# EDGAR Filing Document

**Accession Number:** 0001444055
**File Stem:** 0001667731-25-001188
**Filing Date:** 2025-8
**Character Count:** 22952
**Document Hash:** a6dfdafbabbe3f4061125ba911488f70
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001667731-25-001188.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001667731-25-001188

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250821

**EFFECTIVENESS DATE**: 20250821

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JCSD Capital, LLC
- **CENTRAL INDEX KEY:** 0001444055

**ORGANIZATION NAME:**
- **EIN:** 320127991
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16516
- **FILM NUMBER:** 251241609

**BUSINESS ADDRESS:**
- **STREET 1:** 1981 N. BROADWAY BLVD.
- **STREET 2:** SUITE 270
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596
- **BUSINESS PHONE:** 925-838-0760

**MAIL ADDRESS:**
- **STREET 1:** 1981 N. BROADWAY BLVD.
- **STREET 2:** SUITE 270
- **CITY:** WALNUT CREEK
- **STATE:** CA
- **ZIP:** 94596

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

## N-PX: Filer Information

**Filer CIK:** 0001444055

**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:** JCSD Capital, LLC

**Address:** 1981 N. BROADWAY BLVD., WALNUT CREEK, CA 94596

**Telephone number:** 925-954-7207

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 28-16516

**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 First Bancshares, Inc.            | 318916103 | 10/22/2024     | Approve Merger Agreement                                                                                           | EXTRAORDINARY TRANSACTIONS      |          65395 |                0 | For         |                                    65395 | FOR                         |  |
| The First Bancshares, Inc.            | 318916103 | 10/22/2024     | 14A Executive Compensation                                                                                         | SECTION 14A SAY-ON-PAY VOTES    |          65395 |                0 | For         |                                    65395 | FOR                         |  |
| The First Bancshares, Inc.            | 318916103 | 10/22/2024     | Approve Motion to Adjourn Meeting                                                                                  | CORPORATE GOVERNANCE            |          65395 |                0 | For         |                                    65395 | FOR                         |  |
| JSC Kaspi.kz                          | 48581R205 | 11/19/2024     | Approval of the agenda of the Extraordinary General Meeting of shareholders of JSC Kaspi.kz                        | CORPORATE GOVERNANCE            |           3000 |                0 | For         |                                     3000 | FOR                         |  |
| JSC Kaspi.kz                          | 48581R205 | 11/19/2024     | Distribution of dividends on common shares of JSC Kaspi.kz and approval of a dividend ampunt per share             | CAPITAL STRUCTURE               |           3000 |                0 | For         |                                     3000 | FOR                         |  |
| JSC Kaspi.kz                          | 48581R205 | 11/19/2024     | Approval of amended charter of JSC Kaspi.kz                                                                        | CORPORATE GOVERNANCE            |           3000 |                0 | For         |                                     3000 | FOR                         |  |
| JSC Kaspi.kz                          | 48581R205 | 11/19/2024     | Election of the Board Member due to resignation of one of the Board Members                                        | DIRECTOR ELECTIONS              |           3000 |                0 | For         |                                     3000 | FOR                         |  |
| JSC Kaspi.kz                          | 48581R205 | 11/19/2024     | Approval of the amount and terms of remuneration and reimbursement of expenses of the Board Members incurred       | COMPENSATION                    |           3000 |                0 | For         |                                     3000 | FOR                         |  |
| JSC Kaspi.kz                          | 48581R205 | 11/19/2024     | On entering into a major transaction, as a result the value of which is 50 percent or more of the total book value | EXTRAORDINARY TRANSACTIONS      |           3000 |                0 | For         |                                     3000 | FOR                         |  |
| JSC Kaspi.kz                          | 48581R205 | 11/19/2024     | Miscellaneous Corporate Governance                                                                                 | CORPORATE GOVERNANCE            |           3000 |                0 | For         |                                     3000 | NONE                        |  |
| JSC Kaspi.kz                          | 48581R205 | 03/28/2025     | Amend Articles-Board related; approval of the agenda                                                               | CORPORATE GOVERNANCE            |          14200 |                0 | For         |                                    14200 | FOR                         |  |
| JSC Kaspi.kz                          | 48581R205 | 03/28/2025     | Adopt Accounts for Past Year; approval of 2024 annual audited financial statements                                 | AUDIT-RELATED                   |          14200 |                0 | For         |                                    14200 | FOR                         |  |
| JSC Kaspi.kz                          | 48581R205 | 03/28/2025     | Dividends                                                                                                          | CAPITAL STRUCTURE               |          14200 |                0 | For         |                                    14200 | FOR                         |  |
| JSC Kaspi.kz                          | 48581R205 | 03/28/2025     | Approval of Acts; information on shareholders' appeals                                                             | SHAREHOLDER RIGHTS AND DEFENSES |          14200 |                0 | For         |                                    14200 | FOR                         |  |
| JSC Kaspi.kz                          | 48581R205 | 03/28/2025     | Adopt Accounts for Past Year; appointment of external auditor                                                      | AUDIT-RELATED                   |          14200 |                0 | For         |                                    14200 | FOR                         |  |
| JSC Kaspi.kz                          | 48581R205 | 03/28/2025     | S/H Proposal-Corporate Governance                                                                                  | SHAREHOLDER RIGHTS AND DEFENSES |          14200 |                0 | For         |                                    14200 | NONE                        |  |
| JSC Kaspi.kz                          | 48581R205 | 03/28/2025     | Approve Article Amendments                                                                                         | CORPORATE GOVERNANCE            |          14200 |                0 | For         |                                    14200 | NONE                        |  |
