It depends. According to this IRS publication, "Schedule G (Form 1120) is used to provide information applicable to certain entities, individuals, and estates that own, directly, 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of a corporation's stock entitled to vote."
Normally in a corporation or S-Corp, common stock does carry voting rights unless but the nature of the rights and the specific issues shareholders are entitled to vote on can vary considerably from one company to another. You may check your S-Corp By-Laws for more information.
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