Miller/Howard Shareholder Resolutions
About Shareholder Advocacy
Risk mitigation through engagement is an important component of Miller/Howard's multi-faceted Shareholder Advocacy program, which is based on a collaborative approach and strives to address material environmental, social, and governance issues. Our goal is to engage companies in dialogue, educate other investors and regulators, and support actions that we believe will protect shareholder value through conversations and letters, collaborative efforts, and through filing and supporting Shareholder Resolutions. Read the Shareholder Resolutions FAQ >
Shareholder Engagement Tracker
Company
Sector
Initiative
Outcome
Year
AbbVie Inc
Healthcare
Pharmaceuticals
Blocked at the SEC; dialogue continued/planned/other
2017
AbbVie Inc
Healthcare
Lobbying & Expenditures
Vote: 36.1%
2021
AES Corporation
Utilities
Lobbying & Expenditures
Withdrawn due to company commitments/actions
2020
Anadarko Petroleum Corporation
Energy
Methane
Withdrawn due to company commitments/actions
2018
Anadarko Petroleum Corporation
Energy
Carbon Asset Risk
Withdrawn due to company commitments/actions
2017
A.O. Smith
Industrials
Sustainability Reporting
Withdrawn due to company commitments/actions
2018
Broadcom, Inc.
Technology
Recruitment & Forced Labor
Withdrawn due to company commitments/actions
2020
Cheniere Energy, Inc.
Energy
Lobbying & Expenditures
Withdrawn due to company commitments/actions
2020
Cabot Oil & Gas Corporation
Energy
Board Diversity
Withdrawn due to company commitments/actions
2016
Cabot Oil & Gas Corporation
Energy
Sustainability Reporting
Vote: 39.6%
2012
Cincinnati Financial Corp
Financials
Sustainability Reporting
Vote: 28%
2013
Citigroup
Financials
Lobbying & Expenditures
Vote: 23.2%
2021
Continental Resources, Inc
Energy
Board Diversity
Vote: 10.4% all shares; 56.7% with CEO-owned shares omitted
2017
Continental Resources, Inc
Energy
Board Diversity
Vote: 5.4%
2016
Devon Energy
Energy
Fracking
Withdrawn due to company commitments/actions
2018
El Paso Corp
Energy
Fracking
Withdrawn due to company commitments/actions
2011
El Paso Corp
Energy
Fracking
Withdrawn due to company commitments/actions
2010
Energen Corp
Energy
Methane
Withdrawn due to company commitments/actions
2018
Energen Corp
Energy
Methane
Vote: 28.9%
2016
Energen Corp
Energy
Methane
Vote: 29.4%
2015
Energen Corp
Energy
Methane
Vote: 26.8%
2014
Energen Corp
Energy
Fracking
Vote: 49.5%
2011
EOG Resources, Inc
Energy
GHG Targets
Blocked at the SEC
2018
EOG Resources, Inc
Energy
Methane/GHG
Withdrawn due to company commitments/actions; added data on five new quantitative metrics on emission intensity, including methane
2017
EQT Corp
Energy
Methane
Withdrawn due to company commitments/actions
2018
Exxon Mobil
Energy
Lobbying & Expenditures
Pending
2020
Exxon Mobil
Energy
2-Degree Analysis & Strategy
Blocked at the SEC; dialogue continued/planned/other
2019
General Electric Co
Industrials
Environmental (Other)
Blocked at the SEC; dialogue continued/planned/other
2016
Gilead Sciences, Inc
Healthcare
Pharmaceuticals
Blocked at the SEC; dialogue continued/planned/other
2017
Gilead Sciences, Inc
Healthcare
Independent Chair & CEO
Vote: 34.6%
2021
Gulfport Energy Corp
Energy
Board Diversity
Withdrawn due to company commitments/actions
2018
Johnson & Johnson
Healthcare
Pharmaceuticals
Blocked at the SEC; dialogue continued/planned/other
2017
Kinder Morgan, Inc
Energy
Methane
Vote: 38%
2018
Kinder Morgan, Inc
Energy
Methane
Vote: 40.6%
2017
Kinder Morgan, Inc
Energy
Methane
Vote: 33%
2016
Kinder Morgan, Inc
Energy
Methane
Vote: 22.8%
2015
Kinder Morgan, Inc
Energy
Methane
Vote: 17.7%
2014
Merck & Co, Inc
Healthcare
Pharmaceuticals
Blocked at the SEC; dialogue continued/planned/other
2017
Mueller Industries, Inc
Industrials
Board Diversity
Withdrawn due to company commitments/actions
2016
National Fuel Gas Co
Utilities
Fracking
Withdrawn due to company commitments/actions
2015
NextEra
Electric Utilities
GHG Targets/Net Zero by 2050
Withdrawn due to company commitments/actions
2022
Occidental Petroleum Corporation
Energy
Methane/GHG
Vote: 45.7%
2017
Old Republic International Corp.
Financials
Sustainability Reporting
Withdrawn due to company commitments/actions
2020
Penn Virginia Corp
Energy
Fracking
Withdrawn due to company commitments/actions
2012
Pfizer Inc
Healthcare
Covid-19 Drug Pricing & Access
Vote: 28.3%
2021
Pfizer, Inc.
Healthcare
Independent Chair & CEO
Vote: 34%
2020
Pfizer, Inc.
Healthcare
Independent Chair & CEO
Vote: 27%
2019
Pfizer Inc
Healthcare
Drug Pricing
Blocked at the SEC
2018
Pfizer Inc
Healthcare
Pharmaceuticals
Blocked at the SEC; dialogue continued/planned/other
2017
Pioneer Natural Resources Company
Energy
Fracking
Withdrawn due to company commitments/actions; added increased disclosure on drilling fluids, water use, and methane leak detection efforts
2017
PNM Resources
Energy
2 Degree Scenario
Vote: 14%
2018
PPL Corp
Utilities
Water
Withdrawn due to company commitments/actions
2011
Questar Corp
Utilities
Methane/GHG
Withdrawn due to company commitments/actions
2014
SCANA Corp
Utilities
Sustainability Reporting
Blocked at the SEC; dialogue continued/planned/other
2011
Stone Energy Corp
Energy
Fracking
Withdrawn due to company commitments/actions
2012
Triangle Capital Corp
Financials
Board Diversity
Withdrawn due to company commitments/actions
2016
Waste Connections, Inc
Industrials
Board Diversity
Withdrawn due to company commitments/actions
2016
*Year represents Annual General Meeting (AGM) date.
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INVESTMENT PRODUCTS: ARE NOT FDIC INSURED - MAY LOSE VALUE - ARE NOT BANK GUARANTEED

