# EDGAR Filing Document

**Accession Number:** 0001320168
**File Stem:** 0001104659-25-086459
**Filing Date:** 2025-9
**Character Count:** 37970
**Document Hash:** 0c59b1645094538ad6f161e4d518b39a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-086459.hdr.sgml**: 20250902

**ACCESSION NUMBER**: 0001104659-25-086459

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250902

**EFFECTIVENESS DATE**: 20250902

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN CAPITAL MANAGEMENT INC
- **CENTRAL INDEX KEY:** 0001320168

**ORGANIZATION NAME:**
- **EIN:** 133008848
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11313
- **FILM NUMBER:** 251286579

**BUSINESS ADDRESS:**
- **STREET 1:** 575 LEXINGTON AVENUE
- **STREET 2:** 30TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 212-344-3300

**MAIL ADDRESS:**
- **STREET 1:** 575 LEXINGTON AVENUE
- **STREET 2:** 30TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

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

## N-PX: Filer Information

**Filer CIK:** 0001320168

**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:** AMERICAN CAPITAL MANAGEMENT INC

**Address:** 575 LEXINGTON AVENUE, NEW YORK, NY 10022

**Telephone number:** 212-344-3300

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-11313

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| ACI WORLDWIDE, INC.                    | 004498101 | 06/03/2025     | To conduct an advisory vote to approve named executive officer compensation.                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |            390 |                0 | FOR         |                                      390 | FOR                         |  |
| AEROVIRONMENT, INC.                    | 008073108 | 09/27/2024     | Non-binding advisory vote on the compensation of the company's Named Executive Officers.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         622689 |                0 | FOR         |                                   630698 | FOR                         |  |
| AGILYSYS, INC.                         | 00847J105 | 09/12/2024     | Approval, on a non-binding advisory basis, of the compensation of the Company's named executive officers set forth in the attached Proxy Statement.                                                                                           | SECTION 14A SAY-ON-PAY VOTES |            176 |                0 | FOR         |                                      176 | FOR                         |  |
| ALARM.COM HOLDINGS, INC.               | 011642105 | 06/04/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers as disclosed in the Proxy Statement.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           5643 |                0 | FOR         |                                     5734 | FOR                         |  |
| ALTAIR ENGINEERING INC.                | 021369103 | 01/22/2025     | To approve on an advisory (non-binding) basis the compensation that may be paid or become payable to Altair's named executive officers that is based on or otherwise relates to the merger.                                                   | SECTION 14A SAY-ON-PAY VOTES |            430 |                0 | FOR         |                                      430 | FOR                         |  |
| AMAZON.COM, INC.                       | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |             30 |                0 | FOR         |                                       30 | FOR                         |  |
| ANSYS, INC.                            | 03662Q105 | 06/27/2025     | Advisory Approval of the Compensation of Our Named Executive Officers                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          12982 |                0 | FOR         |                                    12982 | FOR                         |  |
| APPFOLIO, INC.                         | 03783C100 | 06/13/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |            246 |                0 | FOR         |                                      246 | FOR                         |  |
| APPFOLIO, INC.                         | 03783C100 | 06/13/2025     | Advisory vote on the frequency of future stockholder advisory votes to approve the compensation of our named executive officers.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |            246 |                0 | 1 YEAR      |                                      246 | FOR                         |  |
| ASPEN TECHNOLOGY, INC.                 | 29109X106 | 12/17/2024     | Approve, on an advisory basis, the compensation of our named executive officers as identified in the Proxy Statement for the 2024 Annual Meeting of Stockholders.                                                                             | SECTION 14A SAY-ON-PAY VOTES |          76292 |                0 | FOR         |                                    76721 | FOR                         |  |
| AZENTA, INC.                           | 114340102 | 01/30/2025     | To approve by a non-binding advisory vote the compensation of the Company's named executive officers.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         290746 |                0 | FOR         |                                   291652 | FOR                         |  |
| BADGER METER, INC.                     | 056525108 | 04/25/2025     | ADVISORY VOTE TO APPROVE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |            149 |                0 | FOR         |                                      149 | FOR                         |  |
| BIO-TECHNE CORP                        | 09073M104 | 10/24/2024     | Approve, on an advisory basis, the compensation of our executive officers.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         546327 |                0 | FOR         |                                   554843 | FOR                         |  |
| BLACKBAUD, INC.                        | 09227Q100 | 06/11/2025     | ADVISORY VOTE TO APPROVE THE 2024 COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         112521 |                0 | FOR         |                                   112521 | FOR                         |  |
| CAREDX, INC.                           | 14167L103 | 06/12/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |            883 |                0 | FOR         |                                      883 | FOR                         |  |
| CERENCE INC.                           | 156727109 | 02/13/2025     | Approval, on a non-binding, advisory basis, of the compensation of the Company's named executive officers, as disclosed in the proxy statement.                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        1590073 |                0 | FOR         |                                  1594400 | FOR                         |  |
