Home › Companies › SAP SE › 2023-2024

SAP SE 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated October 18, 2026.

  • 57Reported items
  • 506Asset managers
  • 9,031Fund votes
  • May 15, 2024Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from SAP SE has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

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 SAP SE in the interactive database Compare manager voting policies

How asset managers voted at the SAP SE 2023-2024 meeting

Each item below shows how the 506 asset managers that disclosed a SAP SE vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of SAP SE’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Aicha Evans to the Supervisory Board

No official resultsDIRECTOR ELECTIONS

98% of fund votes cast · no official result

FOR
Details: votes by 117 asset managers

The 117 asset managers below reported 160,567,861 for, 3,871,362 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 160,567,861AGAINST: 3,871,362
Largest asset managers voting on “Elect Aicha Evans to the Supervisory Board” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,275,0860 00For
Vanguard31,767,0590 00For
Fidelity20,018,2910 00For
BlackRock18,777,4720 00For
MFS9,561,9380 00For
Goldman Sachs6,316,7660 00For
Six Circles Trust4,919,1380 00For
T. Rowe Price4,086,8040 00For
TIAA3,075,4820 00For
State Street2,542,72734 00For
Invesco2,297,1230 00For
Legg Mason1,845,26614,343 00For
GMO01,694,246 00Against
Brighthouse1,614,2590 00For
Morgan Stanley1,347,8145,099 00For
INVESTMENT CO OF AMERICA1,214,3180 00For
Columbia Threadneedle1,197,8630 00For
Equitable1,186,5760 00For
AMCAP FUND1,102,1260 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST1,032,5430 00For
HARRIS ASSOCIATES INVESTMENT TRUST795,8000 00For
BNY Mellon746,4290 00For
Lincoln Financial605,89577,279 00Mixed
American Century637,2100 00For
NEW ECONOMY FUND624,8390 00For

Showing the 25 largest of 117 asset managers. See all 117 in the interactive database.

2. Elect Friederike Rotsch to the Supervisory Board

No official resultsDIRECTOR ELECTIONS

97% of fund votes cast · no official result

FOR
Details: votes by 117 asset managers

The 117 asset managers below reported 159,369,998 for, 5,069,225 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 159,369,998AGAINST: 5,069,225
Largest asset managers voting on “Elect Friederike Rotsch to the Supervisory Board” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,275,0860 00For
Vanguard31,767,0590 00For
Fidelity20,018,2910 00For
BlackRock18,777,4720 00For
MFS9,561,9380 00For
Goldman Sachs6,316,7660 00For
Six Circles Trust4,919,1380 00For
T. Rowe Price4,086,8040 00For
TIAA3,075,4820 00For
State Street2,542,72734 00For
Invesco2,297,1230 00For
Legg Mason1,845,26614,343 00For
GMO01,694,246 00Against
Brighthouse1,614,2590 00For
Morgan Stanley1,347,8145,099 00For
INVESTMENT CO OF AMERICA1,214,3180 00For
Columbia Threadneedle01,197,863 00Against
Equitable1,186,5760 00For
AMCAP FUND1,102,1260 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST1,032,5430 00For
HARRIS ASSOCIATES INVESTMENT TRUST795,8000 00For
BNY Mellon746,4290 00For
Lincoln Financial605,89577,279 00Mixed
American Century637,2100 00For
NEW ECONOMY FUND624,8390 00For

Showing the 25 largest of 117 asset managers. See all 117 in the interactive database.

3. Elect Gerhard Oswald to the Supervisory Board

No official resultsDIRECTOR ELECTIONS

95% of fund votes cast · no official result

FOR
Details: votes by 117 asset managers

The 117 asset managers below reported 155,788,375 for, 8,650,848 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 155,788,375AGAINST: 8,650,848
Largest asset managers voting on “Elect Gerhard Oswald to the Supervisory Board” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,275,0860 00For
Vanguard31,767,0590 00For
Fidelity20,018,2910 00For
BlackRock18,777,4720 00For
MFS9,561,9380 00For
Goldman Sachs6,316,7660 00For
Six Circles Trust4,919,1380 00For
T. Rowe Price4,086,8040 00For
TIAA3,075,4820 00For
State Street2,542,7592 00For
Invesco02,297,123 00Against
Legg Mason1,859,6090 00For
GMO1,694,2460 00For
Brighthouse129,7361,484,523 00Mixed
Morgan Stanley1,347,8145,099 00For
INVESTMENT CO OF AMERICA1,214,3180 00For
Columbia Threadneedle01,197,863 00Against
Equitable1,058,455128,121 00Mixed
AMCAP FUND1,102,1260 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST1,032,5430 00For
HARRIS ASSOCIATES INVESTMENT TRUST0795,800 00Against
BNY Mellon746,4290 00For
Lincoln Financial633,37549,799 00Mixed
American Century0637,210 00Against
NEW ECONOMY FUND624,8390 00For

Showing the 25 largest of 117 asset managers. See all 117 in the interactive database.

4. Elect Pekka Ala-Pietilae to the Supervisory Board

No official resultsDIRECTOR ELECTIONS

99.8% of fund votes cast · no official result

FOR
Details: votes by 117 asset managers

The 117 asset managers below reported 164,266,483 for, 172,740 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 164,266,483AGAINST: 172,740
Largest asset managers voting on “Elect Pekka Ala-Pietilae to the Supervisory Board” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,275,0860 00For
Vanguard31,767,0590 00For
Fidelity20,018,2910 00For
BlackRock18,777,4720 00For
MFS9,561,9380 00For
Goldman Sachs6,316,7660 00For
Six Circles Trust4,919,1380 00For
T. Rowe Price4,086,8040 00For
TIAA3,075,4820 00For
State Street2,542,7610 00For
Invesco2,297,1230 00For
Legg Mason1,859,6090 00For
GMO1,694,2460 00For
Brighthouse1,614,2590 00For
Morgan Stanley1,347,8145,099 00For
INVESTMENT CO OF AMERICA1,214,3180 00For
Columbia Threadneedle1,197,8630 00For
Equitable1,186,5760 00For
AMCAP FUND1,102,1260 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST1,032,5430 00For
HARRIS ASSOCIATES INVESTMENT TRUST795,8000 00For
BNY Mellon746,4290 00For
Lincoln Financial683,1740 00For
American Century637,2100 00For
NEW ECONOMY FUND624,8390 00For

Showing the 25 largest of 117 asset managers. See all 117 in the interactive database.

5. Elect Ralf Herbrich to the Supervisory Board

No official resultsDIRECTOR ELECTIONS

99.8% of fund votes cast · no official result

FOR
Details: votes by 117 asset managers

The 117 asset managers below reported 164,266,483 for, 172,740 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 164,266,483AGAINST: 172,740
Largest asset managers voting on “Elect Ralf Herbrich to the Supervisory Board” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,275,0860 00For
Vanguard31,767,0590 00For
Fidelity20,018,2910 00For
BlackRock18,777,4720 00For
MFS9,561,9380 00For
Goldman Sachs6,316,7660 00For
Six Circles Trust4,919,1380 00For
T. Rowe Price4,086,8040 00For
TIAA3,075,4820 00For
State Street2,542,7610 00For
Invesco2,297,1230 00For
Legg Mason1,859,6090 00For
GMO1,694,2460 00For
Brighthouse1,614,2590 00For
Morgan Stanley1,347,8145,099 00For
INVESTMENT CO OF AMERICA1,214,3180 00For
Columbia Threadneedle1,197,8630 00For
Equitable1,186,5760 00For
AMCAP FUND1,102,1260 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST1,032,5430 00For
HARRIS ASSOCIATES INVESTMENT TRUST795,8000 00For
BNY Mellon746,4290 00For
Lincoln Financial683,1740 00For
American Century637,2100 00For
NEW ECONOMY FUND624,8390 00For

Showing the 25 largest of 117 asset managers. See all 117 in the interactive database.

