# EDGAR Filing Document

**Accession Number:** 0001459754
**File Stem:** 0001420506-25-002646
**Filing Date:** 2025-8
**Character Count:** 24143
**Document Hash:** 55056dd8abe358edb2d5cbcef2924c01
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-25-002646.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001420506-25-002646

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wallace Capital Management Inc.
- **CENTRAL INDEX KEY:** 0001459754

**ORGANIZATION NAME:**
- **EIN:** 752981025
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14310
- **FILM NUMBER:** 251280160

**BUSINESS ADDRESS:**
- **STREET 1:** 100 CRESCENT COURT
- **STREET 2:** SUITE 1190
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214-303-0200

**MAIL ADDRESS:**
- **STREET 1:** 100 CRESCENT COURT
- **STREET 2:** SUITE 1190
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

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

## N-PX: Filer Information

**Filer CIK:** 0001459754

**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:** Wallace Capital Management Inc.

**Address:** 100 CRESCENT COURT, DALLAS, TX 75201

**Telephone number:** 214-303-0200

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-14310

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| ABBOTT LABS                  | 002824100 | 4/25/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           6000 |                0 | FOR         |                                     6000 | FOR                         |  |
| ABBVIE INC                   | 00287Y109 | 5/9/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           1786 |                0 | FOR         |                                     1786 | FOR                         |  |
| ACCENTURE PLC IRELAND        | G1151C101 | 2/26/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           1600 |                0 | FOR         |                                     1600 | FOR                         |  |
| AFFILIATED MANAGERS GROUP IN | 008252108 | 5/22/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          67979 |                0 | FOR         |                                    67979 | FOR                         |  |
| ALPHABET INC                 | 02079K107 | 6/6/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          11697 |                0 | FOR         |                                    11697 | FOR                         |  |
| ALTRIA GROUP INC             | 02209S103 | 5/15/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           3650 |                0 | FOR         |                                     3650 | FOR                         |  |
| AMAZON COM INC               | 023135106 | 5/21/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           4850 |                0 | FOR         |                                     4850 | FOR                         |  |
| AMGEN INC                    | 031162100 | 5/23/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |            644 |                0 | FOR         |                                      644 | FOR                         |  |
| AMPHENOL CORP NEW            | 032095101 | 5/15/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           3200 |                0 | FOR         |                                     3200 | FOR                         |  |
| APPLE INC                    | 037833100 | 2/25/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          12309 |                0 | FOR         |                                    12309 | FOR                         |  |
| AUTOMATIC DATA PROCESSING IN | 053015103 | 11/6/2024      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           1790 |                0 | FOR         |                                     1790 | FOR                         |  |
| BANK AMERICA CORP            | 060505104 | 4/22/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           4794 |                0 | FOR         |                                     4794 | FOR                         |  |
| BERKSHIRE HATHAWAY INC DEL   | 084670702 | 5/3/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |         304577 |                0 | FOR         |                                   304577 | FOR                         |  |
| BOOKING HOLDINGS INC         | 09857L108 | 6/3/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |             48 |                0 | FOR         |                                       48 | FOR                         |  |
| BRISTOL-MYERS SQUIBB CO      | 110122108 | 5/6/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           3650 |                0 | FOR         |                                     3650 | FOR                         |  |
| CABLE ONE INC                | 12685J105 | 5/15/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          42574 |                0 | FOR         |                                    42574 | FOR                         |  |
| CHEVRON CORP NEW             | 166764100 | 5/28/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           8229 |                0 | FOR         |                                     8229 | FOR                         |  |
| CLARUS CORP NEW              | 18270P109 | 5/29/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          24456 |                0 | FOR         |                                    24456 | FOR                         |  |
| CLOROX CO DEL                | 189054109 | 11/20/2024     | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          10054 |                0 | FOR         |                                    10054 | FOR                         |  |
| CNH INDL N V                 | N20944109 | 5/12/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          15000 |                0 | FOR         |                                    15000 | FOR                         |  |
| CNX RES CORP                 | 12653C108 | 4/24/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |         430978 |                0 | FOR         |                                   430978 | FOR                         |  |
| COCA COLA CO                 | 191216100 | 4/30/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          78100 |                0 | FOR         |                                    78100 | FOR                         |  |
| COLGATE PALMOLIVE CO         | 194162103 | 5/9/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          12540 |                0 | FOR         |                                    12540 | FOR                         |  |
| CRAWFORD  CO                 | 224633206 | 5/3/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          25500 |                0 | FOR         |                                    25500 | FOR                         |  |
| CROWN CRAFTS INC             | 228309100 | 8/12/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          12500 |                0 | FOR         |                                    12500 | FOR                         |  |
| DRIL-QUIP INC                | 262037104 | 5/13/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |         124923 |                0 | FOR         |                                   124923 | FOR                         |  |
