# EDGAR Filing Document

**Accession Number:** 0001575662
**File Stem:** 0001021408-25-004452
**Filing Date:** 2025-8
**Character Count:** 5769
**Document Hash:** fa826252d64422017be7ef0c78b2d91d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001021408-25-004452.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001021408-25-004452

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lionstone Capital Management LLC
- **CENTRAL INDEX KEY:** 0001575662

**ORGANIZATION NAME:**
- **EIN:** 202925104
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15483
- **FILM NUMBER:** 251278607

**BUSINESS ADDRESS:**
- **STREET 1:** 745 FIFTH AVENUE
- **STREET 2:** 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10151
- **BUSINESS PHONE:** 212-207-8001

**MAIL ADDRESS:**
- **STREET 1:** 745 FIFTH AVENUE
- **STREET 2:** 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10151

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

## N-PX: Filer Information

**Filer CIK:** 0001575662

**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:** Lionstone Capital Management LLC

**Address:** 745 FIFTH AVENUE, NEW YORK, NY 10151

**Telephone number:** 212-207-8001

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-15483

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Ferguson Enterprises Inc. | 31488V107 | 12/5/2024      | To approve, on an advisory basis, the fiscal 2024 compensation of the Company's Named Executive Officers.                                                   | SECTION 14A SAY-ON-PAY VOTES |         161048 |                0 | FOR         |                                   161048 | FOR                         |  |
| Ferguson Enterprises Inc. | 31488V107 | 12/5/2024      | To approve, on an advisory basis, the frequency of future shareholder advisory votes to approve the compensation of the Company's Named Executive Officers. | SECTION 14A SAY-ON-PAY VOTES |         161048 |                0 | 1 YEAR      |                                   161048 | FOR                         |  |
| Copart, Inc.              | 217204106 | 12/6/2024      | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers for the fiscal year ended July 31, 2024                    | SECTION 14A SAY-ON-PAY VOTES |         776300 |                0 | FOR         |                                   776300 | FOR                         |  |
| S Global Inc.             | 78409V104 | 05/7/2025      | Approve, on an advisory basis, the executive compensation program for the Company's named executive officers, as described in the Proxy Statement           | SECTION 14A SAY-ON-PAY VOTES |          84000 |                0 | FOR         |                                    84000 | FOR                         |  |
| APi Group Corporation     | 00187Y100 | 05/16/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                         | SECTION 14A SAY-ON-PAY VOTES |        2089800 |                0 | FOR         |                                  2089800 | FOR                         |  |
| Amazon.com, Inc.          | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         334500 |                0 | FOR         |                                   334500 | FOR                         |  |
| Lowe's Companies, Inc.    | 548661107 | 05/30/2025     | Advisory vote to approve the Company's named executive officer compensation in fiscal 2024.                                                                 | SECTION 14A SAY-ON-PAY VOTES |          55950 |                0 | FOR         |                                    55950 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Lionstone Capital Management LLC

**By (Signature):** Leon Lowenstein

**By (Printed Signature):** Leon Lowenstein

**By (Title):** Managing Member

**Date:** 08/29/2025