TXNM Energy, Inc. 2025-2026 Proxy Voting Records

Description as filed by funds: Election of Directors: E. Renae Conley

TXNM Energy, Inc.’s own tally for this item (“Elect Director: E. Renae Conley”): 88,179,291 for, 1,053,246 against, per its Form 8-K filed June 11, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following nominees were elected to TXNM's Board of Directors to serve as directors for a one-year term that expires at TXNM's Annual Meeting of Shareholders to be held in 2027.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 32,429,602 for, 661 against, 15,351 abstained, 120 not voted.

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

Description as filed by funds: Election of Directors: James A. Hughes

TXNM Energy, Inc.’s own tally for this item (“Elect Director: James A. Hughes”): 88,735,931 for, 471,779 against, per its Form 8-K filed June 11, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following nominees were elected to TXNM's Board of Directors to serve as directors for a one-year term that expires at TXNM's Annual Meeting of Shareholders to be held in 2027.”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 32,366,663 for, 63,599 against, 15,351 abstained, 120 not voted.

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

Description as filed by funds: Election of Directors: Joseph D. Tarry

TXNM Energy, Inc.’s own tally for this item (“Elect Director: Joseph D. Tarry”): 88,884,448 for, 342,093 against, per its Form 8-K filed June 11, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following nominees were elected to TXNM's Board of Directors to serve as directors for a one-year term that expires at TXNM's Annual Meeting of Shareholders to be held in 2027.”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 32,430,217 for, 46 against, 15,351 abstained, 120 not voted.

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

Description as filed by funds: Election of Directors: Lillian J. Montoya

TXNM Energy, Inc.’s own tally for this item (“Elect Director: Lillian J. Montoya”): 88,794,924 for, 435,066 against, per its Form 8-K filed June 11, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following nominees were elected to TXNM's Board of Directors to serve as directors for a one-year term that expires at TXNM's Annual Meeting of Shareholders to be held in 2027.”
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 32,366,664 for, 63,599 against, 15,351 abstained, 120 not voted.

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

Description as filed by funds: Election of Directors: Maureen T. Mullarkey

TXNM Energy, Inc.’s own tally for this item (“Elect Director: Maureen T. Mullarkey”): 88,242,541 for, 990,345 against, per its Form 8-K filed June 11, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following nominees were elected to TXNM's Board of Directors to serve as directors for a one-year term that expires at TXNM's Annual Meeting of Shareholders to be held in 2027.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 32,429,602 for, 661 against, 15,351 abstained, 120 not voted.

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

Description as filed by funds: Election of Directors: Norman P. Becker

TXNM Energy, Inc.’s own tally for this item (“Elect Director: Norman P. Becker”): 88,872,216 for, 348,411 against, per its Form 8-K filed June 11, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following nominees were elected to TXNM's Board of Directors to serve as directors for a one-year term that expires at TXNM's Annual Meeting of Shareholders to be held in 2027.”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 32,429,649 for, 614 against, 15,351 abstained, 120 not voted.

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

Description as filed by funds: Election of Directors: Patricia K. Collawn

TXNM Energy, Inc.’s own tally for this item (“Elect Director: Patricia K. Collawn”): 87,848,176 for, 1,378,787 against, per its Form 8-K filed June 11, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following nominees were elected to TXNM's Board of Directors to serve as directors for a one-year term that expires at TXNM's Annual Meeting of Shareholders to be held in 2027.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 32,355,593 for, 74,668 against, 15,351 abstained, 120 not voted.

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

Description as filed by funds: Election of Directors: Sidney M. Gutierrez

TXNM Energy, Inc.’s own tally for this item (“Elect Director: Sidney M. Gutierrez”): 88,657,040 for, 565,794 against, per its Form 8-K filed June 11, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following nominees were elected to TXNM's Board of Directors to serve as directors for a one-year term that expires at TXNM's Annual Meeting of Shareholders to be held in 2027.”
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 32,366,011 for, 64,252 against, 15,351 abstained, 120 not voted.

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

Description as filed by funds: Election of Directors: Steven C. Maestas

TXNM Energy, Inc.’s own tally for this item (“Elect Director: Steven C. Maestas”): 89,063,640 for, 165,870 against, per its Form 8-K filed June 11, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following nominees were elected to TXNM's Board of Directors to serve as directors for a one-year term that expires at TXNM's Annual Meeting of Shareholders to be held in 2027.”
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 32,430,261 for, 15,351 abstained, 120 not voted.

