# EDGAR Filing Document

**Accession Number:** 0000900169
**File Stem:** 0001420506-25-002536
**Filing Date:** 2025-8
**Character Count:** 18043
**Document Hash:** d76b274430e226d4c8b44c0d8e552518
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-25-002536.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001420506-25-002536

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**EFFECTIVENESS DATE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPEECE THORSON CAPITAL GROUP INC
- **CENTRAL INDEX KEY:** 0000900169

**ORGANIZATION NAME:**
- **EIN:** 411701874
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-03607
- **FILM NUMBER:** 251270872

**BUSINESS ADDRESS:**
- **STREET 1:** 601 CARLSON PKWY
- **STREET 2:** SUITE 850
- **CITY:** MINNETONKA
- **STATE:** MN
- **ZIP:** 55305
- **BUSINESS PHONE:** 6123384649

**MAIL ADDRESS:**
- **STREET 1:** 601 CARLSON PKWY
- **STREET 2:** SUITE 850
- **CITY:** MINNETONKA
- **STATE:** MN
- **ZIP:** 55305

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SPEECE LEWIS & THORSON INC
- **DATE OF NAME CHANGE:** 19990322

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

## N-PX: Filer Information

**Filer CIK:** 0000900169

**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:** SPEECE THORSON CAPITAL GROUP INC

**Address:** 601 Carlson Parkway, Minnetonka, MN 55305

**Telephone number:** 6123384649

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-03607

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| STERIS plc                                      | G8473T100 | 08/01/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          41663 |                0 | FOR         |                                    41663 | FOR                         |  |
| The J. M. Smucker Company                       | 832696405 | 08/14/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          71060 |                0 | FOR         |                                    71060 | FOR                         |  |
| Casey's General Stores, Inc.                    | 147528103 | 08/28/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          22182 |                0 | FOR         |                                    22182 | FOR                         |  |
| RPM International Inc.                          | 749685103 | 10/03/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |           4966 |                0 | FOR         |                                     4966 | FOR                         |  |
| RPM International Inc.                          | 749685103 | 10/03/2024     | Approve Omnibus Stock Plan                                     | SECTION 14A SAY-ON-PAY VOTES |         145742 |                0 | FOR         |                                   145742 | FOR                         |  |
| RPM International Inc.                          | 749685103 | 10/03/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         145742 |                0 | FOR         |                                   145742 | FOR                         |  |
| Mueller Water Products, Inc.                    | 624758108 | 02/06/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         383503 |                0 | FOR         |                                   383503 | FOR                         |  |
| Mueller Water Products, Inc.                    | 624758108 | 20/06/2025     | Amend Qualified Employee Stock Purchase Plan                   | SECTION 14A SAY-ON-PAY VOTES |         383503 |                0 | FOR         |                                   383503 | FOR                         |  |
| Mueller Water Products, Inc.                    | 624758108 | 20/06/2025     | Amend Omnibus Stock Plan                                       | SECTION 14A SAY-ON-PAY VOTES |         383503 |                0 | FOR         |                                   383503 | FOR                         |  |
| The Toro Company                                | 891092108 | 03/18/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         132462 |                0 | FOR         |                                   132462 | FOR                         |  |
| Keysight Technologies, Inc.                     | 49338L103 | 03/20/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          48652 |                0 | FOR         |                                    48652 | FOR                         |  |
| Cass Information Systems, Inc.                  | 14808P109 | 04/15/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         205725 |                0 | FOR         |                                   205725 | FOR                         |  |
| M Bank Corporation                              | 55261F104 | 04/15/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          48658 |                0 | FOR         |                                    48658 | FOR                         |  |
| Sonoco Products Company                         | 835495102 | 04/16/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         128530 |                0 | FOR         |                                   128530 | FOR                         |  |
| Northern Trust Corporation                      | 665859104 | 04/22/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          69345 |                0 | FOR         |                                    69345 | FOR                         |  |
| Eaton Corporation plc                           | G29183103 | 04/23/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |            269 |                0 | FOR         |                                      269 | FOR                         |  |
| Winmark Corporation                             | 974250102 | 04/23/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |             34 |                0 | FOR         |                                       34 | FOR                         |  |
| Commerce Bancshares, Inc.                       | 200525103 | 04/25/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         141627 |                0 | FOR         |                                   141627 | FOR                         |  |
| FMC Corporation                                 | 302491303 | 04/29/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         348591 |                0 | FOR         |                                   348591 | FOR                         |  |
| Arrow Electronics, Inc.                         | 042735100 | 05/06/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          91205 |                0 | FOR         |                                    91205 | FOR                         |  |
| AptarGroup, Inc.                                | 038336103 | 05/07/2025     | Amend Omnibus Stock Plan                                       | SECTION 14A SAY-ON-PAY VOTES |          40424 |                0 | FOR         |                                    40424 | FOR                         |  |
| AptarGroup, Inc.                                | 038336103 | 05/07/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          40424 |                0 | FOR         |                                    40424 | FOR                         |  |
