Home › Asset managers › Principal › 2025-2026 › 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
3,790 proposals.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Principal voted | Funds |
|---|---|---|---|---|---|---|---|
| Alphabet Inc. | June 5, 2026 | Election of ten directors: Frances H. Arnold | Director Elections | Board | AGAINST | 7 | |
| Alphabet Inc. | June 5, 2026 | Election of ten directors: John L. Hennessy | Director Elections | Board | AGAINST | 7 | |
| Vornado Realty Trust | May 21, 2026 | Approval of the Company's 2026 Omnibus Share Plan. | Compensation | Board | AGAINST | 7 | |
| Essex Property Trust, Inc. | May 12, 2026 | Election of Directors: Keith R. Guericke | Director Elections | Board | AGAINST | 6 | |
| Meta Platforms, Inc. | May 27, 2026 | Election of Directors: Andrew W. Houston | Director Elections | Board | WITHHOLD | 6 | |
| Meta Platforms, Inc. | May 27, 2026 | Election of Directors: John Elkann | Director Elections | Board | WITHHOLD | 6 | |
| Meta Platforms, Inc. | May 27, 2026 | Election of Directors: Peggy Alford | Director Elections | Board | WITHHOLD | 6 | |
| Meta Platforms, Inc. | May 27, 2026 | Election of Directors: Tony Xu | Director Elections | Board | WITHHOLD | 6 | |
| Simon Property Group, Inc. | May 13, 2026 | Advisory Vote to Approve the Compensation of our Named Executive Officers. | Say-on-Pay | Board | AGAINST | 6 | |
| Welltower Inc. | May 21, 2026 | The approval, on an advisory basis, of the compensation of the named executive officers. | Say-on-Pay | Board | AGAINST | 6 | |
| Hamilton Lane Incorporated | September 4, 2025 | Advisory, non-binding vote to approve named executive officer compensation. | Say-on-Pay | Board | AGAINST | 5 | |
| Hamilton Lane Incorporated | September 4, 2025 | Election of Class III Director: Hartley R. Rogers | Director Elections | Board | WITHHOLD | 5 | |
| Houlihan Lokey, Inc. | September 17, 2025 | To elect three Class I directors to our board of directors: Paul A. Zuber | Director Elections | Board | WITHHOLD | 5 | |
| Houlihan Lokey, Inc. | September 17, 2025 | To elect three Class I directors to our board of directors: Scott L. Beiser | Director Elections | Board | WITHHOLD | 5 | |
| Houlihan Lokey, Inc. | September 17, 2025 | To elect three Class I directors to our board of directors: Todd J. Carter | Director Elections | Board | WITHHOLD | 5 | |
| Lennar Corporation | April 8, 2026 | Elect nine directors to serve until the 2027 Annual Meeting of Stockholders: Jeffrey Sonnenfeld | Director Elections | Board | AGAINST | 5 | |
| Lennar Corporation | April 8, 2026 | Elect nine directors to serve until the 2027 Annual Meeting of Stockholders: Stuart Miller | Director Elections | Board | AGAINST | 5 | |
| MP Materials Corp. | June 9, 2026 | Advisory vote to approve compensation paid to the Company's named executive officers. | Say-on-Pay | Board | AGAINST | 5 | |
| MP Materials Corp. | June 9, 2026 | Election of 2 Directors Named in the Proxy Statement: Arnold W. Donald | Director Elections | Board | WITHHOLD | 5 | |
| MP Materials Corp. | June 9, 2026 | Election of 2 Directors Named in the Proxy Statement: Randall J. Weisenburger | Director Elections | Board | WITHHOLD | 5 | |
| Parsons Corporation | April 14, 2026 | Election of Directors: Letitia A. Long | Director Elections | Board | WITHHOLD | 5 | |
| Permian Resources Corporation | May 19, 2026 | To approve the First Amendment to the Permian Resources Corporation 2023 Long Term Incentive Plan. | Compensation | Board | AGAINST | 5 | |
| Sonoco Products Company | April 15, 2026 | Advisory (non-binding) shareholder proposal - avoid brand damage from political spending. | Other Social Issues | Shareholder | Against | FOR | 5 |
| Sun Hung Kai Properties Limited | November 6, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| Sun Hung Kai Properties Limited | November 6, 2025 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 5 | |
