# EDGAR Filing Document

**Accession Number:** 0001984180
**File Stem:** 0001438934-25-000248
**Filing Date:** 2025-7
**Character Count:** 45732
**Document Hash:** fc0d1b69ce5c0e804c3c01f9f5a42b58
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001438934-25-000248.hdr.sgml**: 20250716

**ACCESSION NUMBER**: 0001438934-25-000248

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250716

**EFFECTIVENESS DATE**: 20250716

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Eldred Rock Partners, LLC
- **CENTRAL INDEX KEY:** 0001984180

**ORGANIZATION NAME:**
- **EIN:** 872027730
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** 984500CDBB98H9BCD375

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23498
- **FILM NUMBER:** 251127269

**BUSINESS ADDRESS:**
- **STREET 1:** 7330 SAN PEDRO AVE
- **STREET 2:** STE 505
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78216
- **BUSINESS PHONE:** 726-208-0800

**MAIL ADDRESS:**
- **STREET 1:** 7330 SAN PEDRO AVE
- **STREET 2:** STE 505
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78216

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

## N-PX: Filer Information

**Filer CIK:** 0001984180

**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:** Eldred Rock Partners, LLC

**Address:** 7330 San Pedro Ave, San Antonio, TX 78216

**Telephone number:** 726-208-0800

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-23498

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 984500CDBB98H9BCD375

**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?:**

- [ ] No

- [x] 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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| ACCENTURE PLC                        | G1151C101 | 02/06/2025     | To approve, in a non-binding vote, the compensation of our named executive officers.                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |       1373     |                0 | AGAINST     |                                 1373     | AGAINST                     |  |
| AMERICAN TOWER CORPORATION           | 03027X100 | 05/14/2025     | To approve, on an advisory basis, the Company's executive compensation.                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |       2598     |                0 | FOR         |                                 2598     | FOR                         |  |
| AUTOZONE, INC.                       | 053332102 | 12/18/2024     | Approval of an advisory vote on the compensation of named executive officers                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         93     |                0 | FOR         |                                   93     | FOR                         |  |
| BROOKFIELD CORPORATION               | 11271J107 | 06/06/2025     | Say on Pay Resolution The Say on Pay Resolution set out in the Circular.                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      19071     |                0 | AGAINST     |                                19071     | AGAINST                     |  |
| CARMAX, INC.                         | 143130102 | 06/24/2025     | To approve, in an advisory (non-binding) vote, the compensation of our named executive officers.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |       9909     |                0 | FOR         |                                 9909     | FOR                         |  |
| 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 |       1518     |                0 | FOR         |                                 1518     | FOR                         |  |
| DISCOVER FINANCIAL SERVICES          | 254709108 | 02/18/2025     | Approval of, on an advisory (non-binding) basis, the merger related compensation payments that will or may be paid to named executive officers of Discover in connection with the transactions contemplated by the merger agreement.                                          | SECTION 14A SAY-ON-PAY VOTES |       3678     |                0 | AGAINST     |                                 3678     | AGAINST                     |  |
| EMERSON ELECTRIC CO.                 | 291011104 | 02/04/2025     | Approval, by non-binding advisory vote, of Emerson Electric Co. executive compensation.                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |       4196     |                0 | AGAINST     |                                 4196     | AGAINST                     |  |
| MEDTRONIC PLC                        | G5960L103 | 10/17/2024     | Approving, on an advisory basis, the Company's executive compensation.                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |       3528     |                0 | AGAINST     |                                 3528     | 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 |       7266     |                0 | FOR         |                                 7266     | FOR                         |  |
| MICROCHIP TECHNOLOGY INCORPORATED    | 595017104 | 08/20/2024     | Proposal to approve, on an advisory (non-binding) basis, the compensation of our named executives.                                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |       4952     |                0 | FOR         |                                 4952     | FOR                         |  |
| NIKE, INC.                           | 654106103 | 09/10/2024     | To approve executive compensation by an advisory vote.                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |       2988     |                0 | FOR         |                                 2988     | FOR                         |  |
| PEPSICO, INC.                        | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |       2923     |                0 | AGAINST     |                                 2923     | AGAINST                     |  |
