Home › Asset managers › Principal › 2024-2025 › Against the board
Two kinds of vote are listed: a board-sponsored proposal Principal 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
2,933 proposals.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Principal voted | Funds |
|---|---|---|---|---|---|---|---|
| Hilltop Holdings, Inc. | July 25, 2024 | Election of Directors: W. Robert Nichols, III | Director Elections | Board | WITHHOLD | 2 | |
| Holmen AB | March 31, 2025 | Reelect Fredrik Lundberg (Chair), Alice Kempe, Louise Lindh, Ulf Lundahl, Fredrik Persson, Henrik Sjolund, Henriette Zeuchner and Carina Akerstrom as Directors; Elect Stefan Widing as New Director | Director Elections | Board | AGAINST | 2 | |
| Houlihan Lokey, Inc. | September 18, 2024 | To elect four Class III directors to our board of directors: Scott J. Adelson | Director Elections | Board | WITHHOLD | 2 | |
| Howmet Aerospace, Inc. | May 28, 2025 | Election of Directors: Sharon R. Barner | Director Elections | Board | AGAINST | 2 | |
| Huron Consulting Group Inc. | May 9, 2025 | To approve an amendment to the Company's Amended and Restated 2012 Omnibus Incentive Plan. | Compensation | Board | AGAINST | 2 | |
| Immunovant, Inc. | August 12, 2024 | To elect as directors the three nominees named in the Company's proxy statement, each to hold office until our 2025 Annual Meeting of Stockholders and until their successors are duly elected and qualified: Peter Salzmann, M.D., M.B.A. | Director Elections | Board | WITHHOLD | 2 | |
| Incyte Corporation | June 10, 2025 | Approve amendments of the Company's Amended and Restated 2010 Stock Incentive Plan. | Compensation | Board | AGAINST | 2 | |
| Independent Bank Group, Inc. | August 14, 2024 | The IBTX compensation proposal: to approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to IBTX's named executive officers that is based on or otherwise relates to the merger; and | Say-on-Pay | Board | AGAINST | 2 | |
| Indus Towers Limited | August 29, 2024 | Reelect Rajan Bharti Mittal as Director | Director Elections | Board | AGAINST | 2 | |
| Infineon Technologies AG | February 20, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 2 | |
| Innovex International, Inc. | May 14, 2025 | To adopt the Company's 2025 Long-Term Incentive Plan. | Compensation | Board | AGAINST | 2 | |
| Inspire Medical Systems, Inc. | May 1, 2025 | Election of Class I Directors: Cynthia B. Burks | Director Elections | Board | WITHHOLD | 2 | |
| Inspire Medical Systems, Inc. | May 1, 2025 | Election of Class I Directors: Shawn T McCormick | Director Elections | Board | WITHHOLD | 2 | |
| Insteel Industries Inc. | February 11, 2025 | Election of Directors: Jon M. Ruth | Director Elections | Board | WITHHOLD | 2 | |
| Insteel Industries Inc. | February 11, 2025 | Election of Directors: Joseph A. Rutkowski | Director Elections | Board | WITHHOLD | 2 | |
| Interactive Brokers Group, Inc. | April 17, 2025 | Election of Directors: Earl H. Nemser | Director Elections | Board | AGAINST | 2 | |
| Interactive Brokers Group, Inc. | April 17, 2025 | Election of Directors: Milan Galik | Director Elections | Board | AGAINST | 2 | |
| Interactive Brokers Group, Inc. | April 17, 2025 | Election of Directors: Paul J. Brody | Director Elections | Board | AGAINST | 2 | |
| Interactive Brokers Group, Inc. | April 17, 2025 | Election of Directors: Thomas Peterffy | Director Elections | Board | AGAINST | 2 | |
| Interactive Brokers Group, Inc. | April 17, 2025 | Election of Directors: William Peterffy | Director Elections | Board | AGAINST | 2 | |
| JFrog Ltd. | May 20, 2025 | To approve changes to the compensation of Shlomi Ben Haim, our Chief Executive Officer. | Compensation | Board | AGAINST | 2 | |
| JFrog Ltd. | May 20, 2025 | To approve changes to the compensation of Yoav Landman, our Chief Technology Officer. | Compensation | Board | AGAINST | 2 | |
