# EDGAR Filing Document

**Accession Number:** 0001299910
**File Stem:** 0001528621-25-000818
**Filing Date:** 2025-8
**Character Count:** 73699
**Document Hash:** 9f3c11f5f0d005f4d722f807ca8af075
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001528621-25-000818.hdr.sgml**: 20250804

**ACCESSION NUMBER**: 0001528621-25-000818

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250804

**EFFECTIVENESS DATE**: 20250804

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Skylands Capital, LLC
- **CENTRAL INDEX KEY:** 0001299910

**ORGANIZATION NAME:**
- **EIN:** 200775613
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10937
- **FILM NUMBER:** 251180750

**BUSINESS ADDRESS:**
- **STREET 1:** 1200 NORTH MAYFAIR ROAD
- **STREET 2:** SUITE 250
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53226
- **BUSINESS PHONE:** 414-256-3380

**MAIL ADDRESS:**
- **STREET 1:** 1200 NORTH MAYFAIR ROAD
- **STREET 2:** SUITE 250
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53226

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

## N-PX: Filer Information

**Filer CIK:** 0001299910

**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:** Skylands Capital, LLC

**Address:** 1200 N. Mayfair Rd. Suite 250, Milwaukee, WI 53226

**Telephone number:** 414-256-3380

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 801-71522

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|:---|:---|:---|
| Quest Resource Holding Corporation              | 74836W203 | 07/08/2024     | To provide a non-binding advisory vote on the compensation of our named executive officers for fiscal 2023, or say-on-pay.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 246174           |                0 | FOR         | 246174.000000                            | FOR                         |  |
| Hibbett, Inc.                                   | 428567101 | 07/19/2024     | To approve, by non-binding, advisory vote, the compensation that will or may become payable to Hibbett's named executive officers that is based on or otherwise relates to the Merger Agreement and the transactions contemplated by the Merger Agreement; and | SECTION 14A SAY-ON-PAY VOTES |  79519           |                0 | FOR         | 79519.000000                             | FOR                         |  |
| Columbus McKinnon Corporation                   | 199333105 | 07/22/2024     | To approve, on a non-binding, advisory basis, the compensation of our Named Executive Officers;                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 236196           |                0 | FOR         | 236196.000000                            | FOR                         |  |
| Eagle Materials Inc.                            | 26969P108 | 08/01/2024     | Advisory resolution to approve the compensation of our named executive officers.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  43030           |                0 | FOR         | 43030.000000                             | FOR                         |  |
| Electronic Arts Inc.                            | 285512109 | 08/01/2024     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |   3700           |                0 | FOR         | 3700.000000                              | FOR                         |  |
| EnerSys                                         | 29275Y102 | 08/01/2024     | An advisory vote to approve the compensation of EnerSys' named executive officers.                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |  86030           |                0 | FOR         | 86030.000000                             | FOR                         |  |
| Crown Crafts, Inc.                              | 228309100 | 08/13/2024     | Approval, on an advisory basis, of the compensation of the Company's named executive officers.                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 210017           |                0 | FOR         | 210017.000000                            | FOR                         |  |
| Stericycle, Inc.                                | 858912108 | 08/14/2024     | To approve on a non-binding, advisory basis, certain compensation that will or may become payable to Stericycle, Inc.'s named executive officers in connection with the transactions contemplated by the Merger Agreement.                                     | SECTION 14A SAY-ON-PAY VOTES |  24100           |                0 | FOR         | 24100.000000                             | FOR                         |  |
| Boot Barn Holdings, Inc.                        | 099406100 | 08/28/2024     | To vote on a non-binding advisory resolution to approve the compensation paid to named executive officers for fiscal 2024 ("say-on-pay").                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |  18570           |                0 | FOR         | 18570.000000                             | FOR                         |  |
| FedEx Corporation                               | 31428X106 | 09/23/2024     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |   7450           |                0 | FOR         | 7450.000000                              | FOR                         |  |
| Twin Disc, Incorporated                         | 901476101 | 10/31/2024     | Advisory Vote to Approve the Compensation of the Corporation's Named Executive Officers.                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |  13000           |                0 | FOR         | 13000.000000                             | FOR                         |  |
| Coherent Corp.                                  | 19247G107 | 11/14/2024     | Non-binding advisory vote to approve compensation paid to named executive officers in fiscal year 2024.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 145625           |                0 | FOR         | 145625.000000                            | FOR                         |  |
