# EDGAR Filing Document

**Accession Number:** 0001386892
**File Stem:** 0001420506-25-002619
**Filing Date:** 2025-8
**Character Count:** 25578
**Document Hash:** 5b3e5e827e4caba57a66f79fc5d721db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-25-002619.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001420506-25-002619

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** APIS CAPITAL ADVISORS, LLC
- **CENTRAL INDEX KEY:** 0001386892

**ORGANIZATION NAME:**
- **EIN:** 200692626
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13123
- **FILM NUMBER:** 251278059

**BUSINESS ADDRESS:**
- **STREET 1:** 110 E 42ND STREET
- **STREET 2:** SUITE 1419
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** (203) 409-6307

**MAIL ADDRESS:**
- **STREET 1:** 110 E 42ND STREET
- **STREET 2:** SUITE 1419
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

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

## N-PX: Filer Information

**Filer CIK:** 0001386892

**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:** APIS CAPITAL ADVISORS, LLC

**Address:** 110 E 42ND STREET, NEW YORK, NY 10017

**Telephone number:** (203) 409-6307

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-13123

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** JYJMCKEVZ39RTK0RRY42

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| 89BIO, INC.                             | 282559103 | 5/28/2025      | Approval of, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         315000 |                0 | FOR         |                                   315000 | FOR                         |  |
| ADTRAN HOLDINGS, INC.                   | 00486H105 | 5/14/2025      | Non-binding advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         218263 |                0 | FOR         |                                   218263 | FOR                         |  |
| AEHR TEST SYSTEMS                       | 00760J108 | 10/21/2024     | To approve, on an advisory (non-binding) basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          53990 |                0 | FOR         |                                    53990 | FOR                         |  |
| CAPSTONE COPPER CORP.                   | 14071L108 | 5/2/2025       | Passing an advisory vote on the Company's approach to executive compensation, as more particularly described in the accompanying Information Circular.                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         908000 |                0 | FOR         |                                   908000 | FOR                         |  |
| CELESTICA INC.                          | 15101Q207 | 6/17/2025      | Advisory vote on the frequency of executive compensation advisory vote.                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          58000 |                0 | 1 Year      |                                    58000 | FOR                         |  |
| CELESTICA INC.                          | 15101Q207 | 6/17/2025      | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          58000 |                0 | FOR         |                                    58000 | FOR                         |  |
| CIENA CORPORATION                       | 171779309 | 3/27/2025      | Advisory vote on our named executive officer compensation, as described in the proxy materials.                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          23000 |                0 | FOR         |                                    23000 | FOR                         |  |
| CORECARD CORPORATION                    | 45816D100 | 5/29/2025      | Approval by a non-binding advisory vote of the compensation of our named executive officers                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         139000 |                0 | FOR         |                                   139000 | FOR                         |  |
| CSP INC.                                | 126389105 | 2/4/2025       | Advisory resolution to approve the compensation paid to the Company's named executive officers.                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          27779 |                0 | FOR         |                                    27779 | FOR                         |  |
| DELCATH SYSTEMS, INC.                   | 24661P807 | 5/15/2025      | To approve, on a non-binding advisory basis, the compensation of our named executive officers as disclosed in the accompanying proxy statement ("Proxy Statement").                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         175000 |                0 | FOR         |                                   175000 | FOR                         |  |
| GARRETT MOTION INC.                     | 366505105 | 5/22/2025      | The approval, on an advisory (non-binding) basis, of the frequency of future advisory votes on the compensation of our named executive officers.                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          35431 |                0 | 1 Year      |                                    35431 | FOR                         |  |
| GARRETT MOTION INC.                     | 366505105 | 5/22/2025      | The approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers as disclosed in the Proxy Statement.                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          35431 |                0 | FOR         |                                    35431 | FOR                         |  |
| GENERAC HOLDINGS INC.                   | 368736104 | 6/12/2025      | Advisory vote on the non-binding "say-on-pay" resolution to approve the compensation of our executive officers                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          68000 |                0 | FOR         |                                    68000 | FOR                         |  |
| HALLADOR ENERGY COMPANY                 | 40609P105 | 5/29/2025      | Approve, on an Advisory Basis, the Named Executive Officers' Compensation.                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        1044000 |                0 | FOR         |                                  1044000 | FOR                         |  |
| IES HOLDINGS, INC.                      | 44951W106 | 2/20/2025      | ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION.                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          22040 |                0 | FOR         |                                    22040 | FOR                         |  |
| IOVANCE BIOTHERAPEUTICS, INC.           | 462260100 | 6/10/2025      | To approve, by non-binding advisory vote, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        1098130 |                0 | FOR         |                                  1098130 | FOR                         |  |
| MAJOR DRILLING GROUP INTERNATIONAL INC. | 560909103 | 9/5/2024       | Considering an advisory resolution to accept the approach taken by the Board of Directors of the Corporation in respect of executive compensation.                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         978000 |                0 | FOR         |                                   978000 | FOR                         |  |