6. ELECTION OF SUPERVISORY BOARD MEMBER: AICHA EVANS

No official resultsDIRECTOR ELECTIONS

96% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 7,031,530 for, 316,529 against, 3,632 abstained, 25,093 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,031,530AGAINST: 316,529ABSTAIN: 3,632NOT VOTED: 25,093
Largest asset managers voting on “ELECTION OF SUPERVISORY BOARD MEMBER: AICHA EVANS” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC1,695,2710 00For
JPMorgan1,586,0420 00For
Jackson National690,77842,809 00Mixed
SEQUOIA FUND INC713,8890 00For
John Hancock352,615162,061 00Mixed
BAILLIE GIFFORD FUNDS438,9120 00For
BBH Trust292,3020 00For
Brighthouse267,3450 00For
Bridge Builder Trust183,8900 00For
Natixis14,789111,659 00Mixed
Allianz89,5450 00For
BUFFALO FUNDS87,3910 00For
OPTIMUM FUND TRUST66,6680 00For
MARSICO INVESTMENT FUND46,2940 00For
Guardian Variable Products Trust56,3700 00For
TRUST FOR PROFESSIONAL MANAGERS45,9740 00For
Innovator ETFs Trust41,8290 00For
Calamos41,5220 00For
CARILLON SERIES TRUST27,2090 00For
SCHWARTZ INVESTMENT TRUST26,0000 00For
Morningstar Funds Trust25,6210 00For
Harbor ETF Trust23,6650 00For
TOUCHSTONE STRATEGIC TRUST22,9300 00For
PFM Multi-Manager Series Trust22,0220 00For
Advisors' Inner Circle Fund III18,3000 00For

Showing the 25 largest of 55 asset managers. See all 55 in the interactive database.

7. ELECTION OF SUPERVISORY BOARD MEMBER: DR. FRIEDERIKE ROTSCH

No official resultsDIRECTOR ELECTIONS

95% of fund votes cast · no official result

FOR
Details: votes by 55 asset managers

The 55 asset managers below reported 7,017,330 for, 330,729 against, 3,632 abstained, 25,093 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,017,330AGAINST: 330,729ABSTAIN: 3,632NOT VOTED: 25,093
Largest asset managers voting on “ELECTION OF SUPERVISORY BOARD MEMBER: DR. FRIEDERIKE ROTSCH” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC1,695,2710 00For
JPMorgan1,586,0420 00For
Jackson National690,77842,809 00Mixed
SEQUOIA FUND INC713,8890 00For
John Hancock352,615162,061 00Mixed
BAILLIE GIFFORD FUNDS438,9120 00For
BBH Trust292,3020 00For
Brighthouse267,3450 00For
Bridge Builder Trust183,8900 00For
Natixis14,789111,659 00Mixed
Allianz89,5450 00For
BUFFALO FUNDS87,3910 00For
OPTIMUM FUND TRUST66,6680 00For
MARSICO INVESTMENT FUND46,2940 00For
Guardian Variable Products Trust56,3700 00For
TRUST FOR PROFESSIONAL MANAGERS45,9740 00For
Innovator ETFs Trust41,8290 00For
Calamos41,5220 00For
CARILLON SERIES TRUST27,2090 00For
SCHWARTZ INVESTMENT TRUST26,0000 00For
Morningstar Funds Trust25,6210 00For
Harbor ETF Trust23,6650 00For
TOUCHSTONE STRATEGIC TRUST22,9300 00For
PFM Multi-Manager Series Trust22,0220 00For
Advisors' Inner Circle Fund III18,3000 00For

Showing the 25 largest of 55 asset managers. See all 55 in the interactive database.

8. ELECTION OF SUPERVISORY BOARD MEMBER: GERHARD OSWALD

No official resultsDIRECTOR ELECTIONS

72% of fund votes cast · no official result

FORAGAINST
Details: votes by 55 asset managers

The 55 asset managers below reported 5,286,546 for, 2,061,513 against, 3,632 abstained, 25,093 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 5,286,546AGAINST: 2,061,513ABSTAIN: 3,632NOT VOTED: 25,093
Largest asset managers voting on “ELECTION OF SUPERVISORY BOARD MEMBER: GERHARD OSWALD” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC1,695,2710 00For
JPMorgan01,586,042 00Against
Jackson National435,500298,087 00Mixed
SEQUOIA FUND INC713,8890 00For
John Hancock514,6760 00For
BAILLIE GIFFORD FUNDS438,9120 00For
BBH Trust292,3020 00For
Brighthouse262,0125,333 00For
Bridge Builder Trust52,556131,334 00Mixed
Natixis111,65914,789 00Mixed
Allianz89,5450 00For
BUFFALO FUNDS87,3910 00For
OPTIMUM FUND TRUST66,6680 00For
MARSICO INVESTMENT FUND46,2940 00For
Guardian Variable Products Trust50,3865,984 00Mixed
TRUST FOR PROFESSIONAL MANAGERS45,9740 00For
Innovator ETFs Trust41,8290 00For
Calamos41,5220 00For
CARILLON SERIES TRUST27,2090 00For
SCHWARTZ INVESTMENT TRUST26,0000 00For
Morningstar Funds Trust25,6210 00For
Harbor ETF Trust23,6650 00For
TOUCHSTONE STRATEGIC TRUST22,9300 00For
PFM Multi-Manager Series Trust2,07819,944 00Mixed
Advisors' Inner Circle Fund III18,3000 00For

Showing the 25 largest of 55 asset managers. See all 55 in the interactive database.

9. ELECTION OF SUPERVISORY BOARD MEMBER: DR. H. C. MULT. PEKKA ALA-PIETILA

No official resultsDIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

99.8% of fund votes cast · no official result

FOR
Details: votes by 54 asset managers

The 54 asset managers below reported 7,333,008 for, 14,200 against, 3,632 abstained, 25,093 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,333,008AGAINST: 14,200ABSTAIN: 3,632NOT VOTED: 25,093
Largest asset managers voting on “ELECTION OF SUPERVISORY BOARD MEMBER: DR. H. C. MULT. PEKKA ALA-PIETILA” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC1,695,2710 00For
JPMorgan1,586,0420 00For
Jackson National733,5870 00For
SEQUOIA FUND INC713,8890 00For
John Hancock514,6760 00For
BAILLIE GIFFORD FUNDS438,9120 00For
BBH Trust292,3020 00For
Brighthouse267,3450 00For
Bridge Builder Trust183,8900 00For
Natixis126,4480 00For
Allianz89,5450 00For
BUFFALO FUNDS87,3910 00For
OPTIMUM FUND TRUST66,6680 00For
MARSICO INVESTMENT FUND46,2940 00For
Guardian Variable Products Trust56,3700 00For
TRUST FOR PROFESSIONAL MANAGERS45,9740 00For
Innovator ETFs Trust41,8290 00For
Calamos41,5220 00For
CARILLON SERIES TRUST27,2090 00For
SCHWARTZ INVESTMENT TRUST26,0000 00For
Morningstar Funds Trust25,6210 00For
Harbor ETF Trust23,6650 00For
TOUCHSTONE STRATEGIC TRUST22,9300 00For
PFM Multi-Manager Series Trust22,0220 00For
Advisors' Inner Circle Fund III18,3000 00For

Showing the 25 largest of 54 asset managers. See all 54 in the interactive database.

10. ELECTION OF SUPERVISORY BOARD MEMBER: PROF. DR. RALF HERBRICH

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 54 asset managers

The 54 asset managers below reported 7,347,208 for, 3,632 abstained, 25,093 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,347,208ABSTAIN: 3,632NOT VOTED: 25,093
Largest asset managers voting on “ELECTION OF SUPERVISORY BOARD MEMBER: PROF. DR. RALF HERBRICH” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC1,695,2710 00For
JPMorgan1,586,0420 00For
Jackson National733,5870 00For
SEQUOIA FUND INC713,8890 00For
John Hancock514,6760 00For
BAILLIE GIFFORD FUNDS438,9120 00For
BBH Trust292,3020 00For
Brighthouse267,3450 00For
Bridge Builder Trust183,8900 00For
Natixis126,4480 00For
Allianz89,5450 00For
BUFFALO FUNDS87,3910 00For
OPTIMUM FUND TRUST66,6680 00For
MARSICO INVESTMENT FUND46,2940 00For
Guardian Variable Products Trust56,3700 00For
TRUST FOR PROFESSIONAL MANAGERS45,9740 00For
Innovator ETFs Trust41,8290 00For
Calamos41,5220 00For
CARILLON SERIES TRUST27,2090 00For
SCHWARTZ INVESTMENT TRUST26,0000 00For
Morningstar Funds Trust25,6210 00For
Harbor ETF Trust23,6650 00For
TOUCHSTONE STRATEGIC TRUST22,9300 00For
PFM Multi-Manager Series Trust22,0220 00For
Advisors' Inner Circle Fund III18,3000 00For

Showing the 25 largest of 54 asset managers. See all 54 in the interactive database.

