# EDGAR Filing Document

**Accession Number:** 0001278951
**File Stem:** 0001085146-25-005519
**Filing Date:** 2025-8
**Character Count:** 27373
**Document Hash:** 34566e55dae6f7cb50aed5bb15b688f4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-005519.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001085146-25-005519

**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:** GOLDENTREE ASSET MANAGEMENT LP
- **CENTRAL INDEX KEY:** 0001278951

**ORGANIZATION NAME:**
- **EIN:** 134118850
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10632
- **FILM NUMBER:** 251258872

**BUSINESS ADDRESS:**
- **STREET 1:** 300 PARK AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 2128473500

**MAIL ADDRESS:**
- **STREET 1:** 300 PARK AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

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

## N-PX: Filer Information

**Filer CIK:** 0001278951

**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:** GOLDENTREE ASSET MANAGEMENT LP

**Address:** 300 PARK AVENUE, NEW YORK, NY 10022

**Telephone number:** 212-847-3459

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-10632

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| ALGOMA STEEL GROUP INC.                          | 015658107 | 06/24/2025     | "Say on Pay" Advisory Resolution The advisory resolution on the Company's approach to executive compensation as disclosed in the Company's management information circular dated May 1, 2025.                                                              | SECTION 14A SAY-ON-PAY VOTES |        2460372 |                0 | FOR         |                                  2460372 | FOR                         |  |
| ALGOMA STEEL GROUP INC.                          | 015658107 | 09/24/2024     | The advisory resolution on the Company's approach to executive compensation as disclosed in the Company's management information circular dated August 1, 2024.                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        2460372 |                0 | FOR         |                                  2460372 | FOR                         |  |
| ALVOTECH                                         | L01800108 | 06/25/2025     | Presentation of and advisory vote on the remuneration report for the board of directors of the Company.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         446470 |                0 | AGAINST     |                                   446470 | AGAINST                     |  |
| AMERICAN HEALTHCARE REIT, INC.                   | 398182303 | 11/07/2024     | To approve, on an advisory (non-binding) basis, the compensation paid to our named executive officers for the year ended December 31, 2023.                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         975980 |                0 | FOR         |                                   975980 | FOR                         |  |
| ARC RESOURCES LTD                                | 00208D408 | 05/02/2025     | A RESOLUTION TO APPROVE THE CORPORATION'S ADVISORY VOTE ON EXECUTIVE COMPENSATION                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        2181715 |                0 | FOR         |                                  2181715 | FOR                         |  |
| ARDENT HEALTH PARTNERS, INC.                     | 03980N107 | 05/21/2025     | Approval, on a non-binding advisory basis, of the compensation of our Named Executive Officers.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        1336434 |                0 | FOR         |                                  1336434 | FOR                         |  |
| ARDENT HEALTH PARTNERS, INC.                     | 03980N107 | 05/21/2025     | Approval, on a non-binding advisory basis, of the frequency of a non-binding stockholder advisory vote on the compensation of our Named Executive Officers.                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        1336434 |                0 | 1 YEAR      |                                  1336434 | FOR                         |  |
| BANK OZK                                         | 06417N103 | 05/05/2025     | To approve, on an advisory, non-binding basis, the compensation of the Company's named executive officers as disclosed in the Proxy Statement.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         477329 |                0 | FOR         |                                   477329 | FOR                         |  |
| BAUSCH + LOMB CORPORATION                        | 071705107 | 05/21/2025     | The approval, in an advisory vote, of the compensation of our Named Executive Officers.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        2229384 |                0 | AGAINST     |                                  2229384 | AGAINST                     |  |
| BAUSCH HEALTH COMPANIES, INC.                    | 071734107 | 05/13/2025     | The approval, in an advisory vote, of the compensation of our Named Executive Officers.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |       27516658 |            27098 | FOR         |                                 27206046 | FOR                         |  |
