# EDGAR Filing Document

**Accession Number:** 0001425851
**File Stem:** 0001172661-25-003840
**Filing Date:** 2025-8
**Character Count:** 34230
**Document Hash:** 5f4719b0d2fc11cdfc7bf67daaa6118e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-003840.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001172661-25-003840

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**EFFECTIVENESS DATE**: 20250827

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pentwater Capital Management LP
- **CENTRAL INDEX KEY:** 0001425851

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

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12843
- **FILM NUMBER:** 251262609

**BUSINESS ADDRESS:**
- **STREET 1:** 1001 10TH AVENUE SOUTH
- **STREET 2:** SUITE 216
- **CITY:** NAPLES
- **STATE:** FL
- **ZIP:** 34102
- **BUSINESS PHONE:** 239-384-9750

**MAIL ADDRESS:**
- **STREET 1:** 1001 10TH AVENUE SOUTH
- **STREET 2:** SUITE 216
- **CITY:** NAPLES
- **STATE:** FL
- **ZIP:** 34102

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

## N-PX: Filer Information

**Filer CIK:** 0001425851

**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:** Pentwater Capital Management LP

**Address:** 1001 10TH AVENUE SOUTH, NAPLES, FL 34102

**Telephone number:** 312-589-6406

**Name of agent for service:** —

**Agent Address:** —, —, — —

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

**SEC File Number:** 028-12843

**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   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Air Transport Services Group, Inc.          | 00922R105 | 02/10/2025     | To approve, by advisory (non-binding) vote, the compensation that may be paid or become payable to the Company's named executive officers in connection with the consummation of the merger (the "Advisory Compensation Proposal"); and                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         473386 |                0 | AGAINST     |                                   473386 | AGAINST                     |  |
| Albertsons Companies, Inc.                  | 013091103 | 08/08/2024     | Hold the annual, non-binding, advisory vote on our executive compensation program.                                                                                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          20000 |                0 | FOR         |                                    20000 | FOR                         |  |
| Altair Engineering Inc.                     | 021369103 | 01/22/2025     | To approve on an advisory (non-binding) basis the compensation that may be paid or become payable to Altair's named executive officers that is based on or otherwise relates to the merger, and                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |         159587 |                0 | FOR         |                                   159587 | FOR                         |  |
| Amedisys, Inc.                              | 023436108 | 12/30/2024     | To approve, on an advisory (non-binding) basis, the compensation paid to the Company's Named Executive Officers, as set forth in the Company's 2024 Proxy Statement ("Say on Pay" Vote).                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         747945 |                0 | FOR         |                                   747945 | FOR                         |  |
| American Axle  Manufacturing Holdings, Inc. | 024061103 | 05/01/2025     | Approval, on an advisory basis, of the compensation of the Company's named executive officers.                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |              1 |                0 | FOR         |                                        1 | FOR                         |  |
| ANSYS, Inc.                                 | 03662Q105 | 06/27/2025     | Advisory Approval of the Compensation of Our Named Executive Officers                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         516070 |                0 | FOR         |                                   516070 | FOR                         |  |
| Arcadium Lithium Plc                        |  | 12/23/2024     | Ordinary Resolution to approve, on a non binding, advisory basis, specified golden parachute compensatory arrangements between Arcadium Lithium plc and its named executive officers relating to the Transaction.                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |       14982619 |                0 | FOR         |                                 14982619 | FOR                         |  |
| Avis Budget Group, Inc.                     | 053774105 | 05/14/2025     | Advisory approval of the compensation of our named executive officers.                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        2666031 |                0 | FOR         |                                  2666031 | FOR                         |  |
| Barnes Group Inc.                           | 067806109 | 01/09/2025     | To approve, on an advisory (nonbinding) basis, the compensation that may be paid or become payable to named executive officers of Barnes Group Inc. that is based on or otherwise related to the Merger Agreement and the transactions contemplated by the Merger Agreement.                                                | SECTION 14A SAY-ON-PAY VOTES |         104031 |                0 | FOR         |                                   104031 | FOR                         |  |
| Berry Global Group, Inc.                    | 08579W103 | 02/05/2025     | To approve, on an advisory, non-binding basis, our executive compensation.                                                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         284000 |                0 | FOR         |                                   284000 | FOR                         |  |
| Berry Global Group, Inc.                    | 08579W103 | 02/05/2025     | To vote, on an advisory, non-binding basis, on whether the advisory, non-binding vote on executive compensation should occur every one, two or three years.                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |         284000 |                0 | 1-YEAR      |                                   284000 | FOR                         |  |
