# EDGAR Filing Document

**Accession Number:** 0001550057
**File Stem:** 0001085146-25-004691
**Filing Date:** 2025-8
**Character Count:** 32629
**Document Hash:** da1957bff587e88167dffbc418af8365
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-004691.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0001085146-25-004691

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250808

**EFFECTIVENESS DATE**: 20250808

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goelzer Investment Management, Inc.
- **CENTRAL INDEX KEY:** 0001550057

**ORGANIZATION NAME:**
- **EIN:** 352030275
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14976
- **FILM NUMBER:** 251195973

**BUSINESS ADDRESS:**
- **STREET 1:** 10 EAST MAIN STREET
- **STREET 2:** SUITE 110
- **CITY:** CARMEL
- **STATE:** IN
- **ZIP:** 46032
- **BUSINESS PHONE:** 317-264-2600

**MAIL ADDRESS:**
- **STREET 1:** 10 EAST MAIN STREET
- **STREET 2:** SUITE 110
- **CITY:** CARMEL
- **STATE:** IN
- **ZIP:** 46032

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

## N-PX: Filer Information

**Filer CIK:** 0001550057

**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:** Goelzer Investment Management, Inc.

**Address:** 10 EAST MAIN STREET, CARMEL, IN 46032

**Telephone number:** 317-264-2606

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-14976

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| ABBVIE INC.                              | 00287Y109 | 05/09/2025     | Say on Pay - An advisory vote on the approval of executive compensation                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |            626 |                0 | FOR         |                                      626 | FOR                         |  |
| 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 |              0 |                0 | NO VOTE     |                                        0 | NONE                        |  |
| AIR PRODUCTS AND CHEMICALS, INC.         | 009158106 | 01/23/2025     | An advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | NO VOTE     |                                        0 | NONE                        |  |
| AMERICAN ELECTRIC POWER COMPANY, INC.    | 025537101 | 04/29/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           1151 |                0 | FOR         |                                     1151 | FOR                         |  |
| ANALOG DEVICES, INC.                     | 032654105 | 03/12/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |            500 |                0 | FOR         |                                      500 | FOR                         |  |
| APPLE INC.                               | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 | NO VOTE     |                                        0 | NONE                        |  |
| ASTRAZENECA PLC                          | 046353108 | 04/11/2025     | To approve the annual statement of the Chair of the Remuneration Committee and the Annual Report on Remuneration for the year ended 31 December 2024                                                                              | SECTION 14A SAY-ON-PAY VOTES |           1236 |                0 | FOR         |                                     1236 | FOR                         |  |
| BANK OF AMERICA CORPORATION              | 060505104 | 04/22/2025     | Approving our executive compensation (an advisory, non-binding "Say on Pay" resolution)                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           2631 |                0 | FOR         |                                     2631 | FOR                         |  |
| BLACKROCK, INC.                          | 09290D101 | 05/15/2025     | Approval, in a non-binding advisory vote, of the compensation for named executive officers.                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |             44 |                0 | FOR         |                                       44 | FOR                         |  |
| BRISTOL-MYERS SQUIBB COMPANY             | 110122108 | 05/06/2025     | Advisory Vote to Approve the Compensation of our Named Executive Officers                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           1931 |                0 | FOR         |                                     1931 | FOR                         |  |
| BROADCOM INC                             | 11135F101 | 04/21/2025     | Advisory vote to approve the named executive officer compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |            374 |                0 | FOR         |                                      374 | FOR                         |  |
| CATERPILLAR INC.                         | 149123101 | 06/11/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |            127 |                0 | FOR         |                                      127 | FOR                         |  |
| CHEVRON CORPORATION                      | 166764100 | 05/28/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |            797 |                0 | FOR         |                                      797 | FOR                         |  |
| CISCO SYSTEMS, INC.                      | 17275R102 | 12/09/2024     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           1647 |                0 | FOR         |                                     1647 | FOR                         |  |
| CITIZENS FINANCIAL GROUP, INC.           | 174610105 | 04/24/2025     | Advisory Vote on Executive Compensation.                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |           2782 |                0 | FOR         |                                     2782 | FOR                         |  |
| CORNING INCORPORATED                     | 219350105 | 05/01/2025     | Advisory approval of our executive compensation (Say on Pay).                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |            980 |                0 | FOR         |                                      980 | FOR                         |  |
| EASTMAN CHEMICAL COMPANY                 | 277432100 | 05/01/2025     | Advisory Approval of Executive Compensation as Disclosed in Proxy Statement                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |            554 |                0 | FOR         |                                      554 | FOR                         |  |
| EATON CORPORATION PLC                    | G29183103 | 04/23/2025     | Approving, on an advisory basis, the Company's executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |            416 |                0 | FOR         |                                      416 | FOR                         |  |
| ENBRIDGE INC.                            | 29250N105 | 05/07/2025     | Accept Enbridge's approach to executive compensation, as disclosed in the Management Information Circular.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           2854 |                0 | FOR         |                                     2854 | FOR                         |  |
