# EDGAR Filing Document

**Accession Number:** 0001828776
**File Stem:** 0001828776-25-000009
**Filing Date:** 2025-8
**Character Count:** 34057
**Document Hash:** 3b3e4d024fff5d6b8bfd9f92bd64715f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001828776-25-000009.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0001828776-25-000009

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250811

**EFFECTIVENESS DATE**: 20250811

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rhino Investment Partners, Inc
- **CENTRAL INDEX KEY:** 0001828776

**ORGANIZATION NAME:**
- **EIN:** 260132146
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20579
- **FILM NUMBER:** 251201685

**BUSINESS ADDRESS:**
- **STREET 1:** 1001 CONSHOHOCKEN STATE ROAD
- **STREET 2:** SUITE 405
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428
- **BUSINESS PHONE:** 6102342203

**MAIL ADDRESS:**
- **STREET 1:** 1001 CONSHOHOCKEN STATE ROAD
- **STREET 2:** SUITE 405
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** rhino investment partners, Inc
- **DATE OF NAME CHANGE:** 20201016

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

## N-PX: Filer Information

**Filer CIK:** 0001828776

**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:** rhino investment partners, Inc

**Address:** 1001 Conshohocken State Road, West Conshohocken, PA 19428

**Telephone number:** 6102342203

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-20579

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Macatawa Bank Corporation              | 554225102 | 07/31/2024     | Advisory approval of merger-related compensation.                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |   7592           |                0 | FOR         |                           7592           | FOR                         |  |
| Kearny Financial Corp.                 | 48716P108 | 10/17/2024     | Approval of an advisory, non-binding resolution to approve our executive compensation as described in the Proxy Statement.                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 151836           |                0 | FOR         |                         151836           | FOR                         |  |
| WaFd, Inc.                             | 938824109 | 02/11/2025     | ADVISORY VOTE ON THE COMPENSATION OF WAFD, INC.'S NAMED EXECUTIVE OFFICERS.                                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 305274           |                0 | FOR         |                         305274           | FOR                         |  |
| C Financial Corporation                | 12466Q104 | 04/15/2025     | To approve, in an advisory, non-binding vote, the compensation of the Corporation's named executive officers disclosed in the Proxy Statement.                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  25467           |                0 | FOR         |                          25467           | FOR                         |  |
| C Financial Corporation                | 12466Q104 | 04/15/2025     | To recommend, in an advisory, non-binding vote, the frequency of future advisory, non-binding votes to approve the compensation of the Corporation's named executive officers.                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  25467           |                0 | ONE YEAR    |                          25467           | FOR                         |  |
| Origin Bancorp, Inc.                   | 68621T102 | 04/23/2025     | Approve, on a non-binding advisory basis, the compensation of our named executive officers (the "Say-on-Pay Proposal.")                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 498214           |                0 | FOR         |                         498214           | FOR                         |  |
| The PNC Financial Services Group, Inc. | 693475105 | 04/23/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  23360           |                0 | FOR         |                          23360           | FOR                         |  |
| Citizens Financial Group, Inc.         | 174610105 | 04/24/2025     | Advisory Vote on Executive Compensation.                                                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 381475           |                0 | AGAINST     |                         381475           | AGAINST                     |  |
| KKR Real Estate Finance Trust Inc.     | 48251K100 | 04/25/2025     | Advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES | 246357           |                0 | FOR         |                         246357           | FOR                         |  |
| Associated Banc-Corp                   | 045487105 | 04/29/2025     | Advisory approval of Associated Banc-Corp's named executive officer compensation.                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 658488           |                0 | FOR         |                         658488           | FOR                         |  |
| Comerica Incorporated                  | 200340107 | 04/29/2025     | Approval of a Non-Binding, Advisory Proposal Approving Executive Compensation                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 181837           |                0 | FOR         |                         181837           | FOR                         |  |
| Truist Financial Corporation           | 89832Q109 | 04/29/2025     | Advisory vote to approve Truist's executive compensation program.                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 439308           |                0 | AGAINST     |                         439308           | AGAINST                     |  |
| Horizon Bancorp, Inc.                  | 440407104 | 05/01/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 401994           |                0 | FOR         |                         401994           | FOR                         |  |
| Amerant Bancorp Inc.                   | 023576101 | 05/07/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers - Say-on-Pay.                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 113724           |                0 | AGAINST     |                         113724           | AGAINST                     |  |
