# EDGAR Filing Document

**Accession Number:** 0001397076
**File Stem:** 0001104659-25-085141
**Filing Date:** 2025-8
**Character Count:** 11320
**Document Hash:** e5fa9a031b5bc3fec6bca88108789ec4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-085141.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001104659-25-085141

**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:** Stilwell Value LLC
- **CENTRAL INDEX KEY:** 0001397076

**ORGANIZATION NAME:**
- **EIN:** 197505086
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12466
- **FILM NUMBER:** 251276033

**BUSINESS ADDRESS:**
- **STREET 1:** 111 BROADWAY, 12TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10006
- **BUSINESS PHONE:** 2122695800

**MAIL ADDRESS:**
- **STREET 1:** 111 BROADWAY, 12TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10006

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

## N-PX: Filer Information

**Filer CIK:** 0001397076

**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:** Stilwell Value LLC

**Address:** 111 BROADWAY, 12TH FLOOR, NEW YORK, NY 10006

**Telephone number:** 212-269-2005

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-12466

**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?:**

- [ ] No

- [x] 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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| IF Bancorp, Inc.                     | 44951J105 | 11/25/2024     | An advisory, non-binding resolution to approve the Company's executive compensation as described in the proxy statement.                                           | SECTION 14A SAY-ON-PAY VOTES |         262049 |                0 | AGAINST     |                                   262049 | AGAINST                     |  |
| ICC Holdings, Inc.                   | 44931Q104 | 11/26/2024     | To approve, on an advisory (non binding) basis, the compensation that may become payable to the Company's named executive officers in connection with the merger.  | SECTION 14A SAY-ON-PAY VOTES |            100 |                0 | FOR         |                                      100 | FOR                         |  |
| First Savings Financial Group, Inc.  | 33621E109 | 02/11/2025     | The approval of a non-binding resolution to approve the compensation of the named executive officers as disclosed in the accompanying proxy statement.             | SECTION 14A SAY-ON-PAY VOTES |          52500 |                0 | ABSTAIN     |                                    52500 | AGAINST                     |  |
| Magyar Bancorp, Inc.                 | 55977T208 | 02/20/2025     | An advisory vote (non-binding) on the frequency of stockholder voting on executive compensation.                                                                   | SECTION 14A SAY-ON-PAY VOTES |          40000 |                0 | ABSTAIN     |                                    40000 | AGAINST                     |  |
| Magyar Bancorp, Inc.                 | 55977T208 | 02/20/2025     | An advisory vote (non-binding) to approve the compensation paid to our named executive officers.                                                                   | SECTION 14A SAY-ON-PAY VOTES |          40000 |                0 | ABSTAIN     |                                    40000 | AGAINST                     |  |
| Essa Bancorp, Inc.                   | 29667D104 | 04/15/2025     | Approval of an advisory (non-binding) basis, specified compensation that may become payable to the named executive officers of ESSA in connection with the merger. | SECTION 14A SAY-ON-PAY VOTES |          25000 |                0 | AGAINST     |                                    25000 | AGAINST                     |  |
| Peoples Financial Corporation        | 71103B102 | 04/23/2025     | Advisory (non-binding) proposal to approve compensation of the corporation's named executive officers.                                                             | SECTION 14A SAY-ON-PAY VOTES |         656011 |                0 | AGAINST     |                                   656011 | AGAINST                     |  |
| Peoples Financial Corporation        | 71103B102 | 04/23/2025     | Advisory (non-binding) resolution regarding the frequency of a non-binding stockholder vote to approve compensation of the corporation's named executive officers. | SECTION 14A SAY-ON-PAY VOTES |         656011 |                0 | 1 YEAR      |                                   656011 | AGAINST                     |  |
| Harborone Bancorp, Inc.              | 41165Y100 | 05/13/2025     | A non-binding advisory resolution to approve the compensation of the Company's named executive officers.                                                           | SECTION 14A SAY-ON-PAY VOTES |          27883 |                0 | AGAINST     |                                    27883 | AGAINST                     |  |
