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SHELTON FUNDS 2025-2026: where it broke with the board

Two kinds of vote are listed: a board-sponsored proposal SHELTON FUNDS 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

574 proposals.

SHELTON FUNDS, 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 recommendedSHELTON FUNDS votedFunds
Harmony Biosciences Holdings, Inc. May 14, 2026 Non-binding, advisory vote on the compensation of our named executive officers pursuant to the SEC's compensation disclosure rules. Say-on-Pay Board AGAINST 1
Hayward Holdings, Inc. May 21, 2026 Election of Directors: Arthur Soucy Director Elections Board WITHHOLD 1
Heidrick & Struggles International, Inc. December 5, 2025 To approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to Heidrick's named executive officers that is based on or otherwise relates to the Merger Agreement and the transactions contemplated thereby. Say-on-Pay Board AGAINST 1
Henry Schein, Inc. May 21, 2026 Election of Incumbent Directors: Max Lin Director Elections Board AGAINST 1
Hilltop Holdings Inc. July 24, 2025 Non-binding advisory vote to approve executive compensation. Say-on-Pay Board AGAINST 1
Hologic, Inc. February 5, 2026 A proposal to approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to the named executive officers of the Company in connection with the transactions contemplated by the merger agreement, including consummation of the merger. Say-on-Pay Board AGAINST 1
Hormel Foods Corporation January 27, 2026 Approve the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. Compensation Board AGAINST 1
Houlihan Lokey, Inc. September 17, 2025 To elect three Class I directors to our board of directors: Paul A. Zuber Director Elections Board WITHHOLD 1
Houlihan Lokey, Inc. September 17, 2025 To elect three Class I directors to our board of directors: Scott L. Beiser Director Elections Board WITHHOLD 1
Houlihan Lokey, Inc. September 17, 2025 To elect three Class I directors to our board of directors: Todd J. Carter Director Elections Board WITHHOLD 1
Howmet Aerospace Inc. May 19, 2026 Advisory vote to approve executive compensation. Say-on-Pay Board AGAINST 1
IPG Photonics Corporation May 12, 2026 Advisory Approval of our Executive Compensation Say-on-Pay Board AGAINST 1
IQVIA Holdings Inc. April 23, 2026 Approve the adoption of the IQVIA Holdings Inc. 2026 Incentive and Stock Award Plan. Compensation Board AGAINST 1
Innovative Industrial Properties, Inc. June 9, 2026 Approval of the adoption of the Innovative Industrial Properties, Inc. 2026 Omnibus Incentive Plan. Compensation Board AGAINST 1
Innovative Industrial Properties, Inc. June 9, 2026 Approval on a non-binding advisory basis of the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 1
Inspire Medical Systems, Inc. April 30, 2026 Approval of an amendment and restatement of the Inspire Medical Systems, Inc. 2018 Incentive Award Plan. Compensation Board AGAINST 1
Inspire Medical Systems, Inc. April 30, 2026 Election of Class II Directors: Gary L. Ellis Director Elections Board WITHHOLD 1
Interactive Brokers Group, Inc. April 23, 2026 Election of Directors: Earl H. Nemser Director Elections Board AGAINST 1
Interactive Brokers Group, Inc. April 23, 2026 Election of Directors: Milan Galik Director Elections Board AGAINST 1
Interactive Brokers Group, Inc. April 23, 2026 Election of Directors: Paul J. Brody Director Elections Board AGAINST 1
Interactive Brokers Group, Inc. April 23, 2026 Election of Directors: Thomas Peterffy Director Elections Board AGAINST 1
Interactive Brokers Group, Inc. April 23, 2026 Election of Directors: William Peterffy Director Elections Board AGAINST 1
Interactive Brokers Group, Inc. April 23, 2026 To approve an amendment to the Company's 2007 Stock Incentive Plan. Compensation Board AGAINST 1
Interparfums, Inc. September 10, 2025 To vote for the advisory resolution to approve executive compensation. Say-on-Pay Board AGAINST 1
John B. Sanfilippo & Son, Inc. October 29, 2025 Election of Directors: Ellen C. Taaffe Director Elections Board WITHHOLD 1
John B. Sanfilippo & Son, Inc. October 29, 2025 Election of Directors: Mercedes Romero Director Elections Board WITHHOLD 1
John B. Sanfilippo & Son, Inc. October 29, 2025 Election of Directors: Pamela Forbes Lieberman Director Elections Board WITHHOLD 1
KKR Real Estate Finance Trust Inc. April 14, 2026 Election of Directors: Deborah H. McAneny Director Elections Board WITHHOLD 1
KKR Real Estate Finance Trust Inc. April 14, 2026 Election of Directors: Irene M. Esteves Director Elections Board WITHHOLD 1
KKR Real Estate Finance Trust Inc. April 14, 2026 Election of Directors: Jonathan A. Langer Director Elections Board WITHHOLD 1
KKR Real Estate Finance Trust Inc. April 14, 2026 Election of Directors: Terrance R. Ahern Director Elections Board WITHHOLD 1
