# EDGAR Filing Document

**Accession Number:** 0001512237
**File Stem:** 0001512237-25-000006
**Filing Date:** 2025-8
**Character Count:** 26436
**Document Hash:** 24fcf8bf12e94d9d8f797aa79ee0c658
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001512237-25-000006.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001512237-25-000006

**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:** Global Endowment Management, LP
- **CENTRAL INDEX KEY:** 0001512237

**ORGANIZATION NAME:**
- **EIN:** 651297607

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14333
- **FILM NUMBER:** 251268337

**BUSINESS ADDRESS:**
- **STREET 1:** 224 W TREMONT AVE
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203
- **BUSINESS PHONE:** 704-333-8282

**MAIL ADDRESS:**
- **STREET 1:** 224 W TREMONT AVE
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203

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

## N-PX: Filer Information

**Filer CIK:** 0001512237

**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:** Global Endowment Management, LP

**Address:** 224 W Tremont Ave, Charlotte, NC 28203

**Telephone number:** 704-333-8282

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-14333

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Microsoft Corporation                | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote")                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           5766 |                0 | FOR         |                                     5766 | FOR                         |  |
| Apple Inc.                           | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          83640 |                0 | FOR         |                                    83640 | FOR                         |  |
| Pfizer Inc.                          | 717081103 | 04/24/2025     | 2025 advisory approval of executive compensation                                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          18790 |                0 | AGAINST     |                                    18790 | AGAINST                     |  |
| Crown Holdings, Inc.                 | 228368106 | 05/01/2025     | Approval by advisory vote of the resolution on executive compensation as described in the Proxy Statement.                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |           9294 |                0 | FOR         |                                     9294 | FOR                         |  |
| Cogent Communications Holdings, Inc. | 19239V302 | 05/07/2025     | Non-Binding Advisory Vote to approve Named Executive Officer Compensation.                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          12926 |                0 | FOR         |                                    12926 | FOR                         |  |
| S Global Inc.                        | 78409V104 | 05/07/2025     | 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 |           2068 |                0 | AGAINST     |                                     2068 | AGAINST                     |  |
| CRH Plc                              | G25508105 | 05/08/2025     | Consideration of Named Executive Officer Compensation for 2024 ("Say-on-Pay")                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          10182 |                0 | FOR         |                                    10182 | FOR                         |  |
| CRH Plc                              | G25508105 | 05/08/2025     | Consideration of Frequency of Future "Say-on-Pay" Votes                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          10182 |                0 | ONE YEAR    |                                    10182 | FOR                         |  |
| Enova International, Inc.            | 29357K103 | 05/14/2025     | A non-binding advisory vote to approve the compensation paid to the Company's named executive officers.                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           8670 |                0 | FOR         |                                     8670 | FOR                         |  |
| Frontier Group Holdings, Inc.        | 35909R108 | 05/15/2025     | To approve, on an advisory (non-binding) basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          84764 |                0 | FOR         |                                    84764 | FOR                         |  |
| Marsh  McLennan Companies, Inc.      | 571748102 | 05/15/2025     | Advisory (Nonbinding) Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |           2317 |                0 | FOR         |                                     2317 | FOR                         |  |
| Intercontinental Exchange, Inc.      | 45866F104 | 05/16/2025     | To approve, by non-binding vote, the advisory resolution on executive compensation for named executive officers.                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           3144 |                0 | FOR         |                                     3144 | FOR                         |  |
| Healthcare Realty Trust Incorporated | 42226K105 | 05/20/2025     | To approve, on a non-binding advisory basis, the following resolution:  RESOLVED, that the stockholders of Healthcare Realty Trust Incorporated approve, on a non-binding advisory basis, the compensation of the Named Executive Officers as disclosed pursuant to Item 402 of Regulation S-K in the Company's proxy statement for the 2025 Annual Meeting of Stockholders. | SECTION 14A SAY-ON-PAY VOTES |          29750 |                0 | FOR         |                                    29750 | FOR                         |  |
| Amazon.com, Inc.                     | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          31128 |                0 | AGAINST     |                                    31128 | AGAINST                     |  |
| Zoetis Inc.                          | 98978V103 | 05/21/2025     | Advisory vote to approve our executive compensation.                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           2940 |                0 | FOR         |                                     2940 | FOR                         |  |
| Garrett Motion Inc.                  | 366505105 | 05/22/2025     | The approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers as disclosed in the Proxy Statement.                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          85237 |                0 | FOR         |                                    85237 | FOR                         |  |
| Garrett Motion Inc.                  | 366505105 | 05/22/2025     | The approval, on an advisory (non-binding) basis, of the frequency of future advisory votes on the compensation of our named executive officers.                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          85237 |                0 | ONE YEAR    |                                    85237 | FOR                         |  |
| Kenvue Inc.                          | 49177J102 | 05/22/2025     | Approve, on a non-binding advisory basis, the compensation of Kenvue Inc.'s named executive officers.                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          23406 |                0 | FOR         |                                    23406 | FOR                         |  |