| Amerant Bancorp Inc.                  | 023576101 | 05/07/2025     | Election of Directors                                                                                              | DIRECTOR ELECTIONS              |         113860 |                0 | For         |                                   113860 | FOR                         |  |
| Amerant Bancorp Inc.                  | 023576101 | 05/07/2025     | 14A Executive Compensation                                                                                         | SECTION 14A SAY-ON-PAY VOTES    |         113860 |                0 | For         |                                   113860 | FOR                         |  |
| Amerant Bancorp Inc.                  | 023576101 | 05/07/2025     | Ratify Appintment of Independent Auditors                                                                          | AUDIT-RELATED                   |         113860 |                0 | For         |                                   113860 | FOR                         |  |
| The Bank of N.T. Butterfield  Son LTD | G0772R208 | 05/08/2025     | Ratify Appintment of Independent Auditors                                                                          | AUDIT-RELATED                   |          78800 |                0 | For         |                                    78800 | FOR                         |  |
| The Bank of N.T. Butterfield  Son LTD | G0772R208 | 05/08/2025     | Election of Directors                                                                                              | DIRECTOR ELECTIONS              |          78800 |                0 | For         |                                    78800 | FOR                         |  |
| The Bank of N.T. Butterfield  Son LTD | G0772R208 | 05/08/2025     | Amend Articles-Board related                                                                                       | CAPITAL STRUCTURE               |          78800 |                0 | For         |                                    78800 | FOR                         |  |
| Popular, Inc.                         | 733174700 | 05/08/2025     | Election of Directors                                                                                              | DIRECTOR ELECTIONS              |           4169 |                0 | For         |                                     4169 | FOR                         |  |
| Popular, Inc.                         | 733174700 | 05/08/2025     | 14A Executive Compensation                                                                                         | SECTION 14A SAY-ON-PAY VOTES    |           4169 |                0 | For         |                                     4169 | FOR                         |  |
| Popular, Inc.                         | 733174700 | 05/08/2025     | Ratify Appintment of Independent Auditors                                                                          | AUDIT-RELATED                   |           4169 |                0 | For         |                                     4169 | FOR                         |  |
| Annaly Capital Management, Inc.       | 035710839 | 05/14/2025     | Election of Directors                                                                                              | DIRECTOR ELECTIONS              |          50000 |                0 | For         |                                    50000 | FOR                         |  |
| Annaly Capital Management, Inc.       | 035710839 | 05/14/2025     | 14A Executive Compensation                                                                                         | SECTION 14A SAY-ON-PAY VOTES    |          50000 |                0 | For         |                                    50000 | FOR                         |  |
| Annaly Capital Management, Inc.       | 035710839 | 05/14/2025     | Ratify Appintment of Independent Auditors                                                                          | AUDIT-RELATED                   |          50000 |                0 | For         |                                    50000 | FOR                         |  |
| Annaly Capital Management, Inc.       | 035710839 | 05/14/2025     | S/H Proposal-Corporate Governance                                                                                  | SHAREHOLDER RIGHTS AND DEFENSES |          50000 |                0 | Against     |                                    50000 | FOR                         |  |
| Fiserv, Inc.                          | 337738108 | 05/14/2025     | Election of Directors                                                                                              | DIRECTOR ELECTIONS              |             11 |                0 | For         |                                       11 | FOR                         |  |
| Fiserv, Inc.                          | 337738108 | 05/14/2025     | 14A Executive Compensation                                                                                         | SECTION 14A SAY-ON-PAY VOTES    |             11 |                0 | For         |                                       11 | FOR                         |  |
| Fiserv, Inc.                          | 337738108 | 05/14/2025     | Ratify Appintment of Independent Auditors                                                                          | AUDIT-RELATED                   |             11 |                0 | For         |                                       11 | FOR                         |  |
| Fiserv, Inc.                          | 337738108 | 05/14/2025     | S/H Proposal-Corporate Governance                                                                                  | SHAREHOLDER RIGHTS AND DEFENSES |             11 |                0 | Against     |                                       11 | FOR                         |  |
| Eagle Financial Services, Inc.        | 26951R104 | 05/20/2025     | Election of Directors                                                                                              | DIRECTOR ELECTIONS              |          35000 |                0 | For         |                                    35000 | FOR                         |  |
| Eagle Financial Services, Inc.        | 26951R104 | 05/20/2025     | 14A Executive Compensation                                                                                         | SECTION 14A SAY-ON-PAY VOTES    |          35000 |                0 | For         |                                    35000 | FOR                         |  |
| Eagle Financial Services, Inc.        | 26951R104 | 05/20/2025     | 14A Executive Compensation - vote frequency                                                                        | SECTION 14A SAY-ON-PAY VOTES    |          35000 |                0 | 3 years     |                                    35000 | FOR                         |  |