Kite Realty Group Trust May 14, 2026 Election of Trustees: Steven P. Grimes Director Elections Board AGAINST 1
Knight-Swift Transportation Holdings Inc. May 12, 2026 Vote on a stockholder proposal regarding support for transparency in political spending. Other Social Issues Shareholder Against FOR 1
Krystal Biotech, Inc. May 15, 2026 Election of Class III Directors: Christopher Mason Director Elections Board WITHHOLD 1
Krystal Biotech, Inc. May 15, 2026 Election of Class III Directors: Krish S. Krishnan Director Elections Board WITHHOLD 1
Lamar Advertising Company May 14, 2026 Election of directors: Anna Reilly Director Elections Board WITHHOLD 1
Lamar Advertising Company May 14, 2026 Election of directors: Elizabeth Thompson Director Elections Board WITHHOLD 1
Lamar Advertising Company May 14, 2026 Election of directors: John E. Koerner, III Director Elections Board WITHHOLD 1
Lamar Advertising Company May 14, 2026 Election of directors: Kevin P. Reilly, Jr. Director Elections Board WITHHOLD 1
Lamar Advertising Company May 14, 2026 Election of directors: Marshall A. Loeb Director Elections Board WITHHOLD 1
Lamar Advertising Company May 14, 2026 Election of directors: Stephen P. Mumblow Director Elections Board WITHHOLD 1
Lamar Advertising Company May 14, 2026 Election of directors: Thomas V. Reifenheiser Director Elections Board WITHHOLD 1
Lamar Advertising Company May 14, 2026 Election of directors: Wendell Reilly Director Elections Board WITHHOLD 1
LegalZoom.com, Inc. June 3, 2026 To elect the one director nominee named in the proxy statement as a Class II director of the Company to serve for a three-year term and until her successor has been duly elected and qualified, or until her earlier death, resignation, removal, retirement or disqualification: Sivan Whiteley Director Elections Board WITHHOLD 1
Lennar Corporation April 8, 2026 Elect nine directors to serve until the 2027 Annual Meeting of Stockholders: Jeffrey Sonnenfeld Director Elections Board AGAINST 1
Lennar Corporation April 8, 2026 Elect nine directors to serve until the 2027 Annual Meeting of Stockholders: Stuart Miller Director Elections Board AGAINST 1
Lincoln National Corporation May 28, 2026 The approval of an advisory resolution on the compensation of our named executive officers. Say-on-Pay Board AGAINST 1
Liquidity Services, Inc. February 26, 2026 Approval of an amendment to the Liquidity Services, Inc. Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan to increase the authorized number of shares. Compensation Board AGAINST 1
LiveRamp Holdings, Inc. August 12, 2025 Approval of an increase in the number of shares available for issuance under the Company's Amended and Restated 2005 Equity Compensation Plan. Compensation Board AGAINST 1
Madison Square Garden Sports Corp. December 8, 2025 Election of the following nominees as directors: Anthony J. Vinciquerra Director Elections Board WITHHOLD 1
Madison Square Garden Sports Corp. December 8, 2025 Election of the following nominees as directors: Ivan Seidenberg Director Elections Board WITHHOLD 1
Madison Square Garden Sports Corp. December 8, 2025 Election of the following nominees as directors: Joseph M. Cohen Director Elections Board WITHHOLD 1
Madison Square Garden Sports Corp. December 8, 2025 Election of the following nominees as directors: Nelson Peltz Director Elections Board WITHHOLD 1
Maplebear Inc. May 22, 2026 To approve, on a non-binding, advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 1
Maplebear Inc. May 22, 2026 To elect the following Class III director nominees: Lily Sarafan Director Elections Board WITHHOLD 1
Marriott Vacations Worldwide Corporation May 15, 2026 Approval of the Second Amended and Restated Marriott Vacations Worldwide Corporation 2020 Equity Incentive Plan. Compensation Board AGAINST 1
MaxLinear, Inc. May 20, 2026 To approve an amendment and restatement of the MaxLinear, Inc. Amended and Restated 2010 Equity Incentive Plan, including approval of a new ten-year term and an increase in the number of shares reserved thereunder by 3,204,107. Compensation Board AGAINST 1
MaxLinear, Inc. May 20, 2026 To approve, on an advisory basis, the compensation of our named executive officers for the year ended December 31, 2025, as set forth in the proxy statement. Say-on-Pay Board AGAINST 1
Millrose Properties, Inc. May 18, 2026 Election of Directors: Carlos A. Migoya (Chair) Director Elections Board AGAINST 1
Millrose Properties, Inc. May 18, 2026 Election of Directors: M. Alison Mincey Director Elections Board AGAINST 1
Millrose Properties, Inc. May 18, 2026 Election of Directors: Matthew B. Gorson Director Elections Board AGAINST 1
Moderna, Inc. May 6, 2026 To approve, on a non-binding, advisory basis, the compensation of our named executive officers. Say-on-Pay Board AGAINST 1
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 1
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 1
