# EDGAR Filing Document

**Accession Number:** 0001512275
**File Stem:** 0001021408-25-002410
**Filing Date:** 2025-8
**Character Count:** 16896
**Document Hash:** 6d99fe2e55c81b9ca3927857660573fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001021408-25-002410.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0001021408-25-002410

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250820

**EFFECTIVENESS DATE**: 20250820

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mill Road Capital Management LLC
- **CENTRAL INDEX KEY:** 0001512275

**ORGANIZATION NAME:**
- **EIN:** 201781223
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14342
- **FILM NUMBER:** 251234687

**BUSINESS ADDRESS:**
- **STREET 1:** 334 PEMBERWICK ROAD
- **STREET 2:** SECOND FLOOR
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06831
- **BUSINESS PHONE:** 2039873500

**MAIL ADDRESS:**
- **STREET 1:** 328 PEMBERWICK ROAD
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06831

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

## N-PX: Filer Information

**Filer CIK:** 0001512275

**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:** Mill Road Capital Management LLC

**Address:** 328 Pemberwick Road, Greenwich, CT 08631

**Telephone number:** 203-987-3500

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-14342

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|:---|:---|:---|
| 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 |        5636940 |                0 | FOR         | 5636940                                  | FOR                         |  |
| CULP, INC.                              | 230215105 | 9/25/2024      | Say on Pay - On an advisory basis, to approve the compensation of our named executive officers as disclosed in the accompanying Proxy Statement.                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         324372 |              297 | FOR         | 324372                                   | FOR                         |  |
| QUINSTREET, INC.                        | 74874Q100 | 10/31/2024     | Approval, by advisory vote, of the compensation awarded to QuinStreet, Inc.'s named executive officers as disclosed in the proxy statement.                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         323319 |           249386 | FOR         | 323319                                   | FOR                         |  |
| BEAZER HOMES USA, INC.                  | 07556Q881 | 2/6/2025       | An advisory vote regarding the compensation paid to the Company's named executive officers.                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         252728 |            71030 | FOR         | 252728                                   | FOR                         |  |
| CONCRETE PUMPING HOLDINGS, INC.         | 206704108 | 4/22/2025      | To approve, on a non-binding, advisory basis, the compensation of our named executive officers (the "say-on-pay" vote).                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         422352 |             6953 | FOR         | 422352                                   | FOR                         |  |
| ENVIRI CORPORATION                      | 415864107 | 4/24/2025      | Vote, on an advisory basis, to approve named executive officer compensation.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        1614928 |           180203 | FOR         | 1614928                                  | FOR                         |  |
| ASTEC INDUSTRIES, INC.                  | 046224101 | 4/25/2025      | to approve, on a non-binding, advisory basis, the compensation of our named executive officers (Proposal No. 2).                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |            524 |              476 | FOR         | 524                                      | FOR                         |  |
| ZIMVIE INC.                             | 98888T107 | 5/7/2025       | Approve, on a non-binding advisory basis, named executive officer compensation ("Say on Pay").                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         187418 |               12 | FOR         | 187418                                   | FOR                         |  |
| ALLIENT INC.                            | 019330109 | 5/7/2025       | ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          50000 |                0 | FOR         | 50000                                    | FOR                         |  |
| ALLIENT INC.                            | 019330109 | 5/7/2025       | ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION.                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          50000 |                0 | ONE YEAR    | 50000                                    | FOR                         |  |
| NOODLES  COMPANY                        | 65540B105 | 5/14/2025      | Advisory (non-binding) vote on the compensation of our named executive officers.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        4699148 |                0 | FOR         | 4699148                                  | FOR                         |  |
| NOODLES  COMPANY                        | 65540B105 | 5/14/2025      | Advisory (non-binding) vote on the frequency of future advisory votes on the compensation of our named executive officers.                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        4699148 |                0 | ONE YEAR    | 4699148                                  | FOR                         |  |
| NOODLES  COMPANY                        | 65540B105 | 5/14/2025      | Advisory (non-binding) vote on the compensation of our named executive officers.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        2266143 |                0 | FOR         | 2266143                                  | FOR                         |  |
| NOODLES  COMPANY                        | 65540B105 | 5/14/2025      | Advisory (non-binding) vote on the frequency of future advisory votes on the compensation of our named executive officers.                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        2266143 |                0 | ONE YEAR    | 2266143                                  | FOR                         |  |