| CERTARA, INC.                          | 15687V109 | 05/21/2025     | A non-binding advisory vote to approve the compensation of our named executive officers for the most recently completed fiscal year.                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |           5000 |                0 | FOR         |                                     5000 | FOR                         |  |
| CHARLES RIVER LABORATORIES INTL., INC. | 159864107 | 05/20/2025     | Advisory Approval of 2024 Executive Officer Compensation                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |            600 |                0 | FOR         |                                      600 | FOR                         |  |
| COGNEX CORPORATION                     | 192422103 | 04/30/2025     | To approve, on an advisory basis, the compensation of Cognex's named executive officers, as described in the proxy statement including the Compensation Discussion and Analysis, compensation tables and narrative discussion ("say-on-pay"). | SECTION 14A SAY-ON-PAY VOTES |         626725 |                0 | FOR         |                                   626725 | FOR                         |  |
| COMMVAULT SYSTEMS, INC.                | 204166102 | 08/08/2024     | To approve, on an advisory basis, Commvault's executive compensation.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         388793 |                0 | FOR         |                                   396921 | FOR                         |  |
| COSTAR GROUP, INC.                     | 22160N109 | 06/26/2025     | Proposal to approve, on an advisory basis, the Company's executive compensation.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         419951 |                0 | FOR         |                                   419951 | FOR                         |  |
| DEXCOM, INC.                           | 252131107 | 05/08/2025     | To provide a non-binding advisory vote on the compensation of our named executive officers for the fiscal year ended December 31, 2024.                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         151495 |                0 | FOR         |                                   151507 | FOR                         |  |
| DIGITALOCEAN HOLDINGS, INC.            | 25402D102 | 06/09/2025     | Approval, on a non-binding advisory basis, of the compensation of our named executive officers.                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |            757 |                0 | FOR         |                                      757 | FOR                         |  |
| DORMAN PRODUCTS, INC.                  | 258278100 | 05/16/2025     | Advisory approval of the compensation of the Company's named executive officers.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |            310 |                0 | FOR         |                                      310 | FOR                         |  |
| DOUBLEVERIFY HOLDINGS, INC.            | 25862V105 | 05/21/2025     | Non-binding advisory vote on the compensation of our named executive officers.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |           1634 |                0 | FOR         |                                     1634 | FOR                         |  |
| ENVESTNET, INC.                        | 29404K106 | 09/24/2024     | To approve, on a non-binding advisory basis, the compensation that will or may become payable by Envestnet to its named executive officers in connection with the Merger.                                                                     | SECTION 14A SAY-ON-PAY VOTES |            639 |                0 | FOR         |                                      639 | FOR                         |  |
| EXACT SCIENCES CORPORATION             | 30063P105 | 06/12/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |            130 |                0 | FOR         |                                      130 | FOR                         |  |
| FACTSET RESEARCH SYSTEMS INC.          | 303075105 | 12/19/2024     | To vote on a non-binding advisory resolution to approve the compensation of our named executive officers.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          58048 |                0 | FOR         |                                    58281 | FOR                         |  |
| FORTINET, INC.                         | 34959E109 | 06/13/2025     | Advisory vote to approve named executive officer compensation, as disclosed in the Proxy Statement.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         386420 |                0 | FOR         |                                   386420 | FOR                         |  |
| GENTEX CORPORATION                     | 371901109 | 05/15/2025     | To approve, on an advisory basis, compensation of the Company's named executive officers.                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        1154421 |                0 | FOR         |                                  1247937 | FOR                         |  |
| GLOBUS MEDICAL, INC.                   | 379577208 | 06/04/2025     | To approve, in an advisory vote, the compensation of the Company's named executive officers (the Say-on-Pay Vote).                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         151801 |                0 | FOR         |                                   151801 | FOR                         |  |
| GLOBUS MEDICAL, INC.                   | 379577208 | 06/04/2025     | To approve, in an advisory vote, the frequency of the approval, on an advisory basis, of the compensation of our named executive officers (the Frequency Vote).                                                                               | SECTION 14A SAY-ON-PAY VOTES |         151801 |                0 | 1 YEAR      |                                   151801 | FOR                         |  |
| GUIDEWIRE SOFTWARE, INC.               | 40171V100 | 12/17/2024     | To conduct a non-binding, advisory vote to approve the compensation of our named executive officers.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         154408 |                0 | FOR         |                                   154958 | FOR                         |  |
| HAEMONETICS CORPORATION                | 405024100 | 07/25/2024     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          16500 |                0 | FOR         |                                    16500 | FOR                         |  |
| IDEXX LABORATORIES, INC.               | 45168D104 | 05/07/2025     | Advisory Vote on Executive Compensation. To approve a nonbinding advisory resolution on the Company's executive compensation (Proposal Three).                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          77788 |                0 | FOR         |                                    77791 | FOR                         |  |