| Waters Corporation                   | 941848103 | 05/22/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's executive officers; and                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           1209 |                0 | FOR         |                                     1209 | 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 |           8338 |                0 | AGAINST     |                                     8338 | AGAINST                     |  |
| Meta Platforms, Inc.                 | 30303M102 | 05/28/2025     | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years.                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |           8338 |                0 | ONE YEAR    |                                     8338 | AGAINST                     |  |
| Warner Bros. Discovery, Inc.         | 934423104 | 06/02/2025     | To vote on an advisory resolution to approve the 2024 compensation of Warner Bros. Discovery, Inc.'s named executive officers, commonly referred to as a "Say-on-Pay" vote.                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          30688 |                0 | AGAINST     |                                    30688 | AGAINST                     |  |
| Alight, Inc.                         | 01626W101 | 06/04/2025     | To approve, on an advisory (non-binding) basis, the 2024 compensation paid to our named executive officers.                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          37687 |                0 | FOR         |                                    37687 | FOR                         |  |
| Credit Acceptance Corporation        | 225310101 | 06/04/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |           1179 |                0 | FOR         |                                     1179 | FOR                         |  |
| GoDaddy Inc.                         | 380237107 | 06/04/2025     | Company Proposal - Advisory, non-binding vote to approve named executive officer compensation                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |           1267 |                0 | FOR         |                                     1267 | FOR                         |  |
| Oscar Health, Inc.                   | 687793109 | 06/04/2025     | Approval, on an advisory (non-binding) basis, of the compensation of our named executive officers.                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          19429 |                0 | FOR         |                                    19429 | FOR                         |  |
| Salesforce, Inc.                     | 79466L302 | 06/05/2025     | Approval, on an advisory basis, of the fiscal 2025 compensation of our named executive officers.                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |            808 |                0 | FOR         |                                      808 | FOR                         |  |
| Upwork Inc.                          | 91688F104 | 06/05/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          19834 |                0 | FOR         |                                    19834 | FOR                         |  |
| Fortrea Holdings Inc.                | 34965K107 | 06/10/2025     | Approval, on an advisory (non-binding) basis, of the compensation of our named executive officers.                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          65245 |                0 | FOR         |                                    65245 | FOR                         |  |
| Coupang, Inc.                        | 22266T109 | 06/12/2025     | To consider a non-binding vote to approve the compensation of Coupang, Inc.'s named executive officers.                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          21600 |                0 | FOR         |                                    21600 | FOR                         |  |
| AppFolio, Inc.                       | 03783C100 | 06/13/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |           2194 |                0 | FOR         |                                     2194 | FOR                         |  |
| AppFolio, Inc.                       | 03783C100 | 06/13/2025     | Advisory vote on the frequency of future stockholder advisory votes to approve the compensation of our named executive officers.                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           2194 |                0 | ONE YEAR    |                                     2194 | FOR                         |  |
| Shift4 Payments, Inc.                | 82452J109 | 06/13/2025     | Approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |           5830 |                0 | FOR         |                                     5830 | FOR                         |  |
| MercadoLibre, Inc.                   | 58733R102 | 06/17/2025     | To approve, on an advisory basis, the compensation of our named executive officers for fiscal year 2024.                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |            231 |                0 | FOR         |                                      231 | FOR                         |  |
| Autodesk, Inc.                       | 052769106 | 06/18/2025     | Approve, on an advisory (non-binding) basis, the compensation of Autodesk, Inc's named executive officers.                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |            854 |                0 | FOR         |                                      854 | FOR                         |  |
| Hercules Capital, Inc.               | 427096508 | 06/18/2025     | Advisory vote to approve the Company's named executive officer compensation.                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          20000 |                0 | FOR         |                                    20000 | FOR                         |  |
| IAC Inc.                             | 44891N208 | 06/18/2025     | To approve a non-binding advisory vote on IAC's 2024 executive compensation.                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |           7671 |                0 | FOR         |                                     7671 | FOR                         |  |
| Match Group, Inc.                    | 57667L107 | 06/18/2025     | To approve a non-binding advisory resolution on executive compensation.                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           7460 |                0 | FOR         |                                     7460 | FOR                         |  |
| NVIDIA Corporation                   | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          12600 |                0 | FOR         |                                    12600 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Global Endowment Management, LP

**By (Signature):** Michael D. Smith

**By (Printed Signature):** Michael D. Smith

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

**Date:** 08/26/2025