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

Description as filed by funds: Election of Directors: Vicky A. Bailey

TXNM Energy, Inc.’s own tally for this item (“Elect Director: Vicky A. Bailey”): 88,707,042 for, 525,533 against, per its Form 8-K filed June 11, 2026 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The following nominees were elected to TXNM's Board of Directors to serve as directors for a one-year term that expires at TXNM's Annual Meeting of Shareholders to be held in 2027.”
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 94 asset managers below reported 32,366,053 for, 64,209 against, 15,351 abstained, 120 not voted.

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

Description as filed by funds: Approve the Agreement and Plan of Merger, dated as of May 18, 2025, (the merger agreement) by and among TXNM Energy, Inc. (TXNM), Troy ParentCo LLC, and Troy Merger Sub Inc.

TXNM Energy, Inc.’s own tally for this item (“Proposal 1: Merger Proposal TXNM's shareholders approved the Agreement and Plan of Merger, dated as of May 18, 2025, by and among TXNM, Troy ParentCo LLC, and Troy Merger Sub Inc”): 92,921,678 for, 347,430 against — passed, per its Form 8-K filed August 28, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal 1: Merger Proposal TXNM's shareholders approved the Agreement and Plan of Merger, dated as of May 18, 2025, by and among TXNM, Troy ParentCo LLC, and Troy Merger Sub Inc. (the "Merger Agreement"), by the vote indicated below:”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 118 asset managers below reported 42,745,021 for.

Showing the 25 largest of 118 asset managers. See all 118 in the interactive database.

The 3 asset managers below reported 112,506 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.

Description as filed by funds: Approve one or more adjournments of the special meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the special meeting to approve the merger agreement.

The 117 asset managers below reported 39,500,696 for, 3,220,167 against, 20,524 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.

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

The 2 asset managers below reported 112,269 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.

Description as filed by funds: Approve, by non-binding, advisory vote, certain compensation arrangements for TXNM's named executive officers in connection with the merger contemplated by the merger agreement.

TXNM Energy, Inc.’s own tally for this item (“Proposal 2: Advisory Vote on Merger-Related Compensation TXNM's shareholders approved, on a non-binding, advisory basis, certain compensation arrangements for TXNM's named executive officers in connection with the merger”): 86,771,502 for, 6,326,255 against — passed, per its Form 8-K filed August 28, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “Proposal 2: Advisory Vote on Merger-Related Compensation TXNM's shareholders approved, on a non-binding, advisory basis, certain compensation arrangements for TXNM's named executive officers in connection with the merger contemplated by the Merger Agreement, by the vote indicated below:”
Support: 93% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

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, all 117 managers: 39,705,913 for, 3,014,950 against, 20,524 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports, all 298 managers: 52,275,212 for, 5,716,883 against, 85,076 abstained, 733 not voted. Showing the 25 largest; see all in the interactive database.

Description as filed by funds: Approve, on an advisory basis, the compensation of our named executive officers.

TXNM Energy, Inc.’s own tally for this item (“TXNM's shareholders approved, on an advisory basis, the compensation of TXNM's NEOs, by the vote indicated below:”): 88,014,281 for, 1,167,803 against — passed, per its Form 8-K filed June 11, 2026 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “TXNM's shareholders approved, on an advisory basis, the compensation of TXNM's NEOs, by the vote indicated below:”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of TXNM Energy, Inc.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Advisory Vote to Ratify Named Executive Officers' Compensation” (10 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “To Approve, By An Advisory Vote, The Compensation Of The Company's Named Executives” (2 managers, 36 for).

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, all 93 managers: 32,305,312 for, 79,304 against, 15,351 abstained, 120 not voted, 196 mixed. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports, all 315 managers: 57,426,845 for, 861,726 against, 74 abstained, 1,820 not voted. Showing the 25 largest; see all in the interactive database.

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, all 2 managers: 112,269 for.

Institutional-manager reports, all 4 managers: 223,057 for.

Description as filed by funds: RATIFY APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2026.

TXNM Energy, Inc.’s own tally for this item (“The appointment of KPMG LLP to serve as TXNM's independent public accountants for the year ending December 31, 2026, was ratified by TXNM's shareholders by the vote indicated below:”): 97,185,638 for, 356,222 against — passed, per its Form 8-K filed June 11, 2026 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The appointment of KPMG LLP to serve as TXNM's independent public accountants for the year ending December 31, 2026, was ratified by TXNM's shareholders by the vote indicated below:”
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 95 asset managers below reported 32,430,454 for, 45 against, 15,351 abstained, 120 not voted.

Showing the 25 largest of 95 asset managers. See all 95 in the interactive database.