| Performance Food Group Company                  | 71377A103 | 11/20/2024     | To approve, in a non-binding advisory vote, the compensation paid to our named executive officers.                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |     44           |                0 | FOR         | 44.000000                                | 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 |    745           |                0 | FOR         | 745.000000                               | FOR                         |  |
| OSI Systems, Inc.                               | 671044105 | 12/12/2024     | Advisory vote to approve the Company's named executive officer compensation for the fiscal year ended June 30, 2024.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  20758           |                0 | FOR         | 20758.000000                             | FOR                         |  |
| Arch Resources, Inc.                            | 03940R107 | 01/09/2025     | To approve, on a non-binding, advisory basis, certain compensation that may be paid or become payable to the Company's named executive officers that is based on or otherwise relates to the Merger.                                                           | SECTION 14A SAY-ON-PAY VOTES | 165959           |                0 | FOR         | 165959.000000                            | FOR                         |  |
| The Greenbrier Companies, Inc.                  | 393657101 | 01/09/2025     | Advisory Approval of the compensation of the Company's named executive officers.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  40700           |                0 | FOR         | 40700.000000                             | FOR                         |  |
| Pure Cycle Corporation                          | 746228303 | 01/15/2025     | Approval on an advisory basis, of compensation of the Company's named executive officers.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |   5388           |                0 | FOR         | 5388.000000                              | FOR                         |  |
| Visa Inc.                                       | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |  42965           |                0 | FOR         | 42965.000000                             | FOR                         |  |
| Hillenbrand, Inc.                               | 431571108 | 02/18/2025     | To approve, by a non-binding advisory vote, the compensation paid by the Company to its Named Executive Officers.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |   5250           |                0 | FOR         | 5250.000000                              | FOR                         |  |
| Matthews International Corporation              | 577128101 | 02/20/2025     | To provide an advisory (non-binding) vote on the executive compensation of the Company's named executive officers; and                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |  57000           |                0 | FOR         | 57000.000000                             | FOR                         |  |
| Matthews International Corporation              | 577128101 | 02/20/2025     | The Company's proposal to provide an advisory (non-binding) vote on the executive compensation of the Company's named executive officers.                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Raymond James Financial, Inc.                   | 754730109 | 02/20/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |   3292           |                0 | FOR         | 3292.000000                              | FOR                         |  |
| Apple Inc.                                      | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 135055           |                0 | FOR         | 135055.000000                            | FOR                         |  |
| Clearfield, Inc.                                | 18482P103 | 02/27/2025     | Approve, on a non-binding advisory basis, the compensation paid to named executive officers.                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |   9569           |                0 | FOR         | 9569.000000                              | FOR                         |  |
| Johnson Outdoors Inc.                           | 479167108 | 02/27/2025     | To approve a non-binding advisory proposal on executive compensation.                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 117495           |                0 | FOR         | 117495.000000                            | FOR                         |  |
| Nordson Corporation                             | 655663102 | 03/04/2025     | To approve, on an advisory basis, the compensation of our named executive officers;                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |    575           |                0 | FOR         | 575.000000                               | FOR                         |  |
| Compass Minerals International, Inc.            | 20451N101 | 03/06/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  89900           |                0 | AGAINST     | 89900.000000                             | AGAINST                     |  |
| TransDigm Group Incorporated                    | 893641100 | 03/06/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |    430           |                0 | FOR         | 430.000000                               | FOR                         |  |
| The Walt Disney Company                         | 254687106 | 03/20/2025     | Consideration of an advisory vote to approve executive compensation.                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  14925           |                0 | FOR         | 14925.000000                             | FOR                         |  |
| Photronics, Inc.                                | 719405102 | 04/02/2025     | To approve by non-binding advisory vote, the compensation of our named executive officers.                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 143086           |                0 | FOR         | 143086.000000                            | FOR                         |  |
