# EDGAR Filing Document

**Accession Number:** 0001481957
**File Stem:** 0001140361-25-032869
**Filing Date:** 2025-8
**Character Count:** 9691
**Document Hash:** f04938e8484f5da096739260068db5e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-032869.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001140361-25-032869

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**EFFECTIVENESS DATE**: 20250827

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Belfer Management LLC
- **CENTRAL INDEX KEY:** 0001481957

**ORGANIZATION NAME:**
- **EIN:** 134148862
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13690
- **FILM NUMBER:** 251261999

**BUSINESS ADDRESS:**
- **STREET 1:** 767 FIFTH AVENUE
- **STREET 2:** 46TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10153
- **BUSINESS PHONE:** 212-508-9528

**MAIL ADDRESS:**
- **STREET 1:** 767 FIFTH AVENUE
- **STREET 2:** 46TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10153

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

## N-PX: Filer Information

**Filer CIK:** 0001481957

**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:** Belfer Management LLC

**Address:** 767 Fifth Avenue, New York, NY 10153

**Telephone number:** 212-508-9521

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-13690

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| THE ESTEE LAUDER COMPANIES INC.        | 518439104 | 11/08/2024     | Advisory vote to approve executive compensation.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |            958 |                0 | AGAINST     |                                      958 | AGAINST                     |  |
| AIR PRODUCTS AND CHEMICALS, INC.       | 009158106 | 01/23/2025     | Advisory vote approving the compensation of the company's executive officers.                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |            414 |                0 | FOR         |                                      414 | FOR                         |  |
| CARRIER GLOBAL CORPORATION             | 14448C104 | 04/09/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |           1880 |                0 | FOR         |                                     1880 | FOR                         |  |
| HUMANA INC.                            | 444859102 | 04/17/2025     | Non-binding advisory vote for the approval of the compensation of the named executive officers as disclosed in the 2025 proxy statement.                                          | SECTION 14A SAY-ON-PAY VOTES |            240 |                0 | FOR         |                                      240 | FOR                         |  |
| CANADIAN NATIONAL RAILWAY COMPANY      | 136375102 | 05/02/2025     | Non-binding advisory resolution to accept the approach to executive compensation disclosed in the information circular.                                                           | SECTION 14A SAY-ON-PAY VOTES |            876 |                0 | FOR         |                                      876 | FOR                         |  |
| RTX CORPORATION                        | 75513E101 | 05/01/2025     | Advisory vote to approve executive compensation.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |            814 |                0 | FOR         |                                      814 | FOR                         |  |
| LOCKHEED MARTIN CORPORATION            | 539830109 | 05/09/2025     | Advisory vote to approve the Compensation of our named Executive Officers (Say on Pay).                                                                                           | SECTION 14A SAY-ON-PAY VOTES |            847 |                0 | FOR         |                                      847 | FOR                         |  |
| LABCORP HOLDINGS INC.                  | 504922105 | 05/15/2025     | To approve, by non-binding vote, the compensation of the Company's named executive officers.                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           1342 |                0 | FOR         |                                     1342 | FOR                         |  |
| HAMILTON INSURANCE GROUP LTD.          | G42706104 | 05/15/2025     | Approve, on a non-binding, advisory basis, the fiscal 2024 compensation paid to our named executive officers.                                                                     | SECTION 14A SAY-ON-PAY VOTES |          24153 |                0 | FOR         |                                    24153 | FOR                         |  |
| OLD REPUBLIC INTERNATIONAL CORPORATION | 680223104 | 05/22/2025     | To provide an advisory approval on executive compensation.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           5958 |                0 | FOR         |                                     5958 | FOR                         |  |
| META PLATFORMS, INC.                   | 30303M102 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement. | SECTION 14A SAY-ON-PAY VOTES |            609 |                0 | FOR         |                                      609 | FOR                         |  |
| COREBRIDGE FINANCIAL, INC.             | 21871X109 | 06/03/2025     | Approve the 2024 compensation of Corebridge's named executive officers on an advisory basis.                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           7224 |                0 | FOR         |                                     7224 | FOR                         |  |
| FLAGSTAR FINANCIAL, INC.               | 649445400 | 06/04/2025     | An advisory vote to approve, on a non-binding basis, compensation of our named executive officers disclosed in the accompanying proxy statement.                                  | SECTION 14A SAY-ON-PAY VOTES |           4664 |                0 | FOR         |                                     4664 | FOR                         |  |
| CLOVER HEALTH INVESTMENTS, CORP.       | 18914F103 | 06/10/2025     | Non-binding advisory vote to approve the compensation paid to our named executive officers for 2024.                                                                              | SECTION 14A SAY-ON-PAY VOTES |          21939 |                0 | FOR         |                                    21939 | FOR                         |  |
| ULTA BEAUTY, INC.                      | 90384S303 | 06/11/2025     | Advisory resolution to approve the Company's executive compensation.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |            361 |                0 | FOR         |                                      361 | FOR                         |  |
| DOLLAR TREE, INC.                      | 256746108 | 06/19/2025     | To approve, by a non-binding advisory vote, the compensation of the Company's named executive officers.                                                                           | SECTION 14A SAY-ON-PAY VOTES |           2476 |                0 | FOR         |                                     2476 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Belfer Management LLC

**By (Signature):** /s/ Laurence D. Belfer

**By (Printed Signature):** /s/ Laurence D. Belfer

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

**Date:** 08/26/2025