| PHILLIPS 66                          | 718546104 | 05/21/2025     | ADVISORY APPROVAL OF EXECUTIVE COMPENSATION                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |       6084     |                0 | AGAINST     |                                 6084     | AGAINST                     |  |
| PHILLIPS 66                          | 718546104 | 05/21/2025     | ADVISORY APPROVAL OF FREQUENCY OF FUTURE ADVISORY APPROVALS OF EXECUTIVE COMPENSATION                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |       6084     |                0 | 1 YEAR      |                                 6084     | FOR                         |  |
| SYSCO CORPORATION                    | 871829107 | 11/15/2024     | To approve, by advisory vote, the compensation paid to Sysco's named executive officers, as disclosed in Sysco's 2024 proxy statement.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |       5191     |                0 | FOR         |                                 5191     | FOR                         |  |
| T. ROWE PRICE GROUP, INC.            | 74144T108 | 05/08/2025     | Approve, by a non-binding advisory vote, the compensation paid by the Company to its Named Executive Officers.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |       3138     |                0 | AGAINST     |                                 3138     | AGAINST                     |  |
| TEXAS INSTRUMENTS INCORPORATED       | 882508104 | 04/17/2025     | Board proposal regarding advisory approval of the Company's executive compensation.                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |       2142     |                0 | AGAINST     |                                 2142     | AGAINST                     |  |
| UNITEDHEALTH GROUP INCORPORATED      | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |       1442     |                0 | AGAINST     |                                 1442     | AGAINST                     |  |
| VONTIER CORPORATION                  | 928881101 | 05/27/2025     | To approve, on an advisory basis, Vontier's named executive officer compensation as disclosed in the Proxy Statement.                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      28577     |                0 | AGAINST     |                                28577     | AGAINST                     |  |
| WELLS FARGO  COMPANY                 | 949746101 | 04/29/2025     | Advisory vote to approve executive compensation (Say on Pay).                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |       6909     |                0 | AGAINST     |                                 6909     | AGAINST                     |  |
| ACCENTURE PLC                        | G1151C101 | 02/06/2025     | To approve, in a non-binding vote, the compensation of our named executive officers.                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |      28162     |                0 | AGAINST     |                                28162     | AGAINST                     |  |
| ADVANCED MICRO DEVICES, INC.         | 007903107 | 05/14/2025     | Approve on a non-binding, advisory basis the compensation of the named executive officers, as disclosed in this proxy statement pursuant to the compensation disclosure rules of the U.S. Securities and Exchange Commission.                                                 | SECTION 14A SAY-ON-PAY VOTES |         22     |                0 | FOR         |                                   22     | FOR                         |  |
| AMAZON.COM, INC.                     | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        324     |                0 | FOR         |                                  324     | FOR                         |  |
| AMERICAN TOWER CORPORATION           | 03027X100 | 05/14/2025     | To approve, on an advisory basis, the Company's executive compensation.                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      57642.3   |                0 | FOR         |                                57642.3   | FOR                         |  |
| APPLE INC.                           | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        505     |                0 | FOR         |                                  505     | FOR                         |  |
| APPLIED MATERIALS, INC.              | 038222105 | 03/06/2025     | Approval, on an advisory basis, of the compensation of Applied Materials' named executive officers for fiscal year 2024.                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         20     |                0 | FOR         |                                   20     | FOR                         |  |
| ASML HOLDINGS N.V.                   | N07059210 | 04/23/2025     | Advisory vote on the remuneration report for the Board of Management and the Supervisory Board for the financial year 2024                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |       9634     |                0 | FOR         |                                 9634     | FOR                         |  |
| BROADWIND, INC.                      | 11161T207 | 05/15/2025     | To cast a non-binding advisory vote approving the compensation of the Company's named executive officers.                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |       1149     |                0 | FOR         |                                 1149     | FOR                         |  |
| BROOKFIELD CORPORATION               | 11271J107 | 06/06/2025     | Say on Pay Resolution The Say on Pay Resolution set out in the Circular.                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |     273110     |                0 | AGAINST     |                               273110     | AGAINST                     |  |
