Boardroom Alpha
Meeting calendar
MRK · Annual meeting · Tuesday, May 26, 2026

Merck & Co Inc

13 nominees · 6 ballot items.

Election of 13 directors; advisory (non-binding) approval of named executive officer compensation (say-on-pay); ratification of PwC as independent auditors for 2026; and three shareholder proposals requesting reports on (a) DEI risks in federal contracting, (b) healthcare coverage gaps, and (c) political contributions.

Market cap
$314.9B
1Y TSR
+55.6%
Board grade
B
Record date
Mar 27, 2026
Filing
DEF 14A
Meeting concluded · May 26, 2026

Follow how the vote landed and what changed on Merck & Co Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.

Proposals

On the ballot6

  1. 1

    Election of Directors

    ManagementBoard: FOR

    Elect the 13 director nominees named in the proxy statement to hold office until the next annual meeting.

  2. 2

    Non-Binding Advisory Vote to Approve the Compensation of Our Named Executive Officers (Say-on-Pay

    ManagementBoard: FOR

    Advisory (non-binding) vote to approve the compensation of the Company’s Named Executive Officers as disclosed in the proxy statement.

    More detail

    This non-binding advisory proposal asks shareholders to approve, on an advisory basis, the Company’s executive compensation program as disclosed in the proxy statement, including the Compensation Discussion and Analysis and related tables. Management seeks this approval to validate its pay-for-performance approach, which it says aligns executive incentives with Company strategy through a Company Scorecard (Revenue, Pre-Tax Income, Pipeline, Sustainability) for annual cash incentives and a long-term incentive mix of PSUs, RSUs and options tied to three-year EPS and R‑TSR metrics. The C&MD Committee and independent Directors recommend approval citing prior strong shareholder support (≈91% in 2025), robust governance safeguards (clawbacks, stock ownership guidelines, independent consultant), and the goal of competitively positioning pay to retain leadership. Key context includes substantial variable compensation (majority of CEO and NEO target TDC is at-risk), recent PSU payout of 94% driven by high EPS but low relative TSR, and ongoing shareholder engagement informing program design. A vote FOR signals shareholder support for the current structure; a vote AGAINST would be advisory only but could prompt further engagement and potential program adjustments. The Board emphasizes that the vote is non-binding but will be considered in future compensation decisions and that the Company conducts annual reviews and benchmarking against peer groups. Given the complexity of incentive design, shareholders weighing this proposal should consider the tradeoff between EPS-driven payouts and relative TSR outcomes, the Company’s disclosure and governance safeguards, and the materiality of compensation to long-term value creation.

  3. 3

    Ratification of Appointment of Independent Registered Public Accounting Firm for 2026

    ManagementBoard: FOR

    Ratify the Audit Committee’s appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2026.

  4. 4

    Shareholder Proposal Regarding a Report on DEI Risks in Federal Contracting

    Shareholder — Bahnsen Family TrustBoard: AGAINST

    Shareholder request that the Board prepare a report assessing risks associated with race-, gender-, or identity-based recruitment goals or preferences in light of federal contracting directives and legal exposure.

  5. 5

    Shareholder Proposal Regarding a Report on Healthcare Coverage Gaps

    Shareholder — William CunninghamBoard: AGAINST

    Shareholder request for a report on median compensation and benefits gaps across gender as they relate to reproductive and gender dysphoria care and associated risks.

  6. 6

    Shareholder Proposal Regarding a Report on Political Contributions

    Shareholder — Mercy Investment Services, Inc.Board: AGAINST

    Shareholder request that the Board oversee an analysis and report on alignment of the Company’s political contributions (direct and indirect) with its business, omitting lobbying activities.

Director elections

Nominees on the ballot13

Independent
Tenure on this board
10.9 yrs
Also a director at
Progressive Corp (PGR)Corning Inc (GLW)
Not independent
Tenure on this board
5.0 yrs
Also a director at
Duke Energy Corp (DUK)
Independent
Tenure on this board
18.6 yrs
Also a director at
Morgan Stanley (MS)
Independent
Tenure on this board
5.3 yrs
Also a director at
Sarepta Therapeutics Inc (SRPT)Allogene Therapeutics Inc (ALLO)
Independent
Tenure on this board
10.9 yrs
Also a director at
Labcorp Holdings Inc (LH)
Independent
Tenure on this board
30.9 yrs
Also a director at
General Motors Co (GM)Kkr & Co Inc (KKR)Hewlett Packard Enterprise Co (HPE)
Independent
Tenure on this board
6.3 yrs
Also a director at
Northrop Grumman Corp (NOC)
Ownership

Top institutional holders10

Latest 13F quarter
1VANGUARD CAPITAL MANAGEMENT LLC6.5%160,987,624$19.4B
2STATE STREET CORP4.8%119,325,673$14.5B
3BlackRock, Inc.3.5%85,532,630$10.3B
4WELLINGTON MANAGEMENT GROUP LLP3.2%78,841,241$9.5B
5VANGUARD PORTFOLIO MANAGEMENT LLC2.7%67,304,305$8.1B
6BlackRock, Inc.2.1%52,027,833$6.3B
7GEODE CAPITAL MANAGEMENT, LLC2.1%51,553,320$6.2B
8CHARLES SCHWAB INVESTMENT MANAGEMENT INC2.0%49,764,726$6.0B
9JPMORGAN CHASE CO1.4%34,636,651$4.1B
10Fisher Asset Management, LLC1.1%26,436,284$3.2B
Filings

Recent key filings

Periodic reports
Definitive proxies
Reference

Frequently asked questions

When is the Merck & Co Inc 2026 annual meeting?
Merck & Co Inc (MRK) holds its 2026 annual shareholder meeting on Tuesday, May 26, 2026.
What is the record date for the Merck & Co Inc 2026 meeting?
The record date for the Merck & Co Inc 2026 meeting is Friday, March 27, 2026. Shareholders of record on or before that date are eligible to vote.
Who are the director nominees for Merck & Co Inc's 2026 meeting?
The board is presenting 13 director nominees at the Merck & Co Inc 2026 meeting, listed with their independence status and background.
What proposals will shareholders vote on at the Merck & Co Inc 2026 meeting?
Shareholders will vote on 6 proposals at the Merck & Co Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.
Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer