# EDGAR Filing Document

**Accession Number:** 0001517666
**File Stem:** 0001438934-25-000642
**Filing Date:** 2025-8
**Character Count:** 47662
**Document Hash:** b8d6ecc902b165501996fb126ab2c396
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001438934-25-000642.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0001438934-25-000642

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250808

**EFFECTIVENESS DATE**: 20250808

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Western Standard LLC
- **CENTRAL INDEX KEY:** 0001517666

**ORGANIZATION NAME:**
- **EIN:** 133604093
- **STATE OF INCORPORATION:** CA

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17964
- **FILM NUMBER:** 251199540

**BUSINESS ADDRESS:**
- **STREET 1:** 5757 WILSHIRE BLVD
- **STREET 2:** SUITE 636
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90036
- **BUSINESS PHONE:** 3109294303

**MAIL ADDRESS:**
- **STREET 1:** 5757 WILSHIRE BLVD
- **STREET 2:** SUITE 636
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Western Standard, LLC
- **DATE OF NAME CHANGE:** 20160129

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Western Standard LLC
- **DATE OF NAME CHANGE:** 20110408

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

## N-PX: Filer Information

**Filer CIK:** 0001517666

**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:** Western Standard LLC

**Address:** 5757 WILSHIRE BLVD, Los Angeles, CA 90036

**Telephone number:** 3109294300

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-17964

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 25490021H31HVN11CC78

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| ABEONA THERAPEUTICS INC.                | 00289Y206 | 05/19/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        1635503 |                0 | FOR         |                                  1635503 | FOR                         |  |
| AECON GROUP INC.                        | 00762V109 | 06/03/2025     | Advisory Vote Regarding Executive Compensation Approval, on an advisory basis, of the approach to the Corporation's executive compensation disclosed in the 2025 Management Information Circular.                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         302255 |                0 | FOR         |                                   302255 | FOR                         |  |
| ALPHATEC HOLDINGS, INC.                 | 02081G201 | 06/11/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         216168 |                0 | FOR         |                                   216168 | FOR                         |  |
| AMBAC FINANCIAL GROUP, INC.             | 023139884 | 10/16/2024     | To approve, on an advisory (non-binding) basis, the compensation that may, under certain circumstances, be paid or provided by Ambac to its named executive officers in connection with the Sale.                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         119963 |                0 | FOR         |                                   119963 | FOR                         |  |
| AMBAC FINANCIAL GROUP, INC.             | 023139884 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation for our named executive officers.                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         299822 |                0 | FOR         |                                   299822 | FOR                         |  |
| AMBAC FINANCIAL GROUP, INC.             | 023139884 | 05/28/2025     | Advisory vote on whether the compensation paid to our named executive officers should be submitted to stockholders for an advisory vote Every Year, Every 2 Years, or Every 3 Years.                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         299822 |                0 | 2 YEARS     |                                   299822 | AGAINST                     |  |
| APARTMENT INVESTMENT AND MANAGEMENT CO. | 03748R747 | 06/10/2025     | To conduct an advisory vote on executive compensation.                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         155056 |                0 | FOR         |                                   155056 | FOR                         |  |
| BALTIC CLASSIFIEDS GROUP PLC            | G07167102 | 09/27/2024     | TO APPROVE THE DIRECTORS REMUNERATION REPORT FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         745255 |                0 | FOR         |                                   745255 | FOR                         |  |
| BRISTOW GROUP INC.                      | 11040G103 | 06/04/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         434729 |                0 | FOR         |                                   434729 | FOR                         |  |
| BRISTOW GROUP INC.                      | 11040G103 | 06/04/2025     | Advisory Vote to Approve the Frequency of Future Advisory Votes to Approve Named Executive Officer Compensation.                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         434729 |                0 | 2 YEARS     |                                   434729 | AGAINST                     |  |
| CONSOLIDATED WATER CO. LTD.             | G23773107 | 05/27/2025     | An advisory vote on executive compensation.                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          16143 |                0 | FOR         |                                    16143 | FOR                         |  |
| DRIVEN BRANDS HOLDINGS INC.             | 26210V102 | 05/20/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           2713 |                0 | FOR         |                                     2713 | FOR                         |  |
| ECN CAPITAL CORP.                       | 26829L107 | 05/22/2025     | Advisory Vote on a Non-Binding Resolution on the Corporation's Approach to Executive Compensation Advisory vote approving the approach to executive compensation disclosed in the Management Information Circular delivered in advance of the 2025 annual meeting of shareholders of the Corporation. | SECTION 14A SAY-ON-PAY VOTES |        1713426 |                0 | FOR         |                                  1713426 | FOR                         |  |
