# EDGAR Filing Document

**Accession Number:** 0001179232
**File Stem:** 0001179232-25-000008
**Filing Date:** 2025-8
**Character Count:** 77444
**Document Hash:** 6f1b47c0cd017a2e606061da4b87d975
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001179232-25-000008.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001179232-25-000008

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**EFFECTIVENESS DATE**: 20250827

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FOUNDATION RESOURCE MANAGEMENT INC
- **CENTRAL INDEX KEY:** 0001179232

**ORGANIZATION NAME:**
- **EIN:** 710714016
- **STATE OF INCORPORATION:** AR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10317
- **FILM NUMBER:** 251264023

**BUSINESS ADDRESS:**
- **STREET 1:** 401 W CAPITOL AVE
- **STREET 2:** SUITE 503
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72201
- **BUSINESS PHONE:** 5016043190

**MAIL ADDRESS:**
- **STREET 1:** 401 W CAPITOL AVE
- **STREET 2:** SUITE 503
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72201

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

## N-PX: Filer Information

**Filer CIK:** 0001179232

**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:** Foundation Resource Management Inc

**Address:** 401 W. Capitol Ave, Little Rock, AR 72201

**Telephone number:** 5015342675

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-10317

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

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

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] 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 |    641           |                0 | AGAINST     | 641                                      | AGAINST                     |  |
| AGNICO EAGLE MINES LIMITED            | 008474108 | 04/25/2025     | Consideration of and, if deemed advisable, the passing of a non-binding, advisory resolution accepting the Company's approach to executive compensation.                                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 300945           |                0 | AGAINST     | 300945                                   | AGAINST                     |  |
| ALAMOS GOLD INC.                      | 011532108 | 05/29/2025     | Executive Compensation To consider, and if deemed advisable, pass a resolution to approve an advisory resolution on the Company's approach to executive compensation.                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  47297           |                0 | AGAINST     | 47297                                    | AGAINST                     |  |
| ALTRIA GROUP, INC.                    | 02209S103 | 05/15/2025     | Non-Binding Advisory Vote to Approve the Compensation of Altria's Named Executive Officers                                                                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |    944           |                0 | AGAINST     | 944                                      | AGAINST                     |  |
| AMAZON.COM, INC.                      | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| APA CORPORATION                       | 03743Q108 | 05/22/2025     | Advisory Vote to Approve Compensation of APA's Named Executive Officers                                                                                                                                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 159206           |                0 | AGAINST     | 159206                                   | AGAINST                     |  |
| APPLE INC.                            | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |    125           |                0 | AGAINST     | 125                                      | AGAINST                     |  |
| AUTOMATIC DATA PROCESSING, INC.       | 053015103 | 11/06/2024     | Advisory Vote on Executive Compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |    125           |                0 | AGAINST     | 125                                      | AGAINST                     |  |
| BANK OF AMERICA CORPORATION           | 060505104 | 04/22/2025     | Approving our executive compensation (an advisory, non-binding "Say on Pay" resolution)                                                                                                                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |   1900           |                0 | AGAINST     | 1900                                     | AGAINST                     |  |
| BARRICK GOLD CORPORATION              | 067901108 | 05/06/2025     | ADVISORY RESOLUTION ON APPROACH TO EXECUTIVE COMPENSATION.                                                                                                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 592223           |                0 | AGAINST     | 592223                                   | AGAINST                     |  |
| BASF SE                               | 055262505 | 05/02/2025     | Adoption of a resolution approving the Compensation Report in accordance with Section 162 of the German Stock Corporation Act                                                                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 567747           |                0 | AGAINST     | 567747                                   | AGAINST                     |  |
| BAYER AG                              | 072730302 | 04/25/2025     | Resolution on the approval of the Compensation Report                                                                                                                                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      1.11334e+06 |                0 | AGAINST     | 1113345                                  | AGAINST                     |  |
| BRISTOL-MYERS SQUIBB COMPANY          | 110122108 | 05/06/2025     | Advisory Vote to Approve the Compensation of our Named Executive Officers                                                                                                                                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 148818           |                0 | AGAINST     | 148818                                   | AGAINST                     |  |
