# EDGAR Filing Document

**Accession Number:** 0001600583
**File Stem:** 0001600583-25-000008
**Filing Date:** 2025-8
**Character Count:** 20942
**Document Hash:** 740cb68216ea5f5682199b7c50a9d23a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001600583-25-000008.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001600583-25-000008

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**EFFECTIVENESS DATE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elizabeth Park Capital Advisors, Ltd.
- **CENTRAL INDEX KEY:** 0001600583

**ORGANIZATION NAME:**
- **EIN:** 263172303
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16091
- **FILM NUMBER:** 251273071

**BUSINESS ADDRESS:**
- **STREET 1:** 30100 CHAGRIN BLVD., SUITE 250
- **CITY:** PEPPER PIKE
- **STATE:** OH
- **ZIP:** 44124
- **BUSINESS PHONE:** 216-292-5711

**MAIL ADDRESS:**
- **STREET 1:** 30100 CHAGRIN BLVD., SUITE 250
- **CITY:** PEPPER PIKE
- **STATE:** OH
- **ZIP:** 44124

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

## N-PX: Filer Information

**Filer CIK:** 0001600583

**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:** Elizabeth Park Capital Advisors, Ltd.

**Address:** 30100 Chagrin Blvd., Pepper Pike, OH 44124

**Telephone number:** (216) 292-5711

**Name of agent for service:** Ernest C. Pelaia

**Agent Address:** 30100 Chagrin Blvd., Pepper Pike, OH 44124

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

**SEC File Number:** 028-16091

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| FIFTH THIRD BANCORP                | 316773100 | 04/15/2025     | AN ADVISORY VOTE ON APPROVAL OF THE COMPANY'S COMPENSATION OF ITS NAMED EXECUTIVE OFFICERS.                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          90680 |                0 | FOR         |                                    90680 | FOR                         |  |
| TEXAS CAPITAL BANCSHARES, INC.     | 88224Q107 | 04/15/2025     | TO APPROVE, ON AN ADVISORY BASIS, THE 2024<br>COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS AS DESCRIBED IN THE PROXY STATEMENT;                                                         | SECTION 14A SAY-ON-PAY VOTES |          42117 |                0 | FOR         |                                    42117 | FOR                         |  |
| M BANK CORPORATION                 | 55261F104 | 04/15/2025     | TO APPROVE THE 2024 COMPENSATION OF M<br>BANK CORPORATION'S NAMED EXECUTIVE<br>OFFICERS.                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          19536 |                0 | FOR         |                                    19536 | FOR                         |  |
| CNB FINANCIAL CORPORATION          | 126128107 | 04/15/2025     | TO VOTE ON A NON-BINDING ADVISORY RESOLUTION TO APPROVE, THE COMPENSATION OF CNB'S NAMED EXECUTIVE OFFICERS.                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          66458 |                0 | FOR         |                                    66458 | FOR                         |  |
| HUNTINGTON BANCSHARES INCORPORATED | 446150104 | 04/16/2025     | AN ADVISORY RESOLUTION TO APPROVE, ON A NON-BINDING BASIS, THE COMPENSATION OF EXECUTIVES AS DISCLOSED IN THE<br>ACCOMPANYING PROXY STATEMENT.                                                    | SECTION 14A SAY-ON-PAY VOTES |         246580 |                0 | FOR         |                                   246580 | FOR                         |  |
| TRUSTMARK CORPORATION              | 898402102 | 04/22/2025     | TO PROVIDE ADVISORY APPROVAL OF TRUSTMARK'S EXECUTIVE<br>COMPENSATION.                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          83770 |                0 | FOR         |                                    83770 | FOR                         |  |
| SYNOVUS FINANCIAL CORP.            | 87161C501 | 04/24/2025     | TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF SYNOVUS' NAMED EXECUTIVE OFFICERS AS DETERMINED BY THE<br>COMPENSATION AND HUMAN CAPITAL COMMITTEE.                                         | SECTION 14A SAY-ON-PAY VOTES |          63570 |                0 | FOR         |                                    63570 | FOR                         |  |
| CITIZENS FINANCIAL GROUP, INC.     | 174610105 | 04/24/2025     | ADVISORY VOTE ON EXECUTIVE COMPENSATION.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          79830 |                0 | FOR         |                                    79830 | FOR                         |  |