| ECOVYST INC.                            | 27923Q109 | 05/08/2025     | To approve, on an advisory basis, the compensation paid by Ecovyst Inc. to its named executive officers.                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         191826 |                0 | FOR         |                                   191826 | FOR                         |  |
| EDREAMS ODIGEO                          | L2841H108 | 09/27/2024     | CONSULTATIVE VOTE ON THE ANNUAL DIRECTOR REMUNERATION REPORT CORRESPONDING TO THE FINANCIAL YEAR ENDED 31 MARCH 2024                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          20503 |                0 | FOR         |                                    20503 | FOR                         |  |
| EL POLLO LOCO HOLDINGS, INC.            | 268603107 | 05/29/2025     | Approval, on an Advisory (Non-Binding) Basis, of the Compensation of our Named Executive Officers.                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          23641 |                0 | FOR         |                                    23641 | FOR                         |  |
| EQUITY COMMONWEALTH                     | 294628102 | 11/12/2024     | To approve, on an advisory, non-binding basis, the compensation that may become payable by the Company to its named executive officers in connection with the Plan of Sale.                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         709582 |                0 | AGAINST     |                                   709582 | AGAINST                     |  |
| EVERI HOLDINGS INC.                     | 30034T103 | 11/14/2024     | Approval, on an advisory (non-binding) basis, of the "golden parachute" compensation payments that will or may be paid by the Company to its named executive officers in connection with the Merger.                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          32813 |                0 | FOR         |                                    32813 | FOR                         |  |
| EVERI HOLDINGS INC.                     | 30034T103 | 05/21/2025     | Advisory approval, on a non-binding basis, of the compensation of our named executive officers.                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          34013 |                0 | FOR         |                                    34013 | FOR                         |  |
| FIELMANN GROUP AG                       | D2617N114 | 07/11/2024     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          23747 |                0 | FOR         |                                    23747 | FOR                         |  |
| GEN DIGITAL INC                         | 668771108 | 09/10/2024     | Advisory vote to approve executive compensation.                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         101200 |                0 | FOR         |                                   101200 | FOR                         |  |
| GREEN DOT CORPORATION                   | 39304D102 | 05/22/2025     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          75750 |                0 | FOR         |                                    75750 | FOR                         |  |
| KELLANOVA                               | 487836108 | 11/01/2024     | The Advisory Compensation Proposal - To approve, on an advisory, non-binding basis, the compensation that may be paid or become payable to Kellanova's named executive officers that is based on or otherwise relates to the Merger.                                                                  | SECTION 14A SAY-ON-PAY VOTES |          14586 |                0 | FOR         |                                    14586 | FOR                         |  |
| KEROS THERAPEUTICS, INC.                | 492327101 | 06/04/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers as disclosed in the accompanying Proxy Statement.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          29893 |                0 | FOR         |                                    29893 | FOR                         |  |
| MATTR CORP.                             | 57722Y102 | 05/15/2025     | On the approval of the advisory resolution with respect to the Company's approach to executive compensation.                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        1212060 |                0 | FOR         |                                  1212060 | FOR                         |  |
| NATIONAL PRESTO INDUSTRIES, INC.        | 637215104 | 05/20/2025     | To approve, on a non-binding advisory basis, the compensation of National Presto's named executive officers.                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          10119 |                0 | FOR         |                                    10119 | FOR                         |  |
| NELNET, INC.                            | 64031N108 | 05/15/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           5940 |                0 | FOR         |                                     5940 | FOR                         |  |
| NORTHEAST BANK                          | 66405S100 | 11/19/2024     | To approve, on an advisory, non-binding basis, the compensation of our named executive officers.                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          34116 |                0 | FOR         |                                    34116 | FOR                         |  |
| OSB GROUP PLC                           | G6S36L101 | 05/08/2025     | TO APPROVE THE REMUNERATION REPORT                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         448129 |                0 | FOR         |                                   448129 | FOR                         |  |
| POTBELLY CORPORATION                    | 73754Y100 | 05/15/2025     | A non-binding, advisory vote on a resolution approving the 2024 compensation of the Company's named executive officers.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         303581 |                0 | FOR         |                                   303581 | FOR                         |  |
| STROEER SE  CO. KGAA                    | D8169G100 | 06/04/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          34053 |                0 | FOR         |                                    34053 | FOR                         |  |