| Take-Two Interactive Software, Inc. | September 18, 2025 | Approval of an amendment and restatement of the Amended and Restated Take-Two Interactive Software, Inc. 2017 Stock Incentive Plan. | Compensation | Board | AGAINST | 5 | |
| YETI Holdings, Inc. | May 7, 2026 | Election of four Class II directors: Mary Lou Kelley | Director Elections | Board | WITHHOLD | 5 | |
| A. O. Smith Corporation | April 13, 2026 | Election of directors: Christopher L. Mapes | Director Elections | Board | WITHHOLD | 4 | |
| A. O. Smith Corporation | April 13, 2026 | Election of directors: Dr. Ilham Kadri | Director Elections | Board | WITHHOLD | 4 | |
| Alphabet Inc. | June 5, 2026 | Approval of the amendment and restatement of Alphabet's Amended and Restated 2021 Stock Plan to increase the share reserve by 200,000,000 shares of Class C capital stock | Compensation | Board | AGAINST | 4 | |
| Amentum Holdings, Inc. | February 6, 2026 | Election of Directors: Barbara L. Loughran | Director Elections | Board | AGAINST | 4 | |
| Antero Midstream Corporation | June 3, 2026 | Class I Nominees: W. Howard Keenan, Jr. | Director Elections | Board | WITHHOLD | 4 | |
| Baxter International Inc. | May 5, 2026 | Approval of the Baxter International Inc. Second Amended and Restated 2021 Incentive Plan | Compensation | Board | AGAINST | 4 | |
| Bio-Techne Corporation | October 30, 2025 | Approve, on an advisory basis, the compensation of our executive officers. | Say-on-Pay | Board | AGAINST | 4 | |
| Brookfield Renewable Corporation | June 17, 2026 | Elect Director Jeffrey Blidner | Director Elections | Board | WITHHOLD | 4 | |
| CCC Intelligent Solutions Holdings Inc. | May 21, 2026 | Election of Directors: Neil de Crescenzo | Director Elections | Board | WITHHOLD | 4 | |
| CCC Intelligent Solutions Holdings Inc. | May 21, 2026 | Election of Directors: William Ingram | Director Elections | Board | WITHHOLD | 4 | |
| Clearway Energy, Inc. | April 29, 2026 | Election of Directors: Bruce MacLennan | Director Elections | Board | WITHHOLD | 4 | |
| Clearway Energy, Inc. | April 29, 2026 | Election of Directors: Jonathan Bram | Director Elections | Board | WITHHOLD | 4 | |
| Clearway Energy, Inc. | April 29, 2026 | Election of Directors: Marc-Antoine Pignon | Director Elections | Board | WITHHOLD | 4 | |
| Clearway Energy, Inc. | April 29, 2026 | Election of Directors: Nathaniel Anschuetz | Director Elections | Board | WITHHOLD | 4 | |
| Clearway Energy, Inc. | April 29, 2026 | Election of Directors: Olivier Jouny | Director Elections | Board | WITHHOLD | 4 | |
| Clearway Energy, Inc. | April 29, 2026 | Election of Directors: Paige Goodwin | Director Elections | Board | WITHHOLD | 4 | |
| Columbia Sportswear Company | June 10, 2026 | To approve the Columbia Sportswear Company Amended and Restated 2020 Stock Incentive Plan. | Compensation | Board | AGAINST | 4 | |
| Comcast Corporation | June 10, 2026 | Advisory vote on executive compensation | Say-on-Pay | Board | AGAINST | 4 | |
| Comcast Corporation | June 10, 2026 | Election of Directors: Jeffrey A. Honickman | Director Elections | Board | WITHHOLD | 4 | |
| Comcast Corporation | June 10, 2026 | Election of Directors: Kenneth J. Bacon | Director Elections | Board | WITHHOLD | 4 | |
| Comcast Corporation | June 10, 2026 | Election of Directors: Madeline S. Bell | Director Elections | Board | WITHHOLD | 4 | |
| Crocs, Inc. | June 9, 2026 | Approval of the Crocs, Inc. 2026 Equity Incentive Plan. | Compensation | Board | AGAINST | 4 | |
| EPAM Systems, Inc. | May 21, 2026 | To approve an amendment to the EPAM Systems, Inc. 2025 Long Term Incentive Plan to add 4,000,000 additional shares. | Compensation | Board | AGAINST | 4 | |
| Element Solutions Inc | May 4, 2026 | Advisory vote to approve the Company's 2025 executive compensation | Say-on-Pay | Board | AGAINST | 4 | |
| F5, Inc. | March 12, 2026 | Approve the F5, Inc. 2026 Incentive Award Plan. | Compensation | Board | AGAINST | 4 | |
| Ford Motor Company | May 14, 2026 | Election of Directors: William Clay Ford, Jr. | Director Elections | Board | AGAINST | 4 | |