| Provident Bancorp, Inc.              | 74383L105 | 05/15/2025     | The approval of an advisory, non-binding resolution with respect to our executive compensation.                                                                    | SECTION 14A SAY-ON-PAY VOTES |        1687649 |                0 | FOR         |                                  1687649 | FOR                         |  |
| Kingsway Financial Services, Inc.    | 496904202 | 05/19/2025     | To approve, on a non-binding and advisory basis, the compensation of the named executive officers of the Corporation (say-on-pay).                                 | SECTION 14A SAY-ON-PAY VOTES |        6700526 |                1 | FOR         |                                  6700526 | FOR                         |  |
| Principal Financial Group, Inc.      | 74251V102 | 05/20/2025     | Advisory approval of the compensation of our named executive officers                                                                                              | SECTION 14A SAY-ON-PAY VOTES |            547 |                0 | ABSTAIN     |                                      547 | AGAINST                     |  |
| Catalyst Bancorp, Inc.               | 14888L101 | 05/20/2025     | The approval of an advisory non-binding resolution with respect to our executive compensation.                                                                     | SECTION 14A SAY-ON-PAY VOTES |          39991 |                0 | ABSTAIN     |                                    39991 | AGAINST                     |  |
| Richmond Mutual Bancorporation, Inc. | 76525P100 | 05/21/2025     | An advisory (non-binding) vote on executive compensation.                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          30000 |                0 | ABSTAIN     |                                    30000 | AGAINST                     |  |
| Richmond Mutual Bancorporation, Inc. | 76525P100 | 05/21/2025     | An advisory (non-binding) vote as to whether future advisory votes on executive compensation should be held every one year, every two years or every three years.  | SECTION 14A SAY-ON-PAY VOTES |          30000 |                0 | ABSTAIN     |                                    30000 | AGAINST                     |  |
| Lake Shore Bancorp, Inc.             | 510700107 | 05/21/2025     | Approve, on an advisory basis, a non-binding resolution regarding the compensation of our named executive officers.                                                | SECTION 14A SAY-ON-PAY VOTES |         121893 |                0 | FOR         |                                   121893 | FOR                         |  |
| FS Bancorp, Inc.                     | 30263Y104 | 05/22/2025     | Advisory (non-binding) approval of the compensation of our named executive officers as disclosed in the proxy statement.                                           | SECTION 14A SAY-ON-PAY VOTES |          78000 |                0 | FOR         |                                    78000 | FOR                         |  |
| FS Bancorp, Inc.                     | 30263Y104 | 05/22/2025     | Advisory (non-binding) vote on whether future advisory votes on executive compensation should be held every one, two or three years.                               | SECTION 14A SAY-ON-PAY VOTES |          78000 |                0 | 1 YEAR      |                                    78000 | FOR                         |  |
| Sound Financial Bancorp, Inc.        | 83607A100 | 05/27/2025     | Advisory (non-binding) vote on executive compensation.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         410019 |                0 | FOR         |                                   410019 | FOR                         |  |
| Ponce Financial Group, Inc.          | 732344106 | 06/12/2025     | Approval, on an advisory and non-binding basis, of the compensation of the named executive officers.                                                               | SECTION 14A SAY-ON-PAY VOTES |          30000 |                0 | FOR         |                                    30000 | FOR                         |  |
| Metlife, Inc.                        | 59156R108 | 06/17/2025     | Advisory (non-binding) vote to approve the compensation paid to MetLife, Inc.'s Named Executive Officers.                                                          | SECTION 14A SAY-ON-PAY VOTES |             60 |                0 | ABSTAIN     |                                       60 | AGAINST                     |  |

## N-PX: Signature Block

**Reporting Person:** Stilwell Value LLC

**By (Signature):** /s/ Megan Parisi

**By (Printed Signature):** /s/ Megan Parisi

**By (Title):** Member

**Date:** 08/29/2025