11. COMPENSATION OF THE SUPERVISORY BOARD MEMBERS UNDER AMENDMENT OF ARTICLE 16 OF THE ARTICLES OF INCORPORATION

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 40 asset managers

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). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 37 asset managers voting on “COMPENSATION OF THE SUPERVISORY BOARD MEMBERS UNDER AMENDMENT OF ARTICLE 16 OF THE ARTICLES OF INCORPORATION” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan1,586,0420 00For
Jackson National733,5870 00For
SEQUOIA FUND INC713,8890 00For
John Hancock514,6760 00For
BAILLIE GIFFORD FUNDS438,9120 00For
BBH Trust292,3020 00For
Brighthouse267,3450 00For
Bridge Builder Trust183,8900 00For
Natixis126,4480 00For
Allianz89,5450 00For
OPTIMUM FUND TRUST66,6680 00For
Guardian Variable Products Trust56,3700 00For
Innovator ETFs Trust41,6940 00For
Calamos41,1440 00For
CARILLON SERIES TRUST27,2090 00For
SCHWARTZ INVESTMENT TRUST26,0000 00For
Harbor ETF Trust23,1080 00For
TOUCHSTONE STRATEGIC TRUST22,9300 00For
PFM Multi-Manager Series Trust22,0220 00For
Advisors' Inner Circle Fund III18,3000 00For
ADVISORS' INNER CIRCLE FUND16,0000 00For
MARSICO INVESTMENT FUND00 00Not Voted
TRUST FOR PROFESSIONAL MANAGERS13,0300 00For
Listed Funds Trust11,4510 00For
LKCM Funds11,3330 00For

Fund voting reports, all 37 managers: 5,399,415 for, 13,737 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “COMPENSATION OF THE SUPERVISORY BOARD MEMBERS UNDER AMENDMENT OF ARTICLE 16 OF THE ARTICLES OF INCORPORATION” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Egerton Capital (UK) LLP2,413,3970 00For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO35,6300 00For
Apollo Management Holdings, L.P.00 21,2110Abstain

Institutional-manager reports, all 3 managers: 2,449,027 for, 21,211 abstained.

12. Elect Aicha Evans

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 21 asset managers

The 21 asset managers below reported 9,295,507 for, 37,668 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,295,507ABSTAIN: 37,668
Largest asset managers voting on “Elect Aicha Evans” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,986,9280 00For
Vanguard2,575,6620 00For
Hartford1,695,0600 00For
SEI781,6740 00For
Mercer Funds450,8460 00For
Prudential/PGIM244,5970 00For
Russell Investments148,7220 00For
BRANDES INVESTMENT TRUST98,4290 00For
Federated Hermes78,9060 00For
Neuberger Berman78,2850 00For
Global X51,1540 00For
Brighthouse6,0970 37,6680Mixed
Morgan Stanley33,4700 00For
IMPAX FUNDS SERIES TRUST III21,0180 00For
PACE SELECT ADVISORS TRUST19,9070 00For
Brown Capital Management Mutual Funds9,8110 00For
2023 ETF Series Trust9,6520 00For
Putnam3,2500 00For
Adviser Managed Trust1,3360 00For
Principal3800 00For
Northern Lights Fund Trust IV3230 00For

13. Elect Friederike Rotsch

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 21 asset managers

The 21 asset managers below reported 9,295,507 for, 37,668 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,295,507ABSTAIN: 37,668
Largest asset managers voting on “Elect Friederike Rotsch” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,986,9280 00For
Vanguard2,575,6620 00For
Hartford1,695,0600 00For
SEI781,6740 00For
Mercer Funds450,8460 00For
Prudential/PGIM244,5970 00For
Russell Investments148,7220 00For
BRANDES INVESTMENT TRUST98,4290 00For
Federated Hermes78,9060 00For
Neuberger Berman78,2850 00For
Global X51,1540 00For
Brighthouse6,0970 37,6680Mixed
Morgan Stanley33,4700 00For
IMPAX FUNDS SERIES TRUST III21,0180 00For
PACE SELECT ADVISORS TRUST19,9070 00For
Brown Capital Management Mutual Funds9,8110 00For
2023 ETF Series Trust9,6520 00For
Putnam3,2500 00For
Adviser Managed Trust1,3360 00For
Principal3800 00For
Northern Lights Fund Trust IV3230 00For

14. Elect Gerhard Oswald

No official resultsDIRECTOR ELECTIONS

99% of fund votes cast · no official result

FOR
Details: votes by 21 asset managers

The 21 asset managers below reported 9,158,617 for, 136,890 against, 37,668 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,158,617AGAINST: 136,890ABSTAIN: 37,668
Largest asset managers voting on “Elect Gerhard Oswald” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,986,9280 00For
Vanguard2,575,6620 00For
Hartford1,695,0600 00For
SEI781,6740 00For
Mercer Funds313,956136,890 00Mixed
Prudential/PGIM244,5970 00For
Russell Investments148,7220 00For
BRANDES INVESTMENT TRUST98,4290 00For
Federated Hermes78,9060 00For
Neuberger Berman78,2850 00For
Global X51,1540 00For
Brighthouse6,0970 37,6680Mixed
Morgan Stanley33,4700 00For
IMPAX FUNDS SERIES TRUST III21,0180 00For
PACE SELECT ADVISORS TRUST19,9070 00For
Brown Capital Management Mutual Funds9,8110 00For
2023 ETF Series Trust9,6520 00For
Putnam3,2500 00For
Adviser Managed Trust1,3360 00For
Principal3800 00For
Northern Lights Fund Trust IV3230 00For

15. Elect Pekka Ala-Pietila

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 21 asset managers

The 21 asset managers below reported 9,295,507 for, 37,668 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,295,507ABSTAIN: 37,668
Largest asset managers voting on “Elect Pekka Ala-Pietila” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,986,9280 00For
Vanguard2,575,6620 00For
Hartford1,695,0600 00For
SEI781,6740 00For
Mercer Funds450,8460 00For
Prudential/PGIM244,5970 00For
Russell Investments148,7220 00For
BRANDES INVESTMENT TRUST98,4290 00For
Federated Hermes78,9060 00For
Neuberger Berman78,2850 00For
Global X51,1540 00For
Brighthouse6,0970 37,6680Mixed
Morgan Stanley33,4700 00For
IMPAX FUNDS SERIES TRUST III21,0180 00For
PACE SELECT ADVISORS TRUST19,9070 00For
Brown Capital Management Mutual Funds9,8110 00For
2023 ETF Series Trust9,6520 00For
Putnam3,2500 00For
Adviser Managed Trust1,3360 00For
Principal3800 00For
Northern Lights Fund Trust IV3230 00For

16. Elect Ralf Herbrich

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 21 asset managers

The 21 asset managers below reported 9,295,507 for, 37,668 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,295,507ABSTAIN: 37,668
Largest asset managers voting on “Elect Ralf Herbrich” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,986,9280 00For
Vanguard2,575,6620 00For
Hartford1,695,0600 00For
SEI781,6740 00For
Mercer Funds450,8460 00For
Prudential/PGIM244,5970 00For
Russell Investments148,7220 00For
BRANDES INVESTMENT TRUST98,4290 00For
Federated Hermes78,9060 00For
Neuberger Berman78,2850 00For
Global X51,1540 00For
Brighthouse6,0970 37,6680Mixed
Morgan Stanley33,4700 00For
IMPAX FUNDS SERIES TRUST III21,0180 00For
PACE SELECT ADVISORS TRUST19,9070 00For
Brown Capital Management Mutual Funds9,8110 00For
2023 ETF Series Trust9,6520 00For
Putnam3,2500 00For
Adviser Managed Trust1,3360 00For
Principal3800 00For
Northern Lights Fund Trust IV3230 00For

17. Amend Articles Re: Proof of Entitlement

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 117 asset managers

The 117 asset managers below reported 164,439,223 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 164,439,223
Largest asset managers voting on “Amend Articles Re: Proof of Entitlement” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,275,0860 00For
Vanguard31,767,0590 00For
Fidelity20,018,2910 00For
BlackRock18,777,4720 00For
MFS9,561,9380 00For
Goldman Sachs6,316,7660 00For
Six Circles Trust4,919,1380 00For
T. Rowe Price4,086,8040 00For
TIAA3,075,4820 00For
State Street2,542,7610 00For
Invesco2,297,1230 00For
Legg Mason1,859,6090 00For
GMO1,694,2460 00For
Brighthouse1,614,2590 00For
Morgan Stanley1,352,9130 00For
INVESTMENT CO OF AMERICA1,214,3180 00For
Columbia Threadneedle1,197,8630 00For
Equitable1,186,5760 00For
AMCAP FUND1,102,1260 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST1,032,5430 00For
HARRIS ASSOCIATES INVESTMENT TRUST795,8000 00For
BNY Mellon746,4290 00For
Lincoln Financial683,1740 00For
American Century637,2100 00For
NEW ECONOMY FUND624,8390 00For

Showing the 25 largest of 117 asset managers. See all 117 in the interactive database.