| JFrog Ltd. | May 20, 2025 | To approve the Company's 2025 Executive Officer and Director Compensation Policy. | Compensation | Board | AGAINST | 2 | |
| Jabil Inc. | January 23, 2025 | Approve (on an advisory basis) Jabil's executive compensation. | Say-on-Pay | Board | AGAINST | 2 | |
| KEPPEL DC REIT | April 15, 2025 | Elect Kenny Kwan as Director | Director Elections | Board | AGAINST | 2 | |
| KEYENCE Corp. | June 13, 2025 | Elect Director Nakata, Yu | Director Elections | Board | AGAINST | 2 | |
| Kering SA | April 24, 2025 | Reelect Francois-Henri Pinault as Director | Director Elections | Board | AGAINST | 2 | |
| KeyCorp | May 15, 2025 | Advisory approval of executive compensation. | Say-on-Pay | Board | AGAINST | 2 | |
| Komatsu Ltd. | June 19, 2025 | Elect Director Imayoshi, Takuya | Director Elections | Board | AGAINST | 2 | |
| Komatsu Ltd. | June 19, 2025 | Elect Director Ogawa, Hiroyuki | Director Elections | Board | AGAINST | 2 | |
| Koppers Holdings Inc. | May 8, 2025 | PROPOSAL TO APPROVE OUR AMENDED AND RESTATED 2020 LONG TERM INCENTIVE PLAN | Compensation | Board | AGAINST | 2 | |
| L3Harris Technologies, Inc. | April 18, 2025 | Approval, in an Advisory Vote, of the Compensation of Named Executive Officers as Disclosed in the Proxy Statement. | Say-on-Pay | Board | AGAINST | 2 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 17, 2025 | Approve Issuance of Equity or Equity-Linked Securities Reserved for Qualified Investors, up to Aggregate Nominal Amount of EUR 20 Million | Capital Structure | Board | AGAINST | 2 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 17, 2025 | Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above | Capital Structure | Board | AGAINST | 2 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 17, 2025 | Authorize Capital Increase of Up to EUR 20 Million for Future Exchange Offers | Capital Structure | Board | AGAINST | 2 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 17, 2025 | Authorize Capital Increase of up to 20 Percent of Issued Capital for Contributions in Kind | Capital Structure | Board | AGAINST | 2 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 17, 2025 | Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 20 Million | Capital Structure | Board | AGAINST | 2 | |
| Lamar Advertising Company | May 15, 2025 | Election of directors: Anna Reilly | Director Elections | Board | WITHHOLD | 2 | |
| Lamar Advertising Company | May 15, 2025 | Election of directors: Elizabeth Thompson | Director Elections | Board | WITHHOLD | 2 | |
| Lamar Advertising Company | May 15, 2025 | Election of directors: John E. Koerner, III | Director Elections | Board | WITHHOLD | 2 | |
| Lamar Advertising Company | May 15, 2025 | Election of directors: Kevin P. Reilly, Jr. | Director Elections | Board | WITHHOLD | 2 | |
| Lamar Advertising Company | May 15, 2025 | Election of directors: Stephen P. Mumblow | Director Elections | Board | WITHHOLD | 2 | |
| Lamar Advertising Company | May 15, 2025 | Election of directors: Thomas V. Reifenheiser | Director Elections | Board | WITHHOLD | 2 | |
| Lamar Advertising Company | May 15, 2025 | Election of directors: Wendell Reilly | Director Elections | Board | WITHHOLD | 2 | |
| Landstar System, Inc. | May 16, 2025 | Advisory vote to approve executive compensation. | Say-on-Pay | Board | AGAINST | 2 | |
| Larsen & Toubro Limited | July 4, 2024 | Approve MSKA and Associates, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Las Vegas Sands Corp. | May 15, 2025 | ELECTION OF DIRECTORS: Alain Li | Director Elections | Board | WITHHOLD | 2 | |
| Las Vegas Sands Corp. | May 15, 2025 | ELECTION OF DIRECTORS: Charles D. Forman | Director Elections | Board | WITHHOLD | 2 | |
| Las Vegas Sands Corp. | May 15, 2025 | ELECTION OF DIRECTORS: Irwin Chafetz | Director Elections | Board | WITHHOLD | 2 | |
