# EDGAR Filing Document

**Accession Number:** 0001009012
**File Stem:** 0001420506-25-002382
**Filing Date:** 2025-8
**Character Count:** 11180
**Document Hash:** f73d2649791b3698d8de524306a72b72
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-25-002382.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001420506-25-002382

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**EFFECTIVENESS DATE**: 20250825

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ZAZOVE ASSOCIATES LLC
- **CENTRAL INDEX KEY:** 0001009012

**ORGANIZATION NAME:**
- **EIN:** 363984373
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05338
- **FILM NUMBER:** 251251110

**BUSINESS ADDRESS:**
- **STREET 1:** 1001 TAHOE BLVD.
- **CITY:** INCLINE VILLAGE
- **STATE:** NV
- **ZIP:** 89451
- **BUSINESS PHONE:** 77529897500

**MAIL ADDRESS:**
- **STREET 1:** 1001 TAHOE BLVD.
- **CITY:** INCLINE VILLAGE
- **STATE:** NV
- **ZIP:** 89451

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

## N-PX: Filer Information

**Filer CIK:** 0001009012

**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:** ZAZOVE ASSOCIATES LLC

**Address:** 1001 TAHOE BLVD., INCLINE VILLAGE, NV 89451

**Telephone number:** 7752987500

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-05338

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** FCPMTJRVS5D8DX0SXH56

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Container Store                     | 210751103 | 8/28/2024      | Approval, advisory vote regarding the compensation of our Named Executive Officers.                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         470410 |                0 | FOR         |                                   470410 | FOR                         |  |
| Urban One                           | 91705J105 | 10/1/2024      | An advisory vote on executive compensation for named executive officers.                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         832009 |                0 | FOR         |                                   832009 | FOR                         |  |
| Urban One                           | 91705J105 | 10/1/2024      | To recommend, by non-binding vote, the frequency of executive compensation votes.                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         832009 |                0 | AGAINST     |                                   832009 | FOR                         |  |
| Urban One                           | 91705J105 | 10/1/2024      | To approve amendment and restatement of the Urban One 2019 Equity and Performance Incentive Plan to (i) correct a typographical error with respect to the duration of options and (ii) increase the number of shares available for issuance.                                                                | SECTION 14A SAY-ON-PAY VOTES |         832009 |                0 | FOR         |                                   832009 | FOR                         |  |
| POLESTAR AUTOMOTIVE HOLDING UK PLC  | 731105102 | 10/7/2024      | Ordinary Resolution: Remuneration of the Chair - To approve a new cash compensation level of USD 500,000 per annum for the new Chair of the Board of Directors.                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          24495 |                0 | FOR         |                                    24495 | FOR                         |  |
| POLESTAR AUTOMOTIVE HOLDING UK PLC  | 731105102 | 10/7/2024      | Ordinary Resolution: Remuneration of the Audit Committee Chair and members - To approve an increase in the cash compensation of the Audit Committee to USD 30,000 per annum for the Audit Committee Chair and USD 15,000 per annum for the members of the Audit Committee, with effect from 1 January 2024. | SECTION 14A SAY-ON-PAY VOTES |          24495 |                0 | FOR         |                                    24495 | FOR                         |  |
| BRAEMAR HOTELS  RESORTS INC.        | 10482B101 | 12/17/2024     | To obtain advisory approval of the Company's executive compensation                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        3408306 |                0 | FOR         |                                  3408306 | FOR                         |  |
| Opko Health, Inc.                   | 68375N103 | 04/23/2025     | The ratification of the appointment of Ernst  Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         143236 |            64364 | FOR         |                                   143236 | FOR                         |  |
| HELIX ENERGY SOLUTIONSGROUP, INC.   | 42330P107 | 05/14/2025     | Advisory vote on the approval of the 2024 compensation of our named executive officers.                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          30400 |                0 | FOR         |                                    30400 | FOR                         |  |
| SUNOPTA INC.                        | 8676EP108 | 05/22/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         558138 |             7862 | FOR         |                                   558138 | FOR                         |  |
| CLEAR CHANNEL OUTDOORHOLDINGS, INC. | 18453H106 | 05/29/2025     | Approval of the advisory (non-binding) resolution on executive compensation                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        2815893 |                0 | FOR         |                                  2815893 | FOR                         |  |
| CUMULUS MEDIA INC.                  | 231082801 | 05/30/2025     | Proposal to approve, on an advisory basis, the compensation paid to the Company's named executive officers.                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        2053566 |                0 | FOR         |                                  2053566 | FOR                         |  |
| HUDSON TECHNOLOGIES, INC.           | 444144109 | 06/11/2025     | To approve, by non-binding advisory vote, named executive officer compensation.                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          77532 |             3769 | FOR         |                                    77532 | FOR                         |  |
| HUDSON TECHNOLOGIES, INC.           | 444144109 | 06/11/2025     | To approve, by non-binding vote, the frequency of future advisory votes on the resolution approving named executive officer compensation.                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          77532 |             3769 | FOR         |                                    77532 | FOR                         |  |
| THE BEAUTY HEALTH COMPANY           | 88331L108 | 06/12/2025     | Approve, on a non-binding, advisory basis, the compensation paid to the Company's named executive officers.                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         184975 |            72730 | FOR         |                                   184975 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** ZAZOVE ASSOCIATES LLC

**By (Signature):** Sam Ginocchio

**By (Printed Signature):** Sam Ginocchio

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

**Date:** 08/25/2025