| YETI HOLDINGS, INC.                     | 98585X104 | 05/01/2025     | Approval, on an advisory basis, of the compensation paid to our named executive officers.                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           1976 |                0 | FOR         |                                     1976 | FOR                         |  |
| ZUORA, INC.                             | 98983V106 | 02/13/2025     | To approve, on a non-binding, advisory basis, the compensation that will or may become payable by Zuora to its named executive officers in connection with the merger of Zodiac Acquisition Sub, Inc., a wholly owned subsidiary of Zodiac Purchaser, L.L.C., with and into Zuora.                    | SECTION 14A SAY-ON-PAY VOTES |         104502 |                0 | FOR         |                                   104502 | FOR                         |  |
| ABEONA THERAPEUTICS INC.                | 00289Y206 | 05/19/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |           3335 |                0 | FOR         |                                     3335 | FOR                         |  |
| AECON GROUP INC.                        | 00762V109 | 06/03/2025     | Advisory Vote Regarding Executive Compensation Approval, on an advisory basis, of the approach to the Corporation's executive compensation disclosed in the 2025 Management Information Circular.                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         510739 |                0 | FOR         |                                   510739 | FOR                         |  |
| ALPHATEC HOLDINGS, INC.                 | 02081G201 | 06/11/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         641317 |                0 | FOR         |                                   641317 | FOR                         |  |
| AMBAC FINANCIAL GROUP, INC.             | 023139884 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation for our named executive officers.                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         225530 |                0 | FOR         |                                   225530 | FOR                         |  |
| AMBAC FINANCIAL GROUP, INC.             | 023139884 | 05/28/2025     | Advisory vote on whether the compensation paid to our named executive officers should be submitted to stockholders for an advisory vote Every Year, Every 2 Years, or Every 3 Years.                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         225530 |                0 | 2 YEARS     |                                   225530 | AGAINST                     |  |
| APARTMENT INVESTMENT AND MANAGEMENT CO. | 03748R747 | 06/10/2025     | To conduct an advisory vote on executive compensation.                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         462514 |                0 | FOR         |                                   462514 | FOR                         |  |
| BALTIC CLASSIFIEDS GROUP PLC            | G07167102 | 09/27/2024     | TO APPROVE THE DIRECTORS REMUNERATION REPORT FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        2513303 |                0 | FOR         |                                  2513303 | FOR                         |  |
| BRISTOW GROUP INC.                      | 11040G103 | 06/04/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          52972 |                0 | FOR         |                                    52972 | FOR                         |  |
| BRISTOW GROUP INC.                      | 11040G103 | 06/04/2025     | Advisory Vote to Approve the Frequency of Future Advisory Votes to Approve Named Executive Officer Compensation.                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          52972 |                0 | 2 YEARS     |                                    52972 | AGAINST                     |  |
| CELLNEX TELECOM S.A.                    | E2R41M104 | 05/08/2025     | CONSULTATIVE VOTE ON THE ANNUAL REPORT ON DIRECTORS REMUNERATION FOR YEAR ENDED 31 DECEMBER 2024                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          41216 |                0 | FOR         |                                    41216 | FOR                         |  |
| CONSOLIDATED WATER CO. LTD.             | G23773107 | 05/27/2025     | An advisory vote on executive compensation.                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          52765 |                0 | FOR         |                                    52765 | FOR                         |  |
| DRIVEN BRANDS HOLDINGS INC.             | 26210V102 | 05/20/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           8047 |                0 | FOR         |                                     8047 | FOR                         |  |
| ECN CAPITAL CORP.                       | 26829L107 | 05/22/2025     | Advisory Vote on a Non-Binding Resolution on the Corporation's Approach to Executive Compensation Advisory vote approving the approach to executive compensation disclosed in the Management Information Circular delivered in advance of the 2025 annual meeting of shareholders of the Corporation. | SECTION 14A SAY-ON-PAY VOTES |         848812 |                0 | FOR         |                                   848812 | FOR                         |  |
| ECOVYST INC.                            | 27923Q109 | 05/08/2025     | To approve, on an advisory basis, the compensation paid by Ecovyst Inc. to its named executive officers.                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         790278 |                0 | FOR         |                                   790278 | FOR                         |  |
| EDREAMS ODIGEO                          | L2841H108 | 09/27/2024     | CONSULTATIVE VOTE ON THE ANNUAL DIRECTOR REMUNERATION REPORT CORRESPONDING TO THE FINANCIAL YEAR ENDED 31 MARCH 2024                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |          69464 |                0 | FOR         |                                    69464 | FOR                         |  |
