# EDGAR Filing Document

**Accession Number:** 0001882572
**File Stem:** 0001882572-25-000002
**Filing Date:** 2025-8
**Character Count:** 81606
**Document Hash:** 8f8d6b50bfc2856aa1ab2041c2b782a2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001882572-25-000002.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001882572-25-000002

**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:** Riverwater Partners LLC
- **CENTRAL INDEX KEY:** 0001882572

**ORGANIZATION NAME:**
- **EIN:** 812333271
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1221

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21541
- **FILM NUMBER:** 251251875

**BUSINESS ADDRESS:**
- **STREET 1:** 1433 N. WATER STREET
- **STREET 2:** SUITE 303
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-232-7957

**MAIL ADDRESS:**
- **STREET 1:** 1433 N WATER STREET
- **STREET 2:** SUITE 303
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

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

## N-PX: Filer Information

**Filer CIK:** 0001882572

**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:** Riverwater Partners LLC

**Address:** 1433 N. WATER STREET, MILWAUKEE, WI 53202

**Telephone number:** 4148588000

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-21541

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| A-Mark Precious Metals, Inc.            | 00181T107 | 11/13/2024     | To vote, on an advisory basis, to approve the fiscal year 2024 compensation of the named executive officers of the Company.                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        8959    |                0 | AGAINST     |                                  8959    | AGAINST                     |  |
| Aehr Test Systems                       | 00760J108 | 10/21/2024     | To approve, on an advisory (non-binding) basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |       17635    |                0 | FOR         |                                 17635    | FOR                         |  |
| Alerus Financial Corporation            | 01446U103 | 05/08/2025     | Approve, on a non-binding advisory basis, the compensation paid to our named executive officers.                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        5479    |                0 | FOR         |                                  5479    | FOR                         |  |
| Alerus Financial Corporation            | 01446U103 | 05/08/2025     | Approve, on a non-binding advisory basis, how often we will hold future advisory votes on the compensation paid to our named executive officers.                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        5479    |                0 | 1 YEAR      |                                  5479    | FOR                         |  |
| American Electric Power Company, Inc.   | 025537101 | 04/29/2025     | Advisory approval of the AEP's namex executive officer compensation.                                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        1500.15 |                0 | FOR         |                                  1500.15 | FOR                         |  |
| Anika Therapeutics, Inc.                | 035255108 | 07/09/2024     | Advisory vote on the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |       12669    |                0 | AGAINST     |                                 12669    | AGAINST                     |  |
| Antero Midstream Corporation            | 03676B102 | 06/04/2025     | To approve, on an advisory basis, the compensation of Antero Resources Corporation's named executive officers.                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |       50829    |                0 | FOR         |                                 50829    | FOR                         |  |
| Apple Inc.                              | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         328    |                0 | FOR         |                                   328    | FOR                         |  |
| Atmus Filtration Technologies Inc.      | 04956D107 | 05/20/2025     | Advisory vote to approve the executive compensation.                                                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         484    |                0 | FOR         |                                   484    | FOR                         |  |
| AZZ Inc.                                | 002474104 | 07/09/2024     | Approve, on an advisory basis, AZZ's Executive Compensation Program.                                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        9597    |                0 | FOR         |                                  9597    | FOR                         |  |
| BioCryst Pharmaceuticals, Inc.          | 09058V103 | 06/12/2025     | To hold a non-binding, advisory vote regarding executive compensation.                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        3023    |                0 | FOR         |                                  3023    | FOR                         |  |
| BJ's Wholesale Club Holdings, Inc.      | 05550J101 | 06/19/2025     | Approve, on an advisory (non-binding) basis, the compensation of the named executive officers of BJ's Wholesale Club Holdings, Inc.                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        7276    |                0 | AGAINST     |                                  7276    | AGAINST                     |  |
| Black Hills Corporation                 | 092113109 | 04/23/2025     | Advisory Resolution To Approve Executive Compensation.                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         386    |                0 | FOR         |                                   386    | FOR                         |  |
| Bridgewater Bancshares, Inc.            | 108621103 | 04/22/2025     | Approve, on a non-binding advisory basis, the compensation paid to our named executive officers.                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |       17575    |                0 | FOR         |                                 17575    | FOR                         |  |
| Brixmor Property Group Inc.             | 11120U105 | 04/23/2025     | To approve, on a non-binding advisory basis, the compensation paid to our named executive officers.                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          90    |                0 | AGAINST     |                                    90    | AGAINST                     |  |