| ELI LILLY  CO                | 532457108 | 5/5/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           1005 |                0 | FOR         |                                     1005 | FOR                         |  |
| ENBRIDGE INC                 | 29250N105 | 5/7/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          12096 |                0 | FOR         |                                    12096 | FOR                         |  |
| EQUITY COMWLTH               | 294628102 | 11/12/2024     | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |         475818 |                0 | FOR         |                                   475818 | FOR                         |  |
| EXXON MOBIL CORP             | 30231G102 | 5/28/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           9616 |                0 | FOR         |                                     9616 | FOR                         |  |
| GARTNER INC                  | 366651107 | 5/29/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           1000 |                0 | FOR         |                                     1000 | FOR                         |  |
| GENERAL MLS INC              | 370334104 | 9/24/2024      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           9050 |                0 | FOR         |                                     9050 | FOR                         |  |
| GOLDMAN SACHS GROUP INC      | 38141G104 | 4/23/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |            461 |                0 | FOR         |                                      461 | FOR                         |  |
| GRAHAM HLDGS CO              | 384637104 | 5/6/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |         165278 |                0 | FOR         |                                   165278 | FOR                         |  |
| HALEON PLC                   | 405552100 | 5/28/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          75648 |                0 | FOR         |                                    75648 | FOR                         |  |
| HERSHEY CO                   | 427866108 | 5/6/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          10770 |                0 | FOR         |                                    10770 | FOR                         |  |
| HINGHAM INSTN SVGS MASS      | 433323102 | 4/30/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |            900 |                0 | FOR         |                                      900 | FOR                         |  |
| INNOVEX INTERNATIONAL INC    | 457651107 | 5/14/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          80161 |                0 | FOR         |                                    80161 | FOR                         |  |
| INVESTORS TITLE CO NC        | 461804106 | 5/21/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           6642 |                0 | FOR         |                                     6642 | FOR                         |  |
| JOHNSON  JOHNSON             | 478160104 | 4/24/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |         133340 |                0 | FOR         |                                   133340 | FOR                         |  |
| JOHNSON OUTDOORS INC         | 479167108 | 1/3/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |         308233 |                0 | FOR         |                                   308233 | FOR                         |  |
| JPMORGAN CHASE  CO.          | 46625H100 | 5/20/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           2495 |                0 | FOR         |                                     2495 | FOR                         |  |
| KELLANOVA                    | 487836108 | 5/1/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           2668 |                0 | FOR         |                                     2668 | FOR                         |  |
| KIMBERLY-CLARK CORP          | 494368103 | 5/1/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           1490 |                0 | FOR         |                                     1490 | FOR                         |  |
| KKR  CO INC                  | 48251W104 | 1/10/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           1513 |                0 | FOR         |                                     1513 | FOR                         |  |
| KRAFT HEINZ CO               | 500754106 | 5/2/2024       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          30224 |                0 | FOR         |                                    30224 | FOR                         |  |
| LIBERTY BROADBAND CORP       | 530307305 | 5/12/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |         108542 |                0 | FOR         |                                   108542 | FOR                         |  |
| LIBERTY GLOBAL LTD           | G61188101 | 5/27/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |        2215750 |                0 | FOR         |                                  2215750 | FOR                         |  |
| LIBERTY MEDIA CORP DEL       | 531229789 | 3/24/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          13778 |                0 | FOR         |                                    13778 | FOR                         |  |
| LOEWS CORP                   | 540424108 | 5/30/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |         269504 |                0 | FOR         |                                   269504 | FOR                         |  |
| MARSH  MCLENNAN COS INC      | 571748102 | 5/15/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           1960 |                0 | FOR         |                                     1960 | FOR                         |  |
| MASTERCARD INCORPORATED      | 57636Q104 | 6/24/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           2528 |                0 | FOR         |                                     2528 | FOR                         |  |
| MCDONALDS CORP               | 580135101 | 5/20/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           1568 |                0 | FOR         |                                     1568 | FOR                         |  |
| MERCK  CO INC                | 58933Y105 | 5/27/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          18920 |                0 | FOR         |                                    18920 | FOR                         |  |
| MERCURY GENL CORP NEW        | 589400100 | 5/15/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          57236 |                0 | FOR         |                                    57236 | FOR                         |  |
| META PLATFORMS INC           | 30303M102 | 5/28/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |            500 |                0 | FOR         |                                      500 | FOR                         |  |
| MICROSOFT CORP               | 594918104 | 12/10/2024     | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           3262 |                0 | FOR         |                                     3262 | FOR                         |  |