| EL POLLO LOCO HOLDINGS, INC.            | 268603107 | 05/29/2025     | Approval, on an Advisory (Non-Binding) Basis, of the Compensation of our Named Executive Officers.                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          70270 |                0 | FOR         |                                    70270 | FOR                         |  |
| EVERI HOLDINGS INC.                     | 30034T103 | 11/14/2024     | Approval, on an advisory (non-binding) basis, of the "golden parachute" compensation payments that will or may be paid by the Company to its named executive officers in connection with the Merger.                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         110637 |                0 | FOR         |                                   110637 | FOR                         |  |
| EVERI HOLDINGS INC.                     | 30034T103 | 05/21/2025     | Advisory approval, on a non-binding basis, of the compensation of our named executive officers.                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         110637 |                0 | FOR         |                                   110637 | FOR                         |  |
| FIELMANN GROUP AG                       | D2617N114 | 07/11/2024     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          76257 |                0 | FOR         |                                    76257 | FOR                         |  |
| GREEN DOT CORPORATION                   | 39304D102 | 05/22/2025     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         224730 |                0 | FOR         |                                   224730 | FOR                         |  |
| KELLANOVA                               | 487836108 | 11/01/2024     | The Advisory Compensation Proposal - To approve, on an advisory, non-binding basis, the compensation that may be paid or become payable to Kellanova's named executive officers that is based on or otherwise relates to the Merger.                                                                  | SECTION 14A SAY-ON-PAY VOTES |          49414 |                0 | FOR         |                                    49414 | FOR                         |  |
| KEROS THERAPEUTICS, INC.                | 492327101 | 06/04/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers as disclosed in the accompanying Proxy Statement.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          89072 |                0 | FOR         |                                    89072 | FOR                         |  |
| MATTR CORP.                             | 57722Y102 | 05/15/2025     | On the approval of the advisory resolution with respect to the Company's approach to executive compensation.                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         669126 |                0 | FOR         |                                   669126 | FOR                         |  |
| NATIONAL PRESTO INDUSTRIES, INC.        | 637215104 | 05/20/2025     | To approve, on a non-binding advisory basis, the compensation of National Presto's named executive officers.                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          30076 |                0 | FOR         |                                    30076 | FOR                         |  |
| NELNET, INC.                            | 64031N108 | 05/15/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          18050 |                0 | FOR         |                                    18050 | FOR                         |  |
| OSB GROUP PLC                           | G6S36L101 | 05/08/2025     | TO APPROVE THE REMUNERATION REPORT                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        1337666 |                0 | FOR         |                                  1337666 | FOR                         |  |
| POTBELLY CORPORATION                    | 73754Y100 | 05/15/2025     | A non-binding, advisory vote on a resolution approving the 2024 compensation of the Company's named executive officers.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         223252 |                0 | FOR         |                                   223252 | FOR                         |  |
| STROEER SE  CO. KGAA                    | D8169G100 | 06/04/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         101032 |                0 | FOR         |                                   101032 | FOR                         |  |
| YETI HOLDINGS, INC.                     | 98585X104 | 05/01/2025     | Approval, on an advisory basis, of the compensation paid to our named executive officers.                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           5898 |                0 | FOR         |                                     5898 | FOR                         |  |
| ZUORA, INC.                             | 98983V106 | 02/13/2025     | To approve, on a non-binding, advisory basis, the compensation that will or may become payable by Zuora to its named executive officers in connection with the merger of Zodiac Acquisition Sub, Inc., a wholly owned subsidiary of Zodiac Purchaser, L.L.C., with and into Zuora.                    | SECTION 14A SAY-ON-PAY VOTES |         339344 |                0 | FOR         |                                   339344 | FOR                         |  |
| ABEONA THERAPEUTICS INC.                | 00289Y206 | 05/19/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         487161 |                0 | FOR         |                                   487161 | FOR                         |  |
| AECON GROUP INC.                        | 00762V109 | 06/03/2025     | Advisory Vote Regarding Executive Compensation Approval, on an advisory basis, of the approach to the Corporation's executive compensation disclosed in the 2025 Management Information Circular.                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         264342 |                0 | FOR         |                                   264342 | FOR                         |  |
| ALPHATEC HOLDINGS, INC.                 | 02081G201 | 06/11/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         344504 |                0 | FOR         |                                   344504 | FOR                         |  |