| Ford Motor Company | May 14, 2026 | Election of Directors: William E. Kennard | Director Elections | Board | AGAINST | 4 | |
| Franklin Resources, Inc. | February 3, 2026 | To approve an amendment and restatement of the Company's 2002 Universal Stock Incentive Plan, which includes increasing the number of shares of common stock, par value $0.10 per share, of the Company authorized for issuance under the USIP by an additional 25,000,000 shares. | Compensation | Board | AGAINST | 4 | |
| Goodman Group | November 11, 2025 | Approve the Spill Resolution | Compensation | Board | AGAINST | 4 | |
| Goodman Group | November 11, 2025 | Elect Anthony Rozic as Director | Director Elections | Board | AGAINST | 4 | |
| IQVIA Holdings Inc. | April 23, 2026 | Approve the adoption of the IQVIA Holdings Inc. 2026 Incentive and Stock Award Plan. | Compensation | Board | AGAINST | 4 | |
| Meta Platforms, Inc. | May 27, 2026 | Election of Directors: Mark Zuckerberg | Director Elections | Board | WITHHOLD | 4 | |
| Microchip Technology Incorporated | August 19, 2025 | Proposal to approve, on an advisory (non-binding) basis, the compensation of our named executives. | Say-on-Pay | Board | AGAINST | 4 | |
| Millrose Properties, Inc. | May 18, 2026 | Election of Directors: Carlos A. Migoya (Chair) | Director Elections | Board | AGAINST | 4 | |
| Millrose Properties, Inc. | May 18, 2026 | Election of Directors: M. Alison Mincey | Director Elections | Board | AGAINST | 4 | |
| Millrose Properties, Inc. | May 18, 2026 | Election of Directors: Matthew B. Gorson | Director Elections | Board | AGAINST | 4 | |
| Molina Healthcare, Inc. | May 6, 2026 | To consider and approve an amendment to the Company's 2025 Equity Incentive Plan to increase the number of shares available for issuance under such plan. | Compensation | Board | AGAINST | 4 | |
| Molina Healthcare, Inc. | May 6, 2026 | To consider and approve, on a non-binding, advisory basis, the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 4 | |
| NetApp, Inc. | September 10, 2025 | To approve an amendment to NetApp's 2021 Equity Incentive Plan. | Compensation | Board | AGAINST | 4 | |
| Obayashi Corp. | June 29, 2026 | Elect Director Obayashi, Takeo | Director Elections | Board | AGAINST | 4 | |
| Obayashi Corp. | June 29, 2026 | Elect Director Sato, Toshimi | Director Elections | Board | AGAINST | 4 | |
| Otis Worldwide Corporation | May 27, 2026 | Shareholder proposal regarding reporting on political contributions and expenditures | Other Social Issues | Shareholder | Against | FOR | 4 |
| Paycom Software, Inc. | May 4, 2026 | Advisory approval of the compensation of the Company's named executive officers. | Say-on-Pay | Board | AGAINST | 4 | |
| Paycom Software, Inc. | May 4, 2026 | To elect two Class I directors, each to serve until the date of the 2029 annual meeting of stockholders and until his or her successor has been duly elected and qualified, or his or her earlier death, resignation or removal: J.C. Watts, Jr. | Director Elections | Board | AGAINST | 4 | |
| Pinnacle Financial Partners, Inc. | November 6, 2025 | A proposal to approve, on an advisory (non-binding) basis, the merger-related compensation payments that will or may be paid to Pinnacle's named executive officers in connection with the transactions contemplated by the merger agreement. | Say-on-Pay | Board | AGAINST | 4 | |
| PotlatchDeltic Corporation | January 27, 2026 | The PotlatchDeltic merger-related compensation proposal: A proposal to approve, on a non-binding advisory basis, the compensation that may be paid or become payable to the named executive officers of PotlatchDeltic in connection with the transactions contemplated by the merger agreement. | Say-on-Pay | Board | AGAINST | 4 | |
| Ralph Lauren Corporation | July 31, 2025 | Election of three (3) Class A Directors. Nominees as Class A Directors: Angela Ahrendts | Director Elections | Board | WITHHOLD | 4 | |
| Ralph Lauren Corporation | July 31, 2025 | Election of three (3) Class A Directors. Nominees as Class A Directors: Darren Walker | Director Elections | Board | WITHHOLD | 4 | |