| MAMA'S CREATIONS, INC.                  | 56146T103 | 7/3/2024       | To hold an advisory vote on the frequency of future advisory votes to approve executive compensation.                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         448000 |                0 | 1 Year      |                                   448000 | FOR                         |  |
| MAMA'S CREATIONS, INC.                  | 56146T103 | 7/3/2024       | To hold an advisory vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         448000 |                0 | FOR         |                                   448000 | FOR                         |  |
| MDA SPACE LTD.                          | 55293N109 | 5/8/2025       | Advisory Vote on Executive Compensation (Say-On-Pay Vote) BE IT RESOLVED, on an advisory basis and not to diminish the role and responsibilities of the board of directors, that the shareholders accept the approach to executive compensation disclosed in the Company's information circular delivered in advance of the 2025 annual meeting of shareholders.                                | SECTION 14A SAY-ON-PAY VOTES |         301000 |                0 | FOR         |                                   301000 | FOR                         |  |
| NFI GROUP INC.                          | 62910L102 | 5/9/2025       | An advisory resolution on approach to executive compensation.                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         754000 |                0 | FOR         |                                   754000 | FOR                         |  |
| OCEANAGOLD CORPORATION                  | 675222103 | 6/4/2025       | Advisory Vote on the Approach to Executive Compensation To consider and, if thought advisable, approve a non-binding advisory resolution on the Company's approach to executive compensation, as more particularly described in the accompanying Management Information Circular (the "Circular").                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         706000 |                0 | FOR         |                                   706000 | FOR                         |  |
| PERMA-FIX ENVIRONMENTAL SERVICES, INC.  | 714157203 | 7/18/2024      | APPROVE, BY NON-BINDING VOTE, THE 2023 COMPENSATION OF THE NAMED EXECUTIVE OFFICERS                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          37600 |                0 | FOR         |                                    37600 | FOR                         |  |
| PROCEPT BIOROBOTICS CORPORATION         | 74276L105 | 6/10/2025      | Approval, on a non-binding advisory basis, of the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          44000 |                0 | FOR         |                                    44000 | FOR                         |  |
| RAMBUS INC.                             | 750917106 | 4/24/2025      | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          76000 |                0 | FOR         |                                    76000 | FOR                         |  |
| SCPHARMACEUTICALS INC.                  | 810648105 | 6/3/2025       | To approve, on an advisory (non-binding) basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         540838 |                0 | FOR         |                                   540838 | FOR                         |  |
| SKYWEST, INC.                           | 830879102 | 5/6/2025       | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          46700 |                0 | FOR         |                                    46700 | FOR                         |  |
| SOLID BIOSCIENCES INC.                  | 83422E204 | 6/12/2025      | The approval of an advisory vote on executive compensation.                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         139995 |                0 | FOR         |                                   139995 | FOR                         |  |
| TALEN ENERGY CORPORATION                | 87422Q109 | 5/7/2025       | To approve, on an advisory basis, the frequency of advisory vote on executive compensation.                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         111900 |                0 | 1 Year      |                                   111900 | FOR                         |  |
| TALEN ENERGY CORPORATION                | 87422Q109 | 5/7/2025       | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         111900 |                0 | FOR         |                                   111900 | FOR                         |  |
| THE GEO GROUP, INC.                     | 36162J106 | 4/29/2025      | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         677000 |                0 | FOR         |                                   677000 | FOR                         |  |
| TOAST, INC.                             | 888787108 | 6/13/2025      | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         144000 |                0 | FOR         |                                   144000 | FOR                         |  |
| TURNING POINT BRANDS, INC.              | 90041L105 | 5/6/2025       | To approve, on an advisory basis, named executive officer compensation.                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          44670 |                0 | FOR         |                                    44670 | FOR                         |  |
| VIEMED HEALTHCARE, INC.                 | 92663R105 | 6/5/2025       | Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation To approve, in a non-binding advisory vote, the frequency of holding future advisory votes on the compensation of the Corporation's named executive officers.                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         300000 |                0 | 1 Year      |                                   300000 | FOR                         |  |
| VIEMED HEALTHCARE, INC.                 | 92663R105 | 6/5/2025       | Advisory Vote on Executive Compensation To consider and, if thought appropriate, to pass an ordinary resolution (the text of which is disclosed in Section 10(v) of the Management Information and Proxy Circular) to ratify, confirm, and approve, in a non-binding advisory vote, the Say-on-Pay Resolution, as more particularly described in the Management Information and Proxy Circular. | SECTION 14A SAY-ON-PAY VOTES |         300000 |                0 | FOR         |                                   300000 | FOR                         |  |
| VIKING THERAPEUTICS INC                 | 92686J106 | 5/20/2025      | TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         112000 |                0 | FOR         |                                   112000 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** APIS CAPITAL ADVISORS, LLC

**By (Signature):** Richard Yun

**By (Printed Signature):** Richard Yun

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

**Date:** 08/28/2025