# EDGAR Filing Document

**Accession Number:** 0001873893
**File Stem:** 0001873893-25-000011
**Filing Date:** 2025-8
**Character Count:** 6635
**Document Hash:** 3568a479be4f8e249a1847b14ab00792
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001873893-25-000011.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001873893-25-000011

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 325 CAPITAL LLC
- **CENTRAL INDEX KEY:** 0001873893

**ORGANIZATION NAME:**
- **EIN:** 320588582
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22099
- **FILM NUMBER:** 251220495

**BUSINESS ADDRESS:**
- **STREET 1:** 757 THIRD AVENUE
- **STREET 2:** 20TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 212-376-5325

**MAIL ADDRESS:**
- **STREET 1:** 757 THIRD AVENUE
- **STREET 2:** 20TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

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

## N-PX: Filer Information

**Filer CIK:** 0001873893

**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:** 325 Capital LLC

**Address:** 757 Third Avenue, New York, NY 10017

**Telephone number:** 212-376-5325

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-22099

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Lifecore Biomedical, Inc.          | 514766104 | 08/15/2024     | To approve a non-binding advisory proposal on the executive compensation of the Company's named executive officers, as described in the Proxy Statement.          | SECTION 14A SAY-ON-PAY VOTES |      1.3406e+06  |                0 | FOR         |                              1.3406e+06  | FOR                         |  |
| Lifecore Biomedical, Inc.          | 514766104 | 08/15/2024     | To approve a non-binding advisory proposal on the frequency of future advisory votes to approve the Company's named executive officer compensation.               | SECTION 14A SAY-ON-PAY VOTES |      1.3406e+06  |                0 | ONE YEAR    |                              1.3406e+06  | FOR                         |  |
| Motorcar Parts of America, Inc.    | 620071100 | 09/05/2024     | To vote on an advisory (non-binding) proposal to approve the compensation of our named executive officers.                                                        | SECTION 14A SAY-ON-PAY VOTES |      1.40506e+06 |                0 | FOR         |                              1.40506e+06 | FOR                         |  |
| Lifecore Biomedical, Inc.          | 514766104 | 11/07/2024     | To approve a non-binding advisory proposal on the compensation of the Company's named executive officers, as described in the Proxy Statement.                    | SECTION 14A SAY-ON-PAY VOTES |      1.36978e+06 |                0 | FOR         |                              1.36978e+06 | FOR                         |  |
| Heartland Express, Inc.            | 422347104 | 05/08/2025     | Advisory, non-binding vote, on executive compensation.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      1.07992e+06 |                0 | FOR         |                              1.07992e+06 | FOR                         |  |
| American Public Education, Inc.    | 02913V103 | 05/23/2025     | to approve, by a non-binding advisory vote, the compensation paid to the Company's named executive officers; and                                                  | SECTION 14A SAY-ON-PAY VOTES |      2.27011e+06 |                0 | FOR         |                              2.27011e+06 | FOR                         |  |
| TransAct Technologies Incorporated | 892918103 | 05/29/2025     | Approval, on a non-binding, advisory basis, of the compensation of our named executive officers.                                                                  | SECTION 14A SAY-ON-PAY VOTES |      1.01169e+06 |                0 | FOR         |                              1.01169e+06 | FOR                         |  |
| TransAct Technologies Incorporated | 892918103 | 05/29/2025     | Non-binding, advisory vote on the frequency of future non-binding, advisory votes on the compensation of our named executive officers.                            | SECTION 14A SAY-ON-PAY VOTES |      1.01169e+06 |                0 | ONE YEAR    |                              1.01169e+06 | FOR                         |  |
| Astrana Health, Inc.               | 03763A207 | 06/11/2025     | To approve, on a non-binding advisory basis, the compensation program for the Company's named executive officers as disclosed in the Company's O proxy statement. | SECTION 14A SAY-ON-PAY VOTES | 886916           |                0 | FOR         |                         886916           | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** 325 Capital LLC

**By (Signature):** Michael Braner

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

**By (Title):** Managing Partner

**Date:** 08/14/2025