| Repligen Corporation | May 14, 2026 | Election of Directors: Glenn P. Muir | Director Elections | Board | AGAINST | 4 | |
| Reynolds Consumer Products Inc. | April 29, 2026 | Election of Directors: Rolf Stangl | Director Elections | Board | WITHHOLD | 4 | |
| Reynolds Consumer Products Inc. | April 29, 2026 | Election of Directors: Scott Huckins | Director Elections | Board | WITHHOLD | 4 | |
| Sarepta Therapeutics, Inc. | June 4, 2026 | Advisory vote to approve, on a non-binding basis, named executive officer compensation | Say-on-Pay | Board | AGAINST | 4 | |
| Science Applications International Corporation | June 3, 2026 | The approval of an amendment to the 2023 Equity Incentive Plan to increase the total number of authorized shares. | Compensation | Board | AGAINST | 4 | |
| Service Corporation International | May 6, 2026 | Election of Directors: Marcus A. Watts | Director Elections | Board | AGAINST | 4 | |
| Service Corporation International | May 6, 2026 | To approve the 2026 Equity Incentive Plan. | Compensation | Board | AGAINST | 4 | |
| Skyworks Solutions, Inc. | May 13, 2026 | To approve the Company's 2026 Long-Term Incentive Plan. | Compensation | Board | AGAINST | 4 | |
| Skyworks Solutions, Inc. | May 13, 2026 | To approve, on an advisory basis, the compensation of the Company's named executive officers, as described in the Company's Proxy Statement. | Say-on-Pay | Board | AGAINST | 4 | |
| Spotify Technology SA | April 15, 2026 | Elect Daniel Ek as A Director | Director Elections | Board | AGAINST | 4 | |
| Spotify Technology SA | April 15, 2026 | Elect Martin Lorentzon as A Director | Director Elections | Board | AGAINST | 4 | |
| StandardAero, Inc. | June 25, 2026 | Election of Class II Directors to serve until the 2029 Annual Meeting of Stockholder, and until their respective successors shall have been duly elected and qualified: Douglas V. Brandely | Director Elections | Board | WITHHOLD | 4 | |
| Steel Dynamics, Inc. | May 6, 2026 | SHAREHOLDER PROPOSAL - AVOID POLITICAL SPENDING BRAND DAMAGE | Other Social Issues | Shareholder | Against | FOR | 4 |
| Stifel Financial Corp. | June 9, 2026 | To approve the adoption of an amendment to the Stifel Financial Corp. 2001 Incentive Stock Plan (2018 Restatement) | Compensation | Board | AGAINST | 4 | |
| Stryker Corporation | May 6, 2026 | Election Directors: Emmanuel P. Maceda | Director Elections | Board | AGAINST | 4 | |
| Sumitomo Realty & Development Co., Ltd. | June 26, 2026 | Elect Director Nishima, Kojun | Director Elections | Board | AGAINST | 4 | |
| Sumitomo Realty & Development Co., Ltd. | June 26, 2026 | Elect Director Onodera, Kenichi | Director Elections | Board | AGAINST | 4 | |
| Synovus Financial Corp. | November 6, 2025 | To approve, on an advisory (non-binding) basis, the merger-related compensation payments that will or may be paid to Synovus' named executive officers in connection with the merger. | Say-on-Pay | Board | AGAINST | 4 | |
| T-Mobile US, Inc. | June 16, 2026 | Election of Directors: Christian P. Illek | Director Elections | Board | WITHHOLD | 4 | |
| T-Mobile US, Inc. | June 16, 2026 | Election of Directors: Dominique Leroy | Director Elections | Board | WITHHOLD | 4 | |
| T-Mobile US, Inc. | June 16, 2026 | Election of Directors: G. Michael Sievert | Director Elections | Board | WITHHOLD | 4 | |
| T-Mobile US, Inc. | June 16, 2026 | Election of Directors: Raphael Kubler | Director Elections | Board | WITHHOLD | 4 | |
| T-Mobile US, Inc. | June 16, 2026 | Election of Directors: Srinivasan Gopalan | Director Elections | Board | WITHHOLD | 4 | |
| T-Mobile US, Inc. | June 16, 2026 | Election of Directors: Thorsten Langheim | Director Elections | Board | WITHHOLD | 4 | |
| T-Mobile US, Inc. | June 16, 2026 | Election of Directors: Timotheus Hottges | Director Elections | Board | WITHHOLD | 4 |
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Built October 13, 2026 from SEC Form N-PX filings.