| Banc of California, Inc.               | 05990K106 | 05/07/2025     | Approval, on an advisory and non-binding basis, of the compensation paid to the Company's named executive officers, as disclosed in the Company's proxy statement for the Annual Meeting (Say-on-Pay).                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 339801           |                0 | FOR         |                         339801           | FOR                         |  |
| Banc of California, Inc.               | 05990K106 | 05/07/2025     | Approval, on an advisory and non-binding basis, of the frequency of future Say-on-Pay votes.                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 339801           |                0 | ONE YEAR    |                         339801           | FOR                         |  |
| F.N.B. Corporation                     | 302520101 | 05/07/2025     | Advisory approval of the 2024 named executive officer compensation.                                                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 951095           |                0 | FOR         |                         951095           | FOR                         |  |
| 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 | 605296           |                0 | FOR         |                         605296           | FOR                         |  |
| Alerus Financial Corporation           | 01446U103 | 05/08/2025     | Approve, on a non-binding advisory basis, the compensation paid to our named executive officers.                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 287226           |                0 | FOR         |                         287226           | FOR                         |  |
| Alerus Financial Corporation           | 01446U103 | 05/08/2025     | Approve, on a non-binding advisory basis, how often we will hold future advisory votes on the compensation paid to our named executive officers.                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 287226           |                0 | ONE YEAR    |                         287226           | FOR                         |  |
| Popular, Inc.                          | 733174700 | 05/08/2025     | Approve, on an advisory basis, the Corporation's executive compensation.                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 161938           |                0 | FOR         |                         161938           | FOR                         |  |
| HarborOne Bancorp, Inc.                | 41165Y100 | 05/13/2025     | A non-binding advisory resolution to approve the compensation of the Company's named executive officers; and                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 135605           |                0 | FOR         |                         135605           | FOR                         |  |
| National Bankshares, Inc.              | 634865109 | 05/13/2025     | Advisory (non-binding) vote to approve the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 115134           |                0 | FOR         |                         115134           | FOR                         |  |
| KeyCorp                                | 493267108 | 05/15/2025     | Advisory approval of executive compensation.                                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      1.47953e+06 |                0 | AGAINST     |                              1.47953e+06 | AGAINST                     |  |
| Southern First Bancshares, Inc.        | 842873101 | 05/20/2025     | To conduct an advisory vote on the compensation of our named executive officers as disclosed in this proxy statement (this is a non-binding, advisory vote).                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 237480           |                0 | FOR         |                         237480           | FOR                         |  |
| Southern First Bancshares, Inc.        | 842873101 | 05/20/2025     | To conduct an advisory vote on the frequency of votes on our executive compensation (this is a non-binding. advisory vote).                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 237480           |                0 | ONE YEAR    |                         237480           | FOR                         |  |
| Waterstone Financial, Inc.             | 94188P101 | 05/20/2025     | Approving an advisory, non-binding resolution to approve the executive compensation described in the Proxy Statement.                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 557222           |                0 | FOR         |                         557222           | FOR                         |  |
| First Community Corporation            | 319835104 | 05/21/2025     | To approve the compensation of our named executive officers as disclosed in the proxy statement (this is a non-binding, advisory vote) ("Say-on-Pay").                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 183373           |                0 | FOR         |                         183373           | FOR                         |  |
| First Community Corporation            | 319835104 | 05/21/2025     | To approve a non-binding resolution to determine whether shareholders should have a Say-on-Pay every one, two, or three years ("Say-on-Frequency").                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 183373           |                0 | ONE YEAR    |                         183373           | FOR                         |  |
| Investar Holding Corporation           | 46134L105 | 05/21/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 157151           |                0 | FOR         |                         157151           | FOR                         |  |
| RBB Bancorp                            | 74930B105 | 05/21/2025     | To approve, by a non-binding advisory vote, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 265503           |                0 | FOR         |                         265503           | FOR                         |  |