| CARMAX, INC.                         | 143130102 | 06/24/2025     | To approve, in an advisory (non-binding) vote, the compensation of our named executive officers.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |     141997     |                0 | FOR         |                               141997     | FOR                         |  |
| CHEVRON CORPORATION                  | 166764100 | 05/28/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        570     |                0 | FOR         |                                  570     | FOR                         |  |
| COHEN  STEERS, INC.                  | 19247A100 | 05/01/2025     | Approval, by non-binding advisory vote, of the compensation of the company's named executive officers.                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         15     |                0 | FOR         |                                   15     | FOR                         |  |
| COLGATE-PALMOLIVE COMPANY            | 194162103 | 05/09/2025     | Advisory vote on executive compensation.                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        400     |                0 | FOR         |                                  400     | FOR                         |  |
| 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 |      33326.4   |                0 | FOR         |                                33326.4   | FOR                         |  |
| DIAGEO PLC                           | 25243Q205 | 09/26/2024     | Directors' remuneration report 2024.                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |      24364     |                0 | FOR         |                                24364     | FOR                         |  |
| DISCOVER FINANCIAL SERVICES          | 254709108 | 02/18/2025     | Approval of, on an advisory (non-binding) basis, the merger related compensation payments that will or may be paid to named executive officers of Discover in connection with the transactions contemplated by the merger agreement.                                          | SECTION 14A SAY-ON-PAY VOTES |      74792     |                0 | AGAINST     |                                74792     | AGAINST                     |  |
| EMERSON ELECTRIC CO.                 | 291011104 | 02/04/2025     | Approval, by non-binding advisory vote, of Emerson Electric Co. executive compensation.                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      85160     |                0 | AGAINST     |                                85160     | AGAINST                     |  |
| FEDEX CORPORATION                    | 31428X106 | 09/23/2024     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          6     |                0 | FOR         |                                    6     | FOR                         |  |
| FORD MOTOR COMPANY                   | 345370860 | 05/08/2025     | An Advisory Vote to Approve the Compensation of the Named Executives.                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        271.912 |                0 | FOR         |                                  271.912 | FOR                         |  |
| 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 |         18     |                0 | FOR         |                                   18     | FOR                         |  |
| 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 |         18     |                0 | 1 YEAR      |                                   18     | FOR                         |  |
| INTERACTIVE BROKERS GROUP, INC.      | 45841N107 | 04/17/2025     | To approve, by non-binding vote, executive compensation.                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         14     |                0 | FOR         |                                   14     | FOR                         |  |
| INTERNATIONAL BANCSHARES CORPORATION | 459044103 | 05/19/2025     | PROPOSAL TO CONSIDER AND VOTE ON a non-binding advisory resolution to approve the compensation of the Company's named executives as described in the Compensation Discussion and Analysis and the tabular disclosure regarding executive compensation in the Proxy Statement. | SECTION 14A SAY-ON-PAY VOTES |     133735     |                0 | FOR         |                               133735     | FOR                         |  |
| INTERNATIONAL BANCSHARES CORPORATION | 459044103 | 05/19/2025     | PROPOSAL TO CONSIDER AND VOTE ON a non-binding advisory resolution to approve the frequency of the approval of the Company's executive compensation.                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |     133735     |                0 | 1 YEAR      |                               133735     | FOR                         |  |
| INTUIT INC.                          | 461202103 | 01/23/2025     | Advisory vote to approve Intuit's executive compensation (say-on-pay).                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          5     |                0 | FOR         |                                    5     | FOR                         |  |
| INTUITIVE SURGICAL, INC.             | 46120E602 | 05/01/2025     | To approve, by advisory vote, the compensation of the Company's Named Executive Officers.                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |          7     |                0 | FOR         |                                    7     | FOR                         |  |
| LAM RESEARCH CORPORATION             | 512807108 | 11/05/2024     | Advisory vote to approve the compensation of the named executive officers of Lam Research, or "Say on Pay."                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |      14891     |                0 | FOR         |                                14891     | FOR                         |  |