| ENTERGY CORPORATION                      | 29364G103 | 05/02/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |           1720 |                0 | FOR         |                                     1720 | FOR                         |  |
| EOG RESOURCES, INC.                      | 26875P101 | 05/21/2025     | To approve, by non-binding vote, the compensation of the Company's named executive officers.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |            381 |                0 | FOR         |                                      381 | FOR                         |  |
| EXXON MOBIL CORPORATION                  | 30231G102 | 05/28/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |           1481 |                0 | FOR         |                                     1481 | FOR                         |  |
| 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 |           1129 |                0 | FOR         |                                     1129 | FOR                         |  |
| GATX CORPORATION                         | 361448103 | 04/25/2025     | ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |            695 |                0 | FOR         |                                      695 | FOR                         |  |
| GENTEX CORPORATION                       | 371901109 | 05/15/2025     | To approve, on an advisory basis, compensation of the Company's named executive officers.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           3517 |                0 | FOR         |                                     3517 | FOR                         |  |
| INGREDION INCORPORATED                   | 457187102 | 05/21/2025     | To approve, by advisory vote, the compensation of the Company's named executive officers.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |            663 |                0 | FOR         |                                      663 | FOR                         |  |
| INTERNATIONAL BUSINESS MACHINES CORP.    | 459200101 | 04/29/2025     | Advisory Vote on Executive Compensation                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |            530 |                0 | FOR         |                                      530 | FOR                         |  |
| JOHNSON  JOHNSON                         | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |            682 |                0 | FOR         |                                      682 | FOR                         |  |
| JPMORGAN CHASE  CO.                      | 46625H100 | 05/20/2025     | Advisory resolution to approve executive compensation                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |            440 |                0 | FOR         |                                      440 | 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 |            290 |                0 | FOR         |                                      290 | FOR                         |  |
| MEDTRONIC PLC                            | G5960L103 | 10/17/2024     | Approving, on an advisory basis, the Company's executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |            668 |                0 | FOR         |                                      668 | FOR                         |  |
| MERCK  CO., INC.                         | 58933Y105 | 05/27/2025     | Non-binding advisory vote to approve the compensation of our named executive officers.                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           1288 |                0 | FOR         |                                     1288 | FOR                         |  |
| MICROSOFT CORPORATION                    | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote").                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |            320 |                0 | FOR         |                                      320 | FOR                         |  |
| NEXSTAR MEDIA GROUP, INC.                | 65336K103 | 06/17/2025     | To conduct an advisory vote on the compensation of our Named Executive Officers.                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |            355 |                0 | FOR         |                                      355 | FOR                         |  |
| NISOURCE INC.                            | 65473P105 | 05/12/2025     | To approve named executive officer compensation on an advisory basis.                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           3405 |                0 | FOR         |                                     3405 | FOR                         |  |
| OMEGA HEALTHCARE INVESTORS, INC.         | 681936100 | 06/06/2025     | Approval, on an advisory basis, of executive compensation                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           3505 |                0 | FOR         |                                     3505 | FOR                         |  |
| PEPSICO, INC.                            | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |            683 |                0 | FOR         |                                      683 | FOR                         |  |
| PFIZER INC.                              | 717081103 | 04/24/2025     | 2025 advisory approval of executive compensation                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |           2607 |                0 | FOR         |                                     2607 | FOR                         |  |
| POLARIS INC.                             | 731068102 | 05/01/2025     | Advisory vote to approve the compensation of the Company's Named Executive Officers                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |            507 |                0 | FOR         |                                      507 | 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 |           1388 |                0 | FOR         |                                     1388 | FOR                         |  |
| PRUDENTIAL FINANCIAL, INC.               | 744320102 | 05/13/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |            675 |                0 | FOR         |                                      675 | FOR                         |  |
| QUALCOMM INCORPORATED                    | 747525103 | 03/18/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |            936 |                0 | FOR         |                                      936 | FOR                         |  |
| RIO TINTO PLC                            | 767204100 | 04/03/2025     | Approval of the Directors' Remuneration Report: Implementation Report                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           1221 |                0 | FOR         |                                     1221 | FOR                         |  |
