# EDGAR Filing Document

**Accession Number:** 0001259313
**File Stem:** 0001104659-25-085743
**Filing Date:** 2025-8
**Character Count:** 6350
**Document Hash:** 3984f2fd298cbe8f3949c47323178434
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-085743.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001104659-25-085743

**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:** ARES MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001259313

**ORGANIZATION NAME:**
- **EIN:** 010605583
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12990
- **FILM NUMBER:** 251281544

**BUSINESS ADDRESS:**
- **STREET 1:** 1800 AVENUE OF THE STARS
- **STREET 2:** SUITE 1400
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90067
- **BUSINESS PHONE:** 310-201-4100

**MAIL ADDRESS:**
- **STREET 1:** 1800 AVENUE OF THE STARS
- **STREET 2:** SUITE 1400
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90067

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

## N-PX: Filer Information

**Filer CIK:** 0001259313

**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:** ARES MANAGEMENT LLC

**Address:** 1800 Avenue of the Stars, Los Angeles, CA 90067

**Telephone number:** 310-201-4100

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-12990

**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:** 4

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| SilverBow Resources, Inc.            | 82836G102 | 07/29/2024     | Advisory Vote on Golden Parachutes                                   | SECTION 14A SAY-ON-PAY VOTES |          77903 |                0 | FOR         |                                    77903 | FOR                         |  |
| Hercules Capital, Inc.               | 427096508 | 08/15/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation       | SECTION 14A SAY-ON-PAY VOTES |         143038 |                0 | FOR         |                                   143038 | FOR                         |  |
| Frontier Communications Parent, Inc. | 35909D109 | 11/13/2024     | Advisory Vote on Golden Parachutes                                   | SECTION 14A SAY-ON-PAY VOTES |       38415310 |                0 | FOR         |                                 38415310 | FOR                         |  |
| POSCO M-TECH Co., Ltd.               | Y7472C100 | 03/24/2025     | Approve Total Remuneration of Inside Directors and Outside Directors | SECTION 14A SAY-ON-PAY VOTES |             80 |                0 | FOR         |                                       80 | FOR                         |  |
| Claritev Corporation                 | 62548M209 | 04/30/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation       | SECTION 14A SAY-ON-PAY VOTES |        1863105 |                0 | FOR         |                                  1863105 | FOR                         |  |
| Lear Corporation                     | 521865204 | 05/16/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation       | SECTION 14A SAY-ON-PAY VOTES |            513 |                0 | FOR         |                                      513 | FOR                         |  |
| Frontier Communications Parent, Inc. | 35909D109 | 05/21/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation       | SECTION 14A SAY-ON-PAY VOTES |        6250329 |                0 | FOR         |                                  6250329 | FOR                         |  |
| Clear Channel Outdoor Holdings, Inc. | 18453H106 | 05/29/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation       | SECTION 14A SAY-ON-PAY VOTES |       44013358 |                0 | FOR         |                                 44013358 | FOR                         |  |
| Altice USA, Inc.                     | 02156K103 | 06/11/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation       | SECTION 14A SAY-ON-PAY VOTES |        3547478 |                0 | FOR         |                                  3547478 | FOR                         |  |
| Altice USA, Inc.                     | 02156K103 | 06/11/2025     | Advisory Vote on Say on Pay Frequency                                | SECTION 14A SAY-ON-PAY VOTES |        3547478 |                0 | THREE YEARS |                                  3547478 | FOR                         |  |
| Hercules Capital, Inc.               | 427096508 | 06/18/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation       | SECTION 14A SAY-ON-PAY VOTES |         201606 |                0 | FOR         |                                   201606 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** ARES MANAGEMENT LLC

**By (Signature):** Richa Gulati

**By (Printed Signature):** Richa Gulati

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

**Date:** 08/29/2025