18. AMENDMENT OF ARTICLE 18 (3) OF THE ARTICLES OF INCORPORATION

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 37 asset managers

The 37 asset managers below reported 5,399,415 for, 13,737 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 5,399,415NOT VOTED: 13,737
Largest asset managers voting on “AMENDMENT OF ARTICLE 18 (3) OF THE ARTICLES OF INCORPORATION” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan1,586,0420 00For
Jackson National733,5870 00For
SEQUOIA FUND INC713,8890 00For
John Hancock514,6760 00For
BAILLIE GIFFORD FUNDS438,9120 00For
BBH Trust292,3020 00For
Brighthouse267,3450 00For
Bridge Builder Trust183,8900 00For
Natixis126,4480 00For
Allianz89,5450 00For
OPTIMUM FUND TRUST66,6680 00For
Guardian Variable Products Trust56,3700 00For
Innovator ETFs Trust41,6940 00For
Calamos41,1440 00For
CARILLON SERIES TRUST27,2090 00For
SCHWARTZ INVESTMENT TRUST26,0000 00For
Harbor ETF Trust23,1080 00For
TOUCHSTONE STRATEGIC TRUST22,9300 00For
PFM Multi-Manager Series Trust22,0220 00For
Advisors' Inner Circle Fund III18,3000 00For
ADVISORS' INNER CIRCLE FUND16,0000 00For
MARSICO INVESTMENT FUND00 00Not Voted
TRUST FOR PROFESSIONAL MANAGERS13,0300 00For
Listed Funds Trust11,4510 00For
LKCM Funds11,3330 00For

Showing the 25 largest of 37 asset managers. See all 37 in the interactive database.

19. RESOLUTION ON THE AMENDMENT OF ARTICLE 18 (3) OF THE ARTICLES OF INCORPORATION

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 25 asset managers

The 25 asset managers below reported 1,948,644 for, 3,632 abstained, 11,356 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,948,644ABSTAIN: 3,632NOT VOTED: 11,356
Largest asset managers voting on “RESOLUTION ON THE AMENDMENT OF ARTICLE 18 (3) OF THE ARTICLES OF INCORPORATION” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC1,695,2710 00For
BUFFALO FUNDS87,3910 00For
MARSICO INVESTMENT FUND46,2940 00For
TRUST FOR PROFESSIONAL MANAGERS32,9440 00For
Morningstar Funds Trust25,6210 00For
Ultimus Managers Trust12,2490 3,6320Mixed
SATURNA INVESTMENT TRUST14,2000 00For
HOMESTEAD FUNDS INC13,7710 00For
ADVISORS SERIES TRUST00 00Not Voted
Gabelli6,3000 00For
CITY NATIONAL ROCHDALE FUNDS3,3720 00For
Manager Directed Portfolios2,0750 00For
REYNOLDS FUNDS INC1,7500 00For
ETF Series Solutions1,2950 00For
HARBOR FUNDS1,2940 00For
Decatur Capital Management, Inc.9510 00For
Advisors Preferred Trust8510 00For
Gateway Trust5890 00For
Harbor ETF Trust5570 00For
Pacer Funds Trust5060 00For
Calamos3780 00For
Boltwood Capital Management3750 00For
Multi-Select Securities Fund for Puerto Rico Residents2750 00For
Evernest Financial Advisors, LLC2000 00For
Innovator ETFs Trust1350 00For

20. Amendments to Articles

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 21 asset managers

The 21 asset managers below reported 9,295,507 for, 37,668 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,295,507ABSTAIN: 37,668
Largest asset managers voting on “Amendments to Articles” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,986,9280 00For
Vanguard2,575,6620 00For
Hartford1,695,0600 00For
SEI781,6740 00For
Mercer Funds450,8460 00For
Prudential/PGIM244,5970 00For
Russell Investments148,7220 00For
BRANDES INVESTMENT TRUST98,4290 00For
Federated Hermes78,9060 00For
Neuberger Berman78,2850 00For
Global X51,1540 00For
Brighthouse6,0970 37,6680Mixed
Morgan Stanley33,4700 00For
IMPAX FUNDS SERIES TRUST III21,0180 00For
PACE SELECT ADVISORS TRUST19,9070 00For
Brown Capital Management Mutual Funds9,8110 00For
2023 ETF Series Trust9,6520 00For
Putnam3,2500 00For
Adviser Managed Trust1,3360 00For
Principal3800 00For
Northern Lights Fund Trust IV3230 00For

21. Approve Allocation of Income and Dividends of EUR 2.20 per Share

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 117 asset managers

The 117 asset managers below reported 164,439,223 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 164,439,223
Largest asset managers voting on “Approve Allocation of Income and Dividends of EUR 2.20 per Share” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,275,0860 00For
Vanguard31,767,0590 00For
Fidelity20,018,2910 00For
BlackRock18,777,4720 00For
MFS9,561,9380 00For
Goldman Sachs6,316,7660 00For
Six Circles Trust4,919,1380 00For
T. Rowe Price4,086,8040 00For
TIAA3,075,4820 00For
State Street2,542,7610 00For
Invesco2,297,1230 00For
Legg Mason1,859,6090 00For
GMO1,694,2460 00For
Brighthouse1,614,2590 00For
Morgan Stanley1,352,9130 00For
INVESTMENT CO OF AMERICA1,214,3180 00For
Columbia Threadneedle1,197,8630 00For
Equitable1,186,5760 00For
AMCAP FUND1,102,1260 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST1,032,5430 00For
HARRIS ASSOCIATES INVESTMENT TRUST795,8000 00For
BNY Mellon746,4290 00For
Lincoln Financial683,1740 00For
American Century637,2100 00For
NEW ECONOMY FUND624,8390 00For

Showing the 25 largest of 117 asset managers. See all 117 in the interactive database.

22. Approve Discharge of Management Board for Fiscal Year 2023

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 117 asset managers

The 117 asset managers below reported 164,438,838 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 164,438,838
Largest asset managers voting on “Approve Discharge of Management Board for Fiscal Year 2023” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,275,0860 00For
Vanguard31,767,0590 00For
Fidelity20,018,2910 00For
BlackRock18,777,4720 00For
MFS9,561,9380 00For
Goldman Sachs6,316,7660 00For
Six Circles Trust4,919,1380 00For
T. Rowe Price4,086,8040 00For
TIAA3,075,4820 00For
State Street2,542,7610 00For
Invesco2,297,1230 00For
Legg Mason1,859,6090 00For
GMO1,694,2460 00For
Brighthouse1,614,2590 00For
Morgan Stanley1,352,9130 00For
INVESTMENT CO OF AMERICA1,214,3180 00For
Columbia Threadneedle1,197,8630 00For
Equitable1,186,5760 00For
AMCAP FUND1,102,1260 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST1,032,5430 00For
HARRIS ASSOCIATES INVESTMENT TRUST795,8000 00For
BNY Mellon746,4290 00For
Lincoln Financial683,1740 00For
American Century637,2100 00For
NEW ECONOMY FUND624,8390 00For

Showing the 25 largest of 117 asset managers. See all 117 in the interactive database.

23. Approve Discharge of Supervisory Board for Fiscal Year 2023

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 117 asset managers

The 117 asset managers below reported 164,439,223 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 164,439,223
Largest asset managers voting on “Approve Discharge of Supervisory Board for Fiscal Year 2023” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,275,0860 00For
Vanguard31,767,0590 00For
Fidelity20,018,2910 00For
BlackRock18,777,4720 00For
MFS9,561,9380 00For
Goldman Sachs6,316,7660 00For
Six Circles Trust4,919,1380 00For
T. Rowe Price4,086,8040 00For
TIAA3,075,4820 00For
State Street2,542,7610 00For
Invesco2,297,1230 00For
Legg Mason1,859,6090 00For
GMO1,694,2460 00For
Brighthouse1,614,2590 00For
Morgan Stanley1,352,9130 00For
INVESTMENT CO OF AMERICA1,214,3180 00For
Columbia Threadneedle1,197,8630 00For
Equitable1,186,5760 00For
AMCAP FUND1,102,1260 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST1,032,5430 00For
HARRIS ASSOCIATES INVESTMENT TRUST795,8000 00For
BNY Mellon746,4290 00For
Lincoln Financial683,1740 00For
American Century637,2100 00For
NEW ECONOMY FUND624,8390 00For

Showing the 25 largest of 117 asset managers. See all 117 in the interactive database.

