# EDGAR Filing Document

**Accession Number:** 0001115373
**File Stem:** 0001172661-25-003992
**Filing Date:** 2025-8
**Character Count:** 56227
**Document Hash:** 5945926ebe050de4d2509c8b8ae04b53
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-003992.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001172661-25-003992

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEMPER AUGUSTUS INVESTMENTS GROUP LLC
- **CENTRAL INDEX KEY:** 0001115373

**ORGANIZATION NAME:**
- **EIN:** 841475899
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12692
- **FILM NUMBER:** 251278045

**BUSINESS ADDRESS:**
- **STREET 1:** 200 PLAZA DRIVE
- **STREET 2:** SUITE 240
- **CITY:** HIGHLANDS RANCH
- **STATE:** CO
- **ZIP:** 80129
- **BUSINESS PHONE:** 3038931214

**MAIL ADDRESS:**
- **STREET 1:** 200 PLAZA DRIVE
- **STREET 2:** SUITE 240
- **CITY:** HIGHLANDS RANCH
- **STATE:** CO
- **ZIP:** 80129

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

## N-PX: Filer Information

**Filer CIK:** 0001115373

**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:** SEMPER AUGUSTUS INVESTMENTS GROUP LLC

**Address:** 200 PLAZA DRIVE, HIGHLANDS RANCH, CO 80129

**Telephone number:** 303-893-1214

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-12692

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| ABBOTT LABORATORIES                      | 002824100 | 04/25/2025     | Say on Pay - An Advisory Vote on the Approval of Executive Compensation                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |    261           |                0 | AGAINST     |                            261           | AGAINST                     |  |
| ABCELLERA BIOLOGICS INC.                 | 00288U106 | 06/12/2025     | To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers, or Say-on-Pay.                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |     15           |                0 | AGAINST     |                             15           | AGAINST                     |  |
| AFFIRM HOLDINGS, INC.                    | 00827B106 | 12/09/2024     | To approve, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |     10           |                0 | AGAINST     |                             10           | AGAINST                     |  |
| ALASKA AIR GROUP, INC.                   | 011659109 | 05/08/2025     | Approval (on an advisory basis) the compensation of the Company's Named Executive Officers.                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 329926           |                0 | AGAINST     |                         329926           | AGAINST                     |  |
| AMAZON.COM, INC.                         | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |    500           |                0 | AGAINST     |                            500           | AGAINST                     |  |
| AMERICAN EXPRESS COMPANY                 | 025816109 | 04/29/2025     | Approval, on an advisory basis, of the Company's executive compensation.                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |   4432           |                0 | AGAINST     |                           4432           | AGAINST                     |  |
| AMGEN INC.                               | 031162100 | 05/23/2025     | Advisory vote to approve our executive compensation.                                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |    200           |                0 | AGAINST     |                            200           | AGAINST                     |  |
| APPLE INC.                               | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |   4140           |                0 | AGAINST     |                           4140           | AGAINST                     |  |
| ARCH CAPITAL GROUP LTD.                  | G0450A105 | 05/07/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |     20           |                0 | AGAINST     |                             20           | AGAINST                     |  |
| AVANTOR, INC.                            | 05352A100 | 05/08/2025     | Approve, on an Advisory Basis, Named Executive Officer Compensation.                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |     47           |                0 | AGAINST     |                             47           | AGAINST                     |  |
| BADGER METER, INC.                       | 056525108 | 04/25/2025     | ADVISORY VOTE TO APPROVE COMPENSATION OF OURNAMED EXECUTIVE OFFICERS.                                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |    200           |                0 | AGAINST     |                            200           | AGAINST                     |  |
| BARRICK GOLD CORPORATION                 | 067901108 | 05/06/2025     | ADVISORY RESOLUTION ON APPROACH TO EXECUTIVE COMPENSATION.                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |     50           |                0 | AGAINST     |                             50           | AGAINST                     |  |
| CARRIER GLOBAL CORPORATION               | 14448C104 | 04/09/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |    200           |                0 | AGAINST     |                            200           | AGAINST                     |  |
| CHEVRON CORPORATION                      | 166764100 | 05/28/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |   3760           |                0 | AGAINST     |                           3760           | AGAINST                     |  |
| COMMERCE BANCSHARES, INC.                | 200525103 | 04/25/2025     | Advisory approval of the Company's executive compensation("Say on Pay").                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |    849           |                0 | AGAINST     |                            849           | AGAINST                     |  |