| Schlumberger N.V.                               | 806857108 | 04/02/2025     | Advisory approval of our executive compensation.                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  64650           |                0 | FOR         | 64650.000000                             | FOR                         |  |
| Owens Corning                                   | 690742101 | 04/15/2025     | To approve, on an advisory basis, our named executive officer compensation.                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  88175           |                0 | FOR         | 88175.000000                             | 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 |    400           |                0 | FOR         | 400.000000                               | 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 |  65425           |                0 | FOR         | 65425.000000                             | FOR                         |  |
| Churchill Downs Incorporated                    | 171484108 | 04/22/2025     | To approve, on a non-binding advisory basis, the Company's executive compensation as disclosed in the proxy statement.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |   1050           |                0 | FOR         | 1050.000000                              | FOR                         |  |
| Bloomin' Brands, Inc.                           | 094235108 | 04/23/2025     | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |  50439           |                0 | FOR         | 50439.000000                             | FOR                         |  |
| Bloomin' Brands, Inc.                           | 094235108 | 04/23/2025     | To approve, on a non-binding advisory basis, the frequency of holding future votes regarding executive compensation                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |  50439           |                0 | ONE YEAR    | 50439.000000                             | FOR                         |  |
| Warrior Met Coal, Inc.                          | 93627C101 | 04/23/2025     | MANAGEMENT PROPOSAL: To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |   8369           |                0 | FOR         | 8369.000000                              | FOR                         |  |
| Lincoln Electric Holdings, Inc.                 | 533900106 | 04/24/2025     | To approve, on an advisory basis, the compensation of our named executive officers (NEOs).                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |  19260           |                0 | FOR         | 19260.000000                             | FOR                         |  |
| Astec Industries, Inc.                          | 046224101 | 04/25/2025     | to approve, on a non-binding, advisory basis, the compensation of our named executive officers;                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |   5522           |                0 | FOR         | 5522.000000                              | FOR                         |  |
| GATX Corporation                                | 361448103 | 04/25/2025     | ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |   2480           |                0 | FOR         | 2480.000000                              | FOR                         |  |
| Citigroup Inc.                                  | 172967424 | 04/29/2025     | Advisory vote to approve our 2024 Executive Compensation.                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 136575           |                0 | FOR         | 136575.000000                            | FOR                         |  |
| Core Natural Resources, Inc.                    | 218937100 | 04/29/2025     | Approval, on an Advisory Basis, of the Compensation Paid to Core Natural Resources, Inc.'s Named Executive Officers in 2024.                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |  65096           |                0 | FOR         | 65096.000000                             | FOR                         |  |
| FMC Corporation                                 | 302491303 | 04/29/2025     | Approval, by non-binding vote, of executive compensation.                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 374963           |                0 | FOR         | 374963.000000                            | FOR                         |  |
| Kirby Corporation                               | 497266106 | 04/29/2025     | Advisory vote on the approval of the compensation of Kirby's named executive officers.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |  35300           |                0 | FOR         | 35300.000000                             | FOR                         |  |
| The Williams Companies, Inc.                    | 969457100 | 04/29/2025     | Approve, on an Advisory Basis, the Compensation of our Named Executive Officers.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 143075           |                0 | FOR         | 143075.000000                            | FOR                         |  |
| Aspen Aerogels, Inc.                            | 04523Y105 | 04/30/2025     | Approval of the compensation of Aspen Aerogels, Inc.'s named executive officers, as disclosed in its Proxy Statement for the 2025 Annual Meeting.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |  24800           |                0 | FOR         | 24800.000000                             | FOR                         |  |
| Diebold Nixdorf, Incorporated                   | 253651202 | 04/30/2025     | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 482533           |                0 | FOR         | 482533.000000                            | FOR                         |  |