| CAMECO CORPORATION                    | 13321L108 | 05/09/2025     | Have a say on our approach to executive compensation (see page 8 of the management proxy circular) As this is an advisory vote, the results will not be binding on the board. Be it resolved that, on an advisory basis and not to diminish the role and responsibilities of the board of directors for executive compensation, the shareholders accept the approach to executive compensation disclosed in Cameco's management proxy circular delivered in advance of the 2025 annual meeting of shareholders. | SECTION 14A SAY-ON-PAY VOTES | 543603           |                0 | AGAINST     | 543603                                   | AGAINST                     |  |
| CARRIER GLOBAL CORPORATION            | 14448C104 | 04/09/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |   1749           |                0 | AGAINST     | 1749                                     | AGAINST                     |  |
| CATERPILLAR INC.                      | 149123101 | 06/11/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |    750           |                0 | AGAINST     | 750                                      | AGAINST                     |  |
| CENOVUS ENERGY INC.                   | 15135U109 | 05/08/2025     | Shareholder Advisory Vote on Executive Compensation Accept the Corporation's approach to executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 412546           |                0 | AGAINST     | 412546                                   | AGAINST                     |  |
| CENTERPOINT ENERGY, INC.              | 15189T107 | 04/16/2025     | Approve the advisory resolution on executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |   9526           |                0 | AGAINST     | 9526                                     | AGAINST                     |  |
| CHEVRON CORPORATION                   | 166764100 | 05/28/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 226552           |                0 | AGAINST     | 226552                                   | AGAINST                     |  |
| CHUBB LIMITED                         | H1467J104 | 05/15/2025     | Advisory vote to approve executive compensation under U.S. securities law requirements                                                                                                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |   1921           |                0 | AGAINST     | 1921                                     | AGAINST                     |  |
| CISCO SYSTEMS, INC.                   | 17275R102 | 12/09/2024     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 143151           |                0 | AGAINST     | 143151                                   | AGAINST                     |  |
| CNH INDUSTRIAL N V                    | N20944109 | 05/12/2025     | Approval of executive compensation ("Say on Pay") (advisory voting item)                                                                                                                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 616903           |                0 | AGAINST     | 616903                                   | AGAINST                     |  |
| COMCAST CORPORATION                   | 20030N101 | 06/18/2025     | Advisory vote on executive compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |    968           |                0 | FOR         | 968                                      | FOR                         |  |
| CONOCOPHILLIPS                        | 20825C104 | 05/13/2025     | Advisory Approval of Executive Compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 277460           |                0 | AGAINST     | 277460                                   | AGAINST                     |  |
| D.R. HORTON, INC.                     | 23331A109 | 01/16/2025     | Approval of the advisory resolution on executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |    232           |                0 | FOR         | 232                                      | FOR                         |  |
| DEVON ENERGY CORPORATION              | 25179M103 | 06/04/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 107516           |                0 | AGAINST     | 107516                                   | AGAINST                     |  |
| DIAMONDBACK ENERGY, INC.              | 25278X109 | 05/21/2025     | The approval, on an advisory basis, of the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |    446           |                0 | AGAINST     | 446                                      | AGAINST                     |  |
| DOLLAR GENERAL CORPORATION            | 256677105 | 05/29/2025     | To approve, on an advisory (non-binding) basis, the resolution regarding the compensation of Dollar General Corporation's named executive officers as disclosed in the proxy statement.                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 273950           |                0 | AGAINST     | 273950                                   | AGAINST                     |  |
| DUPONT DE NEMOURS, INC.               | 26614N102 | 05/22/2025     | Advisory Resolution to Approve Executive Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |    264           |                0 | AGAINST     | 264                                      | AGAINST                     |  |
| EASTMAN CHEMICAL COMPANY              | 277432100 | 05/01/2025     | Advisory Approval of Executive Compensation as Disclosed in Proxy Statement                                                                                                                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |   2300           |                0 | AGAINST     | 2300                                     | AGAINST                     |  |
| 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 |     11           |                0 | AGAINST     | 11                                       | AGAINST                     |  |
