Intuit—Intuit board urged rejection of, and shareholders voted ~99% against, activist proposal targeting DEI programs
At Intuit's January 22, 2026 Annual Meeting of Stockholders, a proposal submitted by the conservative National Center for Public Policy Research -- requesting the board report on the financial return and legal/reputational risk of Intuit's diversity, equity and inclusion programs -- was decisively rejected by shareholders. Per Intuit's SEC 8-K vote-results filing, 228,853,804 votes were cast against the proposal versus 1,753,458 for (~99.2% against). Intuit's board had recommended stockholders vote against the proposal, calling it 'unnecessary and wasteful' and affirming that employees are one of the company's four key 'True North' stakeholders. The rejection came amid a wave of similar anti-DEI shareholder proposals and corporate DEI rollbacks across the tech and broader corporate sector in 2025-2026, making Intuit's active defense of its programs a notable outlier.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | +toward | secondary | +0.50 |
| DEI Programs | +toward | primary | +1.00 |
| Overall incident score = | +0.443 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.59)
Evidence (1 signal)
SEC 8-K vote-results filing: ~99% of Intuit shareholders rejected anti-DEI reporting proposal
Intuit's SEC 8-K filing disclosing results of its January 22, 2026 Annual Meeting of Stockholders shows the shareholder proposal requesting an ROI/risk report on Intuit's DEI programs failed by a wide margin (228,853,804 against vs. 1,753,458 for; 1,267,586 abstain; 17,178,505 broker non-votes). The board's proxy statement had recommended a vote against the proposal, describing it as 'unnecessary and wasteful' and reaffirming employees as a core 'True North' stakeholder group.