| 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 |     103669     |                0 | FOR         |                               103669     | FOR                         |  |
| META PLATFORMS, INC.                 | 30303M102 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement.                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         12     |                0 | FOR         |                                   12     | FOR                         |  |
| META PLATFORMS, INC.                 | 30303M102 | 05/28/2025     | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years.                                                                   | SECTION 14A SAY-ON-PAY VOTES |         12     |                0 | 3 YEARS     |                                   12     | 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 |         51     |                0 | FOR         |                                   51     | FOR                         |  |
| MOODY'S CORPORATION                  | 615369105 | 04/15/2025     | Advisory resolution approving executive compensation.                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        150     |                0 | FOR         |                                  150     | FOR                         |  |
| NATIONAL BANK OF CANADA              | 633067103 | 04/24/2025     | Advisory resolution to accept the approach taken by the Bank's Board of Directors with respect to executive compensation. The text of the resolution is set out in Section 1 of the Management Proxy Circular.                                                                | SECTION 14A SAY-ON-PAY VOTES |        400     |                0 | FOR         |                                  400     | FOR                         |  |
| NESTLE S.A.                          | 641069406 | 04/16/2025     | Acceptance of the Compensation Report 2024 (advisory vote)                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      40196     |                0 | FOR         |                                40196     | FOR                         |  |
| NETFLIX, INC.                        | 64110L106 | 06/05/2025     | Advisory approval of named executive officer compensation.                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |          8     |                0 | FOR         |                                    8     | FOR                         |  |
| NIKE, INC.                           | 654106103 | 09/10/2024     | To approve executive compensation by an advisory vote.                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         20     |                0 | FOR         |                                   20     | FOR                         |  |
| NOVARTIS AG                          | 66987V109 | 03/07/2025     | Advisory vote on the 2024 Compensation Report.                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      33575     |                0 | ABSTAIN     |                                33575     | AGAINST                     |  |
| NVIDIA CORPORATION                   | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        230     |                0 | FOR         |                                  230     | FOR                         |  |
| OTIS WORLDWIDE CORPORATION           | 68902V107 | 05/15/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        400     |                0 | FOR         |                                  400     | FOR                         |  |
| PAYPAL HOLDINGS, INC.                | 70450Y103 | 06/05/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          1     |                0 | FOR         |                                    1     | FOR                         |  |
| PEPSICO, INC.                        | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      64621.2   |                0 | AGAINST     |                                64621.2   | AGAINST                     |  |
| PHILLIPS 66                          | 718546104 | 05/21/2025     | ADVISORY APPROVAL OF EXECUTIVE COMPENSATION                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |      86691     |                0 | AGAINST     |                                86691     | AGAINST                     |  |
| PHILLIPS 66                          | 718546104 | 05/21/2025     | ADVISORY APPROVAL OF FREQUENCY OF FUTURE ADVISORY APPROVALS OF EXECUTIVE COMPENSATION                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      86691     |                0 | 1 YEAR      |                                86691     | FOR                         |  |
| SALESFORCE, INC.                     | 79466L302 | 06/05/2025     | Approval, on an advisory basis, of the fiscal 2025 compensation of our named executive officers.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         15     |                0 | FOR         |                                   15     | FOR                         |  |
| SERVICENOW, INC.                     | 81762P102 | 05/22/2025     | Advisory vote to approve ServiceNow's named executive officer compensation.                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          5     |                0 | FOR         |                                    5     | FOR                         |  |
| SNOWFLAKE INC.                       | 833445109 | 07/02/2024     | To approve, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |          3     |                0 | FOR         |                                    3     | FOR                         |  |
| T. ROWE PRICE GROUP, INC.            | 74144T108 | 05/08/2025     | Approve, by a non-binding advisory vote, the compensation paid by the Company to its Named Executive Officers.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      69263.2   |                0 | AGAINST     |                                69263.2   | AGAINST                     |  |