| Las Vegas Sands Corp. | May 15, 2025 | ELECTION OF DIRECTORS: Lewis Kramer | Director Elections | Board | WITHHOLD | 2 | |
| Las Vegas Sands Corp. | May 15, 2025 | ELECTION OF DIRECTORS: Micheline Chau | Director Elections | Board | WITHHOLD | 2 | |
| Las Vegas Sands Corp. | May 15, 2025 | ELECTION OF DIRECTORS: Patrick Dumont | Director Elections | Board | WITHHOLD | 2 | |
| Las Vegas Sands Corp. | May 15, 2025 | ELECTION OF DIRECTORS: Robert G. Goldstein | Director Elections | Board | WITHHOLD | 2 | |
| Lattice Semiconductor Corporation | May 2, 2025 | To approve on a non-binding, advisory basis, our Named Executive Officers' compensation. | Say-on-Pay | Board | AGAINST | 2 | |
| Legend Biotech Corporation | October 21, 2024 | Elect Director Ye Wang | Director Elections | Board | AGAINST | 2 | |
| Lennar Corporation | April 9, 2025 | Vote on a stockholder proposal requesting disclosure on how the Company intends to reduce greenhouse gas emissions. | Environment or Climate | Shareholder | Against | FOR | 2 |
| Life Time Group Holdings, Inc. | April 25, 2025 | Election of Class I Directors: Andres Small | Director Elections | Board | WITHHOLD | 2 | |
| Life Time Group Holdings, Inc. | April 25, 2025 | Election of Class I Directors: Bahram Akradi | Director Elections | Board | WITHHOLD | 2 | |
| Life Time Group Holdings, Inc. | April 25, 2025 | Election of Class I Directors: David Landau | Director Elections | Board | WITHHOLD | 2 | |
| Littelfuse, Inc. | April 24, 2025 | Approve, on an advisory basis, the compensation of the Company's named executive officers. | Say-on-Pay | Board | AGAINST | 2 | |
| Loews Corporation | May 13, 2025 | Approve the Loews Corporation 2025 Incentive Compensation Plan | Compensation | Board | AGAINST | 2 | |
| Loews Corporation | May 13, 2025 | Election of Directors: Anthony Welters | Director Elections | Board | AGAINST | 2 | |
| MARA Holdings, Inc. | June 26, 2025 | Election of Class II directors to serve until our 2028 meeting of stockholders: Georges Antoun | Director Elections | Board | WITHHOLD | 2 | |
| MS&AD Insurance Group Holdings, Inc. | June 23, 2025 | Elect Director Funabiki, Shinichiro | Director Elections | Board | AGAINST | 2 | |
| MS&AD Insurance Group Holdings, Inc. | June 23, 2025 | Elect Director Hara, Noriyuki | Director Elections | Board | AGAINST | 2 | |
| Madrigal Pharmaceuticals, Inc. | June 20, 2025 | Re-election of Class III directors: Julian Baker | Director Elections | Board | WITHHOLD | 2 | |
| Makita Corporation | June 25, 2025 | Elect Takashi Ando | Director Elections | Board | AGAINST | 2 | |
| Maplebear Inc. | May 22, 2025 | To elect the following Class II director nominees: Ravi Gupta | Director Elections | Board | WITHHOLD | 2 | |
| Match Group, Inc. | June 18, 2025 | To approve the Match Group, Inc. Amended and Restated 2024 Stock and Annual Incentive Plan. | Compensation | Board | AGAINST | 2 | |
| MatsukiyoCocokara & Co. | June 20, 2025 | Elect Director Matsumoto, Kiyo | Director Elections | Board | AGAINST | 2 | |
| MatsukiyoCocokara & Co. | June 20, 2025 | Elect Director Matsumoto, Namio | Director Elections | Board | AGAINST | 2 | |
| Medpace Holdings, Inc. | May 16, 2025 | Election of Directors: August J. Troendle | Director Elections | Board | WITHHOLD | 2 | |
| Meritage Homes Corporation | May 22, 2025 | Shareholder proposal to support transparency in political spending. | Other Social Issues | Shareholder | Against | FOR | 2 |
| Meta Platforms, Inc. | May 28, 2025 | A shareholder proposal regarding report on Al data usage oversight. | Other Social Issues | Shareholder | Against | FOR | 2 |
| Meta Platforms, Inc. | May 28, 2025 | Election of Directors: Andrew W. Houston | Director Elections | Board | WITHHOLD | 2 | |