| PEOPLES BANCORP INC.               | 709789101 | 04/24/2025     | APPROVAL OF NON-BINDING ADVISORY RESOLUTION TO APPROVE THE COMPENSATION OF PEOPLES' NAMED EXECUTIVE OFFICERS AS DISCLOSED IN THE PROXY STATEMENT FOR THE 2025 ANNUAL MEETING OF SHAREHOLDERS.     | SECTION 14A SAY-ON-PAY VOTES |          64100 |                0 | FOR         |                                    64100 | FOR                         |  |
| UMB FINANCIAL CORPORATION          | 902788108 | 04/29/2025     | AN ADVISORY VOTE (NON-BINDING) ON THE COMPENSATION PAID TO UMB'S NAMED EXECUTIVE OFFICERS.                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          29657 |                0 | FOR         |                                    29657 | FOR                         |  |
| OFG BANCORP                        | 67103X102 | 04/30/2025     | TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS AS SET FORTH IN<br>THE ACCOMPANYING PROXY STATEMENT.                                                 | SECTION 14A SAY-ON-PAY VOTES |          63519 |                0 | FOR         |                                    63519 | FOR                         |  |
| ZIONS BANCORPORATION               | 989701107 | 05/02/2025     | APPROVAL, ON A NONBINDING ADVISORY BASIS, OF THE COMPENSATION PAID TO THE BANK'S NAMED EXECUTIVE OFFICERS WITH RESPECT TO FISCAL YEAR ENDED DEC. 31, 2024.                                        | SECTION 14A SAY-ON-PAY VOTES |          10500 |                0 | FOR         |                                    10500 | FOR                         |  |
| ZIONS BANCORPORATION               | 989701107 | 05/02/2025     | TO RECOMMEND, BY NON-BINDING VOTE, THE FREQUENCY OF THE SHAREHOLDER NON-BINDING VOTE TO APPROVE EXECUTIVE COMPENSATION.                                                                           | SECTION 14A SAY-ON-PAY VOTES |          10500 |                0 | 1 YEAR      |                                    10500 | FOR                         |  |
| OLD NATIONAL BANCORP               | 680033107 | 05/14/2025     | APPROVAL OF A NON-BINDING ADVISORY PROPOSAL ON THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS.                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         207114 |                0 | FOR         |                                   207114 | FOR                         |  |
| MIDDLEFIELD BANC CORP.             | 596304204 | 05/14/2025     | TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION OF NAMED EXECUTIVE OFFICERS, AS DISCLOSED IN THE PROXY STATEMENT                                                                    | SECTION 14A SAY-ON-PAY VOTES |          26819 |                0 | FOR         |                                    26819 | FOR                         |  |
| MIDDLEFIELD BANC CORP.             | 596304204 | 05/14/2025     | ADVISORY VOTE ON THE FREQUENCY OF THE ADVISORY VOTE ON EXECUTIVE COMPENSATION                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          26819 |                0 | 1 YEAR      |                                    26819 | FOR                         |  |
| CAPITAL BANCORP INC                | 139737100 | 05/15/2025     | PROPOSAL TO APPROVE ON A NON-BINDING, ADVISORY BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS, AS DESCRIBED IN THE PROXY STATEMENT.                                            | SECTION 14A SAY-ON-PAY VOTES |         125249 |                0 | FOR         |                                   125249 | FOR                         |  |
| BAR HARBOR BANKSHARES              | 066849100 | 05/15/2025     | TO HOLD A NON-BINDING ADVISORY VOTE ON THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS.                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          71263 |                0 | FOR         |                                    71263 | FOR                         |  |
| HOMETRUST BANCSHARES, INC          | 437872104 | 05/19/2025     | AN ADVISORY (NON-BINDING) VOTE ON EXECUTIVE<br>COMPENSATION (COMMONLY REFERRED TO AS A "SAY ON PAY VOTE").                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          68531 |                0 | FOR         |                                    68531 | FOR                         |  |
