# EDGAR Filing Document

**Accession Number:** 0001426763
**File Stem:** 0001104659-25-082192
**Filing Date:** 2025-8
**Character Count:** 19532
**Document Hash:** 1bd3ffbd31a43ad3be4f940bf6f27391
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-082192.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001104659-25-082192

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**EFFECTIVENESS DATE**: 20250825

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cincinnati Specialty Underwriters Insurance CO
- **CENTRAL INDEX KEY:** 0001426763

**ORGANIZATION NAME:**
- **EIN:** 651316588
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12741
- **FILM NUMBER:** 251248163

**BUSINESS ADDRESS:**
- **STREET 1:** 6200 SOUTH GILMORE ROAD
- **CITY:** FAIRFIELD
- **STATE:** OH
- **ZIP:** 45014
- **BUSINESS PHONE:** (513) 870-2000

**MAIL ADDRESS:**
- **STREET 1:** 6200 SOUTH GILMORE ROAD
- **CITY:** FAIRFIELD
- **STATE:** OH
- **ZIP:** 45014

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

## N-PX: Filer Information

**Filer CIK:** 0001426763

**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:** Cincinnati Specialty Underwriters Insurance CO

**Address:** 6200 South Gilmore Road, Fairfield, OH 45014

**Telephone number:** 513-870-2000

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-12741

**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:** 1

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| 3M Company                        | 88579Y101 | 05/13/2025     | Advisory approval of executive compensation.                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          40100 |                0 | FOR         |                                    40100 | FOR                         |  |
| Abbott Laboratories               | 002824100 | 04/25/2025     | Say on Pay - An Advisory Vote on the Approval of Executive Compensation                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          27200 |                0 | FOR         |                                    27200 | FOR                         |  |
| AbbVie Inc.                       | 00287Y109 | 05/09/2025     | Say on Pay - An advisory vote on the approval of executive compensation                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          27200 |                0 | FOR         |                                    27200 | FOR                         |  |
| Accenture plc                     | G1151C101 | 02/06/2025     | To approve, in a non-binding vote, the compensation of our named executive officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          25000 |                0 | FOR         |                                    25000 | FOR                         |  |
| Agree Realty Corporation          | 008492100 | 05/15/2025     | To approve, by non-binding vote, executive compensation.                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          16500 |                0 | FOR         |                                    16500 | FOR                         |  |
| Air Products and Chemicals, Inc.  | 009158106 | 01/23/2025     | Advisory Vote Approving the Compensation of the Company's Executive Officers.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          13000 |                0 | FOR         |                                    13000 | FOR                         |  |
| American Tower Corporation        | 03027X100 | 05/14/2025     | To approve, on an advisory basis, the Company's executive compensation.                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          30000 |                0 | FOR         |                                    30000 | FOR                         |  |
| Analog Devices, Inc.              | 032654105 | 03/12/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          37300 |                0 | FOR         |                                    37300 | FOR                         |  |
| Apple Inc.                        | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         308000 |                0 | FOR         |                                   308000 | FOR                         |  |
| Automatic Data Processing, Inc.   | 053015103 | 11/06/2024     | Advisory Vote on Executive Compensation.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          47000 |                0 | FOR         |                                    47000 | FOR                         |  |
| Broadcom Inc.                     | 11135F101 | 04/21/2025     | Advisory vote to approve the named executive officer compensation.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         389500 |                0 | FOR         |                                   389500 | FOR                         |  |
| Chubb Limited                     | H1467J104 | 05/15/2025     | Advisory vote to approve executive compensation under U.S. securities law requirements                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          18426 |                0 | FOR         |                                    18426 | FOR                         |  |
| Cisco Systems, Inc.               | 17275R102 | 12/09/2024     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          89500 |                0 | FOR         |                                    89500 | FOR                         |  |
| Comcast Corporation               | 20030N101 | 06/18/2025     | Advisory vote on executive compensation                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          50000 |                0 | FOR         |                                    50000 | FOR                         |  |
| Enbridge Inc.                     | 29250N105 | 05/07/2025     | Advisory Vote on Executive Compensation Approach                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         443664 |                0 | FOR         |                                   443664 | FOR                         |  |
| Hasbro, Inc.                      | 418056107 | 05/21/2025     | Advisory Vote to Approve the Compensation of Hasbro's Named Executive Officers                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          30000 |                0 | FOR         |                                    30000 | FOR                         |  |
| JPMorgan Chase  Co.               | 46625H100 | 05/20/2025     | Advisory resolution to approve executive compensation                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          46500 |                0 | FOR         |                                    46500 | FOR                         |  |