All securities listed were held in Miller/Howard portfolios at the time of engagement. There is no assurance that the securities have remained or will remain in the portfolio. These securities are being shown for informational purposes only. This sample should not be considered a recommendation to buy, sell or hold any of the securities and is not intended to imply that any one security listed above, or the portfolio as a whole, is appropriate for a particular client. It should not be assumed that any of the above securities were or will be profitable or that investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of the securities discussed. The returns on a portfolio that utilizes environmental, social, or governance (ESG) criteria for stock selection may be lower or higher than portfolios where ESG factors are not considered, and the investment opportunities available to such portfolios may differ.

To receive a complete list and description of Miller/Howard Investments’ strategies, please visit our website at mhinvest.com, email internals@mhinvest.com, call us at 845-679-9166, or write Miller/Howard Investments, PO Box 1598, Kingston, NY 12402. To receive a list of all recommendations for the previous year, please email compliance@mhinvest.com.

Opinions and estimates offered constitute Miller/Howard Investments' judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. Nothing stated herein, including the mention of specific company names, should be construed as a recommendation to buy, hold, or sell any security, sector, or MLPs in general. To receive a list of all recommendations for the previous year, please email compliance@mhinvest.com. All investments carry a certain degree of risk, including possible loss of principal. It is important to note that there are risks inherent in any investment and there can be no assurance that any asset class will provide positive performance over any period of time. The material may also contain forward-looking statements that involve risk and uncertainty, and there is no guarantee they will come to pass.

Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer’s board of directors, and the amount of any dividend may vary over time. Dividend yield is one component of performance and should not be the only consideration for investment.

The information above is from sources deemed to be reliable and is provided strictly for the convenience of our investors and their advisors. These materials are solely informational. Legal, accounting and tax restrictions, transaction costs, and changes to any assumptions may significantly affect the economics of any transaction.

The information and analyses contained herein are not intended as tax, legal, or investment advice and may not be appropriate for your specific circumstances; accordingly, you should consult your own tax, legal, investment, or other advisors, at both the outset of any transaction and on an ongoing basis, to determine such appropriateness. Any investment returns — past, hypothetical, or otherwise — are not indicative of future performance.

Investment Decisions: Do not use this report as the sole basis for investment decisions. Do not select an allocation, investment discipline, or investment manager based on performance alone. Consider, in addition to performance results, other relevant information about each investment manager, as well as matters such as your investment objectives, risk tolerance, and investment time horizon.

The returns on a portfolio that utilizes environmental, social, or governance (ESG) criteria for stock selection may be lower or higher than portfolios where ESG factors are not considered, and the investment opportunities available to such portfolios may differ.

Past performance does not guarantee future results.

© 2024 Miller/Howard Investments.

INVESTMENT PRODUCTS: ARE NOT FDIC INSURED - MAY LOSE VALUE - ARE NOT BANK GUARANTEED

All securities listed were held in Miller/Howard portfolios at the time of engagement. There is no assurance that the securities have remained or will remain in the portfolio. These securities are being shown for informational purposes only. This sample should not be considered a recommendation to buy, sell or hold any of the securities and is not intended to imply that any one security listed above, or the portfolio as a whole, is appropriate for a particular client. It should not be assumed that any of the above securities were or will be profitable or that investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of the securities discussed. The returns on a portfolio that utilizes environmental, social, or governance (ESG) criteria for stock selection may be lower or higher than portfolios where ESG factors are not considered, and the investment opportunities available to such portfolios may differ.

To receive a complete list and description of Miller/Howard Investments’ strategies, please visit our website at mhinvest.com, email internals@mhinvest.com, call us at 845-679-9166, or write Miller/Howard Investments, PO Box 1598, Kingston, NY 12402. To receive a list of all recommendations for the previous year, please email compliance@mhinvest.com.

Opinions and estimates offered constitute Miller/Howard Investments' judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. Nothing stated herein, including the mention of specific company names, should be construed as a recommendation to buy, hold, or sell any security, sector, or MLPs in general. To receive a list of all recommendations for the previous year, please email compliance@mhinvest.com. All investments carry a certain degree of risk, including possible loss of principal. It is important to note that there are risks inherent in any investment and there can be no assurance that any asset class will provide positive performance over any period of time. The material may also contain forward-looking statements that involve risk and uncertainty, and there is no guarantee they will come to pass.

Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer’s board of directors, and the amount of any dividend may vary over time. Dividend yield is one component of performance and should not be the only consideration for investment.

The information above is from sources deemed to be reliable and is provided strictly for the convenience of our investors and their advisors. These materials are solely informational. Legal, accounting and tax restrictions, transaction costs, and changes to any assumptions may significantly affect the economics of any transaction.

The information and analyses contained herein are not intended as tax, legal, or investment advice and may not be appropriate for your specific circumstances; accordingly, you should consult your own tax, legal, investment, or other advisors, at both the outset of any transaction and on an ongoing basis, to determine such appropriateness. Any investment returns — past, hypothetical, or otherwise — are not indicative of future performance.

Investment Decisions: Do not use this report as the sole basis for investment decisions. Do not select an allocation, investment discipline, or investment manager based on performance alone. Consider, in addition to performance results, other relevant information about each investment manager, as well as matters such as your investment objectives, risk tolerance, and investment time horizon.

The returns on a portfolio that utilizes environmental, social, or governance (ESG) criteria for stock selection may be lower or higher than portfolios where ESG factors are not considered, and the investment opportunities available to such portfolios may differ.

Past performance does not guarantee future results.

© 2024 Miller/Howard Investments.