| BAWAG GROUP AG                                   | A0997C107 | 04/04/2025     | APPROVAL OF THE REMUNERATION REPORT 2024                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         473359 |                0 | FOR         |                                   449995 | FOR                         |  |
| BOYD GAMING CORPORATION                          | 103304101 | 05/08/2025     | Advisory vote on executive compensation.                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         302330 |              102 | FOR         |                                   302330 | FOR                         |  |
| BXP, INC.                                        | 101121101 | 05/20/2025     | To approve, by non-binding, advisory resolution, the Company's named executive officer compensation.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        1078192 |                0 | FOR         |                                  1078192 | FOR                         |  |
| ENDO, INC.                                       | 29290D117 | 06/13/2025     | The Combination-Related Compensation Proposal - To consider and vote on, on a non-binding, advisory basis, a proposal to approve compensation that will or may become payable by Endo to its named executive officers in connection with the Transactions. | SECTION 14A SAY-ON-PAY VOTES |       16799406 |                0 | FOR         |                                 16799406 | FOR                         |  |
| ENDO, INC.                                       | 29290D117 | 06/25/2025     | To approve, on an advisory basis, the compensation of our named executive officers (say-on-pay).                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |       16799406 |                0 | FOR         |                                 16799406 | FOR                         |  |
| ENDO, INC.                                       | 29290D117 | 06/25/2025     | To approve, on an advisory basis, the frequency of soliciting an advisory say-on-pay vote (say-on-frequency).                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       16799406 |                0 | 1 YEAR      |                                 16799406 | FOR                         |  |
| EVERCORE INC.                                    | 29977A105 | 06/11/2025     | To approve, on an advisory basis, the executive compensation of our Named Executive Officers.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         247780 |                0 | FOR         |                                   247780 | FOR                         |  |
| JPMORGAN LIQUIDITY FUNDS SICAV - USD TREASURY CN | L5780G536 | 04/25/2025     | APPROVE REMUNERATION OF DIRECTORS                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        5090872 |                0 | FOR         |                                  5090872 | FOR                         |  |
| MALLINCKRODT PLC                                 | G5890A102 | 05/15/2025     | Advisory non-binding vote to approve the Company's executive compensation.                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        3293123 |                0 | FOR         |                                  3293123 | FOR                         |  |
| MATADOR RESOURCES COMPANY                        | 576485205 | 06/12/2025     | Advisory vote to approve the compensation of the Company's named executive officers                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         492605 |                0 | FOR         |                                   492605 | FOR                         |  |
| MGM RESORTS INTERNATIONAL                        | 552953101 | 05/07/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        3759568 |              727 | FOR         |                                  3759568 | FOR                         |  |
| NATWEST GROUP PLC                                | G6422B147 | 04/23/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |       12688571 |                0 | FOR         |                                 12688571 | FOR                         |  |
| NMI HOLDINGS, INC.                               | 629209305 | 05/08/2025     | Advisory approval of NMI Holdings, Inc.'s executive compensation.                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        1334283 |                0 | FOR         |                                  1312691 | FOR                         |  |
| NMI HOLDINGS, INC.                               | 629209305 | 05/08/2025     | Advisory vote on whether the frequency of the stockholder vote on our executive compensation should be every 1, 2 or 3 years.                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        1334283 |                0 | 1 YEAR      |                                  1334283 | FOR                         |  |