| Builders FirstSource, Inc.              | 12008R107 | 05/27/2025     | An advisory vote on the compensation of the named executive officers                                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        1502    |                0 | FOR         |                                  1502    | FOR                         |  |
| Cabot Corporation                       | 127055101 | 03/13/2025     | To approve in an advisory vote, Cabot's executive compensation.                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         225    |                0 | FOR         |                                   225    | FOR                         |  |
| Centrus Energy Corp.                    | 15643U104 | 06/20/2025     | To hold an advisory vote to approve the Company's executive compensation.                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         530    |                0 | FOR         |                                   530    | FOR                         |  |
| Chesapeake Utilities Corporation        | 165303108 | 05/07/2025     | Approve on an advisory non-binding basis the compensation of the Company's Named Executive Officers.                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         193    |                0 | FOR         |                                   193    | FOR                         |  |
| Chevron Corporation                     | 166764100 | 05/28/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         654    |                0 | FOR         |                                   654    | FOR                         |  |
| Ciena Corporation                       | 171779309 | 03/27/2025     | Advisory vote on our named executive officer compensation, as described in the proxy materials.                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        8793    |                0 | AGAINST     |                                  8793    | AGAINST                     |  |
| Climb Global Solutions, Inc.            | 946760105 | 06/03/2025     | A non-binding advisory resolution to approve the compensation of the Company's named executive officers, as described in the Company's proxy statement.                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         289    |                0 | FOR         |                                   289    | FOR                         |  |
| Climb Global Solutions, Inc.            | 946760105 | 06/03/2025     | The approval of the frequency of future advisory votes on executive compensation.                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         289    |                0 | 1 YEAR      |                                   289    | FOR                         |  |
| CNX Resources Corporation               | 12653C108 | 05/01/2025     | Advisory Approval of CNX's Named Executive Officer Compensation.                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         783    |                0 | FOR         |                                   783    | FOR                         |  |
| Coastal Financial Corp.                 | 19046P209 | 05/28/2025     | Advisory (non-binding) approval of the compensation paid to named executive officers.                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        5280    |                0 | FOR         |                                  5280    | FOR                         |  |
| COMPASS Pathways plc                    | 20451W101 | 06/12/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers for the year ended December 31, 2024.                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         655    |                0 | FOR         |                                   655    | FOR                         |  |
| Constellation Energy Corporation        | 21037T109 | 04/29/2025     | To consider and act on an advisory vote regarding the approval of compensation paid to named executive officers                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        1050    |                0 | FOR         |                                  1050    | FOR                         |  |
| Corning Incorporated                    | 219350105 | 05/01/2025     | Advisory approval of our executive compensation (Say on Pay).                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |        8543    |                0 | FOR         |                                  8543    | FOR                         |  |
| CRA International, Inc.                 | 12618T105 | 07/18/2024     | To approve, on an advisory basis, the compensation paid to CRA s named executive officers, as disclosed in the proxy statement for the 2024 meeting of its shareholders.                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        2039    |                0 | AGAINST     |                                  2039    | AGAINST                     |  |
| Crocs, Inc.                             | 227046109 | 06/10/2025     | An advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |        6227    |                0 | AGAINST     |                                  6227    | AGAINST                     |  |
| Crown Castle Inc.                       | 22822V101 | 05/21/2025     | The non-binding, advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        2365    |                0 | FOR         |                                  2365    | FOR                         |  |
| Cullen/Frost Bankers, Inc.              | 229899109 | 04/30/2025     | To provide nonbinding approval of executive compensation.                                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |       12439.2  |                0 | FOR         |                                 12439.2  | FOR                         |  |
| Darling Ingredients Inc.                | 237266101 | 05/07/2025     | Advisory vote to approve, on an advisory basis, executive compensation.                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |       39053    |                0 | FOR         |                                 39053    | FOR                         |  |