| RIO TINTO PLC                            | 767204100 | 04/03/2025     | Approval of the Directors' Remuneration Report                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |           1221 |                0 | FOR         |                                     1221 | FOR                         |  |
| STANLEY BLACK  DECKER, INC.              | 854502101 | 04/25/2025     | Approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |            701 |                0 | FOR         |                                      701 | FOR                         |  |
| STARBUCKS CORPORATION                    | 855244109 | 03/12/2025     | Approve, on an advisory, nonbinding basis, the compensation of our named executive officers.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |            853 |                0 | FOR         |                                      853 | FOR                         |  |
| SYSCO CORPORATION                        | 871829107 | 11/15/2024     | To approve, by advisory vote, the compensation paid to Sysco's named executive officers, as disclosed in Sysco's 2024 proxy statement.                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           1066 |                0 | FOR         |                                     1066 | FOR                         |  |
| T. ROWE PRICE GROUP, INC.                | 74144T108 | 05/08/2025     | Approve, by a non-binding advisory vote, the compensation paid by the Company to its Named Executive Officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |            935 |                0 | FOR         |                                      935 | FOR                         |  |
| TARGET CORPORATION                       | 87612E106 | 06/11/2025     | Company proposal to approve, on an advisory basis, our executive compensation (Say on Pay).                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |            464 |                0 | FOR         |                                      464 | FOR                         |  |
| TE CONNECTIVITY PLC                      | G87052109 | 03/12/2025     | An advisory vote to approve named executive officer compensation.                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |            696 |                0 | FOR         |                                      696 | FOR                         |  |
| THE CIGNA GROUP                          | 125523100 | 04/23/2025     | Advisory approval of executive compensation                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |            234 |                0 | FOR         |                                      234 | FOR                         |  |
| THE COCA-COLA COMPANY                    | 191216100 | 04/30/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |            633 |                0 | FOR         |                                      633 | FOR                         |  |
| THE HANOVER INSURANCE GROUP, INC.        | 410867105 | 05/13/2025     | The advisory approval of the Company's executive compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |            355 |                0 | FOR         |                                      355 | FOR                         |  |
| THE HOME DEPOT, INC.                     | 437076102 | 05/22/2025     | Advisory Vote to Approve Executive Compensation ("Say-on-Pay")                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |            153 |                0 | FOR         |                                      153 | FOR                         |  |
| THE INTERPUBLIC GROUP OF COMPANIES, INC. | 460690100 | 03/18/2025     | IPG Compensation Proposal: Proposal to approve, on a non- binding, advisory basis, certain compensation that may be paid or become payable to IPG's named executive officers that is based on or otherwise relates to the merger. | SECTION 14A SAY-ON-PAY VOTES |           3165 |                0 | FOR         |                                     3165 | FOR                         |  |
| THE J. M. SMUCKER COMPANY                | 832696405 | 08/14/2024     | Advisory approval of the Company's executive compensation.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |            832 |                0 | FOR         |                                      832 | FOR                         |  |
| THE SOUTHERN COMPANY                     | 842587107 | 05/21/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |            795 |                0 | FOR         |                                      795 | FOR                         |  |
| THE TRAVELERS COMPANIES, INC.            | 89417E109 | 05/21/2025     | Non-binding vote to approve executive compensation.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |            462 |                0 | FOR         |                                      462 | FOR                         |  |
| U.S. BANCORP                             | 902973304 | 04/15/2025     | An advisory vote to approve the compensation of our executives disclosed in the proxy statement.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |           2320 |                0 | AGAINST     |                                     2320 | AGAINST                     |  |
| UNION PACIFIC CORPORATION                | 907818108 | 05/08/2025     | Approve, by non-binding vote, the compensation of the Company's Named Executive Officers ("Say on Pay").                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |            278 |                0 | FOR         |                                      278 | FOR                         |  |
| VERIZON COMMUNICATIONS INC.              | 92343V104 | 05/22/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |           2700 |                0 | FOR         |                                     2700 | FOR                         |  |
| WALMART INC.                             | 931142103 | 06/05/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |            813 |                0 | FOR         |                                      813 | FOR                         |  |
| WELLS FARGO  COMPANY                     | 949746101 | 04/29/2025     | Advisory vote to approve executive compensation (Say on Pay).                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |            522 |                0 | FOR         |                                      522 | FOR                         |  |
| WILLIAMS-SONOMA, INC.                    | 969904101 | 06/11/2025     | An advisory vote to approve executive compensation                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |            261 |                0 | FOR         |                                      261 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Goelzer Investment Management, Inc.

**By (Signature):** Brandon Watson

**By (Printed Signature):** Brandon Watson

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

**Date:** 08/07/2025