| EMERSON ELECTRIC CO.                  | 291011104 | 02/04/2025     | Approval, by non-binding advisory vote, of Emerson Electric Co. executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |    300           |                0 | AGAINST     | 300                                      | AGAINST                     |  |
| EOG RESOURCES, INC.                   | 26875P101 | 05/21/2025     | To approve, by non-binding vote, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |    198           |                0 | AGAINST     | 198                                      | AGAINST                     |  |
| EVERUS CONSTRUCTION GROUP, INC.       | 300426103 | 05/20/2025     | Advisory Vote to Approve the Frequency of Future Advisory Votes to Approve the Compensation Paid to the Company's Named Executive Officers.                                                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |    216           |                0 | 1 YEAR      | 216                                      | FOR                         |  |
| EVERUS CONSTRUCTION GROUP, INC.       | 300426103 | 05/20/2025     | Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers.                                                                                                                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |    216           |                0 | AGAINST     | 216                                      | AGAINST                     |  |
| EXPAND ENERGY CORPORATION             | 165167735 | 06/05/2025     | To approve on an advisory basis our named executive officer compensation for 2024.                                                                                                                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |     26           |                0 | AGAINST     | 26                                       | AGAINST                     |  |
| EXXON MOBIL CORPORATION               | 30231G102 | 05/28/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 407096           |                0 | AGAINST     | 407095.9175                              | AGAINST                     |  |
| FREEPORT-MCMORAN INC.                 | 35671D857 | 06/11/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 215236           |                0 | AGAINST     | 215236                                   | AGAINST                     |  |
| GENERAL MILLS, INC.                   | 370334104 | 09/24/2024     | Advisory Vote on Executive Compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |    200           |                0 | AGAINST     | 200                                      | AGAINST                     |  |
| GILEAD SCIENCES, INC.                 | 375558103 | 05/07/2025     | To approve, on an advisory basis, the compensation of our Named Executive Officers as presented in the Proxy Statement.                                                                                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 194180           |                0 | AGAINST     | 194180                                   | AGAINST                     |  |
| GLATFELTER CORPORATION                | 377320106 | 10/23/2024     | "Golden Parachute" Compensation Proposal. To approve, on an advisory (non-binding) basis, the "golden parachute" compensation payments that will or may be paid by Glatfelter to its named executive officers in connection with the Merger.                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 414981           |                0 | AGAINST     | 414981                                   | AGAINST                     |  |
| GRAFTECH INTERNATIONAL LTD.           | 384313508 | 05/08/2025     | Approve, on an advisory basis, our named executive officer compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |      1.62749e+06 |                0 | AGAINST     | 1627493                                  | AGAINST                     |  |
| GRAFTECH INTERNATIONAL LTD.           | 384313508 | 05/08/2025     | To vote, on an advisory basis, on the frequency of the advisory vote on our named executive officer compensation.                                                                                                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      1.62749e+06 |                0 | 1 YEAR      | 1627493                                  | FOR                         |  |
| GSK PLC                               | 37733W204 | 05/07/2025     | To approve the Annual report on remuneration                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |    160           |                0 | AGAINST     | 160                                      | AGAINST                     |  |
| HOME BANCSHARES, INC.                 | 436893200 | 04/17/2025     | Advisory (non-binding) vote approving the Company's executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |    700           |                0 | AGAINST     | 700                                      | AGAINST                     |  |
| HONEYWELL INTERNATIONAL INC.          | 438516106 | 05/20/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |    503           |                0 | AGAINST     | 503                                      | AGAINST                     |  |
| HP INC.                               | 40434L105 | 04/14/2025     | To approve, on an advisory basis, HP Inc.'s named executive officer compensation                                                                                                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 359724           |                0 | AGAINST     | 359724                                   | AGAINST                     |  |
| INTEL CORPORATION                     | 458140100 | 05/06/2025     | Advisory vote on executive compensation (Say-On-Pay).                                                                                                                                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 520047           |                0 | AGAINST     | 520047                                   | AGAINST                     |  |
| INTERNATIONAL BUSINESS MACHINES CORP. | 459200101 | 04/29/2025     | Advisory Vote on Executive Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |   1399           |                0 | AGAINST     | 1399                                     | AGAINST                     |  |
