# EDGAR Filing Document

**Accession Number:** 0001035674
**File Stem:** 0001013594-25-001118
**Filing Date:** 2025-9
**Character Count:** 11520
**Document Hash:** 99a66d7c740b5d65b14ab6bb9ad9fe12
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001013594-25-001118.hdr.sgml**: 20250902

**ACCESSION NUMBER**: 0001013594-25-001118

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250902

**EFFECTIVENESS DATE**: 20250902

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAULSON & CO. INC.
- **CENTRAL INDEX KEY:** 0001035674

**ORGANIZATION NAME:**
- **EIN:** 133796759
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10010
- **FILM NUMBER:** 251286223

**BUSINESS ADDRESS:**
- **STREET 1:** 15 EXCHANGE PLACE
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07302
- **BUSINESS PHONE:** 212-956-2221

**MAIL ADDRESS:**
- **STREET 1:** 15 EXCHANGE PLACE
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07302

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAULSON & CO INC
- **DATE OF NAME CHANGE:** 19970313

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

## N-PX: Filer Information

**Filer CIK:** 0001035674

**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:** PAULSON  CO. INC.

**Address:** 15 EXCHANGE PLACE, JERSEY CITY, NJ 07302

**Telephone number:** 212-956-2221

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-10010

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 549300XBG3E50WMF0H64

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| ACADIAN ASSET MANAGEMENT INC.       |  | 05/13/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        8950121 |                0 | FOR         |                                        0 | FOR                         |  |
| AGNICO EAGLE MINES LIMITED          |  | 04/25/2025     | Consideration of and, if deemed advisable, the passing of a non-binding, advisory resolution accepting the Company's approach to executive compensation.                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         783561 |                0 | FOR         |                                        0 | FOR                         |  |
| BAUSCH HEALTH COMPANIES, INC.       |  | 05/13/2025     | The approval, in an advisory vote, of the compensation of our Named Executive Officers.                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       26439035 |                0 | FOR         |                                        0 | FOR                         |  |
| EQUINOX GOLD CORP.                  |  | 05/01/2025     | To consider, and if deemed advisable, to pass an ordinary resolution that the Company's shareholders accept the approach to executive compensation as more particularly described in the Company's Management Information Circular.                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        2500000 |                0 | FOR         |                                        0 | FOR                         |  |
| HONEYWELL INTERNATIONAL INC.        |  | 05/20/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         146529 |            53471 | FOR         |                                        0 | FOR                         |  |
| IAMGOLD CORPORATION                 |  | 05/06/2025     | Resolved that, on an advisory basis and not to diminish the role and responsibilities of the board of directors, the shareholders accept the approach to executive compensation disclosed in the management information circular of IAMGOLD Corporation dated April 3, 2025.                                                         | SECTION 14A SAY-ON-PAY VOTES |        1850000 |                0 | FOR         |                                        0 | FOR                         |  |
| INTERNATIONAL TOWER HILL MINES LTD. |  | 06/04/2025     | Advisory Vote on Compensation of NEOs To approve the compensation paid to the Company's NEOs on an advisory non-binding basis.                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |       70239388 |                0 | FOR         |                                        0 | FOR                         |  |
| INTERNATIONAL TOWER HILL MINES LTD. |  | 06/04/2025     | Advisory Vote on Frequency of Shareholder's Votes on executive compensation. To approve the frequency of shareholder's votes on executive compensation.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       70239388 |                0 | 1YEAR       |                                        0 | FOR                         |  |
| MADRIGAL PHARMACEUTICALS INC.       |  | 06/20/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        1644831 |           262692 | FOR         |                                        0 | FOR                         |  |
| MADRIGAL PHARMACEUTICALS INC.       |  | 06/20/2025     | Advisory vote to approve the frequency of future advisory votes to approve executive compensation                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        1644831 |           262692 | 1YEAR       |                                        0 | FOR                         |  |
| NOVAGOLD RESOURCES INC.             |  | 05/15/2025     | Approval of Non-Binding Advisory Vote on Executive Compensation: Approval of a non-binding resolution approving the compensation of the Company's Named Executive Officers. See disclosure under the heading "Additional Matters to be Acted Upon" as set out in the Company's Management Information Circular dated March 24, 2025. | SECTION 14A SAY-ON-PAY VOTES |       27238061 |                0 | FOR         |                                        0 | FOR                         |  |
| SEABRIDGE GOLD INC.                 |  | 06/25/2025     | Advisory Vote on Executive Compensation To approve, on an advisory basis, the executive compensation approach of the Company. See the section entitled "Business of the Meeting - Advisory Resolution on Executive Compensation" in the Proxy Circular.                                                                              | SECTION 14A SAY-ON-PAY VOTES |        2070000 |                0 | FOR         |                                        0 | FOR                         |  |
| TELLURIAN INC.                      |  | 10/04/2024     | To approve, on a nonbinding advisory basis, compensation that will or may become payable to our named executive officers in connection with the merger.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       30000000 |                0 | FOR         |                                        0 | FOR                         |  |
| THRYV HOLDINGS, INC.                |  | 06/12/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        4280000 |                0 | FOR         |                                        0 | FOR                         |  |
| TRILOGY METALS INC.                 |  | 05/13/2025     | To consider and, if deemed advisable, pass a non-binding resolution approving the compensation of the Company's Named Executive Officers.                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |       14326996 |                0 | FOR         |                                        0 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** PAULSON  CO. INC.

**By (Signature):** Stuart Merzer

**By (Printed Signature):** Stuart Merzer

**By (Title):** General Counsel

**Date:** 09/02/2025