# EDGAR Filing Document

**Accession Number:** 0001454949
**File Stem:** 0001085146-25-003850
**Filing Date:** 2025-7
**Character Count:** 23274
**Document Hash:** 651b1f13f8cb158fada67e19c2b16eb7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-003850.hdr.sgml**: 20250715

**ACCESSION NUMBER**: 0001085146-25-003850

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250715

**EFFECTIVENESS DATE**: 20250715

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Poplar Forest Capital LLC
- **CENTRAL INDEX KEY:** 0001454949

**ORGANIZATION NAME:**
- **EIN:** 260844014
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13350
- **FILM NUMBER:** 251125238

**BUSINESS ADDRESS:**
- **STREET 1:** 3579 E. FOOTHILL BLVD., #402
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91107
- **BUSINESS PHONE:** 626-304-6000

**MAIL ADDRESS:**
- **STREET 1:** 3579 E. FOOTHILL BLVD., #402
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91107

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

## N-PX: Filer Information

**Filer CIK:** 0001454949

**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:** Poplar Forest Capital LLC

**Address:** 3579 E. FOOTHILL BLVD., #402, PASADENA, CA 91107

**Telephone number:** 626-304-6020

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-13350

**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?:**

- [ ] No

- [x] 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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| 3M COMPANY                            | 88579Y101 | 05/13/2025     | Advisory approval of executive compensation.                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           7745 |                0 | FOR         |                                     7745 | 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 |          11557 |                0 | FOR         |                                    11557 | FOR                         |  |
| ABBVIE INC.                           | 00287Y109 | 05/09/2025     | Say on Pay - An advisory vote on the approval of executive compensation                                                                  | SECTION 14A SAY-ON-PAY VOTES |          11452 |                0 | FOR         |                                    11452 | FOR                         |  |
| ALLY FINANCIAL INC.                   | 02005N100 | 05/06/2025     | Advisory vote on executive compensation.                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         118865 |                0 | AGAINST     |                                   118865 | AGAINST                     |  |
| APPLE INC.                            | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                          | SECTION 14A SAY-ON-PAY VOTES |           5067 |                0 | FOR         |                                     5067 | FOR                         |  |
| AT INC.                               | 00206R102 | 05/15/2025     | Advisory Approval of Executive Compensation                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         395848 |                0 | FOR         |                                   395848 | 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 |           5380 |                0 | FOR         |                                     5380 | 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 |          16729 |                0 | FOR         |                                    16729 | FOR                         |  |
| CENCORA, INC.                         | 03073E105 | 03/06/2025     | Advisory vote to approve the fiscal 2024 compensation of Cencora, Inc.'s named executive officers.                                       | SECTION 14A SAY-ON-PAY VOTES |          30316 |                0 | FOR         |                                    30316 | FOR                         |  |
| CHEVRON CORPORATION                   | 166764100 | 05/28/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                            | SECTION 14A SAY-ON-PAY VOTES |          50448 |                0 | FOR         |                                    50448 | FOR                         |  |
| CHUBB LIMITED                         | H1467J104 | 05/15/2025     | Advisory vote to approve executive compensation under U.S. securities law requirements                                                   | SECTION 14A SAY-ON-PAY VOTES |            731 |                0 | FOR         |                                      731 | FOR                         |  |
| CISCO SYSTEMS, INC.                   | 17275R102 | 12/09/2024     | Approval, on an advisory basis, of executive compensation.                                                                               | SECTION 14A SAY-ON-PAY VOTES |            520 |                0 | AGAINST     |                                      520 | AGAINST                     |  |
| CITIGROUP INC.                        | 172967424 | 04/29/2025     | Advisory vote to approve our 2024 Executive Compensation.                                                                                | SECTION 14A SAY-ON-PAY VOTES |         107243 |                0 | FOR         |                                   107243 | FOR                         |  |
| COSTCO WHOLESALE CORPORATION          | 22160K105 | 01/23/2025     | Approval, on an advisory basis, of executive compensation.                                                                               | SECTION 14A SAY-ON-PAY VOTES |            500 |                0 | FOR         |                                      500 | FOR                         |  |
| CVS HEALTH CORPORATION                | 126650100 | 05/15/2025     | Say on Pay, a Proposal to Approve, on an Advisory Basis, the Company's Executive Compensation.                                           | SECTION 14A SAY-ON-PAY VOTES |         159139 |                0 | AGAINST     |                                   159139 | AGAINST                     |  |
| DOLLAR TREE, INC.                     | 256746108 | 06/19/2025     | To approve, by a non-binding advisory vote, the compensation of the Company's named executive officers.                                  | SECTION 14A SAY-ON-PAY VOTES |          66034 |                0 | FOR         |                                    66034 | FOR                         |  |
| DOMINION ENERGY, INC.                 | 25746U109 | 05/07/2025     | Advisory Vote on Approval of Executive Compensation (Say on Pay)                                                                         | SECTION 14A SAY-ON-PAY VOTES |         151188 |                0 | FOR         |                                   151188 | FOR                         |  |