| JOHNSON  JOHNSON                      | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |   1065           |                0 | AGAINST     | 1065                                     | AGAINST                     |  |
| KNIFE RIVER CORPORATION               | 498894104 | 05/22/2025     | Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers.                                                                                                                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |    216           |                0 | AGAINST     | 216                                      | AGAINST                     |  |
| LOCKHEED MARTIN CORPORATION           | 539830109 | 05/09/2025     | Advisory Vote to Approve the Compensation of our Named Executive Officers (Say-on-Pay)                                                                                                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |    100           |                0 | AGAINST     | 100                                      | AGAINST                     |  |
| LOEWS CORPORATION                     | 540424108 | 05/13/2025     | Approve, on an advisory basis, executive compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 125113           |                0 | AGAINST     | 125113                                   | AGAINST                     |  |
| LOUISIANA-PACIFIC CORPORATION         | 546347105 | 05/08/2025     | Advisory vote to approve named executive officer compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |    299           |                0 | AGAINST     | 299                                      | AGAINST                     |  |
| MARATHON OIL CORPORATION              | 565849106 | 08/29/2024     | To approve, by a non-binding advisory vote, certain compensation that may be paid or become payable to Marathon Oil's named executive officers that is based on or otherwise relates to the merger contemplated by the merger agreement.                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |   5834           |                0 | FOR         | 5834                                     | FOR                         |  |
| MARATHON PETROLEUM CORPORATION        | 56585A102 | 04/30/2025     | Approval, on an advisory basis, of the company's named executive officer compensation.                                                                                                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |   4929           |                0 | AGAINST     | 4929                                     | AGAINST                     |  |
| MDU RESOURCES GROUP, INC.             | 552690109 | 05/13/2025     | Vote, on an Advisory Basis, to Approve the Company's Named Executive Officers' compensation.                                                                                                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |    865           |                0 | AGAINST     | 865                                      | 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 | 181291           |                0 | AGAINST     | 181291                                   | AGAINST                     |  |
| MOLSON COORS BEVERAGE COMPANY         | 60871R209 | 05/14/2025     | To approve, in a non-binding advisory vote, the compensation of Molson Coors Beverage Company's named executive officers.                                                                                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |    300           |                0 | AGAINST     | 300                                      | AGAINST                     |  |
| MURPHY OIL CORPORATION                | 626717102 | 05/14/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |   6050           |                0 | AGAINST     | 6050                                     | AGAINST                     |  |
| MURPHY USA INC.                       | 626755102 | 05/01/2025     | Approval of Executive Compensation on an Advisory, Non-Binding Basis.                                                                                                                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |    375           |                0 | AGAINST     | 375                                      | AGAINST                     |  |
| NATIONAL FUEL GAS COMPANY             | 636180101 | 03/13/2025     | Advisory approval of named executive officer compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| NEWMONT CORPORATION                   | 651639106 | 04/30/2025     | Approval of the advisory resolution on Newmont's executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 675407           |                0 | AGAINST     | 675407                                   | AGAINST                     |  |
| NUTRIEN LTD.                          | 67077M108 | 05/07/2025     | A non-binding advisory resolution to accept the Corporation's approach to executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 165910           |                0 | AGAINST     | 165910                                   | AGAINST                     |  |
| OTIS WORLDWIDE CORPORATION            | 68902V107 | 05/15/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |    223           |                0 | AGAINST     | 223                                      | AGAINST                     |  |
| OVINTIV INC.                          | 69047Q102 | 05/01/2025     | Advisory Vote to Approve Compensation of Named Executive Officers                                                                                                                                                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  88783           |                0 | AGAINST     | 88783                                    | AGAINST                     |  |
