# EDGAR Filing Document

**Accession Number:** 0000902584
**File Stem:** 0001085146-25-004540
**Filing Date:** 2025-8
**Character Count:** 10195
**Document Hash:** 9e888775f8e5702364a2767b6799c77c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-004540.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0001085146-25-004540

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250806

**EFFECTIVENESS DATE**: 20250806

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORY RESEARCH INC
- **CENTRAL INDEX KEY:** 0000902584

**ORGANIZATION NAME:**
- **EIN:** 362831881
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05637
- **FILM NUMBER:** 251186634

**BUSINESS ADDRESS:**
- **STREET 1:** 180 N. STETSON AVENUE
- **STREET 2:** SUITE 5500
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601
- **BUSINESS PHONE:** 312-565-1414

**MAIL ADDRESS:**
- **STREET 1:** 180 N. STETSON AVENUE
- **STREET 2:** SUITE 5500
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601

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

## N-PX: Filer Information

**Filer CIK:** 0000902584

**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:** ADVISORY RESEARCH INC

**Address:** 180 N. STETSON AVENUE, CHICAGO, IL 60601

**Telephone number:** 312-233-8997

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-05637

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Accenture plc                  | G1151C101 | 02/06/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         4792   |                0 | FOR         |                                   4792   | FOR                         |  |
| AutoZone, Inc.                 | 053332102 | 12/18/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          510   |                0 | FOR         |                                    510   | FOR                         |  |
| Axos Financial, Inc.           | 05465C100 | 11/14/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        11646   |                0 | AGAINST     |                                  11646   | AGAINST                     |  |
| BellRing Brands, Inc.          | 07831C103 | 01/28/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        14609   |                0 | FOR         |                                  14609   | FOR                         |  |
| Cantaloupe, Inc.               | 138103106 | 11/20/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |       168850   |                0 | FOR         |                                 168850   | FOR                         |  |
| Capital Southwest Corporation  | 140501107 | 07/25/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         7200   |                0 | FOR         |                                   7200   | FOR                         |  |
| Eagle Materials Inc.           | 26969P108 | 08/01/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         6555   |                0 | FOR         |                                   6555   | FOR                         |  |
| Ferguson Enterprises Inc.      | 31488V107 | 12/05/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        31856   |                0 | FOR         |                                  31856   | FOR                         |  |
| Ferguson Enterprises Inc.      | 31488V107 | 12/05/2024     | Advisory Vote on Say on Pay Frequency                          | SECTION 14A SAY-ON-PAY VOTES |        31856   |                0 | ONE YEAR    |                                  31856   | FOR                         |  |
| H Block, Inc.                  | 093671105 | 11/06/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        22154   |                0 | FOR         |                                  22154   | FOR                         |  |
| Hercules Capital, Inc.         | 427096508 | 08/15/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        14214   |                0 | FOR         |                                  14214   | FOR                         |  |
| Intuit Inc.                    | 461202103 | 01/23/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |           41   |                0 | FOR         |                                     41   | FOR                         |  |
| Lam Research Corporation       | 512807306 | 11/05/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         1653   |                0 | FOR         |                                   1653   | FOR                         |  |
| Legacy Housing Corporation     | 52472M101 | 12/04/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |       352935   |                0 | FOR         |                                 352935   | FOR                         |  |
| Legacy Housing Corporation     | 52472M101 | 12/04/2024     | Advisory Vote on Say on Pay Frequency                          | SECTION 14A SAY-ON-PAY VOTES |       352935   |                0 | ONE YEAR    |                                 352935   | FOR                         |  |
| Medtronic Plc                  | G5960L103 | 10/17/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |           58   |                0 | FOR         |                                     58   | FOR                         |  |
| Microsoft Corporation          | 594918104 | 12/10/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        27641.8 |                0 | FOR         |                                  27641.8 | FOR                         |  |
| NetApp, Inc.                   | 64110D104 | 09/11/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        12923   |                0 | FOR         |                                  12923   | FOR                         |  |
| Oracle Corporation             | 68389X105 | 11/14/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         7455   |                0 | AGAINST     |                                   7455   | AGAINST                     |  |
| Paylocity Holding Corporation  | 70438V106 | 12/05/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          100   |                0 | FOR         |                                    100   | FOR                         |  |
| Performance Food Group Company | 71377A103 | 11/20/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |       142596   |                0 | FOR         |                                 142596   | FOR                         |  |
| Skyline Champion Corporation   | 830830105 | 08/01/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        36297   |                0 | FOR         |                                  36297   | FOR                         |  |
| Spire Inc.                     | 84857L101 | 01/30/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         5108   |                0 | FOR         |                                   5108   | FOR                         |  |
| Tapestry, Inc.                 | 876030107 | 11/14/2024     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |       234291   |                0 | FOR         |                                 234291   | FOR                         |  |
| Valvoline Inc.                 | 92047W101 | 01/28/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |        38700   |                0 | FOR         |                                  38700   | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** ADVISORY RESEARCH INC

**By (Signature):** Bruce Zessar

**By (Printed Signature):** Bruce Zessar

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

**Date:** 08/05/2025