| Lam Research Corporation          | 512807108 | 11/05/2024     | Advisory vote to approve the compensation of the named executive officers of Lam Research, or "Say on Pay."                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           2783 |                0 | FOR         |                                     2783 | FOR                         |  |
| LyondellBasell Industries N.V.    | N53745100 | 05/23/2025     | Advisory Vote Approving Executive Compensation (Say-on-Pay)                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          12333 |                0 | FOR         |                                    12333 | FOR                         |  |
| McDonald's Corporation            | 580135101 | 05/20/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          11500 |                0 | FOR         |                                    11500 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote")                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          60000 |                0 | FOR         |                                    60000 | FOR                         |  |
| Mondelez International, Inc.      | 609207105 | 05/21/2025     | Advisory vote to approve executive compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          55000 |                0 | FOR         |                                    55000 | FOR                         |  |
| NextEra Energy, Inc.              | 65339F101 | 05/22/2025     | Approval, by non-binding advisory vote, of NextEra Energy's compensation of its named executive officers as disclosed in the proxy statement.                                                                         | SECTION 14A SAY-ON-PAY VOTES |          50000 |                0 | FOR         |                                    50000 | FOR                         |  |
| PepsiCo, Inc.                     | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           7000 |                0 | FOR         |                                     7000 | FOR                         |  |
| Pinnacle West Capital Corporation | 723484101 | 05/21/2025     | To hold an advisory vote to approve executive compensation.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           9720 |                0 | FOR         |                                     9720 | FOR                         |  |
| Prologis, Inc.                    | 74340W103 | 05/08/2025     | Advisory Vote to Approve the Company's Executive Compensation for 2024.                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          12000 |                0 | FOR         |                                    12000 | FOR                         |  |
| Regions Financial Corporation     | 7591EP100 | 04/16/2025     | Advisory Vote to Approve Regions' Executive Compensation.                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          88733 |                0 | FOR         |                                    88733 | FOR                         |  |
| RPM International Inc.            | 749685103 | 10/03/2024     | Approve the Company's executive compensation.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          80000 |                0 | FOR         |                                    80000 | FOR                         |  |
| RTX Corporation                   | 75513E101 | 05/01/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          26000 |                0 | FOR         |                                    26000 | FOR                         |  |
| Snap-on Incorporated              | 833034101 | 04/24/2025     | Advisory vote to approve the compensation of Snap-on Incorporated's named executive officers, as disclosed in 'Compensation Discussion and Analysis' and 'Executive Compensation Information' in the Proxy Statement. | SECTION 14A SAY-ON-PAY VOTES |          13500 |                0 | FOR         |                                    13500 | FOR                         |  |
| The Home Depot, Inc.              | 437076102 | 05/22/2025     | Advisory Vote to Approve Executive Compensation ("Say-on-Pay")                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          32000 |                0 | FOR         |                                    32000 | FOR                         |  |
| The TJX Companies, Inc.           | 872540109 | 06/10/2025     | Advisory approval of TJX's executive compensation (the say-on-pay vote)                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          37000 |                0 | FOR         |                                    37000 | FOR                         |  |
| U.S. Bancorp                      | 902973304 | 04/15/2025     | An advisory vote to approve the compensation of our executives disclosed in the proxy statement.                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          78500 |                0 | FOR         |                                    78500 | FOR                         |  |
| Valero Energy Corporation         | 91913Y100 | 05/06/2025     | Advisory vote to approve the 2024 compensation of named executive officers.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          44133 |                0 | FOR         |                                    44133 | FOR                         |  |
| Verizon Communications Inc.       | 92343V104 | 05/22/2025     | Advisory vote to approve executive compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          30000 |                0 | FOR         |                                    30000 | FOR                         |  |
| WEC Energy Group, Inc.            | 92939U106 | 05/08/2025     | Advisory vote to approve executive compensation of the named executive officers                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          95000 |                0 | FOR         |                                    95000 | 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 |          11895 |                0 | FOR         |                                    11895 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Cincinnati Specialty Underwriters Insurance CO

**By (Signature):** /s/ Steven A. Soloria

**By (Printed Signature):** /s/ Steven A. Soloria

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

**Date:** 08/20/2025