| VALLEY NATIONAL BANCORP            | 919794107 | 05/20/2025     | AN ADVISORY, NON-BINDING VOTE TO APPROVE THE COMPENSATION OF VALLEY'S NAMED EXECUTIVE OFFICERS.                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         447985 |                0 | FOR         |                                   447985 | FOR                         |  |
| EAST WEST BANCORP, INC.            | 27579R104 | 05/20/2025     | TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS FOR 2024.                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          25000 |                0 | FOR         |                                    25000 | FOR                         |  |
| OLD SECOND BANCORP, INC.           | 680277100 | 05/20/2025     | PROPOSAL TO APPROVE ON A NON-BINDING, ADVISORY BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS, AS DESCRIBED IN THE COMPANY'S PROXY STATEMENT.                                  | SECTION 14A SAY-ON-PAY VOTES |         151299 |                0 | FOR         |                                   151299 | FOR                         |  |
| OLD SECOND BANCORP, INC.           | 680277100 | 05/20/2025     | APPROVAL, IN A NON-ADVISORY VOTE, OF THE FREQUENCY OF FUTURE STOCKHOLDER ADVISORY VOTES ON THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS.                                            | SECTION 14A SAY-ON-PAY VOTES |         151299 |                0 | 1 YEAR      |                                   151299 | FOR                         |  |
| AMALGAMATED FINANCIAL CORPORATION  | 022671101 | 05/21/2025     | TO CONDUCT A NON-BINDING, ADVISORY VOTE ON THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          93009 |                0 | FOR         |                                    93009 | FOR                         |  |
| BANK OF MARIN BANCORP              | 063425102 | 05/21/2025     | TO APPROVE, BY NON-BINDING VOTE, EXECUTIVE<br>COMPENSATION                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         219952 |                0 | FOR         |                                   219952 | FOR                         |  |
| WINTRUST FINANCIAL CORPORATION     | 97650W108 | 05/22/2025     | PROPOSAL TO APPROVE, ON AN ADVISORY (NON-BINDING) BASIS, THE COMPANY'S EXECUTIVE COMPENSATION AS DESCRIBED IN THE 2025 PROXY STATEMENT.                                                           | SECTION 14A SAY-ON-PAY VOTES |          24042 |                0 | FOR         |                                    24042 | FOR                         |  |
| QCR HOLDINGS, INC.                 | 74727A104 | 05/22/2025     | TO APPROVE, IN A NON-BINDING, ADVISORY VOTE, THE COMPENSATION OF CERTAIN EXECUTIVE OFFICERS, WHICH IS REFERRED TO AS A "SAY-ON-PAY" VOTE.                                                         | SECTION 14A SAY-ON-PAY VOTES |          65623 |                0 | FOR         |                                    65623 | FOR                         |  |
| DIME COMMUNITY BANCSHARES, INC.    | 25432X102 | 05/22/2025     | APPROVAL, BY A NON-BINDING ADVISORY VOTE, OF THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS.                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         116879 |                0 | FOR         |                                   116879 | FOR                         |  |
| MERCANTILE BANK CORPORATION        | 587376104 | 05/22/2025     | AN ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS DISCLOSED IN OUR PROXY<br>STATEMENT ("SAY-ON-PAY").                                                                  | SECTION 14A SAY-ON-PAY VOTES |          14470 |                0 | FOR         |                                    14470 | FOR                         |  |
| MERCANTILE BANK CORPORATION        | 587376104 | 05/22/2025     | AN ADVISORY VOTE ON THE FREQUENCY OF ADVISORY APPROVAL OF THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS ("SAY-<br>ON-FREQUENCY").                                                              | SECTION 14A SAY-ON-PAY VOTES |          14470 |                0 | 1 YEAR      |                                    14470 | FOR                         |  |
