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Legg Mason 2025-2026: where it broke with the board

Two kinds of vote are listed: a board-sponsored proposal Legg Mason voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.

Everything Only shareholder proposals it backed

972 proposals.

Legg Mason, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedLegg Mason votedFunds
Anheuser-Busch InBev NV April 29, 2026 Acknowledge Resignation of Martin J. Barrington as Restricted Share Director and Elect William F. Gifford, Jr. as Restricted Share Director Director Elections Board AGAINST 1
Anheuser-Busch InBev NV April 29, 2026 Acknowledge Resignation of Nitin Nohria as Director and Elect Fabrizio Freda as Director Director Elections Board AGAINST 1
Anheuser-Busch InBev NV April 29, 2026 Acknowledge Resignation of Salvatore Mancuso as Restricted Share Director and Elect Jennifer Hunter as Restricted Share Director Director Elections Board AGAINST 1
Anheuser-Busch InBev NV April 29, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
Anheuser-Busch InBev NV April 29, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Anheuser-Busch InBev NV April 29, 2026 Authorize Repurchase of Up to 20 Percent of Issued Share Capital Capital Structure Board AGAINST 1
Anheuser-Busch InBev NV April 29, 2026 Reelect Alejandro Santo Domingo as Restricted Share Director Director Elections Board AGAINST 1
Anika Therapeutics, Inc. June 18, 2026 Approval of the Amendment to the Anika Therapeutics, Inc. 2017 Omnibus Incentive Plan. Compensation Board ABSTAIN 1
Anterix Inc. August 5, 2025 To approve, on an advisory (non-binding) basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 1
Antero Midstream Corporation June 3, 2026 Class I Nominees: W. Howard Keenan, Jr. Director Elections Board WITHHOLD 1
Apollo Global Management, Inc. June 8, 2026 An advisory vote to approve the compensation of AGM's named executive officers (Say on Pay); Say-on-Pay Board AGAINST 1
Appian Corporation June 3, 2026 Election of Directors: Barbara Bobbie Kilberg Director Elections Board WITHHOLD 1
Appian Corporation June 3, 2026 Election of Directors: Mark Lynch Director Elections Board WITHHOLD 1
Appian Corporation June 3, 2026 Election of Directors: Matthew Calkins Director Elections Board WITHHOLD 1
Appian Corporation June 3, 2026 Election of Directors: Michael Beckley Director Elections Board WITHHOLD 1
Appian Corporation June 3, 2026 Election of Directors: Robert C. Kramer Director Elections Board WITHHOLD 1
Appian Corporation June 3, 2026 Election of Directors: Shirley A. Edwards Director Elections Board WITHHOLD 1
Appian Corporation June 3, 2026 To approve the Appian Corporation Amended and Restated 2017 Equity Incentive Plan. Compensation Board AGAINST 1
Arcutis Biotherapeutics, Inc. June 5, 2026 Election of Class III directors to hold office until the 2029 Annual Meeting of Stockholders or until their successors are elected: Patrick J. Heron Director Elections Board WITHHOLD 1
Ares Capital Corporation August 8, 2025 To authorize the Company, with the approval of its board of directors, to sell or otherwise issue shares of its common stock at a price below its then current net asset value per share subject to the limitations set forth in the proxy statement for the special meeting of stockholders (including, without limitation, that the number of shares issued does not exceed 25% of the Company's then outstanding common stock). If approved, the authorization would be effective for common stock issued during a twelve-month period expiring on the anniversary of the date of this Special Meeting. Capital Structure Board AGAINST 1
Ares Management Corporation June 8, 2026 Election of Directors: Antoinette Bush Director Elections Board AGAINST 1
Ares Management Corporation June 8, 2026 Election of Directors: Antony P. Ressler Director Elections Board AGAINST 1
Ares Management Corporation June 8, 2026 Election of Directors: Ashish Bhutani Director Elections Board AGAINST 1
Ares Management Corporation June 8, 2026 Election of Directors: Bennett Rosenthal Director Elections Board AGAINST 1
Ares Management Corporation June 8, 2026 Election of Directors: David B. Kaplan Director Elections Board AGAINST 1
Ares Management Corporation June 8, 2026 Election of Directors: Dr. Judy D. Olian Director Elections Board AGAINST 1
Ares Management Corporation June 8, 2026 Election of Directors: Eileen Naughton Director Elections Board AGAINST 1
Ares Management Corporation June 8, 2026 Election of Directors: Michael J Arougheti Director Elections Board AGAINST 1
Ares Management Corporation June 8, 2026 Election of Directors: Michael Lynton Director Elections Board AGAINST 1
Ares Management Corporation June 8, 2026 Election of Directors: Paul G. Joubert Director Elections Board AGAINST 1