| Meta Platforms, Inc. | May 28, 2025 | Election of Directors: John Elkann | Director Elections | Board | WITHHOLD | 2 | |
| Meta Platforms, Inc. | May 28, 2025 | Election of Directors: Marc L. Andreessen | Director Elections | Board | WITHHOLD | 2 | |
| Meta Platforms, Inc. | May 28, 2025 | Election of Directors: Tony Xu | Director Elections | Board | WITHHOLD | 2 | |
| Microchip Technology Incorporated | August 20, 2024 | Election of Directors: Karen M. Rapp | Director Elections | Board | AGAINST | 2 | |
| Microchip Technology Incorporated | August 20, 2024 | Stockholder proposal requesting that our Board of Directors commission an independent third-party report, at reasonable expense and excluding proprietary information, on our due diligence process to determine whether our customers' use of our products contribute or are linked to violations of international law. | Human Rights or Human Capital/workforce | Shareholder | Against | FOR | 2 |
| Microsoft Corporation | December 10, 2024 | Election of Directors: Hugh F. Johnston | Director Elections | Board | AGAINST | 2 | |
| Microsoft Corporation | December 10, 2024 | Report on Data Operations in Human Rights Hotspots | Human Rights or Human Capital/workforce | Shareholder | Against | FOR | 2 |
| Mister Car Wash, Inc. | May 22, 2025 | Election of the three Class I director nominees named in the Proxy Statement, to serve until the 2028 Annual Meeting of Stockholders and until their respective successors have been duly elected and qualified: John Danhakl | Director Elections | Board | WITHHOLD | 2 | |
| Mitsubishi Electric Corp. | June 24, 2025 | Elect Director Uruma, Kei | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi Estate Co., Ltd. | June 27, 2025 | Elect Director Nakajima, Atsushi | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi Estate Co., Ltd. | June 27, 2025 | Elect Director Yoshida, Junichi | Director Elections | Board | AGAINST | 2 | |
| Natera, Inc. | June 12, 2025 | To approve an amendment to Natera's Amended and Restated 2015 Equity Incentive Plan. | Compensation | Board | AGAINST | 2 | |
| National Bank of Greece SA | July 25, 2024 | Amend Share Repurchase Program | Capital Structure | Board | AGAINST | 2 | |
| OSI Systems, Inc. | December 12, 2024 | Advisory vote to approve the Company's named executive officer compensation for the fiscal year ended June 30, 2024. | Say-on-Pay | Board | AGAINST | 2 | |
| Obayashi Corp. | June 26, 2025 | Elect Director Obayashi, Takeo | Director Elections | Board | AGAINST | 2 | |
| Obayashi Corp. | June 26, 2025 | Elect Director Sato, Toshimi | Director Elections | Board | AGAINST | 2 | |
| Oracle Corporation | November 14, 2024 | Advisory Vote to Approve the Compensation of our Named Executive Officers | Say-on-Pay | Board | AGAINST | 2 | |
| Oracle Corporation | November 14, 2024 | Advisory Vote to Approve the Compensation of our Named Executive Officers. | Say-on-Pay | Board | AGAINST | 2 | |
| Oracle Corporation | November 14, 2024 | Elect Charles W. Moorman | Director Elections | Board | WITHHOLD | 2 | |
| Oracle Corporation | November 14, 2024 | Elect George H. Conrades | Director Elections | Board | WITHHOLD | 2 | |
| Oracle Corporation | November 14, 2024 | Elect Leon E. Panetta | Director Elections | Board | WITHHOLD | 2 | |
| Oracle Corporation | November 14, 2024 | Elect Naomi O. Seligman | Director Elections | Board | WITHHOLD | 2 | |
| Oracle Corporation | November 14, 2024 | Election of Directors: Bruce R. Chizen | Director Elections | Board | WITHHOLD | 2 | |
| Oracle Corporation | November 14, 2024 | Election of Directors: Jeffrey S. Berg | Director Elections | Board | WITHHOLD | 2 | |
| Oracle Corporation | November 14, 2024 | Election of Directors: Leon E. Panetta | Director Elections | Board | WITHHOLD | 2 |
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Built November 1, 2026 from SEC Form N-PX filings.