| Delcath Systems, Inc.                   | 24661P807 | 05/15/2025     | To approve, on a non-binding advisory basis, the compensation of our named executive officers as disclosed in the accompanying proxy statement ("Proxy Statement").                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |       27229    |                0 | FOR         |                                 27229    | FOR                         |  |
| Douglas Dynamics, Inc.                  | 25960R105 | 04/29/2025     | Advisory vote (non-binding) to approve the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       10535    |                0 | FOR         |                                 10535    | FOR                         |  |
| DuPont de Nemours, Inc.                 | 26614N102 | 05/22/2025     | Advisory Resolution to Approve Executive Compensation                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        3466    |                0 | FOR         |                                  3466    | FOR                         |  |
| EOG Resources, Inc.                     | 26875P101 | 05/21/2025     | To approve, by non-binding vote, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        2465    |                0 | FOR         |                                  2465    | FOR                         |  |
| Everus Construction Group, Inc.         | 300426103 | 05/20/2025     | Advisory Vote to Approve the Frequency of Future Advisory Votes to Approve the Compensation Paid to the Company's Named Executive Officers.                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |       11705    |                0 | 1 YEAR      |                                 11705    | FOR                         |  |
| Everus Construction Group, Inc.         | 300426103 | 05/20/2025     | Advisory Vote to Approve the Compensation Paid to the Company's Named Executive Officers.                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |       11705    |                0 | FOR         |                                 11705    | FOR                         |  |
| Exelixis, Inc.                          | 30161Q104 | 05/28/2025     | To approve, on an advisory basis, the compensation of Exelixis' named executive officers, as disclosed in the accompanying Proxy Statement.                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |       52992    |                0 | FOR         |                                 52992    | FOR                         |  |
| Exelon Corporation                      | 30161N101 | 04/29/2025     | Advisory vote to approve the compensation paid to Exelon s named executive officers.                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        7197.79 |                0 | FOR         |                                  7197.79 | FOR                         |  |
| Exelon Corporation                      | 30161N127 | 04/29/2025     | Advisory vote to approve the compensation paid to Exelon s named executive officers.                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         592    |                0 | FOR         |                                   592    | FOR                         |  |
| First Business Financial Services, Inc. | 319390100 | 04/25/2025     | To approve, in a non-binding shareholder advisory vote, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        9084.4  |                0 | FOR         |                                  9084.4  | FOR                         |  |
| First Business Financial Services, Inc. | 319390100 | 04/25/2025     | To approve, in a non-binding shareholder advisory vote, the frequency with which shareholders will vote on compensation of the Company's named executive officers.                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        9084.4  |                0 | 1 YEAR      |                                  9084.4  | FOR                         |  |
| First Solar, Inc.                       | 336433107 | 05/14/2025     | Advisory vote to approve the compensation of our named executive officers                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        1560    |                0 | FOR         |                                  1560    | FOR                         |  |
| Fiserv, Inc.                            | 337738108 | 05/14/2025     | To approve, on an advisory basis, the compensation of the named executive officers of Fiserv, Inc.                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        1881    |                0 | AGAINST     |                                  1881    | AGAINST                     |  |
| Grand Canyon Education, Inc.            | 38526M106 | 06/10/2025     | To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the Proxy Statement.                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |       12441    |                0 | FOR         |                                 12441    | FOR                         |  |
| Haemonetics Corporation                 | 405024100 | 07/25/2024     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        9143    |                0 | AGAINST     |                                  9143    | AGAINST                     |  |
| Harvard Bioscience, Inc.                | 416906105 | 06/02/2025     | Approval, by a non-binding advisory vote, of the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |           8    |                0 | AGAINST     |                                     8    | AGAINST                     |  |
| Hologic, Inc.                           | 436440101 | 02/26/2025     | A non-binding advisory vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        5046    |                0 | FOR         |                                  5046    | FOR                         |  |
| HP Inc.                                 | 40434L105 | 04/14/2025     | To approve, on an advisory basis, HP Inc. s named executive officer compensation                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          81    |                0 | AGAINST     |                                    81    | AGAINST                     |  |
| ICF International, Inc.                 | 44925C103 | 06/04/2025     | Advisory Vote Regarding ICF International's Overall Pay-For-Performance Named Executive Officer Compensation Program. Approve by non-binding, advisory vote, the Company's overall pay-for-performance executive compensation program, as described in the Compensation Discussion and Analysis, the compensation tables and the related narratives and other materials in the Proxy Statement. | SECTION 14A SAY-ON-PAY VOTES |        8450.51 |                0 | AGAINST     |                                  8450.51 | AGAINST                     |  |