24. APPROPRIATION OF THE RETAINED EARNINGS FOR FISCAL YEAR 2023

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 37 asset managers

The 37 asset managers below reported 5,399,415 for, 13,737 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 5,399,415NOT VOTED: 13,737
Largest asset managers voting on “APPROPRIATION OF THE RETAINED EARNINGS FOR FISCAL YEAR 2023” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan1,586,0420 00For
Jackson National733,5870 00For
SEQUOIA FUND INC713,8890 00For
John Hancock514,6760 00For
BAILLIE GIFFORD FUNDS438,9120 00For
BBH Trust292,3020 00For
Brighthouse267,3450 00For
Bridge Builder Trust183,8900 00For
Natixis126,4480 00For
Allianz89,5450 00For
OPTIMUM FUND TRUST66,6680 00For
Guardian Variable Products Trust56,3700 00For
Innovator ETFs Trust41,6940 00For
Calamos41,1440 00For
CARILLON SERIES TRUST27,2090 00For
SCHWARTZ INVESTMENT TRUST26,0000 00For
Harbor ETF Trust23,1080 00For
TOUCHSTONE STRATEGIC TRUST22,9300 00For
PFM Multi-Manager Series Trust22,0220 00For
Advisors' Inner Circle Fund III18,3000 00For
ADVISORS' INNER CIRCLE FUND16,0000 00For
MARSICO INVESTMENT FUND00 00Not Voted
TRUST FOR PROFESSIONAL MANAGERS13,0300 00For
Listed Funds Trust11,4510 00For
LKCM Funds11,3330 00For

Showing the 25 largest of 37 asset managers. See all 37 in the interactive database.

25. FORMAL APPROVAL OF THE ACTS OF THE EXECUTIVE BOARD IN FISCAL YEAR 2023

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 37 asset managers

The 37 asset managers below reported 5,399,415 for, 13,737 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 5,399,415NOT VOTED: 13,737
Largest asset managers voting on “FORMAL APPROVAL OF THE ACTS OF THE EXECUTIVE BOARD IN FISCAL YEAR 2023” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan1,586,0420 00For
Jackson National733,5870 00For
SEQUOIA FUND INC713,8890 00For
John Hancock514,6760 00For
BAILLIE GIFFORD FUNDS438,9120 00For
BBH Trust292,3020 00For
Brighthouse267,3450 00For
Bridge Builder Trust183,8900 00For
Natixis126,4480 00For
Allianz89,5450 00For
OPTIMUM FUND TRUST66,6680 00For
Guardian Variable Products Trust56,3700 00For
Innovator ETFs Trust41,6940 00For
Calamos41,1440 00For
CARILLON SERIES TRUST27,2090 00For
SCHWARTZ INVESTMENT TRUST26,0000 00For
Harbor ETF Trust23,1080 00For
TOUCHSTONE STRATEGIC TRUST22,9300 00For
PFM Multi-Manager Series Trust22,0220 00For
Advisors' Inner Circle Fund III18,3000 00For
ADVISORS' INNER CIRCLE FUND16,0000 00For
MARSICO INVESTMENT FUND00 00Not Voted
TRUST FOR PROFESSIONAL MANAGERS13,0300 00For
Listed Funds Trust11,4510 00For
LKCM Funds11,3330 00For

Showing the 25 largest of 37 asset managers. See all 37 in the interactive database.

26. FORMAL APPROVAL OF THE ACTS OF THE SUPERVISORY BOARD IN FISCAL YEAR 2023

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 37 asset managers

The 37 asset managers below reported 5,399,415 for, 13,737 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 5,399,415NOT VOTED: 13,737
Largest asset managers voting on “FORMAL APPROVAL OF THE ACTS OF THE SUPERVISORY BOARD IN FISCAL YEAR 2023” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan1,586,0420 00For
Jackson National733,5870 00For
SEQUOIA FUND INC713,8890 00For
John Hancock514,6760 00For
BAILLIE GIFFORD FUNDS438,9120 00For
BBH Trust292,3020 00For
Brighthouse267,3450 00For
Bridge Builder Trust183,8900 00For
Natixis126,4480 00For
Allianz89,5450 00For
OPTIMUM FUND TRUST66,6680 00For
Guardian Variable Products Trust56,3700 00For
Innovator ETFs Trust41,6940 00For
Calamos41,1440 00For
CARILLON SERIES TRUST27,2090 00For
SCHWARTZ INVESTMENT TRUST26,0000 00For
Harbor ETF Trust23,1080 00For
TOUCHSTONE STRATEGIC TRUST22,9300 00For
PFM Multi-Manager Series Trust22,0220 00For
Advisors' Inner Circle Fund III18,3000 00For
ADVISORS' INNER CIRCLE FUND16,0000 00For
MARSICO INVESTMENT FUND00 00Not Voted
TRUST FOR PROFESSIONAL MANAGERS13,0300 00For
Listed Funds Trust11,4510 00For
LKCM Funds11,3330 00For

Showing the 25 largest of 37 asset managers. See all 37 in the interactive database.

27. RESOLUTION ON THE FORMAL APPROVAL OF THE ACTS OF THE EXECUTIVE BOARD IN FISCAL YEAR 2023

No official resultsCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 26 asset managers

The 26 asset managers below reported 1,948,689 for, 3,632 abstained, 11,356 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,948,689ABSTAIN: 3,632NOT VOTED: 11,356
Largest asset managers voting on “RESOLUTION ON THE FORMAL APPROVAL OF THE ACTS OF THE EXECUTIVE BOARD IN FISCAL YEAR 2023” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC1,695,2710 00For
BUFFALO FUNDS87,3910 00For
MARSICO INVESTMENT FUND46,2940 00For
TRUST FOR PROFESSIONAL MANAGERS32,9440 00For
Morningstar Funds Trust25,6210 00For
Ultimus Managers Trust12,2490 3,6320Mixed
SATURNA INVESTMENT TRUST14,2000 00For
HOMESTEAD FUNDS INC13,7710 00For
ADVISORS SERIES TRUST00 00Not Voted
Gabelli6,3000 00For
CITY NATIONAL ROCHDALE FUNDS3,3720 00For
Manager Directed Portfolios2,0750 00For
REYNOLDS FUNDS INC1,7500 00For
ETF Series Solutions1,2950 00For
HARBOR FUNDS1,2940 00For
Decatur Capital Management, Inc.9510 00For
Advisors Preferred Trust8510 00For
Gateway Trust5890 00For
Harbor ETF Trust5570 00For
Pacer Funds Trust5060 00For
Calamos3780 00For
Boltwood Capital Management3750 00For
Multi-Select Securities Fund for Puerto Rico Residents2750 00For
Evernest Financial Advisors, LLC2000 00For
Innovator ETFs Trust1350 00For

Showing the 25 largest of 26 asset managers. See all 26 in the interactive database.

28. RESOLUTION ON THE APPROPRIATION OF THE RETAINED EARNINGS FOR FISCAL YEAR 2023

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 25 asset managers

The 25 asset managers below reported 1,948,644 for, 3,632 abstained, 11,356 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,948,644ABSTAIN: 3,632NOT VOTED: 11,356
Largest asset managers voting on “RESOLUTION ON THE APPROPRIATION OF THE RETAINED EARNINGS FOR FISCAL YEAR 2023” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC1,695,2710 00For
BUFFALO FUNDS87,3910 00For
MARSICO INVESTMENT FUND46,2940 00For
TRUST FOR PROFESSIONAL MANAGERS32,9440 00For
Morningstar Funds Trust25,6210 00For
Ultimus Managers Trust12,2490 3,6320Mixed
SATURNA INVESTMENT TRUST14,2000 00For
HOMESTEAD FUNDS INC13,7710 00For
ADVISORS SERIES TRUST00 00Not Voted
Gabelli6,3000 00For
CITY NATIONAL ROCHDALE FUNDS3,3720 00For
Manager Directed Portfolios2,0750 00For
REYNOLDS FUNDS INC1,7500 00For
ETF Series Solutions1,2950 00For
HARBOR FUNDS1,2940 00For
Decatur Capital Management, Inc.9510 00For
Advisors Preferred Trust8510 00For
Gateway Trust5890 00For
Harbor ETF Trust5570 00For
Pacer Funds Trust5060 00For
Calamos3780 00For
Boltwood Capital Management3750 00For
Multi-Select Securities Fund for Puerto Rico Residents2750 00For
Evernest Financial Advisors, LLC2000 00For
Innovator ETFs Trust1350 00For

