# EDGAR Filing Document

**Accession Number:** 0001401342
**File Stem:** 0001401342-25-000006
**Filing Date:** 2025-8
**Character Count:** 36582
**Document Hash:** cd841033a72599acaebee0a2ceeb020d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001401342-25-000006.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001401342-25-000006

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**EFFECTIVENESS DATE**: 20250827

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** North Country Investment Advisers, Inc.
- **CENTRAL INDEX KEY:** 0001401342

**ORGANIZATION NAME:**
- **EIN:** 141830177
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12534
- **FILM NUMBER:** 251260527

**BUSINESS ADDRESS:**
- **STREET 1:** 250 GLEN STREET
- **CITY:** GLENS FALLS
- **STATE:** NY
- **ZIP:** 12801
- **BUSINESS PHONE:** 518-745-1000

**MAIL ADDRESS:**
- **STREET 1:** 250 GLEN STREET
- **CITY:** GLENS FALLS
- **STATE:** NY
- **ZIP:** 12801

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

## N-PX: Filer Information

**Filer CIK:** 0001401342

**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:** North Country Investment Advisers, Inc.

**Address:** 250 Glen Street, Glens Falls, NY 12801

**Telephone number:** 518-415-4540

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-12534

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|:---|:---|:---|
| Snowflake Inc.                      | 833445109 | 07/02/2024     | To approve, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           2500 |                0 | FOR         | 2500.000000                              | FOR                         |  |
| The Procter  Gamble Company         | 742718109 | 10/08/2024     | Advisory Vote to Approve the Company's Executive Compensation (the "Say on Pay" vote)                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          12125 |                0 | FOR         | 12125.000000                             | FOR                         |  |
| Oracle Corporation                  | 68389X105 | 11/14/2024     | Advisory Vote to Approve the Compensation of our Named Executive Officers                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          11000 |                0 | AGAINST     | 11000.000000                             | AGAINST                     |  |
| Sysco Corporation                   | 871829107 | 11/15/2024     | To approve, by advisory vote, the compensation paid to Sysco's named executive officers, as disclosed in Sysco's 2024 proxy statement.                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |           7500 |                0 | FOR         | 7500.000000                              | 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 |          21500 |                0 | FOR         | 21500.000000                             | FOR                         |  |
| Palo Alto Networks, Inc.            | 697435105 | 12/10/2024     | To approve, on an advisory basis, the frequency of holding future advisory votes on named executive officer compensation.                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |           1600 |                0 | ONE YEAR    | 1600.000000                              | FOR                         |  |
| Palo Alto Networks, Inc.            | 697435105 | 12/10/2024     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           1600 |                0 | AGAINST     | 1600.000000                              | AGAINST                     |  |
| Air Products and Chemicals, Inc.    | 009158106 | 01/23/2025     | Advisory Vote Approving the Compensation of the Company's Executive Officers.                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| Air Products and Chemicals, Inc.    | 009158106 | 01/23/2025     | An advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |           2700 |                0 | FOR         | 2700.000000                              | NONE                        |  |
| Costco Wholesale Corporation        | 22160K105 | 01/23/2025     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |           1400 |                0 | FOR         | 1400.000000                              | 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 |           5700 |                0 | FOR         | 5700.000000                              | FOR                         |  |
| Apple Inc.                          | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          40200 |                0 | FOR         | 40200.000000                             | FOR                         |  |
| The Walt Disney Company             | 254687106 | 03/20/2025     | Consideration of an advisory vote to approve executive compensation.                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           6300 |                0 | FOR         | 6300.000000                              | FOR                         |  |
| Lennar Corporation                  | 526057104 | 04/09/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| The Sherwin-Williams Company        | 824348106 | 04/16/2025     | Advisory approval of the compensation of the named executive officers.                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |
| Adobe Inc.                          | 00724F101 | 04/22/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |           4400 |                0 | FOR         | 4400.000000                              | 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 |          55500 |                0 | AGAINST     | 55500.000000                             | AGAINST                     |  |
| The Goldman Sachs Group, Inc.       | 38141G104 | 04/23/2025     | Advisory Vote to Approve Executive Compensation (Say on Pay)                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |           2600 |                0 | AGAINST     | 2600.000000                              | AGAINST                     |  |
| Johnson  Johnson                    | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           9500 |                0 | FOR         | 9500.000000                              | FOR                         |  |