| Glacier Bancorp, Inc.                           | 37637Q105 | 04/30/2025     | To vote on an advisory (non-binding) resolution to approve the compensation of the Company's named executive officers.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |   2375           |                0 | FOR         | 2375.000000                              | FOR                         |  |
| Nature's Sunshine Products, Inc.                | 639027101 | 04/30/2025     | To vote on an advisory, non-binding resolution to approve the compensation of our named executive officers;                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 361700           |                0 | FOR         | 361700.000000                            | FOR                         |  |
| Newmont Corporation                             | 651639106 | 04/30/2025     | Approval of the advisory resolution on Newmont's executive compensation.                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |  62350           |                0 | FOR         | 62350.000000                             | FOR                         |  |
| 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 |   2400           |                0 | FOR         | 2400.000000                              | FOR                         |  |
| RTX Corporation                                 | 75513E101 | 05/01/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |  51390           |                0 | FOR         | 51390.000000                             | FOR                         |  |
| BWX Technologies, Inc.                          | 05605H100 | 05/02/2025     | Advisory vote on compensation of our Named Executive Officers.                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |   2750           |                0 | FOR         | 2750.000000                              | FOR                         |  |
| Occidental Petroleum Corporation                | 674599105 | 05/02/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 118594           |                0 | FOR         | 118594.000000                            | FOR                         |  |
| Smurfit WestRock Plc                            | G8267P108 | 05/02/2025     | Approve, in a non-binding, advisory vote, the compensation of the Company's named executive officers.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |   2867           |                0 | FOR         | 2867.000000                              | FOR                         |  |
| Smurfit WestRock Plc                            | G8267P108 | 05/02/2025     | Approve, in a non-binding, advisory vote, the frequency of future non-binding, advisory votes to approve named executive officer compensation.                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |   2867           |                0 | ONE YEAR    | 2867.000000                              | FOR                         |  |
| The Timken Company                              | 887389104 | 05/02/2025     | Approval, on an advisory basis, of our named executive officer compensation.                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |  23900           |                0 | FOR         | 23900.000000                             | 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 | 149150           |                0 | FOR         | 149150.000000                            | FOR                         |  |
| Cboe Global Markets, Inc.                       | 12503M108 | 05/06/2025     | Approve, in a non-binding resolution, the compensation paid to our executive officers.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |   9000           |                0 | FOR         | 9000.000000                              | FOR                         |  |
| Oshkosh Corporation                             | 688239201 | 05/06/2025     | Approval, by advisory vote, of the compensation of the Company's named executive officers.                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 156911           |                0 | FOR         | 156911.000000                            | FOR                         |  |
| Valero Energy Corporation                       | 91913Y100 | 05/06/2025     | Advisory vote to approve the 2024 compensation of named executive officers.                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |   7477           |                0 | FOR         | 7477.000000                              | FOR                         |  |
| Brunswick Corporation                           | 117043109 | 05/07/2025     | Advisory vote to approve the compensation of our Named Executive Officers.                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |  16368           |                0 | FOR         | 16368.000000                             | 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 |  69925           |                0 | FOR         | 69925.000000                             | FOR                         |  |
| CSX Corporation                                 | 126408103 | 05/07/2025     | Advisory (non-binding) resolution to approve compensation for the Company's named executive officers.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 276975           |                0 | FOR         | 276975.000000                            | FOR                         |  |
| General Dynamics Corporation                    | 369550108 | 05/07/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |    725           |                0 | FOR         | 725.000000                               | FOR                         |  |
| LKQ Corporation                                 | 501889208 | 05/07/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  47000           |                0 | FOR         | 47000.000000                             | 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 |   1937           |                0 | FOR         | 1937.000000                              | FOR                         |  |