| United Security Bancshares             | 911460103 | 05/21/2025     | A non-binding advisory vote to approve the executive compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |  29767           |                0 | FOR         |                          29767           | FOR                         |  |
| Heritage Commerce Corp                 | 426927109 | 05/22/2025     | Advisory proposal on 2024 executive compensation.                                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 548507           |                0 | FOR         |                         548507           | FOR                         |  |
| Hope Bancorp, Inc.                     | 43940T109 | 05/22/2025     | To provide an advisory vote for approval of the 2024 compensation paid to our Named Executive Officers, as disclosed in this Proxy Statement.                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 992510           |                0 | FOR         |                         992510           | FOR                         |  |
| Financial Institutions, Inc.           | 317585404 | 05/28/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 271943           |                0 | FOR         |                         271943           | FOR                         |  |
| Hanmi Financial Corporation            | 410495204 | 05/28/2025     | To provide a non-binding advisory vote to approve the compensation of our Named Executive Officers ("Say-on-Pay" vote).                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 626189           |                0 | FOR         |                         626189           | FOR                         |  |
| PCB Bancorp                            | 69320M109 | 05/28/2025     | Advisory Vote on Executive Compensation. To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 566915           |                0 | FOR         |                         566915           | FOR                         |  |
| FVCBankcorp, Inc.                      | 36120Q101 | 05/29/2025     | To Approve the following (non-binding) resolution:  Resolved, that the shareholders of FVCBankcorp, Inc., approve the compensation of the named executive officers as disclosed in the proxy statement pursuant to the rules of the Securities and Exchange Commission.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 195926           |                0 | AGAINST     |                         195926           | AGAINST                     |  |
| Hawthorn Bancshares, Inc.              | 420476103 | 06/03/2025     | Proposal to provide advisory approval of the compensation of the Company's executives disclosed in the Proxy Statement.                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  26276           |                0 | FOR         |                          26276           | FOR                         |  |
| LendingClub Corporation                | 52603A208 | 06/03/2025     | Approve, on a non-binding advisory basis, the compensation of our named executive officers as disclosed in the Proxy Statement.                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 467380           |                0 | FOR         |                         467380           | FOR                         |  |
| Arrow Financial Corporation            | 042744102 | 06/04/2025     | To approve, on an advisory basis, a resolution relating to the 2024 executive compensation ("Say-on-Pay").                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 167953           |                0 | FOR         |                         167953           | FOR                         |  |
| CF Bankshares Inc.                     | 12520L109 | 06/04/2025     | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 144301           |                0 | FOR         |                         144301           | FOR                         |  |
| CF Bankshares Inc.                     | 12520L109 | 06/04/2025     | Advisory vote on the frequency of future advisory votes on the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 144301           |                0 | ONE YEAR    |                         144301           | FOR                         |  |
| First Western Financial, Inc.          | 33751L105 | 06/04/2025     | Advisory, non-binding vote to approve the compensation paid to the Company's named executive officers.                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 220713           |                0 | FOR         |                         220713           | FOR                         |  |
| Western Alliance Bancorporation        | 957638109 | 06/11/2025     | To approve, on an advisory (non-binding) basis, the compensation of executives.                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |  99392           |                0 | FOR         |                          99392           | FOR                         |  |
| OP Bancorp                             | 67109R109 | 06/26/2025     | To approve, on an advisory basis, the Company's executive compensation for the fiscal year ended December 31, 2024.                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 100686           |                0 | FOR         |                         100686           | FOR                         |  |
| OP Bancorp                             | 67109R109 | 06/26/2025     | To recommend, on an advisory basis, the frequency with which the Company solicits shareholder approval of its executive compensation.                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 100686           |                0 | ONE YEAR    |                         100686           | FOR                         |  |
| Primis Financial Corp.                 | 74167B109 | 06/26/2025     | ADVISORY VOTE ON EXECUTIVE COMPENSATION. To conduct an advisory (non-binding) vote to approve the compensation of the Company's named executive officers; and                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 606929           |                0 | FOR         |                         606929           | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** rhino investment partners, Inc

**By (Signature):** Jay Esche

**By (Printed Signature):** Jay Esche

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

**Date:** 08/11/2025