| Berry Global Group, Inc.                    | 08579W103 | 02/25/2025     | Proposal to approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to Berry's named executive officers that is based on or otherwise relates to the transactions contemplated by the Merger Agreement, which proposal is referred to as the "Berry Advisory Compensation Proposal." | SECTION 14A SAY-ON-PAY VOTES |         284255 |                0 | AGAINST     |                                   284255 | AGAINST                     |  |
| Brookline Bancorp, Inc.                     | 11373M107 | 05/21/2025     | A proposal to approve, on a non-binding advisory basis, the compensation that may become payable to the named executive officers of Brookline in connection with the Mergers (the "Brookline Merger-Related Compensation Proposal").                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         555000 |                0 | AGAINST     |                                   555000 | AGAINST                     |  |
| Capri Holdings Limited                      | G1890L107 | 09/04/2024     | To approve, on a non-binding advisory basis, executive compensation.                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         954169 |                0 | FOR         |                                   954169 | FOR                         |  |
| Carnival Corporation                        | 143658300 | 04/16/2025     | To hold a (non-binding) advisory vote to approve executive compensation.                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        1889039 |                0 | FOR         |                                  1889039 | FOR                         |  |
| Crown Holdings, Inc.                        | 228368106 | 05/01/2025     | Approval by advisory vote of the resolution on executive compensation as described in the Proxy Statement.                                                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |              2 |                0 | FOR         |                                        2 | FOR                         |  |
| Cytokinetics, Incorporated                  | 23282W605 | 05/14/2025     | To approve, on an advisory basis, the compensation of Cytokinetics, Incorporated's named executive officers, as disclosed in the Proxy Statement.                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |              5 |                0 | FOR         |                                        5 | 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 |         378817 |                0 | FOR         |                                   378817 | FOR                         |  |
| Dun  Bradstreet Holdings, Inc.              | 26484T106 | 06/12/2025     | To approve, by a non-binding advisory vote, the compensation that may be paid or become payable to the Company's named executive officers that is based on or otherwise relates to the Transactions, including the Merger.                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        5948440 |                0 | FOR         |                                  5948440 | FOR                         |  |
| EnLink Midstream LLC                        | 29336T100 | 01/30/2025     | To approve, on a non-binding advisory basis, the compensation that may be paid or become payable to EnLink's named executive officers that is based on or otherwise relates to the Mergers.                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        2762400 |                0 | FOR         |                                  2762400 | FOR                         |  |
| Equitrans Midstream Corporation             | 294600101 | 07/18/2024     | Approval, on an advisory (non-binding) basis, of the compensation that may be paid or become payable to the Company's named executive officers in connection with the Merger; and                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        1420000 |                0 | FOR         |                                  1420000 | FOR                         |  |
| Esperion Therapeutics, Inc.                 | 29664W105 | 05/29/2025     | To approve the non-binding advisory resolution on the compensation of our named executive officers.                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         181290 |                0 | FOR         |                                   181290 | FOR                         |  |
| Fortinet, Inc.                              | 34959E109 | 06/13/2025     | Advisory vote to approve named executive officer compensation, as disclosed in the Proxy Statement.                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          35000 |                0 | FOR         |                                    35000 | FOR                         |  |
| Frontier Communications Parent, Inc.        | 35909D109 | 05/21/2025     | To approve, on an advisory basis, our named executive officer compensation.                                                                                                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        2290778 |                0 | FOR         |                                  2290778 | FOR                         |  |
| HashiCorp, Inc.                             | 418100103 | 07/15/2024     | To approve, on a non-binding, advisory basis, the compensation that will or may become payable by HashiCorp to its named executive officers in connection with the merger contemplated by the merger agreement.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |        1244095 |                0 | FOR         |                                  1244095 | FOR                         |  |
| HCA Healthcare, Inc.                        | 40412C101 | 04/24/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |          20875 |                0 | FOR         |                                    20875 | FOR                         |  |
| Hess Corporation                            | 42809H107 | 05/14/2025     | Advisory approval of the compensation of our named executive officers.                                                                                                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |        4959175 |                0 | FOR         |                                  4959175 | FOR                         |  |