| Eagle Financial Services, Inc.        | 26951R104 | 05/20/2025     | Ratify Appintment of Independent Auditors                                                                          | AUDIT-RELATED                   |          35000 |                0 | For         |                                    35000 | FOR                         |  |
| East West Bancorp, Inc.               | 27579R104 | 05/20/2025     | Election of Directors                                                                                              | DIRECTOR ELECTIONS              |           4488 |                0 | For         |                                     4488 | FOR                         |  |
| East West Bancorp, Inc.               | 27579R104 | 05/20/2025     | 14A Executive Compensation                                                                                         | SECTION 14A SAY-ON-PAY VOTES    |           4488 |                0 | For         |                                     4488 | FOR                         |  |
| East West Bancorp, Inc.               | 27579R104 | 05/20/2025     | Ratify Appintment of Independent Auditors                                                                          | AUDIT-RELATED                   |           4488 |                0 | For         |                                     4488 | FOR                         |  |
| FFB Bancorp                           | 20344D104 | 05/21/2025     | Election of Directors                                                                                              | DIRECTOR ELECTIONS              |         122499 |                0 | For         |                                   122499 | FOR                         |  |
| FFB Bancorp                           | 20344D104 | 05/21/2025     | Ratify Appintment of Independent Auditors                                                                          | SECTION 14A SAY-ON-PAY VOTES    |         122499 |                0 | For         |                                   122499 | FOR                         |  |
| FFB Bancorp                           | 20344D104 | 05/21/2025     | Transact other Business                                                                                            | CORPORATE GOVERNANCE            |         122499 |                0 | For         |                                   122499 | FOR                         |  |
| Coastal Financial Corporation         | 19046P209 | 05/28/2025     | Election of Directors                                                                                              | DIRECTOR ELECTIONS              |         106927 |                0 | For         |                                   106927 | FOR                         |  |
| Coastal Financial Corporation         | 19046P209 | 05/28/2025     | 14A Executive Compensation                                                                                         | SECTION 14A SAY-ON-PAY VOTES    |         106927 |                0 | For         |                                   106927 | FOR                         |  |
| Coastal Financial Corporation         | 19046P209 | 05/28/2025     | Amend Omnibus Stock Option Plan                                                                                    | COMPENSATION                    |         106927 |                0 | For         |                                   106927 | FOR                         |  |
| Coastal Financial Corporation         | 19046P209 | 05/28/2025     | Amend Articles-Board Related                                                                                       | CORPORATE GOVERNANCE            |         106927 |                0 | For         |                                   106927 | FOR                         |  |
| Coastal Financial Corporation         | 19046P209 | 05/28/2025     | Ratify Appintment of Independent Auditors                                                                          | AUDIT-RELATED                   |         106927 |                0 | For         |                                   106927 | FOR                         |  |
| Western Alliance Bancorporation       | 957638109 | 06/11/2025     | Election of Directors                                                                                              | DIRECTOR ELECTIONS              |          13990 |                0 | For         |                                    13990 | FOR                         |  |
| Western Alliance Bancorporation       | 957638109 | 06/11/2025     | 14A Executive Compensation                                                                                         | SECTION 14A SAY-ON-PAY VOTES    |          13990 |                0 | For         |                                    13990 | FOR                         |  |
| Western Alliance Bancorporation       | 957638109 | 06/11/2025     | Ratify Appintment of Independent Auditors                                                                          | AUDIT-RELATED                   |          13990 |                0 | For         |                                    13990 | FOR                         |  |
| Shift4 Payments, Inc.                 | 82452J109 | 06/13/2025     | Election of Directors                                                                                              | DIRECTOR ELECTIONS              |           2713 |                0 | For         |                                     2713 | FOR                         |  |
| Shift4 Payments, Inc.                 | 82452J109 | 06/13/2025     | Ratify Appintment of Independent Auditors                                                                          | AUDIT-RELATED                   |           2713 |                0 | For         |                                     2713 | FOR                         |  |
| Shift4 Payments, Inc.                 | 82452J109 | 06/13/2025     | 14A Executive Compensation                                                                                         | SECTION 14A SAY-ON-PAY VOTES    |           2713 |                0 | For         |                                     2713 | FOR                         |  |
| Southern States Bancshares Inc.       | 843878307 | 06/26/2025     | Approve Merger Agreement                                                                                           | EXTRAORDINARY TRANSACTIONS      |          40848 |                0 | For         |                                    40848 | FOR                         |  |
| Southern States Bancshares Inc.       | 843878307 | 06/26/2025     | Approve Motion to Adjourn Meeting                                                                                  | CORPORATE GOVERNANCE            |          40848 |                0 | For         |                                    40848 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** JCSD Capital, LLC

**By (Signature):** Daniel Tachiera

**By (Printed Signature):** Daniel Tachiera

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

**Date:** 08/20/2025