| MOHAWK INDS INC              | 608190104 | 5/22/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          58982 |                0 | FOR         |                                    58982 | FOR                         |  |
| MOLSON COORS BEVERAGE CO     | 60871R209 | 5/14/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |         221718 |                0 | FOR         |                                   221718 | FOR                         |  |
| MONDELEZ INTL INC            | 609207105 | 5/21/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          37081 |                0 | FOR         |                                    37081 | FOR                         |  |
| NATIONAL PRESTO INDS INC     | 637215104 | 5/20/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          31447 |                0 | FOR         |                                    31447 | FOR                         |  |
| NIKE INC                     | 654106103 | 9/10/2024      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           3000 |                0 | FOR         |                                     3000 | FOR                         |  |
| ORGANON  CO                  | 68622V106 | 5/1/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          10260 |                0 | FOR         |                                    10260 | FOR                         |  |
| PEPSICO INC                  | 713448108 | 5/7/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           2531 |                0 | FOR         |                                     2531 | FOR                         |  |
| PFIZER INC                   | 717081103 | 4/24/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           8412 |                0 | FOR         |                                     8412 | FOR                         |  |
| PHILIP MORRIS INTL INC       | 718172109 | 5/7/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           3904 |                0 | FOR         |                                     3904 | FOR                         |  |
| PIPER SANDLER COMPANIES      | 724078100 | 5/22/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           2188 |                0 | FOR         |                                     2188 | FOR                         |  |
| POST HLDGS INC               | 737446104 | 1/30/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |         129346 |                0 | FOR         |                                   129346 | FOR                         |  |
| PROCTER AND GAMBLE CO        | 742718109 | 10/8/2024      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          27305 |                0 | FOR         |                                    27305 | FOR                         |  |
| PROGRESSIVE CORP             | 743315103 | 5/6/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           1240 |                0 | FOR         |                                     1240 | FOR                         |  |
| REPUBLIC SVCS INC            | 760759100 | 5/19/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          94906 |                0 | FOR         |                                    94906 | FOR                         |  |
| SEABOARD CORP DEL            | 811543107 | 4/28/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           7684 |                0 | FOR         |                                     7684 | FOR                         |  |
| SERITAGE GROWTH PPTYS        | 81752R100 | 6/10/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          50072 |                0 | FOR         |                                    50072 | FOR                         |  |
| SIRIUSXM HOLDINGS INC        | 829933100 | 5/28/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          66589 |                0 | FOR         |                                    66589 | FOR                         |  |
| SMUCKER J M CO               | 832696405 | 8/13/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           2135 |                0 | FOR         |                                     2135 | FOR                         |  |
| SUNRISE COMMUNICATIONS AG    | 867975104 | 5/13/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |         441313 |                0 | FOR         |                                   441313 | FOR                         |  |
| SYSCO CORP                   | 871829107 | 11/15/2024     | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           2580 |                0 | FOR         |                                     2580 | FOR                         |  |
| THERMO FISHER SCIENTIFIC INC | 883556102 | 5/21/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |            505 |                0 | FOR         |                                      505 | FOR                         |  |
| TOAST INC                    | 888787108 | 6/13/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           7092 |                0 | FOR         |                                     7092 | FOR                         |  |
| TRIPADVISOR INC              | 896945201 | 6/18/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |         415511 |                0 | FOR         |                                   415511 | FOR                         |  |
| UNILEVER PLC                 | 904767704 | 4/30/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |         286379 |                0 | FOR         |                                   286379 | FOR                         |  |
| UNITEDHEALTH GROUP INC       | 91324P102 | 6/2/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           2119 |                0 | FOR         |                                     2119 | FOR                         |  |
| VISA INC                     | 92826C839 | 1/28/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           3647 |                0 | FOR         |                                     3647 | FOR                         |  |
| VODAFONE GROUP PLC NEW       | 92857W308 | 7/29/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          13500 |                0 | FOR         |                                    13500 | FOR                         |  |
| WELLS FARGO CO NEW           | 949746101 | 4/29/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           5268 |                0 | FOR         |                                     5268 | FOR                         |  |
| WESTWOOD HLDGS GROUP INC     | 961765104 | 5/1/2024       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          10159 |                0 | FOR         |                                    10159 | FOR                         |  |
| WHITE MTNS INS GROUP LTD     | G9618E107 | 6/6/2025       | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |          80158 |                0 | FOR         |                                    80158 | FOR                         |  |
| ZOETIS INC                   | 98978V103 | 5/21/2025      | Say on Pay         | SECTION 14A SAY-ON-PAY VOTES |           3872 |                0 | FOR         |                                     3872 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Wallace Capital Management Inc.

**By (Signature):** Blake H. Estess

**By (Printed Signature):** Blake H. Estess

**By (Title):** CHIEF COMPLIANCE OFFICER

**Date:** 08/29/2025