| Brown  Brown, Inc.                              | 115236101 | 05/07/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          54539 |                0 | FOR         |                                    54539 | FOR                         |  |
| Brown  Brown, Inc.                              | 115236101 | 05/07/2025     | Amend Omnibus Stock Plan                                       | SECTION 14A SAY-ON-PAY VOTES |          54539 |                0 | FOR         |                                    54539 | FOR                         |  |
| C.H. Robinson Worldwide, Inc.                   | 12541W209 | 05/08/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          72007 |                0 | FOR         |                                    72007 | FOR                         |  |
| C.H. Robinson Worldwide, Inc.                   | 12541W209 | 05/08/2025     | Amend Omnibus Stock Plan                                       | SECTION 14A SAY-ON-PAY VOTES |          72007 |                0 | FOR         |                                    72007 | FOR                         |  |
| Hexcel Corporation                              | 428291108 | 05/08/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         177116 |                0 | FOR         |                                   177116 | FOR                         |  |
| Hexcel Corporation                              | 428291108 | 05/08/2025     | Amend Qualified Employee Stock Purchase Plan                   | SECTION 14A SAY-ON-PAY VOTES |         177116 |                0 | FOR         |                                   177116 | FOR                         |  |
| IDEX Corporation                                | 45167R104 | 05/08/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          36451 |                0 | FOR         |                                    36451 | FOR                         |  |
| Teleflex Incorporated                           | 879369106 | 05/09/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          45391 |                0 | FOR         |                                    45391 | FOR                         |  |
| MSA Safety Incorporated                         | 553498106 | 05/13/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          19250 |                0 | FOR         |                                    19250 | FOR                         |  |
| Werner Enterprises, Inc.                        | 950755108 | 05/13/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         178302 |                0 | FOR         |                                   178302 | FOR                         |  |
| Gentex Corporation                              | 371901109 | 05/15/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         419273 |                0 | FOR         |                                   419273 | FOR                         |  |
| Labcorp Holdings Inc.                           | 504922105 | 05/15/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          30236 |                0 | FOR         |                                    30236 | FOR                         |  |
| Labcorp Holdings Inc.                           | 504922105 | 05/15/2025     | Approve Qualified Employee Stock Purchase Plan                 | SECTION 14A SAY-ON-PAY VOTES |          30236 |                0 | FOR         |                                    30236 | FOR                         |  |
| O'Reilly Automotive, Inc.                       | 67103H107 | 05/15/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |           5842 |                0 | FOR         |                                     5842 | FOR                         |  |
| O'Reilly Automotive, Inc.                       | 67103H107 | 05/15/2025     | Amend Clawback Policy                                          | SECTION 14A SAY-ON-PAY VOTES |           5842 |                0 | AGAINST     |                                     5842 | AGAINST                     |  |
| Tractor Supply Company                          | 892356106 | 05/15/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         149614 |                0 | FOR         |                                   149614 | FOR                         |  |
| Westinghouse Air Brake Technologies Corporation | 929740108 | 05/15/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          45170 |                0 | FOR         |                                    45170 | FOR                         |  |
| MGE Energy, Inc.                                | 55277P104 | 05/20/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          74079 |                0 | FOR         |                                    74079 | FOR                         |  |
| Mohawk Industries, Inc.                         | 608190104 | 05/22/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          56995 |                0 | FOR         |                                    56995 | FOR                         |  |
| White Mountains Insurance Group, Ltd.           | G9618E107 | 05/22/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |           6547 |                0 | FOR         |                                     6547 | FOR                         |  |
| White Mountains Insurance Group, Ltd.           | G9618E107 | 05/22/2025     | Amend Omnibus Stock Plan                                       | SECTION 14A SAY-ON-PAY VOTES |           6547 |                0 | FOR         |                                     6547 | FOR                         |  |
| Zimmer Biomet Holdings, Inc.                    | 98956P102 | 05/29/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         106569 |                0 | FOR         |                                   106569 | FOR                         |  |
| Zimmer Biomet Holdings, Inc.                    | 98956P102 | 05/29/2025     | Amend Omnibus Stock Plan                                       | SECTION 14A SAY-ON-PAY VOTES |         106569 |                0 | FOR         |                                   106569 | FOR                         |  |
| Devon Energy Corporation.                       | 25179M103 | 06/04/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         202633 |                0 | FOR         |                                   202633 | FOR                         |  |
| DaVita Inc.                                     | 23918K108 | 06/05/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          55247 |                0 | FOR         |                                    55247 | FOR                         |  |
| W. R. Berkley Corporation                       | 084423102 | 06/11/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         142359 |                0 | FOR         |                                   142359 | FOR                         |  |
| Matador Resources Company                       | 576485205 | 06/12/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |            690 |                0 | FOR         |                                      690 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** SPEECE THORSON CAPITAL GROUP INC

**By (Signature):** Peter J. Swanson

**By (Printed Signature):** Peter J. Swanson

**By (Title):** Principal, VP

**Date:** 08/28/2025