| Adeia Inc.                                      | 00676P107 | 05/08/2025     | To hold an advisory vote to approve the compensation of the Company's named executive officers; and                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 225000           |                0 | FOR         | 225000.000000                            | FOR                         |  |
| Archer-Daniels-Midland Company                  | 039483102 | 05/08/2025     | Advisory Vote on Executive Compensation.                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |  52786           |                0 | FOR         | 52786.000000                             | FOR                         |  |
| CME Group Inc.                                  | 12572Q105 | 05/08/2025     | Advisory vote on the compensation of our named executive officers.                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |   1600           |                0 | FOR         | 1600.000000                              | FOR                         |  |
| Koppers Holdings Inc.                           | 50060P106 | 05/08/2025     | PROPOSAL TO APPROVE AN ADVISORY RESOLUTION ON OUR NAMED EXECUTIVE OFFICER COMPENSATION                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |  36400           |                0 | FOR         | 36400.000000                             | FOR                         |  |
| Norfolk Southern Corporation                    | 655844108 | 05/08/2025     | Approval of the advisory resolution on executive compensation, as disclosed in the proxy statement for the 2025 Annual Meeting of Shareholders.                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |  61610           |                0 | FOR         | 61610.000000                             | FOR                         |  |
| 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 | 224925           |                0 | FOR         | 224925.000000                            | FOR                         |  |
| United Parcel Service, Inc.                     | 911312106 | 05/08/2025     | To approve on an advisory basis named executive officer compensation.                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |  50145           |                0 | FOR         | 50145.000000                             | FOR                         |  |
| American Tower Corporation                      | 03027X100 | 05/14/2025     | To approve, on an advisory basis, the Company's executive compensation.                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |  47350           |                0 | FOR         | 47350.000000                             | FOR                         |  |
| Denny's Corporation                             | 24869P104 | 05/14/2025     | An advisory resolution to approve the executive compensation of the Company.                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 623175           |                0 | FOR         | 623175.000000                            | FOR                         |  |
| GE Vernova, Inc.                                | 36828A101 | 05/14/2025     | Approve the compensation of our named executives officers in an advisory vote                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |    500           |                0 | FOR         | 500.000000                               | FOR                         |  |
| GE Vernova, Inc.                                | 36828A101 | 05/14/2025     | Approve the frequency of future advisory votes on named executive officers compensation in an advisory vote                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |    500           |                0 | ONE YEAR    | 500.000000                               | FOR                         |  |
| Harley-Davidson, Inc.                           | 412822108 | 05/14/2025     | To approve, by advisory vote, the compensation of our Named Executive Officers.                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |  28200           |                0 | FOR         | 28200.000000                             | FOR                         |  |
| Harley-Davidson, Inc.                           | 412822108 | 05/14/2025     | To vote on the Company's proposal to approve, by advisory vote, the company of the Company's Named Executive Officers.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      0           |                0 |  |  |  |  |
| Iridium Communications Inc.                     | 46269C102 | 05/14/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |  73670           |                0 | FOR         | 73670.000000                             | FOR                         |  |
| Minerals Technologies Inc.                      | 603158106 | 05/14/2025     | Advisory vote to approve 2024 named executive officer compensation.                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 116755           |                0 | FOR         | 116755.000000                            | FOR                         |  |
| Molson Coors Beverage Company                   | 60871R209 | 05/14/2025     | To approve, in a non-binding advisory vote, the compensation of Molson Coors Beverage Company's named executive officers.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |  18375           |                0 | FOR         | 18375.000000                             | 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 |    825           |                0 | FOR         | 825.000000                               | FOR                         |  |
| Martin Marietta Materials, Inc.                 | 573284106 | 05/15/2025     | Approval, by a non-binding advisory vote, of the compensation of Martin Marietta Materials, Inc.'s named executive officers.                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |   3250           |                0 | FOR         | 3250.000000                              | FOR                         |  |