| NORWEGIAN CRUISE LINE HOLDINGS LTD.              | G66721104 | 06/12/2025     | Approval, on a non-binding, advisory basis, of the compensation of our named executive officers                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        3195797 |                0 | FOR         |                                  3195797 | FOR                         |  |
| OKTA, INC.                                       | 679295105 | 06/24/2025     | To approve, on an advisory non-binding basis, the compensation of our named executive officers.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         335709 |                0 | FOR         |                                   335709 | FOR                         |  |
| OKTA, INC.                                       | 679295105 | 06/24/2025     | To approve, on an advisory non-binding basis, the frequency of future advisory non-binding votes to approve the compensation of our named executive officers.                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         335709 |                0 | 1 YEAR      |                                   335709 | FOR                         |  |
| OWENS CORNING                                    | 690742101 | 04/15/2025     | To approve, on an advisory basis, our named executive officer compensation.                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         574804 |                0 | FOR         |                                   574804 | FOR                         |  |
| PENNYMAC FINANCIAL SERVICES, INC                 | 70932M107 | 06/18/2025     | To approve, by non-binding vote, our executive compensation.                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         197473 |                0 | FOR         |                                   197473 | FOR                         |  |
| PLAINS ALL AMERICAN PIPELINE, L.P.               | 726503105 | 05/21/2025     | The approval, on a non-binding advisory basis, of our 2024 named executive officer compensation.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        2420386 |                0 | FOR         |                                  2420386 | FOR                         |  |
| PROSUS N.V.                                      | N7163R103 | 08/21/2024     | TO APPROVE THE DIRECTORS REMUNERATION REPORT (ADVISORY VOTE)                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        1810553 |                0 | AGAINST     |                                  1810553 | AGAINST                     |  |
| PROSUS N.V.                                      | N7163R103 | 08/21/2024     | TO APPROVE THE REMUNERATION OF THE NON-EXECUTIVE DIRECTORS                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        1810553 |                0 | FOR         |                                  1810553 | FOR                         |  |
| QUIDELORTHO CORPORATION                          | 219798105 | 05/20/2025     | Approval of, on an advisory basis, the compensation of QuidelOrtho's named executive officers.                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         565829 |                0 | FOR         |                                   565829 | FOR                         |  |
| SLM CORPORATION                                  | 78442P106 | 06/17/2025     | Advisory approval of SLM Corporation's executive compensation.                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        1420998 |                0 | FOR         |                                  1420998 | FOR                         |  |
| SOLOCAL GROUP                                    | F8569A222 | 06/05/2025     | APPROVAL OF THE COMPENSATION COMPONENTS PAID DURING THE FINANCIAL YEAR ENDED DECEMBER 31, 2024 OR AWARDED FOR THE SAME FISCAL YEAR TO MR. CEDRIC DUGARDIN, CHIEF EXECUTIVE OFFICER FOR THE PERIOD FROM JANUARY 1ST, 2024 TO JULY 31, 2024                  | SECTION 14A SAY-ON-PAY VOTES |         519759 |                0 | FOR         |                                   519759 | FOR                         |  |
| SOLOCAL GROUP                                    | F8569A222 | 06/05/2025     | APPROVAL OF THE COMPENSATION COMPONENTS PAID DURING THE FINANCIAL YEAR ENDED DECEMBER 31, 2024 OR AWARDED FOR THE SAME FISCAL YEAR TO MR. MAURICE LEVY, CHIEF EXECUTIVE OFFICER FOR THE PERIOD FROM JULY 31, 2024 TO DECEMBER 31, 2024                     | SECTION 14A SAY-ON-PAY VOTES |         519759 |                0 | FOR         |                                   519759 | FOR                         |  |
| SOLOCAL GROUP                                    | F8569A222 | 06/05/2025     | APPROVAL OF THE COMPENSATION PAID DURING THE FISCAL YEAR ENDED DECEMBER 31, 2024 OR AWARDED FOR THE SAME FISCAL YEAR TO MR. PHILIPPE MELLIER, CHAIRMAN OF THE BOARD OF DIRECTORS FOR THE PERIOD FROM JANUARY 1ST, 2024 TO JULY 31, 2024                    | SECTION 14A SAY-ON-PAY VOTES |         519759 |                0 | FOR         |                                   519759 | FOR                         |  |