| CONOCOPHILLIPS                           | 20825C104 | 05/13/2025     | Advisory Approval of Executive Compensation.                                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |    744           |                0 | AGAINST     |                            744           | AGAINST                     |  |
| CORTEVA INC.                             | 22052L104 | 04/30/2025     | Advisory resolution to approve executive compensation of theCompany's named executive officers.                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |    425           |                0 | AGAINST     |                            425           | AGAINST                     |  |
| COSTCO WHOLESALE CORPORATION             | 22160K105 | 01/23/2025     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |   4361           |                0 | AGAINST     |                           4361           | AGAINST                     |  |
| CUMMINS INC.                             | 231021106 | 05/13/2025     | Advisory vote to approve the compensation of our named executive officers as disclosed in the proxy statement.                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  37792           |                0 | AGAINST     |                          37792           | AGAINST                     |  |
| CURTISS-WRIGHT CORPORATION               | 231561101 | 05/08/2025     | An advisory (non-binding) vote to approve the compensation of the Company's named executive officers                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |      5           |                0 | AGAINST     |                              5           | AGAINST                     |  |
| DEXCOM, INC.                             | 252131107 | 05/08/2025     | To provide a non-binding advisory vote on the compensation of our named executive officers for the fiscal year ended December 31,2024.                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |     20           |                0 | AGAINST     |                             20           | AGAINST                     |  |
| DOLLAR GENERAL CORPORATION               | 256677105 | 05/29/2025     | To approve, on an advisory (non-binding) basis, the resolution regarding the compensation of Dollar General Corporation's named executive officers as disclosed in the proxy statement.                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 856809           |                0 | AGAINST     |                         856809           | AGAINST                     |  |
| DOLLAR TREE, INC.                        | 256746108 | 06/19/2025     | To approve, by a non-binding advisory vote, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 477822           |                0 | AGAINST     |                         477822           | AGAINST                     |  |
| DOW INC.                                 | 260557103 | 04/10/2025     | Advisory Resolution to Approve Executive Compensation                                                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |   3469           |                0 | AGAINST     |                           3469           | AGAINST                     |  |
| ELI LILLY AND COMPANY                    | 532457108 | 05/05/2025     | Approval, on an advisory basis, of the compensation paid to thecompany's named executive officers.                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      8           |                0 | AGAINST     |                              8           | AGAINST                     |  |
| EQUINOR ASA                              | 29446M102 | 05/14/2025     | The board of directors' report for salary and other remuneration for leading personnel                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 468670           |                0 | AGAINST     |                         468670           | AGAINST                     |  |
| EVEREST GROUP, LTD.                      | G3223R108 | 05/14/2025     | To approve, by non-binding advisory vote, 2024 compensation paid to the Company's Named Executive Officers.                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |    100           |                0 | AGAINST     |                            100           | AGAINST                     |  |
| EXXON MOBIL CORPORATION                  | 30231G102 | 05/28/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |  56272           |                0 | AGAINST     |                          56272           | AGAINST                     |  |
| FIDELITY NATIONAL FINANCIAL, INC.        | 31620R303 | 06/11/2025     | Approval of a non-binding advisory resolution on the compensation paid to our named executive officers.                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |    200           |                0 | AGAINST     |                            200           | AGAINST                     |  |
| FIDELITY NAT'L INFORMATION SERVICES,INC. | 31620M106 | 06/12/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |    150           |                0 | AGAINST     |                            150           | AGAINST                     |  |
| FIVE BELOW, INC.                         | 33829M101 | 06/12/2025     | To approve, by non-binding advisory vote, the Company's Named Executive Officer compensation.                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 302264           |                0 | AGAINST     |                         302264           | AGAINST                     |  |
| FIVE BELOW, INC.                         | 33829M101 | 06/12/2025     | Non-binding advisory vote on whether the frequency of the shareholder vote on our executive compensation should be every 1, 2 or 3 years.                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 302264           |                0 | 1 Year      |                         302264           | FOR                         |  |