| Abbott Laboratories                 | 002824100 | 04/25/2025     | Say on Pay - An Advisory Vote on the Approval of Executive Compensation                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          13000 |                0 | FOR         | 13000.000000                             | 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 |          34400 |                0 | FOR         | 34400.000000                             | FOR                         |  |
| Eli Lilly and Company               | 532457108 | 05/05/2025     | Approval, on an advisory basis, of the compensation paid to the company's named executive officers.                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           3400 |                0 | FOR         | 3400.000000                              | FOR                         |  |
| Danaher Corporation                 | 235851102 | 05/06/2025     | To approve on an advisory basis the Company's named executive officer compensation.                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |           3800 |                0 | FOR         | 3800.000000                              | FOR                         |  |
| The Hershey Company                 | 427866108 | 05/06/2025     | Approve named executive officer compensation on a non-binding advisory basis.                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           2600 |                0 | AGAINST     | 2600.000000                              | AGAINST                     |  |
| PepsiCo, Inc.                       | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |           7000 |                0 | FOR         | 7000.000000                              | FOR                         |  |
| Public Storage                      | 74460D109 | 05/07/2025     | Advisory vote to approve the compensation of the Company's Named Executive Officers.                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           1900 |                0 | FOR         | 1900.000000                              | FOR                         |  |
| Capital One Financial Corporation   | 14040H105 | 05/08/2025     | Advisory vote on our Named Executive Officer compensation ("Say on Pay").                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |           6800 |                0 | FOR         | 6800.000000                              | FOR                         |  |
| Ecolab Inc.                         | 278865100 | 05/08/2025     | Approve, on an advisory basis, the compensation of our named executive officers disclosed in the Proxy Statement.                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           1500 |                0 | FOR         | 1500.000000                              | FOR                         |  |
| Stryker Corporation                 | 863667101 | 05/08/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           4300 |                0 | FOR         | 4300.000000                              | FOR                         |  |
| Masco Corporation                   | 574599106 | 05/09/2025     | To approve, by non-binding advisory vote, the compensation paid to the Company's named executive officers, as disclosed pursuant to the compensation disclosure rules of the SEC, including the Compensation Discussion and Analysis, the compensation tables and the related materials disclosed in the Proxy Statement. | SECTION 14A SAY-ON-PAY VOTES |          27500 |                0 | FOR         | 27500.000000                             | FOR                         |  |
| Teradyne, Inc.                      | 880770102 | 05/09/2025     | To approve, on a non-binding, advisory basis, the 2024 compensation of the Company's named executive officers.                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           5000 |                0 | FOR         | 5000.000000                              | FOR                         |  |
| Vulcan Materials Company            | 929160109 | 05/09/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           1100 |                0 | FOR         | 1100.000000                              | FOR                         |  |
| Waste Management, Inc.              | 94106L109 | 05/13/2025     | Approval, on an advisory basis, of our executive compensation.                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           8000 |                0 | FOR         | 8000.000000                              | 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 |           2350 |                0 | FOR         | 2350.000000                              | FOR                         |  |
| American Water Works Company, Inc.  | 030420103 | 05/14/2025     | Approval, on an advisory basis, of the compensation of the Company's named executive officers.                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           3000 |                0 | FOR         | 3000.000000                              | FOR                         |  |
| Vertex Pharmaceuticals Incorporated | 92532F100 | 05/14/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           2200 |                0 | FOR         | 2200.000000                              | FOR                         |  |
| Amphenol Corporation                | 032095101 | 05/15/2025     | Advisory vote to approve compensation of named executive officers                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          26000 |                0 | FOR         | 26000.000000                             | 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 |           2200 |                0 | AGAINST     | 2200.000000                              | AGAINST                     |  |
| Morgan Stanley                      | 617446448 | 05/15/2025     | To approve the compensation of executives as disclosed in the proxy statement (non-binding advisory vote)                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          11300 |                0 | FOR         | 11300.000000                             | 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 |          11350 |                0 | FOR         | 11350.000000                             | FOR                         |  |