| DOW INC.                              | 260557103 | 04/10/2025     | Advisory Resolution to Approve Executive Compensation                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         140229 |                0 | FOR         |                                   140229 | FOR                         |  |
| EMBASSY BANCORP, INC.                 | 290791102 | 06/18/2025     | To approve an advisory, non-binding resolution regarding executive compensation.                                                         | SECTION 14A SAY-ON-PAY VOTES |            724 |                0 | FOR         |                                      724 | FOR                         |  |
| EMBASSY BANCORP, INC.                 | 290791102 | 06/18/2025     | To approve an advisory, non-binding proposal on the frequency of future advisory votes regarding executive compensation.                 | SECTION 14A SAY-ON-PAY VOTES |            724 |                0 | 1 YEAR      |                                      724 | AGAINST                     |  |
| EMERSON ELECTRIC CO.                  | 291011104 | 02/04/2025     | Approval, by non-binding advisory vote, of Emerson Electric Co. executive compensation.                                                  | SECTION 14A SAY-ON-PAY VOTES |          11616 |                0 | FOR         |                                    11616 | FOR                         |  |
| EQUITABLE HOLDINGS, INC.              | 29452E101 | 05/21/2025     | Advisory vote to approve the compensation paid to our named executive officers.                                                          | SECTION 14A SAY-ON-PAY VOTES |         179779 |                0 | FOR         |                                   179779 | FOR                         |  |
| EQUITABLE HOLDINGS, INC.              | 29452E101 | 05/21/2025     | Advisory vote on the frequency of future advisory votes on executive compensation.                                                       | SECTION 14A SAY-ON-PAY VOTES |         179779 |                0 | 1 YEAR      |                                   179779 | FOR                         |  |
| FEDEX CORPORATION                     | 31428X106 | 09/23/2024     | Advisory vote to approve named executive officer compensation.                                                                           | SECTION 14A SAY-ON-PAY VOTES |          25273 |                0 | FOR         |                                    25273 | FOR                         |  |
| GENUINE PARTS COMPANY                 | 372460105 | 04/28/2025     | Advisory Vote On Executive Compensation                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          32573 |                0 | FOR         |                                    32573 | FOR                         |  |
| GLOBAL PAYMENTS INC.                  | 37940X102 | 04/24/2025     | Approval, on an advisory basis, of the compensation of the company's named executive officers for 2024.                                  | SECTION 14A SAY-ON-PAY VOTES |          51599 |                0 | FOR         |                                    51599 | FOR                         |  |
| GSK PLC                               | 37733W204 | 05/07/2025     | To approve the Annual report on remuneration                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           4657 |                0 | FOR         |                                     4657 | FOR                         |  |
| HUMANA INC.                           | 444859102 | 04/17/2025     | Non-binding advisory vote for the approval of the compensation of the named executive officers as disclosed in the 2025 proxy statement. | SECTION 14A SAY-ON-PAY VOTES |           6751 |                0 | FOR         |                                     6751 | FOR                         |  |
| INTEL CORPORATION                     | 458140100 | 05/06/2025     | Advisory vote on executive compensation (Say-On-Pay).                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         171741 |                0 | AGAINST     |                                   171741 | AGAINST                     |  |
| INTERNATIONAL BUSINESS MACHINES CORP. | 459200101 | 04/29/2025     | Advisory Vote on Executive Compensation                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          31717 |                0 | FOR         |                                    31717 | FOR                         |  |
| JOHNSON  JOHNSON                      | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                            | SECTION 14A SAY-ON-PAY VOTES |          10933 |                0 | FOR         |                                    10933 | FOR                         |  |
| KENVUE INC.                           | 49177J102 | 05/22/2025     | Approve, on a non-binding advisory basis, the compensation of Kenvue Inc.'s named executive officers.                                    | SECTION 14A SAY-ON-PAY VOTES |           5040 |                0 | FOR         |                                     5040 | FOR                         |  |
| LAS VEGAS SANDS CORP.                 | 517834107 | 05/15/2025     | An advisory (non-binding) vote to approve the compensation of the named executive officers.                                              | SECTION 14A SAY-ON-PAY VOTES |         102626 |                0 | AGAINST     |                                   102626 | AGAINST                     |  |
| LPL FINANCIAL HOLDINGS INC.           | 50212V100 | 05/22/2025     | Approve, in an advisory vote, the compensation paid to the Company's named executive officers.                                           | SECTION 14A SAY-ON-PAY VOTES |           5919 |                0 | FOR         |                                     5919 | FOR                         |  |
| MERCK  CO., INC.                      | 58933Y105 | 05/27/2025     | Non-binding advisory vote to approve the compensation of our named executive officers.                                                   | SECTION 14A SAY-ON-PAY VOTES |          53717 |                0 | FOR         |                                    53717 | 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 |           1869 |                0 | FOR         |                                     1869 | FOR                         |  |