| FLEX LTD.                                | Y2573F102 | 08/08/2024     | NON-BINDING, ADVISORY RESOLUTION. To approve thecompensation of the Company's named executive officers, asdisclosed pursuant to Item 402 of Regulation S-K, set forth in"Compensation Discussion and Analysis" and in the compensationtables and the accompanying narrative disclosure under"Executive Compensation" in the Company's proxy statementrelating to its 2024 Annual General Meeting. | SECTION 14A SAY-ON-PAY VOTES |   5090           |                0 | AGAINST     |                           5090           | AGAINST                     |  |
| FRANCO-NEVADA CORPORATION                | 351858105 | 05/08/2025     | Say-on-Pay Advisory Resolution Acceptance of the Corporation's approach to executive compensation.                                                                                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |    150           |                0 | AGAINST     |                            150           | AGAINST                     |  |
| GE AEROSPACE                             | 369604301 | 05/06/2025     | Advisory Approval of Our Named Executives' Compensation                                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |   7650           |                0 | AGAINST     |                           7650           | AGAINST                     |  |
| GE HEALTHCARE TECHNOLOGIES INC.          | 36266G107 | 05/28/2025     | Approval of our named executive officers' compensation in an advisory vote.                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |   3584           |                0 | AGAINST     |                           3584           | AGAINST                     |  |
| GE VERNOVA INC.                          | 36828A101 | 05/14/2025     | Approve the compensation of our named executives officers in an advisory vote                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |   2990           |                0 | AGAINST     |                           2990           | AGAINST                     |  |
| GE VERNOVA INC.                          | 36828A101 | 05/14/2025     | Approve the frequency of future advisory votes on named executive officers compensation in an advisory vote                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |   2990           |                0 | 1 Year      |                           2990           | FOR                         |  |
| HF SINCLAIR CORPORATION                  | 403949100 | 05/14/2025     | Approval, on an advisory basis, of the compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 274954           |                0 | AGAINST     |                         274954           | AGAINST                     |  |
| HUBBELL INCORPORATED                     | 443510607 | 05/06/2025     | To approve, by advisory vote, the compensation of our Named Executive Officers as presented in the 2025 Proxy Statement.                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |     75           |                0 | AGAINST     |                             75           | AGAINST                     |  |
| JOHNSON  JOHNSON                         | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |    620           |                0 | AGAINST     |                            620           | AGAINST                     |  |
| KINROSS GOLD CORPORATION                 | 496902404 | 05/07/2025     | To consider and, if deemed appropriate, to pass an advisory resolution on Kinross' approach to executive compensation.                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      4.27858e+06 |                0 | AGAINST     |                              4.27858e+06 | AGAINST                     |  |
| MASTERCARD INCORPORATED                  | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |     12.0833      |                0 | AGAINST     |                             12.0833      | AGAINST                     |  |
| MERCK  CO., INC.                         | 58933Y105 | 05/27/2025     | Non-binding advisory vote to approve the compensation of our named executive officers.                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |  43043           |                0 | AGAINST     |                          43043           | AGAINST                     |  |
| MICROCHIP TECHNOLOGY INCORPORATED        | 595017104 | 08/20/2024     | Proposal to approve, on an advisory (non-binding) basis, thecompensation of our named executives.                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |   2418           |                0 | AGAINST     |                           2418           | AGAINST                     |  |
| MICROSOFT CORPORATION                    | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation("say-on-pay vote").                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |    326           |                0 | AGAINST     |                            326           | AGAINST                     |  |
| NEWMONT CORPORATION                      | 651639106 | 04/30/2025     | Approval of the advisory resolution on Newmont's executivecompensation.                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 623804           |                0 | AGAINST     |                         623804           | AGAINST                     |  |
| NEXTRACKER INC.                          | 65290E101 | 08/19/2024     | The approval, on an advisory basis, of the compensation of ournamed executive officers.                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |    886           |                0 | AGAINST     |                            886           | AGAINST                     |  |
| NIKE, INC.                               | 654106103 | 09/10/2024     | To approve executive compensation by an advisory vote.                                                                                                                                                                                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |  32394           |                0 | AGAINST     |                          32394           | AGAINST                     |  |
