# EDGAR Filing Document

**Accession Number:** 0001732811
**File Stem:** 0001438934-25-000342
**Filing Date:** 2025-7
**Character Count:** 6843
**Document Hash:** acfd0389085009a556f2d44bcdfe715c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001438934-25-000342.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001438934-25-000342

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250725

**EFFECTIVENESS DATE**: 20250725

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFN Partners Management, LP
- **CENTRAL INDEX KEY:** 0001732811

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19231
- **FILM NUMBER:** 251151001

**BUSINESS ADDRESS:**
- **STREET 1:** 222 BERKELEY STREET, 13TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-443-2040

**MAIL ADDRESS:**
- **STREET 1:** 222 BERKELEY STREET, 13TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

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

## N-PX: Filer Information

**Filer CIK:** 0001732811

**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:** MFN Partners Management, LP

**Address:** 222 Berkeley Street 13th Floor, Boston, MA 02116

**Telephone number:** 617 443 2040

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-19231

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| BAUSCH HEALTH COMPANIES, INC.    | 071734107 | 05/13/2025     | The approval, in an advisory vote, of the compensation of our Named Executive Officers.     | SECTION 14A SAY-ON-PAY VOTES |        6000000 |                0 | FOR         |                                  6000000 | FOR                         |  |
| CNX RESOURCES CORPORATION        | 12653C108 | 05/01/2025     | Advisory Approval of CNX's Named Executive Officer Compensation.                            | SECTION 14A SAY-ON-PAY VOTES |        2377275 |                0 | FOR         |                                  2377275 | FOR                         |  |
| HCA HEALTHCARE, INC.             | 40412C101 | 04/24/2025     | Advisory vote to approve named executive officer compensation.                              | SECTION 14A SAY-ON-PAY VOTES |         439795 |                0 | FOR         |                                   439795 | FOR                         |  |
| IVANHOE ELECTRIC INC.            | 46578C108 | 06/05/2025     | Non Binding, Advisory Vote to Approve Executive Compensation.                               | SECTION 14A SAY-ON-PAY VOTES |         588389 |                0 | FOR         |                                   588389 | FOR                         |  |
| PENNYMAC FINANCIAL SERVICES, INC | 70932M107 | 06/18/2025     | To approve, by non-binding vote, our executive compensation.                                | SECTION 14A SAY-ON-PAY VOTES |        4531792 |                0 | FOR         |                                  4531792 | FOR                         |  |
| QXO, INC.                        | 82846H405 | 12/09/2024     | Advisory vote to approve executive compensation.                                            | SECTION 14A SAY-ON-PAY VOTES |       53908701 |                0 | FOR         |                                 53908701 | FOR                         |  |
| QXO, INC.                        | 82846H405 | 12/09/2024     | Advisory vote on the frequency of future advisory votes to approve executive compensation.  | SECTION 14A SAY-ON-PAY VOTES |       53908701 |                0 | 1 YEAR      |                                 53908701 | FOR                         |  |
| QXO, INC.                        | 82846H405 | 05/12/2025     | Advisory vote to approve executive compensation.                                            | SECTION 14A SAY-ON-PAY VOTES |       43848165 |                0 | FOR         |                                 43848165 | FOR                         |  |
| RXO INC                          | 74982T103 | 05/21/2025     | Advisory Vote to Approve Executive Compensation.                                            | SECTION 14A SAY-ON-PAY VOTES |       24752665 |                0 | FOR         |                                 24752665 | FOR                         |  |
| TALEN ENERGY CORPORATION         | 87422Q109 | 05/07/2025     | To approve, on an advisory basis, the compensation of our named executive officers.         | SECTION 14A SAY-ON-PAY VOTES |        2947339 |                0 | FOR         |                                  2947339 | FOR                         |  |
| TALEN ENERGY CORPORATION         | 87422Q109 | 05/07/2025     | To approve, on an advisory basis, the frequency of advisory vote on executive compensation. | SECTION 14A SAY-ON-PAY VOTES |        2947339 |                0 | 1 YEAR      |                                  2947339 | FOR                         |  |
| XPO, INC.                        | 983793100 | 05/15/2025     | Advisory vote to approve executive compensation.                                            | SECTION 14A SAY-ON-PAY VOTES |        8761484 |                0 | FOR         |                                  8761484 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** MFN Partners Management, LP

**By (Signature):** Jonathan Reisman

**By (Printed Signature):** Jonathan Reisman

**By (Title):** Authorized Person

**Date:** 07/25/2025