| NPK International Inc.                          | 651718504 | 05/15/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 242049           |                0 | FOR         | 242049.000000                            | FOR                         |  |
| ON Semiconductor Corporation                    | 682189105 | 05/15/2025     | Advisory vote to approve the compensation of our named executive officers (Say-on-Pay).                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |  78920           |                0 | FOR         | 78920.000000                             | FOR                         |  |
| Westinghouse Air Brake Technologies Corporation | 929740108 | 05/15/2025     | Approve an advisory (non-binding) resolution to approve the 2024 named executive officer compensation.                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |  60250           |                0 | FOR         | 60250.000000                             | FOR                         |  |
| Elanco Animal Health Incorporated               | 28414H103 | 05/16/2025     | Advisory vote on the compensation of the company's named executive officers.                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 550150           |                0 | FOR         | 550150.000000                            | FOR                         |  |
| Elanco Animal Health Incorporated               | 28414H103 | 05/16/2025     | Advisory vote on the frequency with which shareholders vote on the compensation of the company's named executive officers.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 550150           |                0 | ONE YEAR    | 550150.000000                            | 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 |    100           |                0 | FOR         | 100.000000                               | FOR                         |  |
| ACCO Brands Corporation                         | 00081T108 | 05/20/2025     | Approval, by non-binding advisory vote, of the compensation of our named executive officers.                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |  34740           |                0 | FOR         | 34740.000000                             | FOR                         |  |
| Everus Construction Group, Inc.                 | 300426103 | 05/20/2025     | Advisory Vote to Approve the Frequency of Future Advisory Votes to Approve the Compensation Paid to the Company's Named Executive Officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  10800           |                0 | ONE YEAR    | 10800.000000                             | FOR                         |  |
| Everus Construction Group, Inc.                 | 300426103 | 05/20/2025     | Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |  10800           |                0 | FOR         | 10800.000000                             | FOR                         |  |
| JPMorgan Chase  Co.                             | 46625H100 | 05/20/2025     | Advisory resolution to approve executive compensation                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |  35285           |                0 | FOR         | 35285.000000                             | FOR                         |  |
| McDonald's Corporation                          | 580135101 | 05/20/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |    650           |                0 | FOR         | 650.000000                               | FOR                         |  |
| QuidelOrtho Corporation                         | 219798105 | 05/20/2025     | Approval of, on an advisory basis, the compensation of QuidelOrtho's named executive officers.                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |  83850           |                0 | FOR         | 83850.000000                             | FOR                         |  |
| Targa Resources Corp.                           | 87612G101 | 05/20/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers for the fiscal year ended December 31, 2024.                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |    900           |                0 | FOR         | 900.000000                               | FOR                         |  |
| Align Technology, Inc.                          | 016255101 | 05/21/2025     | Advisory Vote to Approve the Compensation of our Named Executive Officers                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |   5000           |                0 | FOR         | 5000.000000                              | FOR                         |  |
| Amazon.com, Inc.                                | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |  15675           |                0 | FOR         | 15675.000000                             | FOR                         |  |
| Crown Castle Inc.                               | 22822V101 | 05/21/2025     | The non-binding, advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 244155           |                0 | FOR         | 244155.000000                            | FOR                         |  |
| Graphic Packaging Holding Company               | 388689101 | 05/21/2025     | Approval of compensation paid to Named Executive Officers (Say-on-Pay).                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 200000           |                0 | FOR         | 200000.000000                            | FOR                         |  |
| Halliburton Company                             | 406216101 | 05/21/2025     | Advisory Approval of Executive Compensation.                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 159400           |                0 | FOR         | 159400.000000                            | FOR                         |  |