| PARK AEROSPACE CORP.                  | 70014A104 | 07/18/2024     | Approval, on an advisory (non-binding) basis, of the compensation of the named executive officers.                                                                                                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES | 449668           |                0 | FOR         | 449668                                   | FOR                         |  |
| PEPSICO, INC.                         | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |    200           |                0 | AGAINST     | 200                                      | AGAINST                     |  |
| PFIZER INC.                           | 717081103 | 04/24/2025     | 2025 advisory approval of executive compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 543353           |                0 | AGAINST     | 543353                                   | AGAINST                     |  |
| PHILLIPS 66                           | 718546104 | 05/21/2025     | ADVISORY APPROVAL OF EXECUTIVE COMPENSATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |  61403           |                0 | AGAINST     | 61403                                    | AGAINST                     |  |
| PHILLIPS 66                           | 718546104 | 05/21/2025     | ADVISORY APPROVAL OF FREQUENCY OF FUTURE ADVISORY APPROVALS OF EXECUTIVE COMPENSATION                                                                                                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  61403           |                0 | 1 YEAR      | 61403                                    | FOR                         |  |
| PILGRIM'S PRIDE CORPORATION           | 72147K108 | 04/30/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |   3630           |                0 | AGAINST     | 3630                                     | AGAINST                     |  |
| PLUS THERAPEUTICS, INC.               | 72941H509 | 08/15/2024     | Non-binding advisory vote on compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| POWER CORPORATION OF CANADA           | 739239101 | 05/14/2025     | Non-binding Advisory Resolution on the Corporation's Approach to Executive Compensation.                                                                                                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 573873           |                0 | AGAINST     | 573873                                   | AGAINST                     |  |
| REGIONS FINANCIAL CORPORATION         | 7591EP100 | 04/16/2025     | Advisory Vote to Approve Regions' Executive Compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |    212           |                0 | AGAINST     | 212                                      | AGAINST                     |  |
| RELIANCE, INC.                        | 759509102 | 05/21/2025     | To consider a non-binding, advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |    127           |                0 | AGAINST     | 127                                      | AGAINST                     |  |
| RIO TINTO PLC                         | 767204100 | 04/03/2025     | Approval of the Directors' Remuneration Report: Implementation Report                                                                                                                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |   1864           |                0 | FOR         | 1864                                     | FOR                         |  |
| RIO TINTO PLC                         | 767204100 | 04/03/2025     | Approval of the Directors' Remuneration Report                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |   1864           |                0 | FOR         | 1864                                     | FOR                         |  |
| RIVIAN AUTOMOTIVE, INC.               | 76954A103 | 06/18/2025     | Approval, on an advisory (non-binding) basis, of the compensation of our named executive officers in 2024.                                                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |  10000           |                0 | FOR         | 10000                                    | FOR                         |  |
| RTX CORPORATION                       | 75513E101 | 05/01/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |   1749           |                0 | AGAINST     | 1749                                     | AGAINST                     |  |
| SANOFI                                | 80105N105 | 04/30/2025     | Approval of the components of the compensation paid or awarded in respect of the year ended December 31, 2024 to Frédéric Oudéa, Chairman of the Board                                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 254514           |                0 | AGAINST     | 254514                                   | AGAINST                     |  |
| SANOFI                                | 80105N105 | 04/30/2025     | Approval of the components of the compensation paid or awarded in respect of the year ended December 31, 2024 to Paul Hudson, Chief Executive Officer                                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 254514           |                0 | AGAINST     | 254514                                   | AGAINST                     |  |
| SIMMONS FIRST NATIONAL CORPORATION    | 828730200 | 05/07/2025     | To adopt the following non-binding resolution approving the compensation of the named executive officers of the Company: "RESOLVED, that the compensation paid to the Company's named executive officers, as disclosed in the proxy statement pursuant to Item 402 of Regulation S-K, including the Compensation Discussion and Analysis, the compensation tables, and narrative discussion, is hereby APPROVED."                                                                                               | SECTION 14A SAY-ON-PAY VOTES |   2000           |                0 | AGAINST     | 2000                                     | AGAINST                     |  |
| SIMON PROPERTY GROUP, INC.            | 828806109 | 05/14/2025     | Advisory Vote to Approve the Compensation of our Named Executive Officers.                                                                                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |    567           |                0 | AGAINST     | 567                                      | AGAINST                     |  |
