# EDGAR Filing Document

**Accession Number:** 0001694127
**File Stem:** 0000935836-25-000541
**Filing Date:** 2025-8
**Character Count:** 4602
**Document Hash:** 4247d94c4e754f1c68d41fadb1c0f82c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000935836-25-000541.hdr.sgml**: 20250819

**ACCESSION NUMBER**: 0000935836-25-000541

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250819

**EFFECTIVENESS DATE**: 20250819

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LFL Advisers, LLC
- **CENTRAL INDEX KEY:** 0001694127

**ORGANIZATION NAME:**
- **EIN:** 680614244
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17640
- **FILM NUMBER:** 251231351

**BUSINESS ADDRESS:**
- **STREET 1:** 1560 SHERMAN AVENUE, STE 530
- **CITY:** EVANSTON
- **STATE:** IL
- **ZIP:** 60201
- **BUSINESS PHONE:** 8478688750

**MAIL ADDRESS:**
- **STREET 1:** 1560 SHERMAN AVENUE, STE 530
- **CITY:** EVANSTON
- **STATE:** IL
- **ZIP:** 60201

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

## N-PX: Filer Information

**Filer CIK:** 0001694127

**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:** LFL Advisers, LLC

**Address:** 1560 SHERMAN AVENUE, STE 530, EVANSTON, IL 60201

**Telephone number:** 847-868-8750

**Name of agent for service:** The Corporation Service Company

**Agent Address:** 251 Little Falls Drive, Wilmington, DE 19808

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

**SEC File Number:** 028-17640

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| AON PLC                   | G0403H108 | 06/27/2025     | Advisory vote to approve the compensation of the Company's named executive officers.  | SECTION 14A SAY-ON-PAY VOTES |          85314 |                0 | FOR         |                                    85314 | FOR                         |  |
| AUTOLIV INC               | 052800109 | 05/08/2025     | Advisory Vote on Autoliv, Inc.'s 2024 Executive Compensation.                         | SECTION 14A SAY-ON-PAY VOTES |         288698 |                0 | FOR         |                                   288698 | FOR                         |  |
| BANK NEW YORK MELLON CORP | 064058100 | 04/15/2025     | Advisory resolution to approve the 2024 compensation of our named executive officers. | SECTION 14A SAY-ON-PAY VOTES |         424631 |                0 | FOR         |                                   424631 | FOR                         |  |
| PROGRESSIVE CORP OHIO     | 743315103 | 05/09/2025     | Cast an advisory vote to approve our executive compensation program.                  | SECTION 14A SAY-ON-PAY VOTES |         114477 |                0 | FOR         |                                   114477 | FOR                         |  |
| TE CONNECTIVITY LTD       | G87052109 | 03/12/2025     | An advisory vote to approve named executive officer compensation.                     | SECTION 14A SAY-ON-PAY VOTES |         236209 |                0 | FOR         |                                   236209 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** LFL Advisers, LLC

**By (Signature):** /s/ Peter Lewis

**By (Printed Signature):** /s/ Peter Lewis

**By (Title):** Managing Partner

**Date:** 08/18/2025