| SS Technologies Holdings, Inc.                  | 78467J100 | 05/21/2025     | To approve, on an advisory basis, the compensation of SS's named executive officers.                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  72325           |                0 | FOR         | 72325.000000                             | FOR                         |  |
| The Joint Corp.                                 | 47973J102 | 05/21/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 752728           |                0 | FOR         | 752728.000000                            | FOR                         |  |
| The Charles Schwab Corporation                  | 808513105 | 05/22/2025     | Advisory approval of named executive officer compensation                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |  24000           |                0 | FOR         | 24000.000000                             | FOR                         |  |
| The Home Depot, Inc.                            | 437076102 | 05/22/2025     | Advisory Vote to Approve Executive Compensation ("Say-on-Pay")                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |    100           |                0 | FOR         | 100.000000                               | FOR                         |  |
| WESCO International, Inc.                       | 95082P105 | 05/22/2025     | Approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |  10100           |                0 | FOR         | 10100.000000                             | FOR                         |  |
| AudioEye, Inc.                                  | 050734201 | 05/23/2025     | To approve, by non-binding advisory vote, the compensation of AudioEye, Inc.'s named executive officers.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |  80150           |                0 | FOR         | 80150.000000                             | FOR                         |  |
| AudioEye, Inc.                                  | 050734201 | 05/23/2025     | To vote, on a non-binding advisory basis, on the frequency of future advisory votes on executive compensation.                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |  80150           |                0 | ONE YEAR    | 80150.000000                             | FOR                         |  |
| SBA Communications Corporation                  | 78410G104 | 05/23/2025     | Approval, on an advisory basis, of the compensation of SBA's named executive officers.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |  51375           |                0 | FOR         | 51375.000000                             | FOR                         |  |
| Vontier Corporation                             | 928881101 | 05/27/2025     | To approve, on an advisory basis, Vontier's named executive officer compensation as disclosed in the Proxy Statement.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |  60000           |                0 | FOR         | 60000.000000                             | FOR                         |  |
| Exxon Mobil Corporation                         | 30231G102 | 05/28/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |   8791           |                0 | FOR         | 8791.000000                              | FOR                         |  |
| GE Healthcare Technologies, Inc.                | 36266G107 | 05/28/2025     | Approval of our named executive officers' compensation in an advisory vote.                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 111893           |                0 | FOR         | 111893.000000                            | 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 |   6995           |                0 | FOR         | 6995.000000                              | FOR                         |  |
| 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 |   6995           |                0 | THREE YEARS | 6995.000000                              | FOR                         |  |
| Sportsman's Warehouse Holdings, Inc.            | 84920Y106 | 05/28/2025     | Approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the Proxy Statement.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 384000           |                0 | FOR         | 384000.000000                            | FOR                         |  |
| Zimmer Biomet Holdings, Inc.                    | 98956P102 | 05/29/2025     | Approve, on a non-binding advisory basis, named executive officer compensation ("Say on Pay").                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |   8536           |                0 | FOR         | 8536.000000                              | FOR                         |  |
| Asure Software, Inc.                            | 04649U102 | 06/02/2025     | To approve, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 119500           |                0 | FOR         | 119500.000000                            | FOR                         |  |
| Asure Software, Inc.                            | 04649U102 | 06/02/2025     | To provide an advisory vote regarding the frequency of advisory votes of the compensation of named executive officers                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 119500           |                0 | THREE YEARS | 119500.000000                            | FOR                         |  |
| General Motors Company                          | 37045V100 | 06/03/2025     | Advisory Approval of Named Executive Officer Compensation                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 545225           |                0 | FOR         | 545225.000000                            | FOR                         |  |
| Hillman Solutions Corp.                         | 431636109 | 06/03/2025     | Approve, by non-binding vote, the compensation of our named executive officers;                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |  65154           |                0 | FOR         | 65154.000000                             | FOR                         |  |
