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Adobe shareholder proposals 2026
What shareholders asked Adobe to do, and how the funds holding Americans’ retirement savings voted on it: the funds in the 401(k) plans we index and the most widely held funds beyond them, with the filing behind every vote.
15 April 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Adobe disclose, or change, who sits on its board?
Shareholders asked the company to publish a board skills-and-diversity matrix, or to commit to a minimum representation of women among its directors.
“Stockholder Proposal Regarding Board Matrix.”
1 of 71 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Invesco QQQ Trust, Series 1 | AGAINST | 8,964,267 |
| Vanguard Morningstar Growth Index Fund | AGAINST | 4,560,538 |
| State Street Technology Select Sector SPDR ETF | AGAINST | 3,265,586 |
| Vanguard PRIMECAP Fund | AGAINST | 3,078,057 |
| Vanguard Information Technology Index Fund | AGAINST | 2,898,982 |
| Invesco NASDAQ 100 ETF | AGAINST | 1,619,802 |
| American Funds IS 2035 Target Date Retirement Fund | AGAINST | 1,080,430 |
| American Funds IS 2030 Target Date Retirement Fund | AGAINST | 1,080,430 |
| American Funds IS 2040 Target Date Retirement Fund | AGAINST | 1,080,430 |
| American Funds IS 2050 Target Date Retirement Fund | AGAINST | 1,080,430 |
| American Funds IS 2025 Target Date Retirement Income Fund | AGAINST | 1,080,430 |
| American Funds IS 2045 Target Date Retirement Fund | AGAINST | 1,080,430 |
| American Funds IS 2055 Target Date Retirement Fund | AGAINST | 1,080,430 |
| American Funds IS 2060 Target Date Retirement Fund | AGAINST | 1,080,430 |
The same proposal was put to Kansai Electric Power, Chubu Electric Power Company, Incorporated, Tohoku Electric Power.
15 April 2026 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before Adobe pays a departing executive?
Shareholders asked the company to seek shareholder approval for any severance package to a senior executive above a set multiple of salary and bonus — so that very large exit payments cannot be agreed by the board alone.
“Stockholder Proposal Regarding Vote on Golden Parachutes.”
0 of 43 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Vanguard Morningstar Total Stock Market Index Fund | AGAINST | 13,215,275 |
| Vanguard 500 Index Fund | AGAINST | 10,663,141 |
| Invesco QQQ Trust, Series 1 | AGAINST | 8,964,267 |
| Fidelity 500 Index Fund | AGAINST | 5,315,844 |
| Vanguard Morningstar Growth Index Fund | AGAINST | 4,560,538 |
| State Street Technology Select Sector SPDR ETF | AGAINST | 3,265,586 |
| Vanguard PRIMECAP Fund | AGAINST | 3,078,057 |
| Vanguard Information Technology Index Fund | AGAINST | 2,898,982 |
| Vanguard Institutional Index Fund | AGAINST | 2,381,393 |
| Invesco NASDAQ 100 ETF | AGAINST | 1,619,802 |
| American Balanced Fund | AGAINST | 1,080,430 |
| Invesco S&P 500 Quality ETF | AGAINST | 980,412 |
| Schwab U.S. Large-Cap Growth ETF | AGAINST | 805,910 |
| Growth Fund of America | AGAINST | 800,710 |
The same proposal was put to Capital One Financial, Humana, CF Industries Holdings.
15 April 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Adobe disclose, or change, who sits on its board?
Shareholders asked the company to publish a board skills-and-diversity matrix, or to commit to a minimum representation of women among its directors.
“Stockholder Proposal Regarding Board Matrix.”
0 of 1 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Dodge & Cox Stock Fund | AGAINST | 1,884,700 |
The same proposal was put to Kansai Electric Power, Chubu Electric Power Company, Incorporated, Tohoku Electric Power.
15 April 2026 · put on the ballot by shareholder · Pay equity & inclusion
Should Adobe disclose, or change, who sits on its board?
Shareholders asked the company to publish a board skills-and-diversity matrix, or to commit to a minimum representation of women among its directors.
“Stockholder Proposal Regarding Board Matrix.”
0 of 6 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| iShares MSCI USA Quality Factor ETF | AGAINST | 2,453,345 |
| iShares Russell 1000 Growth ETF | AGAINST | 1,694,485 |
| Pacer US Cash Cows 100 ETF | AGAINST | 1,013,405 |
| Diamond Hill Large Cap Fund | AGAINST | 321,482 |
| Blackrock Global Allocation Fund, Inc. | AGAINST | 32,871 |
| Blackrock Balanced Fund, Inc. | AGAINST | 7,172 |
The same proposal was put to Kansai Electric Power, Chubu Electric Power Company, Incorporated, Tohoku Electric Power.
15 April 2026 · put on the ballot by shareholder · Executive pay
Should shareholders get a vote before Adobe pays a departing executive?
Shareholders asked the company to seek shareholder approval for any severance package to a senior executive above a set multiple of salary and bonus — so that very large exit payments cannot be agreed by the board alone.
“Stockholder Proposal Regarding Vote on Golden Parachutes.”
2 of 10 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| iShares Core S&P 500 ETF | AGAINST | 5,349,236 +7,297 cast another way |
| iShares MSCI USA Quality Factor ETF | AGAINST | 2,453,345 |
| iShares Russell 1000 Growth ETF | AGAINST | 1,694,485 |
| Pacer US Cash Cows 100 ETF | AGAINST | 1,013,405 |
| iShares S&P 500 Value ETF | AGAINST | 740,192 |
| iShares MSCI USA Min Vol Factor ETF | AGAINST | 528,196 |
| iShares Core S&P U.S. Value ETF | AGAINST | 346,409 |
| Diamond Hill Large Cap Fund | AGAINST | 321,482 |
| Blackrock Global Allocation Fund, Inc. | FOR | 32,871 |
| Blackrock Balanced Fund, Inc. | FOR | 7,172 |
The same proposal was put to Capital One Financial, Humana, CF Industries Holdings.
15 April 2026 · put on the ballot by shareholder · Climate & environment
Should Adobe publish a fuller account of its emissions and how it plans to cut them?
Shareholders asked the company to disclose its greenhouse gas emissions more completely, or to have its reduction targets independently assessed, so that the plan can be checked rather than taken on trust.
“Stockholder Proposal Regarding Retirement Plan Climate Risk.”
0 of 1 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Diamond Hill Large Cap Fund | AGAINST | 321,482 |
The same proposal was put to NVIDIA, Amazon.com, Alphabet, Meta Platforms, Verizon Communications, JPMorgan Chase.
15 April 2026 · put on the ballot by shareholder · Social
Regarding Report on Civil Liberties in Digital Services.
“Stockholder Proposal Regarding Report on Civil Liberties in Digital Services.”
0 of 1 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| Diamond Hill Large Cap Fund | AGAINST | 321,482 |
15 April 2026 · put on the ballot by shareholder · Climate & environment
Should Adobe publish a fuller account of its emissions and how it plans to cut them?
Shareholders asked the company to disclose its greenhouse gas emissions more completely, or to have its reduction targets independently assessed, so that the plan can be checked rather than taken on trust.
“Stockholder Proposal Regarding Retirement Plan Climate Risk.”
0 of 2 funds we track voted for it.
| Fund | Vote | Shares voted |
|---|---|---|
| State Street Technology Select Sector SPDR ETF | AGAINST | 3,265,586 |
| Vanguard Information Technology Index Fund | AGAINST | 2,898,982 |
The same proposal was put to NVIDIA, Amazon.com, Alphabet, Meta Platforms, Verizon Communications, JPMorgan Chase.
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