Ares Management Corporation June 8, 2026 Election of Directors: R. Kipp deVeer Director Elections Board AGAINST 1
Arista Networks, Inc. May 29, 2026 Approval, on an advisory basis, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 1
Arista Networks, Inc. May 29, 2026 Election of Directors: Greg Lavender Director Elections Board WITHHOLD 1
Arista Networks, Inc. May 29, 2026 Election of Directors: Lewis Chew Director Elections Board WITHHOLD 1
Arista Networks, Inc. May 29, 2026 Election of Directors: Mark B. Templeton Director Elections Board WITHHOLD 1
Asana, Inc. June 8, 2026 Approval, on an advisory basis, of the compensation of the Company's named executive officers ("Say-on-Pay"). Say-on-Pay Board AGAINST 1
AutoNation, Inc. April 28, 2026 Adoption of stockholder proposal regarding GHG report. Environment or Climate Shareholder Against FOR 1
Axos Financial, Inc. November 13, 2025 Election of Directors: James J. Court Director Elections Board WITHHOLD 1
Axos Financial, Inc. November 13, 2025 Election of Directors: Stefani D. Carter Director Elections Board WITHHOLD 1
Axos Financial, Inc. November 13, 2025 To approve an amendment to the Amended and Restated 2014 Stock Incentive Plan. Compensation Board ABSTAIN 1
Axos Financial, Inc. November 13, 2025 To approve an amendment to the Amended and Restated 2014 Stock Incentive Plan. Compensation Board AGAINST 1
Axos Financial, Inc. November 13, 2025 To approve in a non-binding and advisory vote, the compensation of the Company's Named Executive Officers as disclosed in the proxy statement. Say-on-Pay Board ABSTAIN 1
Axos Financial, Inc. November 13, 2025 To approve in a non-binding and advisory vote, the compensation of the Company's Named Executive Officers as disclosed in the proxy statement. Say-on-Pay Board AGAINST 1
BAWAG Group AG April 22, 2026 Approve Remuneration Report Compensation Board AGAINST 1
BK Technologies Corporation June 18, 2026 To approve, on an advisory, non-binding basis, the compensation of our named executive officers. Say-on-Pay Board ABSTAIN 1
BRC Group Holdings, Inc. May 19, 2026 To approve, on an advisory basis, the compensation of our named executive officers. Say-on-Pay Board ABSTAIN 1
BYD Company Limited June 9, 2026 Approve General and Unconditional Mandate to the Board of Directors of BYD Electronic (International) Company Limited to Allot, Issue and Deal with New Shares of BYD Electronic Capital Structure Board AGAINST 1
BYD Company Limited June 9, 2026 Approve Grant to the Board a General Mandate to Allot, Issue and Deal with Additional H Shares in the Capital of the Company Capital Structure Board AGAINST 1
BYD Company Limited June 9, 2026 Authorize the Board to Determine the Proposed Plan for the Issuance of Debt Financing Instrument(s) Capital Structure Board AGAINST 1
Ball Corporation April 29, 2026 Election of Directors: Todd A. Penegor Director Elections Board AGAINST 1
Banca Monte dei Paschi di Siena SpA April 15, 2026 Approve Remuneration of Board Chair Compensation Board AGAINST 1
Banca Monte dei Paschi di Siena SpA April 15, 2026 Elect Alessandro Caltagirone as Director Director Elections Board AGAINST 1
Banca Monte dei Paschi di Siena SpA April 15, 2026 Elect Domenico Lombardi as Director Director Elections Board AGAINST 1
Banca Monte dei Paschi di Siena SpA April 15, 2026 Elect Elena De Simone as Director Director Elections Board AGAINST 1
Banca Monte dei Paschi di Siena SpA April 15, 2026 Elect Francesca Pace as Director Director Elections Board AGAINST 1
Banca Monte dei Paschi di Siena SpA April 15, 2026 Elect Gianmarco Montanari as Director Director Elections Board AGAINST 1
Banca Monte dei Paschi di Siena SpA April 15, 2026 Elect Nicola Maione as Board Chair Director Elections Board AGAINST 1
Banca Monte dei Paschi di Siena SpA April 15, 2026 Elect Nicola Maione as Director Director Elections Board AGAINST 1
Banca Monte dei Paschi di Siena SpA April 15, 2026 Elect Rosa Cipriotti as Director Director Elections Board AGAINST 1
Banca Monte dei Paschi di Siena SpA April 15, 2026 Elect Simonetta Iarlori as Director Director Elections Board AGAINST 1
Bank of Hawaii Corporation April 24, 2026 Say on Pay - An advisory vote on executive compensation. Say-on-Pay Board AGAINST 1
BankUnited, Inc. May 21, 2026 To approve the BankUnited, Inc. Amended and Restated 2023 Omnibus Equity Incentive Plan. Compensation Board AGAINST 1
Baxter International Inc. May 5, 2026 Approval of the Baxter International Inc. Second Amended and Restated 2021 Incentive Plan Compensation Board AGAINST 1
Bio-Rad Laboratories, Inc. April 21, 2026 Nominees: Arnold A. Pinkston Director Elections Board AGAINST 1
Bio-Rad Laboratories, Inc. April 21, 2026 Nominees: Melinda Litherland Director Elections Board AGAINST 1