| HERITAGE COMMERCE CORP             | 426927109 | 05/22/2025     | ADVISORY PROPOSAL ON 2024 EXECUTIVE COMPENSATION.                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          58267 |                0 | FOR         |                                    58267 | FOR                         |  |
| NORTHRIM BANCORP, INC.             | 666762109 | 05/22/2025     | ADVISORY VOTE ON EXECUTIVE COMPENSATION.<br>TO APPROVE, BY NONBINDING VOTE, THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS.                                                                     | SECTION 14A SAY-ON-PAY VOTES |          47784 |                0 | FOR         |                                    47784 | FOR                         |  |
| SMARTFINANCIAL, INC.               | 83190L208 | 05/22/2025     | TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION OF SMARTFINANCIAL'S NAMED EXECUTIVE OFFICERS AS LISTED IN THESE PROXY MATERIALS.                                                    | SECTION 14A SAY-ON-PAY VOTES |         113446 |                0 | FOR         |                                   113446 | FOR                         |  |
| VERITEX HOLDINGS, INC.             | 923451108 | 05/27/2025     | ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         158777 |                0 | FOR         |                                   158777 | FOR                         |  |
| COASTAL FINANCIAL CORPORATION      | 19046P209 | 05/28/2025     | ADVISORY (NON-BINDING) APPROVAL OF THE COMPENSATION PAID TO NAMED EXECUTIVE OFFICERS.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          47256 |                0 | FOR         |                                    47256 | FOR                         |  |
| FIRST FOUNDATION INC.              | 32026V104 | 05/29/2025     | TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS FOR THE YEAR ENDED DECEMBER 31, 2024.                                                     | SECTION 14A SAY-ON-PAY VOTES |          41631 |                0 | FOR         |                                    41631 | FOR                         |  |
| FIRST FOUNDATION INC.              | 32026V104 | 05/29/2025     | TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE FREQUENCY OF FUTURE ADVISORY VOTES ON THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS.                                                | SECTION 14A SAY-ON-PAY VOTES |          41631 |                0 | 1 YEAR      |                                    41631 | FOR                         |  |
| FIRST BUSEY CORPORATION            | 319383204 | 05/29/2025     | TO APPROVE, IN A NON-BINDING, ADVISORY VOTE, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS, AS DESCRIBED IN THE ACCOMPANYING PROXY STATEMENT, WHICH IS REFERRED TO AS A "SAY-ON-PAY" PROPOSAL. | SECTION 14A SAY-ON-PAY VOTES |          22000 |                0 | FOR         |                                    22000 | FOR                         |  |
| CF BANKSHARES INC                  | 12520L109 | 05/29/2025     | TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         139350 |                0 | FOR         |                                   139350 | FOR                         |  |
| ESQUIRE FINANCIAL HOLDINGS INC     | 29667J101 | 05/29/2025     | AN ADVISORY VOTE ON EXECUTIVE COMPENSATION ("SAY-ON-PAY").                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          33210 |                0 | FOR         |                                    33210 | FOR                         |  |
| EMBASSY BANCORP, INC.              | 290791102 | 06/18/2025     | TO APPROVE AN ADVISORY, NON-BINDING RESOLUTION REGARDING EXECUTIVE COMPENSATION.                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         181550 |                0 | FOR         |                                   181550 | FOR                         |  |
| EMBASSY BANCORP, INC.              | 290791102 | 06/18/2025     | TO APPROVE AN ADVISORY, NON-BINDING PROPOSAL ON THE FREQUENCY OF FUTURE ADVISORY VOTES REGARDING EXECUTIVE COMPENSATION.                                                                          | SECTION 14A SAY-ON-PAY VOTES |         181550 |                0 | 3 YEARS     |                                   181550 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Elizabeth Park Capital Advisors, Ltd.

**By (Signature):** Ernest C. Pelaia

**By (Printed Signature):** Ernest C. Pelaia

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

**Date:** 08/28/2025