| NVENT ELECTRIC PLC                       | G6700G107 | 05/16/2025     | Approve, by Non-Binding Advisory Vote, the Compensation of the Named Executive Officers                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |    532           |                0 | AGAINST     |                            532           | AGAINST                     |  |
| NVENT ELECTRIC PLC                       | G6700G107 | 05/16/2025     | Recommend, by Non-Binding Advisory Vote, the Frequency of Advisory Votes on the Compensation of Named Executive Officers                                                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |    532           |                0 | 1 Year      |                            532           | FOR                         |  |
| NVIDIA CORPORATION                       | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |    926           |                0 | AGAINST     |                            926           | AGAINST                     |  |
| NXP SEMICONDUCTORS N.V.                  | N6596X109 | 06/11/2025     | Non-binding, advisory vote to approve Named Executive Officer compensation                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |  12875           |                0 | AGAINST     |                          12875           | AGAINST                     |  |
| OCCIDENTAL PETROLEUM CORPORATION         | 674599105 | 05/02/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |    679.386       |                0 | AGAINST     |                            679.386       | AGAINST                     |  |
| OLIN CORPORATION                         | 680665205 | 05/01/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 652385           |                0 | AGAINST     |                         652385           | AGAINST                     |  |
| ORGANON  CO.                             | 68622V106 | 06/10/2025     | Approve, on a non-binding advisory basis, the compensation of Organon's Named Executive Officers.                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |   4230           |                0 | AGAINST     |                           4230           | AGAINST                     |  |
| OVINTIV INC.                             | 69047Q102 | 05/01/2025     | Advisory Vote to Approve Compensation of Named Executive Officers                                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |  16487           |                0 | AGAINST     |                          16487           | AGAINST                     |  |
| PEPSICO, INC.                            | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |    625           |                0 | AGAINST     |                            625           | AGAINST                     |  |
| PHILLIPS 66                              | 718546104 | 05/21/2025     | ADVISORY APPROVAL OF EXECUTIVE COMPENSATION                                                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |   1472           |                0 | AGAINST     |                           1472           | AGAINST                     |  |
| PHILLIPS 66                              | 718546104 | 05/21/2025     | ADVISORY APPROVAL OF FREQUENCY OF FUTURE ADVISORY APPROVALS OF EXECUTIVE COMPENSATION                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |   1472           |                0 | 1 Year      |                           1472           | 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 |      0           |                0 | No Vote     |                              0           | 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 |      0           |                0 | No Vote     |                              0           | NONE                        |  |
| PROLOGIS, INC.                           | 74340W103 | 05/08/2025     | Advisory Vote to Approve the Company's Executive Compensation for 2024.                                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |     23           |                0 | AGAINST     |                             23           | 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 |   2430           |                0 | AGAINST     |                           2430           | AGAINST                     |  |
| RTX CORPORATION                          | 75513E101 | 05/01/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |     55           |                0 | AGAINST     |                             55           | AGAINST                     |  |
| SAIA, INC.                               | 78709Y105 | 04/24/2025     | Approve on an advisory basis the compensation of Saia's Named Executive Officers.                                                                                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |    200           |                0 | AGAINST     |                            200           | AGAINST                     |  |
| SCHLUMBERGER LIMITED (SCHLUMBERGER N.V.) | 806857108 | 04/02/2025     | Advisory approval of our executive compensation.                                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |    249           |                0 | AGAINST     |                            249           | AGAINST                     |  |
| SEACOR MARINE HOLDINGS INC.              | 78413P101 | 06/03/2025     | Advisory vote to approve Named Executive Officer compensation (Say on Pay)                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 194127           |                0 | AGAINST     |                         194127           | AGAINST                     |  |
| SHELL PLC                                | 780259305 | 05/20/2025     | Approval of Directors' Remuneration Report                                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |   4968           |                0 | AGAINST     |                           4968           | AGAINST                     |  |
