# EDGAR Filing Document

**Accession Number:** 0001316617
**File Stem:** 0001438934-25-002547
**Filing Date:** 2025-8
**Character Count:** 23014
**Document Hash:** f6f37304e184f94fa59b6ac0b2ee3e35
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001438934-25-002547.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001438934-25-002547

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SATURNA CAPITAL CORP
- **CENTRAL INDEX KEY:** 0001316617

**ORGANIZATION NAME:**
- **EIN:** 911454817
- **STATE OF INCORPORATION:** WA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11042
- **FILM NUMBER:** 251276292

**BUSINESS ADDRESS:**
- **STREET 1:** 1300 N. STATE ST.
- **CITY:** BELLINGHAM
- **STATE:** WA
- **ZIP:** 98225
- **BUSINESS PHONE:** 360-734-9900

**MAIL ADDRESS:**
- **STREET 1:** 1300 N. STATE ST.
- **CITY:** BELLINGHAM
- **STATE:** WA
- **ZIP:** 98225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Saturna Capital CORP
- **DATE OF NAME CHANGE:** 20050203

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001316617

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** SATURNA CAPITAL CORP

**Address:** 1300 N. State St., Bellingham, WA 98225

**Telephone number:** 3607349900

**Name of agent for service:** Elliot Cohen

**Agent Address:** 1300 N. State St., Bellingham, WA 98225

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-11042

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 549300R3MES20JO2FK48

**Report Type (check only one):**

Institutional Manager.

