# EDGAR Filing Document

**Accession Number:** 0001033225
**File Stem:** 0001085146-25-003661
**Filing Date:** 2025-7
**Character Count:** 8752
**Document Hash:** f21bade12913660f3a36a4fe2c56ed92
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-003661.hdr.sgml**: 20250709

**ACCESSION NUMBER**: 0001085146-25-003661

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250709

**EFFECTIVENESS DATE**: 20250709

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MCDONALD CAPITAL INVESTORS INC/CA
- **CENTRAL INDEX KEY:** 0001033225

**ORGANIZATION NAME:**
- **EIN:** 942832299
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06004
- **FILM NUMBER:** 251113980

**BUSINESS ADDRESS:**
- **STREET 1:** 4 ORINDA WAY
- **STREET 2:** SUITE 120-D
- **CITY:** ORINDA
- **STATE:** CA
- **ZIP:** 94563
- **BUSINESS PHONE:** 925-258-5401

**MAIL ADDRESS:**
- **STREET 1:** 4 ORINDA WAY
- **STREET 2:** SUITE 120-D
- **CITY:** ORINDA
- **STATE:** CA
- **ZIP:** 94563

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

## N-PX: Filer Information

**Filer CIK:** 0001033225

**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:** MCDONALD CAPITAL INVESTORS INC/CA

**Address:** 4 ORINDA WAY, ORINDA, CA 94563

**Telephone number:** 925-258-5401

**Name of agent for service:** Linda Udall, Chief Compliance Officer

**Agent Address:** 4 ORINDA WAY, ORINDA, CA 94563

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

**SEC File Number:** 028-06004

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 254900SPTGEHVAXV4174

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Amazon                         | 023135106 | 05/21/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |         552670 |                0 | FOR         |                                   552670 | FOR                         |  |
| Brookfield Asset Management    | 113004105 | 05/05/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |         368458 |                0 | FOR         |                                   368458 | FOR                         |  |
| Brookfield Corp - A            | 11271J107 | 06/06/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |        1952446 |                0 | FOR         |                                  1952446 | FOR                         |  |
| Ecolab Inc.                    | 278865100 | 05/08/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |         317524 |                0 | FOR         |                                   317524 | FOR                         |  |
| Elevance Health                | 036752103 | 05/14/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |         124054 |                0 | FOR         |                                   124054 | FOR                         |  |
| Emerson Electric               | 291011104 | 02/04/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |            500 |                0 | FOR         |                                      500 | FOR                         |  |
| Expeditors Int'l of Washington | 302130109 | 05/06/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |          12950 |                0 | FOR         |                                    12950 | FOR                         |  |
| Fastenal                       | 311900104 | 04/24/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |        1006943 |                0 | FOR         |                                  1006943 | FOR                         |  |
| GE Aerospace                   | 369604301 | 05/06/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |            141 |                0 | FOR         |                                      141 | FOR                         |  |
| GE Healthcare Tech             | 36266G107 | 05/28/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |             47 |                0 | FOR         |                                       47 | FOR                         |  |
| GE Vernova                     | 36828A101 | 05/14/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |             35 |                0 | FOR         |                                       35 | FOR                         |  |
| Alphabet                       | 02079K305 | 06/06/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |         263231 |                0 | FOR         |                                   263231 | FOR                         |  |
| JPMorgan Chase                 | 46625H100 | 05/20/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |         233215 |                0 | FOR         |                                   233215 | FOR                         |  |
| Martin Marietta                | 573284106 | 05/15/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |          99793 |                0 | FOR         |                                    99793 | FOR                         |  |
| Netflix                        | 641101106 | 06/05/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |         115664 |                0 | FOR         |                                   115664 | FOR                         |  |
| Nike                           | 654106103 | 09/10/2024     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |         213188 |                0 | FOR         |                                   213188 | FOR                         |  |
| Paychex                        | 704326107 | 10/10/2024     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |         906704 |                0 | FOR         |                                   906704 | FOR                         |  |
| Progressive                    | 743315103 | 05/09/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |         947942 |                0 | FOR         |                                   947942 | FOR                         |  |
| Regeneron                      | 75886F107 | 06/13/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |         211483 |                0 | FOR         |                                   211483 | FOR                         |  |
| Union Pacific                  | 907818108 | 05/08/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |         172440 |                0 | FOR         |                                   172440 | FOR                         |  |
| US Bancorp                     | 902973304 | 04/15/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |           9649 |                0 | FOR         |                                     9649 | FOR                         |  |
| Wells Fargo                    | 949746101 | 04/29/2025     | 029440 14A Executive Compensation | SECTION 14A SAY-ON-PAY VOTES |         761692 |                0 | FOR         |                                   761692 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** MCDONALD CAPITAL INVESTORS INC/CA

**By (Signature):** Linda Udall

**By (Printed Signature):** Linda Udall

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

**Date:** 07/09/2025