| STARBUCKS CORPORATION                    | 855244109 | 03/12/2025     | Approve, on an advisory, nonbinding basis, the compensation ofour named executive officers.                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 220366           |                0 | AGAINST     |                         220366           | AGAINST                     |  |
| SUBSEA 7 S.A.                            | 864323100 | 05/08/2025     | To approve by an advisory vote the remuneration report of the Company for the financial year ended 31 December 2024 as published on 21 March 2025 which is available on the Company's website at www.subsea7.com.                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 918762           |                0 | AGAINST     |                         918762           | AGAINST                     |  |
| SYNCHRONY FINANCIAL                      | 87165B103 | 06/17/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |   4437           |                0 | AGAINST     |                           4437           | AGAINST                     |  |
| TERADYNE, INC.                           | 880770102 | 05/09/2025     | To approve, on a non-binding, advisory basis, the 2024 compensation of the Company's named executive officers.                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      7           |                0 | AGAINST     |                              7           | AGAINST                     |  |
| THE COCA-COLA COMPANY                    | 191216100 | 04/30/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |  22273           |                0 | AGAINST     |                          22273           | AGAINST                     |  |
| THE GOLDMAN SACHSGROUP, INC.             | 38141G104 | 04/23/2025     | Advisory Vote to Approve Executive Compensation (Say on Pay)                                                                                                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |     10           |                0 | AGAINST     |                             10           | AGAINST                     |  |
| THE HOME DEPOT, INC.                     | 437076102 | 05/22/2025     | Advisory Vote to Approve Executive Compensation ("Say-on-Pay")                                                                                                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |    225           |                0 | AGAINST     |                            225           | AGAINST                     |  |
| THE PROCTER  GAMBLE COMPANY              | 742718109 | 10/08/2024     | Advisory Vote to Approve the Company's Executive Compensation(the "Say on Pay" vote).                                                                                                                                                                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |    600           |                0 | AGAINST     |                            600           | AGAINST                     |  |
| THE PROGRESSIVE CORPORATION              | 743315103 | 05/09/2025     | Cast an advisory vote to approve our executive compensation program.                                                                                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |     31           |                0 | AGAINST     |                             31           | AGAINST                     |  |
| THE TRAVELERS COMPANIES, INC.            | 89417E109 | 05/21/2025     | Non-binding vote to approve executive compensation.                                                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  20155           |                0 | AGAINST     |                          20155           | AGAINST                     |  |
| THE WALT DISNEY COMPANY                  | 254687106 | 03/20/2025     | Consideration of an advisory vote to approve executivecompensation.                                                                                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 131599           |                0 | AGAINST     |                         131599           | AGAINST                     |  |
| TYLER TECHNOLOGIES, INC.                 | 902252105 | 05/06/2025     | Advisory Approval of Our Executive Compensation.                                                                                                                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |      5           |                0 | AGAINST     |                              5           | 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 |     15           |                0 | AGAINST     |                             15           | AGAINST                     |  |
| UNITEDHEALTH GROUP INCORPORATED          | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |     65           |                0 | AGAINST     |                             65           | AGAINST                     |  |
| VALERO ENERGY CORPORATION                | 91913Y100 | 05/06/2025     | Advisory vote to approve the 2024 compensation of named executive officers.                                                                                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 182633           |                0 | AGAINST     |                         182633           | AGAINST                     |  |
| VISA INC.                                | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to ournamed executive officers.                                                                                                                                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |    148           |                0 | AGAINST     |                            148           | AGAINST                     |  |

## N-PX: Signature Block

**Reporting Person:** SEMPER AUGUSTUS INVESTMENTS GROUP LLC

**By (Signature):** Chad S. Christensen

**By (Printed Signature):** Chad S. Christensen

**By (Title):** Vice President/Partner

**Date:** 08/29/2025