- [ ] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [x] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                     | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                              | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   | SHARES VOTED FOR OR AGAINST MANAGEMENT   | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|:---|:---|:---|
| ABBOTT LABORATORIES                | 002824100 | 04/25/2025     | Say on Pay - An Advisory Vote on the Approval of Executive Compensation                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| ABBVIE INC.                        | 00287Y109 | 05/09/2025     | Say on Pay - An advisory vote on the approval of executive compensation                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| ADOBE INC.                         | 00724F101 | 04/22/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |             77 |                0 | AGAINST     | 77                                       | AGAINST                     |  |
| ADVANCED MICRO DEVICES, INC.       | 007903107 | 05/14/2025     | Approve on a non-binding, advisory basis the compensation of the named executive officers, as disclosed in this proxy statement pursuant to the compensation disclosure rules of the U.S. Securities and Exchange Commission. | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| AGILENT TECHNOLOGIES, INC.         | 00846U101 | 03/13/2025     | To approve, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |            250 |                0 | FOR         | 250                                      | FOR                         |  |
| AIR PRODUCTS AND CHEMICALS, INC.   | 009158106 | 01/23/2025     | Advisory Vote Approving the Compensation of the Company's Executive Officers.                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |             90 |                0 | AGAINST     | 90                                       | AGAINST                     |  |
| AMGEN INC.                         | 031162100 | 05/23/2025     | Advisory vote to approve our executive compensation.                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |            102 |                0 | FOR         | 102                                      | FOR                         |  |
| APPLE INC.                         | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| ASML HOLDINGS N.V.                 | N07059210 | 04/23/2025     | Advisory vote on the remuneration report for the Board of Management and the Supervisory Board for the financial year 2024                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| ASTRAZENECA PLC                    | 046353108 | 04/11/2025     | To approve the annual statement of the Chair of the Remuneration Committee and the Annual Report on Remuneration for the year ended 31 December 2024                                                                          | SECTION 14A SAY-ON-PAY VOTES |            425 |                0 | FOR         | 425                                      | FOR                         |  |
| AUTOZONE, INC.                     | 053332102 | 12/18/2024     | Approval of an advisory vote on the compensation of named executive officers                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |             10 |                0 | FOR         | 10                                       | FOR                         |  |
| BROADCOM INC                       | 11135F101 | 04/21/2025     | Advisory vote to approve the named executive officer compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |            457 |                0 | AGAINST     | 457                                      | AGAINST                     |  |
| CANADIAN NATIONAL RAILWAY COMPANY  | 136375102 | 05/02/2025     | Non-binding advisory resolution (the full text of which is set out on page 15 of the Information Circular) to accept the approach to executive compensation disclosed in the Information Circular.                            | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| CHURCH  DWIGHT CO., INC.           | 171340102 | 05/01/2025     | An advisory vote to approve compensation of our named executive officers.                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| CISCO SYSTEMS, INC.                | 17275R102 | 12/09/2024     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |            862 |                0 | FOR         | 862                                      | FOR                         |  |
| COLGATE-PALMOLIVE COMPANY          | 194162103 | 05/09/2025     | Advisory vote on executive compensation.                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |            327 |                0 | FOR         | 327                                      | FOR                         |  |
| EATON CORPORATION PLC              | G29183103 | 04/23/2025     | Approving, on an advisory basis, the Company's executive compensation.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| ELEVANCE HEALTH, INC.              | 036752103 | 05/14/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| ELI LILLY AND COMPANY              | 532457108 | 05/05/2025     | Approval, on an advisory basis, of the compensation paid to the company's named executive officers.                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| GARTNER, INC.                      | 366651107 | 05/29/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |             50 |                0 | FOR         | 50                                       | FOR                         |  |
| GENUINE PARTS COMPANY              | 372460105 | 04/28/2025     | Advisory Vote On Executive Compensation                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |            275 |                0 | AGAINST     | 275                                      | AGAINST                     |  |
| ILLINOIS TOOL WORKS INC.           | 452308109 | 05/02/2025     | Advisory vote to approve compensation of ITW's named executive officers.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| INTUIT INC.                        | 461202103 | 01/23/2025     | Advisory vote to approve Intuit's executive compensation (say-on-pay).                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |             69 |                0 | AGAINST     | 69                                       | AGAINST                     |  |
| JOHNSON  JOHNSON                   | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |            140 |                0 | AGAINST     | 140                                      | AGAINST                     |  |
| JOHNSON CONTROLS INTERNATIONAL PLC | G51502105 | 03/12/2025     | To approve, in a non-binding advisory vote, the compensation of the named executive officers.                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| KENVUE INC.                        | 49177J102 | 05/22/2025     | Approve, on a non-binding advisory basis, the compensation of Kenvue Inc.'s named executive officers.                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |            900 |                0 | FOR         | 900                                      | FOR                         |  |
| KEYSIGHT TECHNOLOGIES, INC.        | 49338L103 | 03/20/2025     | Approve, on a non-binding advisory basis, the compensation of Keysight's Named Executive Officers.                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |            220 |                0 | AGAINST     | 220                                      | AGAINST                     |  |
| KIMBERLY-CLARK CORPORATION         | 494368103 | 05/01/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |            240 |                0 | FOR         | 240                                      | FOR                         |  |
| LINCOLN ELECTRIC HOLDINGS, INC.    | 533900106 | 04/24/2025     | To approve, on an advisory basis, the compensation of our named executive officers (NEOs).                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| LOWE'S COMPANIES, INC.             | 548661107 | 05/30/2025     | Advisory vote to approve the Company's named executive officer compensation in fiscal 2024.                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |            120 |                0 | AGAINST     | 120                                      | AGAINST                     |  |
| MERCK  CO., INC.                   | 58933Y105 | 05/27/2025     | Non-binding advisory vote to approve the compensation of our named executive officers.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |            293 |                0 | AGAINST     | 293                                      | AGAINST                     |  |
| MICROSOFT CORPORATION              | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote").                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |            265 |                0 | FOR         | 265                                      | FOR                         |  |
| NOVARTIS AG                        | 66987V109 | 03/07/2025     | Advisory vote on the 2024 Compensation Report.                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |            240 |                0 | FOR         | 240                                      | FOR                         |  |
| NVIDIA CORPORATION                 | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |            464 |                0 | AGAINST     | 464                                      | AGAINST                     |  |
| ORACLE CORPORATION                 | 68389X105 | 11/14/2024     | Advisory Vote to Approve the Compensation of our Named Executive Officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |            227 |                0 | FOR         | 227                                      | FOR                         |  |
| PPG INDUSTRIES, INC.               | 693506107 | 04/17/2025     | Approve the compensation of the Company's named executive officers on an advisory basis.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |            275 |                0 | AGAINST     | 275                                      | AGAINST                     |  |
| ROCKWELL AUTOMATION, INC.          | 773903109 | 02/04/2025     | To approve, on an advisory basis, the compensation of the Corporation's named executive officers.                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| SERVICENOW, INC.                   | 81762P102 | 05/22/2025     | Advisory vote to approve ServiceNow's named executive officer compensation.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| STRYKER CORPORATION                | 863667101 | 05/08/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |             90 |                0 | FOR         | 90                                       | FOR                         |  |
| TEXAS INSTRUMENTS INCORPORATED     | 882508104 | 04/17/2025     | Board proposal regarding advisory approval of the Company's executive compensation.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| THE TJX COMPANIES, INC.            | 872540109 | 06/10/2025     | Advisory approval of TJX's executive compensation (the say-on-pay vote)                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |            292 |                0 | AGAINST     | 292                                      | AGAINST                     |  |
| TRANE TECHNOLOGIES PLC             | G8994E103 | 06/05/2025     | Advisory approval of the compensation of the Company's named executive officers.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |            101 |                0 | FOR         | 101                                      | FOR                         |  |
| TRIMBLE INC.                       | 896239100 | 06/17/2025     | Advisory vote to approve executive compensation                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |            500 |                0 | AGAINST     | 500                                      | AGAINST                     |  |
| UNILEVER PLC                       | 904767704 | 04/30/2025     | To approve the Directors' Remuneration Report.                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |            375 |                0 | FOR         | 375                                      | FOR                         |  |
| UNION PACIFIC CORPORATION          | 907818108 | 05/08/2025     | Approve, by non-binding vote, the compensation of the Company's Named Executive Officers ("Say on Pay").                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| UNITED PARCEL SERVICE, INC.        | 911312106 | 05/08/2025     | To approve on an advisory basis named executive officer compensation.                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| W.W. GRAINGER, INC.                | 384802104 | 04/30/2025     | To approve on a non-binding advisory basis the compensation of Grainger's Named Executive Officers.                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |             53 |                0 | FOR         | 53                                       | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** SATURNA CAPITAL CORP

**By (Signature):** Michael Lewis

**By (Printed Signature):** Michael Lewis

**By (Title):** Chief Compliance Officer

**Date:** 08/15/2025