Home › Asset managers › Northwestern Mutual › 2025-2026 › Against the board
916 proposals in the 2025-2026 proxy season: Northwestern Mutual voted against, or withheld its votes from, 895 proposals put forward by company boards, and voted for 21 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal Northwestern Mutual 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
916 proposals.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Northwestern Mutual voted | Funds |
|---|---|---|---|---|---|---|---|
| Autodesk, Inc. | June 17, 2026 | Election of Directors: John T. Cahill | Director Elections | Board | AGAINST | 1 | |
| Axon Enterprise, Inc. | May 28, 2026 | Election of Directors: Michael Garnreiter | Director Elections | Board | AGAINST | 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 | AGAINST | 1 | |
| BGC Group, Inc. | November 12, 2025 | Election of Directors: Arthur U. Mbanefo | Director Elections | Board | WITHHOLD | 1 | |
| BGC Group, Inc. | November 12, 2025 | Election of Directors: Brandon G. Lutnick | Director Elections | Board | WITHHOLD | 1 | |
| BGC Group, Inc. | November 12, 2025 | Election of Directors: David P. Richards | Director Elections | Board | WITHHOLD | 1 | |
| BGC Group, Inc. | November 12, 2025 | Election of Directors: Linda A. Bell | Director Elections | Board | WITHHOLD | 1 | |
| BGC Group, Inc. | November 12, 2025 | Election of Directors: Stephen M. Merkel | Director Elections | Board | WITHHOLD | 1 | |
| BJ's Wholesale Club Holdings, Inc. | June 18, 2026 | Election of ten director nominees for term expiring 2027: Darryl Brown | Director Elections | Board | WITHHOLD | 1 | |
| BRIGHT HORIZONS FAMILY SOLUTIONS INC. | June 3, 2026 | To approve, on an advisory basis, the 2025 compensation paid by the Company to its Named Executive Officers. | Say-on-Pay | Board | AGAINST | 1 | |
| BURLINGTON STORES, INC. | May 19, 2026 | Approval, on a non-binding advisory basis, of the compensation of Burlington Stores, Inc.'s named executive officers ("Say-On-Pay") | Say-on-Pay | Board | AGAINST | 1 | |
| BURLINGTON STORES, INC. | May 19, 2026 | Election of Director: Jordan Hitch | Director Elections | Board | AGAINST | 1 | |
| Balchem Corporation | June 18, 2026 | Election of Directors: David Fischer | Director Elections | Board | AGAINST | 1 | |
| Ball Corporation | April 29, 2026 | Election of Directors: Todd A. Penegor | 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 (inferred) | AGAINST | 1 | |
| BankUnited, Inc. | May 21, 2026 | To approve the BankUnited, Inc. Amended and Restated 2023 Omnibus Equity Incentive Plan. | Compensation | Board | AGAINST | 1 | |
| Banner Corporation | May 20, 2026 | Election of twelve directors to each serve for a one-year term: Roberto R. Herencia | Director Elections | Board | AGAINST | 1 | |
| Beazley Plc | April 22, 2026 | Amend Long-Term Incentive Plan | Compensation | Board | AGAINST | 1 | |
| Beiersdorf AG | April 23, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 1 | |
| BellRing Brands, Inc. | January 28, 2026 | Election of Directors: Robert V. Vitale | Director Elections | Board | WITHHOLD | 1 | |
| Bentley Systems, Incorporated | May 21, 2026 | Election of Directors: Kirk B. Griswold | Director Elections | Board | WITHHOLD | 1 | |
| Berkshire Hathaway Inc. | May 2, 2026 | Election of Directors: Charlotte Guyman | Director Elections | Board | WITHHOLD | 1 | |
| Berkshire Hathaway Inc. | May 2, 2026 | Election of Directors: Kenneth I. Chenault | Director Elections | Board | WITHHOLD | 1 | |
| Berkshire Hathaway Inc. | May 2, 2026 | Election of Directors: Stephen B. Burke | Director Elections | Board | WITHHOLD | 1 | |
| Berkshire Hathaway Inc. | May 2, 2026 | Election of Directors: Susan L. Decker | Director Elections | Board | WITHHOLD | 1 | |
| Berkshire Hathaway Inc. | May 2, 2026 | Election of Directors: Thomas S. Murphy, Jr. | Director Elections | Board | WITHHOLD | 1 | |
| Bharti Airtel Limited | August 8, 2025 | Reelect Chua Sock Koong as Director | Director Elections | Board | AGAINST | 1 | |
| Bill Holdings, Inc. | December 11, 2025 | To elect the directors listed below: Allie Kline | Director Elections | Board | WITHHOLD | 1 | |
| BioCryst Pharmaceuticals, Inc. | June 11, 2026 | To hold a non-binding, advisory vote regarding executive compensation. | Say-on-Pay | Board (inferred) | AGAINST | 1 | |
