote indicated below:”): 80,327,014 for, 388,004 against — passed, per its Form 8-K filed June 5, 2024 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The appointment of KPMG LLP to serve as PNMR's independent public accountants for the year ending December 31, 2024, was ratified by PNMR's shareholders by the vote indicated below:”
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 97 asset managers below reported 40,367,766 for, 1,394 against, 18,728 abstained.

FOR
FOR: 40,367,766AGAINST: 1,394ABSTAIN: 18,728
Largest asset managers voting on “RATIFY THE APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2024.” at PNM RESOURCES INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard9,302,6450 00For
BlackRock7,268,0400 00For
T. Rowe Price3,435,1430 00For
UNDISCOVERED MANAGERS FUNDS2,842,1430 00For
Fidelity2,243,2920 00For
Franklin Custodian Funds1,500,0000 00For
REAVES UTILITY INCOME FUND1,474,5220 00For
Dimensional1,242,0800 00For
Charles Schwab1,101,2830 00For
Equitable966,5660 00For
AMG Funds IV793,3170 00For
Columbia Threadneedle633,4350 00For
Gabelli568,5230 00For
State Street551,093599 00For
Calamos484,5170 00For
Invesco449,9050 00For
DWS362,6840 00For
John Hancock338,8060 00For
Jackson National333,5270 00For
Thornburg298,2660 00For
ARBITRAGE FUNDS252,5990 00For
WisdomTree238,2950 00For
TIAA232,0230 00For
ProShares222,3760 00For
Thrivent206,5480 00For

Showing the 25 largest of 97 asset managers. See all 97 in the interactive database.

Largest PNM RESOURCES INC. shareholders voting in 2023-2024

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 90,200,384 shares outstanding at the time of that meeting.

Fund voting reports: top PNM RESOURCES INC. shareholders by shares voted on “APPROVE AN AMENDMENT TO OUR RESTATED ARTICLES OF INCORPORATION TO INCREASE THE AUTHORIZED…”, 2023-2024
#Asset manager % of shares outstanding
1Vanguard 10.31%
2BlackRock 8.06%
3T. Rowe Price 3.81%
4UNDISCOVERED MANAGERS FUNDS 3.15%
5Fidelity 2.49%
6Franklin Custodian Funds 1.66%
7REAVES UTILITY INCOME FUND 1.63%
8Dimensional 1.38%
9Charles Schwab 1.22%
10Equitable 1.07%
Institutional-manager reports: top PNM RESOURCES INC. shareholders by shares voted on “APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.”, 2023-2024
#Asset manager % of shares outstanding
1T. Rowe Price 5.80%
2BlackRock 4.07%
3FULLER & THALER ASSET MANAGEMENT, INC. 3.48%
4State Street 3.22%
5River Road Asset Management, LLC 2.80%
6Zimmer Partners, LP 2.32%
7GEODE CAPITAL MANAGEMENT, LLC 2.12%
8Point72 2.00%
9FRANKLIN ADVISERS INC 1.66%
10Hudson Bay Capital Management LP 1.65%

Reported PNM RESOURCES 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.

PNM RESOURCES INC. holdings and ownership disclosed for the 2023-2024 proxy season
Holder % outstanding Disclosure
BlackRock 14.04% 13F
Vanguard Group 12.83% 13F
State Street 3.60% 13F
Geode Capital 2.14% 13F
Point72 2.06% 13F
Wellington Management 1.82% 13F
BNY Mellon 1.68% 13F
Dimensional Fund Advisors 1.68% 13F
Goldman Sachs 1.40% 13F
Franklin Templeton 1.39% 13F

Percentages above are of 90,200,384 shares outstanding, as reported by PNM RESOURCES INC. on its Form 10-Q dated April 26, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from PNM RESOURCES INC.’s 10-Q dated April 26, 2024. This page is a static snapshot rebuilt weekly on October 25, 2026; a live search always shows the current data.

At PNM RESOURCES INC.'s shareholder meeting held June 4, 2024, in the 2023-2024 proxy season, 332 asset managers reported how they voted on 14 ballot items in their SEC Form N-PX filings, covering 4,917 separate fund positions. On the most widely held item on that ballot — APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS. — PNM RESOURCES INC.'s filing reports the proposal as approved, with 84% 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: PNM RESOURCES INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on June 5, 2024.

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

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