29. RESOLUTION ON THE FORMAL APPROVAL OF THE ACTS OF THE SUPERVISORY BOARD IN FISCAL YEAR 2023

No official resultsCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 25 asset managers

The 25 asset managers below reported 1,948,644 for, 3,632 abstained, 11,356 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,948,644ABSTAIN: 3,632NOT VOTED: 11,356
Largest asset managers voting on “RESOLUTION ON THE FORMAL APPROVAL OF THE ACTS OF THE SUPERVISORY BOARD IN FISCAL YEAR 2023” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC1,695,2710 00For
BUFFALO FUNDS87,3910 00For
MARSICO INVESTMENT FUND46,2940 00For
TRUST FOR PROFESSIONAL MANAGERS32,9440 00For
Morningstar Funds Trust25,6210 00For
Ultimus Managers Trust12,2490 3,6320Mixed
SATURNA INVESTMENT TRUST14,2000 00For
HOMESTEAD FUNDS INC13,7710 00For
ADVISORS SERIES TRUST00 00Not Voted
Gabelli6,3000 00For
CITY NATIONAL ROCHDALE FUNDS3,3720 00For
Manager Directed Portfolios2,0750 00For
REYNOLDS FUNDS INC1,7500 00For
ETF Series Solutions1,2950 00For
HARBOR FUNDS1,2940 00For
Decatur Capital Management, Inc.9510 00For
Advisors Preferred Trust8510 00For
Gateway Trust5890 00For
Harbor ETF Trust5570 00For
Pacer Funds Trust5060 00For
Calamos3780 00For
Boltwood Capital Management3750 00For
Multi-Select Securities Fund for Puerto Rico Residents2750 00For
Evernest Financial Advisors, LLC2000 00For
Innovator ETFs Trust1350 00For

30. Allocation of Dividends

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 21 asset managers

The 21 asset managers below reported 9,295,507 for, 37,668 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,295,507ABSTAIN: 37,668
Largest asset managers voting on “Allocation of Dividends” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,986,9280 00For
Vanguard2,575,6620 00For
Hartford1,695,0600 00For
SEI781,6740 00For
Mercer Funds450,8460 00For
Prudential/PGIM244,5970 00For
Russell Investments148,7220 00For
BRANDES INVESTMENT TRUST98,4290 00For
Federated Hermes78,9060 00For
Neuberger Berman78,2850 00For
Global X51,1540 00For
Brighthouse6,0970 37,6680Mixed
Morgan Stanley33,4700 00For
IMPAX FUNDS SERIES TRUST III21,0180 00For
PACE SELECT ADVISORS TRUST19,9070 00For
Brown Capital Management Mutual Funds9,8110 00For
2023 ETF Series Trust9,6520 00For
Putnam3,2500 00For
Adviser Managed Trust1,3360 00For
Principal3800 00For
Northern Lights Fund Trust IV3230 00For

31. Ratification of Management Board Acts

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 21 asset managers

The 21 asset managers below reported 9,295,507 for, 37,668 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,295,507ABSTAIN: 37,668
Largest asset managers voting on “Ratification of Management Board Acts” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,986,9280 00For
Vanguard2,575,6620 00For
Hartford1,695,0600 00For
SEI781,6740 00For
Mercer Funds450,8460 00For
Prudential/PGIM244,5970 00For
Russell Investments148,7220 00For
BRANDES INVESTMENT TRUST98,4290 00For
Federated Hermes78,9060 00For
Neuberger Berman78,2850 00For
Global X51,1540 00For
Brighthouse6,0970 37,6680Mixed
Morgan Stanley33,4700 00For
IMPAX FUNDS SERIES TRUST III21,0180 00For
PACE SELECT ADVISORS TRUST19,9070 00For
Brown Capital Management Mutual Funds9,8110 00For
2023 ETF Series Trust9,6520 00For
Putnam3,2500 00For
Adviser Managed Trust1,3360 00For
Principal3800 00For
Northern Lights Fund Trust IV3230 00For

32. Ratification of Supervisory Board Acts

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 21 asset managers

The 21 asset managers below reported 9,295,507 for, 37,668 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,295,507ABSTAIN: 37,668
Largest asset managers voting on “Ratification of Supervisory Board Acts” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,986,9280 00For
Vanguard2,575,6620 00For
Hartford1,695,0600 00For
SEI781,6740 00For
Mercer Funds450,8460 00For
Prudential/PGIM244,5970 00For
Russell Investments148,7220 00For
BRANDES INVESTMENT TRUST98,4290 00For
Federated Hermes78,9060 00For
Neuberger Berman78,2850 00For
Global X51,1540 00For
Brighthouse6,0970 37,6680Mixed
Morgan Stanley33,4700 00For
IMPAX FUNDS SERIES TRUST III21,0180 00For
PACE SELECT ADVISORS TRUST19,9070 00For
Brown Capital Management Mutual Funds9,8110 00For
2023 ETF Series Trust9,6520 00For
Putnam3,2500 00For
Adviser Managed Trust1,3360 00For
Principal3800 00For
Northern Lights Fund Trust IV3230 00For

33. Resolution on the compensation of the Supervisory Board members under amendment of Article 16 of the Articles of…

Combines 4 wordings of this item as funds reported it.

88% Fund and manager reports combined; may count the same shares twice · no official result

FORABSTAIN
Details: description as filed, votes by 75 asset managers

Description as filed by funds: Resolution on the compensation of the Supervisory Board members under amendment of Article 16 of the Articles of Incorporation

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). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 22 asset managers voting on “Resolution on the compensation of the Supervisory Board members under amendment of Article 16 of the Articles ” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC1,695,2710 00For
BUFFALO FUNDS87,3910 00For
MARSICO INVESTMENT FUND46,2940 00For
TRUST FOR PROFESSIONAL MANAGERS32,9440 00For
Morningstar Funds Trust25,6210 00For
Ultimus Managers Trust12,2490 3,6320Mixed
SATURNA INVESTMENT TRUST14,2000 00For
HOMESTEAD FUNDS INC13,7710 00For
ADVISORS SERIES TRUST00 00Not Voted
Gabelli6,3000 00For
CITY NATIONAL ROCHDALE FUNDS3,3720 00For
Manager Directed Portfolios2,0750 00For
REYNOLDS FUNDS INC1,7500 00For
ETF Series Solutions1,2950 00For
HARBOR FUNDS1,2940 00For
Advisors Preferred Trust8510 00For
Gateway Trust5890 00For
Harbor ETF Trust5570 00For
Pacer Funds Trust5060 00For
Calamos3780 00For
Multi-Select Securities Fund for Puerto Rico Residents2750 00For
Innovator ETFs Trust1350 00For

Fund voting reports, all 22 managers: 1,947,118 for, 3,632 abstained, 11,356 not voted.

Institutional-manager reports: 51 asset managers voting on “Resolution on the compensation of the Supervisory Board members under amendment of Article 16 of the Articles ” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
WINDACRE PARTNERSHIP LLC00 3,582,5000Abstain
CRAWFORD INVESTMENT COUNSEL INC00 0358,424Withhold
BECKER CAPITAL MANAGEMENT INC203,8160 00For
Cardinal Capital Management, Inc.150,3650 00For
UNITED CAPITAL FINANCIAL ADVISORS, LLC144,7670 00For
Janney Montgomery Scott LLC84,6920 00For
Night Owl Capital Management, LLC41,5980 00For
Naviter Wealth, LLC13,5170 00For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO012,890 00Against
EXENCIAL WEALTH ADVISORS, LLC10,4010 00For
SevenBridge Financial Group, LLC7,4150 00For
MITCHELL & PAHL PRIVATE WEALTH, LLC00 5,0050Abstain
SHELTON WEALTH MANAGEMENT, LLC3,6600 00For
Knights of Columbus Asset Advisors LLC1,9070 00For
Mount Yale Investment Advisors, LLC1,4550 00For
Decatur Capital Management, Inc.9510 00For
Clark Capital Management Group, Inc.8830 00For
CARY STREET PARTNERS INVESTMENT ADVISORY LLC6860 00For
Belpointe Asset Management LLC5670 00For
Boltwood Capital Management3750 00For
Private Advisory Group LLC3580 00For
Burns Matteson Capital Management, LLC3410 00For
AXXCESS WEALTH MANAGEMENT, LLC2920 00For
BRANDYWINE OAK PRIVATE WEALTH LLC2900 00For
Freedom Investment Management, Inc.2780 00For

Institutional-manager reports, all 51 managers: 670,456 for, 13,045 against, 358,424 withheld, 3,587,505 abstained. Showing the 25 largest; see all in the interactive database.