| INSPIRE MEDICAL SYSTEMS, INC.          | 457730109 | 05/01/2025     | Approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |             85 |                0 | FOR         |                                       85 | FOR                         |  |
| INSULET CORPORATION                    | 45784P101 | 05/22/2025     | To approve, on a non-binding, advisory basis, the compensation of certain executive officers.                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |            205 |                0 | FOR         |                                      205 | FOR                         |  |
| IRHYTHM TECHNOLOGIES, INC.             | 450056106 | 05/28/2025     | To approve, on a non-binding advisory basis, the named executive officer compensation.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |            132 |                0 | FOR         |                                      132 | FOR                         |  |
| JACK HENRY  ASSOCIATES, INC.           | 426281101 | 11/12/2024     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         244456 |                0 | FOR         |                                   247897 | FOR                         |  |
| KRATOS DEFENSE  SEC SOLUTIONS, INC.    | 50077B207 | 05/14/2025     | An advisory vote to approve the compensation of the Company's named executive officers, as presented in the proxy statement.                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        1290236 |                0 | FOR         |                                  1290614 | FOR                         |  |
| LIVERAMP HOLDINGS, INC.                | 53815P108 | 08/13/2024     | Advisory (non-binding) vote to approve the compensation of the Company's named executive officers.                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         856641 |                0 | FOR         |                                   871724 | FOR                         |  |
| MANHATTAN ASSOCIATES, INC.             | 562750109 | 05/13/2025     | Non-binding resolution to approve the compensation of the Company's named executive officers.                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         151920 |                0 | FOR         |                                   185629 | FOR                         |  |
| MEDPACE HOLDINGS, INC.                 | 58506Q109 | 05/16/2025     | To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the proxy statement for the 2025 Annual Meeting.                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         132103 |                0 | FOR         |                                   132154 | FOR                         |  |
| MERIT MEDICAL SYSTEMS, INC.            | 589889104 | 05/14/2025     | Approval of a non-binding, advisory resolution approving the compensation of the Company's named executive officers as described in the Merit Medical Systems, Inc. Proxy Statement.                                                          | SECTION 14A SAY-ON-PAY VOTES |            793 |                0 | FOR         |                                      793 | FOR                         |  |
| MONOLITHIC POWER SYSTEMS, INC.         | 609839105 | 06/12/2025     | Approve, on an advisory basis, the 2024 executive compensation.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |           1095 |                0 | FOR         |                                     1095 | FOR                         |  |
| MORNINGSTAR, INC.                      | 617700109 | 05/09/2025     | Advisory vote to approve executive compensation of the Company's named executive officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          82064 |                0 | FOR         |                                    82064 | FOR                         |  |
| NCINO, INC.                            | 63947X101 | 06/18/2025     | Approval, on a non-binding, advisory basis, of the compensation paid to the company's named executive officers (or NEOs).                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         944407 |                0 | FOR         |                                   944407 | FOR                         |  |
| NEOGEN CORPORATION                     | 640491106 | 10/24/2024     | To Approve, On An Advisory Basis, The Compensation of Named Executive Officers.                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        1450634 |                0 | FOR         |                                  1468488 | FOR                         |  |
| NEOGENOMICS, INC.                      | 64049M209 | 05/22/2025     | Approval, on a non-binding advisory basis, of the Compensation Paid to the Company's Named Executive Officers.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          20391 |                0 | FOR         |                                    20391 | FOR                         |  |
| NEOGENOMICS, INC.                      | 64049M209 | 05/22/2025     | Recommend, on a non-binding advisory basis, the Frequency of Future Advisory Votes on Executive Compensation.                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          20391 |                0 | 1 YEAR      |                                    20391 | FOR                         |  |
| O'REILLY AUTOMOTIVE, INC.              | 67103H107 | 05/15/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |            600 |                0 | FOR         |                                      600 | FOR                         |  |
| PAYCHEX, INC.                          | 704326107 | 10/10/2024     | ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION.                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |            225 |                0 | FOR         |                                      225 | FOR                         |  |
| PAYCOM SOFTWARE, INC.                  | 70432V102 | 05/05/2025     | Advisory approval of the compensation of the Company's named executive officers.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          98963 |                0 | FOR         |                                    98963 | FOR                         |  |
| PROTO LABS, INC.                       | 743713109 | 05/20/2025     | Advisory vote on executive compensation.                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |            565 |                0 | FOR         |                                      565 | FOR                         |  |
| Q2 HOLDINGS INC                        | 74736L109 | 06/03/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |            489 |                0 | FOR         |                                      489 | FOR                         |  |