| TARGET CORPORATION                   | 87612E106 | 06/11/2025     | Company proposal to approve, on an advisory basis, our executive compensation (Say on Pay).                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          5     |                0 | FOR         |                                    5     | FOR                         |  |
| TEXAS INSTRUMENTS INCORPORATED       | 882508104 | 04/17/2025     | Board proposal regarding advisory approval of the Company's executive compensation.                                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      46891     |                0 | AGAINST     |                                46891     | AGAINST                     |  |
| THE BANK OF NOVA SCOTIA              | 064149107 | 04/08/2025     | Advisory vote on non-binding resolution on executive compensation approach.                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |     116573     |                0 | FOR         |                               116573     | FOR                         |  |
| THE ESTEE LAUDER COMPANIES INC.      | 518439104 | 11/08/2024     | Advisory vote to approve executive compensation.                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         15     |                0 | FOR         |                                   15     | FOR                         |  |
| THE HOME DEPOT, INC.                 | 437076102 | 05/22/2025     | Advisory Vote to Approve Executive Compensation ("Say-on-Pay")                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         14     |                0 | FOR         |                                   14     | FOR                         |  |
| THE WALT DISNEY COMPANY              | 254687106 | 03/20/2025     | Consideration of an advisory vote to approve executive compensation.                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         64     |                0 | FOR         |                                   64     | FOR                         |  |
| TYLER TECHNOLOGIES, INC.             | 902252105 | 05/06/2025     | Advisory Approval of Our Executive Compensation.                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        160     |                0 | FOR         |                                  160     | FOR                         |  |
| U.S. BANCORP                         | 902973304 | 04/15/2025     | An advisory vote to approve the compensation of our executives disclosed in the proxy statement.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        315     |                0 | FOR         |                                  315     | FOR                         |  |
| UNILEVER PLC                         | 904767704 | 04/30/2025     | To approve the Directors' Remuneration Report.                                                                                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      82702.6   |                0 | FOR         |                                82702.6   | FOR                         |  |
| UNITED PARCEL SERVICE, INC.          | 911312106 | 05/08/2025     | To approve on an advisory basis named executive officer compensation.                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        500     |                0 | FOR         |                                  500     | FOR                         |  |
| UNITEDHEALTH GROUP INCORPORATED      | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      20352     |                0 | AGAINST     |                                20352     | AGAINST                     |  |
| VISA INC.                            | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         17     |                0 | FOR         |                                   17     | FOR                         |  |
| VONTIER CORPORATION                  | 928881101 | 05/27/2025     | To approve, on an advisory basis, Vontier's named executive officer compensation as disclosed in the Proxy Statement.                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |     407853     |                0 | AGAINST     |                               407853     | AGAINST                     |  |
| WAFD, INC.                           | 938824109 | 02/11/2025     | ADVISORY VOTE ON THE COMPENSATION OF WAFD, INC.'S NAMED EXECUTIVE OFFICERS.                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |       1073     |                0 | FOR         |                                 1073     | FOR                         |  |
| WELLS FARGO  COMPANY                 | 949746101 | 04/29/2025     | Advisory vote to approve executive compensation (Say on Pay).                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |     152327     |                0 | AGAINST     |                               152327     | AGAINST                     |  |
| WOLVERINE WORLD WIDE, INC.           | 978097103 | 05/01/2025     | Advisory resolution to approve executive compensation.                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |       5130     |                0 | FOR         |                                 5130     | FOR                         |  |
| YUM! BRANDS, INC.                    | 988498101 | 05/15/2025     | Advisory Vote on Executive Compensation.                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        600     |                0 | FOR         |                                  600     | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Eldred Rock Partners, LLC

**By (Signature):** John Derrick

**By (Printed Signature):** John Derrick

**By (Title):** CCO

**Date:** 07/16/2025