| BLUELINX HOLDINGS INC                   | 09624H208 | 5/15/2025      | Proposal to approve the non-binding, advisory resolution regarding the executive compensation described in the proxy statement.                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         108612 |             9252 | FOR         | 108612                                   | FOR                         |  |
| ARHAUS, INC.                            | 04035M102 | 5/15/2025      | To approve, on an advisory basis, our named executive officer compensation.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |            200 |                0 | FOR         | 200                                      | FOR                         |  |
| MISTRAS GROUP, INC.                     | 60649T107 | 5/19/2025      | To approve, on an advisory basis, the compensation of Mistras Group, Inc.'s named executive officers.                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        1753773 |                0 | FOR         | 1753773                                  | FOR                         |  |
| GENCO SHIPPING  TRADING LIMITED         | Y2685T131 | 5/20/2025      | To approve a non-binding, advisory resolution regarding executive compensation of Genco's named executive officers.                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| SUPERIOR INDUSTRIES INTERNATIONAL, INC. | 868168105 | 5/21/2025      | To approve, in a non-binding advisory vote, the compensation of the Company's named executive officers for the fiscal year ended December 31, 2024.                                                                               | SECTION 14A SAY-ON-PAY VOTES |        4380940 |                0 | FOR         | 4380940                                  | FOR                         |  |
| TRUECAR, INC.                           | 89785L107 | 5/22/2025      | Advisory vote to approve named executive officer compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        1723800 |                0 | FOR         | 1723800                                  | FOR                         |  |
| DULUTH HOLDINGS INC.                    | 26443V101 | 5/29/2025      | To approve, by an advisory vote, the compensation of our named executive officers.                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          23545 |                0 | FOR         | 23545                                    | FOR                         |  |
| MRC GLOBAL INC.                         | 55345K103 | 5/29/2025      | Approve a non-binding advisory resolution approving the Company's named executive officer compensation                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |              9 |             4291 | FOR         | 9                                        | FOR                         |  |
| MRC GLOBAL INC.                         | 55345K103 | 5/30/2025      | Recommend, on an advisory basis, the frequency of an advisory vote on the Company's named executive officer compensation                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |              9 |             4291 | ONE YEAR    | 9                                        | FOR                         |  |
| ALTA EQUIPMENT GROUP INC.               | 02128L106 | 5/30/2025      | To approve, in a non-binding advisory vote, the compensation paid to our named executive officers.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        4198502 |            94706 | FOR         | 4198502                                  | FOR                         |  |
| NATURAL GAS SERVICES GROUP, INC.        | 63886Q109 | 6/5/2025       | To consider an advisory vote on executive compensation of our named executive officers.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         398658 |             6087 | FOR         | 398658                                   | FOR                         |  |
| ACCEL ENTERTAINMENT, INC.               | 00436Q106 | 6/6/2025       | Approve, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         152803 |           132682 | FOR         | 152803                                   | FOR                         |  |
| FORWARD AIR CORPORATION                 | 349853101 | 6/11/2025      | To approve, on a non-binding, advisory basis, the compensation of the named executive officers (the "say on pay vote").                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |            592 |           127058 | FOR         | 592                                      | FOR                         |  |
| LIFETIME BRANDS, INC.                   | 53222Q103 | 6/18/2025      | TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE 2024 COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS.                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        1065810 |                0 | AGAINST     | 1065810                                  | FOR                         |  |
| CENTURY CASINOS, INC.                   | 156492100 | 6/23/2025      | To consider and vote upon a proposal to approve an advisory (non-binding) resolution regarding the compensation of the Company's named executive officers.                                                                        | SECTION 14A SAY-ON-PAY VOTES |        1095900 |                0 | FOR         | 1095900                                  | FOR                         |  |
| CENTURY CASINOS, INC.                   | 156492100 | 6/23/2025      | To consider and vote on a proposal to approve an advisory (non-binding) resolution regarding whether an advisory vote on the compensation of the Company's named executive officers should be held every one, two or three years. | SECTION 14A SAY-ON-PAY VOTES |        1095900 |                0 | ONE YEAR    | 1095900                                  | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Mill Road Capital Management LLC

**By (Signature):** Thomas E. Lynch

**By (Printed Signature):** Thomas E. Lynch

**By (Title):** Management Committee Director

**Date:** 08/19/2025