BioCryst Pharmaceuticals, Inc. June 11, 2026 To approve an amended and restated Stock Incentive Plan, increasing the number of shares available for issuance under the Stock Incentive Plan. Compensation Board AGAINST 1
BioCryst Pharmaceuticals, Inc. June 11, 2026 To hold a non-binding, advisory vote regarding executive compensation. Say-on-Pay Board AGAINST 1
Bloom Energy Corporation May 21, 2026 Election of our four Class II Directors: Barbara Burger Director Elections Board WITHHOLD 1
Bloom Energy Corporation May 21, 2026 Election of our four Class II Directors: Eddy Zervigon Director Elections Board WITHHOLD 1
Box, Inc. June 25, 2026 Election of Directors: Jack Lazar Director Elections Board AGAINST 1
Box, Inc. June 25, 2026 Election of Directors: Steve Murphy Director Elections Board AGAINST 1
Box, Inc. June 25, 2026 Election of Directors: Sue Barsamian Director Elections Board AGAINST 1
Box, Inc. June 25, 2026 To approve an amendment to our Amended and Restated 2015 Equity Incentive Plan to increase the number of shares reserved for issuance by 7,200,000 shares. Compensation Board AGAINST 1
Brambles Limited October 23, 2025 Elect Maxine Nicole Brenner as Director Director Elections Board AGAINST 1
BridgeBio Pharma, Inc. June 22, 2026 To approve an amendment and restatement of the 2021 Amended and Restated BridgeBio Pharma, Inc. Stock Option and Incentive Plan to increase the number of shares of common stock reserved for issuance thereunder by 2,000,000 shares. Compensation Board AGAINST 1
Bridgestone Corp. March 24, 2026 Elect Director Masuda, Kenichi Director Elections Board AGAINST 1
Bridgestone Corp. March 24, 2026 Elect Director Scott Trevor Davis Director Elections Board AGAINST 1
Bumble Inc. June 4, 2026 Approval, on a non-binding advisory basis, of the compensation of the named executive officers as disclosed in the Proxy Statement. Say-on-Pay Board ABSTAIN 1
Bumble Inc. June 4, 2026 Approval, on a non-binding advisory basis, of the compensation of the named executive officers as disclosed in the Proxy Statement. Say-on-Pay Board AGAINST 1
Bunge Global SA May 20, 2026 Election of Directors: Markus Walt Director Elections Board AGAINST 1
Bunge Global SA May 20, 2026 Reelection of Four Members of the Human Resources and Compensation Committee: Markus Walt Director Elections Board AGAINST 1
CK Hutchison Holdings Limited May 21, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
CLP Holdings Limited May 8, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
CNA Financial Corporation April 29, 2026 An advisory (non-binding) vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 1
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: Andrew H. Tisch Director Elections Board WITHHOLD 1
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: Benjamin J. Tisch Director Elections Board WITHHOLD 1
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: Douglas M. Worman Director Elections Board WITHHOLD 1
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: James S. Tisch Director Elections Board WITHHOLD 1
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: Jane J. Wang Director Elections Board WITHHOLD 1
CNA Financial Corporation April 29, 2026 Election to the Board of the ten nominees named below: Kenneth I. Siegel Director Elections Board WITHHOLD 1
CSX Corporation May 12, 2026 Election of Directors: John J. Zillmer Director Elections Board AGAINST 1
CVS Health Corporation May 14, 2026 Election of Directors: C. David Brown II Director Elections Board AGAINST 1
CVS Health Corporation May 14, 2026 Election of Directors: Leslie V. Norwalk Director Elections Board AGAINST 1
Cal-Maine Foods, Inc. October 3, 2025 Election of Class I Directors: Camille S. Young Director Elections Board WITHHOLD 1
Calavo Growers, Inc. April 28, 2026 The Merger-Related Compensation Proposal - A non-binding, advisory proposal to approve compensation that will or may become payable by Calavo to its named executive officers in connection with the transactions contemplated by the Merger Agreement. Say-on-Pay Board ABSTAIN 1
Camping World Holdings, Inc. May 21, 2026 Election of Class I Directors: K. Dillon Schickli Director Elections Board WITHHOLD 1
CareDx, Inc. June 11, 2026 Approval of an amendment to the 2024 Equity Incentive Plan. Compensation Board AGAINST 1
Carter's, Inc. May 13, 2026 Approval of amended and restated equity incentive plan Compensation Board ABSTAIN 1
Carvana Co. May 5, 2026 Election of Directors: Neha Parikh Director Elections Board WITHHOLD 1
Celcuity Inc. May 14, 2026 Elect eight directors: Leo T. Furcht Director Elections Board WITHHOLD 1

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Built November 1, 2026 from SEC Form N-PX filings.