| QUALYS, INC.                           | 74758T303 | 06/11/2025     | To approve, on an advisory and non-binding basis, the compensation of Qualys, Inc.'s named executive officers as described in the Proxy Statement.                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         235103 |                0 | FOR         |                                   235103 | FOR                         |  |
| RBC BEARINGS INCORPORATED              | 75524B104 | 09/05/2024     | To consider a resolution regarding the stockholder advisory vote on named executive officer compensation.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          45420 |                0 | FOR         |                                    48376 | FOR                         |  |
| REPLIGEN CORPORATION                   | 759916109 | 05/15/2025     | Advisory vote to approve the compensation paid to Repligen Corporation's named executive officers.                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         173381 |                0 | FOR         |                                   173438 | FOR                         |  |
| RESMED INC.                            | 761152107 | 11/20/2024     | Approve, on an advisory basis, the compensation paid to our named executive officers, as disclosed in the proxy statement ("say-on-pay").                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         213261 |                0 | FOR         |                                   216197 | FOR                         |  |
| SEI INVESTMENTS COMPANY                | 784117103 | 05/28/2025     | To approve, on an advisory basis, the compensation of named executive officers.                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         211209 |                0 | FOR         |                                   211209 | FOR                         |  |
| SPS COMMERCE, INC.                     | 78463M107 | 05/13/2025     | Advisory approval of the compensation of the named executive officers of SPS Commerce, Inc.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          92466 |                0 | FOR         |                                    92545 | FOR                         |  |
| SPS COMMERCE, INC.                     | 78463M107 | 05/13/2025     | Advisory vote regarding the frequency of holding future say-on-pay votes.                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          92466 |                0 | 1 YEAR      |                                    92545 | FOR                         |  |
| STAAR SURGICAL COMPANY                 | 852312305 | 06/18/2025     | Non-binding advisory vote to approve the compensation of our named executive officers.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         575557 |                0 | FOR         |                                   575557 | FOR                         |  |
| TENABLE HOLDINGS, INC.                 | 88025T102 | 05/14/2025     | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers as disclosed in the proxy statement.                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |            438 |                0 | FOR         |                                      438 | FOR                         |  |
| THE DESCARTES SYSTEMS GROUP INC.       | 249906108 | 06/12/2025     | Approval of the Say-on-Pay Resolution as set out under the heading "Advisory Vote on Executive Compensation (Say-on-Pay Vote)" of the Corporation's Management Information Circular dated April 30, 2025.                                     | SECTION 14A SAY-ON-PAY VOTES |           2473 |                0 | FOR         |                                     2473 | FOR                         |  |
| TRADEWEB MARKETS INC.                  | 892672106 | 05/20/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          83912 |                0 | FOR         |                                    84032 | FOR                         |  |
| TREX COMPANY, INC.                     | 89531P105 | 05/06/2025     | Non-binding advisory vote on executive compensation ("say-on- pay")                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         155915 |                0 | FOR         |                                   155915 | FOR                         |  |
| TYLER TECHNOLOGIES, INC.               | 902252105 | 05/06/2025     | Advisory Approval of Our Executive Compensation.                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |           1686 |                0 | FOR         |                                     1688 | FOR                         |  |
| VARONIS SYSTEMS, INC.                  | 922280102 | 06/05/2025     | To approve, on a non-binding, advisory basis, the executive compensation of our named executive officers.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         634958 |                0 | FOR         |                                   635133 | FOR                         |  |
| VERICEL CORPORATION                    | 92346J108 | 04/30/2025     | To approve, on an advisory basis, the compensation of Vericel Corporation's named executive officers.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |            568 |                0 | FOR         |                                      568 | FOR                         |  |
| VERINT SYSTEMS INC.                    | 92343X100 | 07/10/2024     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         885683 |                0 | FOR         |                                   885683 | FOR                         |  |
| VERINT SYSTEMS INC.                    | 92343X100 | 06/19/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          12550 |                0 | FOR         |                                    12550 | FOR                         |  |
| VSE CORPORATION                        | 918284100 | 05/08/2025     | Approval, on a non-binding advisory basis, of VSE's named executive officer compensation.                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |            403 |                0 | FOR         |                                      403 | FOR                         |  |
| ZEBRA TECHNOLOGIES CORPORATION         | 989207105 | 05/08/2025     | Advisory vote to approve Named Executive Officers' compensation ("Say-on-Pay").                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |            900 |                0 | FOR         |                                     3300 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** AMERICAN CAPITAL MANAGEMENT INC

**By (Signature):** Michael Meagher

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

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

**Date:** 09/02/2025