| Integer Holdings Corporation            | 45826H109 | 05/21/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         107    |                0 | AGAINST     |                                   107    | AGAINST                     |  |
| Intercontinental Exchange, Inc.         | 45866F104 | 05/16/2025     | To approve, by non-binding vote, the advisory resolution on executive compensation for named executive officers.                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        2981    |                0 | AGAINST     |                                  2981    | AGAINST                     |  |
| InterDigital, Inc.                      | 45867G101 | 06/11/2025     | Advisory resolution to approve executive compensation.                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |       10420    |                0 | FOR         |                                 10420    | FOR                         |  |
| IRADIMED CORPORATION                    | 46266A109 | 06/19/2025     | To approve, on a non-binding advisory basis, the 2024 compensation of the named executive officers.                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        3064    |                0 | FOR         |                                  3064    | FOR                         |  |
| Iridium Communications Inc.             | 46269C102 | 05/14/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         464    |                0 | AGAINST     |                                   464    | AGAINST                     |  |
| Johnson  Johnson                        | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         254    |                0 | AGAINST     |                                   254    | AGAINST                     |  |
| Jones Lang LaSalle Incorporated         | 48020Q107 | 05/21/2025     | Approval, on an advisory basis, of JLL's Executive Compensation ("Say On Pay")                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        4819    |                0 | AGAINST     |                                  4819    | AGAINST                     |  |
| L3Harris Technologies, Inc.             | 502431109 | 04/18/2025     | Approval, in an Advisory Vote, of the Compensation of Named Executive Officers as Disclosed in the Proxy Statement.                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        1584    |                0 | FOR         |                                  1584    | FOR                         |  |
| Lakeland Industries, Inc.               | 511795106 | 06/12/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        2805    |                0 | AGAINST     |                                  2805    | AGAINST                     |  |
| Lantheus Holdings, Inc.                 | 516544103 | 05/01/2025     | The approval, on an advisory basis, of the compensation paid to our named executive officers.                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |       13533    |                0 | AGAINST     |                                 13533    | AGAINST                     |  |
| LeMaitre Vascular, Inc.                 | 525558201 | 06/02/2025     | To approve, by a non-binding, advisory vote, the 2024 compensation paid to our named executive officers.                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        1417.2  |                0 | AGAINST     |                                  1417.2  | AGAINST                     |  |
| LeMaitre Vascular, Inc.                 | 525558201 | 06/02/2025     | To provide a non-binding, advisory vote on the frequency of future stockholder advisory votes on executive compensation.                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        1417.2  |                0 | 1 YEAR      |                                  1417.2  | AGAINST                     |  |
| Limoneira Company                       | 532746104 | 04/09/2025     | To Vote On An Advisory Resolution To Approve The Compensation Of The Named Executive Officers As Disclosed In This Proxy Statement ( Proposal 2 ).                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |      123578    |                0 | AGAINST     |                                123578    | AGAINST                     |  |
| Louisiana-Pacific Corporation           | 546347105 | 05/08/2025     | Advisory vote to approve named executive officer compensation                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |       10027    |                0 | FOR         |                                 10027    | FOR                         |  |
| Mayville Engineering Company, Inc.      | 578605107 | 04/22/2025     | Advisory Vote To Approve The Compensation Of Our Named Executive Officers.                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |       21577    |                0 | FOR         |                                 21577    | FOR                         |  |
| Mayville Engineering Company, Inc.      | 578605107 | 04/22/2025     | Advisory Vote On The Frequency Of Future Advisory Votes On The Compensation Of Our Named Executive Officers.                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |       21577    |                0 | 1 YEAR      |                                 21577    | FOR                         |  |
| MDU Resources Group, Inc.               | 552690109 | 05/13/2025     | Vote, on an Advisory Basis, to Approve the Company's Named Executive Officers' compensation.                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |       74225    |                0 | FOR         |                                 74225    | FOR                         |  |
| Merit Medical Systems, Inc.             | 589889104 | 05/14/2025     | Approval of a non-binding, advisory resolution approving the compensation of the Company's named executive officers as described in the Merit Medical Systems, Inc. Proxy Statement.                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         170    |                0 | FOR         |                                   170    | 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 |         206    |                0 | FOR         |                                   206    | FOR                         |  |