| AMBAC FINANCIAL GROUP, INC.             | 023139884 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation for our named executive officers.                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         174000 |                0 | FOR         |                                   174000 | FOR                         |  |
| AMBAC FINANCIAL GROUP, INC.             | 023139884 | 05/28/2025     | Advisory vote on whether the compensation paid to our named executive officers should be submitted to stockholders for an advisory vote Every Year, Every 2 Years, or Every 3 Years.                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         174000 |                0 | 2 YEARS     |                                   174000 | AGAINST                     |  |
| APARTMENT INVESTMENT AND MANAGEMENT CO. | 03748R747 | 06/10/2025     | To conduct an advisory vote on executive compensation.                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         315802 |                0 | FOR         |                                   315802 | FOR                         |  |
| BRISTOW GROUP INC.                      | 11040G103 | 06/04/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         161867 |                0 | FOR         |                                   161867 | FOR                         |  |
| BRISTOW GROUP INC.                      | 11040G103 | 06/04/2025     | Advisory Vote to Approve the Frequency of Future Advisory Votes to Approve Named Executive Officer Compensation.                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         161867 |                0 | 2 YEARS     |                                   161867 | AGAINST                     |  |
| CONSOLIDATED WATER CO. LTD.             | G23773107 | 05/27/2025     | An advisory vote on executive compensation.                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          25952 |                0 | FOR         |                                    25952 | FOR                         |  |
| DRIVEN BRANDS HOLDINGS INC.             | 26210V102 | 05/20/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           3564 |                0 | FOR         |                                     3564 | FOR                         |  |
| ECN CAPITAL CORP.                       | 26829L107 | 05/22/2025     | Advisory Vote on a Non-Binding Resolution on the Corporation's Approach to Executive Compensation Advisory vote approving the approach to executive compensation disclosed in the Management Information Circular delivered in advance of the 2025 annual meeting of shareholders of the Corporation. | SECTION 14A SAY-ON-PAY VOTES |        1229793 |                0 | FOR         |                                  1229793 | FOR                         |  |
| ECOVYST INC.                            | 27923Q109 | 05/08/2025     | To approve, on an advisory basis, the compensation paid by Ecovyst Inc. to its named executive officers.                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         252023 |                0 | FOR         |                                   252023 | FOR                         |  |
| EL POLLO LOCO HOLDINGS, INC.            | 268603107 | 05/29/2025     | Approval, on an Advisory (Non-Binding) Basis, of the Compensation of our Named Executive Officers.                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          31089 |                0 | FOR         |                                    31089 | FOR                         |  |
| GREEN DOT CORPORATION                   | 39304D102 | 05/22/2025     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          99520 |                0 | FOR         |                                    99520 | FOR                         |  |
| KEROS THERAPEUTICS, INC.                | 492327101 | 06/04/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers as disclosed in the accompanying Proxy Statement.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          39468 |                0 | FOR         |                                    39468 | FOR                         |  |
| MATTR CORP.                             | 57722Y102 | 05/15/2025     | On the approval of the advisory resolution with respect to the Company's approach to executive compensation.                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         623058 |                0 | FOR         |                                   623058 | FOR                         |  |
| NATIONAL PRESTO INDUSTRIES, INC.        | 637215104 | 05/20/2025     | To approve, on a non-binding advisory basis, the compensation of National Presto's named executive officers.                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          13305 |                0 | FOR         |                                    13305 | FOR                         |  |
| NELNET, INC.                            | 64031N108 | 05/15/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |           5504 |                0 | FOR         |                                     5504 | FOR                         |  |
| POTBELLY CORPORATION                    | 73754Y100 | 05/15/2025     | A non-binding, advisory vote on a resolution approving the 2024 compensation of the Company's named executive officers.                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         174490 |                0 | FOR         |                                   174490 | FOR                         |  |
| STROEER SE  CO. KGAA                    | D8169G100 | 06/04/2025     | APPROVE REMUNERATION REPORT                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          64717 |                0 | FOR         |                                    64717 | FOR                         |  |
| YETI HOLDINGS, INC.                     | 98585X104 | 05/01/2025     | Approval, on an advisory basis, of the compensation paid to our named executive officers.                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |           2420 |                0 | FOR         |                                     2420 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Western Standard LLC

**By (Signature):** Eric Andersen

**By (Printed Signature):** Eric Andersen

**By (Title):** Managing Member

**Date:** 08/28/2024