| BioLife Solutions, Inc. | August 20, 2025 | Election of Directors: Joydeep Goswami | Director Elections | Board | WITHHOLD | 1 | |
| BioLife Solutions, Inc. | August 20, 2025 | Election of Directors: Rachel Ellingson | Director Elections | Board | WITHHOLD | 1 | |
| BioMarin Pharmaceutical Inc. | June 2, 2026 | To approve, on an advisory basis, the compensation of the Company's Named Executive Officers as disclosed in the Proxy Statement. | Say-on-Pay | Board | AGAINST | 1 | |
| Black Diamond Therapeutics, Inc. | June 26, 2026 | Election of Class III Directors: Kapil Dhingra | Director Elections | Board | WITHHOLD | 1 | |
| Black Diamond Therapeutics, Inc. | June 26, 2026 | Election of Class III Directors: Shannon Campbell | Director Elections | Board | WITHHOLD | 1 | |
| BlackLine, Inc. | May 7, 2026 | Election of Directors: David Henshall | Director Elections | Board | WITHHOLD | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Adebayo Ogunlesi | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Amin H. Nasser | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Charles H. Robbins | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Cheryl D. Mills | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Fabrizio Freda | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Gordon M. Nixon | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Gregg R. Lemkau | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Gregory J. Fleming | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Hans E. Vestberg | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Kathleen Murphy | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Kristin C. Peck | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Laurence D. Fink | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Margaret "Peggy" L. Johnson | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Mark Wilson | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Murry S. Gerber | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Pamela Daley | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Robert S. Kapito | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: Susan L. Wagner | Director Elections | Board | AGAINST | 1 | |
| BlackRock, Inc. | May 20, 2026 | Election of Directors: William E. Ford | Director Elections | Board | AGAINST | 1 | |
| Boston Scientific Corporation | April 30, 2026 | Proposal to elect ten Directors: David C. Habiger | Director Elections | Board | AGAINST | 1 | |
| Broadcom Inc. | April 20, 2026 | Election of Directors: Harry L. You | Director Elections | Board | AGAINST | 1 | |
| Burlington Stores, Inc. | May 19, 2026 | Election of Directors: John Mahoney | Director Elections | Board | AGAINST | 1 | |
| Butterfly Network, Inc. | June 18, 2026 | To approve by a non-binding advisory vote the compensation of the Company's named executive officers, as disclosed in the proxy statement. | Say-on-Pay | Board (inferred) | AGAINST | 1 | |
| CEMEX SAB de CV | March 26, 2026 | Elect Armando J. Garcia Segovia as Director | Director Elections | Board | AGAINST | 1 | |
| CEMEX SAB de CV | March 26, 2026 | Elect Julissa Reynoso Pantaleon as Director | Director Elections | Board | AGAINST | 1 | |
| CEMEX SAB de CV | March 26, 2026 | Elect Ramiro Gerardo Villarreal Morales as Chair of Audit Committee | Director Elections | Board | AGAINST | 1 | |
| CEMEX SAB de CV | March 26, 2026 | Elect Ramiro Gerardo Villarreal Morales as Director | Director Elections | Board | AGAINST | 1 | |
| CLOUDFLARE, INC. | June 30, 2026 | Approval of the amendment and restatement of our 2019 Equity Incentive Plan.* | Compensation | Board | AGAINST | 1 | |
| CLP Holdings Limited | May 8, 2026 | Elect Chan Bernard Charnwut as Director | Director Elections | Board | AGAINST | 1 | |
| CME Group Inc. | June 9, 2026 | Election of Equity Directors. Fourteen will be elected to the Board of Directors: Terrence A. Duffy | Director Elections | Board | AGAINST | 1 | |
| CORESTATE Capital Holding SA | March 25, 2026 | Approve Remuneration Report for the Financial Year 2022 | Compensation | Board | ABSTAIN | 1 | |
| CRISPR Therapeutics AG | June 4, 2026 | Non-binding advisory vote on the compensation paid to the Company's named executive officers under U.S. securities law requirements. | Say-on-Pay | Board (inferred) | AGAINST | 1 | |