34. Resolution on the approval of the compensation report for fiscal year 2023

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

Combines 7 wordings of this item as funds reported it.

99.6% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 289 asset managers

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). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 23 asset managers voting on “Resolution on the approval of the compensation report for fiscal year 2023” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC1,695,2710 00For
2023 ETF Series Trust268,7790 00For
BUFFALO FUNDS87,3910 00For
MARSICO INVESTMENT FUND46,2940 00For
TRUST FOR PROFESSIONAL MANAGERS32,9440 00For
Morningstar Funds Trust25,6210 00For
Ultimus Managers Trust12,2490 3,6320Mixed
SATURNA INVESTMENT TRUST14,2000 00For
HOMESTEAD FUNDS INC13,7710 00For
ADVISORS SERIES TRUST00 00Not Voted
Gabelli06,300 00Against
CITY NATIONAL ROCHDALE FUNDS3,3720 00For
Manager Directed Portfolios2,0750 00For
REYNOLDS FUNDS INC1,7500 00For
ETF Series Solutions1,2950 00For
HARBOR FUNDS1,2940 00For
Advisors Preferred Trust8510 00For
Gateway Trust5890 00For
Harbor ETF Trust5570 00For
Pacer Funds Trust5060 00For
Calamos3780 00For
Multi-Select Securities Fund for Puerto Rico Residents2750 00For
Innovator ETFs Trust1350 00For

Fund voting reports, all 23 managers: 2,209,597 for, 6,300 against, 3,632 abstained, 11,356 not voted.

Institutional-manager reports: 263 asset managers voting on “Resolution on the approval of the compensation report for fiscal year 2023” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER LP4,249,0920 00For
EAGLE CAPITAL MANAGEMENT LLC3,091,5740 00For
Fiera Capital Corp1,358,9430 00For
Northern Trust1,140,5280 00For
ENVESTNET ASSET MANAGEMENT INC852,8541,399 00For
RAYMOND JAMES & ASSOCIATES565,5270 00For
Natixis309,5090 00For
MAR VISTA INVESTMENT PARTNERS LLC284,3530 00For
Cardinal Capital Management, Inc.150,3650 00For
SCOTIA CAPITAL INC.138,1220 00For
PNC BANK, NATIONAL ASSOCIATION137,8670 00For
JARISLOWSKY, FRASER Ltd130,6390 00For
US BANK NATIONAL ASSOCIATION124,1140 00For
OPPENHEIMER ASSET MANAGEMENT INC.91,8480 00For
TRUIST FINANCIAL CORP64,9480 00For
LPL Financial LLC62,0270 00For
DIVIDEND ASSETS CAPITAL, LLC51,7920 00For
One Capital Management, LLC00 00Not Voted
Dash Acquisitions Inc.00 00Not Voted
Night Owl Capital Management, LLC41,5980 00For
HIGHLAND CAPITAL MANAGEMENT, LLC40,3640 00For
Cohen Klingenstein LLC35,3730 00For
MERCER GLOBAL ADVISORS INC /ADV35,0020 00For
NAPLES GLOBAL ADVISORS, LLC34,2810 00For
Cardinal Capital Management27,0990 00For

Institutional-manager reports, all 263 managers: 13,373,421 for, 52,316 against, 331 withheld, 12,062 abstained, 127,763 not voted, 3,306 unknown. Showing the 25 largest; see all in the interactive database.

35. Approve Remuneration Report

99.2% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 127 asset managers

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). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 115 asset managers voting on “Approve Remuneration Report” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,275,0860 00For
Vanguard31,767,0590 00For
Fidelity20,018,2910 00For
BlackRock18,777,4720 00For
MFS9,561,9380 00For
Goldman Sachs6,316,7660 00For
Six Circles Trust4,919,1380 00For
T. Rowe Price4,086,8040 00For
TIAA3,075,4820 00For
State Street2,542,7610 00For
Invesco2,297,1230 00For
Legg Mason1,859,6090 00For
GMO1,694,2460 00For
Brighthouse1,614,2590 00For
Morgan Stanley1,352,9130 00For
INVESTMENT CO OF AMERICA1,214,3180 00For
Columbia Threadneedle01,197,863 00Against
Equitable1,186,5760 00For
AMCAP FUND1,102,1260 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST1,032,5430 00For
HARRIS ASSOCIATES INVESTMENT TRUST795,8000 00For
BNY Mellon746,4290 00For
Lincoln Financial683,1740 00For
American Century637,2100 00For
NEW ECONOMY FUND624,8390 00For

Fund voting reports, all 115 managers: 162,575,440 for, 1,243,066 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 11 asset managers voting on “Approve Remuneration Report” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan4,684,6050 00For
APG Asset Management US Inc.2,439,0040 00For
Desjardins Global Asset Management Inc.1,740,5560 00For
Walter Scott & Partners Ltd1,622,4500 00For
Westwood Global Investments, LLC620,6090 00For
Crake Asset Management LLP320,5000 00For
CAMBIAR INVESTORS LLC129,6710 00For
Corient Private Wealth LLC3,5000 00For
Vontobel Holding Ltd.02,210 00Against
Warren Street Wealth Advisors, LLC1080 00For
NUANCE INVESTMENTS, LLC120 00For

Institutional-manager reports, all 11 managers: 11,561,015 for, 2,210 against.

36. Approve Remuneration Policy for the Supervisory Board

99.9% of fund votes cast · no official result

FOR
Details: votes by 119 asset managers

The 119 asset managers below reported 164,399,420 for, 42,013 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 164,399,420AGAINST: 42,013
Largest asset managers voting on “Approve Remuneration Policy for the Supervisory Board” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,275,0860 00For
Vanguard31,767,0590 00For
Fidelity20,018,2910 00For
BlackRock18,777,4720 00For
MFS9,561,9380 00For
Goldman Sachs6,316,7660 00For
Six Circles Trust4,919,1380 00For
T. Rowe Price4,086,8040 00For
TIAA3,075,4820 00For
State Street2,542,7610 00For
Invesco2,297,1230 00For
Legg Mason1,859,6090 00For
GMO1,694,2460 00For
Brighthouse1,614,2590 00For
Morgan Stanley1,352,9130 00For
INVESTMENT CO OF AMERICA1,214,3180 00For
Columbia Threadneedle1,197,8630 00For
Equitable1,186,5760 00For
AMCAP FUND1,102,1260 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST1,032,5430 00For
HARRIS ASSOCIATES INVESTMENT TRUST795,8000 00For
BNY Mellon746,4290 00For
Lincoln Financial683,1740 00For
American Century637,2100 00For
NEW ECONOMY FUND624,8390 00For

Showing the 25 largest of 119 asset managers. See all 119 in the interactive database.

37. APPROVAL OF THE COMPENSATION REPORT FOR FISCAL YEAR 2023

95% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 75 asset managers

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). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 37 asset managers voting on “APPROVAL OF THE COMPENSATION REPORT FOR FISCAL YEAR 2023” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan1,586,0420 00For
Jackson National733,5870 00For
SEQUOIA FUND INC713,8890 00For
John Hancock514,6760 00For
BAILLIE GIFFORD FUNDS438,9120 00For
BBH Trust292,3020 00For
Brighthouse267,3450 00For
Bridge Builder Trust183,8900 00For
Natixis126,4480 00For
Allianz89,5450 00For
OPTIMUM FUND TRUST66,6680 00For
Guardian Variable Products Trust56,3700 00For
Innovator ETFs Trust41,6940 00For
Calamos41,1440 00For
CARILLON SERIES TRUST27,2090 00For
SCHWARTZ INVESTMENT TRUST26,0000 00For
Harbor ETF Trust23,1080 00For
TOUCHSTONE STRATEGIC TRUST22,9300 00For
PFM Multi-Manager Series Trust22,0220 00For
Advisors' Inner Circle Fund III18,3000 00For
ADVISORS' INNER CIRCLE FUND16,0000 00For
MARSICO INVESTMENT FUND00 00Not Voted
TRUST FOR PROFESSIONAL MANAGERS13,0300 00For
Listed Funds Trust11,4510 00For
LKCM Funds11,3330 00For

