# EDGAR Filing Document

**Accession Number:** 0001904893
**File Stem:** 0001904893-25-000004
**Filing Date:** 2025-8
**Character Count:** 20999
**Document Hash:** bceb1e7e9459ca4fc83bc9d93bb84750
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001904893-25-000004.hdr.sgml**: 20250812

**ACCESSION NUMBER**: 0001904893-25-000004

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250812

**EFFECTIVENESS DATE**: 20250812

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PineStone Asset Management Inc.
- **CENTRAL INDEX KEY:** 0001904893

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23078
- **FILM NUMBER:** 251205889

**BUSINESS ADDRESS:**
- **STREET 1:** 1981 MCGILL COLLEGE AVENUE
- **STREET 2:** SUITE 1600
- **CITY:** MONTREAL
- **STATE:** A8
- **ZIP:** H3A2Y1
- **BUSINESS PHONE:** 4387930358

**MAIL ADDRESS:**
- **STREET 1:** 1981 MCGILL COLLEGE AVENUE
- **STREET 2:** SUITE 1600
- **CITY:** MONTREAL
- **STATE:** A8
- **ZIP:** H3A2Y1

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** StonePine Asset Management Inc.
- **DATE OF NAME CHANGE:** 20220114

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

## N-PX: Filer Information

**Filer CIK:** 0001904893

**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:** PineStone Asset Management Inc.

**Address:** 1600-1981 McGill College Ave., Montreal, A8 H3A 2Y1

**Telephone number:** (438) 793-0444

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-23078

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 254900N10VI2LALV9C66

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|:---|:---|:---|
| Linde Plc                         | G54950103 | 07/30/2024     | To approve, on an advisory and non-binding basis, the compensation of Linde plc's Named Executive Officers, as disclosed in the 2024 Proxy statement.                 | SECTION 14A SAY-ON-PAY VOTES | 411936           |                0 | FOR         | 411936.000000                            | FOR                         |  |
| NIKE, Inc.                        | 654106103 | 09/10/2024     | To approve executive compensation by an advisory vote.                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      1.58786e+06 |                0 | AGAINST     | 1587857.000000                           | AGAINST                     |  |
| Inter Parfums, Inc.               | 458334109 | 09/17/2024     | To vote for the advisory resolution to approve executive compensation.                                                                                                | SECTION 14A SAY-ON-PAY VOTES |  93384           |                0 | FOR         | 93384.000000                             | FOR                         |  |
| Houlihan Lokey, Inc.              | 441593100 | 09/18/2024     | To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the accompanying Proxy Statement;                                  | SECTION 14A SAY-ON-PAY VOTES |  75195           |                0 | FOR         | 75195.000000                             | FOR                         |  |
| Houlihan Lokey, Inc.              | 441593100 | 09/18/2024     | To approve, on an advisory basis, the frequency (every one, two or three years) of future advisory votes to approve the compensation of our named executive officers; | SECTION 14A SAY-ON-PAY VOTES |  75195           |                0 | ONE YEAR    | 75195.000000                             | FOR                         |  |
| Oracle Corporation                | 68389X105 | 11/14/2024     | Advisory Vote to Approve the Compensation of our Named Executive Officers                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      2.43044e+06 |                0 | FOR         | 2430440.000000                           | FOR                         |  |
| Donaldson Company, Inc.           | 257651109 | 11/22/2024     | Non-binding advisory vote on the compensation of our Named Executive Officers.                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 197061           |                0 | FOR         | 197061.000000                            | FOR                         |  |
| Copart, Inc.                      | 217204106 | 12/06/2024     | 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 | 693700           |                0 | FOR         | 693700.000000                            | 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 |      1.93546e+06 |                0 | FOR         | 1935458.000000                           | FOR                         |  |
| WD-40 Company                     | 929236107 | 12/12/2024     | To hold an advisory vote to approve executive compensation;                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  40700           |                0 | FOR         | 40700.000000                             | FOR                         |  |
| AutoZone, Inc.                    | 053332102 | 12/18/2024     | Approval of an advisory vote on the compensation of named executive officers                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 184048           |                0 | FOR         | 184048.000000                            | FOR                         |  |