| SOLOCAL GROUP                                    | F8569A222 | 06/05/2025     | APPROVAL OF THE INFORMATION RELATING TO THE COMPENSATION OF CORPORATE OFFICERS MENTIONED IN I OF ARTICLE L. 22-10-9 OF THE FRENCH COMMERCIAL CODE                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         519759 |                0 | FOR         |                                   519759 | FOR                         |  |
| SOLOCAL GROUP                                    | F8569A222 | 06/05/2025     | DETERMINATION OF THE ANNUAL AMOUNT OF THE COMPENSATION TO BE ALLOCATED TO THE MEMBERS OF THE BOARD OF DIRECTORS                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         519759 |                0 | FOR         |                                   519759 | FOR                         |  |
| TIDEWATER INC.                                   | 88642R109 | 06/05/2025     | Say on Pay Vote - An advisory vote to approve executive compensation as disclosed in the proxy statement.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         724648 |                0 | FOR         |                                   724648 | FOR                         |  |
| TIM SA                                           | P9153B104 | 03/27/2025     | TO RESOLVE ON THE COMPENSATION PROPOSAL FOR THE COMPANYS MANAGEMENT, MEMBERS OF COMMITTEES AND MEMBERS OF THE FISCAL COUNCIL OF THE COMPANY FOR THE 2025 FISCAL YEAR                                                                                       | SECTION 14A SAY-ON-PAY VOTES |       10000059 |                0 | AGAINST     |                                 10000059 | AGAINST                     |  |
| TIM SA                                           | 88706T108 | 03/27/2025     | TO RESOLVE ON THE COMPENSATION PROPOSAL FOR THE COMPANY'S MANAGEMENT, MEMBERS OF COMMITTEES AND MEMBERS OF THE FISCAL COUNCIL OF THE COMPANY FOR THE 2025 FISCAL YEAR                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         100000 |                0 | AGAINST     |                                   100000 | AGAINST                     |  |
| UBER TECHNOLOGIES, INC.                          | 90353T100 | 05/05/2025     | Advisory vote to approve 2024 named executive officer compensation.                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         505831 |                0 | FOR         |                                   505831 | FOR                         |  |
| UNICREDIT SPA                                    | T9T23L642 | 03/27/2025     | APPROVE SECOND SECTION OF THE REMUNERATION REPORT                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         405100 |                0 | AGAINST     |                                   405100 | AGAINST                     |  |
| UNITED PARKS  RESORTS INC.                       | 81282V100 | 06/13/2025     | Approval, in a non-binding advisory vote, of the compensation paid to the named executive officers.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        1440263 |                0 | FOR         |                                  1440263 | FOR                         |  |
| VICTORIA'S SECRET  CO.                           | 926400102 | 06/18/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        1386409 |                0 | FOR         |                                  1386409 | FOR                         |  |
| VODAFONE GROUP PLC                               | G93882192 | 07/30/2024     | TO APPROVE THE ANNUAL REPORT ON REMUNERATION CONTAINED IN THE REMUNERATION REPORT OF THE BOARD FOR THE YEAR ENDED 31 MARCH 2024                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |       44155953 |                0 | FOR         |                                 44155953 | FOR                         |  |
| VODAFONE GROUP PLC                               | 92857W308 | 07/30/2024     | To approve the Annual Report on Remuneration contained in the Remuneration Report of the Board for the year ended 31 March 2024.                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        3191294 |                0 | FOR         |                                  3191294 | FOR                         |  |
| WARNER BROS. DISCOVERY, INC.                     | 934423104 | 06/02/2025     | To vote on an advisory resolution to approve the 2024 compensation of Warner Bros. Discovery, Inc.'s named executive officers, commonly referred to as a "Say-on-Pay" vote.                                                                                | SECTION 14A SAY-ON-PAY VOTES |        3026752 |                0 | AGAINST     |                                  3026752 | AGAINST                     |  |

## N-PX: Signature Block

**Reporting Person:** GOLDENTREE ASSET MANAGEMENT LP

**By (Signature):** George Travers

**By (Printed Signature):** George Travers

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

**Date:** 08/26/2025