| Intra-Cellular Therapies, Inc.              | 46116X101 | 03/27/2025     | To approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to ITI's named executive officers that is based on or otherwise relates to the Merger Agreement and the transactions contemplated by the Merger Agreement.                                                              | SECTION 14A SAY-ON-PAY VOTES |        4304480 |                0 | AGAINST     |                                  4304480 | AGAINST                     |  |
| Ivanhoe Electric Inc.                       | 46578C108 | 06/05/2025     | Non Binding, Advisory Vote to Approve Executive Compensation.                                                                                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |        2573685 |                0 | FOR         |                                  2573685 | FOR                         |  |
| Juniper Networks, Inc.                      | 48203R104 | 05/28/2025     | Approval of a non-binding advisory resolution on executive compensation.                                                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        9185731 |                0 | FOR         |                                  9185731 | FOR                         |  |
| Kellanova                                   | 487836108 | 11/01/2024     | The Advisory Compensation Proposal - To approve, on a non-binding advisory basis, the compensation that may be paid or become payable to Kellanova's named executive officers that is based on or otherwise relates to the Merger.                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        4789858 |                0 | AGAINST     |                                  4789858 | AGAINST                     |  |
| Kenvue Inc.                                 | 49177J102 | 05/22/2025     | Approve, on a non-binding advisory basis, the compensation of Kenvue Inc.'s named executive officers.                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          19461 |                0 | FOR         |                                    19461 | FOR                         |  |
| Marathon Oil Corporation                    | 565849106 | 08/29/2024     | To approve, by a non-binding advisory vote, certain compensation that may be paid or become payable to Marathon Oil's named executive officers that is based on or otherwise relates to the merger contemplated by the merger agreement.                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        1875120 |                0 | AGAINST     |                                  1875120 | AGAINST                     |  |
| Nordstrom, Inc.                             | 655664100 | 05/16/2025     | To approve, on a non-binding, advisory basis, certain compensation that will or may become payable by Nordstrom to its named executive officers in connection with the merger of Navy Acquisition Co. Inc., a wholly owned subsidiary of Norse Holdings, Inc. with and into Nordstrom.                                      | SECTION 14A SAY-ON-PAY VOTES |        1234523 |                0 | FOR         |                                  1234523 | FOR                         |  |
| Nucor Corporation                           | 670346105 | 05/08/2025     | Approval, on an advisory basis, of Nucor's named executive officer compensation in 2024                                                                                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         164197 |                0 | FOR         |                                   164197 | FOR                         |  |
| Paragon 28, Inc.                            | 69913P105 | 04/17/2025     | To approve, by advisory (non-binding) vote, the compensation that may be paid or become payable to the Company's named executive officers in connection with the consummation of the merger.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         900000 |                0 | AGAINST     |                                   900000 | AGAINST                     |  |
| Perficient, Inc.                            | 71375U101 | 07/30/2024     | To approve, on an advisory, non-binding basis, the compensation that will or may be paid or may become payable to the named executives officers of Perficient in connection with the consummation of the transactions contemplated by the Merger Agreement.                                                                 | SECTION 14A SAY-ON-PAY VOTES |         235818 |                0 | FOR         |                                   235818 | FOR                         |  |
| PetIQ, Inc.                                 | 71639T106 | 10/22/2024     | To approve, on a non-binding, advisory basis, the compensation that will or may become payable by PetIQ, Inc. to its named executive officers in connection with the merger agreement.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         646000 |                0 | AGAINST     |                                   646000 | AGAINST                     |  |
| Sirius XM Holdings Inc.                     | 829933100 | 05/28/2025     | Advisory vote on frequency of future advisory votes on the compensation of named executive officers.                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |          92445 |                0 | 1-YEAR      |                                    92445 | FOR                         |  |
| Smartsheet Inc.                             | 83200N103 | 12/09/2024     | To approve, on a non-binding advisory basis, the compensation that may be paid or become payable to Smartsheet's named executive officers that is based on or otherwise relates to the Merger.                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        4638344 |                0 | FOR         |                                  4638344 | FOR                         |  |
| Spirit AeroSystems Holdings, Inc.           | 848574109 | 01/31/2025     | Proposal to approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to Spirit's named executive officers that is based on or otherwise relates to the Merger (the "Advisory Compensation Proposal").                                                                               | SECTION 14A SAY-ON-PAY VOTES |        6634280 |                0 | FOR         |                                  6634280 | FOR                         |  |
| Spirit AeroSystems Holdings, Inc.           | 848574109 | 05/23/2025     | Advisory vote to approve the compensation of named executive officers                                                                                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        6258284 |                0 | AGAINST     |                                  6258284 | AGAINST                     |  |