| FactSet Research Systems Inc.     | 303075105 | 12/19/2024     | To vote on a non-binding advisory resolution to approve the compensation of our named executive officers.                                                             | SECTION 14A SAY-ON-PAY VOTES | 251438           |                0 | FOR         | 251438.000000                            | FOR                         |  |
| Becton, Dickinson and Company     | 075887109 | 01/28/2025     | Advisory vote to approve named executive officer compensation.                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 794297           |                0 | AGAINST     | 794297.000000                            | AGAINST                     |  |
| Analog Devices, Inc.              | 032654105 | 03/12/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 637122           |                0 | FOR         | 637122.000000                            | FOR                         |  |
| Carrier Global Corporation        | 14448C104 | 04/09/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      4.23038e+06 |                0 | FOR         | 4230381.000000                           | FOR                         |  |
| Moody's Corporation               | 615369105 | 04/15/2025     | Advisory resolution approving executive compensation.                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      1.83325e+06 |                0 | FOR         | 1833252.000000                           | FOR                         |  |
| The Sherwin-Williams Company      | 824348106 | 04/16/2025     | Advisory approval of the compensation of the named executive officers.                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      1.37779e+06 |                0 | FOR         | 1377791.000000                           | FOR                         |  |
| Adobe Inc.                        | 00724F101 | 04/22/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 277892           |                0 | FOR         | 277892.000000                            | FOR                         |  |
| Federal Signal Corporation        | 313855108 | 04/22/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 174884           |                0 | FOR         | 174884.000000                            | FOR                         |  |
| MSCI Inc.                         | 55354G100 | 04/22/2025     | To approve, by advisory vote, our executive compensation.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 746973           |                0 | FOR         | 746973.000000                            | FOR                         |  |
| Johnson  Johnson                  | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      1.95276e+06 |                0 | FOR         | 1952765.000000                           | FOR                         |  |
| Graco Inc.                        | 384109104 | 04/25/2025     | Approval, on an advisory basis, of the compensation paid to our named executive officers as disclosed in the Proxy Statement.                                         | SECTION 14A SAY-ON-PAY VOTES |      3.43537e+06 |                0 | FOR         | 3435372.000000                           | FOR                         |  |
| Mettler-Toledo International Inc. | 592688105 | 05/01/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 220269           |                0 | FOR         | 220269.000000                            | FOR                         |  |
| Simpson Manufacturing Co., Inc.   | 829073105 | 05/06/2025     | Approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                            | SECTION 14A SAY-ON-PAY VOTES |  70100           |                0 | FOR         | 70100.000000                             | FOR                         |  |
| Trex Company, Inc.                | 89531P105 | 05/06/2025     | Non-binding advisory vote on executive compensation ("say-on-pay")                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 199669           |                0 | FOR         | 199669.000000                            | FOR                         |  |
| Floor  Decor Holdings, Inc.       | 339750101 | 05/07/2025     | Approve, by non-binding vote, the compensation paid to the Company's named executive officers for the 2024 fiscal year.                                               | SECTION 14A SAY-ON-PAY VOTES | 112300           |                0 | AGAINST     | 112300.000000                            | AGAINST                     |  |
| PepsiCo, Inc.                     | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      2.29638e+06 |                0 | FOR         | 2296379.000000                           | 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 | 366248           |                0 | FOR         | 366248.000000                            | FOR                         |  |
| CME Group Inc.                    | 12572Q105 | 05/08/2025     | Advisory vote on the compensation of our named executive officers.                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      2.25515e+06 |                0 | FOR         | 2255150.000000                           | FOR                         |  |