| Miller Industries, Inc.                 | 600551204 | 05/23/2025     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        1545    |                0 | FOR         |                                  1545    | FOR                         |  |
| Modine Manufacturing Company            | 607828100 | 08/15/2024     | Advisory approval of the Company's named executive officer compensation.                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |       23277    |                0 | FOR         |                                 23277    | FOR                         |  |
| Morgan Stanley                          | 617446448 | 05/15/2025     | To approve the compensation of executives as disclosed in the proxy statement (non-binding advisory vote)                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        3457    |                0 | FOR         |                                  3457    | FOR                         |  |
| Mr. Cooper Group Inc.                   | 62482R107 | 05/22/2025     | Advisory Vote on Executive Compensation (Say on Pay)                                                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |       10861    |                0 | AGAINST     |                                 10861    | AGAINST                     |  |
| Mr. Cooper Group Inc.                   | 62482R107 | 05/22/2025     | Advisory vote on the frequency of Say on Pay votes                                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       10861    |                0 | 1 YEAR      |                                 10861    | FOR                         |  |
| National CineMedia, Inc.                | 635309107 | 05/01/2025     | To approve, on an advisory basis, our executive compensation                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |       11013    |                0 | AGAINST     |                                 11013    | AGAINST                     |  |
| National CineMedia, Inc.                | 635309206 | 05/01/2025     | To approve, on an advisory basis, our executive compensation                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      253807    |                0 | AGAINST     |                                253807    | AGAINST                     |  |
| Newmont Corporation                     | 651639106 | 04/30/2025     | Approval of the advisory resolution on Newmonts executive compensation.                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          18    |                0 | FOR         |                                    18    | FOR                         |  |
| NNN REIT, Inc.                          | 637417106 | 05/13/2025     | Non-binding advisory approval of the compensation of our named executive officers as described in this Proxy Statement.                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |       30352    |                0 | AGAINST     |                                 30352    | AGAINST                     |  |
| NPK International Inc.                  | 651718504 | 05/15/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |       40594    |                0 | FOR         |                                 40594    | FOR                         |  |
| Otis Worldwide Corporation              | 68902V107 | 05/15/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        2812.09 |                0 | FOR         |                                  2812.09 | FOR                         |  |
| Owens Corning                           | 69073F103 | 04/15/2025     | To Approve, On An Advisory Basis, Our Named Executive Officer Compensation.                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         163    |                0 | FOR         |                                   163    | FOR                         |  |
| Owens Corning                           | 690742101 | 04/15/2025     | To Approve, On An Advisory Basis, Our Named Executive Officer Compensation.                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        2170    |                0 | FOR         |                                  2170    | FOR                         |  |
| PACCAR Inc                              | 693718108 | 04/29/2025     | Advisory resolution to approve executive compensation                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        5261    |                0 | FOR         |                                  5261    | FOR                         |  |
| Palo Alto Networks, Inc.                | 697435105 | 12/10/2024     | To approve, on an advisory basis, the frequency of holding future advisory votes on named executive officer compensation.                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          35    |                0 | 1 YEAR      |                                    35    | FOR                         |  |
| Palo Alto Networks, Inc.                | 697435105 | 12/10/2024     | To approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          35    |                0 | AGAINST     |                                    35    | AGAINST                     |  |
| Palomar Holdings, Inc.                  | 69753M105 | 05/22/2025     | To approve, on a non-binding advisory basis, the compensation of our Named Executive Officers.                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         170    |                0 | FOR         |                                   170    | FOR                         |  |
| Perella Weinberg Partners               | 71367G102 | 05/28/2025     | To approve, by advisory vote, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        7098    |                0 | AGAINST     |                                  7098    | AGAINST                     |  |
| Perella Weinberg Partners               | 71367G102 | 05/28/2025     | To recommend, by advisory vote, the frequency of future advisory votes on the compensation of our named executive officers.                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |        7098    |                0 | 1 YEAR      |                                  7098    | AGAINST                     |  |