| STATE STREET CORPORATION              | 857477103 | 05/14/2025     | To approve an advisory proposal on executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |   1000           |                0 | AGAINST     | 1000                                     | AGAINST                     |  |
| TECK RESOURCES LIMITED                | 878742204 | 04/24/2025     | To approve an advisory resolution on Teck's approach to executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 939495           |                0 | AGAINST     | 939495                                   | AGAINST                     |  |
| TECK RESOURCES LIMITED                | 878742303 | 04/24/2025     | To approve an advisory resolution on Teck's approach to executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |    200           |                0 | AGAINST     | 200                                      | AGAINST                     |  |
| TEJON RANCH CO.                       | 879080109 | 05/13/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 464030           |                0 | AGAINST     | 464030                                   | AGAINST                     |  |
| THE BOEING COMPANY                    | 097023105 | 04/24/2025     | Approve, on an Advisory Basis, Named Executive Officer Compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |    125           |                0 | AGAINST     | 125                                      | AGAINST                     |  |
| THE COCA-COLA COMPANY                 | 191216100 | 04/30/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |    400           |                0 | AGAINST     | 400                                      | AGAINST                     |  |
| THE KRAFT HEINZ COMPANY               | 500754106 | 05/08/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 304461           |                0 | AGAINST     | 304461                                   | AGAINST                     |  |
| THE KROGER CO.                        | 501044101 | 06/26/2025     | Approval, on an advisory basis, of Kroger's executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |    360           |                0 | FOR         | 360                                      | FOR                         |  |
| THE MOSAIC COMPANY                    | 61945C103 | 05/29/2025     | An advisory vote to approve the compensation of our named executive officers as disclosed in the Proxy Statement.                                                                                                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 620232           |                0 | AGAINST     | 620232                                   | AGAINST                     |  |
| THE SOUTHERN COMPANY                  | 842587107 | 05/21/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |    630           |                0 | AGAINST     | 630                                      | AGAINST                     |  |
| THE TRAVELERS COMPANIES, INC.         | 89417E109 | 05/21/2025     | Non-binding vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |   2266           |                0 | AGAINST     | 2266                                     | AGAINST                     |  |
| TOTAL ENERGIES SE                     | 89151E109 | 05/23/2025     | Approval of the fixed, variable and extraordinary components making up the total compensation and the in-kind benefits paid during the fiscal year 2024 or allocated for that year to Mr. Patrick Pouyanné, Chairman and Chief Executive Officer                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |    300           |                0 | AGAINST     | 300                                      | AGAINST                     |  |
| TRANSOCEAN, LTD.                      | H8817H100 | 05/30/2025     | Advisory Vote to Approve Named Executive Officer Compensation for Fiscal Year 2025                                                                                                                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES | 173307           |                0 | AGAINST     | 173307                                   | AGAINST                     |  |
| VALERO ENERGY CORPORATION             | 91913Y100 | 05/06/2025     | Advisory vote to approve the 2024 compensation of named executive officers.                                                                                                                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |    374           |                0 | AGAINST     | 374                                      | AGAINST                     |  |
| VERIZON COMMUNICATIONS INC.           | 92343V104 | 05/22/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 602259           |                0 | AGAINST     | 602259                                   | AGAINST                     |  |
| WAJAX CORPORATION                     | 930783105 | 05/06/2025     | Advisory Say-on-Pay Resolution To approve on an advisory basis, a resolution, the full text of which is set forth in the accompanying Management Information Circular dated March 4, 2025, to accept the Corporation's approach to executive compensation, as disclosed in the Management Information Circular.                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 543195           |                0 | AGAINST     | 543195                                   | AGAINST                     |  |
| WALMART INC.                          | 931142103 | 06/05/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |  17939           |                0 | AGAINST     | 17939                                    | AGAINST                     |  |
| WHIRLPOOL CORPORATION                 | 963320106 | 04/15/2025     | Advisory vote to approve Whirlpool Corporation's executive compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |

## N-PX: Signature Block

**Reporting Person:** Foundation Resource Management Inc

**By (Signature):** Abby McKelvy

**By (Printed Signature):** Abby McKelvy

**By (Title):** CFO

**Date:** 08/27/2025