| Colgate-Palmolive Company         | 194162103 | 05/09/2025     | Advisory vote on executive compensation.                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |      1.12162e+06 |                0 | FOR         | 1121619.000000                           | FOR                         |  |
| Hilton Worldwide Holdings Inc.    | 43300A203 | 05/14/2025     | Approval, in a non-binding advisory vote, of the compensation paid to the named executive officers.                                                                   | SECTION 14A SAY-ON-PAY VOTES | 551467           |                0 | FOR         | 551467.000000                            | FOR                         |  |
| The Middleby Corporation          | 596278101 | 05/14/2025     | Approval, on an advisory basis, of the compensation of our named executive officers; and                                                                              | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| JBT Marel Corporation             | 477839104 | 05/15/2025     | Approve, on an advisory basis, a non-binding resolution regarding the compensation of the company's named executive officers.                                         | SECTION 14A SAY-ON-PAY VOTES |  91629           |                0 | FOR         | 91629.000000                             | FOR                         |  |
| Otis Worldwide Corporation        | 68902V107 | 05/15/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      3.90885e+06 |                0 | AGAINST     | 3908854.000000                           | AGAINST                     |  |
| Power Integrations, Inc.          | 739276103 | 05/15/2025     | To approve, on an advisory basis, the compensation of Power Integrations' named executive officers, as disclosed in the proxy statement.                              | SECTION 14A SAY-ON-PAY VOTES |  79100           |                0 | FOR         | 79100.000000                             | FOR                         |  |
| Wyndham Hotels  Resorts, Inc.     | 98311A105 | 05/15/2025     | To vote on an advisory resolution to approve our executive compensation program.                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 202750           |                0 | ABSTAIN     | 202750.000000                            | AGAINST                     |  |
| Wyndham Hotels  Resorts, Inc.     | 98311A105 | 05/15/2025     | To vote on an advisory resolution on the frequency of the advisory vote on named executive officer compensation.                                                      | SECTION 14A SAY-ON-PAY VOTES | 202750           |                0 | ONE YEAR    | 202750.000000                            | FOR                         |  |
| Medpace Holdings, Inc.            | 58506Q109 | 05/16/2025     | To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the proxy statement for the 2025 Annual Meeting.                   | SECTION 14A SAY-ON-PAY VOTES |  36300           |                0 | FOR         | 36300.000000                             | FOR                         |  |
| Bruker Corporation                | 116794108 | 05/29/2025     | Approval on an advisory basis of the 2024 compensation of our named executive officers, as discussed in the Proxy Statement.                                          | SECTION 14A SAY-ON-PAY VOTES | 237576           |                0 | FOR         | 237576.000000                            | 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 | 877983           |                0 | FOR         | 877983.000000                            | FOR                         |  |
| UnitedHealth Group Incorporated   | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      1.05725e+06 |                0 | AGAINST     | 1057252.000000                           | AGAINST                     |  |
| Exponent, Inc.                    | 30214U102 | 06/05/2025     | To approve, on an advisory basis, the fiscal 2024 compensation of the Company's named executive officers.                                                             | SECTION 14A SAY-ON-PAY VOTES | 115094           |                0 | FOR         | 115094.000000                            | FOR                         |  |
| The TJX Companies, Inc.           | 872540109 | 06/10/2025     | Advisory approval of TJX's executive compensation (the say-on-pay vote)                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      4.23996e+06 |                0 | FOR         | 4239962.000000                           | FOR                         |  |
| Mastercard Incorporated           | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |      1.37947e+06 |                0 | FOR         | 1379469.000000                           | FOR                         |  |
| Aon Plc                           | G0403H108 | 06/27/2025     | Advisory vote to approve the compensation of the Company's named executive officers.                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 272502           |                0 | FOR         | 272502.000000                            | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** PineStone Asset Management Inc.

**By (Signature):** David Doumani

**By (Printed Signature):** David Doumani

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

**Date:** 08/12/2025