| Pfizer Inc.                             | 717081103 | 04/24/2025     | 2025 advisory approval of executive compensation                                                                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        8884.69 |                0 | FOR         |                                  8884.69 | FOR                         |  |
| Phillips 66                             | 718546104 | 05/21/2025     | The Company's Proposal To Approve, On An Advisory Basis, The Company's Named Executive Officer Compensation.                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        3490.82 |                0 | FOR         |                                  3490.82 | NONE                        |  |
| Phillips 66                             | 718546104 | 05/21/2025     | The Company's Proposal To Approve, On An Advisory Basis, The Frequency Of Future Shareholder Advisory Votes To Approve Executive Compensation.                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        3490.82 |                0 | 1 YEAR      |                                  3490.82 | NONE                        |  |
| Pinnacle West Capital Corporation       | 723484101 | 05/21/2025     | To hold an advisory vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |       15497.1  |                0 | FOR         |                                 15497.1  | FOR                         |  |
| Plexus Corp.                            | 729132100 | 02/11/2025     | Advisory vote to approve the compensation of Plexus Corp.`s named executive officers, as disclosed in  "Compensation Discussion and Analysis"  and " Executive Compensation"  in the Proxy Statement.                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        5503    |                0 | FOR         |                                  5503    | FOR                         |  |
| Pool Corporation                        | 73278L105 | 04/30/2025     | Say-on-pay vote: Advisory vote to approve the compensation of our named executive officers as disclosed in the proxy statement.                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         874    |                0 | AGAINST     |                                   874    | AGAINST                     |  |
| Quest Diagnostics Incorporated          | 74834L100 | 05/15/2025     | An advisory resolution to approve the executive officer compensation disclosed in the Company's 2025 proxy statement                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |       10196.2  |                0 | FOR         |                                 10196.2  | FOR                         |  |
| QuinStreet, Inc.                        | 74874Q100 | 10/31/2024     | Approval, by advisory vote, of the compensation awarded to QuinStreet, Inc.'s named executive officers as disclosed in the proxy statement.                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |       14819    |                0 | AGAINST     |                                 14819    | AGAINST                     |  |
| Range Resources Corporation             | 75281A109 | 05/14/2025     | To consider and vote on a non-binding proposal to approve our executive compensation philosophy ("say-on-pay").                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |       35278    |                0 | FOR         |                                 35278    | FOR                         |  |
| Red Violet, Inc.                        | 75704L104 | 06/10/2025     | To hold a non-binding advisory vote to approve our named executive officers  compensation.                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        2458    |                0 | AGAINST     |                                  2458    | AGAINST                     |  |
| Roku, Inc.                              | 77543R102 | 06/11/2025     | Advisory vote to approve our named executive officer compensation.                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         120    |                0 | AGAINST     |                                   120    | AGAINST                     |  |
| Roku, Inc.                              | 77543R102 | 06/11/2025     | Advisory vote to approve the frequency of future advisory votes on our named executive officer compensation.                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         120    |                0 | 1 YEAR      |                                   120    | FOR                         |  |
| Skyward Specialty Insurance Group, Inc. | 830940102 | 05/07/2025     | The approval, on a non-binding advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |       34157    |                0 | AGAINST     |                                 34157    | AGAINST                     |  |
| Skyward Specialty Insurance Group, Inc. | 830940102 | 05/07/2025     | The approval, on a non-binding advisory basis, the frequency of future advisory votes on named executive officers' compensation.                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |       34157    |                0 | 1 YEAR      |                                 34157    | FOR                         |  |
| STERIS plc                              | G8473T100 | 08/01/2024     | To approve, on a non-binding advisory basis, the compensation of the Company s named executive officers as disclosed pursuant to the disclosure rules of the U.S. Securities and Exchange Commission, including the compensation discussion and analysis and the tabular and narrative disclosure contained in the Company s proxy statement dated June 12, 2024.                               | SECTION 14A SAY-ON-PAY VOTES |        2751    |                0 | FOR         |                                  2751    | FOR                         |  |
| StoneX Group Inc.                       | 861896108 | 03/05/2025     | To approve the advisory (non-binding) resolution relating to executive compensation.                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         271    |                0 | FOR         |                                   271    | FOR                         |  |
| SunOpta Inc.                            | 8676EP108 | 05/22/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |        2748    |                0 | FOR         |                                  2748    | FOR                         |  |
| SuRo Capital Corp.                      | 86887Q109 | 05/28/2025     | To provide an advisory non-binding vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |       16694    |                0 | FOR         |                                 16694    | FOR                         |  |