Monarch Casino & Resort, Inc. May 27, 2026 Election of Directors: John Farahi Director Elections Board AGAINST 1
Mr. Cooper Group Inc. September 3, 2025 To approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to Mr. Cooper's named executive officers that is based on or otherwise related to the mergers (the "merger-related compensation proposal"). Say-on-Pay Board AGAINST 1
N-able, Inc. May 28, 2026 Election of Class II Directors: James Cameron McMartin Director Elections Board WITHHOLD 1
N-able, Inc. May 28, 2026 Election of Class II Directors: Michael Bingle Director Elections Board WITHHOLD 1
NET Power Inc. June 3, 2026 Election of Class III Directors: Joseph Kelliher Director Elections Board WITHHOLD 1
NVR, Inc. May 7, 2026 Shareholder proposal to disclose greenhouse gas emissions. Environment or Climate Shareholder Against FOR 1
News Corporation November 19, 2025 Election of 6 Directors: Jose Maria Aznar Director Elections Board AGAINST 1
News Corporation November 19, 2025 Election of 6 Directors: Lachlan K. Murdoch Director Elections Board AGAINST 1
News Corporation November 19, 2025 Election of 6 Directors: Masroor Siddiqui Director Elections Board AGAINST 1
News Corporation November 19, 2025 Election of 6 Directors: Natalie Bancroft Director Elections Board AGAINST 1
Noble Corporation plc April 29, 2026 Authorization of the Board to Allot Shares without Rights of Pre-Emption. Capital Structure Board AGAINST 1
Noble Corporation plc April 29, 2026 Authorization of the Board to Allot Shares. Capital Structure Board AGAINST 1
OSI Systems, Inc. December 11, 2025 Advisory vote to approve the Company's named executive officer compensation for the fiscal year ended June 30, 2025. Say-on-Pay Board AGAINST 1
OSI Systems, Inc. December 11, 2025 Election of Directors: James B. Hawkins Director Elections Board AGAINST 1
OSI Systems, Inc. December 11, 2025 Election of Directors: William F. Ballhaus Director Elections Board AGAINST 1
OUTFRONT Media Inc. June 3, 2026 Election of Director Nominees: Angela Courtin Director Elections Board AGAINST 1
OUTFRONT Media Inc. June 3, 2026 Election of Director Nominees: Susan M. Tolson Director Elections Board AGAINST 1
Omnicom Group Inc. May 5, 2026 Advisory resolution to approve executive compensation. Say-on-Pay Board AGAINST 1
OneSpaWorld Holdings Limited June 3, 2026 Election of Directors: Andrew R. Heyer Director Elections Board WITHHOLD 1
Otis Worldwide Corporation May 27, 2026 Shareholder proposal regarding reporting on political contributions and expenditures Other Social Issues Shareholder Against FOR 1
PBF Energy Inc. April 28, 2026 Election of Directors: Lawrence M. Ziemba Director Elections Board AGAINST 1
PC Connection, Inc. May 13, 2026 To elect six directors to serve until the 2027 Annual Meeting of Stockholders: Patricia Gallup Director Elections Board WITHHOLD 1
PDD Holdings Inc. December 19, 2025 Elect Director Haifeng Lin Director Elections Board AGAINST 1
PDD Holdings Inc. December 19, 2025 Elect Director Jiazhen Zhao Director Elections Board AGAINST 1
PDD Holdings Inc. December 19, 2025 Elect Director Lei Chen Director Elections Board AGAINST 1
PENN Entertainment, Inc. June 16, 2026 Approval of the third amendment to our 2022 Long-Term Incentive Compensation Plan. Compensation Board AGAINST 1
Pacific Premier Bancorp, Inc. July 21, 2025 Approve, on an advisory (non-binding) basis, the merger-related compensation payments that will or may be paid to the named executive officers of Pacific Premier in connection with the transactions contemplated by the merger agreement. Say-on-Pay Board AGAINST 1
Pacira Biosciences, Inc. June 9, 2026 Approval of our Amended and Restated 2011 Stock Incentive Plan. Compensation Board AGAINST 1
Pacira Biosciences, Inc. June 9, 2026 Approval, on an advisory basis, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 1
Par Pacific Holdings, Inc. April 30, 2026 To approve the Par Pacific Holdings, Inc. 2026 Long-Term Incentive Plan. Compensation Board AGAINST 1
Park National Corporation April 27, 2026 Approval of the Park National Corporation 2026 Long-Term Incentive Plan for Employees. Compensation Board AGAINST 1
Parsons Corporation April 14, 2026 Election of Directors: Letitia A. Long Director Elections Board WITHHOLD 1
Paycom Software, Inc. May 4, 2026 Advisory approval of the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 1
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 1
Permian Resources Corporation May 19, 2026 To approve the First Amendment to the Permian Resources Corporation 2023 Long Term Incentive Plan. Compensation Board AGAINST 1
Pilgrim's Pride Corporation April 29, 2026 A stockholder proposal to provide a political spending disclosure. Other Social Issues Shareholder Against FOR 1

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Built October 25, 2026 from SEC Form N-PX filings.