| Honeywell International Inc.        | 438516106 | 05/20/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |           9000 |                0 | FOR         | 9000.000000                              | FOR                         |  |
| JPMorgan Chase  Co.                 | 46625H100 | 05/20/2025     | Advisory resolution to approve executive compensation                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          12500 |                0 | FOR         | 12500.000000                             | FOR                         |  |
| McDonald's Corporation              | 580135101 | 05/20/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |           2600 |                0 | FOR         | 2600.000000                              | FOR                         |  |
| Amazon.com, Inc.                    | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          25300 |                0 | AGAINST     | 25300.000000                             | AGAINST                     |  |
| The Southern Company                | 842587107 | 05/21/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           9150 |                0 | FOR         | 9150.000000                              | FOR                         |  |
| Thermo Fisher Scientific Inc.       | 883556102 | 05/21/2025     | An advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           3100 |                0 | AGAINST     | 3100.000000                              | AGAINST                     |  |
| NextEra Energy, Inc.                | 65339F101 | 05/22/2025     | Approval, by non-binding advisory vote, of NextEra Energy's compensation of its named executive officers as disclosed in the proxy statement.                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           5500 |                0 | FOR         | 5500.000000                              | FOR                         |  |
| The Home Depot, Inc.                | 437076102 | 05/22/2025     | Advisory Vote to Approve Executive Compensation ("Say-on-Pay")                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           7800 |                0 | FOR         | 7800.000000                              | FOR                         |  |
| Amgen Inc.                          | 031162100 | 05/23/2025     | Advisory vote to approve our executive compensation.                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |           4700 |                0 | FOR         | 4700.000000                              | FOR                         |  |
| Chevron Corporation                 | 166764100 | 05/28/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           6600 |                0 | FOR         | 6600.000000                              | FOR                         |  |
| Exxon Mobil Corporation             | 30231G102 | 05/28/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           8200 |                0 | FOR         | 8200.000000                              | 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 |           5500 |                0 | AGAINST     | 5500.000000                              | AGAINST                     |  |
| Meta Platforms, Inc.                | 30303M102 | 05/28/2025     | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years.                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |           5500 |                0 | ONE YEAR    | 5500.000000                              | AGAINST                     |  |
| UnitedHealth Group Incorporated     | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |           3200 |                0 | AGAINST     | 3200.000000                              | AGAINST                     |  |
| Netflix, Inc.                       | 64110L106 | 06/05/2025     | Advisory approval of named executive officer compensation.                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |           1700 |                0 | FOR         | 1700.000000                              | FOR                         |  |
| Salesforce, Inc.                    | 79466L302 | 06/05/2025     | Approval, on an advisory basis, of the fiscal 2025 compensation of our named executive officers.                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |           9900 |                0 | FOR         | 9900.000000                              | FOR                         |  |
| Walmart Inc.                        | 931142103 | 06/05/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          28200 |                0 | FOR         | 28200.000000                             | FOR                         |  |
| Digital Realty Trust, Inc.          | 253868103 | 06/06/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers, as more fully described in the accompanying Proxy Statement (Say-on-Pay).                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          12300 |                0 | FOR         | 12300.000000                             | FOR                         |  |
| The TJX Companies, Inc.             | 872540109 | 06/10/2025     | Advisory approval of TJX's executive compensation (the say-on-pay vote)                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          10600 |                0 | FOR         | 10600.000000                             | FOR                         |  |
| Caterpillar, Inc.                   | 149123101 | 06/11/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |           6300 |                0 | FOR         | 6300.000000                              | FOR                         |  |
| Ingersoll Rand Inc.                 | 45687V106 | 06/12/2025     | Non-binding vote to approve executive compensation.                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          14300 |                0 | FOR         | 14300.000000                             | FOR                         |  |
| NVIDIA Corporation                  | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |              0 |                0 |  |  |  |  |

## N-PX: Signature Block

**Reporting Person:** North Country Investment Advisers, Inc.

**By (Signature):** Michael G. Mihaly

**By (Printed Signature):** Michael G. Mihaly

**By (Title):** President

**Date:** 08/20/2025