| SuRo Capital Corp.                      | 86887Q109 | 05/28/2025     | To recommend, in a non-binding vote, the frequency of an advisory vote to approve the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |       16694    |                0 | 1 YEAR      |                                 16694    | FOR                         |  |
| TE Connectivity plc                     | G87052109 | 03/12/2025     | An advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          10    |                0 | AGAINST     |                                    10    | AGAINST                     |  |
| Tennant Company                         | 880345103 | 04/29/2025     | Advisory approval of executive compensation.                                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         270    |                0 | FOR         |                                   270    | FOR                         |  |
| The Charles Schwab Corporation          | 808513105 | 05/22/2025     | Advisory approval of named executive officer compensation                                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        6099    |                0 | FOR         |                                  6099    | FOR                         |  |
| The J. M. Smucker Company               | 832696405 | 08/14/2024     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        6462.11 |                0 | FOR         |                                  6462.11 | FOR                         |  |
| The PNC Financial Services Group, Inc.  | 693475105 | 04/23/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        3034    |                0 | FOR         |                                  3034    | FOR                         |  |
| The Progressive Corporation             | 743315103 | 05/09/2025     | Cast an advisory vote to approve our executive compensation program.                                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        1565.06 |                0 | FOR         |                                  1565.06 | FOR                         |  |
| The Progressive Corporation             | 743315AU7 | 05/09/2025     | Cast an advisory vote to approve our executive compensation program.                                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         126    |                0 | FOR         |                                   126    | FOR                         |  |
| The Walt Disney Company                 | 254687106 | 03/20/2025     | Consideration of an advisory vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          15    |                0 | FOR         |                                    15    | FOR                         |  |
| Thermo Fisher Scientific Inc.           | 883556102 | 05/21/2025     | An advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         696    |                0 | AGAINST     |                                   696    | AGAINST                     |  |
| Union Pacific Corporation               | 907818108 | 05/08/2025     | Approve, by non-binding vote, the compensation of the Company's Named Executive Officers ("Say on Pay").                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        1582.07 |                0 | FOR         |                                  1582.07 | FOR                         |  |
| Unitil Corporation                      | 913259107 | 04/30/2025     | Advisory Vote On The Approval Of Executive Compensation                                                                                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        5815.1  |                0 | FOR         |                                  5815.1  | FOR                         |  |
| Veeco Instruments Inc.                  | 922417100 | 05/08/2025     | To approve, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |       22840    |                0 | FOR         |                                 22840    | FOR                         |  |
| Vestis Corporation                      | 29430C102 | 01/27/2025     | To approve, in a non-binding advisory vote, named executive officer compensation for fiscal 2024.                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        1148    |                0 | FOR         |                                  1148    | FOR                         |  |
| Vestis Corporation                      | 29430C102 | 01/27/2025     | To approve, in a non-binding advisory vote, the frequency of future advisory votes to approve named executive officer compensation.                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        1148    |                0 | 1 YEAR      |                                  1148    | FOR                         |  |
| Warby Parker Inc.                       | 93403J106 | 06/10/2025     | Approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         235    |                0 | AGAINST     |                                   235    | AGAINST                     |  |
| Western Alliance Bancorporation         | 957638109 | 06/11/2025     | To approve, on an advisory (non-binding) basis, the compensation of executives.                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |       21159    |                0 | FOR         |                                 21159    | FOR                         |  |
| Weyerhaeuser Company                    | 962166104 | 05/09/2025     | Approval, on an advisory basis, of the compensation of the named executive officers.                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         260    |                0 | FOR         |                                   260    | FOR                         |  |
| Zebra Technologies Corporation          | 989207105 | 05/08/2025     | Advisory vote to approve Named Executive Officers' compensation ("Say-on-Pay").                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        1085    |                0 | FOR         |                                  1085    | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Riverwater Partners LLC

**By (Signature):** Laura Peck

**By (Printed Signature):** Laura Peck

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

**Date:** 08/25/2025