| CRISPR Therapeutics AG | June 4, 2026 | Re-election of Ali Behbahani, M.D. | Director Elections | Board | AGAINST | 1 | |
| CRISPR Therapeutics AG | June 4, 2026 | Re-election of the members of the Compensation Committee: Re-election of Ali Behbahani, M.D. | Director Elections | Board | AGAINST | 1 | |
| CSL Limited | October 28, 2025 | Approve Conditional Board Spill Resolution | Compensation | Board | AGAINST | 1 | |
| CSX Corporation | May 12, 2026 | Election of Directors: John J. Zillmer | Director Elections | Board | AGAINST | 1 | |
| Cabaletta Bio, Inc. | June 9, 2026 | To approve, on a non-binding, advisory basis, the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Cable One, Inc. | May 14, 2026 | Election of Directors: Katharine B. Weymouth | Director Elections | Board | AGAINST | 1 | |
| Cabot Corporation | March 12, 2026 | Election of Directors: Raffiq Nathoo | Director Elections | Board | AGAINST | 1 | |
| Cabot Corporation | March 12, 2026 | Election of Directors: Thierry Vanlancker | Director Elections | Board | AGAINST | 1 | |
| Cactus, Inc. | May 12, 2026 | Election of Class II and Class III Directors Class III Nominees: Gary Rosenthal | 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 | |
| California Water Service Group | May 20, 2026 | Advisory vote to approve executive compensation. | Say-on-Pay | Board | AGAINST | 1 | |
| Calix, Inc. | May 14, 2026 | To elect each of the three director nominees named in the proxy statement: Kathleen Crusco | Director Elections | Board | WITHHOLD | 1 | |
| Callaway Golf Company | May 21, 2026 | To approve, on an advisory basis, the compensation of the Company's named executive officers | Say-on-Pay | Board | AGAINST | 1 | |
| CarGurus, Inc. | June 3, 2026 | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers for 2025. | Say-on-Pay | Board | AGAINST | 1 | |
| Carlisle Companies Incorporated | April 29, 2026 | To elect the two directors nominated by the Board of Directors: Sheryl D. Palmer | Director Elections | Board | AGAINST | 1 | |
| Carter's, Inc. | May 13, 2026 | Advisory approval of compensation of our named executive officers | Say-on-Pay | Board | AGAINST | 1 | |
| Carvana Co. | May 5, 2026 | Election of Directors: Michael Maroone | Director Elections | Board | WITHHOLD | 1 | |
| Carvana Co. | May 5, 2026 | Election of Directors: Neha Parikh | Director Elections | Board | WITHHOLD | 1 | |
| Cathay General Bancorp | May 18, 2026 | Election of Class III Directors, to be elected for the term ending 2029: Nelson Chung | Director Elections | Board | AGAINST | 1 | |
| Cathay General Bancorp | May 18, 2026 | Election of Class III Directors, to be elected for the term ending 2029: Richard Sun | Director Elections | Board | AGAINST | 1 | |
| Celanese Corporation | April 16, 2026 | Election of Directors: Deborah J. Kissire | Director Elections | Board | AGAINST | 1 | |
| Celanese Corporation | April 16, 2026 | Election of Directors: Ganesh Moorthy | Director Elections | Board | AGAINST | 1 | |
| CenterPoint Energy, Inc. | April 16, 2026 | Election of Directors: Wendy Montoya Cloonan | Director Elections | Board | AGAINST | 1 | |
| Central Garden & Pet Company | February 11, 2026 | Election of Directors: Christopher T. Metz | Director Elections | Board | WITHHOLD | 1 | |
| Central Garden & Pet Company | February 11, 2026 | Election of Directors: M. Beth Springer | Director Elections | Board | WITHHOLD | 1 | |
| Century Aluminum Company | June 15, 2026 | Elect Andrew Michelmore | Director Elections | Board | WITHHOLD | 1 | |
| Century Aluminum Company | June 15, 2026 | Elect Errol Glasser | Director Elections | Board | WITHHOLD | 1 | |
| Century Aluminum Company | June 15, 2026 | Elect Jarl Berntzen | Director Elections | Board | WITHHOLD | 1 | |
| Century Aluminum Company | June 15, 2026 | Elect Jennifer Bush | Director Elections | Board | WITHHOLD | 1 | |
| Century Aluminum Company | June 15, 2026 | Elect Tamla Olivier | Director Elections | Board | WITHHOLD | 1 | |
| Charter Communications, Inc. | April 21, 2026 | Election of Directors: Balan Nair | Director Elections | Board | AGAINST | 1 | |
| Chesapeake Utilities Corporation | May 6, 2026 | Election of Directors: Thomas J. Bresnan | Director Elections | Board | WITHHOLD | 1 |
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Built November 7, 2026 from SEC Form N-PX filings.