| SpringWorks Therapeutics, Inc.              | 85205L107 | 05/14/2025     | Non-binding advisory vote on executive compensation                                                                                                                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          51898 |                0 | FOR         |                                    51898 | FOR                         |  |
| Springworks Therapeutics, Inc.              | 85205L107 | 06/26/2025     | A proposal to approve, on a non-binding, advisory basis, certain compensation that may be paid or become payable to the Company's named executive officers in connection with the Merger.                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |        4885777 |                0 | FOR         |                                  4885777 | FOR                         |  |
| Steel Dynamics, Inc.                        | 858119100 | 04/25/2025     | ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS                                                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          80734 |                0 | FOR         |                                    80734 | FOR                         |  |
| Stericycle, Inc.                            | 858912108 | 08/14/2024     | To approve on a non-binding, advisory basis, certain compensation that will or may become payable to Stericycle, Inc.'s named executive officers in connection with the transactions contemplated by the Merger Agreement.                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |        1090970 |                0 | FOR         |                                  1090970 | FOR                         |  |
| Summit Materials, Inc.                      | 86614U100 | 02/05/2025     | Approve on an advisory (non-binding) basis the compensation that may be paid or become payable to Summit's named executive officers that is based on or otherwise relates to the merger (referred to as the "merger-related compensation proposal").                                                                        | SECTION 14A SAY-ON-PAY VOTES |         200000 |                0 | FOR         |                                   200000 | FOR                         |  |
| Surgery Partners, Inc.                      | 86881A100 | 06/06/2025     | Approval, on an advisory basis, of the compensation paid by the Company to its named executive officers.                                                                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        2850423 |                0 | AGAINST     |                                  2850423 | AGAINST                     |  |
| TELA Bio, Inc.                              | 872381108 | 05/28/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers.                                                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |         998755 |                0 | FOR         |                                   998755 | FOR                         |  |
| TELA Bio, Inc.                              | 872381108 | 05/28/2025     | To approve, on a non-binding, advisory basis, the preferred frequency of future advisory votes on the compensation of the Company's named executive officers.                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         998755 |                0 | 1-YEAR      |                                   998755 | FOR                         |  |
| The AZEK Company Inc.                       | 05478C105 | 06/27/2025     | A proposal to approve, by advisory (non-binding) vote, certain compensation arrangements that may be paid or become payable to AZEK's named executive officers in connection with the transactions contemplated by the merger agreement.                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        1166259 |                0 | FOR         |                                  1166259 | FOR                         |  |
| The Boeing Company                          | 097023105 | 04/24/2025     | Approve, on an Advisory Basis, Named Executive Officer Compensation.                                                                                                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         658269 |                0 | FOR         |                                   658269 | FOR                         |  |
| The GEO Group, Inc.                         | 36162J106 | 04/29/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         200000 |                0 | FOR         |                                   200000 | FOR                         |  |
| The Interpublic Group of Companies, Inc.    | 460690100 | 03/18/2025     | IPG Compensation Proposal. Proposal to approve, on a non-binding, advisory basis, certain compensation that may be paid or become payable to IPG's named executive officers that is based on or otherwise relates to the merger; and                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         189982 |                0 | AGAINST     |                                   189982 | AGAINST                     |  |
| Triumph Group, Inc.                         | 896818101 | 04/16/2025     | Proposal to approve, on a non-binding, advisory basis, compensation that will or may become payable by the Company to its named executive officers in connection with the merger of Merger Sub with and into the Company pursuant to the Merger Agreement.                                                                  | SECTION 14A SAY-ON-PAY VOTES |         712996 |                0 | FOR         |                                   712996 | FOR                         |  |
| United States Steel Corporation             | 912909108 | 05/06/2025     | To consider and act on a non-binding advisory vote regarding the approval of compensation paid to certain executive officers.                                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |       16537942 |                0 | FOR         |                                 16537942 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Pentwater Capital Management LP

**By (Signature):** Hooman D. Tavakolian

**By (Printed Signature):** Hooman D. Tavakolian

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

**Date:** 08/27/2025