Fund voting reports, all 37 managers: 5,394,267 for, 5,148 against, 13,737 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 41 asset managers voting on “APPROVAL OF THE COMPENSATION REPORT FOR FISCAL YEAR 2023” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
EdgePoint Investment Group Inc.2,887,2440 00For
Egerton Capital (UK) LLP2,413,3970 00For
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO2,313,2000 00For
BAILLIE GIFFORD OVERSEAS LTD1,884,7420 00For
Northern Trust1,513,15089,882 00Mixed
Korea Investment CORP0911,833 00Against
1832 Asset Management L.P.909,3980 00For
JPMorgan640,1390 00For
Treasurer of the State of North Carolina289,6000 00For
South Dakota Investment Council271,7710 00For
LETKO, BROSSEAU & ASSOCIATES INC264,8630 00For
Siemens Fonds Invest GmbH260,7470 00For
BAILLIE GIFFORD & CO LTD259,9590 00For
JARISLOWSKY, FRASER Ltd112,7300 00For
MARSICO CAPITAL MANAGEMENT LLC00 00Not Voted
Polaris Capital Management, LLC58,5050 00For
Baillie Gifford Investment Management (Europe) Ltd47,3830 00For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO35,6300 00For
LINCLUDEN MANAGEMENT LTD26,0350 00For
Apollo Management Holdings, L.P.00 21,2110Abstain
Onex Canada Asset Management Inc.15,1320 00For
NATIONAL BANK TRUST INC.8,6710 00For
ARDSLEY ADVISORY PARTNERS LP5,8000 00For
Calamos5,2060 00For
PNC BANK, NATIONAL ASSOCIATION2,9550 00For

Institutional-manager reports, all 41 managers: 14,238,804 for, 1,001,715 against, 21,211 abstained, 62,113 not voted. Showing the 25 largest; see all in the interactive database.

38. Ratify BDO AG as Auditors for Fiscal Year 2024 and as Auditors of Sustainability Reporting for Fiscal Year 2024

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 117 asset managers

The 117 asset managers below reported 164,439,223 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 164,439,223
Largest asset managers voting on “Ratify BDO AG as Auditors for Fiscal Year 2024 and as Auditors of Sustainability Reporting for Fiscal Year 202” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group34,275,0860 00For
Vanguard31,767,0590 00For
Fidelity20,018,2910 00For
BlackRock18,777,4720 00For
MFS9,561,9380 00For
Goldman Sachs6,316,7660 00For
Six Circles Trust4,919,1380 00For
T. Rowe Price4,086,8040 00For
TIAA3,075,4820 00For
State Street2,542,7610 00For
Invesco2,297,1230 00For
Legg Mason1,859,6090 00For
GMO1,694,2460 00For
Brighthouse1,614,2590 00For
Morgan Stanley1,352,9130 00For
INVESTMENT CO OF AMERICA1,214,3180 00For
Columbia Threadneedle1,197,8630 00For
Equitable1,186,5760 00For
AMCAP FUND1,102,1260 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST1,032,5430 00For
HARRIS ASSOCIATES INVESTMENT TRUST795,8000 00For
BNY Mellon746,4290 00For
Lincoln Financial683,1740 00For
American Century637,2100 00For
NEW ECONOMY FUND624,8390 00For

Showing the 25 largest of 117 asset managers. See all 117 in the interactive database.

39. APPOINTMENT OF THE AUDITORS OF THE ANNUAL FINANCIAL STATEMENTS AND GROUP ANNUAL FINANCIAL STATEMENTS AND OF THE…

No official resultsAUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: description as filed, votes by 56 asset managers

Description as filed by funds: APPOINTMENT OF THE AUDITORS OF THE ANNUAL FINANCIAL STATEMENTS AND GROUP ANNUAL FINANCIAL STATEMENTS AND OF THE AUDITORS OF THE SUSTAINABILITY REPORTING FOR FISCAL YEAR 2024

The 56 asset managers below reported 7,382,859 for, 200 against, 3,632 abstained, 25,093 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,382,859AGAINST: 200ABSTAIN: 3,632NOT VOTED: 25,093
Largest asset managers voting on “APPOINTMENT OF THE AUDITORS OF THE ANNUAL FINANCIAL STATEMENTS AND GROUP ANNUAL FINANCIAL STATEMENTS AND OF TH” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC1,695,2710 00For
JPMorgan1,586,0420 00For
Jackson National733,5870 00For
SEQUOIA FUND INC713,8890 00For
John Hancock514,6760 00For
BAILLIE GIFFORD FUNDS438,9120 00For
BBH Trust292,3020 00For
Brighthouse267,3450 00For
Bridge Builder Trust183,8900 00For
Natixis126,4480 00For
Allianz89,5450 00For
BUFFALO FUNDS87,3910 00For
OPTIMUM FUND TRUST66,6680 00For
MARSICO INVESTMENT FUND46,2940 00For
Guardian Variable Products Trust56,3700 00For
TRUST FOR PROFESSIONAL MANAGERS45,9740 00For
Innovator ETFs Trust41,8290 00For
Calamos41,5220 00For
Resolute Capital Asset Partners LLC35,0000 00For
CARILLON SERIES TRUST27,2090 00For
SCHWARTZ INVESTMENT TRUST26,0000 00For
Morningstar Funds Trust25,6210 00For
Harbor ETF Trust23,6650 00For
TOUCHSTONE STRATEGIC TRUST22,9300 00For
PFM Multi-Manager Series Trust22,0220 00For

Showing the 25 largest of 56 asset managers. See all 56 in the interactive database.

40. Appointment of Auditor; Appointment of Auditor for Sustainability Reporting

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 21 asset managers

The 21 asset managers below reported 9,295,507 for, 37,668 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 9,295,507ABSTAIN: 37,668
Largest asset managers voting on “Appointment of Auditor; Appointment of Auditor for Sustainability Reporting” at SAP SE, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab2,986,9280 00For
Vanguard2,575,6620 00For
Hartford1,695,0600 00For
SEI781,6740 00For
Mercer Funds450,8460 00For
Prudential/PGIM244,5970 00For
Russell Investments148,7220 00For
BRANDES INVESTMENT TRUST98,4290 00For
Federated Hermes78,9060 00For
Neuberger Berman78,2850 00For
Global X51,1540 00For
Brighthouse6,0970 37,6680Mixed
Morgan Stanley33,4700 00For
IMPAX FUNDS SERIES TRUST III21,0180 00For
PACE SELECT ADVISORS TRUST19,9070 00For
Brown Capital Management Mutual Funds9,8110 00For
2023 ETF Series Trust9,6520 00For
Putnam3,2500 00For
Adviser Managed Trust1,3360 00For
Principal3800 00For
Northern Lights Fund Trust IV3230 00For

Showing the 40 reported items with the widest manager coverage, of 57 in total. View every item.

Largest SAP SE 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 1,228,504,232 shares outstanding at the time of that meeting.

Fund voting reports: top SAP SE shareholders by shares voted on “Approve Remuneration Report”, 2023-2024
#Asset manager % of shares outstanding
1Capital Group 2.79%
2Vanguard 2.59%
3Fidelity 1.63%
4BlackRock 1.53%
5MFS 0.78%
6Goldman Sachs 0.51%
7Six Circles Trust 0.40%
8T. Rowe Price 0.33%
9TIAA 0.25%
10State Street 0.21%
Institutional-manager reports: top SAP SE shareholders by shares voted on “Resolution on the approval of the compensation report for fiscal year 2023”, 2023-2024
#Asset manager % of shares outstanding
1HARDING LOEVNER LP 0.35%
2EAGLE CAPITAL MANAGEMENT LLC 0.25%
3Fiera Capital Corp 0.11%
4Northern Trust 0.09%
5ENVESTNET ASSET MANAGEMENT INC 0.07%
6RAYMOND JAMES & ASSOCIATES 0.05%
7Natixis 0.03%
8MAR VISTA INVESTMENT PARTNERS LLC 0.02%
9Cardinal Capital Management, Inc. 0.01%
10SCOTIA CAPITAL INC. 0.01%

Percentages above are of 1,228,504,232 shares outstanding, as reported by SAP SE on its Form 20-F dated December 31, 2023 (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 SAP SE’s 20-F dated December 31, 2023. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At SAP SE's shareholder meeting held May 15, 2024, in the 2023-2024 proxy season, 506 asset managers reported how they voted in their SEC Form N-PX filings, covering 9,031 separate fund positions. Their filings are grouped here into 57 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Resolution on the approval of the compensation report for fiscal year 2023 — the reporting funds and managers cast 99.6% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.

SAP SE proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.

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