| MURPHY OIL CORPORATION                | 626717102 | 05/14/2025     | Advisory vote to approve executive compensation.                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         134876 |                0 | FOR         |                                   134876 | FOR                         |  |
| NATIONAL FUEL GAS COMPANY             | 636180101 | 03/13/2025     | Advisory approval of named executive officer compensation.                                                                               | SECTION 14A SAY-ON-PAY VOTES |         141765 |                0 | FOR         |                                   141765 | FOR                         |  |
| ORACLE CORPORATION                    | 68389X105 | 11/14/2024     | Advisory Vote to Approve the Compensation of our Named Executive Officers.                                                               | SECTION 14A SAY-ON-PAY VOTES |           5138 |                0 | FOR         |                                     5138 | FOR                         |  |
| PEPSICO, INC.                         | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                               | SECTION 14A SAY-ON-PAY VOTES |           4951 |                0 | FOR         |                                     4951 | FOR                         |  |
| SENSATA TECHNOLOGIES HOLDING PLC      | G8060N102 | 06/10/2025     | Advisory resolution to approve executive compensation                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         147573 |                0 | FOR         |                                   147573 | FOR                         |  |
| SIMON PROPERTY GROUP, INC.            | 828806109 | 05/14/2025     | Advisory Vote to Approve the Compensation of our Named Executive Officers.                                                               | SECTION 14A SAY-ON-PAY VOTES |            290 |                0 | FOR         |                                      290 | FOR                         |  |
| SUN COMMUNITIES, INC.                 | 866674104 | 05/13/2025     | To approve, by a non-binding advisory vote, executive compensation.                                                                      | SECTION 14A SAY-ON-PAY VOTES |          25936 |                0 | FOR         |                                    25936 | FOR                         |  |
| TAPESTRY, INC.                        | 876030107 | 11/14/2024     | Advisory vote to approve the Company's executive compensation, as discussed and described in the proxy statement.                        | SECTION 14A SAY-ON-PAY VOTES |         109328 |                0 | AGAINST     |                                   109328 | AGAINST                     |  |
| THE ALLSTATE CORPORATION              | 020002101 | 05/29/2025     | Advisory vote to approve the compensation of the named executives.                                                                       | SECTION 14A SAY-ON-PAY VOTES |          49277 |                0 | FOR         |                                    49277 | FOR                         |  |
| THE COCA-COLA COMPANY                 | 191216100 | 04/30/2025     | Advisory vote to approve executive compensation                                                                                          | SECTION 14A SAY-ON-PAY VOTES |           1070 |                0 | FOR         |                                     1070 | FOR                         |  |
| THE J. M. SMUCKER COMPANY             | 832696405 | 08/14/2024     | Advisory approval of the Company's executive compensation.                                                                               | SECTION 14A SAY-ON-PAY VOTES |            145 |                0 | FOR         |                                      145 | FOR                         |  |
| THE KRAFT HEINZ COMPANY               | 500754106 | 05/08/2025     | Advisory vote to approve executive compensation.                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         259479 |                0 | FOR         |                                   259479 | 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 |          17345 |                0 | FOR         |                                    17345 | FOR                         |  |
| THE WALT DISNEY COMPANY               | 254687106 | 03/20/2025     | Consideration of an advisory vote to approve executive compensation.                                                                     | SECTION 14A SAY-ON-PAY VOTES |            830 |                0 | FOR         |                                      830 | FOR                         |  |
| UNILEVER PLC                          | 904767704 | 04/30/2025     | To approve the Directors' Remuneration Report.                                                                                           | SECTION 14A SAY-ON-PAY VOTES |            936 |                0 | FOR         |                                      936 | FOR                         |  |
| UNITED THERAPEUTICS CORPORATION       | 91307C102 | 06/26/2025     | Advisory resolution to approve executive compensation.                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          19800 |                0 | FOR         |                                    19800 | FOR                         |  |
| VISHAY INTERTECHNOLOGY, INC.          | 928298108 | 05/20/2025     | The advisory approval of the compensation of the Company's Named Executive Officers.                                                     | SECTION 14A SAY-ON-PAY VOTES |         270126 |                0 | FOR         |                                   270126 | FOR                         |  |
| VISHAY INTERTECHNOLOGY, INC.          | 928298108 | 05/20/2025     | Frequency of advisory vote on the compensation of the Company's Named Executive Officers.                                                | SECTION 14A SAY-ON-PAY VOTES |         270126 |                0 | 1 YEAR      |                                   270126 | FOR                         |  |
| VORNADO REALTY TRUST                  | 929042109 | 05/22/2025     | NON-BINDING, ADVISORY RESOLUTION ON EXECUTIVE COMPENSATION.                                                                              | SECTION 14A SAY-ON-PAY VOTES |            516 |                0 | FOR         |                                      516 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Poplar Forest Capital LLC

**By (Signature):** Erin Chetwood

**By (Printed Signature):** Erin Chetwood

**By (Title):** CCO

**Date:** 07/15/2025