| Super Micro Computer, Inc.                      | 86800U302 | 06/04/2025     | To approve, on a non-binding advisory basis, the compensation of the named executive officers as disclosed in the proxy statement.                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |   3300           |                0 | FOR         | 3300.000000                              | FOR                         |  |
| Casella Waste Systems, Inc.                     | 147448104 | 06/05/2025     | To approve, in an advisory "say-on-pay" vote, the compensation of the Company's named executive officers.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |    275           |                0 | FOR         | 275.000000                               | FOR                         |  |
| WillScot Holdings Corporation                   | 971378104 | 06/06/2025     | To approve, on an advisory and non-binding basis, the compensation of the named executive officers of WillScot Holdings Corporation.                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |  37700           |                0 | FOR         | 37700.000000                             | FOR                         |  |
| Grand Canyon Education, Inc.                    | 38526M106 | 06/10/2025     | To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the Proxy Statement.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |  22180           |                0 | FOR         | 22180.000000                             | FOR                         |  |
| MP Materials Corp.                              | 553368101 | 06/10/2025     | Advisory vote to approve compensation paid to the Company's named executive officers.                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |  41071           |                0 | FOR         | 41071.000000                             | FOR                         |  |
| The Lovesac Company                             | 54738L109 | 06/10/2025     | To provide advisory approval of the Company's fiscal 2025 compensation for its named executive officers.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |  70944           |                0 | AGAINST     | 70944.000000                             | AGAINST                     |  |
| 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 |    400           |                0 | FOR         | 400.000000                               | FOR                         |  |
| Ulta Beauty, Inc.                               | 90384S303 | 06/11/2025     | Advisory resolution to approve the Company's executive compensation.                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |   4950           |                0 | FOR         | 4950.000000                              | FOR                         |  |
| CytoSorbents Corporation                        | 23283X206 | 06/12/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers, disclosed pursuant to Item 402 of Regulation S-K.                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      2.95282e+06 |                0 | FOR         | 2952815.000000                           | FOR                         |  |
| Exact Sciences Corporation                      | 30063P105 | 06/12/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |   1331           |                0 | FOR         | 1331.000000                              | FOR                         |  |
| Generac Holdings Inc.                           | 368736104 | 06/12/2025     | Advisory vote on the non-binding "say-on-pay" resolution to approve the compensation of our executive officers                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |  34606           |                0 | FOR         | 34606.000000                             | FOR                         |  |
| Mobileye Global Inc.                            | 60741F104 | 06/12/2025     | Advisory vote on executive compensation.                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |   6138           |                0 | FOR         | 6138.000000                              | FOR                         |  |
| TETRA Technologies, Inc.                        | 88162F105 | 06/12/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  47800           |                0 | FOR         | 47800.000000                             | FOR                         |  |
| Thryv Holdings, Inc.                            | 886029206 | 06/12/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |  37500           |                0 | FOR         | 37500.000000                             | FOR                         |  |
| Best Buy Co., Inc.                              | 086516101 | 06/13/2025     | To approve in a non-binding advisory vote our named executive officer compensation                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |  12650           |                0 | FOR         | 12650.000000                             | FOR                         |  |
| National Vision Holdings, Inc.                  | 63845R107 | 06/18/2025     | Advisory vote to approve the compensation of the named executive officers ("Say-on-Pay").                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |  64245           |                0 | FOR         | 64245.000000                             | FOR                         |  |
| Mastercard Incorporated                         | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |   1165           |                0 | FOR         | 1165.000000                              | FOR                         |  |
| NVIDIA Corporation                              | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |   2400           |                0 | FOR         | 2400.000000                              | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Skylands Capital, LLC

**By (Signature):** Virginia Shaffar

**By (Printed Signature):** Virginia Shaffar

**By (Title):** Vice President  Treasurer

**Date:** 07/21/2025